Category Archives: Taxes

Mar 28 0 comments
America, Barack Obama, Children, Demographics, Elections, Financial Crisis, Government, Lawsuit, Markets, Orwellian, Poverty, Radicalism, Shortages, Tactics of Domination, Taxes, Tea Party, Wall Street, Wealth, Women

Bernanke Cast Doubts On Administration’s Jobs Claims

obama

President Barack H. Obama

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 election—note their relative inattention to Bernanke’s speech—very 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 2012—even 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 numbers—caused mainly by a slowing of layoffs—as 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.”

Read it all at American Thinker.

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 liberty—its very way of life. He doesn’t seem to care to whom he hands off a weakened America—could 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.

Countdown to creation in a bloodless dream…

Aug 06 0 comments
Demographics, Deportation, Dollar Crisis, Federal Government, Food Shortages, Peace, Poverty, Serfdom, Shortages, Tactics of Domination, Taxes, US Congress, US Constitution, Wall Street

Forgive Us Our Debts

Ostrich

The Ostrich Revolution

FATHOM A FEW FACTS about our flipping national debt. LBJ’s Great Society and a few other distractions—like the Vietnam war—stormed 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 Authority—The 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 Clinton—who was forced to accept the budgets from the Republican-dominated House. In addition—Clinton 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 taxes—is 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.

Aug 05 1 comments
Demographics, Dollar Crisis, Federal Government, Financial Crisis, Government, National Socialism, Poverty, Serfdom, Shortages, Tactics of Domination, Taxes, US Congress

National Debt Made Simple

Budget In Toilet

US Budget is in the Toilet…

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…

—Marco Nolo

* Neither Congress nor POTUS have offered up a budget these past two fiscal years, contrary to constitutional and traditional mores.

Mar 04 0 comments
Financial Crisis, Government, Markets, Nationalization, Oil, States' Rights, Taxes

Piercing The Political Tick

Found this sharp stab at political consciousness at American Thinker in a few words posted by AWARE54397:

It won’t matter if gold and oil are pumped out of the ground in record quantities, there is no recovery, no “rebound”. The problem is the same as the Soviets, who despite huge natural resources and a willingness to exploit them much more ruthlessly than we, continued down the road of want, shortage, and economic oblivion. Our problem is political not economic. The political class runs the economy and it is that simple. The political tick is now bigger than the economic dog. Do you think any benefits derived from increased oil production won’t be siphoned off by the usual political bandits through the instrument of wealth destruction called government for the enrichment of the favored cronies?

Until the scope and power of government is severely curtailed no amount of wealth will change the worsening economic picture. With more government than we can afford the profit will always go to support it, not us.

Damn. I wish I had written those two paragraphs. Perhaps these also apply:

Mr. Obama is exactly what he has proclaimed he is many times over, and that is a “Citizen of the World”; a Globalist. A Globalist, who is familiar with and identifies more with Muslim culture than Judeo-Christian culture. Those people who refer to themselves as “Citizens of the World”, or as “Global Citizens” believe the United Nations should be the sole arbiter for every international solution (i.e. AGW). It is the United Nations Agenda 21 which we are seeing being implemented in this country in a gallop under this administration.

These Globalists are the new NAZI movement except that instead of being nationalists they are internationalists. It is an international socialist movement which embraces the same totalitarian goals which Islamofascists pursue. Both are theo-political belief systems and constructs.

The parallel is that the Globalists are the new NAZI Party and the Islamofascists are the new Italian Fascists from WWII. Guess who gets to play the new Jew? The Conservative Constitutionalists, and Judeo-Christians get the role of the European Jew of WWII.

I hope that answered your question. Now have a “rooping” good day.

Jan 13 0 comments
Government, Taxes

STRAIGHT FROM LUDWIG VON MISES

FOR A WELL-REASONED and well-written treatise on the virtues of property ownership as the salve for what curses us as a people in constitutional crises, check out this essay…

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