Posts Tagged ‘created or saved’

Bumps On The Road: If At First They Don’t Succeed, Obama, Democrats (And Their ‘Experts’) Lie, Lie Again

June 6, 2011

There’s a memory that still makes me laugh.  I had a friend who worked the graveyard shift when I was in college.  When he got off work (i.e., when I was just getting up) he took his car to the shop for a repair and had asked me to meet him there and give him a ride home.

So I was standing there when the mechanic began to explain what was wrong with my friend’s car.  And my friend, wanting to see, put his hand on the radiator of the still hot engine.  He leaped back holding his hand.  The mechanic looked at him for a second, shook his head, and continued explaining.

Soon enough, my friend AGAIN put his hand on the radiator.  With the same result.  This time the mechanic looked at me and shook his head before going on.

You won’t believe this, but my friend actually did it a third time.

And the mechanic looked at him and said, “You just don’t learn, do you?”

I am here to tell you that Democrats are every bit as dumb as my friend.  And the only thing more hopelessly stupid than a liberal is a liberal “expert.”

Our economy is in a state of ruin.  Many of the most important numbers – such as unemployment and housing and manufacturing and consumer confidence – aren’t just as bad as they were when Obama took over, but far, far worse.  And with no sign of getting better.

If you survey the history of economics, there has never been a recession that lasted forever.  Sooner or later, things hit their bottoms and begin to get better.  Most severe recessions last about two years.  Even during the Great Depression – which in fact was a Great Depression for virtually every country on the planet – most of those nations emerged after no more than a few years.  The ONLY exception was the United States of America, which was being led by a socialist named FDR with near dictatorial power.  That recession/depression just went on and on and on.  FOR SEVEN YEARS LONGER THAN IT SHOULD HAVE.

Franklin Delano Roosevelt was such a disaster that we actually amended the Constitution to make sure that we’d never end up with another FDR ever again.  Roosevelt knew absolutely nothing about business or economics and actually thought that by punishing business he’d somehow get more employment.  Like my friend, he repeated the same mistakes again and again and again, constantly expecting different results than the ones he kept getting.

And that is precisely where we are today: helplessly writhing in the grasp of a dictatorial socialist fool.

Allow me to show you how Obama, how the Democrats and how their “economists” – to put it in the words of the mechanic – “just don’t learn.”

Let’s begin with the beginning of the Obama regime, with his “stimulus” (also known as the Generational Theft Act): pork barrel spending that will ultimately cost the American people $3.27 TRILLION.

What did Obama promise you, as even the New York Times was forced to admit?

In the weeks just before President Obamatook office, his economic advisers made a mistake. They got a little carried away with hope.

To make the case for a big stimulus package, they released their economic forecast for the next few years. Without the stimulus, they saw the unemployment rate  —  then 7.2 percent  —  rising above 8 percent in 2009 and peaking at 9 percent next year. With the stimulus, the advisers said, unemployment would probably peak at 8 percent late this year.

We now know that this forecast was terribly optimistic.

According to Obama’s forecase, unemployment would NEVER rise above 8% if that massive government spending aka the stimulus was passed.  And unemployment would be UNDER 7% this year.  Let’s chalk that up as a great big giant “NOT!!!”

OUCH!!!  That’s one hand on the hot radiator.

Obama and the Democrat Party and their “economists” continued to stuipdly talk about all the jobs he “saved.”  The only problem was that “saved jobs” had NEVER IN THE ENTIRE HISTORY OF ECONOMICS BEEN CONSIDERED PRIOR TO THE AGE OF OBAMA:

Harvard economics Professor Gregory Mankiw said, “there is no way to measure how many jobs are saved.” Allan Meltzer, professor of political economy at Carnegie Mellon University said “One can search economic textbooks forever without finding a concept called ‘jobs saved.’ It doesn’t exist for good reason: how can anyone know that his or her job has been saved?”

And they went on and on with pure unadulterated totally bogus bullcrap to pat themselves on the back for what in reality was a total fiasco.  They just don’t learn, do they?

“OUCH!!!”

Let’s call that a second hand on the hot radiator – even though they did it over and over and over again – and are STILL doing it as we speak.

But that wasn’t it with this pile of pure fools.  If at first your policy fails, keep trying to fail more and bigger:

Obama Defends Stimulus Amid Calls For Round Two
by Mara Liasson   July 8, 2009

President Obama is being forced to wade into a domestic economic debate that just won’t go away: As the unemployment rate rises, there have been calls for a second round of stimulus spending.

Obama is in a difficult position. He has to defend his $787 billion economic stimulus package at a time when there are few visible signs that it has had an effect. Unemployment is at 9.5 percent, even though the White House predicted in January that with the stimulus bill, it would rise to only about 8 percent

That’s right, boys and girls.  Obama and his ilk couldn’t learn from the hot radiator.  They assumed that something else must have been hot, and they weren’t really touching what they’d just been touching.  Massive government spending was just an unmitigated failure that the answer was clearly …. (drumroll, please) …. EVEN MORE MASSIVE GOVERNMENT SPENDING!!!

“OUCH!!!”  That’s a third hand on that hot radiator.

Then there were the “green shoots” Obama saw in 2009:

Obama sees the green shoots of recovery
25/03/09 05:36 CET

US President Barack Obama believes his strategy to battle the economic downturn is beginning to show some positive results.

It comes as skepticism is growing as to the wisdom of his massive budget plan. The president took to the podium to defend his actions and answer questions from the world’s media. He said: “We’ve put in place a comprehensive strategy designed to attack this crisis on all fronts. It’s a strategy to create jobs, to help responsible homeowners, to restart lending and to grow our economy over the long-term. And we are beginning to see signs of progress.” Next week Obama makes his debut on the world stage when he attends the G20 summit in London. He outlined what he was looking for from the talks. “The goal of the G20 summit, I think, is to say to all countries ‘let’s avoid steps that could result in protectionism that would further contract global trade.’ Let’s focus on how are we going to move our regulatory process forward,” he said. Obama claims his economic plan, along with his new budget which is being prepared, is based on job creation, a more fluid housing market and a banking industry that is prepared to get credit flowing again.

