Foodstamps Surge to All Time High, Biggest One Month Growth Ever Recorded

-By Warner Todd Huston

The Obama administration has finally released its report on the number of Americans on foodstamps. This report was released nine days past its traditional release date and just coincidentally days after the election. Shockingly, those numbers show that Americans on foodstamps is at an all time high. Worse the report shows the highest one month jump ever.

You may recall that just before the election, the Obama administration announced that Hurricane Sandy was going to delay the release of October’s jobless numbers. Many watchers of politics were suspicious about the possible delay in the release of October’s unemployment figures since the proper release date was to come just before the presidential election. While the unemployment report was ultimately released on schedule and before the election, now we find out about another report, the foostamp report, delayed for nine days after its traditional release date. This report was also supposed to have been released before the election.

This report is devastating, so maybe we now know why it was delayed?
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Foodstamps Surge to All Time High, Biggest One Month Growth Ever Recorded”


Papa John’s Pizza to Cut Worker’s Hours Due to Obamacare

-By Warner Todd Huston

John Schnatter, CEO of the Papa John’s pizza chain, has announced that now that President Obama has been re-elected and it is obvious that Obamacare is here to stay, he will likely be forced to cut back worker’s hours because of the cost of the federal government’s take over of our national healthcare.

Provisions of Obamacare state that workers that work 30 hours a week or more will be automatically considered full time and must then be included in their company’s healthcare insurance program. Common practice currently maintains that the eligibility threshold for health insurance is a 40-hour work week, so this will cost businesses exponentially more for workers that work over 30 hours a week. The higher cost associated with this change is forcing many businesses, especially those in the food service industry, to consider limiting workers to less than 30 hours a week.

In essence, implementation of Obamacare will cut the weekly take home pay of millions of low wage workers by forcing companies to cut worker’s hours.
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Papa John’s Pizza to Cut Worker’s Hours Due to Obamacare”


CNBC: We’re Probably Headed to Another Recession… NOW They Tell Us?

-By Warner Todd Huston

Two days after the election, CNBC published a dour report on the economy. Shockingly, CNBC is predicting that the U.S. economy is likely headed for another recession.

CNBC so helpfully tells us that, now that the election is behind us, the light in our economic tunnel could be a “freight train.” Gee, it sure would have been nice to know that before the election, wouldn’t it?

Slowing corporate profits, the remnants of Superstorm Sandy and the ramifications of the “fiscal cliff” in Washington are expected to result in at least two quarters of slow or no growth that could make investing even trickier than it was during the ups and downs of 2012.

But that isn’t all. The bigger problem we are now told, is that the economy never achieved “escape velocity” in order to get past the low growth rate we have been experiencing.

The economy, CNBC says, never got to the point where we’ve had enough growth to withstand the sort of shocks that a Hurricane Sandy or a continued or renewed bad business climate would wreck upon it.

Obama didn’t fix a thing, it turns out.
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CNBC: We’re Probably Headed to Another Recession… NOW They Tell Us?”


(VIDEO) Fiscal Cliff: Unless we Act, We Are About to See an American Collapse

What is the fiscal cliff? And how does the fiscal cliff affect you?

Warning: Illinois is America’s future unless there’s a dramatic turnaround. We now have Democratic super majorities in both houses and the Governor’s mansion. We are the worst state in the nation in unpaid pension debt with a recent 67 percent income tax hike.

Video courtesy of Turning Point USA.


Washington Post Jubilant at ‘Oct. Job Growth’ Then Says ‘Unemployment Rate Flat’

-By Warner Todd Huston

Just before Election Day, the Washington Post is super excited about all that “job growth” for October. Yet the paper goes on to note that the “unemployment rate is flat.” So, which is it, Washington Post? Are we to be jubilant that there was job growth in October, or is the unemployment rate flat?

Regardless, the Post tries to have it both ways as it gives Obama cover even as it ultimately notes that there really wasn’t much improvement in jobless figures for October. In fact, the Post almost admits that its report is intended to help Obama right in its first paragraph.

The U.S. jobs market in October sustained its slow trudge toward better times, the government reported on Friday, in the last major report card on the economy before the presidential election.

Ah, that “slow trudge toward better times.” But is it? Despite all the happy talk sprinkled through the article, the Post is forced to note that much of this “good news” is closer to treading water as opposed to any “slow trudge toward better times.”

