Apr 19 2011

How To Use The Debt Ceiling To Control The White House

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OK, so we need to raise the national debt ceiling. Here is my proposal – drag it out until the 2012 elections. Here is how.

Each month allow the government to borrow money for a very narrow item or program, say Medicare. As part of the price for giving the White House a 1-2 years worth debt ceiling increase for Medicare alone, we pass Ryan’s fixes to Medicare.

Then we look at the EPA, and we agree the White House can borrow some money to fund the EPA for 2 years, but it will require suspension of all this CO2 nonsense and investigations into the soundness of the now disproved AGW theories.

Every month raise the debt to keep one element of government alive for the next 2 years – at a price.

Don’t ever throw out a debt ceiling rise that covers more than one area of government. Require the Dems to make the case as to why we cannot cut wasteful, non-producing and marginal programs (or trade them in as block grants to the states to implement).

We need this hammer for two years, don’t sell it too quickly.

Update: And this is why my proposal is not a political game, but something we must do before our nation’s economy collapses again:

(1) The idea that we will have anything like currently anticipated entitlement payouts plus currently anticipated tax rates is a fantasy;
(2) This gap is enormous, and represents the “mother of all bubbles”;
(3) Our debt situation means that we need to address it quite soon or face a funding crisis; and therefore
(4) The correct primary metric for evaluating anybody’s plan to do this is what practical measures it puts in place now and how much additional time this creates for us prior to this crisis, rather than theoretical and unenforceable promises about the distant future.

It is way past time to get serious folks.

22 responses so far

Apr 17 2011

Far Left: A Stupid & Crude March To Extinction

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This week, and especially this weekend, has been a watershed moment in politics. The left’s unhinged reactions to losing support have created a disturbance in the political waters which is unmistakable. The morons on the left who have called for civility in political discourde apparently were talking to their mirrors, as events in Madison, Wisconsin showed by the reactions of insecure, thick headed union males to an American mother from the middle class of Main Street:

The TV cameras showing the speech caught little of this phalanx of thugs that we had to walk through. Middle fingers flew and the trendy talking point insult of “Koch Suckers!” was everywhere. Sarah Palin was called names that made me wonder if Bill Maher was writing for this mob. Apparently, women-hating sexual mockery is acceptable if directed at the right, even if that woman’s children are present.

If videos of these Neanderthals gets out, kiss the left goodbye. Hopefully someone has this on tape, so America can see and reject the mental midgets now inhabiting the far left. The fact the left is so afraid of Palin and her message is not a sign of solidarity on their part. It exposes a deep insecurity and fear – one that is laughable to witness. Chivalry is not dead. When a mob of drooling morons attacks a mother and her children, the American people NEVER side with the morons. Get a clue left. You may be feeding your inner, whiny 2 year old – but you are also losing the battle for the American voter.

The truth is the moronic acts of the left have done more to solidify the rest of the nation in opposition than they could ever imagine (simply because imagination is a bridge too far for many lefties). In a companion piece at AT I could not help but stop at the line below:

Using “extreme” is an extreme tactic on the part of Democrats. And a dumb one, guaranteed to galvanize the TPM into a stronger and more determined effort. One might ask: How could Democrats be so brazenly stupid as to think the tactic will be widely successful, particularly with independents?

Well, as fans of genetics they should understand what the true source of this stupidity is – its in their DNA. Imagine if this generation’s evolutionary losers where those who demonstrate no self-control and devolved into brutality and intimidation as their answer to society? It’s not the first time in history the losers went on a mindless, brutal rampage to try and stop the world from leaving them behind. In fact, it happens all the time in varying degrees. As the left devolves, the center and right unite more and more in common cause.

The faux intellectual Paul Krugman whinged recently that civility was the last refuge of scoundrels. As if to ignore the fact his and his ‘movements’ transition into the gutter was somehow not the last refuge of a dying breed. Did I say this was all laughable?

Why is the left apoplectic right now? Deep down inside they understand what is happening. This kind of brutal anger that only comes out when invoked by a deep desperation. The root cause of all this angst is the realization their time is over, and a new paradigm is in ascendancy. What form that paradigm will take is still being discovered, but more and more it being driven by the realization it must be anything OTHER than what the left has sunk to. Rejection is hard to take, and some respond with the middle finger and a lot of blaming everyone else but themselves. And of course, there is a lot of denial and trying to shut out reality, pretend it does not exist.

