Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Wednesday, December 28, 2011

Chart o' the Week: The Obama Economic Record

I think this says it all:

Three years into Ronald Reagan's first term, I wonder how things were going?

For you drones: that's a rhetorical question.


Hat tip: @AACons.

Tuesday, December 27, 2011

Hilarious: Hundreds of New York Times Staffers Rip Management Over Their Own Petty, Capitalist Concerns

As an aside, I read the Stuffington Roast so you don't have to.

New York Times staffers unhappy with management are letting publisher Arthur Sulzberger Jr. know it...

...In recent days, more than 270 current and former Times employees have signed an open letter expressing their "profound dismay" with recent company decisions...

...Bill O'Meara, president of the New York Newspaper Guild, said some staffers had considered even "more dramatic" actions.

"There were people who wanted to storm Arthur Sulzberger's office," O'Meara told The Huffington Post...

"There were people who wanted to stage a walkout."

And what are the staffers' major grievances? Curiously, for the world champions of wealth redistribution, the whining revolves around money.

The letter calls attention to several grievances. Last week, Times brass notified foreign citizens employed in the paper's overseas bureaus that their pensions would be frozen. In the letter, Times staffers dismayed by this decision point out to Sulzberger that some of these foreign employees, working alongside Times reporters in war zones, have "risked their lives so that we can do our jobs."

The open letter may have been prompted by this and other recent decisions, but it brought to the surface long-simmering tensions. In the past several years, staffers have faced temporary pay cuts, layoffs, and buyouts. They have worked since March without a new contract. Regarding ongoing negotiations, the letter notes that Sulzberger's "negotiators have demanded a freeze of our pension plan and an end to our independent health insurance." O'Meara said staffers did not receive a raise this year...

I find it uniquely hilarious that the world's foremost advocates for Statism -- people like Paul Krugman, who continuously lobby for endless confiscation and redistribution of money by a centralized, authoritarian government -- are concerned with petty concerns like money. With private property. With their own financial well-being.

Whatever happened to the collective?

Unhinged Statist jackasses hardest hit.


Hat tip: Memeorandum.

Monday, December 26, 2011

Winner of our Prestigious Tweet o' the Day Award: @JamesTaranto

The Wall Street Journal's James Taranto wins our prestigious Tweet o' the Day Award.*

How very true.


* At last check, the award consists of a handsome email and a $5 off coupon to Applebee's (if I can find it and it hasn't expired).

Saturday, December 24, 2011

15 Crazy Photos From the Air Jordan Riots #AirJordans #Riots #Retro

Not, it's not the Occupy movement, though the resemblance is uncanny -- what with the pepper spray, the gunfire, and the riots. But in this particular case, the unrest accompanies the release of the new Air Jordan sneakers.















It's gotta be the shoes.


Hat tips: Mediaite, WCHS-6 and Blippit.

Thursday, December 22, 2011

Jesse Jackson's advice for black fathers: teach your children the value of reading. Just kidding, he wants them to teach kids how to fight.

Mush-mouthed race hustlers hardest hit:

There’s no guarantee the being a black father will stop this because they’re killing black fathers too. One of the tragedies of this [garbled] is that you don’t have to be guilty to be crucified – killing the innocent. Therefore we must overwhelm them with numbers. That becomes our strength to fight back.

When I was younger I would say I wanted my children to get educated so that they wouldn’t have to go through what I’ve gone through. I’ve changed that position now. I want them to get a good education so they can have more tools with which to fight. The fight will not stop. I want them to have more tools. I want black fathers to have more tools with which to fight.

So when it’s time for Operation Black Vote to have massive registration, responsible black fathers vote to make a difference. They demonstrate. They march. They fight back.

So I say ‘fathers, teach your children how to fight for jobs and justice and healthcare using the weapons of your mind, your vote, and your marching feet.’

It will be a good day when professional race-baiters like Jackson and Sharpton are finally given all the respect they deserve. Which is to say, none.


