Awesomely Awesome News! Awesomely Awesome Obama Plans An Awesomely Awesome "Pivot" To Awesomely Awesome Jobs For The Awesomely Awesome 15th Time!

 M2RB (EXPLICIT LANGUAGE WARNING!)

 But, I'm awesome!
No, you're not, dude.  Don't lie.

I'm awesome!
I drive around in my mom's ride.
I'm awesome!

NOW – AUGUST 2011: Politico’s Playbook: “DEMS PLAN PIVOT TO JOBS.” (Mike Allen, “DEMS PLAN PIVOT TO JOBS: Transportation, Infrastructure, Tax Breaks On Fall Agenda,” Politico’s “Playbook”, 8/2/11)

THEN – DECEMBER 2009: Politico’s Playbook: “SIREN: White House Plans 'Very Hard Pivot To Jobs' Next Month.” (Mike Allen, “SIREN: White House Plans 'Very Hard Pivot To Jobs' Next Month -- Will Be 'Prescriptive',” Politico’s “Playbook”, 12/23/09)

11/2/09:  President Obama Said That The Economy Was His “Overriding Focus.” “This is my administration's overriding focus.  Having brought the economy back from the brink, the question is how are we going to make sure that people are getting back to work and able to support their families.” (President Barack Obama, “Remarks By The President During The Meeting Of The President's Economic Recovery Advisory Board,” The White House, 11/2/09)

12/23/09: “SIREN: White House Plans 'Very Hard Pivot To Jobs' Next Month.” (Mike Allen, “SIREN: White House Plans 'Very Hard Pivot To Jobs' Next Month -- Will Be 'Prescriptive',” Politico’s “Playbook”, 12/23/09)

1/14/10: Obama Says He Will “Have A Sustained And Relentless Focus Over The Next Several Months On Accelerating The Pace Of Job Creation, Because That’s Priority Number One.” (President Barack Obama, Remarks At The House Democratic Caucus Retreat, Washington, DC 1/14/10)

1/28/10: Obama Told Town Hall In Tampa, Florida That “Creating Jobs Has To Be Our Number One Priority In 2010.” (President Barack Obama, Remarks At Town Hall Meeting, Tampa, FL, 1/28/10)

1/29/10: Obama Told Congressional Republicans That Americans “Want Us To Focus On Their Job Security.” (President Barack Obama, Remarks At GOP House Issues Conference, Baltimore, MD, 1/29/10) 

-By March, The New York Times Asked “Whatever Happened To That Shift From Health Care To The Economy?” “By the time March arrived, President Obama was supposed to be entering his third month of the year talking about three things: jobs, jobs, jobs. … So whatever happened to that shift from health care to the economy?” (Jeff Zeleny, “A Plan To Talk About Jobs, Elbowed Aside By Health Care,” The New York Times, 3/2/10)

3/17/10: Sen. Charles Schumer (D-NY): “Congress Is Focusing On What The American People Want Us To Focus On, Which Is Jobs, Jobs, Jobs.” (Brian Faler, “Tax Break For New Hires Clear Congress In Jobs Bill,” Bloomberg, 3/17/10)

4/27/10: "Obama To Focus On Jobs, Rural Economy In Two-Day Midwest Trip." (Roger Runningen, "Obama To Focus On Jobs, Rural Economy In Two-Day Midwest Trip," Bloomberg, 4/27/10) 

-“President Barack Obama Embarks On A Two-Day, Campaign-Style Swing Through The Rural Midwest Today To Talk About The U.S. Economy And Jobs As He Turns Attention To What Will Be A Top Issue In The November Midterm Elections.”  (Roger Runningen, "Obama To Focus On Jobs, Rural Economy In Two-Day Midwest Trip," Bloomberg, 4/27/10)

5/18/10: "Democrats Shifting Focus Back To Jobs Creation.” (Jackie Calmes, "Democrats Shifting Focus Back To Jobs Creation," The New York Times, 5/18/10) 

