Jul 13 2011
Barack Obama has decided to stomp his foot, hold his breathe and threaten to hurt senior citizens if he does not get his way:
President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks.
His administration has millions of options in front of him, the last of which would be to hold checks for our seniors. Talk about your childish temper tantrums. The federal bureaucracy is bloated with over spending and useless projects. Heck, just delaying the start of everything not yet fully up and running could buy months of time.
But the worst part of all this is the delusion that raising taxes is going to fix our economic problems. It won’t. Because the problem is not that we don’t waste enough money in DC (lining the pockets of lobbyists and the political elite).
The problem is our economy is not growing, and the best indication of that is the harsh fact that our work force has been shrinking by what has to be historic numbers ever since the liberals were voted into power in 2008 – and began to screw up on a scale never before seen.
Check out this data that comes out with the monthly unemployment numbers:
The chart shows [click to enlarge) the size of the US labor force in June over the last decade. As can be seen by the blue curve, the labor force began to shrink AFTER President Obama and the liberals came into power. The fantasy “Stimulus Bill” did nothing to stop the loss of jobs – basically because it takes the government at least a year to figure out how to spend money authorized by Congress, and by that time the Federal Bureaucracy has consumed a lot of it. Much more was sent to the states who covered workers who ended up being pink slipped anyway.
The red line shows the steady historic trend for work force growth in a growing economy. Since the 2010 census clearly shows our general population did not shrink over the same decade, the only rationale and sane conclusion is our economy shrunk under the misguided and wasteful policies of Obama, Reid and Pelosi. Furthermore, outside a slight reduced budget between May and September of this year, there has been NO imprint on the economic outlook from the newly elected GOP Congress. That is the only change that has been passed since the 2010 elections.
That red line shows 2.5 million fewer workers in the work force. It also shows that if the work force was at its normal level, we would be at 10.7% unemployment in June – not 9.1%, This trend has been running for months now (see here, here and here). The broader measure of employment pain is in the U6 number, which would be a crippling 17.2% if we added those unemployed, those underemployed and those who abandoned the work force all together.
Now President Obama is holding seniors’ financial security hostage until he gets to do more of the same. His policies brought in a paltry (and probably overly optimistic) 18,000 new jobs in June. With 2.5 million new jobs required to just get the workforce back to its proper level, and then many millions more jobs to get the unemployment down, it is clear taxing those people best able to invest and create all those needed jobs is basically stupid.
This simple and obvious fact is clearly beyond a community organizer to grasp. When one lives in a TV-Land world – where government is on the right hand of Gaia and average people are evil and incapable of even the smallest achievements – there is no way one can grasp the basic solution here. Unburden the engine of our economy – small businesses.
Treasury Secretary Timothy Geithner told the House Small Business Committee on Wednesday that the Obama administration believes taxes on small business must increase so the administration does not have to “shrink the overall size of government programs.”
Are these people kidding? We must kill off small business, strangle its ability to create the jobs we need to get back on track, in order to save wasteful and mindless federal programs????
This ‘vision’ is moronic. Simply moronic. And I do not think Geithner is expressing his own personal view here. I think we are finally seeing the warped and dysfunctional thinking that embodies Barack Obama.
The question for our petulant President is how many more lives of average Americans need to be sacrificed on the alter of progressive idiocy? How many more Americans must see their careers and futures lost to incompetent bureaucrats?