Posts Tagged ‘pensions’

Businesses And Wealthy People Flooding Out Of Liberal California. The Only People Pouring IN Are Lobbyists. And Why Is That?

March 19, 2013

As a native Californian, I laughed when I first came across Murphy’s Laws and saw the one that said, “Everything east of the San Andreas fault will eventually plunge into the Atlantic Ocean.”

It’s not so damn funny now in the age of Obama when everything east of the San Andreas fault IS pretty much plunging into the Atlantic Ocean.  Especially given the fact that liberals dominate California and are plunging that state into its own special form of hell.

Then again, Murphy – never much for looking at the bright side – predicted Obama would become president in one of his darker moods.

Things were not going well for California.  People and businesses were flooding out of California.

It was 2009 when I cited an article which stated an amazing fact regarding the competition for businesses between liberal California and conservative Texas:

Don’t look now, but there’s a new War Between the States under way, and the south is winning. The most dramatic winner is Texas. The cover story of a recent (July 9) issue of The Economist compared California with Texas and implied that the Golden State is falling apart, while the Lone Star State is leading the nation out of the recession.  Then, in a mid-July issue of National Review, Kevin D. Williamson said the nation is “Going Alamo,” with new jobs and businesses tipping southward, draining California, the Midwest, and Northeast of their former economic glory.

One indicator of the trend, according to Williamson, is the cost of renting a U-Haul truck for a one-way move.  From Austin, Texas to San Francisco, California, the cost is $900, while a one-way rental from San Francisco to Austin is $3,000, due to the exodus of trucks from California.

All this makes sense.  We are a mobile nation.  People can move easily enough (especially if they rent), and capital can move even faster.  Capital, jobs, and businesses will go where they are most welcome, while capital leaves places where it is punished by higher taxes and over-regulation.

Why was it 233 percent more expensive to go from Texas to California than it was to go from California to Texas in a U-Haul truck?  Because rats were fleeing the sinking liberal ship of Statism, that’s why.

We found that the most liberal states with the highest tax rates were not only seeing by far and away the most flight as people poured out of states that simply were dead-ends for anybody wanting a damn JOB, but that it was these same liberal states that also had the highest budget deficits.  While states that were run by conservatives had the budget surpluses.

Well, of course, it got even worse for California.  In the 2010 election, California was pretty much the only state to defy the massive and historic Republican landslide as people across the nation voted against liberalism.  California actually gained power for Democrats that year.

Now where are we?

Well, we elected liberal Democrat Jerry Brown.  Jerry Brown hiked taxes.  And businesses increased their rate of flooding out of the state.

I was in a Burke’s Outlet store today.  The store in my town was almost completely empty of merchandise.  I asked the manager what was going on and he said that Burke’s – which has more than 500 stores nationwide – was leaving California entirely.

I asked him why that was and he was brutally honest: because of the new tax hikes.  There were other states that didn’t piss on their businesses the way California pisses on their businesses via the Democrat Party.

Well, I’m sure all of those Burke’s Outlet employees are thrilled to be out of their jobs.  I’m sure those tax hikes on the rich are working out just swell for those poor workers.

You don’t hear this very often, but the Los Angeles Times – in one of their incredibly few honest moments – published the fact that California has a $500 billion deficit because of their giveaways to liberal labor unions:

California’s $500-billion pension time bomb
April 06, 2010|By David Crane

The staggering amount of unfunded debt stands to crowd out funding for many popular programs. Reform will take something sadly lacking in the Legislature: political courage.

The state of California’s real unfunded pension debt clocks in at more than $500 billion, nearly eight times greater than officially reported.

That’s the finding from a study released Monday by Stanford University’s public policy program, confirming a recent report with similar, stunning findings from Northwestern University and the University of Chicago.

We’re doomed in California.  And we deserve to be doomed.  Plunging into the ocean would be about the best outcome we could dream of compared to the economic collapse we’re eventually going to be unable to keep papering over with insanely bogus “math.”

And of course, other liberal states like Illinois (see also here) are just as evil and face just as awful a pension time bomb.

Liberalism is pure evil, and anybody who has a clue knows that.

Fortunately for liberals, most Americans are stunningly ignorant and depraved people.  So it’s working out great for the Democrat Party machine which has succeeded by lying to the most ignorant and stupid populations (such as young people who pretty much are the definition of “stupid”).

Do you want to know who IS flooding in to bankrupt California right now?

Lobbyists, that’s who.  Contrary to Democrats’ lies, we’re seeing a massive increase in lobbying to the tune of a 50% increase over the evil Bush years:

SACRAMENTO — Although many of California’s cities and counties have been struggling financially, putting off road repairs, cutting back library hours and reducing police patrols, there is one way in which they have not held back: hiring Sacramento lobbyists.

Local governments’ spending on advocacy in the Capitol has surged in recent years, topping $96 million during the two-year legislative session that ended last fall — an increase of nearly 50% from a decade ago.

The sum dwarfs the lobbying bills of the state’s largest labor unions, big oil companies and other energy interests combined, according to the California secretary of state’soffice. No sector spends nearly as much trying to influence government in California as government.

And, of course, after all of his lies and slander and demagoguery and bogus promises, Obama turns out to be the worst whore for lobbyists’ money in the history of the republic as he sells out this nation like no one has ever even thought of selling it out before.

Barack Hussein Obama is the Whore-in-Chief.

It’s actually pretty easy to explain what’s happening and why: liberalism is the worship of the State.  God is dead.  The State is God.  And in liberal theology, the State as God sovereignly chooses as our God who wins and who loses, who gets Marxist redistribution and who is forced to pay higher and higher and higher taxes to pay for that Marxist redistribution.  And under ObamaCare, the State even gets to decide who lives and who dies as the death panels Sarah Palin predicted turn out to be all to damn real.

And, of course, there too, the State gets to decide who wins and who loses, as liberals grant waivers to the unions and the big corporations that most helped Obama pass his socialist takeover of what used to be the finest medical system on planet earth.

After Black Friday in 1929, just as shortly after the Titanic hit that iceberg, there was a period when things didn’t seem that bad.  As an example, after that infamous Black Friday in September of 1929, “In early 1930, credit was ample and available at low rates.”  Things were looking up.  Everything seemed swell.

Just like now.

Mind you, during the Great Depression, which FDR prolonged by seven years according to economists, we had plenty of lobbyists whoring for more government influence and government money, too.  When the government is running everything on the one hand and spending money it doesn’t have on the other, there are always dishonest whores waiting to suck it out of corrupt politicians.

All you have to do is worship Obama and take the mark of the beast, and you too can have a fancy job as a lobbyist.  But otherwise, just give up because things are a lot worse than they seem for decent people.

The way of California is the way of Cain.  And Cain is burning in hell for his wickedness just like every liberal will soon be.

Update, 3/20/13: What Democrats are doing in California and everywhere else is a firehose of evil that just keeps pouring out of the left.  I wrote this article the evening of the 18th and published it so it would come out the 19th.  When I woke up the morning of the 19th, what did I learn?  That Democrats are doing in California what socialists were trying to do in Cypruss: steal their citizens’ money by any vile means possible.

In California, Democrats actually tried to retroactively tax small businesses five years back.  California had provided a tax break for small businesses and other entrepreneurs and Democrats are whores who suck other people’s money.  Democrats not only wanted to end the tax break, but they demanded that businesses pay the socialist State BACK every single penny they had received in those tax break – complete with interest and even penalties:

California’s top-end taxpayers — already steamed over a recent hike in the  nation’s highest state income tax — are now fuming over a new $120 million  retroactive tax grab on small business owners.

In December, the state’s tax authority determined that a tax break claimed  over the past few years by 2,500 entrepreneurs and stockholders of  California-based small businesses is no longer valid and sent out notices of  payment.

“How would you feel if you made a decision, which was made four years ago,  (and) you absolutely knew was legally correct and four years later a governing  body came in and said, ‘no, it’s not correct, now you owe us a bunch more money.  And we’re going to charge you interest on money you didn’t even know you owed’,”  Brian Overstreet told Fox News from his office north of San Francisco.

Last year, Overstreet and his fellow investors sold Sagient Research Systems  and immediately reported the sale to the California Franchise Tax Board, the  state’s version of the IRS. “It was good for the shareholders, it was good for  the employees and good for those of us who founded it,” Overstreet said about  the sale of the data mining company. “We paid the tax based on the law at the  time.”

Here’s the question: how would YOU feel, not that you liberals are capable of mustering up that kind of actual empathy or anything.

The vileness of the left simply has no limits and knows no boundaries.

