The “Obama Line”

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This chart compares the progress of unemployment levels for recessions prior to 1948 by using the nadir of unemployment as the zero point in time for each depression. Thus one can compare the relative progress of employment loss and subsequent employment recovery for each different recession. Notice the lowest line,which I call the “Obama Line”,shows the current recession is far worse than any since 1948 in terms of both depth of employment loss,as well as duration. In fact,the duration trend is extremely frightening,because unless something dramatic changes,we are unlikely to return to current employment levels for at least another decade.

The “Obama Line” thus starkly illustrates the destructive economic policies promulgated by the Democrat-Marxist-Progressive-Socialist-Obammunist ideologues have been wildly successful in promoting their stated and desired goal of “shared sacrifice”for we,their subjects,instead of shared prosperity for everyone. But then that’s the reality of socialism laid bare:history has repeatedly shown that “shared sacrifice” is the best any socialist economy can aspire to. Never once in the history of mankind has a socialist economy brought sustained and increasing prosperity for generation after generation.

Unfortunately,for those of us peasants who actually live on the Obama Line,Obama’s job-killing policies are an abject failure and cause for soul-destroying misery. Even worse,there is no chance for improvement until the Obammunist leadership is replaced,because no one in their right mind is going to invest inU.S.economic growth as long as Marxists are in charge of the economy.

It makes no sense to take additional risks to try to increase profits if those profits are simply going to be stolen by Obama and “redistributed”;whether such redistribution occurs via Obamacare,increased taxes,increased regulation,deliberately increasing energy prices,deliberate destruction of the currency via insane inflationary policies,or deliberate destruction of the Constitution and rule of law by simply ignoring them.

Those are the real reasons our economy is in the crapper today. And it will remain in the crapper until leadership is elected who will actually promote an economic environment conducive to job creation rather than merely pretending to think about it,while in reality deliberately killing U.S. economic power like the Obammunists have been doing every day since they came into power.

Read More at Coach is Right by Coach Collins, Coach is Right

Marco Rubio flays ‘incompetent’ Obama

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U.S. Sen. Marco Rubio, R-Fla., believes Barack Obama is an incompetent president leading America into a “significantly worse” situation in every measurable regard.

Making an appearance this afternoon on Rush Limbaugh’s top-rated radio program, Rubio flayed Obama’s quest for another term after a dismal performance thus far.

“He wants a four-year extension to his contract to be president of the United States. So we have to measure him,” Rubio explained.

“And how do we measure him? Unemployment is significantly higher than when he took over. What about the value of people’s homes? The value of people’s homes are down. How about the national debt? The national debt is up, significantly higher with no solution in sight and none offered by him. By every measure that you can measure a president by, things have gotten worse, and significantly worse.”

Rubio indicated Obama and members of his administration have a flawed ideology “that takes us away from the things that have made America exceptional.”

Read More at WND by Joe Kovacs, WorldNetDaily

From Gunrunner to Gun-Grabber

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On June 30th, Maryland Democratic Congressman Elijah Cummings assembled gun confiscation advocates and Second Amendment foes from across the nation to approach the Project Gunrunner/Fast and Furious debacle by doing what the Left does best: changing the subject.

As it is not in the nature of liberals to allow truth to interfere with their agenda, the Congressman decided to ignore the fact that members of the Obama regime’s ATF had directed the sale of thousands of weapons to drug cartel straw buyers and assisted in trafficking those guns across the Mexican border.

Instead, Cummings claimed that “no legitimate examination of [drug cartel violence and illegal firearms trafficking] will be complete without analyzing our nation’s gun laws, which allow tens of thousands of assault weapons to flood into Mexico from the United States each year.”

It apparently escaped the Congressman’s notice that it was President Obama’s ATF and DOJ that fractured those gun laws and caused a flood of weapons across the border in the first place.

