I could not let such blatant bullshit just go sailing by without pointing out that Sheila’s current info is so far off the mark, it’s gone beyond being the usual mildly irritating District of Criminals’ behavior. Yet, Breitbart has chosen the focus of this event to be the entitlement issue, and not, what can only be described as blatant falsehoods. They are labeling this video “REP. SHEILA JACKSON LEE: ENTITLEMENTS ARE ‘EARNED'” in an attempt to throw red meat to an already pissed off conservative public. Instead of going for the easy ‘entitlements are earned’ headline (and I do believe we pay into Social Security our entire working careers; so Sheila has plausible deniability on truth twisting there), Breitbart should have focused on the earlier statements in her speech.
At best, my dog is smarter than Sheila and at worst, well, you decide:
(Video after the fold)
I know that America watches as we deliberate and I’d like to use that terminology on facing the fiscal concerns of this nation. Let me quickly remind my colleagues, Mr. Speaker, that
America is on the upswing, (oh really?)
with increased manufacturing, (REALLY?)
more consumer confidence;(Sheila, you are kidding right?) we’re moving forward. (AHAHAHAHAHA! OMFG!)
The economy is moving up, (Let’s ask Helicopter Ben shall we?)
and so I believe it should be pronounced here today that the reform of the entitlements based upon chipshod, reckless deliberations or should I say, actions, are a non-starter. There is no way, Mr. Speaker, that we should raise the eligibility age for Medicare; that we should not think carefully about how we approach the reform of Medicaid and that we don’t tell the American people that Social Security is solvent. So I would say move quickly to pass the middle class tax cuts that would be for all of Americans, 100% up to $250,000, and let’s think about moving into 2013, how we make this economy better by looking carefully at how we reform entitlements that are not handouts, but that they are earned.
How can the mainstream media claim that the U.S. economy is “improving” when it is painfully obvious to anyone with a brain that the middle class is being absolutely eviscerated? According to numbers that were just released, the number of Americans on food stamps rose by more than 600,000 in a single month to an all-time record high of 47.7 million. Youth unemployment in the U.S. is at a post-World War II high and large companies have announced the elimination of more than 100,000 jobs since Barack Obama won the election. Consumer debt just hit a new record high and the federal government is accumulating debt at a much faster pace than it was at this time last year. So where is the evidence that the economy is getting better? The mainstream media says that the decline of the unemployment rate to “7.7 percent” is evidence that things are improving, but I showed how fraudulent that number is yesterday. The percentage of working age Americans with a job today is exactly where it was back in September 2009 in the midst of the last major economic crisis. The mainstream media is desperate for any shred of evidence that it can use to make people feel good and show that the Obama administration has our economy on the right track, and so they jump on any number that even looks remotely promising and they ignore mountains of evidence to the contrary. They don’t seem to care that poverty is absolutely exploding and that the number of Americans on food stamps has risen by nearly 50 percent while Obama has been in the White House. They don’t seem to care that the U.S. share of global GDP has fallen from 31.8 percent in 2001 to 21.6 percent in 2011. They don’t seem to care that more good paying jobs are being shipped overseas with each passing day. They don’t seem to care that formerly great U.S. cities that were once the envy of the entire globe are now crime-infested hellholes. All they seem to care about is putting out news that makes people feel warm and fuzzy and making sure that Obama looks good. Unfortunately, the truth is that the U.S. economy is steadily getting worse, and 2013 is not looking very promising at all right now. Hopefully at some point the mainstream media will take a break from coverage of the royal pregnancy and the latest celebrity scandals to report on the real problems that we are facing right now.
The following are 15 signs that the economy is rapidly getting worse as we head into 2013…
11. The United States has lost an average of approximately 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.
12. According to U.S. Representative Betty Sutton, the United States has lost an average of 15 manufacturing facilities a day over the last 10 years.
13. During 2010 alone, an average of 23 manufacturing facilities permanently shut down in the United States every single day.
14. Overall, the United States has lost more than 56,000 manufacturing facilities since 2001.
15. The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
16. Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.
17. As I have written about previously, 95 percent of the jobs lost during the last recession were middle class jobs.
18. Due in part to the globalization of the labor pool, only about 24 percent of all jobs in the United States are “good jobs” at this point.
19. Right now, more than 41 percent of all working age Americans do not have a job, and the vast majority of the new jobs that are being created are low paying jobs.
20. The United States now has 10 percent fewer “middle class jobs” than it did just ten years ago.
21. According to the Economic Policy Institute, the U.S. economy loses approximately 9,000 jobs for every $1 billion of goods that are imported from overseas.
Having released the somewhat less exuberant economic projections (see below), the great one is about to explain the fact that his regime shift in ‘rules-based’-doctrine is in fact not, as tin-foil-hat-wearing fringe blogs would suggest, a ‘true’ counter-cyclical policy by which investors will antithetically hope for worse economics to improve their nominal-priced 401(k)s. Over to you Ben…
*FED: 2012 GROWTH OF 1.7%-1.8% VS 1.7%-2.0% IN SEPTEMBER
*FED: 2013 GROWTH OF 2.3%-3.0% VS 2.5%-3.0% IN SEPTEMBER
*FED: JOBLESS END OF 2012 AT 7.8%-7.9% VS 8.0%-8.2% IN SEPT.
The Federal Reserve will amplify record accommodation tomorrow by announcing $45 billion in monthly Treasury buying that will push its balance sheet almost to $4 trillion, according to a Bloomberg survey of economists.
Forty-eight of 49 economists predict the Federal Open Market Committee will purchase Treasuries to bolster an existing program to buy $40 billion in mortgage bonds each month. The panel pledged in October to continue that plan until the labor market improves “substantially.”
“It’s going to be massive and open-ended in size,” said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York and a former New York Fed economist.
Chairman Ben S. Bernanke and his FOMC colleagues will press on with purchases at least through the first quarter of 2014, according to the median estimate in the Dec. 7-10 survey. They are expanding the balance sheet beyond $2.86 trillion in a bid to spur growth and lower an unemployment rate of 7.7 percent.
And then there is this, and it is oh so comforting…
The punchline: a handful of people from MIT, deeply steeped in economic theory (not practice), the same people whose actions incidentally were responsible for the first great financial crisis, and who yield more power than any potenate in the history of the world – people who, as the ECB showed in the case of Berlusconi, can take down presidents and PMs with the flick of a switch, meet in private. No transcripts or buttlers are allowed.
In other words, they are accountable to absolutely nobody.
Which is to be expected: after all they are conducting the greatest experiment in monetary, geopolitical and social history. If they fail… when they fail, everyone loses.
So moos? Stop feeding the machine that continues to tell whoppers and Sheila? SHUT THE F*^% UP!
Texas? Would you please fire her ass so that I don’t have to listen to her Pied Pipering of the sheep off the cliff? I swear, I write about her, Maxine and Pelosi more than anyone else, (except maybe for the great dictator himself).
I could not let such blatant bullshit just go sailing by without pointing out that Sheila’s current info is so far off the mark, it’s gone beyond being the usual mildly irritating District of Criminals’ behavior. Yet, Breitbart has chosen the focus of this event to be the entitlement issue, and not, what can only be described as blatant falsehoods. They are labeling this video “REP. SHEILA JACKSON LEE: ENTITLEMENTS ARE ‘EARNED'” in an attempt to throw red meat to an already pissed off conservative public. Instead of going for the easy ‘entitlements are earned’ headline (and I do believe we pay into Social Security our entire working careers; so Sheila has plausible deniability on truth twisting there), Breitbart should have focused on the earlier statements in her speech.
