An Ol' Broad's Ramblings
Archive for 13 June 2012
Obama’s public sector full employment plan
by Ann Coulter
Last week, President Obama said “the private sector is doing fine.” This was not reassuring to those of us who suspect the Democrats haven’t the first idea what “private sector” means.
He did not help matters by becoming lachrymose over the suffering of public sector employees: “Where we’re seeing weaknesses in our economy have to do with state and local government. … And so, if Republicans want to be helpful, if they really want to move forward and put people back to work, what they should be thinking about is, how do we help state and local governments …”
When Democrats say the public sector is suffering, they mean public sector employees have half the unemployment rate of the rest of the country — 4.2 percent compared to 8.2 percent.
If you are a Bible believing Christian, if you believe the words in the Tanuch are God inspired, you can NOT support Barack Hussein Obama!
A young lady in Arizona has put it so eloquently, read her words. They are Truth. Like it or not, we have let the left define us, and now, it’s time to set the record straight! We, as Christians, and Jews, do NOT have to like people like Obama. We don’t have to be nice to them. We do NOT, can NOT, condone evil. And that’s what it is…..evil.
She hits on just one subject, but I have no doubt, she could have continued with the other subjects, and done the job quite well.
Please….tell us something we didn’t already know! At least, those of us who were actually paying attention!
Auto Bailout Was Really Just a UAW Bailout
President Obama told the United Auto Workers (UAW) in February not to listen to critics of the auto bailout who said union members “made out like bandits—that saving the auto industry was just about paying back the unions.” “Really?” Obama said. “I mean, even by the standards of this town [Washington], that’s a load of you-know-what.”
New research from Heritage labor economist James Sherk proves that it was, in fact, a load of truth.
The Treasury Department estimates that taxpayers will lose $23 billion on the auto bailout. Sherk and co-author Todd Zywicki find that none of these losses came from saving jobs, but instead went to prop up the compensation of some of the most highly paid workers in America. They write:
We estimate that the Administration redistributed $26.5 billion more to the UAW than it would have received had it been treated as it usually would in bankruptcy proceedings. Taxpayers lost between $20 billion and $23 billion on the auto programs. Thus, the entire loss to the taxpayers from the auto bailout comes from the funds diverted to the UAW.
The Obama campaign is touting the bailout in Michigan this week, crowing about saved-or-created jobs. What the bailout actually saved was the UAW’s heavily padded compensation packages; what it created was a massive taxpayer loss.