On Fifth Anniversary Of Fiscal Crisis, The Economy Grows Worse

Honey I Shrunk The Economy SC On fifth anniversary of fiscal crisis, the economy grows worse

Black unemployment spike to 13 percent.

Labor force participation rate plunges to 35-year low.

Hispanic unemployment higher now than in April.

WASHINGTON – On the fifth anniversary of the current fiscal crisis, the nation’s economy is getting worse under Barack Obama, according to an objective mathematical measurement of the nation’s economic indicators released Monday by Congressman Steve Stockman (R-Texas 36.)

The economy continues to fail to recover under Obama as Obama’s Failometer Score grew to a punishing 1,222 last month. This is the third straight month Obama’s Failometer score has grown, and his 1,222 for August is the second-highest score this year.

Obama can set the Failometer to zero simply by outperforming George W. Bush on the economy and fulfilling his 2008 and 2012 campaign promises to help blacks and Hispanics gain economically.

“For the third consecutive month Obama’s economic failures are getting worse,” said Stockman “The percentage of working-age American with jobs has plunged to Jimmy Carter-era depths, we aren’t creating enough jobs to restore the economy and black unemployment is growing again.”

“Hispanic unemployment is higher now than it was in April.  Black unemployment is growing again. He has yet to grow enough monthly jobs to even get back to a pre-recession economy. An objective mathematical measure of Obama’s economic policies shows he’s blazing a new path of failure.”

The Obama Failometer uses a fixed mathematical score to calculate four economic indicators from the Bureau of Labor Statistics.  The figures from the monthly reports are weighted to provide a balanced total score, which ranges from zero to 1,000. A score of 0 represent economic stability and racial equality. The higher the score, the deeper the economic failure.

So far, Obama is worse than Bush.

Since its creation, Obama has failed to generate a Failometer score that can be contained within the chart’s range of zero to 1000.

The Obama Failometer Score was originally displayed on a ten-foot-long billboard displayed in the hallways of the Capitol’s Cannon House Office building.  House officials ordered it torn down in January after Democrats complained.

Here is how the Obama Failometer Score is calculated:

FACTORS MEASURED AGAINST BUSH

Monthly jobs created: The Hamilton Project, a liberal economic policy group, stated last year the economy must create 321,000 jobs a month in order to return the economy to pre-recession employment levels by December 2016, the end of Obama’s term.

As the economy continues to flounder under Obama, that number has grown; but the Obama Failometer will continue to use it, which gives him some statistical relief.

Obama promised to not only restore the economy to where it was under Bush, but grow it.  So far, Obama has failed to even perform as well as Bush.

This Obama Failometer score portion is calculated by subtracting the number of jobs created in the previous month from the 321,000 jobs claimed necessary by the liberal Hamilton Project and dividing by 1,000 to balance it against other factors.

The BLS reports the economy created 169,000 jobs last month, 152,000 fewer than needed to restore the economy.  This portion of the Obama Failometer Score is 152.

Civilian labor force participation rate:  The civilian labor force participation rate, the ratio between those 16 and over in the labor force against the national population of those 16 and over, is an important measure of economic health.  After puttering along during the Bush administration, including through the “Bush years” of the recession, under Obama, it has plunged sharply.

This Obama Failometer score portion is calculated by subtracting the monthly civilian labor force participation rate from the average Bush administration rate and multiplying by 100 to balance it against other factors. According to data from the BLS, under Bush, the average monthly civilian labor force participation rate was around 66.2 percent.

The Bureau of Labor Statistics reports that the monthly civilian labor force participation rate last month fell to 63.2 percent, the worst rate since August 1978 and 3.0 percent worse than Bush’s average of 66.2 percent.  This portion of the Obama Failometer Score is 300.

FACTORS MEASURED AGAINST OBAMA’S OWN RHETORIC

Black unemployment:  No one has suffered more economically under Obama than black Americans. Obama’s election and re-election has meant crippling poverty for the black community.

This Obama Failometer score portion is calculated by taking the monthly unemployment rate for blacks and subtracting the monthly unemployment rate for all Americans, and multiplying it by 100 to balance it against other factors.

The Bureau of Labor Statistics reports the black unemployment rate last month ballooned to 13.0 percent, while the national overall rate was 7.3 percent.  That is a gap of 5.7 percent. This portion of the Obama Failometer Score is 570.

Compare Obama’s performance to Bush’s.  The highest monthly unemployment rate ever for blacks under Bush was 12.1 percent.  Obama’s lowest rate is now 12.6 percent in July.  He has never performed as well as Bush’s worst black unemployment rate.

