Tag: Keynesian stupidity

UNEXPECTEDLY! They spend a shitload again

We have had discussions here about the fact that the Obama administration has presided over an unprecedented growth of deficit spending and US debt. Most of us have pointed out things are not good and heading in the wrong direction. Some have argued otherwise. This administration looks like it wanted to settle the argument once and for all:

WASHINGTON (AP) — The federal government ran a bigger deficit in January, pushing the imbalance so far this budget year up 6.2 percent from the same period a year ago.

The Treasury Department said Wednesday the deficit for January stood at $17.5 billion compared to $10.3 billion a year ago. For the first four months of the budget year that began in October, the deficit widened to $194.2 billion from $182.8 billion during the same period last year.

The budget deficit has gradually narrowed since 2012, which was the fourth straight year in which it topped the $1 trillion mark. The improvement reflects the country’s economic recovery from recession. The government is seeing higher tax revenues as people go back to work and smaller payments for safety-net programs such as unemployment assistance. It also represents efforts by Congress to control deficits through higher taxes and across-the-board spending cuts.

First off, the AP political hacks are full of shit when they pretend there has been an economic recovery of any kind. These assholes have been playing fast and loose with the numbers for 6 years now to convince people that the idiotic tax and spend, big government nanny-state, central planned practices favored by the collectivists in charge, actually work. But the facts are that the only people doing well are the super-rich and the freeloaders. And of course the political class has really raked in the dough and drastically expanded their ability to lord it over us serfs. The middle class however, is getting hammered. The number of employed people in this country is at an all-time low, and the trending shows that it will go lower despite all the efforts to pretend otherwise. The number of freeloaders has also hit a new record, and the trending shows that it will continue to go up. The really rich, the people the left loves to pretend to hate, are raking in the cash. The country is being invaded, by design, and with help from the nanny-state entities in our government that want to fundamentally change the balance of power by making the freeloader class undefeatable at the polls. That’s “social justice” and the signs of an economic recovery for the left I guess.

Recovery my fucking ass. And the government is raking in a ton of cash in taxes despite their actions and efforts, mostly by fucking over businesses and the upper middle class. The point that should never be lost is that the left will never lower spending. These excuse makers responsible for this propaganda piece masquerading as news all but admit that they are cool with the insane jump in spending, because the tax revenue is up! The label “Tax and spend” is absolutely accurate. I bet they saw a projected 3% jump in revenue, so they did a 6.2% jump in spending. That’s what leviathan does.

We need to get rid of the collectivists and dismantle the “vote for a living” state they have created before the whole house of cards comes tumbling down.

Self immolation 101.

In a stunning display of how unconcerned and unrealistic the left really is, a too large majority of the people that live off the labor of the productive, voted to keep the gravy train speeding down the tracks towards the collapsed bridge. The winning ticket?

Sunday’s election capped a stunning comeback for Hollande, whose career appeared to be all but over after he left the leadership of the Socialist Party in 2008.

It also marked the end of a year-long campaign for the veteran politician, who won his party’s internal primaries in October of last year, establishing himself from the start as a moderate left-winger with the best chances of appealing to centrists and beating Sarkozy.

In an often bitter presidential campaign, Hollande promised to hire more staff to boost France’s state education system and to reduce the retirement age from 62 to 60 for people who have completed a minimum 41 years of work.

He also pledged to raise taxes on the wealthy and balance the country’s budget by 2017.

And while both the far right and Sarkozy adopted an anti-immigration stance during the campaign, the Socialist candidate stood by a promise to give foreigners the right to vote in local elections.

Short explanation: fuck reality, give us more free shit. I guess as a true collectivist he doesn’t even feel obligated to pretend otherwise when he points out that the only way for him to address the massive unemployment in France is to create more government jobs. If you are one of these idiots that believe government is the center of the world expanding the already bloated bureaucracy makes sense, I guess. The people that voted for more pork they can not afford sure as hell seem to feel that work is for idiots. While some might find that minimum 41 years of work requirement clever considering France’s unemployment amongst those 26 and younger is close to 25%, the fact remains that the retirement age of 62 itself was already draining the system. Just like the left in the has been pushing to give the ability to vote to people they know depend on their handouts, making a special effort to target illegal immigrants, it looks like Hollande believes the key to perpetual power resides with letting these moochers vote.

