Tuesday, January 31, 2012

Current Real Unemployment Rate is 10%


The current and true unemployment rate is 10%. Remember that when you vote in November.


(Zerohedge) What do the NAR, Consumer Confidence and CBO forecasts have in common? If you said, "they are all completely worthless" you are absolutely correct. Alas, the market needs to "trade" off numbers, which is why the just released CBO numbers apparently are important... And the fact that the CBO predicted negative $2.5 trillion in net debt by 2011 back in 2011 is largely ignored. Anyway, here are some of the highlights.
  • 2012 Deficit: $1.1 trillion; 2013 Deficit: $0.6 - yes, we are cackling like mad too...
  • Unemployment to remain above 8% in 2012 and 2013; will be around 7% by end of 2015; to drop to 5.25% by end of 2022.
    • This forecast is utterly idiotic and is completely unattainable unless the US workforce drops to all time lows and the US economy generates 300,000 jobs a month for 10 years
  • Needless to say, CBO assumes the best of all worlds in this meaningless forecast
  • But here is the kicker: "Had that portion of the decline in the labor force participation rate since 2007 that is attributable to neither the aging of the baby boomers nor the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percenttranslation: CBO just admitted that the BLS numbers are bogus and real unemployment is 10%. Thank you

Sunday, January 29, 2012

New Figures Show No Global Warming in 15 years


Global warming is a hoax. Why do we still continue to fool ourselves?

(Dailymail) The supposed ‘consensus’ on man-made global warming is facing an inconvenient challenge after the release of new temperature data showing the planet has not warmed for the past 15 years.

The figures suggest that we could even be heading for a mini ice age to rival the 70-year temperature drop that saw frost fairs held on the Thames in the 17th Century.

Based on readings from more than 30,000 measuring stations, the data was issued last week without fanfare by the Met Office and the University of East Anglia Climatic Research Unit. It confirms that the rising trend in world temperatures ended in 1997.


Meanwhile, leading climate scientists yesterday told The Mail on Sunday that, after emitting unusually high levels of energy throughout the 20th Century, the sun is now heading towards a ‘grand minimum’ in its output, threatening cold summers, bitter winters and a shortening of the season available for growing food.

Solar output goes through 11-year cycles, with high numbers of sunspots seen at their peak.

We are now at what should be the peak of what scientists call ‘Cycle 24’ – which is why last week’s solar storm resulted in sightings of the aurora borealis further south than usual. But sunspot numbers are running at less than half those seen during cycle peaks in the 20th Century.

Analysis by experts at NASA and the University of Arizona – derived from magnetic-field measurements 120,000 miles beneath the sun’s surface – suggest that Cycle 25, whose peak is due in 2022, will be a great deal weaker still.

Sarah Palin: Annoy a Liberal, Vote for Newt Gingrich


When the Washington establishments gets nervous about a candidate, it is worth looking at that candidate more closely. If Newt gets the nod from the Reagan family, it is worth looking at his record again. If Sarah Palin and Herman Cain supports Newt, conservatives should take note.





(Breitbart)

"You gotta rage against the machine, at this point in order to defend our republic and save what is good and secure and prosperous about our nation, we need somebody who is engaged in sudden and relentless reform and isn’t afraid to shake it up. Shake up that establishment. 


So, if for no other reason to rage against the machine vote for Newt, annoy a liberal. Vote Newt. Keep this vetting process going, keep the debate going."



Saturday, January 28, 2012

Reagan and Rush Limbaugh Defends Newt Gingrich


The media is supporting a Romney nomination. The media understands putting Romney against Obama will give Obama a chance to win another term. When you have Michael Reagan, the son of Ronald Reagan, and Rush Limbaugh defending Newt, Romney's credibility is in jeopardy. Also, it shows how desperate Romney wants to win. However, using lies and deceit is not favorable among the American voter.

(Newsmax)

Ronald Reagan’s eldest son Mike Reagan has issued a statement lambasting Mitt Romney and his supporters for claims that Romney’s Republican presidential rival Newt Gingrich was a strong critic of President Reagan.
Reagan says such claims are false.

Even Rush Limbaugh, shocked by the Romney claims, chimed on his Thursday radio broadcast to say "This is obviously a coordinated attack to take Newt out here in Florida."

Rush slammed the Romney-backed smear campaign against Newt.

“That kind of stuff is why people hate Romney so much," Limbaugh said.

Limbaugh added that Newt has always been a conservative from his early days in national talk radio in the 1980s.

“He was perhaps the premier defender of Ronald Reagan,” Limbaugh said.

On Thursday, Mike Reagan, a respected conservative commentator, responded to the Gingrich critics with this statement to Newsmax: 


“I am deeply disturbed that supporters of Mitt Romney are claiming that Newt Gingrich is not a true Reaganite and are even claiming that Newt was a strong critic of my father.

“Recently I endorsed Newt Gingrich for president because I believe that Newt is the only Republican candidate who has both consistently backed the conservative policies that my father championed and the only Republican that will continue to implement his vision.

“It surprises me that Mitt Romney and his supporters would raise this issue — when Mitt by his own admission said he opposed my father in the 1980s claiming he was an 'independent,' and later supported liberal Democrat Paul Tsongas for president.




“As governor of Massachusetts, Romney’s achievement was the most socialistic healthcare plan in the nation up until that time.

“Say what you want about Newt Gingrich but when he was Speaker of the House he surrounded himself with Reagan conservatives and implemented a Ronald Reagan program of low taxes and restrained federal spending.

“Newt’s conservative program created a huge economic boom and balanced the budget for the first time in more than a generation.”

Mike Reagan concluded: “I would take Newt Gingrich’s record any day over Mitt Romney’s.”

And Nancy Reagan, Reagan’s wife, has stressed Gingrich’s close relationship with her late husband.
In a 1995 speech at a dinner honoring Ronald Reagan, Nancy said: “The dramatic movement of 1995 is an outgrowth of a much earlier crusade that goes back half a century. Barry Goldwater handed the torch to Ronnie, and in turn Ronnie turned that torch over to Newt and the Republican members of Congress to keep that dream alive.”


