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Food Stamp Friday - Newt Shows America His True Colors
Food Stamp Friday - Newt Shows America His True Colors
I try to keep politics out of the weekly posts but screw that!
That disgusting, vile, son-of-a-bitch (just my opinion, we report - you decide!) Newt Gingrich is on a 12-city pre-election tour where he is advising Republican candidates to frame the choice for voters between Democrats as "the party of food stamps" while selling the GOP as "the party of paychecks."
With a truly shocking 42M Americans in such dire straits that they need food stamps to make ends meet (and our study of the shopping habits of the poor last week clearly illustrated that this aid is the only way they can eat as they shop the same day the checks come every month), Gingrich this week distributed a memo to Republican hopefuls saying they should use the final month to stress tax and spending cuts as a way to spur job growth while attacking Democratic policies as detrimental that effort.
"It’s perfectly fair to say they are earning the title of the party of food stamps," he said. "By contrast, we have historically since Ronald Reagan of 1980 been the party of job creation."
The party of job creation??? Ha! Ha, ha, ha, ha, ha, ha - ha! Ha, ha, ha. Ha! OK, I think I’m done now. Ha! OK, now I can go on (but I’m still giggling). I will sum up the very cogent point I made to Members early this morning by simply saying: Is this out of touch elitist wealth-sucking windbag totally insane or just a big, fat liar? Let’s look at a chart:
What? Don’t like this one? Do you think it’s unfair to keep picking on poor W? I hear this all the time, Obama’s been in office 21 months, he needs to OWN this recession now and we need to stop looking at the idiot who caused it and pretend it was all Obama’s fault since he took office in the month that job losses maxed out at 850,000.
As logical as that line of reasoning may be, I do like to try to keep a historical perspective on things. We republished a full set of charts that illustrate my points from Member Chat over at Seeking Alpha, so you can view them here, but let me share just two that I find relevant. For the first chart, let’s take a look at ALL the post-Depression Presidents, including the great and powerful Ronald Reagan, and see how they stacked up in providing jobs for the American people:
Ouch! Not looking good for the red team is it? In fact, this was only through August of ‘09 and did not include 2.8M job losses in Bush’s last 4 months in office. A feat of failure that put his Administration squarely in the red for the first time since Hoover sucked up the economy in the 20s.
Well, sure, the Republicans may suck at creating jobs but they shine on controlling spending, right. Ha, ha and ha ha again! There is not even a close contest there as Reagan, Bush and Bush ran up OVER $6Tn in debt in 20 combined years ($300Bn per year) while the dreaded Carter and Clinton caused a GRAND TOTAL of $548Bn (0.55Tn) to be added to the deficit in 12 combined years ($45Bn/year).
How about government spending (all these figures are on the linked charts, by the way)? Also no contest, since 1940, Republicans have added far more then Democrats and, in fact, the only modern President to ever significantly reduce government spending was Harry Truman, despite all those liberal programs that paid for our parents homes and sent them to college, etc.
"Ooh, ooh" - you may say, as you raise your hand for attention "What about the pork projects - those filthy Democrats love pork projects." No, so sorry but this is one of the funniest charts. Mr. Gingrich’s party took over the House and the Senate in the 1994 elections and controlled both houses every session other than 2001-2 (when Jeffords got disgusted and switched parties) through Dec. 2005 and LOOK WHAT THEY DID!:
THESE are the people who want you to vote them back in, THESE are the people who are making all the same promises they broke last time about spending and fraud and waste and family. Who was in control of Congress from 1995 through 2005, when Total Federal Spending DOUBLED? You may think politics is not about the markets but it’s ALL about the markets right now. We are teetering on the edge of a precipice and going back to the disastrous policies that drove us to the edge of a cliff in the first place is NOT going to make things better. Our future investing decisions will very much hinge on who is in charge and so will our economic futures as a nation.
