Conservative Rumblings

Unbelievable. This administration is continuing to massacre our economy as unemployment rises to 9.8% and STILL proclaiming that they are “helping” it. Now, Joey Biden claims that they are ‘still confident it will recover.’

COME ON! This is getting spectacularly stupid. People need to sit up and take notice; literally, every month the numbers are worse than projections, worse than the White House’s estimates…and they just say, Oh, NEXT month it’ll be ok. Just bear with us ONE more month.

Back in February, we were told it was a life or death thing that we had to pass the porkulus package in the next 24 hours or the country was doomed. This is almost a carbon copy of the report I gave in July. Things are STILL getting worse, and NO one in this administration cares. In fact, as some of my Twitter friends have been mentioning today, many think this is actually what they intended. The more crippled the economy is, the more idiots will cry out for government intervention. Obama and his czars are more than willing to answer that call.

The unemployment rate rose to 9.8 percent in September as employers cut far more jobs than expected, evidence that the longest recession since the 1930s is still inflicting widespread pain.

The official jobless rate stopped short of topping 10 percent only because the Labor Department doesn’t count people who have given up looking for work or settled for part-time jobs.

More than a half-million unemployed people gave up looking for work last month. If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the unemployment rate rose to 17 percent, the highest on records dating from 1994.

The Labor Department said Friday that the economy lost a net total of 263,000 jobs last month, up from a downwardly revised 201,000 in August. That’s above Wall Street economists’ expectations of 180,000 job losses, according to a survey by Thomson Reuters.

The unemployment rate rose from 9.7 percent in August, matching expectations.

All told, 15.1 million Americans are now out of work, the department said. And more than 7.1 million jobs have been eliminated since the recession began in December 2007.

How long is it going to take for people to realize the president, the vice-president has no idea what they are doing. The economy is NOT recovering and their so-called “plan” is NOT HELPING…government intervention rarely does.

For an administration obsessed with using poll numbers to guide decisions, I find it pretty ironic they are so gung-ho on nationalizing GM when most Americans want nothing to do with it.

Only 21% of voters nationwide support a plan for the government to bail out General Motors as part of a structured bankruptcy plan to keep the troubled auto giant in business.

The latest Rasmussen Reports national telephone survey finds that 67% are opposed to a plan that would provide GM with $50 billion in funding and give the government a 70% ownership interest in the company.

Even when presented with the stark choice between providing government funding or letting GM go out of business, only 32% of voters support the bailout. Most voters (56%) say it would be better to let GM go out of business.

That last part is even more telling. Better than half, a clear majority of voters, would rather GM go out of business than it become another leg of the already bloated Federal government.

Obama’s seemingly impenetrable ice floe of public support is starting to show some cracks…and I’m loving every second of it.

I have this feeling though that we’re going to miss the good old days; you know, the days where if a company failed, it failed…it didn’t get bailouts, it didn’t get czars, it didn’t get an “auto task force.” It went out of business because its business model (or execution thereof) was lacking.

Those days are what created the robust economy that pushed the United States from a colony of Great Britain to THE world superpower in 200 years. For all of Obama’s hatred of capitalism, it is that very ideology that created the country he now seeks to destroy.

So much for the hoopla and highly publicized activities of this week’s G-20 economic summit.

Fifty-four percent (54%) of Americans say the U.S. economy will be helped more by the decisions of U.S. business leaders to grow their own businesses than by the actions of world leaders on behalf of the global economy.

[…]

Sixty percent (60%) of investors place more faith in U.S. business leaders. Confidence as measured by the Rasmussen Consumer and Investor Indexes is down slightly after a week of gains.

“Adam Smith would be proud. While all the media attention is focused on the G-20, the American people are looking in a different direction for solutions to the global economic slowdown,” Scott Rasmussen, founder and publisher of Rasmussen Reports, explains. “By a nearly two-to-one margin, voters say decisions U.S. business owners make will do more for the economy than pronouncements by the world leaders gathered in London.”

What, oh, how crazy? Americans feel that AMERICANS are better suited to fixing the AMERICAN economy than a bunch of socialist Europeans? Tell this to the MSM, who can’t fall over themselves quick enough when explaining how the socialists are going to “fix everything.” Maybe it’s time we went back to basics and relied upon our own devices instead of crawling to Europe like Obama did asking for help from, as previously mentioned, SOCIALISTS!

This I find hilarious. The liberals can’t say enough good things about the screwed up European Union, they of the mass-socialism variety. The Far Left loves the lack of borders, the standard currency, the nanny government and, of course, the complete and utter capitulation to the United Nations.

According to Sen. Judd Gregg (R-NH), however, our debt levels wouldn’t even allow us to join the European Union, which is of course exceedingly ironic and thoroughly entertaining.

The United States wouldn’t even be eligible to enter the European Union if it wanted to because of its debt levels, Sen. Judd Gregg (R-N.H.) claimed Thursday.

“We won’t even be able to get into the EU if we wanted to,” Gregg said this morning on MSNBC, “because our government is so large and so huge.”

The European Union’s Stability and Growth Pact (SGP) adopted in 1997 requires a budget deficit to be less than three percent, and requires a national debt beneath 60 percent of Gross Domestic Product (GDP).

“We’ve been lectured by France on the fact that we’re not fiscally responsible right now,” Gregg, the would-be commerce secretary, noted with incredulity.

According to the Congressional Budget Office, the yearly budget deficit would fall well beyond that threshold in coming years.

Still, Gregg expressed resignation with the likelihood that the Obama administration’s proposed budget would emerge successfully from Congress.

Anytime we get lectured by FRANCE for being too socialist, well, we know there are some major issues we need to handle. Among others, the fact that we have a tax cheat in charge of our money, a demon running the House and a socialist as President are kind of big ticks in the “issues” column.