More Indicators To Point Out the Failures of Progressivism

State Fiscal Condition: Ranking the 50 States

New research from Sarah Arnett examines states’ abilities to meet their financial obligations in the face of state budget challenges that have far outlasted the Great Recession. Fiscal simulations by the Government Accountability Office suggest that despite recent gains in tax revenues and pension assets, the long-term outlook for states’ fiscal condition is negative (GAO 2013). These simulations predict that states will have yearly difficulties balancing revenues and expenditures due, in part, to rising health care costs and the cost of funding state and local pensions.

Arnett uses four different indices to analyze state solvency using each state’s fiscal year 2012 Comprehensive Annual Financial Report data. She then weights these four indices to create the State Fiscal Condition Index below.

Cash Solvency

A state’s cash solvency takes into account the cash the state can easily access to pay its bills in the near term, reflecting the state government’s liquidity. The map below indicates that most states have enough cash on hand to meet their short-term obligations.

Budget Solvency

A state’s budget solvency is its ability to create enough revenue to cover its expenditures over a fiscal year. Budget solvency varies greatly across states. As the map below shows, in fiscal year 2012-13 states had an operating ratio below 1, indicating a budget deficit.

Long-Run Solvency

Long-run solvency measures a state’s ability to use incoming revenue to cover all its expenditures, including long-term obligations such as guaranteed pension benefits and infrastructure maintenance. Long-run solvency is less sensitive to economic trends than the other measures examined here.

Service-Level Solvency

Service-level solvency is the most difficult to measure because it reflects whether state governments have the resources to provide their residents with an adequate level of services. A state’s service-level solvency is measured using taxes and revenue per capita, along with expenditures per capita.

State Fiscal Condition Index

Using the four solvency indices above, Arnett creates an overall State Fiscal Condition Index. She improves on past research about fiscal metrics by weighting each solvency indicator based on the timeframe in which it will affect state residents. Although the ranking is a snapshot in time, the states at the bottom are there due to years of poor financial management decisions, bad economic conditions, or a combination of the two. New Jersey and Connecticut face similar problems: tax revenues that have not kept up with expenditures, use of budget practices that only appeared to balance their annual budgets, and significant debt levels as a result of decades of using bonds without being able to pay for them (State Budget Crisis Task Force 2012). In addition, both states have underfunded their pension systems, resulting in billions in unfunded liabilities.

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The above says it all.  Progressivism has and always will be an utter failure.  Taxing the hell out of the “rich” (a definition that keeps changing with each successive Progressive pResident) will not work as shown above and in NORWAY where they, like the Dakotas, drill for oil and exploit their natural resources.  Norway has plenty of revenue to provide for their social programs.  For some reasons, the proggies here refuse to do the same but would rather punish corporations and the rich.  They are punishing those that will provide jobs, create wealth and provide opportunities for the middle class to succeed.
Proggies never learn….. They just keep repeating “it will be different this(next) time.”.

It Appears that History Will Pause in 2014

Our liberals feel that they are on the side of history – that things always go their way in the long term and that the United States is certain to eventually be a social democratic nation.  Perhaps, but it does seem there are some bumps on the way:

The Democratic Party’s biggest super PAC, recently retooled as an early pro-Hillary Clinton effort, will sit out the midterm elections this year.

A spokesman with the group, Priorities USA Action, confirmed to BuzzFeed on Wednesday night that it would not be involved in House or Senate campaigns.

“House Majority PAC and Majority PAC are doing everything right and making a real difference. We fully support their efforts,” said the spokesman, Peter Kauffmann, referring to the main groups supporting Democratic congressional candidates.

Priorities USA, which operates under loose campaign finance rules that allow it to raise and spend unlimited sums, put $65 million behind Barack Obama in 2012…

This, as VP Biden would say, is a “big f’ing deal”.  It is an essential surrender on a large part of the Democrat money machine.  They are giving up on 2014 and setting their sights on 2016.  And there is a certain logic in this – with Obama increasingly unpopular and heading for his second mid-term, a wipe out of the Democrats was always possible.  But Democrats have learned something under Obama – as long as you’ve got the White House and one house of Congress, you can do as you please.  Just write all the executive orders you want, refuse to pass a budget and live on continuing resolutions which allow the President to move money around pretty easily to whatever is the cause of the day for Democrats.  Democrats are confident (with reason, it should be said) that they can get Hillary in to the White House…and, given the electoral map of 2016, reasonably confident that even if they lose the Senate in 2014, they can win it back in 2016 (and thus Reid has already signaled his intent to run for -re-election that year).  This is just hard nosed, political reality coming in here.