Friday, January 27, 2012

To Say Newt Gingrich is Anti-Reagan is All a Lie


The other day there was an article stating that Newt was against Ronald Reagan. Conservative Republicans put Reagan high on the mantle for being Conservative. Any GOP candidate spewing conservatism should mimic Reagan. The article came from a pro-Romney supporter. Thus, the article was a lie. In fact, Nancy Reagan supports Newt. Also, Ronald Reagan's son, Michael Reagan, supports Newt too.


(Spectator) 
As Ronald Reagan used to say: Well...
Yesterday we took note of former Reagan State Department official Elliott Abrams' piece over at NRO that went after Newt Gingrich on his relationship with Reagan. While voting regularly with Reagan as a young congressman from Georgia, Gingrich, claimed Abrams, "often spewed insulting rhetoric at Reagan, his top aides and his policies to defeat Communism." Abrams then goes on to cite " a famous floor statement Gingrich made on March 21, 1986."
Or sort of cites it. 
In fact, I'm sorry to say, what appears to be going on here is that Elliott Abrams, a considerably admirable public servant and a very smart guy, has been swept up in the GOP Establishment's Romney frothings over the rise of Newt Gingrich in the Republican primaries. He is even being accused of trolling for a job in a Romney administration. No way!!!! Really????
What else can possibly explain a piece like the one Abrams penned on a day when Gingrich was being of a mysterious sudden targeted in one hit piece after another for his ties to Reagan? The pieces invariably following the Romney line that Newt had some version of nothing to do with Reagan.
A piece like the one Abrams wrote depends for its success in garnering headlines -- which it did -- by assuming no one will bother to get into the weeds and do the homework. Usually a safe assumption when dealing with the mainstream media, particularly a mainstream media that, as one with Establishment Republicans, hates Newt Gingrich.
Not so fast.
Specifically, Abrams implies that Newt Gingrich was spewing mindless vitriol about Reagan on the House floor. Not only not so, it was quite to the contrary. Of President Reagan, Gingrich says:
• "Let me be clear: I have the greatest respect for President Reagan. I think he personally understands the threat of communism." Gingrich then goes on -- at Newtonian length -- praising Reagan for Reagan's understanding of Lenin, Reagan's understanding of the real "purposes of a Soviet dictatorship" and much more. He lists and applauds Reagan repeatedly for the President's appreciation of "the threat in a more powerful Soviet empire" and the threats posed by Communist Cuba and Nicaragua. He ranks Reagan with the great cold war presidents in protecting freedom.
In short, time after time after, Newt Gingrich -- true to form -- is there on the floor of the House relentlessly praising and crediting Ronald Reagan. Is it any wonder that years later Nancy Reagan would speak so publicly and warmly about "Ronnie" passing the conservative torch to Newt? Is there any wonder that Michael Reagan has stepped into the middle of this current brawl to endorse Newt?
• Abrams quotes Newt for saying in this speech that Reagan's policies towards the Soviets are "inadequate and will ultimately fail." This is shameful. Why? Here's what Newt said -- in full and in context:
"The fact is that George Will, Charles Krauthammer, Irving Kristol, and Jeane Kirkpatrick are right in pointing out the enormous gap between President Reagan's strong rhetoric, which is adequate, and his administration's weak policies, which are inadequate and will ultimately fail."
In other words, Newt was picking up on a concern, prominent in the day and voiced by no less than Reagan's then ex-UN Ambassador Kirkpatrick, not to mention prominent Reagan supporters Will and Kristol and the late-Mondale aide turned conservative Krauthammer, that Reagan's anti-Communist policies could be stronger if better institutionalized and not tied as much to the Reagan persona. The entire speech focused on suggestions of how to do just that -- to effectively institutionalize Reagan's conservative beliefs in the government. Is Abrams seriously accusing Jeane Kirkpatrick and George Will of being anti-Reagan? Of spewing "insulting rhetoric" at a president everyone in Washington knew they staunchly supported? Really? Of course not. But in apparent service to the Romney campaign, in order to make Newt Gingrich appear to be doing just that, Abrams apparently quite deliberately cut out the original Gingrich reference to Will, Kirkpatrick, Krauthammer, and Kristol.

Obama State of the Union, Same Old Crap Every Year


For the past 3 years, Obama has been on campaign mode. For the past 3 years, Obama has been all talk. For the past 3 years, Obama repeats the same issues plaguing America. For the past 3 years, America just had enough of the president's bull crap!

