Obama’s 0.7 percent “solution”

cartoon grants solar energyAmerica’s abysmal 0.7% economic growth during the fourth quarter of 2015 meant the annual growth rate was an anemic 2.4% … and average annual growth for the six-year Obama era a pathetic 2.2 percent.

This is “dead last compared to six other recession recoveries since 1960,” Heritage Foundation economist Stephen Moore points out. The six averaged a robust 4.0% while the Reagan era recovery averaged a “sizzling” 4.8% over six years. That means the Obama recovery lost $1.8 trillion (in constant 2009 money) that would have been pumped into the economy under an average recovery, and $2.8 trillion under a Reagan-style rebound, Moore says, citing a congressional Joint Economic Committee analysis.

But job growth is “strong,” the White House insists, averaging 280,000 each of the last three months of 2015 (and a mere 151,000 last month). This deceptive claim hides the fact that 94 million Americans over age 16 are not working. The horrid 62.7% labor force participation rate remains the worst in decades.

Under an average post-1960 recovery, 5 million more Americans would be working today than actually are; a Reagan recovery would have 12 million more working now. Even an average recovery would have given every American an after-tax annual income $3,339 higher than he or she is actually getting today, the JEC calculates. That’s why tens of millions are on unemployment, disability and food stamps.

Many jobs created during the Obama era are part-time, held by people who want full-time work but cannot find it – and those part-time slots offer lower salaries, benefits and job security. That means family bread winners must work several jobs to make ends meet, often suffering the adverse health effects of increased stress and sleep deprivation: ulcers, weight gain, strokes, heart attacks, alcohol, drugs, suicide.

While the official jobless rate is 5.0% the real one is 10% or higher, since the official rate ignores those who have given up looking and dropped out of the analysis – or have entered the cash only, barter, pay-little-income-tax economy. Moreover, jobless rates for black and Hispanic Americans are much higher. The Wall Street Journal’s Dan Henninger notes that black unemployment is 9% in Texas, 12% in South Carolina, and 13% in Arkansas, again not counting those too demoralized to look for work.

What has gone wrong with the American economy and job-creating machine?

First of all, the Obama Administration has deliberately destroyed tens of thousands of jobs in the name of preventing “dangerous manmade climate change” and “fundamentally transforming” our energy, economic, social and legal systems – via its war on coal, oil, natural gas, manufacturing, and the vast majority of economic activities on government controlled lands in the western states and Alaska.

Entire communities, states and regions are being hammered. If these policies continue, millions more Americans will lose their jobs in the next few years.

Second, government has simply gotten much too big, powerful and unaccountable – at the local and state level, and especially at the federal level. It is not coincidental that five of the ten wealthiest counties in the United States are in the Washington, DC area. Members of Congress and 20% of federal bureaucrats earn well into six-figure incomes, while many lawyers and lobbyists working the legislative and regulatory hallways and back rooms earn millions annually.

According to carefully nurtured mythology, our “public servants” are more knowledgeable and altruistic than almost anyone in the private sector; and they are dedicated to finding and punishing miscreants who would routinely rob, cheat and pollute if it weren’t for the lawmakers and regulators. It does happen. But IRS, VA, EPA, Benghazi, Gold King, Flint, Michigan and countless other examples dramatize how false this narrative is – as do multiple studies by Congress, Ron Arnold, E&E Legal, myself and many others.

In far too many cases, the president and his regulators are arrogant, incompetent, negligent, abusive and vindictive. While they still employ the formal regulatory process (draft rules, comment periods, reviews and final rulemaking), they increasingly avoid it via executive orders, guidance memos, informal bulletins and other tactics that have equally effective regulatory impact. They also use investigations, tax exemption denials, tax audits, warning letters, land and property seizures, and selective arrests, fines and prosecutions, to compel businesses, nonprofits, political groups and individuals to kowtow to them.

Government agencies and officials routinely coordinate or collude with activist groups to develop and promote policies and regulations, often employing secret personal email accounts, off-site meetings that avoid transparency, and million-dollar payments to activists who rubberstamp and promote the rules. They exaggerate and manipulate data and studies to justify policies and regulations, while demanding larger budgets, more personnel, more power to control our lives, livelihoods and business operations.