Were there ever any green shoots?  Nope.  And certainly if there WERE, it’s a bunch of dead grass now.  Obama’s bullcrap stinks to high heaven, but it lacks the power to fertilize much of anything.

“OUCH!!!”

You put your hand there AGAIN, Barry Hussein?  Man, you just don’t learn, do you?

You might have thought my friend was pretty dumb.  But history would prove that he’s smarter than the man who is now President of the United States.  My friend only did it three times.  Obama’s up to four and counting.

Because what did we have in 2010 but “recovery summer”???

Obama, Biden declare ‘Recovery Summer’
By MIKE ALLEN | 6/17/10 5:06 AM EDT

Vice President Joe Biden today will kick off the Obama administration’s “Recovery Summer,” a six-week-long push designed to highlight the jobs accompanying a surge in stimulus-funded projects to improve highways, parks, drinking water and other public works.

David Axelrod, a senior adviser to the president, said: “This summer will be the most active Recovery Act season yet, with thousands of highly-visible road, bridge, water and other infrastructure projects breaking ground across the country, giving the American people a first-hand look at the Recovery Act in their own backyards and making it crystal clear what the cost would have been of doing nothing.”

Biden, President Barack Obama and other administration officials will travel to more than two dozen Recovery Act project sites in coming weeks. On Friday, the president will travel to Columbus, Ohio, to mark the groundbreaking of the 10,000th Recovery Act road project to get under way. The administration says the road improvement project in downtown Columbus is expected to create over 300 construction jobs, and will contribute to a broader economic development effort in the area around Nationwide Children’s Hospital. […]

“OUCH!!!”

Oh, come ON, Barry Hussein.  Are we going to have to put a cork on your fork so you don’t stab out your other eye???

Okay, so last year we were at “wreckovery summer.”  What now?  I mean, what else can this fool possibly say?

Well, now all the terrible news about unemployment, about housing, about manufacturing, about consumer confidence is all just a “bump in the road.”

There are always going to be bumps on the road to recovery,” Obama said.

“OUCH!!!”

Obama is a far more stupid and more foolish man than my friend will ever be.

The question is, just how stupid are YOU???  I hope not so much as to actually re-elect this complete moral idiot.

In August 2009, while Obama was still talking about his “green shoots,” we had this prediction:

Peter Schiff, Pres Euro Pacific Capital: “The recession might be coming to an end; the problem is the depression is just getting started.”

“Newsweek trumpets the recession is over.  But it’s just a temporary ‘good time’ like the high you get if you do too much crack cocaine; with the stimulus being an artificial stimulant that gets us deeper and deeper into debt.  Remember the problem was we took on too much debt; well, now we have even more debt than when the recession began.”

OUCH!!!

Only this one is YOUR hand on the boiling hot radiator of an economy in meltdown …

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Sanctimonious Hypocrite Obama Caught Red-Handed Altering Science Document

November 11, 2010

When Obama took office, he self-righteously proclaimed:

WASHINGTON – From tiny embryonic cells to the large-scale physics of global warming, President Barack Obama urged researchers on Monday to follow science and not ideology as he abolished contentious Bush-era restraints on stem-cell research. “Our government has forced what I believe is a false choice between sound science and moral values,” Obama declared as he signed documents changing U.S. science policy and removing what some researchers have said were shackles on their work.

“It is about ensuring that scientific data is never distorted or concealed to serve a political agenda — and that we make scientific decisions based on facts, not ideology,” Obama said.

Researchers said the new president’s message was clear: Science, which once propelled men to the moon, again matters in American life.

Lah dee dah, you Liar-in-Chief.

A few words about embryonic stem cells:

Despite the propaganda trumpeting the benefits that embryonic stem cells will bring to thousands of people suffering from Parkinson’s disease, Alzheimer’s, and other crippling injuries and maladies, not one cure using human embryonic stem cells has been found during the more than 20 years scientists have been studying them.

On the other hand, hundreds of cures have already been effected using adult stem cells, and each week brings news of more cures or ameliorizations of injuries and diseases. Do No Harm: The Coalition of Americans for Research Ethics publishes frequent studies showing the failure of embryonic stem cell research to offer any cures — despite the vast sums poured into such research and the claims made by “leading” researchers — and the successes of adult stem cell research and research using morally obtained pluripotential stem cells.

A few years ago, the state of Californian pissed away $3 billion in embryonic stem cell research, because intelligent investors didn’t want to waste any of their own money.  What happened?  It was a total failure:

Supporters of the California Stem Cell Research and Cures Initiative, passed in 2004, held out hopes of imminent medical miracles that were being held up only by President Bush’s policy of not allowing federal funding of embryonic stem cell research (ESCR) beyond existing stem cell lines and which involved the destruction of embryos created for that purpose.

Five years later, ESCR has failed to deliver and backers of Prop 71 are admitting failure. The California Institute for Regenerative Medicine, the state agency created to, as some have put it, restore science to its rightful place, is diverting funds from ESCR to research that has produced actual therapies and treatments: adult stem cell research. It not only has treated real people with real results; it also does not come with the moral baggage ESCR does.

Bottom line.  It was Great Satan OBAMA who was following ideology and not science.  Not Bush.  Bush was right; it was OBAMA who was pursuing ideology and calling it “science.”

As for global warming, let me just say “Climategate.”  In a fitting capstone of years of fraud, we have in the very words of climate “scientists” admissions of falsifying data, of deliberately concealing evidence and destroying data, of knowingly using “tricks” to manipulate data and produce deceptive results, and of engaging in a corrupt pattern of destroying scientific opponents by any means necessary.

There is so much evidence proving that global warming, climate change, or whatever the propagandists are calling it these days, is a complete and utter fraud, that I’ve got more than fifty articles dealing with the subject.

Again, it was OBAMA who was pursuing ideology rather than science.

Another example of Obama totally perverting science and academia has been his incredible deception over his stimulus package.  Obama literally created an entire new “understanding” of economics by claiming that his stimulus had “created or saved” jobs.  But:

Harvard economics Professor Gregory Mankiw said, “there is no way to measure how many jobs are saved.” Allan Meltzer, professor of political economy at Carnegie Mellon University said “One can search economic textbooks forever without finding a concept called ‘jobs saved.’ It doesn’t exist for good reason: how can anyone know that his or her job has been saved?”

