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HOW REAGAN’S ECONOMY SUCCEEDED AND OBAMA’S FAILED


The Obama administration and its apologists, including many in the media, keep telling us that the Great Recession was the worst since the Great Depression in the 1930s, and that is why the recovery has been so anemic. Is that true?

In many ways the economic situation in the early 1980s was far darker when President Reagan took office, as the one that Mr. Obama faced when he did.

The unemployment rate reached 10.8 percent in the 1982 recession, but only 10 percent in the 2009 recession. When Reagan reached the Oval Office the inflation rate was 12 percent. In contrast, when Mr. Obama assumed office, the inflation rate was zero percent.

Reagan was faced with the problems of slaying the dragon of inflation and reviving economic growth. Mr. Obama only had to revive economic growth. Yet Reagan solved his problems while Obama has failed to solve his.  Here's what happened, by the numbers.

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ARE WE HAVING FUN NOW?


"The sun does not rise in the east.  That cannot happen.  We can't allow it.  If the sun were to rise in the east - just for the sake of argument for it is impossible - then Greece will default, the euro will collapse, the European Union will disintegrate, and all of civilization will face a doom worse than the catastrophe of Global Warming, which by the way, is real."

Don't you find this awesome denial of reality by all the leaders of Europe absolutely hilarious?  Yet this only scratches the surface of mirth regarding what is happening in our world now.  Speaking of our world, I'm writing this 35,000 feet above it, flying to Africa on a wing and a prayer.  The wing is an Airbus 380-300's, the prayer is that I'll have an internet connection in Bangui in the Central African Republic once I get there so I can post this on TTP.

Where I am and where I'm headed is perhaps an apt metaphor.  I'm over the Sahara now, with its sandy uninhabited wastes reminding me of Zero's desertification of America's economy and culture.  I'm going into the unknown, the deepest jungle abyss of the Dark Continent, similar to the chaotic unknown future facing America.

Yet this non-stop Air France flight from Paris is packed, full of folks with no sense of foreboding whatever.  Nor should we, facing the future we are bound for.  It's about time we began looking forward to it.

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REQUEST FOR REMOVAL


Fellow Americans,

I have sent this letter, in my capacity as Unites States Senator from Florida, to Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell.  You are welcome to call my Washington office at 202-224-3041 to let me know what you think.

  ******

Dear Senators Reid and McConnell:

I am writing to seek your support for bringing a bi-partisan resolution to the Senate floor authorizing the President's decision to participate in allied military action in Libya.

Furthermore, this resolution should also state that removing Muammar Qaddafi from power is in our national interest and therefore should authorize the President to accomplish this goal. To that end, the resolution should urge the President to immediately recognize the Interim Transitional National Council as the legitimate government in Libya.

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AL JOLSON IN OCTOBER

All indications are that the Swiftees’ offensive against Hanoi John is severely damaging the Kerry/Edwards candidacy. The television ads by the Swift Boat Veterans for Truth and the #1 bestseller on Amazon, Unfit For Command, have credibly assaulted the basis for Kerry’s campaign: that his self-proclaimed status as a “war hero” during 4 months in Vietnam qualify him to be President of the United States.

However… in the famous words of Al Jolson: “You ain’t heard nothin’ yet.” The Swiftees have prepared an October Surprise for Hanoi John that is going to blow his candidacy out of the water. I can’t tell you what it is, but I can tell you the television and radio ads have already been taped, and they are going to have an impact like an elephant sitting on a donkey.

The Swiftees have three things in abundance: money, brains, and balls. They know exactly how to go for the jugular, they have the dough to do it, and they are saving their best shot for last. The Democrats will not know what hit them and will not know how to retaliate. Get set folks. The Kerry Train Wreck is not going to be a pretty sight.

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CHINA’S GDP CRUMBLES


China is sliding towards a deflation trap and may be in outright recession already if data are measured accurately, with serious knock-on risks for the global economy.

"It is too late to avoid a hard-landing," said Patrick Chovanec from Silvercrest Asset Management and a former professor at Beijing's Tsinghua University. "To keep growth going they have to push extremely high levels of investment to even more extreme levels, and that is becoming very hard to do and very hard to finance."