- “A Year That Democrats Decreed Would Be About ‘Jobs, Jobs, Jobs’ Has Produced A Far Different Check List.” “A year that Democrats decreed would be about ‘jobs, jobs, jobs’ has produced a far different check list as its sixth month nears: health care, financial regulation, energy, a nuclear arms treaty and a Supreme Court vacancy, as well as investigations into a mine accident, a calamitous oil spill, a failed terrorist attack in Times Square and alleged Wall Street fraud... They hope to change that starting this week.” (Jackie Calmes, "Democrats Shifting Focus Back To Jobs Creation," The New York Times, 5/18/10)

6/17/10: The Obama Administration Kicks Off “Recovery Summer … A Six-Week Long Push Designed To Highlight The Jobs Accompanying A Surge In Stimulus-Funded Projects.” “Vice President Joe Biden today will kick off the Obama administration’s ‘Recovery Summer,’ a six-week-long push designed to highlight the jobs accompanying a surge in stimulus-funded projects to improve highways, parks, drinking water and other public works.” (Mike Allen, “Obama, Biden Declare ‘Recovery Summer’,” Politico, 6/17/10)

7/12/10: Sen. Harry Reid (D-NV): “This Work Period, Like Every Work Period, Will Be About Jobs: How To Create Them, How To Save Them …” (Sen. Harry Reid, Floor Remarks, 7/12/10) 

8/25/10: MSNBC’s Chuck Todd: “I Have To Say These Housing Numbers, This Entire Summer, Remember It Began – The Administration Called It ‘Recovery Summer.’ Every Economic Indicator Has Collapsed In The Last Two Months.” (MSNBC, “The Daily Rundown,” 8/25/10)

9/8/10: Obama Launches A “Hail-Mary Pass To Stimulate The Economy And Create New Jobs.” “Facing a grim unemployment picture and potentially disastrous mid-term elections for Democrats, President Obama is launching the political equivalent of a hail-Mary pass to stimulate the economy and create new jobs.” (Editorial, “Desperately Seeking Jobs,” The Miami Herald, 9/8/10) 

- “Voters Are Entitled To Ask Why The Administration Has Waited So Long To Focus On Job Creation …” “Voters are entitled to ask why the administration has waited so long to focus on job creation (beyond government jobs). By doing so very late in the game, it suggests that Mr. Obama is desperate to find solutions for an economic stimulus plan that failed.” (Editorial, “Desperately Seeking Jobs,” The Miami Herald, 9/8/10)

12/22/10: President Obama Said “We Now Have To Pivot And Focus On Jobs And Growth.” (President Barack Obama, News Conference, Washington D.C., 12/22/10)

- Obama Added That “Making A Dent In The Unemployment Rate” Was His “Singular Focus.” “And my singular focus over the next two years is not rescuing the economy from potential disaster, but rather jumpstarting the economy so that we actually start making a dent in the unemployment rate and we are equipping ourselves so that we can compete in the 21st century.” (President Barack Obama, News Conference, Washington D.C., 12/22/10)

1/31/11: “The White House Has Quickly Pivoted To Jobs After The President’s State Of The Union.” “Turning to domestic politics, the White House has quickly pivoted to jobs after the president’s State of the Union -- even if it’s being overshadowed by the situation in Egypt.” (“First Thoughts: Balancing Act,” NBC News’ “First Read,” 1/31/11)

4/1/11: “Obama’s Day: Turning Back To Jobs … President Obama Returns Today To What He Calls His Top Priority: Jobs.” “Though his presidential hours have been crowded by Libya, Japan and other foreign policy challenges, President Obama returns today to what he calls his top priority: jobs.” (David Jackson, “Obama’s Day: Turning Back To Jobs,” USA Today, 4/1/11)

8/2/11: “OBAMA AND SENATE DEMS PLAN PIVOT TO JOBS: Senate Democrats hope they now have ‘checked the box’ on debt reduction and can move to an agenda focused on job creation and economic growth, through a combination of spending and tax cuts.” (Mike Allen, “DEMS PLAN PIVOT TO JOBS: Transportation, Infrastructure, Tax Breaks On Fall Agenda,” Politico’s “Playbook”, 8/2/11)

