Archive for April, 2013

Pencil vs. Assault Pencil

Priorities

Jobs?

Dancing with the Straw Man

For many, the post 2012 elections have been one of reflection and quite a bit of frustration. To sit back and watch the train wreck—especially after having warned about the impending doom for months, nay, years—is never fun, particularly when you are on that train. There is no gratification, nor righteous dignity in being proven correct. After all, you’re on the train and have more pressing issues at hand, like survival.

But events come along the way to expose the lies and highlight the liars. Despite the claims that it was a conspiracy against the Administration, perpetuating a sea of “racist” vitriol by wannabe clansmen wrapped in the American flag while waving the Gadsden flag, there was actual, legitimate concern based on facts and common sense. The greatest disappointment from the 2012 election is how the left got away with so much racial rhetoric and never once got called out by the “legitimate” media for rampant race baiting, racial lies, and racial distortions. Really, what we witnessed was the complete and total masking of an Administrations record with claims of racism. They didn’t need to actually prove anything, they just needed the accusations to fly in order to force denials and retorts long enough to mask their failures. Obama’s campaign was the epitome of the Straw Man.

Unfortunately, as Obama’s favorite racist pastor would say, “chickens are coming home to roost.” The March job numbers were projected to be ~190,000. The honest truth of the matter is this number, in and of itself, is anemic. America needs some 300,000+ jobs to maintain population growth and retirement (the later is clearly not much of a factor anymore in the Obama economy). So when the March number came out at 88,000, it was, as Obama’s former financial advisor Austan Goolsbee said, a “punch to the gut.” It was less than half of what was projected, a massive miss. Of course, the Administrations initial knee-jerk reaction was to blame it on Obama’s Sequester, which he has worked very, very hard to Staw Man—with gleeful and dedicated help from the lapdog media—as a Republican idea. While this is incredibly ironic, it is also woefully inaccurate. No, Obama’s Sequester is not the particular economic brainchild of this Administration to be responsible for the collapse in jobs, it was actually the Obama brainchild of increasing the payroll tax and, of course, Obamacare.

This is just the latest in a long—I mean a four plus year long—malaise of poor economic indicators that are the result of poor economic decision after poor economic decision by an Administration that is either grossly incompetent or grossly complicit in handcuffing our economy to a sinking anchor of debt while, almost intentionally, undermining economic progress with atrocious fiscal policy. The real irony is that the unemployment rate went down. That’s right, another data point in the Administration’s Straw Man that the economy is coming back and that the Administration’s ideas are creating jobs. Of course, this is complete and utter bullshit. The unemployment rate dropped to 7.6% because 663,000 people STOPPED LOOKING FOR WORK. This is not new. In fact, for literally years now, the unemployment rate decline has been a result of people leaving the labor market. Of course, the Administration has been waving it’s hand and touting the rate, not the reason of decline, as evidence of their success, but this is ultimately what Obama’s economic story of “success” looks like:

The folks at www.Zerohedge.com sum it up best:

This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% – the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is “improving.”

This graphic does a fantastic job of exemplifying the disconnect between propaganda of job creation with the reality of labor participation:

There have been, of course, many other Staw Men setup by the Administration as well, and—unfortunately—the deceit paid off in the election. A large proportion of youth voted for Obama, the irony of which is that Obama has financially hurt the youth of this country more than any other President in modern times. Per the Wall Street Journal:

22.9%: The unemployment rate for Americans under age 25, adjusting for the decline in the labor force since the start of the recession.

Perhaps no group has been hit harder by the recession and grinding recovery than the young. The official unemployment rate for those under age 25 is 16.2%, more than double the rate for the population as a whole. In percentage terms, unemployment has fallen far more slowly for young people than for the wider population.

Of the 663,000 that dropped out of the labor force in March, 236,000 of them were under 25. And how about that “War on Women” the left consistently pushes, facts be damned? 315,000 of the mass exodus were women.

For the Administration, this is the New Normal:

This is, by no means, the end either. Higher taxes and intrusive, obstructive and burdensome policies will continue to prevent job growth, consumer confidence will continue to wane, and then the house of cards will tumble. The irony will be when the very fools who blindly swallowed Obama’s bait, fall into the sea of broken hopes pitched by the Chicago Jesus. The mirage is coming to an end, but it is really a shame in how many will be forced to starve in the desert because they were to naive to open their eyes and see the Straw Man for the deception that he is.