Congratulations, America, You Got What You Voted For: Soaring Unemployment, A Crashing DOW. Next Comes The Beast (You’ll Be Worshiping Him Soon)

As I noted, the day following the re-coronation of Obama as the Pharaoh in Chief saw the DOW plunge to historically high levels as investors and businesses pretty much said, “To hell with it.”

The 313 point plunge in the DOW on November 7, 2012 was the second worst point-drop in history following a presidential election and tied for fourth in American history in terms of overall drop in value.  Obama actually set the record for both categories when he was elected in 2008: the day of November 5, 2008 that followed the news that Obama would have his first four years to destroy the American economy was greeted with an almost 500-point drop or a 5% decrease in the value of the DOW.  And November 7th’s DOW drop puts the kibosh on any assertion that November 5 of 2008 was somehow a fluke.  So let’s say it with enthusiasm: “you’re #1, Obama!  No one but no one can destroy an economy like you!”

In both cases, it was the economy saying that a president like Barack Obama who would declare war on jobs, on productivity, and pretty much on anything that makes America great, is akin to a judgment of doom for this nation.

Since Obama was reelected, investors and business have decided that the economy and job-creation will take a four-year vacation.  The DOW has taken a nearly 700-point plunge since Obama was reelected as of today.

I know, I know, liberal.  Those vile rich people should all die and their flesh should be ground up for food after all the wealth they worked so hard to build for themselves and for their children has been confiscated and redistributed.

Here’s the thing: jobs are going the way of the Dodo bird and rich people in America.  Because people who voted for Obama don’t want jobs; they want socialism and communist redistribution of other people’s money.

The Lonely Conservative – and dang, I’m feeling kind of lonely since last week too, I’ve got to admit – posted these little factoids about Obama and the job boom that will now clearly never happen:

Initial Jobless Claims Soar To 439,000 – Updated
November 15, 2012
By Lonely Conservative

Isn’t it interesting that the jobless claims reported in the weeks leading up to the election were so low, and now that the election is behind us we get a report like this one? Of course, it was all unexpected to economists, who didn’t see the whopping 439,000 coming. Naturally, MarketWatch is doing their duty and blaming it on Sandy. You know, because it couldn’t have anything to do with the massive layoffs due to Obamacare.

The damage caused by Hurricane Sandy sent U.S. jobless claims soaring by 78,000 in the week ended Nov. 10 to an 18-month high of 439,000, according to the latest government figures. A Labor Department official on Thursday said claims surged in the eastern parts of the country that laid in the path of the storm. The destruction of job sites, closure of government offices and widespread power outages caused more people to file claims after an initial delay. Economists surveyed by MarketWatch had expected claims to climb to 380,000 on a seasonally adjusted basis. Initial claims from two weeks ago were revised up to 361,000 from an original reading of 355,000, based on more complete data collected at the state level. (Read More)

Good grief, when they revise this number what will it go up to?

If that’s not bad enough, have you seen how the stock market has been doing since the election?

Ever since Obama won eight days ago, stock prices are down about 4% as this is being recorded. So stocks peaked September 14—two months before the election—when the Federal Reserve announced the current version of quantitative easing, and stocks held up pretty much right through an election day rally.

But now that the election is over stocks are dropping with no bottom in sight. This is no accident given investors’ fears of higher taxes and continued big spending, including higher taxes on capital gains, which inevitably will tank the economy. In fact, I believe we are headed for a recession. (Read More)

Well, it’s not like people weren’t warned. If you’re an Obama voter and having second thoughts, you might want to re-think where you get your news in the future.

Update: Zero Hedge is a good place to get economic news, like this:

The latest initial claims data posted a multi-year high 104,548 surge in weekly NSA claims from 361,800 to 466,348, and even the Seasonally adjusted number soaring from 361K to 439K on expectations of a 375K print. In other words, a complete disaster for any economic data bulls. What is truly amusing is that the same Wall Street “experts” who set expectations were unable to foresee the Sandy effect that every “macrotourist” on Twitter apparently is so very aware of. Also, it is apparently also “Sandy’s fault” (now that the Bush excuse is back in retirement) that the prior week’s claims were revised from 355K to 361K. Basically, just as we said 3 weeks ago, ignore every negative data point: it is Sandy’s fault. However, for the snapback, when there actually is good news to be had, well, “four more years.” Finally, to all the Sandy apologists: is the logic here that: if Hurricane, then Fire everyone? Because that is what is implied… (Read More)

Update 2: Oh look – The Euro Zone is in another recession, so jobless claims can be blamed on that!

Update 3: The states with the highest number of new jobless claims were Ohio and Pennsylvania. Go figure.

That 439,000 new jobless filing is the worst since April of 2011.

“Forward” is a great slogan and everything, but the only way Obama is going to take America “forward” is to drive us off the fiscal cliff that was his bright idea to create in the first place (and see here for more because Obama set this disaster up from the very start).  The fact of the matter is that it is a documented fact by one of the great journalists in American history that the idea for sequestration – i.e. the “fiscal cliff” or “taxmageddon” – came from Obama’s chief of staff Jack Lew and Rob Nabors (Obama’s White House Assistant to the President and head of the White House’s Office of Legislative Affairs).  The money quote:

“At 2:30 p.m. Lew and Nabors went to the Senate to meet with Reid and his chief of staff, David Krone. ‘We have an idea for the trigger,’ Lew said. ‘What’s the idea?’ Reid asked skeptically. ‘Sequestration.’ Reid bent down and put his head between his knees, almost as if he were going to throw up or was having a heart attack. He sat back up and looked at the ceiling. ‘A couple of weeks ago,’ he said, ‘my staff said to me that there is one more possible’ enforcement mechanism: sequestration. He said he told them, ‘Get the hell out of here. That’s insane. The White House surely will come up with a plan that will save the day. And you come to me with sequestration?’ Well, it could work, Lew and Nabors explained. What would the impact be? They would design it so that half the threatened cuts would be from the Defense Department. ‘I like that,’ Reid said. ‘That’s good. It doesn’t touch Medicaid or Medicare, does it?’ It actually does touch Medicare, they replied. ‘How does it touch Medicare?’ It depends, they said. There’s versions with 2 percent cuts, and there’s versions with 4 percent cuts.” (Bob Woodward, The Price Of Politics, 2012, pp. 326)

So anybody who wants to assert that sequestration originated ANYWHERE other than the Obama White House is a documented liar.  Not that liberals care about being documented liars.

Let me explain to you how Obama will use the sequestration monster that he created in terms of a cartoon analogy: the mad scientist builds a giant indestructible killer robot that he threatens to turn loose on America unless the nation bow down before him and do whatever he wants.  Unfortunately, in the cartoons super heroes show up to defeat the giant killer robot and save the day, and all we’ve got as heroes now is a House filled with mostly shocked and awed Republicans.

Obama is threatening to use the vicious, economy murdering monster that he built (without ever actually bothering to acknowledge that HE was the one who built it, fwiw) to bring down America unless he gets the war on the rich that he so desperately wants as a true ideological Marxist.

It doesn’t matter to the American people that Obama invented sequestration.  It doesn’t matter that sequestration will result in shockingly high unemployment and recession.  It doesn’t matter that Obama is and has been saying all along he would plunge America into joblessness and serious recession unless his demands to directly attack job creators and investors are not met.  It doesn’t matter that when America needed to be saved from sequestration, Obama was swearing he would veto any bill that tried to save the nation from his monster.  All that matter is that Obama will be depicted by the mainstream media as the good guy and the hero and that the Republicans will be portrayed as the villains who somehow caused all this mess (because we’re not going to remember that Obama actually caused it).

This is a country that just boldly declared that it truly deserves to suffer.  And it is going to get the true suffering that it so boldly deserves.

If you believe that businesses and investors think that Obama will be anything other than an unmitigated disaster for America, and that in cutting their own losses they will cut the thread that our economy is hanging upon, you are insane.  There is absolutely no question that Obama-believers are morally insane, but you can add clinically “disassociated from reality” to the list.

Under Obama, America dropped from first place to seventh place after losing ground every single year of his presidency.  Not that that matters one wit to liberals, of course.

The Obama presidency will leave an America that is “worse tasting, smaller-sized and higher priced.”

We’ve already seen unparalleled “messiah-worship” of an American president in Obama: we’ve seen the man literally place his image on the flag because he thinks HE is America and the only thing that America should love.  We’ve seen the Obama campaign team refer to Obama as “Black Jesus” to kick out Christ and replace the King of kings and Lord of lords with Obama.  And yes, we’ve seen the enthusiastic determination of Democrats to replace Jesus with their REAL messiah, Obama.

Obama is Just Like Jesus, says his wife.  There’s no such thing as “us and them”.  Red and yellow, black and white, all are precious in Obama’s sight.  The sheer worship is absolutely astonishing.

The Democrat Party under Obama is the Party that kicked God out of its platform before hastily deciding to put Him back in to a loud chorus of boos from the Party that Shakes Its Fist At God (see also here).

The Democrat Party under Obama or pretty damn much everybody else is the Party of Holocaust with 55 million innocent human beings butchered in a manner that I would not want to put an insect through.  One day every single Democrat will stand before the Father while flames of wrath billow out from His Throne and give an answer for why they supported the ugliest mass murder of human life in all of history.

The Democrat Party under Obama is a Party that worships homosexuality and sodomy.  And as much as they worship sodomy and homosexuality, they hate God, they hate the Bible, they hate Judeo-Christianity, they hate Western Civilization, and they viscerally hate and despise the name of Jesus.

And America has been paying for its support of this party for the past six years.  Because when America decided that demagogic Democrats Nancy Pelosi and Harry Reid should run the House and the Senate back in 2006, unemployment was 4.4%.

And of course Democrats were bitching up a storm at that unemployment rate and swearing up and down that they could do better.  And instead they led America “forward.”

“Forward” to the Antichrist and the mark of the beast.

According to the Bible, the coming Antichrist will be worshiped as God.  Let me ask you, how does that happen?

Prior to the coming of the Antichrist, America and the rest of the world will experience a financial collapse the likes of which the world has never before seen.  The world will suddenly find itself awash in wars and famines and mass deaths.  Things will be looking grim beyond belief.

And then suddenly, as if riding in on a white horse to save the day, will come the figure that the Bible has described as “the beast.”

We are watching that collapse building and growing and metastasizing.  And when we voted for Obama, we voted for the collapse and for the beast who would come because of that collapse.

And the same people who voted for Obama are the same sorry already-doomed fools who will worship the beast and enthusiastically take his mark on their right hands or on their foreheads.  Because the mark of the beast will be nothing more than the ultimate, big government, liberal economic plan.  It will represent everything that the Democrat Party – and for that matter the Communist Party – has been building toward for the last eighty years.

It wasn’t merely Obama who will have murdered America – although Obama will ultimately be the poster boy for the murder and downfall and collapse of America.  No, this was a process began by Democrats and initiated and implemented under FDR in 1932 with Social Security.

The real “national debt” that will bankrupt America isn’t the $16 trillion that Obama is responsible for 60% of in only four misbegotten years as our Pharaoh; it’s $222 trillion, and in fact $224.75 trillion given the fact that that report of $222 trillion is a few months old now.

You need to understand that the Obama regime is “the Cloward and Piven presidency.”  And you need to understand why Democrats are so relentlessly pushing for a complete collapse of the United States of America.  As I wrote back in 2009:

The only question, given the massive debts Obama has already accumulated – deficits that literally are more than every president has accumulated from George Washington to George W. Bush, combined – is whether the Cloward-Piven strategy will yet have its chance to work.  It might already be too late.  When you look at our real national debt of more than $100 TRILLION and realize that we cannot possibly repay it, if you have any sense you should get more than a little bit concerned that our leaders simply WILL NOT control their spending.

The Democrats have an endgame: when the system collapses, the panicked people will turn to the very government that created the calamity and demand that it take care of them.  And that is precisely what big government liberals have always preached.

