Lost Decade – Wynn Asks What Recovery?

I’ve been saying that we have never really recovered from the 2007 recession. There has been no real corrections to our economy or markets. No return of jobs lost. No one really learned a lesson. In fact, people were simply bailed out. Add to that all the new regulations and mandates, and things are worse, not better than before.

Well, I’m no economist or super duper successful person who can sound and is smart or something. Steve Wynn also says its a sham recovery.

“Well, the idea that America is in the midst of a great recovery is pure fiction. It’s a lie. It’s a jobless recovery,” Wynn said. “Because recoveries are marked by the level of real employment. And if you count the people who have left the work force, real unemployment is 15 to 20 percent.”

Not only is unemployment much higher than the “official” rate of 5.5 percent, but Wynn said the Consumer Price Index, used to measure inflation, is also rigged in such a way that it doesn’t accurately reflect what real Americans experience on a daily basis. According to the U.S. Bureau of Labor Statistics, the U.S. had -0.1 percent inflation for the 12 months ended in March 2015. Inflation doesn’t exist.

Wynn says that’s a sham.

“If you take real inflation, and you’ve got to count energy and food and all that stuff, real inflation is much higher than they say it is,” Wynn said. “My employees’ take home pay, in spite of the increases we give them, their paychecks are 90-cent paychecks, 90 cents on the dollar. It’s very difficult for the middle class in America to keep up because of the inflationary pressure and the devaluation of the dollar.”
Read more at http://www.wnd.com/2015/05/steve-wynn-economic-recovery-pure-fiction/#VAs0Fsp53PvBxi1X.99

Read the rest.

Here We Go Again – Housing Bubble Round 2

Insanity is repeating the same thing over and over and expecting a different result. 

I have been saying “What recovery” for years, yet people keep pointing to “numbers” that say RECOVERY! No. we still haven’t recovered fully from the great recession. We have band-aided and bailed out economic sectors, industries, and companies with greased politicians and great lobbyists, but we have not had market corrections and a real recovery.

Housing was the final straw that led to the collapse in 2007. With the low interest rates and rising home prices, not to mention new homes still being built, you may be saying, yeah, we are recovered… but take another look.

Homeownership rate lowest in 25 years
Home prices are rising, and homeownership is falling. How can that be?

If prices are rising, it must be because there is increasing demand for homes, but if there is increasing demand, then why are there fewer homeowners?

It has to do with this: math. The homeownership rate in the first quarter of this year fell to 63.7 percent, the lowest since 1990, according to the U.S. Census. The homeownership rate is the ratio of households that own to overall households—the remaining being rental households.

As with “the unemployment rate” the numbers politicians and the media hacks like to report is massaged and manipulated to tell you what they want you to know, not what the truth is.

Having said all that, we should also note that there was actually a slight decline in the total, real number of homeowners. It wasn’t enough alone to push the homeownership rate down as far as it did, but it should be noted. As investors continue to buy single-family homes, and first-time buyers remain unable to afford today’s prices, real homeownership takes a hit.

Ah. Investors are buying homes now.

Like investors bought all that land in the early 2000’s and built homes driving up the prices….. and investors bought mortgage portfolios and swapped them back and forth……

We have not recovered. Due to bailouts and continued cheap/free low interest rate and downpayment mortgages, no one involved in the housing bubble learned a lesson.

Investors are now just buying up the homes low to sell high later OR to rent them out rather than buy the mortgages and make interest like they did 10 years ago.

We are headed to another economic recession. Washington has been pumping up the economy and eventually the chickens are going to come home to roost.

Neither Republicans or Democrats can claim they didn’t know. Both parties bailed out those banks – but in truth they did so for different reasons. That’s for another rant.

Point is: Obama has not lead us out of the recession. He prolonged. He kicked the reforms and adjustments down the road. The next few years are going to be very bumpy. We’re heading for another full blown recession again.

Why Is Parenting a 4 Letter Word Nowadays?

Bringing a whole new meaning to the phrase Uncle Sam…..

When I was a boy, they called it parenting. In today’s America, we apparently need the Federal Government to take care of families and more to the point, raise kids. Well, I use families loosely as in far too many cases, there is only one parent. And by raise, its more indoctrinate and warehouse. But you get the point. The “family” is no longer part of the equation.

[Source: MPR] ecoming a Promise Zone doesn’t involve any up-front money, but it will give north Minneapolis a competitive advantage when applying for federal grants.

[…]

Duncan could not guarantee that Minneapolis will qualify for any federal grants, but said it opens the door to dozens of government funding sources.

That could mean more money to fund increased educational opportunities for students, find housing for families, improve job prospects for the unemployed and lower crime rates in the neighborhood, he said.