Related: The Democrats' "War on Poverty"

What does $40 mean to me? I can pay my SEIU union dues (and other tales of woe)

In his ongoing effort to bribe voters with a $2.85/day Payroll Tax Cut -- which simply raids the sacrosanct Social Security Trust Fund (heh!) -- President Obama's Axelrodian campaign machinery is collecting sob stories from voters.

The White House says it's been flooded with responses to the question it posed Wednesday: "What does $40 mean to you?"

One day after the White House asked "working" people to "tell us what your family will give up if your (payroll) taxes increase," the stories are rolling in, including one from a person who worried about not having enough to pay the cable bill -- or continue family pizza nights.

In an effort to help the Obama administration, Cub Reporter Biff Spackle collected tales of woe from typical members of "the middle class", asking them what they could do with that $40.

• "Pay my SEIU union dues (which average $36.75 and are recycled back into the Obama campaign against my will)"

• "Buy 11 toxic, mercury-filled CFL bulbs, as opposed to 66 safe and cheap incandescent light bulbs."

• "Buy 12 gallons of gas, versus 25 gallons when Barack Obama was elected President."

• "Pay for 1.4 days of health insurance coverage, as opposed to 2 days when Obama was elected."

You get the picture. President Subprime McDowngrade is trying to distract citizens with a $2.85-per-day bribe when his catastrophic policies are literally destroying the average American.

As Tyler Durden noted earlier today on Twitter, "Has anybody asked the president yet why to millions of Americans $40 is a matter of survival?"


Wednesday, December 21, 2011

Say, anyone know how I get a sweet gig as a teacher in Illinois?

Champion News:

As Illinois citizens struggle with the severe economic downturn plaguing the state, [the state's] public school employees enjoy another record year of salaries, fringe benefits and pensions.

In 2011 an amazing 14,866 public school employees made more than $100,000, up 18% from 2010’s 12,588.

Apparently there is no tax money for the barren shelves at food pantries or the lack of beds at homeless shelters or to support the handicapped.

But there is enough tax money to pay for:

• A Phys. Ed teacher $203,154 for a 9 month work year.
• 14,866 teachers made more than $100,000 in 2011.
• 21 who made more over $1,000/day ($170,000/yr.)
• A Drivers Ed teacher who salary is $18,222/month to teach teenagers how to parallel park.
• 13 teachers make more than the Governor’s $177,500.
• Top 100 Teachers average $18,169 per month salary ($163,579/yr).

And all of that is for a 36-week work-year (182 day contracts).

These Top 100 Salaries Do Not Include Massive Amounts of Fringe Benefits

Add about $48,000 each for state pension contribution (30% of salary) and at least $7,500/yr health insurance benefits. Then include 15 days sick leave payable at retirement if not used, 2 personal days [a year] and up to $300,000 payment to the Teachers Retirement System by the local school district if they decide to take early retirement (see "Anatomy of a Teachers Contract" here).

And what is the value of a guaranteed $100,000 job (called “Tenure”) for as long as you want it?

Bill Zettler asks, "Should public employees who average a mere 32 years of 9 month work retire at an average age of 57 with an average payout of $3.7 million?"

After only 20 months of retirement, the average teacher will have received more in pension benefits than the sum total of all of their contributions.

For instance, Karen Koval, a dance teacher, received a taxpayer-funded $188,837 early retirement payout. That will be added to her salary of $165,888, for a taxpayer total of $354,725. Therefore, dance teacher Koval will retire with a pension that will payout about $3.5 million over her expected lifetime.

Sounds real sustainable to me.


Hat tip: Just the Tip.

Obama Reelection Campaign Thinks You Can Be Bribed For $2.85 a day...

...while robbing the Social Security Trust Fund. Because that's what "the Payroll Tax Cut" is: it's reducing the funds available to Social Security, which is already speeding toward insolvency.