The problem that the moochers face however is that the real world doesn’t tolerate stupid and plans to ignore reality have a cost. But don’t you worry: the collectivists know whom the enemy is!

A Robert A. Heinlein quote that’s, if you will pardon my French, apropos for the situation is:

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.

This is known as “bad luck.”

Why bother? Gimme what I want and let the other people pay for it! That’s social justice in a nut shell. C’Est la vie.

Lesson of the day..

Ineptocracy –
(in-ep-toc’-ra-cy) – a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

If you still doubt that’s where we are at after the last 3 years and the gloabl revelations of the disfunctional nanny state, then I have real estate on the sun to sell you.

What to do when the left calls Romney an out of touch rich guy..

Look, I am not very enthused about Romney, but that’s the guy that I am stuck with, and as I have repeatedly said, I would vote for anyone other than a child molester over Obama. However, the I am incensed by the left’s current attempt to create the narrative that Romney is an out of touch rich guy, and hence will do worse than the community organizer in chief and his cadre of crony capitalists, tax dodgers, and in general, criminal Marxist sycophantic assholes that have spent the last 3 years destroying our country.

Why is being rich suddenly such a bad and evil thing? Shit, in the election before the inexperienced used car salesman that promised “Hope & Change”, then left everyone hoping they could keep some of their change, the left ran a guy that is just as rich, if not richer than Romney, and that America hating asshole, whom spent the entire campaign telling us how he was a great warrior while ignoring his sordid history and all the cavorting with the enemy once he decided to go into politics, got rich by marrying the widow of a guy that worked to make his fortune.

Why are the only rich people that are evil the ones that do not subscribe to and peddle the class warfare nonsense that the left uses to gin up envy and jealousy from the sheep that are not bright enough to see they are actually being played by snake oil salesmen? Fuck, Kerry, an avid class warrior and one of the lame asses saying the rich need to pay more taxes to help keep the big nanny state in business, has been caught repeatedly trying to avoid paying his fair share! From Yacht gate to pretending the money is in his wife’s name so he should get a pass that it is all hidden in tax free shelters in the Caribbean, this moron, like many/most of other asshole class warriors on the left, has continuously been caught not practicing what he preaches.

Romney, on the other hand, made his fortune the hard way: he worked to earn it, outside of government and the power that kind of leverage gives you to steer tax payer money to your wallet, like many of the politicians on the left that are the most vocal about Romney’s wealth now have done for the last few years, and was not always a rich guy. Compared to John Kerry – that’s the tool that married a rich old broad whose husband had made his money working hard – Romney is a f-ing genius. Yet, the left now is making a big ado about how Romney is the one that is out of touch because he is rich.

Why didn’t we get any of that class envy and propaganda about how being rich made you not just out of touch, but unable to lead effectively, when mister “Did I tell you I was in Cambodia and won 3 purple hearts” was running for president back in 2004 from these leftists twits, huh? The next time some imbecile tries to tell you how Romney is not going to do as good of a job as the people that now have to rely on hit job after hit job by their propagandists friends in the LSM distract you from the abysmal and disastrous economic damage they have caused in the last few years, remind them that we never heard any of this about Kerry. Look over there: racist, women hating, people that want to push grandma off the cliff and laugh at you while they eat caviar and drink champagne while you have to feed your poor kids Ketchup soup! But back in the Kerry campaign days, it was all about how great this imbecile that got rich by the virtue that he managed to convince the old broad that inherited the financial windfall the guy that owned the company that sold Ketchup made, was.

Class warfare and envy of the rich is for idiots. Especially the ones that illogically give a pass to rich people that parrot the collectivist class envy talking points, but then do not follow the rules they put in place to penalize others, but think the ones that tell them to go earn their own money are bad. Romney has issues, but being rich is not one of them: the fact he was successful in business and became rich is an asset. America needs a lot less of the people that think success should be determined by government. Let’s hope Romney is one of those people. Obama and the marxists he represents, certainly have proven they aren’t the answer.

