Category Archives: Economy

Why 2017 is like 1969

Linked here because Twitter blocks content from the linked site:

Why 2017 Is Like 1969:

http://charleshughsmith.blogspot.com/2017/07/why-2017-is-like-1969.html

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How Higher Education Became an Obscenely Profitable Racket That Enriches the Few at the Expense of the Many (Student Debt-Serfs)

Reposted here because Twitter is blocking this website…

How Higher Education Became an Obscenely Profitable Racket That Enriches the Few at the Expense of the Many (Student Debt-Serfs)

Dear America: Better Read the Fine Print on Your Credit Card Statement

Posted here, blocked by twitter:

Dear America: Better Read the Fine Print on Your Credit Card Statement

http://charleshughsmith.blogspot.com/2017/03/dear-america-better-read-fine-print-on.html

Affordable Plumbing Act

Troy drives to President Obama’s new house, which is located in a very
exclusive, gated community near Chicago , where all the residents have a
net income of way more than $250,000 per year.

Troy arrives and takes his tools into the house. He is led to the guest
bathroom that contains the leaky pipe under the sink. Troy assesses the
problem and tells Obama that it’s an easy repair, that will take less
than 10 minutes. Obama asks Troy how much it will cost. Troy checks his
rate chart and says, “$9,500.”

“What?! $9,500?!” Obama asks, stunned, “But you said it’s an easy
repair. Michelle will kill me if I pay a plumber that much!”

Troy says, “Yes, but what I do is charge those who make more than
$250,000 per year a much higher amount so I can fix the plumbing of
poorer people for free. This has always been my philosophy. As a matter
of fact, I lobbied the Democrat Congress, who passed this philosophy
into law. Now all plumbers must do business this way. It’s known as the
‘Affordable Plumbing Act of 2014’. I’m surprised you haven’t heard of it.”

In spite of that, Obama tells Troy there’s no way he’s paying that much
for a small plumbing repair, so Troy leaves. Obama spends the next hour
flipping through the phone book calling for another plumber, but he
finds that all other plumbing businesses in the area have gone out of
business. Not wanting to pay Troy ‘s price, Obama does nothing and the
leak goes un-repaired for several more days. A week later the leak is so
bad President Obama has had to put a bucket under the sink.

Michelle is not happy as she has Oprah and guests arriving the next morning.
The bucket fills up quickly and has to be emptied every hour, and
there’s a risk the room will flood, so Obama calls Troy and pleads with
him to return.

Troy goes back to Obama’s house, looks at the leaky pipe, checks his new
rate chart and says, “Let’s see, this will now cost you $21,000.”

Obama quickly fires back, “What? A few days ago you told me it would
cost $9,500!”

Troy explains, “Well, because of the ‘Affordable Plumbing Act,’ a lot of
wealthier people are learning how to maintain and take care of their own
plumbing, so there are fewer payers in the plumbing exchanges. As a
result, the price I have to charge wealthy people like you keeps rising.
Not only that, but for some reason the demand for plumbing work by those
who get it for free has skyrocketed! There’s a long waiting list of
those who need repairs, but the amount we get doesn’t cover our costs,
especially paperwork and record-keeping. This unfortunately has put a
lot of my fellow plumbers out of business, they’re not being replaced,
and nobody is going into the plumbing business because they know they
can’t make any money at it. I’m hurting too, all thanks to greedy rich
people like you who won’t pay their ‘fair share’. On the other hand, why
didn’t you buy plumbing insurance last December? If you had bought
plumbing insurance available under the ‘Affordable Plumbing Act,’ all
this would have been covered by your policy.”

“You mean I wouldn’t have to pay anything to have you fix my plumbing
problem?” asks Obama.

“Well, not exactly,” replies Troy . “You would have had to buy the
insurance before the deadline, which has passed now. And, because you’re
rich, you would have had to pay $34,000 in premiums, which would have
given you a ‘silver’ plan, and then, since this would have been your
first repair, you would have to pay up to the $21,000 deductible, and
anything over that would have a $7,500 co-pay, and then there’s the
mandatory maintenance program, which is covered up to 17.5%, so there
are some costs involved. Nothing is for free.”

