Category Archives: Obamanomics
Definition of ‘Obamanomics’ – A buzzword that describes the economic philosophy of U.S President Barack Obama. Obamanomics calls for lower tax rates for companies that meet certain criteria, such as providing decent healthcare and maintaining a U.S. workforce and headquarters. Obama’s economic platform also calls for higher taxes for high-income families and investment in education, healthcare and the sciences.
Obamanomics generally stands in opposition to supply-side, or “trickle-down”, economics, which holds that people (including the rich) should keep more of what they earn because they will spend that money, promoting economic growth. Obamanomics shares some similarities with Keynesian economics, which states that active government intervention and monetary policy can smooth out bumps in economic cycles and promote stability.
From An Industrial Economy To A Paper Economy – The Stunning Decline Of Manufacturing In America
by Tyler Durden
Sep 6, 2016 6:30 PM
Submitted by Michael Snyder via The Economic Collapse blog,
Why does it seem like almost everything is made in China these days? Yesterday I was looking at some pencils that we had laying around the house and I noticed that they had been manufactured in China. I remarked to my wife that it was such a shame that they don’t make pencils in the United States anymore. At another point during the day, I turned over my television remote and I noticed that it also had “Made In China” engraved on it. With Labor Day just hours in the past, I think that it is quite appropriate to write about our transition from an industrial economy to a paper economy today. Since the year 2000, the United States has lost five million manufacturing jobs even though our population has grown substantially since that time. Manufacturing in America is in a state of stunning decline, our economic infrastructure is being absolutely gutted, and our formerly great manufacturing cities are in an advanced state of decay. We consume far more wealth than we produce, and the only way that we are able to do this is by taking on massive amounts of debt. But is our debt-based paper economy sustainable in the long run?
Back in 1960, 24 percent of all American workers worked in manufacturing. Today, that number has shriveled all the way down to just 8 percent. CNN is calling it “the Great Shift”…
In 1960, about one in four American workers had a job in manufacturing. Today fewer than one in 10 are employed in the sector, according to government data.
Call it the Great Shift. Workers transitioned from the fields to the factories. Now they are moving from factories to service counters and health care centers. The fastest growing jobs in America now are nurses, personal care aides, cooks, waiters, retail salespersons and operations managers.
No wonder the middle class is shrinking so rapidly. There aren’t too many cooks, waiters or retail salespersons that can support a middle class family.
Since the turn of the century, we have lost more than 50,000 manufacturing facilities. Meanwhile, tens of thousands of gleaming new factories have been erected in places like China.
Does anyone else see something wrong with this picture?
At this point, the total number of government employees in the United States exceeds the total number of manufacturing employees by almost 10 million…
Government employees in the United States outnumber manufacturing employees by 9,932,000, according to data released today by the Bureau of Labor Statistics.
Federal, state and local government employed 22,213,000 people in August, while the manufacturing sector employed 12,281,000.
The BLS has published seasonally-adjusted month-by-month employment data for both government and manufacturing going back to 1939. For half a century—from January 1939 through July 1989—manufacturing employment always exceeded government employment in the United States, according to these numbers.
You might be thinking that government jobs are “good jobs”, but the truth is that they don’t produce wealth.
Government employees are really good at pushing paper around and telling other people what to do, but in most instances they don’t actually make anything.
In order to have a sustainable economy, you have got to have people creating and producing things of value. A debt-based paper economy may seem to work for a while, but eventually the whole thing inevitably comes crashing down when faith in the paper is lost.
Right now, the rest of the world is willing to send us massive amounts of stuff that they produce for our paper. So we keep producing more and more paper and we keep going into more and more debt, but at some point the gig will be up.
If we want to be a wealthy nation in the long-term, we have got to produce stuff. That is why the latest news from Caterpillar is so depressing. In addition to the thousands of layoffs that had been previously announced by the industrial machinery giant, it appears that a fresh wave of layoffs has arrived…
Hundreds of mostly office employees received layoff notices at one of the largest Caterpillar Inc. facilities in the Peoria area this week, just as the company announced plans to close overseas production plants and eliminate thousands more positions.
A total of 300 support and management employees at Building AC and the Tech Center in Mossville this week received job loss notifications that included severance packages, 60 days notice and mandated Illinois Worker Adjustment and Retraining Notification Act letters.
During this election season, you will hear many of our politicians talk about how good “free trade” is for the global economy. But that is only true if the trade is balanced. Unfortunately, we have been running a yearly trade deficit of between 400 billion dollars and 600 billion dollars for many years…
When you have got about half a trillion dollars more going out than you have coming in year after year that has severe consequences.
Let me try to break it down very simply.
Imagine that I am the United States and you are China. I take one dollar out of my wallet and I give it to you and then you send me some stuff.
After a while, I want more stuff, so I take another dollar out of my wallet and send it to you in exchange for more products.
