LET'S TAKE ANOTHER GLANCE at the sad facts, shall we? Now that President Obama is visibly slipping on everything from stages from which he will speak to his own tongue with which he will speak, the public deserves to know how to whack past the weeds to get at those pesky facts that should shine light on the truth of financial matters once again.
Do we not recall that on January 3, 2007, jubilant and sassy Democrats rolled into The House of Representatives and the Senate at the very start of the 110th Congress quite proud of themselves, for now they controlled the nation's pursestrings. It was then, that for the first time since the end of the 103rd Congress in 1995, the Democrat Party finally controlled a majority of both chambers, and they were literally itchin' and publicly scratching for a fight.
On January 3rd, 2007 the Dow Jones closed at 12,621.77, about where it stand today, over five years later. The GDP for the previous quarter was 3.5%. The unemployment rate was 4.6%. Under the Bush administration economic policies set a record of 52 straight months of job growth! Look it up, child. January 3rd, 2007 was also the day that Barney Frank (D-MA) took over the House Financial Services Committee and Chris Dodd (D-CN) took over the Senate Banking Committee. For the next
The 2012 Financial Services Committee unveiled the Dodd-Frank Burden Tracker, an online resource to help the public keep track of all the new government rules and red tape required by the Dodd-Frank Act.
Dodd-Frank, passed by Congress in 2010, mandates that government regulators write over 400 new rules and requirements that will be imposed on the private sector. Since the law was signed by President Obama in July 2010, the Dodd-Frank Burden Tracker reveals:
regulators have written 185 of the 400 rules;
these 185 rules consume 5,320 pages;
it will take private sector job-creators 24,035,801 hours every year to comply with these first 185 Dodd-Frank rules
The catastrophic economic meltdown that happened 15 months later was to be found in what sector of the economy? The Banking and Financial Services! Dumping five to six TRILLION Dollars of toxic loans on the economy from Fannie Mae and Freddie Mac created a banking crisis that lead to across the board major business failures and waves of massive unemployment. Many citizens lost everything they worked for during their lifetime...
Enter the Democrat Party's chorus of whining and finger pointing. But here's the real stinker. From 2001, the Bush administration asked Congress 17 times to stop Fannie & Freddie because it was financially risky for the US economy. Given our national partisan ways it comes as a surprise to no one that from his perch on the lily pad of false promises, freshman Senator Obama and the greater Democrat Congress fought vigorously against the reform of Fannie & Freddie every chance Bush offered them reformation. It also goes without saying, but why leave doubt in the minds of those who are too busy to follow the national grift culture in its day to day hijinx that many picayune Democrats took high payoffs from Freddie & Fannie while all this was transpiring, money that this government agency had no business doling out to politicians in the first place. Senator Barack Hussein Obama (D-IL) had his pockets filled under this program of theft by legislation.
We have made it clear here at the Project in the past that we had soured somewhat on the Bush administration by this time, for his own peccadilloes which have nothing to do with his monetary policy (unsound but hardly indicative of what the Democrats impose), but the next someone tries to blame Bush for the state of America's economy during the Obama reign of serfdom for all, simply report these facts.
By Michael Filozof: The Origins of Leftist Racial OrthodoxyIF "diversity" is good, why do liberals congregate in lily-white enclaves like Vermont (the whitest state in the Union, according to the Census) and Marin County, California? White liberals hector others incessantly about the need for "diversity," but most have no interest in living in neighborhoods with large numbers of blacks. The ideal society in the liberal mind always seems to be a Scandinavian socialist one (which is to say that liberals strive to make the U.S. more like some of the most uniformly white nations in the world).
The liberal enforcers of racial correctness are quick to decry the evils of racism, yet they are quite willing to practice it themselves in the form of affirmative actionand they are strangely silent when blacks engage in "hate crimes" against whites. Conservatives have been increasingly willing to point out these and other hypocrisies of our racial orthodoxy, but they invariably fail to understand its true origins.
What drives our contemporary racial orthodoxy? Many conservatives mistakenly believe that liberals obsessed by race are afflicted with "white guilt." Not so. The truth about racial matters in the U.S. is this: racial issues are not actually about race. In the hands of the progressive left, race is a tool used by powerful whites against other whites; specifically, race is a weapon used by liberals to bludgeon conservatives and delegitimize conservative, patriotic values.