But it also means the GOP can win big – and that can set the stage for us to win in 2016, as well.  It’ll be an interesting couple years.

The End of the GOP, or a New GOP?

Interesting:

Four Republican-leaning groups with close ties to the party’s leadership in Congress — Crossroads and its “super PAC” affiliate, the Congressional Leadership Fund, and Young Guns Action — raised a combined $7.7 million in 2013. By contrast, four conservative organizations that have battled Republican candidates deemed too moderate or too yielding on spending issues — FreedomWorks, the Club for Growth Action Fund, the Senate Conservatives Fund, and the Tea Party Patriots — raised a total of $20 million in 2013, according to Federal Election Commission reports filed on Friday.

“This is by far the biggest nonelection year we’ve ever had,” said Matt Hoskins, the executive director of the Senate Conservatives Fund. “It shows how committed people are to electing true conservatives and to advancing conservative principles.”

The golden rule of politics is, of course, “whoever has the gold, makes the rules”.  How long can the establishment GOP really retain control of the party when the non-establishment part of it is pulling in more money?

Democrats have been gleeful ever since 2008 over the GOP “civil war” – I haven’t viewed it in those terms.  It believe that what is happening is that the Republican Party is becoming a party of Jacksonians.  This would, no doubt, surprise and amuse that old Whig Lincoln who helped to build the Republican Party, but I don’t think he’s be dismayed by it, either.  We are a long way, after all, from the Republican Party of the 1860’s, just as we are from the Democrat Party of that era.  Things change and ever since FDR routed the Civil War era GOP in 1932, there has been no political party which has broadly expressed the old, Jacksonian principals of limited government.  Both parties have been broadly in favor of government, with just different ideas about just whom is to benefit the most from government largesse – though with both parties tending, in the last 20 years, to favor the rich and the poor over the middle class.

Jackson, it should be recalled, was for States’ rights…but not in an absurd sense, as shown when he smacked down South Carolina over nullification.  Jackson was in favor of free enterprise, but not to the idiotic limit of just allowing the rich to grind the poor.  Jackson’s power emerged out of the State militias rather than out of the traditional financial (in the North) or planter (in the South) Establishments.  Jackson would fight a man to the death to preserve his rights, but then adopt that enemy’s son and raise him as his own – this neatly encapsulates the American ideal.  Our modern Jacksonians – even if they don’t know they are – are also for States’ rights; for free enterprise (but getting more and more disgusted with crony capitalism); and for the right of the individual to live his or her life however they wish.  These are the general political ideals which are fueling the new forces in the GOP – and the forces which now look to take over the whole enterprise.

To be sure, the final part of this battle for the GOP might result in handing the Democrats just one more victory in 2016 – but the bottom line is that the old GOP Establishment will have to knuckle under to the TEA Party (broadly defined), or go over to the Democrats.  I think most will knuckle under – after all, any group which can raise $20 million in an off year is a force to be reckoned with…and a force which is probably going to win it all, in the by and by.

A Primer On The Minimum Wage That Even A Liberal (hopefully) Could Understand

A little primer regarding the ‘minimum wage.’

Understand exactly what a hike in the ‘minimum wage’ entails.

A compulsory hike in the minimum wage means that the price of productivity will increase.

This means that the level of what one used to purchase per dollar is less; therefore, one will be required to spend more to get the same amount of productivity.

What a set amount of money bought before the hike in the minimum wage, can no longer be bought for the same amount of money. After the hike, more money must be spent, to get the same level of productivity.

Money, is then, by definition, devalued. When money is devalued, the amount of it required to purchase a given good or service increases.

This increase is called INFLATION.

One of two things MUST happen in order to regain equilibrium between resources spent and goods produced or purchased:

1. Pass along the increased price (inflation) of goods or services to the customer; or

2. Make sure the money you spend on the manufacturing/service end results in more productivity.

Option number one results in inflation in the marketplace (rise in prices to purchase goods or services) passed on to all. This means that the money earned after the minimum wage hike has less purchasing power than the money earned prior to the minimum wage hike. This effectively negates the purchasing power experienced via any raise in pay to the worker as a result of hiking the minimum wage.