THIS!!!!

The stock market seems to be pretending that the economy is doing good, but people are not buying this bullshit:

With the Dow Jones Industrial Average moving past 13,000 toward pre-financial-crisis highs, the conventional wisdom is that the stock markets expect a robust economy soon — just what President Obama needs to guarantee his re-election this fall.

Not so fast.

Yes, the economy may be improving after its anemic growth in 2011, which is better than a double-dip recession for a president seeking a second term. Stock prices — traditionally a good indicator of future growth — have been rising.

But much stock market “strength” appears to have less to do with a firm investor consensus that the economy is about to take off and more to do with technicalities.

For starters, returns on bonds are rock bottom, thanks to the Federal Reserve’s policy of keeping interest rates near zero. That forces many professional traders to bid up stocks.

Plus, while the pros these days cruise in and out of the markets at lightning speed and with no purpose other than to make a quick buck, the average investors who’ve traditionally used the markets to save and invest for retirement seem to have come to a far different conclusion about the markets’ prospects.

Main Street is ignoring the market’s rapid rise, no matter how much money the pros are making. Rather than investing in the much-hyped Obama recovery, small investors are giving it a big, fat thumbs down.

I keep getting told by the LSM and leftists that things are getting much better and full recovery is right around the block. Then we discuss jobs and growth, and they all admit that when you look at the real numbers, not the crap they peddle, things are bleak, if not downright messed up, and will remain so for a long time. These two things completely contradict each other and the narrative that the economy is soon to start flying again.

We keep getting told by the LSM that unemployment is dropping! That’s a sure sign things are getting better, right? Not so fast. If the occupier at 1600 Pennsylvania Ave had a (R) by his name, do you doubt that the LSM would be pointing out that drop is primarily caused because so many people no longer can get unemployment and have been dropped off the ledger? What about the fact that when you do statistical comparisons you see that we have one of the largest number of unemployed and under employed in the past century? Let’s not forget the massive swelling of the ranks of people on the dole in the last 3 years. The LSM and the left would love for you to think it is all someone else’s fault, and that what the retarded collectivists that have been making decisions in the last 3+ years have done has no impact, but you have to be a moron or a progressive – same thing I know – to fall for that nonsense.

If the average investor doesn’t think Obama is producing economic recovery, then the president may be in ever bigger trouble come November than his low approval ratings suggest.

That’s exactly why we are getting bombarded by the LSM with bullshit about everything but the current economic conditions and the actual actions of the people that have been running the country for the last 3+ years, unless they can also blame someone else for things going bad. The American public however is catching on, and even the most hard core leftists knows these clowns have been an epic fail, even if they are not admitting that, and that’s going to hopefully make sure that we get a real change and finally some hope come November.

Hindsight is 20-20, and progressive stupid is forever

And I have no doubt that Barney’s claim that he told Obama to not push for the government takeover of healthcare seems a lot like this tool is again trying to dazzle people with his bullshit. Monday morning quarterbacking, and a piss poor attempt at it at best:

Rep. Barney Frank, D-Mass., said he advised President Obama against taking up health care reform following a special election in 2010 that changed Democrats’ fortunes in the Senate, saying that he should have instead turned his focus to financial reform.

Frank referenced former President Bill Clinton and his failed health care plan from the 1990s. “Obama made the same mistake Clinton made,” Frank said in a wide-ranging interview with New York magazine. “When you try to extend health care to people who don’t have it, people who have it and are on the whole satisfied with it get nervous.”

The outgoing representative from Massachusetts added that after Republican Scott Brown won former Sen. Edward M. Kennedy’s seat, breaking Democrats’ filibuster-proof majority, Obama should have backed down: “I think we paid a terrible price for health care. I would not have pushed it as hard. As a matter of fact, after Scott Brown won, I suggested going back. I would have started with financial reform but certainly not health care,” Frank said.

