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Posts Tagged ‘American Decline’

American living standards decline

by Phantom Ace ( 10 Comments › )
Filed under Economy, Misery Index, Special Report, unemployment at October 20th, 2011 - 9:50 am

The last 11 years have been a nightmare for Americans. After the Internet bubble burst in 2000, economic growth did resumed, but at an anemic pace. Good paying jobs were outsourced and this led to stagnant wages. Some people made money during the Housing bubble of the mid 2000’s, but most Americans didn’t. In 2008 the economy collapsed and thanks to Obama’s debt led economic policies, the deterioration has accelerated the last 2 years. Now we are seeing downward mobility as American living standards decline.

Think life is not as good as it used to be, at least in terms of your wallet? You’d be right about that. The standard of living for Americans has fallen longer and more steeply over the past three years than at any time since the US government began recording it five decades ago.

Bottom line: The average individual now has $1,315 less in disposable income than he or she did three years ago at the onset of the Great Recession – even though the recession ended, technically speaking, in mid-2009. That means less money to spend at the spa or the movies, less for vacations, new carpeting for the house, or dinner at a restaurant.

In short, it means a less vibrant economy, with more Americans spending primarily on necessities. The diminished standard of living, moreover, is squeezing the middle class, whose restlessness and discontent are evident in grass-roots movements such as the tea party and “Occupy Wall Street” and who may take out their frustrations on incumbent politicians in next year’s election.

This should be unacceptable.

Obama Boom™ produces only 36,000 jobs yet unemployment is down to 9%?

by Phantom Ace ( 119 Comments › )
Filed under Economy, Progressives at February 4th, 2011 - 11:30 am

One thing I will admit, the Obama Boom™ is truly a miraculous economic recovery! For the first time ever unemployment is rapidly falling with anemic job creation. There were only 36,000 jobs created in the month of January, yet Unemployment fell to 9%. For the last 2 months a total of 83,000 jobs were created, yet our unemployment rate went from 9.8% to 9%? Normally it takes job growth of 250,000-350,000 to lower the unemployment rate. However, the Obama Boom ™  is defying all the economic rules and is truly historic!

WASHINGTON (AP) — The unemployment rate dropped sharply last month to 9 percent, the lowest level in nearly two years. But the economy generated only 36,000 net new jobs, the fewest in four months.

The January report illustrates how job growth remains the economy’s weakest spot, even as other economic indicators point to a recovery that is strengthening.

Friday’s report offered a conflicting picture on hiring. Unemployment fell because the Labor Department’s household survey determined that more than a half-million people without jobs found work. The department conducts a separate survey of businesses, which showed tepid job creation. The two surveys sometimes diverge.

[…]

The January report also includes the government’s annual revisions to the employment data, which showed that fewer jobs were created in 2010 than previously thought. All told, about 950,000 net new jobs were added last year, down from a previous estimate of 1.1 million. The economy lost about 8 million jobs in 2008 and 2009.

Read the rest: Unemployment falls to 9.0 pct., only 36K new jobs

Clearly the regime of Barack Hussein Obama is playing with the numbers to create a false illusion of an economic boom. The media is complying with him and selling us two themes. One is that things are rapidly improving and that the good times are here. The other theme is that any anemic job growth is structural and just the way things are. If a Republican was president the media would be saying that its a jobless recovery and the numbers are being fixed. With Obama, an historic economic boom has been declared! To be fair, an economy that produced only 900,000 jobs in a year but knocks down the unemployment number from 10.2% to 9% truly is historic!

One little unsaid fact about the jobs created during this historic Obama Boom™, they are low paying positions. These are not jobs one can save money to eventually invest and create wealth.  The jobs are low paying entry level ones that makes it difficult to get by.

NEW YORK (CNNMoney) — There are two problems with the jobs recovery to date. Employers haven’t added enough jobs. And those they have added aren’t particularly good ones.

