Obamanomics

Obamanomics: Not Smarter Than a Cave Man (or JFK)

Obamanomics

One thousand, four hundred and twenty four…that’s the number of days that have passed since the Democrat-controlled Senate performed their constitutional duty to pass a budget, more than a year before the ubiquitous iPad was invented. Judging by the contents of that budget, we can see why Democrats were scared to reveal their plans before Obama was safely re-elected and no longer accountable to the voters. It is unbridled recklessness that passes for the Democrat budgeting process.

Such sheer irresponsibility reminds me of P.J. O’Rourke, the civil libertarian who once said “Giving money and power to government is like giving whiskey and car keys to teenage boys.” Admittedly, it is not fair to compare elected Democrats to drunken teenage boys who, even with a fleet of cars and a swimming pool filled with whiskey could not hope to achieve as much damage as is being done by Democrats right now.

The Senate budget demands nearly one trillion dollars in new tax increases, on top of the nearly $700 billion already conceded by Republicans just a few months ago in the “Fiscal Cliff” deal. An almost equal amount would supposedly be cut from spending, but considering the bait-and-switch tactics that have become the modus operandi for Democrats, it is hard to believe that those cuts would ever come to fruition.

Common Sense After a Close Election

“Now let’s pull up our socks, wipe our noses and get back in this fight.”

After listening to ten days of hand wringing and doom saying from the usual suspects that Republicans must abandon our principles if we are to survive, we need a little of Mark Twain’s common sense.  I suggest we all take it to heart.

He said, “We should be careful to get out of an experience only the wisdom that is in it — and stop there; lest we be like the cat that sits down on a hot stove-lid. She will never sit down on a hot stove-lid again — and that is well; but also she will never sit down on a cold one anymore.”

So it is in that spirit that I will begin with three incontrovertible truths about this election.

First, the same election that returned Barack Obama to the White House also returned the second largest House Republican majority since World War II - bigger than anything Newt Gingrich ever had.

Second, according to polls before, during and after this election, the American people agree with us fundamentally on issues involving the economy, Obamacare, government spending, bailouts - you name it.

Third, the American people are about to get a graduate level course in Obamanomics, and at the end of that course, they are going to be a lot sadder and a lot wiser.

That is not to say that there aren’t many lessons that we need to learn and to learn well from this election, particularly here in California.  But capitulation is not one of them.

The Case for a Romney Presidency

Romney

On Wednesday night, Americans were treated to the first of three presidential debates, focusing primarily on the economy. For many Americans, this was their first opportunity to see an unbiased, objective view of Governor Mitt Romney, one untainted by the press, which has discarded all pretense of journalistic integrity and instead rabid Obamamaniacs (some of this is subtle, like the stories the media choose to cover and how they cover them, and others are more blatant, as when MSNBC was busted recently editing video to make it appear Romney was pleading with a crowd to cheer for him, in order to make him look weak and pathetic). For Obama, having the media on your team is like being an NFL team where the referees make all the calls in your favor.

To date, Governor Romney has failed to take advantage of a plethora of evidence supporting the argument against the re-election of the president; high and sustained unemployment, slowing GDP growth, chaos in the Middle East as his foreign policy goes up in flames. Likewise, Romney has largely failed to make the case for his own election by touting his success in private enterprise, as a governor, and as a humanitarian. His failure to do so has been inexplicable. However, on Wednesday he went on the attack from the first moment, respectfully but firmly challenging the Obama narrative that the pliant media has dutifully parroted. The effect was noticeable, with Obama rarely looking at Romney, often smirking and sighing, and just looking irritated that anyone would challenge his greatness.

Tax the Rich: Play It Again, Sam…

Barack Obama

The problem with liars and obfuscators is that, over time, it becomes increasingly difficult to keep your story straight. Nowhere has that been more evident than in the Obama administration. Is it a tax or is it a penalty (Obama’s Solicitor General argued both sides on consecutive days before the Supreme Court in order to get the ObamaCare law upheld). Is marriage an institution pre-dating government which unites a man and a woman in a spiritual and legal union, or an oppressive anachronism based on antiquated definitions of morality? Obama has argued both sides. Are massive deficits “unpatriotic,” as he accused George Bush of being, or is it a way to stimulate the economy, as he now claims? If you like your health insurance plan, you can keep it under ObamaCare, right? Maybe not, as Obama now admits that nearly three quarters of current insurance plans will fail to meet new government standards. Is the Guantanamo Bay terrorist detention facility the symbol of America’s violation of basic human rights as Obama repeatedly claimed? If so, then why is it still open nearly three years after he promised the doors would shut?