Notice that we went from talking about debt of “more than $100 trillion” to “more than $222 trillion” since then.  But also notice that there’s an endgame in mind: when America collapses, a desperate people who already demonstrated to all time and eternity that they are a) stupid and b) depraved will demand that the government step in to help them.  And bingo, you’ve got the communist state that Democrats have dreamed of since liberals forced LBJ to quit trying to fight communism so they could join the communists.

Democrats like Obama are hoping for a complete American collapse because they believe they can steer it in the direction they desire.  And of course, under the leadership of the Antichrist, that question will be answered with the words, “Yes we can!”

The Cloward And Piven Presidency

What is Cloward and Piven, you ask?  I’ve written about it and Obama’s connection to it before.  Allow me to cite the same information I provided in 2009:

From Discover The Networks:

First proposed in 1966 and named after Columbia University sociologists Richard Andrew Cloward and Frances Fox Piven, the “Cloward-Piven Strategy” seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse. […]

The key to sparking this rebellion would be to expose the inadequacy of the welfare state. Cloward-Piven’s early promoters cited radical organizer Saul Alinsky as their inspiration. “Make the enemy live up to their (sic) own book of rules,” Alinsky wrote in his 1972 book Rules for Radicals. When pressed to honor every word of every law and statute, every Judaeo-Christian moral tenet, and every implicit promise of the liberal social contract, human agencies inevitably fall short. The system’s failure to “live up” to its rule book can then be used to discredit it altogether, and to replace the capitalist “rule book” with a socialist one.

Newsmax offers a further description of Clowar-Piven, and raises the very real possibility that Obama not only studied the strategy, but in fact even studied under Richard Cloward:

Their strategy to create political, financial, and social chaos that would result in revolution blended Alinsky concepts with their more aggressive efforts at bringing about a change in U.S. government. To achieve their revolutionary change, Cloward and Piven sought to use a cadre of aggressive organizers assisted by friendly newsmedia to force a re-distribution of the nation’s wealth. It would be telling to know if Obama, during his years at Columbia, had occasion to meet Cloward and study the Cloward-Piven Strategy.

On my own view, Obama has a “win we win, lose we win” strategy. To wit, the Obama administration and the Democrat Party are pursuing incredibly risky policies across the board. If the country and the economy somehow manages to survive these measures (which I would compare to a man surviving a poisoning), Obama and the Democrats will claim victory. If, on the other hand, the entire national system collapses due to these shockingly terrible policies, the liberals believe that a terrified, hungry public will turn to the government for help – and allow the statists to restructure the nation into a completely socialist system.

I have talked about Obama directly using the Cloward and Piven strategy to implode America in the past (and see):

Politico Article Reveals Obama’s Cloward-Piven Strategy Backfiring

ObamaCare Just Another Leftist Attempt To Bankrupt America (Cloward And Piven Alert)

Obama’s Cloward-Piven Redistributionism Shaping The Future Collapse

Cloward-Piven Alive And Well: Progressives CONTINUE To Push For Destruction Of U.S. System

I have also provided direct evidence that Obama-allied liberals are directly trying to produce the collapse of the American financial system.  And I cited the following article in my own:

CAUGHT ON TAPE: Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America
Henry Blodget | Mar. 22, 2011, 9:44 AM

A former official of one of the country’s most-powerful unions, SEIU, has a secret plan to “destabilize” the country.

The plan is designed to destroy JP Morgan, nuke the stock market, and weaken Wall Street’s grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government.

The former SEIU official, Stephen Lerner, spoke in a closed session at a Pace University forum last weekend.

The Blaze procured what appears to be a tape of Lerner’s remarks. Many Americans will undoubtedly sympathize with and support them. Still, the “destabilization” plan is startling in its specificity, especially coming so close on the heels of the financial crisis.

Lerner said that unions and community organizations are, for all intents and purposes, dead. The only way to achieve their goals, therefore–the redistribution of wealth and the return of “$17 trillion” stolen from the middle class by Wall Street–is to “destabilize the country.”

Lerner’s plan is to organize a mass, coordinated “strike” on mortgage, student loan, and local government debt payments–thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans. This destabilization and turmoil, Lerner hopes, will also crash the stock market, isolating the banking class and allowing for a transfer of power.

Lerner’s plan starts by attacking JP Morgan Chase in early May, with demonstrations on Wall Street, protests at the annual shareholder meeting, and then calls for a coordinated mortgage strike.

Lerner also says explicitly that, although the attack will benefit labor unions, it cannot be seen as being organized by them. It must therefore be run by community organizations.

In former SEIU Lerner’s own words at this liberal think-tank event:

Unions are almost dead we cannot survive doing what we do but the simple fact of the matter is community organizations are almost dead also and if you think about what we need to do it may give us some direction which is essentially what the folks that are in charge – the big banks and everything – what they want is stability

Every time there is a crisis in the world they say, well, the markets are stable.

I have repeatedly documented and explained how the 2008 financial crisis was created almost ENTIRELY by Democrats who repeatedly refused to allow Bush or Republicans in Congress to do ANYTHING to avert a disaster they saw coming:

DEMOCRATS Set Up America For 2008 Collapse, And Barack Obama Became Their KING

More Proof Democrats Destroyed The Economy In 2008: The Ongoing Fannie Mae/Freddie Mac Disaster

Why Did Our Economy Melt Down In 2008? (Email This To Your Friends)

It Was DEMOCRATS Who Blew Up Our Economy In 2008

Barney Frank And Democrat Party Most Responsible For 2008 Economic Collapse

Democrat Lies About Their Key Role In 2008 Economic Collapse Reaches Laughable Proportions

How Should Democrats Eat The Half-Trillion $ Monsters Fannie And Freddie? One Bite At A Time

Barney Frank Video Proves Democrats At CORE Of 2008 Economic Collapse

AEI Article: How Fannie And Freddie Blew Up The Economy

With Eyes Finally Wide-Open, Reconsider Why The Economy Collapsed In The First Place

Who REALLY Exploded Your Economy, Liberals Or Conservatives?

Biden: ‘We Misread the Economy’ – And it’s all the Republicans’ Fault

Selective Liberal Outrage: Fannie’s $210 Million In Bonuses A-OK

Blaming Republican ‘Obstructionism’ For America’s Economic Problems Is A Demonic Lie. Let’s Look At The REAL Obstructionists.

Who’s To Blame For The Economic Mess We’re In? Two Views.

JP Morgan And MF Global Prove That Democrat Regulations DON’T WORK. Democrats Create Disasters And Then Run By Demagoguing Those Disasters.

Barack Obama And His Fascist Crony Capitalist Connections To MF Global, Goldman Sachs, JP Morgan Chase, Citigroup – And A Coming $600 Trillion Collapse

With that accusation in mind, here is a liberal SEIU guy – and let’s not forget what Obama had to say about his intimate relationship with SEIU –

Obama to SEIU: “Your agenda is my agenda.” And as you shall see, their “agenda” which is being pursued by proxy is to implode America.

– saying the following.

The recorded words of now former senior level SEIU official Stephen Lerner at Pace University:

“Unions are almost dead we cannot survive doing what we do but the simple fact of the matter is community organizations are almost dead also and if you think about what we need to do it may give us some direction which is essentially what the folks that are in charge – the big banks and everything – what they want is stability.

Every time there is a crisis in the world they say, well, the markets are stable.

What’s changed in America is the economy doing well has nothing to do with the rest of us

They figured out that they don’t need us to be rich they can do very well in a global market without us so what does this have to do with community and labor organizing more.

We need to figure out in a much more through direct action more concrete way how we are really trying to disrupt and create uncertainty for capital for how corporations operate.

The thing about a boom and bust economy is it is actually incredibly fragile.

There are actually extraordinary things we could do right now to start to destabilize the folks that are in power and start to rebuild a movement.

For example, 10% of homeowners are underwater right their home they are paying more for it then its worth 10% of those people are in strategic default, meaning they are refusing to pay but they are staying in their home that’s totally spontaneous they figured out it takes a year to kick me out of my home because foreclosure is backed up.

If you could double that number you would you could put banks at the edge of insolvency again.

Students have a trillion dollar debt

We have an entire economy that is built on debt and banks so the question would be what would happen if we organized homeowners in mass to do a mortgage strike if we get half a million people to agree it would literally cause a new financial crisis for the banks not for us we would be doing quite well we wouldn’t be paying anything.

In other words, I have often contended that Democrats created the 2008 crisis.  And I literally have them ON TAPE strategizing about trying to do the same thing again.

I’ve directly stated that ObamaCare was an example of a Cloward and Piven-style strategy that would bankrupt America and thus create the need for the government to nationalize and take over the entire health care system.

I was right.  Read the following:

Obama Admin. to Implement Parts of Health Law
CBNNews.com
Tuesday, June 19, 2012

The Obama administration said will implement parts of its health care law, even if the U.S. Supreme Court strikes down major portions of the legislation.

The high court is set to release its decision in coming days, and it may strike down the whole law or just the individual mandate that requires Americans to buy health care insurance.

If only the mandate is struck down, that will still leave in place a major expansion of Medicaid and federal tax credits to help people purchase insurance.

Critics say those policies will lead to a huge increase in the federal debt.

But the administration said it is moving forward to put those policies in place no matter what the court decides.

“We do believe it’s constitutional, and we … hope and expect that’s the decision the court will render,” senior adviser David Plouffe told ABC News on Sunday.

“We obviously will be prepared for whatever decision the court renders,” he said.

Administration officials have declined to discuss contingency plans to avoid creating the impression that the president is preparing for a high court rebuke.

If ObamaCare gets struck down, Obama – who is now being described as an “imperial president” and “another Nixon” even by the left – is going to simply ignore the Supreme Court and abrogate the power of Congress and enact it anyway.

I’ve also repeatedly pointed out that Barack Hussein Obama is a raw, naked fascist.  There is no question that Obama has disregarded both Congress and the Supreme Court and imposed himself as an emperor.  Consider that Obama made what he called “recess appointments” when Congress by its own Democrat Party-passed rules wasn’t even in recess; consider how Obama issued waivers to the No Child Left Behind LAW if states followed Obama’s policies instead; consider Obama declaring that he would simply ignore constitutionally passed by Congress and signed by the President such as the Defense of Marriage Act; consider how Obama first forced loans to campaign contributors at green firms such as Solyndra and then pressured the Solyndra Board to hold off on layoffs until it was more politically convenient for him;  consider how Obama has outright refused any and all oversight by the Congressional Oversight Committee on matters such as Fast and Furious.  All that and more in addition to what he just did ignoring the LAW on illegal immigration and imposing his own substitute for binding law by act of executive tyranny.  And I was right about that, too.  But let’s stick to ObamaCare for the time being. 

What’s going to happen if the Supreme Court strikes down ObamaCare and Obama ignores the Constitution, the rule of law, the Supreme Court and Congress and imposes it anyway is this: it will force the private insurance industry to either go bankrupt (as he also verbally promised to do to energy providers once, for what that’s worth) or they will be forced out of the industry altogether.

If – or we can now still say “when” given what Democrats are saying Obama is going to do – that happens, the health care delivery system will completely implode and either millions of Americans will literally die deaths caused by medical neglect or the government will be “forced” to step in and nationalize health care.

I say “forced” in quotes because it will be analogous to Adolf Hitler being “forced” to attack Poland after fabricating a ruse of a Polish attack to rhetorically justify his action.  Obama will have fabricated the very conditions that would “force” him to take this action.

I state as a fact that Democrats have degenerated into the sort of weasels who will deliberately create economic or medial catastrophes and then impose their government fascism while blaming the very opposition that tried – albeit at times gutlessly – to prevent the collapse that Democrats created.

