WSJ OpEd: Obama Jobs Package Really a Blue State Bailout
WSJ OpEd: Obama Jobs Package Really a Blue State Bailout
Friday, 16 Sep 2011 08:20 AM
By Forrest Jones
Portions of President Barack Obama's $447 billion jobs package are really designed to bail out weak finances in Democratic states, a new study finds.
The plan seeks funds for infrastructure, education and other projects that states should fund but cannot.
Many blue states have run up state debts, as nationwide, state debt is running around $3 trillion — tack on another trillion or even more if unfunded pension liabilities are factored in.
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President Barack Obama
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"These vast contributions to the coffers of state and local governments, though pitched as a jobs bill, are in reality the latest in a series of bailouts for debt-ridden state and local governments," Paul E. Peterson and Daniel Nadler, both Harvard academics, write in a Wall Street Journal opinion piece.
"They are of special benefit to states in the blue regions of the country where the president's most fervent supporters reside."
A Harvard Program on Education Policy and Governance study finds states with legislatures that are heavily Democratic and have a highly unionized public-sector work force must pay interest rates that are often an extra half a percentage point higher than those in red states.
"In short, the bond market has concluded that the more unionized the state and the bluer its political coloring, the riskier it is to hold bonds marketed by that state," Peterson and Nadler write.
Republicans, meanwhile, say they will work with the president on the jobs bill.
"While we have a different vision for what is needed to support job creation in our country, we appreciate the president's pledge to transmit legislation to Congress and will immediately request that it be scored by the Congressional Budget Office," says House Speaker John Boehner, according to Fox News.
*** Need we say more? Socialism is predictable and Obama's platform is pure politics, that is the ONLY THING he has EXPERIENCE with....Chicago style too!!!
Nobel Winner Quits U.S. Science Group Over Climate Stance
I've been saying these for over a decade now!
From Newsmax dated Sept 18, 2011 and FoxNews. Christian bias - YES BUT only the facts, no concoctions like CBS, NBC, MSNBC!
Nobel Winner Quits U.S. Science Group Over Climate Stance Nobel Prize-winning physicist and erstwhile Obama supporter Ivar Giaever has resigned as a Fellow from the prestigious American Physical Society to protest the organization’s promotion of manmade global warming fears.
Norwegian-born Dr. Giaever shared the Nobel Prize for Physics in 1973 for work at General Electric related to superconductors.
In an email to APS Executive Officer Kate Kirby on Sept. 13, which was obtained by the Climate Depot website, Giaever said:
“Thank you for your letter inquiring about my membership. I did not renew it because I cannot live with the [APS] statement below:
“‘Emissions of greenhouse gases from human activities are changing the atmosphere in ways that affect the Earth's climate.
“‘The evidence is incontrovertible: Global warming is occurring. If no mitigating actions are taken, significant disruptions in the Earth’s physical and ecological systems, social systems, security and human health are likely to occur. We must reduce emissions of greenhouse gases beginning now.’”
Giaever goes on to say: "In the APS it is ok to discuss whether the mass of the proton changes over time and how a multi-universe behaves, but the evidence of global warming is incontrovertible? The claim (how can you measure the average temperature of the whole earth for a whole year?) is that the temperature has changed from ~288.0 to ~288.8 degrees Kelvin in about 150 years, which (if true) means to me is that the temperature has been amazingly stable, and both human health and happiness have definitely improved in this 'warming' period."
Giaever was one of Barack Obama's key scientific supporters and joined more than 70 Nobel Science laureates in endorsing him in an October 2008 open letter.
But in March 2009, Giaever was one of more than 100 co-signers of a letter to President Obama criticizing his stance on global warming. The letter stated in part: "We, the undersigned scientists, maintain that the case for alarm regarding climate change is grossly overstated."
Giaever, now a professor emeritus at the Rensselaer Polytechnic Institute, is one of several prominent scientists to resign from the APS over its global warming position. Among them is physicist Hal Lewis, who wrote to the organization before his death this past May: "Global warming is the greatest and most successful pseudoscientific fraud I have seen in my long life."
Why Obama will ALWAYS fail on Economics
1. Bad Ideology based on bad Theology
Obama is both a liberal and a socialist. Educated Americans should know that if you are a capitalist, when you say you want to create more jobs, you encourage the private sector to do that by giving more certainty to the environment in terms of taxation and government regulations, grant tax breaks to businesses, especially small businesses, to be able to have money left to create even just minimum wage jobs, lessen government regulations that distract small businesses from doing real business by forcing them to spend more time with compliance than actually generating revenues. Bottom line: the private sector creates the jobs.
Unfortunately for America, Obama is just a hopeless Socialist. That means that when he promises more jobs, his methodology is to make an already very inefficient government (what government is efficient after all?) bigger by beefing it up with money (creating huge deficit spending) and then making that monster create basically bureaucratic and non-productive (or non-GNP-related) jobs. Bottomline for a socialist is that it is Big Government that creates the jobs.
Such bad ideology is based on really wrong theology. Socialism/Communism was originally conceptualized on the belief that man is basically good and given the opportunity, WILL do good. Unfortunately, the Bible says man is basically sinful and given the opportunity, will even exploit good opportunities for "naturally" narcissistic ends. Even many philanthropists have a self-centered "feel good" goal or even a "get the credit" goal.
And what has history proven? The Bible is correct! That is why governments have laws, precisely to curb sinfulness in the form of lawlessness and abuse of liberties. If man were basically good, there would be no need for laws or regulations.
Capitalism, on the other hand, is based precisely on the fact that man is sinful. Hence, the good in man can only be courted by incentives and curbed by audits and sufficient policing and regulation. More on this in a separate article.
The downside of capitalism is, unfortunately, "survival of the fittest". Historically, however, it is the fittest who influence or change history for better (Einsteins, Edisons, Rockefellers, etc) or for worse (Hitlers, Roman Caesars, Maddocks, etc). Hence, capitalism coaxes the fittest to do good things because they naturally won't. That is the way to govern! Not entitlements to mostly undeserving and mostly losers (I said "mostly", not "all". Do the math if you will!).
2. Poor Judgment
At this point in history, what socialist or communist governnment ever made it to being a top economic country and stayed there for at least 50 years? Not even Russia could do that. So Obama has very poor judgment (primarily because he is just a brainwashed socialist) for MODELING AFTER STARK and PROVEN FAILURES!
3. Throwing spaghetti at a wall hoping that something sticks is the government way of doing things and is also the Obama way of saving companies via his stimulus bills
Isn't that what his stimulus bills have done? GM perhaps succeeded, but not for long, if GM continues with its unionized model for doing business.
Look at what happened to that half-billion "green" project, SOLYNDRA, a solar company in California. Closed down and bankrupt. Why? No markets? The FBI and even Congress is investigating. This is how government inefficiency stands out in real life. If there is corruption, it is because the men behind this are basically sinful, not good.
That is what inexperience does best, throw anything at the wall hoping something sticks!
im
4. Good speeches and rhetoric, no substance and I keep on wondering why many people still get fooled.
After all the good speeches, only Obama-fanatics exercise blind faith. The rest of us? Phooooey!
Baloney! History will write itself. Welcome 2012!
HR Personnel/Administrators who voted for Obama
Now, it can be said, if you were an HR Manager who voted for Obama, you ought to be fired for hiring non-experience to be CEO.
Shame on you!
Nuff said.