Ya think? What a crock of shit. The problem wasn’t just with how democrats went about screwing all Americans by passing & straddling us this monstrosity. The LSM and the left have done a good job at covering up all the nasty and dirty bits. How often do we hear about all the bribes and back room deals, again at the tax payer’s expense, that where needed to buy off enough democrats to go along with this horrible piece of legislation? And don’t you dare remember how we were told we had to pass it to see what was in it too! Or about the fact that a bunch of leftist twits convinced themselves that it was constitutional for the government to force Americans to buy something they wanted and are now acting like a spoiled child that was told no dessert before they eat their broccoli.

Then there is the massive list of special interest with exclusions. No, I am not talking about either our political class or their union friends that automatically got exemptions so they could keep their plush coverage. I am talking about the people that had to bribe or pay off democrat politicians, I mean make their case for the exclusion, right, in order to avoid the consequences of this disastrous policy, which not only will damage quality and access to healthcare for most Americans, but is constructed in such a manner that it not only is dependant on unconstitutional mandates to force citizens to pay for it, but is assured to fail. And I think that failure isn’t seen as a bad thing by the left, but a feature – a way for them to guarantee that they get the single payer system they would otherwise never get people to go along with in this country. More too big too fail in action.

Now you have tools like Frank complaining about how the left should have focused on the economy. Finally an admission that from the top down this was never, ever a priority with these assholes, despite their claims to the contrary. The proof is in the legislation they passed. Things like Obamacare and the stimulus

That’s why we have a lost economic decade - if we are so lucky I should add, because if we do not end the crap that these leftists are doing it will be even longer - where most Americans that produce wealth, lost out, as massive quantities of wealth was simply destroyed. Yeah, blame Bush. But the fact is that it was neither our leaders during the Bush era acting like liberals when spending, nor the wars we were forced to fight, and certainly not the bullshit about how tax cuts deprived poor government of it’s money as the insane and stupid envy mongers push, but the culmination of insane leftists social engineering policies finally coming up on reality and crashing & burning, that started the economic problems. What followed, the insane government spending and the growth of the nanny state, is what exacerbated it, and all but guaranteed us a long period of pain.

The only people that made out in the age of Obamanomics are the free loaders and the politicians that gain power by buying their votes with tax payer money. And we remain constantly assailed with more ridiculous and divisive class envy politics, intended to distract people from the reality of how disastrous the massive deficit spending and policies of the last 3 years have been, as Obama and the democrats remains focused on meaningless policies like the Buffet rule, free contraceptives, and racialist nonsense to distract the average Joe. I have no doubt that neither Obama nor the democrats can run on their “accomplishments”, that’s in quotes because most of us sane people consider the things we got from Team Blue to be unmitigated disasters: hence the circus atmosphere the LSM is helping them get away with.

Barney, you are offering too little too late. Likely because you are pissed you had to give up your lucrative deal milking the tax payers for all it was worth. Obamacare wasn’t the only thing the left fucked up on, although it certainly is the biggest of them, when you all dropped the ball on the economy. Then again, I am not sure what you think that you leftists would have done to better the economy. Stimulus Part Deux wasn’t going to fix anything, and I can not think that people that believe all solutions and answers come from government, and only government, would have done anything that would have helped the economy, either in the short or long term, in any way or form. And that’s what people need to remain focused on.

Count this as a blessing

What “this” am, I referring to in the title? Well, the revelation that the 112th Senate, run by Harry Reid, has been a do-nothing chamber for the last year or so:

For those who need proof that the Senate was a do-nothing chamber in 2011 beyond the constant partisan bickering and failure to pass a federal budget, there is now hard evidence that it was among the laziest in 20 years.

In her latest report, Secretary of the Senate Nancy Erickson revealed a slew of data that put the first session of the 112th Senate at the bottom of Senates since 1992 in legislative productivity, an especially damning finding considering that it wasn’t an election year when congressional action is usually lower.

