Posts Tagged ‘Zuckerman’

Middle Class Wages Are Going DOWN Under Obama, Gas Prices Are Going UP And The Real Jobless Rate Is More Like 19 Percent

October 3, 2012

Hey, don’t forget to get out there and vote for Obama so you can have more of this:

September 7, 2012, 7:38 p.m. ET.
Those Jobless Numbers Are Even Worse Than They Look
Still above 8%—and closer to 19% in a truer accounting. Here’s a plan for improvement.
By MORTIMER ZUCKERMAN

Don’t be fooled by the headline unemployment number of 8.1% announced on Friday. The reason the number dropped to 8.1% from 8.3% in July was not because more jobs were created, but because more people quit looking for work.

The number for August reflects only people who have actively applied for a job in the past four weeks, either by interview or by filling an application form. But when the average period of unemployment is nearly 40 weeks, it is unrealistic to expect everyone who needs a job to keep seeking work consistently for months on end. You don’t have to be lazy to recoil from the heartbreaking futility of knocking, week after week, on closed doors.

How many people are out of work but not counted as unemployed because they hadn’t sought work in the past four weeks? Eight million. This is the sort of distressing number that turns up when you look beyond the headline number.

Here’s another one: 96,000—that’s how many new jobs were added last month, well short of the anemic 125,000 predicted by analysts, and dramatically less than the (still paltry) 139,000 the economy had been averaging in 2012.

The alarming numbers proliferate the deeper you look: 40.7% of the people counted as unemployed have been out of work for 27 weeks or more—that’s 5.2 million “long-term” unemployed. Fewer Americans are at work today than in April 2000, even though the population since then has grown by 31 million.

We are still almost five million payrolls shy of where we were at the end of 2007, when the recession began. Think about that when you hear the Obama administration’s talk of an economic recovery.

The key indicator of our employment health, in all the statistics, is what the government calls U-6. This is the number who have applied for work in the past six months and includes people who are involuntary part-time workers—government-speak for those individuals whose jobs have been cut back to two or three days a week.

They are working part-time only because they’ve been unable to find full-time work. This involuntary army of what’s called “underutilized labor” has been hovering for months at about 15% of the workforce. Include the eight million who have simply given up looking, and the real unemployment rate is closer to 19%.

In short, the president’s ill-designed stimulus program was a failure. For all our other national concerns, and the red herrings that typically swim in electoral waters, American voters refuse to be distracted from the No. 1 issue: the economy. And even many of those who have jobs are hurting, because annual wage increases have dropped to an average of 1.6%, the lowest in the past 30 years. Adjusting for inflation, wages are contracting.

The best single indicator of how confident workers are about their jobs is reflected in how they cling to them. The so-called quit rate has sagged to the lowest in years.

Older Americans can’t afford to quit. Ironically, since the recession began, employment in the age group of 55 and older is up 3.9 million, even as total employment is down by five million. These citizens hope to retire with dignity, but they feel the need to bolster savings as a salve for the stomach-churning decline in their net worth, 75% of which has come from the fall in the value of their home equity.

The baby-boomer population postponing its exit from the workforce in a recession creates a huge bottleneck that blocks youth employment. Displaced young workers now face double-digit unemployment and more life at home with their parents.

Many young couples decide that they can’t afford to start a family, and as a consequence the birthrate has just hit a 25-year low of 1.87%. Nor are young workers’ prospects very good. Layoff announcements have risen from year-ago levels and hiring plans have dropped sharply. People are not going to swallow talk of recovery until hiring is occurring at a pace to bring at least 300,000 more hires per month than the economy has been averaging for the past two years.

Furthermore, the jobs that are available are mostly not good ones. More than 40% of the new private-sector jobs are in low-paying categories such as health care, leisure activities, bars and restaurants.

We are experiencing, in effect, a modern-day depression. Consider two indicators: First, food stamps: More than 45 million Americans are in the program! An almost incredible record. It’s 15% of the population compared with the 7.9% participation from 1970-2000. Food-stamp enrollment has been rising at a rate of 400,000 per month over the past four years.

Second, Social Security disability—another record. More than 11 million Americans are collecting federal disability checks. Half of these beneficiaries have signed on since President Obama took office more than three years ago.

These dependent millions are the invisible counterparts of the soup kitchens and bread lines of the 1930s, invisible because they get their checks in the mail. But it doesn’t take away from the fact that millions of people who had good private-sector jobs now have to rely on welfare for life support.

This shameful situation, intolerable for a nation as wealthy as the United States, is not going to go away on Nov. 7. No matter who wins, the next president will betray the country if he doesn’t swiftly fashion policies to address the specific needs of the unemployed, especially the long-term unemployed.