Richard Andrew Cloward would have been thrilled at the impending collapse.  Frances Fox Piven is still calling for the Arab Spring- style popular uprising and its accompanying reign of terror complete with violence, and it’s looking more and more like she’ll be getting her wish.

It is past obvious that this country can not survive as a democratic republic with this “imperial president” in power.  It is also past obvious that if Americans re-elect Obama this year, it will be “fundamentally transformed” from the most powerful nation in the history of the world to just another banana republic by the time he leaves office.

Misery Index HIGHEST EVER, Hiring Only 70% Of 2006 Levels, And Boy Do We Ever Need A New President

Economics statistics are well on their way to becoming a Department in the 1984-style “Ministry of Truth.”

We start with misery, and the real apples-to-apples misery index that we can compare to the misrule of Jimmy Carter.  From Economic Policy Journal:

John Williams, over at Shadow Stats, compiles economic data for inflation and unemployment the way it used to be calculated pre-1990. Based on that data, the CPI inflation rate is over 10%, and the unemployment rate is over 15% (see charts). The Misery Index is the sum of the current inflation rate and the unemployment rate.  If it were to be calculated using the older methods, the Index would now be over 25, a record high. It surpasses the old index high of 21.98, which occurred in June 1980, when Jimmy Carter was president. Most believe the height of the Index along with the Iranian hostage crisis is what caused Carter to lose his re-election bid.

 

 

Using current calculation methods, April unemployment came in at 9.0% and the annualized April CPI number came in at 4.8%, for a Misery Index reading of 13.8.

The last time the Index came in with a higher reading with this index reading was in March 1983, with a reading of 13.90.

Ronald Reagan, of course, was president in 1983.  Reagan had a monster that Jimmy Carter largely created called out-of-control inflation.

As I previously explained:

The numbers told the sad story of the Jimmy Carter presidency: interest rates of 21%; inflation at 13.5%, and an unemployment rate of 7%.  And a relatively new economic device called “the misery index” – the combination of the unemployment and inflation rates which Carter had himself used to great effect in his 1976 campaign to win election – was at a shocking 20.5%.

And those who went through those dark and difficult times may soon be looking back to that period as “the good old days.”

Welcome back, Carter.

When Ronald Reagan took office from Jimmy Carter, inflation was at a meteoric 13.3% and the country was in the throes of a fierce recession. There was a real question as to whether workers’ wages would keep up with the costs of living, which made people afraid to either spend or save. And nobody knew how to control inflation – which had risen from 1.4% in 1960 to the aforementioned 13.3% in 1980 – causing a real erosion of confidence in the future. Jimmy Carter answered a reporter’s question as to what he would do about the problem of inflation by answering, “It would be misleading for me to tell any of you that there is a solution to it.”

But Ronald Reagan had a solution.  And by the time he left office, he had solved the problem of creeping inflation increases and had actually reversed the trend: he left behind a healthy inflation rate of 4.1%.

Reagan’s policies set the trajectory for growth that would last for 20 years.

Jimmy Carter didn’t have an answer for the economy, so he just made it worse and worse and WORSE.  Reagan had an answer.  He not only made it better; he established a trajectory of economic success.

And of course, we’re heading right back to that time of shocking inflation.  The cost of EVERYTHING is going up.  And there is absolutely no indication whatsoever that Barack Obama has an answer that is working.  Which is only going to make the pain last longer and the solution more difficult.  Presuming there is another Reagan waiting in the wings for that time when the American people overwhelmingly abandon Democrats and revile them for the failures that they are and basically always have been.

So what does the mainstream media do with that?

They create the propaganda that somehow Obama is a new Reagan, despite the fact that Obama reviles everything Reagan stood for, just as Reagan would have reviled everything Obama stands for.

Then there’s the enemployment beast.  How’s THAT hope and change working out for you?

Here’s some new news about hopey changey from the Wall Street Journal:

 MAY 16, 2011
Why the Job Market Feels So Dismal
The number of hires is the same today as it was when we were shedding jobs at record rates.
By EDWARD P. LAZEAR

Why don’t American workers feel that the labor market is on the mend? After all, the May 6 jobs report could suggest that the labor market is improving. Nonfarm employment rose by 244,000 and employment growth over the last three months is averaging over 200,000 per month. With unemployment at 9%, employment is still down many millions from where it should be, but up from its recession lows.

The fact is the jobs numbers that create so much anticipation from the business press and so many pundit pronouncements do not give a clear picture of the labor market’s health.  A better understanding requires an examination of hires and separations, or what the Bureau of Labor Statistics calls Job Openings and Labor Turnover Survey (JOLTS) data. Here are some surprising facts:

First, the increase in job growth that occurred over the past two years results from a decline in the number of layoffs, not from increased hiring. In February 2009, a month during which the labor market lost more than 700,000 jobs, employers hired four million workers. In March 2011, employers hired four million workers. The number of hires is the same today as it was when we were shedding jobs at record rates.

We added jobs because hires exceeded separations, not because hiring increased. There were 4.7 million separations in February 2009. In March 2011 that number had fallen to 3.8 million. The fall in separations reflects a decline in layoffs, which went from 2.5 million per month in February 2009 to 1.6 million per month in March 2011. One small piece of good news is that the just-released April data showed hires up about 2% over last year’s average and 12% above the low reached in January 2010.

The decline in layoffs is not unexpected and does not necessarily reflect labor-market health. Layoffs tend to occur early in a recession. When an economy has reached bottom and has already shed much of its labor, layoffs slow. But that doesn’t mean that the labor force is recovering. We could have high unemployment and a stagnant labor force even when layoffs are low. Isn’t the fact that hires exceed separations indicative of a healthy labor market? Unfortunately, no.

At any point in the business cycle, even during a recession, American firms still hire a huge number of workers. That’s because most of the action in the labor market reflects “churn,” the continual process of replacing workers, not net expansion or contraction of employment. The lowest number hired in any month of the current recession was 3.6 million workers. Even during the dismal year of 2009 there were more than 45 million hires.

Bear in mind that the U.S. labor force has more than 150 million workers or job seekers. In a typical year, about one-third or more of the work force turns over, leaving their old jobs to take new ones. When the labor market creates 200,000 jobs, it is because five million are hired and 4.8 million are separated, not because there were 200,000 hires and no job losses. When we’re talking about numbers as large as five million, the net of 200,000 is small and may reflect minor, month-to-month variations in the number of hires or separations.

The third fact puts this in perspective. In a healthy labor market like the one that prevailed in 2006 and early 2007, American firms hire about 5.5 million workers per month. Recall that the current number of hires is four million and it has not moved much from where it was two years ago. The labor market does not feel like it is expanding if hiring is not occurring at a recovery-level pace—and that means at least a half million more hires per month than we are seeing now.

The combination of low hiring and a large stock of unemployed workers, now 13.7 million, means that the competition for jobs is fierce. Because there are now many more unemployed workers, and because hiring is only about 70% of 2006 levels, a worker is about one-third as likely to find a job today as he or she was in 2006. It is no wonder that workers do not feel that the labor market has recovered.

One final fact is worth noting. Healthy labor markets are characterized not only by high levels of hiring, but also by high levels of separations. Although it is true that the importance of quits relative to layoffs rises during good times, even the number of layoffs was greater in the strong labor market of 2006-07 than it is now. No one would suggest that layoffs are good for workers, but what is good is a fluid labor market, where workers and firms constantly seek to produce better products and to find more efficient ways to produce them. High labor market churn is a characteristic of a strong economy. It generally means that workers are moving to better jobs in growing sectors that pay higher wages and away from declining sectors that pay lower wages.

Allowing maximum flexibility encourages fluidity and means that employers are willing to hire workers who lose their jobs elsewhere. Many European countries have restricted mobility by imposing severance pay penalties on employers that lay workers off. More than reducing layoffs, these rigidities make employers reluctant to hire because of the penalties that they will later incur if a layoff is necessary. Such restrictions are in large part responsible for the chronically high rates of unemployment that have been prevalent in many European countries.

The prescription for the American labor market is simple: low taxes on capital investment, avoidance of excessively burdensome regulation, and open markets here and abroad. We must create a climate in which investment is profitable, productivity is rising, and employers find it profitable to increase their hiring rate. These are the mantras that economists have chanted in the past. But they are our best bet for ensuring a dynamic and growing labor market.

Mr. Lazear, chairman of the President’s Council of Economic Advisers from 2006-2009, is a professor at Stanford University’s Graduate School of Business and a Hoover Institution fellow

Wait a minute.  What was that one sentence again?

Because there are now many more unemployed workers, and because hiring is only about 70% of 2006 levels, a worker is about one-third as likely to find a job today as he or she was in 2006.

Yeah, but George Bush was bad by mainstream media propagandist definition, and Obama is good by the same standard.

If you want welfare, vote for Obama.  You’ll get it until United States of America implodes into a failed banana republic.  And then you’ll get the Marxist-fascist hybrid the left has been dreaming of for the last fifty years.  You want a job?  Vote for a conservative Republican.

Obama’s ‘Hope And Change’ At Work: Most Americans (Correctly) Believe Our Best Days Are Now Behind Us

History reminds us of a time – not all that long ago – when a charismatic leader promised a fundamental transformation that brought hope to a nation.

The leaders’s name was Adolf Hitler.  It didn’t end well.  Seriously.

The kind of fascistic irrationally euphoric Utopian rhetoric of Obama –

“I am absolutely certain that generations from now, we will be able to look back and tell our children that this was the moment when we began to provide care for the sick and good jobs to the jobless; this was the moment when the rise of the oceans began to slow and our planet began to heal… This was the moment — this was the time — when we came together to remake this great nation …”

– hasn’t seemed to work out very well in the real world.  I mean who talks like that but a fascist demagogue promising a false Utopia, anyway?  Not that most liberals have any clue whatsoever about the real world, mind you.

The evidence is crystal clear that Obama is a fascist and a demagogue.  But the mainstream media is every bit as unlikely to tell the truth about Obama as Joseph Goebbels’ Ministry of Propaganda was likely to tell the truth about their Fuhrer.

The New York Times once said – as part of the irrational fascistic hype surrounding Obama – that:

WASHINGTON — At the core of Senator Barack Obama’s presidential campaign is a promise that he can transcend the starkly red-and-blue politics of the last 15 years, end the partisan and ideological wars and build a new governing majority.

Did Obama ever once come close to actually fulfilling that “core presidential promise”???

How about this: within 24 days of Obama assuming the presidency, The Wall Street Journal was rightly able to say this about our “transcending” figure:

President Barack Obama has turned fearmongering into an art form. He has repeatedly raised the specter of another Great Depression. First, he did so to win votes in the November election. He has done so again recently to sway congressional votes for his stimulus package

It wasn’t even a month after assuming the presidency that Obama began to dismiss the Republicans he had promised to reach out to:

“Don’t come to the table with the same tired arguments and worn ideas that helped to create this crisis,” he admonished in a speech.

It was barely only a month after assuming the presidency that Obama began to thumb his nose at the Republicans he had promised to reach out to:

 When [Republican Rep. Eric] Cantor tried to justify his own position, Obama responded: “Elections have consequences, and at the end of the day, I won.”

Were those really the words that would “transcend the starkly red-and-blue politics of the last 15 years”???  In taking that stand, was there actually any chance whatsoever that Obama would “end the partisan and ideological wars”???  Is anyone frankly so morally and intellectually stupid to see these tactics as they way to “build a new governing majority”???

And of course, shortly after the American people rejected Obama in the largest shallacking in modern American history and voted against the Democrat Party in droves, Nancy Pelosi began to further degenerate into fascism (where elections shouldn’t matter unless the fascists win them), saying: “elections shouldn’t matter as much as they do.”

And then we proceeded to see Democrats and liberals behave far more like fascists than people who gave a damn about elections or the consequences of elections in Wisconsin.

I think of the fact that Hitler never won more than 37% of the vote.  But the moment he seized power, “elections didn’t matter as much as they should have.”