I just received this email from the White House, marketing the president's raid on the Social Security Trust Fund:

The email includes touching stories of families that really, really need that $2.85 a day.

Curious how Democrats never consider the next generation of Americans who will have to repay these debts -- this money borrowed from the future -- that were used to pursue a reelection campaign for a temporary politician.

And notice President Obama's cynical use of official White House email infrastructure to wage his reelection campaign.

Pretty sneaky, eh?

Well, I have news for the president: $40 for two weeks is a "big deal", especially for the next-generation -- which will have to repay this borrowed money with interest.


Monday, December 19, 2011

Going into our third annual "Summer of Recovery", Gallup finds unemployment is... still worsening

I'm shocked... shocked... that an already horrific employment situation appears to be collapsing (again).

Gallup, which unlike the BLS, does not fudge, Birth/Die, or seasonally adjust its data, has just released its most recent u(n)employment data. And it's not pretty... Gallup which constantly pools 30,000 people on a weekly basis, has found that for the past 4 weeks, both underemployment and unemployment have risen for 4 weeks in a row...

In summary, here is how Gallup debunks the BLS' propganda: "The sharp drop in the government-reported unemployment rate for November and the sharp drop in jobless claims during the most recent reporting week have combined to create the perception that the job market may be improving... Gallup's data suggest little improvement in the jobs situation... it may be wise to exercise caution in interpreting the drop in the government's most recent jobless claims numbers." Or, less diplomatically, the BLS is lying like a drunken sailor just as the economy is about to turn...

"...Gallup's data suggest little improvement in the jobs situation. December unemployment is up slightly on an unadjusted basis. In fact, the government is likely to report essentially no change in the unemployment rate when it issues its report on December unemployment in the first week of 2012. Of course, this assumes that the labor force doesn't continue to shrink at so rapid a pace that it drives down the unemployment rate, as it did last month."

Wait. Just. A. Second.

So after three straight Stimulus packages, QE1, QE2, Cash-for-Clunkers, Operation Twist, HAMP, HARP, and trillions in wasted government spending, you mean to say that central planning really doesn't work?


Sunday, December 18, 2011

Union Bosses Welcome Their New Chinese Overlords

The Communist-linked labor movement has been responsible for more job losses in the U.S. than any other cause you could name. GM, Chrysler, Bethlehem Steel, California, New York and Illinois all serve as evidence of the destructive nature of unions.


And nowhere is this phenomenon more visible than in Michigan.

The largest private employer in Saginaw, Michigan will soon be the city government of Beijing, as a 104-year-old unit of General Motors will be sold to new owners from China. The $450M purchase received little attention this summer, but it is a landmark deal - the first time Chinese investors have bought a U.S. industrial operation of such scale and history.

Louis Woodhill, writing in Real Clear Markets, describes the fallacy of a labor union movement within a capitalist system.

People won't work for nothing. Even without unions, companies must offer an overall package (wages, benefits, working conditions) sufficient to attract and retain the workers that they need. The interaction between the company's needs and the workers' alternatives sets the "market wage".

Unless workers are held at gunpoint, it is not possible to "exploit" them for any length of time... The logic of the free market is for companies to pay market wages, earn high profits, and reinvest their earnings in more factories.

...The purpose of a union is to extract from its employer more than the market wage. If it doesn't do this, then there is no reason for workers to support it or to pay dues to it. Because companies must sell their output at market prices and pay market returns for the capital that they employ, they cannot afford to pay more than "market" for any major input. Accordingly, any unionized company for which labor is a significant part of its cost structure will eventually be destroyed.

In a free market system, unions prevent employers from adapting to competition. Unions force employers to compensate workers based upon tenure, not ability. Employment rules are codified in massive agreements that are outdated the instant they are written.

And union bosses laugh all the way to the bank, even while their members are suffering, over and over again.


Thrifty: Obama's 17-Day Hawaiian Vacation Will Only Cost U.S. Taxpayers About $4 Million

But it's truly a bargain at any price. At least he's not in Washington cooking up even more destructive policies.

