► Show Top 10 Hot Links

Posts Tagged ‘Economy’

The First Snowball in the Avalanche?

by tqcincinnatus ( 159 Comments › )
Filed under Democratic Party, Economy, Politics, Republican Party at September 9th, 2009 - 5:00 am

Remember back in 1994, how there were a ton of Democrat elected officials who switched to the GOP once they realised how unpopular, arrogant, and out of touch the Democrat Party was?  Well, it might be starting again, and in Vermont of all places,

State Auditor Tom Salmon entered the statehouse Tuesday as a Democrat, only to announce he was leaving that party and joining the GOP.

I’m changing my political affiliation to align myself with a party more committed to the realities of our fiscal condition,” he said, “and who I think have the abilities to manage the very real and troubling economic and social conditions which confront us not only today but over the next decade.”

Salmon said last session’s budget process was “rife with deficiencies and dysfunction.” He predicted poor planning would lead to tax increases, which would make the economy even worse.

 “It was very evident the state was out of balance in trying to respond to its fiscal challenges,” he said. “So let me say simply that today is my fiscal wake-up call.”

Salmon’s father was a Democratic governor in the 1970s. He said the party has changed since then and no longer reflected his values.

In many ways I’m not leaving the Democratic Party, the Democratic Party left me and tens of thousands of other people in a reunion with the Progressive Party and their values,” Salmon said, “which are valid values, they just are not my values in relations to operating as a state political leader.”

Butbutbutbutbutbutbut the left wing bloggers told me that the Republicans were out of the mainstream, and were scaring people away, and were dooming themselves to oblivion by opposing Obama’s fiscal program!  You mean they were wrong?

May Tom Salmon be the first of many non-nutso Democrats who wake up and leave the dark side.

Stupid Is As Stupid Does

by tqcincinnatus ( 150 Comments › )
Filed under Economy at August 24th, 2009 - 5:14 pm

If a group of normal, reasonably-intelligent and thoughtful people were faced with the choice of either making a relatively minor concession regarding their pay during recessionary times, or else losing their jobs entirely, what would these normal, reasonable, thoughtful, intelligent people do?   They would make the concessions, but keep the jobs that are still putting food on the table and shoes on their kids’ feet.

Now, if a group of dimwitted union thugs were faced with the same choice, what would they do?  They’d reject concessions, and drive their factory to another state.

Union workers at Mercury Marine put their jobs at risk Sunday when they rejected a package of wage and benefit concessions the boat engine maker said it needed or it would move their work to a nonunion plant in Oklahoma.

Union leaders did not immediately release Sunday’s tally but said the vote was “overwhelming” to reject what the company called its final offer.

The International Association of Machinists and Aerospace Workers, Local 1947, represents 850 workers at Mercury Marine, the largest employer in the eastern Wisconsin city of Fond du Lac and the world’s largest manufacturer of boat and recreational marine engines.

Mercury Marine had asked for changes to a four-year contract it signed a year ago. The company had said workers would see no pay cuts under its proposal, but the union said workers were asked give up 2 percent pay raises in each of the last two years of the contract. The average hourly wage now is about $20, the union said.

Mercury Marine issued a statement after the vote saying it will move many of its Fond du Lac manufacturing operations to its facility in Stillwater, Okla., over the next two to three years. The company said it would continue to operate the Fond du Lac facility for now under the terms and conditions of the existing contract, which expires in 2012.

Brilliant move.  This really puts the rocket in rocket science.  Reject the one way that the company’s going to be able to keep you in your job, so that the factory has to be shut down.  I reckon there will be several thousand people in Oklahoma thanking them, however.

Please note, the union workers weren’t even actually being faced with a pay cut.  They were merely being asked to forego raises for the last two years of the contract.  Let’s note also – because 850 union members decided that they wanted to be selfish, money-grubbing morons, upwards of 5,000 people in the Fond du Lac area are going to suffer the economic ripples caused by associated suppliers, as well as non-union administrative personnel, also being put out of jobs. 

I’m glad I live in a right to work state.

Obama’s Approval Rating Reaches New Low

by tqcincinnatus ( 26 Comments › )
Filed under Barack Obama, Economy, Polls at August 13th, 2009 - 9:04 pm

It’s a shame that it’s not September 2012 already.  Because then, President Obama, who we can now call “Mr. 47%” would probably get to join all of the people that his policies have put into the unemployment line.