Quote of the Day: Jay Leno’s joke Obama’s golf game and his real handicap

Obama golf cartoon

The folks over at the Media Research Center captured this hilarious joke from The Tonight Show. Jay Leno was doing his usual monologue, cracking jokes about recent news stories, when he brought up President Barack Obama’s recent golf game with Tiger Woods.

“Tiger said the President is a very good golfer for a guy who only plays five days a week,” Leno mentioned to an amused crowd. “Actually, you know what the President’s handicap is? Doesn’t understand economics.”

The audience busting out laughing and clapping in an agreement. While it was a funny jokes, Americans are learning about Obamanomics and all of the deficits and slow economic growth it’s bringing them.

Tim Carney on the Global Subsidies Race

See Video

Biden: Wall Street will “put you all back in chains”

Joe Biden

Vice President Joe Biden isn’t know for being a soft-spoken guy. Let’s face it, he is pretty gaffe-tastic. During a campaign stop yesterday, Biden told the crowd, “With you, we can win North Carolina again.” The only problem was that he was in Virginia, another crucial swing state. While this makes for a good laugh at Biden’s expense, there was also a pretty pathetic shot taken at the Romney-Ryan ticket and Wall Street.

During his remarks, Biden told supporters that Wall Street is going to put Americans “back in chains” if the Romney-Ryan ticket manages to win in November:

Vice President Joe Biden, speaking at a rally at the Institute for Advanced Learning in Danville, Va., said GOP presidential candidate Mitt Romney and his running mate, Rep. Paul Ryan (R-Wis.), are going to put the American people “back in chains.”

Biden said Romney promised in his first 100 days to “let the big banks once again write their own rules–unchain Wall Street. They’re gonna put you all back in chains,” Biden said.

Biden explained that his father used to say, “Don’t tell me what you value. Show me your budget, and I will tell you what you value.”

“Don’t tell me you value women in the workplace and don’t hire any women. Don’t tell me you value – and so on. Well let’s take a look, because now we got a real clear picture – we got a real clear picture of what they all value. They’ve said it,” Biden said.

Employers post fewer job openings

Remember that time when President Barack Obama said the “private-sector is doing fine”? Apparently, the private-sector hasn’t received that memo. According to new numbers from the Bureau of Labor Statistics, employers posted the fewest number of job openings in five months:

The Labor Department said Tuesday that job openings fell to a seasonally adjusted 3.4 million in April, down from 3.7 million in March. The March figure was the highest in nearly four years.

The decline could mean employers are growing more cautious about adding workers in the face of financial turmoil in Europe and slower growth in the United States. Job openings can take one to three months to fill.

There were 12.5 million unemployed people in April. That means there was an average of 3.7 people competing for each open job. In a healthy job market, the ratio is usually around 2 to 1.

Openings have risen by almost a third since the recession ended in June 2009. But they are still below pre-recession levels of about 5 million per month.

April’s decline in openings has coincided with a sharp slowdown in hiring. Employers added an average of only 73,000 jobs in April and May. That’s down from an average of 226,000 in the first three months of this year.

FreedomWorks responds to Barack Obama

Yesterday, I wrote about President Barack Obama’s hypocrisy about political discourse due to comments he made in a recent interview with Rolling Stone. Apparently in that same interview, President Obama also took shots at FreedomWorks, one of my favorite pro-free market organizations:

There’s no doubt that the infrastructure and the financing of the Tea Party come from some very traditional, very powerful, special-interest lobbies. I don’t think this is a secret. Dick Armey and FreedomWorks, which was one of the first organizational mechanisms to bring Tea Party folks together, are financed by very conservative industries and forces that are opposed to enforcement of environmental laws, that are opposed to an energy policy that would be different than the fossil-fuel-based approach we’ve been taking, that don’t believe in regulations that protect workers from safety violations in the workplace, that want to make sure that we are not regulating the financial industries in ways that we have.

FreedomWorks fired right back:

Summer of Wreckovery

The folks over at the Heritage Foundation are having some fun with the Obama Administration’s “Summer of Recovery” tour:

As the summer begins to wind down, many are beginning to take a second look at the grandiose promises made by the Administration about this summer before its start. While this “Recovery Summer” was lauded as the must-see event of the summer, the reality failed to match the rhetoric.[…]

[T]he entire proposition was doomed from the start. Plans planted in flawed Keynesian economics will not bear any fruit. Our latest video exposes this failure, highlighting the Administration’s continued attempt to pass off failed economic policies as successes.

The government is not a reliable engine of economic growth. That engine has historically been—and will continue to be—the private sector.

Here is the video:


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