Posts Tagged ‘growth’

Federal Reserve Study Proves That Obama Presiding Over WORST ‘RECOVERY’ EVER

January 26, 2013

Obama epic fail alert number 16 trillion:

Here’s the summary version:

If there was any debate whether the Fed’s policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP “growth” since the “recovery” is now the worst in US history, having just dipped below the heretofore lowest on record.

Can we have the worst economy ever?  Let’s ask some Democrats.  What’s that they’re saying?

Here’s the more detailed version – which includes the quote above – provided by Tyler Durden at Zero Hedge:

It’s Official: Worst. Recovery. EVER
Submitted by Tyler Durden on 01/24/2013 09:22 -0500

If there was any debate whether the Fed’s policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP “growth” since the “recovery” is now the worst in US history, having just dipped below the heretofore lowest on record.

A slightly prettier version of the same chart created by JPM’s Michael Cembalest, is presented below:

But fear not: it is only the worst recovery ever for anyone unlucky enough to still rely on such Old Normal concepts as the “economy” to feed, clothe and provide shelter for themselves.

For those lucky 1% of the US population whose entire wealth is in financial assets (and who once again managed to avoid a tax hike on carried interest or any actual financial assets), times have almost never been so good.

Well, it’s not the biggest surge in the market since the economic trough in history, but it is close. Which as Bernanke admitted some time ago (when discussing the level of the Russell 2000), is the only thing that actually matters to the Fed.

Yet oddly enough, the trickle down from the trillions in excess wealth created for those who hold financial assets, as a result of daily POMOs pumping some $85 billion, and soon more, into the stock market each month, has yet to materialize.

Oh well: just keep on doing more of what you are doing Uncle Ben, and if possible destroy the US economy even more than you already have – at this point, at least on a relative basis, you can’t destroy it more.

Well, that’s what the American people decided they wanted, and it is what they should get.

Conservatives – myself very definitely included – predicted categorically that Obama was going to take American in the wrong direction, and we have been documenting the miserable economy Obama has actually delivered in spite of all of his failed promises of Utopia ever since.

The funny thing is that historically, the worst the economic collapse the bigger, faster and sharper the recovery.  Obama has given us the exact opposite.

And then there’s that giant black hole of depression that is just waiting to eat the American people alive like nothing ever has before.  Because, again, we voted for it, and we should get what we voted for.

I used to think that the Antichrist would be an incredibly capable leader.  I now realize I might very well be wrong.  As I re-read the Book of Revelation, I never actually see real signs that the economy presided over by the Antichrist ever really improves; rather, he may be nothing more than an incredibly skilled demagogue who continues to sink the world deeper and deeper into debt and chaos while blaming his opponents for his failures and implementing policies that actually sink the world deeper and deeper into the mire of a failed economy as the world continues to worship him.  Sort of like what is happening now with Obama, just on an even grander scale.

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Liberals Keep Blaming Bush And Keep Sounding More and More Like DUMBASSES

July 30, 2012

I get comments like this one all the time:

Dumbass, why dont you consider the MASSIVE drop in revenues due to the economic cliff the US fell off due to Bush’s policys. The downslide started mid 2007, sorry new president takes the helm in jan. 2009! Ship was sinking, obama just trying to bail out the water with resistance from all Republicans ! I hope gets on so we can blame everything on him…

So what can I say to such a brilliant mind?  Plenty:

Five things:

1) When George Bush took office, we had suffered the DotCom bubble collapse and Bush inherited a terrible recession (a couple of facts: America lost $7.1 trillion in wealth and the Nasdaq valuation lost 78% of its value). On top of that, America suffered the 9/11 attack because Bill Clinton had annihilated the military and intelligence budgets and capabilities in order to brag he “balanced the budget.” The 9/11 attack created an even DEEPER recession because the American people were afraid to travel to vacation or do business for a long time afterward. Bush started out in a hell hole.  But did you defend Bush, Charles? No, because you’re a demon-possessed cockroach hypocrite and you will only see the world as a leftwing ideologue.  It’s like the gas price spike: when Bush was president, the rise in prices were all Bush’s fault because Bush was president:

But now Obama’s the president and the fact that gas prices have averaged FAR more during Obama’s presidency (gas prices have averaged $3.25 under Obama versus only $2.33 under Bush) isn’t Obama’s fault at all.  The same thing is true of our spending and debt and the same damn thing is true of liberal hoity-toity issues like Gitmo.  At some point every liberal skull will explode from trying to contain all the contradictions.

I wrote an article right after the election that pretty much sums up my views: “Do Unto Obama As Liberals Did Unto Bush.”  It comes down to this: by your own measure shall ye be measured.  You don’t get to attack Bush and Republicans for eight years by going after Bush like rabid pit bulls attacking bloody meat and then get sanctimonious with us.  Dumbass.  Especially when by any measure: GDP growth, jobs, household wealth, deficits, spending, debt, consumer confidence, or any other measure, the economy did FAR better during the eight years of Bush than it EVER has under Obama.

As we speak, only 14% of Americans think their children will be better off than they were, versus 65% who think their children will be worse off.  That is the lowest it has EVER been.  Why is it Bush’s fault that in the fourth year of Obama Americans overwhelmingly believe the nation is heading in the wrong direction under Obama’s policies???  Even if Bush did everything terrible; shouldn’t Obama have been able to improve from terrible???  But he hasn’t; he’s made “terrible” MORE terrible.

2) Do you know what sane people do (my bad – of COURSE you don’t know what sane people do!) if they have less revenue? THEY SPEND LESS, YOU DUMBASS. But somehow your messiah never got the sanity memo so instead of spending less he imposed spending after spending measure and imposed levels of bureaucrats and regulators that this nation has never seen. You people are like the millionaire’s son who pisses away his inheritance and then says, “Well, it’s not like that means I’ve got to spend less or anything; I’m ENTITLED to spend more. I think I’ll go buy a Ferrari and crash it after a drunken party  And then I’ll celebrate ‘my recovery’ by buying another Ferrari.”

Even if everything you said was true – and it’s not – we should be spending LESS.  But what is your messiah doing?  He’s spending three times more and blaming Bush.  That is morally and rationally insane.

Liberals have a GSA-view of the universe.  But as Margaret Thatcher once famously said, “The problem with socialism is that eventually you run out of other peoples’ money.”

3) Then there’s the fact that Democrats were nearly TOTALLY to blame for imposing all of the idiotic conditions that led to your “Massive drop in revenues.” “Bush’s policies?” Bush tried SEVENTEEN TIMES to reform and regulate Fannie Mae and Freddie Mac before it collapsed, you abject dumbass. Bush began trying back in 2003, and even the New York Slimes records that conservative economists were predicting back in 1999 that these stupid and immoral Democrat policies would explode the economy:

New York Times, Sep 30, 1999: “Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. […]

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.”

Barney Frank stated:

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.”

Just before the bankruptcy and collapse of Fannie Mae and Freddie Mac in 2008, Barney Frank said THIS:

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.

Dumbass, IT IS A DOCUMENTED FACT OF HISTORY THAT FANNIE MAE AND FREDDIE MAC COLLAPSED ON SEPTEMBER 7, 2008 BEFORE ANY OTHER PRIVATE SECTOR PLAYER. Merill Lynch and Lehmen Brothers went down AFTER the GSEs and BECAUSE they suddenly found themselves holding billions of dollars in worthless Fannie and Freddie mortgage backed securities.  That was because Fannie and Freddie had bundled thousands mortgages together into their securities such that there was no way to separate the toxic debt from the good debt.  The entire system collapsed because the entire mortgage financial system suddenly became “toxic” due to that inability of the market to distinguish good debt and risk from toxic debt and risk.  ONLY Fannie Mae and Freddie Mac were authorized to bundle those mortgage backed securities and then sell them to the private sector. THAT was what caused the housing mortgage collapse that led to our 2008 economic implosion.  At the time of their collapse, the GSEs controlled 70% of all new home purchases.  It was that supermassive black hole of Democrat stupidity and depravity that imploded America in 2008.

I’ve preserved all of that and more here.

If the above isn’t bad enough, Obama has decided after demagoguing the crisis his party started in 2008 that 2008 never really even happened: he’s going right back to the policies that blew up the housing mortgage market in the first place.

If that isn’t enough, consider that between Democrat-imposed Social Security boondoggle and the Medicare and Medicaid boondoggles, the REAL national debt is well over $211 TRILLIONOur real yearly debt under Obama is nearly $6 trillion in the red every single year until America implodes and dies when our credit rating goes down again and our interest rates skyrocket.  And when you add to that the unfunded pension liabilities of liberal states like California and Illinois, we are well and truly screwed with Democrats being virtually entirely responsible for every penny of our unpayable and unsustainable debt that will necessarily bankrupt and kill America.  And all of this government takeover has been imposed in the name of helping the poor when history proves it has done the exact opposite.

And you’re going to blame Bush, you lunatic?

