Hillary would appoint Bill on economy

Hillary Clinton will put Bill “in charge of revitalizing the economy” turns into a twofer.

The Hill

Democratic presidential front-runner Hillary Clinton is beginning to hint at what role her husband, former President Bill Clinton, could have in her administration if elected president.

At a campaign stop in Fort Mitchell, Ky., Clinton said her husband would be “in charge of revitalizing the economy.”

ABC news

“My husband, who I’m going to put in charge of revitalizing the economy, ’cause you know he knows how to do it,” Clinton told the crowd at an outdoor organizing rally. “And especially in places like coal country and inner cities and other parts of our country that have really been left out.”

So Lady Estrogen wants to put Bill in charge of the economy? Well, Bill’s experience with/in the private sector is almost as absent as hers. She’s running on his record and accomplishments? Many people don’t think he deserves a feather in his hat there.

It all sort of depends on the definition of “economy,” doesn’t it?

 

I’m sorry, did I forget about her earning millions for speeches to Goldman and Wall Street? Or Bill earning loads of cash for speeches and running a fraud charity? That experience could come in handy. Selling influence takes loads of practice… to do it right.

Hillary made around 20 million in speeches just since 2013. Hillary’s net worth is about 31 million and Bill’s is about 80 million. Just the middle-class paupers people think they are.

When Hillary talks about economic woes and 2009 with the recession, it is interesting that her income was not hindered in any way in 2009. Hill and Bill did quite fine. Then much better when she left office — after lighting up and burning down the Middle East.

According to MoneyNation reports here and here:

In 2009, Bill and Hill earned $10,084,843, Hillary earned $227,195. She made 52.7k in book sales in 2009. Then after leaving office. she cashed in on speaking fees. “In 2013 Hillary Clinton’s per year earnings from speeches was $9.7 million. In 2014 Mrs. Clinton earned $10.5 million in income from speaking fees.” (MoneyNation) Hill’s net worth peaked in 2009 at about 30 million. A sudden unexplained drop between 2010-2011 has people wondering where a big chunk of money went or if she transferred it, perhaps to Bill? No market forces appear to have caused the significant drop. She’s out of touch.

So Hillary now decided it a great campaigning point to bring in Bill on the economy, an area she knows nothing about. And Bill, with the Clinton Foundation, doesn’t impress anyone as the gold standard of economic virtue. Haiti voodoo-economics? They speciously prosper as America disintegrates around them. Not to omit their NAFTA and trade policies.

After cornering the market on speaking fees — influence peddling — Hill and Bill are just what we need to put the car back on the economic road. (achem) Wasn’t it Bill who built “the Bridge to the 21st Century?” The Onion satirized it this way back then.

Hillary’s philosophy is drink up, America, “what difference at this point does it make?
Of course, it does make one wonder what the market value of bullshit is these days?

Let me recap their design theme: The Bridge to the 21st Century will intersect with the Hillary Highway to Hell at 1600 Penna. Ave., Washington, DC. — Plan accordingly.

Russia under the gun

The incredible shrinking Ruble.

The ruble’s collapse is disastrous for Putin – and bad for you too

by Geoffrey Smith |December 15, 2014 | Fortune

A financial crisis would make the Kremlin more unpredictable, wreck western banks and heap misery on the Russian people.

Russia’s ruble is melting down faster than you can say “Vladimir Vladimirovich”. That’s nothing short of disastrous for him–but it ain’t good for you either.

The ruble fell a jaw-dropping 11% against the dollar Monday. Even when seen in the context of the dollar routing all emerging market currencies (Brazil’s real fell 1.2% and South Africa’s rand 1.5%), a move like that is straight out of the Financial Crisis Handbook–completely unsustainable. Russia has seen nothing like it since it defaulted on its domestic debt in 1998.

Given President Vladimir Putin’s status as the West’s new bogeyman, the temptation to rejoice ….

See details and the possibilities:

http://fortune.com/2014/12/15/the-rubles-collapse-is-disastrous-for-putin-and-bad-for-you-too/

At the risk of celebrating someone’s demise, it couldn’t have come at a better time. (late as it is) Be honest, if it were us they would be dancing in the streets. Sorry, I don’t see a good reason to temper my exuberant glee. This article cautions that. And the message their tentacles send to every enemy of ours will be swift.