Five actions are critical:

1. Find the money to spur an expansion of public and private training programs with proven track records.

2. Increase access to financing for small businesses and thus expand entrepreneurial opportunities.

3. Lower government hurdles to the formation of new businesses.

4. Explore special subsidies for private employers who hire the long-term unemployed.

5. Get serious about the long decay in public works and infrastructure, which poses a dramatic national threat. Infrastructure projects should be tolled so that the users ultimately pay for them.

It’s zero hour. Policy makers need to understand that the most important family program, the most important social program and the most important economic program in America all go by the same name: jobs.

Mr. Zuckerman is chairman and editor in chief of U.S. News & World Report.

A version of this article appeared September 8, 2012, on page A15 in the U.S. edition of The Wall Street Journal, with the headline: Those Jobless Numbers Are Even Worse Than They Look.

We’re a slight breeze away from the entire house of cards collapsing America into a depression that will make the one that started in 1929 look like a walk on a sunny beach.

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Democrat Senator Bayh Puts Kibosh On Two Giant Liberal Lies

February 17, 2010

Senator Evan Bayh apparently finally had a bellyfull of the Democrats steering the ship of state full speed ahead straight into a giant iceberg.

Bayh described a scenario of brain-dead politics and hyper-partisanship.

I remembered what the New York Times describes as the promise at the core of Senator Obama’s presidential campaign:

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

To achieve the change the country wants, he says, “we need a leader who can finally move beyond the divisive politics of Washington and bring Democrats, independents and Republicans together to get things done.”

But this promise leads, inevitably, to a question: Can such a majority be built and led by Mr. Obama, whose voting record was, by one ranking, the most liberal in the Senate last year?

And I remembered pointing out that Obama’s promise to transcend ideology and partisanship was his signature lie.

And I remembered that Obama is now recognized to be the most polarizing president in history.

The most liberal Senator in Congress had this message for Republicans who tried to share their objections to his massive stimulus program: “I won.”

And what followed from that point was a far leftwing agenda being shoved down Republicans’ throats without any attempt to win their votes via compromise.  The reasoning was that Democrats had total control of the House to go along with a filibuster-proof majority in the Senate.   Republicans were shut out of crucial negotiations.  And they were shut out as a general rule.  They did not get to have anything to do with writing the bills that they were told they had to vote for in order to be “bipartisan.”  They didn’t even get to READ bills with enormous ramifications before the votes.

The Democrats constantly did their business behind closed doors.

Even their meetings on “transparency” were done behind closed doors.

It wasn’t just Republicans.  The liberal Democrats were so partisan and so secretive that even the moderate blue dog Democrats found themselves shut out of ObamaCare negotiations.

The constant secrecy and continual backroom wheeling and dealing surrounding ObamaCare got so bad that senior Democrat Senator Dick Durbin was forced to make this admission to John McCain’s complaint that Republicans were kept completely in the dark:

“I would say to the senator from Arizona that I’m in the dark almost as much as he is. And I’m in the leadership,” Durbin said on the Senate floor.

Obama would flood the airwaves with message after message about transparency and about reaching out to Republicans with a bipartisan spirit of cooperation.  But what he says has a bad habit of not jiving with what he does.

Recently, another top Democrat Senator, Jay Rockefeller, pointed out regarding Obama’s promises that he’s beginning to not be believable to me.”

Barack Obama and many Democrats have falsely demagogued the Republicans as “the party of no.” But that demonization is now exposed for the lie it always was:

And for the first time, Obama acknowledged that House Republicans had crafted measures to stimulate the economy, reduce the budget deficit and reduce health insurance costs.

At a number of times during the rare, televised, question and answer session with members, the president said that he had read many of their proposals.

“I’ve actually read your bills,” the president said to a packed banquet room at Baltimore’s Marriott Renaissance hotel.

The Republicans had been submitting bills to Obama all along.  Which means that every single time he characterized them as “the party of no” who weren’t contributing their own ideas to the debate, he was knowingly cravenly and despicably lying.

The only thing that is “bipartisan” now is that Democrat and Republican alike have no reason to trust Obama.

Obama promised again and again that he would transcend the political divide.  That was HIS promise, not the Republican minorities’ promise.  It was Obama who broke his word.  And it is Obama who should be held accountable to his broken promise.

Now disgusted former Obama supporter Mortimer Zuckerman put it this way:

“In the campaign, he said he would change politics as usual. He did change them. It’s now worse than it was. I’ve now seen the kind of buying off of politicians that I’ve never seen before. It’s politically corrupt and it’s starting at the top. It’s revolting.”

