Author Topic: Obama’s Policies Are Gutting the Middle Class  (Read 2800 times)

Soul Crusher

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Obama’s Policies Are Gutting the Middle Class
« on: December 17, 2011, 09:28:06 AM »
Obama’s Policies Are Gutting the Middle Class
Pajamas Media ^ | 16 December 2011 | Don Blumer




They don't work. They've never worked. And Obama's no friend of the middle class.


It was more than a little disconcerting to watch President Barack Obama pretend to be a friend of the middle class in Kansas on December 6, and to watch the press lap it up as if it was the gospel truth. The record shows that Obama’s and his party’s policies, plans, and proposals have done more harm to the middle class than any administration in my lifetime.

One of Obama’s core claims is that the policies of the past, coming from largely Republican administrations espousing and carrying out conservative ideas, are what brought the economy to the brink, and that those ideas and policies must never again be considered.

Setting aside for the moment the fact that those ideas and policies were often not conservative enough, Obama’s historical revisionism is about as brazenly dishonest as it gets. After all:

I don’t recall the Community Reinvestment Act, which over several decades morphed into a sledgehammer forcing banks to act against their own interests or face endless litigation at the hands of ACORN-like groups, being a Republican or conservative policy. I don’t recall current New York Governor Andrew Cuomo’s determination to make mortgage financing available based on ethnicity instead of ability and willingness to pay when he ran the Department of Housing and Urban Development in the 1990s under President Bill Clinton something that Republicans or conservatives cheered. Finally, I don’t recall the systematic undermining of the market for mortgage-backed securities undertaken by Democratic Party cronies who ran the frauds by design known as Fannie Mae and Freddie Mac having Republican or conservative approval. While it’s true that Fan and Fred had some RINO defenders, none of them — and for that matter almost no one else in the country besides Democratic insiders — knew that for fifteen years, Fan and Fred “routinely misrepresented the mortgages they were acquiring,” presenting them as being of higher quality than they really were. As a result, mortgage-backed securities holders unknowingly bought hundreds of billions of dollars’ worth of junk.

The housing and mortgage lending messes, which were almost entirely the creation of Democratic Party policies and Democrat apparatchiks’ backroom scheming, are what brought the economy down. It certainly wasn’t the straw-man, “on your own” mindset Obama chose to demonize in his speech.

The principal economic policy features of the quarter-century stretch Obama wants to send down the memory hole were tax cuts (with booming tax receipts, which the smarties said would never happen) and at least some regulatory restraint (but really not enough). The president claimed that this set of policies “doesn’t work. It has never worked.”

Horse manure. Until things came to a head in housing, as James Pethokoukis of the American Enterprise Institute pointed out on December 7:

The U.S. economy grew at an average pace of 3.3 percent from 1983-2007, inflation … was slayed, and the stock market rose by 1,400 percent. Median middle-class incomes rose by roughly 50 percent. Reaganomics worked. But Obama acts as if that generation of steady growth … never happened since it doesn’t fit into his disingenuous narrative.

Once we were in the mess, the policies the newly-elected Obama chose to get us out were the ones which so obviously failed to get us out of serious difficulty in the past — which leaves Obama’s seriousness about wanting to get us out open to question. Franklin Delano Roosevelt’s statist “solutions” for the Depression never brought unemployment below 12% during the 1930s. Similarly, three years of round after round of Keynesian stimulus, Keynesian money-printing, and unprecedented Keynesian deficits, combined with previously unseen regulatory excesses, have left the private sector’s output smaller than it was almost four years ago. We still have supposedly grown men and women on the left who continue to claim, during the worst recovery since World War II, that the best form of economic stimulus is continuing to give money to those who aren’t working.

We’ve had a chance to see what the policies Obama said would work will continue to bring us if sustained. It has not been pretty, especially when compared to the analogous Reagan-era time period:

In the 29 months since the recession ended in June 2009, the economy has added a bit less than 2 million seasonally adjusted private-sector jobs. Federal government employment is virtually unchanged despite substantial job losses at the postal service, while previously bloated state and local governments have shed over 550,000 jobs. During the first 29 months after the last full quarter of the Reagan-era recession when the workforce was about 25% smaller, what “doesn’t work” brought us over 7.3 million additional jobs, including more than 400,000 in the public sector. During the nine quarters after the most recent recession ended, the economy has grown by 5.5%. During the analogous nine quarters under Reagan, what “has never worked” caused the economy to grow by 14%, a full 2-1/2 times faster. The seasonally adjusted unemployment rate since the most recent recession ended has gone from 9.5% to 8.6% — and November’s reading had many disturbing “going Galt” elements underlying it. The comparable drop during the Reagan era? From 10.1% to 7.2%, over three times greater. The economy’s cadre of temporary, seasonal, and part-time workers continues to swell. Incredibly, the economy had only 417,000 more full-time workers in November than it did at the end of the recession. The comparable Reagan-era period saw 6.9 million full-timers added. Employers are avoiding and will continue to avoid adding full-time help as long as they can until they see whether the malaise known as Obamanomics will get another four-year run, and whether the monstrosity known as ObamaCare survives court challenges.