And the massive lies Obama told to impose his ObamaCare on the American people have simply been stunning.

The facts don’t matter.  Truth doesn’t matter.  Reality doesn’t matter.  Only naked partisan ideology matters.

But the case against Obama as a massive hypocrite, liar and fraud is more slam dunk than that.  Obama has been caught clearly doing the very thing he so pompously demonized his predecessor for doing:

Govt’s handling of science on oil spill questioned
The oil spill that damaged the Gulf of Mexico’s reefs and wetlands is also threatening to stain the Obama administration’s reputation for relying on science to guide policy.
By DINA CAPPIELLO
Associated Press
Originally published Wednesday, November 10, 2010 at 6:08 AM

WASHINGTON — The oil spill that damaged the Gulf of Mexico’s reefs and wetlands is also threatening to stain the Obama administration’s reputation for relying on science to guide policy.

Academics, environmentalists and federal investigators have accused the administration since the April spill of downplaying scientific findings, misrepresenting data and most recently misconstruing the opinions of experts it solicited.

[…]

The latest complaint from scientists comes in a report by the Interior Department’s inspector general, which concluded that the White House edited a drilling safety report in a way that made it falsely appear that scientists and experts supported the administration’s six-month ban on new deep-water drilling. The AP obtained the report early Wednesday.

The inspector general said the editing changes by the White House resulted “in the implication that the moratorium recommendation had been peer reviewed.” But it hadn’t been. Outside scientists were asked only to review new safety measures for offshore drilling.

“There are really only a few people that know what they are talking about” on offshore drilling,” said Ford Brett, managing director of Petroskills, a Tulsa, Okla.-based petroleum training organization. “The people who make this policy do not … so don’t misrepresent me and use me for cover,” said Brett, one of seven experts who reviewed the report.

[…]

Last month, staff for the presidential oil spill commission said that the White House’s budget office delayed publication of a scientific report that forecast how much oil could reach the Gulf’s shores. Federal scientists initially used a volume of oil that did not account for the administration’s various cleanup efforts, but the government ultimately cited smaller amounts of oil.

The same report said that President Barack Obama’s energy adviser, Carol Browner, mischaracterized on national TV a government analysis about where the oil went, saying it showed most of the oil was “gone.” The report said it could still be there. It also said that Browner and the head of the National Oceanic and Atmospheric Administration, Jane Lubchenco, contributed to the public’s perception the report was more exact than it was by emphasizing peer review.

[…]

All seven experts asked to review the Interior Department’s work expressed concern about the change made by the White House, saying that it differed in important ways from the draft they had approved.

“We believe the report does not justify the moratorium as written, and that the moratorium as changed will not contribute measurably to increased safety and will have immediate and long-term economic effects,” the scientists wrote earlier this year to Louisiana Gov. Bobby Jindal and Sens. Mary Landrieu and David Vitter. “The secretary should be free to recommend whatever he thinks is correct, but he should not be free to use our names to justify his political decisions.”

Those complaints were similar to those of other scientists.

“Their estimates always seemed to be biased to the best case,” said Joseph Montoya, a biology professor at Georgia Tech. “A number of scientists have experienced a strong push back.”

The inspector general’s report said the administration did not violate federal rules because the executive summary did not say the experts approved of the moratorium and because the department publicly clarified what the experts said and had offered a formal apology.

Associated Press writers Seth Borenstein in Washington and Harry R. Weber in New Orleans contributed reporting.

If Barack Obama were to shoot someone dead on live television before an audience of hundreds of millions, there would be armies of “journalists” who would desperately try to change the story, change the facts, or somehow argue “Bush did it.”

Fortunately, a majority of the American people are finally coming to realize what a disgrace to the truth Barack Obama truly is.

Fed Changes Mind After Changing Mind, Monetizing Debt Again As America Flushes Way To Ruination

August 12, 2010

First, the New York Times headline:

Fed to Buy U.S. Debt, Saying Recovery Has Slowed
August 10, 2010, 2:19 pm

The Federal Reserve acknowledged Tuesday that its confidence in the economic recovery had dimmed, and it announced that it would use the proceeds from its huge mortgage-bond portfolio to buy long-term Treasury securities, The New York Times’s Sewell Chan reports from Washington.

Bu bu but I thought Barry Messiah said this would be the summer of economic recovery.  I thought Barry Hussein had kissed the economy with his beatific wonderfulness and made it all better.

The fourth paragraph in the Slimes article underscores the fact that the Keystone cops of the Obama administration have absolutely no idea what they’re doing:

The Fed’s new stance marked the completion of a turnabout from a few months ago, when officials were discussing when and how to eventually raise interest rates and gradually shrink the $2.3 trillion balance sheet the Fed amassed through its response to the 2008 financial crisis.

Ben Bernanke came out back in February and had this finance fit:

Wednesday, Federal Reserve Chairman Ben Bernanke warned Congress that the Federal Reserve does not plan to “print money” to help Congress finance the exploding U.S. national debt.  In fact, Bernanke told Congress that the U.S. could soon face a debt crisis as bad as the one in Greece if the U.S. government does not get things in order financially.  This represents a fundamental change in policy for the Federal Reserve, because they have been enabling the massive borrowing by the U.S. government over the past couple of years by “buying” the majority of new U.S. government debt that has been issued.  But now the fat cats over at the Federal Reserve have apparently changed their minds.  Using uncharacteristic bluntness, Bernanke told Congress that the Federal Reserve is “not going to monetize the debt”.So why is the Federal Reserve changing course?

Well, have no fear: the Federal Reserve is Re-changing course.  Like a boomerang that comes back around to smack an ignorant fool right in the head.  Perhaps they have come to realize that the U.S. economy is about to flush down the drain and plunge into a deep, dark hole, and they figure the fall might be softer if we land on giant piles of worthless currency.

Yes we’ll monetize the debt.  Oh no we won’t.  Oh yes we will.  Stop arguing with me!  But I am you!