(WSJ)
President Barack Obama‘s State of the Union address Tuesday touched on topics that have been a staple of such addresses, including the economy, jobs, housing and taxes. Here’s what he had to stay on those subjects over the years.
THE ECONOMY
2010: “We can’t afford another so-called economic ‘expansion’ like the one from the last decade –- what some call the ‘lost decade’ -– where jobs grew more slowly than during any prior expansion; where the income of the average American household declined while the cost of health care and tuition reached record highs; where prosperity was built on a housing bubble and financial speculation.”
2011: “We are poised for progress.  Two years after the worst recession most of us have ever known, the stock market has come roaring back.  Corporate profits are up.  The economy is growing again.
But we have never measured progress by these yardsticks alone.  We measure progress by the success of our people.  By the jobs they can find and the quality of life those jobs offer.”
2012: “No, we will not go back to an economy weakened by outsourcing, bad debt, and phony financial profits.  Tonight, I want to speak about how we move forward, and lay out a blueprint for an economy that’s built to last – an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values.
JOBS
2010: “I realize that for every success story, there are other stories, of men and women who wake up with the anguish of not knowing where their next paycheck will come from; who send out resumes week after week and hear nothing in response.  That is why jobs must be our number-one focus in 2010, and that’s why I’m calling for a new jobs bill tonight.”
2011: “The first step in winning the future is encouraging American innovation.  None of us can predict with certainty what the next big industry will be or where the new jobs will come from.  Thirty years ago, we couldn’t know that something called the Internet would lead to an economic revolution.”
2012: “In the last 22 months, businesses have created more than three million jobs.  Last year, they created the most jobs since 2005.  American manufacturers are hiring again, creating jobs for the first time since the late 1990s.”
HOUSING
2010: “This year, we will step up refinancing so that homeowners can move into more affordable mortgages.”
2011: “We live and do business in the Information Age, but the last major reorganization of the government happened in the age of black-and-white TV.  There are 12 different agencies that deal with exports.  There are at least five different agencies that deal with housing policy.”
2012: “While government can’t fix the problem on its own, responsible homeowners shouldn’t have to sit and wait for the housing market to hit bottom to get some relief.
That’s why I’m sending this Congress a plan that gives every responsible homeowner the chance to save about $3,000 a year on their mortgage, by refinancing at historically low interest rates.  No more red tape.  No more runaround from the banks.”
TAXES
2010: “We cut taxes.  We cut taxes for 95%  of working families. We cut taxes for small businesses.  We cut taxes for first-time homebuyers.  We cut taxes for parents trying to care for their children.  We cut taxes for 8 million Americans paying for college.”
2011: “Over the years, a parade of lobbyists has rigged the tax code to benefit particular companies and industries.  Those with accountants or lawyers to work the system can end up paying no taxes at all.  But all the rest are hit with one of the highest corporate tax rates in the world.  It makes no sense, and it has to change.
So tonight, I’m asking Democrats and Republicans to simplify the system.  Get rid of the loopholes.  Level the playing field.  And use the savings to lower the corporate tax rate for the first time in 25 years –- without adding to our deficit.  It can be done.”
2012: “Do we want to keep these tax cuts for the wealthiest Americans?  Or do we want to keep our investments in everything else – like education and medical research; a strong military and care for our veterans?  Because if we’re serious about paying down our debt, we can’t do both.”
BANKS
2010: “Look, I am not interested in punishing banks.  I’m interested in protecting our economy.  A strong, healthy financial market makes it possible for businesses to access credit and create new jobs. It channels the savings of families into investments that raise incomes.  But that can only happen if we guard against the same recklessness that nearly brought down our entire economy.”
2011: No mention
2012: “Tonight, I am asking my Attorney General to create a special unit of federal prosecutors and leading state attorneys general to expand our investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis. This new unit will hold accountable those who broke the law, speed assistance to homeowners, and help turn the page on an era of recklessness that hurt so many Americans. “
DEBT
2010: “Now, if we had taken office in ordinary times, I would have liked nothing more than to start bringing down the deficit.  But we took office amid a crisis.  And our efforts to prevent a second depression have added another $1 trillion to our national debt.  That, too, is a fact. I’m absolutely convinced that was the right thing to do.  But families across the country are tightening their belts and making tough decisions.  The federal government should do the same.”
2011: “Now that the worst of the recession is over, we have to confront the fact that our government spends more than it takes in.  That is not sustainable.  Every day, families sacrifice to live within their means.  They deserve a government that does the same.
So tonight, I am proposing that starting this year, we freeze annual domestic spending for the next five years.”
2012: “When it comes to the deficit, we’ve already agreed to more than $2 trillion in cuts and savings.  But we need to do more, and that means making choices.  Right now, we’re poised to spend nearly $1 trillion more on what was supposed to be a temporary tax break for the wealthiest 2 percent of Americans. “
GOVERNMENT
2010: “In this new decade, it’s time the American people get a government that matches their decency; that embodies their strength.”
2011: “We shouldn’t just give our people a government that’s more affordable.  We should give them a government that’s more competent and more efficient.  We can’t win the future with a government of the past.”
2012: “The greatest blow to confidence in our economy last year didn’t come from events beyond our control.  It came from a debate in Washington over whether the United States would pay its bills or not.  Who benefited from that fiasco?”
CHINA
2010: “Washington has been telling us to wait for decades, even as the problems have grown worse.  Meanwhile, China is not waiting to revamp its economy.  Germany is not waiting.  India is not waiting.  These nations — they’re not standing still.  These nations aren’t playing for second place.”
2011: “Nations like China and India realized that with some changes of their own, they could compete in this new world. And so they started educating their children earlier and longer, with greater emphasis on math and science.  They’re investing in research and new technologies.  Just recently, China became the home to the world’s largest private solar research facility, and the world’s fastest computer.
So, yes, the world has changed.  The competition for jobs is real.  But this shouldn’t discourage us.”
2012: “Tonight, I’m announcing the creation of a Trade Enforcement Unit that will be charged with investigating unfair trade practices in countries like China.  There will be more inspections to prevent counterfeit or unsafe goods from crossing our borders.  And this Congress should make sure that no foreign company has an advantage over American manufacturing when it comes to accessing finance or new markets like Russia.”

Romney gave 15% to Charity, Obama 1%, Biden $370



Democrats are never afraid to spend other peoples money, but they are stingy with their own money. There is a study done by a liberal finding if liberals were more charitable than conservatives. In amazement, the study showed conservative Republicans were more charitable than liberal Democrats. By the way, Democrat Vice-President Joe Biden gave $370 to charity in 2011.