All that garbage wasn’t the Republicans’ fault.  It was Obama’s and the Democrat leaderships’ fault.

So that’s one giant liberal lie put to bed.  Barack Obama and the Democrats in Congress couldn’t have been more hyperpartisan or more ideological.

The Republicans were right to oppose their agenda.  And the polls of American voters that have radically swung in their favor prove it.

The second giant liberal lie that Evan Bayh put the kibosh on is the myth that the stimulus has somehow been a giant success in spite of the fact that it was a giant failure even by the Obama administration’s own standard.  Obama’s key economic advisers assured us that the stimulus would prevent unemployment from reaching 8%.

Even the leftist Huffington Post had this to say back in June of last year:

“The forecasts used to drum up support for the plan projected today’s unemployment would be about 8 percent. Instead, it sits at 9.4 percent, the highest in more than 25 years.”

Unemployment has soared past that 8% figure – and according to Obama’s own projections joblessness will be well over 8% until at least 2012.

Obama and his minions have repeatedly made spectacular claims about the “success” of the stimulus that fly in the face of reality.  According to Obama’s own Recovery.gov website, by the White House’s own numbers, Obama only claim 595,263 jobs that were at a cost of $272 billion.  That comes out to an astronomical $456,941 per job.

And at that rate, we can’t AFFORD for Obama to “create” any more jobs.

Democrat Senator Evan Bayh, a former governor who presumably knows something about job creation, absolutely destroyed the myth of any kind of stimulus success.

[Youtube link]

Quote:

“[I]f I could create one job in the private sector by helping to grow a business, that would be one more than Congress has created in the last six months.”

Obama and his supporters are falsely claiming over and over again that the stimulus created 2 million jobs.  And a prominent Democrat is essentially saying, “Show me just ONE.”

The number of lies that have been told about the Obama stimulus have been utterly breathtaking.

And the American people who’ve clearly heard at least one too many lies from Obama agree with Evan Bayh.

According to a New York Times/CBS poll, a whopping 94% of the American people agree with Bayh. Only 6% of Americans believe Obama’s massive porkulus has created jobs a full year after going into effect.

Only SIX PERCENT of Americans believe that Obama’s porkulus has created any jobs at all.  That means more Americans believe that space aliens have anally probed them than believe in the stimulus.  It also means that 94% think Obama and his entire administration and the entire Democrat congressional leadership are completely full of crap.

And 48% of Americans polled don’t think porkulus will EVER create jobs.

All that nothingness for the low, low price tag of only $862 billion.

As we head into the future, we find that the Democrats are still playing games rather than dealing fairly and squarely with legislation.

Democrats are still demagoguing, misrepresenting, and lying.

And until they quit – or until they are voted out – Republicans would be wise to avoid them and refuse to play around with them.


Obama’s Stunning Arrogance: ‘Well, the big difference here and in ’94 was you’ve got me.’

January 27, 2010

Barack Obama reminds me of the toy poodle we had when I was a child.  It kept attacking our stronger dog.  No matter how many times it had its butt kicked, it still believed itself to be innately superior.

If Barry Hussein was about one-thousandth as capable as he thought he was, we’d be out of the recession now instead of a lot deeper into it (as measured by the unemployment rate – which is currently 20% higher than Obama said it would be if we passed his porkulus plan).

Alas, he’s like our poodle: arrogant and psychologically unable to practice common sense.  And he isn’t 1/1000th as capable as he thinks he is.

“The Big Difference” Between 2010 and 1994 “Is Me,” President Obama Says, Per Congressman
January 25, 2010 2:48 PM
Jake Tapper and Yunji de Nies report:

Rep. Marion Berry, D-Ark., fears that these midterm elections are going to go the way of the 1994 midterms, when Democrats lost control of the House after a failed health care reform effort.

But, Berry told the Arkansas Democrat Gazette, the White House does not share his concerns.

“They just don’t seem to give it any credibility at all,” Berry said. “They just kept telling us how good it was going to be. The president himself, when that was brought up in one group, said, ‘Well, the big difference here and in ’94 was you’ve got me.’ We’re going to see how much difference that makes now.”

Asked today by ABC News’ Yunji de Nies if the president said that, White House press secretary Robert Gibbs pleaded ignorance.

“I have not talked to the president about that,” Gibbs said, employing one of his favorite dodges.

Gibbs seemed to suggest that he shared that view, whether or not President Obama said it.

“I hope it’s not newsworthy to think that the president hopes and expects to be an effective campaigner in the midterm elections,” Gibbs said.