Not to mention the real last refuge of the losers is believing all this is because the losers are sctually superior human beings in mind and morals! The White Knights ride in the imagination of the defeated.

Toxic acts do not create followings, they create failure, demise and then extinction. When you poison your environment with your own toxins, evolution’s solution is simple. Natural selection selects those who demonstrate the ability to conform to their environment, succeed in the changing future and successfully nurture the next generation. It’s pretty clear the vile left is not working well with others and building a brave new future. Just the opposite.

Update: Seems Breitbart has the goods on the nasty left – content and language warning. These morons are truly emotionally challenged. It is easy to understand how these ‘people’ are going to be challenged to make the evolutionary cut in the modern world.

13 responses so far

Apr 17 2011

Quietly, State-by-State, GOP Rights The Economy

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While the left is running around making dishonest and false claims for any gullible lefty to fantasize over, the GOP governors are out there demonstrating to Americans that rejecting the left and supporting the libertarian core of the GOP does produce immediate and stunning results. The left can whinge and wail, but when the GOP produces real economic results there will be no contest in the 2012 elections.

The first beach heads the GOP was able to turn back from the liberal spending madness were VA and NJ. In 2009 VA elected Robert McDonnell in a massive landslide that turned the Dem-GOP results around by 17% points from the year earlier with President Obama’s ‘False Hope’ election. Since then the Common Wealth of Virginia has never had to regret that decision:

His administration has been predicting since June that year-end numbers would show that the state had returned to profitability for the year. Still, the official numbers will be comforting for officials that have spent the last year making deep cuts in the state budget to close shortfalls. “We’ve been able to turn it around in short order,” McDonnell said during the radio program. “The good news is we’ve started to see a ray of sunshine. We’ve started to turn things around.”

The General Assembly agreed that state surplus money for the year would go to pay state employees and 3 percent raise bonus. Employees have gone without raises since 2006 and the state workforce has seen multiple rounds of layoffs. Lawmakers in both parties called for surplus funds to be used to provide employee relief.

McDonnell has also had positive impacts on where education money was spent and in defending Virginians from Obamacare. Since the Governor is term limited in VA, it is unfortunate to think we Virginians cannot retain this man’s skills longer.

In New Jersey Chris Christie was also swept into office on a huge reversal of the vote between 2008 and 2009. Christie has been boring into runaway government spending ever since.

New Jersey Governor Chris Christie introduced a $29.4 billion budget Tuesday that demands many concessions from state workers, as well as cuts spending and taxes.

Christie, who has gained a national reputation for coming down hard on public employees, wants workers to pay more for their health care. Raising their co-payments and premiums will save the state $323 million. By 2014, the governor would require them to pay for 30% of their medical benefits, up from 8% now.

And he gave lawmakers extra incentive to act and workers extra pressure to comply. If these changes are made, the state will be able to double property tax rebates.

The governor also reiterated his call for legislators to overhaul the state’s strapped pension system, which has a $54 billion deficit.

If Christie continues to be successful, NJ will see a balanced budget and its citizens will be living under a much lighter tax burden. Government workers may complain they have to invest in their own medical insurance and pensions, but they still represent a fraction of any state’s population. If the general population is happy, unions have to go along.

Now GOP Governor Scott Walker in Wisconsin has not only weathered the storm of liberal-union petulance, he has also turned his state’s budget around towards historic stability:

It found the so-called structural deficit – the imbalance between spending and tax revenue as laid out in state law – for the 2013-’15 budget would be $31 million. That assumes Walker’s budget passes the Legislature without new spending increases or tax cuts that would add to the deficit.

Under its existing form, Walker’s budget leaves the state with a fraction of the structural deficits seen in the past eight budget cycles. The next lowest structural deficit in recent years was $1.5 billion, or 48 times as much as what Walker’s proposing.

Newly seated GOP Governor John Kasich in Ohio is making similar progress:

Fulfilling his promise not to raise taxes, Ohio Gov. John Kasich Tuesday unveiled a budget that slashes spending for many agencies and seeks to privatize certain government functions to eliminate an $8 billion budget deficit.

“We can’t tax our way to prosperity, but we can’t cut our way either,” said Kasich in his town-hall style budget address.

