Obama is Death to the American Economy

Obama's Economic Policies Stifle Growth

The chairman of the Business Roundtable, an association of top corporate executives that has been President Obama's closest ally in the business community, accused the president and Democratic lawmakers Tuesday of creating an "increasingly hostile environment for investment and job creation."

Ivan G. Seidenberg, chief executive of Verizon Communications, said that Democrats in Washington are pursuing tax increases, policy changes and regulatory actions that together threaten to dampen economic growth and "harm our ability . . . to grow private-sector jobs in the U.S." _WaPo

Obama's anti growth and anti-private sector bias was evident two years ago. But it's nice that a few people are beginning to notice.

The Next Big Economic Crisis is the Default of State Bonds

Fannie Mae and Freddie Mac are sucking up Stimulus Funds and destroying the mortgage system of the US

Americans are losing hope in the Messiah of hope and change

President Obama is an incompetent, inexperienced, clown of a child-in-man's-clothing. Only an idiot could have ever expected him to put the country on a sound economic footing.

Skipper BO Steers Course Onto the Rocks, Blames Others

Worst unemployment picture since WWII

Obama Doesn't Know What He's Doing

Long-term unemployment skyrockets

Middle class collapsing

Dependency on government a growing addiction for Americans

This is the Obama - Pelosi age, the age of the oxymoron "social justice." Destroying the country to save it is the path that radical revolutionaries often take -- from Mugabe to Castro to Chavez to Kim to Pol Pot to Stalin to Hitler and so on.

Captain Obama at the wheel, the USS America headed onto the rocks, and in the ballroom Pelosi is gathered with Greenpeace, the trial lawyers, labour union bosses, the IPCC, Al Gore and the carbon traders, and a host of lobbyists, singing "Happy Days are Here Again!"

Pay no attention to those deep grinding noises coming from below. Those are just some noises left over from the previous administration. Captain BO has increased speed to full ahead, so we will soon be out of the rough spots.

Is Competence Dying Out In the Obama Age?

Within the next five years, an estimated 45 percent of engineers in U.S. electrical utilities will be eligible for retirement or will leave for other reasons, according to a 2008 survey by the Center for Energy Workforce Development. That percentage translates into some 7,000 power engineers that will be needed in the electric utility industry alone. But the problem doesn't stop there. According to the report, two to three times as many electric power engineers may be needed to fulfill the needs of the entire economy. PW

The shortage of qualified engineers for the power industry, the oil industry, the nuclear industry, the construction industry, and many other industries, threatens to stifle plans for a vibrant, sustainable future. Without the manpower to turn ideas into working industries, jobs, and economies, you may as well start mixing the final kool-aid.

This looming shortage of competence is the end result of a designed dumbing down of schools -- from K-12 through the university. The substitution in the curricula of political indoctrination in the place of competence-building procedural and declarative knowledge has created at least one lost generation so far. Under Obama, the process toward brain-wasting will only accelerate.

But competent generations eventually retire, and die off. If all you are left with is psychological neotenates, academic lobotomates, and incompetent Obama zombies, your future will be dismal. But that is precisely the direction the western world is headed.

Even if universities and colleges were teeming with engineering students, the educational institutions may not be well equipped to handle the demand. The Collaborative estimated that within the next five years, 40 percent of full-time senior engineering faculty will be eligible for retirement and that 27 percent may actually do so. A number of historically strong power engineering programs have ended or are close to doing so. _PW

The rapidly depleting supply of competent engineers is just the beginning of the problem. As young minds are being rapidly destroyed by a dysfunctional educational system and popular culture, their dimming consciousness is incapable of selecting career paths for the future.

The recent debacle on Wall Street involving faulty computer models and suicidal risk instrument derivatives suggests that the mind rot extends all the way to the Ivy League cream of the crop. And under Obama, millionaire investment bankers are being bailed out by custodians, auto mechanics, garbage collectors, and taxi cab drivers -- via forced taxation of hard-earned income. Corruption on top of incompetence! Is this the future of hope and change? It seems so.

Clueless Clown, Hapless Harlequin, Zombie King

A combination of wishful thinking and abject stupidity has landed the US (and the world) in a toxic pit of hazard. It is bad enough having an inexperienced, incompetent, and ideologically blindered clown of a president in control. Unfortunately, the US Congress is led by a group of corrupt and unscrupulous quasi-criminals the likes of which has not been seen in well over a century of government corruption in the US. To top it off, everyone that Obama appoints to the executive and to the courts appears to share in these global Obama-style inadequacies and failure to lead responsibly. This will be a very rough 4 years. Even a radical rearrangement of the House of Representatives in 2010 will not be enough to reverse the destruction of Obama's first 6 months, let alone the next two years. Decades will be required to recover from this episode of failure by American voters and media.

Abandoning a Nuclear Deterrent Out of Wishful Thinking

Obama's War On Business

Obama's Recovery Plan Can Only Fail

Obama Prefers the UN to the US

Entering an Obama Dark Age

China's Support for Jihad in Afghanistan, India, and Pakistan



H/T Reverse Spins

A Liberal Gets Uneasy About Obama's Leftism

Stuart Taylor is a respected liberal legal scholar and author who has supported Obama out of a belief that Obama was "one of us." By "one of us", Taylor meant that he thought that Obama was really a "good liberal", and not a wild-eyed leftist like those right wingers were claiming. But even a "baby leftist" can start to wake up. Being taken for a chump is not easy to admit, but Taylor may be beginning to comprehend how easily he has been led down the path.