The important thing to remember is this is absolutely not Obama’s doing. Though like Obama, Putin has a good blame game — probably even better at it. Obama’s regime and Democrats have forgotten what a threat Russia is(has been) — if they ever knew.

However, Obama is as ill suited to correctly deal with Putin and the effects this will cause, as he has been all along. Obama cannot afford another hit on his credibility, while Putin is still riding high on popularity. If Putin seemed out of control before, he’s about to get more unpredictable. The forecast already was a 4.5% shrinkage next year in their economy.

The lady sings the blues

‘Too close to call’ was not the verdict for leadership in Congress.

Said outgoing Senate Majority Leader Harry Reid, a Democrat, ” The message from voters is clear: They want us to work together.”

Dingy Harry could assume such nonsense after being obstructionist-in-chief. Only he can read those tea leaves.

Maryland and Massachusetts went to Republican governors. Republican Bruce Rauner won in Illinois and Quinn would not concede defeat. “We will never yield until all the votes are in,” Quinn said

[AOL] After years of a sluggish economic recovery and foreign crises aplenty, the voters’ mood was sour.

Nearly two-thirds of voters interviewed after casting ballots said the country was seriously on the wrong track. Only about 30 percent said it was generally going in the right direction.

Someone send out a search party because 30% of the electorate are seriously lost.

And Kay Hagan lost. Oh my, those testy voters.

RightRing | Bullright

Where would you go?

This Map Proves You Could Be Paying Less In Income Taxes If You Lived Here Instead

Justin Koski — July 18, 2014 | Western Journalism

Do states with higher or lower taxes do better economically?

While everyone has their own opinions on the question, a new study on state economic prosperity and taxation will have some saying, “I told you so.”

Governors of states with high taxes will relentlessly deny their effects on the state, or simply justify them with fairness, necessity or needed to sustain the revenue.

Governors of states with low taxes, use that as a means to attract business. For example, Governor Rick Perry (R-Texas) ran advertisements throughout California just last year in an attempt to sway companies to move to Texas because of their lower taxes.


So which of the two is actually true?

The Mercatus Center, a research center at George Mason University conducted a study to find out just that. Its key findings are:

1-Higher taxes reduce economic growth. A one percent increase in taxes results in a 1.9 percent decrease in growth.
2-Taxes impact where people live. People move to states with lower rates and leave those with higher ones.
3-Income tax progressivity (higher rates as income increases) affects new firm creation.

The key findings illustrate that if a governor wants to bring in more residents, create more jobs and make life better for everyone in it, then instead of increasing the taxes, they need to be dropping them.

If only there was a way we could get this into the hands of Congress and see if they could apply these new findings to the whole country…

Read more at http://www.westernjournalism.com/new-study-liberals-livid-challenges-everything-know-raising-taxes/?utm_source=MailChimp&utm_medium=email&utm_content=featured-stories&utm_campaign=DailyEmail07.18.14

— H/T to Dave

Obama Lied and People Cried

It is now clear as daylight that Obama lied — if there ever was any doubt. It was the fundamental crux of his plan. Even more important, it was the important key selling point to ObamaCare, the holy grail. So he sold it on a big fat lie, not just on a false premise.

 He said if you like it “you can keep it, no matter what.” This is a guy who not only has a penchant for lying, he gleefully does it. They knew it was not true but the political aides  won out. Obama used it a couple dozen times as the central selling point of his plan.

ObamaCare

ObamaCare

 Now comes the cries from all the people who lost. It hardly matters whether they bought into ObamaCare or didn’t, they lost. Of course, they try to revise his remarks but he said it over and over, succinctly and deliberately, so everyone would hear and understand it.

 “Period”  He even punctuated his remarks. It was Bill Clinton pointing the finger a thousand times over. But the blue dress is in broad daylight.

 The anti-choice president now says he meant something else. They blame insurance companies. They set out to make other plans illegal using the mandate. So not only do you not have choice, but you are taxed for it, since that is what Obamacare actually is.

Now he even has the gall to lie while trying to explain and excuse his first lie. He claims if it wasn’t changed after the ObamaCare passed, you could keep it. Lie.