And yet even shady, incompetent or blatantly illegal actions are shielded by colleagues, judges, laws, politicians and the media from any accountability, liability or penalty. And policies and rules arising from these questionable to illegal means are rarely overturned by the courts.

Large corporations and wealthy individuals can often survive, even thrive, under these conditions – especially if they secure mandates, subsidies and government-guaranteed loans for their products. They also use laws, regulations and bureaucracies to stifle competition. Small businesses cannot even read the mountains of laws and regulations, much less comprehend them or know they are in compliance.

* The Tax Code is 74,000 pages and 33 million words long, counting important cases and interpretations. America’s 35% corporate tax rate is the highest among all developed countries.

* The Code of Federal Regulations is 175,000 pages long and coupled with more than 1.4 million pages of ten-point-type Federal Register proposed and final rules published just since 1993.

* The 2015 Federal Register contained a record 81,611 pages. The 2016 FR will likely be even longer, as some 60 federal departments, agencies and commissions have more than 3,000 regulations in the pipeline, to implement and impose every remaining item on the Obama agenda.

* Over 4,450 federal crimes are embedded in those laws and regulations – and neither an inability to understand the complex edicts nor an absence of intent to violate them is a defense.

* Complying with all these regulations costs American businesses and families $1.9 trillion per year. That’s one-tenth of the nation’s Gross Domestic Product – $5,900 a year for every American citizen.

* EPA’s new 70 ppb ozone standard will likely put half of all U.S. counties out of compliance and close down transportation, housing and factory projects, for minuscule to imaginary health benefits.

* EPA’s Clean Power Plan will cost up to $73 billion annually in higher electricity prices, force states to shutter their coal-fired power plants, and destroy numerous mining, utility and factory jobs – to prevent a hypothetical and undetectable 0.018 degrees C (0.032 degrees F) of warming 85 years from now.

* The 2015 Paris climate treaty will cost some $484 billion per year for the next 25 years, just to replace carbon-based energy with wind, solar and biofuel energy, Bloomberg New Energy Finance calculates.

Now climate activists want EPA to use the Clean Air Act and Paris treaty to regulate and eliminate all vehicle, drilling, pipeline, landfill, gas-fired generator and other CO2 and methane sources, crippling our economy – and then still send hundreds of billions to developing countries for “climate reparations.”

But as climate scientist John Christy recently told Congress, the entire Obama climate agenda is based on computer models that do not work. “The real word is not going along with rapid warming” assertions, he emphasized. “The models need to go back to the drawing board.” And EPA’s rules need to be scrapped.

You may despise politics. But the politicians and bureaucrats are hot on your trail – and Democrats running for president would put Obama’s policies on steroids. (So would Michael Bloomberg). So get motivated, informed and involved – before our vibrant free enterprise republic is only a dim memory.

­­­­­­­­­­­­­­­­­­­­Paul Driessen is senior policy analyst for the Committee For A Constructive Tomorrow (www.CFACT.org) and author of Eco-Imperialism: Green power – Black death. © February 2016

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Comments (37)

  • Avatar

    Amber

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    Businesses are cowards …they don’t go where they are not welcome . Now that the green lobby groups are running the EPA ,for example ,with added White House support ,manufacturing has the added government bureaucrat push to either shut down (coal ) , or move off shore to those “have not ” nations that Obama wants to send $$Billions too .
    Screw your own people , outsource or eliminate their jobs , and then send tax payers money to countries happy to eat your lunch .

    What a legacy ,what a guy . Add more to the nations debt during his terms in office than the cumulative debt of all President’s combined since the 1700’s .

    Thanks though for stopping the oceans from rising one one-hundredth of an inch. Well maybe .

    Any bets he doesn’t end up at some UN/green job job handing out other peoples money ? Really is there any doubt .

    Reply

  • Avatar

    JayPee

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    He will go before the UN and declare himself G-D INCARNATE !

    The UN will acquiesce and even BOW !

    Reply

  • Avatar

    Amber

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    Hillary Clintons recent announcement
    “I Pledge To Stop Fossil Fuels ” ?? Really ?
    The current President promotes spending $$ Billions to stop the oceans rising one one-hundredth of an inch instead of investing it in health care ,schools and infrastructure .

    And now one who has spent years vying for the Presidents job announces that she is going to stop fossil fuels ? Why has she
    made that “pledge ” in any debate ?