Option Number Two results in fewer workers doing more work per hour for the increased pay they get. Instead of seven people on a shift, to keep the same productivity without passing increased costs to the consumer, there may be only five people required to do the work that seven people once did. This effectively results in a reduction in the present work force at worst, or in preventing the company from hiring additional workers after attrition, at best.

This, of course, results in higher unemployment and/or lower labor participation rates, as there are now fewer jobs to be had.

In other words, contrary to all the magical thinking going on in the White House and in the war rooms of the DNC, and yes, among the democrat party faithful, there are no sustainable benefits to a *compulsory* increase in the minimum wage.

Conservatives Know Liberals; Liberals Don’t Know Conservatives

From Volokh Conspiracy:

…One other point that I find really interesting and important about Haidt’s work is his findings on the ability of different groups to empathize across these ideological divides. So in his book (p. 287) Haidt reports on the following experiment: after determining whether someone is liberal or conservative, he then has each person answer the standard battery of questions as if he were the opposite ideology. So, he would ask a liberal to answer the questions as if he were a “typical conservative” and vice-versa. What he finds is quite striking: “The results were clear and consistent. Moderates and conservatives were most accurate in their predictions, whether they were pretending to be liberals or conservatives. Liberals were the least accurate, especially those who describe themselves as ‘very liberal.’ The biggest errors in the whole study came when liberals answered the Care and Fairness questions while pretending to be conservatives.” In other words, moderates and conservatives can understand the liberal worldview and liberals are unable to relate to the conservative worldview, especially when it comes to questions of care and fairness.

In short, Haidt’s research suggests that many liberals really do believe that conservatives are heartless bastards–or as a friend of mine once remarked, “Conservatives think that liberals are good people with bad ideas, whereas liberals think conservatives are bad people”–and very liberal people think that especially strongly. Haidt suggests that there is some truth to this…

We see this all the time.  First off, anyone who is right of center in any meaningful sense can usually with 100% accuracy determine what a liberal will think on any issue before the liberal is queried.  This is why we don’t need to tune in to CNN, read the New York Times editorial page or watch the President’s State of the Union Address.  We already know what they are going to say. There is never a surprise in a liberal.

Secondly, we know that liberals will not know what we think about any particular issue, even after they have asked us.  Whatever we say will just go through the liberal’s mental filter and come out as us saying whatever the liberal believed we should have said, given that we are conservative.  The most recent example of this absurdity is the way liberals treated Huckabee’s recent comments  –  whatever one wishes to think about them, all Huckabee said as that liberals treat women as if they are unable to control their libidos and need Uncle Sugar to take care of them.  Once that went through the liberal filter, it came out in liberal thinking that Huckabee thinks that women cannot control their libidos and need Uncle Sugar to take care of them.  I can assure one and all that if Huckabee is still prominent 20 years from now, liberals will be condemning him for having once upon a time said that women cannot control their libidos.

If you read the whole article linked from Volokh, you’ll see that it starts out describing how people originally come to their views – that we tend to take up views which meet our predispositions and then tend to concentrate on evidence which confirms us, rejecting that which denies our view.  This is probably true to a certain extent.  I can see why I was open to the conservative argument when I first started paying attention to politics in the late 1970’s – Carter’s liberalism was such a clear failure that I’d have had to be an idiot to think that liberalism had the answers.  Any particular liberal out there can provide us with reasons why liberal twaddle appealed to them at the start.  But I think there is this difference – when you start entering in to conservative thought, you’ll find a variety of views right from the get-go.  Unlike the mindlessness of liberalism, conservatism has dissidents.

And because we have dissidents, we are forced to argue and when you argue (if you are to be at all successful) you have to get in to the mindset of your opponent.  You have to accord their point of view some respect and assume that they want the same good end as you, even if their means of doing so are different (and perhaps incorrect).  Liberals don’t have dissidents – the powers that be of liberalism decree that this or that is the only acceptable view and everyone must conform to it – and everyone who doesn’t is slandered as a hate-filled bigot.   Naturally, all of us would urge liberals to try and understand our views, but that won’t really be successful – a liberal who enters in to the worldview of a conservative in order to understand it would very swiftly cease to be a liberal.  Not saying that they’d go out and become TEA Party activists the next day, but they’d cease to be liberal because they’d cease to automatically accept whatever the liberal powers-that-be decree…and thus they would be ostracized by fellow liberals, and most people cannot tolerate ostracism (not for nothing did the ancient Greeks give you a choice between drinking hemlock and going in to exile; some choose hemlock as the preferable option).