...Figures obtained by Hawaii Reporter reveal the trip is expected to run taxpayers about $4 million. It has already cost taxpayers about $100,000 extra just so first lady Michelle Obama and the president’s daughters, Sasha and Malia, could leave Friday before the president, according to White House Dossier...


...Hawaii Reporter’s comprehensive breakdown uses government data to calculate travel, housing, hotel and local costs...

...White House press secretary Jay Carney was asked about the vacation’s cost at a briefing last week. He dodged questions about Michelle Obama’s desire to travel separately from the president.

With all of the vacations and golf, it's a wonder he's been able to eviscerate so much of America's economy!


Illinois: Worst-funded retirement system in U.S. to make up shortfall by investing in Euro debt swaps, other super-safe assets

Say, how are the last eight decades of unchecked Democrat rule in Illinois working out? Eh, for you drones -- that's a rhetorical question.

The Illinois Teachers' Retirement System — the worst-funded major pension plan in the U.S. — is pumping more of its assets into higher-risk investments while using accounting methods that some pension experts say understate its funding shortfall.
 
Springfield-based TRS, the state's largest pension provider, plans to allocate about a third of its $37.8-billion portfolio to alternative investments such as private-equity and hedge funds, a four-month Crain's investigation of TRS holdings and practices finds. These unconventional assets typically dangle the potential for higher returns, but only because they also carry greater risks and fees. TRS is shifting its portfolio while it's still developing an in-house risk-management system.

Gunning for bigger returns exposes the plan to the possibility of bigger losses, further jeopardizing the pensions of 362,121 former and current teachers. The system, which has just 46.5% of the assets it needs to cover promised payments to retirees, is counting on an 8.5% annual return, which many portfolio managers and investors, including Berkshire Hathaway Inc.'s Warren Buffett, say is unrealistically high. If TRS banked on a 7.75% return — the rate that two other Illinois public pensions lowered their forecasts to this year — its assets would equal only 43% of obligations. That would swell its shortfall to $50.1 billion from $43.5 billion.' Their solution seems to be going to Vegas with our money.'— Neil Mott, chemistry teacher,
Rolling Meadows High School...

...The plan also is dabbling in volatile derivatives, including wagers on Brazilian interest rates, and credit default swaps on sovereign debt from Italy and Spain... Illinois taxpayers are already on the hook for most of the $81.3 billion in TRS' long-term obligations because the state is required to fund the lion's share of TRS benefits. That liability will keep expanding, likely at a faster rate than assets, unless fund administrators and lawmakers can make up the $43.5-billion shortfall. If the plan defaults, the state will be lobbied hard to come to the rescue.

...The state's pension system in general is teetering. Moody's Investors Service in September 2010 revised Illinois A1-rated debt to add a negative outlook, its worst credit rating among states, partly because of the state's inability to address pension liabilities. Illinois had the largest unfunded pension liabilities of any state, with $85 billion owed for its five state-funded plans, as of June 30, 2010, Moody's says. Those plans' assets come to less than half that amount, according to the state's annual report.

...Illinois' public pension plans owe their troubles to broken promises by the Legislature. To preserve labor peace, the state routinely offered generous pension benefits. But to avoid hiking taxes and upsetting even more people, it didn't pay its share to cover these payments. Lawmakers could get away with this because the pension bills didn't come due for years or even decades...

What could go wrong?

Seriously -- citizens of Illinois: I have a suggestion. Please continue electing Democrat hacks who are beholden to union bosses. The sooner your state collapses, the better example you'll be for the rest of America.


Saturday, December 17, 2011

Good News: Unions Days Away From Getting Ambush Elections Thanks to Radical Obama Labor Board

Business Management Daily reports:

The National Labor Relations Board (NLRB) recently moved one step closer to changes that would give employers much less time to react to union organizing efforts... and make it easier for organizers to gain a toehold in your workplace.

