A Square Deal?
The president will be in Osawatomie, Kansas tomorrow in an effort to hitch his wagon to Teddy Roosevelt's legacy. It was over 100 years ago, in Osawatomie, that TR delivered his most famous speech, calling for a "New Nationalism"—where everyone gets a "square deal," a fair chance, and an equal opportunity to succeed.
Well, we ain't in Kansas anymore, BarackO.
'Cause in Obama's Oz, a square deal has very little to do with equal opportunity and a whole lot to do with guaranteed outcomes.
Tomorrow's campaign speech will most certainly be another march down Class Warfare Lane. You can count on a giant dose of pontificating and podium pounding about the wealthy not paying their fair share.
Forget speaking softly and carrying a big stick. With Barry, it's more about talking often with a scripted shtick.
And set the facts aside. They matter not in Obamaland. In his alternate universe, the reality that the top 1, 5, and 10 percent account for 40, 60, and 70 percent of federal tax revenue is meaningless.
Also, who cares that according to IRS data the effective tax rate for those making over $1 million is 23.3%, but only 12.7% for those with incomes between $100,000 and $200,000. Let's not even mention that those earning between $50,000 and $100,000 are only federally taxed at an effective 8.9% rate. And, oh yeah...shhh...around 50% pay no federal income taxes at all.
You can also count on the speech being full of rhetoric about how we just need to stay the course...that Obama's policies are gradually digging us out of an enormous hole. Just look at the latest unemployment numbers as evidence. Great news, right?
Not so much.
That seemingly significant four tenths of one percent drop (down to 8.6%) that he'll no doubt be highlighting was due, almost exclusively, to a precipitous exodus of people from the labor force—something he won't be mentioning. Yep, 315,000 people were so discouraged that they completely dropped off the labor grid. Moreover, the labor participation rate is now at its lowest level in forty years or so—64%.
Yep, Obamanomics is really doin' the trick.
Of course, let us not overlook a definite centerpiece of tomorrow's speech—an extension of the supposedly temporary payroll tax cut (proving once again that the only thing harder to get rid of than an STD is a Washington give-away). That's right, the same payroll tax cut that's been of virtually no benefit to the economy...the cost of which, if it had been directed toward pro-growth initiatives could have had a materially positive structural and systemic impact on employment and GDP.
What a speech it promises to be. Oh to be so unapologetically disingenuous. Apparently it helps when your constituency is comprised of the ignorant and faux enlightened liberal elitists.
Who needs the Bull Moose Party when we have the Bull Shit Party.
Just remember, on November 6th, 2012 click your heels and repeatedly chant, THERE'S NO PLACE LIKE AMERICA.
At least the one I remember, anyway.
Well, we ain't in Kansas anymore, BarackO.
'Cause in Obama's Oz, a square deal has very little to do with equal opportunity and a whole lot to do with guaranteed outcomes.
Tomorrow's campaign speech will most certainly be another march down Class Warfare Lane. You can count on a giant dose of pontificating and podium pounding about the wealthy not paying their fair share.
Forget speaking softly and carrying a big stick. With Barry, it's more about talking often with a scripted shtick.
And set the facts aside. They matter not in Obamaland. In his alternate universe, the reality that the top 1, 5, and 10 percent account for 40, 60, and 70 percent of federal tax revenue is meaningless.
Also, who cares that according to IRS data the effective tax rate for those making over $1 million is 23.3%, but only 12.7% for those with incomes between $100,000 and $200,000. Let's not even mention that those earning between $50,000 and $100,000 are only federally taxed at an effective 8.9% rate. And, oh yeah...shhh...around 50% pay no federal income taxes at all.
You can also count on the speech being full of rhetoric about how we just need to stay the course...that Obama's policies are gradually digging us out of an enormous hole. Just look at the latest unemployment numbers as evidence. Great news, right?
Not so much.
That seemingly significant four tenths of one percent drop (down to 8.6%) that he'll no doubt be highlighting was due, almost exclusively, to a precipitous exodus of people from the labor force—something he won't be mentioning. Yep, 315,000 people were so discouraged that they completely dropped off the labor grid. Moreover, the labor participation rate is now at its lowest level in forty years or so—64%.
Yep, Obamanomics is really doin' the trick.
Of course, let us not overlook a definite centerpiece of tomorrow's speech—an extension of the supposedly temporary payroll tax cut (proving once again that the only thing harder to get rid of than an STD is a Washington give-away). That's right, the same payroll tax cut that's been of virtually no benefit to the economy...the cost of which, if it had been directed toward pro-growth initiatives could have had a materially positive structural and systemic impact on employment and GDP.
What a speech it promises to be. Oh to be so unapologetically disingenuous. Apparently it helps when your constituency is comprised of the ignorant and faux enlightened liberal elitists.
Who needs the Bull Moose Party when we have the Bull Shit Party.
Just remember, on November 6th, 2012 click your heels and repeatedly chant, THERE'S NO PLACE LIKE AMERICA.
At least the one I remember, anyway.
Posted by Chuck Dietrick at 12/5/2011 2:35 PM 
Categories: Unemployment Rate, Tax Policy, Obama Oratory, Big Government, 2012 Campaign
Categories: Unemployment Rate, Tax Policy, Obama Oratory, Big Government, 2012 Campaign
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