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Wednesday, July 6, 2011

Conservative on Target! African Aid, Gimpy Motors, Fake Jobs, Poverty Catastrophe and The Shaft

HALL of SHAME! GOP Slams Obama Administration for Bringing Somali Terror Suspect to U.S: "Why is a man who is a known terrorist and enemy of the U.S. being afforded the protection of an American citizen?" Senate Republican leader Mitch McConnell said on the Senate floor Wednesday. "It is truly astonishing that the administration is determined to give foreign fighters all the rights of U.S. citizens regardless of where they are captured." [ Well – Obummer found yet another way around Guantanamo and We The People have once again gotten the shaft from a President who has no shame! – JS ]



Billions upon billions of dollars have been spent on the "War on Poverty." The results have been catastrophic. Walter Mead reports: "There is more drug addiction and more social and family breakdown among this population than when the Great Society was launched. Incarceration rates have risen to levels that shock the world (though they make for safer streets); the inner city abortion rate has reached levels that must surely appall even the most resolute pro-choicers not on the Planned Parenthood payroll."


The High Price of Obama's Fake Jobs Scheme:

  • At an average of 260,000 net jobs added per month, unemployment will not return to its natural rate until August 2014.
  • At an average of 216,000 new jobs per month, it will take until October 2015 to return to normal. …
  • During the 2003–2007 expansion, employers added an average of 176,000 jobs per month. If the recovery takes that more recent pace, unemployment will not return to normal rates until January 2018.
  • What if the economy continues at its current pace? In that case, Sherk says, we'll be stuck with high joblessness into the distant future—the unemployment rate in January 2021 would stand at 7.4 percent.


General Motors is right back to where it was before the taxpayer bailout; dealers are saddled with an oversupply of trucks, leading the automaker to cut production.


365 Ways to Drive a Liberal CrazyCampaign against aid for Africa—which has the opposite effect of the one intended: Between 1970 and 1998 when well-meaning foreign aid was at its peak, the poverty rate in Africa rose from 11 percent to 66 percent. Why? Because foreign aid ended up in the hands of corrupt dictators—who are estimated to steal around $10 billion (about half Africa's foreign aid receipts) every year. Argue that what Africans need is "shock therapy," not liberal NGO workers swanning round the country in Land Cruisers. Free trade, property rights, and open markets will do far more than cash handouts. Say you got all this from a book called Dead Aid by a black African Harvard masters graduate, Dambisa Moyo.

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