The NLRB is racing to finalize those new election rules—which opponents call “quickie” or “ambush” elections—before an end-of-December deadline. Why the rush? The currently three-member NLRB will likely lose its quorum status with the Jan. 1 term expiration of Craig Becker, a pro-union member of the board.

...the board [forward with its man revision to] shorten the time from the filing of the election petition until the actual election is held.

It’s estimated that the time between an organizing petition and a full union election—currently averaging about 38 days—could be cut in half if this NLRB proposal is finalized.

Advice: If these NLRB rules become final this month, unions will feel emboldened to start organizing drives in previously union-free workplaces

Should this rule go through, the effects on businesses will be -- mark my words -- catastrophic.

These Democrat hacks need to be flushed from office in 2012, at every level of government, if we are to save this country.


Shocking: Gov. Perry Receives Pension Along With Salary (Shhh: No One Discuss Michelle's $200K Raise After Hubby Was Elected to Senate)

Well, this is a stunning revelation (if you're a left-wing hack with a hate on for the U.S. Constitution):

Gov. Rick Perry is double-dipping, drawing retirement income from the state in addition to his salary as governor since late January, newly released records show.

Perry's move to begin drawing from his pension early this year while remaining governor, which his staff says is legal and consistent with state retirement rules, was unknown to the public until federal financial disclosures were made public on Friday.

...The governor's gross annual salary is $150,000; his net salary is $133,000. The net monthly annuity check Perry started receiving Jan. 31 is $7,698. Combined, his net pay from the state is now more than $225,000 annually.

To put this into perspective, the media was curiously silent regarding the timing of a raise of nearly $200,000 that Michelle Obama received after her husband was elected to the U.S. Senate.

Below you'll find a helpful chart and timeline explaining Michelle Obama's ultra-critical position at the University of Chicago Hospital (UCH), a position coincidentally created just after her husband's election to the Senate... and dissolved just minutes after she resigned to move into the White House.

Sandwiched, of course, by Sen. Obama's $1M earmark to UCH.

In 2002, Michelle Obama was hired by the University of Chicago Hospital as its "Executive Director for Community Affairs" at a salary of approximately $120,000.

In January of 2005, Barack Obama was sworn in as a United States Senator. "Coincidentally", in March of 2005, Michelle Obama was promoted to "Vice President for Community and External Affairs" and her salary bumped nearly $200,000 (from $121,910 to $316,962). This position was "newly created" for Mrs. Obama.

In February of 2006, Barack Obama requested a $1 million earmark for a new hospital pavilion at the University of Chicago.

Effective 9 January 2009, Michelle Obama resigned her position at UCH. And just five days later, effective 14 January 2009, Michelle Obama's VP position was eliminated, its functions absorbed into another executive's position. This prompted business writer Don Rose to ask "[If] that work can be folded into another guy’s, why was it separate in the first place?"

Operating with this kind of blatant double standard, you simply have to wonder how legacy media stays in business.

Although given their declining subscriber base, that question may be strictly rhetorical.


Thursday, December 15, 2011

No Offense, But Republicans Can't Be the 'Stupid Party' With Nancy Pelosi Saying Stuff Like This

Moronic, botox-addicted, Statist hacks hardest hit.

House Minority Leader Nancy Pelosi (D-Calif.) said that extending unemployment benefits would add “600,000 jobs to our economy.”

She also said that the money from unemployment benefits creates a “safety net” for the U.S. economy because it “injects demand into the economy -- creating jobs.”

...“The unemployment insurance extension is not only good for individuals. It has a macroeconomic impact. As macroeconomic advisers have stated, it would make a difference of 600,000 jobs to our economy.”

Pelosi did not name those “macroeconomic advisers.”...

Of course not, because those -- ahem -- advisers' names all start with the letter K and end with rugman. You know, the same nincompoop who was lauding Europe's economic model just two short years ago.

