The August Jobs Report - Awful!

President Obama got a real life rebuke the day after his abysmal acceptance speech in the form of a toxic August jobs report.

As Mitt Romney aptly put it, if yesterday was the party for the Democrats, today is the hangover.

Unemployment remains at 8.1%, and remember, that''s the cooked 'official' U-3 unemployment rate. It accounts only for the people who are receiving or have applied for unemployment benefits and are actively seeking work.

The U-6 rate, which government never trumpets is a lot closer to reality. It includes people no longer actively seeking employment, people who are not covered by unemployment, like people hired as independent contractors or the owner of the small dry cleaning business or restaurant that closed its doors in your neighborhood last week or people let go with not enough quarters of employment to qualify for benefits or from part time and seasonal jobs. That rate as of August 31 2012 is a whopping 14.7 %!

Not only that, but the rate is artificially low because of the historic drop in labor force participation AKA thenumber of people available toworkif the jobs are available. Simply put, if you have a certain amount of water in a glass and then just transfer the water to a smaller glass, the portion of the glass that's filled seems bigger, even if it really isn't.

368,000 Americans dropped out of the labor force last month, which brings the number of Americans the U.S. Department of Labor counts as part of the labor force - those people if they are at least 16, are not in the military or an institution such as a prison, mental hospital or nursing home, and whom either do have a job or have actively looked for one in the last four weeks - to an historic record of 88,921,000 Americans, with a net 119,000 fewer peopl employed in August than in July. If the lqabor force partivcipation had stayed the same instead of falling of precipitously, the cooked U-3 unemployment rate would have been 8.4 %.

Even worse, the Labor Department also revised the employment numbers for June and July admitting that 41,000 fewer jobs were created in than they previously reported.
This isn't as picture of even a mild recovery no matter what the spin dopctors at the White House tell you. It's a portrait of a stagnant economy going nowhere with the wheels starting to come off.

And President Obama wants to cripple it even further by assessing more taxes - ooops, sorry, 'new revenues' - implementing the tax increases inherent in ObamaCare and borrowing more money for green energy scams run by his donor cronies.

If America was a corporation, it would already be in receivership, and this president would have been fired a long time ago for gross misconduct and willful negligence, not to mention being sued in civil court for damages.

Oh Dear! The Latest Democrat War On Working Women...

At least when it comes to the President's secret Service detail!This reminds me of an old joke that I'll spare you...

As Advertisers Come Crawling Back, Rush Not Interested In Restoring Ties

Apparently Rush Limbaugh meant what he said when he told his listeners, "Those advertisers who no longer want your business, fine, we'll replace them."

He was also apparently telling the truth when he said that a number of advertisers who pulled their ads in response to Leftist pressure were begging to come back.

One of them was Sleep Train, the first advertiser to pull its ads from Limbaugh's show and someone who had been advertising on Limbaugh's show for 25 years. When they asked to return and tried to book a voiced endorsement, the highest priced kind of radio ad where the host endorses the product, they were turned down cold.

The Blaze managed to obtain the email that a Limbaugh representative sent to Sleep Train President Dale Carlsen:

Thank you for your requests last week and this week to restart your voiced endorsement in local markets of The Rush Limbaugh Show, Rush received your requests personally.

Unfortunately, your public comments were not well received by our audience, and did not accurately portray either Rush Limbaugh’s character or the intent of his remarks. Thus, we regret to inform you that Rush will be unable to endorse Sleep Train in the future.

Rush appreciates your long friendship and your past support, and we wish you good luck in the future.

What's that old saying again? Screw me once, shame on thee. Screw me twice...

Kudos to El Rushbo for being a man of principle and showing these weasels the door.

No Honor among Thieves - Arlen Spector's Angry At Obama For Betraying Him

Remember Arlen Spector? The genuinely nasty RINO ex-Senator who betrayed Pennsylvania's voters and his own party to become the 60th vote for ObamaCare?

Apparently the senator's angry he didn't get his promised payoff:

Former Sen. Arlen Specter (Pa.) writes in a new book that President Obama ditched him in the 2010 election after he helped Obama win the biggest legislative victory of his term by passing healthcare reform.