The former has gotten a lot of attention. But the low-wage jobs that have been added are also a cause for concern.

“Growth has been concentrated in mid-wage and lower-wage industries. By contrast, higher-wage industries showed weak growth and even net losses,” said Annette Bernhardt, policy co-director for the National Employment Law Project. She said that growth has been far more unbalanced than during previous job recoveries.

Don’t think the Obama regime doesn’t like this. They love the fact low paying jobs are being created since this makes people more dependent on government services. Big Corporations love this so they can keep wages down and employees can’t seek work elsewhere. This creates a Neo-Feudal type of economy where only a few will be able to live good and the rest struggle to get by. The longer this continues, the more Americans will accept the fact that this is how things will be. This is exactly what Obama is counting on to win in 2012. Luckily for him, his opponents are the Republicans who have no balls to propose fiscal, tax and regulatory reform. Instead, the four front runners are speaking in platitudes and talking points. He is lucky to have some incompetent opponents.

Rand Paul and Paul Ryan, who are not running for President, have proposed serious ideas to get our fiscal house in order. Instead of being praised, Rand Paul gets smeared for being an anti-Semite because he wants to cut off all foreign aid ( I didn’t know that was anti-Semitic) and Paul Ryan is dismissed by his own party. Make no mistake, the elites of the Republican Party are Progressives who like this economic situation. Another faction of the GOP could care less about America’s economic plight and are more concerned about people’s morality, who is having sex or so called family values. I’m really at a breaking point with the Republican Party since they are offering no real reform proposals to restore economic opportunity or upward mobility for Americans. Instead I hear the same talking points and see no action on their part. To paraphrase the last great President: I didn’t leave the Republican party, the Republican party left me. I no longer feel as if I fit in the modern GOP. This is not Ronald Reagan’s Economic Conservative based GOP, this is a fraudulently party that has no intentions of undoing the Progressive agenda and making America economically competitive in the 21st century. They have become de facto enablers of the Progressive Democrats and the Obama regime. I will vote GOP as lesser of evils, but I am not a supporter of that party.

We are in an economic stagnation and no one seems to care or propose to do anything about it.

Update: I told everyone it would be only a matter of time before McCain would talk of cooperating with Obama. I thought it would be March, well he didn’t wait that long He waited until the first week in February to talk about cooperation with the new Centrist Obama!

The president has become more centrist, which makes him easier to work with, Sen. John McCain (R-Ariz.) said Thursday.

Speaking with Bloomberg Television a day after a private meeting with President Obama, McCain said he could picture working with Obama on several issues going forward.

“I think there’s a number of issues we could work on together, and I think it’s pretty clear that the president has really pivoted to a much more centrist position, which I think makes it much more for us easier to work with him,” McCain said.

This is the attitude of the Republican Party. They want  to cooperate with the Democrats and further the Progressive agenda and America’s economic decline. This is why I no longer support the GOP. They are useless and 2 faced. Expect to0 see the GOP talk about family values to getConservatives distracted from our economic mess. Don’t fall for it people, a Progressive with a bible is just as bad as a Secular/Atheist Progressive.

Essential Steyn

by Iron Fist ( 143 Comments › )
Filed under Barack Obama, China, Democratic Party, History, Islam, Military, Multiculturalism, Politics at January 19th, 2011 - 2:00 pm

Mark Steyn has an Excellent article in the New Criterion today that is spot on in its analysis of the Decline of both the British Empire, America, and the parallels between the two. It is a bit lengthy, but some highlights:

According to the cbo’s 2010 long-term budget outlook, by 2020 the U.S. government will be paying between 15 and 20 percent of its revenues in debt interest—whereas defense spending will be down to between 14 and 16 percent. America will be spending more on debt interest than China, Britain, France, Russia, Japan, Germany, Saudi Arabia, India, Italy, South Korea, Brazil, Canada, Australia, Spain, Turkey, and Israel spend on their militaries combined. The superpower will have advanced from a nation of aircraft carriers to a nation of debt carriers.

