Showing posts with label bailouts. Show all posts
Showing posts with label bailouts. Show all posts

Tuesday, March 13, 2012

This'n'That; March Ninth #2; MORE Unremarkable Remarks

The "Condemning Conservatives" Tour; Stop #2
Campaigning on "The Taxpayers' Dime"
"Clown Prince" blather from Petersburg, Va
Now, back then, in 2008, we were talking about how working Americans were already having a tough go of it. Folks were working harder and longer for less. It was getting tougher to afford health care or to send your kids to college. The economy was already shedding jobs, and in less than a decade, nearly one in three manufacturing jobs had vanished. Then the bottom fell out of the economy, and things got that much tougher. We were losing 700,000 to 800,000 jobs a month. The economy was hemorrhaging.   And three and a half years later, we’re still recovering from the worst economic crisis in our lifetimes. And we’ve got a lot of work to do before everybody who wants a good job can find one, before middle-class folks regain that sense of security that had been slipping away even before the recession hit, and before towns like Petersburg get fully back on their feet.  But here’s the good news: Over the past two years, our businesses have added nearly 4 million new jobs.  We just found out that last month in February we added 233,000 private sector jobs.  More companies are bringing jobs back and investing in America. And manufacturing is adding jobs for the first time since the 1990s.  We just had another good month last month in terms of adding manufacturing jobs. And this facility is part of the evidence of what’s going on all across the country. This company is about to hire more than 200 new workers -- 140 of them right here in Petersburg, Virginia.   So the economy is getting stronger. And when I come to places like this, and I see the work that’s being done, it gives me confidence there are better days ahead. I know it because I would bet on American workers and American know-how any day of the week.
     When I was immaculated in January 2009, the U-3 (socially acceptable) unemployment rate 7.8% which I--over the course of  10 short months--I and my regime managed to pushe the rate up to 10.1%!!   Over the same period of time the U-6 (TRUE) unemployment rate ran from 14.2% at the immaculation to--in October--17.2%.  By comparison, that evil George Bush's U-6 rate ranged from 7.3% to 13.5%.... Hell-a-va difference, huh?!?
    Now here's where the cleaver--fuzzy--math comes in:  each month the regime checks the 'labor participation rate' prior to tweaking the unemployment numbers.   The 'labor participation rate' is a cleaver 'fascist' way of tweaking all the relative numbers to finally come up with a U-3 (socially acceptable) unemployment rate.  When folks just stop looking for work--whether they're drawing unemployment benefits or not--we eliminate them from the 'labor participation rate' thus we can artificially lower the U-3 rate, most recently to 8.3%.  Realistically, the rate to be considered--to get the complete picture of the lack-of-jobs--is the U-6 rate.  Now, isn't that cleaver?!?!?
    By comparison,  that evil "Ronaldus-Magnus," President Ronald Reagan had the record for longest span of high unemployment until I beat him!!  Finally.... I beat someone at something!!  I now hold the record for:
Unemployment rate over 8%--32 months, and
Unemployment rate over 9%--27 months, and
Average number of weeks unemployed--40.5!!
    We--and by we I mean others in the regime--can blather on all we want about the number of new jobs added.  It's just more servings of the same bullshit I've been feeding you through a most compliant corps of national pamphleteers since the immaculation.  We--and by we, I mean others in the regime--usually just pull numbers out of 'the clear, blue sky' and feed them to you.
The key now -- our job now is to keep this economic engine churning. We can’t go back to the same policies that got us into this mess. We can’t go back to an economy that was weakened by outsourcing and bad debt and phony financial profits. We’ve got to have an economy that’s built to last. And that starts with American manufacturing. It starts with you.   For generations of Americans, manufacturing has been the ticket into the middle class. Every day, millions clocked in at foundries and on assembly lines, making things. And the stuff we made -- steel and cars and jet engines -- that was the stuff that made America what it is. It was understood around the world.  The work was hard, but the jobs were good. They paid enough to own a home, and raise kids and send them to college, gave you enough to retire on with dignity and respect. They were jobs that told us something more important than how much we were worth; they told us what we were worth. They told us that we were building more than just products. They told us we were building communities and neighborhoods, we were building a country. It gave people pride about what America was about.  And that’s why one of the first decisions I made as President was to stand by manufacturing, to stand by the American auto industry when it was on the brink of collapse.  The heartbeat of American manufacturing was at stake -- and so were more than a million jobs. And today, the American auto industry is coming back, and GM is number one in the world again, and Ford is investing billions in American plants and factories.  And together, over the past two and a half years, the entire auto industry has added more than 200,000 jobs. 