But it has not always been so.
Prior to World War II, progressives and leftistslike Planned Parenthood founder Margaret Sangerviewed blacks as inferior human scum who should be eliminated through eugenic hygiene. But after World War II, "progressive" thinking about race underwent an astonishing metamorphosis. The American left forged a strategic alliance with blacks, using race to attack the core values of an American society they had now come to despise as the ultimate evil.
The dominant theme of the literature of the postwar erawhich 76 million Baby Boomers absorbed as the first generation to attend college en massewas the moral equivalence between the United States and the totalitarian regimes it had just fought.
In The Feminine Mystique, Betty Friedan, the founder of the modern American feminist movement, wrote that the American suburb was a "comfortable concentration camp" for women. (Friedan, a Jew, wrote this in 1963, less than 20 years after the liberation of Auschwitz.)
In The Catcher in the Rye, J.D. Salinger's protagonist Holden Caulfield (narrating the story from an asylum after having been driven insane by the "phoniness" of American life) says of his brother D.B., a World War II veteran, "I really think he hated the Army worse than the war ... [h]e said the Army was practically as full of bastards as the Nazis were."
In Kurt Vonnegut's semi-autobiographical novel Slaughterhouse-Five, the real enemy is not Adolf Hitler or the Nazis, but the American military, the American officer corps, and American society. Vonnegut's character Billy Pilgrim is a WWII vet who survives the bombing of Dresden as a POW; after the war, he becomes a respected citizen and a financial success. Pilgrim absorbs conservative American values right down to the "Impeach Earl Warren" bumper sticker on his carand goes insane, just as his fictionalized son patriotically heads off to Vietnam.
In the early 1960s at Edinburgh, Mailer along with Mary McCarthy began the process of legitimizing Burroughs. Mailer opened the back door and let Burroughs in. Literally. One of Burroughs’ most ardent supporters for admission to the Academy of Arts and Letters was Mailer. This recognition was very important to Burroughs, and he wore his Academy pin proudly. From what I can gather, Burroughs was grateful for Mailer’s support. Jed Birmingham
But the author who provided the direct link between left-wing America-hatred and race was Norman Mailer, also a disillusioned WWII veteran. In his 1957 essay "The White Negro," Mailer equated the atomic bomb with the concentration camp and urged whites to identify with black social outcasts as a means to escape the "totalitarian tissues of American society." The "hipster" should encourage the "psychopath" within himself and "absorb the existentialist synapses of the Negro." The white "hipster" would follow psychopathology-as-liberation "along the road of the homosexual, the orgiast, the drug-addict, the rapist, the robber and the murderer..."
"[W]hat makes [the "hip" ethic] radically different from Socratic moderation with its stern conservative respect for the experience of the past[,]" Mailer wrote, "is immoderation[.] ... [T]he nihilism of Hip proposes ... that every social restraint and category be removed[.]" (Emphasis mine.)
The White Negro is perhaps the most important work of literature in postwar America. It provided a blueprint for the cultural revolution of the 1960s, and in hindsight, it explains nearly all left-wing, anti-conservative behavior since. If blacks were social outcasts in American life, then the white enemies of traditional American values would align with them. An immoderate drunk like the late Sen. Edward Kennedywho was kicked out of Harvard for cheating, then killed a young girl he was presumably cheating on his wife with, and got away with itcould not possibly point the finger at blacks and tell them to be honest, chaste, and sober. He could, however, falsely accuse Judge Robert Bork of wanting blacks to "sit at segregated lunch counters" to deflect attention from his own behavior. And it worked. (Today, following the same "enemy of my enemy is my friend" strategy, leftists align themselves with Islamic terrorists and radicals, under whose rule they would never actually want to live.)
When white Americans finally began to see the justice of Martin Luther King's cause and the injustice of Jim Crow, leftists pushed harder and harder to include items under the rubric of "civil rights" that King, a preacher of the Gospel of Jesus, would never have approved of. "Civil rights" became a foot-in-the-door that leftists used to attack and destroy all "social restraints and categories" in American society.
Left-wing racial rhetoric about "fairness" and "equality" and "non-discrimination" has been used to conceal a subterranean leftist agenda of anti-Americanism and anti-conservatism for over fifty years. Conservatives persist in stupidly taking this rhetoric at face value; hence, they always find themselves on the racial defensive.