For example, while the Democratically-controlled Senate was in session for 170 days, it spent an average of just 6.5 hours in session on those days, the second lowest since 1992. Only 2008 logged a lower average of 5.4 hours a day, and that’s when action was put off because several senators were running for president, among them Hillary Clinton, Barack Obama and John McCain.

On the passage of public laws, arguably its most important job, the Senate notched just 90, the second lowest in 20 years, and it passed a total of 402 measures, also the second lowest. And as the president has been complaining about, the chamber confirmed a 20-year low of 19,815 judicial and other nominations.

The Secretary of the Senate’s office didn’t comment on the statistics, but it did provide a comparison to action in 2009, the first term of the 111th Senate, when many of President Obama’s initiatives were considered by the Democratically-controlled House and Senate. By comparison the number of Senate bills offered last year was down 30 percent, the number of amendments offered sank 55 percent, and the number of roll call votes dropped 40 percent.

I say count your blessings indeed. Yeah, Reid and his gang of thieves have made sure we haven’t had a real budget for 3 years and going now – so the American people wouldn’t have an accounting sheet of the massive overspending and waste that the left has engaged in during the last 3 years with much, much worse to come – or had another stimulus patronage bill that funneled a trillion dollar of tax payer’s money to democrat & democrat friendly operatives, lobbyists, friends, organizations, and campaign coffers. But other than that sort of travesty, which we had a ton off for the first 2 years of Team blue’s rein of terror, these bastards have not stuck is with other damaging lefty policies that will destroy our country and economy, like Obamacare does for example, in order to fool idiots that want free shit paid by others, to vote for them.

Seriously, having congress do less is good for the country. Having democrats do less, or nothing at all, is doubly so. Count your blessings that these lazy bastards do nothing. Of course, when Obama speaks of the do-nothing congress and pretends it is the House, which is controlled by the other party, make sure to point out the hypocritical bullshit and how the LSM will just parrot that nonsense in a manner that would have made the old order that ran the USSR proud of that propaganda arm back in the day.

The best reward for these bastards? Send as many of them as possible back home. Let them go screw over the bastards that stuck us with them directly and not while screewing us too.

Stimulus update

If it costs, on average and pulling it off the top of my head, over $600K per job created by the stimuluspatronage bill, then I guess nobody should be surprised that it also cost us tax payers $205,075 to ‘Translocate’ One Shrub from Path of Stimulus Project in glorious People’s Republic of San Fran, where Queen Pelosi reigns supreme:

(CNSNews.com) — The government spent at least $205,075 in 2010 to “translocate” a single bush in San Francisco that stood in the path of a $1.045-billion highway-renovation project that was partially funded by the economic stimulus legislation President Barack Obama signed in 2009.

“In October 2009, an ecologist identified a plant growing in a concrete-bound median strip along Doyle Drive in the Presidio as Arctostaphylos franciscana,” the U.S. Department of Interior reported in the Aug. 10, 2010 edition of the Federal Register. “The plant’s location was directly in the footprint of a roadway improvement project designed to upgrade the seismic and structural integrity of the south access to the Golden Gate Bridge.

“The translocation of the Arctostaphylos franciscana plant to an active native plant management area of the Presidio was accomplished, apparently successfully and according to plan, on January 23, 2010,” the Interior Department reported.

The bush—a Franciscan manzanita—was a specimen of a commercially cultivated species of shrub that can be purchased from nurseries for as little as $15.98 per plant. The particular plant in question, however, was discovered in the midst of the City of San Francisco, in the median strip of a highway, and was deemed to be the last example of the species in the “wild.”

Emphasis mine on that critical tidbit about how expensive the plant is to replace by just visiting your average Lowes or Home Depot. And yeah, this incredibly wise and noble decision comes courtesy of the same people that believe government should be running our healthcare. My bet is that given the choice between saving people or plants they will opt to save the plants, no matter the cost, over people, under Obamacare. What a freaking waste, but I am sure none of these tools can be bothered to get angry at this waste. After all, it’s not like it was the military that is all wasted money or something like that!

Think the LSM will report this nonsense? Link it to Obama and Pelosi as it should be? Yeah, me neither.