 But wait, it always gets worse with Obama. In the last speech he delivered to try to hedge his declining approval, he transformed the word mandate into the word rights. Then he said they can’t ever take your rights away. Another specious sales tactic. This is akin to declaring anything people don’t want “a right” that cannot be taken away from you.

Over the big lie, we were sold a plan and they even lied about that. They called the tax a penalty. Then they called the mandate a patient’s right. It’s all based on lies. So they believe they are justified to tell unlimited numbers of lies to explain it. These justified lies are probably the worst. Remember Nixon, Watergate, and the cover up? Hard to say which is worse, though you can trace which came first. (read  my above description again, this is his latest pitch…trying to gloss over his lies and the truth in one swoop)

A woman described her typical situation in WSJ. She is a cancer patient.

“What happened to the president’s promise, “You can keep your health plan”? Or to the promise that “You can keep your doctor”? Thanks to the law, I have been forced to give up a world-class health plan. The exchange would force me to give up a world-class physician.

“For a cancer patient, medical coverage is a matter of life and death. Take away people’s ability to control their medical-coverage choices and they may die. I guess that’s a highly effective way to control medical costs. Perhaps that’s the point.”

Ms. Sundby lives in California.

Obama lies busted: no, you can’t keep your plan or doctor.

Then there are the effects of ObamaCare. Remember up till lately, deny, distort and defer any suggestions of economic effects. A simple search reveals the top 5 or 6 claiming it is bogus to suggest ObamaCare had no effect. Remember, it reduced the level of part time to 30 hours.

They claimed there is no evidence of ObamaCare affecting jobs and business. Even during the shutdown they were quick to condemn any economic effects while denying ObamaCare effects. I postulated that they intended to blame the shutdown for X-care’s effects.

ObamaCare Employer Mandate: A List Of Cuts To Work Hours, Jobs

ObamaCare’s impact on jobs is hotly debated by politicians and economists. Critics say the Affordable Care Act, with its employer mandate to provide health insurance, gives businesses an incentive to cut workers’ hours. This year, report after report has rolled in about employers restricting work hours to fewer than 30 per week — the point where the mandate kicks in. Data also point to a record low workweek in low-wage industries.

In the interest of an informed debate, we’ve compiled a list of job actions with strong proof that ObamaCare’s employer mandate is behind cuts to work hours or staffing levels. As of Oct. 17, our ObamaCare scorecard included 351 employers. Here’s our latest analysis, highlighting the consequences of cuts to work hours at more than 100 school districts due to ObamaCare’s employer mandate. Recently, we examined Indiana’s 10th Amendment challenge to the employer mandate. IBD also explained why the employer mandate will undercut the goals of ObamaCare — affordable, reliable coverage — even in cases when employers don’t cut work hours. The ObamaCare list methodology is explained further in our initial coverage; click on the employer names in the list below for links to supporting records, mostly news accounts or official documents.

We’ll continue to update the list, which we encourage you to share and download into a spreadsheet to sort and analyze. If you know of an employer that should be on the list and can provide supporting evidence, please contact IBD at jed.graham@investors.com or @IBD_JGraham.

More on the list

Here are a few examples of the lengthy list.

Indiana

Indiana state gov’t

Public

Cut hours for part-time and temp employees from a maximum of 37.5 hours per week to fewer than 30

Oct-13


Florida

SeaWorld Entertainment

Private

Cut hours for part-time workers from a maximum of 32 to 28 per week

Sep-13

Utah Alpine School District Public Cut part-time hours to a maximum of 27.5 per week, avoiding $4.2 million cost. Jobs effected 800 May-13

California

Mexican American Opportunity Foundation

Private

Cut hours of employees working up to 39 hours a week to less than 30

Aug-13

New Jersey

NEMF trucking company

Private

Cut hours for dock workers and customer service reps from 33 per week to a maximum of 29.

Number of jobs 400

Jul-13

This  has been done over time. Look at the exhaustive list. Many of them public schools and universities, and local governments. Commonly reducing hours to fewer than 30 and limiting new hires to part time. As they say, “it’s all the rage”

Anyone who said there was little evidence of effects either isn’t looking or doesn’t want to find it. Fear not, more incontrovertible proof.

The Foundry reported:

Proof That Obamacare Is Hurting the Economy

James Sherk | October 22, 2013

Today’s jobs report shows the labor market recovery remains weak—and businesses are telling the Federal Reserve one of the main reasons is Obamacare.