“WHAT?!” exclaims Obama. “Why so much for a puny sink leak?!”

With a bland look, Troy replies, “Well, paperwork, mostly, like I said.
And the internal cost of the program itself. You don’t think a program
of this complexity and scope can run itself, do you? Besides, there are
millions of folks with lower incomes than you, even many in the ‘middle
class’, who qualify for subsidies that people like you must support.
That’s why they call it the ‘Affordable Plumbing Act’! Only people who
don’t make much money can get it. If you want affordable plumbing,
you’ll have to give away most of what you have accumulated and cut your
and Michelle’s income by about 90%. Then you can qualify to GET your
‘Fair Share’ instead of GIVING it.”

“But who would pass a crazy act like the ‘Affordable Plumbing Act’?!”
exclaims the exasperated Obama.

*After a sigh, Troy replies, “Congress … because they didn’t read it.”*

This will help you understand Obamacare… And here you have it, the
‘Affordable Plumbing Act of 2014’.

AUDIO: Mark Levin On The Market Crash: It Is NOT CHINA—IT IS BARACK OBAMA!

AUDIO: Mark Levin On The Market Crash: It Is NOT CHINA—IT IS BARACK OBAMA!

Part 2

Does Obama Doom America?
By Quin Hillyer on 11.14.12 @ 6:10AM

Does Obama Doom America?
The question so many people are asking.

The refrain started many weeks, even months, before the election, but its frequency and intensity has increased nearly exponentially since Nov. 6.

“I don’t know if we can survive another four years of this,” people say. Or, “do you think we can survive four more years of this?” Even Bill Kristol, not prone to defeatism, speculated on what might happen “even if America can survive the next four years of Obama.” [Emphasis added.] The words aren’t coming from alarmists. They come in face-to-face conversations, or in emails, or on the phone. They come from Washington, from New York, from New Jersey, from Minnesota, from Alabama, from New Orleans — from all over. Serious, ordinary people, some of whom live and breathe politics and some of whom pay almost no attention to current affairs, aren’t panicking or exaggerating. They are really worried about what this man in the White House will do now. And they’re really worried about whether America as we know it can survive.

It is not an idle worry. Barack Obama and his minions play for keeps. And they are playing for a vastly different America than the one with which we have been accustomed for 224 years of this constitutional republic. Fight a war in Libya without even asking for a congressional resolution? No problem. Appoint executive officers without Senate approval, when the Senate is still in session? Sure. Issue executive orders directly contrary to law, on multiple occasions? Of course. Refuse to enforce duly constituted laws? Check. Repeatedly question the very legitimacy of the Supreme Court? Check. Refuse to honor congressional subpoenas and legitimate Freedom of Information requests? Ignore court orders (about offshore drilling) so flagrantly that you are found officially in contempt of court? Insult or even abandon allies? Whisper to foreign leaders of traditionally adversarial lands that you will have “more flexibility” after re-election? Deliberately cover up deadly mistakes on the Mexican border and in North Africa? Check, check, check, check, and check.

This man runs a vote-fraud-enabling, military-vote-suppressing, domestic-energy-destroying, debt-exploding, credit-limit-undermining, defense-gutting, abusive-regulation-promulgating, power-centralizing, religious-liberty-attacking, crony-corporatism-expanding, Constitution-trampling administration. He politicizes everything and demeans politics and the presidency simultaneously. His opponent (according to his closest political associates) was a “felon.” The opponent was proximately responsible for a woman’s cancer death, deliberately outsourced jobs, and led a “war on women.” Women, meanwhile, should look to government for sustenance from cradle to grave, should vote as if giving up their virginity, and should “vote like [their] lady parts depend on it.” Attack, attack, attack; demean, demean, demean; trivialize, trivialize, trivialize; and never once outline a second-term agenda other than demonizing the wealthy and confiscating their wealth. This is a man using the presidency to serve his own power, no matter what the cost, rather than honoring the power of the presidency by the restraint inherent in treating the office as greater than the man who holds it.