For instance, the Post notes that the unemployment figures remained “essentially unchanged” and didn’t really get much better because more people are now putting themselves back in the job market. So, new jobs didn’t really keep pace with the number of job seekers.
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Washington Post Jubilant at ‘Oct. Job Growth’ Then Says ‘Unemployment Rate Flat’”


Jonathan Chait, NY Magazine: Obama The Best Prez Evah!

-By Warner Todd Huston

Jonathan Chait has made his choice for 2012. Unsurprisingly, it’s Obama. But wait, there’s more. Chait decided to tell us exactly why he chose Obama in a recent column for New York Magazine and his reasons makes his endorsement one of the great howlers of the year. Chait tells us that Obama is one of the greatest presidents of all time. “Yes, Great,” he reiterates.

To start with, Chait distances himself from the hopey-changie set saying that even though he was one of Obama’s earliest supporters he was never one of those mind-numbed Obamabots that thought Obama was a messiah that would “change everything.” Chait is no fool, see?

But, despite that he claimed not to be an Obama zombie, Chait goes on to make it appear that he did, indeed, fall for all the rhetoric because in reviewing the last four years, Mr. Chait sees nothing but great success from President Obama.

“Obama’s résumé of accomplishments is broad and deep, running the gamut from economic to social to foreign policy,” Chait assures us before launching into a dubious assessment of all those “accomplishments.”

Chait’s column is quite long, so I wont go into every claim he makes, but there are a few that are just blatant for the rose colored glasses Chait seems to be wearing while writing his column.

For one, Chait feels that Obama’s banking “reforms” were somehow middle of the road efforts, neither left nor right. He praised Obama for taking ideas off “think-tank shelves” and in a “frenetic burst of activity” he “made many of them happen all at once.”
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Jonathan Chait, NY Magazine: Obama The Best Prez Evah!”


NYTimes: Bush GDP a ‘Let Down,’ Obama’s Worse GDP a ‘Steady Improvement’

-By Warner Todd Huston

James Taranto of The Wall Street Journal did yeoman’s work showing us a perfect example of the abject bias of The New York Times by highlighting the way the “paper of record” ripped Bush’s Gross National Product report while putting a happy face on Obama’s even worse report.

In his October 30 Best of the Web column, Taranto dug up a 1992 Times report that called George H. W. Bush’s GDP of 2.7 percent a “Gross National Letdown.”

In 1992, The Times carped that the 2.7 percent GDP was not encouraging and scolded President Bush for having a smile about his report, even though it was twice the previous report’s growth rate. Naturally, The Times then wanted a stimulus package big enough to “matter” for further growth.

In all, The Times felt George H. W. Bush was more or less a failure and its down-in-the-mouth editorial was suitably hectoring of the elder Bush.

Ah, but Obama is the light bringer. Taranto noted that this year’s Times editorial was far more upbeat for a far worse GDP report.
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NYTimes: Bush GDP a ‘Let Down,’ Obama’s Worse GDP a ‘Steady Improvement’”


Yale University Economic Model Gives Election to Romney

-By Warner Todd Huston

Based on his economic election model, Yale University economist Ray Fair predicts that GOP nominee Mitt Romney will pull out a sparse victory in November.

Fair’s model successfully predicts the winners of every election but two since 1916. The two, the 1960 election of John Kennedy and the 1992 election of Bill Clinton, are the only ones his economics-based electoral prediction model gets wrong.

Fair uses several economic indicators in his model to determine winners. Those factors include the per capita growth rate of the gross domestic product, inflation, and the number of quarters that the GDP grew more than 3.2% during the incumbent’s term.

But even Fair’s model predicts a race that is within his margin of error. Obama could still pull this out despite an economy that argues against his re-election.
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Yale University Economic Model Gives Election to Romney”


Obama Pays Off Chicago and County $100 Million a Year Federal Waiver

-By Warner Todd Huston

It must be nice to have friends in high places! Ask Cook County, Illinois Board President Toni Preckwinkle who just reaped a huge back room payoff from Da Prez in Washington.

In the best Chicago-style politics, the White House quietly awarded Cook County a $100,000,000 per year pay off via new Medicaid “waivers.”