Berry told the newspaper that he “began to preach last January that we had already seen this movie and we didn’t want to see it again because we know how it comes out…I just began to have flashbacks to 1993 and ’94. No one that was here in ’94, or at the day after the election felt like. It certainly wasn’t a good feeling.”

I wonder how many Secret Service agents it takes to pry Obama away from his mirror every morning.

From Missourah.

But more and more liberals are finally starting to recognize something that “dumb as a box of rocks” Sarah Palin figured out a year and a half ago: that you are a failure and a disgrace, just like conservatives predicted you would be.

Here’s a smattering of very recently-authored “Hey, you suck!” articles from liberals:

He’s Done Everything Wrong” – by Mortimer Zuckerman

He’s improved America’s image in the world. He absolutely did. But you have to translate that into something. Let me tell you what a major leader said to me recently. “We are convinced,” he said, “that he is not strong enough to confront his enemy. We are concerned,” he said “that he is not strong to support his friends.”

The political leadership of the world is very, very dismayed. He better turn it around. The Democrats are going to get killed in this election. Jesus, looks what’s happening in Massachusetts.

It’s really interesting because he had brilliant, brilliant political instincts during the campaign. I don’t know what has happened to them. His appointments present somebody who has a lot to learn about how government works. He better get some very talented businesspeople who know how to implement things. It’s unbelievable. Everybody says so. You can’t believe how dismayed people are. That’s why he’s plunging in the polls.

Why I Regret Voting For President Obama” – by Jill Dorson

All that changed when the Obama campaign became the Obama administration. I was a small business owner during 2008 election and my business ultimately failed under the weight of a horrendous economy. I am not ashamed. I worked hard. But I believed that Obama would try to level the playing field between big business and small, between thieves and honest business people, between greed and moderation. Instead, he bailed out the most wicked and left the rest of us fail.

I watched with horror as Obama followed Bush’s lead in bailing out banks, auto makers, insurance companies, all of those companies deemed “too big to fail.” What does that mean? My small company got thrown under the bus and my savings were ravaged – perhaps Wall Street is using them for bonuses this year.

Not to mention President Obama is recklessly spending our country’s future into oblivion.

It was clear after just 90 days what a mistake I’d made. My taxes have gone up and my quality of life has gone down. Hope has given way to disgust and I see now that change is simply a euphemism for “big government.”

How to Squander the Presidency in One Year” – by David Michael Green

Barack Obama has now, in just a year’s time, become the single most inept president perhaps in all of American history, and certainly in my lifetime.  Never has so much political advantage been pissed away so rapidly, and what’s more in the context of so much national urgency and crisis.  It’s astonishing, really, to contemplate how much has been lost in a single year.

It was hilarious, of course, when Michelle Bachmann invoked the Charge of the Light Brigade at a rally against “Obama’s” (has he ever really owned it?) health care “initiative” (isn’t that too strong a word to use?), quite oblivious to the fact that the actual historical event was one of history’s greatest debacles.  Obama, on the other hand, seems to be actually reliving the famous cock-up in the flesh.  Except, of course, that he doesn’t really “charge” at anything.  He just talks about things, thinks about things a real long time, defers to others on things, and waits around for things to maybe happen.

[Green proceeds to offer more than a dozen bullet points’ worth of specific examples of Obama ineptness]

Obama’s Credibility Gap” – by Bob Herbert

Mr. Obama may be personally very appealing, but he has positioned himself all over the political map: the anti-Iraq war candidate who escalated the war in Afghanistan; the opponent of health insurance mandates who made a mandate to buy insurance the centerpiece of his plan; the president who stocked his administration with Wall Street insiders and went to the mat for the banks and big corporations, but who is now trying to present himself as a born-again populist.

Mr. Obama is in danger of being perceived as someone whose rhetoric, however skillful, cannot always be trusted. He is creating a credibility gap for himself, and if it widens much more he won’t be able to close it.

The last paragraph above is probably as close an admission as any New York Times writer will ever come to saying, “You LIE! to Obama (i.e., ala Joe Wilson).

I’m guessing that all of these liberals aren’t comforted by the fact that “they’ve got Obama.”

It is amazing that this incredibly failed president is actually still saying, “Well, the big difference here and in ’94 was you’ve got me.” There is something profoundly psychologically wrong with this guy.  His comment amounts to an insult against former president Bill Clinton, who had the misfortune of not being as great and wonderful as Barack Obama.  I despised Bill Clinton, but Slick Willie had more political instincts and legitimate personal charisma than Barry Hussein will ever have in his life.

Obama and everything he promised are empty, hollow, and meaningless. He is an empty suit that recites the script off a pair of teleprompter screens well.  Nothing more.