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Chicago Teachers Striking Against Students As A Metaphor For Obama Democrats Striking Against America

September 11, 2012

Teachers are striking and preventing some 400,000 students from having a chance of an education.  In their own words they say their chief gripe is that somebody would have the unmitigated gall to rate or evaluate their performance; as if they don’t rate their STUDENTS’ performance every single day.  They are also demanding that if teachers get laid off, they must be rehired not on the basis of MERIT but on the basis of union seniority.

Some facts you ought to know:

The smartest parents in Chicago right now are those whose kids attend charter schools, private schools, or parochial schools. Those institutions don’t employ Chicago’s unionized public-school teachers, who went out on strike this morning for the first time in 25 years.

The coverage of the strike has obscured some basic facts. The money has continued to pour into Chicago’s failing public schools in recent years. Chicago teachers have the highest average salary of any city at $76,000 a year before benefits. The average family in the city only earns $47,000 a year. Yet the teachers rejected a 16 percent salary increase over four years at a time when most families are not getting any raises or are looking for work.

Source: nationalreview.com

Are Chicago teachers bothering to do their damn jobs?

(CNSNews.com) – In the Chicago Public Schools, where the teacher’s union is now seeking a 30 percent raise over the next two years, only 21 percent of 8th graders tested at grade-level proficient or better in reading in 2011 and only 20 percent tested at grade-level proficient or better in mathematics, according to the National Assessment of Educational Progress tests administered by the U.S. Department of Education.

The reading and math scores of Chicago public-school 8th graders not only ranked below the national average and the Illinois average, they also ranked below the average for 8th graders attending public schools in other large cities around the country.

It gets even WORSE if your kid is a 4th grader:

Small wonder. Just 15 percent of fourth graders are proficient in reading and only 56 percent of students who enter their freshman year of high school wind up graduating.

In spite of earning 62% more in salary than the parents of the kids who trust their children to these “teachers,” we find that:

The city is being bled dry by the exorbitant benefits packages negotiated by previous elected officials. Teachers pay only 3 percent of their health-care costs and out of every new dollar set aside for public education in Illinois in the last five years, a full 71 cents has gone to teacher retirement costs.

Did you hear that?  There’s no room in the education budget for stuff like BOOKS because 71 cents out of every single dollar that goes to education in Chicago ends up in the bloated Chicago teacher pension system.

Do you know what Illinois’ unfunded pension liability is?  Well, that wasn’t a fair question, given that NOBODY does.  But it was estimated at $210 BILLION going on a year and a half ago.

Fellow überliberal California’s unfunded pension anvil that is queued over our collectivists heads is estimated at $500 billion.  And we can’t even figure out how to pay 1/20th of that!

When these blue states implode they will take the rest of America down the toilet drain and into the sewer right along with them.

Your child CAN’T have any educational resources.  Because we’ve got vile liberals running the system in so many of these big cesspool-cities and they take care of themselves at the peoples’ expense year after year even as they demonize Republicans whose “crime” is wanting to break these damn unions.

Where are public school teachers putting their own kids?

In Philadelphia, 44 percent of the teachers put their children in private schools; in Cincinnati, 41 percent; Chicago, 39 percent; Rochester, N.Y., 38 percent. The same trends showed up in the San Francisco-Oakland area, where 34 percent of public school teachers chose private schools for their children; 33 percent in New York City and New Jersey suburbs; and 29 percent in Milwaukee and New Orleans.

Michael Pons, spokesman for the National Education Association, the 2.7-million-member public school union, declined a request for comment on the study’s findings. The American Federation of Teachers also declined to comment.

Public school teachers told the Fordham Institute’s surveyors that private and religious schools impose greater discipline, achieve higher academic achievement and offer overall a better atmosphere.

Across the states, 12.2 percent of all families — urban, rural and suburban — send their children to private schools,” says the report, based on 2000 census data.

In Chicago, 39% of public school teachers get their kids the HELL out of public school hell, which is 220% higher than the rate of non-public teachers.  If that doesn’t scream how bad the public school system is and scream that public school teachers recognize it more than anybody, you are too deaf to hear ANYTHING.

These Chicago teachers are simply godawful.  You could literally argue that by striking and refusing to teach the children, they might actually be doing the kids a service.  Because they’re just that bad at their jobs.

But damn it, they are liberals, they are Democrats, they are bureaucrats.  And that means they are bloated leeches sucking taxpayer money like the parasites that liberals are.

They actually had the balls to turn down their noses at a SIXTEEN PERCENT PAY INCREASE.  When non-union-government-school-teacher families are count themselves lucky to get ZERO raises if they just HAVE a job.  So these pathetic failing teachers who frankly should have their asses fired so they can finally understand reality are demanding that they get MORE pay and benefits while demanding that they NEVER be held accountable for their failure to teach our children.  Which is another way of saying they are PERFECT DEMOCRATS.

And, of course, their “official position” is just a meaningless posture of lies.  This is what they REALLY demand:

In public, the Chicago Teachers Union uses generalities to describe its demands, with the union president, Karen Lewis, saying the teachers want a “fair contract.” But according to one senior Chicago official with direct knowledge of the negotiations with the union reps, “Their public rhetoric has almost nothing to do with what’s happening at the table.” Media accounts indicate that the city’s latest offer was to raise teacher pay 16% over the next four years, but the senior city official and other sources with knowledge of the negotiations say the union demanded raises that would amount to at least a 35% salary increase over three years as well as guaranteed jobs for any teachers who get laid off as Chicago’s schools downsize. The city does not have that kind of money, and other changes the union is demanding would essentially render meaningless a new law in Illinois that mandates improved teacher evaluations there.

Rahm Emanuel has already caved.  He’s already offered them the keys to the business.  Only union teachers don’t just want the keys to the business; they’re demanding the entire damn BUSINESS DISTRICT.  It’s ALL or bust.

To be a Democrat is to be an entitlement pig.  It is to demand a society in which they get more at somebody else’s expense.

Illinois is already the worst deadbeat state in the country.  Ordinary residents (i.e., that’s people who DON’T belong to a government union) are getting I.O.U.s from the state to the tune of millions of dollars being stiffed while the teachers unions fight for the entire farm.  Watch this 60 Minutes video if you don’t believe what I’m saying.

It’s just like what Obama just did to welfare (as the Government Accounting Office has stated for the record): these people don’t want to be held accountable; they don’t want to work.  They want to be able to keep collecting more and more and more because they were able to force somebody else to pay for it.

Under Republican Mayor Rudy Giuliani’s leadership, overall crime in New York City fell 57%, murder was reduced by 65%, shootings dropped 72% and New York was recognized by the F.B.I. as the safest large city in America for five consecutive years.  Under Democrat Obama thug Rahm Emanuel, the exact opposite has happened.  The murder rate is skyrocketing so fast under liberalism that it is beyond crazy.  Just don’t let those kids work in a Chick-Fil-A; better that they embrace gangbanging instead.

The only thing that Chicago public school teachers seem to be able to teach is that if you tilt your gun sideways, it looks cooler when you’re shooting bullets into a crowd.  And they think they should get a raise for that success.

When you vote Democrat, you vote for more stupid and more evil.  And you’re going to get plenty of both if you get four more years of Obama.

Update, 9/11: Obama promised that he would walk the picket line of any union that went on strike in 2007 “as president of the United States of America”:

I hope Obama finds those shoes and actually fulfills JUST ONE promise he made and walks that picket line. So the American people can see once for all that Obama stands with the rabid union agenda and against America’s children.

Get out there and WALK for your fellow Marxists like you cynically promised, Obama.  Let us see you for the radical and rabid community organizer you truly ARE.

If Spain Collapses, Europe Collapses. And If Europe Collapses, America Collapses. And Terrified Spaniards Are Bailing Out Of Spain As I Write This.

September 5, 2012

Be afraid.  Be very, very afraid.  Because to paraphrase Obama’s demonic reverend for 25 years, the chickens of socialism have come home to roost:

Fears Rising, Spaniards Pull Out Their Cash and Get Out of Spain
Published in the New York Times: Monday, 3 Sep 2012 | 9:22 PM ET By: Landon Thomas Jr.

After working six years as a senior executive for a multinational payroll-processing company in Barcelona, Spain, Mr. Vildosola is cutting his professional and financial ties with his troubled homeland. He has moved his family to a village near Cambridge, England, where he will take the reins at a small software company, and he has transferred his savings from Spanish banks to British banks.

“The macro situation in Spain is getting worse and worse,” Mr. Vildosola, 38, said last week just hours before boarding a plane to London with his wife and two small children. “There is just too much risk. Spain is going to be next after Greece, and I just don’t want to end up holding devalued pesetas.”