Bush’s average black unemployment rate was 9.7 percent and an overall national average of 5.2 percent, a 4.5 percent gap that gives Bush a score of 450.

Hispanic unemployment:  Despite winning the Hispanic vote, Obama’s liberal policies have caused widespread damage to the Hispanic community.  Thanks to Obama, they continue to lag behind the national average in many economic factors.

This Obama Failometer score portion is calculated by taking the monthly unemployment rate for Hispanics and subtracting the monthly unemployment rate for all Americans, and multiplying it by 100 to balance it against other factors.

The Bureau of Labor Statistics reports the Hispanic unemployment rate last month grew to a stunning 9.3 percent, while the national overall rate was 7.3 percent.  That is a gap of two percent.  This portion of the Obama Failometer Score is 200.

The Hispanic unemployment rate hit its all-time historic low of 4.7 percent during Bush’s last term.  It is almost twice that rate under Obama.

THEREFORE, THIS MONTH’S OBAMA FAILOMETER SCORE IS 1,222.

 

Photo credit: terrellaftermath

Obama’s Dismal Failure On The World Stage

Benghazi MIA Obama Hillary SC Obama’s Dismal Failure on the World Stage

With all of the turmoil surrounding the Syrian crisis, one has to wonder why Obama has become an afterthought in the negotiations with Putin and Assad over the use of chemical weapons in the Syrian civil war. The reason is simple. Obama, who has no leadership skills despite liberal protestations to the contrary, has successfully transformed the most powerful position on the planet into that of a bumbling simpleton.

Something people need to realize is that this is not new. It is the Obama track record throughout his entire presidency.

In Iran, Obama stated that all options, including nuclear weapons, were on the table in preventing Iran from obtaining the capability to produce nuclear weapons. Ahmadinejad called him on it, labeling Obama an “amateur politician.” Obama’s response was to do nothing. He deferred to the economic sanctions that did not have any impact whatsoever. At the time, allegations from several sources arose that Ahmadinejad was indeed building a nuclear facility that would be capable of producing nuclear weapons.

In Korea, Obama, in an attempt to portray himself differently than what happened with his encounter with Ahmadinejad, stating that he would not follow the same path he did with Iran. Yet, what did he do? Obama issued economic sanctions. Did it work this time around? Of course not! North Korea built an operational nuclear facility and shut it down during negotiations with the U.S. and China (they have recently restarted it.) So, North Korea played with Obama as if he were a yo-yo. Obama’s response was again to do nothing.

In Libya, Obama waited as France responded to Qaddafi’s brutal crackdown on his own people. Then Obama’s response was to implement a “no-fly zone” and launch missile strikes against Qadaffi once it became apparent that he had indeed embarrassed himself once again on the world stage. (The price tag for only being peripherally involved was well into the hundreds of millions of dollars.)

What happened next? We have four Americans, including the U.S. ambassador, killed in Benghazi in a premeditated attack. Obama’s response was to blatantly lie about the cause, while waiting for the media to shift the focus onto something else. Obama has held no one accountable for this, and it has been over a year.

In Egypt, Obama openly supported the Muslim Brotherhood as they deposed Hosni Mubarak, who had frequently worked with the United States at times dating back to the Carter Administration, and took over the government. When the Egyptian military seized control of the country in an obvious coup, Obama refused to characterize it as one. Since U.S. law requires all foreign aid to be suspended to countries that have been overthrown in a military coup, Obama questioned whether or not he should suspend such aid.

What has happened in Egypt due to Obama’s lack of leadership? It has devolved into violence and open fighting in what has become an undeclared civil war. Obama has also managed to turn a country that once worked with us into one that accuses him of supporting terrorism in Egypt (and has even accused him of being a member of Muslim Brotherhood.)

In Syria, Kerry makes an off-the-cuff statement about turning over the chemical weapons to international control, which Putin seized upon. Obama immediately retracts that as not an authentic proposal. Then when Putin showed the leadership Obama is lacking and brokered the deal with Assad, Obama immediately flip-flopped, saying that he actually discussed this with Putin at the G-20 summit.

Putin has already characterized the Obama Administration as pathetic. Assad is now demanding concessions from the United States before he will turn over their chemical weapons. Obama then makes a speech to the American people where he says that we might attack Syria, but we are going to wait and see if the Russian proposal will work first.

Despite his own statements to the contrary, Obama’s credibility on the world stage is so non-existent that he is waiting on Putin to make up his mind on what will happen in Syria. Obama has done something that most political pundits and historians thought would be impossible.

