Posted by
skep41 on Tuesday, February 15, 2011 1:31:24 PM
Has
anybody noticed that any time any Democrat talks about anything
involving a number its either been made up out of thin air or is so
twisted and convoluted that it is worthless? The 'raw' numbers on
unemployment bear no relation to the 'adjusted' ones released by the
Labor Dept. The 'raw' weather data bears no relationship to the twisted
numbers that are used to try to make the case for Global Warming. Most
especially the president's budget baloney is so reprehensibly dishonest
that even the foolish clowns on Wall Street, frolicking in a wave of
Quantitative Easy Money printed up fresh by the Fed, are asking
questions about the ludicrous assumptions and ridiculous 'cuts'
contained in a document so mendacious that BJ Clinton's autobiography is
a masterpiece of honesty by comparison.
Unemployment and almost
anything related to the economy is one of the most distorted parts of
the Obama narrative. The feeble 'recovery' of profits isnt related to
any increase in economic activity. Housing starts are down, foreclosures
are up, fewer goods are being sold, many more people are out of work or
under-employed than at any time since the Depression that the
government caused in the 1930's by adopting similar policies to those
that are driving the current one. Two years out the Stimulus and the
entire Keynesian paradigm has obviously failed but it is still the Party
Line as the Obamunists wax eloquent about 'the recovery' that doesnt
exist.
The worst lie coming from the economic geniuses of The
Regime is their chronic understating of the inflation rate. They
accomplished this by not counting food, health care, energy and taxes in
the calculations. So while Chase Bank rakes in billions and borrows
money at zero percent from the Fed, while Archer Daniels Midland
collects billions in agricultural and ethanol subsidies, while all
public employees get hefty pay increases, Grandma and Grandpa on Social
Security have effectively had their benefits frozen while the prices of
things they buy shoot up. So the Obamunists dont want to talk about the
agencies whose funding they have doubled in the last two years; whenever
anybody mentions cuts they point to Grandma and Grandpa and say, "This
is a problem with entitlements." Its not. Social Security is funded by a
tax and is running a tiny deficit, amply covered by the IOU's written
by Congress as they looted the trust fund. Medicare has risen somewhat
but Medicaid...free health care to illegal aliens and welfare
recipients...has risen by 40% in two years.
Another rising cost mentioned by
NO ONE in government or business but mentioned
very much
by regular people is what is happening to interest rates. Not mortgage
rates, which are low for the solvent cash-rich few who can qualify, but
credit card and consumer loan rates. My wife and I had never been late
on any of our payments on a card that charged 6% interest on balances.
Imagine our surprise we received a letter telling us that the rate was
hiked to 13%. When we complained to our friends they laughed at us.
People are paying 25%, 30%, I even heard a story from a bankruptcy
lawyer of a 37% rate. These rates would have gotten a usurer crucified
in the Roman Empire, an entity not noted for its debtor-friendly
policies. People who ran huge balances and retired that debt
occasionally by refinancing their mortgage and rolling their credit card
debt into the new mortgage have now been caught holding the bag. They
are barely paying the interest on huge balances. They are effectively
slaves of a bank that can borrow money interest-free from the Fed. The
Financial Reform Bill passed last year not only didnt do anything about
this it made it worse by shutting down competition between banks.
So
as we look at a budget, described by The President this morning as
'bare bones' and 'filled with cuts', but which in effect continues the
current mad dash to insolvency you have to ask, "Do these guys believe
their own numbers? Are they that stupid or do they just think
we're
that stupid?" What did they think all that ruckus last year was about?
Do the Dems think that all that has just gone away, that we cant read
our doom in the pages of this budget? There are still people in this
country who can read history and a balance sheet. They rioted last year
at the polls. The Obamunists think that they can dance to the polls on a
wave of ignorant voters and phony ballots like they did in 2008...the
phony polls in the NYT and Time magazine prove it beyond a shadow of a
doubt but like any other number put out by liberals Obama's solid shot
at reelection is a chimera generated out of thin air. Our strength is
that the libs actually believe their own lies.