And here’s the thing. They’re not just building cars again, they’re building better cars. For the first time in three decades, we raised fuel standards in this country, so that by the middle of the next decade the cars that are built in America will average nearly 55 miles to the gallon.  That will save the typical family about $8,000 at the pump over time. That’s real savings.  That's real money.
    Here I go again.... actually, 'still!'  I continually beat you over the head with the 'Government Motors' bailout as if it were a good thing.  Well, maybe the basic concept of the industry bailout was good, but the owe-bama regime so bastardized that 'GM' thingie, it was unrecognizable by the time we finally paid off the unions (with 37% of the company), campaign supporters and election donors, the discerning public was able to figure out that it was a complete sham!!
    "....they're building better cars...."  Quality was not optional at the time of the GM and Chrysler bailouts, or even with Ford--which refused bailout funds, even though the regime tried to force them as we did with the banks.  Ford's "quality numbers" were good, but both GM and Chrysler's had to come up or even more socio-fascist bailouts couldn't save them!!
    "....the entire auto industry added more than 200,000 jobs...."  They sure did, one of the very few truisms you'll ever hear from me.  What I'm not saying, though is that the vast majority of jobs were created by those 'foreign' monikers that manufacture in the United States, with American labor!!
    Raising the CAFE standards has nothing to do with saving the American consumer money at the retail pumps; it has everything to do with control of every aspect of American life!  You'll note that I rarely say much about the pump price of gasoline and diesel fuel.  Gasoline prices at the 'immaculation rate' would save the consumer considerably more money with unchanged CAFE standards.  I have no desire to see it drop; rather, I'd like to see it keep increasing, albeit at a much slower pace!!  An 'owe-bamaFact:'  The national average gas price has gone up 105% since my immaculation, diesel has gone up 95% since said immaculation.
And it shows that depending on foreign oil doesn’t have to be our future. It shows that when we harness our own ingenuity, our technology, then we control our future. See, America thrives when we build things better than the rest of the world. I want us to make stuff here and sell it over there.  I don't want stuff made over there and selling it over here.  And that’s exactly what you’re doing here at the largest Rolls-Royce facility in the world. That’s what you’re doing by building the key components of newer, faster, more fuel-efficient jet engines.  But a few weeks ago.... I went to Boeing, in Washington State, and I checked out a new Dreamliner. I even got to sit in the cockpit, which was pretty sweet. I didn’t press any buttons there, though because if it had started going it would have been a problem.  So this plane, the Dreamliner, is going to keep America at the cutting edge of aerospace technology. American workers are manufacturing various components for it in Ohio, and Oklahoma, and South Carolina, and Kansas, and right here in Petersburg. In fact, the demand for their planes was so high last year that Boeing had to hire 13,000 workers all across America just to keep up. And Boeing is gaining more and more share all the time.  So think about that. Rolls-Royce is choosing to invest in America. You’re creating jobs here, manufacturing components for jet engines, for planes that we’re going to send all around the world. And that’s the kind of business cycle we want to see. Not buying stuff that’s made someplace else and racking up debt, but by inventing things and building things and selling them all around the world stamped with three proud words: “Made in America.”  Think about how important this is. I mean, imagine if the plane of the future was being built someplace else. Imagine if we had given up on the auto industry. Imagine if we had settled for a lesser future.  But we didn’t. We’re Americans. We are inventors. We are builders. We’re Thomas Edison and we’re the Wright Brothers and we are Steven Jobs. That’s who we are. That’s what we do. We invent stuff, we build it. And pretty soon, the entire world adapts it. That’s who we are. And as long as I’m President, we’re going to keep on doing it.  We’re going to make sure the next generation of life-changing products are invented and manufactured here in the United States of America.     I--as well as others in the regime--continue to piss-n-moan about 'sending' jobs overseas, when the real truth is that the U.S. Tax Code, the EPA regulations, the OSHA regulations as well as the rest of the red-tape bullshit are 'DRIVING' businesses out of the country!!  If you lived in Manhattan and could do your job in--say--Springfield, Missouri, wouldn't you move?!?  Missouri's tax rates are far less than New York State's; the cost-of-living is far lower in Springfield than Manhattan; Springfield is on a major trucking freight lane, while Manhattan is not!!  Truckers HATE to go into the five-boroughs that make up New York City.