Sorry, folks, RINOs are plenty dumb, but they can't compete with this trio of Democrat leaders:

• Harry Reid -- a man with a truly feeble, if not failing, mind. Each day he seems more and more likely to give an incoherent, rambling speech (remember "cowboy poetry"?). For that reason, he is prohibited from speaking to the public without Chuck Schumer standing next to him, usually with a hand up the back of Reid's shirt like a ventriloquist.

• Nancy Pelosi -- a woman who's had so much work done on her face that her eyes appear ready to pop right out of her head -- has made tens of millions of dollars over the last few years thanks to insider trading crony capitalism savvy investing. And she's going to teach us how to create jobs.

• Finally, Barack Obama -- a man who has no transcripts from Occidental College, no transcripts from Columbia University, no transcripts from Harvard, no thesis papers, no law practice client list, no state senate records, and no ex-girlfriends -- but he's going to tell us how much electricity is going to cost, what kind of health care we should receive, what kind of cars we need to drive, how much our credit-card fees must be, why we shouldn't drill or refine oil, and why we should borrow trillions of dollars from the Chinese government to give to his public sector union boss buddies (hint: so it goes back into his reelection campaign coffers).

No, my friends, you can call the establishment Republicans many things, but only a claque with Pelosi, Obama and Reid in charge can be called "the Stupid Party".


Tales From the Obamaconomy: Debtors' Prisons Make a Comeback

The perfect complement to today's report that "1 in 2 Americans are now poor or low income" is the fact that Dickensian debtors' prisons are returning to America.

As if life wasn't already tense enough for Americans who can't pay their debts, collection agencies are now taking advantage of archaic state laws to have some debtors arrested and sent to jail. More than one-third of US states allow debtors to be arrested and jailed, says Jessica Silver-Greenberg in the Wall Street Journal.

...Of course, the reason debtors have failed to make court-ordered payments is often the same reason they didn't pay their debts in the first place: They don't have any money... In September, a 53 year-old woman named Vivian Joy was stopped for a broken tail-light in Champaign, Illinois. And then, because the cops discovered that she still hadn't paid $2,200 to a collection agency, she was cuffed and carted off to jail.

Joy's excuse? She doesn't have any money.

Jailing debtors for not paying their debts is apparently especially popular in Illinois...

Since the state of Illinois itself is months late paying $4.8 billion to its vendors and suppliers, my question is this: when does Governor Quinn and the rest of the Democrat machine get thrown in the clink to share cells with Bubba and Rodney?


Wednesday, December 14, 2011

The Horrifying Chart That Democrats and RINOs Don't Want You to See

It has now been nearly 1,000 days since the Democrats last passed a federal budget. This unprecedented act of fiscal irresponsibility -- one that no other Congress in generations has committed -- allows the most profligate administration in American history to continue racking up more than a trillion dollars in deficit spending each year.

What Democrats and big-government Republicans aren't telling you is this: the Obama-Pelosi-Reid "one-time Stimulus package" was built into the baseline, which means each year that the Obamacrats can avoid writing a budget is another year that this cash furnace can continue burning your children's money.

John Boehner and Mitch McConnell, decent human beings though they may be, haven't even raised this issue with the public. They don't have the spine to enact the drastic cuts this country requires to survive.

This chart illustrates why we Tea Party activists must nominate and elect the most conservative candidates possible in 2012. We have two missions: to politically obliterate the Marxist Left that has subsumed the empty husk of the Democrat Party; and to continue our hostile takeover of the Republican Party, in order to return it to its Reagan-esque roots.

We have no choice if we are to save this Republic.


Tuesday, December 13, 2011

Just in time for Christmas, President Obama gives the gift of unemployment to more than 100,000 Americans

He's the gift that keeps on taking!

In an environment where jobs are hard to find, the Obama administration has thrown more than 100,000 health insurance agents and brokers under the bus and given them the gift of an unemployment line just before the holidays. To make matters worse, a large number of insurance agents, known in the trade as producers, are self-employed and under the prevailing laws may have difficulty receiving unemployment insurance.


