Republicans continue to get rid of the dead wood in their party – the Murkowski clan is the latest sent to the dumper by Sarah Palin and Tea Party forces. What used to be the great Democratic Party continues to shrug shoulders and surrender to the corrupt forces that declared this to be “Obama’s time”. Obama? He’s having a great ol’ time vacationing while the country burns.
And the jobs? Where are the jobs? Obama promised that if his “stimulus” scam was passed unemployment would not rise beyond 8.5%. That was a lot of scams and a lot of Hope ago.
The Obama “stimulus” scam passed in 2009 and the excuse from B.O.T.s (Barack Obama Thugs) now is that ‘well, maybe we were too optimistic and should not have said that’. But the never ending Obama excuse machine has a lot of ‘splaining to do. A few months ago, in April 2010 “Nobody messes with Joe” Biden promised more Hope for Change. Remember that scam? We do:
“Some time in the next couple of months we’re going to be creating between 250,000 jobs a month and 500,000 jobs a month,” Biden said at a fundraiser today in Pittsburgh.
Next month, Biden predicted, the nation’s employers will add between 100,000 to 200,000 jobs to their payrolls. [snip]
“We caught a lot of bad breaks on the way down,” Biden said. “We’re going to catch a few good breaks because of good planning on the way up.”
Good planning???? This is what they call good planning – waste of trillions of dollars, higher deficits, nation-devouring debt, and no jobs? And Joe said this recently in full knowledge of how badly the Obama scams, plans, and promises have fallen short.
Before we continue with our autopsy of the Obama Economy of Doom, a very brief discussion of our introductory paragraph is appropriate. First Sister Sarah then the original Mama Grizzly – Hillary.
This year in state after state Republican activists and disgusted Tea Party members are cleaning their barn. While we can disagree on the aims and ideology which drives Sarah Palin and the Tea Party what we admire is that they are doing what the “professional left” is incapable of doing – cleaning out their own barn of the stench in the Republican Party as they smell it.
The latest victory for Sarah Palin and the Tea Party, however it eventually turns out, is the shocking results from Alaska last night. Sarah Palin and the Tea Party activists supported a candidate without any real money, who was outspent tenfold, who was 20 to 30 points down in the polls. He is currently ahead as the few remaining votes to be counted indicate he will win the primary and eventually become a U.S. Senator from Alaska.
In contrast, at a Bill Clinton birthday party, we had this revealing comment from Jon Corzine, the recent loser to Republican Chris Christie in blue state New Jersey:
“…as former New Jersey Senator John Corzine looked on wistfully. “I just wish,” Corzine said shaking his head, “I mean I knew — she would have been able to handle this Congress… but it was just Obama’s time.”
What fatalistic bunk! Instead of fighting for what America needed the once great Democratic Party surrendered to the worse of Chicago politics and a Democratic establishment that thought they knew better than the voters. Disgusting.
Bill Clinton also had something interesting to say about what is going on in the White House. Regarding Rahm Emanuel, the former Clinton White House aide that Hillary bounced into the basement when he screwed up repeatedly. Bill said:
“Before dancing with his wife, the former president, still as passionate about saving the world as a Yale undergrad, engaged in a spirited conversation about the need for focus on “micro-economics — not macro economics. Rahm is great on micro,” he said, referring to White House Chief of Staff Rahm Emanuel, “But he’s tied up on politics.”
Rahm Emanuel along with all the former Clinton aides in the world will not save Barack Obama’s mess of an administration. The problem is Barack Obama. If Hillary Clinton was in charge Rahm and the other stumbling former aides would be back in the basement or out in the street clattering tin cups against the White House fence.
While Hillary Clinton and other Americans work hard every day, take only short breaks at night from work, where was Obama? David Letterman, the Obama fluffer and Sarah Palin and Hillary Clinton hater, had something to say:
“A storm that curtailed outdoor activities for much of President Barack Obama’s vacation was forecast to end Wednesday, but he said he’s been able to fight off cabin fever.
Not only has he been able to sneak in two rounds of golf, but he told reporters Tuesday he’s “doing a lot of reading” at the farm compound he’s rented for the first family. “I’m having a great time,” he said.
The president made the remarks, his first in public since heading out on vacation last week, as he escorted first lady Michelle Obama from the State Road restaurant.