I have taken certain liberties with the excerpted text below, from Taylor's timid "mea culpa." Text inside the square brackets is editorial comment from Al Fin. _Al Fin

Having praised President Obama's job performance in two recent columns, it is with regret that I now worry that he may be [crafting] what looks more and more like a depression and may engineer so much spending, debt, and government control of the economy as to leave most Americans permanently less prosperous and less free.

Other Obama-admiring centrists have expressed similar concerns. Like them, I would like to be proved wrong. After all, if this president fails, who will revive our economy? And when? And what kind of America will our children inherit?

....But with the nation already plunging deep into [gratuitous] debt to [drown] the crippled financial system and stimulate the economy, Obama's proposals for many hundreds of billions in additional spending on universal health care, universal postsecondary education, a massive overhaul of the energy economy, and other liberal programs seem grandiose and unaffordable.

With little in the way of offsetting savings likely to materialize, the Obama agenda would probably generate trillion-dollar deficits with no end in sight, or send middle-class taxes soaring to record levels, or both.

All this from a man who told the nation last week that he doesn't "believe in bigger government" and who promised tax cuts for 95 percent of Americans.

The president's suggestions that all the necessary tax increases can be squeezed out of the richest 2 percent are [devious and ] deceptive and [designed] to stir class resentment. And his apparent cave-ins to [leftist revolutionary] interest groups [will] change the country for the worse.

Such concerns [will] help explain why the Dow Jones industrial average plunged 17 percent from the morning of Inauguration Day (8,280) to its close on March 4 (6,876). The markets have also been deeply shaken by Obama's alarming failure to come up with a clear plan for fixing the crippled financial system -- which has loomed since his election four months ago as by far his most urgent challenge -- or for working with foreign leaders to arrest the meltdown of the world economy.

Stuart Taylor

Can Obama Keep His Promise to Black Males?

There is a sense of optimism among many US blacks regarding the so-far successful candidacy of Barak Obama. This ecstatic burst of utopianism extends well beyond the US black community into Europe--even to Islamic terror organisations--but it is US blacks whose hopes are elevated to the most rapturous levels.

If Obama could do anything to help black males in the US, perhaps it would be worth it to elect him president just for that. What are the challenges?

In examining graduation rates, the report finds a national graduation rate for black males (47 percent) that is 28 percentage points lower than the graduation rate for white males (75 percent). In ten states, the difference in graduation rates for black males and white males is 30 percentage points or more...In addition to low graduation rates, black males also have "consistently low educational attainment levels, are more chronically unemployed and underemployed, are less healthy and have access to fewer health care resources, die much younger, and are many times more likely to be sent to jail for periods significantly longer than males of other racial/ethnic groups," according to the report. _Source_via_JoanneJacobs

As a group, black males are the chronic statistical laggards of US society. Can Barak Obama do anything at all to help them? The problem is vast and begins at a very early age.

In the country as a whole, the number of Black students in Special Education classes is disproportionately high and the number in Gifted/Talented programs is disproportionately low. The number of Black students, particularly Black male students, who receive out-of-school suspensions and are expelled is also disproportionately high. _Source_via_JoanneJacobs

A quick look at the chart above shows that as bad as young black males are doing in school, their sisters--born of the same parents, raised in the same homes, and eating the same foods--are actually doing fairly well.

Why are black girls doing reasonably well by comparison? Black girls, in contrast to the boys, get pretty good grades, go to college at decent rates and graduate from college at very good rates, earning degrees as twice the rate of men. _Source_via_JoanneJacobs

Black males are staggeringly over-represented in the prison population--44% of prisoners, and only 5% or so of the population (black males of prison age). The overall IQ average for American blacks is 85. That is 1 standard deviation below the overall mean of roughly 100. It very possible that the black male average IQ is even less than the overall US black average IQ, looking at comparative life success.

We know that executive function (EF) is more important than IQ for life success, although EF lacks a comparably accepted metric to IQ, so it is more difficult to compare EF statistics. EF can be improved by training (Posner, Rothbart), which should be done not much later than age 6. Even so, EF--like IQ--is highly heritable, so that there are limits to what training can do. Still, better trained than not.

Finally, if Barak Obama becomes US President next January, will the IQ's and EF's of black males magically and instantly normalise? Will we see abrupt drops in criminal and delinquent behaviour from black males? Will black males suddenly begin succeeding in school--from kindergarten through college? Will the exaggerated strut of young black males suddenly have a full complement of efficacy and competence backing it up?

Probably not. Not immediately, and not for a very long time. Then what will become of all of the magical expectations floating around the messianic candidacy of Barak Obama?

Obama has no substantive achievements, no particular experience or accomplishments to prepare him for the challenges he would face as chief executive of the world's only superpower. But never mind all that. Born of a white mother, raised largely by a white family, and only absorbing the victimist culture of black America secondhand--what has prepared Obama to pull black males out of the incredibly deep hole they are in?