For those unaware, Cook County is the home of Chicago, the most corrupt city, in the most corrupt county, in the most corrupt state in the union. It is also the home of President Barack “Scarface” Obama.

Over the past weekend the Obama administration approved a request by Cook County to give the county $100 million a year to care for indigents that come to its hospitals for care.

That’s $100 million in federal tax dollars going right into the county’s pockets.
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Obama Pays Off Chicago and County $100 Million a Year Federal Waiver”


Obama Unhappy Global Warming Was Missed at Debates

-By Warner Todd Huston

Obama has for the most part stayed away from the subject of global warming during his campaign for re-election. The President has only infrequently broached the subject on the campaign trail, but on Friday, October 26, in an interview with MTV, Obama delved into climate change more than at any other time to date during the campaign.

The President told MTV that he was “surprised” that global warming didn’t come up during the debates and warned that “we’re not moving as fast as we need to” in order to head off the problems he perceives will soon befall the planet.

Obama said global warming is a “critical issue” and that the subject presents a “huge contrast” between himself and GOP nominee Mitt Romney. “I am surprised it didn’t come up in one of the debates,” the President said.

As The Hill notes, however, even as the President assured the MTV audience that he felt the issue was important and that he wanted to talk about the subject during the debates, he never took the time to mention the issue himself during his encounters with Romney.
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Obama Unhappy Global Warming Was Missed at Debates”


Leaked DOE Emails Expose White House Cronyism

Internal emails leaked from the Department of Energy to CompleteColorado.com conflict with the President’s claim to Kyle Clark of KUSA on October 26th decisions on failed green energy loans were insulated from politics and the influence of the White House.


Looking Back: Jobs Down, Poverty Up Over Last Four Years‏

From the office of Rep. Peter Roskam (R, Illinois 6th District)…

This week, I’d like to share a chart with you that details the national decline in employment and prosperity the United States has experienced since 2008. In the last four years, the number of Americans out of work, living in poverty, and receiving food stamps has grown at an alarming rate.

The numbers are stark: the policies of the last four years have not worked, but the good news is this does not have to be the “new normal.” The House has passed multiple bills to create an environment where small businesses can grow and hire, and our economy can get back on track.


Click on image to see larger version

Chart from: U.S. House of Representatives Committee on Ways and Means

Sources: Department of Labor payroll and household surveys; Census Bureau poverty data; HHS TANFdata; Social Security Administration SSI/SSDI 2008 and 2012 data; and Department of Agriculture data. *CY 2008 average, unless otherwise noted. **Most recent available data.

http://roskam.house.gov/


VIDEO: FreePac Speech of John Tillman, Illinois Policy Institute

-By Warner Todd Huston

On Friday, October 26, I attended Freepac, Chicago held at the Schaumburg Convention Center. The event, sponsored by Freedomworks, had many fine speakers including Judge Andrew Napolitano, former President of Poland Lech Walesa, John Fund, CL Bryant, Deneen Borelli, John Tillman, Congressman Joe Walsh, and Adam Andrzejewski, hosted by Freedmworks CEO Matt Kibbe.

Here is the video I took of John Tillman, President of the Illinois Policy Institute.

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VIDEO: FreePac Speech of John Tillman, Illinois Policy Institute”


VIDEO: FreePac Speech of Congressman Joe Walsh

-By Warner Todd Huston

On Friday, October 26, I attended Freepac, Chicago held at the Schaumburg Convention Center. The event, sponsored by Freedomworks, had many fine speakers including Judge Andrew Napolitano, former President of Poland Lech Walesa, John Fund, CL Bryant, Deneen Borelli, John Tillman, Congressman Joe Walsh, and Adam Andrzejewski, hosted by Freedmworks CEO Matt Kibbe.

Here is the video I took of 8th District Congressman Joe Walsh.

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VIDEO: FreePac Speech of Congressman Joe Walsh”


VIDEO: FreePac Speech of Adam Andrzejewski of For The Good Of Illinois

-By Warner Todd Huston

On Friday, October 26, I attended Freepac, Chicago held at the Schaumburg Convention Center. The event, sponsored by Freedomworks, had many fine speakers including Judge Andrew Napolitano, former President of Poland Lech Walesa, John Fund, CL Bryant, Deneen Borelli, John Tillman, Congressman Joe Walsh, and Adam Andrzejewski, hosted by Freedmworks CEO Matt Kibbe.

