President Obama: Does he owe Black America?

By Stacy Swimp via Thy Black Man

When our Founding Fathers wrote the Constitution, it was for all people. The Preamble reads:

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare and secure the Blessings of Liberty to ourselves and our Posterity…

The Constitution grants no preference to ethnicity or economic class. It’s a foundation for a rule of law applying equally to all Americans.

There is only one America—not a Black, White, Hispanic, Asian or any other separatist America.

Saying Obama owes special attention to Black America is contrary to the Constitution. “Black America” itself is a dysfunctional term that only promotes class warfare and ethnic unrest.

Black America” is a concept born from Black Nationalism, creating a means for Americans of African descent to eschew citizenship.

Obama owes Americans of African descent what he owes every other American. It’s not special or preferential treatment. It’s the truth—something he’s not delivered faithfully since taking office.

Instead of improving economic conditions, it would seem Obama has allowed things to get worse. For example:

•Reported unemployment last August was at 9.1 percent. In January of 2009, it was 7.6 percent. Long-term unemployment tripled during the Obama Administration.

•The average price of a gallon of gas in early September was over $3.50. When Obama took office, it was well under $2. This commodity affects the price of almost everything we buy.

•Food stamp use rose 70 percent over the past four years. There are more than 45 million Americans now on food stamps, as opposed to just over 30 million when Obama became president.

•The ranks of poverty-stricken children grew by 2 million over the past two years.

•The national debt is over 14.3 trillion dollars, up from nearly 10.7 trillion on Inauguration Day 2009.

•The federal government essentially borrowed $29,660 more dollars from every American household since Obama signed the first stimulus bill.

•In 2010, more than a million households suffered foreclosure—the first time it’s gone so high. The current pace of home sales could make 2011 the worst year for the industry in a half-century.

President Obama needs to set aside “race-baiting” politics and embrace real solutions to our nation’s problems. For instance:

•Repeal the Davis-Bacon Act that regulates federal labor agreements. This would save taxpayers over $10 billion per year and free up more money for more infrastructure projects that the Heritage Foundation estimates will create more than 150,000 jobs.

•Repeal the minimum wage law that discriminates against minorities and poor Americans—causing alarming hikes in unemployment in urban cities.

•Based on success in the states, a national “right-to-work” law could create more private sector jobs as well as more and faster personal income growth.

•The United States has the highest corporate tax rate in the developed world that punishes corporations for increasing profits and drives jobs overseas. Reform the tax code.

Americans need President Barack Obama to lead and support policies that put people back to work.

An American agenda is colorblind, for it is based upon the tenets of free enterprise, limited government and individual responsibility.

Enough of the rhetoric. Enough of the special interest politics. It’s time to follow a real plan.

Written By Stacy Swimp

Official website; http://StacySwimp.com

How Obama and Democrats Continue to Decimate the American Middle Class

By Jeffrey Klein via The Examiner

The Dodd-Frank Wall Street Reform and Consumer Protection Act,  was a “fig leaf” law manufactured by desperate Democrats for two very important  reasons [to them].

To protect the political legacies of two high-profile Democrat career  politicians, Sen. Chris Dodd (D-CT) and Rep. Barney Frank (D-MA), who, as  chairmen of their respective banking committees, were the “henchmen” who blocked  numerous attempts by the Bush Administration to step in and audit the now  collapsed Fannie Mae and Freddie Mac.

More importantly, it was to hide the fact that the “Sub-Prime Mortgage”  crisis that caused the meltdown of the U.S. economy was actually propagated by a  1995 Clinton-era wealth re-distribution plan, which “forced” banks to abandon  mortgage qualification standards so they could provide mortgages to high-risk,  low income homebuyers with little or no down.  And, according to the Law of Unintended Consequences, it was the middle class  that was most greatly devastated by financial loss and high, protracted  unemployment–even though, ironically, they are the very people President Barack  Obama and Democrats claim to be protecting now, against the “evil” capitalist  Republicans.

According to Susan Adams’ Forbes article yesterday, citing a recent  episode of CBS’ “60 Minutes,” one of the most troubling aspects of the  unemployment picture in the U.S. today is the fact that more than 4 million  Americans have been out of work for more than a year, and more than 2 million  have been jobless for more than 99 weeks, so their jobless benefits have run  out.