    What can the American people expect
    if she honors her pledge ? Millions of jobs lost , entire industries wiped out /outsourced and a massive drop in government revenues to start .

    Has she seriously considered the complete devastation to the USA economy she pledges to “STOP” . Unbelievable .

    Hillary just gave the more than 2 million
    people working in the fossil fuel industries the middle digit . Desperate times call for desperate measures when a political is running out of gas .

    Hedge fund billionaires got to be catered to .

    Did Hilary pledge to “stop fossil fuels “in her last campaign ? Sounds like a recent epiphany and it isn’t hard to figure out why .

    Reply

  • Avatar

    Me

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    Really, you don’t think otherwise? Just like Maurice Strong did? 😆

    Reply

  • Avatar

    Me

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    And that piece of crap didn’t make the status of PM or POTUS!

    Reply

  • Avatar

    Me

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    But now we have both with your outgoing and what the morons just elected here, they are finding out what they elected out in Alberta, but that was to just get rid of cronies, The next bunch of conservatives will learn or go the way of the bull whip! 😆 Right? 😆

    Reply

  • Avatar

    Me

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    I also find it funny that they both want open borders with their rhetoric of immigration, but use sovereignty as an excuse to block things they didn’t like.

    Reply

  • Avatar

    Me

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    So it must be that green thang! Err somethang? 😆

    Reply

  • Avatar

    Me

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    Err, did I use too many post here to get my point across err somethang, just like some of you, and you know who you are said?

    Reply

  • Avatar

    Me

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    Now if you have to say something, say it, keep it short and to the point, sometimes there is something going on somewhere else that needs to be pointed out here. Yes is is off topic but when that off topic point is being said here, more times than, not it is later a topic of a new story here.

    Reply

  • Avatar

    Me

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    Like JayPee says, with the greenhouse effect, Yeah it is what happens in a greenhouse, not reality. You heat your house, it’s not a green house, but try living outside and heating that, you be better off in a greenhouse warming that!

    Reply

  • Avatar

    Me

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    The reality is it’s the thermodynamic effects, you know them LAWs that has alreybeen ectabliched

    Reply

  • Avatar

    Me

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    The reality is it’s the thermodymatic effects, you know them Laws that has alrey been established

    Reply

  • Avatar

    Me

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    And yes, even though I used MS word is still doesn’t correct the mistakes, like some here said, and they know who they are. So spelling and grammer are a problem, but the Laws and Nature will do what it always. And it dosen’t matter who you are or how well your communication is! 😆

    Reply

  • Avatar

    Me

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    But then again I heard that is what peer review is about, Grammar and spelling, not science.

    Reply

  • Avatar

    Me

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    Ya know, the stuff you have to justify with your claims! But apparently there is a modle for that that no one is allowed to see the code for. Apparently?

    Reply

  • Avatar

    Me

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    And, apparently all those so called models, have failed to meet the test of observations and yet still are trumpeted out as fact of something!

    Reply

  • Avatar

    Me

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    So how many post was it not. Jaypee? Err is it you don’t want to understand?

    Reply

  • Avatar

    Me

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    So how many post was it ……NOW……

    30 or 40?

    Reply

  • Avatar

    Me

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    Funny you two have nothing to say now?

    Reply

  • Avatar

    Me

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    I’ll leave it at that!

    Reply

  • Avatar

    Me

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    And David Lewis, this all started since you shown up! :-*

    Reply

  • Avatar

    Me

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    Where there is shit to be disturbed there is a wad like you pluging the way.

    Reply

  • Avatar

    Me

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    And I am happy you did, because the wads like you are exposed for what they are! 😆

    Reply

  • Avatar

    Me

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    I’ll tell you what, I will go out of my way and volunteer to fix a problem in a church, even though they pissed Me off so many times but they don’t have the money to pay a licensed professional, I will do it.

    Reply

  • Avatar

    Me

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    And if you want to know how a Church can piss someone off, then obviously you are the like minded of the church and can’t see outside of that reality. Until they want something for nothing, like always!

    Reply

  • Avatar

    Me

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    And yeah, suddenly that socialist spirit goes out the window there noe doesn’t it?

    Reply

  • Avatar

    Me

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    Ya know because they have no trades persons in their mist, ever that can do the job they want someone else to do for nothing!