What all this means is don’t expect liberals to be kind or merciful: they can’t be and remain liberals.  To remain liberals they must remain ignorant of and fearful about us.  Just keep that in mind as we battle it out.

Three More Years!

Yep, just three more years before Obama is gone.  Out the door.  No longer matters.  Can’t screw up things any more – at least, not in a way that we’ll have to care about.

And, Barry, it isn’t racism which is making us dislike you – its the whole incompetent fool thing which is getting us down.

As If…

Dear Speaker Boehner:

There is nothing I’d like better than to keep the United States House of Representatives in *conservative* hands.

Regarding that issue, we wholeheartedly agree.

In that spirit, could you kindly resign your tenure as Speaker of the House?

Under your leadership, Obamacare is still the law of the land. Those responsible for allowing four Americans to be murdered in Benghazi are yet to be held accountable. The Constitutional abuses of the IRS scandal, the “Fast & Furious” federal gun-running scandal, and NSA scandals continue to go un-investigated, and Obama continues to be held unaccountable. Under your ‘leadership,’ the Republicans in the House of Representatives have done nothing to hold the Obama administration accountable for their overreach and malfeasance and assaults on our Constitutional liberties. You supposedly practiced brinkmanship when Obama forced a government shutdown, but then acted like you owned it, and ran with your tail between your legs. It’s been “go along to get along” ever since.

And now you want to cave and give special treatment to those scofflaws who ignore our immigration laws.

Your team put up a nice graphic on Facebook today in response to President Obama’s “I have a pen” comment, to which you replied, “We have the Constitution.”

However, as much as you hold up the Constitution and parade it around like a golden calf, you have displayed no real intention of upholding it. As your actions and inaction have clearly demonstrated, to you, the Constitution is nothing more than window-dressing in a photo-op.

Speaker Boehner, you have on many occasions taken a solemn oath and promise to uphold the Constitution.

After taking those solemn oaths, on multiple occasions, you have demonstrated that your promises are as empty as must be your conscience.

If you really believe that the Constitution must be kept in conservative hands, I call upon you to resign your office as Speaker of the House of Representatives.

Whether or not your constituency in the 8th District of Ohio continues to re-elect you to as their representative in Congress is their business.

The office you hold as Speaker, however, is *our* business. You have lost the trust and confidence of those of us in the Republican Party.

You have lost the trust of the nation.

Time for you to resign, Mr. Speaker.

Sincerely,

Leo Pusateri.Boehner

An Expert Offers an Opinion on Expert Opinion

And, as you might guess, he’s in favor of the experts:

…I fear we are witnessing the “death of expertise”: a Google-fueled, Wikipedia-based, blog-sodden collapse of any division between professionals and laymen, students and teachers, knowers and wonderers – in other words, between those of any achievement in an area and those with none at all. By this, I do not mean the death of actual expertise, the knowledge of specific things that sets some people apart from others in various areas. There will always be doctors, lawyers, engineers, and other specialists in various fields. Rather, what I fear has died is any acknowledgement of expertise as anything that should alter our thoughts or change the way we live…

The author, Tom Nichols, presents himself as, “…an expert. Not on everything, but in a particular area of human knowledge, specifically social science and public policy.”  The first question that leaps to my mind is, “how do you attain ‘achievement’ in public policy?”.  I know that when I go to a doctor that I’m going to get some doctoring done – a blood pressure test, a cut stitched up, or some brain surgeried upon.  How do I know I’ve got some “public policy” when I go to an expert in public policy?  Now, don’t get me wrong, Mr. Nichols is clearly an intelligent and well-informed man and his article well repays reading – but the one thing certain about Mr. Nichols is that he’s no democrat.  He’s an elitist – someone who has gathered a certain amount of knowledge attached to a credential and thus thinks his views should carry more weight than people without the certain knowledge and, especially, the credential.  Here’s the worst thing I read:

...There was once a time when presidents would win elections and then scour universities and think-tanks for a brain trust; that’s how Henry Kissinger, Samuel Huntington, Zbigniew Brzezinski and others ended up in government service while moving between places like Harvard and Columbia…

While Mr. Nichols is clearly well-informed, I doubt that he’s really thought the matter through.  The lauding of Kissinger, alone, reveals that.  What are Kissinger’s greatest achievements?  Detente with the USSR, opening relations with the People’s Republic of China and negotiating the end of America’s involvement in Vietnam.  Somewhere on a trip between Harvard and Columbia, I guess, Kissinger decided that the USSR was eternal and had to be kowtowed to, that Mao’s China could be a partner for us and that scuttling the Republic of Vietnam were in our best interests.  Fortunately, shortly after Kissinger stopped being our national expert, we managed to get that bone-headed, non-expert Ronald Reagan who at least managed to dismantle the USSR, even if he couldn’t undo our defeat in Vietnam, nor turn our policy towards China in a rational manner (which would be to have nothing to do with that beastly, anti-human government).

Experts brought us the United States Federal Reserve.  Experts decided that we should enter full-blown, provide-them-everything-we-can-even-if-we-stinted-our-own-forces alliance with the USSR against Germany, without a reciprocal requirement of the USSR to immediately enter in to the war against Japan.  Experts shoved us in to the Korean War and then settled for a stalemate with enemies who disposed less than a 10th of the power of the United States. Experts got us in to Vietnam (and experts lost us Vietnam). Experts brought us Social Security, Medicare, Medicaid, affirmative action, the EPA and $17 trillion in debt.  Had the experts consulted the average American on any of these things, none of them would have come out as they did.  Think about it – ok, American people, I want you to decide: 33,000 dead over three years for a stalemate in Korea, or 10,000 dead in a year for complete victory?  You pick.  The experts picked the former.

If a thing is worth doing, it is worth doing badly.  That was from Chesterton, explaining that in the very important things in life – whether to marry, to bear children, to fight a war – it is of no use going to an expert.  The expert won’t know the right answer because he lacks sufficient knowledge to decide.  No matter how much time he spends in Harvard and Columbia, no matter how many credentials he acquires, he simply will not know enough.  The most brilliant economist ever produced in a university won’t know the answer to even the simple question of how much spaghetti should be produced next month.  And yet he’ll propose to tell us how to organize our whole economy.

This does not mean the average bumpkin will get it right, either, of course.  But if the average bumpkin is making his own decisions, then he’s likely only to affect – for good or ill – himself and those around him.  The expert proposes to decide for society and thus it is all of society which pays the price if the expert gets it wrong, as he almost invariably does for lack of sufficient knowledge.  But, also, I think the bumpkins will more often get it right than wrong.  A bumpkin, for instance, instinctively knows that if you’re going to fight a war, you fight it all the way with everything you’ve got.  It is true that a bumpkin might be demagogued in to a war – but he won’t be demagogued in to a war where he’s forbidden to use all of his power to fight it…or that he’s got to be more careful about offending opinions than the lives of his comrades.

I do understand the distaste Mr. Nichols has for the opinions of the ignorant and the way they can be shouted so loud because of the internet.  They irritate me, as well.  Nothing quite gets on the nerves so much as to listen to people who clearly know nothing making absurd statements about an issue.  But some of the most absurd statements these days come from people with the credentials from the prestige universities.  I understand the desire that the terms of the debate be set by just a few and that we all argue only within those parameters.  This is called adhering to the party line.  But patient people, people with a bit of love for the people; leaders who are any good, at all, learn how to humor people and get their views across even in the face of the most mind-boggling idiocy.  No great king, President or Prime Minister of the past worked with a collection of geniuses.  He worked with people, which means a certain percentage were fools and some of them quite destructive fools, at that.  There is an appeal in exiling the fools but we face two insuperable obstacles: we can’t define “fool” with sufficient precision and without the fools the truly great cannot achieve their highest potential.  Paradox of human life – it is only by the frictions of dealing with a wide variety of people, some of whom seem to go out of their way to deliberately hamper action, that we can find the leaders who will be able to thread their way through crisis to victory.