"The economic return on credit is rapidly declining. They increased loans by $1 trillion in the first quarter, but growth slid anyway and is now below levels seen in early 2009 after the Lehman crisis. It is no longer out of the question that GDP will actually fall," he said.

Diana Choyleva, from Lombard Street, said the official Chinese figures show that the economy contracted by 0.2% in the second quarter, rather than growing 1.7% (7.5% year-on-year) as claimed by the government.

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HALF-FULL REPORT 12/07/12


Is John Galt Chinese?

wang_shi_star_alliance.png

Star Alliance is the world's largest airline confederation.  This full page ad appears in every current in-flight magazine of all its 26 member carriers worldwide.  It is an explicit up yours/bird flip/thumb nose to Zero and his infamous "You didn't build/earn that" Marxism.

The ad's endorser, Wang Shi, is a very interesting man.  In his palm is an image of one of the many giant skyscrapers he's built as chairman of China Vanke, China's largest property developer.  He's climbed Mount Everest, and all the other "Seven Summits" (the highest peak in all seven continents).  "Life is one adventure after another," he says.  My sentiments exactly.

He's not only an entrepreneurial capitalist, he's proud of it and has nothing but contempt for anyone who thinks he should apologize for his success.  That most certainly includes the fraudulently elected President of the United States.

You know we live in an upside-down universe when John Galt is Chinese who exults in insulting the American president for being a virtual Communist.

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THE MADNESS OF BIOFUELS


Are you upset about rapidly rising food costs and high gas prices? You can thank members of Congress and the administration for this situation.

Much of the United States is in the midst of a major drought. That's not the fault of the political class, but those folks have made the consequences of the drought far worse for the entire world.

Congress mandates the use of ethanol in motor fuel. Currently, about 40 percent of the U.S. corn crop is used in the production of ethanol. Corn prices rose as a result of the government creating an artificial, additional demand.

It is simply madness that this continues, especially when fracking technology is giving us a glut of cheap, cheap energy.

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DO CONSERVATIVES WANT TO WIN IN 2012 OR NOT?


This is a serious question, by no means rhetorical.  Conservatives may be full of sound and fury against Zero, but it signifies nothing without actual evidence, of which there is little.

Tea Partyers can wave the American flag and proclaim their passion for reclaiming America, but you can't beat something with nothing. 

If this isn't true, then why is a Total Rino way ahead in the polls?

The difference between Establishment Republicans and Conservatives is that the former care more about winning than principles, which is why they constantly compromise them.  Thus their mantra of ABO - which they morph into the con that only Rino Romney can beat Zero.

When conservatives - such as Ann Coulter - make the same argument, then they have ceased being conservatives and have become the very establishment Rinos they claim to despise.

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STALL, BABY, STALL


It's unbelievable (literally) the rhetoric on "America's Energy Security" coming from President Obama this week. This is coming from he who is manipulating the U.S. energy supply.

President Obama is once again giving lip service to a "new energy proposal"; but let's remember the last time he trotted out a "new energy proposal" - nearly a year ago to the day. The main difference is today we have $4 a gallon gas in some places in the country. This is no accident.

This administration is not a passive observer to the trends that have inflated oil prices to dangerous levels. His war on domestic oil and gas exploration and production has caused us pain at the pump, endangered our already sluggish economic recovery, and threatened our national security.

The reality behind the president's rhetoric is that instead of "drill, baby, drill," it's "stall, baby, stall."

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SOLAR WARMING

It was to be expected that in response to NASA releasing satellite photos this week showing that the ice caps on Mars have been retreating several feet per year for some time now, former vice-president Al Gore claimed this was “the inevitable result of George Bush’s disastrous environmental policies and his unconscionable failure to sign the Kyoto Global Warming Treaty.”

At a joint press conference held with Mr. Gore, Democrat Congressman Charlie Rangel (D-NY) denounced the warming of Mars as “demonstrating once again George Bush’s racism - Mr. Bush cares as little for the well-being of Martians as he does about African-Americans.”

Democrats and enviro-loonies on space patrol aside, serious people here on earth know the NASA announcement dealt a major blow to the theory of Man-Made Global Warming (MMGW). Here’s another:

Axel Heiberg fossil

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SEARCHING FOR SERVICE

In driving around the country over the past year with my 12 year-old son Jackson to complete his Nifty Fifty quest (to experience and learn something memorable in each of all 50 states), I’ve noticed two things. First is the proliferation of cell phone towers that have sprouted everywhere - and second, how few of them are connected to Sprint.