What does that mean? In 2009, the United States spent about $665 billion on its military, the Chinese about $99 billion. If Beijing continues to buy American debt at the rate it has in recent years, then within a half-decade or so U.S. interest payments on that debt will be covering the entire cost of the Chinese military. This year, the Pentagon issued an alarming report to Congress on Beijing’s massive military build-up, including new missiles, upgraded bombers, and an aircraft-carrier R&D program intended to challenge American dominance in the Pacific. What the report didn’t mention is who’s paying for it. Answer: Mr. and Mrs. America.

Within the next five years, the People’s Liberation Army, which is the largest employer on the planet, bigger even than the U.S. Department of Community-Organizer Grant Applications, will be entirely funded by U.S. taxpayers. When they take Taiwan, suburban families in Connecticut and small businesses in Idaho will have paid for it. The existential questions for America loom now, not decades hence. What we face is not merely the decline and fall of a powerful nation but the collapse of the highly specific cultural tradition that built the modern world. It starts with the money—it always does. But the money is only the symptom. We wouldn’t be this broke if we hadn’t squandered our inheritance in a more profound sense.

That is a terribly frightening thought. China has invested wisely in American securities to the point that in a mere ten years (which is nothing as Chinese Dynasties think of time) our interest payments will be paying for their entire military budget. Would that we were getting that kind of return for our Foreign Aid. We have borrowed billions from the Chinese to give to the Palestinians, the Egyptians, the Iraqis, Pakistanis, and Afghans. What kind of return have we gotten on that investment? It is amazing how quickly this has happened. The National Debt, accumulated for over two hundred years through Civil War, two World Wars, about a dozen smaller wars, and even boondogles like the “War on Poverty” and the “War on Drugs” was only two-thirds of what we owe now a scant four years later. If the Democrats were trying deliberately to bankrupt the Country, what, exactly, would they be doing differently? We turned out the Republicans in 2006 because they were too free with America’s money, but we went from the fryingpan into the Inferno, as measured by our accumulated debt.

It gets worse:

Somewhere along the way a quintessentially British sense of self-deprecation curdled into a psychologically unhealthy self-loathing. A typical foot-of-the-page news item from The Daily Telegraph:

A leading college at Cambridge University has renamed its controversial colonial-themed Empire Ball after accusations that it was “distasteful.” The £136-a-head Emmanuel College ball was advertised as a celebration of “the Victorian commonwealth and all of its decadences.
Students were urged to “party like it’s 1899” and organisers promised a trip through the Indian Raj, Australia, the West Indies, and 19th century Hong Kong.

But anti-fascist groups said the theme was “distasteful and insensitive” because of the British Empire’s historical association with slavery, repression and exploitation.

The Empire Ball Committee, led by presidents Richard Hilton and Jenny Unwin, has announced the word “empire” will be removed from all promotional material.

The way things are going in Britain, it would make more sense to remove the word “balls.”

It’s interesting to learn that “anti-fascism” now means attacking the British Empire, which stood alone against fascism in that critical year between the fall of France and Germany’s invasion of Russia. And it’s even sadder to have to point out the most obvious fatuity in those “anti-fascist groups” litany of evil—“the British Empire’s association with slavery.” The British Empire’s principal association with slavery is that it abolished it. Before William Wilberforce, the British Parliament, and the brave men of the Royal Navy took up the issue, slavery was an institution regarded by all cultures around the planet as as permanent a feature of life as the earth and sky. Britain expunged it from most of the globe.

It is pathetic but unsurprising how ignorant all these brave “anti-fascists” are. But there is a lesson here not just for Britain but for the rest of us, too: When a society loses its memory, it descends inevitably into dementia.

