Investors Business Daily thinks no one noticed Obama's recent public embrace of Bernie's radical socialism

Here.

We noticed. We just didn't mention it because we've been pointing out Obama's socialism for nine years already. Yawn.

But Obama was only a fair weather friend of socialism for most of that time because most of the Democrat Party remained neoliberal. Nothing points up his lackluster leadership and servile character throughout that time better than his constant fear of a backlash from the neoliberal wing of a party he supposedly led. Actually it led him. Obama was relieved to wash his hands of the economic crisis and delegated fixing it to Bill Clinton's neoliberal retreads. The guy couldn't even take the socialist baton of Pelosi's single payer plan for crying out loud, or embrace a Paul Krugman approved properly sized stimulus spending bill. And making the Bush tax cuts permanent? That was hardly the work of the leader (in his head) of world socialism.

Freed from the strictures of politics, Obama is now free to advance his fanciful sympathies without consequences, as long as the wind is blowing in that direction. My guess is the left wing of his party sees this as nothing more than his feeble attempt to be relevant again when to them he had already become an object of contempt by the end of 2009.

The author of Dreams from My Father is just dreamin', that's all. All he ever did.

Most Obamacare mandate fines last year came from far more low to moderate income people than CBO estimated

In other words, Obamacare penalizes people who can least afford it.

Obamacare is just another case of liberals raising taxes on the have-nots and screwing up their healthcare in the process.

From Jed Graham, here:

What is striking about the data is that the average payment is barely higher than the minimum payment of $695. Since people were required to pay the greater of $695 or 2.5% of taxable income above the filing threshold ($10,350 in 2017), one takeaway is that most of the $2.8 billion in fines paid through April appear to have come from people with modest to moderate incomes. As a frame of reference, CBO's 2014 analysis implied that the average mandate payment for this tax season would be roughly $1,075 and that the total amount paid by people earning up to three times the poverty level would barely exceed $1 billion. ... Based on mandate collections that streamed in after April in prior years, the full-year total is likely to rise to roughly 5 million tax forms with mandated payments totaling closer to $4 billion [an average Obamacare individual mandate fine of $800].

Total government spending is well past the point of adding value

Wayne Winegarden, here:

At one-third of the size of the economy, total government spending is well past the point where additional expenditures add value.

Actually, it's higher than one third, as I previously pointed out here. In 2016 total government spending hit 36.1% of GDP. 

The Obamacare failure: 10 million buy plans on exchanges, 9 million buy off-exchange

Sally Pipes, here:

These off-exchange plans were never expected to be popular, especially compared to the government's marketplaces. As recently as 2013, the Congressional Budget Office was projecting that 24 million Americans would buy insurance through ObamaCare's exchanges by 2016. The CBO didn't even bother to predict enrollment figures for off-exchange plans.

Those projections missed the mark. Last year, off-exchange enrollment — 9 million — was within 1 million of that inside the exchanges. Some 2.5 million people have purchased off-exchange coverage even though they would've qualified for income-based subsidies through the exchanges. Almost half this group may also be eligible for additional federal subsidies aimed at reducing out-of-pocket costs for low-income individuals.

It's Hillary who's thick as thieves with the Russians, not Donald Trump

From the story here:

While Clinton was in charge at the State Department, the U.S. recruited a bunch of U.S. high-tech powerhouses -- including Google, Cisco and Intel -- to take part in the [high tech Skolkovo] project. Of the 28 companies from the U.S., Europe and Russia that took part, 17 were donors to the Clinton Foundation or paid for Bill Clinton to give speeches.

It's yet another stunning example of the Clinton Foundation's growing list of conflicts of interest, suggesting that Hillary used the State Department's offices to line her family's pockets through the Clinton Foundation. Don't forget that, with her email carelessness on her home-brew server during her tenure as secretary of state, Hillary has already exposed the United States' most secret information to the Russian government. As radio talk show host and law professor Hugh Hewitt noted Monday: "Hillary is already a Putin pawn."