From the beaches of Oregon to the farmlands of Iowa, from the shores of Maine to the Gulf Coast of Alabama, from literally scores and scores of locations across the breadth and width of the US, my Sprint phone blinks “Searching For Service.”

Leslie Chase tells me inside activity is positive and there are several buys out on Sprint stock. Maybe that’s in anticipation of Sprint being bought out and merged with a competitor. If a merger turns out to be a chimera, then I’d say Sprint is a short for sure. No matter how many ads with the guy in a black overcoat Sprint runs, they won’t make up for lousy and nonexistent service.

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SOUTHERN EUROPE IS SCREWED


Europe's debt-crisis strategy is near collapse. The long-awaited recovery has failed to take wing. Debt ratios across southern Europe are rising at an accelerating pace. Political consent for extreme austerity is breaking down in almost every EMU crisis state. And now the US Federal Reserve has inflicted a full-blown credit shock for good measure.

A leaked report from the European Commission confirms that Greece will miss its austerity targets yet again by a wide margin.  The Greek think-tank IOBE expects GDP to fall 5% this year. It has told journalists privately that the final figure may be -7%. The Greek stabilization is a mirage.

Italy's slow crisis is again flaring up. Its debt trajectory has punched through the danger line over the past two years. The country's €2.1 trillion ($2.7 trillion) debt - 129% of GDP - may already be beyond the point of no return for a country without its own currency.

Standard & Poor's did not say this outright when it downgraded the country to near-junk BBB on Tuesday (7/09). But if you read between the lines, it is close to saying the game is up for Italy.  The game is up for all of Southern Europe.

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HALF-FULL REPORT 11/30/12


We begin with 61 traitors in the Senate.  On Tuesday (11/27), they voted to bring a bill to the floor that exemplifies the pervasive trashing of the Constitution by our outlaw federal government.  Every single Democrat (except one who was not there but would have if he had been) voted Yes - but trashing the Constitution is what Dems do for a living, it's what their constituents pay them to do, thus that's normal.

So calling Dems traitors is just being redundant.  It's the 9 Pub senators who deserve our focused opprobrium: Kelly Ayotte (NH), John Barrasso (WY), Scott Brown (MA), Susan Collins (ME), Orrin Hatch (UT), Richard Lugar (IA), John McCain (AZ), Lisa Murkowski (AK), and Olympia Snowe (ME) all voted Yes.  There were 36 No votes - all Pubs.  Here's the roll call.

The vote was for a motion to proceed towards ratification of a UN Treaty called the Convention on the Rights of Persons with Disabilities or CRPD.  It uses crippled children as the excuse to advance UN Fascism and destroy US sovereignty.  The Dems want this.  Do those 9 Pubs?  Doubtful.  More likely they acted out of sheer cowardice, which is par for their RINO course.

Every one of the Brave 36 are being subjected to massive intimidation by the CorruptMedia.  Utah's Mike Lee is one.  Here's an article in yesterday's (11/29) Salt Lake Fascist Tribune, headlined Mike Lee Vs. The Disabled.

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ROMNEY’S SOLUTION ON A BUMPER STICKER


When Barack Obama announced that he again wanted to increase taxes on the top 2 percent of taxpayers, I would have recommended to Mitt Romney that he reply by saying:

"President Obama has called for a tax increase on job creators, which will only fund the government for eight days, while I have an economic growth program that will fund the government for eight years and beyond."

Mr. Romney is being justifiably criticized for not delivering a clear and concise description of his economic plan. Since he has not done it, I will give it shot.  I can make it so consise, in fact, I can put it on a bumper sticker.

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THE REAL DEBATE


The most ridiculous part of the GOP candidate debate last Tuesday night (10/17) in Vegas has been the hilariously irrelevant commentary on it by much of punditry left and right.

So while everyone else is focusing on silliness like claiming Perry is finished because he was a bully for interrupting Romney too much, you and I are going to focus on the real debate that took place and draw some substantive lessons from it.

First, load the full debate transcript in another browser window so you can refer to any part of it as we go along. 

We'll start with this question:  would you go to Vegas and put your entire wad on one spin of the roulette wheel coming up red?

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