Long-term unemployment has reached levels not seen in the U.S. for the last  60 years.

Those who have been out of work for two or three years wind up taking drastic  measures. They sell their homes and their cars, and they pull kids out of  college. They lose contact with their professional networks and struggle with  rock-bottom self esteem.

“I was so ashamed to reach out for help, because I felt discouraged. I felt  ashamed that I had failed,” Vernon Downes tells 60 Minutes.  A  former information technology project manager for a company that makes medical  devices, he had been looking for a job for two-and-a-half years. Downes had gone  on food stamps and taken a part-time job blowing leaves for a landscaper.

A recent Business Insider article, which profiled 11 middle class men  and women who have been unemployed for at least two years, includes Veronica  Orozco.  She is a 30 year old Civil Engineer, wife of a grad student and  mother of two, who had been with a firm in Chicago.

Veronica has been unemployed since June 2007.

The article stated that most people don’t understand how someone could fail  to find a job for over a year unless he was lazy or somehow defective.   And, it was found that this stigma makes finding a job harder, every day that a  person has been unemployed.

Now, excessively long term unemployment is driving people mad–costing  taxpayers billions of dollars in mental illness and other disability  claims.

The New York Post reported Sunday that as unemployment checks run  out, many jobless people are trying to gain government benefits by declaring  themselves unhealthy.

In January, more than 10.5 million people, or about 5.3 percent of the  population aged 25 and 64, received disability checks from the federal  government, which is an 18 percent jump from pre-recession rates.

Among those claiming disability, 43 percent are asking for benefits because  of mental illness–a growing number of whom are older, former white-collar  workers.

These claims put increased pressure on the fiscal viability of the Social  Security Trust Fund, which is already set to go broke in 2018–even though last  week Congress voted to extend the “Payroll Tax Holiday” through the end of the  year, eliminating over $100 billion from the funds income.

The Post noted that the more people file for disability claims, the better  for the unemployment picture since those people are removed from the jobless  rolls.

This is most likely the primary, yet perverted, factor that has caused the  systematic and “false” reduction in the unemployment rate over the past four  months–not an upturn in the economy as President Obama would have us all  believe.

And, Obama’s refusing to approve the Keystone XL pipeline project again last  month, cost the country 20,000 desperately needed high paying jobs within  months–without any taxpayer loans.

This is just more proof of how President Obama and Democrats have decimated  the middle class in America–instead of protecting them, as they claim.

Freedom Vs. Socialism

By  via Western Journalism

Since Barack Obama has no respect for America or Americans, he will doubtlessly announce that the October 2012 unemployment rate is about 6.5% or some other ridiculous lie. Does it make any difference? Not really, because he and the Charlie McCarthy dummy who is posing as our Vice President won’t be able to survive the reality of what they have done to us since January 2009.

The problems Obama will face are growing, not subsiding.

In just the last month, the pump price of gasoline has risen .20 a gallon.  While this is bad enough, it is still worse because it put the price at a level higher than it has been in February since 1981. The reason for the rise is totally out of Obama’s control; he can’t lie his way out of it. The Iranians want to squeeze the Europeans who are already looking at $8.00 a gallon gas, so they are denying France and England oil.

The Europeans will come here to buy their gasoline because our $3.52 per gallon looks great!  When they do our price will go up whether we car pool, drive less, decide we won’t buy from this company or that company or not.  The price of gas on January 19, 2009 was $1.85.

The percentage of those who are unemployed who have been unemployed for 6 months or more has gone from 16% to 45.1 % . Never since the Great Depression has it been that high.

All of the following measurements of our national misery are presented as “On Obama’s Inauguration Day” compared to today.  These numbers come from The Senate Republican Conference. 

