Thanks Mr Obama: Big Income Losses for Those Near Retirement

From the New York Times Business Day:

Americans nearing retirement age have suffered disproportionately after the financial crisis: along with the declining value of their homes, which were intended to cushion their final years, their incomes have fallen sharply.

The typical household income for people age 55 to 64 years old is almost 10 percent less in today’s dollars than it was when the recovery officially began three years ago, according to a new report from Sentier Research, a data analysis company that specializes in demographic and income data.

Across the country, in almost every demographic, Americans earn less today than they did in June 2009, when the recovery technically started. As of June, the median household income for all Americans was $50,964, or 4.8 percent lower than its level three years earlier, when the inflation-adjusted median income was $53,508.

Since your 2008 “Hope and Change,” what kind of hope and change has occurred?  I’d submit this: no hope, much change.  See above.

The common Political Yardstick: are you better off today than you were four years ago?  And what does your future portend?

No, I’m not.  And I’m facing a slanted SCOTUS, ObakaKare and CapNTax.

Further:

Odds of Global Recession Are 100%

There’s still a 100 percent chance the world heads into recession, Marc Faber, publisher of “The Gloom, Boom & Doom Report,” told CNBC’s “Closing Bell” on Thursday, echoing a call he made in May.

Bloomberg | Getty Images
Marc Faber, managing director of Marc Faber Ltd. and publisher of the Gloom, Boom and Doom Report

When you look at the major economies, Europe, the U.S., China and the emerging markets that are dependent on China for growth, Faber, aka Dr. Doom, only sees weakness.

“Europe is already in recession,” he said. “Germany is still growing very, very slightly, but is likely to go into recession soon.”

Growth in the U.S. is also falling off. “The U.S. economy has decelerated and I don’t see much growth in the next six to 12 months,” Faber said.

There’s also little the Federal Reserve and other policy makers can do to turn the U.S. economy around. “I think that if you look at the injection of liquidity and the intervention by the Federal Reserve and the Treasury with fiscal measures, it has already impoverished the U.S. economy,” he said.

Right.

All is well.

Hope and change.

BZ

 

Just like “1984”: White House Sets Ground Rules for Local Interviews

Imagine that.

The Obama Administration attempting to control the DEM/MSM.

From Keith Koffler, a veteran White House reporter:

The White House is doing something with its local TV interviews that it could not easily get away with in encounters with the White House press corps, which President Obama has been studiously ignoring: choosing the topic about which President Obama and the reporter will talk.

In interviews with three local TV stations Monday, two from states critical to Obama’s reelection effort, Obama held forth on the possibility of “sequestration” if he and Congress fail to reach a budget deal, allowing him to make his favorite political point that Republicans are willing to cause grievous harm to the economy and jobs in order to protect the rich from tax increases.

Obama Monday threw the White House press corps a bone by suddenly appearing in the briefing room for 22 minutes and taking questions from a total of four reporters. It was his first press conference at the White House – albeit in miniature – since March, and only his second of the year. Obama before Monday had taken exactly one substantive question from White House reporters since June.

Can you imagine the results had Bush 43 done the following:

– Set ground rules for interviews;
– Avoided the White House press corps for five months?

Yes: 24/7 excoriation would have been the result.

For Obama?  No.  Because the DEM/MSM are “in the tank” for Mr Obama due to his duality: he is Demorat and he is black.  He is, in a media sense, (and continues to be) untouchable.

That said, have you heard or read a portion of how your 2009 “Stimulus” funds were actually spent?  Likely not.  Read it here first:

Now: from the WashingtonTimes.com:

Labor Department spends stimulus funds for ads during Olbermann, Maddow shows

The Labor Department paid out hundreds of thousands of dollars in federal stimulus funds to a public relations firm to run more than 100 commercials touting the Obama administration’s “green training” job efforts on two popular MSNBC cable shows, records show.

The commercials ran on MSNBC on shows hosted by Rachel Maddow and Keith Olbermann in 2009, but the contract didn’t report any jobs created, according to records recently reviewed by The Washington Times.