Barack Obama is a man who has personally repeatedly demonized George W. Bush, Republicans, entire industries, businesses, and even medical doctors (remember how they amputate people’s feet and yank out their tonsils just to illegitimately profit?).  As a Senator, he personally attacked George Bush for his failure of leadership for having to raise the debt ceiling; now he’s personally attacking anyone who acts as cynically and despicably as he acted.  Obama personally demonized George Bush for trampling on the Constitution for Iraq even though Congress had directly authorized his actions; but this same cynical demagogue would attack Libya without any congressional authorization whatsoever.  Obama lectured Republicans that it hurt the country and the essential political debate to demagogue the other side with health care, only to viciously attack the Republicans the first time he thought it would politically help him to do so.  Rep Ryan – whom he invited to his speech just to single him out for attack – said, “What we got yesterday was the opposite of what [Obama] said is necessary to fix this problem.”  And Obama doesn’t just demonize his opponents; he falsely demonizes his opponents by telling demonstrable lies.

As I said, Obama is a fascist bully and a cynical demagogue.  And yet the mainstream media has the unmitigated chutzpah to continue to insanely depict this cynical, lying, hypocrite demagogue as an inspirational figure.

The American people and the mushroom have something in common: both are kept in the dark and fed manure.

So you can understand why the American people – for all the information available to them – are so terribly ignorant about just what the hell is going on in our political system.

But as misinformed and lied-to as Americans are when it comes to the sea of lies they are presented with as “news,” they are still aware that fewer of them have jobs, fewer of them have homes, their food cost more, their fuel cost more and that the quality of their lives are rapidly slipping away under the policies of a failed president and his failed party.

America’s Best Days
Those Confident That America’s Best Days Lie Ahead Down to 31%
Monday, April 25, 2011

Voter confidence that the nation’s best days are still to come has fallen to its lowest level ever.

A new Rasmussen Reports national telephone survey of Likely Voters shows that just 31% believe America’s best days are in the future. That’s down three points from last month and is the lowest result found in polling since late 2006.

Fifty-three percent (53%) believe America’s best days are in the past, also the highest measurement in over four years. Sixteen percent (16%) are undecided. (To see survey question wording, click here.)

Separate polling finds that only 22% of Likely Voters believe the United States is now heading in the right direction. That ties the lowest level found during Barack Obama’s presidency.

While majorities of Republicans (68%) and voters not affiliated with either major political party (52%) believe America’s best days are in the past, a plurality of Democrats (45%) thinks its best days still lie ahead.

Fifty-eight percent (58%) of white voters believe America’s best days have come and gone, but the same number of black voters (58%) feel the opposite is true.

[…]

And of course, it is true: America’s days truly ARE behind us as long as Barack Hussein Obama and as long as Democrats are able to continue to lead.  Either Democrats will go down, or America will go down.

But, liberals say, it was BUSH who made the economy fail.  Two things: 1) how many years should that line of garbage continue to succeed?  And 2) it was never true to begin with (also see here).

Do you know that Democrats had total control of both the House and the Senate from 2006 until 2010???

George Bush tried SEVENTEEN TIMES to warn Congress that unless we got control of the out-of-control Democrat-controlled Fannie Mae and Freddie Mac and the out-of-control housing and housing mortgage market that it was poisoning with piles of bad debt, our economy would go under.  The problem had festered because Bush had reappointed the first black Fannie Mae CEO because of political correctness.  Franklin Raines was a failure and a corrupt fraud who disguised massive debt.  Further, fearing the same political correctness, Republicans had allowed themselves to be repeatedly stymied in their attempts to reform the Government Sponsored Enterprises Fannie and Freddie as Democrats screamd “racism.”  John McCain was if anything even more clear in 2006 when there was still time to fix the developing crisis.  McCain wrote (in 2006):

Congress chartered Fannie and Freddie to provide access to home financing by maintaining liquidity in the secondary mortgage market. Today, almost half of all mortgages in the U.S. are owned or guaranteed by these GSEs. They are mammoth financial institutions with almost $1.5 Trillion of debt outstanding between them. With the fiscal challenges facing us today (deficits, entitlements, pensions and flood insurance), Congress must ask itself who would actually pay this debt if Fannie or Freddie could not?

McCain asked, “Who would actually pay this massive debt for these incredibly risky liberal policies if Fannie or Freddie could not?’  And we now have the answer to that question, don’t we???

Even the liberal New York Times recognized the threat posed by Fannie and Freddie.  And Peter Wallison all but predicted the collapse as early as 1999:

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980′s.

”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

 The same Peter Wallison who had predicted the disaster from 1999 wrote a September 23, 2008 article in the Wall Street Journal entitled “Blame Fannie Mae and Congress For the Credit Mess.”

Wallison was 100% correct, and had the FACT that he had accurately predicted the collapse to give him further credibility.  Democrats were 100% wrong.  Barney Frank was one of the unanimous Nazi-goosetepping Democrats who said stuff like this:

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

Basically a MONTH before Fannie and Freddie went bankrupt and started the entire housing mortgage market collapse in 2008, Barney Frank was still singing the same idiotic tune:

REP. BARNEY FRANK, D-MASS.: “I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. They’re not the best investments these days from the long-term standpoint going back. I think they are in good shape going forward.

They’re in a housing market. I do think their prospects going forward are very solid.”

John McCain correctly predicted a disaster.  Barney Frank was still spouting outrageous lies just one month before the bottom fell out of Fannie Mae and Freddie Mac and then caused the bottom to fall out of the entire economy.  Republicans were right and Democrats were disasterously wrong.  And the American people responded by electing Democrats and purging Republicans.  Because we were lied to, and because we have become a bad people who believe lies.

Democrats blocked every single move by both the Republicans and by George Bush.  They actually threatened filibusters to prevent Bush from fixing the broken system that failed and it was DEMOCRATS who took our economy down the drain.

And Senator Barack Obama had more campaign money from Fannie Mae and Freddie Mac in a shorter time than anyone in Congress.  And he also had more campaign money from Lehman Brothers – a dirty Wall Street player that went belly up – in a shorter time than anyone else in Congress.  Obama was bought and owned by the people who blew up our economy.

Only a nation of fools would have voted for this inexperienced Marxist fool to run our nation.  But a nation of fools believed the worst media propaganda campaign since Joseph Goebbels plied his trade.

Even fools feel pain when they keep getting burned, though.  And Obama is burning America alive.

We are slipping.  Even fools can feel it:

26 Apr, 2011, 11.27AM IST,IANS
China’s economy to surpass that of US by 2016: IMF

BEIJING: The Chinese economy will surpass that of the US by 2016, the International Monetary Fund ( IMF )) has predicted.According to the IMF’s forecast, based on “purchasing power parities”, China’s gross domestic product (GDP) will rise from $11.2 trillion in 2011 to $19 trillion in 2016, while the American economy will increase from $15.2 trillion to $18.8 trillion.

China’s share of the global economy will ascend from 14 percent to 18 percent, while the US’ share will descend to 17.7 percent, China Daily reported.

The Economist had predicted in December 2010 that China would overtake the US in terms of nominal GDP in 2019.

 At the same time all of the other growing disasters is taking place, we have a crisis in the price of oil.  And Obama has done nothing but exacerbate that crisis with energy policies that are even more destructive than Jimmy Carter’s.

Do you feel your nation growing smaller and smaller and weaker and weaker?  That is the hope and change you voted for.

In the time that Obama has been president, we’ve gone from predicting China would overtake us by 2030, to 2019, to just five years away.  And mark my words, it will be moved up yet again, before they overtake Obama’s ignorant stupidity even faster than that.

Under Obama, and due to his immoral and criminally reckless policies, we are spending like fools and at the same time insanely inflating our money supply (under the euphamism of “qantitative easing” or QE2.  And here are the results:

APRIL 23, 2011
Dollar’s Decline Speeds Up, With Risks for U.S.
BY TOM LAURICELLA

The U.S. dollar’s downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency.

With no relief in sight for the dollar on any of those fronts, the downward pressure on the dollar is widely expected to continue.
The dollar fell nearly 1% against a broad basket of currencies this week, following a drop of similar size last week. The ICE U.S. Dollar Index closed at its lowest level since August 2008, before the financial crisis intensified.

“The dollar just hasn’t had anything positive going for it,” said Alessio de Longis, who oversees the Oppenheimer Currency Opportunities Fund.

Thanks to your fool-in-chief president, your dollar is worth less and less.  And your gas and your food cost more and more.  Food now costs more than at any time since 1974, thanks to the Democrat messiah.

Or maybe he’s not such a fool.  Because maybe this is what he wanted all along.  Read this article on “the Cloward and Piven Strategy” created by liberals/progressives to implode America written in 2008 (you could also read my own article written in 2009).  And then see what top SEIU official Steven Lerner – who left the “workers of the world unite; it’s not just a slogan anymore” radical union at the same time #1 White House visitor Andy Stern did – had to say about deliberately trying to cause a financial crisis that will implode America.

The United States of America is dangerously close to complete collapse.  One wrong move, one piece of bad news, just one thing, could send us into a collapse that will be impossible to stop.

And we are either being led by a total fool, or even worse, we are being led by a man who is actively plotting to collapse America to impose a radical leftwing ideology, and who doesn’t care one iota more about the American people than Adolf Hitler cared about the German people.

I’m sure you have probably picked up on my angry tone.  I am angry; I’m beyond angry.  Why?  Because I see the beast foretold by the book of Daniel and the book of Revelation coming.  I see the collapse coming, and the Antichrist riding in on his white horse to save the day.  And I see that the same liberals, the same progressives, the same Democrats who caused this collapse will be the ones to welcome this coming world dictator.  And it will be these same Democrats who call for the American people to take his mark on their hands or on their foreheads so that they can join the rest of the world and buy and sell.

Rest assured, Obama’s reckless fiscal policies are not just undermining America; they are undermining the entire world.  The unrest in the Middle East (which again says “Last days as foretold by the Bible” all over it) is directly attributed to Obama’s monetary policies, according to the G-2o and the central banks.

Barack Obama is a false messiah.  The Democrat Partyis the party of hell.  And they are leading us to hell on earth right now.  Today.

And we are voting for hell.

You mark my words.  It won’t be long now.  The beast is coming.  And if you vote Democrat, you have already voted for him by paving the way for his soon-arrival.

Get ready for hell.

Actual U.S. Debt Exceeds GDP Of Entire Planet

Here’s one for you to put in your pipe to smoke on.  Even if the U.S. were to seize the wealth of the entire planet, and even if we taxed all the wealth of not only the rich but the miserably poor as well, we STILL couldn’t pay off the debts that Democrats demand that we keep adding to until after we’ve reached that “straw that broke the camel’s back” point:

True U.S. debt exceeds world GDP by $14 trillion
Obama 2010 budget deficit now 5 times larger than nation’s output
Posted: March 21, 2011
By Jerome R. Corsi

As the Obama administration prepares to finance a Fiscal Year 2011 budget  deficit expected to top $1.6 trillion, the American public is largely unaware that the true negative net worth of the federal government reached $76.3 trillion last year.

That figure was five times the 2010 gross domestic product of the United States and exceeded the estimated gross domestic product for the world by approximately $14.4 trillion.

According to the U.S. Department of Commerce Bureau of Economic Analysis, U.S. GDP for 2010 was $14.861 trillion. World GDP in 2010, according to the International Monetary Fund, was $61.936 trillion.

“As government obligations continue to spiral out of control and the U.S. government shows no willingness to make the magnitude of spending cuts required to return to fiscal responsible, the U.S. economy is headed to a great collapse coming in the form of a hyper-inflationary great depression,” says economist John Williams, author of the website Government Shadow Statistics.

Statistics generated in Williams’ most recent newsletter demonstrate the real 2010 federal budget deficit was $5.3 trillion, not the $1.3 trillion previously reported by the Congressional Budget Office, according to the 2010 Financial Report of the United States Government as released by the U.S. Department of Treasury Feb. 26, 2010.