I thought the following was a good article due to its provision of a historic context for today’s Fed decision:

Fed begins monetizing the deficit

The Federal Reserve, in announcing the results of this week’s meeting of the Open Market Committee, surprised the market by revealing it will begin purchasing US Treasury notes and bonds with the principal income it receives from its vast holdings of Fannie Mae and Freddie Mac mortgage securities. This practice – wherein the Fed buys up US government securities and injects cash into the public market as payment for these securities – is a form of monetizing the debt. The last time the Fed did this on a big scale was back in the 1960s when it attempted to mop up the excess Treasury securities that were flooding the market as a result of Lyndon Johnson’s efforts to finance the Vietnam War. That Fed program was viewed at the time as a failure, since the cash the Fed put back into the economy in exchange for the securities was a big reason – perhaps the major reason – why price inflation accelerated from the late 1960s until a decade later, when Paul Volcker managed to squelch inflation once and for all with forbiddingly high interest rates.

The market was expecting some sort of monetary stimulus, but not this. The expectation was that the Fed would renew its “quantitative easing” program involving Fannie Mae and Freddie Mac securities – a program designed to push down long term mortgage rates. That program was successful inasmuch as mortgage rates are at record lows, but it left the Fed with well over a trillion dollars of these securities on its balance sheet. Fed officials have lately been pondering publicly how to get rid of these securities, and apparently have concluded they can’t under present market conditions without forcing mortgage rates back up again, which would only hurt the housing market. Instead, these officials have concluded that the Fed has no choice but to hold on to these securities until they mature, which is well over 10 years from now for the portfolio.

The Fed receives billions of dollars of principal and interest payments every year on this portfolio, and what to do with this cash has always been open for discussion until now. But using principal proceeds from these securities to monetize the government debt is fraught with risk. For one, should the housing market start to weaken again and foreclosures rise from current levels, the Fed will be sitting on billions of dollars of credit losses on its portfolio. This could eat up most if not all of the profit it would otherwise earn on this portfolio. Second, older investors have memories of the nasty inflationary consequences the last time the Fed monetized the debt, and the market has become very skittish about the risk of inflation, and maybe even hyperinflation ala Weimar Germany, that could result from the enormous fiscal and monetary stimulus put into the economy since 2007.

In terms of these risks, the best thing the Fed has going for it at the moment is that the pricing problem facing the current economy is not inflation, but deflation. A growing number of economists, and even some Fed governors, are worrying outright about deflation, but at least in a deflationary environment the Fed is given a lot more leeway to monetize the debt and build up its balance sheet as a consequence. The Fed press release today did not mention deflation per se, but the FOMC no longer described the economy as “progressing”, as it did in June. Instead, the Fed sees an economy with substantial slack, a stagnant housing market, repressed earnings power for workers, and very low inflation.

The bond market was happy to buy Treasuries on this news, concentrating in the 2 to 10 year maturities, in anticipation of higher prices (and thus lower yields) once the Fed begins actively purchasing. So far, in other words, the bond market sees no risk of inflation, much less hyperinflation, and is content to see yields continue to head to record low levels. Such excessively low yields on government bonds have only been seen in deflationary economies like Japan has experienced for nearly two decades. This is in essence what the bond market is forecasting for the US economy.

The stock market, which has been on a tear since early July, took this news in stride, but time and past experience is weighing heavily on this stock rally. When bond yields fall to record lows, this has never boded well for equities. In a deflationary economy, stock prices are one of the main victims, and the US stock markets have so far shown no significant adjustment downwards to reflect deflation. Stocks may have some serious “catching up” to do.

At the least, we can say we are no longer in that environment in the spring when Fed governors were talking seriously about how they were going to remove all their monetary stimulus now that the economy has recovered. Instead, we are witnessing yet another round of monetary stimulus, a recognition by the Fed that their previous efforts have failed to ignite a sustainable recovery.

All this from the Federal Reserve, an entity that is neither “federal” nor a “reserve.”  It is a private bank that issues currency based on fiat of delegated institutional power.  And what it is doing now is akin to photocopying a dollar bill to pay a credit card bill.  Another analogy would be if you were facing bankruptcy, and decided to start buying your own furniture from yourself.

Mind you, this is only partly the Federal Reserve’s fault.  They are in an impossible position as the Failure-in-Chief continues a path of spending America into collapse, and they have to figure out how to finance Obama’s addiction.

The Obama administration alternately fearmongered and promised that if the stimulus was passed that unemployment would not rise above 8%.  They lied.  The rate has been dropping from an earlier high exceeding 10% only because discouraged workers who give up are paradoxically dropped off the roles and aren’t counted.  Then they spent months creating pure fictions such as “created or saved” as “evidence” that Obama’s failed policy had succeeded.

To quote:

“One can search economic textbooks forever without finding a concept called `jobs saved.’ It doesn’t exist for good reason…” – Allan Meltzer, professor of political economy

“There is no way to measure how many jobs are saved.” – Harvard economics Professor Gregory Mankiw

Then Obama spent months telling us that the economy was recovering when it really wasn’t, culminating in his bogus “summer of economic recovery.”

This is an administration that falsely takes credit for a false recovery even as they falsely blame Bush and refuse to accept responsibility for their own policies.  It’s “win, we win, lose, Bush loses.”

These people should have zero-point-zero-zero credibility.

Obama Sets Record With Biggest Deficit In History

March 11, 2010

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 increaseAnd 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.

Why Does Obama Keep Lying To Us About Jobs?

February 12, 2010

A few weeks ago, three inner-sanctum Obama circlers came out and provided three different numbers as to how many jobs they thought that Obama had created:

David Axelrod: Axelrod, on CNN’s State of the Union: “But understand that, in this recession that began at the beginning of 2007, we’ve lost 7 million jobs. Now, the Recovery Act the president passed has created more than — or saved more than 2 million jobs. But against 7 million, you know, that — that is — it is cold comfort to those who still are looking.”

Valerie Jarrett: Jarrett, on NBC’s Meet the Press: “The Recovery Act saved thousands and thousands of jobs. There are schoolteachers and firemen and— and— teachers all across our country, policemen, who have jobs today because of that recovery act. We’re investing in infrastructure. We’re investing in public education so that our kids can compete going forth into the next— generation.”