Now, imagine a 2012 election cycle where the economic backdrop is OH, NJ, WI, VA and many other GOP led states arcing out of the recession and states like NY and CA and other Democrat disasters still sinking. With this scene playing out and the Federal Government still a basket case because of Reid and Obama resisting real change, there will be clear and obvious choices for the American people to select from.

I mean, it won’t even be close folks. Results are the quiet hammer that shuts down the whining and doomsayers on the left. Results speak louder than protests.

3 responses so far

Apr 16 2011

Liberals Up In Arms – With Blathering Slander

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The left now sits on the political precipice, as their doomed policies have led to a political quagmire they dare not and cannot pull themselves out of. The death spiral caused by their severe ignorance and horrible judgment has brought us to the final stages of the latest (and probably last for a while) political realignment. A realignment that began with Ronald Reagan. Since Reagan’s time the Democrats have lost their iron grip on the Congress, numerous State Houses and their mental stability.

Yes, there were reversals and pauses along the way. Some of this was a natural hesitation by the electorate to cut the chord with the big-government, nanny-state Democrats and put their faith in the GOP mantra of free enterprise and their own individual abilities. Some of these reversals were due to folks on the right fringe acting just like folks on the left fringe – demanding everyone conform to their narrow world view. And some pauses where due to flawed candidates. But they were pauses in unmistakable political shift that was always going to take decades to happen. You don’t change long held beliefs of millions of people over night.

Whatever happened to the nation that boldly explored where no one else dared to go, to simply discover what the truth is for ourselves? Apparently we got complacent and we looked to others fix things for us. We relied on government and not ourselves.

When the truly heroic Democrats of our forgotten past threw off the chains of corporate America’s rich and powerful, they gave America back to the individual worker. They stopped the enslavement of workers for greed. But then the modern left trapped that same worker all over again, caging them into bullying and greedy unions that now enslave the workers as much as the robber barons of old. The individual has once again been smothered by the big-whatever.

This also happened with the fight to free women and minorities from their substandard place in society. This good fight opened a door for America to tap this unused diversity, potential and drive – a treasure trove of energy that was caged up by out of date norms of society. In America these shackles were finally broken and the energy burst forth. You don’t see any of this in the backward countries that hold women as property and not people, nor in the countries where outsiders of any race, creed, color, ethnicity or religion are relegated to second rate status. America is that beacon on a Hill because of what the old Democrat Party was back in the middle of the last century.

But the modern left took away the very foundations these newly liberated people had relied on during all those dark and stupid times. They destroyed the family, the sense of community and the anchor of the local religious community. The left, to this day, wages war on the foundations of humankind that allow the individual to grow and be nurtured so they can take on their individual horizons. The African-American family, for example, is all but gone now and its impact to the community is devastating. Is it really a surprise this community is also the last to slavishly follow the left’s victim-based policies, where the individual no longer rises above the challenges but blameothers and demands the state take care of them?

The big government, big union cage is not even gilded anymore. Which is why the conservative wave of the 1990’s was able to sweep away the endless leftist welfare trap. A trap that replaced the self sufficient family living with its neighbors – supported through hard times by their community, church and/or synagogue – with welfare checks and no jobs.

The last round of hesitation by the electorate in 2006-08 was due to exhaustion. The exhaustion of years of fear from terrorism, and from wars were the people we fought for seemed unable to respect our sacrifices. It was also the age of the flim-flam democrat, who promised people in wheel chairs would walk if we sacrificed enough young human fetuses, and that the rich are out to take away the government’s meager handouts from the needy. It was a time of gross exaggeration and hype. The left prayed on the people’s anxieties and self doubt – promising to make it all better.

It worked for a while, and the left got their shot at pushing their image of America. And now America is in the processes of complete rejection of that image. We have decided not to trust the lazy bureaucrat to make decisions with our hard earned money. They will not touch our families’ health care – our life blood. They will not tell us how to think or talk, dress or eat. They will no longer harass us with their delusions of superiority while picking our pockets. The tide turned in 2010, but it has not peaked yet.