The difference between the $1.3 trillion “official” 2010 federal budget  deficit numbers and the $5.3 trillion budget deficit based on data reported in  the 2010 Financial Report of the United States Government is that the official  budget deficit is calculated on a cash basis, where all tax receipts, including  Social Security tax receipts, are used to pay government liabilities as they  occur.

The calculations in the 2010 Financial Report are calculated on a GAAP basis  (Generally Accepted Accounting Principles) that includes year-for-year changes  in the net present value of unfunded liabilities in social insurance programs  such as Social Security and Medicare.

Under cash accounting, the government makes no provision for future Social  Security and Medicare benefits in the year in which those benefits accrue.

“The broad GAAP-based federal deficits, including the Social Security and  Medicare unfunded liabilities, have been in the $4 trillion to $5 trillion range  in 2008 and 2009, and 2010’s deficit again likely was near $5 trillion,  remaining both uncontrollable and unsustainable,” Williams wrote.

“The federal government cannot cover such an annual shortfall by raising  taxes, as there are not enough untaxed wages and salaries or corporate profits  to do so,” he warned.

In his analysis of the 2010 Financial Report of the United States, Williams  listed both an official accounting and an alternative.

“The estimate of a broad 2010 GAAP-based deficit at $5 trillion is mine,” he  noted. “At issue with the published report, consistent year-to-year accounting  was not shown, with a large, one time reduction in reported 2010 Medicare  liabilities, based on overly optimistic assumptions of the impact from recently  enacted health care legislation.”

U.S. Government GAAP Accounting  Federal Budget Deficits U.S. Treasury, Financial Report of the United States,  2002-2010 (John Williams, Shadow Government Statistics, ShadowStats.com)

Williams argues the total U.S. obligations, including Social Security and  Medicare benefits to be paid in the future, have effectively placed the U.S.  government in bankruptcy, even before we take  into consideration any future and continuing social welfare obligations that may  be embedded within the Obama administration’s planned massive overhaul of health  care.

“The government cannot raise taxes high enough to bring the budget into  balance,” Williams said. “You could tax 100 percent of everyone’s income and 100  percent of corporate profits and the U.S. government would still be showing a  federal budget deficit on a GAAP accounting basis.”

Williams argues the U.S. government has condemned the U.S. dollar to “a  hyperinflationary grave” by taking on debt  obligations that will never be covered by raising taxes and/or by severely  slashing government spending that has become politically untouchable.

“Bankrupt sovereign states most commonly use the currency printing press as a  solution to not having enough money to cover  obligations,” he cautioned. “The U.S. government and the Federal Reserve have  committed the system to its ultimate insolvency, through the easy politics of a  bottomless pocketbook, the servicing of big-moneyed special interests, gross  mismanagement, and a deliberate and ongoing effort to debase the U.S. currency.”

He is concerned that the Federal Reserve will supplement its current policy  of Quantitative Easing 2, or QE2, under which the Fed intends to purchase by  mid-year 2010 another $600 billion of Treasury debt with “QE3.”

“These actions (QE2 and QE3) should pummel heavily the U.S. dollar’s exchange  rate against other major currencies,” he concludes. “Looming with uncertain  timing is a panicked dollar dumping and dumping of dollar-denominated paper  assets, which remains the most likely event as a proximal trigger for the onset  of hyperinflation in the near-term.”

Williams predicts that the early stages of hyperinflation will be marked by  an accelerating upturn in consumer prices, a pattern that has already begun to  unfold in response to QE2.

“For those living in the United States, long-range strategies should look to  assure safety and survival, which from a financial standpoint means preserving  wealth and assets,” he advises.

Williams suggests that physical gold in the form of sovereign coins priced  near bullion prices remains the primary hedge in terms of preserving the  purchasing power of the dollar, as well as stronger major currencies such as the  Swiss franc, the Canadian dollar and the Australian dollar.

And as totally insane as that is, it might well even be worse than that.

$61.936 trillion sounds like a lot.  And that’s the official figure for the International Monetary Fund’s estimate for U.S. indebtedness.  But the IMF is giving credibility to a figure that makes that $62 trillion seem almost manageable:

I Can Give You 200 Trillion Reasons Why We Need To Cut Government Spending NOW
By Michael Eden     March 7, 2011

Republicans are trying to get our spending under control, and Democrats are demonizing them every single step of the way.  Because Democrats are demons, and demonizing is the only thing they know how to do.

For the record, Republicans are trying to cut an amount which is basically 1/30th of Obama’s budget deficit.

News from globeandmail.com
The scary real U.S. government debt
Wednesday, October 27, 2010

NEIL REYNOLDS

Ottawa — reynolds.globe@gmail.com

Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. “Let’s get real,” Prof. Kotlikoff says. “The U.S. is bankrupt.”

Writing in the September issue of Finance and Development, a journal of the International Monetary Fund, Prof. Kotlikoff says the IMF itself has quietly confirmed that the U.S. is in terrible fiscal trouble – far worse than the Washington-based lender of last resort has previously acknowledged. “The U.S. fiscal gap is huge,” the IMF asserted in a June report. “Closing the fiscal gap requires a permanent annual fiscal adjustment equal to about 14 per cent of U.S. GDP.”

This sum is equal to all current U.S. federal taxes combined. The consequences of the IMF’s fiscal fix, a doubling of federal taxes in perpetuity, would be appalling – and possibly worse than appalling.

Prof. Kotlikoff says: “The IMF is saying that, to close this fiscal gap [by taxation], would require an immediate and permanent doubling of our personal income taxes, our corporate taxes and all other federal taxes.

“America’s fiscal gap is enormous – so massive that closing it appears impossible without immediate and radical reforms to its health care, tax and Social Security systems – as well as military and other discretionary spending cuts.”

He cites earlier calculations by the Congressional Budget Office (CBO) that concluded that the United States would need to increase tax revenue by 12 percentage points of GDP to bring revenue into line with spending commitments. But the CBO calculations assumed that the growth of government programs (including Medicare) would be cut by one-third in the short term and by two-thirds in the long term. This assumption, Prof. Kotlikoff notes, is politically implausible – if not politically impossible.

One way or another, the fiscal gap must be closed. If not, the country’s spending will forever exceed its revenue growth, and no one’s real debt can increase faster than his real income forever.

Prof. Kotlikoff uses “fiscal gap,” not the accumulation of deficits, to define public debt. The fiscal gap is the difference between a government’s projected revenue (expressed in today’s dollar value) and its projected spending (also expressed in today’s dollar value). By this measure, the United States is in worse shape than Greece.

Prof. Kotlikoff is a noted economist. He is a research associate at the U.S. National Bureau of Economic Research. He is a former senior economist with then-president Ronald Reagan’s Council of Economic Advisers. He has served as a consultant with governments around the world. He is the author (or co-author) of 14 books: Jimmy Stewart Is Dead (2010), his most recent book, explains his recommendations for reform.

He says the U.S. cannot end its fiscal crisis by increasing taxes. He opposes further stimulus spending because it will simply increase the debt. But he does suggest reforms that would help – most of which would require a significant withering away of the state. He proposes that the government give every person an annual voucher for health care, provided that the total cost not exceed 10 per cent of GDP. (U.S. health care now consumes 16 per cent of GDP.) He suggests the replacement of all current federal taxes with a single consumption tax of 18 per cent. He calls for government-sponsored personal retirement accounts, with the government making contributions only for the poor, the unemployed and people with disabilities.

Without drastic reform, Prof. Kotlikoff says, the only alternative would be a massive printing of money by the U.S. Treasury – and hyperinflation.

As former president Bill Clinton once prematurely said, the era of big government is over. In the coming years, the U.S. will almost certainly be compelled to deconstruct its welfare state.

Prof. Kotlikoff doesn’t trust government accounting, or government regulation. The official vocabulary (deficit, debt, transfer payment, tax, borrowing), he says, is vulnerable to official manipulation and off-the-books deceit. He calls it “Enron accounting.” He also calls it a lie. Here is an economist who speaks plainly, as the legendary straight-shooting film star Jimmy Stewart did for an earlier generation.

But Prof. Kotlikoff’s economic genre isn’t the Western. It’s the horror story – “and scarier,” one reviewer of his book suggests, than Stephen King.

Enron-style accounting?  From our government?  Say it aint so!!!

It’s isn’t a matter of IF America will financially collapse; it is only a matter of WHEN.  And “WHEN” is SOON.

And it will necessarily happen because Democrats are genuinely depraved.

Recklessly spending money on fools’ projects that your grandchildren will become debt slaves just trying to pay the interest on is immoral.

I can only keep begging Republicans to turn the Democrats’ demonization game back at them.  Democrats are running around on their talking points denouncing Republicans as “extremists” who want to kill poor people.

Bullcrap.

It is DEMOCRATS (I call them “Demoncrats,” for “Demonic Bureaucrats”) who want to implode America and kill tens of millions of American people by plunging this country into a great depression that will make the last one in the 1930s seem like a fun-filled day at the beach.

It’s not going to be the richest people who starve to death and die miserably in the cold.  It’s going to be all the people liberals love to say they care about – when in reality all they do is cynically manipulate them toward their own increasingly certain doom.

Don’t you dare forget that it has been LIBERALS who have been dreaming of undermining and imploding America financially since Cloward and Piven back in the 1960s.  And now we’ve got a JUST-ex SEIU official on tape plotting to send America into a financial crisis that will dwarf anything ever seen.

If you have a true death wish, and you vote Democrat, then by all means keep doing so, because they will give you the destruction and nihilism that you seek.  That’s the real meaning of Obama’s “hope and change.”

Did Someone Just Say Cloward And Piven? Former SEIU Top Level Official Caught On Tape Conspiring To Implode America

Other than the fact that the left – liberals, progressive, Democrats, unions, the whole enchilada – are genuinely depraved un-American traitors, they really aren’t so bad.

Let me deal with a couple of possible objections before the article.  First of all, Steven Lerner hasn’t been “former” that long.  He left with Andy Stern, the man who visited Obama in the White House more than anyone else.  Second, this tactic that Lerner is describing isn’t merely some kind of a “theoretical” tactic.  It has been employed, and is continuing to be employed, by SEIU.

And it is the intimate association between Barack Obama and the SEIU (“Your agenda has been my agenda…”) that makes this really, really frightening.

I have on several occasions discussed Obama as having a Cloward and Piven agenda for America.

Politico Article Reveals Obama’s Cloward-Piven Strategy Backfiring

Obama’s Cloward-Piven Redistributionism Shaping The Future Collapse

Cloward-Piven Alive And Well: Progressives CONTINUE To Push For Destruction Of U.S. System

ObamaCare Is Cloward-Piven Strategy In Microcosm

Here it is.  And by that I mean both, “Here’s the article revealing Obama’s SEIU’s plan to destroy America,” and “Here’s Obama’s and the SEIU’s Cloward-Piven plan”:

CAUGHT ON TAPE: Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America
Henry Blodget | Mar. 22, 2011, 9:44 AM

A former official of one of the country’s most-powerful unions, SEIU, has a secret plan to “destabilize” the country.  

The plan is designed to destroy JP Morgan, nuke the stock market, and weaken Wall Street’s grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government.

The former SEIU official, Stephen Lerner, spoke in a closed session at a Pace University forum last weekend.

The Blaze procured what appears to be a tape of Lerner’s remarks. Many Americans will undoubtedly sympathize with and support them. Still, the “destabilization” plan is startling in its specificity, especially coming so close on the heels of the financial crisis.

Lerner said that unions and community organizations are, for all intents and purposes, dead. The only way to achieve their goals, therefore–the redistribution of wealth and the return of “$17 trillion” stolen from the middle class by Wall Street–is to “destabilize the country.”