Just look at the tremendous burden we face if we extend the Bush tax cuts. It’s bad enough if we don’t but perhaps we can cut back spending and grow a little faster to offset the doubling of our debt to GDP load between now and 2050 but CLEARLY, extending them is nothing short of National Suicide!
You can’t give Trillions of dollars of tax breaks to the top 5% while 20% of the bottom 95% are unemployed or under-employed! A healthy economy needs a healthy labor force, which leads to healthy consumer spending which leads to more wealth for everyone - the proverbial "bigger pie." Cutting back on the social safety net and running an austerity budget when 42M of your citizens (13.5%) can’t live without food stamps is simply immoral. They do still teach morals somewhere, don’t they?
In fact, here is yet another chart of the income growth rate of post-war America broken down by party and, once again, the Democrats CLEARLY deliver better economic results for all. Well, not all, the top 1% do not do as well by a small margin under the Democrats but the entire top 5% STILL DO BETTER when the Dems are in charge by a full 10%!
We just got the Non-Farm Payroll numbers and they show that we LOST another 95,000 jobs in September. A loss of 5,000 jobs was expected. Government payrolls shrank by 159,000 jobs (damn those Democrats and their cutbacks!) while private enterprise added 64,000. While Unemployment held steady at 9.6%, U-6, the broader and also official measure of Unemployment jumped from 16.7% in August to 17.1% in September. Even worse (and you won’t hear this in the MSM), March has now been revised down — wait for it — by 366,000 jobs! That’s right, we dropped 366,000 jobs in March vs. an originally reported up 50,000(ish) so an 800% miss in the data. Wow - good thing we didn’t know that then or the market might not have run up 7.5% between March 1st and April 26th! I wonder what other "lucky" statistical mistakes are being made during the current rally?
So don’t get me wrong, Democrats suck too but just not as much as Republicans and, since we really only have two choices - I have to go with the guys who at least have some kind of track record fixing an economy, because this one is TOTALLY BROKEN! Of course, poor unemployment numbers boosted the futures because futures traders are generally idiots who are in the highest tax brackets and only think in terms of how things affect them and no jobs means (in theory) more Quantitative Easing and low interest rates and cheap labor - it’s everything a Capitalist dreams of all coming true at once!
From a trading perspective - frankly my dears, we don’t give a damn. We are cashy and flexible and we hit shorts on the Dow yesterday for a quick 50% in yesterday’s Member Alert and we’ll be looking to do it again this morning if they are going to keep pretending that TERRIBLE news is good news. A test of 10,800 is my goal for today and, if not, we’ll certainly take some flyers for Monday, which is a semi-holiday in America which celebrate Columbus "sort of" discovering the country 500 years after Leif Ericson - all of which came as quite a surprise to the people who had been living there for thousands of years, who had this crazy idea that they had discovered the place…
We’ll have to digest this nonsense over the weekend and play it by ear into Member Chat this morning because anything can happen and probably will on what is likely to be a low-volume day. Sorry for the rant but I work feeding the hungry and that really touches a nerve for me so sorry, Newt, maybe you aren’t a totally disgusting, vile, son-of-a-bitch.
Ha! Ha, ha, ha, ha, ha, ha - ha! Ha, ha, ha. Ha!
Have a good weekend,
- Phil
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Selling books. He has a new one, and it's hard work drumming up real, honest to god buyers. Not at all like when he was Speaker of the House and running Go-Pac, and he could just call up his lobbyist friends and have them place orders for his scribblings.
Even Newt knows he has zero chance of ever being elected to anything again. His rock has been permanently turned over, and his special brand of hypocritical sleaze exposed.
Phil, I don't know why you bothered. The Republic party/teabaggers are not going to read things like 'facts'. As such, you are wasting your time.
w43, it would be a pleasure to get you in the octagon and choke you out for being such an elitist, treasonous twat. i hope we meet on the street someday and i recognize you by your foul smell. fuck you, big government lapdog.