Of course, the left has yet to figure out they have no superior intellect, motives, skills or compassion. They can barely hide their disgust with the average American – obvious in their reactions to the Tea Party grass roots, which grew straight out of the center of the electorate. And as they realize Mom and Dad voter are cutting off the funds for the Bureaucrat Delinquents (BD verses a JD), their anger at Mom and Dad voter is rising as fast as their composure is failing.

Look at the liberal response to relieving government employees from mandatory union dues, instead requiring said workers to pay into their individual health and retirement plans. In essence, the union member has to pay more for their individual benefits, but they are no longer required to fund a union who may not deserve their money. Individual vs union – and the union went bonkers at the fact their gravy train was now their responsibility. The only thing the union did not offer up as a compromise was the collection of dues by the government. Everything else was on the table at one point or another. The new robber barons were exposed.

Look at the response to the Ryan plan! Obama says we are trading tax breaks for the rich for medicine for grandma – even though these two things are completely distinct and not connected whatsoever. Medicare is and Medicaid are funded by the FICA payroll deductions – which have income caps on them. The rich NEVER pay the same percentage into these entitlements as the poor. The poor and middle class have 100% of their income taxed for these programs, but the rich have only a small fraction applied (the first $107K in SALARY!). For millionaires they see 10% or less of their income hit for these programs.

So Obama and the left are lying when they claim INCOME TAX is traded for FICA TAX. A lie too many gullible fools are willing to believe. In fact, Obamacare is the largest threat to Medicare out there:

While the Democrats still do not understand what they have done with Obamacare, the government’s actuaries and accountants do, and have been telling us in official government publications and documents. The 2010 Financial Statement of the United States Government, published by the Treasury Department in December, is the most clear. That report discloses repeatedly in several tables of data that the total of future cuts in payments to doctors and hospitals under Medicare as provided in current law due to Obamacare and President Obama’s Medicare reimbursement policies is $15 trillion!

Emphasis in the original. The Ryan-GOP plan moves Medicare and Medicaid out of the reach of DC bureaucrats. Medicaid will go to the states in block funds, while Medicare will be a subsidy provided so each retiree can select the plan of their choice. DC will have no say where we use our Medicare dollars – none.

Again, the battle between the individual or big government is being waged. And the Democrats are on the dead side of history. It has not dawned on liberals they cannot demagogue the Ryan proposal because it will be very popular. Anything that takes money from the government and puts it back into the voters hands is going to win the day. Fear of making our own decisions is a fantasy that runs around the minds of liberals as they prop up their imagined superiority. It does not exist in the real world, though the left keeps acting like it is some powerful force. Maybe 100 years ago – but not today.

So the inept left, afraid of the quintessential, self-sufficient, American individual has succumbed to all out lies and slander. Obama’s budget speech this week was an hour long and vacuous screed against his straw men demons in his mind. There was no reality in it – none. His false choices have become worn out, tired and pathetic – just like the rest of the far left. They fear a brave new world that relies on the individual and the community, and shuns the centralized buffoonery of big government (where the only competition is to work long enough to retire).

I agree with many who find no evidence President Obama is on a glide path to reelection. His poll numbers are dropping across the board, and the GOP finally has some serious and mature proposals on the table. Proposals that are not cotton-candy light and marginal, but rock solid attempts to fix things long broken. And I think they will all be shocked at how much Americans will respect and back the candor and the personal risk these people are making to do the right thing.

19 responses so far

Apr 15 2011

Where To Start?

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If the conservative movement wants to take on a case of government over reach – this is the one:

Authorities have determined there is no emergency need for a 13-year-old girl to be on medication, after the girl’s mother was accused of medically neglecting her by not giving her a psychotropic drug.

The girl has been in state custody since Child Protective Services workers showed up to take her, prompting an hours-long standoff between her mother and police.

Mia Wenk, a CPS worker, testified earlier this month that she filed a petition containing multiple allegations of neglect, along with the order to take the child into protective custody, two weeks after she became involved in the case March 10.

Emphasis mine. This busy-body case worker was on this case 2 weeks (plus many others) and decides she needs to take the kid from the mother? The one who should be on trial is the ego-maniacal bureaucrat playing God – not the mother trying to keep the government from drugging her daughter. Want one of those rallying points that clearly mark the differences between the two sides AND helps an American family retain their rights? This is it folks.

Obama’s numbers start their slide in Gallup – no surprise there. Only question is where is the next plateau on the down spiral? Right now he is at 50% disapprove and 42% approve among adults.