(FoxNews)
Democratic presidential candidate Barack Obama and his wife Michelle gave $10,772 of the $1.2 million they earned from 2000 through 2004 to charities, or less than 1 percent, according to tax returns for those years released today by his campaign.
The Obamas increased the amount they gave to charity when their income rose in 2005 and 2006 after the Illinois senator published a bestselling book. The $137,622 they gave over those two years amounted to more than 5 percent of their $2.6 million income.
Romney charitable contributions 
Tax year    Taxable income          Charitable donations Donations as % of income
2010           $21.7 million                 $2.98 million                13.73%
2011 (est)   $20.9 million                $4 million                     19.14%




Monday, January 23, 2012

Obama and the GOP Establishment Want Romney in November


It should be note that Democrats and GOP establishment want Romney to go head to head with Obama in November. When the enemy supports a candidate, one can expect there is a reason behind it. Democrats understand Romney is weak against Obama. The president has enough ammo to discredit Romney. The GOP establishment will take a chance with Romney. Besides, the establishment doesn't care if Romney win or lose. The GOP establishment wants status quo to stay the same. Newt and the other candidates would alter the status quo.


(Breitbart) Democratic lawmaker sarcastically welcomed struggling Republican presidential hopeful Mitt Romney to Florida Sunday ahead of a critical primary, in a sign the White House is focused on taking him down more than rival Newt Gingrich.



Democratic National Committee chair Debbie Wasserman Schultz welcomed all four Republican candidates to her home state of Florida, which is next in line in the nominating contest, one day after Gingrich thumped longtime frontrunner Romney to win the South Carolina primary.

But she trained her taunts squarely at Romney -- just as her DNC committee has done for months -- belittling the former Massachusetts governor for squandering his lead in South Carolina and saying his campaign's economic themes were "cratering."

Romney is seen as the relative moderate of the four major Republican candidates battling for the right to square off against President Barack Obama in November's election.


While the party's core conservatives view him with suspicion, he has the support of establishment Republicans, and the White House clearly sees Romney as their greatest threat to Obama winning a second term.

Sunday, January 22, 2012

GOV'T MOTORS Volt Battery-Fire Investigation Closed by Gov't Regulators


Isn't it convenient for the government to stop investigating something they poured billions of dollars of tax payers money? It is hard to hide stupidity.
(Bloomberg) U.S. regulators, who ended their investigation yesterday into the Chevrolet Volt, said electric- powered vehicles do not pose a greater risk of fire than gasoline cars.
“Based on the available data, NHTSA does not believe that Chevy Volts or other electric vehicles pose a greater risk of fire than gasoline-powered vehicles,” the National Highway Traffic Safety Administrationsaid in an e-mailed statement.
The conclusion by NHTSA came two weeks after General Motors Co. (GM) told Volt owners to bring the vehicles to dealerships for repair.
The government started investigating the Volt after a side- impact crash test in May led to a fire three weeks later. During that test, the lithium-ion battery pack broke open and coolant leaked into the battery. When the car was physically rotated as part of the test, more coolant leaked into a circuit board, leading to a fire. NHTSA replicated the fire in November and started an official probe Nov. 25.

Friday, January 20, 2012

Obama Decision To Kill Keystone Reflects Broken Promises

Obama's Decision To Kill The Keystone Pipeline Reflects His Broken Promises To Create Jobs And Bring The Country Together 

MSNBC'S Joe Scarborough: "We haven't talked about one issue that on any other day we'd be talking about nonstop. A big policy decision yesterday by the Obama administration. I must say, I don't understand it for a lot of different reasons, but I'm going to let you guys comment on it. Keystone, the president killed the permitting for Keystone. And I'm just wondering, wouldn't this be a good issue for him to reach out to the middle on? Am I wrong about that?"



Time's Joe Klein: "No, the campaign this year is like the stupid Olympics. These guys -- Obama just made, I think, a very big mistake at a time when we have 9% unemployment, the one most important consideration in any political decision is jobs. And whether there are 2,500 jobs or 2,000 jobs, you go with it."
Scarborough: "What's the motivation inside the White House? Because the president -- the president wants to win independent voters. He wants jobs, he wants more energy. What is the hold up here?
Klein: "He wants his base."


Scarborough: "The base would not forgive him for this?"


Klein: "College campuses, there's a lot of environmental sentiment, this is a big issue."


Time's Mark Halperin: "I don't think it's purely political. I think the president doesn't think this is the right -- that the country's ready to make the decision, primarily because of safety concerns. But I think it is reflective of the fact he has not brought the country together on controversial issues which he promised to do." (MSNBC's "Morning Joe," 1/19/12)




WHAT OTHERS ARE SAYING ABOUT OBAMA'S MISGUIDED MOVE ON KEYSTONE


Chicago Tribune: "Obama made a decision that will deny the U.S. a reliable source of oil. Note that Canada has never threatened to block the Strait of Hormuz. Obama made a decision that will cost the U.S. good jobs. He seems to think those jobs will still be there when he gets around to making a decision on the pipeline. But they may well be gone for good." (Editorial, "Pipeline Politics: Misguided Obama Blocks Keystone Pipeline," Chicago Tribune, 1/19/12)


The Washington Post: "But, clearly, constructing the pipeline would still result in job gains during a sluggish economic recovery." (Editorial, "Obama's Keystone Pipeline Rejection Is Hard To Accept," The Washington Post, 1/18/12)


 The Washington Post: "We almost hope this was a political call because, on the substance, there should be no question. Without the pipeline, Canada would still export its bitumen -- with long-term trends in the global market, it's far too valuable to keep in the ground -- but it would go to China. And, as a State Department report found, U.S. refineries would still import low-quality crude -- just from the Middle East. Stopping the pipeline, then, wouldn't do anything to reduce global warming, but it would almost certainly require more oil to be transported across oceans in tankers." (Editorial, "Obama's Keystone Pipeline Rejection Is Hard To Accept," The Washington Post, 1/18/12)


Laborers' International Union of North America: "Instead of celebrating their victory by hugging a tree they should hug a jobless construction worker because they're the ones who are going to need it." (Laborers' International Union of North America , "Job-Killers, 2; American Workers, 0," Press Release, 1/18/12)