Obama has faced some criticism for his latest vacation, his sixth since taking office. At a time when painful unemployment numbers continue to bear down on the tattered economy, many are frustrated that the nation’s leader is enjoying another luxurious trip. On CBS’ “The Late Show” Tuesday night, David Letterman took a jab at the president, saying: “He’ll have plenty of time for vacations after his one term is up.” [snip]
The Obamas are scheduled to remain on vacation until Sunday, when the president heads to New Orleans to check on the gulf oil spill cleanup and to mark the fifth anniversary of Hurricane Katrina.”
While Barack Obama is having a great time with his sleeve amputating wife what is happening in America?
One thing we know is that Obama Dimocrats are running away or hiding from the legislation they once so proudly passed and trumpeted:
“Say you’re a Democratic member of Congress. You proudly cast your vote for Obamacare, you cheered when House Speaker Nancy Pelosi hailed it as the achievement of a generation and you scoffed at Republicans who vowed to repeal it. Now you’re running for re-election, and a voter asks: What is the most important thing you’ve done in the last two years?
The answer should be easy. In passing the national health care bill, you accomplished something your party dreamed of for decades. It was your most important vote, and now is the time to take credit for it.
Except it’s not.
Recently a number of top Democratic strategists conducted focus groups in Las Vegas, Charlotte, Philadelphia and St. Louis. They also conducted a national poll of 1,000 likely voters and an online poll of 2,000 more likely voters. They wanted to measure the public’s feelings about Obamacare and help Democrats make an effective case for the bill they passed in March.
The researchers found what they call a “challenging environment,” which is a nicer way of saying “disaster in the making.” Voters simply aren’t buying the Democratic case that health care reform will insure more than 30 million currently uninsured people and save money at the same time. And when they think about their own health care, people worry that reform will mean less, not more, availability of care, and at a higher cost.
Faced with that bad news, the pollsters came up with several recommendations for Democratic candidates. When talking about Obamacare, Democrats should “keep claims small and credible.” They should promise to “improve” the law. They should avoid talking about policy and stick to “personal stories” of people who will benefit from Obamacare. And above all, the pollsters advise, “don’t say the law will reduce costs and deficit.”
It’s a stunning about-face for a party that saw national health care as its signature accomplishment.”
Obama’s health care scam was sold as a way to “bend the cost curve”. No longer.
“This legislation will … lower costs for families and for businesses and for the federal government, reducing our deficit by over $1 trillion in the next two decades,” President Obama said when he signed the bill into law on March 23. Now, Democrats are throwing that argument out the window.”
After bloating the profits of Big Insurance and Big PhaRma, at the expense of the American taxpayer who are now threatened with the IRS as the Frank Nitti enforcer, Obama Dimocrats expose themselves fully as the corrupt entity they are.
And jobs? Where are the jobs Joe? Where are the jobs Barack? The only jobs safe are those of Obama courtiers such as the chef which accompanies the Obama’s on their latest luxurious Martha’s Vineyard vacation and the seamstresses and staff attending Lady of Spain Michelle Obama.
Where are the jobs? The jobs are going, going, gone – in large part because of Barack Obama. It’s ‘Relapse Summer” not “Recovery Summer”. And what do Americans get from the White House? Words, words, words – according to Barney Frank:
“The 2009 stimulus package is so unpopular that Democrats have banned the word from their campaign vocabulary. “I’m not supposed to call it stimulus,” Rep. Barney Frank told the “Daily Show’s” Jon Stewart. “The message experts in Washington have told us that we’re supposed to call it the recovery plan.”
“I’m puzzled by that,” Frank went on. “Most people would rather be stimulated than recover.” The problem is, the economy has neither been stimulated nor has it recovered.”
No stimulus, no recovery, no nothing. That’s not what Barack said:
“Recovery summer, opposition to Arizona’s immigration law, negative campaigning, and intervention in the Ground Zero mosque dispute—call them Obama’s Four Disasters. As policy, they’re questionable. As political exercises, they’re losers. As clues about Obama, they’re evidence he’s lost his political knack.
What was Obama thinking? These weren’t initiatives taken suddenly. They were carefully thought out and plotted, no doubt in expectation the president would gain politically and so would Democratic candidates. Whatever calculations the White House made, they were faulty.