Obama has surpassed Jimmy Carter as the worst president of the United States.

Why is anyone still surprised at this point?

How Obama Is Deliberately Crippling U.S. Economy

Barack Obama speech 9 SC How Obama is deliberately crippling U.S. economy

Ever since Barack Obama was elected president in 2008, Americans have heard a lot about “progressivism,” Saul Alinsky’s “Rules for Radicals” and the “Cloward-Piven Strategy” of orchestrated chaos – basically, intentionally causing an existing system to break down in order to “rescue” it by instituting a new system. In other words, a “fundamental transformation.”

Conservatives believe this is Obama’s playbook, while liberals dismiss it as rightwing paranoia. But consider Obama’s economic policies with this paradigm in mind.

For any economy to function properly depends on the availability of capital and credit, raw materials, manufacturing capacity and production, and labor. To intentionally cripple an economy, one or more of these elements would have to be controlled or withheld.

American leaders have been overloading the economy with debt to pay for goodies promised to the populace since long before Obama, but the first big push for outright misallocation of capital (something strongly promoted by progressives) started with the Community Reinvestment Act of 1977, signed by Jimmy Carter. After all, the two principal economic engines driving the U.S. economy were automobiles and housing. The Act forced banks to misdirect their investment capital to areas and individuals that previously did not merit credit because of the high risks involved.

Thus, in place of 30-year mortgage loans that in the 1960s had fairly strict standards and required 20 percent down, we ended up with “liar loans” and 0 percent down, all with the support of Fannie Mae and the blessings of progressive officialdom. At the peak of the housing bubble in 2007, there were roughly 450 trillion dollars’ worth of derivatives and mortgage junk bonds floating in the world markets, while the combined total of GDP of all world economies was estimated at only 57 trillion dollars! Once the housing bubble burst, it almost took the developed capitalist countries down for the duration, and we are still suffering from the after-effects of this blowup.

Read More at WND . By Stan Marszalk.

 

An Open Letter To Barack Obama

Obama MLK Content Of Character Gauge SC An Open Letter To Barack Obama

Mr. Barack Obama
The White House
Washington, D.C.

Mr. Obama:

While watching the news recently (there is only ONE channel that actually broadcasts “news,” so you most likely missed it), there was much discussion about your all too familiar inability to make a decision that would actually benefit this country in addressing the escalating disaster in the Middle East. I felt it my patriotic duty to try to help you sort through this mess that you have single handedly created.

Please keep in mind that I am trying hard not to be overly critical of your performance in dealing with what is fast becoming a second holocaust, but am simply trying to help. It would be totally inappropriate for me to be critical of someone who is so uniquely unqualified, ill equipped, and massively conflicted as to what to do. So let me offer some professional advice.

Unlike yourself and your academic cronies, anarchist criminals (i.e. Bill Ayers), and your America-hating Jeremiah “God Damn America” Wright that you surround yourself with, I have actually lived in the Middle East for a number of years (i.e. Iran, Saudi Arabia, etc. etc.). I was close to the throne when Mr. Jimmy Carter threw the Shah of Iran under the bus, and you are following closely in his footsteps (but with far more dangerous and far reaching consequences.)

Your personal background has been enriched by your early association with the Muslim faith. This is true for myself as well. But our life experiences are drastically different. The vast majority of the American population, especially you and your cronies, have absolutely no understanding of the Muslim culture of the Middle East, which is significantly different from the Muslim culture of the Asian sub-continent and the world at large.

It is hard for tech-savvy Americans to envision a culture in which as much as 98% of the population can neither read nor write (and whose sole source of anything resembling information is fed to them five times a day by people whose sole motivation is POWER, a trait that would appear to have rubbed off on you.)

I experienced the revolution in Iran from the very first anti-Shah demonstration up to and including the return of the Ayatollah Khomeini; I was quite possibly the only American in the airport when the Ayatollah deplaned in Tehran.

As the Iranian revolution picked up momentum, I saw good-hearted Muslims who had been educated in this country slowly turn into “supporters” of the Ayatollah; not out of religious fervor but because of FEAR.

People instinctively fear raw violence, but they fear political and economic retribution even more so; not unlike a significant portion of our American society does since your regime came into power.

Your regime has consistently backed the Muslim Brotherhood and their allies, both overtly with billions of taxpayer dollars given in the name of “humanitarian aid,” and many say covertly through the redirection of arms and ammunition out of Iraq. And as a result, the entire Middle East is in flames; and a second holocaust is in progress. America cannot be far behind – which I am reasonably sure brings much joy to you and your cronies.