So, with the embarrassing facts of Project Gunrunner properly shoved under the table, the Cummings Forum offered the following recommendations to halt the flow of arms across the border:

Increase the penalties for illegal straw purchases;
Enact a dedicated firearms trafficking statute;
Implement a multiple long gun sales reporting requirement.The unabridged Federal Guide to Gun Laws is 400 pages long. Everything illegal about gun manufacture, import, purchase, use, ownership or sale is already “on the books.”
For example, lying on the federal form required to purchase a weapon carries a penalty of “not more than 5 years” in prison. A straw purchaser can be sentenced to 5 years for EVERY gun he purchases and then delivers to someone else for their use. (3)

Read More at Floyd Reports by Doug Book, Floyd Reports

The Duopoly vs. the Patriots

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The Obama administration’s Timothy Geithner admitted on “Meet the Press” Sunday that the U.S. economy is likely to crater to a point that’s worse than many have ever “experienced in their lifetime.” He also said to expect the hard times to “continue for a long time to come.” Wow. Finally, some truth from the big-government-loving socialists.

 

Geithner’s surprisingly frank comments followed Friday’s abysmal jobs report showing that the national unemployment rate actually climbed to 9.2 percent, confounding the predictions of Keynesian economists. Combined with the long-term unemployed who no longer register on the roles and the underemployed, our nation faces a staggering employment problem for well over 20 percent of the population. And it’s getting worse. Perhaps much worse.

 

More big government is obviously not the answer. We heard last week that Obama’s stimulus package managed to squeak out one job for every $278,000 spent. Pathetic. But this is by no means the only federal outrage; everything D.C. has done over the past three years to revive the economy has failed. From expansion of the central government’s socialistic programs to pumping trillions of federal dollars into the economy through quantitative easing, nothing has worked. Virtually all economic indicators are still headed south.

 

This extreme federal incompetency is the backdrop to the current debt-ceiling debate. On the one side, we have members of both parties – the Duopoly – saying, “Trust us, we know what’s best for you – the debt ceiling must be raised.” Facing off against this Establishment is the last hope for America: the tea party. These patriots are saying, “Decades of federal growth under both parties is destroying the country. It stops now.” And, assuming Obama doesn’t take the fascist bait by unilaterally increasing the debt ceiling himself, the tea-party coalition has the literal power to match words to action.

 

Why the necessity of the line in the sand? The Ruling Class simply does not have the willpower to act in the nation’s best interest. Both parties are beholden to interests that benefit from an increasingly powerful central government and its accompanying largess. Bought and paid for. And they are desperate to preserve this power. There’s an absolute vacuum of real leadership in the structure of each party.

 

The tea party and its representatives in Congress recognize these big-government elites are driving us straight over the fiscal cliff. It doesn’t take an advanced degree in economics to realize that as more and more money is borrowed and printed by the government, inflation and interest rates will increase. For every extra point in interest, we pay an additional $145 billion annually on our $14.5 trillion debt.

 

Just one or two extra points could be devastating. Already, federal entitlements and interest on the national debt exceed 100 percent of federal revenues. In other words, all constitutional functions of government such as defense, border security and immigration are paid for entirely by borrowed money. Every extra point of interest goes into the debt column. If we return to the inflation and interest rates of the late ’70s, our government will have one of two options: 1) print more money to meet obligations, ultimately creating hyperinflation, or 2) default on its debt obligations, losing the ability to finance government and leading to an abrupt end of 50 percent of government functions.

 

Either result will be catastrophic to U.S. stability. America will be faced with a crisis approaching that of the Civil War. Urban areas deprived of entitlements will see riots on an unprecedented scale. Our borders will collapse. The military will be cut off at its knees, unable to protect against real threats to our nation. Yet the Duopoly doesn’t seem to give a damn. But the tea party does. That’s why we must stand with those patriots in Congress who refuse to increase the debt ceiling despite the never-ending threats of the self-aggrandizing Ruling Class.