Global Warming Alarmists still crying “Wolf!” (which is all the left does), but now they claim the end of the world is 2 years farther out – since it did not show up when predicted:

One way to detect a fraud is that when his prophecies don’t come true he says, “I meant to say…”

The BBC has a delightful story of the global warming alarmists saying, “I meant to say…”

“Scientists who predicted a few years ago that Arctic summers could be ice-free by 2013 now say summer sea ice will probably be gone in this decade.”

“The original prediction, made in 2007, gained Wieslaw Maslowski’s team a deal of criticism from some of their peers,” reports the BBC. “Now they are working with a new computer model – compiled partly in response to those criticisms – that produces a ‘best guess’ date of 2016.”

Yeah, right. Unlike real science where we can precisely predict where a projectile will land given a specific force and angle, the pretend science of global alarmists is all random guessing.

Did you know that when you save your personal electronic data (records, pictures, stories, email, etc) outside your residence it is no longer protected by the constitution and open to government trolling?

Did you know that there are no laws to prevent government agencies from raiding your computer’s remotely hosted back up files, your third party emails, your cloud computing files, or your cell phone GPS location records? Well, there aren’t. As the law stands today government can go into your private computer files or trace your cell phone location without a warrant.

And to think you pay good money for this invasion of your privacy.

Charlie Cook nails Trump. Let’s get serious folks. The last ‘feel good’ President we elected bankrupt us, got us into a losing war and destroyed our health care plans.

Jay Cost on why the economy will be a nagging problem on Obama and probably drag him under in 2012.

Obama’s War in Libya has become one of the quickest disasters in American history.

And finally Peggy Noonan on how this all adds up to a Lame Duck Obama.

The president is immersed in another stressed and unsuccessful spring after a series of losing seasons. Internationally, he’s involved in a confused effort that involves bombing Libyan government troops and sometimes their rebel opponents, leaving the latter scattered and scurrying. Responsibility to protect is looking like tendency to deflect. Domestically, the president’s opponents seized the high ground on the great issue of the day, spending and debt, and held it after the president’s speech this week. In last week’s budget duel, the president was outgunned by Republicans in the House and outclassed by Paul Ryan, who offered seriousness and substance as a unique approach to solving our fiscal problems.

In this week’s polls: An Ipsos survey says 69% of Americans believe the country is on the wrong track, up five points since March. Zogby has only 38% of national respondents saying Mr. Obama deserves re-election, with 55% wanting someone new. Mr. Obama carried Pennsylvania in 2008 by double digits; a poll there this week shows only 42% approving his leadership, with 52% disapproving. Gallup had the president’s support slipping among blacks and Hispanics, with the latter’s numbers dramatic: 73% supported him when he was inaugurated, 54% do now. Support among whites on Inauguration Day was 60%. Now it is 39%.

The one term wonder still amazes.

19 responses so far

Apr 14 2011

Rush To Gullibility Part 2

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OK, time to separate conservative commentators into the ignorant class and those savvy and honest about cutting the federal budget. As I noted the other day, poor Rush Limbaugh got completely hoodwinked by a piece of liberal media disinformation, and went off on an erroneous tear about how bad the current budget deal is that covers the remainder of government fiscal year (GFY) 2011 ( – ends September 30th, 2010). As I noted in that earlier post, anyone who believes a CR can immediately cut spending is just demonstrating a serious lack of comprehension as it comes to how the government operates and is funded.

Like the ‘shovel ready’ nonsense squawked by the liberal media around the Democrats failed Stimulus Bill in 2009, every action by Congress takes months and years to filter its way through the bloated federal bureaucracy and its ocean of paperwork. That applies to spending increases and cuts. The ship of state is a ponderous and slow thing, making snails look like formula 1 race cars.

What you get in these CRs is nothing more than a commitment to follow through and cut spending, stop programs, close down activities in following budgets. You do not get a $38 billion dollar rebate. That is why you don’t want government by CR – the entire plan in the CR is vaporized once the period of the CR is over. All these cuts disappear on October 1, 2010 if they are not forwarded into the more binding and long term GFY budget for 2012. There you have more resilience (though any Congress can change direction at any time – thus the idea to enact 2 year budgets).