    See how I bally-hoo about visiting the Boeing Complex in Everett, Washington.  I'm the same guy whose NLRB gave Boeing so much 'heartburn' about building a manufacturing facility in Charleston, South Carolina, lying about moving jobs from Everett to Charleston!!  This was little more than favoring one of my largest blocks of support, the union membership over private industry!!So that’s why we launched an all-hands-on-deck effort. We brought together the brightest academic minds, the boldest business leaders, the most dedicated public servants from our science and our technology agencies all with one big goal: a renaissance in American manufacturing. We called it the Advanced Manufacturing Partnership. The Advanced Manufacturing Partnership. And today, we’re building on it.  I’m laying out my plans for a new National Network of Manufacturing Innovation –- and these are going to be institutes of manufacturing excellence where some of our most advanced engineering schools and our most innovative manufacturers collaborate on new ideas, new technology, new methods, new processes.  And if this sounds familiar, that’s because what you’re about to do right here at Crosspointe. Later this summer, the Commonwealth Center for Advanced Manufacturing will open its doors. And it’s a partnership between manufacturers, including this one, UVA, Virginia Tech, Virginia State University.  VSU is a little overrepresented here, obviously the Commonwealth and the federal government. So think of this as a place where companies can share access to cutting-edge capabilities. At the same time, students and workers are picking up new skills, they’re training on state-of-the-art equipment; they’re solving some of the most important challenges facing our manufacturers. 
You just got all this brain power and skill and experience coming together in this hub, and that makes the whole greater than the sum of its parts. It allows everybody to learn from each other and figure out how we’re going to do things even better. It’s going to help get that next great idea from a paper or a computer to the lab, to the factory, to the global marketplace. And that’s especially important for the one in three Americans in manufacturing who work for a small business that doesn’t always have access to resources like these.  Obviously, big companies -- the Boeings, the Intels, the Rolls Royces -- they’ve got the resources, the capital, to be able to create these platforms. But some of the small to medium-sized businesses, it’s a little bit harder. So this gives them access and allows them to take part in this new renaissance of American inventiveness. And we’ve got to build these institutes all across the country -- all across the country. I don’t want it just here at Crosspointe, I want it everywhere.  To do that, we need Congress to act. Hmm.  It’s true.  But that doesn’t mean we have to hold our breath. We’re not going to wait -- we’re going to go ahead on our own. Later this year, we’re going to choose the winner of a competition for a pilot institute for manufacturing innovation -- help them get started. With that pilot in place, we’ll keep on pushing Congress to do the right thing because this is the kind of approach that can succeed, but we’ve got to have this all across the country. I want everybody thinking about how are we making the best products; how are we harnessing the new ideas and making sure they’re located here in the United States.  And sparking this network of innovation across the country – it will create jobs and it will keep America in the manufacturing game. Of course, there’s more we can do to seize this moment of opportunity to create new jobs and manufacturing here in America.  We’ve got to do everything we can to encourage more companies to make the decision to invest in America and bring jobs back from overseas. And we’re starting to see companies do that. They’re starting to realize this is the place with the best workers, the best ideas, the best universities. This is the place to be.  We've got to give them a little more encouragement.  Right now, companies get tax breaks for moving jobs and profits overseas. Companies that choose to invest in America, they get hit with one of the highest tax rates in the world. Does that make any sense?  It makes no sense. Everybody knows it. So it's time to stop rewarding businesses that ship jobs overseas; reward companies that create good jobs right here in the United States of America. That's how our tax code can work.  That's how our tax code should work.