Mr. Vildosola is among many who worry that Spain’s economic tailspin could eventually force the country’s withdrawal from the euro and a return to its former currency, the peseta. That dire outcome is still considered a long shot, even if Spain might eventually require a Greek-style bailout. But there is no doubt that many of those in a position to do so are taking their money — and in some cases themselves — out of Spain.

In July, Spaniards withdrew a record 75 billion euros, or $94 billion, from their banks — an amount equal to 7 percent of the country’s overall economic output — as doubts grew about the durability of Spain’s financial system.

The withdrawals accelerated a trend that began in the middle of last year, and came despite a European commitment to pump up to 100 billion euros into the Spanish banking system. Analysts will be watching to see whether the August data, when available, shows an even faster rate of capital flight.

More disturbing for Spain is that the flight is starting to include members of its educated and entrepreneurial elite who are fed up with the lack of job opportunities in a country where the unemployment rate touches 25 percent.

According to official statistics, 30,000 Spaniards registered to work in Britain in the last year, and analysts say that this figure would be many multiples higher if workers without documents were counted. That is a 25 percent increase from a year earlier.

“No doubt there is a little bit of panic,” said José García Montalvo, an economist at Pompeu Fabra University in Barcelona. “The wealthy people have already taken their money out. Now it’s the professionals and midrange people who are moving their money to Germany and London. The mood is very, very bad.”

It is possible that the outlook could improve if the European Central Bank’s governing council, which meets Thursday, signals a plan to help shore up the finances of Spain and other euro zone laggards by intervening in the bond markets.

But right now, if anything, Spain’s picture is growing dimmer.

On Friday, the government’s bank rescue fund said it would need to pump up to 5 billion euros into the failed mortgage-lending giant Bankia, which the state seized in May. And on Monday, Andalusia became the latest of Spain’s semiautonomous regions to ask the central government for rescue money.

The wider prospects for the euro zone are also still bleak. Moody’s [MCO 39.72 0.12 (+0.3%) ] Investors Service said on Monday that it had changed its outlook on the AAA rating of the European Union to negative, and that it might downgrade the rating if it decides to cut the ratings on the union’s four largest budget contributors.

Spain’s gathering gloom comes despite a gradual return of capital to banks in Greece and the relative stability of deposits in those other euro zone trouble spots, Italy, Ireland and Portugal.

The continued exodus of money and people from Spain could be a warning to European policy makers that bailing out the country — a step now widely expected — may not stem the panic as long as the Spanish economy remains in a funk.

It was a lesson learned in Greece, where despite successive European bailouts, about a third of deposits have been withdrawn from its banks since 2009, as the public worried that Athens might have to return to the drachma.

Spain is still a far cry from a nearly bankrupt Greece: it has a much larger and more diverse economy, lower levels of debt and a bond market that is still functioning.

It might be more accurate to say that money is leaving Spanish banks at more of a jog than anything close to a sprint.

Although retail and corporate deposits are down 10 percent compared with those of July 2011, the country remains relatively rich in savings, with 2.3 trillion euros in overall deposits, according to data from Morgan Stanley.

But once under way, the flight of bank deposits can easily overwhelm rational facts and analysis.

Setting off the flight was the failure of Bankia, which came as a shock to Spanish savers who had been assured by government officials that the bank was in good shape.

Instead of calming fears, the state takeover prompted comparisons to Argentina in 2001, when peso bank accounts denominated in dollars were frozen in order to stem the flight of deposits.

The corralito, or corral, as the Argentine action is known, has become part of the public conversation in Spain. The million-plus Argentines who have since immigrated to Spain have provided ample and gory stories of desperate legal battles and wiped-out savings.

Eduardo Pérez, a Spaniard who was working in Argentina during that period, remembers the events all too well. He said he lost four-fifths of the money he had kept in an Argentine savings account, though he declined to say how much money was involved.

“Some of my friends lost everything,” Mr. Pérez said. “So yes, everyone in Spain knows about the corralito.”

Recently, Mr. Pérez, who lives in the northern city of Bilbao, removed about a third of his euros from his Spanish savings account and sent them to Singapore, converting them to Singapore dollars.

Having lost his job at a multinational company a few months ago, Mr. Pérez, 48, is trying to make ends meet by focusing on his travel Web site and blog, which aggregate Spanish-language travel videos.

But as the job outlook worsens, he is contemplating following in the path of his savings and starting a new life in Singapore with his wife.

“Two years ago, we never would have thought of this, but now I have real fears that there will be a breakup with the euro,” he said. “And when you keep hearing people saying, ‘Don’t worry, it’s not going to happen’ — well, that is when you have to start worrying.”

Analysts said that the record-high outflow from Spain in July was probably spurred in part by July’s being a taxpaying month for many corporations, which prompted them to withdraw cash from deposit accounts.

Also playing a role were investment funds that moved cash reserves to foreign banks in light of the credit downgrades at Spanish banks.

Still, as the examples of Mr. Vildosola and Mr. Pérez show, individual deposit flight is becoming more pronounced.

Some people are willing to fly to London for the day just to open an account there, as most banks in the city require such transactions to be made in person.

Spanish bankers working for British financial institutions say they have been hit with a barrage of questions about how to open savings accounts in London.

“It seems as if everyone I know in Spain is getting on an easyJet to come to London and open a bank account,” said one such banker, who spoke on condition of anonymity, citing his company’s policy.

That is what Mr. Vildosola did before he took the more drastic step of moving his family to England.

“It’s sad,” he said. “But I just don’t think there is a future for me in Spain right now.”

This story originally appeared in The New York Times

You want scary?  CNBC reported that the withdrawal rate is equal to 52% of the entire GDP of Spain:

The flight of capital from Spain is now worse than what Indonesia, one of the hardest hit countries during the Asian financial crisis, experienced in the late 1990s, according to analysis by Nomura.

On a three-month rolling basis, portfolio and investment outflows from Spain totaled 52.3 percent of the country’s gross domestic product (GDP), (that’s) more than double the outflows from Indonesia, which reached 23 percent of GDP at the time of the Asian crisis, Jens Nordvig, global head of G10 FX strategy at Nomura wrote in a note to clients on Tuesday.

Spaniards and foreign investors have been pulling money out of Spanish banks as the economy has worsened in recent months, and Nordvig said without the single currency and the flows from the ECB, Spain would already be going through a major currency crisis. (Read More: Depression, Suicides Rise as Euro Debt Crisis Intensifies)

We would stress that the broad-based nature of the capital flight, which involves both banking claims and securities and flows from both residents and non-residents, makes for a rather extreme overall outflow, and one that raises serious concerns about the implications for banking sector stability and economic growth,” Nordvig wrote.

For the record, the French are fleeing France and they are making it very clear that they are fleeing France because of the socialism that France just chose for itself:

Indigestion for ‘les Riches’ in a Plan for Higher Taxes
By LIZ ALDERMAN
Published: August 7, 2012 763 Comments

PARIS — The call to Vincent Grandil’s Paris law firm began like many others that have rolled in recently. On the line was the well-paid chief executive of one of France’s most profitable companies, and he was feeling nervous.

President François Hollande is vowing to impose a 75 percent tax on the portion of anyone’s income above a million euros ($1.24 million) a year. “Should I be preparing to leave the country?” the executive asked Mr. Grandil.

The lawyer’s counsel: Wait and see. For now, at least.

“We’re getting a lot of calls from high earners who are asking whether they should get out of France,” said Mr. Grandil, a partner at Altexis, which specializes in tax matters for corporations and the wealthy. “Even young, dynamic people pulling in 200,000 euros are wondering whether to remain in a country where making money is not considered a good thing.”

A chill is wafting over France’s business class as Mr. Hollande, the country’s first Socialist president since François Mitterrand in the 1980s, presses a manifesto of patriotism to “pay extra tax to get the country back on its feet again.” The 75 percent tax proposal, which Parliament plans to take up in September, is ostensibly aimed at bolstering French finances as Europe’s long-running debt crisis intensifies.

Europe is imploding.  Spain is one of the PIIGS (the ‘S’ in PIIGS, in fact) who are leading that collapse.  And Obama is pushing for an economic and environmentalist model that most copies collapsing Spain.

And liberals are DETERMINED to do the same thing here.  Go to Illinois, the king of the deadbeat states.  You watch a 60 Minute Story and you will be PISSED at what slimebag Democrat cockroaches have done.  Go to California, where Democrats have created a $500 BILLION unfunded pension black hole of doom.  Look at America under Obama and take note that America just passed the $16 trillion mark that was $10 trillion when Bush left office.  Barack Obama DEMONIZED George Bush for increasing the debt by $4 trillion over eight years – look what that Marxist weasel has done in HALF the time by piling on $6 trillion in debt in only FOUR years!!!  Oh, and America’s REAL debt isn’t a paltry $16 trillion; it’s actually a supermassive $222 trillion.  And all that debt was created by Democrat boondoggle-takeovers of what should have been privatized.