Well, the AP is out trolling for ignoramuses again today:

A new budget estimate released Wednesday shows that the spending bill negotiated between President Barack Obama and House Speaker John Boehner would produce less than 1 percent of the $38 billion in promised savings by the end of this budget year.

Emphasis mine. As I said, anyone think ANYTHING in a short term CR will be completed before the CR expires? Sorry, you need to go back class on US Government. It seems the WaPo could figure out the federal process is slow as molasses when it comes to this CR, but somehow failed to communicate that detail to its readers during the rush to the stimulus bill. If you want a clear example of PR instead of informing, mark this down.

So, who is going to run off half-cocked on this and prove once and for all they are an unreliable source for the American voter when it comes to discussing issues around the budget? I expect Hannity to continue to miss the point – since he has from day one. Will Rush fall once again into the bailiwick of the naive?

We shall see.

Update: The WaPo snags its first victim over at Hot Air

13 responses so far

Apr 14 2011

O-Bomba!

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Yesterday’s speech by our Follower-in-Chief on the budget was a disaster. If he wanted to establish his 2012 campaign, he basically torpedoed it. He is well on the way to becoming a one term President like Jimmy Carter – one the country barely survived economically.

He was not enlightening or optimistic. He kept babbling on and on about “his America” and how he would not allow any other version of America to see the light of day. He ignored the fact that his calls for spending cuts and tax reform where so vague they could encompass the Ryan/GOP plan. He whined, through insults and stomped his foot.

It was embarrassing:

Mr. Obama did not deign to propose an alternative to rival Mr. Ryan’s plan, even as he categorically rejected all its reform ideas, repeatedly vilifying them as essentially un-American. “Their vision is less about reducing the deficit than it is about changing the basic social compact in America,” he said, supposedly pitting “children with autism or Down’s syndrome” against “every millionaire and billionaire in our society.”

As someone said, the President ran amok with false-choice straw men and then proceeded to fire bomb is fanciful creations. If the President thinks the minority of sad saps who don’t get the fact that the successful in this country pay 44% of the taxes which supply the safety net he has put at risk with his mad spending will out number the hard working, tax paying, budget balancing voters he is mistaken. The number of people who buy the President’s ever more shrill cries is shrinking rapidly.

The President does not understand his political capitol is spent and he is now just expanding the backlash against him. Two things polls show over and over again is the fact America does not want juvenile finger pointing like this, and they want the government on a fiscal diet. Neither demand was addressed by the President, and in fact he insulted all those clamoring for professional civility and sanity in the DC partisan fevered swamps.

Obama’s poll numbers are already drifting downward across the board. And has his clout dissipates his party fractures and the centrist Dems will begin to make their wishes known in no uncertain terms. Right now every long term Democrat pondering retirement in the Senate sees a last opportunity to use their clout to gain progress on their deepest felt issues. Watch the deals begin to fly now that the President as moved himself to the far left – and alone.

Update: A new AP poll shows just how out of touch our inexperienced President truly is with the voters:

Voters prefer spending cuts to tax hikes by a 62/29 margin, a much more significant divide than between those who believe their tax levels to be fair or not

Clearly Obama is on the wrong side of history and falling further behind by the day.

7 responses so far

Apr 13 2011

Obama’s Failed Economic Policies – 10.3% Unemplopyment

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Been waiting to post this update to the continuing false optimism on the economy and jobs as spun by the liberal media and the incompetent White House. Sadly, the dumbing down of our education system as left an electorate sometimes painfully unaware of how the statistics generated by our government are broken and misleading. As I note in March and in February, the unemployment rate is artificially low because the work force has shrunk massively since the recession. This artificial number has people wrongly optimistic and wrongly patting themselves on the back (Liberals especially).

Here is the decade long look at the March unemployment data in terms of overall work force size and the number of unemployed registered [click to enlarge]:

As with the last two months of supposed job recovery, what we see is really a continued drop off in the labor force size (the blue curve), as opposed to the nominal growth in the labor force that goes with the steady increase in population (the red trend line). All data comes from the Bureau of Labor Statistics.

If we recalculate the real unemployment against the nominal labor force (155.9 million verses the current 139.8 million) the real unemployment rate is a staggering 10.3%. Little changed from the 10.4% I calculated last month. The U6 rate, or alternative unemployment rate is not the advertised 15.7%, but actually U6 is running at 17.2%!

