Obama ruining the economy
I tell you what, I am sick and tired of hearing about how bad the economy is – while at the same time hearing how great Obama is. There is a disconnect of logic there the size of the Grand Canyon. Bush’s economy totally sucked according to these same morons, yet unemployment hovered around 5%. Now the economy is doing worse – with unemployment soaring near 10% now – yet Obama is Golden. News reports are calling being fired “FUNemployment”. Good hell people. Liberal Ideology and Economics do not mix. I’ve been thinking that Obama is ruining the Economy as fast and as hard as he can. Rush Limbaugh agrees with me. There are 10 parts of this video – listen to them all. Everyone needs to hear this.
To read more from this author, visit www.madogre.com
Obama promises 600,000 new jobs
June 8, 2009 by Steven Ting
Filed under Economy, General
With record deficits, Obama proposes to create 600,000 new jobs with the stimulus money that has been provided. That is just plain dumb. So we spend $787 billion to create 600K jobs. That means we’re spending $1.31MM to create one job. There’s got to be a better way. With the amount of money he’s spending, I’d expect him to create 4MM jobs. From Politico.com, we have the following:
President Barack Obama is announcing Monday that he is ramping up stimulus spending exponentially in the next three months, allowing the administration to “save or create” 600,000 jobs — four times as many as during the first 100 days since he signed the bill.
The spending plans include national parks, summer youth jobs, veterans’ medical centers, police and teachers.
Obama will make the announcement during a late-morning Cabinet meeting, when Vice President Joe Biden will present a Roadmap to Recovery, which the White House calls “an administration-wide effort to accelerate implementation of the American Recovery and Reinvestment Act in its second 100 days.”
“As a result of this accelerated pace of activity, over 600,000 jobs are expected to be created or saved by the Recovery
Act in the second 100 days,” compared with roughly 150,000 in the first 100 days, the White House said.
Plus, with a loss of over 2 million jobs since he took office, how hard can it be to create 60oK jobs? I mean, it can’t be that tough, especially with the budget he’s proposed. The realy question is the quality of those jobs. Are they minimum wage jobs or are they $100K+ type jobs?
Maybe Obama should take an example from California and start cutting programs, instead of spending money we don’t have.
Obama to Appoint Pay Czar
June 5, 2009 by Steven Ting
Filed under Business, Economy, General, Politics
According to a Wall Street Journal article, Obama is set to appoint a Pay Czar. The responsibilities of this person would be to oversee the executive-compensation guidelines for firms receiving aid from the Troubled Asset Relief Program (TARP). By doing so, Obama takes us another step closer to socialism. Previously, salaries for some employees were capped while bonuses for others were nixed. As we saw with the AIG Bonus fiasco, what was rightfully promised to employees was taken away to serve a political purpose.
When the government steps in and tells us how much we can earn, that’s just wrong. The market should be allowed to determine what is acceptable. When someone works hard, they should be rewarded appropriately. While many blame the Wall Street Banks for the downfall of the financial system, they are not the only ones. There are many parties to blame, including, “We the People.” Because we always want things our way, we caused this mess. The Government did one better by forcing the banks to participate in the Community Reinvestment Act. This basically forced banks to make bad loans.
By allowing the government to regulate pay, we invite them to regulate other things in our lives. Obama’s already taken the next step by telling us that we can only drive a certain type of car. One that gets 35.5 miles per gallon. Next thing you know, Obama will be telling us what to wear, what to listen to, and what to watch on TV. Obama will then tell us what we can look at on the internet. Government should stay out of our personal lives.
Pay should be determined by the free market. If you do a poor job, you get paid less. If you do well, you get rewarded. If someone will do the same job as you, but for less, that person will get the job. It’s as simple as that. That is the way the United States has operated in the past, that’s the way we should continue to operate.
Obama is acting like the Union, but in reverse. Instead of demanding a “minimum” wage, he’s limiting it. It’s bad enough that he wants to take all of our money through taxes. Obama is dumb.
Let’s Talk Cookies
Let’s talk cookies. Say, you want to sell some Girl Scout Cookies. But no one is buying them. What do you do? Pretty much you follow the good old fashioned rules of selling. You advertise the hell out of them and you put them in every city in every state, you make them hard to miss. You put your sweetest and cutest girls out there holding boxes of cookies and have them look up at guys with with wallets with their big cute eyes. That’s how you move those cookies. Ever Girl Scout knows this. This is how I’ve purchased about 985 boxes of girl scout cookies…. but that’s another story.
Okay, now lets say you want to sell some cars. You do the same thing, but leave out the puppy dog eyes. Every Car Guy knows this. Democrats evidently do not. Obama’s Posse told Chrysler to cut their advert budget in half. That’s half the advertising. Then they are told to cut dealerships. This is especially thick.
See, Dealerships are privately owned. Not owned by Chrysler or GM. You have independent owners who place orders with the factory. The factory builds the cars and ships them to the dealers. Thats all they do. To the customer, Chrysler or GM is the dealership. That’s all they see. What they are seeing is the Company cutting dealerships. What this is – is Chrysler slashing their own throats. This doesn’t make a lick of sense to me.