Last week’s Federal Reserve Beige Book includes direct references to the Affordable Care Act (aka Obamacare) causing employers not to hire workers. The Beige Book “summarizes comments [the Fed] received from business and other contacts” in each of the 12 Federal Reserve Districts. The October 16 Beige Book mentions the Affordable Care Act and its regulations 10 times—and each time, the districts report it has hurt employers, increased costs, and/or depressed hiring. Look at what businesses are reporting about the Affordable Care Act:

Summary. “Several Districts reported that contacts were cautious to expand payrolls, citing uncertainty surrounding the implementation of the Affordable Care Act and fiscal policy more generally.”

Atlanta Fed. “Employers continued to report hiring hesitancy related to changes in healthcare regulation and fiscal policy uncertainty.”

Philadelphia Fed. “In regard to hiring and capital expenditure plans, firms continued to expand cautiously, as they face ongoing uncertainty from the federal government shutdown and implementation of the Affordable Care Act.”

Richmond Fed. “Many contacts also commented on reluctance to expand due to uncertainty surrounding the Affordable Care Act; some employers cut hours or employees.”

Philadelphia Fed. “Overall, most bankers remained optimistic, although they expressed uncertainty on behalf of their business customers and for themselves over the implications of both the Affordable Care Act and a prolonged government shutdown.”

Cleveland Fed. “Most of our contacts are cautiously optimistic and expect little change in demand, although many were uneasy about fiscal issues and implications of the Affordable Care Act on their businesses.”

Cleveland Fed. “There is anxiety about rising health insurance premiums [among manufacturers], which was attributed to the Affordable Care Act.”

Cleveland Fed. “Many of our contacts are concerned about the implementation of the Affordable Care Act and the effect it will have on their total labor cost.”

Chicago Fed. “Wage pressures remained mild, while non-wage labor costs increased. A number of contacts voiced concern about the uncertainty surrounding future employer and employee healthcare costs. In addition, several reported changing their health insurance enrollment periods this year in order to match the deadlines of the Affordable Care Act.”

Dallas Fed. “One contact saw a few signed contracts designed to circumvent the Affordable Care Act (ACA) by utilizing a temporary employee full time, then hiring that person on a permanent but part-time basis when the ACA goes into effect.”

Many analysts have speculated about how Obamacare will affect the economy. The answer is very specific and real: It is costing people jobs.

One couple stated changes in their medical benefits for employees of their small business from ACA. Their premiums for covering their employees went from 355 per month to 733 per month, per employee. That’s more than double. That is not an effect? Are these deniers for real?

H/T to Dave for ideas

Obama’ economic recipe for disaster

Living in a communist economy

July 21, 2013
By Alan Caruba

In the former Soviet Union, the joke was “They pretend to pay us and we pretend to work.” It took over four decades of the Cold War to finally put an end to the lie that Communism as an economic system works. After the Berlin Wall fell in 1989, the Soviet Union came to an end on December 25, 1991. By then Communism worldwide had killed hundreds of millions of people.

Now, it is true that America is not a Communist nation, but by doggedly pursuing the theories put forth by Karl Marx and Vladimir Lenin, as well as the historically failed theories of Keynes, a British economist who believed that the government must pump money into the economy to keep it afloat, Obama has been trying to turn our Capitalist economy into a Communist one.

Calling our economy “Communist” may seem unduly harsh, but under Obama and his predecessors, the government is in charge of the banking sector, the health and insurance industries, General Motors was nationalized, the government is deeply involved in mortgage lending and now controls student loans. Now stand back and ask if the government – the State – is not now more Communist than Capitalist?

Wedded to failed economic theories, Obama has utterly failed to turn around the economy after the 2008 financial crisis and ensuing recession.

Writing in the August 2012 edition of Forbes magazine, Louis Woodhill said, “If mismanaging an economic recovery were an Olympic event, President Obama would be standing on the middle platform right now, accepting the gold medal. Deep recessions are supposed to be followed by strong recoveries, but, under Obama, the worst recession since the 1930s has been followed by the slowest economic recovery in the history of the republic. In a very real sense, there has been no recovery at all – things are still getting worse.”

