Biden Speaks to a Couple of Hundred at “Teamsters Temple” in PA…Trump Spoke to Thousands in Green Bay, WI…Do the Math

biden-polls-600-dt

Depending on whom you believe, Former President Barack Hussein Obama either refused to endorse his Former Vice-President, Joe Biden, or “Sleepy Joe” asked him not to.

“At this point, what difference does it make?”

Joe Biden make be the greatest thing since sliced bread up in the Northeast, but down here in Dixie and throughout the rest of the Heartland, he’s known as the Groping Gaffe Machine.

During his speech in Pittsburgh yesterday, Sleepy Joe said that “the Working Class is the Backbone of America”.

He’s right.

The problem with good ol’ Joe’s statement is the fact that his party divorced themselves from America’s Working Class decades ago.

Now, the Modern Far Left Democrats are the party of Socialism and Special Interest Groups who, like Joe’s Former Boss, want to “share the wealth”.

…as long as it isn’t theirs.

Sleepy Joe himself even admitted in an “exit interview” with the Los Angeles Times in December 2016 that “middle class people…making $100,000 a year…used to be our constituency”.

Either he cannot face how far to the left of the Political Spectrum his chosen political party moved during his time as Vice-President in the Obama Administration or he is simply a hypocrite attempting to pander to Middle Class Americans in order to be chosen as the Democratic Party’s 2020 Presidential Candidate.

However, there’s a huge problem with your strategy, Sleepy Joe.

As you told the LA Times…average Americans in the Middle Class USED to be your constituency.

Also, I’m hoping for Biden’s sake that he has enough sense not to go after President Trump on the grounds of not having “basic fundamental decency”, as he did in a speech last October.

There are pictures all over Social Media from Biden’s job as Obama’s “comic relief” identifying him as a “serial groper”.

During Sleepy Joe’s tenure as Vice President, his boss defended rioters who tore up their own cities.

Heck, Obama even defended a thug who tried to kill a policeman in his own car.

And, don’t attempt to attack the Republicans over spending.

Puhleeze.

Depending on who you ask, Obama added anywhere from $983 billion to $9 trillion to the national debt.

To paraphrase Joe…

That’s a big f’n deal.

Joe always was classy. But, I digress.

Joe, if you think that we are going to willingly go back under the thumb of the special interest groups, Socialism-loving Democratic Party, your hair plugs have seeped Vitalis directly into your medulla oblongata.

Yesterday, you spoke to a couple of hundred people in the Teamsters Local No. 249 Meeting Hall or “Temple” in Lawrenceville, PA.

Last Saturday, President Trump was speaking to thousands at a MAGA Rally in Green Bay, WI.

Do the math, Joe.

Go home and sit down…before you get embarrassed.

Until He Comes,

KJ

Trump Wins Nevada. Why Does He Keep Winning? “It’s the Economy, Stupid!”

Walls-600-LIWell, like it or not, the Trump Train continues to gain momentum, as he rides the rails toward the Republican Nomination as their Presidential Candidate.

Politico.com reports that

Donald Trump trounced his rivals in the Nevada caucuses on Tuesday, notching his third consecutive victory and giving the Manhattan mogul even more momentum heading into Super Tuesday next week, when voters in a dozen states will cast their ballots.

Trump’s decisive win, which the Associated Press announced immediately after polls closed, was propelled by an electorate even more enraged than the ones that had swept him to wins in New Hampshire and South Carolina, and a second-place showing in Iowa.

“We love Nevada. We love Nevada,” Trump declared in his victory speech. “You’re going to be proud of your president and you’re going to be even prouder of your country.”

For the first time in the 2016 primary season, media entrance polls showed that a majority of voters, 57 percent of Nevada caucus-goers, said they were “angry” with the federal government.

And, as significantly, they want to bring in an outsider to fix it. More than three in five caucus-goers said they favor someone from outside the political establishment rather than a candidate with political experience as president.

It all added up to Trump’s biggest night yet.

“Now we’re winning, winning, winning,” Trump said. “And soon the country is going to start winning, winning, winning.”

The outcome was bad news for Marco Rubio, who is now 0 for 4 in the February contests, and Ted Cruz, who won the Iowa caucuses but finished a disappointing third in South Carolina on Saturday.

Those two senators continued to vie for the crucial mantle of the best candidate to eventually take down Trump. With 36 percent of precincts reporting, Trump led with 43 percent of the vote, with Cruz and Rubio trailing far behind, both tied at 24 percent.

Rubio skipped an election-night speech, while an exhausted-looking Cruz proclaimed himself the only legitimate alternative to Trump.

“The only campaign that has beaten Donald Trump and the only campaign that can beat Donald Trump is this campaign,” Cruz told supporters.

Stopping Trump now looks like a steeper proposition after he trampled Rubio and Cruz on Tuesday, scoring huge wins across nearly every cross-section of the Republican Party. Entrance polls show Trump won moderate voters and very conservative voters by huge margins. He won in rural and urban areas, and among voters with only high school diplomas and those with post-graduate degrees.

Trump even handily bested Cruz among his supposed based of evangelical Christians, and, though the sample was small, topped his two Cuban-American opponents among Hispanic caucus-goers.

Trump reveled in the details. “I love the evangelicals!” he yelled. ““Number one with Hispanics,” he bragged.

And he pointedly called out the home states of his remaining rivals — Texas for Cruz, Florida for Rubio and Ohio for John Kasich — as places he now leads in the polls and will win the coming weeks.

“It’s going to be an amazing two months,” he said. “We might not even need the two months to be honest, folks.”

Indeed, it’s not clear where anyone can next beat Trump, though Cruz looked ahead to Texas, which votes on March 1, in his speech.

“I cannot wait to get home to the great state of Texas,” he said.

Cruz and Rubio now face a political calendar that plays even more to Trump’s strengths: massive made-for-TV rallies and free national media coverage, with a dozen states voting in only seven days.

Kasich, who was in last place in early returns, continued to insist he was in the race to stay. His chief strategist, John Weaver, released a memo after the race was called taking aim at Rubio, Kasich’s rival for the mantle of establishment favorite.

“Contrary to what his campaign is trying to portray, Senator Rubio just endured another disappointing performance despite being the highest spending candidate in Nevada,” the memo read. “Republicans are now left to wonder whether investing in Marco Rubio is throwing good money after bad.”

Cruz, who was neck-and-neck with Rubio in early returns, also said the Florida senator underperformed.

“Marco Rubio started working early and put a significant amount of resources into making Nevada the one early state he could win,” Cruz’s campaign wrote in a statement. “But despite the hype, Rubio still failed to beat Donald Trump.”

Low turnout put a particular premium on early organizing, in which both Rubio and Cruz quietly invested. Cruz had the backing of the state’s Republican attorney general, Adam Laxalt, and made appeals to Nevada’s rural voters with a television ad highlighting his opposition to the fact that the federal government controls 85 percent of the state’s land. (Kasich targeted the same issue in TV ads, as well.)

Rubio, meanwhile, tried to connect with Nevada voters from his time living there as a child in the late 1970s and early 1980s, telling audiences about how his father worked as a bartender at Sam’s Town and his mother as a maid at the Imperial Palace. (He still has numerous cousins in the state.) Rubio’s family’s dabbled with Mormonism during those years and Rubio hoped an active Mormon political network that lifted Mitt Romney to a landslide win, with 50 percent of the vote, would turn out for him.

But it didn’t happen.

Stumping in rural Nevada on caucus day, Trump continued to boast of his strong poll numbers in states coming up on the voting calendar, including Cruz’s home state of Texas. He warned supporters to be wary of “dishonest stuff” from Cruz, whom he dubbed a “baby” and a “liar.”

And Trump issued a warning shot to Rubio to beware taking him on: The two have largely avoided tangling but that could change if Rubio builds on his second-place finish in South Carolina on Saturday.

“When he hits me, ugh, is he gonna be hit,” Trump said. “Actually, I can’t wait.”

Trump was in a far more ebullient mood at his victory rally, where he stood behind a lectern for his third straight win, flanked by two of his sons.

Alluding to his practice in his earlier life of raking in money whenever he had the chance, Trump said: “Now we’re going to get greedy for the United States.”

Trump walked off the stage mouthing, “USA, USA, USA.”

Why is Billionaire Entrepreneur Donald J. Trump continuing to win?

To quote Ol’ Serpenthead (as his wife, Mary Matalin, calls him), James Carville,

IT’S THE ECONOMY, STUPID!

Andy Puzder, the chief executive officer of CKE Restaurants, does a great job in illuminating the point, in an op ed, posted today on realclearpolitics.com.

Jobs and the economy are top of mind for voters from both parties this election cycle according to a recent Gallup poll. This is hardly a surprise. But what was a surprise to many is the importance of immigration and free trade as economic issues for working class voters and the level of betrayal they feel with respect to their government’s handling of these issues.

These voters feel stuck between free trade policies that encourage companies to move good paying jobs outside the U.S. and the failure to enforce our immigration laws allowing people here illegally to take jobs that remain. While the economic wisdom of legal immigration and free trade policies is compelling, politicians would be well advised not to minimize these voters’ concerns.

According to the Bureau of Labor Statistics, over the past thirty years the number of people employed in U.S.-based manufacturing has dropped dramatically by 5 million. When people are living in towns where the local plant closed because a big company moved jobs to Mexico or China, it’s extremely difficult to convince them that free trade policies are working to their benefit. Recent announcements by companies like Ford and Carrier Air Conditioning that they’re sending jobs to Mexico only reinforce their frustration.

Arguments on the benefits of liberal immigration policies also have little appeal when employers are hiring illegal immigrants for good paying jobs–such as those in construction–because they’ll work for less. Lacking higher paying jobs in sectors such as construction and manufacturing, working class Americans are often left to compete for lower paying retail positions and again find themselves competing with immigrants willing to work for less.

While free trade is unambiguously good for the worldwide economy and for each individual nation, including ours, there are adjustment costs. Working class Americans of all racial and ethnic backgrounds have borne a disproportionate share of those costs, made worse by inexcusably lax enforcement of our immigration laws.

Scapegoating immigrants won’t solve these problems any more than the Democrats’ efforts to scapegoat the rich. But these voters have little interest in complex arguments on how free trade or immigration will improve the economy overall. Rather, they want to hear specifically how candidates are going to protect their jobs, their families and their children’s futures.

When Donald Trump talks about punishing China, building a wall, and restricting immigration–rightly or wrongly–he hits these voters where they live. Their level of betrayal with what has come to be called “Establishment” politicians is so great that they’re apparently willing to ignore any political and ideological differences they may have with Mr. Trump.

These working class voters are essential to a Republican victory in 2016. While much has been said about Mitt Romney getting a mere 27% of the Hispanic vote in 2012, Nate Silver’s “Swing the Vote” web site shows that even if he had gotten 67% he would still have lost the Electoral College vote and the election. However, with an increase of just a few percentage points in the college and non-college educated white vote, Romney would have won the presidency despite getting only 27% of the Hispanic vote.

With respect to the popular vote, the Census Bureau’s Center for Immigration Studies found that Romney would have had to increase his share of the Hispanic vote by 23 percentage points–from the 27 percent he actually received to 50 percent–to win it. However, he could also have won it by increasing his share of the white vote by only three percentage points, from the 59 percent he actually received to 62 percent.

And this assumes stagnant turnout. According to the Census Bureau, between 2008 and 2012, voter turnout for white voters without a college degree declined a disconcerting 3.7% (from 48% to 44.3%), or nearly 4 million fewer voters.

These voters are a proxy for all working class voters whose concerns cut across racial and ethnic barriers. Any candidate seriously intent on winning the presidency in 2016 must understand why they didn’t show up in 2012 and, more importantly, how to get them to show up in 2016. That will require solutions on how working class voters (white, Hispanics, black or Asian) can build a better life, pursue a career, find a path to the middle class, send their kids to college and retire with dignity.

Republican candidates should proclaim at every opportunity a simple, relatable and heartfelt economic message that allows working class Americans to believe their candidate is protecting their interests. In different times, they believed it about Ronald Reagan and Bill Clinton. Today they believe it about Donald Trump. The question for the rest of the Republican field is whether they will believe it about anyone else.

Bingo.

Give that man a cee-gar.

As the polls show, and will continue to show, Trump is striking a resonant chord in the hearts of Average Americans, living here in the part of America, which the snobbish Political Elites refer to as “Flyover Country”, but which we refer to as “America’s Heartland”, or, quite simply, “HOME”.

Our palpable anger is one which has been building since January of 2009, when a Lightweight, who throws a baseball like a girlas inaugurated as President of the United States of America.

That anger, a result of his anti-American actions and resulting failed Foreign and DOMESTIC Policies, which have affected Americans’ daily lives, including our Household Incomes, has been exacerbated by the Republican Elite, who, in their desire to “reach across the aisle” and “go along to get along”, have distanced themselves from the Middle Class Average Americans, like you and me, who elected them to Congress in the first place.

Meanwhile, these same average Americans, (i.e., you and me), remain mired up to our necks in an abysmal swamp of bills and taxes, living paycheck-to-paycheck, afraid to make a move, for fear of drowning in an ocean of debt.

Seemingly forgotten, in all of the forgotten promises, made by Barack Hussein Obama, and Establishment Democrats and Republicans, alike, are the 94 million Americans, who are no longer, largely through no fault of their own, participating in our Workforce.

You want to talk about anger and frustration?

Try looking for work, when you are over 55 years of age.

It makes you want to give up…daily.

But, I digress…

Anger has played an important part in the forging of this great country, which will be lucky to survive Obama’s final year in office.

It was anger that formed our country….an anger over being held captive to “Taxation Without Representation”…an anger which, as a prime example of history repeating itself, Americans are experiencing, even as I type this blog.

It is this anger, which has propelled Donald J. Trump to his lead in the Republican Primary Race…and those who prefer the Washingtonian Status Quo know it.

Hence, South Carolina’s Governor Nikki Haley’s alluding to it in her Rebuttal, something which has never been done before.

When delivering a Rebuttal to the SOTU Address, the Opposition Party’s Spokesperson is supposed to discredit the sitting President, not one of their own.

But, again, I digress…

In conclusion, concerning the “Mantle of Anger”, I, like Trump, wear it proudly.

It is an American’s Right…and Heritage.

And…we will wear it all the way to November.

Until He Comes,

KJ

The August Jobs Report: More Americans on Unwanted “Fun-cation”

marie-antoinette-obamaAs August’s Job Report was delivered, yesterday, I was struck by how, under the Presidency of Barack Hussein Obama, our American Capitalist System, which after World War II, produced a health and vibrant Middle Class, has been compromised to the point of now beginning to resemble a faltering economic system, not unlike a European Democratic Socialist country like, say, Greece.

According to cnsnews.com,

A record 94,031,000 Americans were not in the American labor force last month — 261,000 more than July — and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the nation heads into the Labor Day weekend.

The number of Americans not in the labor force has continued to rise, partly because of retiring baby-boomers and fewer workers entering the workforce.

In August, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 251,096,000. Of those, 157,065,000 participated in the labor force by either holding a job or actively seeking one.

The 157,065,000 who participated in the labor force equaled only 62.6 percent of the 251,096,000 civilian noninstitutional population — the same as it was in July and June. Not since October 1977, when the participation rate dropped to 62.4, has the percentage been this low.Historical perspective

In January 1948 — the first year the data was recorded — 88.7 percent of men, aged 20 and older, were participating in the U.S. labor force. The rate first dipped below 80 percent in November 1975 (79.9%), spiraling steadily downward through August 2015, when 71.5 percent of men 20 and older were participating in the labor force.

It’s the opposite story for women 20 and older: In 1948, a time when one-earner incomes were generally sufficient to support the family, only 31 percent of  women participated in the workforce. In May 1966, the rate climbed above 40 percent for the first time; it broke 50 percent in October 1978; and 60 percent in July 1996.

When Barack Obama took office in January 2009, 60.9 percent of women were particiating in the labor force, but after rising somewhat in that economically turbulent year, the particpation rate for women started heading down. Last month, it stood at 58.2 percent.

Change. Little hope.

Norman Matoon Thomas (1884-1968) was a six-time Presidential Candidate  representing the Socialist Party of America.  In a campaign interview in 1948, he said the following:

The American people will never knowingly adopt Socialism. But under the name of ‘liberalism’ they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.

Are you catching my drift? Mr. Thomas was right.  I think that he and the president would have been fast friends.

When Barack Hussein Obama first ran for the Presidency of the United States in 2008, he claimed that his economic policies would “foster economic growth from the bottom up and not just from the top down.” Obama promised to put in place “an immediate rescue plan for the middle class” and would end the “tired, worn-out, trickle-down ideologies we’ve been seeing for so many years.”

Obama got everything that he wanted in his first two years in the White House, when Democrats had solid control of Congress — a massive stimulus, auto industry bailouts, temporary middle class tax cuts, vast new regulations on businesses and ObamaCare.

But,  all of his brilliant Socialist Economic Policies  produced the exact opposite of what he’d promised.

So, he pounded his them of “Class Warfare” even harder.

So much so that, during his Re-election Campaign in 2012, President Barack Hussein Obama said,

This country doesn’t just succeed when just a few are doing well at the top. It succeeds when the middle class gets bigger. Our economy doesn’t grow from the top down — it grows from the middle out. We don’t believe that anybody is entitled to success in this country,” said Obama. “But we do believe in opportunity. We believe in a country where hard work pays off and responsibility is rewarded, and everybody is getting a fair shot and everybody is doing their fair share and everybody is playing by the same rules.

On July 24, 2013, Newly-Re-elected President Obama began a series of Stump Speeches titled, “Growing the Economy From the Middle Class Out”.  Here’s an excerpt of the first speech:

…With an endless parade of distractions, political posturing and phony scandals, Washington has taken its eye off the ball. And I am here to say this needs to stop. Short-term thinking and stale debates are not what this moment requires. Our focus must be on the basic economic issues that the matter most to you – the people we represent. And as Washington prepares to enter another budget debate, the stakes for our middle class could not be higher. The countries that are passive in the face of a global economy will lose the competition for good jobs and high living standards. That’s why America has to make the investments necessary to promote long-term growth and shared prosperity. Rebuilding our manufacturing base. Educating our workforce. Upgrading our transportation and information networks. That’s what we need to be talking about. That’s what Washington needs to be focused on.

And that’s why, over the next several weeks, in towns across this country, I will engage the American people in this debate. I will lay out my ideas for how we build on the cornerstones of what it means to be middle class in America, and what it takes to work your way into the middle class in America. Job security, with good wages and durable industries. A good education. A home to call your own. Affordable health care when you get sick. A secure retirement even if you’re not rich. Reducing poverty and inequality. Growing prosperity and opportunity.

So, who is it that is keeping America’s Middle Class from prospering?

I’ll give you a clue: His initials are B.H.O.

The prosperous years during the Reagan Presidency marked a period of economic progress for Middle Class Americans. Middle Class Income increased 11 percent after adjustment for inflation, while nearly 20 million new jobs were created.

Those Liberal critics of the 1980s, who argue that the Middle Class shrank in number during those years, are half -right for the wrong reasons. The proportion of Middle Class Americans did indeed decline, but this reflected an upward movement of households into the high income category. Meanwhile, the proportion of Low Income Households declined, as more became middle class. The income growth during the Reagan Presidency increased the size of the pocketbooks of Americans at all income levels.

During Obama’s time in office, America’s major corporations have been hit with punitive measures, including high corporate tax rates and Obamacare, which has caused them to “down-size” their employee rolls and to relocate their call centers to companies like India, which has effected the rest of our economy.

Trickle-Down Economics was simply common sense. Capitalism is the engine that drives America’s economy.

When those who actually hire Americans are attacked by an Administration, naturally, those consequences are felt by those in lower economic strati (that’s you and me, boys and girls).

Obama’s “Trickle-Up” Economic Policy has been a miserable failure.