Democrats have murdered America.  And we are merely waiting for our turn to completely implode before the Antichrist comes and the Book of Revelation prophecy becomes the news story account of the end of human history.  You can hear the hoofbeats of the four horsemen of the Apocalypse riding hard toward us even now.

The last couple of years, as Europe has slowly imploded, the dollar has been given a boost as terrorized Europeans seek some haven from their weakening Euro.  But if Europe goes – and it WILL go – America will fall right afterward because Europe is our largest trading partner and there won’t be anybody to buy our stuff from us.  And because Obama has spent the last four years racing us toward that same direction and that same catastrophic collapse.  And when America goes the dollar will flush down the toilet right down with it.  And you better take a look at the terror on the faces of Spaniards; because YOU will have that same look on YOUR face soon thanks to your vote for Obama and Democrats in 2008.

In 1980, the last year of Jimmy Carter’s failed presidency, 300,000 businesses filed for bankruptcy.  In this last failed year of Obama’s failed presidency, 1.4 million – very nearly FIVE TIMES as many – businesses have filed for bankruptcy.  If we vote for Obama, we vote to die as a nation just as Spain previously voted to die and just as Europe previously voted to die.

Everything about this failed president is Marxist – including his damn Marxist slogans:

New Obama slogan has long ties to Marxism, socialism
By Victor Morton – The Washington Times
April 30, 2012, 06:56PM

The Obama campaign apparently didn’t look backwards into history when selecting its new campaign slogan, “Forward” — a word with a long and rich association with European Marxism.

Many Communist and radical publications and entities throughout the 19th and 20th centuries had the name “Forward!” or its foreign cognates. Wikipedia has an entire section called “Forward (generic name of socialist publications).”

“The name Forward carries a special meaning in socialist political terminology. It has been frequently used as a name for socialist, communist and other left-wing newspapers and publications,” the online encyclopedia explains.

The slogan “Forward!” reflected the conviction of European Marxists and radicals that their movements reflected the march of history, which would move forward past capitalism and into socialism and communism.

The Obama campaign released its new campaign slogan Monday in a 7-minute video. The title card has simply the word “Forward” with the “O” having the familiar Obama logo from 2008. It will be played at rallies this weekend that mark the Obama re-election campaign’s official beginning.

Vote for Obama.  March “forward” right into hell, you fools.  Because that’s what you’ve got to look “forward” to under your demonic false messiah Obama.

You just watch what will happen to the DOW the day Spain goes the way of the Dodo bird.  And you realize that we’re going down hard in our own day of reckoning because we chose the same stupid and immoral course that Spain chose.

What’s Obama’s “strategy” to deal with this crisis???  To try to call on Europe to not collapse until after he’s reelected so he won’t have to face the voters’ wrath over what hell has befallen America under his failed leadership.

The collapse is coming.  Democrats gave us that when they voted for Obama and let him kill America with his socialism.  The Antichrist is coming.  He’ll be riding in on his white horse to save the day from the disaster and collapse caused by the previous false messiah Obama.  And Democrats will welcome the beast even more enthusiastically than they welcomed Obama and they will worship him and they will take his mark.

Get ready for hell on earth.  And then get ready for hell itself.  Because the beast is coming.

How To Take On Obama (Chicago Thug Style) At His Own Demagogue Game

August 11, 2012

I thought this was interesting.

Before getting to how to “out-Obama Obama” using his own Chicago thug style politics against him, first read this for the overview of the facts:

Bipartisan group of legislators demands stronger probe into Delphi pension scandal
4:33 PM 08/09/2012

Twelve lawmakers wrote to House oversight committee Chairman Rep. Darrell Issa and Senate Homeland Security and Governmental Affairs Committee Chairman Sen. Joe Lieberman asking that they expand current probes into a Department of Treasury scandal that left 20,000 non-union Delphi retirees without their pensions after the 2009 General Motors bailout.

The members — Sens. Rob Portman of Ohio, Thad Cochran of Mississippi and Roger Wicker of Mississippi, and Reps. Pat Tiberi of Ohio, Steve Stivers of Ohio, Mike Kelly of Pennsylvania, Dan Burton of Indiana, Bill Johnson of Ohio, Paul Gosar of Arizona, Marcy Kaptur of Ohio and Gregg Harper of Mississippi — are led by Ohio Republican Rep. Mike Turner.

“We are writing to request that the committees which you chair submit additional requests for documents from the Department of the Treasury and the Pension Benefit Guaranty Corporation (PBGC) on matters pertaining to the unjust termination of Delphi salaried retiree pensions in the federal government’s bailout of General Motors,” the lawmakers wrote. “As you may know, the pensions of Delphi salaried retirees were significantly reduced in the aftermath of the bailout, while their union counterparts were made whole. These retirees, regardless of labor affiliation or not, spent their careers working alongside one another and should not be treated differently in their retirement. This decision of the Auto Task Force, Treasury, and the PBGC continues to affect roughly 20,000 current and future retirees across the nation.”

The bipartisan support for this renewed investigation call — Kaptur is a Democrat — undercuts the Obama campaign’s accusations that his GOP rival, Mitt Romney, and Turner are trying to “politicize” this scandal.

Portman, who’s widely considered to be on Romney’s short list of potential vice presidential candidates, said in a statement that he has “met with these hard-working Ohioans who lost a significant portion of their pension benefits while other retirees from the same company received far better treatment.”

“The idea that the administration played politics with their pensions is beyond disappointing, and it deserves answers,” Portman said. “The administration’s decisions have caused pain and loss to thousands of workers and their families as a result of their reduced benefits. This matter deserves continued scrutiny from Congress, and the administration must be called upon to account for its decisions.”

This renewed investigation call comes in the wake of emails The Daily Caller obtained and first published on Tuesday showing that senior White House and Treasury officials were behind the termination of pensions for 20,000 non-union Delphi salaried retirees.

Those emails show that the Treasury Department, led by Secretary Timothy Geithner, was the driving force behind terminating those pensions — a move made in 2009 while the Obama administration implemented its auto bailout plan. The emails contradict sworn testimony in which several Obama administration figures have consistently said that the decision to terminate the pensions came from the PBGC. The PBGC is a federal government agency that handles private-sector pension benefits issues. Its charter calls for independent representation of pension beneficiaries’ interests.

29 U.S.C. §1342 maintains that the PBGC is the only government entity that is legally empowered to initiate termination of a pension or make any official movements toward doing so. (RELATED: Obama campaign says Romney wants to politicize Delphi pension scandal, despite his months of silence)

In their letter to the committee chairmen, the lawmakers express the desire to ensure that wrongs are righted in this case, and make sure those responsible for government wrongdoing are held accountable. “Given the nature of the correspondence made public at the House committee’s hearing on July 10, 2012, and in recent press reports, it is our hope that these additional requests will yield a thorough production from the Treasury and the PBGC,” they wrote. “We believe that these requests will ensure that Congress is provided full and complete disclosure and that these agencies are held accountable to the American taxpayers.”

On a conference call with reporters on Wednesday, Turner said there’s a suspicion that Obama administration officials committed illegal acts during this activity in 2009, but regardless, the actions were absolutely improper — and that the officials involved have misled congressional investigators during a series of several House oversight committee hearings.

“[The emails] show that the administration has been misrepresenting this process,” Turner said on the call. “They have previously said that the pension decisions were made by General Motors and they said they were by PBGC. The emails that are now surfacing clearly show that this was run by Treasury in back door deals with the Auto Task Force, the PBGC and, of course, General Motors — [which was] acquired by the taxpayers through the Treasury. [It was] all being coordinated through the Treasury Department, resulting in what we believe may be illegal activity — but is definitely improper activity.”

Representatives for Issa and Lieberman haven’t immediately returned TheDC’s requests for comment on the letter.

So a Free Republic member gave us an easy step-by-step how-to on how to use Obama’s own constant “my opponent is hurting the American worker out of his partisanship and greed”-style campaigning against him (the Daily Caller link is to the article I cite above):

Here is a Mitt Romney Ad I’d like to see – (Vanity)
http://dailycaller.com/2012/08/09/bipartisan-group-of-legislators-demands-stronger-probe-into-delphi-pension-scandal/ ^ | Self

Posted on Friday, August 10, 2012 12:41:18 PM by Nicojones

The Ad opens with a written declaration that 20,000 non-union Delphi retirees lost their pensions while the Union employees were able to keep them as part of Obama’s auto bailout.