The raw number of unemployed Americans: 12.05 million to 12.76 million. +710,000

Americans living in poverty: 39.8 million to 46.2 million. +6.4 million

American receiving Food Stamps 32 million to 46 million +14million

Misery Index (An index combining the unemployment rate and inflation rate) 7.8 to 11.3 up 45%

Federal debt 10.6 TRILLION DOLLARS to 15.4 TRILLION DOLLARS up 44%

Federal debt assigned to each American $34,731 up to $49,058

Cost of health insurance costs per employed worker $3,354 to $4,129

College tuition $6,591 up to $8,244 an increase of 25%

The total number of available jobs 133.6 million down to 132.4 a loss of 1.2 million jobs

The value of the average American’s home $169,700 down to $147,800

No amount of phony statistics or lies can cover holes this big.

Obama’s Phony Recovery

By Dick Morris

President Obama, faced with no recovery from the recession as he enters an election year, has come up with a handy political gimmick: Fake the statistics.

The economic data that portend recovery are totally and completely inventions of Obama’s political operation. The reality is that no recovery is taking place!

Economist James Fitzgibbon, of the Highlander Fund, explains how cooked the economic statistics on which the president bases his claims of recovery really are.

Begin with “gains” in the stock market. Fitzgibbon explains that they are no indication of changes in the public mood because the public isn’t doing the investing anymore. He notes that HFT (high frequency trade computers) now “account for 80 percent [of the market’s] daily business. No one else is left because they lost their money in 2008 and the public has fled the market … Total NYSE volume is 67 percent lower on average than in 2008. Volume is 29 percent lower this year compared to 2011. The prices [have] no serious meaning.”

Have consumers, as alleged, started borrowing again? Not really. Fitzgibbon explains that “credit use has surged only because the Obama administration changed the student loan program to a direct program and those loans are now counted as part of this metric. It is not comparable to anything prior to 2011.” And, he adds ominously, “massive credit card use as measured against actual verifiable sales shows the increase is in borrowed funds to pay for food! Not my idea of a healthy sign.”

How about lower unemployment figures? Fitzgibbon says they are a “joke.” He says that the Bureau of Labor Statistics has “completely changed the … metrics as of January 2012. None of the current percentages are relatable to anything prior to 2012!” He points out that the January unemployment data are heavily adjusted for “seasonal variations.” He notes that “the actual data [show that the economy] lost 2.7 million jobs in January.” And that’s just the numerator. For the denominator — the number of people in the workforce — the data “also shows about 1.2 million people magically left the workforce.” He says one has to go back to the early 1980s to see labor force participation as low as it is now.

Auto sales? He says “auto sales are when the manufacturer dumps cars and trucks on a dealer. Inventory stuffing! It has no relationship to actual sales to a consumer. Thanks to Obama, GM dealers are drowning in product no one wants to buy. It is a meaningless data point. Only dealer-to-consumer data is useful. It is not showing any growth at all.”

Housing? He says positive news in this sector is unreliable. “The raw data we get shows it is worse than last year and in some regions [the] worst ever since the ’60s.”

So it appears that Obama’s reelection strategy hinges on asking people to believe the data he puts before them rather than the evidence of their own eyes. It won’t work.

Any economic recovery is only publicly noticed eight to 12 quarters after it has taken place. Ask George H.W. Bush, who lost the 1992 election despite very positive economic news at the end of his term. Or ask Clinton, who lost Congress despite two years of favorable job-creation numbers. It takes awhile for the good economic news to sink in. And, when there is no good news, just faked government propaganda, it takes even longer to sink in!

People will understand that Obama’s data are a lie. The economy is not some abstract issue. Real people do not depend on changes in the unemployment-rate data to gauge their mood. They are more interested in whether they can get good jobs themselves. Obama’s attempt to rig the statistics won’t work. Indeed, it is a pathetic attempt.

Related posts:

Allen West: ‘Is Someone Playing with Unemployment Numbers?’

By Kate Hicks, Web Editor, Townhall

New numbers on the economy came out today, revealing some seemingly positive trends, such as a drop in the unemployment rate. One of these numbers is a major drop in black unemployment, from 15.8% to 13.6%, a huge jump. On the surface, it’s good news.

Allen West, however, isn’t having it — he thinks someone may have tampered with the figures.

“Can someone tell me how employment in the black community has improved at a rate three times the national average in just a few months?? With numbers like today, urban communities should be well on their way to economic recovery then! There is something suspicious about the job numbers released today and it has me very concerned,” West wondered Friday. “Is this dramatic supposed decrease in black unemployment a result of job creation or is someone playing around with the census numbers??”