Want to kill your unborn baby? That's a "civil right." Marry another man? "Civil right." Dress in drag and use a woman's bathroom? Another "civil right." (It is hardly a surprise that while King remains a revered figure on the left, his Christianity has been airbrushed from his legacy. He is almost always referred to as "Dr." King todayrather than "Rev." King, a Man of God.)
The anti-conservative alliance between the left and blacks as described by Mailer neatly explains why Tea Party whites who admire the likes of Herman Cain and Allen West are nonetheless tagged as "racists" by the left. It explains why Democratic Party leftists welcomed former KKK member Sen. Robert Byrd into their fold while slandering former Sen. Trent Lott as a "racist." It explains why the Republican Party, founded in 1854 as an anti-slavery party, routinely loses 95% or more of the black vote; it explains why the conservative Supreme Court justice Clarence Thomas is the most hated man in black Americahated more than the reprehensible O.J. Simpson.
It explains the virulent left-wing racial demagoguery surrounding the Trayvon Martin shooting. Everyone knows that blacks are not being profiled and victimized by white "vigilantes," as the politically charged indictment against George Zimmerman alleged. But the shooting provided a perfect platform for white liberals like Michael Bloomberg and Charles Schumer to attack the traditional, conservative American institutions of gun ownership, the National Rifle Association, and the right of self-defense by smearing these things as "racist."
We accept the proposition that human relationships are simultaneously strong but fragile, that human notions of familiarity are natural but confining, that competitive divisions existing due to culture, class, and individuality are not insurmountable when the push and pull properties of each axis is properly cherished and protected according to natural forms. We insist that deep friendship and brotherly love exist among and across all the races and peoples, made possible most notably in the context of free men and free women behaving towards each other in a spirit of compassion and respect whenever the measurement and surety of common goals and individual interests is put to the test.
Diversity is a beautiful concept, one found in nature itself, but diversity cannot, or should not be coerced, or engulfed in political struggles for which its players are ill-equipped and ill-advised to condone, even though the eco-political whip and needle is often indeed the primary social thrust governments prepare to inject diversityof every kind and unkindinto the populations at large. Even then, every vector of cultural inertia should be allowed to insinuate its own organic passage into the social soup without the centralized authority of governmental quotas handicapping the game, a tactic which both complicates and falsifies the vaguely apotheosized experiment of diversity for its own sake.
Declining joblessness figures, sprouting lately from the current administration like so many spring crocuses, have left even the Chairman of the Federal Reserve, Ben Bernanke, puzzled over numbers that are "out of sync" with the overall economy.
"The combination of relatively modest GDP growth with the more substantial improvement in the labor market over the past year is something of a puzzle," Bernanke admitted to the National Association for Business Economics earlier this week.
Bernanke then proceeded to explain why unemployment figures from the administration seem so out of step with the reality most folks are experiencing. He started with a basic, but often overlooked, part of the jobless equation. "The monthly increase in payroll employment, which commands so much public attention, is a net change," he said. "It equals the number of hires during the month less the number of separations (including layoffs, quits, and other separations)[.]"
Then Bernanke concluded, "the increase in employment since the end of 2009 has been due to a significant decline in layoffs but only a moderate improvement in hiring."
So, despite the Obamedia's attempt to paint a sunny picture heading into the November electionnote their relative inattention to Bernanke's speechvery few new jobs are actually being created during Obama's watch. In fact, the most recent numbers from the Bureau of Labor Statistics, cited by Bernanke, show that the number of people being hired has declined in 2012even as Obama officials reported that unemployment figures came down.
Early in his administration Barack Obama said that job creation was goal Number One. He promised to create 3 million new jobs during his first two years in office, a pledge which would seem laughable if his failure didn't adversely affect so many people. Even with recent improvements in jobless numberscaused mainly by a slowing of layoffsas Benanke noted, "private payroll employment remains more than 5 million jobs below its previous peak; the jobs shortfall is even larger, of course, when increases in the size of the labor force are taken into account."
The Obama administration was claiming jobless improvement in a job market that, according to non-Obama sources, was still grim. "American employers put the brakes on new jobs in January," according to Forbes, citing employment firm ADP. And Gallup reported in February that their surveys show new hirings dropped and that "the February score matches those recorded from October through December 2011."