So you can take your “fell off due to Bush’s policies” and stuff them right up your idiot pie hole. Bush’s policies gave us an average 5.26% unemployment rate. When your messiah lives up to his lies come back and talk to me.

4) But let’s consider that in conservative states like Texas and Nebraska and North Dakota, the economies are surging and people from liberal states are moving to red states in DROVES to get jobs they won’t ever be able to get from retards like Democrats. These red states and several other red states have balanced their budgets. So why can’t Obama balance his damn budget instead of giving us four consecutive years of over a trillion in deficit for the first time in the entire history of the entire human race???

5) Obama told the American people that his policies would result in 5.6% unemployment by now and there would therefore be millions of Americans paying lots and lots of taxes. Obama promised us his policies would generate 4.3 percent GDP growth. Where was that promised economic recovery that would have obliterated the recession, you dumbass? You wouldn’t need to be making your dumbass excuses now if your messiah hadn’t lied to the American people.  Now Obama has to rely on pure crap to sell his lies, just like you. But instead your antichrist messiah has given us the worst labor participation rate since Jimmy Carter broke America and Ronald Reagan had to put it back together again. And if you compare Obama’s policies to Reagan’s policies you can understand why Reagan GREW the economy after everything went to hell and Obama is just going from bad to worse.  So on your very “dumbass” view YOUR messiah is a “dumbass.”  Either that, or it’s now your view that Obama LIED when he said he had a solution and he LIED when he projected that his policies would turn the economy around.  I guess what you’re saying is that it’s really “Bush’s fault” that Obama is a lying fool.

June Jobs Report: Disgraceful Job Numbers For A Completely Failed President

July 6, 2012

80,000 jobs.  Do you know how pathetic that is?  We need an absolute minimum of 125,000 jobs a month (in light of our 313 million citizens it’s more like 200,000) just to begin to keep up with population growth.  And when you consider Obama’s godawful labor participation rate and the number of working-age Americans who have just been cast out during the cancer of this presidency, it is an abject disgrace.

But here’s the thing: you listen to Obama campaign and you’d think the last four years didn’t happen.  He’s mouthing the same garbage that he was blathering when he was running for president in 2008.  Nothing bad has happened (“the private sector’s doing fine”) or it’s anybody and anything else’s fault but the man who sits behind “the buck stops here” desk in the Oval Office.

Barack Obama is the most narcissistic, the most ignorant, the most naive and the most demagogic president America has ever seen.  Bar none.

Obama told us that the answer to the bad economy was a government takeover of the private economy via his stimulus.  He took office when unemployment was 7.6 percent.  If his stimulus passed, he promised, unemployment would never get to 8 percent – and in fact by this time (July 2012) unemployment would be 5.5 percent.  History proves that Obama was completely wrong and has absolutely no idea whatsoever how to get an economy moving.  All he can do is count on people to believe the same lies he’s been making for years and idiotic things.

One of the idiotic things you’ve got to believe is a flip side of Obama’s “I’m the president who got bin Laden” argument.  On this view, had George Bush had another term or even two more terms, he never would have been able to get bin Laden.  And of course Bush couldn’t have got bin Laden because he’s not Obama, and only Obama could have ever got bin Laden.  It doesn’t matter if the military loved Bush far more than Obama, or that the esprit of the CIA was far, FAR higher under Bush; only Obama could possibly have got bin Laden.  End of discussion.  It wasn’t just a matter of time as Bush said it would be; it was Obama personally nailing bin Laden with his sheer magnificent wonderfulness.

If you apply this same mindset to Bush and the economy, we had a terrible economic hit (actually caused by liberals who recklessly ran Fannie Mae and Freddie Mac into the ground, but that’s another story) and as Bush left office we were lost 700,000 jobs in just one month.  And the religious doctrine that all Democrats must believe as an article of their faith in messiah Obama is that if Bush were still president today, we would have continued to lose 700,000 jobs every single month and unemployment would be 30 percent today.  And of course Obama’s otherwise godawful performance now looks GREAT if you consider the 30 percent unemployment that we would of course had had under George Bush.  Never mind facts like no recession has ever lasted forever; and never mind that there have only been TWO times when America didn’t come roaring back from a bad recession and both occurred under socialist presidents (Obama and FDR).  The average recession lasts 11 months.  And historically we get very strong recoveries out of recessions.  But if Bush were still president it would have lasted forever and ever and ever.  And only messiah Obama can possibly deliver us.  Because Mitt Romney is the devil.  And do you want a rich, evil, vulture capitalist vampire monster to be your president when you could have more Obama instead???  Hint: if you say “yes” you’re clearly a racist.

So we listen to Democrats demonize “the failed Republican policies” that got us into this terrible mess and we believe their narrative that of course Obama must never be blamed for anything negative but must be given total credit for anything positive.  We are taught to not remember that George W. Bush – who himself inherited a terrible recession with the DotCom bubble burst that happened on Clinton’s watch and which wiped out $7.1 trillion in American wealth – ended his presidency with a 5.26 percent overall unemployment rate.

5.26 percent.  That’s not bad for a president who inherited the DotCom bubble collapse which vaporized $7.1 trillion in American wealth and annihilated 78% of the Nasdaq Exchange valuation before we here hit on 9/11 due to Bill Clinton’s gutting the military and intelligence budgets while he emboldened Osama bin Laden into believing that America was a paper tiger.

If we extrapolate pure liberal demagoguery and simply utterly refuse to consider history, then Obama is the answer.  Otherwise this pathetic president truly and profoundly sucks.

So let’s let the messiah who has an average unemployment rate of 9.16 percent through June 2012 assure us that the president who had a 5.26% unemployment rate was terrible for jobs.  And we’ll believe him because this is God damn America and God damn America is under a spirit of delusion.

Yesterday (July 5) I had CNBC’s Larry Kudlow program on, and Kudlow had two economists representing a liberal (Dean Baker) and conservative (David Goldman) perspective.  Baker had an optimistic view, believing that the Labor Department release today would show that we created a lousy but-comparatively great 165,000 jobs in June; Goldman believed the report would be even worse than the economists’ consensus view of 125,000 jobs and we’d get only 100,000 jobs.  To make it even more interesting and show just how LOUSY liberals and liberalism are, Baker demagogued Goldman and accused him of merely ticking off “talking points” as compared to Baker who was of course examining the NUMBERS.

And Dean Baker documented just who was the ideologue living in a world of talking points: 80,000 jobs.  Not even HALF of his shockingly idiotic estimate.  And it was the conservative and his “talking points” who was right, right, RIGHT.

If it was a street fight, Goldman would be standing over Baker’s corpse and liberalism would be lying on the street DEAD.  But you just can’t kill this failed ideology of liberalism off in a “civilized” world.  They just get to keep screeching to fools and counting on the fact that there will always be ignorant, stupid, depraved people who believe that somebody else ought to be forced to support their failed lifestyles.

Stop and think about the difference of this “cancer presidency” and the Reagan recovery.  As voters considered re-electing Ronald Reagan, GDP was surging to 8.5 percent.  Under Obama, it’s 1.2 percent and we’re facing a double-dip recession.

Newsbusters has a great documentation of how incredibly propagandist the mainstream media was.  In May, 1984, when the jobs report for Ronald Reagan reported 269,000 jobs, the New York Slimes actually arbitrarily revised it DOWN by 19,000 jobs to 250,000 ostensibly to keep the numbers in increments of 50,000.  So if the New York Times were fairly “reporting” on Obama today, we’d have only 50,000 jobs created, wouldn’t we?  And whereas Obama’s numbers keep getting revised DOWN, Reagan’s for some mysterious reason were being revised UP: the revised jobs report for May, 1984 actually showed growth of 363,000 jobs.   Compare that to Obama’s jobs number above – recognizing that Reagan’s number was when we had a population of 235 million people versus 313 million today – and tell me that Obama isn’t wildly failing the American people.

The worst lies, according to the “lies, damned lies and statistics” proverb, are statistics.  And when liberals control the statistics, you get great news being depicted as lousy news and you get lousy news being depicted as great news.

Your biggest problem in being able to know the truth is that most of our “journalists” are Marxist propagandists who could have easily fit in at TASS during the Soviet days.

Ultimately communist “journalists” blamed seventy years of bad weather for why they couldn’t keep up with Ronald Reagan and an America that was being ran under conservative Republican policies.

And Obama is one of those Marxist ideologues trying to explain away failure and marginalize Reagan.  He makes me SICK with his rabid dishonesty.

Obama keeps demonizing Romney as standing for the “same failed Republican policies of the past.”  JUST LIKE RONALD REAGAN’S.

If you want to see “the failed policies of the past” you just take a look at Barack Obama’s utterly failed liberal policies of the last four years.  And as much as Obama has demonized George W. Bush, Barack Obama has never once even in his very best month been anywhere CLOSE to George Bush’s very worst month of unemployment.