Spending reports under the federal Recovery Act show $495,000 paid to McNeely Pigott & Fox Public Relations LLC, which the Labor Department hired to raise awareness “among employers and influencers about the [Job Corps] program’s existing and new training initiatives in high growth and environmentally friendly career areas” as well as spreading the word to prospective Job Corps enrollees.

Ultimately, the firm negotiated ad buys for “two approved spots” airing 14 times per week for two months on “Countdown with Keith Olbermann” and “The Rachel Maddow Show,” according to a project report, which listed the number zero under a section of the report asking how many jobs had been created through the stimulus contract.

David Williams, president of the nonprofit watchdog Taxpayers Protection Alliance, called the contract “questionable” because it created no jobs and because of the placement of the ads on shows viewed as friendly to the administration’s policies.

“Hiring a PR firm does not create jobs and this was obviously meant for selling a particular political agenda,” Mr. Williams said. “The placement really reeks of a political ad rather than a job ad, and taxpayers see through this.

“Taxpayers would be a lot happier at the end of the day to see a completed road rather than a bunch of ads on cable television,” he said.

I say: YOUR FEDERAL TAX DOLLARS AT WORK.
As in: YOU paid “stimulus dollars” for a litany of Obama propaganda advertisements.
As in: YOU, as an American Taxpayer, were once again FLEECED.
This is YOUR money, ladies and gentlemen.  YOUR MONEY.
Do you care?
BZ

 

 

Demorats are frantic; they admit in an e-mail:

[From an official BHO mass e-mailing.]

Dear _____ :

I just got back from Iowa, where we are being outspent 2 to 1 on the air. Voters there mentioned it to me more than once.

We expect Mitt Romney and the Republicans to outspend us.

What I will not abide is getting outspent by a margin that negates all the hard work our volunteers are doing — talking to voters, knocking on doors, making calls.

We are in control of that outcome, but our time to close the gap is dwindling. After three consecutive months of being significantly outraised, it couldn’t be more urgent.

Will you make a donation of $3 or more?

If we win this election, it will be because of what you did.

I don’t get to tell you enough how grateful I am.

Thank you,

Barack

P.S. — In a few weeks, I’ll accept our party’s nomination for president onstage in Charlotte, North Carolina. I wouldn’t be there without you.  Any donation you can make today automatically enters you and a guest for a chance to join me and Michelle as VIP guests of the convention. Hope to see you there.

Oh, the Demorats are stridently, splendidly confident that they’ll win in less than 90 days.

Or are they?

BZ

 


The Obama Administration knows it’s tanking our economy, and is preparing for the resulting civil insurrection:

First, Homeland Security purchased half a billion rounds of .40 caliber ammunition; I already covered these news items here on Bloviating Zeppelin:

– ATK secures .40 caliber ammo contract with Department of Homeland Security & ICE.

– DHS Informant: US government preparing for massive civil strife

And now, the SSA is getting into the Ammo Game as well:

Social Security Administration To Purchase 174 Thousand Rounds Of Hollow Point Bullets

First it was the Department of Homeland Security, then it was the National Oceanic and Atmospheric Administration, and now the Social Security Administration is set to purchase 174,000 rounds of hollow point bullets that will be delivered to 41 locations across the country.

A solicitation posted by the SSA on the FedBizOpps website asks for contractors to supply 174,000 rounds of “.357 Sig 125 grain bonded jacketed hollow point pistol ammunition.”

An online ammunition retailer describes the bullets as suitable “for peak performance rivaling and sometimes surpassing handloads in many guns,” noting that the ammo is “a great personal defense bullet.”

The synopsis to the solicitation adds that the ammunition is to be shipped to 41 locations within 60 days of purchase. A separate spreadsheet lists those locations, which include the Social Security headquarters in Baltimore, Maryland as well as major cities across the country including Los Angeles, Detroit, Oklahoma City, Dallas, Houston, Atlanta, Denver, Philadelphia, Pittsburgh and Seattle.

