Archive for February 22nd, 2009

Are You POed?–Pelosi Obama–Clueless Crisis Creators Cry Crisis Crisis Crisis–Gloom, Doom and Then Boom Boom Boom–When: After 2010 Elections–How Convenient!

Posted on February 22, 2009. Filed under: Blogroll, Economics, Employment, Investments, Law, Links, People, Politics, Quotations, Rants, Raves, Regulations, Resources, Strategy, Taxes, Video | Tags: , , , , , , , , , , , , , , , , |


The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

~H.L. Mencken

Nancy Pelosi, Barney Frank, and Democrats are Clueless on Freddie Mac Fannie Mae and the financial credit crisis.

How The Democrats Caused The Financial Crisis: Starring Bill Clinton’s HUD Secretary Andrew Cuomo And Barack Obama; With Special Guest Appearances By Bill Clinton And Jimmy Carter

Encouragement from Obama? None!

President Obama Addresses Economic Crisis

Pres. Obama’s First Press Conference

Obama: This is a “Full-Blown Crisis”

“Show Us Hope, Barack !” : BILL CLINTON | Crisis Economy? | Interview GOOD MORNING AMERICA

Scenario Planning : Thinking The Unthinkable–More Doom, Gloom and Revolution

War Room: 2014 Financial Meltdown – Banks Nationalized – Unemployment 25% – DOW 2,800

War Room: 2014 Financial Meltdown – Banks Nationalized – Unemployment 25% – DOW 2,800 Pt.2

Glenn Beck- Who will lead the New World Order?

Glenn Beck Predicts What the ‘New World Powers’ Might Look Like Following Massive Global Upheaval

ELITE Pushing for WW3 and Accelerating NWO ENDGAME at Warp Speed

War Room: WWIII Glenn Beck and Panel Discuss the scenario that will create, The New World Order

WW News: Glenn Beck Lays Out The ‘Road To World War III’

Peter Schiff on CNBC 18th Feb 2009 1 of 2

Peter Schiff on Kudlow 02-18-09 (2/2)

Jim Rogers: Abolish The IMF & World Bank

Tom Woods on Glenn Beck “Meltdown” 02/09/2009

Rudyard Kipling’s Poem ”If” Read By Federer & Nadal

Typography: IF Rudyard Kipling

If you can keep your head when all about you Are losing theirs and blaming it on you; If you can trust yourself when all men doubt you, But make allowance for their doubting too; . . . If you can meet with Triumph and Disaster And treat those two impostors just the same . . . Yours is the Earth and everything that’s in it.” – “If you can keep your head when all about you Are losing theirs and blaming it on you; If you can trust yourself when all men doubt you, But make allowance for their doubting too; . . . If you can meet with Triumph and Disaster And treat those two impostors just the same . . . Yours is the Earth and everything that’s in it.’);”

~Rudyard Kipling

For the next 6-12 months the Democrats will be blaming the high unemployment rates of between 10% and 12% with over 15-18 million unemployed on the Bush Administration.

Then starting in 2010 the Democratic message will gradually change to one that the so-called stimulus package is working and they will take credit for any good news regarding the economy and the stock market, just in time for the 2010 elections.

The majority of the economic impact of the stimulus bill will be in 2011-2012 when the economy should be growing again, no thanks to the stimulus bill.

Unfortunately by then inflation will be exceeding 10% as the Federal Reserve decreases the money supply and raises interest rates to prevent rising inflation.

In economics and politics timing is everything and  lags happen.

If the timing is off, this can very easily result in a repeat of the Carter years with stagflation, little growth in the  economy, high unemployment  and  inflation rates.

The 2012 election will be a repeat of 1980.

Who will be the Ronald Reagan of 2o12–Former Speaker of the House–Newt Gingrich.

His running mate–Mitt Romney or Sarah Palin.

What concerns me and many others is that the so-called stimulus package was designed for political impact during the six to twelve months before the election of 2010 and not for immediate economic impact in the next six to twelve months.

President Obama and the Democratic Party are intentionally trying to scare people instead of doing something that would improve the economic situation.

The result will be millions and million of unemployed Americans with rising inflation rates two years out. This will hurt the poor and those on fixed income.

Should the misery index, the sum of  the unemployment rate and the inflation rate, rise above 15% both the Democrats and Obama will lose  in the 2010 and 2012 elections.

Misery index – era by U.S president

Index = Unemployment rate + Inflation rate
Rank President Time Period Index Average Low High
5 Harry Truman 1948–1952 7.87 Dec 1952 = 3.45 Jan 1948 = 13.63
1 Dwight D. Eisenhower 1953–1960 6.26 Jul 1953 = 2.97 Apr 1958 = 10.98
3 John F. Kennedy 1961–1962 7.27 Jul 1962 = 6.40 Jul 1961 = 8.38
2 Lyndon B. Johnson 1963–1968 6.78 Nov 1965 = 5.70 Jul 1968 = 8.19
7 Richard Nixon 1969–1973 9.98 Jan 1968 = 7.80 Dec 1973 = 13.61
10 Gerald Ford 1974–1976 15.93 Dec 1976 = 12.66 Jan 1975 = 19.90
11 Jimmy Carter 1977–1980 16.27 Apr 1978 = 12.60 Jun 1980 = 21.98
9 Ronald Reagan 1981–1988 12.19 Dec 1986 = 7.70 Sep 1981 = 19.33
8 George H. W. Bush 1989–1992 10.68 Sep 1989 = 9.64 Nov 1990 = 12.47
4 Bill Clinton 1993–2000 7.80 Apr 1998 = 5.74 Jan 1993 = 10.56
6 George W. Bush 2001 – 2008 8.10 Oct 2006 = 5.71 Aug 2008 = 11.47

The American people will rightfully feel betrayed by the political class or elites of both parties.

Ignore  the  crisis creators with their cries of crisis, they may know what they are doing politically, but economically they are destroying  jobs and wealth for the next two years.

For that they justily deserve to pay a very high price; they should be voted out of office.

What is very disturbing is President Obama is out and out lying about the economic situation and the so-called stimulus package and he knows it.

The President is being called out on his lies, but he does not give a damn and just repeats the lies.

Barack Obama America’s Puppet President Pinocchio –The Transparent Lies–Ears and Nose Are Growing?

The American elites of both politically parties could care less that million of americans are unemployed and losing their homes.

If they truly cared they would shut down the open borders, deport all illegal aliens, cut tax rates now,  cut government spending, and pass the Fair Tax just for starters.

Neither political party has the will, courage or wisdom to do the above.

The public interest be damned.

Both are playing politics as usual.

The choice in 2010 and 2012 will be one of the lesser of two evils, welfare socialism or national socialism, not much difference between the two.

When was the last time Federal spending was actually cut and Departments eliminated?

Instead each day we hear of a new “commissar” or “czar” for energy, cars, etc.

Who is to blame?

Look in the mirror.

Then join the second American Revolution.

March on Washington on Saturday, July 4, 2009:

American People’s Plan = 6 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C. Saturday, July 4, 2009!

Tea Parties Take Off In Texas–Spreading Nationwide–Are You Going To Washington Fair? Millions Celebrate The Second American Revolution–Saturday, July 4, 2009

Baby Boomers and Politicians

Buffalo Springfield – For What It’s Worth (Monterey 1967)

Background Articles and Videos

Scenario Planning
“Scenario planning [or scenario thinking or scenario analysis] is a strategic planning method that some organizations use to make flexible long-term plans. It is in large part an adaptation and generalization of classic methods used by military intelligence.

The original method was that a group of analysts would generate simulation games for policy makers. The games combine known facts about the future, such as demographics, geography, military, political, industrial information, and mineral reserves, with plausible alternative social, technical, economic, environmental, educational, political and aesthetic (STEEEPA) trends which are key driving forces.

In business applications, the emphasis on gaming the behavior of opponents was reduced (shifting more toward a game against nature). At Royal Dutch/Shell for example, scenario planning was viewed as changing mindsets about the exogenous part of the world, prior to formulating specific strategies.

Scenario planning shines especially if it includes systems thinking, which recognizes that many factors may combine in complex ways to create sometime surprising futures (due to non-linear feedback loops). The method also allows the inclusion of factors that are difficult to formalize, such as novel insights about the future, deep shifts in values, unprecedented regulations or inventions. Systems thinking used in conjunction with scenario planning leads to plausible scenario story lines because the causal relationship between factors can be demonstrated. In these cases when scenario planning is integrated with a systems thinking approach to scenario development, it is sometimes referred to as structural dynamics. …”

US Unemployment Rates 1950-2005

US Unemployment Rates 1950-2005

Employment Situation Summary

Technical information:
  Household data:    (202) 691-6378    USDL 09-0117

  Establishment data:(202) 691-6555    Transmission of material in this release
      is embargoed until 8:30 A.M. (EST),
  Media contact:     (202) 691-5902    Friday, February 6, 2009.