But that stuff only lasts for so long, and so pretty soon I find myself taking another dollar out of my wallet and giving it to you for even more stuff.
Ultimately, who is going to end up with all the money?
It isn’t a big mystery as to how China ended up with so much money. And when we can’t pay our bills we have to go and beg them to let us borrow some of the money that we sent to them in the first place. Since we pay interest on that borrowed money, that makes China even richer.
This is why I am so obsessed with these trade issues. They truly are at the very heart of our long-term economic problems.
But most Americans don’t understand these things, and they seem to think that our debt-based paper economy can just keep rolling along indefinitely.
In the end, history will be the judge as to who was right and who was wrong.
How The Corrupt Establishment Is Selling Moral Bankruptcy To America
August 13, 2013 by Brandon Smith
Morality is a highly misunderstood component of human nature. Some people believe they can create moral guidelines from thin air based on their personal biases and prejudices. Some people believe that morality comes from the force of bureaucracy and government law. Still, others believe that there is no such thing; that morality is a facade created by men in order to better grease the wheels of society.
All of these world views discount the powerful scientific and psychological evidence surrounding Natural Law — the laws that human beings form internally due to inherent conscience, regardless of environmental circumstances. When a person finally grasps inborn morality, the whole of the world comes into focus. The reality is that we are not born “good” or “evil.” Rather, we are all born with the capacity for good AND evil, and this internal battle stays with us until the end of our days.
Every waking moment we are given a choice, a test of our free will, to be ruled by desire and fear, or to do what we know at our very core is right. When a man silences his inner voice, the results can be terrible for him and those around him. When an entire culture silences its inner voice, the results can be catastrophic. Such a shift in the moral compass of a society rarely takes place in a vacuum. There is always a false shepherd, a corrupt leadership that seeks to rule. Rulership, though, is difficult in the face of an awake population that respects integrity and honor. Therefore criminals must follow these specific steps in order to take power:
Pretend To Be Righteous: They must first sell the public on the idea that they hold the exact same values of natural law as everyone else. The public must at first believe that the criminal leaders are pure in their motives and have the best interests of the nation at heart, even if they secretly do not.
Pretend To Be Patriotic: Despots often proclaim an untarnished love of their homeland and the values that it was founded upon. However, what they really seek is to become a living symbol of the homeland. They insist first that they are the embodiment of the national legacy, and then they attempt to change that national legacy entirely. A corrupt government uses the ideals of a society to acquire a foothold, and when they have gained sufficient control, they dictate to that society a new set of ideals that are totally contrary to the original.
Offer To “Fix” The Economy: Tyrants do not like it when the citizens under them are self sufficient or economically independent. They will use whatever methods are at their disposal including subversive legislation, fiat currency creation, corporate monopoly and even engineered financial collapse in order to remove the public’s ability to function autonomously. They will begin this process under the guise that the current less-controlled and less-centralized system is “not safe enough,” and that they have a better way to ensure prosperity.
Offer To Lend A Hand: Once the population has been removed from its own survival imperative and is for the most part helpless, the criminal leadership moves in and offers to “help” using taxation and money creation, slowly siphoning the wealth from the middle class and raising prices through inflation. Eventually, everyone will be “equal”; equally poor that is. In the end, the whole nation will see the rulership as indispensable, for without them, the economy would no longer exist and tragedy would ensue.
Create External Fear: Once in place, the criminal leadership then conjures an enemy for the people, or multiple enemies for the people. The goal here is to create a catalyst for mass fear. When the majority of people are afraid of an external threat, they will embrace the establishment as a vital safeguard. When a society becomes convinced that it cannot take care of itself economically, little coaxing is required to convince them that they are also not competent enough to take care of their own defense. At this point, the establishment has free reign to dissolve long cherished freedoms while the masses are distracted by a mysterious threat hiding somewhere over the horizon.
Create Internal Fear: They move the threat from over the horizon, right to the public’s front door, or even within their own home. The enemy is no longer a foreigner. Now, the enemy is the average looking guy two houses over, or an outspoken friend, or even a dissenting family member. The enemy is all around them, according to the establishment. The public is sold on the idea that the sacrifice needed in order to combat such a pervasive “threat” is necessarily high.
Sell The People On The Virtues Of Moral Relativism: Now that the populace is willing to forgo certain liberties for the sake of security, they have been softened up enough for reprogramming to begin. The establishment will tell the people that the principles they used to hold so dear are actually weaknesses that make them vulnerable to the enemy. In order to defeat an enemy so monstrous, they claim, we must become monstrous ourselves. We must be willing to do ANYTHING, no matter how vile or contrary to natural law, in order to win.