Each Ad should then feature one of the Delphi employees that lost their pension. With 20,000 to choose from, they should feature the saddest stories – guys with sick families and medical bills, foreclosures. etc. Each story should be juxtaposed with the Union employees that were allowed by Obama to keep their pensions. At the end, the narrator should point out that Obama is not a man of the people, fighting for the working stiff. He’s just the man bought and paid for by the Unions, fighting for special interests!

I wrote about what Obama did at Delphi and the 20,000 workers who got completely screwed so Obama could illegally and immorally give union workers more benefits.  The Obama White House schemed with Big Labor bosses to preserve UAW members’ costly pension funds by shafting their 20,000 nonunion counterparts.

If you are one of the five percent of American workers who are owned by private sector unions, good for you.  If you are one of the rest of the American workers who AREN’T in a union, than Obama will screw you the same way he screwed the workers at Delphi.

And the “beautiful” thing about this strategy – a strategy that Obama is using in EVERY SINGLE ad and campaign appearance – is that you’re not limited to Delphi workers.  How many million Americans have lost their jobs in Obama’s economy?  How many Americans could tell a story of, “Before Obama, my family was doing fine.  But then Obama’s failed policies cost me my job, and now we’re living in our car.  Obama hates my family.  Obama hates American workers.  Obama hates America.”

Romney could win the White House by doing nothing more than feeding Obama his own medicine – through a fire hose.

The Private Sector’s Doing Fine? It’s Time To Smack Down Government Unions And Their Useful Idiot Obama Once And For All

June 11, 2012

One of the facts of history is that even Franklin Delano Roosevelt believed that government unions was un-American and inherently dangerous (see here and also here).  FDR pointed out the fact that for a government employee, “the employer was the whole people” and described strikes by public union workers – which have happened many, many times, for what it’s worth – as something that:

“manifests nothing less than an intent on their part to prevent or obstruct the operations of Government until their demands are satisfied. Such action, looking toward the paralysis of Government by those who have sworn to support it, is unthinkable and intolerable.”

It is a morbid, not to mention sick and twisted, fact that public unions now own the Democrat Party.  Big union money represents more than TEN TIMES any Republican Party special interest money.

Obama’s utterly asinine statement that “the public sector’s doing fine” was an inherent plea for the American people to sacrifice themselves, their families and their economic interests in order to make government and the government unions that are in bed with the Democrat Party bigger.

The reality is that the private sector labor force has massively shrank to its lowest rate in more than thirty-one years under the failed policies of Barack Obama.  And even worse, as that article documents, the numbers keep moving IN THE WRONG DIRECTION.  Obama’s “improved” unemployment rate is a load of bunk: the only reason the rate has decreased is because the millions who drop out of the labor force are no longer counted.  The fact is that 88 MILLION working age Americans are idly sitting on their asses under Obama’s absolute failure as president.

As another real-term measure of how frankly evil Obama’s assertion that “the private sector’s doing fine,” the median wage – which Obama demonized George Bush’s presidency for a $2,000 decline over eight years – has declined a shocking $4,300 since Obama took office.  Which is to say that Obama is actually well over four times as much a failure as the president he has made his entire presidency about demonizing.

“Doing fine” my ass.

But let’s get back to the other side of the equation, the public unions, that Obama wants you to help pave right over your own grave.

Public unions have been a mistake that have been “progressively” poisoning America for the last 50 years.  It is long past time to correct that mistake – with an axe:

The End Nears for a 50-Year Mistake
Jeff Jacoby
Jun 10, 2012

In retrospect, there were two conspicuous giveaways that Wisconsin Governor Scott Walker was headed for victory in last week’s recall election.

One was that the Democrats’ campaign against him wound up focusing on just about everything but Walker’s law limiting collective bargaining rights for government workers. Sixteen months ago, the Capitol building in Madison was besieged by rioting protesters hell-bent on blocking the changes by any means necessary. Union members and their supporters, incandescent with rage, likened Walker to Adolf Hitler and cheered as Democratic lawmakers fled the state in a bid to force the legislature to a standstill. Once the bill passed, unions and Democrats vowed revenge, and amassed a million signatures on recall petitions.

But the more voters saw of the law’s effects, the more they liked it. Dozens of school districts reported millions in savings, most without resorting to layoffs. Property taxes fell. A $3.6 billion state budget deficit turned into a $154 million projected surplus. Walker’s measures proved a tonic for the economy, and support for restoring the status quo ante faded — even among Wisconsin Democrats. Long before Election Day, Democratic challenger Tom Barrett had all but dropped the issue of public-sector collective bargaining from his campaign to replace Walker.

The second harbinger was the plunge in public-employee union membership. The most important of Walker’s reforms, the change Big Labor had fought most bitterly, was ending the automatic withholding of union dues. That made union membership a matter of choice, not compulsion — and tens of thousands of government workers chose to toss their union cards. More than one-third of the American Federation of Teachers Wisconsin membership quit, reported The Wall Street Journal. At the American Federation of State, County, and Municipal Employees, one of the state’s largest unions, the hemorrhaging was worse: AFSCME’s Wisconsin rolls shrank by more than 34,000 over the past year, a 55 percent nose-dive.

Did government workers tear up their union cards solely because the union had lost its right to bargain collectively on their behalf? That’s doubtful: Even under the new law, unions still negotiate over salaries. More likely, public-sector employees ditched their unions for the same reasons so many employees in the private sector — which is now less than 7 percent unionized — have done so. Many never wanted to join a union in the first place. Others were repelled by the authoritarian, belligerent, and left-wing political culture that entrenched unionism so often embodies.

Even before the votes in Wisconsin were cast, observed Michael Barone last week, Democrats and public-employee unions “had already lost the battle of ideas over the issue that sparked the recall.” Their tantrums and slanders didn’t just fail to intimidate Walker and Wisconsin lawmakers from reining in public-sector collective bargaining. They also gave the public a good hard look at what government unionism is apt to descend to. The past 16 months amounted to an extended seminar on the danger of combining collective bargaining with government jobs. Voters watched — and learned.

There was a time when pro-labor political leaders like Franklin D. Roosevelt and Fiorello LaGuardia regarded it as obvious that collective bargaining was incompatible with public employment. Even the legendary AFL-CIO leader George Meany once took it for granted that there could be no “right” to bargain collectively with the government.

When unions bargain with management in the private sector, both sides are contending for a share of the private profits that labor helps produce — and both sides are constrained by the pressures of market discipline. Managers can’t ignore the company’s bottom line. Unions know that if they demand too much they may cost the company its competitive edge.

But when labor and management bargain in the public sector, they are divvying up public funds, not private profits. Government bureaucrats don’t have to worry about losing business to their competitors; state agencies can’t relocate to another part of the country. There is little incentive to hold down wages and benefits, since the taxpayers who will be picking up the tab have no seat at the table. On the other hand, government managers have a powerful motivation to yield to government unions: Union members vote, and their votes can be deployed to reward politicians who give them what they want — or punish those who don’t.

In 1959, when Wisconsin became the first state to enact a public-sector collective-bargaining law, it wasn’t widely understood what the distorted incentives of government unionism would lead to. Five decades later, the wreckage is all around us. The privileges that come with government work — hefty automatic pay raises, Cadillac pension plans, iron-clad job security, ultra-deluxe health insurance — have in many cases grown outlandish and staggeringly unaffordable. What Keith Geiger, the former head of the National Education Association, once referred to as “our sledgehammer, the collective bargaining process,” has wreaked havoc on state and municipal budgets nationwide.

Now, at long last, the pendulum has reversed. The 50-year mistake of public-sector unions is being corrected. Walker’s victory is a heartening reminder that in a democracy, even the most entrenched bad ideas can sometimes be unentrenched. On, Wisconsin!

It wasn’t just Wisconsin, which voted for Obama by a fifteen point margin, that is rejecting Obama’s demand to increase government and government unions.  It turns out that San Diego and San Jose similarly utterly and overwhelmingly rejected the morally evil demands of public sector union “workers.”  It’s facts like this that made even these historically liberal cities reject the government union label:

San Jose firefighters were able to retire at the age of 48 with 90 percent of their salaries as pension.  And after seventy percent of the residents of San Jose voted to end that pork, they are suing to use rat bastard judges to force the people to keep bankrupting themselves to pay those benefits.  Given that the people who pay their salaries and benefits get nothing anywhere near that, it is immoral.

California alone has an unfunded pension liability of $500 BILLION.  There is absolutely no way in hell the taxpayers can pay the bill that morally evil labor unions want to force the private sector that is “doing fine” to pay. 

What Barack Obama wants is immoral.

Fire him in November.

As Obama Flies To Chicago For Extravagant Birthday To Schmooze With Rich, Consider This

August 4, 2011

Obama jetted off to Chicago for a birthday fundraiser event to schmooze with people who are willing to pay $38,500 to attend, plus another $10,000 for a photo with their messiah.