Is there, then, no place for an expert?  Depends.  When I’m heading in for brain surgery then I very much want an expert.  Same thing when I want the leaking faucet fixed.  But in the grand scheme of things and in the largest issues of life, then the experts must just join the argument and do their best with everyone else.  If an expert feels he isn’t getting his way, then it might not be so much a flaw among the morons, but a flaw in the expert’s argument.

In the end, I trust to democracy – the rule of the people.  This is not an arrogant assumption that I know better than the man with more education, but that I know what’s best for me – and even if I’m wrong, it is still vastly better for me to decide for myself than to supinely accept some allegedly expert opinion in contravention of my own sense of the matter.  Experts, after all, vigorously assured me that we had to bail out the banks in 2008-2009 in order to save the economy – my common sense rebelled against it back then and my common sense has been proven correct in the event.  The banks were bailed out, but the economy didn’t get better.  I felt instinctively that if someone made a bone-headed investment decision and faced bankruptcy, then he’d better just deal with his bankruptcy and work for the best.  I’ll bet that if the question were put that way in 2008, the vast majority of the non-experts would have agreed that the failures must endure the results of their actions.  Experts disagreed and they won the argument.  How is that working out for us?

Here we are in 2014 and our nation is a wasteland, brought to this state of affairs by experts bamboozling us in to accepting a load of nonsense about how things work.  To be sure, we average dimwits played our despicable role in this – too many of us, too many times, were eager to accept an expert opinion if it was couched in terms of “no pain, lots of gain”.  But the con artist is not let off because his mark is a sucker.  As we move forward and try to find the ways and means of fixing the problems and restoring America, I think our best course of action is to just go with plain, old common sense – the sense of the average person, even if he’s at a TEA Party demonstration with a misspelled sign.  He might not be educated, might not know all the nuances of the issue, but if his basic thrust is “leave me alone to take care of me and mine”, then I think he’s on to something…and his desire should take precedence over even the very best written policy paper from a credentialed expert.

Obame’s Failures Continue

Update: US Has Dropped Out of 10 Most Economically Free Countries

The Obama administration continues to shackle entire sectors of the economy with regulation, including health care, finance and energy. The intervention impedes both personal freedom and national prosperity.

No surprise here… 10s of 1000 of new regulations each year, an out of control EPA, a huge federal government, endless printing of money, high unemployment, increasing energy and healthcare costs, etc. etc.

http://online.wsj.com/news/articles/SB10001424052702303848104579308811265028066?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303848104579308811265028066.html

UPDATE: ANOTHER FAILURE – OBAMATEUR LOSES OVER $10 BILLION IN AUTO BAILOUT!
The unions received their full retirements while creditors (non-liberal ones anyway) got screwed….. as well as the taxpayers.  The problem is the need for bailouts will continue in the future.

http://www.latimes.com/business/money/la-fi-mo-general-motors-bailout-treasury-stock-20131209,0,4629861.story#axzz2qaJSZfhS

Al Qaeda Stronger than Before

This pResident’s War on Terror, …. uh… ahem…. excuse me…. War on Man-Caused Disasters is an utter failure.  From announcing when he was pulling out of Iraq, against anyone’s sane judgement, to tying the hands of our soldiers when it comes to engagements in Afghanistan, (where there are higher incidents of death than during the Bush years) – and it’s not simply because of the “surge”, this pResident has made action in Afghanistan more political than that of Vietnam.  He has handed Libya, Egypt (thankfully the Egyptian military has stopped – no thanks to obame), Syria (fortunately obame did not get his way in removing the present government) and now Iraq to the terrorists.  His record shows that he is not interested in fighting terrorism.  He may perform for the camera but his actions say otherwise.

Update: A Nuclear Iran!

The obame administration did not learn any lessons from what Chamberlain experienced with Hitler.  Meanwhile, Debbie Wasserface Shultz get caught in lies, while trying to please her (Debbie’s) highness’ desire  when questioned by constituents about Iran, sanctions and its continued ability to work on a bomb.

http://www.latimes.com/world/worldnow/la-fg-wn-iran-nuclear-side-deal-20140113,0,4116168.story#axzz2qPlHPeIj
http://freebeacon.com/debbies-double-talk/

Labor Participation at levels not seen since the last pRegressive pResident

But listening to the leftist talking heads we are in a recovery.  They love to site the DOW as an indicator. But any sane person knows that is due to artificial pumping of cash from the Fed.  Labor participation keeps dropping regardless of the trillions spent by this pResident.  The mindless drones will continue to utter the dumbed down talking points – “It’s Bush’s fault”, “It is the result of the tsunami, kiosks and ATMs”, “Unemployment is at 7%”, “Baby Boomers are retiring” etc. etc.

