Tag: economy

President’s “Middle Class Task Force” packed with highly-paid elitists, no middle class

<b>Typical transportation for members of President Obama's Middle Class Task Force</b>
Typical transportation for members of President Obama's Middle Class Task Force

The press trumpets President Obama’s Middle Class Task Force. But they never mention that it’s made up of highly-paid Veep Joe Biden and seven other White House elitists.

Maybe it should be renamed “President Obama’s Vision of What the Middle Class Looks Like Task Force.” Because no one who’s actually a member of the middle class is a member of the Middle Class Task Force.

Middle class is generally defined as anyone earning between $30,000 and $100,000 a year. Yet every member of the Task Force makes at least $150,000, putting them in the top 5% of American wage earners.

For example, Vice President Biden makes $227,000 per year. Council of Economic Advisors chair Christina Romer pulls down $172,000. And Energy Secretary Steven Chu takes home $191,000. And that’s just from their government gigs. Who knows how much they make from other sources.

In order to research the problems of the middle class, perhaps Task Force members can roll down the privacy windows in their limos and speak to their drivers. That’s about as close to middle class as these guys are likely to get.

Source: Yahoo News

The financial crisis explained in simple terms

We don’t know the source of this simple, yet brilliant explanation of the world’s financial crisis. It’s one of those things floating around the internet. Sit back, have a beer, and be enlightened:

Heidi is the proprietor of a bar in Berlin. In order to increase sales, she decides to allow her loyal customers – most of whom are unemployed alcoholics – to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around and as a result increasing numbers of customers flood into Heidi’s bar.

Taking advantage of her customers’ freedom from immediate payment constraints, Heidi increases her prices for wine and beer, the most-consumed beverages. Her sales volume increases massively.

A young and dynamic customer service consultant at the local bank recognizes these customer debts as valuable future assets and increases Heidi’s borrowing limit.

He sees no reason for undue concern since he has the debts of the alcoholics as collateral. Continue reading “The financial crisis explained in simple terms”

Joe Biden’s blunder of the day

ZZZZZZZZZZZZZZZZZZZZZZZZ
Hear an investigative report on another of Joe's numerous blunders. Click image to watch.

We’re thinking of making this a daily feature. Because Blunderin’ Joe Biden provides plenty of material.

“What I don’t understand from Governor Jindal is what would he do,” Biden said on the CBS Early Show. “In Louisiana there’s 400 people a day losing their jobs. What’s he doing?”

Then Joe’s fantasy ran smack dab into reality when Shreveport, Louisiana-based KSLA-TV investigated the real situation.

“In December, Louisiana was the only state in the nation besides the District of Columbia — according to the national press release — that added employment over the month,” they reported. “The state gained 3,700 jobs for the seasonally adjusted employment.”

The source of Biden’s information is often mysterious, but it doesn’t match stats from the labor department. At 5.9%, Louisiana’s unemployment rate is far lower than the national average of 7.2%.

Who writes this guy’s material? He’s hilarious.

Source: KSLA News 12 Shreveport Louisiana

Direct link to KSLA’s investigative report video here

Dan Rather wants Obama to do something. And he wants it done now, damn it.

Add formerly-credible newsman Dan Rather to the list of people who are unhappy with the Obama administration.

“Where is the outrage from We The People?,” Rather complained. “And where is the outrage—or sense of outrage—from the Treasury Department, from Congress, and, yes, from the White House and the new president himself?”

“We are in a downward economic spiral and the worst is probably yet to come,” he continued. “The situation threatens our own and future generations. Yet there is no transparency, no accountability, and no clearly-stated plan to pull us out.”

Rather’s tirade was interrupted when caretakers found the cantankerous old newsman huddled in a corner talking to himself. They wiped up the spittle from the corners of his mouth and took him back to his room or as he likes to call it, “Studio One.”

Salon.com admits obvious: “The new Great Communicator…isn’t.”

Ahhhh, excuse us while we sit back, put our feet up on the footstool and eat bonbons while we laugh our asses off.

OK, we’re back now.

A story by Joan Walsh at Salon.com last week said, “Obama is stumbling in the stimulus debate — and public support is dropping — because for 30 years Republicans have lied about the role of government. Now he’s got to tell the truth.”

That’s right. Obama is flailing around like an inmate in a straight jacket because Republicans lied. Because big government is good. Because taxes aren’t high enough.

Admittedly, we merely skimmed the article. Does anyone know if it mentions Democrats deserting Obama like rats off a sinking ship? Or the series of ethical lapses unmatched in the early days of any administration? Or the rhetoric not matching the reality?

This story really upsets us. Because hate it when other writers are funnier than we are.

Pelosi: “Every month…500,000,000 Americans lose their jobs”

Here’s another one to add to the “Best of Nancy Pelosi” reel. Nancy “The Genius” Pelosi says that every month we don’t pass the economic stimulus bill, another 500 million Americans lose their jobs.

She must be including illegal aliens.

I HATE THE MEDIA ™
Verified by MonsterInsights