Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Friday, June 15, 2012

Solyndranomics

Obama Doubles-Down On Failed Energy "Policy"

Did I hear Obama correctly yesterday when he "doubled down" on so-called "green energy" having a brighter future than ever?

Yep I sure did, thus the new word "Solyndranomics."

America, if you want to waste BILLIONS of dollars on this farce called "green energy" and give Obama the power to give his politically connected friends BILLIONS of dollars of YOUR hard-earned taxpayer dollars to be wasted on these "green energy" schemes like Solyndra, without any accountability for how your money is being spent or producing any viable results, then vote for Obama.

If you want this nonsense to stop, your choice is clear. Anyone But Obama!

Saturday, December 5, 2009

GDP vs. National Debt – The Raw Truth

Our Economy Is On A Road To Nowhere

Credit: Natural Born Conservative Blog

I read an analysis early this morning which made the claim that our GDP had to grow at a minimum of 3.5% a year over the next 10 years just to equal the National Debt.  By 2019, the Debt would be equivalent to a year’s GDP.

At first the claim sounded suspicious, but after reading the analysis, checking the sources (and doing the math myself) it appears that the claims made by Larry Walker Jr. on his blog “Natural Born Conservative” are 100% correct.

Given our economy has just undergone a major contraction in which 8.5 million jobs have been lost and is currently declining at a rate of about 1.25% a year, the likelihood that National Debt as a percentage of GDP will actually exceed 100% of GDP.

What does this mean?  It means that to service the interest on our debt alone, taxes will have to skyrocket. (I’m still working on that calculation myself based on the “average” income of the top 50% and lower 50% of all Americans.)

Excerpt:

GDP must grow from $14,198.5 to $19,224.3 billion in order to equal the National Debt by 2019. In other words, GDP must increase by $5,025.8 over the ten year period. This represents an increase of 35.4% for the period. That means that GDP must grow at a rate of 3.54% per year in order to equal our National Debt by 2019.

imageWe encourage you to give Natural Born Conservative Blog a click to read the entire article, then learn how to hide your income and cash from the Federal Government.

Sources:

GAO FINANCIAL AUDIT Bureau of the Public Debt’s Fiscal Years 2007 – 2008
http://www.treasurydirect.gov/govt/reports/pd/feddebt/feddebt_ann2008.pdf

CBO Budget Projections through 2019
http://cbo.gov/ftpdocs/105xx/doc10521/budgetprojections.xls

US Treasury National Debt
http://www.treasurydirect.gov/NP/NPGateway

 

Small Business Owner Confidence Plunges

Threats of Higher Taxes, Government Intervention, Wealth Confiscation Dim View of Economy

Credit: Mish’s Global Economic Trend Analysis

Although the Fed and most economic forecasters are all looking ahead to the recovery, small business owners do not see convinced.

Economic confidence among America's small business owners plummeted in November, as more owners cited serious concerns about cash flow and saw economic conditions for their own businesses getting worse.

  • 52 percent of owners say they have experienced cash flow issues in the past 90 days, up from 44 percent in October. ...
  • 53 percent of small business owners see conditions getting worse in the next six months, up from 43 percent in October...
  • 62 percent of small business owners rate the economy as poor, an increase from 55 percent in October...
  • 53 percent of small business owners think the overall economy is getting worse.

A majority of small business owners think the economy is getting worse, not better. And if small businesses are not confident, then they are not hiring.

Friday, December 4, 2009

Obama Blames Small Business For Lack of Jobs

Summit Exposes Lack of Business, Economics Experience

Barack Hussein Obama has never held a job in the private sector, so is it any wonder that yesterday Obama blamed small business owners for “protecting their profits” as one of the primary reasons the unemployment rate is so high?obamaclown

This gem was followed by yet another “brilliant” statement that the Government "”cannot spend its way out of recession.”

Almost $2,000,000,000,000 dollars later, reality sets in that the Government doesn’t create jobs, business’ do.  We all know that Small Businesses are the economic engine of this country, yet Obama continues to “bash and tax” them into oblivion whilst simultaneously blaming them for lack of job creation.

As someone who’s started two small businesses, I can speak authoritatively on this issue in saying “of course they protect their profits, for without those profits small business would not be able to employ anyone in the first place, much less be the economic engine of this country.”  Profits drive growth which drives economic expansion and job creation.  It really is that simple, Obama must’ve been all ‘wee-wee’d up” during Economics 101.

The fact is also that laying off employees is typically the last thing most companies want to do.  The cost of recruiting, interviewing, hiring, training new employees and making them productive within a company are so exorbitant they often take two years or more to recover. 

So are small businesses reluctant to hire in this economic climate?  You bet they are, and for good reason: We’ve had two years worth of Obama bashing small businesses (one year as a “Candidate”) threatening to increase their taxes and “spread the wealth around.”

It doesn’t take an economic genius to know that this bozo’s economic policies are ruining this country, driving us further and further into debt and eventually the bills are going to come due via higher inflation and a further erosion of the dollar’s purchasing power.

Ronald Wilson Reagan had it exactly right when he said during his first inaugural address: “In this present crisis, government is not the solution to our problem; government is the problem.”
True then, true now.


Why Is Janet Napolitano Warning Al-Qaeda in America?


Credit: NewsMax.com
Homeland Security Secretary Janet Napolitano warned that al-Qaida followers are inside the U.S. and pose the threat of terrorist attacks on Americans.
“The fact is that home-based terrorism is here,” she said in an address to the American-Israel Friendship League in New York on Wednesday night.
I wondered why this “warning” had been issued, then I read several stories about a new muslim terrorist hijacking dry-run that occurred on November 27th on AirTran Flight 297 between Houston and Atlanta that at first sounded very suspicioius, but has since been confirmed by several people who were on the flight, one an employee of NASA named Tedd Petruna.

So my question here is, why is Janet Napolitano “warning” Al-Qaeda in America and not finding and killing the bastards instead?  Where is our national security?  Why are muslims even allowed in America at this point?

Obama’s dithering and mixed signals in winning the war on terror no doubt means we’re going to fighting Al-Qaeda here on our own soil soon vis a vis more 9-11 style attacks. Clearly this “President” doesn’t want to win and our enemies know it.

“Warning” them?  Let’s find ‘em, kill ‘em, wrap their dead bodies in pig skin and drop them off via airmail back home where they belong.

This political correctness bullshit is going to get us all killed.

Related Links:
Canada Free Press: Security Incident Aboard AirTran Flight 297 Suggests Terror “Dry Run”
Dallas Morning News: Language Misunderstanding or Terrorist Dry Run?


When Left-Wing Marxists Turn On Each Other

Obama’s Good Friend William Ayers Turns On Him

I’m always heartened when left-wing marxists who want to destroy America turn on each other.
Video is from Daley Plaza in downtown Chicago.  Watch as William Ayers turns on his good friend Barack Hussein Obama over the “troop surge” in Afghanistan.

I wonder if Ayers is going to hold fundraisers for Obama in 2012 after this.  Ayers by the way was the first prominent left-wing liberal marxist in Chicago to host a fundraiser for Obama when he began his U.S. Senate run in 2006. 

Ayers is also widely suspected as being the shadow writer of Obama’s “Dreams of my Father” due to the hundreds of similarities between Obama’s and Ayers’ “writing styles.”

It’s always fun to watch when the left-wing marxist wingnuts turn on each other isn’t it?

Obama best have the Secret Service check his mail for letter bombs after this.