Every dealer wants to put new cars on his lot to show them off and move them. You cut Dealerships – you cut those orders for those new cars. You also cut all the jobs of all those people working for Not Chrysler or GM – but those that worked for those independent Dealerships. GM and Chrysler did just about the most stupid thing you can do.
Let’s say I was in the mood for another 5 boxes of Girl Scout Cookies… I’m going to go to where the cute little red haired girl has my Macaroons. Oh, wait… she’s not there. Where did she go? I don’t know. But I do know there is some Chips Ahoy right next door. Oh well… I’ll get some Chips Ahoy, because I need a cookie today. So right there – The Girl Scouts just lost a sale. That is how it works.
In my town, there use to be a Ford Dealership, and down the street was a Chevy Dealership. Well, the Chevy guy went Bat-Shit-Crazy, closed his dealership and started his own church. Reading too much L Ron Hubbard or something. Well, here we are 10 years later (or more) and there is no Chevy Dealership. Guess what most dudes are driving around in now. That’s right. Ford. (Most of the Chevy trucks you see running around tend to be either company fleet trucks owned by companies that are not local companies…. or their owners are die hard Chevy fans. And there is a lot of them here… but the majority of trucks going on here are Fords.
My point is this. The government makes for a completely shitty business manager. The government doesn’t know how to run a business. The government has no legal right to run a business. Any dealership that got shut down should sue the government because they overstepped their constitutional charter.
To read more from this author, visit www.madogre.com
Biden Offers Misleading Comments on Stimulus Success
May 16, 2009 by Guest Writer 1
Filed under Economy, General
Vice President Joe Biden issued a progress report on May 13, 2009 “detailing” the results of governmental spending from the funds set aside for the stimulus bill. He made the report seem very promising, saying that the $28.5 billion that has already been spent has created results that have begun to turn the economy around significantly, including specific anecdotes about specific companies and/or state programs which have saved or created 150,000 jobs. Here are a few of the comments and anecdotes he shared in his report:
[Biden:] Across the nation, we are hearing of companies rehiring laid off workers, of new facilities with construction underway, of critical environmental remediation activities, previously on hold but now underway, and of first-time homebuyers driving increased activity in the home sales market, all due to an infusion of recovery funds…
[Anecdotes:]
A reopened Chicago window factory that had been a symbol of the plight of the American worker is now touted as an example of economic reinvigoration thanks to the federal stimulus…. The new owner, Serious Materials, has started rehiring some of the more than 200 laid-off workers to make energy-efficient windows at the plant… Serious Materials CEO Kevin Surace said his company is creating the green-collar jobs the nation needs to pull itself out of recession…”
Stimulus Funding Will Create 500 Jobs, Prevent Layoffs, and Clean Up Nuclear Waste That Threatens Snake River Aquifer. “Hundreds of new jobs, a cleaner environment and it’s all happening in our very own backyard. The Department of Energy approved $468 million in federal funding…Not only are they creating more than 500 new jobs, but this stimulus money is rescuing hundreds who were in jeopardy of being laid-off…
Employment Agencies Placing More Workers, Demand Up Since February; Mortgage and Title Companies Hiring More Due to Stimulus Tax Credit for First Time Homebuyers. “Linda Castanza, area branch manager for the Adecco Employment Services… said Adecco placed 1,400 people into jobs in the New Orleans area and is on a similar pace this year… ‘Mortgage companies and title companies are also starting to hire again because of the first-time homebuyer incentives in the stimulus bill,’ Elliott said.
The real story, however, is much more complicated. For every specific encouraging anecdote, there is more discouraging news, none of which is reflected in the progress report submitted by Biden.
[T]he report cites a newspaper article about workers being rehired at a factory in Chicago. That account is true, but is no more an accurate snapshot of the nation’s economy than a story, not cited in the report, about a Roanoke, Va., railcar factory closing…
It’s true, buyers are taking advantage of the $8,000 first-time homebuyer tax credits. The IRS said more than 567,000 tax returns claimed the credit in just the first weeks of the program. But that hasn’t provided an immediate turnaround in the market. Since February, sales of existing homes have fallen 3 percent and new home sales are down .6 percent. And the number of jobs in the real estate industry has declined by about 20,500, according to the Department of Labor. There are signs that the housing market is improving. But the numbers suggest that if the market bottomed out, it did so in January, before the stimulus was passed…
[New Orleans] has lost more than 200 jobs since February. Overall, Louisiana lost 16,085 jobs over the same span, according to the Department of Labor.
THE WHITE HOUSE SAID: The stimulus has created or saved 150,000 jobs.
THE FACTS: Since February, the nation has lost more than 1.3 million jobs, according to the Department of Labor. To make the case that the country created jobs over that same stretch, the White House has put forward a benchmark of jobs created “or saved.” The argument is that the job numbers would have been even worse had it not been for the stimulus, and the difference between those numbers is a net positive.
To visualize that disconnect, consider this: The administration has promised to create or save 600,000 more jobs in the next 100 days. Even if the nation loses another 5 million jobs during that span (a highly unlikely prospect) the White House could still claim success.
Most of the government spending so far has gone into Medicaid and other government run programs, but for spending $28.5 billion, 150,000 jobs “saved or created” when so many are still currently being laid off across the country seems like a small number; in fact, even a number of jobs this large has yet to be verified.