Bill O’Reilly interviewed Bill Clinton and asked a question: Bill Clinton, George Bush, Barack Obama – who collected the largest revenue?

O’REILLY: I didn’t mind paying you that but do you know between… among you, Obama and Bush who had the highest tax receipts of all three of you? Do you know? Bush. So under prosperity the tax cuts under Bush more money flowed into the federal government.

Bill Clinton didn’t know (or more likely, knew but wouldn’t answer) and shook his head without responding: Bill O’Reilly supplied the answer: George Bush.  And that is because Tax Cuts INCREASE Revenues; They Have ALWAYS Increased Revenues.

For the record, if Barack Obama were held accountable to the labor participation rate that he inherited from George Bush, unemployment would be well over 11 percent right now.  The only reason that Obama’s unemployment number is as “good” as 8.2 percent is because Obama has destroyed millions of jobs and driven millions of Americans completely out of the work force where they are simply not even counted by the Labor Department.  The fact is that 88 million working-age Americans are not in the work force because of this completely failed presidency.  And the far better U-6 unemployment measurement has unemployment at 14.9%.

For the record, Bush’s U-6 rate was more than five points lower at this point in his presidency as he faced re-election.  To go with a 5.5 percent U-3 rate which is nearly three points lower.  But, hey, whatever we do, let’s not go back to “those failed policies.”

The “failed Republican policies of the past” don’t just refer to George Bush in late 2008 ( Democrats want you to believe that Bush was only president for the last few months of 2008 because the rest of his presidency looked pretty darn good); they refer to Ronald Reagan.

Let me tell you liberal pukes something: Ronald Reagan didn’t fail at NOTHIN’.

I wrote an article describing the grim economic indicators that were facing Ronald Reagan when he took office in 1980.  Jimmy Carter had said of the crisis, “It would be misleading for me to tell any of you that there is a solution to it.”

Unlike Jimmy Carter – and at this point it is very obvious to say, unlike Barack Obama – Ronald Reagan had a solution.  Under Reagan’s leadership, the US economy soared into the stratosphere.  Bill Clinton became part of that Reaganomics solution when he acknowledged that “the era of big government is over” and cooperated with the Republicans who had swept both the House and the Senate in a landslide when he too had failed to accept that conservative policies WORK.

It is a solution that Barack Obama has dedicated his entire life to destroying.  Which is why Obama has never and never WILL succeed as president.

If I had Barack Obama’s performance, I would resign.  I would have held a press conference and declared, “I’m sorry.  I thought I had a plan to turn this economy around.  Clearly I was wrong.  It’s time for me to step aside and allow someone with better ideas and better leadership to help the American people.”

But Barack Obama doesn’t give one miserable rat damn about the American people.  All the people whose support Obama rode to victory are the worst impacted by the disgrace of the Obama economy: black unemployment, Hispanic unemployment, female unemployment, college-age unemployment are utterly pathetic.  Last month in the “Obama recovery” minorities suffered miserably; this month their suffering got worse.  The unemployment rates for blacks shot up to 14.4 percent (14.8 percent prior to ‘seasonal adjustment’). Barack Obama is to these people as Adolf Hitler was to Germans, promising a government Utopia and producing nothing but abject ruin.

Barack Obama has declared war on the United States of America.  But instead of bullets and bombs, he has waged his war with massive and unsustainable government spending and joblessness.

Experts Point Out 2011 Ended In Empty Hype That Economy Will Pay For In 2012

January 31, 2012

Has the economy turned around?

Don’t bet on it (and note that this is MSNBC, not Fox News):

Unsold goods weigh on future economic growth
By John W. Schoen, Senior Producer

The U.S. economy perked up late last year as hiring accelerated and factories ramped up production. Unfortunately, a lot of what those factories made is still sitting in warehouses and on store shelves.

That doesn’t bode well for growth in the coming months.

At first blush, the numbers posted by the Commerce Department for gross domestic product in the last three months of 2011 looked strong. Overall growth advanced by 2.8 percent on an annual basis, a little weaker than economists had expected based on a series of other positive economic reports. That was much better than the 1.8 percent pace in the third quarter and the best showing since the second quarter of 2010.

But much of the fourth quarter growth came from businesses restocking inventories, which swelled by $56.0 billion, adding nearly 2 percentage points to GDP growth. The so-called ”final sales” number, which tracks how much was actually sold, rose a meager 0.8 percent.

“The pickup in GDP growth doesn’t look half as good when you realize that most of it was due to inventory accumulation,” said Paul Ashworth, chief U.S. economist at Capital Economics. “Despite the apparent improvement in some of the incoming economic data, it still looks like … another disappointing year.”

Ashworth is among a number of private economists who see the fourth quarter growth spurt easing this year. He expects to see U.S. GDP advance by just 1.5 percent in 2012.

Federal Reserve officials echoed that prediction this week, though they’re a bit more optimistic. The central bank is looking for growth of 2.7 percent in 2012, but the latest forecast was trimmed by two-tenths of a percentage point. The Fed expects unemployment to drop as low as 8.2 percent by the end of the year.

Vote: Will the economy continue to accelerate?

The lowered growth forecast prompted central bankers to extend their pledge to keep interest rates at or near zero for another year; they now expect to hold rates at rock bottom until at least 2014 to try to encourage businesses and consumers to borrow and spend more money.

Business investment slowed sharply in the fourth quarter after heavy spending earlier last year.

Consumers continued to do their part; consumer spending grew at a 2 percent annual rate, up a bit from the third quarter. Car sales zoomed ahead as the average age of the cars and light trucks on the road hit record levels. The replacement of those worn-out vehicles helped boost car sales by 14.8 percent.

Consumers are feeling a bit better about the outlook for the economy. A separate report Friday showed the University of Michigan consumer sentiment index edging up for the fourth straight month. But the level of confidence remains weak.

“Despite the rise, this and other confidence measures remain in recession territory due to global sovereign debt fear, Congressional dysfunction, and high food and energy prices,” said economist Mike Englund at Action Economics

Consumers have also fallen back on car loans and credit cards to maintain their spending. Consumer borrowing jumped by $20.4 billion in November, the Federal Reserve said Monday. That was the third straight increase and the largest monthly gain in a decade. Consumers have boosted borrowing in 13 of the past 14 months.

The gradual improvement in the job market may explain some of the rise in borrowing. But many households are also leaning harder on debt because their wages are rising as fast as the price of the goods and services they need to buy.

A breakdown of the fourth quarter GDP numbers, with Mark Olson, Treliant Risk Advisors co-chairman/former Fed governor; CNBC’s Steve Liesman & Rick Santelli

Personal incomes rose at an 0.8 percent annual rate, according to Friday’s GDP report, after falling for the last two quarters. Consumer prices are climbing at an annual rate of 3 percent, according to the latest government data.

Much of that spending appears to represent people buying goods, not services. That’s a sign that households are sticking to necessities, according to Joel Naroff, chief economist at Naroff Economic Advisors.

“The clearest sign that households remain cautious was in services spending,” he said. “This is the largest component of consumer demand and it fairly budged. People are not yet comfortable buying the little luxuries in life.”

With consumers tapped out and cautious, the economy faces other headwinds in the coming year. The housing industry remains stuck in the worst recession since the 1930s. A separate report Friday showed that the pace of new home sales fell in December, making 2011 the worst sales year since the Commerce Department first began collecting the data in 1963. Sales in December fell to a seasonally adjusted annual pace of 307,000 – less than half the 700,000 that economists say represents a healthy pace.

Slack sales have forced builders to slash prices, which has kept many would-be buyers on the fence until they see signs that the market has bottomed. The median sales prices for new homes dropped in December by 2.5 percent to $210,300.

Though ultra-low mortgage rates have made home buying more affordable than it has been in decades, mortgage bankers remain very choosy about to whom they’ll lend. Some 12 million potential “move-up” buyers are stuck with mortgages that are bigger than their homes are worth.

Growth in the fourth quarter was also held back by big cuts in government spending, which lopped 0.9 percent from fourth-quarter GDP. That belt-tightening will likely continue.

Why did we have all of this extra manufacturing?  For the same reason that Charlie Brown tried to kick the football again: somebody (in this case the mainstream media) lied to them and told them everything was looking just peachy when it really wasn’t.

We saw the same exact thing happen last year: the media assured us that happy times were here again (because the same media that unceasingly demonizes the economy in any Republican administration unceasingly exalts it in any Democrat one) in the 4th quarter of 2010.  And then suddenly it wasn’t the Holiday Season anymore and things went back to sucking.

Let’s look at a couple of facts a little more closely, beginning with the fact that as Obama begins his fourth year, the housing market that collapsed in 2008 to kill the economy is WORSE than it HAS EVER BEEN:

New home purchases fall, making 2011 worst year ever for sales
Associated Press
Thursday, January 26th 2012, 12:11 PM

Fewer people bought new homes in December. The decline made 2011 the worst year for new-homes sales on records dating back nearly half a century.
 