 

The tea party recognizes that opportunity for orderly transition to smaller government is today; tomorrow may be too late. And for those congressmen who continue to fiddle and drink $300 wine as Rome burns, it’s time to let them know that your vote will never again be co-opted by supposedly “conservative” politicians having more in common with Marx than our founders.

 

Read more: https://www.wnd.com/index.php?fa=PAGE.view&pageId=320965

Geithner says hard times to continue for many

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Treasury Secretary Timothy Geithner says many Americans will face hard times for a long time to come.

He says President Barack Obama rescued the United States from a second Great Depression and will keep working to strengthen the economy. But Geithner says will be some time before many people feel like the country is recovering.

Geithner tells NBC’s “Meet the Press” that it’s a very tough economy. He says that for a lot of people “it’s going to feel very hard, harder than anything they’ve experienced in their lifetime now, for a long time to come.”

Read More at Yahoo News:

Analyst: Even Dollar Stores Struggling In ‘Obama Depression’

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More stores across the U.S. that offer deeply-discounted products are seeing their sales decline after years of growth amid America’s “Great Recession” — and one analyst said on Monday it’s another sign of even deeper downturn.

While the demand at stores like the 99-Cent Store or Dollar Tree is still relatively high, the biggest chains in the nation have fallen short of Wall Street’s expectations for several months, a trend that may prove even more ominous for the economy at large.

“I think what’s going on in those stores is that we are in a depression for 80 percent of Americans,” top retail analyst Howard Davidowitz told KNX 1070.
America’s three largest discount chains — Dollar General Corp., Family Dollar Stores Inc. and Dollar Tree Inc. — all recently missed their quarterly earnings targets.

Davidowitz pointed to the weakness of the dollar and a gloomy consumer outlook as some of the factors behind the stores’ slump.

 Read More at CBS Los Angeles

Republican Deals With Obama Are Killing Us

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Writing a syndicated column in 2011 is night and day different from when we started writing for publication in the 1990′s. The overriding change is the volume and immediacy of feedback. In the 1990′s we would receive the occasional letter applauding or challenging our thesis, facts and motives. Today we find our email inbox and comment sections so full it is difficult to read it all.

We take our readers seriously, and even if we don’t personally respond, we read and ponder their many times insightful thoughts. Ironically, as hard as we work to provide clarity through our own words, sometimes they fail to accurately convey our passion and hopes for America.

After last week’s column was posted, we were accused of hoping for the collapse of the country. We couldn’t be more misunderstood by a reader. We see collapse coming, and like Paul Revere we ride the countryside in the hope that the country will mobilize to meet the dangers.

Here are three reasons we are frightfully concerned about the future of the economy and country:

The first is the dedication of John Boehner to cutting deals with Barack Obama. The Republican majority wasn’t returned to Congress so that they could strike a mega-deal to balance the budget on the backs of the people. The growth of government must be stopped before it consumes what meager wealth the country has left. The current grand scheme as reported would increase taxes in exchange for budget cuts someday off in the future. We have seen how this bargain works. Taxes go up, but spending never goes down.

Read More at Floyd Reports by Floyd and Mary Beth Brown, Floyd Reports

Rick Perry is running

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Recently, I wrote about how someone not currently in the race for the Republican nomination who could beat Barack Obama in 2012 with one television ad campaign.

That’s Rick Perry, the governor of Texas.

Maybe I convinced him, because, from what I hear, he’s going to jump into the GOP presidential sweepstakes very soon.

Now, I want to be clear. I am not endorsing Perry. I think he’s a great candidate who can beat Obama. But there are several others running who are great candidates who can also win the presidency. I’m not one of these people who thinks Obama is invulnerable or unbeatable – far from it. The fact that an unnamed Republican candidate beats Obama in the polls today suggests he is all but toast right now.

But let me say this about Rick Perry: His entry into the race will change the dynamics of the Republican primary season.

Read More at WND by Joseph Farah, WorldNetDaily