Its a tragedy that any kid doesn’t have the chance to receive a decent education. A parent is homeless or jobless. Yes we should help them however reasonably possible. But we also can’t sweep any and all bad decisions and choices that got our society in Minnesota to this point.

But don’t be fooled. What Duncan showed up in Minnesota for was not to highlight the Federal grants to the Northside Achievement zone, it was to help bully the Legislature into passing Dayton’s all day Pre-K. That’s just state funded day care by union  dues paying teachers.

Takeaways:

Why is good parenting no longer the solution? Why are we refusing to start by highlighting the things being promised by the Federal Government as what would help kids learn, could/should be part of the nuclear family?

This all day pre-K push is simply to grow unions, make kids dependent on government run day care, and provide more union resources to help elect Democrats.

Who was the only protesters actually afraid of the consequences of rioting in Baltimore? The one whose mom caught him. Folks, America’s kids needs more of this. Role models and learning right from wrong.

Obamanomics In Practice – The New Normal

You keep hearing about how great the economy is doing. How jobs are being created and everything is back to normal. But the new normal is not like the old normal.

WASHINGTON (AP) — Cash-strapped Americans anxious for tax refunds are increasingly turning to payment advances, prepaid cards or other costly services when getting tax preparation help, according to new federal data raising concerns among regulators about whether consumers are fully informed about the fees.

Regulators are looking to increase oversight of preparers amid the rise in “refund anticipation checks,” a type of cash advance especially popular among low-income families who receive the Earned Income Tax Credit, the government’s $65 billion cash benefit program. The advances are being marketed as a way to get fast refunds or defer payment of tax preparation costs.

It also happens to be a glaring example of irony. The same Government that is confiscating so much money from us that we are forced to scratch and claw and borrow to make ends meet, is worried that we are borrowing from high risk fraudsters to make ends meet.

There’s a solution to this whole problem, that will never be considered. Smaller Government.

Oh I know, without the nanny state, how will everyone get free E-14 schooling (notice I did’t say an E-14 education) and all those other entitlements?

We cannot afford the Government that has been forced upon us. That’s a factual, emotion free statement.

Job creation is now controlled by Government. They have made good paying full time, reliable jobs, a rarity. You can scream outsourcing and blame corporate America, but the fact is if Government hadn’t created the red tape, they’d happily allow people to work more than 30 hours a week as one example of the new normal of Obama’s Economy.

The American economy looks nothing like it did 8 years ago. Through the ashes of the recession, Marxism took root. A centrally planned and controlled destruction of the free markets is in effect.

This new, fundamentally transformed America, sure seems to have created more people screaming for more free stuff. Then again, socialism is not supposed to solve problem, its designed to identify and shine the spot light on them.

Creating a dependent is far more important than solving the problem. Because if you solve the economic effects that made someone need help and get that person a job, you can’t continue to run government for the sole purpose of maintaining power. You’d eventually be able to cut taxes to the point where there is enough capital out in the markets to create jobs for those in need. If someone did fall through the cracks and need additional help, people would have plenty of money left over from low taxes and low product costs to be true good samaritans and help their fellow man.

Instead, the definition of compassion in Obama’s America is now demanding Government confiscate other people’s property to give others what you think will make them happy.

This new normal of liberal economics sure seems to have a whole lot of unhappy people who complain about all the things they don’t have or can’t afford.

How is higher taxes and more regulation going to lower the cost of raising a family or provide a good paying job?

If we are now going to be a society based on always needing another bailout, another credit card to max out, a windfall of tax refunds, lottery, etc etc. we are screwed. Then again, if we need those things, we also need politicians to provide us with more and more entitlements and handouts.

Welcome to the new normal. Where your choices are determined for you.

Dayton & Betty 180 Degrees Apart On Obamacare & MNSure

Did Dayton Screw Up MNSure?

The United States has a population of roughly 318,000,000. Take a look at what an entrenched left wing ideologue who doesn’t have to fave voters to be held accountable had to say.

McCollum Obamacare Tweet

 

This was done on the very same day that left wing ideologue Governor Mark Dayton finally admitted he had been ignoring reality all along on Minnesota’s failed version of Obamacare called MNSure.

Kill MNsure? Maybe, Dayton says

Gov. Mark Dayton said Monday that he is open to abolishing MNsure, the embattled health insurance exchange he has championed and defended from Republican attacks.

That’s the most drastic option Dayton mentioned in a letter calling for a task force to study “future options” for health care reform in Minnesota.

Dayton said the task force could consider:

— Replacing MNsure with a federal health insurance exchange.

— Keeping MNsure but seeking a federal waiver to make major reforms.

— Simply making minor adjustments to shore up the agency.

“The task force would consider all conceivable options,” Dayton wrote in the letter to legislative leaders.

