According to the Commerce Department, the economy based on its Gross domestic product–the value of its goods and services–fell at a seasonally adjusted annual rate of 2.9% in the first quarter of this year. That was the largest recorded drop since the end of World War II in 1945!
Tagged: president obama
Since October of last year 52,000 – 60,000 unaccompanied children have arrived at our border with Mexico with an expectation of being allowed into our country. They came mostly from Honduras, Guatemala or El Salvador, based on information they received promising America had relaxed their immigration laws and if they managed to reach our borders, they would be allowed entry, especially the children.
It is depressing beyond words that we will have to endure two and a half more years of an endless stream of lies about climate change from President Obama.
On June 14 he gave a commencement speech to graduates of the University of California at Irvine, using it to tell Big Fat Lies, not the least of which was that the Earth’s temperatures were rising when in fact they have been falling for nearly eighteen years.
While we weren’t paying attention, post-war Iraq grew into a major force in the global oil market. Reaching a 30-year high, its production and exports have climbed steadily since 2011—making Iraq the second largest producer in OPEC, the seventh globally. The International Energy Agency (EIA) has forecast that Iraq has the fifth-largest proven oil reserves.
It’s June, a month famed for marriages, but it is likely to be remembered for the high rate of teen unemployment which has been soaring for a long time. By February, the national unemployment rate for youth, age 16 to 19, had reached 20.7%. By November 2013 it was three times higher than the national average of 6.6% according to the Bureau of Labor Statistics.
America is poised to become the “no pee” section of the global swimming pool and the useless actions will cost us a bundle—raising energy costs, adding new taxes, and crippling the economy. Even some environmentalists agree. Yet, for President Obama, it’s all about legacy.
Climate models help improve our conceptual understandings of climate systems and the forces that drive climate change. However, they are terrible at predicting Earth’s temperature and other components of its climate. They should never be used to set or justify policies, laws or regulations – such as what the Environmental Protection Agency is about to impose on CO2 emissions from coal-fired power plants.
Now that 8 million or more have signed up on health insurance exchanges under the Affordable Care Act (ACA), the President is deploying his phone and his pen to solve another urgent problem: climate change. This will require another transformational change that no previous President has been able to bring about, as they were unable to get around a recalcitrant Congress.
In campaigning for the presidency, Barrack Obama inspired popular support of millions of voters by eloquently promising to “transform” America with “fundamental” change. Now his popularity is at its all-time low, his signature legislation, Obamacare, has been a disaster, his highly touted—and extremely expensive—stimulus program has failed. He has done nothing to lower the federal debt or tackle the future insolvency of Social Security, Medicare or Medicaid.And the economy continues to stumble 58 months after the recession officially ended.
Even so, you do not have to be smart with numbers to know that the real state of the U.S. economy is pathetic these days. You can thank Barack Obama for that because, dear reader, he is utterly clueless regarding America’s economy; how it works, and what it needs to work.
Last week AAA released findings from tests it had run on three models of electric automobiles, and announced that the heavily subsidized vehicles suffer dramatic driving range loss in both cold and hot temperatures.
The news wasn’t new, but apparently the broader media noticed because the pronouncement from the nation’s largest consumer automotive club made it official. NLPC (beginning with a Consumer Reports experience) has reported from time to time on such problems since late 2011. The Tulsa World reported that AAA found driving distance for electric vehicles can be diminished up to 57 percent in extremely cold temperatures, and by one-third in very hot temperatures.
Ezra Klein recently released a 2-minute clip explaining the need for individual mandates under Obamacare. Man, does that guy talk fast!
Mr. Klein gets most of his explanation about right, with one big exception. He says that a family making $80,000 a year will (eventually) be penalized $2,000 for failing to buy coverage — “less money than health insurance will usually cost you, but you don’t get anything for that money,” he says. Uh, that’s understating things quite a bit. A family insurance policy costs $16,351 according to the most recent employer benefits survey from the Kaiser Family Foundation.
Minimum wage has become a contentious political issue, even though it has nothing to do with a living wage. Workers are paid for the worth of the job they are paid to do. Nevertheless, Democrats plan to tap into what they perceive as income inequality by using minimum wage as a plank in their populist economic platform heading into the November elections.
The special interests behind national curriculum and testing mandates are pouring millions into public relations and lobbying this spring after parents across the country began to oppose and destabilize their big project. Friday, Politico reported that the Business Roundtable and Chamber of Commerce are buying pricey ads on Fox News and mobilizing their state chapters to keep lawmakers in line. The same day, Bill Gates joined George Stephanopoulos to continue branding the Common Core mandates as a catalyst for improving U.S. education. Gates has joined with left-leaning philanthropies on a communications push worth more than $2.35 million.
I could write every day about some new obscene Environmental Protection Agency (EPA) effort to thwart energy the nation needs, forcing the shutdown more coal-fired plants and the mines that supply them. Goodbye thousands of jobs, goodbye electrical energy. The White House has delayed the construction of the Keystone Xl pipeline to transmit oil from Canada to the U.S. Gulf Coast.
February 1st was National Freedom Day. It commemorates Lincoln’s signing of the House and Senate resolution that later became the 13th Amendment. Lincoln signed the Amendment outlawing slavery on February 1, 1865.[…]
There’s that uncomfortable juxtaposition of words again: “Tesla” and “fire.” This time was quite an accomplishment by the electric automaker’s publicity department: they kept the Irvine, Calif. garage fire quiet for over a month. The secrecy expired on the November 15 incident when the Orange County Fire Authority attributed the incident to the EV’s re-powering set-up, according to a report obtained by Reuters.