Obama still has three and a half years to make things ever more worse than they are. A Marxist in every sense of the word, Obama is so wedded to his belief in “redistribution” of wealth, that he spent the first term blaming his failed economic policies in George W. Bush and blathering endlessly about “millionaires and billionaires.” If the government confiscated all their wealth, it would barely pay for its operation for a month, if that.

[/…more]

Read more: http://www.renewamerica.com/columns/caruba/130721

 

It is as if you are seeing the opening scenes of a play, one that gives plenty of hints of all that is to come. The only thing left out are the exact details but you know it is destined for doom. All you can do is sit and watch the sinister plot unfold.

What you do know, after the opening scene, is that its design leaves no way to reverse the course of events. The “fair” that is loosely tossed around has been completely stripped of meaning. All that seems to matter is the agenda.

Repeal ObamaCare Petition reply

There was a petition by We the People to repeal ObamCare. The main point was that it was hurting the economy and killing jobs. (64,655 signers)

Well, the White House issued a reply and this is all they said to those concerns:

There are a lot of myths out there about the Affordable Care Act. The idea that the health care law will somehow cripple the economy is absolutely one of those myths.
The health care law won’t hurt jobs or the middle class, and it won’t force small businesses to close up shop. It will, however, make health care more affordable and expand health insurance coverage to millions of Americans in a way that allows our nation’s businesses to continue to thrive.”

Oh, their reply was longer but this was the portion that addressed the central concerns. Now I know schools are not what they should be, and maybe a lot of the people are uninformed or naïve on many things.

Heck, 42% of the people don’t even realize ObamaCare is law. That is probably to their benefit because why would people want to repeal it if they don’t realize it is the law?

However, the WH did not address the economic and job concerns. It was really a boilerplate sales pitch for ObamaCare – the thing 42% of people don’t realize is law.

You can read the petition and his full reply here: (if you like cheap infomercials)

https://petitions.whitehouse.gov/petition/repeal-obamacare-it-killing-jobs-country-thousands-have-already-lost-their-jobs-because-it/ThDNwgrL

—————————————————————————————————————-

‘Obamacare’ Poll Finds 42% of Americans Unaware It’s Law

By Sarah Parnass
Apr 30, 2013

A new poll finds that many Americans are confused about the health care overhaul legislation commonly called “Obamacare.”
The Kaiser Family Foundation released results of a non-partisan study today finding more than 40 percent did not even know the law was in place.
Four in ten Americans (42%) are unaware that the ACA [Affordable Care Act] is still the law of the land,” the report says, “including 12 percent who believe the law has been repealed by Congress, 7 percent who believe it has been overturned by the Supreme Court and 23 percent who say they don’t know enough to say what the status of the law is.”
The survey showed public opinion on Obamacare is at its second-lowest rating in the past two years.
http://abcnews.go.com/blogs/politics/2013/04/obamacare-poll-finds-42-of-americans-unaware-its-law/

I would have hoped the percentage would be lower. But apparenty many people don’t know much about it either. That does not say much for a big part of the country.

Middle East Oil Power

In keeping with the energy oil theme, I found this article by Victor Hansen Davis:

http://www.nationalreview.com/article/347108/irrelevant-middle-east

An Irrelevant Middle East

Thanks to oil discoveries elsewhere, the region is losing its geostrategic clout.

Yet the Middle East is becoming irrelevant. The discovery of enormous new oil and gas reserves along with the use of new oil-recovery technology in North America and China is steadily curbing the demand for Middle Eastern oil. Soon, countries such as Kuwait, Saudi Arabia, and Iran are going to have less income and geostrategic clout. In both Iran and the Gulf, domestic demand is rising, while there is neither the technical know-how nor the water to master the new art of fracking to sustain exports.

In it, he talks about t the Middle East situation and the changing dynamics. Would anyone in the Middle East really take a second to realize the only reason we care anything at all about their cute little governments and relationships is the oil and dependency situation. Oh, and now for Israel too, who happens to live in a very troubling neighborhood. But its the oil that supplies them the money and power that fuels their influence.

But a new dawn is breaking. As Hanson points out, with the new technology and discoveries, it’s all too clear that the old situation is giving birth to a new one. One thing that has interested me for as long as the concerns of Iran have been at the fore, is the price of oil. Iran has admitted that it needs a price point of 117 a barrel to satisfy their demands. Whether this is by wish or necessity matters little. They have been fortunate enough in the last few years to benefit from oil prices and spikes.