And let’s make sure all our workers have the skills that companies like this one are looking for -- because we've got to have folks engaged in lifelong learning. The days when you started out at 20 at one company and you just kept on doing the same thing for 40 years -- that's not going to happen anymore.  So even if -- as I was meeting some of the folks here, they had been in the industry, they'd been machinists, they'd been in manufacturing for years. But they're constantly upgrading their skills and retraining. And some of them had been laid off and had gone back to school before they came to this company. And so we've got to make sure those opportunities for people mid-career and onward, that they can constantly go back to a community college and retool so that they can make sure they're qualified for the jobs of tomorrow.  At a time when so many Americans are looking for work, no job opening should go unfilled just because people didn’t have an opportunity to get the training they needed. And that’s why I've asked Congress, join me in a national commitment to train 2 million Americans with the skills that will lead directly to a job -- right now.  We need to create more partnerships like the one this plant has with John Tyler Community College.  We should give more community colleges the resources they need. I want them to be community career centers -- places that teach people skills that companies are looking for right now, from data management to the kind of high-tech manufacturing that's being done at this facility.  So day by day, we’re restoring this economy from crisis. But we can’t stop there. We've got to make this economy ready for tomorrow. Day by day, we’re creating new jobs, but we can’t stop there -- not until everybody who’s out there pounding the pavement, sending out their résumés has a chance to land one of those jobs.
    See where I'm going, here?!?  I fully intend to be--hopefully, with the exception of the 'FDR Depression'--as remembered as President Franklin Roosevelt.  To that end, I've developed and initiated nearly as many 'alphabet agencies' as FDR did.  The whole idea here is to grow the federal bureaucracy as quickly and as large as is possible given the distinct probability that I'll rule for only four years.  With the proliferation of owe-bama 'alphabet agencies' there will be more and more control, more and more wealth re-distribution with fewer and fewer individual rights!!  No one can doubt that I favor a college education for every graduating high school senior.  What few understand is.... in most cases college is not necessary, in more-than-just-a-few cases, college is not the best choice for particular graduates.  As Justin Case is fond of saying: 
"More college graduates hire plumbers than plumbers who hire college graduates!"
Every day we’re producing more oil and gas than we have in years, but we can’t stop there. I want our businesses to lead the world in clean energy, too.  We’ve got the best colleges and universities in the world, but we can’t stop there. I want to make sure more of our students can afford to go to those colleges and universities.  Everybody knows we’ve got the best workers on Earth, but we can't stop there. We’ve got to make sure the middle class doesn’t just survive these times, we want them to thrive. We want them to dream big dreams and to feel confident about the future.  I did not run for this office just to get back to where we were. I ran for this office to get us to where we need to be.  And I promise you we will get there.  Some of these challenges may take a year; some may take one term; some may take a decade -- but we're going to get there. Because when we work together, we know what we’re capable of. We’ve got the tools, we've got the know-how, we've got the toughness to overcome any obstacle. And when we come together and combine our creativity and our optimism and our willingness to work hard, and if we're harnessing our brainpower and our manpower, our horsepower, I promise you we will thrive again. We will get to where we need to go. And we will leave behind an economy that is built to last. We will make this another American century.
    This on-going "oil-and-gas" kerfuffle nothing more than the socio-fascists whining-and-bitching about all the damage done to the environment, the ecology, the atmosphere.  Hell, even the dumbest hill-billy in the country can understand that humans do not have the power to destroy any one or all of the aforementioned sectors of life on earth.  The earth was 'engineered'--by some superior being--to be self-sustaining.  Let's take the Gulf Oil Spill precipitated by the Deepwater Horizon as an example.  At my behest, the national pamphleteer 'corpse' invested millions-of-dollars and thousands-of-hours in helicopter flights over the oil spill zones looking for the scum that accumulates on the water's surface.  After the initial sightings, they became fewer and fewer.  The regime kept the reason as quiet as possible for as long as possible, but it finally came to light.  There's a type of algae that thrives on crude oil!!  Who'da thunk it?!?  There went our best defense for curtailing any drilling permits, deep water, shallow water or on land!!
    The regime continues to prove--with each subsequent multi-million dollar gift--'green energy' in their current states, are unsustainable. 
We give 'em money; they file for bankruptcy!!
