Tag Archive: economy


Bush-Obama Spending Spike

Can anyone look at this and not see how insane the spending is? And, the insanity gets worse when you see just how stupid those in government think you are. Read on.

 

Imagine you are doing your budget for next year. You want to know what your expenditures are going to be, roughly, and you use last year’s budget for a reference.

 

 

Each year you have added 5% increased spending, as a matter of course, no matter what inflation is, or any other considerations.  You just add that spending in there, yep, regardless of your income.

 

Well, your revenues (income) have increased each year some, but your spending has blown that out of the water. Now, it’s time to look at what needs to be done.

 

You already work full-time, and have a part-time job. Your wife works, and you’ve taken all the money you can from your teenagers who work, but you still are short. You figure you don’t need sleep! Your job performance won’t be affected at all, right??

 

Let’s presume your wife talks you down and you realize that your spending is what is out of control. (This will likely never happen in politician land, but just work with me). So, you decide to see about not spending so much, since you make $100,000 a year, but spend $146,000 each year.

 

Now, you come up with this amazing plan. Instead of increasing the budget another 5% next year, you decide to increase it only 2.5%.

 

Your kids go nuts!! What are you, crazy?? You’re cutting spending by HALF!!! How will we live?! What are you? Some kind of horrible guy that wants us to live in squalor and die on the floor?!

 

You see how your spending is NOT, in fact, being cut? You see how your spending is STILL INCREASING and that you will have to borrow even more money just to keep up with current levels of spending, let alone what you’ll add?

 

Yeah, that’s how our government does budget math, in part. The discussions of “draconian cuts”? Yeah, that’s percentages of cuts on the assumed increase.

 

Oh, and, there’s more to come, in future posts, about budgeting government style. Are you still going to buy into their lies?

 

You can either keep on believing the MSM and those in government who spew this nonsense and shut your eyes to the truth, in which case, you are as useful an idiot as they wish you to be, or you can face the truth and WAKE UP! Then, wake up your neighbor. We have a country to save.

Wow!! The unemployment rate went down to 7.7%! Isn’t that great?!?!

 

In a word: no. And, here’s why – they count like they have been drinking for 7 days straight.

 

You would think that the unemployment rate would count all those who are unemployed, right? Well, you’d be wrong. The rate everyone (including the mainstream media – in an effort to get some crumbs thrown to them by their master) quotes counts…get ready…ONLY THOSE WHO ARE CURRENTLY DRAWING UNEMPLOYMENT BENEFITS.

 

Ask me if they count those who have been unemployed so long they are ineligible for more benefits, or the people who have taken jobs flipping burgers part-time when they have bachelor’s degrees. Go ahead. Ask me. The answer is NO!!

 

As my friend Kathryn Tyler (who posted the articles used in this post) puts it, “DECEPTION: FEWER people have jobs, but the Obama Administration reports an improved unemployment rate.” It is deception.

 

Now you know how they make the rate go down!! They just stop counting those who have just dropped out of the work force because they can’t get unemployment anymore, and they also can’t find a job. Technically, they are unemployed, but you can’t seriously think the MEDIA would be bothered with details, now, can you? Of course not, they have a president to protect.

 

After saying in the first paragraph that this report was good news, CNBC reports further down in the article, “The labor force participation rate, already around 30-YEAR LOWS, fell further in the month to 63.6%. That represented 350,000 FEWER workers…” and “The government managed to get the unemployment rate down by shrinking the labor force.”

 

Oh, is that all? They just quit counting people who don’t have jobs?? That IS good news, CNBC! No wonder your readership is growing mightily!! Oh, it’s not? Huh.

 

Anyway, here is a graph showing how many people are in the work force.

Labor Force Participation Rate Chart from Zerohedge.com

Labor Force Participation Rate Chart from Zerohedge.com

 

Gosh. That doesn’t look like a recovery at all, does it? Well, now you know. You can either keep on believing the MSM and those in government who spew this nonsense and shut your eyes to the truth, in which case, you are as useful an idiot as they wish you to be, or you can face the truth and WAKE UP! Then, wake up your neighbor. We have a country to save.

I read a few articles discussing how many people voted about the economy…it’s still the number one issue. Then, I was puzzled to read that it was being blamed on BUSH. I mean, do people even realize it was Romney that Obama was running against? Not Bush? He wasn’t at any rallies that I missed was he? Weird.

 

Now, I am not going to go into the specifics of why the economy is not ALL Bush’s fault because of the change over in Congress, the creation of toxic assets that were never created before (and most people don’t even understand) and were a reaction to Clinton’s tripling down on the Community Reinvestment Act, the speeches that McCain and others gave on the senate floor warning of the collapse since 2005, etc. You’re welcome.

 

But, let’s discuss the reaction TO the financial collapse. Obama has not put ONE person in jail for the mess in the financial markets. He postured a lot, sure. He made some great speeches, but he never called for the House to bring up any charges or the Senate to have a hearing. Instead he gave lots and lots of money to the very people who helped create the mess in the first place.

 

Let’s time tunnel back to the Savings and Loan scandal. BIG problems, corruption, you name it. And people went to jail. For this disaster, Obama comes in, deftly assesses the situation and…throws more money at the people who created the mess and signs the new banking bill that let’s the banks get off scot-free. Wait…

 

To boot, Obama and the Democrats had TWO YEARS where they could have passed ANY bill they wanted, regardless of the feelings or objections of “the party of NO.” Yet, instead of making sure the people at fault for the financial mess went to jail, they extended Bush’s tax “cuts” (don’t get me started on the tax code and the lies therein), deemed Obamacare to be passed, and urged the Federal Reserve to print more money and buy our own debt.

 

At this point, only the willfully ignorant or those in the cult of personality will agree that Bush has any fault for what Obama has just ‘inherited’ as of last night.

%d bloggers like this: