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Last week, USA Today stated that 485,000 workers had been terminated from the auto industry while only 67,000 had been rehired with the $85 Billion bailout from the government.

Some pundits and lots of the media are pointing to the fact that manufacturing is hiring again. Those media and pundits are feeding us more junk. They are looking at one little fact and ignoring the elephant in the room. The elephant is that the most successful of the auto makers is Ford who did not terminate many employees and did not take the bailout. Instead, Ford renegotiated union contracts and replaced many union workers with non-union employees. At $85 Billion for 67,000 rehires, that is more than $ 1 million per rehire for the auto bailouts at GM and Chrysler. More than $1 million per rehired worker is a horrible return on investment!

Other manufacturers like Boeing are being forced by the government to hire union employees, so many are moving even more manufacturing out of the USA.

And the costs for Obama’s programs continue to rise.

The CBO’s latest estimate is that Obamacare will cost Americans an additional $2.4 trillion over the next 10 years in hidden taxes and added healthcare costs. The only winners of Obamacare are the insurance companies and the government.

Politico reported today that the recovery from this recession is the slowest pace of any recovery since 1932 and that unemployment will remain high for at least the next 3 years. Even Obama is now saying that the unemployment problem will last much longer than anticipated. Polico points out that this administration has increased government spending at the twice the rate of any previous government in the history of the USA. Obama increased the deficit 10 times more than at any time previous to him.

Money Magazine for June, 2011 states on page 22 that the only reason that stock prices have risen is because interest rates have fallen to such low levels. It states in the first paragraph: “While stock investors have gained from the Federal Reserve’s efforts to hold down interest rates …. All that’s about to change.”

Gasoline prices and food prices increased at rates that are more than 100% on an annual basis. Those price increases had very little decrease to consumption which shows prices for food and energy to be inelastic. That inelasticity caused a money drain that reduced discretionary spending by consumers and hurt the economy. So as Obama continues to make ethanol from corn (which drives up the price of corn and any products that use corn like live stock and milk) and to limit oil drilling in the USA, the average Americans suffer from his actions.

Kiplinger Letter of May 20, 2011 states “Over the coming year or two … making investment choices will get tougher …. as the Federal Reserve raises interest rates …. stocks will no longer be the obvious winner.”

Kiplinger continues with “Europe’s financial worries are far from over… now headed into round two for Greece.”

And Kiplinger states: “Republicans could send Obama packing after one term.” … “A firestorm over an NLRB move … Boeing out of South Carolina … Business groups are livid.”

The National Real Estate Association estimates that the average home value has decreased about 35% since Obama took office and that it will decrease another 5 to 15% in the next year.

Some argue that Obama inherited this situation. Did he? He was part of Congress from 2005 to 2009. He was part of the Democrat contingency that protected Fannie Mae and Freddie Mac. He represented ACORN who intimidated banks into making so many loans to people who should not have gotten them.

Even if Obama inherited the situation, his record at solving it has been a disaster. Politico stated that this is the slowest rate of recovery for any recession since 1932.

The average American has lost value in home equity, suffered from hidden inflation, lost money in savings and 401 Ks, become underemployed, and suffered from wage stagnation.

It is clear that Obama hurt this economy … pandering to unions, printing money, pushing interest rates too low, deficit spending, expanding government, and implementing the same socialism that is killing Europe like with Obamacare while granting more than 1300 exemptions to Obamacare (including an exemption to AARP who was the biggest supporter of Obamacare).

If nothing else, Obama exacerbated the problems. Obama has been horrible for America. His economic plans are horrible. He polarized the country rather than unite it. And he is leading America in a socialist direction like in Europe rather than setting the pace for the world with capitalism.

And why? Because Obama lacks any executive experience or respect for capitalism that is required for the president of the USA.

Compare Obama to Cain, Pawlenty, Christie, Huntsman, Romney, or Trump who all have educations at least equal to Obama in business and economics and have executive experiences that make Obama look woefully inadequate.

Obama has been a horrible experiment in affirmative action that has cost America a tremendous amount to the economy and to unity.

We need to reverse course from Obama to save America now!

Michael Master is the author of “Save America Now!” It can be ordered at http://www.amazon.com/gp/product/1616235756

http://townhall.com/content/af9bfda1-858f-4d7b-a4b1-e00f72530889

This article points out 3 things:

1. Obama lied again. He lied about oil production.

2. There is an underlying root cause to the economic problems that cannot be cured by financial means. Could it be the declining number of consumers and workers between the ages of 40 and 55? It does not get better until 2022. Then it falls again by 2030 because of the current low birth rates.

3. The economy is not getting better even though GDP is technically better. The increases to GDP are inflation and oil price driven. A 2% increase to GDP does not cover the increases to gas and food and it is not in keeping with the 10+% increases to GDP of previous recoveries. The economy continues to be in trouble. Stock prices are up because of more printed money and low interest rates … not because of economic improvements.

What happens when the Fed finally raises interest rates to fight the inflation caused by increasing food prices (especially those dependent on corn like live stock and milk), by increasing gas prices, by the increasing debt, and by printing too much money?

The sharks are about to eat you – again
Posted: May 11, 2011
1:00 am Eastern

By Michael Master

Read more: The sharks are about to eat you – again http://www.wnd.com/index.php?fa=PAGE.view&pageId=297349#ixzz1M6FfG2Gx

Further, in 2008, the Associated Press published a photograph of Obama’s school registration papers in Indonesia listing his religion as Muslim and his citizenship as Indonesian.

All of this history is extremely relevant to the question of Obama’s natural born citizenship and constitutional eligibility for the presidency – facts lost on all of the major media over the last three years.

Obama may have been born with U.S. citizenship, if indeed he was actually born in the U.S., but he was also born with Kenyan-United Kingdom citizenship and later had Indonesian citizenship.

The founders understood natural born citizenship to be one without divided loyalties. It had less to do with the actual birthplace.

http://www.wnd.com/index.php?fa=PAGE.view&pageId=296677

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Just when the Obama administration thought that they could start to claim victory about the economy, it seems to be headed in the wrong direction again.

The Kiplinger Letter of April 8, 2011 made these comments:

“Though US exports continue to grow …. the nation’s share of global trade is waning… In 2000, 35% of the world imports and exports originated or landed in the US. This year’s share: about 11%. … While law makers in the USA dally … Other countries are racking up trade deals.”

Let me add that if the USA grew exports by 100%, that would only take us to 22% which would still be a far cry from 35% in 2000. Also, the world competitors are not about to allow the USA to grow 100%. They will adjust.

So who are those law makers who dally? Democrats were in control of Congress from the end of 2006 until 2011 and are still in control of the Senate, the State Department, and the White House.

From Kiplinger: “US economic prowess … China overtakes it in 2020…. GDP growth in the US appears to be slowing… 1.5% if exports drag … on the heels of a 3.1% uptick during the final 3 months of 2010.”

So why is this happening?

GDP growth in the last quarter of 2010 was an aberration. Even at 3.1%, it was not the 5% minimum needed to come out of this economic slump. 3.1% is much less than the traditional minimum of 10% that followed most other recessions. The 3.1% was artificially created by government spending. So now we are paying a price for not curing the root causes to our economic problems.

What are those root causes? Soaring oil prices. Costs to Implement Obamacare. Uncompetitive pricing of US products because of high labor rates and roll up of taxes throughout the manufacturing supply chain. Only one quarter of the engineers per capita as in the countries with growing export business. A birth rate too low to sustain the distribution of consumers and workers in our society. Too much dependence on immigrants to fill low paying jobs.

Many Americans miss this point: there is no amount of service revenues that can offset the loss to the economy from a diminished manufacturing industry. The multiplier effect from manufacturing is 15 times greater than from service industries. And the USA has reduced the impact of manufacturing on the GDP by more than two thirds in the last 40 years. Service industries have grown while manufacturing has shrunk which is the exact opposite of a thriving economy.

What does the USA have to export? Lawyers? Accountants? Government bureaucrats? Sociologists? Bankers?

Who wants them? No one. No one will trade their manufactured goods for services from these “professional” industries.

The Obama administration is trying to convince us that the USA can replace the lost consumption from the low birth rate in the USA with more product exports. China, Korea, Brazil, Germany, and all the others will react to increased competition from the USA. Those competitors make better products at lower prices. They will not give up any of the advantages that they gained while the USA let costs get out of hand. If the USA tries to get more competitive, then those other countries will react by getting more competitive also.

So what can the USA do?

1. Get this current group of liberal arts intellectuals out of our government and put some street wise business people in charge who will cut the effects of unions, cut the corporate taxes that are rolled up in the end products, and increase the amount of engineers graduating from our universities.

2. Breed. Make more internal consumers and workers so immigration is not necessary and so exports are not as necessary.

3. Drill for oil and build more nuclear sites and dig for more coal.

4. Reduce spending by our government on services because that adds very little to the multiplier effect for our economy. And put the money in the hands of the private sector because it consumes manufactured products with much greater multiplier effects.

Michael Master is the author of “Save America Now!” It can be ordered at http://www.amazon.com/gp/product/1616235756