Laborers' International Union of North America Called Obama's Decision "Politics At Its Worst." "'The score is Job-Killers, two; American workers, zero. We are completely and totally disappointed. This is politics at its worst,' LIUNA General President Terry O'Sullivan said. 'Once again the President has sided with environmentalists instead of blue collar construction workers - even though environmental concerns were more than adequately addressed. Blue collar construction workers across the U.S. will not forget this.'" (Laborers' International Union of North America , "Job-Killers, 2; American Workers, 0," Press Release, 1/18/12)

Obama Kills Keystone Oil Pipeline Then Goes to Disney World


(Daily Caller) GOP leaders jumped on the news that President Barack Obama is stopping the Keystone XL Pipeline from Canada, and charged him with putting his political fortunes ahead of the good of the country.
In a tweet ostensibly directed at Obama, the National Republican Congressional Committee said, “U just turned ur back on 20k american workers & energy security what r u gonna do next? I’m going 2 Disney World.”
On Thursday, Obama is schedule to fly to Disney World — locared in the swing state of Florida — to tout new regulatory initiatives.
Former Massachusetts Gov. Mitt Romney also slammed the announcement, saying that ”Obama’s decision to reject the Keystone XL crude oil pipeline is as shocking as it is revealing.”
“If Americans want to understand why unemployment in the United States has been stuck above 8 percent for the longest stretch since the Great Depression, decisions like this one are the place to begin,” Romney said.
Reince Priebus, chairman of the Republican National Committee, declared that Obama “has sacrificed 20,000 American jobs and an affordable, secure energy source simply to please his liberal base.”
The pipeline was strongly opposed by environmental groups, whose members could provide dollars and volunteers to Obama’s re-election campaign.
“Today, Barack Obama proved he will say anything to save his job but do nothing to create jobs for the unemployed,” Priebus said. “America cannot afford four more years of misplaced priorities… We need a president who puts the interests of the American people ahead of the special interests.”

Top 6 Failed Obama Policies



THE STIMULUS

Obama's Stimulus Failed To Keep Unemployment Below 8 Percent As Obama Promised

Obama's $825 Billion Stimulus Failed To Keep The Unemployment Rate Below The 8 Percent And Is Nowhere Close To The 6 Percent They Predicted It Would Be At By Now. (Bureau Of Labor Statistics, Accessed 1/6/12; Christina Romer and Jared Bernstein, "The Job Impact Of The American Recovery And Reinvestment Plan,"1/9/09; Congressional Budget Office, 5/25/11)

Instead, Since The Stimulus Was Passed, The Unemployment Rate Has Increased From 8.2 Percent To 8.5 Percent And Has Remained Above 8 Percent For A Post-WWII Record 35 Straight Months. (Bureau Of Labor Statistics, Accessed 1/6/12)

The Unemployment Rate Peaked At 10.1 Percent In October 2009. (Bureau Of Labor Statistics, Accessed 1/6/12)

Obama's Stimulus Failed To Create The Over 3.5 Million Jobs That His Advisors Predicted It Would Create

PROMISE: Obama's Advisors Predicted That The Stimulus Would Create Over 3.5 Million Jobs And Raise Payroll Employment To Over 137.5 Million By The Fourth Quarter Of 2010. (Christina Romer and Jared Bernstein, "The Job Impact Of The American Recovery And Reinvestment Plan,"1/9/09)

FAILURE: Since President Obama's $825 Billion Stimulus Passed, The Nation Has Lost 1.1 Million Jobs. (Bureau Of Labor Statistics, Accessed 1/6/12)
At The End Of 2010, Payroll Employment Was Only 130.3 Million. (Bureau Of Labor Statistics, Accessed 1/6/12)
The Washington Post's Fact Checker: "Obama Is On Track To Have The Worst Jobs Record Of Any President In The Modern Era." "Unless the economy turns around in the next 18 months, Obama is on track to have the worst jobs record of any president in the modern era. That would be an accurate statement." (Glenn Kessler, "Rick Perry's Claim That Obama Has 'Killed More Jobs' Than Any Other President," The Washington Post's "The Fact Checker", 8/22/11)



OBAMACARE

On CBS' "60 Minutes", Obama Called His Health Care Package One Of His Major Accomplishments
CBS' Steve Kroft: "Why do you think you deserve to be reelected? What have you accomplished?"
President Obama: "Not only saving this country from a great depression, not only saving the auto industry, but putting in place a system in which we're going to start lowering health care costs and you're never going to go bankrupt because you get sick or somebody in your family gets sick." (CBS' "60 Minutes," 12/11/11)

Yet ObamaCare Has Failed To Make Health Insurance More Affordable

PROMISE: Obama Promised His Plan "Would Save The Average Family $2,500 On Their Premiums." (Sen. Barack Obama, Remarks Of Senator Barack Obama's Plan To Fight For Working Families And Take On Special Interests In Washington, Indianapolis, IN, 6/20/08)

FAILURE: FactCheck.org: ObamaCare Is Actually Making Health Care "Less Affordable." "At the moment, the new law is making health care slightly less affordable. Independent health care experts say the law has caused some insurance premiums to rise. As we wrote in October, the new law has caused about a 1 percent to 3 percent increase in health insurance premiums for employer-sponsored family plans because of requirements for increased benefits. Last year's premium increases cast even more doubt on another promise the president has made -- that the health care law would 'lower premiums by up to $2,500 for a typical family per year.'" (D'Angelo Gore, "Promises, Promises," Fact Check.org, 1/4/12)

The Washington Post's The Fact Checker: "Moreover, at this point it is debatable whether the law has made health care more affordable. Insurance premiums have gone up, in part because of new benefits mandated by the law." (Glenn Kessler, "The Fine Print In Obama's 'Promises Kept' Ad," The Washington Post's The Fact Checker, 1/6/12)

"The Cost Of Health Insurance Skyrocketed In 2011 After Several Years Of Relatively Small Increases." (Jane M. Von Bergen, "Health Insurance Costs Skyrocketing," The Philadelphia Inquirer, 9/27/11)