   Nonfarm payroll employment fell sharply in January (-598,000) and the unem-
ployment rate rose from 7.2 to 7.6 percent, the Bureau of Labor Statistics of
the U.S. Department of Labor reported today.  Payroll employment has declined
by 3.6 million since the start of the recession in December 2007; about one-
half of this decline occurred in the past 3 months.  In January, job losses
were large and widespread across nearly all major industry sectors.

Unemployment (Household Survey Data)

   Both the number of unemployed persons (11.6 million) and the unemployment
rate (7.6 percent) rose in January.  Over the past 12 months, the number of un-
employed persons has increased by 4.1 million and the unemployment rate has
risen by 2.7 percentage points.  (See table A-1.)

   The unemployment rate continued to trend upward in January for adult men
(7.6 percent), adult women (6.2 percent), whites (6.9 percent), blacks (12.6
percent), and Hispanics (9.7 percent).  The jobless rate for teenagers was un-
changed at 20.8 percent.  The unemployment rate for Asians was 6.2 percent in
January, not seasonally adjusted.  (See tables A-1, A-2, and A-3.)

   Among the unemployed, the number of job losers and persons who completed
temporary jobs increased to 7.0 million in January.  This measure has grown
by 3.2 million during the last 12 months.  (See table A-8.)

   The number of long-term unemployed (those jobless for 27 weeks or more)
was little changed at 2.6 million in January.  Over the past 12 months, the
number of long-term unemployed was up by 1.3 million.  The number of persons
unemployed less than 5 weeks rose to 3.7 million in January.  (See table A-9.)

Total Employment and the Labor Force (Household Survey Data)

   The civilian labor force participation rate, at 65.5 percent in January, has
edged down in recent months.  The employment-population ratio declined by 0.5
percentage point to 60.5 percent over the month, and by 2.4 percentage points
over the year.  (See table A-1.)

   The number of persons who worked part time for economic reasons (sometimes
referred to as involuntary part-time workers) was essentially unchanged in
January at 7.8 million; however, this measure was up by 3.1 million over the
past 12 months.  Included in this category are persons who would like to work
full time but were working part time because their hours had been cut back or
because they were unable to find full-time jobs.  (See table A-5.)

Misery Index

“…The misery index is an economic indicator, created by economist Arthur Okun, and found by adding the unemployment rate to the inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation create economic and social costs for a country.[1] It is often incorrectly attributed to Chicago economist Robert Barro in the 1970s, due to the Barro Misery Index that additionally includes GDP and the bank rate.[2]

During the Presidential campaign of 1976, Democratic candidate Jimmy Carter made frequent references to the Misery Index, which by the summer of 1976 was at 13.57%. Carter stated that no man responsible for giving a country a misery index that high had a right to even ask to be President. Carter won the 1976 election. However, by 1980, when President Carter was running for re-election against Ronald Reagan, the Misery Index had reached an all-time high of 21.98%. Carter lost the election to Reagan.

Tea Party U.S.A.: The movement grows

By Michelle Malkin

“…Seattle on Monday. Denver on Tuesday. Mesa AZ on Wednesday. Overland Park, Kansas today. What a week, huh? We got the anti-stimulus, anti-entitlement protest ball rolling — and now the movement, spurred further by CNBC host Rick Santelli’s call for a “Chicago Tea Party,” is really taking off.

David Hogberg at Investor’s Business Daily has a nice piece out today spotlighting the growing taxpayer revolt the rest of the MSM won’t cover. He interviewed our registered commenters Liberty Belle Keli Carender, who spearheaded the Seattle anti-pork protest, and HuskerGirl Amanda Grosserode, who organized today’s anti-stimulus demonstration against Democrat Rep. Dennis Moore in Overland Park, KS.

I’m happy to report on several new protest events now on the docket. …”

Rudyard Kipling


If you can keep your head when all about you
Are losing theirs and blaming it on you;
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or, being lied about, don’t deal in lies,
Or, being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise;

If you can dream – and not make dreams your master;
If you can think – and not make thoughts your aim;
If you can meet with triumph and disaster
And treat those two imposters just the same;
If you can bear to hear the truth you’ve spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to broken,
And stoop and build ’em up with wornout tools;

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breath a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: “Hold on”;

If you can talk with crowds and keep your virtue,
Or walk with kings – nor lose the common touch;
If neither foes nor loving friends can hurt you;
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds’ worth of distance run –
Yours is the Earth and everything that’s in it,
And – which is more – you’ll be a Man my son!

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