More of the same.

Looks like the house voted on the Bowles-Simpson deficit reduction plan, and went down in flames.

The Bowles-Simpson deficit-reduction plan went down to a crushing defeat in the House late Wednesday night in a vote that damages the one bipartisan proposal that just a few months ago had seemed like a possible solution to the country’s debt woes.

The 382-38 defeat, with just 16 Republicans and 22 Democrats voting for it, marks a bad end to what began nearly two years ago, when President Obama tapped former White House Chief of Staff Erskine Bowles, a Democrat, and former Sen. Alan Simpson, a Republican, to lead a deficit-reduction committee.

Their report has popped up in every deficit discussion since then, but had never gotten a vote in either chamber until this week, when opponents prevailed.

“This doesn’t go big. This doesn’t tackle the problem. This doesn’t do the big things,” said Rep. Paul D. Ryan, Wisconsin Republican and chairman of the Budget Committee. “You can never get the debt under control if you don’t deal with our health care entitlement programs.”

I am with Ryan on this. It was a gimmick, and an obvious one at that, anyway. Not enough cuts, and then decades from now, which means never, and more of the insane jacked up deficit spending for the foreseeable future. Color me unconcerned. There is array of hope though.

The debate came as the House worked its way through its fiscal year 2013 budget plan, which Mr. Ryan wrote.
The Bowles-Simpson plan was offered as an alternative on the chamber floor.

Minutes earlier, the House also defeated Mr. Obama’s own budget, submitted last month, on a 414-0 vote arranged by Republicans to embarrass the president and officially shelve his plan.

Glad to see that go down in flames, and then unanimously. Then again, even if it had passed, Harry Reid, who has made sure the Senate would not produce any budget document that then could be used to show how insane the spending of the last 3 years under the democrats has been, by preventing a bill from being passed for just as long, would have just ignored it anyway. No big loss I guess. However, it seems there was an alternative.

The House also defeated an alternative offered by the Congressional Black Caucus that would have included $4 trillion in additional tax increases on top of those Mr. Obama proposed, and used that money to boost spending on domestic programs. That plan was killed 314-107.

And it went down in flames too. More people, I bet mostly democrats, voted for it than the Obama disaster of a bill, and then, I bet, because it was more spending and more taxes. We are so screwed.

NO WAY!

That big healthcare reform, a.k.a government takeover of healthcare so they can control another 1/6th of the economy thing, Nancy Pelosi told us we absolutely had to get passed, to figure out what would be in it, and would singlehandedly save our economy, by saving us tons of money, all based on what is absolutely the worst scoring requirements put together to make the ugliest pig look like the tastiest slab of bacon, isn’t going to save that measly $125 million or so they promised, even in that rigged scorning, but going to cost us twice as much, now!

President Obama’s national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.

Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO’s standard ten-year budget window and, at least on paper, meet Obama’s pledge that the legislation would cost “around $900 billion over 10 years.” When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.

Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law’s core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That’s because we now have estimates for Obamacare’s first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn’t overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we’re likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.

No fucking way! What the hell changed, huh? The assholes at the CBO finally decided that they HAD to come clean on the fact that they produced obviously bullshit numbers the first time around and now are trying to cover their ass? Look on the bright side: at least we didn’t have to wait until this thing was up & running for the cost to double! Maybe they too had to wait until Pelosi got her wish to find out what was in that boondoggle so they could do some real and honest calculations. Maybe the democrats need to let them know they plan to really control costs by controlling access and making people wait for ever, like all other such government owned systems do? Heh!

So, the CBO decided to come clean and point out they had under estimated the cost of this unconstitutional pile of shit by 100%. Want to bet that the new projected cost for the first decade, that $1.76 trillion dollars, ends up being a fraction of the real cost as well? Don’t worry, they will blame the insurance companies, the private sector, and GWB for the fact that they want to thwart reality, but it refuses to budge. Let’s be honest and point out that Obama’s healthcare takeover plan is that last nail in the coffin and meant to break our economy in a decade, and get rid of it please!