The Commerce Department said Thursday new-home sales fell 2.2 percent last month to a seasonally adjusted annual pace of 307,000. The pace is less than half the 700,000 that economists say must be sold in a healthy economy.
 
About 302,000 new homes were sold last year. That’s less than the 323,000 sold in 2010, making last year’s sales the worst on records dating back to 1963. And it coincides with a report last week that said 2011 was the weakest year for single-family home construction on record.
 
The median sales prices for new homes dropped in December to $210,300. Builders continued to slash price to stay competitive in the depressed market.

And what about 2012?

Housing Prices Will Bottom in 2012: Freddie Mac
By Shanthi Bharatwaj 12/14/11 – 04:33 PM EST

NEW YORK (TheStreet) — Housing prices are likely to move lower and bottom out in 2012 with modest appreciation likely in 2013, Freddie Mac(FMCC.OB) Chief Economist Frank Nothaft said in his outlook on Wednesday.

The Freddie Mac Housing Price Index is forecast to dip by 1% in 2012, marking the sixth consecutive year of declines. The index is expected to move higher by 2% in 2013.
 
The economist said in his report that national indexes masked sizable variation in local house-price performance. “Some markets have appreciated over the past year and are likely to gain further in 2012, while those markets with higher vacancy rates and relatively large distressed sales will continue to see downward price pressure over the next year.”

Anybody who says Obama “fixed” the economy is a liar or an idiot or a lying idiot.  Because it was the housing bubble’s bursting that blew up the economy in 2008 – and the man hasn’t done a damn thing to fix it.

As for inflation, Obama has been like a curse from an angry old gypsy lady who pointed a finger at us and said, “You will vote for a fool to eat your wealth like a cancer!”

Food prices have skyrocketed. 

Fuel prices have skyrocketed.

Another “worst”: Gasoline prices were the worst over the year 2011 of any year IN AMERICAN HISTORY.

The Obama economic record is a very ugly thing indeed:

And as I have previously pointed out:

Barack Obama is destroying the middle class before our very eyes even as he incessantly claims to be the one standing up for the very middle class that he is destroying.

Under Obama, poverty has soared to its highest rate EVER in the entire 52 years that the Census Bureau has tracked it.

Under Obama, the misery index is at its highest rate EVER.

85% of the small business America depends on to create jobs and build the economy are terrified of Obama and his idiotic policies.

Obama’s reverend and spiritual mentor prophetically anticipated an Obama presidency when he screamed:

“No, no, no!  NOT God bless America!  God DAMN America!”

Hopefully you’ve had your fill of God damn America.

Tracking Image

64% Of Small Businesses Planning To Wait Out Obama, Will NOT Be Adding New Jobs (12% Say They Will CUT Jobs)

July 13, 2011

There’s the old conundrum about the wolf, the goat and the cabbage:

A farmer and his wolf, goat, and cabbage come to the edge of a river they wish to cross.  There is a boat at the river’s edge that only the farmer can row.  The farmer can take at most one other object besides himself on a crossing, but if the wolf is ever left with the goat, the wolf will eat the goat; similarly, if the goat is left with the cabbage, the goat will eat the cabbage.  How can the farmer get all of them across?

There’s actually a solution to that problem.

Now we’ve got an even more intractable problem, involving a healthy job-creating economy, a Marxist president and a Marxist Democrat Party.

This one is unsolvable, because unlike the above dilemma involving the wolf, the goat and the cabbage, BOTH the Marxist President AND the Marxist Democrat Party will devour the economy unless it is somehow taken away from them.  Like the goat with the cabbage, they will insatiably eat every job they can and turn those jobs into dead crap.  Like the wolf with the goat, they will kill the economy and systematically devour it until only bones are left.

We are still over a year away from getting the chance to save ourselves from this insoluble dilemma.

And here’s the consequence:

Little Hiring Seen by Small Business
JULY 11, 2011
By SIOBHAN HUGHES

WASHINGTON—The U.S. labor market could stay sluggish for a while, with small-business executives reluctant to hire amid the murky economic outlook.

A survey of small business owners shows a lack of
confidence in the U.S. economy. More than two-thirds indicated they do not plan
to add payrolls in 2011 or 2012. WSJ’s Siobhan Hughes reports. Photo: Justin
Sullivan/Getty Images

Almost two-thirds—64%—of small-business executives surveyed said they weren’t expecting to add to their payrolls in the next year and another 12% planned to cut jobs, according to a U.S. Chamber of Commerce report to be released Monday. Just 19% said they would expand their work forces.

This comes after a Labor Department report Friday showed employers added few jobs in June, and unemployment rose to 9.2%. The bleak figures joined other data showing the recovery losing momentum in recent months, which has caused many analysts and policy makers to lower their forecasts for economic growth in the second half of the year.

The Small Business Administration says small businesses, defined as companies with fewer than 500 workers, employ about half of the workers in the private sector. In the Chamber’s survey of 1,409 executives, conducted by Harris Interactive, small businesses were defined as firms with revenue of $25 million or less.

More than half of the small-business executives in the June 27-30 survey cited economic uncertainty as the main reason for holding back on hiring. About a third blamed lack of sales, while just 7% pointed to problems getting credit.

“I think it’s safer to stay on hold and not hire workers,” said Harold Jackson, chief executive of Buffalo Supply, a Lafayette, Colo., distributor of high-tech medical equipment used in operating rooms.

[JOBS]

Mr. Jackson said he has halved his staff to 15 workers since 2009 and was unlikely to start hiring soon even if his business picked up. “I can handle a reasonably large increase in business without having to increase the staff.”

Many of the executives surveyed were gloomy about the economy’s prospects. About 41% see the business climate getting worse over the next two years, compared with 29% who expect the climate to improve.

The modest hiring plans of small businesses don’t make up for the job losses in the past year, when some 29% let go workers, far outpacing the numbers that now plan to hire.

As the wise philosopher Scoobert Doo once put it upon hearing dire news, “Roh-roh.”

Between ObamaCare and the massive $500 billion in taxes it’s going to take out of the private sector, along with the 158 government bureaucracies and the thousands of pages of regulations; between the trillion dollars in NEW taxes Obama is demanding as part of any debt ceiling deal; between the Obama EPA which is simply ruling by fiat and imposing regulations that were actually voted down by Congress; between the fact that Obama won’t let us drill for our own oil even as his green energy sends the cost of energy (in his own words) “skyrocketing”; between the Obama NRLB that is openly warring with companies like Boeing for creating jobs in non-union states; between the Obama Labor Department, which is putting together some 100 job-killing regulations to strangle businesses from further hiring as we speak; and between the Dodd-Frank legislation which will systematically cut businesses off from credit, we are pretty well screwed.

We can have jobs, or we can have Obama and his Democrats.  But we’re not going to get jobs until we get rid of the people who are demonizing the job creators.  And that should just be an obvious fact by now.

‘Unexpected’ Increase In Tax Revenues: More Confirmation That Lower Taxes Increases Growth/Revenue

May 9, 2011

I just finished responding to a pair of enjoyable comments from Robbie (here and here).  And Robbie posts an excellent 5:46 minute video of the great economist Thomas Sowell:

As Robbie points out, I say much the same things as Sowell.  What he says about tax rate cuts and increased investment and growth having been proven by four presidents over nearly a century (Calvin Coolidge, John F. Kennedy, Ronald Reagan and George Bush) is exactly what I pointed out in my article “Tax Cuts Increase Revenues; They Have ALWAYS Increased Revenues.”

We just had more confirmation of the effectiveness of tax cuts in INCREASING tax revenues (which means that when the government has lower tax rates, it actually collects MORE in tax revenue than it would were it to have higher tax rates):

WASHINGTON – Treasury Secretary Timothy F. Geithner now is saying that, contrary to his recent dire warnings of “catastrophic economic consequences” should Congress fail to increase the nation’ debt limit, there has been an apparent unexpected increase in projected tax revenue, and the deadline for possible default has been benched until mid-spring.

Allow me to define “unexpected” for you: it is an adjective in Democratese for, ‘We’re too stupid to understand why, and too dishonest to admit it, but conservative economic policies are working.'”

A little more information as to why we had this “unexpected” increase in tax revenue comes out of an interview:

CHIOTAKIS: So how did the Treasury Secretary do this? I mean, I thought the old deadline of July 8th was pretty firm.

GENZER: Yeah, that’s what everybody thought. But Geithner actually got a little help from you and me, Steve — the taxpayers. It seems the IRS actually took in more tax revenue than expected last month.

There was an expectation that was building for the entire second half of 2010 that Republicans would win big in November, which greatly stimulated the stock market:

More than 85 percent of institutional investors see the GOP taking the House next month. While political polls suggest that changes are likely in Washington, a staggering number of professional investors think that the Republicans will win back the House of Representatives in November and that may be adding to their sense of a better business environment going forward. Since government policy error remains the biggest fear of investors, according to the poll, the view of DC trends matters.”