Recovery summer. This was proclaimed in June, with fanfare, in a briefing by Vice President Biden and the issuance of a report titled “Summer of Recovery: Project Activity Increases in Summer 2010.” The report said “millions of Americans [are] on the job today thanks to the Recovery Act”—better known as the “stimulus package”—but its work is not done. “Summer 2010 is actually poised to be the most active Recovery Act season yet.”
Where are the jobs, Barack? No disinformation campaign is going to help, no attempt to tar the opposition with bogus “extremism” charges or race-baiting (Obama Dimocrat Alvin Greene is now race-baiting the “racist” Obama Dimocrats!) is going to work. No amount of attacks on Jews and Holocaust survivors is going to work. No amount of money (look to Alaska) raised, or thuggery unleashed, is going to save Obama and his Dimocrats from the wrath to come in November.
“Sen. Michael Bennet’s recent appearance in Greeley, Colorado is sure to set political tongues wagging–Bennet is quoted as saying that though trillions of dollars of Federal debt has been incurred through spending since he was appointed to the Senate in January of 2009, “we have nothing to show for it”:
Michael Bennet, D-Colo,at a town hall meeting in Greeley last Saturday, Aug 21 said we had nothing to show for the debt incurred by the stimulus package and other expenditures calling the recession the worst since the Great Depression. […]
Regarding spending during his time in office he said, “We have managed to acquire $13 trillion of debt on our balance sheet” and, “in my view we have nothing to show for it.”
What is happening to America while Obama vacations with Lady of Spain Michelle? Even in Big Media Obama fluffer outlets the Obama Economy of Doom is discussed:
“Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday.
Writing in his daily briefing to investors, Rosenberg said the Great Depression also had its high points, with a series of positive GDP reports and sharp stock market gains.
But then as now, those signs of recovery were unsustainable and only provided a false sense of stability, said Rosenberg.
Rosenberg calls current economic conditions “a depression, and not just some garden-variety recession,” and notes that any good news both during the initial 1929-33 recession and the one that began in 2008 triggered “euphoric response.”
“Such is human nature and nobody can be blamed for trying to be optimistic; however, in the money management business, we have a fiduciary responsibility to be as realistic as possible about the outlook for the economy and the market at all times,” he said.
The 1929-33 recession saw six quarterly bounces in GDP with an average gain of 8 percent, sending the stock market to a 50 percent rally in early 1930 as investors thought the worst had passed.
“False premise,” Rosenberg said. “And guess what? We may well be reliving history here. If you’re keeping score, we have recorded four quarterly advances in real GDP, and the average is only 3%.”
Rosenberg is not alone:
“Rosenberg’s warning comes as a slew of major analysts—Goldman Sachs and JPMorgan among them—have slashed GDP projections for 2010 to the 1.5 to 2 percent range.
Chicago Federal Reserve President Charles Evans said in a speech Tuesday that the risk of a double-dip recession has escalated. He said government programs to help distressed homeowners have been ineffective and aren’t helping the pivotal housing sector recover.
The dour outlooks come on the same day that the National Association of Realtors said home sales reached a 15-year low in June, dousing hopes that the industry had reached a bottoming point.
Rosenberg points out that the “overall economic malaise” has come despite aggressive efforts by the Federal Reserve to stimulate the economy through rate cuts. The central bank itself has scaled back its economic projections, has held steady on its balance sheet, and could be announcing another round of quantitative easing measures at its Jackson Hole summit this week.
“How’s that for a reality check,” Rosenberg said.”
Thousands of infrastructure and construction projects funded by the American Recovery and Reinvestment Act were to come on-line during June, July and August, helping to “create jobs for American workers and economic growth for businesses, large and small.”
The White House dubbed it “Recovery Summer” and President Obama declared the economy had begun “growing at a good clip.” Vice President Joe Biden predicted weeks earlier that creation of 250,000 to 500,000 new jobs a month could soon be on the horizon.
But with summer quickly coming to an end, those jobs gains and a robust economic recovery have not yet materialized, leaving Democrats on the verge of a fall election campaign in which Republicans are poised to make them eat their words.“
How bad is it while Obama vacations with Lady of Spain Michelle?
“Sales of previously occupied homes in the United States fell 27 percent in July, the weakest showing in 15 years, the National Association of Realtors said Tuesday. It was the largest monthly drop in the four decades that records have been kept.”
“The nation’s economic recovery continued to sputter in July as employers kept shedding jobs and 181,000 discouraged workers dropped out of the labor force, according to a government report released Friday.