Overall, 47% of voters say they at least somewhat approve of the President’s performance. That’s the lowest level of total approval yet recorded. The President’s ratings first fell below 50% just a few weeks ago on July 25. Fifty-two percent (52%) now disapprove.

We get something of a hint as to why this is,

Nationally, support for the health care reform plan proposed by President Obama and congressional Democrats has fallen to a new low. Just 42% favor the plan while 53% are opposed. Other data shows that 51% fear the federal government more than private insurance companies. Forty-one percent (41%) fear the insurance companies more. Overall, 32% favor a single-payer health care system for the U.S. while 57% are opposed.

I guess the President’s strategy of telling people to shut up because “he won” and “he’s President”, suggesting that legitimately concerned citizens at town hall meetings are really just kook right wing fringe extremists to whom we don’t need to listen, and trying to sneak 1000+ page bills through Congress before anyone can find out what they contain isn’t working.  For a change of pace, maybe Obama might try a little honesty, transparency, and responsiveness to the will of the people?

Nah, that’s just crazy talk.

More bad news for Obama, the Democrats, AND all of us Americans who will have to continue to suffer because of the obtuse policies of these buffoons – Last week’s new jobless claims rate was, ah, “revised upward” to 558,000 claims.   But but but, I thought that unemployment went down 0.1% last month and that prosperity was just around the corner? 

Reality check – the reason the unemployment rate went down 0.1% last month was not because new jobs were being created.  It was due to the vagarities of the way the “unemployment rate” is calculated, coupled with the fact that many workers are becoming classified as “discouraged workers” and being factored out of the labour force entirely.   What’s worse, when you calculate the U6 unemployment rate – which is basically the entirety of people completely out of work plus those who are want to work full-time hours but are only able to obtain part time work (which is also a factor in employment slowdown), it’s at 16.3%.  Folks, that’s in the range that was consistently seen throughout the Great Depression, when we had another socialist pushing through grandiose deficit-spending schemes and make-work programs which utterly failed to do anything beneficial. 


This is why you don’t just take Obama’s word for it

by tqcincinnatus ( 45 Comments › )
Filed under Barack Obama, Economy, Healthcare, Politics at August 11th, 2009 - 4:52 am

Because chances are, he’s lying to you.  Case in point, the White House’s new “Reality Check” website about health care “reform”,

A new Web site launched Monday by the Obama administration to rebut alleged disinformation about the administration’s efforts to reform the health care system claims that reform “would not add one penny to the deficit”–despite the fact that the two health care reform bills that have been analyzed by the Congressional Budget Office are predicted by the CBO to increase the national debt by $239 billion and $1.042 trillion respectively.

The administration, meanwhile, has not produced any health-care reform legislation that has been independently determined to be deficit-neutral.
 
Appearing on CNN yesterday, Linda Douglass, communications director for the White House Office of Health Reform, said that the new Web site that premiered today has been designed to defeat disinformation and make sure people “can get the facts” about health care reform.

“You know, one of the things we’re going to be doing this week is making available a Web site where people can go to get the facts about health insurance reform,” Douglass said in an interview with CNN’s Howard Kurtz. “There’s a lot of misinformation, and there is, as I said in the video, a lot of disinformation. That’s information that’s meant to mislead you. So, we’re going to have a new site where people can go, they can get the facts, they can share it with family and friends.”

But in its first day of operation the Web site claimed that the reform “will not add one penny to the deficit,” a claim that cannot be made for any bill that has been drafted in Congress and analyzed by the CBO.

Who to believe….the Obama administration, which has an obvious partisan interest in lying to people about the effects of the health care bills which its Party is pushing, or the Congressional Budget Office, which has always had a reputation for being reasonably non-partisan.

And c’mon, do they really think people are stupid enough to believe that the nationalisation of one-sixth of the economy isn’t going to create some rather large deficits?  Financially speaking, the only way that could be avoided is by raising taxes extensively, including taxes on the middle class (which, IIRC, Obama promised not to do back during the campaign, so we know they won’t be taking that route, right???)

This, in a nutshell, exemplifies what the Obama administration is and will continue to be – non-transparency, smokescreen, falsehood, chicanery, and waste.