The unemployment rate – which had been steadily going UP, has gone down every month since Republicans were overwhelmingly elected and took over the House.  As I have pointed out in the past:

Here’s an interesting factoid that doesn’t seem to get any mention in the mainstream media: Unless I’m seriously mistaken, the unemployment rate has gone down every month since Republicans took control of The House in January:

Unemployment was if anything going UP.  And then Republicans took over, and whammo.  It started going down.  But Republicans didn’t receive so much as a scintilla of credit from the mainstream media.  It’s just amazing.

One of the things that investors and businesses were looking for from Republicans was their central promise that they would not budge in demanding that the Bush tax cuts be extended.  And as confidence grew that the Republicans would win in November and force Obama to reverse his repeatedly stated intention of pursuing Marxist class warfare and punishing investment, production and growth, people who actually produce in this nation began to act accordingly.

Hence the “unexpected” increase in tax revenue.

Democrats invariably point to the Clinton years as “proof” that the century proving that tax rate cuts increase revenues was just a ninety year fluke.

But the Clinton years actually prove the opposite: conservative policies were right during the Clinton years, too.

First, Clinton and Democrats increased taxes on the top marginal income rates in 1993.  Did wonderful things happen after that?  Well, if you’re a Republican, yes, they most certainly did: as a result of the complete failure of Clinton’s economic policy, 1994 marked the biggest takeover by Republicans in history, with Republicans slaughtering Democrats and taking over both the House and the Senate.

It wasn’t until Clinton reduced the capital gains rates that we really saw the kind of growth that Democrats love to point to.  It wasn’t until AFTER Clinton announced “the era of big government is over.”  And yet the actual reasons for that growth prove that their policies are totally wrong.

With the help of mainstream media propaganda, the American people have largely forgotten that Bill Clinton was forced to say, “The era of big government is over.”  With the help of mainstream media propaganda, the American people have largely forgotten that the “good” Clinton years came as a direct result of Republicans dominating both the House of Represenatives and the United States Senate.  With the help of mainstream media propaganda, the American people have largely forgotten that the “Clinton surplus” was the direct result of the Contract with America and its pledge for a balanced budget – literally over Clinton’s constant attempts to prevent it.

The mainstream media – like the Democrat Party whose propaganda whores they are – WILL NOT tell the truth about such matters.

But here we are again.  Republicans pass tax cuts, and then there’s an “unexpected” increase in revenue.  Just like every single other time.

After George W. Bush passed his tax cuts, we had dishonest and confused liberals reacting as the New York Times did:

“For the first time since President Bush took office, an unexpected leap in tax revenue is about to shrink the federal budget deficit this year, by nearly $100 billion.”

And for the record, President George Bush’s 2003 tax cuts:

raised federal tax receipts by $785 billion, the largest four-year revenue increase in U.S. history. In fiscal 2007, which ended last month, the government took in 6.7% more tax revenues than in 2006.

These increases in tax revenue have substantially reduced the federal budget deficits. In 2004 the deficit was $413 billion, or 3.5% of gross domestic product. It narrowed to $318 billion in 2005, $248 billion in 2006 and $163 billion in 2007. That last figure is just 1.2% of GDP, which is half of the average of the past 50 years.

Lower tax rates have be so successful in spurring growth that the percentage of federal income taxes paid by the very wealthy has increased. According to the Treasury Department, the top 1% of income tax filers paid just 19% of income taxes in 1980 (when the top tax rate was 70%), and 36% in 2003, the year the Bush tax cuts took effect (when the top rate became 35%). The top 5% of income taxpayers went from 37% of taxes paid to 56%, and the top 10% from 49% to 68% of taxes paid. And the amount of taxes paid by those earning more than $1 million a year rose to $236 billion in 2005 from $132 billion in 2003, a 78% increase.

It boils down to this: the more you hate America; the more you hate American economic power; the more you want to see the American people suffer; the more you should vote Democrat.

Now, I mentioned two comments to Robbie.  The other comment was about QE2 and its impact.

QE2 is the economic equivalent of sugar in nutrition.  Will it provide quick energy?  Sure it will.  Will that quick energy come at the expense of future health?  You bet it will.

Right now, as a result of the Obam Federal Reserve’s policy of increasing the monetary supply by buying debt from itself (literally creating money out of thin air), there is more economic activity.  Right now, as a result of this policy, credit rates are lower.  Fewer banks and corporations are going under because of the ready access to cheap money.  Investors see the stability and invest.

We should all feed our children tons of sugar, so we can enjoy the short term bonanza of frenetic activity.

Unless you worry about all the cavities, the weight gains, the diabetes, and of course that huge depressing crash with all of those catastrophic health consequences that necessarily come later..

The first time we ended QE1, the stock market lost 16% of its value in two weeks.  Which is to say it didn’t work the first time for the same reason it won’t work this second time.  Or a necessary third time, etcetera.

One of the more sinister effects of quantitative easing is that it essentially becomes a tax on saving.  You were busy at work putting away as much as you could during a period when your money was worth more.  But now, as a result of artificially increasing the money supply, all that money you accumulated in saving is worth less.  Why is this?  Because you can increase the money supply all you want, but you’ve still got the same finite amount of goods and services.  And when you’ve got twice as many dollars in the money supply as you had before, over time those same goods and services will cost twice as much as before, and so on.

Right now, prices are going up dramatically on virtually everything that matters.  And yet the only ones who refuse to admit it are the federal government and its stauchest mainstream media propagandists who think and report what the Obama regime wants them to think and report.

Meanwhile, the key factor that led to the economic crash in 2008 – the housing market – just had its worst quarter since the darkest depths of that crash.  And as bad as that is, the experts are saying that we are STILL  a ways off from hitting bottom.  Obama hasn’t solved anything.  And economists are described as being in the fetal position over this “unexpected” – (there’s that word again) – development.

It’s just like feeding that little kid sugar: frenetic activity that actually accomplishes nothing, followed shortly afterward by a nasty crash.

Liberal Religions Forced To Confront The Dodo-Bird Effect Of Progressivism

April 18, 2011

There was a “Far Side” cartoon that makes all the more sense to me now.  A dinosaur was standing at the podium in front of a large auditorium full of dinosaurs.  And he was explaining, “We’re facing a serious crisis, gentlemen.  The world’s climates are changing, mammals are eating our eggs, and we have brains the size of a walnut.”

The religious side of liberalism is every bit as bankrupt as the political side, and the constantly shrinking membership bears that spiritual, moral and intellectual bankruptcy out.

I saw an article in the Los Angeles Times about liberal Judaism that brought out the fact that liberal “Judaism” was as much a Dodo bird as liberal “Christianity.”  During the same week I spoke to a “Catholic” I frequently chatted with who – after telling me he was a “radical liberal” who believed in abortion and socialized medicine – proceeded to tell me that he utterly rejected the virgin birth of Christ.  Which is of course a central defining belief of orthodox/traditional Catholicism.  And that prompted me to do some thinking about these so-called “mainline” liberal religious movements, and just how utterly meaningless they are.

I better nip one objection in the bud immediately, realizing as I do that many liberals either can’t read very well or can’t understand what they read.  The following article is about the astounding decline of “Conservative” Judaism.  But “conservative” here has nothing to do with politics or even with theology.  “Conservative Judaism” is every bit as liberal as any liberal mainline “Christian” denomination.  It embraces homosexuality; it embraces the notion that the Bible is basically a meaningless book that can be interpreted and then reinterpreted according to constantly changing societal norms.  Which is to say, Conservative Judaism ultimately stands for nothing, and isn’t “conserving” anything remotely important.

That said, “Conservative rabbis” met in Las Vegas to try to deal with a crisis: they are going extinct.  What came out of the meeting is all the more hilarious:

Leaders of Conservative Judaism press for change as movement’s numbers drop
Leading Conservative rabbis gather in Las Vegas to ‘rebrand’ the movement, but there is little agreement about how to draw people back into synagogues.
April 12, 2011|By Mitchell Landsberg, Los Angeles Times

Three hundred rabbis walk into a Las Vegas martini lounge. Bartenders scramble to handle the crowd — the rabbis are thirsty. Suddenly, an Elvis impersonator takes the stage.

We are faced with two possibilities.

One, this is the beginning of a joke.

Two, they don’t make rabbis the way they used to.

The Rabbinical Assembly, the clerical arm of Conservative Judaism, would have you believe the second message, or something like it. That’s why it launched its 2011 convention with a martini reception at a Las Vegas synagogue. The gathering was billed as an attempt to “rebrand” the Conservative movement, which has seen alarming declines in membership in recent years.

“We are in deep trouble,” Rabbi Edward Feinstein of congregation Valley Beth Shalom in Encino told the convention the next day. “There isn’t a single demographic that is encouraging for the future of Conservative Judaism. Not one.”

Those words could apply equally to a number of U.S. religious denominations, especially liberal Protestant and Jewish faiths. Membership is falling; churches and synagogues are struggling financially; and surveys show robust growth among the ranks of those who declare no religious affiliation.