As to the unemployment numbers emanating from Obama's regime, Bernanke noted, "the better jobs numbers seem somewhat out of sync with the overall pace of economic expansion," before concluding, "the job market remains quite weak relative to historical norms."
This article points out the corrupt methodology this administration has used on the American people since day one. Opening the Obama toolbox, one would suffix lie after lie, distortion after distortion, monkey wrench after monkey wrench. Our puerile president is NOT inept. He is defiantly on point, with concerted efforts to deconstruct American history, its industry, its libertyits very way of life. He doesn't seem to care to whom he hands off a weakened Americacould be the Soviets-in-training, the Chinese, or the Islamic Caliphate he works so diligently to reward at the expense of his own supposed homeland.
O SAY CAN YOU SEE, by the dawn's early light, and have you ever stopped to take measure of Black Republicans in Congress and other places that have known to represent the power of the people? It's time to get acquainted with one such person, in particular.
Inspired with strong family values, Jennifer Carroll, 51, was born in Trinidad and moved to New York City with her great aunt and uncle when she was 8, just as desegregation was taking hold. On television, she saw reports about civil rights and Martin Luther King's assassination.
Two years after graduating from Uniondale High School in New York state, she enlisted in the U.S. Navy in 1979. After serving as an Aviation Machinist Mate (Jet Mechanic), she was selected for Enlisted Commissioning Program, becoming an Aviation Maintenance Officer in 1985. She retired from the Navy in 1999 as a Lieutenant Commander. In 1981, she received an Associate of Arts degree from Leeward Community College. She followed this in 1985 with a Bachelor of Arts in political science from the University of New Mexico. She moved to Florida in 1986. She received a Master of Business Administration degree from unaccredited online diploma mill Kensington University in 1995, and then earned another Master of Business Administration degree online from St. Leo University in 2008
Carroll thus became the first black woman to be a major party candidate for lieutenant governor in Florida's history, and the first black woman on any statewide Republican ticket.
"That was the first time I experienced the conversation regarding race," she said. It wasn't until she graduated from high school and enlisted in the Navy in 1979 as a jet mechanic that she experienced racism firsthand, she said.
"When it really started was when I was appointed as the supervisor in charge of white males," Carroll said. "They felt they should have been in charge rather than me."
She made two unsuccessful bids for the United States House of Representatives in 2000 and in 2002. Following her defeat in the 2000 election, she was appointed as Director of the Florida Department of Veterans Affairs serving in that post until July, 2002. She has been elected successively to the Florida House since winning a special election in April 2003, when she became the first African-American female Republican ever elected to the Florida Legislature.
On September 2, 2010, after winning the Republican primary, Rick Scott named Carroll his running mate in the 2010 Florida gubernatorial election. Carroll thus became the first black woman to be a major party candidate for lieutenant governor in Florida's history, and the first black woman on any statewide Republican ticket.
FATHOM A FEW FACTS about our flipping national debt. LBJ's Great Society and a few other distractionslike the Vietnam warstormed into 1969 and the Nixon era with buckets of deficit spending. Since then, the national debt has grown dramatically each decade, as shown below:
• In the 1970’s, the national debt more than doubled, from $366 billion to $829 billion.
• In the 1980’s, the national debt more than tripled, from $829 billion to $2.9 trillion.
• In the 1990’s, the national debt almost doubled again, from $2.9 trillion to $5.6 trillion.
• In the 2000’s, the national debt is projected to more than double again, from $5.6 trillion to $12.9 trillion (projected national debt at the end of fiscal year 2009).
Just for giggles and lollipops, let's analyze who was in charge of the Spending and Budget AuthorityThe House of Representatives:
In the 1970's the Democrats held the House all 10 years.
In the 1980's the Democrats held the House all 10 years.
In the 1990's the Democrats held the House for 4 and The Republicans for 6 years.
In the 2000's the Democrats held the House for 10 years.
The only time we ever balanced the budget was when the Republicans held the house in the 1990's during the Gingrich Revolution.
The anti-Constitutional Progressives give the credit to Bill Clintonwho was forced to accept the budgets from the Republican-dominated House. In additionClinton only got to a balanced budget by gutting the military and called it the "Peace Dividend" that rather quickly led to a tragic series of missteps that opened the door for 911.