Workers Paid An Average Of $132 More For Family Coverage This Year. "Although premiums rose, employers kept the percentage of the premium workers pay about the same: An average of 18 percent for single coverage and 28 percent for family plans. Still, with rising costs, workers paid more, up an average of $132 a year for family coverage. Since 1999, the dollar amount workers contribute toward premiums nationally has grown 168 percent, while their wages have grown by 50 percent, according to the survey." (Julie Appleby, "Cost Of Employer Insurance Plans Surge In 2011," Kaiser Health News, 9/27/11)

Cost Of Single Employee Coverage Grew 8 Percent According To The Survey. "Family plan premiums hit $15,073 on average, while coverage for single employees grew 8 percent to $5,429, according to a survey released Tuesday by the Kaiser Family Foundation and the Health Research & Educational Trust. (KHN is an editorially-independent program of the foundation.)" (Julie Appleby, "Cost Of Employer Insurance Plans Surge In 2011," Kaiser Health News, 9/27/11)


And Americans Are Losing Their Coverage 

PROMISE: President Obama Promised That "If You Like Your Health Care Plan, You Will Be Able To Keep Your Health Care Plan. Period." OBAMA: "So let me begin by saying this: I know that there are millions of Americans who are content with their health care coverage - they like their plan and they value their relationship with their doctor. And that means that no matter how we reform health care, we will keep this promise: If you like your doctor, you will be able to keep your doctor. Period. If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what. My view is that health care reform should be guided by a simple principle: fix what's broken and build on what works." (President Barack Obama, Address To The American Medical Association, Chicago, IL, 6/15/09)

FAILURE: FactCheck.org: ObamaCare "Falls Short Of Making Health Care 'Affordable And Available To Every Single American,' As Promised." "Furthermore, the law falls short of making health care 'affordable and available to every single American,' as promised. The law provides subsidies to help some Americans buy insurance, expands Medicaid and doesn't allow insurance companies to exclude persons with preexisting conditions. But still, the director of the nonpartisan Congressional Budget Office projected 23 million persons will remain uninsured -- some because they can't afford coverage." (D'Angelo Gore, "Promises, Promises," Fact Check.org, 1/4/12)

FactCheck.org: The White House Ad Promising Medicare "Benefits Will Remain The Same" Is False. "Currently, about 1 in every 4 Medicare beneficiary is enrolled in a Medicare Advantage plan. For many of them, the words in this ad ring hollow, and the promise that 'benefits will remain the same' is just as fictional as the town of Mayberry was when Griffith played the local sheriff." (Brooks Jackson, "Mayberry Misleads On Medicare," FactCheck.org, 7/31/10)

The Washington Post's The Fact Checker: "Not Every Single American" Has Health Coverage As Obama Promised. "No matter what one thinks of Obama's health care law, it was certainly a signature legislative achievement--the most sweeping health care law since the creation of Medicare. But notice that Obama said he would bring health care to 'every single American,' but the headline simply says 'more than 30 million Americans.' That translates into 95 percent of nonelderly Americans--when the law is fully implemented in 2016. That is certainly an increase over the 82-percent level that would have been expected in the absence of the law, but it is not 'every single American.'" (Glenn Kessler, "The Fine Print In Obama's 'Promises Kept' Ad," The Washington Post's The Fact Checker, 1/6/12)

A Survey Found That Only 60 Percent Of Employers Offered Medical Coverage This Year, A 9 Percent Decrease From 2010. "Sixty percent of employers said they offered medical benefits this year, a decrease from 69 percent in 2010." (Jeffrey Young, "Health-Benefit Costs Rise Most In Six Years," Bloomberg, 9/27/11)



GREEN JOBS

"The Obama Administration Has Managed The Nearly Impossible Feat Of Turning Energy Policy Into A Money Loser, Pouring Taxpayer Dollars Into Green-Energy Busts Like Solyndra."(Editorial, "The Non-Green Job Boom," The Wall Street Journal, 11/28/11)
Obama Predicted His Investments In Green Energy Would Create 5 Million Jobs

PROMISE: In 2008, Then-Senator Obama Claimed His Investments In Green Energy Would Create 5 Million New Jobs. OBAMA: "And I'll invest $150 billion over the next decade in affordable, renewable sources of energy -- wind power, and solar power, and the next generation of biofuels -- an investment that will lead to new industries and 5 million new jobs that pay well and can't be outsourced."(Sen. Barack Obama, Acceptance Speech Remarks At The Democratic National Convention, Denver, CO, 8/28/08)

FAILURE: The Failure Of Obama's Green Jobs Programs "Gets More Embarrassing By The Day." "The green jobs subsidy story gets more embarrassing by the day. Three years ago President Obama promised that by the end of the decade America would have five million green jobs, but so far some $90 billion in government spending has delivered very few." (Editorial, "Green Jobs Brown Out," The Wall Street Journal, 10/11/11)

"The Green Economy Is Not Proving To Be The Job-Creation Engine That Many Politicians Envisioned." "In the Bay Area as in much of the country, the green economy is not proving to be the job-creation engine that many politicians envisioned. President Obama once pledged to create five million green jobs over 10 years. Gov. Jerry Brown promised 500,000 clean-technology jobs statewide by the end of the decade. But the results so far suggest such numbers are a pipe dream." (Aaron Glantz, "Number Of Green Jobs Fails To Live Up To Promises," The New York Times, 8/18/11)

Green Technology Jobs Account For Just 2 Percent Of Employment Nationwide. "A study released in July by the non-partisan Brookings Institution found clean-technology jobs accounted for just 2 percent of employment nationwide and only slightly more -- 2.2 percent -- in Silicon Valley. Rather than adding jobs, the study found, the sector actually lost 492 positions from 2003 to 2010 in the South Bay, where the unemployment rate in June was 10.5 percent." (Aaron Glantz, "Number Of Green Jobs Fails To Live Up To Promises," The New York Times, 8/18/11)

