Time for Thorns

An independent view on life.

Posts Tagged ‘economy

Pelosi’s budget…

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…is the customary Democratic payoff to cronies and representing the first step to fulfill the party’s priorities, which are both socially and financially bankrupt.  Trump characterized it  as overspending  by $21.8 billion for things he never asked for.

Speaker Pelosi announces it as a great achievement,  even though it includes nothing for any type of wall anywhere on the border.  Her own daughter warns us  what a  viscous witch she is.   Since she and Sen. Chuck Schumer  refused to listen  to the border security briefing Wednesday at the White House,  Trump sent every member of Congress and reporters slides of the presentation the Democratic leaders fled from.

Now the top Dems are trying  to spin  the new and very big job numbers as bad news for Americans.  DNC chair Tom Perez blasted Trump for increasing economic “volatility.”  I’m still trying to figure out how creating double the number of jobs expected in December creates volatility.  Majority Leader Steny Hoyer claimed bad economic policies are taking a toll on small businesses, farmers, and working families,  yet offered no evidence.   This surprised me,  as Democrats generally have no trouble creating fiction to support their talking points.  Could even their creative geniuses not find a way  to make .4% wage growth a destructive thing?

The closest the average American gets to the stock market is likely a mutual fund of some sort.  But the stock market, which suffered a year-end bout of hysteria,  is not the economy,  which just  keeps climbing upward,  improving the lives of Americans.  Wages were stagnant under His Oneness,  no matter how jiggy his team got with the numbers.  Median  household income  hit an all-time high in November,  but apparently we must ignore that as well.

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Written by timeforthorns

January 5, 2019 at 2:08 pm

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Paris lockdown…

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…didn’t stop the  yellow-vest  riots.   Now the rioters are torching everything in their path,  creating hazards  in Brussels and Amsterdam as well.  The headlines mention  vague causes  such as cost of living, and fuel prices,  and the like.  The actual problem is that French President Macron bought into the United Nation’s latest fit of global warming hysteria which would have necessitated throwing Western societies back into the Victorian Age at least.

Don’t you remember when Barack Obama said he had to destroy the coal industry and that gasoline prices had to rise to $7 or $8 per gallon to achieve the necessary climate goals?   Apparently what’s left of the French middle class  isn’t thrilled at the prospect  of involuntary time machine travel.  Democrats could learn something from this, but I doubt they will draw the correct conclusion from the riots,  which is that the rioters have bats and sticks and bricks, but no Second Amendment to protect them from a tyrannical government.  We do…That’s something to think about if it crosses  the ocean.

In the meantime,  Macron is  in trouble  on all sides.

Written by timeforthorns

December 9, 2018 at 2:48 pm

#1 again…

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His Oneness told us this was a fabricated,  unreal metric  — largely because his statist policies were certain to prevent the nation from ever regaining the title of the  most competitive  country in the world in the ranking from the World Economic Forum.   Remember that we lost the title in 2008 under his stewardship,  and he spent the rest of his presidency telling us the bad economy was  “the new normal” and we needed to shut up and get used to it.

I didn’t believe Pres. Obama.   Neither did Donald J. Trump.

 

 

 

 

Written by timeforthorns

October 18, 2018 at 2:04 pm

Blue and broke…

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How do you judge a state?  For several years,  the Mercatus Center at George Mason University has looked at five measures of each state’s financial condition.  They are:  cash solvency,  budget solvency,  ability to meet long-term spending commitments,  state spending and taxes as a share of personal income,  and unfunded pension liabilities and debt.

Bear in mind that Mercatus used data from the states’ own financial reports to do this study,  which is one of the reasons Democrats will scream bloody murder.   All the worst-run states have  one thing  in common:  they are run by tax-and-spend Democrats.

Apply the same principles to the country,  and you should have no  trouble figuring out what His Oneness did to the American economy,  and what all the Democrats are promising to do if they regain control.  Are you going to let that happen?  I certainly hope not.

Written by timeforthorns

October 11, 2018 at 2:59 pm

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Comparing presidents…

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I had an interesting conversation with a millennial black man who works for me occasionally.  He said that Trump’s tax cut has put $200 more in each of his twice-monthly paychecks.  If he were still gambling that $400 would have gone to a casino.  He has been pint out to his buddies what that tax cut means to him and asking why anyone should vote for Democrats,  who are promising to take that $400 away from him and raise his taxes even more.

He lacks high-end job skills and education and had little opportunity growing up in an economically depressed neighborhood.  He also is not an intellectual giant.  But with some encouragement and tips and timely reminders,  he had the strength to quit gambling entirely.  I know plenty of people with much larger bank accounts and a boatload of expensive professional help who can’t shake the addition.

Then I stumbled across  this comparison  of Obama and Trump  on the economy in the first 600 days of their respective presidencies.   Hark!   Is that the sound of heads exploding?

 

 

 

Written by timeforthorns

September 9, 2018 at 2:10 pm

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You haven’t…

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…heard it from MSM or the cable talking heads,  but the economy is actually  humming along  pretty well.   The government is still spending far too much money (write your Congress critters and demand restraint!),  but despite that the annual growth is considerably better than under the Obama Administration.

Most media will latch onto an  erroneous report  that wages are falling.  There is little likelihood that they are.   Remember Mark Twain’s famous warning:  There are three kinds of lies: lies, damned lies, and statistics.

 

 

Written by timeforthorns

July 28, 2018 at 2:31 pm

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Meet the new Democrats…

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An attractive  young woman  has won a Democratic primary,  beating a ten-term Congressman,  despite campaigning with a known  anti-Semitic and racist.  This matters because Joe Crowley was expected to become the next Speaker of the House if the Democrats took it over.    The former speaker,  Nancy Pelosi,  doesn’t like  being compared  with the newcomer.   Sen. Bernie Sanders is over the moon with happiness because she is an avowed Democratic Socialist,  just like he is,  she is calling for Pres. Trump’s impeachment,  she thinks it requires “political courage” to raise taxes,  and claims ICE is running family-separation black sites at the border.

In other words,  just like Bernie,  she has no grasp of economics,  opposes the Constitution,  imagines the Bill of Rights protects only her and the like-minded,  and imagines We the People will meekly accept being ruled by her.   Yes,  she’s a bit of a lunatic,  but she truly does  represent the new face of the Democratic Party which has certainly been losing its collective mind ever since Trump was elected.

UPDATE:  I found  the platform  she ran on.   Heaven help us…

 

 

Written by timeforthorns

June 28, 2018 at 2:59 pm