Here is the video I took of Adam Andrzejewski, chief of For The Good Of Illinois.

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VIDEO: FreePac Speech of Adam Andrzejewski of For The Good Of Illinois”


FactCheck.org: Obama’s False Jobs Creation Claims

-By Warner Todd Huston

President Obama has lately been touting the amazing claim that he’s created 5.2 million new jobs as President. His fantastic claim is featured in a new TV. But FactCheck.org says, not so fast. Those claims are “inflated,” to say the least.

FactCheck notes that the 5.2 million claim is accurate, such as it is. But what makes it “inflated” is that the jobs number refers only to jobs created after 2010 and does not include the 4.3 million that were lost earlier in Obama’s term.

Further, according to FactCheck, Obama’s number counts only private-sector jobs and does not include the “continuing losses” of jobs in the government sector as state and local jurisdictions find their budgets so over spent that pink slips have resulted.

FactCheck goes on to note that far from an actual gain of 5.2 million, once earlier losses are removed, Obama has in fact only realized some 967,000 jobs which includes a credit of 453,000 private-sector jobs which will be added through the Bureau of Labor Statistics (BLS) benchmarking process.
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FactCheck.org: Obama’s False Jobs Creation Claims”


Ohio: Sen. Sherrod Brown is Stifling Big Government’s Best Friend

-By Warner Todd Huston

Hey, Ohio, Senator Sherrod Brown is just not working. He’s one of the most extreme, left-wing Senators in Washington and his constant rubber stamping of Obama’s worst, big government boondoggles is hurting the Buckeye State’s economy, not to mention the country.

I have to say, that ad is pretty funny.

Senator Brown has been awarded the dubious distinction of being the most liberal Senator in the nation. Even the left-leaning National Journal said that Brown is on a “liberal crusade.”
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Ohio: Sen. Sherrod Brown is Stifling Big Government’s Best Friend”


Magnum TI and the Case of Illinois’ Fiscal Crisis

It’s been a tough year, 2012. This state economy is in the tank. It’s got something to do with that income tax hike from a year ago: 67%. A ball and a chain for a guy like me. The boys in Springfield said it’d be temporary, that it’d expire in 2015, but I’m betting otherwise—they need taxpayers to bankroll their gold plated pensions.

It’s a hell of a gig, these pensions.The cats meow. Put in your due as a public servant and you’re retired early, living on easy street. Meanwhile, I just had to lay off my secretary Susie. It’s too bad, she does good work. But we can’t all put it on taxpayer tab, keep kicking the can down the road. And that’s all you’re gonna get from Springfield: a bait and switch, smoke and mirrors.You want real solutions? Voters better make some changes this November, starting with the big cheese at top: Speaker of the House Mike Madigan.

He’s been Speaker for three decades, he’s got more power than Mike Tyson’s left hook. The income tax hike, pension policy—nothing gets passed him without his 10-4. And voters have taken notice. Now, I’ve looked at it two ways to Tuesday and there’s no chance in voting the big cheese out of office. But listen up, if we knock out enough Springfield Democrats—six by my count—he’ll lose his leadership role and he’ll no longer be speaking for you and me. Sounds pretty nice, eh? Just remember, vote out the Springfield Democrats and this case will be closed.

Courtesy of http://www.taxpayersunited.org


New Mitt Romney TV Ad: ‘The Clear Path’

Donate, won’t you? http://www.mittromney.com

VIDEO TEXT: “Mitt Romney: The Two Paths”

MITT ROMNEY: “There are two very different paths the country can take. One is a path represented by the President, which, at the end of four years, would mean we’d have $20 trillion in debt, heading towards Greece. I’ll get us on track to a balanced budget. The President’s path will mean continuing declining in take-home pay. I want to make sure our take-home pay turns around and starts to grow. The President’s path means 20 million people out of work struggling for a good job. I’ll get people back to work with 12 million new jobs. I’m going to make sure that we get people off of food stamps not by cutting the program but by getting them good jobs. America’s going to come back. And for that to happen, we’re going to have to have a president who can work across the aisle.”