The nation’s unemployment rate remained at 9.5 percent for the month, the Labor Department said, as private employers added a modest 71,000 jobs. But that increase was overwhelmed by the loss of 202,000 government jobs, including 143,000 temporary census positions.
In all, employers cut 131,000 jobs, adding to mounting concern among policymakers and analysts that the recovery needs to pick up momentum or risk stalling.
“The road ahead is uncertain, but what is crystal clear is that if we don’t see significant job growth by the end of the year, the economy could be in serious trouble,” said Bill Cheney, chief economist for John Hancock Financial.”
“HAMP might well have been a success in the ways that Treasury enumerates — helping out banks on the solvency front, reducing the rate of foreclosures, that sort of thing. It was almost certainly a good idea politically, as well: you don’t hear much about the plight of homeowners being foreclosed upon, these days, certainly compared to the huge amount of noise on the subject around the time that Obama was elected president. The government is perceived to have Done Something, and the circus has moved on.
But it’s still a tragedy that hundreds of thousands of people who signed up for loan modifications — and who made all of their modified loan payments in full and on time — have had their modifications cancelled. Many of those people blame the servicers; Treasury, meanwhile, is more prone to blaming the borrowers themselves, claiming they’re incapable of verifying their income.”
In spite of the suffering the Obama scams continue to try to fool all of the people all of the time:
“Biden conceded that the economic recovery was not proceeding as fast as the administration had hoped, but claimed there was “no doubt we’re moving in the right direction.”
“Moving in the right direction”? Joe must mean the vacation direction to Martha’s Vineyard. The Obama Economy of Doom is on main street and every street in bitter and clingy small town America and is now hitting Wall Street:
“The Richmond branch of the Federal Reserve’s gauge of manufacturing activity for the US’s mid-Atlantic region fell by nearly a third, and sales of existing homes fell 27.2 per cent in July – to the lowest level for 15 years – well past consensus expectations of a 12 per cent decline.
“There has been a double dip in home sales and housing construction, triggered by the weakening economic backdrop,” said Ethan Harris, head of developed markets economics research at Bank of America Merrill Lynch, in a note.[snip]
Last week, the Philadelphia branch’s own index of factory activity slipped to negative levels and sparked a multi-day sell-off, as it augured a potential dip in the August reading of the broader Institute of Supply Management’s index. The Chicago Fed’s index is due next week.
“Things appear to have come to a head…with markets braced at the edge of a precipice ahead of key US economic data likely to further unnerve investors already concerned by the extent of impending slowdown,” said Andrew Wilkinson, senior market analyst at Interactive Brokers.”
The Obama Economy of Doom is a great Hindenburg crashing:
“The Hindenburg Omen reared its ugly head late last week, signaling more doom and gloom as stocks plod along amid the dog days of summer.
The Omen, a technical indicator which uses a plethora of data to foreshadow a stock-market crash, was tripped again on Friday, marking the second time since Aug. 12 it has occurred. (It also came close on Thursday, but one of its criteria fell short.)
The latest trigger has prompted the Omen’s creator, Jim Miekka, to exit the market. “I’m taking it seriously and I’m fully out of the market now,” Miekka, a blind mathematician, said in a telephone interview from his home in Surry, Maine. “I would’ve probably stayed in until the beginning of September,” depending on how the indicators varied. “That was my basic plan, until the Hindenburg came along.”
The Hindenburg Omen is economics is akin to the disaster many of us foresaw politically with the rise of Barack Obama and his Dimocrats of Doom and Corruption:
“It’s sort of like a funnel cloud,” he said. “It doesn’t mean it’s going to crash, but it’s a high probability. You don’t get a tornado without a funnel cloud.”
Wall Street celebrated when Barack Obama back-slapped at high dollar donor events. But Wall Street cannot survive without Main Street and those “bitter and clingy” small town Americans:
“The Dow Jones Industrial Average will lose about half of its value over the next couple of years as it follows a Nikkei-like pattern of several sharp rallies in an overall decline, according to Charles Nenner, founder and president of Charles Nenner research.
Stocks are currently in a bear-market rally, and looking at charts and past trends, unemployment and leading indicators suggest the Dow will drop to 5,000 in the next two to two-and-a-half years, Nenner told CNBC in an e-mail.” [snip]
“Things look really bad for the next 10 years,” Nenner said.”
But don’t worry “bitter” and “clingy” Americans – Obama is having a great time.