That is essential to understand. When we stop celebrating America’s Exceptionalism, we inevitably turn to condemning America for every flaw real or imagined, to the exclusion of seeing the flaws of other nations and cultures around the world. Thus, Obama bizarre impulse to go around the world, bowing to foreign potentates as though he were their slave, and apologizing to all and sundry for the very existence of America is explained. We could expect no better of Obama. He was raised and educated into this self-loathing at every turn. He would have had to have been quite an exceptional person not to turn out to be what he is. That does not excuse him. He sought the office of the Presidency, and the President should be the strongest proponent of American Exceptionalism in view. He is failing in an essential duty of the Presidency when he condemns us abroad.

There are consequences for this. Consider the following:

This has consequences. To go back to Cambridge University’s now non-imperial Empire Ball, if the cream of British education so willingly prostrates itself before ahistorical balderdash, what then of the school system’s more typical charges? In cutting off two generations of students from their cultural inheritance, the British state has engaged in what we will one day come to see as a form of child abuse, one that puts a huge question mark over the future. Why be surprised that legions of British Muslims sign up for the Taliban? These are young men who went to school in Luton and West Bromwich and learned nothing of their country of nominal citizenship other than that it’s responsible for racism, imperialism, colonialism, and all the other bad -isms of the world. If that’s all you knew of Britain, why would you feel any allegiance to Queen and country? And what if you don’t have Islam to turn to? The transformation of the British people is, in its own malign way, a remarkable achievement. Raised in schools that teach them nothing, they nevertheless pick up the gist of the matter, which is that their society is a racket founded on various historical injustices. The virtues Hayek admired? Ha! Strictly for suckers.

How are American schoolchildren to react when the President, as one of his first official acts, undertakes a multi-national Apology Tour in which he routinely condemns America for all manner of evils real and imagined? And how will schoolchildren, mis-educated as they are in Union schools that have done nothing but drop in quality over the last three generations, to distinguish between which evils America stands accused of are real and which are imagined? When America is condemned for standing with Israel, how ar they to respond? When America is called “The Great Satan” by our enemies, and the Commander in Chief agrees with that assessment, what is a fifth-grader to do?

These are important questions. America is in a mess, and that is no lie. Forty years of Liberal rule broken only by the bright light of the Reagan Administration has brought us to this. We failed to react appropriately to the outrage of 9-11, and we are paying the price in lost honor and lost lives, even as we speak. We have elected an inferior man as Leader of the Free World, a man who doesn’t even believe in the Free World, and he is selling our patrimony of freedom to the Chinese for “free stuff” with which to buy votes for his Party. As they say, read the whole thing. Steyn, as usual, is spot on.

Obamacare signals American decline

by Phantom Ace ( 147 Comments › )
Filed under Barack Obama, Progressives, Tranzis at March 24th, 2010 - 11:00 am

Many Empires and Nations have risen and fallen throughout the course of history. During the rise, individualism and innovation is stressed. Overtime however, these societies become complacent and decadence sets in. Once this occurs leaders arise promising the people that the State will take care of them. People who oppose this and want to keep the old ways that made that nation great are vilified and portrayed as part of the past. Social divisions occur and even civil war that forever destroys national unity. Then wars occur and because of the softened populace, they are not fought the way that is needed to achieve victory. That once great society either collapses or becomes weak and irrelevant.  This is what is happening to America and the Eugenics based Obamacare is a symptom of our decline.

The passage of the health care law shows that the US empire is declining because it illustrates the fact that people expect the state to take care of them, David Murrin, the co-founder of Emergent Asset Management hedge fund manager, told CNBC

In their expansionary phase, empires force people to go out, seek risks and fend for themselves, Murrin said, reminding of the dismantling of the British empire after the war, when the National Health Service, which ensures universal health coverage in Britain, was created.

Read it all:  Health Care Law Signals US Empire Decline?

This article is spot on in my opinion. America is heading the way of other great nations and this is exactly what the Tranzi Progressives want. Hopefully it’s not too late and we can avoid the fate of the previous great powers.

Update: Below is a audio Clip of David Murrin discussing how Obamacare signals the decline of America.