CHANCES ARE, THAT LIKE THE OTHER PIVOTS, OBAMA WILL BE MORE FOCUSED ON SAVING HIS OWN JOB RATHER THAN CREATING ANY FOR AMERICA

- "The White House In 2009 “Assumed A Recovery Was Under Way” And So Fixing The Economy Was “No Longer Their Top Priority.” “Today, that brief period of optimism looks like one of the worst things that could have happened to the White House, other Democrats and, above all, the economy. The nascent recovery removed the urgency that the Obama administration and Democratic senators felt in early 2009. They still favored more action, like aid to states and tax cuts, but it was no longer their top priority. They assumed a recovery was under way.” (David Leonhardt, “Job Losses Outweigh Administration’s Successes,” The New York Times, 10/26/10)

Former Rep. Jane Harman (D-CA) Said That ObamaCare Was A Distraction From The “Jobs Problem.” “I agree with that and I think it was an important thing to do but it had a huge cost as it spun out. Because first of all, it was… it sopped up all the brain cells for a year while other problems festered. And I think, I don’t know that we would be farther along with the jobs problem but it is the huge problem and it’s going to be the motivator for a lot of voters in 2012. That was one and two I think because the product was partisan, its acceptance, and Vin’s right, it’s being challenged everywhere has been very tough.” (Former Rep. Jane Harman, Remarks At The Aspen Ideas Festival, Aspen, CO, 6/28/11) 

- Sen. Jim Webb (D-VA) Said White House Pushed Health Care And Climate Change Legislation When They Should Have Been Focused On Jobs. “He said the ‘momentum of the campaign’ convinced the White House to move forward with health care and climate change legislation when jobs should have been their priority. Also, putting forth a health care proposal without much guidance to Congress complicated life for senators quite significantly, he said. ‘This health care reform debate was bubbling up through five different committees without this specific legislative framework,’ he said.” (Marc Ambinder, “Webb: Obama Had Wrong Focus In The Beginning,” The Atlantic, 10/1/10) 

- President Obama’s “Lack Of A Laser-Like Focus” On The Economy Gave Democrats “Cause For Concern.” “The economy, and Obama's lack of a laser-like focus on the issue, has given some Dems in competitive districts cause for concern. ‘The economy is the biggest issue for voters and for most candidates,’ said Maura Dougherty, a Dem consultant who represents a significant number of clients facing tough re-elections. ‘To have the White House talking about something else is not helpful.’” (Jeremy P. Jacobs, “Obama Struggling To Find Footing On Economy,” Hotline’s On Call Blog, 8/30/10)

 Awesomely Awesome, Supercalifragilisticexpialidocious!!!

I'm Awesome - Spose

Uh, and my unibrow is plucked
Just asked my mom if I could borrow ten bucks
She's like "For what?
Blunt wraps and some Heineken?
You skinny prick, go get a gym membership and vitamins!"
I'm like, Mom please, don't blame it on me
I got my bad habits from you, Dad, and Aunt Steve
My attitude's sour but my futon's sweet,
And the hair on my ass, it is Jumanji

Suit untailored, ringtone Taylor Swift
Can't tweet up on my Twitter
Cuz I haven't done shit
Bank account red, body ungroomed
The only thing good about me is I'm off stage soon

you homo_sulli
I'm awesome!
No you're not, dude don't lie
I'm awesome!
I drive around in my mom's ride
I'm awesome!
A quarter of my life gone by
And I met all my friends online
motherfucker I'm awesome!
I will run away from a brawl
I'm awesome!
There's no voicemail, nobody called
I'm awesome!
I can't afford to buy eight balls
And I talk to myself on my Facebook wall
I'm awesome

Futhermore I'm cornier than Ethynol
Cheesier than Provolone
I spent ages eight to ten living in a motor home
With an ego the size of Tim Duncan
Even though I got shit for brains like a blumpkin
I'm twenty four, serving lobster rolls
Because I spent a decade filling optimos
And I'm not even the bomb in Maine
On my game I'm only about as sexy as John McCain
Now put your hands up,
If you have nightmares
If you wouldn't man up if there was a fight here
If you got dandruff, if you drink light beer
I'm outta breath...