Robert Gibbs: Gibbs, on “Fox News Sunday”: “Well, Chris, let’s take for instance the example you just used of the stimulus package. We had four quarters of economic regression in terms of growth, right? Just last quarter, we finally saw the first positive economic job growth in more than a year. Largely as a result of the recovery plan that’s put money back into our economy, that saved or created 1.5 million jobs.”

You get the sense that 1) these people have no idea what they are talking about; and 2) they are pulling numbers right out of their butts.

Barry Hussein has repeatedly used the 2 million number.  After all, it’s bigger and sounds better.  Why should he care about reality?

But let’s look at reality for just one second:

Jobs Saved: PR or Fact?
While the unemployment rate continues to rise–to 10.2 percent in October–the debate over the “jobs saved” concept also continues, most recently on last Sunday’s Meet the Press with host David Gregory asking Treasury Secretary Timothy Geithner whether the concept is PR or Fact. Gregory first quotes Allan Meltzer saying “One can search economic textbooks forever without finding a concept called ‘jobs saved.’ It doesn’t exist for good reason: how can anyone know that his or her job has been saved?” Gregory then pops the question to Secretary Geithner. Watch this short video clip for his answer, and then search your textbook as Professor Meltzer suggests.

And you will search in vain.

Had George Bush tried this crap talking about all the jobs his administration had “saved,” the mainstream media would have been tearing into him like pit bulls tearing into red meat.  Because it is a giant fabrication created for the sake of pure political posturing.

Obama hasn’t “created or saved” anywhere NEAR 2 million jobs.  And his own numbers prove it.

Here’s a screenshot from Obama’s Recovery.gov site, accessed Thursday, February 11, 2010:

Let’s see: 595,263 jobs versus 2 million: Obama is a big fat liar.  And a transparent liar at that.

We find that the government has spent $272 billion in stimulus funds so far.  And $272 billion divided by 595,263 jobs comes out to $456,941 per job.

Obama has created his own Pyrrhic victory.  For the sake of argument, suppose Obama has created jobs with his stimulus, contrary to the bogus zip codes, nonexistent congressional districts, and the claims that a single lawnmower “saved” 50 jobs as evidence to the contrary.  Damn, we’ll go bankrupt if we create many more.

Which is to say it is every big as gigantic of a boondoggle and failure as every single House Republican who voted against the stimulus said it would be.

You’ve got to do your own research to see what a stinking pile of lies Obama’s jobs figures have truly been, with billions of stimulus dollars disappearing into bogus zip codes and nonexistent congressional districts.  You can be certain that the Obama administration and the sycophantic mainstream media will tell you the truth.

Now we’re hearing that the White House is forecasting that the economy will expand by 95,000 jobs a month.  But we should believe one word they’re saying WHY???  All they’re doing is taking a demonstrated dishonest metric and pointing it at the future.

This Just In: Obama May Have Lost 824,000 More Jobs Than Previously Reported

February 3, 2010

Whenever numbers look bad for Democrats, the media invariably reports them as “unexpected.” Well, report THIS, mainstream media:

Barry Hussein just broke his own record for failure.

Previously, it had been reported that Obama had lost 4.1 million jobs – presiding over the greatest number of job losses under any president in any year since the Bureau of Labor Statistics started reporting jobless numbers in 1940.

But now we’re finding out that Obama pointed to the center field wall, took a radical swing, and sent unemployment soaring to nearly FIVE MILLION jobs lost with his disastrous failed policies.

There’s not much being reported about this yet, but what there is is BAD for Barry:

Feb. 3 (Bloomberg Multimedia) — The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time.

The Drudge Report filed this story under the headline, “MANIPULATE: FEDS MAY LOSE 824,000 JOBS IN ‘REVISION’.”  Which creates the sense that something very suspicious was going on to “manipulate” job numbers to make them look less awful than they actually were.

We have this found via Zero Hedge:

From the BLS:In accordance with usual practice, the U.S. Bureau of Labor Statistics is announcing its preliminary estimates of the upcoming annual benchmark revision to the establishment survey employment series. The final benchmark revision will be issued on February 5, 2010, with the publication of the January 2010 Employment Situation news release.

Each year, the Current Employment Statistics (CES) survey employment estimates are benchmarked to comprehensive counts of employment for the month of March. These counts are derived from state unemployment insurance tax records that nearly all employers are required to file. For national CES employment series, the annual benchmark revisions over the last 10 years have averaged plus or minus two-tenths of one percent of total nonfarm employment. The preliminary estimate of the benchmark revision indicates a downward adjustment to March 2009 total nonfarm employment of 824,000 (0.6 percent).

If you read the conclusion of the Zero Hedge article, you will see an example as to how extreme the disconnect between the actual state of the economy and the stock market has become.

In any event, we find that normally the error that requires correction/revision is .02; but for some reason under Obama the error is .06 — which is 300% larger than the previous ten year average.

Rush Limbaugh said that he had previously stated that he thought unemployment was higher, and that the Obama White House was monkeying with the numbers to make it appear that unemployment was at or under 10%.

Having watched Obama create a category of “created or saved jobs” out of thin air that no economist had ever seen before, and watching the mainstream media report that made-up statistic as if it were gospel; having watched Obama’s “created or saved” job numbers being based on such asinine data that a single $1000 lawnmower was recorded to have saved 50 jobs; having watched the White House engage in rampantly dishonest reporting on its job numbers; having discovered that those bogus job numbers were reported as having been “created or saved” in phony congressional districts and in phony zip code regions, well, let’s just say that I have every reason to believe that this incredibly dishonest White House is capable of anything.

I’m not one iota surprised that the BLS is dumping this news on the typical government bad-news dumping day of Friday.

In any event, you can bet that our 10% unemployment rate is about to take a monster hit.

From a quick calculation, the unemployment rate could all of a sudden be as high as 12%.

It was only yesterday that I wrote this without knowing how right I was:

I continue to believe that unemployment will continue to get worse in agreement with famed analyst Meredith Whitney:

Unemployment is likely to rise to 13 percent or higher and will weigh on the economy for several years, countering government efforts to stabilize the banking industry, analyst Meredith Whitney told CNBC.