Specter also claims that Senate Majority Leader Harry Reid (D-Nev.) did not uphold his promise to grant him seniority accrued over 28 years of service in the Senate as a Republican.{...}

Specter writes that Obama turned down a request to campaign with him in the final days of the primary, because the president’s advisers feared he would look weak if he intervened and Specter lost. {...}

The snub was made all the more painful by Obama flying over Philadelphia en route to New York City a few days before the election and then on primary day jetting over Pittsburgh to visit a factory in Youngstown, Ohio, 22 miles from the Pennsylvania border, to promote the 2009 economic stimulus law. The painful irony for Specter is that his vote for the stimulus legislation, which was instrumental to its passage, hastened his departure from the Republican Party.{...}

Specter believes Reid acted with “duplicity” while managing the party switch. Specter said Reid promised him that he would be recognized on the seniority list as a Democrat elected in 1980, but failed to deliver on it.

Had Specter been given the seniority he was promised, he would have become chairman of the powerful Labor, Health and Human Services Appropriations subcommittee and next in line to chair the Judiciary Committee.

Instead, Reid stripped Specter of all his seniority by passing a short resolution by unanimous consent in a nearly-empty chamber, burying him at the bottom of the Democrats’ seniority list.

Specter found out about it after his press secretary emailed him a press account of the switch. Specter was floored that Reid had “violated a fundamental Senate practice to give personal notice to a senator directly affected by the substance of a unanimous consent agreement.”

Somewhere I hear John Bolton giggling.

Typically, Spector's whining rant is not quite accurate. After all President Obama did try to help him by illegally offering his primary opponent Joe Sestak a federal job to stay out of the primary. What more did he expect? They used him and simply dumped him when he wasn't useful anymore.

You can't ever do enough for some rats...the more you feed 'em, the more they want.

Believe It or Not, I Just Felt A Moment Of Sympathy For President Obama

Just heard over the local ABC News: In an interview with Barbara Walters for a holiday edition of 20/20, President Obama and his spouse were just interviewed.

The president's response to being asked who he would be if he could be anyone else was to pass. Michelle Obama? She said she'd want to be their dog Bo,because in her words, "He has a great life."

When asked if he had any complaints about his spouse, the president said he had none. Michelle Obama? She reportedly said her list was too big to mention!



Petulant, back stabbing and perpetually dissatisfied, even when living off the fat of the land. Can you imagine being married to someone like that and waking up next to them in the morning?

Yes, I admit it. I actually had a moment of sympathy for President Obama then and there.

Besides, he gave me a great laugh with his reported answer to Ol' Bawbwa when she asked him if he ever lied. His reported response? Only to family and close associates!

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Source: "Herman Took Advantage Of Seniority And Power With A Young Woman. It Was An Abuse Of Power."

Not from the Politico or the New York Times, but from conservative site Pajamas Media.

They're claiming that two sources have told them that a female employee of the National Restaurant Association told associates she had been taken by Herman Cain to his Crystal City, Virginia residence where she alleged “he had taken advantage of me.”

One source, a male, told PJ Media:

"Herman took advantage of seniority and power with a young woman. It was an abuse of power."

Implying that coming forward with the accusations was an ordeal for the young woman, the source also said:

"Who do you believe, a CEO or a mid-level staffer? It was unsettling for her to make charges."

The name of the woman — who was in her early twenties at the time of the alleged incident — has been confirmed by PJ Media. We have chosen not to reveal her identity for reasons of discretion.

Both sources, one male and one female, worked at the time — mid-1990s — for the governmental affairs department of the National Restaurant Association, as did the woman.

According to the female source, Mr. Cain and the woman had been with a large group for a long evening of food and drink at the Ciao Baby Cucina, a restaurant near NRA headquarters in downtown Washington, D.C. This was a normal routine, as the trade association worked with the food and beverage industry. Afterwards, Mr. Cain allegedly took the woman by taxi to his apartment, where she spent the night and woke up.

The female source told PJ Media that she witnessed the woman and Herman Cain break away from the large group as part of a smaller group.{...}

Both sources claim that during this period following the incident while the woman was still employed, the NRA’s human resources office held many “closed door meetings” that included her. The woman’s parents retained legal counsel and arranged an undisclosed financial settlement.