Slow growth, out-of-control regulation, and chronic uncertainty have caused millions of the unemployed to stay that way, making them even more unemployable with each passing day. Millions of others are seeing their skills underutilized. Team Obama’s gutting of the middle class thus far has been quite effective. Give ‘em four more years, and they might just finish the job, all the while pretending to be the average American’s best friend.



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Fury

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Re: Obama’s Policies Are Gutting the Middle Class
« Reply #1 on: December 17, 2011, 09:28:56 AM »
Of course they are. The democrat agenda is to eradicate the middle class, thus creating an impoverished lower class over which they and their elitist cohorts in Washington rule.

Soul Crusher

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Re: Obama’s Policies Are Gutting the Middle Class
« Reply #2 on: December 18, 2011, 01:41:21 PM »
Bump for Ozmo.   

whork

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Re: Obama’s Policies Are Gutting the Middle Class
« Reply #3 on: December 18, 2011, 01:42:23 PM »
Of course they are. The democrat agenda is to eradicate the middle class, thus creating an impoverished lower class over which they and their elitist cohorts in Washington rule.

So why exactly did you vote for Obama then?

OzmO

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Re: Obama’s Policies Are Gutting the Middle Class
« Reply #4 on: December 18, 2011, 01:45:52 PM »
No!


It's not his policies, it's his vacations that are gutting the middle class.

Soul Crusher

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Re: Obama’s Policies Are Gutting the Middle Class
« Reply #5 on: December 18, 2011, 01:48:14 PM »
No!


It's not his policies, it's his vacations that are gutting the middle class.
::).

Well if he gave a damn about the middle case e would stay in DC and get everyone together to pass something that is actually sound correct? 

OzmO

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Re: Obama’s Policies Are Gutting the Middle Class
« Reply #6 on: December 18, 2011, 01:57:13 PM »
::).

Well if he gave a damn about the middle case e would stay in DC and get everyone together to pass something that is actually sound correct? 


And if he  wasn't wasn't a commie he wouldn't have dog.  That's about how dumb your argument is. 

whork

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Re: Obama’s Policies Are Gutting the Middle Class
« Reply #7 on: December 18, 2011, 01:59:50 PM »
::).

Well if he gave a damn about the middle case e would stay in DC and get everyone together to pass something that is actually sound correct? 


So i guess no presidents former and future likes the middle class. No surprise there.


Soul Crusher

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Re: Obama’s Policies Are Gutting the Middle Class
« Reply #8 on: December 18, 2011, 07:36:17 PM »
« Yet Another Reason Why Ron Paul Cannot Be President | Main | A bleak look at America's future »

SUNDAY, DECEMBER 18, 2011

THE DEMOCRATIC PARTY’S WAR ON WORKERS

by John F. Di Leo

The Democratic Party claims to be the worker’s friend.

From union slogans to candidate speeches, from underlying themes in our children’s schoolbooks at the beginning of our lives to the message of the AARP as they warn us of the approaching end, the American left has successfully infected our politics with the theme that the Republicans may be the party of the rich and the businessman, but the Democrats are most certainly the party of the working man.  Every election, the Republicans must try, somehow, to counter this meme.  The fact is that the Democratic Party is the enemy of the American worker… but explaining this to the voting public can be a difficult battle, as the economic causes of factory migration, wide ranges of wage scales, inflation, business cycles, and the crippling burdens of governmental regulations don’t fit neatly into a thirty-second spot on television or radio.

In 2012, however, it might be different.

Presidents at a Comfortable Distance

Ever since our nation’s foundation, there have been government workers, serving at the president’s pleasure.  George Washington appointed a few people, John Adams appointed a few people; even Thomas Jefferson appointed a few people.  Government was small then, limited in both size and scope by a Constitution still fresh in the public mind.  If the new president fired a few of his predecessor’s appointees, it wasn’t a shock, and those few job losses weren’t even a statistical rounding error to the economy at large.

The most people who could say they were fired by a president were the air traffic controllers fired by Ronald Reagan when the illegal PATCO strike jeopardized air travel.  Many of them probably held it against him when he ran for reelection in 1984, but they too wouldn’t even have been noticed in the labor statistics of a nation of over 250 million.