I just didn’t know that I would literally have my instincts proven right within a matter of three days.

Obama Administration Sacrifices All Credibility Re: Failed Stimulus

January 14, 2010

The Obama administration, after every false promise that didn’t come to pass, every false measurement that included phony congressional districts and bogus zip codes, and repeated humiliations, finally dropped it’s fraudulent and never-before-used-in-history “created or saved” jobs.

From the AP:

WASHINGTON – The White House has abandoned its controversial method of counting jobs under President Barack Obama’s economic stimulus, making it impossible to track the number of jobs saved or created with the $787 billion in recovery money.

Despite mounting a vigorous defense of its earlier count of more than 640,000 jobs credited to the stimulus, even after numerous errors were identified, the Obama administration now is making it easier to give the stimulus credit for hiring. It’s no longer about counting a job as saved or created; now it’s a matter of counting jobs funded by the stimulus.

That means that any stimulus money used to cover payroll will be included in the jobs credited to the program, including pay raises for existing employees and pay for people who never were in jeopardy of losing their positions.

The new rules, quietly published last month in a memorandum to federal agencies, mark the White House’s latest response to criticism about the way it counts jobs credited to the stimulus. When The Associated Press first reported flaws in the job counts in October, the White House said errors were being corrected and future counts would provide a full and correct accounting of just how many stimulus jobs were saved or created.

So they’re supposedly not pulling that bogus crap any longer.

Only they still are.  It’s amazing how quickly the most dishonest administration in the last century violates its own statements.

Britt Hume took apart the new version of of the same old bogus crap they’re trying to pull now:

“One day after it came out that the administration had decided to stop trying to count the number of jobs created or saved by that $787 billion spending bill the president signed last year, the White House was back doing it again.

Christina Romer, the president’s top economic adviser, announced Tuesday that the spending had resulted in 2 million jobs created or saved. Romer called that a, “truly stunning and important effect,” adding that the spending, “had done exactly what we have anticipated it would do.”

No it hasn’t.

Romer herself said a year ago that the stimulus spending would hold the unemployment rate below eight percent. It’s now at 10 and counting. More than 4 million jobs were lost last year
. What’s more, an analysis by the Associated Press has found that the outlays on roads, bridges and other infrastructure, had no discernible effect on local employment and had barely helped the construction industry.

The lesson here is a very old one: Government spending is a poor antidote to recession because the money has to be taxed or borrowed from one part of the economy to be spent in another. Not only that, it’s slow medicine. Even Romer said in her glowing report that only about a third of the money had been spent.

On second thought, given the effect the spend-fest has had on the deficit, maybe that’s the good news.”

— Brit Hume is the senior political analyst for Fox News Channel.

Christina Romer has sacrificed all personal and professional credibility to protect and defend the failed policies of Barack Obama.

She was the White House official who assured the nation that unemployment would not go over 8% if Obama’s stimulus passed.

She was the White House official who told us that the stimulus would have its greatest impact in the 2nd and 3rd quarter of 2009, which means it has already basically run its course.

Now she’s saying the stimulus which she herself claimed would prevent unemployment from going above 8% – and which ran its course last year after unemployment went up above 10% – fulfilled the Obama White House’s predictions?  Seriously?

Does this mean that Obama PLANNED to lose more jobs during his first year as president than any president has EVER lost – over 4 MILLION – since 1940?

This is Obama doing GOOD?  O.M.G.

I suppose businesses paralyzed by uncertainty due to Obama’s policies and the harm that they will do to the economy, which is frightening away new hiring, must be REALLY good.

All I can say is this: if this is the Obama administration’s idea of doing good (at least a good, solid B+ anyway), may God have mercy on our doomed souls if they ever actually screw up.

VIA CNBC: ‘Many Firms Reluctant To Hire Because Of [Democrats’] Taxes, Rules’

January 13, 2010

Enjoy your unemployment, courtesy of the Obama administration.

And understand that the fact that you NEED unemployment is also courtesy of the Obama administration.

Is Obama helping the economy, or hurting it?  What we find out is that businesses and the people who actually hire and create jobs understand that what Obama has already done has been bad, and what he is trying to do is even worse.

The key phrase of the article is “paralyzing uncertainty.”

Obama, thy name is turd.  And according to Rasmussen, 53% of the American people now recognize it.

Many Firms Reluctant to Hire Because of New Taxes, Rules
Published: Tuesday, 12 Jan 2010
By: Albert Bozzo
Senior Features Editor

A potential wave of new regulation and higher taxes may be scaring many businesses from hiring, prolonging any rebound in employment, say business groups and economists.

The prospect of increased federal and state regulation and taxes has been particularly disruptive to the hiring plans of small- and medium-sized businesses, which have historically generated about two-thirds of the nation’s jobs.

“I don’t really see the private sector hiring much in the next few months,” says Brian Bethune, an economist at Global Insight. “For the small-business sector there is just too much uncertainty about what happens beyond 2010.”

Not only is the Obama administration seeking to push through major overhauls of energy and health care policy, it is also expected to impose dozens of new workplace rules and raise income taxes.

As Washington and Wall Street grow increasingly restless about the unusually slow pace of job creation and the risk of a so-called jobless recovery, key business groups have begun to bang the drum more loudly.

In reporting that its small business optimism index fell for the second straight month in December, the National Federation of Independent Business Tuesday said members’ No. 2 reason for not expanding payrolls was the prospect of government policy initiatives.

Twelve percent said it was not a good time to expand because of the political environment. Over the next three months, 15 percent said they plan to reduce employment, while eight percent plan to create new jobs.

“We’re hearing it more and more from our membership,” says Bill Rys, the NFIB’s tax counsel. “At the federal level, there’s uncertainty about tax rates, health care costs, energy costs. You also have what’s going on at the state and local levels, with new fees and taxes. They’re reluctant to jump back in.”

Rys says the effect has been more pronounced in the past few months, perhaps mirroring the legislative progress of the massive health care reform bill, the highly-publicized Copenhagen climate change conference and new EPA rules on carbon emissions, as well as the approach of 2010, when the near decade-long Bush administration tax cuts are expected to expire.

