No Hope, No Change

The Wall Street Journal has an editorial today that is well worth your time. Link here.

The unemployment figures just released show that “official” unemployment is 9.5% with an underutilized labor (i.e. full time employment but not a 40 hour week) stands at about 16.5%. Remember the Marxist in the White House said that with the “stimulus”, unemployment would be no higher than 8%. How anybody can believe anything that comes out of 0bama’s mouthteleprompter is beyond me.

From the WSJ…..

“About the best we can say about yesterday’s June jobs report is that employment is usually a lagging economic indicator. At least we hope it is, because the loss of 467,000 jobs for the month is one more sign that the economy still hasn’t hit bottom despite months of epic fiscal and monetary reflation.

The report is in many ways even uglier than the headline numbers. Average hours worked per week dropped to 33, the lowest level in at least 40 years. This means that millions of full-time workers are being downgraded to part-time, as businesses slash labor costs to remain above water. Because people are working less, wages have fallen by 0.3% this year. Factories are operating at only 65% capacity, while the overall jobless rate hit 9.5%. Throw in discouraged workers who want full-time work, and the labor underutilization rate climbed to 16.5%.

The news is even worse for young people, with nearly one in four teenagers unemployed. Congress has scheduled an increase in the minimum wage later this month, which will price even more of these unskilled youths out of a vital start on the career ladder. One useful policy response would be for Congress to rescind the wage hike to $7.25 an hour (from $6.55) that is scheduled for July 24. But the union economic model that now dominates Washington holds that wages only matter for those who already have jobs. The jobs that are never created don’t count.

The goods producing sector — Americans who make things — shed 223,000 more jobs last month. Asked about these job losses by the Associated Press yesterday, President Obama said Congress should pass his cap-and-tax on carbon energy because “If we’re weatherizing every building and home in America, if we are creating windmills and solar panels and biofuel facilities, that is a huge promising area not only for jobs here in the United States, but also for export growth.” But even under the most optimistic scenario, not every hard-hat worker in America can make windmill blades and solar panels. With manufacturing on its back, enacting a new energy tax to drive more jobs offshore is crazy even on Keynesian grounds.” [...]

Barry, just how stupid do you think the American public is? Your Marxist plan is NOT working, but of course, if you knew anything at all about economic history, or history at all for that matter, you would have KNOWN this asinine stimulus plan won’t work.

Add in the “Cap and Kill Jobs” bill recently passed by the morons in The House, and we now have the makings of a nice long depression, if the Senate passes the “Cap and Kill Jobs” bill. We already know, that 0bama, in his quest to destroy America will sign the bill into law.

The WSJ sums it up nicely.

[...]“As always, a sustained expansion and job creation must come from private investment and risk-taking. Yet as America’s entrepreneurs look at Washington they see uncertainty and higher costs from a $1 trillion health-care bill; higher energy costs from the cap-and-tax bill that just passed the House (see below); new restraints on consumer lending in the financial reform bill; new tariffs and threats of trade protection; limits on compensation and banker baiting; and the possibility of easier unionization, among numerous other Congressional brainstorms.

None of this inspires “animal spirits.” The best thing Mr. Obama could do to create jobs would be to declare he’s dropping all of this and starting over.”

Fat chance that will happen…little Barry and his Administration are too committed to the damage they’re causing to America.

Happy 4th of July

Happy 4th of July, everyone. You’ll have a lot more fun over the 4th of July if you don’t shit all over the country like 0bama does.

Thank You Very Little part Ad Nauseum

Thanks to the passage of the Cap and Tax Bill by the traitors in The House, it looks like the price to the economy, and therefore the cost to consumers will be even higher than anticipated. Why? Well, for openers, the refiners and U.S. oil companies will NOT use energy when they have alternatives.

From Bloomberg

June 26 (Bloomberg) — America’s biggest oil companies will probably cope with U.S. carbon legislation by closing fuel plants, cutting capital spending and increasing imports.

Under the Waxman-Markey climate bill that may be voted on today by the U.S. House, refiners would have to buy allowances for carbon dioxide spewed from their plants and from vehicles when motorists burn their fuel. Imports would need permits only for the latter, which ConocoPhillips Chief Executive Officer Jim Mulva said would create a competitive imbalance.

“It will lead to the opportunity for foreign sources to bring in transportation fuels at a lower cost, which will have an adverse impact to our industry, potential shutdown of refineries and investment and, ultimately, employment,” Mulva said in a June 16 interview in Detroit. Houston-based ConocoPhillips has the second-largest U.S. refining capacity.

The same amount of gasoline that would have $1 in carbon costs imposed if it were domestic would have 10 cents less added if it were imported, according to energy consulting firm Wood Mackenzie in Houston. Contrary to President Barack Obama’s goal of reducing dependence on overseas energy suppliers, the bill would incent U.S. refiners to import more fuel, said Clayton Mahaffey, an analyst at RedChip Cos. in Maitland, Florida.” [...]

The final paragraph sums it all up.

““If you can import fuels without the same carbon costs as domestic refiners, you will have an advantage,” Durbin said. “Does that open the door for offshore refiners? I think it does.”

Wait until those credits start “trading”. As I’ve said before, it will make the mortgage crisis look like a walk in the park.

You should also read this post by Denninger who shows why calling Krugman an economist is simply a joke. Especially when it comes to cap and tax.

Of course the Demtards and 8 RINOs who voted for this piece of crap aren’t the only morons around…they were elected to office.

Big Day on Friday 26 June 2009

It’s a big day for America tomorrow as the vote on the cap and tax bill is coming up. Led by people who have fallen for junk science, the cap and tax bill is probably the most important vote in this country since the Senate authorized America going to war in 1941.

If it passes, it will be economic homicide for the United States. Heritage estimates the average national energy bill will go up 90% and in Wisconsin, an other Midwestern states, the estimated cost for energy will rise +- 170%. Whatever is left of manufacturing will go south (Mexico, Brazil and other points) or east (China, India and Africa) and unemployment will soar in the U.S.

Here in Wisconsin, like most in the Midwest we are very dependent on coal for electricity, since the stupid cocksucker the majority of the stupid cocksucking voters in Wisconsin elected to the governor’s mansion is more anti-nuclear than even little Barry. Say buh-bye to the Badger State economy. Like those Harley’s? Can you go to Matamoros to buy one? How do you union Demtards like your jobs, now? Habla Castellano?

In fact, say good-bye to the U.S. economy. We will not be able to compete with the “Third World” economies (who look at cap and tax as a joke) who are praying that passage of the bill goes through. I don’t know why they’re so hopeful, though. We won’t have any money to buy anything. Well, China and India will and the economic destruction of America which 0bama and his fellow crapweasels covet will be complete.

As a trader and with great contacts in the third world, I look forward to exploiting the cap and tax paper and will hopefully make enough money to pay my utility bill after I rip off stupid Demtards who think they’re saving the planet as they starve and freeze to death. No, I won’t feel bad about it at all.

Google on “Waxman Markey” (the name of the bill) and see why the above is 100% correct. If you’re too lazy to do that, try following this link from The Wall Street Journal.

The reality is that cost estimates for climate legislation are as unreliable as the models predicting climate change. What comes out of the computer is a function of what politicians type in. A better indicator might be what other countries are already experiencing. Britain’s Taxpayer Alliance estimates the average family there is paying nearly $1,300 a year in green taxes for carbon-cutting programs in effect only a few years.

Americans should know that those Members who vote for this climate bill are voting for what is likely to be the biggest tax in American history. Even Democrats can’t repeal that reality.

For all of you in the Green Bay area, I suggest you keep on eye on how Steve Kagen votes. It’s only your season tickets. After you get done paying your utility bill, you won’t have any money to buy them.

I suggest that Janet Napolitano, head of Homeland Security, arrest every member of the House of Representatives who vote “aye” for the cap and tax bill. They are the true enemies of America.

Good News

Leah Vukmir has announced she will be seeking the 5th State Senate seat currently held by the tax-lover, Jim Sullivan. Ms. Vukmir is a formidable politician and more importantly, a formidable Conservative….check all of that…she is a formidable woman and I am proud to know her. Let me be among the many in the Cheddarsphere wishing her the best of luck.

On a side note, this does open her old assembly seat. A great candidate would be her former GOP opponent, Tom Herzog, currently an alderman in Wauwatosa.

Fox Sports rates NFL Divas….Favre IS #1

This guy has been waffling about retirement for half a decade now, even holding several hostages along the way in the form of Green Bay, New York, Tampa and Minnesota. We’ve already lived through two official retirement press conferences — one tearful but none believable. Yet he keeps coming back because of the spiteful torch he carries for his former team. It’s so intense that Favre’s been romancing the Packers’ most-hated rival for two straight years, generating enough double-talk from his agent James “Bus” Cook to fill all 32 NFL stadiums with hot air. Clearly, unless Brett gets what he wants, he will never go away.

I agree…go back to you lawnmower, Brett, at least you probably won’t throw into triple coverage from there. If the Viqueens think #4 is the answer, I have two words for you. Tommy Kramer. Good luck, suckers.

In case you need a reminder, can you say “Tommy Kramer at Olympic Hills”? If that doesn’t ring a bell, try Joe Kapp. See you at the draft party for early picks. BTW, we ran Childress out of Madistan since he couldn’t even coach at the college level.

Econ 101 for Morons in Madistan

John Torinus, the CEO of Serigraph writes a Sunday column for the MJS. Sometimes they’re “meh”, sometimes they’re good and sometimes they are very good. Torinus’ column in the 6/22/09 paper was very good. It should be required reading for every Demtard in Madistan. You can read the whole thing here, and I suggest you do so.

“With the elimination of the capital-gains tax exemption in the Senate version of the state budget, the disconnect between the political leaders and business leaders in Wisconsin is just about complete.

The 60% exemption from state income tax for capital gains was one of the few tax advantages of doing business in Wisconsin. Gov. Jim Doyle, desperate for more tax revenue to fill a huge state deficit, took the exemption down to 40% in his budget. The Senate version eliminates it completely.