The numbers presented indicate a massive drop, one that we’ve never seen before — and one that doesn’t seem to reflect actual experience. Even economists are questioning the numbers:

Economists reached by The Hill for comment couldn’t fully explain the unemployment rate change for the black community. William Darity, a professor of public policy at Duke University specializing in African-American studies and economics, wrote in an email to The Hill that the decline could have been due to a smaller labor force. He called the drop an “unbelievably dramatic drop” but didn’t rule out the possibility of someone tampering with the numbers; he said there was no evidence one way or the other.

“If a large proportion of the persons exiting from the labor force were black (and the exists [sic] presumably were due to people giving up on looking for work) that could drop the black [unemployment] rate without any significant new employment,” Darity wrote. “But a one month drop in the black unemployment rate from 15.8% to 13.6% strikes me as somewhat unprecedented.”

This explanation — that the numbers indicate more people dropping out of the labor force, rather than finding jobs — seems to be the most likely, especially since a record number of people dropped out of the labor force in one month.

[It] appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that’s not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. As for the quality of jobs, as withholding taxes roll over Year over year, it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing. So much for the improvement.

Grim findings indeed, and at this point, it’s almost better to hope that the numbers were tampered with — surely, that’s a better situation than mass drop off of employment seekers.

For Help With Their Failed GM ‘Investment,’ Obama Administration Asked…Bain Capital

Posted by Seton Motley via Tea Party Nation

Note: This first appeared in BigGovernment.com.

President Barack Obama is in full 2012 reelection mode.  Part of that process is preparing to possibly take on Mitt Romney – whom (it appears) he thinks has the strongest chance to be his Republican opponent.  Which he and many Democrats think is very good news.

Romney fits right into the Left’s absurd anti-capitalism, “robber baron,” Occupy Wall Street anti-1%-er, scorched earth storyline.

Romney is very wealthy, which for Obama and his Democrats is the height of eee-vill (except – these Donkeys are mostly rich…).  Never mind that Romney’s wealth is right in line with many past Presidents and candidates – including 2004 Democrat nominee John Kerry.  (The difference?  Romney earned it, Kerry married it.)

And as Romney recently told us, he these days pays the 15% capital gains tax rate – rather than the (absurdly) higher income tax rates those of us receiving salaries do.  Never mind that this is perfectly legal (and good fiscal policy, and “fair”) – it is culled right from the Leftist, Warren BuffettI pay less in taxes than my secretary” fraudulent script.

—–

How did Romney make his coin?  Via the epitome of eeeee-villll free market entities – the venture capital firm.  His was, of course, Bain Capital.

Yes, Bain sometimes invests in failing companies.  Some of which they determine to be not worth saving, so down they go.  Welcome to Reality, Boys and Girls.

See, President Obama – it’s kind of like your “investing” in Solyndra, and Fisker, and Beacon Power, and….  Only President Obama – yours never work out.  And Bain would never dump money into such absurd companies or concepts.  And Bain uses their own coin, not ours.

Bain has created far more jobs than they’ve closed down – which again makes them the polar opposite of Obama, Inc.  There is no Staples, Sports Authority or myriad other Bain-like successes to which Obama can point and say “See, my government ‘investment’ did that.”

‘Shovel-ready’ wasn’t as shovel-ready as we expected.”  And “created or saved” doesn’t cut it – and fooled only the foolish.

—–

And, of course, the Obama Administration is chock full of Wall Street 1%-ers.  Whom they vilify and legislatively assault by day – and shake down for campaign cash by night.  Heck, Democrats receive more contributions from Bain Capital than do Republicans.  Obama has his own self received $80,000 from Romney’s old digs.

And the new Obama Administration acting Director of the Office of Management and Budget, Jeffrey Zients, worked for Bain Capital.

And behold Obama, Inc. campaign adviser Stephanie Cutter.  Who just wrote a scathing memo about Romney’s Bain days – subtitled “Profit at Any Cost.”

Cutter sounded like a sworn enemy of private equity.  Except a few years ago, she was a spokeswoman for J.C. Flowers, a private-equity firm….

