Why do I compare Obama’s economy to the so-called “Arab Spring”? Think back: when the Arab world first began rioting, the liberal-dominated mainstream media coined it “the Arab Spring.” It was a wonderful thing, they claimed. It was the Arab world blossoming under Obama and claiming “democracy.”
We now know in hindsight that that was all a giant wave of lies coming from both the Obama White House and his Joseph Goebbels’-style media propaganda machine (see also here and then see here). We’ve seen close historic U.S. allies topple to the Muslim Brotherhood; we’ve seen an embrace of sharia law from these “democrats”; we’ve seen blood baths of vicious war.
And of course we saw an Obama who claimed credit for that “Arab Spring” (see also here) only to blame everything else instead when it went to hell.
And that’s the way it has been with Obama’s economy. Over and over again, he took credit for it – only to proceed to demonize the very thing he had taken credit for as he blamed Republicans for the failure of what he had promised would be a success.
Remember that term “green shoots”? Obama promised that a turnaround was just around the corner, hyped the “green shoots” of his stimulus and promised that happy days were returning?
His false promises are now an annual event. Let me go back to one year ago to May 2012:
As Economy Sputters, Obama Tries Distraction
Posted 05/02/2012 06:56 PM ET
Economy: It’s no wonder President Obama wants to direct everyone’s attention to far-off Afghanistan these days. The economic news here at home is looking increasingly grim.
Just 28 days after Time magazine ran an April 2 cover story boasting that “in the past few weeks, signs of economic expansion have been everywhere” it warned that “the economy might be stalling.”
The article pointed to “disappointing” news that Q1 GDP had climbed just 2.2% — below expectations — and job growth in March was 120,000, also a miss.
Now, two more troubling signs have emerged. The government reported on Wednesday that new factory orders fell 1.5% in March, the steepest drop since March 2009, when the country was still in recession.
Then ADP reported that private employment climbed just 119,000 in April — the smallest gain in seven months and also far below expectations. The April employment report comes out Friday, which economists think will show an unimpressive 160,000 job gain.
Seems that, once again, all the talk about “green shoots” and “turning the corner” and reaching “escape velocity” are just more false hopes.
Instead, we’re starting to get another round of economic reports that contain “unexpectedly” bad news.
I wrote about Obama’s bogus “green shoots” a year before that in June 2011. And cited articles from 2010 and 2009 where Obama had made the same bull crap promises with the same economic tank coming after he made those promises. Oh, after the mockery of his “green shoots,” he came up with a different term that meant the same thing, such as “recovery summer.” But it’s been the same promise that Lucy keeps making to Charlie Brown. And unfortunately the American people were as naive and as stupid as Charlie Brown in believing that Obama really would hold the economic football so we could kick it into the air. Again. And again.
Was sequestration to blame for the economic plunge last May?
Now we’re at a job creation level that made last year’s miserable job creation level look wonderful in comparison. But it’s too late to do anything about it, American fools: you voted for it. And you deserve it and a lot worse just as you’ll eventually be getting the eternity in hell that you deserve.
The liberal-owned financial world that contributed to much to Obama’s reelection (Goldman Sachs, Bank of America, JP Morgan) predicted we’d have 190,000 new jobs. Surprise! We got the “unexpected” dismal level of 88,000. Which aint even HALF what they said it would be.
That 88,000 falls WELL BELOW what we needed just to keep up with population growth. We need at least 125,000 jobs a month just to keep up with the growth in population. We are LOSING ground under this failed presidency.
And Obama has given us a labor participation rate that is so completely godawful that if we used the same labor participation rate as that which Bush handed over to Obama, unemployment would be measured at about 14% right now.
The labor participation rate measures the percentage of working-age Americans who are employed. And there is no question when one considers it that Obama has destroyed the American job engine (that existed in the private sector until he killed it) with his socialism, his big government crony capitalist fascist state, his war on business.
Again, I talked about that when I pleaded with the American people to NOT choose stupidity and suicide in the 2012 election:
In 2010 – and this was AFTER we supposedly were out of the recession in Obama’s “wreckovery” – the labor participation rate was 64.5%, which was at a 25-year low (i.e., lower than it had EVER been under Bush).
Last year in 2012 under Obama’s failed policies it fell to the lowest level in 30 years.
Stupid people can’t see it, I know, but THERE’S A REALLY BAD TREND going on under this demonic administration.
