Obama Logic

The following is an outline of the development of the logic of the Obamazombies as it regards the economy. Something is missing that I can't quite figure out. Perhaps someone would be good enough to help explain it all to me?

1) Prior to the election: "The American economy is the Worst Since The Great Depression! Vote for me! I can fix it!"

2) Immediately after the election: "The American economy is the Worst Since The Great Depression - but we will halt its decline in its tracks! Thanks for voting for me! I am now going to fix it!"

3) Following the stimulus passage: "Yes, unemployment for Bush's last year was 4.60%, signifying the Worst Economy Since The Great Depression! Now the unemployment rate is 9.5%, signifying that the stimulus package is WORKING!"





[Free information - no additional charge: If the unemployment rate were figured today using the same methods as were used 50 years ago, the current unemployment rate is pressing 18%. You are welcome for this free information.]

3) As the economy has become progressively worse: "Nobody knew the economy was THIS bad! Why, it's the Worst Economy Since The Great Depression! It's not our fault we can't fix it!"

4) Joe (Silver Tongue) Biden: "So we guessed wrong.... Who woulda thunk that the economy was this bad? If we don't spend more money, we'll go bankrupt!"

I think that the technical term for the above is "having it every which way."

Medical doctors generally refer to such disordered thinking as "confusion," and send the patient off to be checked for a head injury.

My grandmother called it "lying."

CBO On Obama Recession: Years To Recovery

Today, the Director of the nonpartisan Congressional Budget Office, Douglas Elmendorf, on the CBO Director's blog, summarized his most recent testimony before Congress.

* While a "recovery" (read: the end of "negative growth") is expected in the second half of this year, unemployment will continue to spike and will stabilize this year in excess of 10%.

* Unemployment's return to pre-Obama levels will likely take "several years" (read: when The Messiah is no longer in office).

* "Even if the economy returns to positive growth this year, the loss in output and income during this downturn will be huge" (note: even if - doesn't sound like we can expect a return to positive growth this year).

* The difference between "actual" and "potential" output of the economy (read: lost production) will exceed $1 trillion both this year and next, and "CBO’s forecast in August is likely to show even larger shortfalls in output over the next few years" (read: the brakes have effectively been put on the economy).

* "The current recession and its aftermath will be the most severe economic downturn of the postwar period."

* "Most experts also believe that persistent large deficits reduce capital accumulation and thereby slow the growth of output and incomes over time. Thus, the large deficits that CBO projects for the years after the economy has returned to full employment are more worrisome" (read: while the CBO is giving a grudging pass to the current $1.7 trillion deficit, it is sounding the alarm that the party can't go on forever, and Obama's spending is going to have to stop).

*"The sharp increase in debt this year and next raises the risk that investors might lose confidence in U.S. government debt as a safe haven" (read: hyperinflation has already started, and we can't trust the collective mainstream media of other countries to keep it a secret like our own home-grown fourth estate is pleased to do).

Odd that the mainstream media hasn't really made any of these points since the Director's testimony was just yesterday. Perhaps CBS and CNN and MSNBC do not know that the CBO director has a blog...?

Obama's Bacchanalia

I want to make sure that I understand what is going on here.

The Heritage Foundation recently posted figures that show that Obama's budget will send the national budget deficit soaring to levels not seen since World War II. As a percentage of GDP, it will increase from 40% during the Bush years to 82% by 2019.

Now, that means that for every dollar produced in the entire economy, the U.S. will accrue 82 cents in debt during that year.

We hear all of these factoids these days:

* Over the next ten years. the U.S. national debt will increase to nearly $20 trillion (and keep in mind that Obama inherited a $6 trillion national debt on his first day in office, accrued over 230 years of U.S. history).

* For every dollar that the U.S. spends today, it is borrowing 50 cents.

* Obama's cap-and-trade scheme will increase the energy bill of the average American family (not corporation - family) by $1,300 per year.

* Obama's CAFE standards will increase the cost of a new car in America by a figure between $1,300 and $7,000 per car.

* Obama's cap-and-trade scheme will cost 3-4 million jobs all by itself - that's not including other causes of unemployment.

* The current unemployment rate nationwide is approaching 9%.

* March housing starts were down 11%.

* Further deflation of the housing market nationwide is expected to be 10%-15% in some areas.

* More bailouts of the banks, the auto companies, and now California.

* Social Security may be insolvent as early as 2010.

And Barack Hussein Muhammad bin Obama has the solution: more deficit spending - and that, as far as the eye can see. Oh, and a government takeover of the health care industry as well; you know, with all that EXTRA money that we have.

This orgy, this bacchanalia of spending can only end one of two ways: either Barack Hussein Muhammad bin Obama is going to spend this nation into utter and complete oblivion, making us a second- or third-world nation, or the people are going to rebel and say "No more!"

Yesterday, the bluest of blue states rose up and said that not one more tax dollar could be granted to its profligate government as California voted down five of six referenda on state spending - approving only a referendum that capped the salaries of state officials.

Rightly or wrongly, voters in the special election refused either to extend new tax hikes or to cap state spending. They also declined to unlock funds that they had voted in better financial times to set aside for special purposes.

Not one county in California passed any of the rejected measures. The state as a whole rejected the emergency spending measures by more than a 60% vote.