The situation may be especially alarming to the Conservative movement because it was, for many years, the largest denomination in American Judaism. It was the solid center, more traditional than Reform, more open to change than Orthodoxy.

A decade ago, roughly one of every three American Jews identified as Conservative. Since then, Conservative synagogue membership has declined by 14% — and by 30% in the Northeast, the traditional stronghold of American Judaism.

By 2010, only about one in five Jews in the U.S. identified as Conservative, according to the American Jewish Congress.

The Reform and Orthodox movements also saw declines, although not nearly as steep. Reform Judaism for a time claimed the most adherents, but today that distinction goes to people who identify themselves as “just Jewish,” meaning they don’t associate with any of the traditional denominations. Many are entirely secular.

“We’re all in trouble,” said Rabbi Julie Schonfeld, executive vice president of the Rabbinical Assembly and one of those trying to save the Conservative movement. Correcting herself, she said, “We’re not in trouble, but we’re in urgent need of rethinking the institutions of Jewish life.”

[…]

The movement’s problems, many agree, begin with its name, which has nothing to do with political conservatism and doesn’t accurately describe a denomination that accepts openly gay and lesbian rabbis and believes the Bible is open to interpretation. But that’s just for starters.

Deep dissatisfaction with the organizations that lead Conservative Judaism prompted a number of influential rabbis in 2009 to demand urgent change, warning, “Time is not on our side.” The group won promises of substantial change from the United Synagogue of Conservative Judaism, which represents Conservative congregations, and helped prompt reforms in the institutions that train and represent rabbis.

A similar revolt by prominent Reform rabbis preceded that denomination’s continuing effort to reinvent itself, a project launched at L.A.’s Hebrew Union College last November.

So what does it mean for a religious movement to reinvent or rebrand itself?

“It’s one thing for a corporation to say ‘We’re going to reinvent ourselves,'” said David Roozen, director of the Hartford Institute for Religion Research.

“Sometimes they get into another business,” he said. “A religion … can evolve, it can be reinterpreted, you can express it in a slightly different style, but you can’t just be doing Judaism one day and say ‘I’m going to sell cars’ the next.”

The Conservative rabbis won’t become car salesmen, but they batted around some fairly radical ideas and predictably stirred up some opposition.

There was talk of eliminating membership dues for synagogues or switching to a la carte “fee-for-service” plans — so that a parent who wants only to send his or her child to religious school won’t also be paying to support the congregation’s other programs. But some said dues give congregants a vital sense of ownership.

Wolpe, the Sinai Temple rabbi, said the movement needs a slogan, one that’s short enough to fit on a bumper sticker. He suggested “A Judaism of Relationships.”

“We don’t have a coherent ideology,” he told his fellow rabbis. “If you ask everybody in this room ‘What does Conservative Judaism stand for?’ my guess is that you’d get 100 different answers…. That may be religiously a beautiful thing, but if you want a movement, that’s not such a hot result.”

[…]

And then there was the name. Some prefer Conservative, which was adopted when the movement began in the 19th century. It denotes the founders’ determination to conserve the best of Jewish tradition while being open to prudent change. But others said it is one reason the movement is seen by young people as being hopelessly uncool.

One suggestion: Change it to Masorti, a Hebrew word meaning “traditional” that is used by Conservative Jews in Israel and Europe.

“If we really want to appeal to the new generation, if you want to create a real worldwide movement … we need a common name, and I think it needs to be a Hebrew name,” said Rabbi Felipe Goodman of Temple Beth Sholom in Las Vegas.

As the meeting ended, there were pledges to work toward meaningful change. One example of what that might look like is an effort to employ a new definition of kosher food that would require ethical treatment of the workers who produce it —something that is being called magen tzedek, or “seal of justice.”

“This is an answer for Conservative Judaism because it’s about the marketplace, it’s about the public square,” said Rabbi Morris Allen of Mendota Heights, Minn., who is leading the effort. Magen tzedek “shifts the entire message of who we are as a religious community. Suddenly, it’s about more than just what is said at the prayer service on Saturday morning.”

Let me begin my analysis by means of a contrast.  Rabbi Morris Allen says, “This is an answer for Conservative Judaism because it’s about the marketplace, it’s about the public square.”  By radical, radical contrast, Christianity is about Jesus Christ, who He is—God incarnate—and what He accomplished—the redemption of sinners who embrace His atoning death for the sin of humanity.

“Conservative Judaism … [is]… about the marketplace.”  That is so sad.  “We need to sell more widgets, or rebrand our widgets, or maybe produce a different kind of widget.”

One of the reasons that Judaism is so swiftly disappearing is because of atheism and a virulent form of Jewish secular humanism which basically holds that it’s perfectly okay to not believe in God as long as you act as though you did.

Dinesh D’Souza points out why precisely why this phenomenon would occur – given the enormous influence of liberalism in Judaism – in his examination of why liberal “Christian” churches are losing membership in droves:

“Unfortunately the central themes of some of the liberal churches have become indistinguishable from those of the American Civil Liberties Union, the National Organization for Women, and the homosexual rights movement.  Why listen to Episcopal bishop John Shelby Spong drone on when you can get the same message and much more interesting visuals at San Francisco’s gay pride parade?”

And D’Souza provides a sizable pile of statistics to show that the traditional (i.e. evangelical) denominations and churches are growing leaps and bounds even as the liberal mainline churches are going the way of the Dodo bird.

His point, of course, is that these liberal religionists are dying out because they don’t stand for anything that has any spiritual power whatsoever.

Here is the story of Christian growth in the world today:

Compared to the world’s 2.3 billion Christians, there are 1.6 billion Muslims, 951 million Hindus, 468 million Buddhists, 458 million Chinese folk-religionists, and 137 million atheists, whose numbers have actually dropped over the past decade, despite the caterwauling of Richard Dawkins, Christopher Hitchens, and Co. One cluster of comparative growth statistics is striking: As of mid-2011, there will be an average of 80,000 new Christians per day (of whom 31,000 will be Catholics) and 79,000 new Muslims per day, but 300 fewer atheists every 24 hours.

Africa has been the most stunning area of Christian growth over the past century. There were 8.7 million African Christians in 1900 (primarily in Egypt, Ethiopia, and South Africa); there are 475 million African Christians today, and their numbers are projected to reach 670 million by 2025. Another astonishing growth spurt, measured typologically, has been among Pentecostals and charismatics: 981,000 in 1900; 612,472,000 in 2011, with an average of 37,000 new adherents every day – the fastest growth in two millennia of Christian history.

Christianity – which views itself (and which I personally believe is) the fulfillment of the Jewish Scripture – is the fastest growing religion on the planet.  Christianity is the world’s only universal religion; the only religion with a global reach.  It is particularly spreading in the third world and in Asia.  Soon, China will be the largest “Christian country” in the world.  There may very well already be more Christians in China than there are in America.  In Korea, Christians already outnumber Buddhists.

While mainline liberal Protestant and (mainline liberal) Catholic “Christianity” withers on the vine, evangelical and fundamentalist Christianity is exploding.  And while Western Europe and America increasingly deny the Christendom that brought them to greatness in the first place – even as they increasingly become less and less great as a result – Christianity is taking deep abiding root in cultures whose transformation can only be described as “miraculous.”

Meanwhile, as the statistics prove and as Dinesh D’Souza explains, atheism is shrinking in spite of all its grandiose claims to represent the fulfillment of modernity and knowledge.  “Nietzsche’s proclamation that ‘God is dead’ is now proven false,” D’Souza writes.  “Nietzsche is dead.  The ranks of the unbelievers are shrinking as a proportion of the world’s population…  God is very much alive.”  Secular humanists have long self-servingly claimed that the progression of “reason” and “science” would conquer religion, but this is now demonstrated to be a lie, a fairy tale of secularism.

Christianity stands for something.  And as much as I may personally despise Islam, it too at least takes a powerful stand – even if it relies primarily on force and terrorism to make that stand.  Atheism and secular humanism are only parisites hanging on to Christianity and its superior moral values, and the political liberalism that theological liberalism invariably leads to is the nihilism of objective moral truth all together.

Allow me to provide a concrete example of the empty nexus of liberal politics and liberal theology.  Barack Obama, a quintessential theological and political liberal, has repeatedly stripped God out of the Declaration of Independence and its profound establishment of Creator God as the only and ultimate grounds for legitimate human dignity, freedom and rights.  “We hold these truths to be self-evident, that all men are created equal,” our founders assured mankind, and “that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”  Not so with Obama.  On his repeatedly stated version, “We hold these truths to be self-evident, that all men are created equal, that each of us are endowed with certain inalienable rights, that among these are life, liberty and the pursuit of happiness.”