Presumably Cutter wanted to be as well compensated as possible, by J.C. Flowers and the “several Fortune 500 companies” her communications firm served, according to her bio.

Just another poster-child for Obama, Inc.’s “Poverty for Thee – Not for Me,” DC-Wall Street Nexis.

For Obama, Inc., Bain’s good for campaign fodder – and campaign cash.  And, as it turns out, even more than that.

—–

We’ve just discussed Bain Capital investing – vis a vis Obama, Inc. “investing.”

One of the biggest Taxpayer Money “investments” is the $50+ billion in General Motors (GM).  Which has been an unmitigated disaster.

President Obama once promised us we’d make money on the auto bailout – then had to begrudgingly up the (admitted to) loss from $14.3 billion to $23.6 billion.  And We the Taxpayers still own 500 million shares of GM stockwhich is tanking.  So that loss number still has growth potential.

GM is foundering because they insist on doing fabulous things like overproduce the unprofitable, unpopular, combustible Chevy Volt.  And in 2010 file for more green non-energy “energy patents – a la Solyndra, Fisker, etc. – than any other company in America.

As GM continued to sink like a stone, guess who Obama’s Auto Task Force asked for assistance in trying to turn around their colossal automotive failure?

Why, Romney’s ex- Bain Capital – and their fellow Wall Streeters.

Oops.

Obama Administration officials working on a turnaround of General Motors and Chrysler asked for advice from the consulting firm Bain & Company, among other consulting firms, speaking to partners there at least twice, according to multiple sources familiar with the conversations.

In addition, a partner at Bain & Company later detailed his advice on the auto companies when he was contacted for a follow-up review by the office of the inspector general for TARP, according to that office.

——

Obama will this year be trying to convince We the People to give him four more years in the White House.

Not because of anything he’s done – because what he’s done has been atrocious – but to prevent an evil 1%-er from succeeding him.

And if that proposed successor is Romney, Obama, Inc. has the anti-Bain Capital dossier already prepared and at the ready.

But when it came down to it, Obama, Inc. had to admit that they had with GM (and just about everything else) absolutely no idea what they were doing.

And they had to go to…Bain Capital, and their fellow eeee-villl Wall Streeters, to ask for help in trying to salvage their incredible failure.

Whose expert advice he desperately sought as he amateurishly blew up General Motors – and our $50+ billion.

Allen West: GOP Must Stop Obama’s ‘Imperial Presidency’

By Jim Meyers and Kathleen Walter via Newsmax

 

Congressman Allen West tells Newsmax that President Barack Obama has “complete contempt” for Congress and is starting to believe that he has an “imperial presidency.”

The Florida Republican says Newt Gingrich is the “smartest” GOP candidate but thinks any of the Republican hopefuls can beat Obama in what undoubtedly will be a “brutal bloodbath.”

West also asserts that sanctions will not succeed in deterring Iran’s belligerency and warns that the United States should not cut the defense budget to make the military the “bill-payer” for Washington’s failure to rein in spending.

CLICK HERE TO WATCH THE 16 MINUTE VIDEO INTERVIEW WITH NEWSMAX

West, who was elected in 2010, is a member of the House Tea Party Caucus. He is also an Army veteran who served for more than 20 years, with postings in several combat zones, and retired with the rank of lieutenant colonel.President Obama has said he is hopeful for an improved economy in 2012. In an exclusive interview with Newsmax.TV, West was asked whether Americans should feel that way.“No, they shouldn’t,” West declares. “President Obama is just going to sit back and hope that things fall into his lap.“He’s not going to do anything as far as reforming our tax code so that our small business owners have some sort of predictability. He’s not going to do anything to lower the corporate tax rate and eliminate loopholes. He’s not going to do anything to correct the regulatory environment that his administration is putting forth. In 2011, his administration added more than 71,000 pages of new regulations to the federal registry. That’s not how we’re going to heal this economy.”

Asked whether Obama has given up on “hope and change,” West responds: “I think the president has given up, period, and he’s in a campaign mode. He’s going to disengage from Washington, D.C. That’s not leadership, that’s an abdication of leadership.