And what are those locations?

Why yes, those are the largest cities where the Demorats Rule and where there are more persons, per square inch, sucking off the Federal Government Nipple.

What does that tell you about these preparations?  That is this:

Your loving federal government is anticipating having to shoot or kill those very persons it taught to love sucking off that selfsame nipple.

Just a tad wee bit of irony, wouldn’t you posit?

How about some additional points of interest:

As reported, the National Oceanic and Atmospheric Administration (NOAA) has put out a contract for 46,000 rounds of hollow point bullets along with 500 paper targets.

– This was followed by another DHS solicitation asking for a further 750 million rounds of assorted bullets, including .357 magnum caliber rounds that are able to penetrate walls.

– The DHS recently put out an order for riot gear in preparation for the upcoming DNC, RNC and presidential inauguration. The U.S. Army is also busy buying similar equipment.

– The DHS also recently purchased a number of bullet-proof checkpoint booths that include ‘stop and go’ lights.

This literally screams some rather revealing factual points to me, that no one seems to be either interested in or able to “connect.”

If the Obama Administration were truly as proudly confident of its own budgetary and economic policies as it boasts, it would find no reason whatsoever to arm itself against its own citizenry — because said citizens would be soothed and calmed by the salving effects of the aforementioned policies.

Instead, we have the federal government ramping up domestic federal armaments whose only possible purpose can be to stem civil insurrection.  Specifically: to shoot, wound or kill citizens of the United States on US soil.

Let me take this one step further in terms of my applying what I term the Logical Extension:

The Obama Administration isn’t stupid.  It is highly educated, plotting, planning, and does nothing that hasn’t been considered, massaged and vetted.  It micro-manages to the point where Mr Obama seldom speaks without a TelePrompter.

Which tells me: the Obama Administration full well knows its economic policies are unworkable and unsustainable.  It is therefore anticipating the resulting national panic and chaos.

Which yields the bottom line: Mr Obama and his surrounding personnel are purposely doing their very level best to enable the Cloward-Piven Strategy.

I can draw no other conclusion, considering the facts in evidence.

BZ

 

 

CNN: naming Paul Ryan is a GOP “ticket death wish.”

CNN just can’t let it alone.  It’s in their genes:

From Candy Crowley on CNN, in regard to Ryan as Romney’s VP pick:

CROWLEY: …that this might be, looks a little bit like some sort of ticket death wish. That, oh, my gosh, do we really want to talk about these thing? Is this where we want to go when the economy is so bad? We could have stayed on that.

Ah yes, CNN carrying — once again — the water for Mr Obama and the Demorats.  Being the good little Minions for Leftists Everywhere.

[Question to CNN: how are those ratings working out for you?]

I knew it would start; clearly CNN’s Crowley and CNN’s Gloria Borger both wish to carry Obama’s water.

As well as MSNBC’s Andrea Mitchell:

ANDREA MITCHELL: I think that you’re going to see that they’ve decided that this is a base election.

CHRIS HAYES: Yeah.

MITCHELL: This is not a pick for suburban moms. This is not a pick for women. This is a pick for the base.

This isn’t a pick for women who want their contraception for free.  This isn’t a pick for women who want hot-and-cold running abortions up to the 7th month.  And this isn’t a pick for women who want exclusivity and more divisiveness in America.

Further: this isn’t a pick for people who wish to continue Class Warfare.

This isn’t a pick for those who wish to continue Race Warfare.

This isn’t a pick for those who wish to continue the War Against Business.

This isn’t a pick for those who wish to continue Sex Warfare.

This isn’t a pick for those who wish to continue Profit Warfare.

This isn’t a pick for those who wish to continue Something For Nothing.

This IS, however, a pick for those persons who wish to push all of that extraneous bullshit aside and advocate for AMERICANS, and Sovereignty and Liberty and balanced budgets and the Rule of Law and the US Constitution and the Bill of Rights.

So sign me up.

BZ

P.S.
Oh yeah, that’s right; I’m already signed up.  I put my cash where my mouth is.