It all stems from the Patient Protection and Affordable Care Act (PPACA), known colloquially as Obamacare. PPACA dictates [price controls for insurers including commission payments]... Insurance agents were recently able to get backing from National Association of Insurance Commissioners (NAIC) to exclude their commissions from [these price controls].

...Led by National Association of Health Underwriters (NAHU), which claims to represent 100,000 health insurance agents, brokers, and related professionals, the Obama administration was lobbied hard to provide relief to insurance agents. The hope of the insurance agents had risen because of the recent backing by the National Association of Insurance Commissioners.

In a recent ruling, the Department of Health and Human Services dashed all hopes.

Merrrrrrrrrrryyyy Christmas!

Oh, and as an added bonus, the president's decision to delay the gigantic Keystone XL pipeline not only prevents the creation of 20,000 jobs in 2012, it is already costing jobs today.

"Layoffs and a brief company shutdown is what employees face at Welspun Tubular Company, which makes steel pipes for the oil industry."

Rest assured, citizen, that the the president will not rest until every American has a job. That is, while he enjoys his 37 Christmas trees in the White House, prior to leaving this weekend for a 17-day Hawaiian vacation.


Monday, December 12, 2011

Obamas somehow make do with only 37 Christmas trees in White House before they leave on 17-day Hawaiian vacation

Like the movie Fletch, I can imagine President Obama ordering all of these extravagant parties, vacations and over-the-top celebrations and, when the tab comes, he says: "Put it on the Underhill account."

And we're the Underhills.

The economy may be weak, unemployment strong and the first family soon to vacate the White House for another half-month of vacation in Hawaii.

But the Obamas have gone all out in decorating their house this year, including a nearly quarter-ton gingerbread White House.

They have also installed 37 different Christmas trees. Thirty of the trees are live, or were, including one nearly 19-feet tall from Wisconsin. Seven of the three dozen Christmas trees are artificial or homemade including, of course, one from recyclables.

"We have 37 Christmas trees here at the White House--37!" Michelle Obama excitedly told a recent group of visitors. "That's a lot, right? Yes, that's a lot of trees. And we also have a 400-pound White House gingerbread house."

Yeah, and I'll bet the ginger for the gingerbread house was grown by Michelle in her organic garden.

You know, the only members of the "one-percent" I know are the Obama family, Congress and the rest of the overpaid paper-pushers in Washington.


Sunday, December 11, 2011

Faux Journalist Steve Kroft Interviews Obama, Forgets to Ask About Calls to Impeach Holder, Kagan Recusal, Corzine, Solyndra, etc.

President Obama received another in-kind donation from CBS News tonight in the form of a fawning 60 Minutes interview by "journalist" Steve Kroft. If that is his real name.

Kroft apparently had a brief case of amnesia and forgot about a few mildly important issues:

• The increasing calls for Eric Holder's resignation and/or impeachment for Operation Fast and Furious, etc.

• The newly revealed Obamacare emails that appear to show Elena Kagan lied under oath

• The catastrophic failure of MF Global, headed by none other than one of Obama's leading fundraisers, John Corzine

• The billions in "green energy" funds that went to Obama's fundraisers and political cronies, Solyndra being only the most visible example

• The "historic" $4.2+ trillion budget deficits thanks to Obama's disastrous stimulus debacle and the Democrats' failure to pass a budget for 1,000+ days

Obama has blamed the weather, earthquakes, ATMs, and the Internet -- among other things -- for the bad economy. In the Kroft interview, he said, "I'm being judged against the ideal. And, you know, Joe Biden has a good expression. He says, 'Don't judge me against the Almighty, judge me against the alternative.' "

There he goes again, comparing himself with God.

No, Mr. President. Our ideal is Ronald Reagan who, having inherited a far worse recession than you, had the economy rockin' and rollin' at the exact same point in his presidency.


Hat tip: BP.