Lois Lerner committed a crime, sending 1.25 million pages of taxpayer returns to Obama's Justice Department

The crime occurred in October 2010, but Obama's Justice Department, which participated in the crime, decided in 2015 not to prosecute Lerner.

It is the most corrupt regime in the history of the republic.

The whole damn lot of them should be in jail, not in office.

Details here.

The libertarian Investor's Business Daily: Conservative talk-radio is in favor of Ted Cruz but it's too late

Naming Rush Limbaugh, Mark Levin, and Glenn Beck, here in "Are The Right’s Pro-Cruz, Anti-Trump Moves Too Late?":

Rush Limbaugh and other big names in conservative talk radio have come out in favor of Republican presidential hopeful Ted Cruz, but the support comes late in the game.

IBD doesn't mention Laura Ingraham, who is favorably disposed toward Trump because of the illegal immigration problem in the United States, nor Michael Savage, who has actually endorsed Trump, nor Sean Hannity, who pretends like Limbaugh to be non-partisan during the primaries but repeatedly asserts that Marco Rubio will be president one day.

Late August IBD poll found 59% of Americans support mandatory deportation of illegal aliens

Here.

Investor's Business Daily comes out for abiotic crude oil and natural gas

Here.

You can take your Hubbert's Peak and shove it up your hind end.

Hillary's latest whopper: "I called for cracking down on subprime mortgages"

Yea, the ones who under her husband exploded in number by over 800% between 1993 and 1998.

From the story here:

"I was alarmed by this gathering storm and called for addressing the risks of derivatives, cracking down on subprime mortgages and improving financial oversight," she added.

Obama's awful GDP explains lower incomes, long term unemployment, government dependency and loss of confidence

So says Investors.com here:

Had his recovery matched Ronald Reagan's growth rates, U.S. GDP would be $2 trillion bigger today. Had it matched John Kennedy's, it would be $3 trillion bigger. These aren't just abstract numbers. Obama's weak recovery explains why household incomes are lower than they were when the recession ended, why millions are long-term unemployed and millions more have given up looking for work, why government dependency is at all-time highs and why confidence is so low.

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Which is why our propagandists in the media have buried the most important story of our time. America's first black president is an abject failure.

Low Wage Workers Get Reduced Hours, Probably Due To ObamaCare, The Rest Work More

So says Jed Graham for Investors.com, here, echoing our posts on part-timers who represent just 20% of the usually employed and are too few in number to ding the customary measures of hours, which are aggregate measures, when they are reduced because of ObamaCare considerations by their employers:

Low-wage workers clocked the shortest workweek on record in December — even shorter than at the depth of the recession, new Labor Department data showed Friday.

The figures underscore concerns about the ObamaCare employer insurance mandate's impact on the work hours and incomes of low-wage earners.

It's impossible to know how much of the drop relates to ObamaCare, but there's good reason to suspect a strong connection. The workweek has been getting shorter in many of the same industries where anecdotes have piled up about employers cutting hours to evade the law's penalties. ...

IBD's gauge of the low-wage workweek, now at 27.4 hours, includes the 30 million nonmanagers working in private industries where pay averages up to $14.50 an hour. ...

[T]he workweek has moved higher for non-low-wage workers. This group, including managers and those in higher-paying industries, is now clocking a longer week than prior to the recession.

That divergence explains why many economists and nonpartisan arbiters like the Congressional Budget Office have concluded that ObamaCare has had no impact on part-time employment. The effect doesn't show up in aggregate workforce data, but that is the wrong place to look.