"Federal And State Efforts To Stimulate Creation Of Green Jobs Have Largely Failed." "Federal and state efforts to stimulate creation of green jobs have largely failed, government records show. Two years after it was awarded $186 million in federal stimulus money to weatherize drafty homes, California has spent only a little over half that sum and has so far created the equivalent of just 538 full-time jobs in the last quarter, according to the State Department of Community Services and Development." (Aaron Glantz, "Number Of Green Jobs Fails To Live Up To Promises," The New York Times, 8/18/11)

The Energy Department Has Handed Out $35.2 Billion From The Stimulus, But The Clean Energy Industry Has "Yet To Provide The Boost Many Had Hoped For." "The Energy Department handed out $35.2 billion from the Recovery Act for energy efficiency and other initiatives. At the time, clean energy was seen as a potentially powerful industry for job creation. But the industry has yet to provide the boost many had hoped for." (Vauhini Vara, "Red Flags For Green Energy," The Wall Street Journal, 10/12/11)

Despite Soaring Promises From Obama And His Allies, Green Energy Has Barely Taken Flight And Has Failed To Create Jobs. "New clean-energy sources could address environmental, economic and national security problems all at once. In his 2008 convention speech, Barack Obama promised to create five million green economy jobs. The U.S. Conference of Mayors estimated in April 2009 that green jobs could account for 10 percent of new job growth over the next 30 years. Alas, it was not to be." (David Brooks, "Where The Jobs Aren't," The New York Times, 9/5/11)

"There's A Wealth Of Other Evidence To Suggest That The Green Economy Will Not Be A Short-Term Jobs Machine. According To Investor's Business Daily, Executives At Johnson Controls Turned $300 Million In Green Technology Grants Into 150 Jobs -- That's $2 Million Per Job." (David Brooks, "Where The Jobs Aren't," The New York Times, 9/5/11)

The Energy Department's Loan Program Has Fallen Far Short Of The 65,000 Jobs That It Said It Would Create

"In The Understatement Of The Year, The IG Says The Program Failed To 'Assist Those Most Impacted By The Recession." "A new report by the Labor Department's Office of Inspector General examined a $500 million grant under the stimulus program to the Employment and Training Administration to 'train and prepare individuals for careers in 'green jobs.'' So far about $162.8 million has been spent. The program was supposed to train 125,000 workers, but only 53,000 have been 'trained' so far, only 8,035 have found jobs, and only 1,033 were still in the job after six months. Overall, 'only 10% of participants entered employment.' In the understatement of the year, the IG says the program failed to 'assist those most impacted by the recession.'" (Editorial, "Green Jobs Brown Out," The Wall Street Journal, 10/11/11)

Obama's $38 Billion Green Energy Stimulus Program Only Has A Few Thousand Jobs To Show For It. "A $38.6 billion loan guarantee program that the Obama administration promised would create or save 65,000 jobs has created just a few thousand jobs two years after it began, government records show. The program -- designed to jump-start the nation's clean technology industry by giving energy companies access to low-cost, government-backed loans -- has directly created 3,545 new, permanent jobs after giving out almost half the allocated amount, according to Energy Department tallies." (Carol D. Leonnig and Steven Mufson, "Obama Green-Tech Program That Backed Solyndra Struggles To Create Jobs," The Washington Post, 9/14/11)

"The Jobs Record Is Even More Dismal When You Consider That Many Of The Jobs Classified As Green Aren't Even New Jobs, Much Less Green." "The jobs record is even more dismal when you consider that many of the jobs classified as green aren't even new jobs, much less green, according to a report from the House Committee on Oversight and Government Reform. They include positions that have been 'relabeled as green jobs by the BLS [Bureau of Labor Statistics].'" (Editorial, "Green Jobs Brown Out," The Wall Street Journal, 10/11/11)

The Cost Of Each Green Job Is $157,000. "This means that bus drivers, Environmental Protection Agency regulators, university professors teaching ecology, and even the Washington lobbyists who secure energy loan guarantees count as green employees for the purposes of government counting. The Oversight Committee finds that even a charitable assessment of the Labor program puts the cost of each green job at $157,000." (Editorial, "Green Jobs Brown Out," The Wall Street Journal, 10/11/11)



HOME FORECLOSURES

PROMISE: President Obama Promised That His Housing Program Would Prevent 7 To 9 Million Families From Foreclosure. "And we will pursue the housing plan I'm outlining today. And through this plan, we will help between 7 and 9 million families restructure or refinance their mortgages so they can afford--avoid foreclosure." (President Barack Obama, Remarks On The Home Mortgage Industry In Mesa, Arizona, 2/18/09)

FAILURE: Obama Has Only Helped 1.7 Million Avoid Foreclosure Of The 9 Million Homeowners He Promised. "President Obama pledged at the beginning of his term to boost the nation's crippled housing market and help as many as 9 million homeowners avoid losing their homes to foreclosure. Nearly three years later, it hasn't worked out. Obama has spent just $2.4 billion of the $50 billion he promised. The initiatives he announced have helped 1.7 million people." (Zachary A. Goldfarb, "Obama's Efforts To Aid Homeowners, Boost Housing Market Fall Far Short Of Goals," The Washington Post, 10/23/11)

The Administration's Foreclosure Prevention Programs "Have Had Little Impact On The Overall Housing Sector." "The administration is already using taxpayer funds from its $700 billion bank bailout program to help prevent foreclosures and give struggling Americans a reprieve on their mortgage payments. But the programs have had little impact on the overall housing sector." ("White House Says Needs To Deal With Housing Problems," Reuters, 6/5/11)

"To Date, Administration Programs Have Permanently Reduced The Debt Of Just One Tenth Of 1 Percent Of Underwater Borrowers." (Zachary A. Goldfarb, "Obama's Efforts To Aid Homeowners, Boost Housing Market Fall Far Short Of Goals," The Washington Post, 10/23/11)