Gee. Those were all of the things that his Republican opponents were saying a year ago that were flatly denied by Dayton and the press. Heck, up until 1 month ago, Dayton and Minnesota Democrat leaders were claiming everything was working just fine.

But on one hand you a have a Washington Democrat praising Obamacare but on the other you have a Minnesota Democrat admitting the ruse is up and MNSure (the State version of Obamacare) is an absolute failure in need of drastic fixes or all out scrapping.

Well main stream media. What side of this argument are you on now?

And do you think maybe the DFL Senate & House Republican Caucuses in Minnesota have beefed Dayton to let MNSure die because they are on the ballot in 2018 and MNSure is an even bigger mess than previously admitted?

Don’t forget, they just had to lower enrollment goals again for next year because consumers have seen through the fog and realized its better to shop in the real private market without Government interference.

Franken & Klobuchar Support Abortion Over Sex Trafficking Victims

They have decided to withdraw support for a bill to combat sex trafficking because it would prevent the funds being diverted to take innocent lives.

Abortion provision jeopardizes bipartisan sex-trafficking measure
[…]

Democrats, including Klobuchar and Sen. Al Franken, say that Republicans sneaked a provision in the 68-page bill that would prevent funds reserved for trafficking victims from being used on morning-after pills or abortions.

Which is it, do Klobuchar & Franken want to provide abortions or help sex trafficking victims?

Amnesty Whopper: Underage Aliens Will Get Free Abortions

The new American dream: Send your pregnant underage daughter to the United States to get a free abortion.

You can’t claim to be compassionate if you support barbarism like this.

There are already a million abortions each year in the US. Are we now going to be the abortion provider to the world?

Think of it. We already take the lives of a million innocent lives each year. We are being forced to open our borders to people from poverty stricken countries and we are going to welcome them with free abortions.

What exactly are we trying to tell the world about what makes us tick?

I guess this is what fundamentally transforming America looks like.

Keystone Pipeline Passed Congress Obama Plans To Veto

Congress passed the Keystone Pipeline. President Obama plans to veto it.

Let’s light up the White House switch board to try to get the President of the United States to listen to the American people for once.

Sign the Keystone Bill President Obama, don’t veto it!

White House switchboard: 202-456-1111

Net Neutrality or Obamanet Or Maybe FrankenNet

grumpy catDemocrats like Al Franken & Barrack Obama are pushing very strongly for Net Neutrality. I instinctively cringe when a Democrat demands something. More often than not, I am right and they are trying to squash freedom and productivity.

As the secrets of their Net Neutrality push are being revealed, the deal looks to be even worse. Like how the “fixed” health insurance, they are looking to their socialist friends across the pond for a socialist answer to unchecked freedom of speech.

Obama’s regs will make Internet slow as in Europe, warn FCC, FEC commissioners
As the Federal Communications Commission and Federal Election Commission toy with regulating aspects of the Internet, critics on those agencies are warning that speed and freedom of speech are in jeopardy.

In a joint column, Federal Communications Commission member Ajit Pai and Federal Election Commission member Lee Goodman, leveled the boom on the Obama-favored regulations, essentially charging that it will muck up the freedom the nation has come to expect from the Internet.

[…]

Noting recent votes on the issue that ended in a political deadlock, the two wrote, “these close votes and the risk of idiosyncratic case-by-case enforcement inevitably discourage citizens and groups from speaking freely online about politics.”

Bottom line, they warned: “Internet freedom works. It is difficult to imagine where we would be today had the government micromanaged the Internet for the past two decades as it does Amtrak and the U.S. Postal Service. Neither of us wants to find out where the Internet will be two decades from now if the federal government tightens its regulatory grip. We don’t need to shift control of the Internet to bureaucracies in Washington. Let’s leave the power where it belongs — with the American people. When it comes to Americans’ ability to access online content or offer political speech online, there isn’t anything broken for the government to “fix.” To paraphrase President Ronald Reagan, Internet regulation isn’t the solution to a problem. Internet regulation is the problem.”

 

Franken: Because Money Grows On Trees

If only Minnesota voters know Al Franken was a stark raving mad left wing Marxist…..

MINNEAPOLIS (WCCO) – A new proposal from Sen. Al Franken would allow all workers to earn sick time if they or a family member are under the weather.

Franken says 43 million workers don’t have paid sick days, and many are forced to come to work when they don’t feel well.

What about the employers who have already had taxes raised by Franken? What about the employers who have already had their regulations raised by Franken? What about the employers who have already had their material costs raised by Franken? Do we need to bring up Obamacare’s burden on employers too?

I know most elected Democrats have never had to make a payroll as a business owner, but do they really believe that money grows on trees?