“There are two very different paths the country can take. One is a path represented by the President, which, at the end of four years, would mean we’d have $20 trillion in debt, heading towards Greece. I’ll get us on track to a balanced budget. The President’s path will mean continuing declining in take-home pay. I want to make sure our take-home pay turns around and starts to grow. The President’s path means 20 million people out of work struggling for a good job. I’ll get people back to work with 12 million new jobs. I’m going to make sure that we get people off of food stamps not by cutting the program but by getting them good jobs. America’s going to come back. And for that to happen, we’re going to have to have a president who can work across the aisle.” (Presidential Candidates Debate, Boca Raton, FL, 10/22/12)

VIDEO TEXT: “Mitt Romney: The Clear Path”

MITT ROMNEY: “I’ll work with you. I’ll lead you in an open and honest way. And I ask for your vote. I’d like to be the next President of the United States to support and help this great nation, and to make sure that we all together maintain America as the hope of the earth.”

“I’ll work with you. I’ll lead you in an open and honest way. And I ask for your vote. I’d like to be the next President of the United States to support and help this great nation, and to make sure that we all together maintain America as the hope of the earth.” (Presidential Candidates Debate, Boca Raton, FL, 10/22/12)

“I’m Mitt Romney, and I approved this message.”


13th Ill. District: David Gill Is Making a Mess Out of Our Economy

“From his support of the failed stimulus to higher taxes on families and businesses, David Gill has shown he has no problem watching Central Illinoisans’ money fly away,” said AAN Spokeswoman Brook Hougesen. “Illinoisans simply cannot afford Gill’s tax-and-spend agenda and have rejected it time after time.”

Transcript:
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13th Ill. District: David Gill Is Making a Mess Out of Our Economy”


Softening The Blow: NPR Edits Word ‘Tax’ Out of Democrat Debate Performance

-By Warner Todd Huston

Voters do not like taxes. So, National Public Radio in New Hampshire seems to have thought it would be nice to help Maggie Hassan, the Democrat candidate for Governor, by doing a little editing work to take the word “tax” out of one of her answers at a recent candidates debate. The radio folks claimed it was a “mistake,” but eliminating the word sure does tend to soften the blow of her policy ideas.

The September 19 debate featured Republican candidate Ovide Lamontagne and Democrat candidate Maggie Hassan both vying to take the seat being vacated by sitting Governor John Lynch. The edited remark concerns Hassan’s answer to a question about a state program called the Regional Greenhouse Gas Initiative (RGGI), another left-wing cap and trade-style boondoggle.

In the actual debate, Lamontagne and Hassan were asked if they would keep the RGGI program. Unsurprisingly, the Republican said no, he’d put an end to it. Just as unsurprisingly, Hassan, the Democrat, said she’d keep it. (My bold for emphasis)

I was proud to be a sponsor of that tax, eh, the energy efficiency program because it has saved businesses millions and millions of dollars and created over 400 jobs.

Now this is exactly how Hassan answers in the video of the debate that Hew Hampshire NPR posted.

NH NPR, however, decided to replay the audio of the debate several more times after the September 19 event. In so doing, the taxpayer-supported radio folks did some selective editing to the program in order to get it down to more air-able timing.
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Softening The Blow: NPR Edits Word ‘Tax’ Out of Democrat Debate Performance”


Biden Lies Saying Planned Parenthood Can’t Legally Perform Abortions

-By Warner Todd Huston

Vice President Joe Biden has done it again, unleashed an outright lie on the campaign trail. This time Joe told an audience at the University of Wisconsin-LaCrosse that the abortion provider Planned Parenthood was prevented by law to perform abortions. And yet, Planned Parenthood itself has claimed it committed 985,731 abortions in just the last three years alone.

In front of that crowd, Biden said, “And now these guys pledge that they are going to defund Planned Parenthood, which under law cannot perform any abortion” The fact is, though, Biden simply lied (again).

There is no law at all that prevents Planned Parenthood from committing abortions whenever and whereever it likes.

Now, there is a law that prevents PP from using any of the 66 million dollars a year in federal tax money that Democrat politicians hand over to it, granted. The law states that the federal subsidies cannot be used for abortions.
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Biden Lies Saying Planned Parenthood Can’t Legally Perform Abortions”


National Journal Gets Romney Cap Gains Cut Wrong

-By Warner Todd Huston

On October 10, the National Journal slammed Mitt Romney for “favoring the wealthy” with his capital gains tax cut plan. The plan, NJ claims, won’t help middle-income Americans because they “don’t have investment income.” But, apparently Nat’l Journal didn’t bother to look at Romney’s actual plan because their assessment is simply wrong.