Whether the policies of a White House were helpful or unhelpful to the nation’s economy, hardly anyone could ever tie their personal unemployment directly to the president.   The president might blame Congress; Congress might blame the Fed, the newspapers might blame currency exchange rates or European debt.  There has always been plenty of blame to go around, and a savvy president is adept at ensuring it doesn’t stick to the White House.

But everything changes in 2012.

The President and the Pink Slip

Unemployment and underemployment are high, possibly higher than ever, depending on how you look at it.  When counting the forcibly retired, the part-timers who’d rather be full-time, the grossly under-employed, and those no longer included in the calculation due to fraudulent accounting, unemployment is well over 20% of the willing workforce.   Will they all vote?  Will they understand the causes of their problems?  Will they fall for the Democrat line that evil businesses are to blame, rather than the evil policies emanating from Washington, D.C.?  Will they blame the president himself?

Here is the change for 2012.  Never before have so many of the unemployed owed their job loss, not indirectly at all, but quite obviously directly, to the intentional, conscious directives of their president and his direct appointees, the czars and cabinet secretaries who have launched a direct frontal assault on industry after industry ever since their appointments.  Consider:

Car Dealers:  In 2009, though everyone knew that the problems dooming Chrysler and General Motors were their enormous property and property tax obligations caused by too big, too old, factories, and their utterly unsupportable labor and pension costs, Barack Obama ordered the closure of over 3000 auto dealerships.  Now, maybe many of those dealers were good Republicans, but what of their mechanics, their salesmen, their janitors, their accountants and finance experts?  These were probably a normal cross-section of the country – equal parts Republican, Democrat, and independent.  And they all know that they were fired by Barack Obama.

Auto Vendors:  As another direct result of the forced reconstructions of Chrysler and GM, hundreds of vendors, large and small, were denied their outstanding receivables as part of the non-bankruptcy approach personally mandated by the president.  Those vendors know the cause was not the economy in general, or bad luck, or other normal customer problems… it was the president’s personal decision to choose them to suffer so that the UAW wouldn’t have to.  And at least some of their employees will remember as well.

Light-bulb and Showerhead Factories:  Americans had lost some light-bulb manufacturing to China in recent years, but we still made plenty of them here as well.  But no more.  Environmentalist lunatics have won out at Energy and the EPA, and recent regulations have shuttered many factories that used to make incandescent bulbs and >2.5gpm showerheads.  Where are the new, wacko-compliant replacements being made?  In China, for the most part.  Do the newly unemployed assembly-line workers, customer-service reps, engineers, buyers, and salesmen who used to handle these American-made products know that they owe their joblessness directly to the Pelosireidian appointees at Energy and the EPA, appointed and empowered by the Obama Administration?  You betcha.

Gulf of Mexico Oil Rigs:  Barack Obama campaigned on policies based on hatred of the petroleum industry, but few anticipated the lengths he would go to destroy it.  He took advantage of a single freak accident at an oil rig in the Gulf to issue a drilling moratorium that ground exploration to a halt and has severely curtailed domestic supply ever since that summer of 2009.  Thousands of roughnecks (the workers on the rigs themselves) and the huge vendor base dependent on them – from restaurants, hotels, banks, and shops on shore, to the ferry services that take them to and from their rigs – are fully aware that the destruction of their industry, now in its third year, is entirely the intentional policy of the president.  Obama hasn’t even given them reason to give him the benefit of the doubt; he has unconstitutionally thwarted Congressional efforts and disobeyed federal court orders, in his single-minded zeal to keep the people of the gulf states unemployed.

Energy elsewhere:  While pursuing his battle to shove overpriced and underperforming green energy down America’s throat, the Obama Administration has also refused new permits for coal mining, oil drilling, shale oil extraction,  hydraulic fracturing (frakking) of both oil and natural gas, even the simple building of pipelines for Canadian oil.  Every such denial raises the cost of energy to the economy as a whole, making us more dependent on distant enemy suppliers like Hugo Chavez and the islamists.  This hurts everyone.  But most directly, these denials keep millions unemployed, by banning the creation of the new jobs needed to do that digging, mining, drilling, frakking, building, transporting, and servicing.  These aren’t all typical Republican specialties; Obama and his czars are attacking Democrat and independent workers by these assaults.  If you’re an unemployed energy worker in the Dakotas, you know exactly who – personally – put you on relief.

