The Doctor Of Common Sense

02/07/2012 by The Doctor Of Common Sense

Obama’s Administration is making up jobless numbers

When it comes to the unemployment rate, it’s nice to be president.

Sure, it wasn’t so nice for President Obama in October 2009, when the federal Bureau of Labor Statistics declared the rate was 10 percent. But exactly a year from Election Day 2012, the rate began a precipitous plunge, first to 8.9 percent, then the next month, to 8.7, then to 8.5. And just last week, the BLS said the rate had fallen all the way down to 8.3 percent.

If the spectacular “recovery” keeps up at the same pace, the rate will be 6.3 percent by Nov. 6. It hasn’t been that low since — well, all but four of the 96 months George W. Bush was in office. But you get the point. America is back!! Woo-hoooo!!

So, spectacular news for the president, yes? And fantastic news for America, right? Uh, yes. And absolutely no.

See, the BLS boys, no doubt at the president’s direction, are busy rewriting the rules, and they’re in uncharted, and unchecked, territory. The federal government Friday declared that the U.S. had created — not “saved,” mind you, “created” — 243,000 jobs. Amazing, right?

But wait, what’s that little asterisk here? A record 1.2 million Americans left the labor force? 1.2 million?! Well, where’d they go? Oh, just left? Well, OK. But no, wait. What does that even mean?

Zerohedge.com’s Tyler Durden (the first rule of … eh, you know the rest) precisely spelled out the government version of “Project Mayhem”:

“A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55 percent. Looks like the good folks at the BLS heard us: It appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that’s not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non-institutional population increased to 242.3 million, meaning those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30-year low of 63.7 percent as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.”

The labor force rate — all workers more than 16 years old — climbed above 66 percent in October 1988. It stayed there throughout the term of President George H.W. Bush, and topped 67 percent for 40 consecutive months during President Clinton’s two terms. The rate stayed above 66 percent for almost all of President George W. Bush’s two terms.

But the month Mr. Obama was elected, the rate dropped to 65.8 percent. By the end of his first year in office, the BLS said the labor participation rate was just 64.6 percent. And last month, for the first time in nearly 30 years, the rate dropped all the way down to 63.7 percent.

Still, month after month, the mainstream media laps up reports of a falling unemployment rate. “U.S. Jobless Rate Falls to 8.3 Percent, a 3-Year Low,” blared the New York Times. “The nation’s unemployment rate dropped for the fifth straight month, to 8.3 percent, its lowest level in three years, the Labor Department reported Friday, with widespread hiring across the economy,” declared the Washington Post.

Clearly, they hadn’t read the major financial papers the month before. When the unemployment rate dropped to 8.5 percent in December, the Financial Times wasn’t convinced. “According to government statistics, if the same number of people were seeking work today as in 2007, the jobless rate would be 11 percent.”

And they must have ignored the Gallup write-up the month before: “The sharp drop in the government-reported unemployment rate for November and the sharp drop in jobless claims during the most recent reporting week have combined to create the perception that the job market may be improving … . In contrast, Gallup’s data suggest little improvement in the jobs situation.” The organization concluded: “It may be wise to exercise caution in interpreting the drop in the government’s most recent jobless claims numbers.”

No one in the mainstream media, busy rewriting the government’s press release on Friday, will bother to question the newest number, or explore what trimtabs.com CEO Charles Biderman said that very day: “Actual jobs outstanding, not seasonally adjusted, are down 2.9 million over the past two months. It is only after seasonal adjustments — made at the sole discretion of the Bureau of Labor Statistics economists — that 2.9 million less jobs gets translated into 446,000 new seasonally adjusted jobs for January and December.

“No one I know has any idea as to how the BLS does this seasonal adjustment,” he said.

When Project Mayhem has run its course, Tyler Durden (the other one), looking out across the city, where banks and financial institutions are about to implode, says: “Out these windows, we will view the economic collapse. One step closer to global equilibrium.”

http://www.washingtontimes.com/news/2012/feb/5/curl-obamas-made-up-jobless-numbers/?page=all#pagebreak

02/07/2012 by The Doctor Of Common Sense

Did U.S. lose $1.3 billion Chrysler Bailouts?

Obama and Chrysler — Big Daddy Obama (Pimping Ain't Easy)

NEW YORK (CNNMoney) — U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday.

The government recently sold its remaining 6% stake in the company to Italian automaker Fiat. It wrapped up the 2009 bailout that was part of the Troubled Asset Relief Program six years early.

“The fact that the company has done so well — that they were able to go out and raise private capital to repay us the loan so quickly, is really the big story,” said Tim Massad, Treasury assistant secretary for financial stability.

Fiat paid the Treasury a total of $560 million for the remaining shares, as well as rights to shares held by the United Auto Workers retiree trust. Fiat now owns a 53.5% stake in the company.

Originally, the government committed a total of $12.5 billion to the struggling automaker, Old Chrysler, and the company’s newly formed Chrysler Group. Of those funds, $11.2 billion have been returned through principal repayments, interest and cancelled commitments, the Treasury said. The new Chrysler Group paid back $5.1 billion in loans in May.