But just what created us (random mutation or perhaps benevolent fairies?) and exactly how did we become endowed with these rights that most cultures and most worldviews and in fact most political systems throughout human history have denied?  And further, why did the Judeo-Christian worldview which inspired these founding fathers be dumped on its head, such that its antithesis in the form of the radical homosexual agenda and abortion on demand be enthroned in its place?

Basically, the Judeo-Christian worldview – “Christendom,” if you like – has been treated like a salad bar in the Western Civilization that had been forged by Christianity, and secular humanists can pick out the parts that they like and throw away the rest.  But it’s not a salad bar; Judeo-Christianity as both a religion and a worldview is far more like the foundations of a great building.  And what these secular humanists have been doing is pulling out the foundational pillars one block at a time until there is nothing left to sustain the surrounding structure.

Which is precisely why the West – which used to be called “Christendom” – is now on the verge of complete collapse on virtually every level.

I see the war on terror, and from the start I have seen the glaring flaw in our strategy (yes, even when George Bush was waging it).  Basically, we have confronted totalitarian Islam on the military, political and economic fronts.  But we have utterly ignored the religious front – which is precisely the major front by which totalitiarian Islam has been attacking us.  Like it or not, 9/11 was a religious act.  And there has been no major movement whatsoever – either by the Western powers or by the movements within Islam itself – to confront the religious grounds of the totalitarian Islamists.

And the reason is because we have nothing to confront them with.  Secular humanists/atheists have undermined public religious expression at every turn, while cultural relativists have contextualized religion in such a way to strip it of any spiritual power whatsoever.  Now when we truly need true spiritual power to confront the demonic power motivating radical Islam, basically all we’ve got is allegorical dirt clods.

In the sphere of Islam, jihadists have the superior Qu’ranic argument that it is THEY who are carrying out Muhammad’s vision for Islam, not the liberal Westernized contextualizers who want to make very clear claims of Muhammad into metaphors and allegories representing something else.  Muhammad was a man of genuine violence; he had been in some thirty military campaigns in his life; he had committed numerous genocidal campaigns against “infidels”; and he had another thirty military campaigns planned at the time of his death, including the conquest of Western Europe as the means to spread Islam (“submission”) and the call of Allahu Akbar (a comparative which means “Allah is greater”).  If Muhammad is in any way, shape or form a representative paradigm of what it means to be “Muslim,” then the jihadists are right.

And liberalism – whether it be religious/theological or political/cultural liberalism – has exactly what to answer that?  Other than mocking or trivializing it?

Did political liberals – like the liberal rabbis from the LA Times article above – truly believe that we overcome the threat of terrorism by simply changing the name to “overseas contingency operation” from “war on terror”?

As bad as the religion of Allah may be for a free society, it has a great deal of force when the competition is cultural nothingness, the decaying leftovers of “salad bar pseudo-Judeo-Christianity.”

2 Timothy 3:5 says of such “Christians”:

“They will act religious, but they will reject the power that could make them godly. Stay away from people like that!” (New Living Translation)

St. Paul told us, “But mark this: There will be terrible times in the last days.” (2 Timothy 3:1).  The risen and glorified Jesus told St. John of the seventh and final church age, “But since you are like lukewarm water, neither hot nor cold, I will spit you out of my mouth!” (Revelation 3:16).
of my mouth!

And it is with this final age of de-spiritualized, unglodly lukewarm “Christianity” and “Judaism” that makes God literally puke that staggering Western Civilization rises to the bell.

If anyone wants to know why I come across as angry from time to time in my blogging, it is because when I look around, I keep seeing the series of morally and even rationally terrible and despicable choices we have made right here in America that will invariably end with Antichrist, the Tribulation and Armageddon.  And it will not have been God that made this happen, or God who chose this end for mankind; but rather mankind that chose this end for itself.

C.S. Lewis said:

“We can always say we have been the victims of an illusion; if we disbelieve in the supernatural this is what we always shall say.  Hence, whether miracles have really ceased or not, they would certainly appear to cease in Western Europe as materialism became the popular creed.  For let us make no mistake.  If the end of the world appeared in all the literal trappings of the Apocalypse, if the modern materialist saw with his own eyes the heavens rolled up and the great white throne appearing, if he had the sensation of being himself hurled into the Lake of Fire, he would continue forever, in that lake itself, to regard his experience as an illusion and to find the explanation of it in psycho-analysis, or cerebral pathology.  Experience by itself proves nothing.  If a man doubts whether he is dreaming or waking, no experiment can solve his doubt, since every experiment may itself be part of the dream.  Experience proves this, or that, or nothing, according to the preconceptions we bring to it.” (God in the Dock, “Miracles,” pp. 25-26).

The problem with liberalism is that it “fundamentally transforms” whatever it touches – whether Christianity, Judaism or fiscal and economic reality – into a game of make-believe pretend.

Margaret Thatcher put the end-state of econimic liberalism succinctly: “The problem with socialism is that eventually you run out of other people’s money.”  And then comes the collapse.

When radical Islamist jihadists attack, you can’t answer or fight with make-believe.  Any more than you can fight massive debt with make-believe mass-printed dollars.

My one consolation is this: I’ve cheated; I’ve skipped ahead and read the last pages of Revelation.  God – and most definitely not Allah or secular humanism or liberal mainline pseudo religiousity – wins in the end.  And when God wins in the end, via the return of Jesus Christ as true King of kings and Lord of lords, He will win in a very literal way indeed.

Home Depot CEO Says Obama An Airheaded Academic Who Demonizes Real-World Job Creators

September 20, 2010

Flopping Aces got all their video from Townhall.  I got all the quotes from the following interview from Flopping Aces.

Go to either site to watch the videos of the interview.

CNBC’s Greg Hengler said that Home Depot CEO Bernie Marcus

“…may have been the best defense of small business, and the most important attack on the Obama administration all year.  Marcus knows a little something about small business, because his business – Home Depot – was once a small business before it became a very BIG business. Home Depot employs 320,000 people, so Mr. Marcus knows a few things about job creation.

Bernie Marcus had the following broadside blast against the administration that he clearly views as ruining America and ruining the US economy:

Now you take some of the people the President surrounded himself with, now think about it a second, they’re all academics…most of them…I mean all of them, they come out of Harvard they come out of Yale. These guys are all on tenure. By the way they’re all on tenure. Tenure means they get paid whether they work or not, tenure means they are on insurance for life, tenure means they don’t ever have to worry about anything just because they were there for a number of yearsAmerica is not that way. America is not that way. And if the President got out of, you know, Washington, in his cloak as I talked about, and started moving around the peasants which is people like everybody else in the world except for Washington. Washington has their own insurance plan, they got their own pensions, they don’t even abide by their own rules they everybody else lives by.

This “tenured” Obama “Washington” crowd sounds profoundly un-American, for what it’s worth.  You get the sense they could have woke up in Moscow, circa 1950, and fit in with the commissars and their never-once-succeeding five year plans just fine.

And Bernie Marcus speaks with unforked tongue when he accuses the whole Obama administration of being a bunch of common-senseless eggheads with no actual private sector experience whatsoever:

You can see why an incredibly successful CEO who’s actually DONE SOMETHING to create real jobs in the real world would be rather pissed off at the two-years’-worth of Obama’s demonizing the job creators of the business world.

Bernie Marcus continues, apologizing to a president who appears to despise actual job creation for his record of actual job creation:

Marcus – And when I talk to people who are creating jobs today…these are not villains. These are not monsters. They’re not like…

Kernan – And you think they are being portrayed that way?

Marcus – Oh, there is no question about it.

Kernan – How many employees does Home Depot have?

Marcus – They got about 320,000

Kernan – So you, Arthur and Ken are directly or indirectly responsible for 300,000 jobs?

Marcus – Yeah, we’re monsters and we’re disgusting human beings and I recognize that and I apologize to America right now, I’m sorry that I made wealth and I’m sorry that I’m creating jobs.

Damn right they’re monsters.  Tax those rich bastards.  Tax them until they fire all their American workers and ship those jobs overseas in countries so evil that they actually allow people and businesses to keep more of what they earn.  Tax them until the American economy crashes.  Tax them until the USA goes the way of the Dodo bird.

And then vote for Obama to preside over the ruined formerly great nation he “fundamentally transformed.”

China has ten times – TEN TIMES – the growth of the United States, while having lower tax rates.  And what do Democrats do?  Try to raise our tax rates even more.  And Democrats are employing Marxist class warfare and “spread the wealth around” redistributionist demagoguery to try to get their way.  What is amazing is that the Democrat Party in the United States is literally more communist than the Communist Party in China.

Jobs today are global; they can go anywhere on earth.  What American needs to do is respond to the countries’ that are taking our jobs away from us.  Which is why we need to lower the costs of investing in and doing business in America.  Democrats are demanding that we become less and less competitive even as they pursue a strategy of demonizing those who would make America MORE competitive.

Manufacturers Voting With Their Feet As Obama Kills The Economy

November 21, 2009

Emerson Electric, an American company founded in 1890, ranking number 111 on the Fortune 500, and the nation’s largest manufacturer of electronics and electronic equipment, is saying bye-bye to the country that hired Barack Obama.