IBD Poll Puts Unemployment At 31%: 47.9 Million Looking For Work, 2 Times Higher Than BLS U6 Level

Here:

Investor's Business Daily has been polling Americans each month on the job market for well over a decade. Unlike the numbers released each month by the Labor Department, ours haven't been crunched, tweaked, twisted, seasonally adjusted or otherwise tortured to tell a comforting story. ... In our IBD/TIPP Poll, we ask a different question: "How many members of your household are currently unemployed and are looking for employment?" Not surprisingly, the answer we get differs greatly from the government's data. This month's survey, completed Thursday night, indicated that 47.9 million Americans are looking for work. No, that's not a misprint: 47.9 million. Out of a workforce of 154 million, that yields a gross unemployment rate of 31%. Among all households, 26% have at least one member looking for work.

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The U6 unemployment rate of 13.7% in August is the combination of the officially unemployed, 11.3 million, the marginally attached to the labor force, 2.3 million, and the part-time for economic reasons, 7.9 million. That comes to 21.5 million unemployed in August by the broadest official government measure. The IBD poll puts the level 2.23 times higher than that at 47.9 million.

Obama Shuts Down Government, Wins Non-Essential Employee Of The Month Award

Andrew Malcolm for Investors.com, here:

What if an intransigent Obama forced a partial government shutdown, the 18th in recent decades? And what people noticed was that things actually seemed to run pretty well with nearly 900,000 "non-essential" federal workers furloughed from Obama's bloated workforce of 2.2 million? Why should American taxpayers pay for any non-essential workers? If we can do without nearly 900,000 "non-essential" personnel today with all their costly benefits and accruing pensions, why not tomorrow? And next week? And next year? Which is the smaller government argument that so many conservatives will make in advance of Nov. 4, 2014. Now just 399 days away.

Obama's Jeffersonian Hero, Ho Chi Minh, Was A Mass Murderer

The pro-Hanoi Vietcong began a guerrilla campaign in the late 1950s to overthrow Diem's government. In the North, the communist government launched a land reform program, and executed between 50,000 and 172,000 people in campaigns against wealthy farmers and landowners, amid broader purges. In 1960 and 1962, the Soviet Union and North Vietnam signed treaties providing for further Soviet military support. In the South, Diem went about crushing political and religious opposition, imprisoning or executing tens of thousands.

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The 44th president conveniently forgot Vietnamese history and slandered ours by linking a founder of our democracy, Thomas Jefferson, to the mass murderer Ho Chi Minh. [Vietnamese President Truong Tan] Sang had brought Obama a copy of a letter sent to President Truman from Ho in which the communist dictator spoke hopefully of cooperation with America. Obama, stopping short of yet another apology, mused about what might have been, and noted "we discussed the fact that Ho Chi Minh was actually inspired by the U.S. Declaration of Independence and Constitution, and the words of Thomas Jefferson."

Investors.com Agrees With Us: GDP Under Obama The Worst Since WWII

So Jeffrey Anderson for Investors.com, here:

"According to the BEA, average annual real GDP growth during Obama's first term was a woeful 0.8%. To put Obama's mind-bogglingly low number in perspective, consider this: It was less than half the tally achieved during Bush's second term. It was barely a quarter of the tally achieved under President Carter. It was the worst tally achieved during any presidential term in the past 60 years."

We told you so already last October, here, in "Obama Racks Up Worst GDP Record In Post-War Period":

"But Obama comes in with a pathetic, ridiculous average report of GDP over 16 quarters of just 0.86%, over twice as bad as Bush."

ObamaCare Is Fascism? So Is The Federal Reserve.

And TARP. And Dodd-Frank.

So says Robert Romano for Investors.com here:

[ObamaCare] guarantees customers to large companies, in this case insurance providers that supported passage of the legislation, and in the process cartelizes the system.

In other words, private profits are being embedded into the law, and enforced by the bureaucracy, which will levy fines on individuals and employers that fail to comply with the mandates. ...

[T]he level of state control in this new system, and insurance industry participation in implementing it to its own benefit, is undeniable. It is corporatism defined.

One could compare it to the National Industrial Recovery Act of 1933 that implemented the National Recovery Administration, which may have been patterned after Mussolini's labor laws, as summarized in a 1991 Yale Law School study by James Whitman, before it was subsequently overturned by the Supreme Court.