Because, as Lady Margaret Thatcher once said,

The problem with Socialism is that eventually you run out of other people’s money.

Until He Comes,

KJ

“Obamanomics”: The Rich Get Richer. Middle and Lower Class Suffer.

ObamaTransparentBranco852014We can’t have special interests sitting shotgun. We gotta have middle class families up in front. We don’t mind the Republicans joining us. They can come for the ride, but they gotta sit in back.- Barack Hussein Obama

When Barack Hussein Obama first ran for the Presidency of the United States in 2008, he claimed that his economic policies would “foster economic growth from the bottom up and not just from the top down.” Obama promised to put in place “an immediate rescue plan for the middle class” and would end the “tired, worn-out, trickle-down ideologies we’ve been seeing for so many years.”

Obama got everything that he wanted in his first two years in the White House, when Democrats had solid control of Congress — a massive stimulus, auto industry bailouts, temporary middle class tax cuts, vast new regulations on businesses and ObamaCare.

But,  all of his brilliant Socialist Economic  Policies produced the exact opposite of what he’d promised.

So, he pounded his them of “Class Warfare” even harder.

So much so that, during his Re-election Campaign in 2012, President Barack Hussein Obama said,

This country doesn’t just succeed when just a few are doing well at the top. It succeeds when the middle class gets bigger. Our economy doesn’t grow from the top down — it grows from the middle out. We don’t believe that anybody is entitled to success in this country,” said Obama. “But we do believe in opportunity. We believe in a country where hard work pays off and responsibility is rewarded, and everybody is getting a fair shot and everybody is doing their fair share and everybody is playing by the same rules.

On July 24, 2013, Newly-Re-elected President Obama began a series of Stump Speeches titled, “Growing the Economy From the Middle Class Out”.  Here’s an excerpt of the first speech:

…With an endless parade of distractions, political posturing and phony scandals, Washington has taken its eye off the ball. And I am here to say this needs to stop. Short-term thinking and stale debates are not what this moment requires. Our focus must be on the basic economic issues that the matter most to you – the people we represent. And as Washington prepares to enter another budget debate, the stakes for our middle class could not be higher. The countries that are passive in the face of a global economy will lose the competition for good jobs and high living standards. That’s why America has to make the investments necessary to promote long-term growth and shared prosperity. Rebuilding our manufacturing base. Educating our workforce. Upgrading our transportation and information networks. That’s what we need to be talking about. That’s what Washington needs to be focused on.

And that’s why, over the next several weeks, in towns across this country, I will engage the American people in this debate. I will lay out my ideas for how we build on the cornerstones of what it means to be middle class in America, and what it takes to work your way into the middle class in America. Job security, with good wages and durable industries. A good education. A home to call your own. Affordable health care when you get sick. A secure retirement even if you’re not rich. Reducing poverty and inequality. Growing prosperity and opportunity.

So, who is it that is keeping America’s Middle Class from prospering?

I’ll give you a clue: His initials are B.H.O.

The Washington Times reports that

Under President Obama, the richest 10 percent were the only income group of Americans to see their median incomes rise, according to a survey released this week by the Federal Reserve.

The Fed data covered the years 2010-2013, during which period Mr. Obama constantly campaigned against income inequality and won re-election by painting his Republican rival as a tool of Wall Street plutocrats.

“Data from the 2013 [Survey of Consumer Finances] confirm that the shares of income and wealth held by affluent families are at modern historically high levels,” the report said in noting that the median income fell for every 10-percent grouping except the most affluent 10 percent. 

“The 2013 SCF reveals substantial disparities in the evolution of income and net worth since the previous time the survey was conducted, in 2010,” the report stated. The SCF is conducted by the Federal reserve triennially and compiles information about family incomes, credit use, net worth and finances.

The 2010-2013 SCF found that even though real gross domestic product grew by 2.1 percent and civilian unemployment fell from 9.9 percent to 7.5 percent, only families at “the very top of the income distribution saw widespread income gains,” though mean median income levels still lagged behind 2007 numbers.

The report comes just a week after AFL-CIO President Richard Trumka said the union group would not endorse any more Democrats that are following President Obama’s economic policy.