Obama has averaged a fundraiser every three days since he announced his re-election campaign.  The event marked Obama’s 37th fundraising event since April 4.  Versus George Bush, who’d done 7 by this point.  But it was Bush who was a money-grubbing whore who sold the political system, of course, according to the leftwing narrative.

Behind the scenes, you can see why Obama must constantly fundraise: media propaganda aside, his numbers are actually pretty abysmal.

Here are some dismal facts about the city Obama is having his lavish celebration in:

The day Obama signed the debt ceiling increase into law (no thanks to him – the man posturing as our “leader” never came up with a single plan of his own) he met with his posse of union thugs and discussed how he could give them other people’s money in exchange for their help giving him other people’s votes.

Consider the effects of that incestuous relationship to date in Obama’s “birthday bash city”:

Illinois Pensions in Worst Shape of Nation: Report
Updated: Tuesday, 26 Apr 2011, 9:04 AM CDT
Published : Tuesday, 26 Apr 2011, 9:04 AM CDT
FOX Chicago News

Chicago – A new report shows Illinois still has a big pension problem on its hands despite the passage of a record income tax increase.
 
The Pew Center on States reported Illinois has only set aside 51 cents for every dollar it has promised to pay out.
 
That is the worst ratio of any state in America.
 
Pension costs in the next budget will total $4.2 billion, almost two thirds of the money the state will take in from the recent tax increase.

That’s hardly all to say about the disaster that Democrats have given Illinois:

How much worse can Illinois’ financial mess become?
19 July 2011
[This article was syndicated via RSS from Illinois Review. The views represented do not necessarily represent those of the Chicago Daily Observer.]
by Nancy Thorner
 
According to the National Conference of State Legislatures, Illinois ended Fiscal Year 2010 in worst financial shape than any other state in the country, with a total state debt of $120,743,392 when compiling outstanding debt, pension and OPEB UAAL’s, unemployment trust funds and the 2010 budget gap as of July 2010.
 
How do Illinois legislators and officials propose to change the direction of this state from its deplorable and unsustainable financial situation to one of gradual financial recovery?
 
The signing by Governor Pat Quinn of the FY2012 budget on June 30, 2011 only augmented Illinois’s tenuous financial condition.

You really should go and plop down fifty large to celebrate Obama’s birthday.  After all, he and his pals have give you the gift of hell.

Obama Says ‘We Don’t Need A Balanced Budget Amendment.’ What We Don’t Need Is This Fool-In-Chief

July 16, 2011

Barack Obama is on the record saying, “We don’t need a balanced budget amendment,” he said. “We simply need to make these tough choices and be willing to take on our bases.”  Obama says, “I think it’s important for everybody to understand all of us believe we need to get to the point where we can balance the budget,” Mr. Obama said at a White House press conference. “We don’t need a constitutional amendment to do that.”

We desperately need a balanced budget amendment.  What we DON’T need is Barack Hussein Obama and his endless rhetorical posturing.

The national debt that is acknowledged is currently more than $14.5 trillion.

Let’s take a brief trip down national debt memory lane.  Now, let’s see.  When Ronald Reagan left office, the national debt was $2.6 trillion.  By the time Bush I left office, the national debt was $ trillion.  By the time Bill Clinton left office, the national debt was $5.6 trillion (which is quite strange, given the constant claim that Clinton balanced the budget).  By the time Bush II left office, the national debt was $10.6 trillion.  It is currently at over $14.5 trillion, and Obama is not even through his first term yet.  He wants it increased to more than $16 trillion now.  Again, before the end of his first term.

And, of course that’s actually NOTHING.  $14.5 trillion, or even $16 trillion, is actually really chump change to how much the United States REALLY owes.  Read this figure published in a peer reviewed International Monetary Fund publication article that provides the grim reality:

News from globeandmail.com
The scary real U.S. government debt
Wednesday, October 27, 2010
NEIL REYNOLDS
Ottawa — reynolds.globe@gmail.com

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

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

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

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

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

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

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

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

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

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

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

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

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

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

And what’s Obama’s response to all of this?

 

We are so screwed it is absolutely unreal.

And that’s just what the UNITED STATES government owes.  Let’s consider the leftist People’s Republic of Californication and see what IT’S actual debt is:

California’s $500-billion pension time bomb
April 06, 2010|By David Crane

The staggering amount of unfunded debt stands to crowd out funding for many popular programs. Reform will take something sadly lacking in the Legislature: political courage.

The state of California’s real unfunded pension debt clocks in at more than $500 billion, nearly eight times greater than officially reported.

That’s the finding from a study released Monday by Stanford University’s public policy program, confirming a recent report with similar, stunning findings from Northwestern University and the University of Chicago.

Most other states are facing catastrophic implosion due to government union workers massive unfunded pension liabilities.  Take Obama’s own state of Illinois, for instance.

Yeah, you’re right, Mr. Fool-in-Chief.  We don’t need a balanced budget amendment.  Let’s go with your plan instead.  Let’s dig our own graves, slit our own throats, and then fall into a hole never again to crawl out.  Let’s sacrifice our children’s children’s children’s children and put the weight of a debt they will never be able to possibly repay as we continue to selfishly and wickedly vote ourselves benefits at their expense.  Let’s guarantee that the United States becomes a banana republic in the next fifteen years.

We’re going to collapse soon.  When it happens, it will seem to come out of the blue, but we will have been working steadily toward our own doom for generations.

Obama’s Keynesian approach has utterly and completely failed.  And only fools refuse to see that by now.

The beast is coming.  And Barack Obama, the Democrat Party and every single fool who votes for these fools, will be his useful idiots.

Hey, ‘Republicans Drove Us Into A Ditch’ Liberals, Put THIS Into Your Pipe and Smoke It: Conservative Economic Principles RULE In Texas

July 5, 2011

This isn’t a piece by conservative Jonah Goldberg saying what all conservatives already know.  This is a piece by a self-identified liberal writing in the Los Angeles Times acknowledging a FACT that is frankly the death knell of liberal economic policy.

43% of ALL jobs created in the United States since June of 2009 have come from a conservative state that represents 8% of the national economy.  And Barack Obama has taken credit for every single one of them even as he demonizes the policies that actually produced all of those jobs.

Now, notice how this liberal tries to give credit to the most successful job-engine in America, and then steal that credit away from the conservatives and the conservative policies that brought that job-engine about.

Texas, the jobs engine
Conservatives hail it and liberals dispute the story, but one thing is certain about the Lone Star State’s employment success: The number is real.

By Rick Wartzman
July 3, 2011

For the last few weeks, I’ve been unable to get a startling statistic out of my head: Since the recession officially ended, Texas has created more than 4 of every 10 new jobs in America.

That’s right, Texas: the reddest of red states, home to gun lovers and school textbooks that openly question whether the Founding Fathers intended for the separation of church and state. I am no ideologue. Still, whenever I get political, I tend to tilt reflexively to the left, making the jobs figure a bit disconcerting at first.

But there’s no escaping it. The number is real. Which means that if you care about putting people back to work at a time when nearly 14 million in this country are unemployed, maybe Texas has something to teach us.

Unfortunately, that’s not the posture many commentators have taken. Instead, when the data from Texas emerged — touted first by Richard Fisher, president of the Federal Reserve Bank of Dallas — conservatives were quick to celebrate, embracing the jobs tally as powerful evidence of the superiority of Republican ideas as well as proof that Texas Gov. Rick Perry would make a good president. But that’s overly simplistic [me: yeah, that’s right.  Let’s keep re-analyzing this until we somehow we make it a victory for Obama liberalism in spite of the fact that Republicans have been running this state at every single political level].

Meanwhile, those on the liberal end of the spectrum immediately set out to shoot the numbers down. MSNBC’s Rachel Maddow, for instance, held up a giant bologna and mocked the notion of a “Texas miracle.” That view, however, is too cavalier.  [Me: yeah, you’ve got a better way to steal credit from conservatives, don’t you, Wartzman?].

So what’s actually happening?

First, the basics. According to the Dallas Fed, Texas generated 43% of the net new jobs in the U.S. from June 2009 through May 2011 — an enormous share when you consider that the Lone Star State accounts for about 8% of the nation’s economy. (Critics, including Maddow, have been quick to note that the unemployment rate in Texas, at 8%, falls in the middle of the pack among the states. Yet total employment is a much more telling and reliable statistic than is the jobless rate.)