Or the Federal Reserve Act of 1913, which gave privately owned banks the power to appoint regional Fed chairmen and outsourced creation of the public currency to a banking cartel.

Or more recently, one might examine the Troubled Asset Relief Fund (TARP), Dodd-Frank's "orderly liquidation fund" and the Fed's continued mortgage-backed securities purchase program — all bailout programs that privatize profits and socialize losses in the financial sector. More corporatism.

This country has been a veritable cornucopia of fascism since the days of Woodrow Wilson and FDR.

Has free market capitalism failed in the United States? It's hardly been tried.

Can We All Agree Now That Both Sides Intend To Cut The Growth Of Medicare Spending?

We once hoped Paul Ryan was a real spending cutter instead of a spending growth cutter, but is now just a defender of Medicare spending growth, or something.

In other words, you are either going to vote for a Republican Welfare State in Romney/Ryan sans ObamaCare, or a Democratic Welfare State in Obama/Biden with it, but not for a Fiscally Conservative State, and certainly not for a Limited State. 

The Investor's Business Daily doesn't seem to care that failing to cut the overall size of a program over time, adjusted for inflation, means you are not a fiscal conservative, here:

Media fact-checkers also complained about Ryan's charge that Obama is cutting $716 billion from Medicare to fund ObamaCare. Not true, they said. Medicare's growth is just being slowed.

But Obama achieves that slower growth by making real cuts in provider payments. And in any case, the media always and everywhere call a reduction in the rate of federal spending growth a "cut." So why suddenly charge Ryan with being misleading for using that same term?

In any case, Obama himself admitted that he's doing what Ryan says. In a November 2009 interview with ABC News, reporter Jake Tapper said to Obama that "one-third of the funding comes from cuts to Medicare," to which Obama's response was: "Right."

Reducing the size of government is different than reducing how much it grows.

Plans like the Penny Plan -- if they threw out the ever-rising baseline which makes government bigger every year because spending on programs must rise to accommodate increased population -- would work in a fiscally conservative sense because they essentially freeze programs in time and lop-off 1 percent annually until revenues grow enough to balance the budget.

But in no sense can even such a plan be construed as a limited government plan because such plans do not commit to paying off the debt, which by my calculations would take $850 billion annually or so for 30 years at 3.5 percent on top of balanced budgets each and every year over the period. This is how households used to work and no longer do, which is why government no longer does.

A country is only as good as its people. If Americans will not control their own spending, the government which represents them never will.

It begins with us, not with Barack Obama or Paul Ryan.

Just 64.3 Percent Of Labor Force Is Working, A Level We Left Behind In 1985

Chart and data here.

Thomas Sowell for Investors.com puts that into perspective, here:

"During this administration, the proportion of the working-age population that has a job has fallen to the lowest level in decades. The official unemployment rate does not count the millions of people who have simply given up looking for a job.

"If everybody gave up looking for a job, the official unemployment rate would fall to zero. But that would hardly mean that the problem was solved or that the 'stimulus' worked. Creating particular jobs does not mean a net increase in jobs."

Thomas Sowell Agrees With Us: Obama Is A Fascist

Thomas Sowell for Investors.com correctly locates Obama's socialism in the fascist vein:

What President Obama has been pushing for, and moving toward, is more insidious: government control of the economy, while leaving ownership in private hands. That way, politicians get to call the shots but, when their bright ideas lead to disaster, they can always blame those who own businesses in the private sector. ...

One of the reasons why both pro-Obama and anti-Obama observers may be reluctant to see him as fascist is that both tend to accept the prevailing notion that fascism is on the political right, while it is obvious that Obama is on the political left. ...

What socialism, fascism and other ideologies of the left have in common is an assumption that some very wise people — like themselves — need to take decisions out of the hands of lesser people, like the rest of us, and impose those decisions by government fiat.

Read the complete column, here.