    Reply

  • Avatar

    Me

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    But, Hey, It gets better! There is committees that people sit on and decide on upgrades! And at times they decide on upgrades weather it is necessary or not! Times it is somethang that certain people have a licensed trade to do them upgrades?

    Reply

  • Avatar

    Me

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    But hey, no talk of corruption there!

    Reply

  • Avatar

    Me

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    But hey it doesn’t matter, they just point at other people and name and shame, no problem, right? That has worked for how many years now????? Yeah now people really don’t care about your bullshit, so climate change it the next and best bullshit! Bwaaahahahahaha!

    Reply

  • Avatar

    amirlach

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    [quote] Hillary Clintons recent announcement
    “I Pledge To Stop Fossil Fuels ” ?? Really ? [/quote]

    This is aimed at a Canadian audience, but I assume the US and Canada both share a very similar demographic when it comes to the percentage of the work force dedicated to “extraction” industries.

    In regards to the claim our economy “needs” to diversify away from carbon fuels.

    http://www.therebel.media/ian_lee_it_is_specious_nonsense_to_say_that_canada_s_economy

    Reply

  • Avatar

    David Lewis

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    For Americans the job situation is even worse than this article indicates.

    Of the number of jobs created since 2009 is almost exactly matched by the jobs taken by immigrants that have arrived since 2009. So, despite the meager gains, there has been no improvement for Americans.

    I’m an engineer with excellent qualifications who has been unemployed for 18 months. The reason for my extended unemployment is the huge number of immigrants the government has let in on H1b visas. They are taking the engineering jobs.

    I never applied for unemployment or did anything else to be counted as unemployed so I am one of the 5% that is invisible.

    Reply

  • Avatar

    Amber

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    David You strike me as someone who
    could do things on their own in any event .

    Obama and the EPA aren’t targeting coffee shop jobs that pad the numbers.How many people could support a family slinging
    de-cafe non fat latte’s ?

    Amirlach I wouldn’t be at all surprised if that Hillary Clinton impromptu ” pledge to stop fossil fuels ” wasn’t staged to salvage
    a campaign and continue the cash from
    hedge fund puppet masters .

    Reply

  • Avatar

    amirlach

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    The “pledge” to stop all Fossil Fuel use is simply unatainable nonsense.

    Considering nearly all of our food is produced using fossil fuels and this includes the chemical fertilisers and pesticides.

    This would also preclude all so called Bio Fuels as well. These depend on chemical fertilisers even more than food crops do.

    Then there is the clorine based chemicals that puyrify our waters and are base stock for many life saving drugs.

    The Dems are much like the Canadian Liberals, who break a good many promises once elected.

    Reply

  • Avatar

    David Lewis

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    Amirlach, Clinton’s promise to stop all Fossil Fuel use is a “sound good” statement, at least for the audience that has no thought behind it what so ever. In the 1970’s these were being used in another hot issue that is still hot today. If the some of the “sound good” statements made then on this issue were fully carried out, the people making the statements would have been horrified. These people call themselves “Progressives.” Yet, their thought process has not advanced in 40 years.

    Reply

  • Avatar

    Amber

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    The Clinton pledge to “stop fossil fuel ” is a perfect example why politicians are considered to be such slime balls . What is her campaign flying a round in on ? A solar panel powered glider ?

    That is quite the revelation. One would think when a potential future President announces “I pledge to stop fossil fuel” that would be front page news and maybe a few follow up questions such as .

    1.When did you decide to stop fossil fuels ?
    2.What do you mean exactly “stop “fossil fuels ” ?
    3. Have you thought about the loss of millions of American jobs working in the fossil fuel industries .
    4. If you can’t even manage your Email account and preserve top secret documents under protocol why would anyone believe you are going to stop fossil fuels .
    5. What exactly are you pledging to replace fossil fuels with ? Nuclear ? Wind mills in every back yard ? Cow farts gas ?
    6. How much of your campaign money is coming from environmental groups and hedge fund billionaires ,wind turbine manufactures , and solar panel companies reliant on government subsidies to keep their businesses a float ?

    Why isn’t her pledge front page news on every newspaper and media broadcast ?

    Instead, Media silence . It was such a well
    placed plant , well recorded and taped too .
    Some will do anything to buy votes .

    Reply

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