Obama's Housing Programs "Dramatically Underperformed" This Summer At The White House, Obama Offered A Rare Acknowledgment That His Response To The Housing Crisis Had Fallen Short." (Zachary A. Goldfarb, "Obama's Efforts To Aid Homeowners, Boost Housing Market Fall Far Short Of Goals," The Washington Post, 10/23/11)

Obama Said That Housing Has Been The "Most Stubborn In Us Trying To Solve The Problem." "Asked what mistakes he had made in handling the recession and what he would do differently, he said: 'We had to revamp housing several times to try and help people stay in their homes and try to start lifting home values up. Of all the things we've done, that's probably been the area that's been most stubborn in us trying to solve the problem.'" (Zachary A. Goldfarb, "Obama's Efforts To Aid Homeowners, Boost Housing Market Fall Far Short Of Goals," The Washington Post, 10/23/11)

President Obama Said "I'll Be Honest With You, [Housing] Is Probably The Biggest Drag On The Economy Right Now." "'I'll be honest with you, this is probably the biggest drag on the economy right now,' Obama replied to a questioner at an economic forum in Palo Alto, Calif., who lamented that the 'housing crisis will not go away.'" (Abby Phillip, "Housing Crisis Back On President Obama's Agenda," Politico, 7/11/11)

Treasury Secretary Geithner: "But Our Programs Have Dramatically Underperformed What We Thought. ... We Are Very Disappointed And Frustrated By It And We Have A Lot Of Challenges Ahead." (Treasury Secretary Timothy Geithner, Testimony Before The House Financial Services Committee, Washington, D.C., 10/6/11)



DEFICIT SPENDING

Obama Promised To Cut The Deficit In Half, But Has Failed To Even Present A Plan That Would Bring The Deficit To Those Levels

PROMISE: Obama Pledged To Cut The Deficit In Half By The End Of His First Term. OBAMA:"And that's why today I'm pledging to cut the deficit we inherited by half by the end of my first term in office." (President Barack Obama, Remarks At The Fiscal Responsibility Summit, Washington, D.C., 2/23/09)
"President Barack Obama Plans To Cut The U.S. Budget Deficit To $533 Billion By The End Of His First Term ..." (Hans Nichols, "Obama Plans To Reduce Budget Deficit To $533 Billion By 2013," Bloomberg, 2/21/09)

One White House Official Told Politico "We'll Cut It At Least In Half." "Under White House projections, this year's inherited budget deficit of $1.3 trillion will be cut to $533 billion by fiscal year 2013, the end of the first term. 'So we'll cut it at least in half,' the official said." (Mike Allen, "Obama Vows To Cut Huge Deficit In Half," Politico, 2/22/09)

FAILURE: Even If Every Part Of Obama's Deficit Reduction Proposal Was Enacted, The Deficit At The End Of His First Term Would Still Be $1.33 Trillion, Over Double What He Promised. ("The President's Plan For Economic Growth And Deficit Reduction; Table S-3," Office Of Management And Budget, 9/19/11)
Politifact: "Obama Made A Pledge To Cut The Deficit In Half By The End Of His First Term. And He's Falling Short So Far." (Gregory Trotter, "Tim Pawlenty Says President Obama Is Going To Break Promise On Deficit And Will Double It," Politifact, 6/10/11)

Treasury Secretary Timothy Geithner Said Even If Congress Enacted The President's Budget "We Would Still Be Left With A Very Large Interest Burden And Unsustainable Obligations Over Time." (Treasury Secretary Timothy Geithner, Remarks Before Senate Budget Committee, Washington, D.C., 2/17/11)
In Doing So The "Undisputed Debt King" Has Put The Economy At Risk

At $15.22 Trillion, The National Debt Has Officially Surpassed 100 Percent Of GDP. (Treasury Direct, Accessed 1/3/12; Bureau Of Economic Analysis, Accessed 1/3/12)

The Nation's GDP Is $15.18 Trillion. (Bureau Of Economic Analysis, Accessed 1/3/12)

Politifact: "Obama Is The Undisputed Debt King Of The Last Five Presidents." "So by this measurement -- potentially a more important one -- Obama is the undisputed debt king of the last five presidents, rather than the guy who added a piddling amount to the debt, as Pelosi's chart suggested." ("Nancy Pelosi Posts Questionable Chart On Debt Accumulation By Barack Obama, Predecessors," Politifact, 5/19/11)

"By The Time The Next Election Rolls Around, The Government Will Have Taken On Almost $7 Trillion In Debt Under Obama. It's Hard To Explain Away A Number So Big." "For that reason alone, it is unimaginable that debt doesn't become an even bigger issue in the presidential election. The size-of-government spat is a hard one for the president to win. By the time the next election rolls around, the government will have taken on almost $7 trillion in debt under Obama. It's hard to explain away a number so big." (Jim VandeHei and Mike Allen, "President Obama's Big Drags," Politico, 8/4/11)

By The Next Election Obama Will Have Added "$22,500 In New Debt For Every Man, Woman And Child In The Nation." (Jim VandeHei and Mike Allen, "President Obama's Big Drags," Politico, 8/4/11)

The Government Is In A Debt Trap That Could Be Fueling The Recession. "Our recession may be driven, at this point, by the balance sheet of the government. Repairing that balance sheet by lowering spending may be the only way out of the debt trap. Call it the New Paradox of Thrift: the government can stimulate growth only by refusing to borrow. We need thrift all the way down." (John Carney, "From Jackson Hole: A Defense Of The Debt Ceiling," CNBC, 8/29/11)

CBO Director Douglas Elmendorf: Growing Debt Increases Risk Of "Sudden Fiscal Crisis." "Growing debt also would increase the probability of a sudden fiscal crisis, during which investors would lose confidence in the government's ability to manage its budget and the government would thereby lose its ability to borrow at affordable rates." (Douglas Elmendorf, "CBO's 2011 Long-Term Budget Outlook," Congressional Budget Office "Director's Blog", 6/22/11)