But I'm awesome!
No you're not, dude don't lie
I'm awesome!
I drive around in my mom's ride
I'm awesome!
A quarter of my life gone by
And I met all my friends online
motherfucker I'm awesome!
I will run away from a brawl
I'm awesome!
There's no voicemail, nobody called
I'm awesome!
I can't afford to buy eight balls
And I talk to myself on my Facebook wall
I'm awesome

Reagan Must Have Been Black & Tip O'Neil Must Have Wanted Him Hanging From Trees Or Something....

MSM meme:  "In UNPRECEDENTED move, Republicans refuse to allow President Obama to speak before a Joint Session Of Congress (because he's black and they want to destroy him because he's an uppity 'n******')."

Remember when Tip O’Neill rejected Reagan’s request to address a Joint Session of Congress in the House?

James Freeman does.

The June 24, 1986, edition of The Wall Street Journal featured a story headlined, “President’s Bid to Address the House On Nicaragua Is Rejected by Speaker.” That’s right, no quibbling over the date and time, just a flat-out rejection.

http://online.wsj.com/article/...

Maybe, it was the colour of his skin????

Oh, wait.....

Well, they were both Irish...

Maybe, it was because O'Neill was Catholic and Reagan was Protestant.  Yes, that HAS to be it.

The Forgotten Depression of the 20th Century

Most people have never heard of the Depression of January, 1920 - July, 1921.  There is a reason for this:  Unlike the Hoover-FDR "Great" Depression," which lasted from 1929 until World War II (and was predicted by many economists, politicians, and intellectuals to return following the war) and saw enormous amounts of Keynesian spending, Harding and Coolidge took the exact opposite approach.  They disproved the whole notion of Keynesianism and, for that reason, they must be erased from history.

* The 1920s started with extremely high tax rates and an economic depression.

* Tax rates were massively increased in 1917 on all income levels.

* 1918 saw another increase in all rates.

* Real GNP fell every year from 1919 to 1921 with a total fall of 16% over that three-year period.

* GNP declined 6.9%.

* 18% deflation.

* Wholesale prices fell by 36.8% (the worst since the Revolutionary War and worse than any year during the Great Depression).

* Unemployment spiked to 11.7%.

* The stock market fell by 47%.

* Business bankruptcies tripled.

* Business profits fell by 75%.

* Automobile production declined by 60%.

* Total industrial production declined by 30%.

To get the economy back on track and usher in a new era of prosperity, HARDING AND COOLIDGE CUT TAXES (Revenue Acts of 1921, 1924, and 1926).

To understand the potential revenue and economic effects of tax cuts, history is a extremely useful guide.  We can start by examining the effects of the 1920s tax rate cuts engineered by Treasury Secretary Mellon under Presidents Harding and Coolidge.

After five years of very high tax rates, rates were cut sharply under the Revenue Acts of 1921, 1924, and 1926. The combined top marginal normal and surtax rate fell from 73% to 58% in 1922, and then to 50% in 1923 (income over 200,000 dollars). In 1924, the top tax rate fell to 46% (income over 500,000 dollars). The top rate was just 25% (income over 100,000 dollars) from 1925 to 1928, and then fell to 24% in 1929.

Income Tax Receipts (millions)

Income…………………...1920……..……1922……..……1924……..……1926……..……1928….

5,000…………………..…..166……............96……….…….48………..……13……....……..13.…

5,000-10,000……………....98…………...…70……………..29…….…….…20……………...23.…

10,000-25,000………...….172………….…124…………..…78…………..…72………...……83….

25,000-100,000…….........318…….………270…………...246……..…..…254…….………331.…

100,000…………......…….321………….…302…….……..304……..……..373……….…...714.…

TOTAL……….…………..1,075…….………861……...……704……..……..732………….1,164....

Share of Total Income Taxes

Income…………………...1920……..……1922……..……1924……..……1926……..……1928….

Under 5,000……..……..15.4%.............11.1%..............6.8%...............1.8%..............1.1%....

5,000-10,000………...….9.1%...............8.1%..............4.1%...............2.7%..............2.0%....