Lerner’s plan is to organize a mass, coordinated “strike” on mortgage, student loan, and local government debt payments–thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.  This destabilization and turmoil, Lerner hopes, will also crash the stock market, isolating the banking class and allowing for a transfer of power.

Lerner’s plan starts by attacking JP Morgan Chase in early May, with demonstrations on Wall Street, protests at the annual shareholder meeting, and then calls for a coordinated mortgage strike.

Lerner also says explicitly that, although the attack will benefit labor unions, it cannot be seen as being organized by them. It must therefore be run by community organizations.

Lerner was ousted from SEIU last November, reportedly for spending millions of the union’s dollars trying to pursue a plan like the one he details here.  It is not clear what, if any, power and influence he currently wields. His main message–that Wall Street won the financial crisis, that inequality in this country is hitting record levels, and that there appears to be no other way to stop the trend–will almost certainly resonate.

A transcript of Lerner’s full reported remarks is below, courtesy of The Blaze. We have heard the tape, but we have not independently verified that the voice is Lerner’s.  You can listen to the tape here.

Here are the key remarks:

Unions are almost dead. We cannot survive doing what we do but the simple fact of the matter is community organizations are almost dead also. And if you think about what we need to do it may give us some direction which is essentially what the folks that are in charge – the big banks and everything – what they want is stability.

There are actually extraordinary things we could do right now to start to destabilize the folks that are in power and start to rebuild a movement.

For example, 10% of homeowners are underwater right their home they are paying more for it then its worth 10% of those people are in strategic default, meaning they are refusing to pay but they are staying in their home that’s totally spontaneous they figured out it takes a year to kick me out of my home because foreclosure is backed up

If you could double that number you would  you could put banks at the edge of insolvency again.

Students have a trillion dollar debt

We have an entire economy that is built on debt and banks so the question would be what would happen if we organized homeowners in mass to do a mortgage strike if we get half a million people to agree  it would literally cause a new finical crisis for the banks not for us we would be doing quite well  we wouldn’t be paying anything…

We have to think much more creatively. The key thing… What does the other side fear the most – they fear disruption. They fear uncertainty. Every article about Europe says in they rioted in Greece the markets went down

The folks that control this country care about one thing how the stock market goes what the bond market does how the bonuses goes. We have a very simple strategy:

• How do we bring down the stock market
• How do we bring down their bonuses
• How do we interfere with there ability to be rich…

So a bunch of us around the country think who would be a really good company to hate we decided that would be JP Morgan Chase  and so we are going to roll out over the next couple of months what would hopefully be an exciting campaign about JP Morgan Chase that is really about challenge the power of Wall Street.

And so what we are looking at is the first week in May can we get enough people together starting now to really have an week of action in New York I don’t want to give any details because I don’t know if there are any police agents in the room.

The goal would be that we will roll out of New York the first week of May. We will connect three ideas

• that we are not broke there is plenty of money
• they have the money  – we need to get it back
• and that they are using Bloomberg and other people in government as the vehicle to try and  destroy us

And so we need to take on those folks at the same time. And that we will start here we are going to look at a week of civil disobedience – direct action all over the city. Then roll into the JP Morgan shareholder meeting which they moved out of New York because I guess they were afraid because of Columbus.

There is going to be a ten state mobilization to try and shut down that meeting and then looking at bank shareholder meetings around the country and try and create some moments like Madison except where we are on offense instead of defense

Where we have brave and heroic battles challenging the power of the giant corporations. We hope to inspire a much bigger movement about redistributing wealth and power in the country and that labor can’t do itself that community groups can’t do themselves but maybe we can work something new and different that can be brave enough  and daring and nimble enough to do that kind of thing.

FULL TRANSCRIPT FROM THE BLAZE

SPEAKER: Stephen Lerner. Speaker at the Left Forum 2011 “Towards a Politics of Solidarity” Pace University March 19, 2011

Speaker Bio: Stephen Lerner is the architect of the SEIU’s groundbreaking Justice for Janitors campaign.  He led the union’s banking and finance campaign and has partnered with unions and groups in Europe, South American and elsewhere in campaigns to hold financial institutions accountable. As director of the union’s private equity project, he launched a long campaign to expose the over-leveraged feeding frenzy of private equity firms during the boom years that led to the ensuing economic disaster.

TRANSCRIPT:

It feels to me after a long time of being on defense that something is starting to turn in the world and we just have to decide if we are on defense or offense

Maybe there is a different way to look at some of theses questions  it’s hard for me to think about any part of organizing without thinking what just happened with this economic crisis and what it means

I don’t know how to have a discussion about labor and community if we don’t first say what do we need to do at this time in history what is the strategy that gives us some chance of winning because I spent my life time as a union organizer justice for janitors a lot of things

It seems we are at a moment where the world is going to get much much worse or much much better

Unions are almost dead we cannot survive doing what we do but the simple fact of the matter is community organizations are almost dead also and if you think about what we need to do it may give us some direction which is essentially what the folks that are in charge – the big banks and everything – what they want is stability

Every time there is a crisis in the world they say, well, the markets are stable.

What’s changed in America is the economy doing well has nothing to do with the rest of us

They figured out that they don’t need us to be rich they can do very well in a global market without us so what does this have to do with community and labor organizing more.

We need to figure out in a much more through direct action more concrete way how we are really trying to disrupt and create uncertainty for capital for how corporations operate

The thing about a boom and bust economy is it is actually incredibly fragile.

There are actually extraordinary things we could do right now to start to destabilize the folks that are in power and start to rebuild a movement.

For example, 10% of homeowners are underwater right their home they are paying more for it then its worth 10% of those people are in strategic default, meaning they are refusing to pay but they are staying in their home that’s totally spontaneous they figured out it takes a year to kick me out of my home because foreclosure is backed up

If you could double that number you would  you could put banks at the edge of insolvency again.

Students have a trillion dollar debt

We have an entire economy that is built on debt and banks so the question would be what would happen if we organized homeowners in mass to do a mortgage strike if we get half a million people to agree  it would literally cause a new finical crisis for the banks not for us we would be doing quite well  we wouldn’t be paying anything.

Government is being strangled by debt

The four things we could do that could really upset wall street

One is if city and state and other  government entities demanded to renegotiate their debt
and you might say why would the banks ever do it  – because city and counties could say we won’t do business with you in the future if you won’t renegotiate the debt now

So we could leverage the power we have of government and say two things  we won’t do business with you JP Morgan Chase anymore unless you do two things: you reduce the price of our interest  and second you rewrite the mortgages for everybody in the communities

We could make them do that

The second thing is there is a whole question in Europe about students’ rates in debt structure. What would happen if students said we are not going to pay.  It’s a trillion dollars. Think about republicans screaming about debt a trillion dollars in student debt

There is a third thing we can think about what if public employee unions instead of just being on the defensive  put on the collective bargaining table when they negotiate they say we demand as a condition of negotiation that the government renegotiate – it’s crazy that you’re paying too much interest to your buddies the bankers it’s a strike issue  – we will strike unless you force the banks to renegotiate/

Then if you add on top of that if we really thought about moving the kind of disruption in Madison but moving that to Wall Street and moving that to other cities around the country

We basically said you stole seventeen trillion dollars – you’ve improvised us and we are going to make it impossible for you to operate

Labor can’t lead this right now so if labor can’t lead but we are a critical part of it  we do have money we have millions of members who are furious

But I don’t think this kind of movement can happen unless community groups and other activists take the lead.

If we really believe that we are in a transformative stage of  what’s happening in capitalism

Then we need to confront this in a serious way and develop really ability to put a boot in the wheel  then we have to think not about labor and community alliances  we have to think about how together we are building something that really has the capacity to disrupt how the system operates

We need to think about a whole new way of thinking about this not as a partnership but building something new.

We have to think much more creatively. The key thing… What does the other side fear the most – they fear disruption. They fear uncertainty. Every article about Europe says in they rioted in Greece the markets went down

The folks that control this country care about one thing how the stock market goes what the bond market does how the bonuses goes. We have a very simple strategy:

• How do we bring down the stock market
• How do we bring down their bonuses
• How do we interfere with there ability to be rich

And that means we have to politically isolate them, economically isolate them  and disrupt them

It’s not all theory i’ll do a pitch.

So a bunch of us around the country think who would be a really good company to hate we decided that would be JP Morgan Chase  and so we are going to roll out over the next couple of months what would hopefully be an exciting campaign about JP Morgan Chase that is really about challenge the power of Wall Street.

And so what we are looking at  is the first week in May can we get enough people together starting now to really have an week of action in New York I don’t want to give any details because I don’t know if there are any police agents in the room.

The goal would be that we will roll out of New York the first week of May. We will connect three ideas

• that we are not broke there is plenty of money
• they have the money  – we need to get it back
• and that they are using Bloomberg and other people in government as the vehicle to try and  destroy us

And so we need to take on those folks at the same time

and that we will start here we are going to look at a week of civil disobedience – direct action all over the city
then roll into the JP Morgan shareholder meeting which they moved out of New York because I guess they were afraid because of Columbus.

There is going to be a ten state mobilization it try and shut down that meeting and then looking at bank shareholder meetings around the country  and try and create some moments like Madison except where we are on offense instead of defense

Where we have brave and heroic battles challenging the power of the giant corporations. We hope to inspire a much bigger movement about redistributing wealth and power in the country and that labor can’t do itself that community groups can’t do themselves but maybe we can work something new and different that can be brave enough  and daring and nimble enough to do that kind of thing.

People just can’t bring themselves to believe that their leaders are evil people with wicked agendas.  It’s that, “Oh, no, Chester isn’t molesting my little boy; he loves him” sort of thing.  It doesn’t seem to matter how much evidence there is, they just won’t believe it until it’s too late and the damage is done.  It wasn’t just German Aryans who bought Adolf Hitler; a lot of JEWS enthusiastically voted for him.  They thought, “This Antisemitic stuff is just party rhetoric; Hitler will put it aside as soon as he’s in power.”  And all of the adoring masses just refused to realize that they were anointing a monster and giving him their sons.

You can read and watch and listen to what the left has been trying to do for more than five decades.  That’s how old this Cloward and Piven agenda is.  You can listen to what the SEIU is trying to do.  It’s right in front of your face.  You can see all the evidence that Barack Obama is their man, and how committed he is to their agenda, in his own words.

What more do you need?  When will you wake up?

The union agenda is straight from hell.  And it has been for a very long time.  And Obama is very much a part of it.

Then there’s that someone somewhere who might be out there saying, “Gosh, I kind of agree with that Steven Lerner guy.  The rich have lots of money, and I’d like to have their money.  Maybe he isn’t so utterly depraved after all.”  Think about this: Steven Lerner of the SEIU is demonizing capitalism, the system which has been proven by 200 years of history to be the freest and most successful – not to mention most profitable and most powerful – system in the history of the entire world.

And what are these people basically suggesting as his model for replacement?  Something that oozed right out of the pits of hell into Karl Marx’s vile brain.  And from there it oozed into the Union of Soviet Socialist Republics, then the National Socialist German Workers Party, then the number-one-humanity-massacring People’s Republic of China, and from there to hellholes in Cuba, Vietnam, Cambodia, etcetera.

These are truly bad, depraved, vile, wicked, evil people.  And if they get their way, not only will your children die lingering deaths, but you probably will too.

Obama Stimulus Wreckovery Act: $111 Million ‘Saved’ Only 55 Jobs

Barry Hussein is such an unmitigated failure that it defies description.

But at least we can describe his porkulus record:

L.A.: $111M in Stimulus Saved Just 55 Jobs
By William Lajeunesse
Published September 17, 2010

More than a year after Congress approved $800 billion in stimulus funds, the Los Angeles city controller has released a 40-page report on how the city spent its share, and the results are not living up to expectations.