As part of the loan agreement, Chrysler was given until 2017 to return the bailout funds. If it had taken the full term, the interest accrued on the loans could have significantly reduced the government’s losses.

Overall, $1.3 billion will not be recovered from the bankrupt Old Chrysler, but Massad still called it a “major accomplishment.”

That’s because the government originally expected it would lose much more on the auto bailout. Initial estimates from the Congressional Budget Office in 2009, predicted the government would lose $40 billion on the overall auto bailout.

Now it estimates, by the time the $80 billion program is completely wrapped up, taxpayers will have lost $14 billion.

The Treasury Department also considers the auto bailout a success because the industry has recently shown signs of a recovery.

In the year leading up to the Chrysler and General Motors’ bankruptcies, the auto industry lost 400,000 jobs. Since the bailout, about 113,000 of those jobs have been recovered.

“We didn’t make the auto interventions to make money, we made them to save jobs — and on that front, we dramatically succeeded,” Massad said.

General Motors (GM, Fortune 500) has already repaid loans it received from the bailout, but the Treasury still owns about one-third of GM’s shares, worth approximately $16 billion.

TARP overall, was originally authorized to cost $700 billion, but the Treasury Department has only paid out $411 billion.

Of that amount, $101 billion have yet to be paid back, mostly due to losses from assistance to AIG and mortgage modification programs.

The bank bailout part of TARP is expected to turn a profit of $20 billion, making up for some of those losses.

http://money.cnn.com/2011/07/21/autos/chrysler_government_exit/index.htm

02/06/2012 by The Doctor Of Common Sense

Iranian Ayatollah wants Israel Annihilated

Whatever Happen To COMMON SENSE — Israel Must Be Annihilated

By: Reza Kahlili

The Iranian government, through a website proxy, has laid out the legal and religious justification for the destruction of Israel and the slaughter of its people.
The doctrine includes wiping out Israeli assets and Jewish people worldwide.
Calling Israel a danger to Islam, the conservative website Alef, with ties to Iran’s supreme leader, Ayatollah Ali Khamenei, said the opportunity must not be lost to remove “this corrupting material. It is a “‘jurisprudential justification” to kill all the Jews and annihilate Israel, and in that, the Islamic government of Iran must take the helm.”
The article, written by Alireza Forghani, an analyst and a strategy specialist in Khamenei’s camp, now is being run on most state-owned sites, including the Revolutionary Guards’ Fars News Agency, showing that the regime endorses this doctrine.
Because Israel is going to attack Iran’s nuclear facilities, Iran is justified in launching a pre-emptive, cataclysmic attack against the Jewish state, the doctrine argues.
On Friday, in a major speech at prayers, Khamenei announced that Iran will support any nation or group that attacks the “cancerous tumor” of Israel. Though his statement was seen by some in the West as fluff, there is substance behind it.
Iran’s Defense Ministry announced this weekend that it test-fired an advanced two-stage, solid-fuel ballistic missile and boasted about successfully putting a new satellite into orbit, reminding the West that its engineers have mastered the technology for intercontinental ballistic missiles even as the Islamic state pushes its nuclear weapons program.
The commander of the Revolutionary Guards, Brig. Gen. Seyyed Mehdi Farahi, stated in August that the Safir missile, which is capable of transporting a satellite into space, can easily be launched parallel to the earth’s orbit, which will transform it into an intercontinental ballistic missile. Western analysts didn’t believe this would happen until 2015. Historically, orbiting a satellite is the criterion for crediting a nation with ICBM capability.
Forghani details the Islamic duty of jihad as laid out in the Quran for the sake of Allah and states that “primary jihad,” according to some Shiite jurists, can only occur when the Hidden Imam, the Shiites’ 12th Imam Mahdi, returns. Shiites believe Mahdi’’s return will usher in Armageddon.
In the absence of the hidden Imam, Forghani says, “defensive jihad” could certainly take place when Islam is threatened, and Muslims must defend Islam and kill their enemies. To justify such action, Alef quotes the Shiites’ first imam, Ali, who stated “Waging war against the enemies with whom war is inevitable and there is a strong possibility that in near future they will attack Muslims is a must and the duty of Muslims.” In this regard, Ayatollah Khamenei has issued a fatwa in which he has even authorized carrying out primary jihad in the age of the absence of the Hidden imam under the authorization of Vali Faghih.
The article then quotes the Quran (Albaghara 2:191-193): “And slay them wherever ye find them, and drive them out of the places whence they drove you out, for persecution [of Muslims] is worse than slaughter [of non-believers] … and fight them until persecution is no more, and religion is for Allah.”
It is the duty for all Muslims to participate in this defensive jihad, Forghani says. A fatwa by the late Ayatollah Ruhollah Khomeini made it clear that any political domination by infidels over Muslims authorizes Muslims to defend Islam by all means. Iran now has the ICBM means to deliver destruction on Israel and soon will have nuclear warheads for those missiles.
In order to attack Iran, the article says, Israel needs the approval and assistance of America, and under the current passive climate in the United States, the opportunity must not be lost to wipe out Israel before it attacks Iran.
Under this pre-emptive defensive doctrine, several Ground Zero points of Israel must be destroyed and its people annihilated. Forghani cites the last census by the Israel Central Bureau of Statistics that shows Israel has a population of 7.5 million citizens of which a majority of 5.7 million are Jewish. Then it breaks down the districts with the highest concentration of Jewish people, indicating that three cities, Tel Aviv, Jerusalem and Haifa, contain over 60 percent of the Jewish population that Iran could target with its Shahab 3 ballistic missiles, killing all its inhabitants.
Forghani suggests that Iran’s Sejil missile, which is a two-stage rocket with a trajectory and speed that make it impossible to intercept, should target such Israeli facilities as: the Rafael nuclear plant, which is the main nuclear engineering center of Israel; the Eilun nuclear plant; another Israeli reactor in Nebrin; and the Dimona reactor in the nuclear research center in Neqeb, the most critical nuclear reactor in Israel because it produces 90 percent enriched uranium for Israel’s nuclear weapons.
Other targets, according to the article, include airports and air force bases such as the Sedot Mikha Air Base, which contains Jericho ballistic missiles and is located southwest of the Tel Nof Air Base, where aircraft equipped with nuclear weapons are based. Secondary targets include power plants, sewage treatment facilities, energy resources, and transportation and communication infrastructures.
Finally, Forghani says, Shahab 3 and Ghadr missiles can target urban settlements until the Israelis are wiped out.
Forghani claims that Israel could be destroyed in less than nine minutes and that Khamenei, as utmost authority, the Velayete Faghih (Islamic Jurist), also believes that Israel and America not only must be defeated but annihilated.
The radicals ruling Iran today not only posses over 1,000 ballistic missiles but are on the verge of ICBM delivery and have sufficient enriched uranium for six nuclear bombs even as they continue to highly enrich uranium despite four sets of U.N. sanctions.
WND previously reported when Iran was warning of a coming great event.
The Iranian secret documentary “The Coming Is Upon Us” clearly indicates that these radicals believe the destruction of Israel will trigger the coming of the last Islamic Messiah and that even Jesus Christ, who will convert to Islam, will act as Mahdi’s deputy, praying to Allah as he stands behind the 12th Imam.
http://www.wnd.com/2012/02/ayatollah-kill-all-jews-annihilate-israel/