The proceeds for the state Treasury under the Senate’s plan would be about $230 million a year.

Relations between state business organizations and Democratic leaders were already on shaky ground before the Senate move to forgo a tax on oil companies and erase the capital-gains tax break.

Sen. Russ Decker, majority leader and unionist, obviously doesn’t care much what business interests think. After 23 years out of power, his brand of Democrat must see this legislative session as the union movement’s turn to get what it wants.

His anti-business agenda comes at a time when job losses in the state are horrendous. The loss of 133,800 jobs in the last year is the biggest in percentage terms in a half-century.” [...]

Torinus then gets to the meat of the matter.

[...]“There is some agreement that entrepreneurship is the way of the future for the state’s economy. Decker and his counterpart in the Assembly, Mike Sheridan, also a union leader, allowed an expansion in the budget of credits for angel and venture investing.

That positive note in the budget was offset, however, by the elimination of the capital gains exemption and raise in the personal income tax from 6.75% to 7.75% for the highest-income people in the state. They may be viewed as fat cats by the Democrats, but they are also the ones most likely to invest in new ventures.

Not surprisingly, it has become a pattern for business owners and executives who retire from Wisconsin companies to move out of state. Their accountants and lawyers uniformly recommend an exodus for at least six months and a day to escape Wisconsin taxes. Some loyalists stay put, but their friends tell them they’re crazy.”[...]

Guess what? When people aren’t residents of Wisconsin, they don’t pay taxes here. I’m sure that statement is a revelation to Decker and his libtard pals, but…it’s TRUE!

[...]“The higher top bracket affects more than just the top earners in the state. It also imposes a higher tax on the earnings of companies organized as S corporations or limited-liability companies. Add their owners to the list of the disgruntled.

The Democrats obviously have decided to play to union leaders and to the average voter and have turned a deaf ear to business. The reversal of their proposed increase in joint and several liabilities was an exception. The retreat was triggered by an outpouring of opposition from thousands of small businesses.

Overall, the Democratic posture toward private employers is pretty punitive.

Yet, when I talk to the voters across the state, they are viscerally concerned about jobs and job security. It’s hard to create tax-generating jobs without businesspeople feeling good about the state.

Right now, it’s almost unanimous that businesspeople at all levels aren’t feeling the love.”

If you want the short version, it would be “Capital goes where it’s welcomed and stays where it’s well-treated.” I’m sure that’s too difficult for Decker to understand. Last one to leave, turn out the lights.

Get a Room

So MKE Police Chief, Ed Flynn, and local “celeb” Jessica McBride admitted to making the beast with two backs. So what? Flynn is still the best chief MKE has had since Brier and McBride has to face a lifetime of indentured servitude to her husband or a divorce…which means buh-bye Lake Country for her.

I’ve never been married but….I have no time for adultry which means I feel just fine giving as much shit as I feel like to both parties.

Here are two questions I have for Ed Flynn….

1) Are you going to arrest yourself for carrying a concealed weapon?
2) Is Jessica McBride a spitter or a swallower?

Abject Stupidity

Poor Barbara Boxer (moronic Senator from California). It seems like she doesn’t like being referred to politely. I suggest in the future the military refer to her as “stupid beeyotch”. It would be accurate, anyway.

Wisconsin Citizens Screwed

From my assemblyman, Rich Zipperer….

NEWS RELEASE: Bloated State Budget Hammers Middle Class in Wisconsin

FOR IMMEDIATE RELEASE
June 13, 2009

CONTACT: Representative Rich Zipperer
OFFICE: (608) 266-5120

HEADLINE: Bloated State Budget Hammers Middle Class in Wisconsin
SUBHEADLINE: Despite recession and record unemployment, budget raises
host of taxes and fees.

Madison – After a lengthy floor debate and consideration of over 150
amendments, Rep. Rich Zipperer (R-Pewaukee) voted against the proposed
2009-2011 biennial budget this morning. The budget, approved on a
narrow 50-48 vote, expands the new taxes and fees approved by the
Assembly so far this year to almost $5 billion and includes $3.68
billion in new state spending. It also includes millions in earmarks
and pork projects and dozens of non-fiscal policy items, such as
early-release for dangerous felons. After the vote, Zipperer released
the following statement:

“In this difficult economy, the focus of the Legislature should be on
turning our economy around and helping the private sector create jobs,
but this budget does just the opposite. Rather than help families and
job providers, the budget instead raids billions from family checkbooks
and spends millions of taxpayer money on earmarks and pork projects,
such as $6.6 million on the Yahara River in Dane County and $5 million
on the Bradley Center in Milwaukee.

Under this budget, every Wisconsinite’s checkbook takes a hit. If you
own a house, have automobile insurance, buy gasoline, use a telephone,
have a child in daycare, have health insurance, are getting married or
having a baby, get sick, use electricity, attend a UW School, have money
in the stock market, have a loved one in a nursing home, have your
garbage picked up by your local municipality, or download music, this
budget will cost you more.”

To all you Dem crapweasels….thank you very little. Hope all you voters for the Dem Crapweasels enjoy this rape on our wallets…I don’t.