Posted on 10/22/2009 12:20:56 PM PDT by JohnRLott
Obama's nitwit leftist economics will delay or stall recovery until he's out of office. I know there's plenty of people in America who work hard to overcome any governmental roadblocks placed in their way, so I'm not totally pessimistic. But the tragedy is that the market would fix things if let alone. That won't happen under King Barack. Or should I say Commissar Barack?
Obamao could care less about America’s unemployed. As long as he can get away with the mop routine, cleaning up Bush’s mess, and all his cowardly hype, Obamao can continue to destroy our economy without pressure to initiate sensible pro-growth policies that conflict with his dictatorial goals.
wow, where’s this chart from?
Please do me a favor and tell me what I am looking at in your chart. I don’t want to think I understand it, I want to fully understand it. Thanks in advance.
What JOhn Lott’s chart is showing is that huge increase in government spending (AKA stimulus money) DO NOT necessarilly correlate to decreased or smaller increase in unemployment.
So how’s that “hope and change” working out for you?
That would make a great rap song.
cant become the Socialist States of America with people getting jobs in the private sector. Destroy everything so the government gets it all, then we can get green jobs and community service jobs. However if your white your screwed, the oppressed get all those jobs first or at least thats what Van Jones told us.
Let’s see, if you own a business right now, with all of the uncertaintly regarding health care reform, potential increases in taxes to support health care reform, potential costs associated with cap & trade, would YOU hire anyone?
Of course not, it would be stupid. Obama knows this but doesn’t give a damn. This is his one chance to “fundamentally change America”. To hell with the economy and unemployement.
The biggest disgrace is that the media doesn’t report that that is what is happening.
That is because other countries do not have Barack Obama as their President.
Yes I understood what the graph was depicting. What I wanted to confirm was what the vertical and horizontal numbers were saying. The chart you posted confirmed that I was interpreting the graph axes numbers correctly. Thanks.
Obama and his Democrat congress are bad news, but the employment picture is more complicated than this article states. The closer a nation is to true capitalism, the faster it will lose jobs in a downturn (Try to fire or lay somebody off in France).
We are fast becoming a banana republic that is for sure...
1 million Obama dollars for a loaf of bread soon...
But all that said not one single Democrat is talking about doing anything serious to get this spending under control. They are intentially bankrupting the country.
The only question will be how long will the republic hold together after the fall of the dollar?
As I sit here at 5:18 AM in the morning in Shenzhen, China (I live half my life in China), waiting for a telecon with a US client in a few minutes, I thought I'd reflect on your statement vis-a-vis "Communist China" and "capitalist America":
- In "Communist China", unemployment insurance is unheard of. You lose your job? Tough - no money for you at all, go get a job. In "capitalist America", we're considering extending unemployment benefits to two YEARS.
- In "Communist China", there isn't socialized medicine. If you don't have cash-up-front, you don't get help. Broken arm, no money? The hospital will give you a phone to call a friend or family member to come down and pay before your bone is set. In "capitalist America" you get service whether you can pay or not, and we're going to extend that to routine checkups.
- In "Communist China", there aren't food stamps. No money, no job? You starve. In "capitalist America" we give food away without proof-of-need.
- In "Communist China", no money for a house? You live on the street or find a friend or relative to take you in. Government will not give you a house or a place to live. In "capitalist America" we give massive subsidies not only for apartments but for purchase of houses, without proof-of-need required.
- In "Communist China" there aren't any jobs guaranteed. The entire country is "at will" employment, no unions, no Government "make work" programs. In "capitalist America" we allow unions to protect the dimmest and the worst from losing their job, and will hire more-and-more into Government payrolls.
- In "Communist China", the Government will give you fair market value for any property condemned via eminent domain. You get to have real estate agents offer the value, and the Government pays that value. In "capitalist America" the Government will set its own value and you either accept or lose everything.
- In "Communist China", you can pass on every last cent you had when you died. No estate tax. In "capitalist America" we not only take 55% of everything beyond $1 million, we're looking to take 55% of EVERYTHING once you die.
- In "Communist China", the Government does not tax a single dollar that is earned outside of China. You make your money overseas? No taxes. In "capitalist America" the IRS wants "its fair share" of every dollar you make regardless of locale or even if you paid taxes in a foreign country.
Seems to me that - on the face of it - "capitalist China" is a lot less socialist than "Communist America", and the trend is NOT getting better...
“If you want news about our nation, I guess you have to go to Fox to get it.”
Actually, news from Asia, Australia or the UK pretty much cover what’s REALLY going on around here...FNC does an OK job, but still not the best. ;)
Not only that, the fed goobermint is swelling its ranks and spending....lots of pork fat needs to be eliminated from the 150,000+ goobermint agencies, departments and spending programs.
Increase the cost of hiring employees by increasing taxes, mandating that business pay higher benefits packages for unemployment, workers comp and health care.
Support unions so that they can force employers to pay wages above the market rate.
Increase income taxes on corporations and individuals to kill incentives to start or expand business.
Place restrictions on domestic energy production which both increases energy costs and stagnates job growth in energy related businesses.
Have massive increases in deficit spending that sucks capital from the private sector and kills the currency (thus squelching investment in your country).
Nationalize industries which results in businesses run on political as opposed to economic principles.Erect punitive trade barriers which kill your exports, while making goods more expensive for your own people,
What is written above (and more) describes the goals and policies of one Barack Hussein Obama.
And no one else has the guts or integrity to ask the WH.
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