Today, the NRA is expected to meet with attorney Joel P. Bennett, who represents one of the women who have made claims against Mr. Cain. Bennett has stated he wants the NRA to terminate a confidentiality provision which bars his client from revealing the grounds for the settlement.

All this comes on top of allegations by conservative talk radio host Steve Deace, who claims that Herman Cain said “things to both of my female staffers that at best are professionally awkward if not inappropriate over the last several months.”

At least now, we have some specifics that go beyond allegations of inappropriate words or gestures.

Again, if a company paid two separate accusers a years' salary on behalf of Herman Cain, there's no way he couldn't have known about it. So in the multiple and constantly changing stories he given the public, he was simply not being candid.

Another point I think is worth mentioning. It is certainly possible that in this case, the sex could have been consensual, or simply the result of a little to much to drink on the part of the woman mentioned above. Perhaps she simply changed her mind about things after the fact. That's not exactly unknown.

But the fact remains that if Herman Cain as a married CEO was guilty of this kind of lapse in judgment with one of his employees, that is evidence of stupidity that makes it even more clear than his serial gaffes that he's not qualified to be president.

In other news, the Cain campaign has backed down from its claim that the Rick Perry campaign was behind this. Yet another dumb move on their part that backfired.

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Obama's Teleprompter Kidnapped!!! The President Is Speechless

I regret to inform you that the TOTUS has been kidnapped along with President Obama's podiums, presidential seal and a truckload of other sound equipment by persons unknown when the truck carrying them was stolen in the midst of the president taxpayer funded campaign swing.

The truck was found abandoned outside Henrico, Virginia.

The president, shown here above frolicking with his beloved TOTUS in happier days was not available for comment, but special presidential aide Charles 'Tick' Jamal spoke briefly with the press:

"The president is obviously speechless and distraught over the incident. He and TOTUS have a uniquely close and personal relationship. The FBI is currently working with the local authorities trying to ascertain the facts of the case. There has not yet been any communication or ransom demands from the kidnappers."

A Defense Information Systems Agency spokesperson who spoke on background added, "No classified or sensitive information was in the vehicle. We take incidents such as this very seriously and a formal investigation is continuing."

A nation waits and hopes. Or at least an Administration does. I'll keep you posted as new details come in.

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Germany Spanks Geithner,EU For 'Stupid Idea' On Euro Bailout

German finance minister Wolfgang Schauble had some harsh words for the plan US Treasury Secretary Timothy Geithner brought over from the Obama Administration to inflate the EU's bail-out machinery (EFSF) beyond its €440bn lending limit..you know, sort of what President Obama has done here.

I don't understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense," he said.

Mr Schauble told Washington to mind its own business after President Barack Obama rebuked EU leaders for failing to recapitalise banks and allowing the debt crisis to escalate to the point where it is "scaring the world".

"It's always much easier to give advice to others than to decide for yourself. I am well prepared to give advice to the US government," he said.

Ziemlich klar!

As I mentioned before, the Germans have finally revolted and there no way they're going to trash their own economy to bail out Greece, Spain, Ireland or Italy any further. The first scheme, involving eurobonds with Germany's tax payers subsidizing the interest rates was DOA, and pumping up the EFSF artificially isn't going to fly either.

The euro is doomed...it's only survived this long because the Fed is propping the euro up with 'dollar swaps', which means the Fed is buying euros for dollars at an artificial rate to keep it from crashing through the floor. That's literally the Old Jack and the Beanstalk trade in real life, with billions at stake.

Greece will almost certainly default, even though Greek PM George Papandreou vowed that his country would honor its austerity agreement. However, it's highly unlikely, and once Greece goes, it will likely take the rest of the euro zone with it, because it will provide a precedent to the other member nations who are now in deep economic trouble.

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James Carville - 'My Advice to The White House? Panic.'

My, my...Serpenthead appears to be seriously out of love with President Obama.

People often ask me what advice I would give the White House about various things. Today I was mulling over election results from New York and Nevada while thinking about that very question. What should the White House do now? One word came to mind: Panic.

We are far past sending out talking points. Do not attempt to dumb it down. We cannot stand any more explanations. Have you talked to any Democratic senators lately? I have. It's pretty damn clear they are not happy campers.