Weiner...you are an ignorant idealogue...go to a tea party function and then repeat what you stated. I have found them to be bright and articulate people from both parties with a commen thread: government is too big (and intrusive) and we are taxed to much.
"The Republic party/teabaggers are not going to read things like 'facts'. As such, you are wasting your time. "
If I had a nickel for everyone with this kind of attitude who actually bothered to go to a Tea Party rally and witness it for themselves instead of simply accepting the lies and slander propagated by the MSM on the Tea Party... I'd be flat broke.
douche-baggy post
Was there supposed to be something about the stock market in this post? Otherwise, can someone please rid me of this fucktard.
Ilene has the mind of a 5 year old and sounds like she just came off a 12 hour Rachel Madcow marathon. I hate this political fingerpointing for the low IQ moron masses. Certainly has no place on Zerohedge.
You seem to be bitching because this is too close to the truth. Where are the free market Democrats? Gone..., they were purged.
As Anne Coulter frequently points out, there are good Republicans and bad Republicans. There are no good Democrats.
...there are good Repubs and bad Repubs.
Yeah. Too bad all the good ones are either dead or retired from political life in frustration. The likes of John Boehner ain't gonna cut it.
I could count the number of politicians on ONE hand that I would spare the charge of high treason. And yes, I could personally carry out the sentence myself..
this is too true.
that said, lying politicians are a reflection of the voters who lie to themselves.
"As Anne Coulter frequently points out"
Just.... stop.
This isn't about political 'parties'; this is class warfare. The only question is when the serious dying will begin. I sure would like to see it start with the Newtster. Let's see - he just dissed 40+ million people, the arrogant little prick. Wonder how many of them live in those cities he's 'touring'. Wonder how many are armed. Hmmmm. Dontcha just love that Second Amendment.
+++
Ah. Finally, someone gets it!
Why work?
Dumpocraps have ccreated entitlements for free food, free mcmansions, free cell phones, free health insurance, near permanent unemployment checks for part time workers, and little taxes for about 75%. Don't worry if it is a dogs mess.
Your side blows up the world economy, so the top 1% can rape and pillage with impunity, and you (and Newt, Rush, Glenn, Shawn, etc...) blame the main-street victims.
Why work?
Assuming you do work, try offering your job to one of those "freeloaders"... I'm sure they'd be happy to take it off your hands and let you join in on that "soft life" you seem to envy so much.
Pathetic.
you're such a "good person", SRV. defender of the poor, are you? ...with other people's money, of course!!
I've lived in East Garfield Park, Chicago, with every neighbor on the dole. if you had any idea what generational harm this is doing to our country, and how much dangerously anti-social behavior is festering and growing in these areas then i doubt you would be so fucking smug.
stay in that ivory tower and keep telling us how it is on the street, pussy.
i hope one of those thugs you defend stabs you for $5 between mugging little old ladies.
fuck you, SRV.
Bet you apply "Liberal" use of the middle finger... in the comfort of your cozy car too (if you have one).
i'd be offended if that made any sense. great comeback, SRV. is that all you've got?
So, I guess you are saying you are pro-Newt? LOL.
Poor Phil is a bit pissy today. He must have sand in his vagina again.
most people dont go to the bathroom in public; shut the door
Does this shithead mean to say things are better with liberals at the helm?
"Better" is a value statement.
To keep to facts, he's just showing
that under Dem administrations since 1928 the US has had more job growth than under Rep administrations,
that with Dem congress there is less pork than with Rep congress
that under Dem administrations the deficits run smaller than under Rep administrations.
Which you think is "better" is clearly a matter of taste.
Don't be a moron... we need to shut down this out of control government. That means ceasing all of their redistribution programs. Its time American's learned to be self sufficient again.
I absolutely agree! It's way past time that we stopped the redistribution programs to those welfare banking kings. I need for my shorts to start working again!
"Its time American's learned to be self sufficient again."
I AGREE! At least that is a system me and mine have a chance in!