Traditional wisdom states that what affects the rest of the country begins in California. Let's hope so. Obama is addicted; he is on a bender. He behaves like a madman on the juice. Only his bacchanalia is an orgy of spending. He is infected with the dread disease of socialism. He needs an intervention.

It is time for the people of the country to take the cue of the people of California and provide it for him.

It's Over!

Yes, it's over, so declares ABC News.

The recession is over. At least according to Barry Knapp, a strategist at Barclays Capital who specializes in consulting chicken gizzards and crystal balls... I mean, specializes in interpreting economic data and then spouting really cool phrases like "the sweet spot of the recovery" on national television.

Apparently these Ivy League whiz kids missed the story in the Washington Times yesterday that reported April foreclosures up 32% year-over-year. Some "sweet spot."

It may be over, but "it" ain't the recession we are talking about. What is over is the vaunted veneer of objectivity possessed by the media in relation to the executive branch. Trembling like a 15-year old girl in the presence of the "dreamiest" senior in the school, the press keeps sticking its neck out for a President who has shown nothing but incompetence as of yet.

But remember, you heard it here first - the recession is over! The Messiah has come. The Kingdom is established.

Yawn....

Newsweek Nails It!: Obama is a Marxist!

Out of the mouth of babes and the mainstream media, every once in a while you get profundity.

My uncle reads Newsweek, I don't. So he saved the February 16, 2009 copy for me, and it had THIS on the cover:




Note the self-conscious mockery of actual socialist symbolism:






Now of course, if a Conservative makes this same observation, he is a "right-wing extremist." Everyone from Mike Savage to Sean Hannity to Joe the Plumber to John McCain have been criticized for utilizing the word in connection with The One.

And yes, the story on the inside, written by Jon Meacham and Evan Thomas, ties this "socialism" that "we all are" now to the policy of Barack Hussein Muhammad bin Obama. The story specifically states that Obama is going much further than even the free-spending Bush while "reversing Bill Clinton's end of big government" [sic]. And the article casts its own lot with Obama's spending-like-water goals, asserting (without proof) that "an aging population and global warming and higher energy costs will demand more taxing and spending."

Of course, the story is strangely silent about the fact that the retirement savings of the aging population was wiped out by Democratic social engineering in the housing market, that high energy costs will be caused by Socialist global warming nonsense, and that, well, that global warming is so much Socialist nonsense designed specifically not to respond to a real threat, but rather to put the brakes on the free market and transfer power to national governments and international non-governmental organizations. But all that is beside the point! The good news is, we're all Socialists with the advent of The One.

A moment of honesty (unintended, I am sure) was induldged in by our Newsweek heroes, when they note "The catch [of all this expanding Socialist governance] is that more government intrusion in the economy will almost surely limit growth (as it has in Europe, where a big welfare state has caused chronic high unemployment)." Emphasis added.

The article concludes: "Growth has always been America's birthright and saving grace." But look for that growth to stop, Komrade!

In an adjacent story by Michael Freedman (who seems to barely be able to restrain his orgasmic delight long enough to type his story), the claim is made that the long-term effects of Obama's policies "will be a steady drift toward what could be called a European model of governance, regulation, and paternalism. Already, big government is on the rise - projected public spending figures show the United States will move ever closer to European averages over the next two years." The U.S. government will begin regulating "with big brother vigilance," turning entire industries into "virtual wards of the state." Of course, restraint is not always a good thing, as we learn when Freedman indulges in some journalistic cheerleading, "This is all likely to prove very popular if the conventional wisdom [read: the hopes of the mainstream media elites] is right."

How is that whole hopey-changey thing working out for ya? Oddly enough, all these ideas have been tried before. But rather than being "tried and true," it seems they are "tried and tattered."

Barack Obama at Office Depot

"Petty thieves, we hang; great ones, we elect to office."

- Aesop

The current estimated future obligations for the United States in regards to Medicare, Medicaid, and Social Security are $1.25 quadrillion.

The Obama presidency, in less than 100 days, has already spent or proposed in the neighborhood of $10 trillion. Yes, that is $10 thousand billion.

The federal deficit amassed in over 200 years from the American War for Independence in 1776 to the administration of George W. Bush in 2008 was roughly $11 trillion.

The total interest on the U.S. debt is $1.2 billion per day.

Today, Barack Hussein Muhammad bin Obama demanded that his cabinet find a way to save $100 million.

Department of Homeland Security chief Janet Napolitano today indicated that her executive department can save millions of dollars each year by purchasing office supplies in bulk.

"According to [Napolitano], millions of dollars can be saved by making changes in such things as how the department orders office supplies, gets computer software and uses energy."

So the answer for Barack Hussein Muhammad bin Obama's DOUBLING of the federal debt in less than 100 days is to, in the future, purchase paper clips from Sam's Club and Office Depot?

The AP (apparently now fully recovered from campaign-season orgasms) even reports the cuts as making hardly a "dime's worth of difference."

"Cut a latte or two out of your annual budget and you've just done as much belt-tightening as President Barack Obama asked of his Cabinet on Monday.

The thrifty measures Obama ordered for federal agencies are the equivalent of asking a family that spends $60,000 in a year to save $6."

The ship is sinking. Find a lifeboat and stand by it. You won't be waiting long....