Obama discards promises with astonishing regularity, prevaricates about the past with impunity, uses race as a cudgel while claiming to unite us, taxes the middle class (e.g., on medical devices) while saying he would never do so, and guts welfare reform while claiming he’s strengthening it. His mentor was a Communist; his top aide’s in-laws and grandfather were major Communist activists; his chief political strategist worked for Communist-linked journalists; he started his political career with a fund-raiser at the house of domestic terrorists; he repeatedly and enthusiastically said the man who most deeply influenced his faith was a preacher in whose pews he sat for 20 years while the preacher spread racial hatred and anti-American venom (after which, according to the preacher himself, a close Obama associate offered to “buy” the preacher’s silence); he got a sweetheart deal on his mansion via a financial alliance with a crook named Rezko; and he himself wrote that he made a conscious decision while still a very young adult to embrace racial grievances and hang out with hard-left counter-culturists.

Is there the slightest thing in that background to suggest that he loves the same America most Americans love?

“Voting is the best revenge,” he said. How instructive. Revenge for what? Is it revenge against “bitter,” middle class Americans who “cling” to “guns and religion or antipathy to people who aren’t like them”? Is that why we need to “spread the wealth”? Or why we must not reform America but “transform” it?

And that’s just Obama’s person. His policies are worse. This nation absolutely cannot survive much more of his deliberately created debt. Our economy is being stifled by 68 regulations per day — 6,125 regulations or regulatory notices in just the 90 days leading up to Nov. 12. Our medical system cannot survive Obamacare — with doctors retiring at record rates, or refusing to accept Medicare or Medicaid patients, with premiums rising through the roof, with medical-device companies already cutting back on research and development, and with increasing numbers of companies dropping insurance coverage of their employees.

And that’s not even to mention the horrifying dangers of a desperately weakened defense force, a refusal to call terrorism by its name or fight it accordingly, and a betrayal of allies combined with kowtowing to powers antagonistic to everything about the American nation.

Can we survive all this? Well, as Ronald Reagan would say, we are, after all, Americans. We are a rather hearty people, and an inherently decent people too. But never, ever, not even under Jimmy Carter, were we led by a president who thinks the United States has been anything but an overwhelming force for good in the world. Until now. And that should frighten us.

In my first post-election column four years ago, I warned that Obama’s Alinskyites would first find a way to steal a filibuster-proof majority in the Senate (check), eventually try to undermine the filibuster entirely (check), liberalize laws and practices against vote fraud (check), abuse the power of the Justice Department (check), tilt the playing field in favor of unions, use regulations like a cudgel, inspire radical “street demonstrations” (check-check-check), and incrementally but steadily erode our civil rights (HHS mandate, anyone?).

All of that is child’s play compared to what Obama can do now that he no longer faces re-election, now that he can appoint more and more judges to rubber-stamp his abuses, now that he can issue more executive orders and administrative fiats, now that he can use the full and awesome power of the federal behemoth he has so assiduously expanded in size, scope, and authority. Unless we watch out, one fears, columns such as this one will be described as seditious, and our speech rights will be as threatened as the religious liberties of Catholic charities and Baptist hospitals already are.

These things can happen, though, only if we don’t fight back. If this be sedition (which it isn’t), let the Obamites make the most of it. At some point the sleeping American public will rouse itself and insist that we are indeed Americans, and we are better and freer and stronger than the Eric Holders of the world think we are. The Obamites will not succeed. We will not let them.

About the Author
Quin Hillyer is a senior editor of The American Spectator and a senior fellow at the Center for Individual Freedom. Follow him on Twitter @QuinHillyer.

Mitt was right…

This is exactly why Mitt Romney said that 40 some odd % of the people are too dependent on the government. They have learned to work the system.

A Ford Dealer’s Report

True story yesterday at the dealership.

