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The rugged individual has a new post where he re scripts the famous Abbott - Costello "Whose On First?" routine.  This time with Obamanomics double speak.  Great explanation of the Obama difference between being "unemployed" and "out of work".  It's the difference between 8.1% unemployed and 16% "out of work". excerpt" "This past month the country added only 96,000 jobs but the unemployment rate dropped two tenths of a point (8.3% to 8.1%). How was that possible? Well, just listen to Abbott. A 0.2% decrease in the unemployment rate is, in fact, a rather hefty decrease. To accomplish that should have required closer to 250-300,000 new jobs (and that doesn't count that the population grew by 213,000 people). The computation that the public is fed, the unemployment rate, is the number that makes headlines. The reason the rate fell so dramatically is because 437,000 people gave up on looking for work. There are now 7.0 million people that have dropped out of the workforce, or 2.9% of the population, the highest of the Great Recession. Thus, the declines were largely the function of labor force withdrawal. Data confirm this suspicion: 195,000 went from employed to not in labor force, and 226,000 from unemployed to not in labor force, both very large numbers by historical standards. We are down 4.7 million jobs from the pre-recession peak. At less than 100,000 jobs added per month, it would take four more years just to get back to where we were five years ago. Which would not appreciably reduce the unemployment rate, due to the growth in population. Possibly even worse still is that in 1992, there was one person on disability for every 35 workers. It is now about one for every 16 workers. As of April we have added 5.4 million people to the disability rolls since the beginning of 2009. This is several million above the previous trend. There are now almost 9 million on disability. If disability had stayed at the pre-recession growth trend, unemployment would be at le

Like most concerned citizens, my inbox is overflowing with Tea Party - Libertarian - Conservative news and articles.  Lots of shrill tones and emotional angst, and there is no doubt in my mind that the socialists are trying to push this country into open rebellion and civil war.  It's the only way they get to totally discard the Constitution and Bill of Rights.   Sanity for me has become the study of our history, and the long hard march toward freedom and individual liberty our forefathers made.  The Patriot Post is one of the few publications I've found that can consistently link the socialist civil war and globalist events of the day to the cultural and historical legacy of that great march towards individual liberty and freedom.  This most recent article hit me between the eyes.  Maybe someday I'll understand why this kind of discussion shakes me to the core.  For now though, I hope you'll give it some consideration.  And like me try to stay calm in the midst of Benghazigate, Fast and Furious, ObamaCare and the incredible avalanche of daily assaults on our Constitution and the individual liberties that great document was designed to protect and defend. excerpt: "From the days of Woodrow Wilson to those of Barack Obama, and encompassing all the "progressives" in between, taxpayer-funded academic institutions have been the breeding ground for generations of socialists. For most leftists, the crucial years that cemented their worldview were the ones they spent in our nation's colleges and universities. Given that some substantial number of the adoring, bright-eyed beneficiaries of Obama's rhetoric have no concept of Essential Liberty and its antithesis, tyranny, let me take apart the selected excerpt of Obama's oration and provide those graduates with an introductory lesson in Liberty. After all, most of the class of 2013 will have plenty of time to contemplate this lesson, as more than half of college and university graduates entering the "Obamanomic

Thanks to Marbux we have this extraordinary collection of facts and figures describing the economic catastrophe that has hit the USA.  excerpt: "What a year 2012 has been!  The mainstream media continues to tell us what a "great job" the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.  It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening.  If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode.  Just "tweaking" things slightly is not going to fix our economy.  We need a fundamental change in direction.  Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic "adjustment" that America has ever gone through.  We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done.  Hopefully the crazy economic numbers that I have included in this article will be shocking enough to wake some people up. The end of the year is a time when people tend to gather with family and friends more than they do during the rest of the year.  Hopefully many of you will use the list below as a tool to help start some conversations about the coming economic collapse with your loved ones.  Sadly, most Americans still tend to doubt that we are heading into economic oblivion.  So if you have someone among your family and friends that believes that everything is going to be "just fine", just show them these numbers.  They are a good summary of the problems that the U

Barack Obama won the presidency in large measure because he presented himself as a demarcation point. The old politics, he said, was based on "spin," misleading arguments, and an absence of candor. He'd "turn the page" on that style of politics. Last week's presentation of his budget shows that hope was a mirage.

Far from suggesting limits on Congress or federal spending, the new President made clear in his first State of the Union address that he believes in government power as the answer to our current difficulties, and he intends to use it. ...... The political divide is over means, not ends, and on that score Mr. Obama is slowly revealing himself as a President who meant what he said going back to the primaries. He believes in the power of the state to drive prosperity, to reform the financial system and health care, and even to transform the entire energy economy. Mr. Obama said at one point that he didn't believe in government for its own sake, but his policy emphasis showed otherwise. ............. The political divide is over means, not ends, and on that score Mr. Obama is slowly revealing himself as a President who meant what he said going back to the primaries. He believes in the power of the state to drive prosperity, to reform the financial system and health care, and even to transform the entire energy economy. Mr. Obama said at one point that he didn't believe in government for its own sake, but his policy emphasis showed otherwise.

excerpts:  With a $3.83 trillion budget, a $12.3 trillion federal government debt, a $1.35 trillion 2010 budget deficit and $63 trillion in unfunded liabilities, the fiscal condition of the US has come into question and foreign interest in US Treasuries has declined.  In late March, it was reported that the 10-year US Treasury Note yield had risen 30 basis points and that foreign holders of 10-year Notes were selling in record numbers. It seems unlikely that direct bidders within the US can compensate indefinitely, or to an unlimited extent, for falling foreign demand.  Commenting on the ambitious spending plans of the US federal government, Zhu Min, Deputy Governor of the People's Bank of China said in December 2009 that "the world does not have so much money to buy more US Treasuries." It would certainly be unreasonable for the US federal government and Federal Reserve to assume that ambitious deficit spending and ongoing quantitative easing (QE) would have no cumulative impact on US Treasury auctions.  If there is a limit to foreign appetite for US debt, to foreign capacity to lend to the US, or to international tolerance for US dollar devaluation, the US government and Federal Reserve seem determined to find it. It seems unlikely that direct bidders within the US can compensate indefinitely, or to an unlimited extent, for falling foreign demand.  Commenting on the ambitious spending plans of the US federal government, Zhu Min, Deputy Governor of the People's Bank of China said in December 2009 that "the world does not have so much money to buy more US Treasuries." It would certainly be unreasonable for the US federal government and Federal Reserve to assume that ambitious deficit spending and ongoing quantitative easing (QE) would have no cumulative impact on US Treasury auctions.  If there is a limit to foreign appetite for US debt, to foreign capacity to lend to the US, or to international tolerance for US dollar devaluation, the US government and Feder