So when Obama comes out and tries to claim his policies are working tonight, and he has supposedly created all these new jobs, realize the 1+ million jobs he claims run in the face of 2.7 million less people in the workforce. His stimulus bill failed, as is obvious from simply looking the the U3 (standard unemployment rate) and U6 levels since its passage. And realize the true numbers are much worse.

I noted in red were the recalculated U3 would be if the government adjusted its computations to account for the nominal work force levels. The President’s siren song is old, tired and busted.

Update: I also want to note this article from the NY Post that is in a similar vein.

7 responses so far

Apr 12 2011

A Rush To Gullibility

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It seems Rush Limbaugh has taken the bait in a bit of liberal media spin designed to sugar coat the budget deal reached this week for the closing 6 months of GFY 11 (which ends Oct 1, 2011). Apparently the usually sharp Limbaugh fell for some misinformation meant to convince the left they weren’t really giving up much this week. Rush’s naive and fanciful view of the government belies a serious ignorance on how the government operates. The trick line appears to be:

About $10 billion of the cuts already have been enacted as the price for keeping the government open as negotiations progressed; lawmakers tipped their hand regarding another $10 billion or so when the House passed a spending bill last week that ran aground in the Senate.

So some easily verifiable lessons must be taught. Since there was no budget passed last year, the temporary budgets contained in the sea of CRs we have seen since Oct 1210 are transient and ethereal. Did anyone actually believe each CR immediately cut money from the government programs each time a CR passed?

Sorry to say, this is were naivete takes hold. Just like the Democrats actually had to wait 12-24 months for the stimulus bill’s money to actually begin being spent due to an avalanche of sluggish federal processes, the time it takes to stop and shutdown programs is no less time consuming.

None of those previous cuts in previous CRs survived the sunset date on the CR. All previous CRs were null and void last Friday. This is a well known fact inside The Beltway, something the armchair experts outside don’t get. Therefore you HAVE TO restate the previous cuts, which will take months to enact, in the last 2011 CR coming out this week for them to be ‘permanent’ – and I mean active through Oct 1, 2010.

For cuts that were going to have out year impacts, they have to be codified in 2012 budget to remain ‘alive’. Clearly, even many of the political experts don’t understand the basic mechanics of the federal government, and do a disservice to the people they are trying to communicate with when they rush to gullibility like this.

12 responses so far

Apr 12 2011

Follower-In-Chief

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President Obama is going to make a lame attempt to grab the leadership role in this country by producing another, radically different GFY 12 budget than the he produced a few short weeks ago. Back then President Obama was very tentative and pushed the hard cuts past the next election cycle. He proposed $1.1 Trillion in cuts over the next decade.

Then the GOP showed true leadership and produce the Ryan plan, which cuts $6.2 trillion and brings us back to fiscal sanity and balanced budgets.

Now President Obama is going to come out and pretend he is leading by following in the wake of the GOP and their cost cutting sanity.

But it won’t work. Team Obama are pure, political klutzes. They are horrible. Without massive majorities in the House and Senate their ignorance is on full display.

So what if Obama comes out with a soak the rich (i.e., business and jobs) plan? He will be challenged to explain what changed in the last 8 weeks to now require job and economy killing tax hikes? He is going to have to explain how the nation survived and thrived through decades with lower tax rates, and is now stumbling under the uncontrolled spending of the Democrats run amok? He is going to be challenged, but there are no politically good answers. He will fall short and his mulligan budget will sink into the muck like his first budget did.

He is going to have to explain why the cuts he proposed 8 weeks ago are no longer a good idea. He will be challenged as to why he failed to address the entitlements, which are on auto-pilot heading for national bankruptcy. He is going to be challenged as to why there is any more confidence in his second try than his first failed attempt.

Team Obama doesn’t get it. He had his chance and he muffed it. Now the GOP and the Tea Party have the confidence of the voter wave that hit last November. The Dems lost that last cycle.

He can’t gain it back with prime time PR prattle and his usual soaring yet vacuous oratory. That dog don’t hunt anymore.

Update: Ed Morrissey notes his surprise as Obama discovers his own debt commission! I think all of us are about to have our intellects insulted in a major way tomorrow night. Can’t wait.

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