“I’ll try to make this as short and to the point as I can.

One of my salesmen here had a woman in his office yesterday wanting to lease a brand new Focus.

As he was reviewing her credit application with her, he noticed she was on social security disability.

He said to her “You don’t look like you’re disabled and unable to work”.

She said “Well I’m really not. I could work if I wanted to, but I make more now than I did when I was working and got hurt”, (non-disabling injury).

She said the gov’t sends her $1500.00 a month in 1 check. And she gets $700.00 a month on an EBT card (food stamps), and $800.00 a month for rent.

Oh yeah, and 250 minutes free on her phone.

That is just south of $3500.00 a month.

When she was working, she was taking home about $330.00 per week.

Do the math and then ask yourself why the hell should she go back to work.

If you multiply that by millions of people, you start to realize the scope of the problem we face as a country.

The socialists have near 51% of the population in that same scenario, so we are about finished.

The question is when do we cross that threshold, if we haven’t already, and there are not enough people working to pay enough taxes to support the non-working people? Riots?? Be prepared to protect your homes.

She didn’t lease the Focus here because the dealer down the road beat our deal by $10.00/month.

Glad to know she is so frugal with her “hard earned money.”

How can you compete with ‘Free’ ?

I couldn’t have said it better myself:

America – I hardly recognize you…

On the Occupy Wall Street ailment…

Thomas Sowell (born June 30, 1930) is an American economist, social theorist, political philosopher, and author. A National Humanities Medal winner, he  advocates laissez-faire economics and writes from a libertarian perspective. He is currently a Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution at Stanford University .

Sowell was born in North Carolina , but grew up in Harlem,  New York . He dropped out of high school, and served in the United States Marine Corps during the Korean War. He had received a bachelor’s degree from Harvard  University in 1958 and a master’s degree from Columbia  University in 1959. In 1968, he earned his doctorate degree in economics from the University of  Chicago .

Dr. Sowell has served on the faculties of several universities, including Cornell and University of  California ,  Los Angeles , and worked for "think tanks" such as the Urban Institute. Since 1980 he has worked at the Hoover Institution. He is the author of more than 30 books.

By Dr. Sowell:

The current Occupy Wall Street movement is the best illustration to date of what President Barack Obama’s  America looks like. It is an  America where the lawless, unaccomplished, ignorant and incompetent rule. It is an  America where those who have sacrificed nothing pillage and destroy the lives of those who have sacrificed greatly.

It is an  America where history is rewritten to honor dictators, murderers and thieves. It is an  America where violence, racism, hatred, class warfare and murder are all promoted as acceptable means of overturning the American civil society.

It is an  America where humans have been degraded to the level of animals: defecating in public, having sex in public, devoid of basic hygiene. It is an America where the basic tenets of a civil society, including faith, family, a free press and individual rights, have been rejected. It is an America where our founding documents have been shredded and, with them, every person’s guaranteed liberties.

It is an  America where, ultimately, great suffering will come to the American people, but the rulers like Obama, Michelle Obama, Harry Reid, Nancy Pelosi, Barney Frank, Chris Dodd, Joe Biden, Jesse Jackson, Louis Farrakhan, liberal college professors, union bosses and other loyal liberal/Communist Party members will live in opulent splendor.

It is the  America that Obama and the Democratic Party have created with the willing assistance of the American media, Hollywood , unions, universities, the Communist Party of America, the Black Panthers and numerous anti-American foreign entities.

Barack Obama has brought more destruction upon this country in four years than any other event in the history of our nation, but it is just the beginning of what he and his comrades are capable of.

The Occupy Wall Street movement is just another step in their plan for the annihilation of  America.

"Socialism, in general, has a record of failure so blatant that only an intellectual could ignore or evade it."

Thomas Sowell

Nancy Pelosi’s Circular Economics…

Somebody needs to put this bitch out of her misery…

This is symptomatic of why our country’s ‘leadership’ is so fucked up – on The Gateway Pundit:

Nancy Pelosi’s Circular Economics