Category Archives: Barack Obama

UPDATED: The 5.4 Trillion Dollar Man (About Those 4.5 Million Jobs He Created)

Between January 20, 2009 and September 3, 2012, the national debt increased by $5.4 trillion.

A comment from a clueless reporter at the Weekly Standard:“This is the first time in American history debt has eclipsed the $16 trillion mark.”

That’s a redundancy. The debt, in general, has been going up continuously for decades, not up and down, although it might have dipped at some point in the past.

So when BHO claims that he cut a few thousand dollars off the tax bills of middle class “ingrates,” the latter should factor in the “unseen.” “The debt has increased by $45,848 per household—or about 50 percent per household,” under Obama.

$136,260 for every household in the country, that is if every household were held liable for government debt. It isn’t.

Just as it carried Bush, the minority that pays the lion share of the taxes will shoulder the burden of Barack.

UPDATE (Sept. 5): “CNN Fact Check: About those 4.5 million jobs …”:

“…overall, there are still fewer people working now than when Obama took office at the height of the recession,” concede the ObamaHeads at CNN.

Anyone watching the Democratic National Convention on Tuesday night heard the number 4.5 million several times.
“Despite incredible odds and united Republican opposition, our president took action, and now we’ve seen 4.5 million new jobs,” San Antonio Mayor Julian Castro, the party’s keynote speaker, said.
Chicago Mayor Rahm Emanuel, who served as President Barack Obama’s chief of staff, and Massachusetts Gov. Deval Patrick, who followed Obama’s November rival Mitt Romney as governor of Massachusetts, both cited the same number.
It’s a big-sounding number, given the still-sputtering job market. So we’re giving it a close eyeballing.
The facts:
The number Castro cites is an accurate description of the growth of private-sector jobs since January 2010, when the long, steep slide in employment finally hit bottom. But while a total of 4.5 million jobs sounds great, it’s not the whole picture.

MORE.

The Road To Ruin

Barack Obama, Economy, Government, Intelligence, The State

“This Thursday night I’ll offer you what I believe is a better path forward,” Obama said today in Urbandale, Iowa, where the president began his “Road to Charlotte” tour. “A path that grows this economy, creates more good jobs, strengthens the middle class, and the good news is you get to choose which path we take.”

CNN failed to provide the full quote, which I watched. BHO went on to tout all the government workers he was responsible for hiring, thereby conflating the growth of government with job creation.

Au contraire.

This is yet more evidence that the man is as thick as a brick.

In a paper entitled “The Scope of Government and The Wealth of Nations,” economists James Gwartney, Randall Holcombe, and Robert Lawson demonstrate that “government growth as a share of GDP coincides with a decline in GDP growth. Governments in high-income developed economies have now been steadily accreting for decades. The decline in prosperity or in real growth rates in these nations has been concomitant: As government share of the GDP rises, so has GDP in the OECD nations been declining.”

“A 10 percent increase in government expenditure as a share of GDP results in a 1 percent point reduction in GDP growth.”

An increase in the number of jobs for federal employees invariably comes at the cost of real, sustainable, consumer-driven jobs in the private economy.

Obama’s trick is that the private jobs never created cannot be counted.

This US president is seriously dumb.

Get Off Your Knees, Mitt Romney

Barack Obama, Democrats, Elections, Etiquette, Left-Liberalism And Progressivisim, Media, Politics

First they accuse him of being too stiff and inhibited. Then, when he loosens up and does some impromptu stand-up, bloody liberals squeal that Mitt “Romney’s ‘birther’ line was no joke.”

Yes it was a joke. And a funny one at that. Romney kidded to a crowd in Michigan that, “No one’s ever asked to see my birth certificate. They know that this is the place that I was born and raised.”

That’s funny. Now get off your knees Mitt Romeny and quit apologizing for joking, for doing a hard-day’s work, for making money, for exercising the prerogatives of private property and the fiduciary duty of a CEO managing private property and firing people, for investing wisely and utilizing tax havens (blessed places that they are), on and on.

Get off your weak knees, man!

For your edification, the story about Mitt’s “naughty” joke ran as a top news headline on all the liberal websites. Breaking News.

ABC:

Police Kill Gunman Outside Empire State Building
Romney Touches ‘Birther’ Issue He Avoided Before

CBS:

Multiple people shot near Empire State Building
Jury orders Samsung to pay $1B to Apple
Romney says “birther” joke wasn’t a swipe at Obama

Just In From Mainstream: Barack Is As Thick As A Brick

Affirmative Action, Barack Obama, Debt, Economy, Foreign Policy, Media, Neoconservatism

Here’s an excerpt from the current column, “Just In From Mainstream: Barack Is As Thick As A Brick,” now on WND:

“… Nevertheless, Niall Ferguson has performed a small service, in so far as he has offered the first comprehensive, utterly damning case against Barack Hussein Obama, from establishment intelligentsia’s perspective.

Easily his greatest feat, however, is to have admitted that Barack Obama doesn’t comprehend the issues about which he is expected to decide; to intimate that the president is a product of—how shall we put it?—political grooming.

“You can’t just march in and make that argument and then have him [Obama] make a decision,” [Lawrence] Summers told [Peter] Orszag, “because he doesn’t know what he’s deciding.”

About the president’s comprehension skills, the one Harvard professor seconds the assessment of the other, quoted above. Writes Ferguson: “I have heard similar things said off the record by key participants in the president’s interminable ‘seminar’ on Afghanistan policy.”

Now, that is remarkable.

When “You Can’t Fix Stupid” was published (April 15, 2011), legions of WND readers wrote in to patiently and laboriously explain to me that Barack Obama was not “stupid,” only evil. An evil genius, if you like.

If indirectly, Ferguson disproves that misconception.

Yet I have to wonder who here is the real schmo—the man who was led to believe throughout his “career” trajectory that he was up to the task, or the sycophants and enablers, equally represented among The American People, and among those who’ve pirated the ghost-ship of state. All have helped enforce Barack Obama’s delusions of grandeur. …”

The complete column, “Just In From Mainstream: Barack Is As Thick As A Brick,” is now on WND.

Also available from WND or from Amazon is the prophetic “Into The Cannibal’s Pot: Lessons for America from Post-Apartheid.”

If you’d like to feature this column, WND’s longest-standing, exclusive libertarian column, in or on your publication (paper or pixels), contact ilana@ilanamercer.com.

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