Reporting on a Romney rally in Ohio, Nat’l Journal claimed that Romney’s tax plan is one-sided.

But Romney’s proposal as he described it — eliminating tax on interest, dividends, and capital gains — would largely help those living on investment income, which does not include many people in the middle class. The tax break would likely help senior citizens, however, many of whom do live on investment income.

…The wealthy are the major beneficiaries of low taxes on capital gains, dividends, and interest; many middle-income Americans don’t have investment income.

Apparently Nat’l Journal isn’t big on doing its research. The fact is, Romney isn’t proposing lowering capital gains taxes on “the rich.”
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National Journal Gets Romney Cap Gains Cut Wrong”


CNN Joins Attack-The-Rich Bandwagon

-By Warner Todd Huston

CNN has an interesting story of an immigrant that came to this country from the oppressive socialist nation in which he was born, worked hard to attain the American dream, became wealthy, and dearly wishes for his fellow Americans to avoid the pitfalls of socialism. But instead of celebrating this man’s great success, CNN slams him as “Rich, Worried and Buying Ad Time.”

Thomas Peterffy was born under Soviet oppression in Budapest in 1944. At 21 years of age, Peterffy left his native country and came to America to try and make his way in life.

“As a young boy, I was fantasizing about one day going to America, making a success of myself. The American Dream,” Peterffy told CNN.

He succeeded beyond his wildest dreams in this land of opportunity. In fact, Peterffy succeeded far beyond what he ever could have achieved in the communist country of his birth. Should he have stayed in that oppressed land he could never have become the billionaire he became in the U.S.
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CNN Joins Attack-The-Rich Bandwagon”


Book: Top 10% in US Pay 45% of Federal Taxes, More Than European Counterparts

-By Warner Todd Huston

Why does anyone imagine that “the rich” don’t “pay their fair share” of federal taxes in the U.S.? Stephen Moore, sure doesn’t and he proves it in his new book, Who’s The Fairest of Them All: The Truth about Opportunity, Taxes and Wealth in America.

While doing research for his book, for instance, Moore discovered that a mere 10 percent of Americans pay nearly half the federal taxes in this country.

With this fact at hand, Moore elaborated further in a recent interview saying that there is “no case on economic grounds” to vote for President Barack Obama, a candidate whose main “solution” to our economic woes is to raise taxes only on the wealthy.
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Book: Top 10% in US Pay 45% of Federal Taxes, More Than European Counterparts”


Illinois’ Quinn Gets ‘F’ in U.S. Governors Fiscal Report Card

-By Warner Todd Huston

Illinois ranks at the bottom of the nation in nearly every single category of rankings of successful states and now the Land of Lincoln can rack up yet another great failure. Illinois’ Governor, Pat Quinn, has received the grade of “F” in a new “fiscal report card” of the 50 states’ fiscal health.

Congratulations once again, Illinois. Your almost unbroken record of failure goes practically unchallenged. You are pretty much the worst of the worst in all of the country.

Oh, happy days.

So, once again Illinois rates at the bottom of the pile with a governor that gets a well-deserved failing grade. This time joined Quinn is joined at the bottom by four other guvs. Chris Gregoire (Washington State), Neil Abercrombie (Hawaii), Mark Dayton (Minnesota), and Dan Malloy (Connecticut), each received the grade of “F” for their monumental failure as their state’s chief executive.
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Illinois’ Quinn Gets ‘F’ in U.S. Governors Fiscal Report Card”


Nearly Half of Washington State’s Jobs Are From China

-By Warner Todd Huston

A new study shows that nearly half of the jobs in Washington State’s economy are generated by Chinese imports and exports.

The study, sponsored by the Washington Council on International Trade and the Trade Development Alliance of Greater Seattle, found that 40 percent of the jobs in the Evergreen State are linked to the international trade industry and Washington’s many shipping ports and transportation hubs.

The report also finds that 1.1 million of Washington State’s 2.8 million jobs are directly involved in the international trade industry. State exports reached $64 million in 2011.
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Nearly Half of Washington State’s Jobs Are From China”