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People who say it cannot be done should not interrupt those who are doing it. Welcome to From On High.

Tuesday, November 06, 2012

CBS Knows No Shame

The day before the election?  Really?  CBS News sat on the information until now?

This is disgraceful:

"CBS releases more video from 9/12 interview with President Obama: ‘Too early to tell’ if Benghazi a terrorist attack."

This despite the fact that Obama and his toadies have been claiming that he pronounced the attack to be an act of terrorism immediately.

Key word being toady.

As in CBS News.

Evidence released just hours before the election.

There are no words ...

- - -

Helle Dale:

"On Sunday night, a full 54 days after the terrorist attack in Benghazi, Libya, CBS finally posted a critically important segment of the 60 Minutes interview with President Obama conducted on September 12.

"Unbelievably, it was left on the cutting room floor even as 60 Minutes aired a long segment with President Obama criticizing presidential challenger Mitt Romney over his remarks on protests in Egypt. Given the substance of what was left out, this editorial decision shows CBS as either shamelessly biased in favor of the President or hopelessly incompetent as a news organization."

- - -

Joel Pollak:

"In an astonishing display of media malpractice, CBS News quietly released proof--two days before the election, far too late to reach the media and the public--that President Barack Obama lied to the public about the Benghazi attack, as well as about his later claim to have called the attack "terrorism" from the beginning."

5 Million New Jobs?

Every time I hear Obama make the claim that he's "created" 5,000,000 of them I shout - in so many words - at my TV: They're all part-time and minimum wage jobs, you idiot! What good are they?

In truth?  They're all part-time and minimum wage.  Welcome to Obama's America:
A Part-Time, Low-Wage Epidemic
The jobs gained recently by the U.S. economy are disproportionately low-paying, insecure ones.
By Mortimer Zuckerman, Wall Street Journal

As Americans head to the polls, they face a disastrous new normal: For the first time, the U.S. economy has shifted in the direction of a part-time, low-wage workforce.

The number of Americans now working part time has soared to 8.3 million—up 313,000 in the past two months alone. With economic growth declining or stagnant for quarter after quarter, many companies feel it is too risky to take on people full time.

This has created an army of "underutilized labor." America's narrow unemployment rate is 7.9%, but it is 14.6% when accounting for involuntary part-time workers. The number of Americans working full time has declined by 5.9 million since September 2007, while the number working part time has jumped by 2.6 million.

Over the same period, according to the National Employment Law Project, low-wage occupations have grown nearly three times as fast as mid-wage and higher-wage ones. Whereas lower-wage jobs were 21% of losses during the recession, they have accounted for 58% of new jobs since—and these have the highest proportion of part-time jobs. By contrast, mid-wage occupations were 60% of recession losses but have been only 22% of recovery growth. Higher-wage occupations were 19% of jobs lost and have been 20% of jobs recovered.

The lower-wage occupations that have seen the most growth include retail salespersons, food-preparation workers, laborers and freight workers, waiters and waitresses, personal- and home-care aides, office clerks and customer representatives. Over the past two years, the food service, retail and employment-services industries have added a total of 1.7 million low-wage jobs, fully 43% of America's net employment growth. [link]
The lower-wage occupations ... [account for] fully 43% of America's net employment growth.

And Obama talks about it like he's proud of it.

Instead of being ashamed.

The harsh reality?

There's no reason to think it's going to get any better.

We are rapidly becoming a nation of part-time minimum wage workers.  And welfare recipients.

How's that going to bring about a happy ending?

Four more years!  Four more years!  Four more ...

Step Back & Ponder

Question: Why do we pay federal taxes?

Silly question, right?

The government can't operate without revenue.

Right?

Or is it right?

No.  It's not right.

In truth, nearly forty percent of the money Washington is spending today it never received.

The rest?

Nothing but paper.

Oh.  And that "good faith and credit" stuff.

And a promise to someday make it good.

So, here's my question: If the federal government can spend 40% more than it takes in - and the government doesn't collapse - why not 100%?

Why do we have to pay taxes at all?

40%?  100%?

Why doesn't the federal government simply back up all its expenditures with that oh-so-confident assurance of its resolve - and a big smile - and not bother collecting anything from us?

What brought this up is an article in the Wall Street Journal this morning written by Bret Stephens, entitled "Liberal Exceptionalism."  In it he lays out the bottom line for fiscal discipline:

"Great nations may have greater grace periods, but they don't get blank checks. Bills come due."

The reality of it is, though, the bill isn't coming due.

It's never going to come due.

We just keep adding to the federal debt.  And play this game in which we all talk about how that debt is going to have to be paid ... someday.

But someday never comes.

And we keep spending money we don't have.

And keep wringing our hands over it.

And we keep talking about paying that debt ... paying that debt.

And spending ... spending.

Neat trick, huh?

The stuff that would make Bernie Madoff proud.

So where is this going to end?

Well, it's not.  But ...

Expect the government of the United States of America - in the not too distant future - to simply write down that debt.  And give the Chinese a big kiss when it happens.

We are the USA, after all.  We can do that kind of stuff.  We're fiscally responsible.  And all that.

Then expect the government to start the game all over again.

We'll wring our hands in woe as we spend massive amounts of money we don't have.

Like drunken sailors with someone else's credit card.

Sweet.   Count me in.

So tell me again: Why do the American people have to pay federal taxes?

To Put It Delicately

The U.S. Election is a Referendum on Civilization