Now as Victor suggests, with these new developments it could sort of “spread the wealth” around. Oil sheiks may not laugh it off as proudly as they once did. And more of their production is going to feed domestic demands than ever. So what to do if you are a rich oil sheik in say Saudi Arabia? Well, they might be looking for other lucrative businesses. As some of the oil money dries up, or they receive  less of a share than they’re used to, they will have less of those petro dollars to buy influence around the world. Their loss might well be our gain.

Back to the neighborhood. If they have less expendable world oil money, they become less of a problem for Israel. How you say, because their radical culture still exists? Well, the funny part is that with Israel’s discoveries it puts them higher on the totem pole than Arab sheiks. Call it a balancing. They can resent it all they want but it will not change that coming paradigm. And Israel, actually having a functioning burgeoning economy, will benefit all the way around while their economies based almost entirely on oil, and exporting jihad, may take a distant backseat to that real economy.

Thoughts — minimum wage

minimum wage photo: minimum wage by state minimum-wage-by-state.gif

THOUGHTS
by
Just Gene
about
MINIMUM WAGE
     
      There have been many well written and truthful articles concerning the dangers of a minimum wage. They pointed out some of the problems created, such as eliminating work entry jobs, prohibiting those new to the work force from learning the basics of steady employment, and also the increase in unemployment because companies cannot afford to carry such a large payroll and stay in business. But I see a much more dangerous outcome whereby those the minimum wage was promised to help are being totally destroyed because of it.                                                              
 
      Raising the minimum wage from $7.25 to $9.00 is an increase of over 25%. Anyone who now makes $9.00, doing a more technical job, is going to demand a 25% raise to $11.25, and those making $11.25 will demand their wages be raised, and so on, and so on, ad infinitum. The only way a business can now exist is to sell their goods and services at a higher price. This lowers the purchasing power of everybody, but the people hurt the greatest are the very one the bill promised to help. Regardless of what the government says, i.e. food and fuel are not part of the consumer price index – THEY ARE, and the less someone earns the greater the amount of their income is spent on EAT and HEAT, or putting gas in their car so they can get to work, (if they still have a job). So they can now buy less when they were told they would be better off with the higher minimum wage!!!!!!
 
      ANYONE who believes their political party is the good guys and the other political party is the bad guys has never watched a cops and robber television show. In the law enforcement industry it is known as, ” The good cop – bad cop routine”. The police are trained how to lie effectively so they can get the perp to do and say exactly what they want the perp to do and say. There is absolutely no difference between what the police do and what the politicians do. The politicians lie to get people to do exactly what they want done. Isn’t it amazing that if a citizen lies to a congressional committee they go to jail for perjury, but when an elected official lies to the government, i.e. WE THE PEOPLE, it’s considered politics as usual. Just like what happens to the perp in the cops and robbers TV show, the politicians make sure
 YOU LOSE.
 
luvya
A politician a day keeps your income away

To be or not to be…

 

“To be, or not to be: that is the question:
Whether ’tis nobler in the mind to suffer
The slings and arrows of outrageous fortune,
Or to take arms against a sea of troubles,
And by opposing end them?”–

William Shakespeare

______________________________________________________________

I want to remind people what we heard in recent years: 

It’s about the economy… or only about the debt
Republicans must stick to fiscal conservatism.
Stay away from the cultural, divisive issues.
Obama won’t be any worse than anyone else.
Let states decide those controversial issues.
Do not bring character into the debate, or campaign.

Compare Obama’s actions to those above talking points. Who said all the above? Liberals. But I heard the exact same lines from the GOP and fellow Republicans. Just because it’s repeated a thousand times doesn’t make it so.

Now I hear if the economy improves, Obama wins. If the economy is in the tank he loses.

When will the right wake up and smell the propaganda?

I want to believe “the One” cannot be reelected, even if the economy improved. Why should that be the lone deciding factor? As Scott Rasmussen says.  He does not deserve to be reelected in any case. But as we see with the sly “One”, he is making this election about anything but the economy, including big donors to Republicans — who are not running…but neither was Bush.

To the left it’s just a popularity contest: “but people like him”.

Geithner to Ryan: “what we do know is we don’t like yours.” [@4:40]