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Some vids worth seeing

Posted by Jeff (ILoveCapitalism) at 9:53 pm - July 10, 2016.
Filed under: Racism (Real / Reverse / or Faux)

I was already drafting this post when we were graced by the presence of Emily from V the K’s “Leftsplaining” post. She says,

What I’m advocating for is to *listen* to what black people have to say about racism. This information can be extremely challenging but it’s a necessary perspective if you ever want to think critically about racism instead of simply amplifying your own feelings in an echo chamber forever.

Excellent. Emily, this post has now been re-purposed for you. Let’s *listen* now and let our ideas be challenged, shall we?

This black person says that ALL lives matter. (What a concept, huh? #AllLivesMatter, that’s a movement I could get into.)

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A couple more. This black person discusses the connections between slavery, racism, income gaps, and the plight of African-American families:

(more…)

Compare and Contrast

Barack Obama on Micah X. Johnson:

“I think it’s very hard to untangle the motives of this shooter,” Mr. Obama said of the gunman, Micah X. Johnson. “By definition if you shoot people who pose no threat to you, you have a troubled mind.”

Barack Obama on Dylan Roof.

“The fact that this took place in a black church obviously also raises questions about a dark part of our history. This is not the first time that black churches have been attacked. And we know that hatred across races and faiths pose a particular threat to our democracy and our ideals.”

Conclusion: Barack Obama can read minds, but only those of white racists.

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Also, Ace links to this interview where a pair of #BlackLivesMatter activists were asked, “What do you want from white people?” The question is met first with awkward silence, and then with an obvious attempt to change the subject. To the question, “What actual racism have you suffered in your life,” the BLM activist can only come up with her boss suggesting her hairstyle was not professional. Not exactly Bull Connor with a firehose.

The Obamacomony

The size of the U.S. deficit isn’t the only thing they lie about. Unemployment is another.

Last week, The New York Times trumpeted, Jobs Roar Back With Gain of 287,000 in June, Easing Worry, with the official unemployment rate at 4.9%. Isn’t it wonderful?

“Wow, this one takes my breath away,” said Diane Swonk, an independent economist in Chicago.

Ooh, she’s “independent” – that makes her reaction valid! But here’s the real story.

  • The same jobs report has downward-revised the previous months’ numbers (from bad to horrible).
  • In the Bush years, the media would treat a jobs number in the 200k range as a crisis.
  • The Obama so-called “recovery” is the Weakest. On. Record.
  • Most of the jobs created in the Obama years, including the recent jobs report, are part-time and low-paying.
  • In the Obama years, tens of millions of Americans have given up even hoping for a job. “Labor force participation” has plummeted to lows not seen since the 1970s.
  • If we use the participation rate from early 2009 when Obama took office, the unemployment rate is 11%. (And that’s ignoring under-employment / the part-time jobs.)
  • And no, the declining participation isn’t because “the Baby Boomers are retiring”. They’re not retiring. Under Obama, they can’t afford it. They’ve been coming out of retirement, to take those low-paying, part-time Obamajobs from young people.
  • Young people face a crisis; many can’t get an entry-level job.

Perhaps this is why President Obama has the highest U.S. suicide rate in 30 years.

Deficit update

First, let’s do a National Debt update. You’ll see why, in a minute.

As of this day, the U.S. national debt is $19.3 trillion. ($13.9 trillion held by the public; $5.4 trillion “intragovernmental”, for example, Treasury bonds held by Social Security.)

When President Obama took over from President Bush, it was $10.6 trillion. ($6.3 trillion held by the public; $4.3 intragovernmental)

So, Obama has already more-than-doubled the part of the U.S. national debt that everyone agrees is important (what’s “held by the public”). And he’s on track to double the total, by the time he leaves office.

But there’s more. On this day 3 years ago, the total was $16.7 trillion. So, over the past 3 years, the U.S. operating deficit – the money that the U.S. Treasury actually had to borrow to pay for stuff – has been $2.6 trillion, or roughly $865 billion per year.

That’s funny because the three most recent U.S. budget deficits are supposed to be much smaller. 2014 – $483 billion, 2015 – $438 billion, 2016 – $616 billion; for a total of $1.5 trillion. (September-ending fiscal year means a 2-3 month shift from the dates I used above; but that does not alter the story drastically.)

What does it mean? It means they’re lying to us about the size of the U.S. budget deficit. And they’ve been lying for years, as I’ve blogged previously.

Oh, you could say “Come now, the accounting numbers are accurate, they’re just using some budget/accounting tricks to hide a big chunk of their spending-and-borrowing.” But I consider tricks to be lies. Don’t you?

According to left-wingers like MSNBC and Rachel Maddow, or even the Dear Leader Himself, His Dear Leadership has reduced the U.S. annual budget deficit by 2/3. No, pumpkins. It hasn’t. You lie.