Anyone who blames people who want to balance the budget and make excuses for fools who want to spend money we don't have and then raise taxesis historically ILL-INFORMED and most often always DEMOCRAT to the core.
However, over time even the Republicans began to pitched gobs of cash wherever they could, just to make a good impression on the debtor nation the Democrats were grooming. Gotta keep them national defense and compassionate conservative votes coming, ya know.
"...Centuries-long slavery obviously disrupted this classic pathway..."
The what?? What pathway? The pathway that MOST Africans were and had long been on included selling each other into slavery, living in mud (and other soft) huts, cannibalism, no written language, no nuclear family[in short, in NO way were blacks on any "glorious pathway" that approximated what they were introduced to THROUGH slavery.
The slave trade flourished in the Arab World, specifically Western Asia, North Africa, East Africa and certain parts of Europe (such as Iberia and southern Italy) during the period of Arab domination. Those traded were not limited to a certain color, ethnicity, or religion and included Arabs and Berbers, especially in its early days during and the earlier generations after Mohammed.
During the 8th and 9th centuries of the Islamic Caliphate, most of the slaves were Slavic Eastern Europeans (called Saqaliba). However, slaves were drawn from a wide variety of regions and included Mediterranean peoples, Persians, Turkic peoples, peoples from the Caucasus mountain regions (such as Georgia, Armenia and Circassia) and parts of Central Asia and Scandinavia, English, Dutch and Irish, Berbers from North Africa, and various other peoples of varied origins as well as those of African origins.
Toward the 18th and 19th centuries, the flow of slaves from East Africa increased with the rise of the Oman sultanate which was based in Zanzibar. They came into direct trade conflict and competition with Portuguese and other Europeans along the Swahili coast. The trade was officially abolished in 1970, although it is still going on in Islamic Africa, and through other more selective means by many in Saudia Arabia and immigrants to the West in other forms closer to indentured servitude.
Sad, is it not, that we all to often fail to acknowledge cold facts that are painful but nevertheless, true. We must push forward without heaviness, without blame, and we must stop the excuses and the hand wringing. Reality is only the crucible for future achievement. Neither the past, the present, or the future is likely to give us perfection, but as we seek to build a better world, let us not cloud history and our association to it with imaginary structures. Think about it clearly folks, just when DID this history thang begin? And who enslaved whom first on this evolutionary-go-round?
Tilting at windmills, is how an inspired poet once put it.
THE US CONGRESS SETS a federal budget every year (Before Obama*) in the trillions of dollars. Few people know how much money that is so we created a breakdown of federal spending in simple terms. Let’s put the 2011 federal budget into perspective:
* US income: $2,170,000,000,000
* Federal budget: $3,820,000,000,000
* New debt: $1,650,000,000,000
* National debt: $14,271,000,000,000
* Recent budget cut: $38,500,000,000 (about 1 percent of the budget)
It helps to think about these numbers in terms that we can relate to, so let’s remove eight zeros from these numbers and pretend this is the household budget for the fictitious Jones family:
* Total annual income for the Jones family: $21,700
* Amount of money the Jones family spent: $38,200
* Amount of new debt added to the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Amount cut from the budget: $385
So in effect last month Congress, or in this example the Jones family, sat down at the kitchen table and agreed to cut $385 from its annual budget. What family would cut $385 of spending in order to solve $16,500 in deficit spending? It's a start, although hardly an easy solution.
Now after years of this, the Jones family has $142,710 of debt on its credit card (which is the equivalent of the national debt). One would think the Jones family would recognize and address this situation, but it does not. Neither does Congress.
The root of the debt problem is that the voters typically do not send people to Congress to save money. They are sent there to bring home the bacon to their own home state. To effect budget change, we need to change the job description and give Congress new marching orders.
It will be brutally hard, but not impossible, to reverse course and to insist the government stop borrowing money from our children and spending it now. In effect, what we have is a reverse mortgage on the country. The problem is that the voters have become addicted to the money. Moreover, the American voters are still in the denial stage, and do not want to face the possibility of going into rehab…
* Neither Congress nor POTUS have offered up a budget these past two fiscal years, contrary to constitutional and traditional mores.