The NFIB has some 350,000 members with an average size of eight to ten employees.

Much like the severity of the recession, the degree of potential government change is a historic first for many business owners.

“When they went into business this isn’t something they considered,” says Rys.

The American Chamber of Commerce’s latest economist forecast cited similar impediments.

“To create jobs we must ease the uncertainty over tax increases as well as health, environmental, labor, legal  and fiscal policies,” the group’s president and CEO Thomas J. Donohue said in a speech Tuesday.

Chamber members are predominantly small companies with ten or less employees.

In a recent interview with CNBC.com, the group’s chief economist, Martin Regalia, described a paralyzing uncertainty over policy issues, saying that many members “had adopted an attitude of survival” and “few talked about net new hiring.”

If so, that will not go unnoticed. Small businesses were hemorrhaging jobs in the first quarter of 2009 when the recession was cutting deep into the economy.

According to the Bureau of Labor Statistics, companies with 1-4 employees lost 140,000 jobs in that period; firms with 10-19 employees shed 220,000 jobs. (That’s the most recent period covered by the data.)

Some of those jobs as well as new ones would normally be created in the coming year.

Coming out of the previous two recessions, companies in the two groups were responsible for net job gains relatively soon after the downturn had ended and picked up momentum as the recovery was established.

In the third quarter of 1993, the 1-4-employee group created about 120,000 jobs, while the 14-20-person group added 60,000. That may not seem like a lot, but the workforce was much smaller then.

Near the peak of the last economic recovery, the two groups were combining for more than 140,000 jobs a quarter.

Though data for the past three quarters isn’t available, people who follow small- and medium- sized business say anecdotal evidence from owners is compelling

“A lot of small, medium sized businesses are waiting to see what health care is going to mean, in terms of cost,” says John Challenger, of the outplacement firm Challenger, Grey and Christmas, “I think they’re also waiting and seeing on the estate tax. The other one I hear the most about is the union issue—the worry that there could be much higher labor costs, that might curtail hiring.”

Amid the massive uncertainty, there are levels of certainty.

It’s unclear, for instance, what health care will cost small businesses, which tend not to provide it to employees. There’s talk of some kind of exemption, but it’s not clear yet.

The cost for those providing insurance will go up—at least in the short term; fees for health insurers, medical devices and branded drugs, for instance, start to kick in 2011 and work their way into the broader cost chain.

On another front, the Obama administration has said it intends to introduce some 90 new workplace rules this year.

Two thousand and ten may also bring the approval of cap-and-trade legislation, which given the complex scientific and economic models involved, will create another long list of question marks.

Changes in tax law are almost a certainty, even if the specifics are still unclear. The estate tax, which—as part of the Bush tax cut plan—is zero in 2011, is expected to be raised in future years and that change may even be made retroactive.

Income taxes for the two highest tax brackets are expected to rise; the Obama administration at various times has said taxes will be increased on people earning 200,000 or $250,000.

“When people talk about who’s making above $200,000, it tends to pull in a lot of small business people,” says Mark Calabria of the Cato Institute, a former senior staffer on the Senate Banking Committee.

Budget-strapped states have already raised taxes or intend to do so.

Unlike the complex tax structure of global corporations, there are few or any loopholes.

“If you are talking about the entrepreneurial class, they run a small business, have a handful of employees and they just report that as regular income,” adds Bethune.

Less income, more expenses—it’s hardly a prescription for expansion, says experts.

Small- and medium-sized business owners are still recovering from the real estate collapse and the credit crunch; it is not uncommon for them to use real estate as collateral or credit lines to make payroll.

On top of that, like big business, they’re still waiting for a return in demand

“It may mean you take less investment chances,” says Challenger. In that context, jobs are looking might chancy.”

Over the next three months, 15 percent said they plan to reduce employment, while eight percent plan to create new jobs.” There’s your practical definition of ‘one step forward, two steps back.'”

Less income, more expenses—it’s hardly a prescription for expansion.”  There’s your expression of common sense that Democrats will never comprehend.

Now, you might well be dumber than stupid, and continue to blame Bush for the economic collapse rather than placing much of the blame squarely on Democrats where it belongs, but the fact remains: Republicans have been saying this from day 1.  And they were right, and Democrats are being proven to be 100% wrong.

Obama’s claims of “shovel-ready jobs” should be greeted by hysterical mocking laughter, if only the man’s utter failure wasn’t creating so much misery and suffering.

We find that that the country’s that ignored Obama’s government stimulus mindset have done far, far better than the countries that paid attention to the community organizer.

Obama says “green jobs” are the answer.  But Obama is an idiot.

When you take the “National debt road trip,” you’ll find Obama driving the debt like a drunken, raving maniac.

Obama and the Democrats have also lied about damn near everything.

And the result of the Obama administration – from his opening porkulus to the present moment – is that he has done everything imaginable to drive employment down and the employment rate up.

The simple fact of the matter is that Obama – not Bush, Obama – has now presided over more jobs lost than any president since 1940.

And all our failure-in-chief can do is change an already sick twisted joke of a “job counting” system related to his stimulus (the category of “saved” jobs had NEVER existed prior to Obama inventing it as a self-marketing ploy – and the lamestream media revealed that they were dishonest propagandists by allowing the bogus category to be used on their airwaves).  Obama has finally abandoned the continuous campaign of lies and incompetence used to calculate how many jobs he “created or saved,” only to now embrace an even WORSE standard: from now on, Obama will take credit for any job that got any stimulus money at all.

So if you had your job before the Obama stimulus, and you would have had your job AFTER the Obama stimulus, if the place you work for got any stimulus money, Obama will claim credit for your job.

I’m sick of this man’s demagoguery.  I’m sick of his Bush-blaming.  I’m sick of his self-serving excuses.  I’m sick of his idiotic lies.

And I’m utterly heartsick at the massive damage this clown is doing to our country.

I got into blogging due to the revelations about the “reverend” and “church” that Obama chose to join and associate himself with for 23 years.  I had never been particularly involved with politics up to that time.  But as I watched hateful statement after hateful statement emerging from Obama’s church and from Obama’s pastor – to the cheering of the vile congregation – I knew that Barack Hussein was an evil man who would destroy this country if he were elected president.