“What concerns me is the rhetoric around [Obama’s recent recess appointments]. He is going to bypass Congress. He has a complete contempt for the legislative branch. We don’t have an imperial presidency, but I think that is what he’s starting to believe.

“We have to be very vociferous about this. We’ve got to get in the arena and battle the president and the liberal progressive ideology in the arena of ideas.”

In response to Iran’s continuing nuclear development program and threats to shut off the flow of oil from the Persian Gulf, West tells Newsmax: “I think you have to make sure a credible military option is still on the table.

“Sanctions will only have an effect if the regime cares about the standard of living of their people. That’s not the case, so you have to have a viable military threat, because in that part of the world despots, dictators, autocrats, and theocrats only understand strength and might, and that’s what we have to show.”

West criticizes Obama for his recent announcement of deep cuts in the military budget.

“The military cannot be the bill-payer for the fiscal irresponsibility in Washington, D.C., because the military budget is only about 19.6 percent of our overall budget. The driver of our debt is the 62 percent that we spend on the interest on our debt, Medicare, Medicaid, and Social Security. So it is cowardice to not confront that 62 percent and pick on the military.”

With the New Hampshire primary today and primaries in South Carolina and his home state Florida looming, West says he still has no plans to endorse any particular GOP candidate. But he has high praise for Newt Gingrich.

“I think without a doubt he has proven to be the smartest person out there,” West says.

“He has won all the debates. He definitely has a clear vision as far as where he wants to take the country. But I think the negative ads that were run against him out in Iowa really put a little chink in his armor. Now it’s a matter of can he recover from that in New Hampshire and then in South Carolina and Florida. I think he is probably the biggest competitor for Governor [Mitt] Romney as we go forward.

Mitt Romney really has to prove himself as far as being a true conservative. A lot of people are looking at his record when he governed in Massachusetts, a blue state, and they want to know he will go with the right kind of policies because, when you look at Speaker Gingrich, there are some incredible accomplishments — the fact that he balanced the budget for a series of years, and welfare reform.”

West also downplayed former Pennsylvania Sen. Rick Santorum’s strong showing in the Iowa caucuses.

“Look at what the Iowa caucus is — a reflection of a very simple point: 120,000 voters. Well, you’ve got 300 thousand to 350 thousand registered Republicans just here in Broward County [Florida]. So is that a true indicator in Iowa? You have a very small sample out there that is not reflective of the diversity of America.”

On Texas Gov. Rick Perry, West says: “I don’t know if Governor Perry is going to be able to recover from the initial stumbles he had out of the starting gate with those debate appearances. I think he was disappointed with the showing he had in Iowa, especially with the investment he put in there.”

As for Texas Rep. Ron Paul, “When you talk about fiscal responsibility of the federal government, that perks people up. But when you transition from fiscal matters to national security and foreign policies, he really loses people.

“I think every [GOP presidential candidate] we have on the table can win the nomination other than Congressman Ron Paul.

“You’ve got to be able to draw a clear contrast between who you are, what you represent — conservative constitutional principles — and that which President Barack Obama represents: Big government, economic equality, wealth redistribution. You’ve got to show that America’s not about class, it’s about equal opportunity and not equal achievement.

“I think each one of our candidates can do that, but they have to understand it’s going to be a brutal bloodbath because this is such an important election cycle.”

Asked whether he favors one of the GOP candidates, West responds: “No, I sit back. My most important focus is to be a good representative here in District 22. We have a lot of things we need to square away in Congress. We’re going to start this kabuki dance all over again about the payroll tax [cut] extension because for whatever silly and insidious reason the Senate only wanted to extend it for two months, and Speaker Boehner decided to go along with it.

“There are a lot of issues facing us. I’m concerned with our economic situation. I’m happy that the unemployment situation has come down to 8.6, 8.5 percent, but I’m concerned whether or not that’s a seasonal bump. We need to sustain that because you have three or four million jobs that were completely lost and you have a large contingent of Americans that are under-employed.”

© Newsmax. All rights reserved.

Editor’s Note: Rep. West — Tim Tebow could teach Washington, D.C., a lesson or two about character. Read the story and watch the video — Go Here Now.