No economic upturn, and minorities, those hit hardest by the Obama “recovery” still consider him a deity. Poverty is being redistributed upward AND downward. Ignorance is bliss, but exceedingly destructive to our nation.
Excerpt: Household incomes are still down 4.4% since the recession ended four years ago. Meanwhile, the unemployment picture may be even worse than we think. The Obama “recovery” continues to impress.
According to a report released this week by Sentier Research, the inflation-adjusted median household income remains $2,380 below where it stood when the Obama “recovery” officially started in June 2009 — a drop of 4.4%.
Sentier’s monthly data, derived from the Census Bureau’s Current Population Survey, show that incomes fell more in the year after the recovery started than it did during the recession itself. And household incomes have basically flat-lined ever since.
“As the unemployment rate and the duration of unemployment remained high,” the authors note, “median annual household income continued its decline.”
The picture gets even grimmer the deeper you dive into the data. The most vulnerable groups — blacks, Hispanics, female-headed families and the young — have fared far worse under Obama than everyone else.
Read full article “IF THIS IS RECOVERY, GOD SAVE US FROM A SLOWDOWN” here.
This is the most important history lesson you will ever receive. You may believe that America’s decline is an accident. This movie shows that everything that is bad with the country now, is the result of a well thought out plan by the Socialists and Communists back in the 50’s and 60’s to destroy our capitalist Republic and re-design it in the Communist image. This is what Obama’s “Change” looks like.
View full length video here.
John Gordon gives great insight into the historical implications of what our government is doing to destroy our standing in the world.
Excerpt: Today we live in a world far beyond the imagination of those who were alive in 1607. The poorest family in America today enjoys a standard of living that would have been considered opulent 400 years ago. And for most of this time it was the United States that was leading the world into the future, politically and economically.
This astonishing economic transformation provides rich lessons in examples of what to do and not do. Let me suggest five.
1. Governments Are Terrible Investors
2. Politicians Have Self-Interest Too
3. Immigration is a Good Thing
4. Good Ideas Spread, Bad Ones Don’t ( I selected this snippet as a sample of the history surrounding one of my favorite causes, tort reform.)
Thomas Jefferson the first person in history to advocate a system of decimal coinage, and the United States the first country to adopt one. This was a very good idea, and, as good ideas always do, it quickly spread. Today every country on earth has a decimal currency system.
But if Jefferson’s decimal coinage concept was a good idea that quickly spread around the world, another idea that developed here at that time was lousy: the so-called American Rule, whereby each side in a civil legal case pays its own court costs regardless of outcome. This was different from the English system where the loser has to pay the court costs of both sides.
The American Rule came about as what might be called a deadbeat’s relief act. The Treaty of Paris (which ended the American Revolution) stipulated that British creditors could sue in American courts in order to collect debts owed them by people who were now American citizens. To make it less likely that they would do so, state legislatures passed the American Rule. With the British merchant stuck paying his own court costs, he had little incentive to go to court unless the debt was considerable.
The American Rule was a relatively minor anomaly in our legal system until the mid-20th century. But since then, as lawyers’ ethics changed and they became much more active in seeking cases, the American Rule has proved an engine of litigation. For every malpractice case filed in 1960, for instance, 300 are filed today. In practice, the American Rule has become an open invitation, frequently accepted, to legal extortion: “Pay us $25,000 to go away or spend $250,000 to defend yourself successfully in court. Your choice.”
Trial lawyers defend the American Rule fiercely. They also make more political contributions, mostly to Democrats, than any other set of donors except labor unions. One of their main arguments for the status quo is that the vast number of lawsuits from which they profit so handsomely force doctors, manufacturers, and others to be more careful than they otherwise might be. Private lawsuits, these lawyers maintain, police the public marketplace by going after bad guys so the government doesn’t have to—a curious assertion, given that policing the marketplace has long been considered a quintessential function of government.
The reason for this is that when policing has been in private hands, self-interest and the public interest inevitably conflicted. The private armies of the Middle Ages all too often turned into bands of brigands or rebels.
5. Markets Hate Uncertainty
Usually, when there has been a steep decline in economic activity, recovery is equally steep. The valley is V-shaped. That is what happened in 1920, when there had been a severe post-war depression and then a strong recovery. So why was the recovery so slow in the 1930s? One reason, according to an increasing number of economic historians, is that Franklin Roosevelt had a bad habit of changing his mind. While highly intelligent, he was no student of economics and seldom read books as an adult. So much of his program was, essentially, seat-of-his-pants policy. First there was the National Recovery Administration, which amounted to a vast cartelization of the American economy. When the Supreme Court threw it out—by a unanimous vote—FDR moved on to other remedies, including big tax increases on the rich.
But markets, which can function even in disaster with ruthless efficiency, hate uncertainty. When uncertainty regarding the future is high, they tend to tread water. As a result, there was what is known as a “strike of capital.” While corporations often had large cash balances—General Motors made a profit in every year of the Great Depression—and banks had money to lend, there was little investment and few loans made. Both the banks and the corporations were too uncertain about what the government was going to do next.