Healthcare:  The healthcare sector is far larger than it’s usually given credit for.  Hospitals and clinics, doctors and nurses, medical device and pharmaceutical manufacturers – this much is obvious.  But think also of the architects and builders who build new hospital wings, of the laundry and cafeteria services that cater to the hospital staffs and patients, of the insurance companies with a healthcare division alongside auto, life, and property.  Obamacare has attacked all of the above, causing hospital and clinic shutdowns, particularly in rural areas, all over the country, even now, in anticipation of its upcoming implementation.  Rural hospitals are closing, insurance agencies are running screaming from the healthcare product, medical device manufacturers are moving production abroad.  And the vendors supporting all of the above are suffering the loss or impoverishment of their key customers.  Most of these – perhaps not all, but most – are fully aware that this president is in many ways personally responsible for their plight; after all, his name’s on the law.

Businesses in the Cross-Hairs:  There are almost countless other businesses and communities that have been targeted by the Obama Administration during its first (and hopefully only) term.  Boeing, attacked for building a plant in South Carolina by a politicized NLRB… Gibson Guitars, attacked for using wood to make their guitars without satisfactory obeisance to the newly beatified Lacey Act… Las Vegas hotels and casinos, attacked as wasteful entertainment destinations (how DARE companies and associations have the audacity to hold conferences in a popular destination?!)… politicizing the Ex-Im Bank to add a green test to export finance programs such as Wisconsin’s mining machinery… the list may well be endless, because in the end, it is the entire American private sector that this administration despises, not just one or two “offensive” industries.  Not all will remember, but many of the unemployed will indeed have the newspaper headlines and company memos emblazoned in their memories, so they don’t soon forget.

Doing his rivals’ job for them

In every election, each side tells people why their policies are better and their opponents’ policies are worse.  Every two years, we watch as Democrats demonize the conservatives, and the Republicans fall short in their need to educate the electorate on matters economic, though admittedly, it’s difficult to teach fundamental economics in a radio commercial or a door hanger card.

In 2012, it will be different.  Barack Obama personally put hundreds of thousands, millions even, out of work, through his own executive orders and the actions of his secretaries, his czars, and his other appointees.  And even if not all of them know it, the vast majority certainly do.  The GOP has certainly snatched defeat from the jaws of victory before, but this is an unprecedented development in presidential politics.

As America is a mix of Republicans, Democrats, and Independents, of white and black, old and young, urban and rural, so too is the American electorate on the first Tuesday in November. 

What’s new in 2012 is that so many of the unemployed will be united in their recognition of who cost them their jobs – and the fact that that very person will appear on their ballots, asking – nay, arrogantly demanding – that they vote for him anyway.

Fat chance.

Copyright 2011 John F. Di Leo

John F. Di Leo is a Chicago-based Customs broker and international trade compliance lecturer.  A former county chairman of the Milwaukee Republican Party, he has now been a recovering politician for over fourteen years.

Permission is hereby granted to forward freely, provided it is uncut and the IR URL and byline are included.  Follow me on Facebook or LinkedIn!

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Phyllis Schafly recently reported President Obama recently allowed the first Mexican trucks to cross our border at Texas. The agreement signed by Transportation Secretary LaHood in Mexico City is a big anti-jobs program. Todd Spencer, executive VP of the Independent Drivers Association, said 100,000 American trucking jobs will be lost. The Mexican trucks were immediately granted "Permanent Operating Authority," which unbelievably means Mexican trucks, will not be inspected at the border every time they cross. Federal Motor Carrier Safety Administration announced that all Mexican trucks participating in this project will be “given” Electronic On-Board Recorders equipped with global positioning capabilities and paid for by the U.S. taxpayers. FMCSA also stated U.S. trucks must install similar equipment at their own expense. Unbelievably U.S. taxpayers are forced to pay for the cost of replacing old mufflers on the Mexican trucks at a cost of $1,600 each. U.S. truckers must buy their own mufflers. Large trucking firms may be able to absorb the cost, but independent truckers will be hit hard. If they can't afford to buy compliant rigs, they will have to stop operation. Obama is playing favoritism at American expense! It's also Obama's policy to donate our tax dollars for the Mexican trucks. Our 15 trillion dollar debt is no obstacle to his generosity with our tax dollars. The U.S-Mexico agreement forces us to accept Mexican commercial driver licenses, but Mexico has no real system of licensing, training, drug testing, or medical requirements, or safety inspection or brake standards. Mexico can’t produce records of drivers' accidents or drug or alcohol use, or a truck's record of brake safety. The agreement doesn’t even require the drivers to be proficient in English. This is the way the Obama administration creates jobs for 15 million unemployed American citizens.

Congress should repeal this traitorous act!