Aspects of the Texas economy are unusual, if not unique, and it will be difficult or impossible for other states to replicate them. For example, the energy industry is booming right now, as are agricultural commodities destined for export — a boon for a huge cotton and beef producer like Texas. [Me: Let’s simply ignore the fact that MANY states have abundant oil resources, but THOSE states are refusing to drill for them because they have a particularly nasty species of vermin called “liberals” running them.  Meanwhile, Democrats in California have gutted what had been the most productive agricultural region in the entire world by shutting off their water and protecting a stupid little fish.  It’s as if the other states are cutting their own throats and then pointing out that Texas is only doing so well because it hasn’t cut it’s own throat too].

What’s more, thorny tradeoffs surely exist. Texas is attracting businesses, in part, because it has low taxes. But that, in turn, makes for a smaller safety net, which is one reason Texas has a high incidence of poverty and, compared with every other state, the biggest proportion of its population without health insurance. There are also serious questions about the quality of jobs in Texas. A “right to work” state, it is tied with Mississippi for having the biggest percentage of workers paid at or below the minimum wage.  [Me: I’d rather have a job and make my own way than live off of a welfare state paid by other people’s money until the safety net collapsed.  But that’s just me.  This amounts to another way of saying, ‘Yes, Texas is creating all the jobs; but we want socialism in America, not jobs.  Aside from that, the data shows that Texas shares higher poverty rates with every single other state in the southern region (which shows that poverty is a problem with the entire region rather than a problem with Texas).  But hey, we have to bash Texas for being successful, right?  You need to understand something: Democrats don’t give a DAMN about creating jobs; they only care about leftwing UNION jobs, as what’s going on in South Carolina over a Boeing plant amply demonstrates].

But even with these significant caveats, Texas has long been the most robust jobs engine in the country, and its policies and practices deserve deeper reflection. Some say, for example, that an increase in education funding 25 years ago lifted the quality of the workforce. “That set the table for job expansion,” Fort Worth Star-Telegram columnist Mitchell Schnurman has asserted. (Budget pressures in Texas are now forcing education spending to go in the other direction.).  [Me: you heard right; let’s give all the credit to what Democrats did 25 years ago so we don’t have to give any credit at all to what Republicans have done ever since.  Because liberals must always get the credit no matter how far back you have to go to do it; and conversely, conservatives must always get the blame no matter how far back you have to go to do it].

Also deserving of further exploration are the strict lending guidelines that Texas banks instituted after the S&L crisis of the 1980s. Those standards spurred institutions to keep larger capital reserves and take on fewer problem mortgages than were seen elsewhere in the country. As a result, the state emerged relatively unscathed from the most recent real estate meltdown.  [Me: this is an quick reference to the Democrat-imposed Fannue and Freddie subprime lending policies that were supposed to make home ownership a right for minorities who couldn’t repay their loans.  George Bush tried to reform these policies 17 times, but Democrats – who ran both the House and the Senate when our economy crashed – would have none of these common-sense Republican reforms.  Fortunately conservative Texas passed their own laws to protect them from the Community Reinvestment Act and all the other Democrat horrors].

At the same time — and this, of course, is the tough part for those on the left to swallow — it is clear that the state’s limits on taxes, regulations and lawsuits are contributing to the job machine. “The most important thing I think that’s happened to us is tort reform,” Fisher, the Dallas Fed president, has said. He added that when John Deere and other companies have decided to hire in Texas, they’ve been largely driven by steps the state has taken to cap non-economic damages in medical malpractice suits and to make it harder to bring product liability and class-action cases.

For those whose knee-jerk instinct is to dump on such logic, they would do well here to consider the source. Fisher served in President Carter’s Treasury Department and as a high-ranking trade official for President Clinton, and was a two-time Democratic candidate for the U.S. Senate. Although the former investment banker is certainly not an ardent leftie, he is no right-wing zealot either.

To be sure, Texas is not without lots of problems. And its remarkable employment growth is not without attendant concerns. But for those on the left to dismiss the state’s jobs story out of hand, just because Republicans have embraced it as a showpiece, is counterproductive and foolish.

Counterproductiveness and foolishness are two of the three hallmarks that define the left.  Hypocrisy is the third.

A lot of Californians are whining about the fact that many “Texas jobs” came at California’s expense.  And the whiny liberals are right; many of those employers DID escape from the liberal hellhole known as the People’s Soviet State of California.  But here’s the question: do you want America to be more like California – which among other things features a $500 billion black hole of economic death known as unfunded liabilities from state union pensions – or do you want a job?  Do you want a demagogic excuse for why all the jobs are going elsewhere, or do you want a job?  Do you want to sit on your fat pimply sweaty ass living on welfare until the system crashes and you starve to death, or do you want a system that actually produces something?

If you want the former vote for Obama, vote for Democrats, and then go to hell when you die.  If you want the latter, for God’s sakes, please vote for the Republicans who  are actually creating jobs in America.

Democrats look back at 2008 and blame “failed Republican policies.”  Basically, all they have to point at is the fact that George Bush was president when it happened.  They ignore the fact that Democrats had total control of the House and near total control of the Senate for nearly two years prior to the disaster happening.  They claim that Republicans refusing to regulate was what created the mess.  They ignore the fact that Democrats REPEATEDLY refused ANY regulation whatsover of Fannie and Freddie which had overwhelming control of the housing market that actually caused the meltdown.  Look at the actual facts:

https://startthinkingright.wordpress.com/2010/01/23/aei-article-how-fannie-and-freddie-blew-up-the-economy/

https://startthinkingright.wordpress.com/2010/08/10/barney-frank-and-democrat-party-most-responsible-for-2008-economic-collapse/

https://startthinkingright.wordpress.com/2010/05/11/barney-frank-video-proves-democrats-at-core-of-2008-economic-collapse/

http://hennessysview.com/business/franklin-raines-criminal-enterprise-and-barack-obama-his-accomplice/

http://politicsorpoppycock.com/2008/09/28/franks-fingerprints-are-all-over-the-financial-fiasco/

The last link above refers to a Boston Herald story which has since been scrubbed.  It’s amazing how articles that taint Democrats have a way of “vanishing.”  It’s one of the reasons I blog.  I want to preserve the record of what actually happened to this country.

All this to say that Democrats had a false demagogic narrative based on lies.

But the American people bought those lies in 2008.  And Democrats had dictatorial control of the White House, the House of Representatives and a filibuster-proof Senate for nearly two full years.  And they took their same failed policies which led to the economic collapse of 2008 and expanded them.  And they promised Americans that their godawful stimulus would work.  It not only failed; it completely failed even by the Obama White House’s own constantly-shifting standards.  And it cost us $3.27 TRILLION we didn’t have.

Now, amazingly, the fact that the president happens to be a Democrat – and the fact that that Democrat took bad news and made it far worse – no longer matters.  Now Democrats want to say that it’s the Republicans – who only control the House of Representatives – are blocking economic progress.  Even though it DIDN’T matter that Nancy Pelosi was running the House of Representatives into the ground in 2007 and 2008.  To go along with Harry Reid doing the same thing during the same time period in the US Senate.

Democrats don’t run on facts; they run on demagoguery.  Remember that the man who led Texas into the job-creating machine that it is not only has nothing to do with George Bush, he actually didn’t like Bush as a big spending and compromising “compassionate conservative.”  Because Democrats and their mainstream media propagandists are already starting to tell the demagogic lie that Rick Perry is somehow identical to George Bush simply because the two men were governors of the same state.

While Unions Have Manufactured Hissy Fit In Wisconsin, Scott Walker Doing EXACTLY What He Promised Voters

February 21, 2011

One thing needs to be stated from the outset: Democrats lie; they are deceitful, duplicitous people who love their propaganda and their demagoguing.

The Obama-manufactured liberal public union hissy fit going on in Wisconsin is no exception.

Two quick cases in point: teachers and union workers by the thousands are getting “sick notes” from liberal doctors.  The liberal doctors are violating their medical ethics and should have their licenses to practice medicine revoked.  These doctors are claiming in writing that they have examined these patients and found them to be ill when in fact they not only did they not.  One doctor was on video saying, “You’re sick; you’re sick of Governor Walker.”  Which is ideology, not medicine, for the record.  When doctors swear to put medicine above any other consideration such as politics.  Frankly, when the death panels come thanks to ObamaCare, it’s going to be doctors just like this putting politics ahead of their oaths.  And the teachers who are getting notes they know to be false are participating in criminal fraud.  They are abusing a crucial system – just like they have abused the collective bargaining system they’re screaming about – to take advantage of the people and literally win by cheating.  Why should any employer ever believe a doctor’s note in the future???

Second is the oft-repeated liberal lie that Scott Walker called in the National Guard to break union heads as if he’s trying to create a police state because the truth doesn’t matter to them.  Then there’s the actual facts that liberals and unions could care less about:

Gov. Scott Walker has been in communication with the Wisconsin National Guard to help run the state’s prisons should correction officers stay home in protest over proposed changes to collective bargaining rules for public employees.