Carville's advice to the president is typical for a hyper-partisan Democrat...fire, indict, fight. Or, to translate, find some scapegoats to take the blame for the administration's abysmal failures, beat the class warfare drum by indicting some bankers and Wall Street types and sending them off to the guillotine in the tumbrils, and amp up the rhetoric.

The only problem is that none of them would work, except with True Believers. The president has been playing to he blame card since he was sworn in and people are tired of it, and throwing a few bankers to the mob might be inconvenient in terms of revealing ties to the president and the impact on our already faltering economy. And the rhetoric? We've heard it all before.

If you're President Barack Obama and you lose an über-Democrat apparatchnik like James Carville, it really is time to panic....this is better than Lyndon Johnson's Walter Cronkite moment on Vietnam. While Serpenthead is seriously deranged when it comes to actual policy or anyone with an R next to their name, the man does know the horse race aspect of politics pretty well.

The odds on Hillary Clinton launching a primary challenge against King Putt just went up to 45%.

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China Bails Out Of Short term US Treasuries

In another sign that foreign appetite for buying up US debt is coming to a halt, China has now divested itself of 97% of its holdings in short term US securities.

The Chinese went from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.

Short term T-bills are those that mature in one year or less.

The Chinese still hold a lot of long term treasuries, but they've been decreasing their holding incrementally over the past five months from November through March. As of March 2011, overall Chinese holdings of U.S. debt had decreased to 1.1449 trillion.

What does all this mean? First the Obama Administration's Quantitative Easing was always nonsense, and Sarah Palin was right on the money when she said so, well before the mainstream caught up with her.Second, higher interest rates are on the way, because President Obama and the boyz still have to sell our debt to fund all the wonderful spending he's done ..which of course means that debt servicing will cost still more as we attempt to pay down the debt and making fixing the whole mess he and his cohorts have gotten us into much more difficult to fix.

Thanks you, Dear Leader!

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Obama Embarrasses Himself Before The Queen of England

President Obama committed an awkward gaffe at Buckingham Palace tonight. He rose to propose a toast to Her Majesty, Queen Elizabeth saying “Ladies and gentlemen please stand with me and raise your glasses as I propose a toast,” the president said, putting down his note cards and grabbing his glass. “To her majesty the Queen.”

The correct British custom when performing the Loyalty Oath, as it's called, is that after you say "To the Queen", or in this case, "To her majesty, the Queen", that's the cue for the orchestra to start to play the British national anthem, "God Save The Queen". Everyone stands while the anthem is being played just as we do here, and the toast is drunk once the anthem is finished.

Except President Obama had some more of his tortured rhetoric to deliver and continued talking during the beginning of anthem as the orchestra played!

Needless to say, this was as big a faux pas as if someone had been yakking at a state affair during "The Star Spangled Banner", and the Queen smiled uncertainly throughout. Thankfully, the president at least had the sense to put his glass back down on the table and not chug his wine while the anthem was playing.

Admittedly this is a small if amusing deal. But haven't we always been told how sophisticated and brilliant this president is, and how much better he was going to get along with our allies?

It's obvious that that so-called ignorant cowboy President George W. Bush knew better than to do this - if he ever had, it would have been a front page story in big headlines across the country.

(hat tip, Louie Louie)

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Arnold Schwarzenegger Embroiled in Scandal Over Love Child With Employee

Ah, well.

For those of you wondering what happened to the Schwartzenegger's 25-year marriage, it's apparently surfaced that the Gubernator had a child with a longtime member of his household staff.

Apparently his wife, Maria Shriver Schwartzenegger, moved out of their Brentwood mansion earlier this year after she found out about it, confronted Ah-nold and he admitted that the child was his.

Apparently Governor Schwartzenegger spilled the sauerkraut himself:

"After leaving the governor's office I told my wife about this event, which occurred over a decade ago," Schwarzenegger said Monday night in a statement issued to The Times in response to questions. "I understand and deserve the feelings of anger and disappointment among my friends and family. There are no excuses and I take full responsibility for the hurt I have caused. I have apologized to Maria, my children and my family. I am truly sorry.

Apparently the Gubernator did the proper thing, acknowledged paternity and contributed financial support for the child right from the start. I can't imagine how he kept this quiet for so long.

Hopefully they'll patch things up, but it looks dicey.

Ann Coulter, of course, has the last word: "It's official. Arnold's a Kennedy."

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