“We will call in and question all of the candidates,” he said. “One of our biggest concerns is who is the candidate’s economic team, because if the present economic team doesn’t change, you are going get the same results.”

The survey also found that family in the middle income bracket (40th to 90th percentiles) saw “very little” change in average real incomes and still have not recovered losses from 2010 and 2007. Families at the bottom of the income distribution continued to see “substantial declines” in average real incomes, a continuing trend from the previous two surveys.

The top percentile of Americans also increased their wealth share since 2010, corresponding to a loss in wealth for the bottom 90 percent of Americans, according to the Fed data.

“The wealth share of the top 3 percent climbed from 44.8 percent in 1989 to 51.8 percent in 2007 and 54.4 percent in 2013. … The share of wealth held by the bottom 90 percent fell from 33.2 percent in 1989 to24.7 percent in 2013,” the report stated.

The prosperous years during the Reagan Presidency marked a period of economic progress for Middle Class Americans. Middle Class Income increased 11 percent after adjustment for inflation, while nearly 20 million new jobs were created.

Those Liberal critics of the 1980s, who argue that the Middle Class shrank in number during those years, are half -right for the wrong reasons. The proportion of Middle Class Americans did indeed decline, but this reflected an upward movement of households into the high income category. Meanwhile, the proportion of Low Income Households declined, as more became middle class. The income growth during the Reagan Presidency increased the size of the pocketbooks of Americans at all income levels.

During Obama’s time in office, America’s major corporations have been hit with punitive measures, including high corporate tax rates and Obamacare, which has caused them to “down-size” their employee rolls and to relocate their call centers to companies like India, which has effected the rest of our economy.

Trickle-Down Economics was simply common sense. Capitalism is the engine that drives America’s economy.

When those who actually hire Americans are attacked by an Administration, naturally, those consequences are felt by those in lower economic strati (that’s you and me, boys and girls).

Obama’s “Trickle-Up” Economic Policy has been a miserable failure.

Because, as Lady Margaret Thatcher once said,

The problem with Socialism is that eventually you run out of other people’s money.

Until He comes,

KJ

Until He Comes,

KJ

 

Obama’s Economic Soliloquy: “Sound and Fury…Signifying Nothing”

Obama-Shrinks-2Yesterday, President Barack Hussein Obama spoke for one hour and six minutes at Knox College in Illinois. The speech was longer than all but one of his State of the Union Addresses.

The bad news? It was just the first in a series of speeches he’ll be giving under the title “A Better Bargain for the Middle Class”.

That’s right, boys and girls, our Petulant President is campaigning again, this time to distract and obfuscate.

A better title for this traveling lecture series would be “The Magical Mystery Tour”.

The Prevaricator-in-Chief has literally run out of ideas. So, he is recycling his “Growing the Economy From the Middle Class Out” bogus economic theory, praying that it distracts the nation from all of the scandals that are hanging over his head, like a piano in a Tom and Jerry Cartoon.

The problem he’s got is that he doesn’t sound like a U.S. President, who has a vision for our nation. Instead, he sounds like a visiting collegiate lecturer who has no lesson plan prepared.

You can tell by all the insipid double-talk he filled his soliloquy with . A straight talker, he ain’t.

Today, five years after the start of that Great Recession, America has fought its way back.

Together, we saved the auto industry, took on a broken health care system, and invested in new American technologies to reverse our addiction to foreign oil and double wind and solar power.

Together, we put in place tough new rules on big banks, and protections that cracked down on the worst practices of mortgage lenders and credit card companies. We changed a tax code too skewed in favor of the wealthiest at the expense of working families, locking in tax cuts for 98% of Americans, and asking those at the top to pay a little more.

Add it all up, and over the past 40 months, our businesses have created 7.2 million new jobs. This year, we are off to our strongest private-sector job growth since 1999. And because we bet on this country, foreign companies are, too. Right now, more of Honda’s cars are made in America than anywhere else. Airbus will build new planes in Alabama. Companies like Ford are replacing outsourcing with insourcing and bringing more jobs home. We sell more products made in America to the rest of the world than ever before. We now produce more natural gas than any country on Earth. We’re about to produce more of our own oil than we buy from abroad for the first time in nearly 20 years. The cost of health care is growing at its slowest rate in 50 years. And our deficits are falling at the fastest rate in 60 years.

