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Obama's Economic Policies 'Fair' Or 'Poor,' Economists Say

www.huffingtonpost.com12/29/11

WASHINGTON — President Barack Obama gets mediocre marks for his handling of the economy and Mitt Romney easily outpolls his Republican rivals in an Associated Press survey of economists. The economy – and who …

Obama's Economics Reach a Hopeless New Low | Value …

www.valueexpectations.com12/27/11

ValueExpectations.com, by the founders of The Applied Finance Group and Toreador Research and Trading, provides institutional quality research to the investment community.

Instead of modeling the U.S. economy on successful states such as Maryland. New Jersey or Connecticut, Obama, Pelosi, Reid and other liberal lemmings decided to model the U.S. economy on California.

California is technically bankrupt so the result was predictable to all but the brain dead, and the U.S. is now heading for bankruptcy within the next ten years.

Ten years obviously seemed a long way off, so the administration is now speeding up America’s financial collapse by seemingly switching to a different economic model which is similar to the ones that are being used by the PIIGS, meaning Portugal, Ireland, Italy, Greece, and Spain all of whom are awash in debts.

Why The U.S. Financial System Is Collapsing

The increasing size of the federal work force is usually an early indication of what lies ahead and the Bureau of Labor Statistics reports that in the last year the federal government added 86,000 permanent (non-Census) jobs to the rolls.

And they were also high-paying jobs at that:

The number of federal salaries over $100,000 per year has increased by nearly 50% since the beginning of the recession and the average federal worker earns 77% more than the average private-sector worker.

To pay for this bigger and more expensive government, the private sector will obviously have to bear a heavier tax burden far into the future, which will likely suppress the innovation and entrepreneurship that creates growth and real opportunity.

And If No Changes Are Made Very Quickly

If these trends are not reversed, it’s hard to see how more and more Americans, especially younger Americans, will not be tempted into taking Government jobs that offer:

Better wages.

Offers the best job protection.

Allows the earliest retirement.

And guarantees the most lavish pensions.

A Look At Why Europe Is Going Bust

According to statistics from the Organization for Economic Cooperation and Development, the average Italian enjoys 42 days of vacation per year, whilst the average American has just 16.

The ISSP (International Social Survey Program) asked Americans and Europeans whether they believe;

“It is the responsibility of the government to reduce the differences in income between people with high incomes and those with low incomes?”.

In virtually all of Western Europe more than 50% thought that it was the government’s responsibility and in Spain 77% thought so.

Only 33% of Americans agree with income redistribution.

* The International Social Survey Program is a collaboration between different nations conducting surveys covering topics which are useful for social science research. The ISSP researchers develop questions which are meaningful and relevant to all countries which can be expressed in an equal manner in different languages. The results of the surveys provide a cross-national and cross-cultural perspective to individual national studies. As of 2009 there were 46 member countries.

In Greece, which just got bailed out, there are riots and its labor unions and state functionaries are still demanding that others pay for the early retirements, lifetime benefits and state pensions to which they feel entitled.

In America, however, the tea partiers are demanding less government growth, less public debt, and less bailouts.

The Pelosi Response

“It’s not really a grass-roots movement. It’s Astroturf by some of the wealthiest people in America to keep the focus on tax cuts for the rich”.

The Reid Response

Seemingly having nothing original to say, Mr. Reid held up a square of synthetic turf at a press conference last August, and declared that the town hall demonstrations were, “about as phony as this grass”.

The Charge Of The Liberal Brigade

The answer to the question, “What will happen as our increasing number of state employees confront a shrinking private-sector tax base?”.

Just look at the PIIGS.

Half a league, half a league,

Half a league onward,

All in the valley of Death

Rode the six hundred.

`Forward, the Light Brigade!
Charge for the guns!’ he said:

Into the valley of Death

Rode the six hundred.

From, The Charge of the Light Brigade by Alfred Lord Tennyson

The Senate and Republicans are to blame!

Buoyed by great expectations when he assumed office, Barack Obama has so far revealed himself to be an unfolding disappointment, and Liberals continue to look for excuses for their failed agenda.

When the answer is staring them in the face!!!

The Senate Is To Blame!

Left-wing members are now up in arms because they say they passed health-care, energy and jobs bills only to see them stall in the Senate which they say no longer works and is "broken".

These same blinded liberals claim that the Senate doesn’t work because it allows Republicans to filibuster their left-wing bills and Iowa Democratic Sen. Tom Harkin has introduced a bill to reduce the vote required to end a filibuster.

The Republicans Are To Blame!

The Republicans, who are ‘The party of "no"’ are to blame!”

The idea that extreme left-wing bills died because of the Republicans is as fallacious as saying that the Senate is broken. Until last month, Democrats had a filibuster-proof 60 votes in the Senate to go with their House super-majority and the bills stalled because moderate Democrats weren’t prepared to sign on to such liberal programs.

Some News For The Liberals

1) The Senate isn’t broken and it is performing exactly the function that the Founders intended, which is to monitor bills passed by the House and to separate the seeds from the chaff.

2) The filibuster is also serving the purpose for which it was designed which it to protect the rights of the minority in Congress.

The bottom line is that the Senate wouldn’t have to block bills and the Republicans wouldn’t have to filibuster bills if the Liberals were open to bipartisanship, but they’re not.

Misreading The Mandate

Many Dems and the liberal ones in particular saw the 2008 election of President Obama as a mandate for trans-formative change which it wasn’t.

It was simply a rejection of Bush and a belief that Obama would somehow bring about the positive and the wonderful changes that both He and over 80% of the media promised.

The predominately left-wing media (over 80% is self-confessedly left of center) loved the idea of an Afro-American president that could articulate his dream, and because he was a Democrat they loved him even more.

What they hid from the public was that Obama was a member of the New Party (communist) just 13 years ago, and that Obama so carefully concealed his past that his beliefs were shrouded in mystery.

The Blindness Is Hard To Believe

Obama has had the biggest fall in public opinion of any president on record and the Dems have suffered a string of more than surprising electoral losses and top Dems continue to announce that they won’t be running for reelection.

But in spite of the banner headlines, the Liberals still can’t read the writing on the wall!

Just last week Veteran Democrats and Republicans in the Senate last week reached a rare bipartisan agreement on a jobs bill, and what happened?

Majority Leader Harry Reid undercut the deal after hearing complaints from liberals!

Is There A Chance Of Bipartisanship?

Next week Obama will be hosting a health-care summit with congressional leaders and GOP Sen. Lindsey Graham of South Carolina sees it as a test of Obama’s commitment to bipartisanship.

"Will it be a lecture to us as Republicans, as to why we should support this big bill with a few changes, or will it be a desire to start over and get our input?".