02/05/2012 by The Doctor Of Common Sense

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A man always has two reasons for doing anything: a good reason and the real reason.

J. P. Morgan

A new survey shows that Barack Obama is the most polarizing president in the last 60 years. As divisive as he is, the current occupant of the White House has simply exacerbated a trend towards disunity that has been developing for years.

A report released by Gallup on Friday shows that the partisan divide over Mr. Obama continued a record-setting pace for the third year straight. In 2011, the gap between his approval ratings by party was 68 percent, the highest for any third-year president on record. Even the liberal Washington Post headlined its report on the Gallup survey as, “Obama: The most polarizing president. Ever.”

The Gallup data show that while Mr. Obama has had the most polarized first three years in office, they also reveal that George W. Bush holds the top three slots for most divisive presidential years ever, occurring 2004-2007. This shows that the partisan antipathy is mutual. This is a recent phenomenon; eight of the top 10 most divided years have occurred from 2004 to the present.

During the 2008 presidential campaign, Mr. Obama promised to heal the partisan breach. He said he would be a unifier, that he would reach across party lines, that he would forge consensus. Once he took office, however, armed with a hard-left agenda and backed by a supermajority in Congress, the arrogance of power overwhelmed the better angels of his nature. Those who questioned his policies were labeled extremists, or worse. Dissent was smacked down, Congress rammed through his contentious programs, and Democrats were punished for their conceit with a “shellacking” in the 2010 midterm elections.

Since 2011, bereft of his congressional amen corner, Mr. Obama has grown particularly contemptuous of the system. He has sought ways to expand the powers claimed by the executive and obeys only the laws that suit him. A compliant Justice Department fabricates thin rationales that convince none but those who would affirm anything Mr. Obama did anyway. This has had a particularly destructive impact on the bonds of trust and tradition without which our system cannot function. Some ask: If the president does not abide by the Constitution, why should anyone else?

Yet the problem is much deeper than Mr. Obama, and the decline in political legitimacy goes beyond the executive. Regard for Congress has been on a nosedive for the past 10 years. Members of both political parties give Congress a positive rating in the low teens, and approval from independents is a mere 7 percent. Gallup data for December 2011 showed 86 percent disapproval of Congress, which is a record high. Disapproval ratings for the Supreme Court are near records as well. According to a Gallup report released in September, the general sense of satisfaction over how the country is being governed has dropped from 59 percent in 2003 to a historic low of 19 percent.

These data demonstrate a growing undercurrent of discontent. The division in the country is narrow; there are many on each side. But the gulf is deep, and growing deeper. The question now is: Can any politician or party heal this rift, or has the United States truly become a house divided?

http://www.washingtontimes.com/news/2012/feb/1/obamas-divided-america/

The Doctor Of Common Sense

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