'Green energy' within the auto industry is equally unsustainable.  The Chevy Volt is selling so well that GM temporarily curtailed production for 6-8 weeks.  Not only does the car not sell with a $7,500 federal bribe; the bribe will be increased to $10,000-maybe that will boost sales.  Why buy a car with a range of 25-35 miles on electric motors when--with an additional 10-grand--you could be driving a Chevrolet Corvette!!  We socio-fascists fully intend to drag America--kicking and screaming--back into the 'horse-and-buggy' era, albeit in style.  What I mean by that is:  Once the stratospheric fuel prices preclude buying vehicles with internal combustion engines--and with Volt-type vehicles--a day's travel will be taken back to that of farmers and their buggies.
    My regime will continue to press socio-fascism as the American 'norm!'  We used it during the recent presidential election with the New Black Panthers' Voter Intimidation Unit as well as the SEIU's "Purple People Beaters."

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Saturday, February 4, 2012

"Clown Prince" Weekly Blather; February 4th

A Patriotic Response To The "Clown Prince;" 02/04/2012

barackingham Palace,
District of Corruption
February 4, 2012

    Over the last couple of weeks, I’ve been traveling around the country and talking with folks about my blueprint for an economy built to last. It’s a blueprint that focuses on restoring the things we’ve always done best. Our strengths. American manufacturing. American energy. The skills and education of American workers.  And most importantly, American values like fairness and responsibility.  We know what happened when we strayed from those values over the past decade – especially when it comes to our housing market.  Lenders sold loans to families who couldn’t afford them. Banks packaged those mortgages up and traded them for phony profits. It drove up prices and created an unsustainable bubble that burst – and left millions of families who did everything right in a world of hurt.  It was wrong. The housing crisis has been the single biggest drag on our recovery from the recession. It has kept millions of families in debt and unable to spend, and it has left hundreds of thousands of construction workers out of a job.  But there’s something even more important at stake. I’ve been saying this is a make-or-break moment for the middle class. And the housing crisis struck right at the heart of what it means to be middle-class in this country: owning a home. Raising our kids. Building our dreams.  Right now, there are more than 10 million homeowners in this country who, because of a decline in home prices that is no fault of their own, owe more on their mortgages than their homes are worth. Now, it is wrong for anyone to suggest that the only option for struggling, responsible homeowners is to sit and wait for the housing market to hit bottom. I don’t accept that. None of us should. 
[What I'm not telling you:  Most of those lenders who sold loans to families that couldn't afford them, were the recipients  of extreme pressure from Freddie Mac, Fannie Mae, the Department of Housing and Urban Destruction as well as regime members and those Members of Congress with the most to gain with the placement of as many mortgages as possible!!   All this pressure afforded said lending institutions very little in the way of profits;  those most needed to satisfy their fiduciary responsibilities toward stock- and bondholders.  Basic logic explains the reasoning behind the bundling of toxic mortgages:  It gives the lender a method of getting out-from-under those loans they'd never collect on.  The mortgage bundling put the onus of collection on those greedy owe-bamacRATics in the private sector looking for double-digit payoffs as they continued the sales on down the line!!  These toxic sales continued until said owe-bamacRATics found no greedier 'guppies' further down the 'food-chain!'  As the citizen should be aware, there's not an owe-bamacRATic--including myself--that will EVER take the blame; EVER take a loss if the federal government, the federal congress can be cajoled into taking financial responsibility.
    One of my few NEAR-truisms of the week: 
'The housing crisis has been the single biggest drag on our recovery from the recession.'
To start with, this 'recovery' is probably the thinnest in recorded economic history; at least since the FDR-era, federally protracted recovery.  The housing crisis has been a drag on any hoped-for recovery, primarily because of federal meddling with market forces; bailouts, TARPs, HARPs, et al.  A far better solution for the entire economic kerfuffle is to let the logic of market forces act in the ways they should.  Rather than buying auto companies--and then giving 37% of the federal ownership to the union hierarchy--they should have been left to the consequences of said market forces: bankruptcy!  "Bankruptcy" is not a four-letter word!!   Bankruptcy serves a very useful purpose in basic economics; it allows for the subject company to restructure liabilities into re-payable expenses in a timely manner; it allows the boards-of-directors to weed out ineffective board members as well as ineffective members of management at all levels; it allows the boards to re-write an outdated, unmanageable business plan.  Housing foreclosures allow the same changes on a personal, family level.  