10,000-25,000……....…16.0%.............14.4%............11.1%...............9.8%..............7.1%....

25,000-100,000….....…29.6%.............31.4%............34.9%.............34.7%.............28.4%....

Above100,000….....…..29.9%.............35.1%............43.2%.............51.0%.............61.3%....

Source:  US Department of Treasury, “Statistics of Income,” annual 1920 through 1928.

Following the tax cuts, the US economy grew rapidly in the 1920s.  The GNP averaged 7% from 1924 to 1929. Wages, profits, and productivity all made substantial gains during the 1920's.   Between 1922 and 1929, real GNP grew at an annualised rate of 4.7% and the unemployment rate fell from 6.7% to 3.2%. 

All boats were lifted.  Total income grew for many more people, who became more prosperous.  Between 1922 and 1928, the average income for those earning more than 100,000 increased by 15%, but the number of “rich” quadrupled.  In the same period, the number of taxpayers earning between 10,000 dollars and 100,000 dollars increased by a staggering 84% and the number of taxpayers reporting income of less than 10,000 dollars fell.

The 1920s started with extremely high tax rates and an economic depression.  Tax rates were massively increased in 1917 on all income levels.  1918 saw another increase in all rates.  Real GNP fell every year from 1919 to 1921 with a total fall of 16% over that three-year period.  As tax rates were decreased in the mid-twenties, tax revenues increased.

But tax rates are only part of the story.  Tax cuts increase revenue.  Spending more than total tax receipts will always lead to deficits.  Harding and Coolidge understood that government spending retards growth.  In 1920, Federal spending was 6.3 billion dollars.  Harding cut spending to 5 billion in 1920 and 3.2 billion in 1922.  

I have an idea. Why don't we compare the Depression of the early 1920s with the Depression of the early 1930s? 

I'll play for the Harding/Coolidge Team and, Progs, you can play for the Hoover/FDR Team.   Let's see who will fare better:

For the Harding/Coolidge Team:

* The combined top marginal normal and surtax rate fell from 73% to 58% in 1922, and then to 50% in 1923 (income over 200,000 dollars).

* In 1924, the top tax rate fell to 46% (income over 500,000 dollars).

* The top rate was just 25% (income over 100,000 dollars) from 1925 to 1928, and then fell to 24% in 1929.

* The GNP averaged 7% from 1924 to 1929.

* Between 1922 and 1929, real GNP grew at an annualised rate of 4.7% and the unemployment rate fell from 6.7% to 3.2%.

* Between 1922 and 1928, the average income for those earning more than 100,000 increased by 15%, but the number of “rich” quadrupled.

* In the same period, the number of taxpayers earning between 10,000 dollars and 100,000 dollars increased by a staggering 84% and the number of taxpayers reporting income of less than 10,000 dollars fell.

* Unemployment fell by more than 50% and by 1923, unemployment was 2.4%.

* But tax rates are only part of the story. Tax cuts increase revenue. Spending more than total tax receipts will always lead to deficits.

* Harding and Coolidge understood that government spending retards growth.

* Harding cut spending, which was 6.3 billion in 1920, to 3.2 billion in 1922.

* In 1920, the national debt was $25,952,456,406.16.

* In 1928, the national debt was $17,604,293,201.43.

* Even though tax rates were cut, the national debt decreased by $8,348,163,204.73 or 47.42%.

* Income increased, especially for the lowest tax brackets.

Your turn...

Paul: See No Newsletters. Write No Newsletters. Read No Newsletters. Part Deux. II

“I’ve been told not to talk, but these stooges don’t scare me. Threats or no threats, I’ve laid bare the coming race war in our big cities. The federal-homosexual cover-up on AIDS (my training as a physician helps me see through this one.) The Bohemian-Grove—perverted, pagan playground of the powerful. Skull & Bones: the demonic fraternity that includes George Bush and leftist Senator John Kerry, Congress’s Mr. New Money. The Israeli lobby, which plays Congress like a cheap harmonica. And the Soviet-style “smartcard” the Justice Department has in mind for you.”

- Ron Paul

(Source: paxamericana)



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