That is precisely what is happening today. Banks and corporations have plenty of money. Apple alone is sitting on about $100 billion worth of corporate cash. And yet the recovery from the crash of 2008 has been tepid at best. The valley is U-shaped. Undoubtedly a big reason for that is the enormous uncertainty that has plagued the country since 2008. Will health care—one-sixth of the American economy—be taken over by the folks who run the post office? Will the Bush tax cuts be ended or continued? Will the corporate income tax go up or down? Will manufacturing get a special tax deal? Will so-called millionaires—who, when you listen carefully to what liberal politicians are saying, can earn as little as $200,000 a year—be forced suddenly to pay “their fair share”?
Who knows? So firms and banks are postponing investment decisions until the future is clearer. Perhaps the clearing will happen on November 6.
Read full article here.
Our leftist government is in full attack mode against our Constitution. Anti-gun, anti-free speech, and anti-religion, anti-capitalism, and anti-separation of powers, the Obama administration and left wing Democrats are at war with the very core of our society. He was not kidding when he said he would “fundamentally change America”.
Excerpt: These venomous assaults against the First Amendment and its protection clause ensuring the free exercise of faith not only earned the three mayors condemnation from even the ACLU, but also gave rise to a Chick-fil-A Appreciation Day on Wednesday of this week. If your local Chick-fil-A is not open today, that’s because the nationwide response in support of this company depleted their product inventory yesterday. The massive turnout in support of traditional family values created blocks-long lines around some Chick-fil-As, and my sense is that those same folks will be turning out in long lines at the polls in November.
Of course, Leftists are the consummate hypocrites. On the one hand, they boycott a certain restaurant because its CEO subscribes to the Judeo-Christian family model established through all of recorded history but is a model that doesn’t comport with Obama’s homosexual agenda. On the other hand, they fill the tanks of their cars with fuel purchased from Islamic cultures that condone the stoning of homosexuals.
Obama is a disciple of hate, stewarded by his “religious mentor,” Jeremiah Wright and a long list of Marxist mentors that includes his atheist mother. As theologian G. K. Chesterton once wrote, “When people stop believing in God, they don’t believe in nothing — they believe in anything.” That defines Obama’s constituencies and explains his election.
In the timeless words of John Adams, from 1776, “It is religion and morality alone, which can establish the Principles upon which Freedom can securely stand.”
To that end, Obama’s assault on faith has been relentless, as it must be in order to replace Liberty, as enshrined in Rule of Law, with tyranny under the rule of men.
There are, of course, some defining moments of Obama’s unmitigated hostility toward Christians. In April 2008, we saw a hint when then-candidate Obama defined grassroots Christians as folks who “get bitter” and “cling to guns or religion or antipathy to people who aren’t like them.”
But Obama most notably framed his disdain for Christians once it became apparent that his Socialist Democrats were going to suffer significant setbacks in the 2010 midterm election.
Recall that in October of that year, he repeatedly and deliberately omitted “endowed by our Creator” when citing the Declaration of Independence, and he insisted at an international forum that our National Motto was “E Pluribus Unum” rather than “In God We Trust.”
These disgraceful moments are reflected in a plethora of mandates, orders and policies designed to undermine our Judeo-Christian heritage and traditions.
To achieve his strategy of disabling Individual Liberty, Obama knows he must erode the integrity of faith and family — the keystones of our Republic. Those keystones have been recognized throughout civilization, as aptly demonstrated through the words of Marcus Tullius Cicero (circa 50 BC): “[T]he first principle of society consists in the marriage tie, the next in children, the next in a family within one roof, where everything is in common. This society gives rise to the city, and is, as it were, the nursery of the commonwealth.”
Read full article here.
What we have in the White House is a person that has no clue about American exceptionalism. He was raised by Communists and Muslims and never engaged in the free enterprise system. Don’t blame him; blame his upbringing. A major problem here in the U.S. is that we have allowed people, that believe in government as the source of everything good, settle into those very areas they believe should be the controllers of society. That is why there are so many socialist/communist leaning teachers, professors and government officials. Those that believe in capitalism and free enterprise shy away from those very jobs in favor of the productive side of our economy.
Unfortunately, for President, we elected a community organizer, one of the most unproductive and useless careers any free market American could imagine. He could be right, the government is allowing our entrepreneurs to succeed. As Obama’s father has said, the government has the power to tax us 100%.
Excerpt of Daily Caller article: Now we know what President Barack Obama really believes. And with this knowledge we have the rationale for his desire to use the force of government — a force always backed up by prisons and guns held by men with badges — to take from some and give to others:
“If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business — you didn’t build that. Somebody else made that happen.”
So said the president during a recent speech in Roanoke, Virginia.
Did you catch that word “allowed”? The system does not enable people to thrive. No, it allows us to thrive, as if it’s indulging us.
Our constitutional-scholar president apparently fails to understand or even wonder where government derives its ability to shower its supposed blessings. The answer: It derives this ability by first taking from people who work and businesses that succeed.
Obama apparently fails to understand or even wonder about success. Millions of students have gone through the same K-12 school system as Steve Jobs. Millions of others have gone through the same secondary school system. Jobs was a college dropout. So Jobs received less from the system than millions of others. Yet how many Americans have accomplished what Steve Jobs accomplished?
Obama offers no coherent answer for how some people accomplish so much more than others when we are government and government is us. But he does have an answer for what to do about uneven outcomes.
Denigrate accomplishment. And punish it.
Read full Daily Caller article here.