Thanks Glenn!
I agree.. but don't we have to stop the dismantling of our industrial base so people have jobs to apply for?
Stop the dismantling of the industrial base? Hell that was already accomplished long ago.
http://www.youtube.com/watch?v=KLni3wbndls
the 'industrial base' would still be here if Americans would work for what they are worth (apparently, not much). sorry, its true.
Yup you can't complain about people getting food stamps while shipping jobs overseas - as usual follow the money. Big business benefits from shipping jobs overseas and the taxpayer pays for the food stamps - win win for them.
they are not YOUR JOBS, you dumbshits. try lowering your cost of labor, ask a wage that you are worth (not much), and others will stop "stealing your jobs".
grow up you fucking pussies. create some jobs yourselves. is this the land of opportunity or the land of handouts?
"shipping jobs overseas", "stealing our jobs", ...what a bunch of whiny dipshits. the world, and your fellow American, owes you nothing!!!!!!
http://www.youtube.com/watch?v=KLni3wbndls
Why can't all the open-borders-globalists just get along?
Those darned Kenyan anti-colonialists engaging in permanent warfare keep interfering
Politics are the smokescreen that cause people to overlook the real problems. I don't think it makes one whit of difference who is in the 'hotseat'. The banks have made sure of that.
If you are imagining that the people on this site are some sort of different breed than the theives that are in charge you need a wake up call. In general, the primary values of greed and social darwinism are essentially the same. The only thing that differs is the rung of the ladder the individual is on. Social and Economic axis do not intersect. Mutual assured destruction is inevitable.
There is a difference between those who profit by effort and risk-taking vs. those who profit by looting.
I know, it's much easier (and in vogue) to lump them both together with pejorative words like "selfish" and "greed".
+1
risk-takers direct capital where it can create return or be lost (where it can create a job, or be lost).
looting is a sure thing at someone else's expense.
..."i would expect a varsity letterman to know the difference", Bearster.
Ummmm, a difference, in what way?
Looting can require effort and risk taking.
Looters don't actually produce anything, and consequently have nothing useful to offer in a free marketplace. That is why they prefer to focus their efforts and risk-taking on stealing.
"Looters don't actually produce anything..."
Yes They Do
Campaign bribes to keep the fraud in place under official protection so the looting can go on...
A bipartisan effort I might add...
..and just what has the financial industry "produced" over the past couple of decades as their portion of the economy grew from about 15% to more than 40%? Seems like I have witnessed a whole lot of Looting but 'gentlemen' in very nice suits and shiny shoes.
Gingrich said that for reason..
he knows stupid americans will believe everything: 9/11 ( building 7 hello), iraq war( hello WMD),,, obama ( hope hello) etc etc etc...
my fellows americans became pussies... soft nice warm pussies... so...
alx
Yup, some are stupid enough to think that building 7 proves Bush did 9/11.
While it is not true that the Repubs are the party of jobs, it *IS* certainly true that the Demo's are the party of welfare.
Building 7 proves that either fire/explosions of fuel tanks in the basement cause buildings to collapse into their own footprints in a manner that is exactly alike to controlled demolitions, OR it proves that there were, in fact, controlled demolitions. If the latter option is the case, it also proves that the demolition was pre-planned, as in weeks before 9/11. If the former option is the case, it proves that we were witnessing an almost impossibly linear/non-chaotic collapse of a non-linear system.
Yup.. and some are stupid enough to think it came down as a result of a fire..
I don't think Bush did it.. But I don't believe the horse shit "official" story either.
Again, remove head from sand, realize that Dem/Repub are the two arms of the same mandingo who just can't get enough of your sweet ass.
Why does any rational adult spend any amount of time whatsoever contemplating the differences between puppet regimes? It is no more realistic than handicapping "professional" wrestling matches.
It seems that we live in a world filled with adult children, who will die defending a fantasy rather than admit it is fiction.
Cognitive Dissonance, indeed!