What is our actual unemployment rate if Obama didn’t get rewarded for crushing the spirits of Americans who desperately want jobs and driving them out of the job market? It would be 14 percent. Instead, Obama can keep taking credit for the unemployment rate going down and down even as the American people give up ever having a job. It’s like I derisively pointed out a year ago when I wrote an article with the title: “Unemployment Rate: At ‘Rate’ We’re Going, We’ll Have 0% Unemployment But No One Will Have An Actual Job.” And when Bush left office, people stayed unemployed less than HALF as long as they are staying unemployed today as Obama has gutted any incentive for any employer to hire anybody.
Year after year Obama has failed to deliver. Year after year he had something else to blame,something else to demagogue, to explain away his abject failure to create the jobs he promised with his crony capitalist policies in which he appointed himself and his giant government the sole right to appoint who wins and who loses, who succeeds and who fails.
Like I said, America. You voted for this. You deserve it. And the people who voted for Obama in the highest numbers: young people, black people, Hispanics and women – have the worst employment figures of all. They are getting what they deserved. And they deserve far worse, so Obama will give them far worse.
Now Obama is blaming the sequester for his current “green shoots/recovery summer” failure. In spite of the fact that the damn sequester was HIS idea, which HE signed into law, and which HE swore to use his veto pen to protect when Republicans wanted to overturn it (see also here). Oh, and the fact also is that Republicans offered Obama a way to manage the sequestration cuts so that the American people would not feel so much pain, but Obama, WANTING the people to suffer so he could falsely demonize Republicans for that suffering, refused the authority.
Let’s also not forget that Democrats wanted this sequester and they got what they wanted.
Was sequestration to blame for 2009? 2010? 2011? I mean, the sequestration thing Obama is now demagoguing as being the cause for all the economic calamity didn’t even exist. Right?
Obama is a cynical liar without shame, without integrity and without honor. His political brilliance is in the fact that he never underestimates the sheer stupidity of the American sheep who used to be the American people.
If you are a pathologically morally stupid human being – which based on the polls you likely are – you will decide that Obama is not to blame yet again.
I remind the world that when George W. Bush was president, he had to contend with not just a Democrat House that hated him and plotted his destruction under the rule of Nancy Pelosi, but a Democrat Senate that hated him and plotted his destruction under the rule of Harry Reid, as well. Just in case you want to blame Obama’s failed economy on the Republican House.
Democrats are abject hypocrites year after year. The only thing you can trust about them is that they will demagogue and slander and blame and lie.
If you want to blame the tanking economy on the sequester, at least have the integrity to demand that Obama – who again thought it up in the first place, signed it into law and then threatened to veto anything that prevented it – resign from office. But the fact of the matter is that in spite of two months of pathologically insane Obama lies, the sequester has had so little economic impact that it has had nothing to do with anything (all the sequester did was cut the projected rate of growth – and many of the projected rate cuts don’t occur until years in the future).
If you want to know why the economy is now officially crippled again, blame Obama, blame Democrats and blame their tax hikes.
Unlike Obama, Republicans have been incredibly consistent in pointing out the historic fact that tax cuts increase economic activity and tax revenue, and that tax hikes do the exact opposite by undermining economic activity as job creators and investors have all of their incentives to grow and invest seized from them.
ObamaCare – which is an absolute catastrophic failure – was the largest tax hike on the middle class in American history (and see here). And now even the überliberal Los Angeles Times now acknowledges that is true:
The threat of higher costs could alienate many of the policyholders the state needs to keep in the fold in order to offset the increased costs of covering sicker, poorer people who have been shut out of the system for years.
According to the state, about 1.3 million people who are middle-income or higher and already have coverage not through an employer will bear the brunt of the higher costs. These are individuals making more than $46,000 and families earning more than $94,000 annually. People below those income levels qualify for federal subsidies.
Look at some of my article titles which pointed out this fact:
What the hell did thinking people think would be the effect on jobs? We’re seeing what conservatives said would happen: businesses culling their workforce to remain under that magic “fifty” number so they could escape ObamaCare hell; businesses cutting people to less than full-time so they could escape ObamaCare hell. And NOBODY expanding their payrolls.
We TOLD you this would happen. And it is amazing that the American people now prefer socialist and frankly Marxist LIES to the truth and to reality. And to then reward a liar without shame to slant that truth and reality again and again as the consequences of his immoral policies rain down like the black rain in the aftermath of the nuclear bombs the fascist Japanese demanded fall on them before they would surrender.
Remember the tax hikes Obama got in January? Obama demanded – and got – $620 billion in new tax hikes in exchange for only $15 billion in spending cuts. For a ratio of 41:1 in tax hikes to spending cuts. Obama called that” balanced.”
Mind you, Obama initially demanded over $1.5 TRILLION in new tax hikes. So you know where his heart is: punishing job creators and investors in America.