“I’m disappointed that we’ve only created or retained 55 jobs after receiving $111 million,” said Wendy Greuel, the city’s controller. “With our local unemployment rate over 12 percent we need to do a better job cutting red tape and putting Angelenos back to work.”

According to the audit, the Los Angeles Department of Public Works spent $70 million in stimulus funds — in return, it created seven private sector jobs and saved seven workers from layoffs. Taxpayer cost per job: $1.5 million.

The Los Angeles Department of Transportation created even fewer jobs per dollar, spending $40 million but netting just nine jobs. Taxpayer cost per job: $4.4 million.

Greuel blamed the dismal numbers on several factors:

1. Bureaucratic red tape: Four highway projects did not even go out to bid until seven months after they were authorized.

2. Projects that were supposed to be competitively bid in the private sector went instead went to city workers.

3. Stimulus money was not properly tracked within departments

4. Both departments could not report the jobs created and retained in a timely fashion..

“I would say maybe in a grade, a B- in creating the jobs,” Greuel told Fox News. “They have started to spend those dollars but it took seven months to get some of those contracts out. We think in the city that we should move quickly and not in the same usual bureaucratic ways.”

But as we consider the debate over extending the Bush tax cuts for ALL Americans, one thing is obvious: the government is FAR better at “stimulating” private sector jobs than rich people who run millions of small and large businesses.  And if you don’t believe that, you’re a racist.

Meanwhile, the poverty rate has increased by more under Barry Hussein than under ANY president in FIFTY YEARS.  But you have to admit, he’s doing a really, REALLY good job creating poverty.

Please, please vote for Democrats this November.  Vote for the greatest economic disaster in American history.  Democrats have worked feverishly to implode America so that they can bring their Cloward and Piven strategy to fruition.  But they need more time to destroy the America that the hated founding fathers envisioned; and two more years ought to be enough for them to complete the “fundamental transformation” of America into their Marxist-fascist Utopia.

Remember, Americans, you are greedy and arrogant, just as Obama has been telling the world while he apologized for our depravity.  We deserve to suffer.  So please vote Democrat so our chickens can finally truly come home to roost once and for all.

Why Does Left Demand Arizona Suffer Out-Of-Control Chaos?

Why is the left so totally depraved?

Continued drug violence has Pinal sheriff renewing call for help

Sergio Avila
CASA GRANDE, Ariz. (KGUN9-TV) – Two men are found in a remote part of pinal county shot to death. The Pinal County Sheriff believes the men were shot by fellow smugglers. Paul Babeu tells KGUN9 News this is just another example of drug violence spilling deep into Arizona.

It was just five weeks ago that deputy Louie Puroll was shot in a drug corridor in west Pinal County. On Sunday, more violence in the same area. Around 7:30 p.m. that night man calls 911 speaking Spanish. He says, “somebody shot me. While we were running.”

Sheriff Paul Babeu believes the caller was smuggling drugs with the second victim.

“A competing cartel or other people stole their product from them and also killed them,” Babeu said.

An autopsy on the bodies found marks on one of the men’s shoulders consistent with carrying a large pack. Babeu tells us it could have been from carrying a drug load. Investigators are also looking into whether or not these men were involved in the shooting of deputy Purrol. That’s because they asked dispatchers to send someone to the spot where purrol was shot.

“So they’re familiar with the area. It’s just not people watching it on TV. The desert looks similar in all kinds of remote areas in Arizona. He actually knew where the deputy was shot,” Babeu said.

The sheriff admits the cartels are operating in his county and without the federal government’s help they can’t get control. KGUN 9 News asked Babeu flat out if cartels control parts of Arizona.

“Absolutely, they have in terms of the remote areas in the drug corridors in the desert here in west Pinal County. Our government has even erected signs warning citizens to beware this is a known drug corridor,” Babeu said.

When the 911 call came in deputies immediately started a search but found the two bodies shot to death after four hours of looking. In lieu of this violence Babeu is asking president Barack Obama to send 3000 National Guard troops to the border to help stop it.

“We can’t patrol not only these remote areas, we have a hard enough time just responding to our emergencies,”

Deputies found an automatic rifle near one of the men who was killed. The pair has yet to be identified but Babeu believes one of the men has been caught illegally in the United States at least seven times.

There is all kinds of evidence that thousands and thousands of illegal immigrants are – yes – ILLEGALLY streaming into our country every single day.  Often they are carrying bags of drugs to feed to our children and perpetuate even more society upheaval and decay.  The site Borderinvasionpics.com has so many videos of illegals marching into our country it will make your soul scream for relief.

Why does the left want this?  Why do they actually even DEMAND it?

The left’s reaction to the entirely reasonable Arizona immigration law demonstrates that they do not want ANY control over our border at all.  Even the most reasonable policies and plans imaginable to control our border are fought bitterly by the left.  And it is utterly despicable.

The simple fact of the matter is that the federal law is FAR “harsher” or “more racist” than the Arizona law (see also here for a more detailed analysis).  The Supreme Court has ruled unanimously (that means even Ruth Bader Ginsburg voted for it!) in the 2005 Mueller v. Mena case that the federal authorities have the right to demand citizenship status at any time for any reason without the need to demonstrate reasonable suspicion [Muehler v. Mena, 544 U.S. 93 (2005) (“the officers did not need reasonable suspicion to ask Mena for her . . . immigration status.”)].  The Arizona law is actually FAR more restrictive than the current federal law that the Obama White House WILL NOT ENFORCE.  And the Arizona law is completely constitutional for that reason.  The left has demonized, demagogued, and most certainly flat-out lied about the Arizona law.

The left is going insane over the Arizona law because the federal authorities have never bothered to enforce the laws that are already on the books.  And the left is afraid that the state of Arizona might actually enforce the law it just passed, even though it is dramatically watered down in comparison to the federal law.

Because they don’t want ANY restrictions against criminal illegal aliens bringing gangs, drugs, and crime into our country whatsoever (see also here and here and here and here and here for documentation of what is clearly a massive crisis).  Yet when the left is in power, one can be assured that they will do everything they can to prevent any improvement in our ability deal with this crisis.

And yes, they will flat out lie and falsely demonize their opponents at will.

The left attacks conservatives on some bizarre moral grounds that somehow doing anything whatsoever to restrict the massive flow of illegal immigrants is somehow inhumane.  My question for them is why they think drug addiction, gang violence is humane, and a tsunami of illegal and uneducated immigrants swamping our already overwhelmed social support services is humane.

You want my answer to this question?  Why do the left demand NOTHING WHATSOEVER be done to stop the flow of illegal immigration which is increasingly destabilizing our country?  It’s another component of their Cloward and Piven strategy (see also here): progressives hate God, hate America, and want to implode it from within so that they can install a Marxist-based system in place of the one our founding fathers established for us.

Democrats Want More Than Your Share Of Your Wages. And More. And More.

Are we taxed enough as Americans?  Should we be outraged over the level of taxation?  Read this and tell me why you shouldn’t be.  And explain to me why the Democrats are right in confiscating more and more of Americans’ property, and Republicans are wrong in trying to allow citizens to hold on to more of what they earn:

The Government’s Share Of Your Paycheck
Is Bigger Than Your Share
Hard work is good for you.  It is better for the government.

Here is the scenario:  A musical composer applied for a job with a theatrical production company to write the music and lyrics for a new stage production.  The arrangement was, lyrics and music and all artistic rights in return for a compensation package of $100,000. The composer agreed, thinking this would give him an opportunity to purchase that very special collector’s automobile he had been dreaming about for years and is now available for $95,000.

At the end of his contract the production company was happy with the composer’s work and wrote the promised check to the composer’s financial manager.  Upon the manager’s presentation of the composer’s paycheck, the composer became very angry and retorted “They promised me $100,000 and this check is for only $49,560 what happened to the rest of the money.”

The financial manager replied, “The rest of the money went for taxes.  Your government has determined they are entitled to share in the fruits of your labors.  You were paid $100,000 and that placed you in the federal 28% tax bracket so that left you with $72,000.  Then we had to withhold federal self-employment FICA taxes of 12.4% and medicare taxes of 5.8% and those taxes totaled another 18.2% or $18,200 so that left you with $53,800.  And, the State of Arizona’s share of your labors is another 4.24% or $4,240 so that left you with $49,560.  Here’s your check, go spend it wisely.”

Well, there goes my dream of the special collector’s car so I guess I will have to settle for a new Cadillac that I can purchase in these troubled times for $45,000 and I will have nearly $5,000 left over which will be enough for my wife and me to drive from Phoenix to San Diego in our brand-new car and purchase a cruise on the Mexican Riviera. Wine, dine and sunshine.  Life is good.

Off to the Cadillac dealer and after selecting the model and options and negotiating the price to $45,000 the composer said “I’ll take it.  Hooray!”

The dealer handed the bill to the composer for $49,503.  The composer shouted “What?  We agreed on $45,000.  There goes my cruise”  The Cadillac dealer said “Arizona is entitled to share in the fruits of your labors and their share of your purchase is State, County and City sales taxes of 8.3%, or $3,735 and Registration and License fees of $768 for a total Arizona share of $4,503 and the dealer charges $50 as a documentation fee bringing the total purchase price to $49,553.  Here is a check for $7.00 as change for the $49,560 check you gave us.  Go spend it wisely.”

This might be a true story.  Somewhere in this vast country a similar scenario has happened.

Now, let’s look at the big picture.  A man worked and earned $100,000 and governments took $50,440 right off the top leaving the worker with $49,560 to spend.  When he spent it, governments grabbed another $4,503 in additional taxes.  This is a total of $54,947 (or 55%) of this worker’s earnings.  Plus, do not forget, to have $4.500 left over to pay the state governments their share of his purchase, the worker had to earn $9,000 BEFORE income taxes.  Should you wish to purchase a $45,000 automobile, you must earn $100,000 to do so.

Your governments tax you when you earn money and tax you when you spend money.  And, if you do not spend it, they will tax your estate when you die.  When the George Bush tax cuts expire next year and the Death Tax returns to 55%, your government will have taxed the first 50% when you earned it, and then grab the remaining 50% when you die.

And the Obama Democrats want more!

It never occurs to the government to stop spending.

That’s the way I see it.
July 17, 2009

This is the kind of thing that applies in virtually every sphere under the sun.  Take gasoline taxes.  Did you know that the government takes twice the dollars in gasoline sales taxes than the oil companies do in profits?  And do you know who pays that? You better know, you sucker; because it’s YOU.  The oil companies pass on all the taxes imposed by Democrats to you, the quintessential resident sap.  Every single time the government imposes taxes on businesses, those business pass those taxes on to you in the form of higher prices.

Another thing that is interesting emerges from this paragraph on the states with the highest state income taxes.  The author uses Arizona, presumably because he is from that state.  But Arizona has a measly 4.24% tax rate.  If he wanted to really make his case, he would have used a different state with a higher tax rate:

New Jersey residents paid 11.8%, topping the charts.  New Yorkers were close behind, paying 11.7%, and Connecticut was third at 11.1%.  The top 10 were rounded out by Maryland (10.8%), Hawaii (10.6%), California (10.5%), Ohio (10.4%). Vermont (10.3%), Wisconsin (10.2%) and Rhode Island (10.2%).

What is interesting and informative is every single one of those ten states with the highest tax rates – every single one – is a Democrat state that voted for Barack Obama.

How do liberals define stealing?  If the government seizes my property, just because it has the power to do so, how is that not stealing?  How is it not stealing when the welfare-wanting masses vote to seize the assets of people who obtained their wealth through hard work and sound investment while they were sitting on the couch in front of the boob tube and pissing their money away with compulsive buying?

Another thing that should be pointed out is that Americans – even BEFORE the November 2008 election that gave us Barack Obama to go along with overwhelming Democrat majorities in Congress – believe that higher taxes hurt the economy by reducing both revenues and jobs.

It’s simply amazing how false promises and demagogic accusations have managed to sway people to vote against their values – and for people who will undermine those values.