You have to wonder how many businesses are saying goodbye to Obamination with their feet – or will soon start as his policies begin to take hold.

Emerson Electric Votes With Its Feet, Saying The Goverment Is Destoying American Manufacturing

By Richard McCormack
richard@manufacturingnews.com

One of the country’s most important industrial companies says the United States is not a good place to manufacture and it will continue moving its assets offshore.

The federal government is “doing everything in [its] manpower [and] capability to destroy U.S. manufacturing,” says David Farr, chairman and CEO of Emerson Electric Co., in a presentation at the Baird 2009 Industrial Conference in Chicago Ill., on Nov. 11. In comments reported by Bloomberg, Farr added that companies will continue adding jobs in China and India because they are “places where people want the products and where the governments welcome you to actually do something. I am not going to hire anybody in the United States. I’m moving. They are doing everything possible to destroy jobs.”

In his Powerpoint presentation available on the Emerson Electric Web site, Farr notes that the federal government is damaging prospects for U.S. economic growth with a $1.41 trillion federal deficit (10 percent of GDP); $12 trillion in government debt that will grow to $20 trillion in 10 years; a policy of printing money; a “non-targeted $800-billion stimulus”; bailouts for Wall Street and the automobile companies; the prospect for cap and trade legislation; a “government takeover” of health care to the tune of more than $1 trillion; increasing taxes and regulations; and a “lack of U.S. $ support” for manufacturing. The global stimulus “soon will fade,” says Farr.

If I wanted to destroy a nation economically from within, I would do precisely as Obama is doing.  I would create a climate of confusion and uncertainty by preventing businesses from knowing what the future will hold for them so that they could not plan.  I would constantly threaten them with policies that will necessarily provide them with disincentives to hire new employees or expand their operations.  I would burden them with higher taxes and more onerous regulations.  And I would make essential resources (such as energy) more expensive.

And then I would simply sit back and watch that economy crawl into a hole.

You might like socialism just fine, but many of the companies that actually employ workers and produce the profits that keep government revenues flowing, don’t like it at all.

Note To Democrats: Throttle Back Or Go Off Cliff

November 3, 2009

Obama won Virginia by 6 points.  Virginia hadn’t had a Republican governor for 12 years.  Both Virginian Senators are Democrats.

Now there’s change.  McDonnell wins by 18 points, in a 24 point turnaround since Obama’s win last November.  And McDonnell had a 66-30 lead among independent voters.

Obama won New Jersey by 16 points.  Blue state through and through.  Governor Corzine spent $23.6 million of his own money on his campaign; by contrast, Republican challenger Chris Christie had a total of $8.8 million.  President Obama made five trips to New Jersey, and the administration put more effort into this off-year election than any in history.  But in spite of all the advantages, Christie benefited from a 60-30 advantage in independent voters showing up to vote for the Republican.

No matter.

Now there’s change.  Christie wins by 5 points, amounting to a 21 point turnaround from Obama’s win last year.

Four races called, four Republicans elected.  Oops.  Make that five. Republican New York Mayor Bloomberg is about to hold on to win reelection.

We can also add the Maine defeat of gay marriage.  That’s a thirty for thirty smackdown of liberal activists trying to foist gay marriage onto states.  Gay marriage is supported only by Democrat politicians, activist judges, and of course Beelzebub.

Some are calling this a referendum on Barack Obama.  Others aren’t.  I don’t particularly even CARE about that, given the fact that we can’t get Obama out of the White House for three more years.

But there’s little question that this IS a referendum on hard-core liberal agenda items such as health care and cap and trade.

Nancy Pelosi and Harry Reid drink their Kool-aid by the barrel.  But any moderate Democrat who votes for any kind of leftist health care package has to know that they will be dead meat when their next turn to face the voters comes up.

Democrats won the NY-23 seat.  But that is like a drop of spit in a bucket compared with what happened in Virginia and New Jersey.  The Democrat taking NY-23 would have been big if Jon Corzine had held on to New Jersey.  But only a nut wouldn’t see that losing a district is little compared to losing a state.

Democrats and mainstream media “journalists” are portraying the Conservative Party candidate Hoffman losing NY-23 as evidence of a civil war within the Republican Party.  And maybe it is.  But as usual, Democrats are looking at the speck in the Republican Party’s eye, and ignoring the giant log in their own.

MoveOn.org is sending out emails today seeking more contributions for its campaign to defeat any Democratic senator who does not fully  support Obamacare. Yesterday the left-wing activist group asked members to contribute “to a primary challenge against any Democratic senator who helps Republicans block an up-or-down vote on health care reform.” Today, MoveOn reports that it has received $2 million in pledges in less than 24 hours. “It’s a clear sign of how angry progressives would be at any Democrat who helps filibuster reform,” MoveOn executive director Justin Ruben writes in the new email.

I’d be worried about what’s going on inside the conservative movement, if it weren’t for what I see going on inside the liberal movement.

I hate to tell you, Democrats.  But if you’re counting on the Republican Party to self-destruct, you’re a fool.

I’m very happy, and maybe that happiness gives me a little more of the sense of graciousness and humility that I would much prefer to have over any attitude of bitterness or vengeance.

There’s room for Democrats.  There’s even room for a Democrat majority.  Just be sane in how you govern.  This is a center right country.  If you can’t govern to the center-right, at least shoot for the center.

Our spending has been insane.  The deficits this administration and this Congress are building is insane.  The nearly 2,000 page health care boondoggle the Democrats are trying to impose on the nation is insane.  And the cap-and-trade legislation that was being prepared this week for another legislative effort is insane.

Stop the madness.  Please.

Republicans and Democrats can and should come together on a host of issues.  Some of them might surprise a lot of people.

John F. Kennedy was a supply-side tax cutter who understood that the economy grew and improved when people were allowed to keep more of their own money.  Rather than constantly “looking forward,” Democrats might look back and learn a few lessons from their greatest president in the last half-century.

We all want jobs, regardless of our party affiliation or lack thereof.  We can and should agree that the only jobs that are truly sustainable must come from the private sector.  Do the math: government sector jobs are funded by taxes.  And taxes are paid by people who earn money from … that’s right, from the private sector.

Republicans were right about the stimulus.  To the extent that the giant $787 billion (actually $3.27 trillion) “porkulus” created jobs or growth, it was the result of inflating the size and scope of government.

Republicans and Democrats alike ought to agree: we can and should do better.  We should either refund that stimulus to our foreign lenders, or at least redirect it to non-partisan private sector job creation.  I would much prefer the former, but doing the latter would at least take away some of the anger I’ve been carrying around for the last nine months.

Health care?  There have been zero Republican solutions considered.  And zero solutions that involved trying to actually lower the cost of health care.  That needs to change.  Dramatically.

We don’t need European-style socialized medicine in this country.  In 1787, Thomas Jefferson wrote that “With all the defects in our Constitution, whether general or particular, the comparison of our government with those of Europe, is like a comparison of Heaven with Hell.”  And his view is as true today as it was 222 years ago.

Government has never been America’s savior.  And it shouldn’t try to become our savior now.

As for job-killing cap-and-trade, it is a simple fact that fewer and fewer Americans believe in man-caused global warming.  Polar bears have increased their numbers fivefold while global warming alarmists have predicted their extinction.  It’s time to stop the madness, and focus on creating more jobs rather than creating more carbon offset credits.

Republicans and Democrats alike should both want to see less waste and corruption in our government.  Democrats promised to deliver both, but neither has come anywhere close to happening.  We need to end the waste and fraud that comes from too much government, and not enough common sense.  Not only did Democrats appoint a tax cheat to be the Secretary of the Treasury, but as we speak, the man in charge of writing our tax laws, Charles Rangel, is in all kinds of trouble over a whole host of felonious tax-related activity.  Deal with him.  Deal with all of them, regardless of their party or their position.  Drain the swamp.

Stop marginalizing conservatives and listen to them.  Quit calling tea party rallyers “tea baggers” and realize that their anger isn’t good for you.  Or for anybody.  Don’t try to ram a radical agenda down their throats and then demand that they either support it or be branded as “racist.”

Do you want a war, Democrats?  Do you want an amped-up conservative majority (and conservatives ARE the majority) out to utterly destroy you?  Fine.  I think what happened tonight proves that you’ll lose that war.

Democrats are willing to negotiate with terrorists and the leaders of rogue regimes.  If you’re going to do that, you should at least be consistent and be willing to genuinely negotiate with Republicans and leaders of conservative movements.  If you don’t agree, you have been drinking out of Harry Reid and Nancy Pelosi’s Kool-aid.

As a conservative, traditional family, religious Republican, I understand that Democrats think differently about a bunch of things, and that as the party in current control of all three branches of government, this is their chance to have their shot at showing what their philosophy will accomplish.

But don’t be stupid about it.  Because if you are, you are going to end up paying dearly.