Sunday, July 28, 2013

NY Times + Obama Economic Insanity

While I dislike what the NY Times is and what it stands for, it still is a fantastic resource. When the Times wants to expend energy and money on something, the reporting and work is top notch. They also have access to everyone. Their article after an interview with President Obama, "Obama Says Income Gap is Fraying U.S. Social Fabric" is quite breathtaking in its opposition to reality, stupidity and downright inaccuracy. Let's review this marvelous display of idiotic propaganda. All Times snippets are in italics. My shouting into the wind commentary will be in regular font. .....And here we go.....

“Racial tensions won’t get better; they may get worse, because people will feel as if they’ve got to compete with some other group to get scraps from a shrinking pot,” Mr. Obama said. “If the economy is growing, everybody feels invested. Everybody feels as if we’re rolling in the same direction.”

>clap clap clap< Good job good effort by the post-racial president. You've stoked racial tension your entire time in office. At no point have you played the biracial guy. You NEVER mention that blacks might have culpability in any instance you've stuck your nose into since '08. Now to the econ statement? How is it a shrinking pot? You said we're better off now than 4 years ago and GDP has been reported as positive. If there is a shrinking pot, people should compete because resources are dwindling. Totally wrong on your second statement because the economy grew in the '80s under Reagan and 2000s under Bush yet the constant complaint from leftist politicians (and the media) was that the richer were getting richer faster than everyone else. When income inequality rose but the economy hummed along in the '90s, the media and the left were both silent. Hmm.

Obama has a framed copy of the program for the March on Washington when MLK gave his famous "I Have A Dream" speech. Obama uses it to remind people “that was a march for jobs and justice; that there was a massive economic component to that. When you think about the coalition that brought about civil rights, it wasn’t just folks who believed in racial equality. It was people who believed in working folks having a fair shot.”

Historical revisionism because Obama is reaching out to working class whites as he feels he needs them. There was an economic component to it for blacks. Civil Rights legislation and change was for blacks. The people who got fucked over were working class whites who suddenly had to deal with affirmative action policies, forced integration, and destruction of the neighborhoods that they had protected with covenants. The coalition was made up of leftist whites, academics, and do gooder college students all funded by northern Jewish interests.

For decades after, Mr. Obama said, in places like Galesburg people “who wanted to find a job — they could go get a job.”
      
“They could go get it at the Maytag plant,” he said. “They could go get it with the railroad. It might be hard work, it might be tough work, but they could buy a house with it.”
      
Without a shift in Washington to encourage growth over “damaging” austerity, he added, not only would the middle class shrink, but in turn, contentious issues like trade, climate change and immigration could become harder to address.
      
Striking a feisty note at times, he vowed not to be cowed by his Republican adversaries in Congress and said he was willing to stretch the limits of his powers to change the direction of the debate in Washington.
      
“I will seize any opportunity I can find to work with Congress to strengthen the middle class, improve their prospects, improve their security,” Mr. Obama said.

There is no policy here. There are only cliches and things that we all already know. Why isn't Maytag (now owned by Whirlpool) opening new plants? the left chased out manufacturing with environmental regulations and countless red tape while capital fled for cheap labor offshore. Obama does not name a single policy item to get manufacturing jobs back to US shores. Obamacare is taking away health insurance while jacking up premiums since it passed. College is expensive. Housing has started to inflate again, which makes every home more expensive for everyone instead of dropping in price, helping first time buyers and stabilizing property tax charges. There is a throwaway sentence about certain topics. Here they are: shit. Climate change is going to make energy more expensive, trade will most likely fuck over current manufacturing in America, and immigration is just going to bring in more labor supply, destroying wage earnings. as well as tear at the social fabric of America.

The priority, he said, should be spending for infrastructure, education, clean energy, science, research and other domestic initiatives of the sort he twice campaigned on.

I thought that was what the stimulus was about? That stimulus is still going. Did it work? There are 47 million Americans on food stamps and a generational low in the labor force participation rate, so my guess is no.

Obama had some filler about the FED choice. Big whoop. There was a weak defense of his Obamacare delay. There was also the mention that his poll numbers are down, but not as bad as Congress (especially the GOP side).

1. Where was any single policy on the income inequality issue? No.
2. Why mention income inequality when wealth inequality is far worse? Unmentionable due to the 1% funding him.
3. Any simple tax program that could change the wealth inequality issue? My wealth tax idea here.
4. If upward mobility is an important issue, why not expand job opportunities where college degrees are not required but still offer a career track? Why not work with colleges to drop tuition costs? Unmentionable due to colleges being on his side.
5. We going to break up the banks and write down debt that is never going to be repaid? Naww, forget it.

Sorry for the rambling, but the NY Times did not allow comments to that story. This was not a story. It was a propaganda piece to support Obama's 200th fake pivot to working on the economy, smearing anyone else as an off kilter psycho.

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