Benjamin Franklin said, “When the people find that they can vote themselves money, that will herald the end of the republic.”  In voting for Democrat total control, the American people essentially decided to send the United States crashing down.

As much as Democrats shrilly demagogued the Bush spending (which actually WAS outrageous), they are now entirely responsible for spending which utterly dwarfs anything Bush ever dreamed of imposing.

Consider that Obama spent more in just 20 months in office than Bush did in his entire 8 years.

From the Wall Street Journal:

Mr. Obama cannot dismiss critics by pointing to President George W. Bush’s decision to run $2.9 trillion in deficits while fighting two wars and dealing with 9/11 and Katrina. Mr. Obama will surpass Mr. Bush’s eight-year total in his first 20 months and 11 days in office, adding $3.2 trillion to the national debt. If America “cannot and will not sustain” deficits like Mr. Bush’s, as Mr. Obama said during the campaign, how can Mr. Obama sustain the geometrically larger ones he’s flogging?

Incredibly, I routinely continue to hear Democrat politicians blame Bush for his spending – which is tantamount to these Democrats admitting that they are hypocrites, liars, and absolute demagogues.

And where does it end?

With the American experiment in a democratic republic going the way of the Dodo bird.

We voted to destroy ourselves by spending ourselves into bankruptcy and economy collapse.  And Obama has been hard at work bringing that “hope and change” about.  And all it takes to understand WHY this outcome is actually “hope and change” is the realization that a great many liberal “intellectuals” have yearned for the destruction of the United States of America for decades.

There’s little question that the anvil will fall on the US economy due to the near doubling of the national debt as Obama adds a projected $9.3 trillion to the $11.7 trillion hole we’re already in.  Obama is borrowing 50 cents on the dollar as he explodes the federal deficit by spending four times more than Bush spent in 2008 and in the process “adding more to the debt than all presidents — from George Washington to George Bush — combined.” And most terrifying of all, Obama’s spending will cause debt to double from 41% of GDP in 2008 to a crushing 82% of GDP in 2019.

What will be the result of all this insane spending, and not very far off? A quote from a CNS News story should awaken anyone who thinks the future will be rosy:

By 2019, the CBO said, a whopping 82 percent of the nation’s gross domestic product (GDP) will go to pay down the national debt. This means that in future years, the government could owe its creditors more than the goods and services that the entire economy can produce.

This massive spending under Obama and Democrats merely continues a trend that has been going on for decades: when you look at Congress’ spending when Democrats have been in control versus when Republicans have been in control over the last thirty years, you find that Democrat Congresses have accumulated 2.5 TIMES the debt that Republican Congress’ have.

Which is why Rep. Eric Cantor was right when he said:

Rep. Eric Cantor (R-Minority Whip) on ABC’s “This Week”:
“If you look at the kind of deficit that we’ve incurred over the last three years that the Democrats have been in control of Congress, 60% of the overall deficit from the last ten years has occurred in that period. And frankly with the incurrence of the debt, we’ve seen very little result. That’s why we think we ought to choose another way.”

But we didn’t go the Republican way: we went the Democrats’ way.  And it should be rather obvious by now that it was the WRONG WAY.

And so the day is soon coming when Americans will be called upon to support massive tax increases such that the United States has never seen in its entire history, or else go completely broke and go the way of Greece.  But of course it will have been high government taxation and even higher government spending that broke us to begin with.

Liberals are going to continue to steal from the classes that they demonize – as befits the “from-each-according-to-his-ability-to-each-according-to-his-need” communists they quintessentially are – and they will continue to steal from generations yet unborn (at least those whom they haven’t murdered in their abortion mills) until there is nothing left of this nation but a hollowed-out shell.

And don’t think for a second that that isn’t exactly what many liberals – including many Obama friends and members of the Obama administration – want.

It’s coming for you, average American.  Liberals are presently demonizing the rich and demanding that they pay more and more and more.  But there aren’t enough rich people to pay these skyrocketing debts.  And so they’re going to start going after your wealth.  Do you know that even the poorest Americans have far more than most “citizens of the world”? When will you be told to pay YOUR share the way the rich have already been called upon to pay far more than theirs?

That’s right, craven average American liberal.  Pretty soon, the Democrats won’t be taxing the other guy; they’re going to come after YOU.  Not only because Democrats have spent too much to count on the wealthy to pay the load, but because the same argument that justified stealing the wealth of the rich in America is the identical same argument that will justify stealing YOUR wealth from YOU.  Just as the rich have far more than the average American, the average American has FAR more than the average Zimbabwean, who lives on less than $100 a year.  And the day is coming when you’re going to be taxed up the wazoo according to your own morally idiotic argument that you used to seize the wealth of your fellow Americans.

It will mean the destruction of American in every way, shape, and form, but at least I’d be able to see the look on the faces of all the people who thought that it was fair to force the top 50% of taxpayers to pay more than 97% of the taxes so that the other half can get off completely free and live like parasites.

I want to see the look on your faces when “the President of the world” starts going after what you’ve saved for yourselves and your children.  And many of you will have to demonstrate what collocate hypocrites you’ve been all along when you try to protect your assets from a government seizure of wealth that finally went too far for your comfort by going after you.

We don’t have much more time, Americans.  We will either vote these Democrats out, and rid ourselves from the menace of liberalism once for all, or we will economically implode.  And Democrats who will have brought that implosion into being will seek to use that implosion to impose the socialist society they’ve always dreamed of.

Obama Sets Record With Biggest Deficit In History

The left told us that Obama’s was a historic presidency.  And they were right: he just smashed his own record for massive and totally unsustainable deficits.

Budget deficit sets record in February
By MARTIN CRUTSINGER (AP)

WASHINGTON — The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year.

The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.

The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago.

The Obama administration is projecting that the deficit for the 2010 budget year will hit an all-time high of $1.56 trillion, surpassing last year’s $1.4 trillion total. The administration is forecasting that the deficit will remain above $1 trillion in 2011, giving the country three straight years of $1 trillion-plus deficits.

The administration says the huge deficits are necessary to get the country out of the deepest recession since the 1930s. But Republicans have attacked the stimulus spending as wasteful and a failure at the primary objective of lowering unemployment.  [Editorial note: The Republicans are right, and the American people know it.  The stimulus is a gigantic porker which was recently upgraded as costing a massive $862 billion from the previous estimate of $787 billion.  But the real cost is actually $3.27 TRILLION!!! And contrary to Obama’s utterly false claims, only SIX PERCENT of Americans believe that the stimulus has created any jobs at all].

The administration defends the economic stimulus bill that Congress passed in February 2009 with a pricetag at the time of $787 billion as the right medicine to get the economy back on its feet. President Barack Obama has said even more is needed to battle an unemployment rate that remained stuck in February at 9.7 percent.  [Editorial note: When Obama was elected, unemployment was at 6.6%.  He promised that his stimulus would prevent unemployment from reaching 8%.  The stimulus failed by Obama’s own standard.  To try to explain away the failure of his policy, Obama created the nonexistent category of “saved jobs.”  But economists point out the following: “One can search economic textbooks forever without finding a concept called `jobs saved.’ It doesn’t exist…”]

The White House says that job creation will remain a top priority, hoping to convince voters that Obama did not spend too much time during his first year in office trying to get Congress to pass health care reform.  [Allow me to editorially interrupt this spin to point out that ObamaCare is the top priority, with Obama hoping to convince liberals that they need to pass this incredibly unpopular bill no matter how many Democrats lose their seats in order to “maintain a strong presidency.”  And in point of fact, they have done little else this entire year].

The government’s monthly budget report showed the record $220.9 billion deficit for February reflected outlays of $328.4 billion and revenues of $107.5 billion. The February receipts marked the first time that revenues are up compared with the same month a year ago since April 2008. Revenues had fallen for 21 straight months as the recession cut into both individual and corporate income tax payments.  [Editorials note: And yet Obama is selling his healthcare takeover as “deficit neutral” on the incredibly risky assumption that tax revenues will miraculously massively increase.  So Obama is explaining away his deficits by pointing to the frighteningly low revenues even as he bases his health care on the assumption that those same revenues will massively increase.  And if Obama is wrong, the trillions of dollars of new spending will implode our economy].

Deficits normally shoot up in February because it is a month when the government makes large refund payments to individuals and corporations as part of the tax filing process. Those payments were boosted this year by various tax credits that were expanded or added as part of the government’s stimulus efforts including the “Making Work Pay” tax credit and the first-time home buyers tax credit. [Editorial note: Which doesn’t in any way change the fact that this February’s frighteningly low revenues continues a 21-consecutive month trend.  That in addition to the fact that the stimulus is contributing to our deficit crisis].

Through the first five months of the budget year, government revenues totaled $800.5 billion, down 7 percent from a year ago, while outlays totaled $1.45 trillion, up a slight 0.1 percent from a year ago.

The deficit of $651.6 billion through February is up by 10.5 percent from the $589.8 billion deficit run up during the first five months of the 2009 budget year. The government’s budget year begins on Oct. 1.

The budget that Obama sent to Congress in February projects that the deficits over the next decade will total $8.53 trillion. But the Congressional Budget Office last week put the 10-year total even higher at $9.8 trillion. Part of the reason for the $1.2 trillion difference is that the CBO is projecting slower economic growth and thus less tax revenues than the administration over the next decade.  [Editorial note: Number one, this proves we can’t trust the Obama administration or the government’s cost estimates to do anything other than be lowball figures.  Number two, passing trillions in new spending via ObamaCare is hardly the thing to do given the fact that we will have LOWER revenues rather than higher ones].

The administration has maintained that the country must run large budget deficits until the economy has begun to grow at a sustainable pace that is bringing the unemployment rate down. Only then, the administration says, should the government focus on getting control of the deficits.  [Editorial note: So I’m flat broke and deeply in debt.  Clearly the thing I need to do is go on a massive spending spree on my credit card in order to get out of debt!!!].

Obama has created by executive order an 18-member fiscal reform commission that has been charged with coming up with a plan to shrink the deficit to 3 percent of the economy within five years. The plan is scheduled to be unveiled in December, after the midterm congressional elections.  [Editorial note: What Obama has in fact created is a tool to weasel out of his repeated campaign promise not to raise taxes on “95% of Americans” by so much “as one dime”].

With the economy so weak, the interest rates that the government has to finance the flood of red ink have remained low. However, economists are worried that the favorable outlook on interest rates could change quickly if investors, including foreign investors, start to worry about the government’s commitment to restraining future deficits. China is the largest foreign holder of U.S. Treasury securities.  [Editorial note: First of all, the Associated Press is factually wrong: Japan is now our largest holder, as China is jumping off the proverbial sinking ship.  And to make things even worse, China is preparing to abandon the dollar altogether.  Second, just to clarify, what this paragraph means is that the moment our interest rates go up – which they have to do in order to deal with our debt/deficits – we will have a double-dip recession.  And the second dip may well be worst than the first].

Through the first five months of this budget year, net interest payments totaled $86.5 billion, up 15.3 percent from a year ago.  [Editorial note: this is exactly what happened to Greece; and we are not far away from the same sort of implosion occurring here.  Obama’s “solution” is to borrow more money in more unsustainable spending which will ultimately push our interest payments rates up and up].

In its report last week, the CBO predicted that the government debt held by investors would climb from $7.5 trillion at the end of last year to $20.3 trillion in 2020. CBO forecast that interest payments would more than quadruple from a projected $209 billion this year to $916 billion annually by the end of the decade.  [Editorial note: So let’s just keep spending and spending and spending until we fly off a cliff to our deaths].

Congratulations on your historic presidency, Mr. Obama.  Congratulations on your new record as the biggest spender in the history of the human race.

Obama promised hope and change.  And he’s delivering.

A second Great Depression will be “change.”  And there are plenty on the left – who embrace the Cloward-Piven strategy – who are “hoping” for it.