Tag Archives: Socialism

Recent college graduates realizing that Obama’s rhetoric doesn’t produce jobs

From the Daily Caller. (H/T Right Wing News)

Excerpt:

A very large proportion of recent university graduates have soured on President Barack Obama, and many will vote GOP or stay at home in the 2012 election, according to two new surveys of younger voters.

“These rock-solid Obama constituents are free-agents,” said Kellyanne Conway, president of The Polling Company, based in Washington, D.C. She recently completed a large survey of college grads, and “they’re shopping around, considering their options, [and] a fair number will stay at home and sit it out,” she said.

The scope of this disengagement from Obama is suggested by an informal survey of 500 post-grads by Joe Maddalone, founder of Maddalone Global Strategies. Of his sample, 93 percent are aged between 22 and 28, 67 percent are male and 83 percent voted for Obama in 2008. But only 27 percent are committed to voting for Obama again, and 80 percent said they would consider voting for a Republican, said New York-based Maddalone.

That’s a drop of almost 60 points in support for Obama among this influential class of younger post-grad voters, who Maddalone recruited at conferences held at New York University and Thomson-Reuters’ New York headquarters.

The bad news for Obama was underlined May 19 with a report by a job-firm Adecco that roughly 60 percent of recent college-grads have not been able to find a full-time job in their preferred area. One-in-five graduates have taken jobs far from their training, one-in-six are dependent on their parents, and one-in-four say they’re in debt, according to the firm’s data.

Let’s see. These graduates voted for Obama during college, and now they’ve just finished going through many years of indoctrination from teachers who are typically isolated from real life, i.e. – isolated from private sector employment, military service, entrepreneurship, stay-at-home motherhood, and so forth. They parroted all of the secular left-wing views of their indoctrinators, got their diplomas in social work or English or peace studies, and now they are out on their own for the first time, looking for jobs from the people they have been taught to hate and despise. Imagine their surprise to find out that the world is nothing like they were led to believe, their non-quantitative degrees are useless, and that they are now $60,000 in debt, and they will never collect a dime from entitlement programs from Social Security.

Not to mention the $534,000 dollars that each household in the US owes because of  Nancy Pelosi’s $5.34 TRILLION dollar addition to the national debt. (H/T Doug Ross)

Obama Unemployment Stimulus Graph
Obama Unemployment Stimulus Graph

Image from Conservative Compendium.

Here’s another interesting article from the Washington Examiner, by political guru Michael Barone.

Excerpt:

Barack Obama and the Democratic congressional supermajorities of 2009-10 raised federal spending from 21 to 25 percent of gross domestic product. Their stimulus package stopped layoffs of public employees for a while, even as private sector payrolls plummeted.

And the Obama Democrats piled further burdens on would-be employers in the private sector. Obamacare and the Dodd-Frank financial regulation bill are scheduled to be followed by thousands of regulations that will impose impossible-to-estimate costs on the economy.

[…]It’s hard to avoid the conclusion that the threat of tax increases and increased regulatory burdens have produced something in the nature of a hiring strike.

And then there is the political posturing. On April 13 Obama delivered a ballyhooed speech at George Washington University. The man who conservatives as well as liberal pundits told us was a combination of Edmund Burke and Reinhold Niebuhr was widely expected to present a serious plan to address the budget deficits and entitlement spending.

Instead the man who can call on talented career professionals at the Office of Management and Budget to produce detailed blueprints gave us something in the nature of a few numbers scrawled on a paper napkin.

The man depicted as pragmatic and free of ideological cant indulged in cheap political rhetoric, accusing Republicans, including House Budget Committee Chairman Paul Ryan who was in the audience, of pushing old ladies in wheelchairs down the hill and starving autistic children.

The signal was clear. Obama had already ignored his own deficit reduction commission in preparing his annual budget, which was later rejected 97-0 in the Senate. Now he was signaling that the time for governing was over and that he was entering campaign mode 19 months before the November 2012 election. People took notice, especially those people who decide whether to hire or not. Goldman Sachs’s Current Activity Indicator stood at 4.2 percent in March. In April — in the middle of which came Obama’s GW speech — it was 1.6 percent. For May it is 1 percent.

“That is a major drop in no time at all,” wrote Business Insider’s Joe Weisenthal.

After April 13 Obama Democrats went into campaign mode. They staged a poll-driven Senate vote to increase taxes on oil companies.

They began a Mediscare campaign against Ryan’s budget resolution that all but four House Republicans had voted for. That seemed to pay off with a special election victory in New York’s 26th Congressional District.

The message to job creators was clear. Hire at your own risk. Higher taxes, more burdensome regulation and crony capitalism may be here for some time to come.

Corporations do not hire workers or expand their businesses when there is uncertainty and looming tax increases.

Firms to drop employee health coverage as Obamacare takes effect

From CBS Marketwatch.

Excerpt:

Once provisions of the Affordable Care Act start to kick in during 2014, at least three of every 10 employers will probably stop offering health coverage, a survey released Monday shows.

While only 7% of employees will be forced to switch to subsidized-exchange programs, at least 30% of companies say they will “definitely or probably” stop offering employer-sponsored coverage, according to the study published in McKinsey Quarterly.

The survey of 1,300 employers says those who are keenly aware of the health-reform measure probably are more likely to consider an alternative to employer-sponsored plans, with 50% to 60% in this group expected to make a change. It also found that for some, it makes more sense to switch.

“At least 30% of employers would gain economically from dropping coverage, even if they completely compensated employees for the change through other benefit offerings or higher salaries,” the study says.

Now we’re going to get what we voted for, unless the Republicans get in all the way in 2012.

Thomas Sowell explains why third-world countries are so poor

Thomas Sowell

Mary sent me this article from TownHall.com.

Excerpt:

The idea that the rich have gotten rich by making the poor poor has been an ideological theme that has played well in Third World countries, to explain why they lag so far behind the West.

[…]There is obviously something there with very deep emotional appeal. Moreover, because nothing is easier to find than sins among human beings, there will never be a lack of evil deeds to make that explanation seem plausible.

Because the Western culture has been ascendant in the world in recent centuries, the image of rich white people and poor non-white people has made a deep impression, whether in theories of racial superiority– which were big among “progressives” in the early 20th century– or in theories of exploitation among “progressives” later on.

In a wider view of history, however, it becomes clear that, for centuries before the European ascendancy, Europe lagged far behind China in many achievements. Since neither of them changed much genetically between those times and the later rise of Europe, it is hard to reconcile this role reversal with racial theories.

More important, the Chinese were not to blame for Europe’s problems– which would not be solved until the Europeans themselves finally got their own act together, instead of blaming others. If they had listened to people like Jeremiah Wright, Europe might still be in the Dark Ages.

It is hard to reconcile “exploitation” theories with the facts. While there have been conquered peoples made poorer by their conquerors, especially by Spanish conquerors in the Western Hemisphere, in general most poor countries were poor for reasons that existed before the conquerors arrived. Some Third World countries are poorer today than they were when they were ruled by Western countries, generations ago.

It’s sad, because when I talk to many people from other countries, like Mexico and Greece, they blame the United States for their own bad decisions, instead of imitating United States policies. Maybe if Mexico and Greece stopped blaming others and started trying to imitate the best countries, then they would be more like Chile. A few decades ago, Chile made a decision to re-make their economy to be more American than America. And the result is that they are seeing record economic growth. Prosperity has nothing to do with skin color – just with policies. Chile embraced good economic policies and now they are much richer than before. The main thing to do is to make sure that you have economists in charge, not community organizers. Canada has an economist in charge, and they just scored DOUBLE the GDP growth of the United States. Knowledge matters.