Add to that the payroll taxes that nailed the middle class. That was another $115 billion in tax hikes just for 2013 alone.
And explain to me why a rich person, an investor, a business, should do anything other than protect themselves against this seizure of what they worked so hard to build. How does taxing productivity generate productivity? How does punishing wealth production generate more wealth production? If I beat you with a bat every time you produce, how long will you keep trying to produce?
You are getting what you voted for. You are getting a foretaste of the hell you will one day spend the rest of your eternity in for your role in the participation in the murder of 56 million innocent babies since 1973. You will get what you deserve for voting for the Democrat Party Platform of Romans Chapter One.
I put it crystal clear in November after the election fiasco: Congratulations, America, You Got What You Voted For: Soaring Unemployment, A Crashing DOW. Next Comes The Beast (You’ll Be Worshiping Him Soon). And: Obama Gives America One Of Worst Post-Presidential Market Plunges In History As Businesses And Investors Say Sayonara To Economic Growth, Jobs.
Do I look like I’ll be right or wrong??? And, again, unlike Obama – who was for the sequestration before he was against it – I’ve been consistent in explaining why America would end up in misery under this most wicked president in American history.
We are watching the world melt down. We are watching Iran get nuclear weapons – after Democrats mocked Bush for warning of that fact – and will one day soon reap hell as Iran seeks Armageddon. We are watching North Korea pursue a level of brinksmanship unlike anything we have ever seen. We are watching China and Russia rise up against us and block us at every turn – while they rob us blind with no response from Obama. Thugs know they can push us around now because of our weak and failed leadership. And we are watching our own America become weaker and weaker as Obama has gutted American jobs – with tens of millions of jobs now vaporized as measured by the dwindling labor participation rate – even as he keeps claiming success for his nonexistent economic turnaround. Before Obama, we could fight two wars simultaneously; now it’s a real question whether we can even fight one.
The beast is coming. The Bible describes him as a man who will criminalize the God of the Bible while imposing the most gargantuan fascist government stranglehold on the private economy ever witnessed in human history. In other words, he will be a Democrat. That’s the Party that is working overtime to criminalize God even as they advance a giant welfare state to replace God.
We’ve just seen two appalling sings of the coming financial ruin: in the theft of private bank account holdings in Cyprus and in the confiscation of bondholders’ investments in the bankruptcy of Stockton, California. The first has been compared to being a “Sarajevo moment” in which an event in a tiny country triggered catastrophic global consequences. The cat is out of the bag; the European Union has described the confiscation of privately held bank assets as a “new template” to follow in other bailed-out nations’ financial crises. Countries who cannot pay for all of their socialism will be encouraged to seize the assets of banking account holders. And what spillover effect will that have in terms of confidence in the banking system? How many people will start withdrawing their holdings fearing their savings will be targeted next? The second has been in Stockton, California, where bondholders are going to get screwed while union pensions remain sacrosanct. How does that do anything but discourage holding bonds in cities that could fall next? What impact will that have on the interest rate of such future bonds? Would you like to lose YOUR money so completely out of control union pensions can remain untouched??? How can bondholders not flee from this idiocy??? How can that not trigger more and more cities – starved of funds – from declaring bankruptcies in a domino effect???
We’re facing the collapse of the entire global financial system, folks. And the night before it all just melts down and implodes, I promise you this: the “experts” that will be trotted out by the mainstream media will assure everybody that everything will be fine the night before the collapse occurs. This is a house of cards that is going to catastrophically fall; and when it falls you will deserve it and your children will deserve it. Because the Bible makes it plain that a nation suffers for the wickedness of its king.
Abject hypocrite liberals tell me I’m angry and hateful. Only to hate me with a hate that I NEVER had for my opponents even as they self-righteously lecture me about hate. And I AM angry: I have watched America go from walking toward the beast and ultimate collapse to running to fall at the feet of the beast and worship him. Our real debt is not the $16.7 trillion you hear about; it is HUNDREDS of trillions. This nation is doomed. In the four miserable years of Obama, this nation has crossed the threshold and there is no way to avoid complete collapse and the ensuing mark of the beast.
The same people who voted so eagerly for Obama will vote for the Antichrist. And they will get the hell they deserve both on earth and in eternity.
Tags: - 14, account holders, antichrist, Arab Spring, banks, bondholders, Cyprus, green shoots, joblessness, labor participation rate, mark of the beast, new taxes, Obama economy, Obamacare, real unemployment, recovery summer, sequester, sequestration, Stockton, tax, tax hikes, unemployment