Honesty must be replaced with deceit. Dissent must be replaced with silence. Peace must be replaced with violence. The independent should be treated with suspicion. The outspoken treated with contempt. Women and children are no longer people to be protected, but targets to be eliminated. The innocent dead become collateral damage. The innocent living become informants to be tortured and exploited. Good men are labeled cowards because they refuse to “do what needs to be done,” while evil men are labeled heroes for having the “strength of will” to abandon their conscience.
Thus, the criminal leadership makes once honorable citizens accomplices in the crime. The more disgusting the crime, the more apt the people will be to defend it and the system in general, simply because they have been inducted into the dark ceremony of moral ambiguity.
The actions of the state become the actions of all society. A single minded collectivist culture is born, one in which every person is a small piece of the greater machine. And, that which the machine is guilty of, every man is guilty of. Therefore, it becomes the ultimate and absurd purpose of each person within the system to DENY the crime, deny the guilt, and make certain that the machine continues to function for generations to come.
Though we have already passed though most of the above stages, Americans are still not yet quite indoctrinated into the realm of moral relativism. This is, though, swiftly changing.
The Current Sales Pitch
Just take a look at the attitude of the Barack Obama Administration and the mainstream media towards Edward Snowden and his recent asylum approved by Russia.
The White House, rather than admitting wrongdoing in its support for the NSA’s mass surveillance of American citizens without warrant, or even attempting to deny the existence of the PRISM program, is now instead trying to promote NSA spying as essential to our well being, and wag a shaming finger at Snowden and the Russian government for damaging their domestic spy network. Obama lamented on Russia’s stance, stating that their thinking is “backwards.”
Did I miss something here? I’m no fan of the Russian oligarchy, but shouldn’t Obama and most of the NSA (let alone every other Federal alphabet agency) be sitting in a dark hole somewhere awaiting trial for violating the Constitution on almost every level? Yet, we are instead supposed to despise Snowden for exposing the crime they committed and distrust any country that happens to give him shelter?
Due to public outcry, Obama has attempted to pacify critics by announcing plans to make NSA mass surveillance “more transparent”. First, I would like to point out that he did not offer to end NSA spying on Americans without warrant, which is what a President with any ounce of integrity would have done. Second, Obama’s calls for more transparency have come at the exact same time as the NSA announces its plans to remove 90 percent of its systems administrators to make sure another “Snowden incident” does not occur.
Does this sound like an agency that plans on becoming “more transparent”?
Second, would Obama have called for ANY transparency over the NSA whatsoever if Snowden had never come forward? Of course not! The exposure of the crime has led to lies and empty placation, nothing more.
In the meantime, numerous other political miscreants have hit the media trail, campaigning for the NSA as well as other surveillance methods, bellowing to the rafters over the absolute necessity of domestic spy programs. Fifteen years ago, the government would have tried to sweep all of this under the rug. Today, they want to acclimate us to the inevitability of the crime, stating that we had better get used to it.
Their position? That Snowden’s whistleblowing put America at risk. My questions is, how? How did Snowden’s exposure of an unConstitutional and at bottom illegal surveillance program used against hundreds of millions of innocent Americans do our country harm? Is it the position of the White House that the truth is dangerous, and deceit is safety?
I suspect this is the case considering the recent treatment of military whistleblower Bradley Manning, who has been accused by some to have “aided Al Qaeda’s recruiting efforts” through his actions.
How did Manning do this? By releasing information, including battlefield videos, that were hidden from the public containing proof of U.S. war crimes in Iraq and Afghanistan.
Perhaps I’m just a traditionalist and not hip to modern diplomatic strategy, but I would think that if you don’t want to be blamed for war crimes, then you probably shouldn’t commit war crimes. And, if you don’t want the enemy to gain new recruits, you should probably avoid killing innocent civilians and pissing off their families. Just a thought.
So, just to keep track, U.S. government commits war crimes, but is the good guy. Bradley Manning exposes war crimes, and is the bad guy. Moral relativism at its finest. Moving on…
The shift towards moral bankruptcy is being implemented in the financial world as well. Investors, hedge funds, and major banks now surge into the stock market every time the private Federal Reserve hints that it may continue fiat stimulus. When bad news hits the mainstream feeds, people playing the Dow casino actually cheer with glee, exactly because bad economic news means more QE from the Fed. They know that the Fed is artificially propping up the markets. The Fed openly admits that it does this. And they know that our fiscal system is hanging by a thin thread. And you know what, very few of them care.
The Fed created the collapse with easy money and manipulated interest rates, and now, some people cheer them as the heroes of the U.S. financial structure.
The American narrative is quickly changing. There has long been criminality and degeneracy within our government and the corporate cartels surrounding it, but I believe what we are witnessing today is the final step in the metamorphosis that is totalitarianism. The last stage accelerates when the average citizen is not just complicit in the deeds of devils, but when he becomes a devil himself. When Americans froth and stomp in excitement for the carnival of death, and treat the truth as poison, then the transformation will be complete.
-Brandon Smith