But since the governor announced the news last week, his political opponents — and some media outlets — have raised the alarm over the prospect that the Guard would be used to keep protestors in line.

“No Wisconsin Governor has deployed the military against public employees as far back as the 1930s, showing just how radical the steps are that Gov. Walker is taking to consolidate his power,” said Scot Ross, executive director of the liberal group One Wisconsin Now.

On Monday, Walker spokesman Cullen Werwie reiterated that the governor has asked the guard to be prepared only to help out with running the prison system. 

There is precedent for such a move. In 2003, after hundreds of prison guards called in sick to protest stalled contracts, then-Employment Relations Secretary Karen Timberlake said Democratic Gov. Jim Doyle might have to activate the Guard to staff the prisons. The measure was ultimately not taken.

You do understand that liberals are literally complaining that the Republican governor is trying to protect the people from the murderers and the rapists that unions left unguarded, don’t you?

But for all of the rabid dishonesty that characterizes the left and the unions who fund the left, Governor Scott Brown is doing exactly what he claimed he was going to do.  For example, did he say he was going to limit collective bargaining for public employees?  Scott Brown can point to their own words to affirm that he did:

“As proof that unions knew they would be targeted, Walker points to a flier circulated during last fall’s campaign by union AFT-Wisconsin that warned that Walker wanted to curb the unions’ power to negotiate.”

Now, Mr. Liberal, you’re welcome to tell me, “The unions were lying.  Governor Walker didn’t promise that.”  And I’ll just nod my head and smile and point to my opening remark you just proved for me about liberals being pathologically dishonest people.

Scott Walker ran and was elected by the people as a fiscal conservative Republican, and he is governing as a fiscally conservative Republican.  He is doing exactly what he promised he would do.

In 2010, in angry reaction to the despicable and immoral governing of Democrats at all levels, Republicans won the largest landslide victory of any party in any election since 1928.  Wisconsin threw out Democrats and embraced Republicans and Republican policies.

There is a group of people who don’t care about that.  Given the deceit and fraud and abuse of democratic institutions (such as the 14 Democrats who literally fled the state rather than show up and simply VOTE), there are people who don’t care about the will of the people or about democracy.  You tell me, which sounds more “democratic” to you: trying to hold a vote by the representatives of the people, or trying to prevent the representatives of the people from being able to hold a vote by refusing to participate in a vote which your duties as a representative of the people require you to participate in???  And yet Democrats are literally saying that undermining the clear will of the people and undermining the democratic process of voting is their idea of “democracy.”  It is disgusting and despicable, and Democrats are disgusting and despicable for tolerating this un-American behavior.

 Liberal public sector union workers want their taxpayer-funded feeding troughs and they want their taxpayer-funded benefits that are far in excess of any private sector counterparts.  Even though its the private sector that pays the taxes to fund the public sector.

Public sector unions get TWICE the wages and benefits of any private sector counterpart – you know, the folks whose taxes pay for all the useless public union bureaucrats in the first place.  And then those public sector unions turn around and feed the Democrat Party machine to keep the “spend America into bankruptcy” system going.  The crisis that is going to bankrupt America is the massive unfunded union pensions that are now bankrupting one city after another, one county after another, one state after another.

Unless the people are smart enough and care enough about their children to stop them.

Liberals Seeking To Bring Chaos Of Islamic World To America

February 21, 2011

Liberals brought chaos to the Middle East.

Oh, yes they did.  Liberal Marxist terrorist professors like William Ayers and Bernadine Dohrn and liberal Marxist terrorist organizations like Code Pink did everything they could to light matches to the Middle East powder keg by creating violent incidents such as the Free Gaza Movement flotilla.  You’ve had George Soros acting as a puppetmaster of pro-leftist destabilization for years.

Heck, as the entire Middle East now goes up in flames, with the uprising in Egypt being bracketed by Tunisia and now by bloody Yemen and even bloodier Libya, remember that Democrats “credited” Barack Obama with being behind the spark behind it all (see also here).  And Obama seems to want that credit himself.  Because it might end up becoming the spark that blew up the world.

It’s probably about time to finally understand that Obama has his roots as a leftwing community agitator.  And that while you can talk the man out of community agitation, you can never take the community agitator out of the man.

Obama is trying to do unto Wisconsin (and from there on to Ohio) what he apparently did in the Middle East.  Because vile leaders have always known that blood and unrest tends to benefit the vile:

The Democratic National Committee’s Organizing for America arm — the remnant of the 2008 Obama campaign— is playing an active role in organizing protests against Wisconsin Governor Scott Walker’s attempt to strip most public employees of collective bargaining rights.

OfA, as the campaign group is known […has been] riding to the aide of the public sector unions… OfA’s engagement with the fight — and Obama’s own clear stance against Walker — mean that he’s remaining loyal to key Democratic Party allies…

OfA Wisconsin’s field efforts include filling buses and building turnout for the rallies this week in Madison, organizing 15 rapid response phone banks urging supporters to call their state legislators, and working on planning and producing rallies, a Democratic Party official in Washington said.

And with all of that evidence that liberals are burning up the powder keg in the Middle East and are trying to do the same thing in America, let me introduce the article that prompted me to write what I wrote above:

Documents show Wisconsin unrest orchestrated and spreading
February 19th, 2011 3:12 pm ET.

While part of the current unrest in Wisconsin is driven by local issues, new information has been uncovered indicating an orchestrated attempt to stir up ‘worker protests’ not only in Wisconsin but in at least a dozen states.  The coordinated effort is part of a ‘revolution’ spearheaded in part by a group called ‘Heartland Revolution,’ a Kentucky-based political action organization. The group was first envisioned by a Kentucky Democrat, John Waltz, who announced his candidacy in 2009 to oppose 2-term Republican Geoff Davis for the 4th Congressional District. Waltz was defeated in the November 2010 midterm elections but embarked on an effort to create ‘revolution’ throughout America, stemming from his anger toward what he terms ‘the hijacking of political discourse by right-wing propagandists.’ His group is invovled in the continuing Wisconsin protests of teachers unions upset over Governor Scott Walker’s plan to have them pay for part of their healthcare and pension benefits, to which they currently contribute very little of the total costs. 

Waltz frames his revolution in terms of a ‘political war,’ which he claims is being waged against the middle class by Republicans and corporate interests. His aim is to ‘shut down right-wing political cash machines’ using whatever means possible.

For example, in Wisconsin members of his organization were instructed to boycott a Subway Sandwhich Shop in downtown Madison during the protests.  The reason?  The owner of the deli is a large contributor to Governor Scott Walker.

The following Twitter alert from the Walsh organization was sent to Heartland protesters in Madison this morning:

02.19.11ALERT: If you are @ the protests in WI boycott the Subway in the square. The owners are the 2nd largest contributors to Gov. Walker

Waltz makes no attempt to hide the fact that he is a ‘progressive.’  The term is indicative of a mindset that wishes not only to hide the true intent of those who proudly own the description but promote an agenda that is based on a collectivist view of government and society where decisions concerning the personal lives of citizens can best be made by those in a centralized government complex.  The goal is to increase the scope of government so that workers, unions, and others can benefit from a confiscatory tax structure aimed at draining ‘the rich’ to pad the pockets of others.  

But perhaps the most troubling aspect of ‘Heartland Revolution’ is its coordinated efforts to create unrest across America, beginning in Wisconsin, but extending to Ohio, Indiana, Michigan, Minnesota, Missouri, Florida, Tennessee, Pennsylvania, New York, Maine, New Hampshire, and New Jersey.

The map displayed here on the group’s blog page will reveal their upcoming plans and targeted areas, along with their Twitter messages to members.

Curiously, the group refers to its protesters as ‘boots on the ground,’ and war terminology abounds.  A cursory scan of Heartland Revolution’s website will reveal that members view their efforts as a war, a revolution, with boots on the ground that are determined to intimidate conservatives, overthrow politicans who represent the voices of taxpayers, and target the businesses of those who support them.

Far from being for the ‘working poor,’ as the group claims, Waltz and his minions are dedicated to preverving and expanding union power and protecting the high salaries and benefit structures enjoyed by many who work for various government entities.  For example, in Wisconsin  the average city school teacher earns over $100,000 per year including pay and benefits, and pays next to nothing toward their retirement or healthcare. The benefits are paid overwhelmingly by taxpayers. Waltz and his group, however, believe that asking these teachers to contribute more to their plans like most Americans do is tantamount to ‘waging war against workers.’

It will be interesting to see in the coming weeks if the average American agrees with him.

If America doesn’t want to burn, it had better vote out all these Democrats and make sure they don’t have enough fire to light anything.