As you stand there on the golf course vacillating as to what to do, let me try to explain the situation in the simplest possible terms: The Muslim Brotherhood are the BAD GUYS, and everyone else COULD be our friends.

There has been much said about the “Democratically Elected Government” that was set aside by the Egyptian military. Democratically elected? CRAP!! There can be no “free elections” when members of the Muslim Brotherhood man the polls (and voter intimidation and massive voter fraud are the rule of the day.) There was a time when Klansmen (KKK) hovering about election polls intimidating voters was considered illegal. But now under your regime, it is evidently just fine for the Black Panthers to do the same thing; so perhaps you see nothing amiss when the Muslim Brotherhood follows your lead.

What we are facing is an irreconcilable difference in fundamental religious philosophy. In the simplest of terms, which may yet be a stretch for your massive lack of intellect, let me condense the opposing views:

Jesus said: “Follow Me, and I will make you fishers of men.”
Mohamed said: “Do as I say, or I will butcher you and your whole damned family.”

I realize that you may be confused about this term “Democratic,” given that you belong to a “Democratic” party that is in actuality the American Communist / Socialist Party. Ever since the creation of the “German Democratic Republic” (aka East Germany) in 1949, the Communist/Socialists have been fond of wrapping themselves in “Democratic” labels.

But there is a much larger issue here that cannot be cleverly obfuscated via skilled word-smithing, a uniquely American issue: FREEDOM!

I realize that you and your cronies find the concept of “freedom of the individual” most bothersome as is evidenced by your massive effort to stamp it out. But it is “freedom of the individual” that united a highly disparate and geographically dispersed people to stand together and “….with firm reliance on the protection of divine Providence, (we) mutually pledge to each other (our) their Lives, (our) their Fortunes and (our) their sacred Honor.”

The need for Freedom burns deep in the heart of every human on the face of the earth. Your free cell phones, food stamps, and Section Eight housing may entice your people back onto the plantation in abject slavery; but history has shown that even the best kept slaves in our country’s past willingly risked their lives to escape their shackles.

Support for the Muslim Brotherhood in any manner should be considered a crime against humanity.

Your policy with respect to the Middle East should be quite obvious: hunt down the leadership of the Muslim Brotherhood and remove them from the face of the earth. Your legacy is being created daily; and should you not change your course, your legacy will without a doubt rival that of Adolph Hitler for the pain and suffering you have delivered to freedom-loving people all over the world (especially to We The People of this once free nation.)

Darwin Rockantansky
Las Vegas, Nevada

Video: Valerie Jarrett’s Stand Down Order

According to the Conservative Report and as reported on by Rush Limbaugh, when Obama disappeared for eight hours during the September 11, 2012 attack on the Benghazi consulate, Valerie Jarrett took charge and may actually have given the stand down order.

We know that an email was sent at 6:07 p.m. Washington time to the White House Situation Room stating that the al-Qaeda-linked group Ansar al-Sharia was taking credit for the attack.

Shortly after this Ansar al-Sharia email came in, and some time before the CIA Annex came under attack, the stand down order was given. It is presumed that Valerie Jarrett gave the stand down order in order to protect Obama from a Jimmy Carter-like military debacle in the event the rescue effort turned out to be a failure.

Keep in mind that a stand down order can only be authorized by the President of the United States. Neither the Secretary of Defense, Leon Panetta, or the Chairman of the Joint Chiefs of Staff, General Martin Dempsey (also present in the White House Situation Room), were authorized to give this stand down order.

As revealed in Congressional testimony by Gregory Hicks (the State Department’s deputy chief of mission in Libya), a stand down order was definitely given, exemplified by the debacle involving Lt. Colonel Gibson, who remains hidden by the Obama administration to this day.

Special Operations Command Africa commander Lt. Colonel Gibson put together a rescue team; but as they were about to board a C-130 from Tripoli to Benghazi,  Gibson got a phone call from AFRICOM headquarters demanding that his team stand down.

Additionally, fighter jet groups based in Europe and on aircraft carriers, along with thousands of soldiers and special forces in nearby bases in Europe, were never dispatched. It appears a blanket stand down order was given to the entire European and Africa commands.

If Obama disappeared for eight hours and let an unelected, unqualified underling—Valerie Jarrett—give the stand down order and let Americans get slaughtered, that is treason. Or if Obama himself gave the stand down order, that is also treason.

Either way, treason was committed; and impeachment of Barack Obama must begin immediately.