And a year after his misrule, every single thing I feared when I saw Obama’s pastor spout evil, hateful, racist, unAmerican, Marxist filth back in March of 2008 has come true in spades.

Copenhagen: Apparently The Only Way Obama Will Be Able To Lower The Oceans Is By Shutting Up

November 18, 2009

When someone said that no occupant of the White House had ever been able to walk on water, liberals rushed in to correct us: no previous occupant of the White House has been able to walk on water.

Barack Obama was going to be different.  He was going to be the Messiah who replaced God with Government, and would be anointed as the Savior of the world.

Obama told us:

“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 …”

I mean, wow.  It’s not like he didn’t promise the world, well, the world or anything.

Statements like that help you understand why liberals like Spike Lee went just a little bit beyond absolutely insane:

“It means that this is a whole new world. I think…I’ve been saying this before. You can divide history. BB Before Barack. AB After Barack.”

And why people like Nation of Islam racist demagogue Louis Farrakhan proclaimed Obama as The Messiah:

“You are the instruments that God is gonna use to bring about universal change, and that is why Barack has captured the youth. And he has involved young people in a political process that they didn’t care anything about. That’s a sign. When the Messiah speaks, the youth will hear, and the Messiah is absolutely speaking.”

But something happened to Captain Amazing after he actually took office: a fundamental inability to even begin to walk his talk.

We all remember Obama receiving the Nobel Peace Prize for his two signature accomplishments of Jack and Squat.  And that Nobel Prize for Accomplishing Nothing may be the symbol of the Obama administration.

We tend to forget about how he promised his stimulus would prevent unemployment from reaching 8% (it’s now 10.2% and rising), or how pathologically pathetic his administration has since been in fabricating statistics to show his $3.27 trillion porkulus has been anything other than an abject failure.

Obama can’t even pretend his useless policies work without spectacularly screwing up.  As ABC puts it:

Here’s a stimulus success story: In Arizona’s 15th congressional district, 30 jobs have been saved or created with just $761,420 in federal stimulus spending. At least that’s what the Web site set up by the Obama administration to track the $787 billion stimulus says.

There’s one problem, though: There is no 15th congressional district in Arizona; the state has only eight districts.  And ABC News has found many more entries for projects like this in places that are incorrectly identified.

Oh, there’s more “there” there.  A lot more.  More dishonest butchery of employment statistics than you could ever hope to shake a stick at.

It turned out that not only was he basically not able to do anything to create jobs, but he couldn’t even do nothing right.  As Charles Krauthammer put it:

“When they speak seriously about this and how precise all of this is – 640,329 jobs saved –  comical precision.  And then it turns out a lot of these are fictional jobs in fictional districts, what happens is an administration that has already been satirized by Saturday Night Live as “do-nothing,” is now going to be seen as an administration that cannot even do nothing competently.”

Conservatives predicted his partisan stimulus slush fund would fail to deliver jobs.  And now liberals are finally recognizing it too:

NAACP, La Raza, AFL-CIO Tell Obama Stimulus Failed

With unemployment among blacks at more than 15 percent, the N.A.A.C.P. will join several other groups on Tuesday to call on President Obama to do more to create jobs.

The organizations — including the A.F.L.-C.I.O. and the National Council of La Raza, a Hispanic advocacy group— will make clear that they believe the president’s $787 billion stimulus program has not gone far enough to fight unemployment.

They will call for increased spending for schools and roads, billions of dollars in fiscal relief to state and local governments to forestall more layoffs and a direct government jobs program, “especially in distressed communities facing severe unemployment.”

Reminds me of an article title I had way back in May: “Obama Stimulus Robin Hood In Reverse: Poor Get Poorer.”

Obama passed off a pretty clever (though blatantly fallacious) load of hooey onto an equally dishonest and ideological lamestream media when he ginned up the bogus “created or saved jobs” statistic.  As Allan Meltzer, professor at Carnegie Mellon University put it, “One can search economic textbooks forever without finding a concept called ‘jobs saved’.”

But since then, his self-justifying  fabrications have been increasingly absurd and asinine.

To those brainwashed liberals who insist that the economy would have been worse if Obama hadn’t passed the stimulus, let me put it this way: the economy would have been worse if George W. Bush hadn’t done everything he did, too.  I mean, one load of baloney deserves another.

Obama has watched the American death toll in Afghanistan double from George Bush’s last year in office.  And his dithering over making the obvious decision to send the troops his own general requested has turned any momentum we may have been able to create into abject failure.  Both friend and foe alike should question Obama’s commitment, along with his competence.

Then we’ve had the mindboggling exhibition of incompetence in the Obama administration’s bungling of the H1N1 vaccine.  Lower the level of the oceans?  Obama can’t even raise the level of the flu doses!

And now even the liberals in Europe are turning on Obama as a colossal fraud and impostor.  As the German der Spiegel put it:

Barack Obama cast himself as a “citizen of the world” when he delivered his well-received campaign speech in Berlin in the summer of 2008. But the US president has now betrayed this claim. In his Berlin speech, he was dishonest with Europe. Since then, Obama has neglected the single most important issue for an American president who likes to imagine himself as a world citizen, namely, his country’s addiction to fossil fuels and the risks of unchecked climate change. Health-care reform and other domestic issues were more important to him than global environmental threats. He was either unwilling or unable to convince skeptics in his own ranks and potential defectors from the ranks of the Republicans to support him, for example, by promising alternative investments as a compensation for states with large coal reserves.

The Democrat-controlled Senate put off Obama’s cap-growth-and-tax-prosperity climate agenda until Spring (and good luck passing that economy killing monstrosity then!); and world leaders just said, “Better luck next time” with their climate change treaty.

Personally I cannot for the life of me understand why Obama’s plan

“Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.”

– failed.  I mean, who wouldn’t want shockingly high energy prices? Who doesn’t want to freeze in the dark?

Sorry, Barry Hussein.  If you want to live up to your promise to lower the oceans and heal the planet, I guess you’ll just have to start doing a lot more shutting the hell up and saving the planet from all your useless hot air.  Because other than that, you did squat.