    Now IS THE TIME to allow market forces to take their toll, such as it may be.  Now IS THE TIME to reinstitute that basic American value:  personal responsibility.  The foreclosure issue and it's seemingly devistating effects IS--at least partially--the responsibility of the individual homeowner.  Many are those underwater homeowners who bought--against all human logic--during the housing bubble of seemingly ever-rising home prices.... They Couldn't Lose!!!  Ah, but they did as a result of their personal greed-there'd always be another greedy fool to sell their home to!   At some point along the line, there's a last fool.  Those who've been caught as that 'last fool' are now looking to the federal government to bail them out much like the aforementioned auto industry.  This should not be the theme of the day:  Bailouts for Votes!!]
    That’s why we launched a plan a couple years ago that’s helped nearly one million responsible homeowners refinance their mortgages and save an average of $300 on their payments each month. Now, I’ll be the first to admit it didn’t help as many folks as we’d hoped. But that doesn’t mean we shouldn’t keep trying.  That’s why I’m sending Congress a plan that will give every responsible homeowner the chance to save about $3,000 a year on their mortgages by refinancing at historically low rates. No more red tape. No more endless forms. And a small fee on the largest financial institutions will make sure it doesn’t add a dime to the deficit.  I want to be clear: this plan will not help folks who bought a house they couldn’t afford and then walked away from it. It won’t help folks who bought multiple houses just to turn around and sell them.  What this plan will do is help millions of responsible homeowners who make their payments every month, but who, until now, couldn’t refinance because their home values kept dropping or they got wrapped up in too much red tape.  But here’s the catch. In order to lower mortgage payments for millions of Americans, we need Congress to act. They’re the ones who have to pass this plan. And as anyone who has followed the news in the last six months can tell you, getting Congress to do anything these days is not an easy job.  That’s why I’m going to keep up the pressure on Congress to do the right thing. But I also need your help. I need your voice. I need everyone who agrees with this plan to get on the phone, send an email, tweet, pay a visit, and remind your representatives in Washington who they work for. Tell them to pass this plan. Tell them to help more families keep their homes, and more neighborhoods stay vibrant and whole.  The truth is, it will take time for our housing market to recover. It will take time for our economy to fully bounce back. But there are steps we can take, right now, to move this country forward. That’s what I promise to do as your President, and I hope Members of Congress will join me.
[What I'm not telling you:   This latest proposal from my regime is nothing more than the 2009 $300 checks the regime issued as individual payments to those who chose to breathe the air!  A regime-scheme to entice more voters into the owe-bamacRATic fold; to sway their choices as to who's the most helpful to their individual situation.  It started in Detroit--as reported by WJR newsman Ken Rogulski--as "owe-bama money!"  The various--mostly miscreant--recipients had no idea the original source of the money.... only that it came from me, from the gracious hand of "Clown Prince" owe-bama!!  The federal government, me-the "Clown Prince" of Amerika, cannot give away, spend, allocate the first 'red-cent' until and unless we--the federal tax system--first confiscate it from a working individual or investor!!
    Congress' passing legislation IS NOT the answer!!  Congress in session is the LAST THING the American taxpayer wants or will benefit from!!  If they're in their home districts; their home states woo-ing the constituents, they're not in the District of Corruption, dipping their hands further-and-further into the private; the taxpayer's figurative 'pants-pocket!!'  More Congressional 'help' will only serve to put the American Citizen; the American Taxpayer further in distress with respect to paying off the national debt.
    The American economy--the free-market system--will only continue to suffer with added tinkering.  To improve the current climate, conservative principles are needed, rather than those socio-fascist, marxist principles exercised during my regime.  They clearly--with incontrovertible evidence--have not worked!!   What will work are tax cuts; cuts deep and permanent!  As the President Bush-43 tax cuts--and the "Ronaldus-Magnus" tax cuts before him--have proven:  with said DEEP tax cuts, more monies flow into the treasury than without them.]

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