Thanks to the grit and resilience of the American people, we’ve cleared away the rubble from the financial crisis and begun to lay a new foundation for stronger, more durable economic growth. In our personal lives, we tightened our belts, shed debt, and refocused on the things that really matter. As a country, we’ve recovered faster and gone further than most other advanced nations in the world. With new American revolutions in energy, technology, manufacturing, and health care, we are actually poised to reverse the forces that have battered the middle class for so long, and rebuild an economy where everyone who works hard can get ahead.

…A growing number of Republican Senators are trying to get things done, like an immigration bill that economists say will boost our economy by more than a trillion dollars. But a faction of Republicans in the House won’t even give that bill a vote, and gutted a farm bill that America’s farmers and most vulnerable children depend on.

If you ask some of these Republicans about their economic agenda, or how they’d strengthen the middle class, they’ll shift the topic to “out-of-control” government spending – despite the fact that we have cut the deficit by nearly half as a share of the economy since I took office. Or they’ll talk about government assistance for the poor, despite the fact that they’ve already cut early education for vulnerable kids and insurance for people who’ve lost their jobs through no fault of their own. Or they’ll bring up Obamacare, despite the fact that our businesses have created nearly twice as many jobs in this recovery as they had at the same point in the last recovery, when there was no Obamacare.

With an endless parade of distractions, political posturing and phony scandals, Washington has taken its eye off the ball. And I am here to say this needs to stop. Short-term thinking and stale debates are not what this moment requires. Our focus must be on the basic economic issues that the matter most to you – the people we represent. And as Washington prepares to enter another budget debate, the stakes for our middle class could not be higher. The countries that are passive in the face of a global economy will lose the competition for good jobs and high living standards. That’s why America has to make the investments necessary to promote long-term growth and shared prosperity. Rebuilding our manufacturing base. Educating our workforce. Upgrading our transportation and information networks. That’s what we need to be talking about. That’s what Washington needs to be focused on.

And that’s why, over the next several weeks, in towns across this country, I will engage the American people in this debate. I will lay out my ideas for how we build on the cornerstones of what it means to be middle class in America, and what it takes to work your way into the middle class in America. Job security, with good wages and durable industries. A good education. A home to call your own. Affordable health care when you get sick. A secure retirement even if you’re not rich. Reducing poverty and inequality. Growing prosperity and opportunity.

Some of these ideas I’ve talked about before, and some will be new. Some will require Congress, and some I will pursue on my own. Some will benefit folks right away; some will take years to fully implement. But the key is to break through the tendency in Washington to careen from crisis to crisis. What we need isn’t a three-month plan, or even a three-year plan, but a long-term American strategy, based on steady, persistent effort, to reverse the forces that have conspired against the middle class for decades.

Obama did his very best Lt. Frank Drebin impression in addressing his scandals,

Nothing to see here. Move along. Nothing to see here.

He begged the American public to ignore them.

Ambassador Chris Stevens, Tyrone Woods, Glen Doherty, and Sean Smith remain unavailable for comment.

And, Mr. President, a series of didactic lectures designed to distract from America’s growing dissatisfaction with your lousy performance as an American President, is not a ‘debate”.

Especially, when your staff hand-picks the audience.

Oh, about the Vichy Republicans who you say are working with you. You had better work quickly, because they won’t be around after November of 2014.

And, as far as acting on your own, you do so at your party’s peril. 

As far as we hard-working members of the middle class are concerned, we would appreciate it, if you stopped generating twice as many Food Stamp Recipients as your idiotic Economic Policies produce jobs.

That, as least, would show you are actually accomplishing something positive.

But, you won’t. Just as the scorpion explained to the frog, after stinging him in the middle of riding piggy-back across a lake, you can’t help destroying a once robust American Economy.

It’s just your nature.

Until He Comes,

KJ