The unemployment rate uses labor participation in its calculus.  When job growth is stagnant and people are no longer participating in the labor force, they are no longer counted and the unemployment rate will drop.  The mindless drones and low information voters (they are one in the same) will continue to site the DOW and “low” unemployment, even though both numbers are based on lies.

Note: these are legitimate criticisms and by no way indicate that I hate the president because of his race.

Update: It did not take long for the mindless drones and low information voters to blame the “Baby Boomers are retiring” dumbed down talking point for the decline of the Labor Participation Rate.

The age group which has dropped out of the labor participation rate more-so than any other group is NOT the Baby Boomers.  Age group 30-59, which makes up 50% of the working population, account for labor participation rate plunge since 2007.  The same age group account for 75% of the decline in the past year! So, this pResident is directly to blame for the poor job hunting conditions that we presently experience.  Nice try, but dumbed down talking points are not valid in the sane world.

http://www.economicpopulist.org/content/record-low-labor-participation-rate-not-due-retirement-or-school-5431

Sarah Palin Vindicated – There are Death Panels in Obamacare

Tell us something we did not already know!

The Affordable Care Act contains provisions for “death panels,” which decide which critically-ill patients receive care and which won’t, according to Mark Halperin, senior political analyst for Time magazine.

“It’s built into the plan. It’s not like a guess or like a judgment. That’s going to be part of how costs are controlled,” Halperin told “The Steve Malzberg Show” on Newsmax TV.

http://www.realclearpolitics.com/video/2013/11/25/mark_halperin_obamacare_contains_death_panels.html#ooid=8zZ25waDoa-OQmTBjFMWJwiJssrg_QuXhttp:// 

MALZBERG, HOST: A lot of people said you weren’t going to be able to keep your health care, but also they focused on the death panels, which will be coming, call them what you will, rationing, is part of it…

HALPERIN: No, I agree, and that’s going to be a huge issue, and that’s something else on which the president was not fully forthcoming and straightforward.

MALZBERG: So, you believe there will be rationing, a.k.a. death panels?

HALPERIN: It’s built into the plan. It’s not like a guess or like a judgment. That’s going to be part of how costs are controlled.

Halperin went on to say that he believes the country “can’t afford to spend so much on end-of-life care,” but those judgments need to be made by individuals and insurance companies rather than the federal government.

Did he have a moment of clarity?  ”…rather than the federal government”?

Remember when Sarah Palin was trashed and mercilessly attacked by the left (typical) for revealing the fact of Death Panels?  This is more evidence by the obame administration that obamacare was sold on a pack of lies.  I am still waiting for my annual premiums to be lowered by $2500….

…. I won’t hold my breath.  Wait until the end of the year when corporate health insurance policies will be subject to the minimum federally mandated standards…. The cancellations seen at the end of last year won’t compare to those that will be cancelled this year.

“If you like your insurance you can keep your insurance.” “If you like your doctor you can keep your doctor.”  obame (obay me) knew the lessons learned from Hillarycare.  If people could not keep their insurance and doctors they would reject his plan like they did Hillary’s.  The need to lie was necessary to get it passed…just like the one that said “this is a penalty and not a tax”.

…. but the low information voters on the left (and they still troll this blog) will still be as ignorant as ever (voluntarily) and defend obAMATEUR while still maintaining he did not lie.

UPDATE: Obamacare continues to be the massive failure that we know it is and the pRegressive low information voters continue to deny.

The mindless drones continue to defend obamacare and regurgitate the talking point of millions have signed up.  However, signing up on a dysfunctional web-site and actually getting insurance are two different things.  Many are finding out that after signing up insurance companies through the website (when it doesn’t crash) have no records with the targeted insurance company of such an enrollment.

Now before you pRegressive drones screech about the link, notice that the article is from the Associated Press.  But we all know, you will latch onto that common pathetic tactic rather than address the real point of the post.

http://www.breitbart.com/Big-Government/2014/01/09/Some-find-health-insurers-have-no-record-of-them