Obama to Unveil New ‘Cap & Tax’ Regulations on Monday, For the Children

Obama New RegsWannabe King Obama Will Bypass Congress (Again) to Implement
his Previously Failed ‘Cap and Tax’ Plan

(Bloomberg) President Obama said today that his administration’s plan to combat global warming, climate change climate disruptions will be unveiled next week is for the children.

In 2009 and with a Democrat controlled Congress, Obama’s “Cap & Tax” plan was met with resistance and was criticized by then West Virginia Democrat Robert Byrd and died in the Senate without further consideration.

Flashback: Remember in January, 2008 when Obama told the San Francisco Chronicle that under his plan energy costs will necessarily skyrocket.

Obama’s new environmental regulations all comes at a time when the nation’s economy stalled in the 1st Qtr with GDP falling to -1%, growing inflation fears with food prices up in 2014 by 19% and a shrinking workforce according to the Bureau of Labor Statistics, which reports the labor participation rate in April fell to 62.8% unseen since Jimmy Carter was president 35 years ago.

How long will it be before Obama shatters that dismal labor force participation record with his disastrous new regulations that already steals more than $1.8 Trillion from a struggling, anemic economy teetering on the brink of a triple dip recession?

Related: Cap and Trade: A Scam Based on a Scam –Canada Free Press

White House Turns Blind Eye on Democrats Who Oppose Climate Rules

California Senate OKs Persistently High Unemployment & Joblessness

McDonald's FranceRaising the California Minimum Wage to $13.00 an Hour Will Force Big Changes in Many Businesses –Image Courtesy: 960 The Patriot@Twitter 

(Asian Journal) On Thursday, the California State Senate voted 21-12 to raise the state’s minimum wage to at least $13.00 an hour by 2017 sending it to the Assembly.

Presently, California’s minimum wage stands at $8.00 an hour, pursuant to the Senate bill should it become law according to NBC Los Angeles the state’s minimum wage would rise to $11.00 an hour by 2015, $12.00 by 2016 and $13.00 in 2017–Tipped workers would also make $13.00 an hour.

In June 2012 CATO Institute published an article worth noting: The Negative Effects of Minimum Wage Laws pointing out the business reality that lawmakers choose to ignore:

“There is no ‘free lunch’ when the government mandates a minimum wage. If the government requires that certain workers be paid higher wages, then businesses make adjustments to pay for the added costs, such as reducing hiring, cutting employee work hours, reducing benefits and charging higher prices.

Some policymakers may believe that companies simply absorbs the costs of minimum wage increases through reduced profits but that is rarely the case. Instead, businesses rationally respond to such mandates by cutting employment and making other decisions to maintain their net earnings. These behavioral responses usually offset the positive labor market results that policymakers are hoping for.”

According to California Democrat State Senator Mark Leno’s bill SB 935 after 2017 the state minimum wage would be adjusted annually to keep pace with inflation, no matter what market forces (prices of goods and services, costs of transportation/delivery, recession, business closings, etc) otherwise dictates–the end result…

McDonald's WorkersMcDonald’s & Other Fast Food Workers Meet Your Replacement
Image: Krispy Momma@Twitter

Related: California is Worst State for Business in 2014 –Chief Exec.net

California Nations #1, #2, #3, #5 and #9 Highest State Income Tax Rates

Posted in California, Economy. No Comments »

China Regime Decries Call to Name D.C. Street After Chinese Human Rights Activist Liu XiaoBo

Liu Xiao-Bo Address Change

(Reuters) China regime today criticized a group of Congressional Members calling on Washington, to name a street near the Chinese Embassy, after imprisoned human rights activist Liu XiaoBo calling it a “provocation” and “ignorant.”

On the 08 December, 2008 the Chinese regime arrested prominent human rights activist Liu XiaoBo after he co-authored Charter 08 a 2008 manuscript which was signed by hundreds of Chinese citizens calling for Democratic reforms in China and an end to Chinese Communism one party rule.

In 2009 I wrote here that Chinese authorities launched a huge crackdown on signatories of “Charter 08”  which had been hailed as the most significant act of public dissent against the China regime since the Tiananmen Square pro-democracy protests that were crushed nearly 25 years ago next month.

More here from ‘Go Petition’ Free Liu XiaoBo

Sure, the Guy at the Top of the VA Scandal Should be Fired–Obama

Fire the Guy at the TopFire the Guy at the Top –Image: TPNN

(Politico) Now comes word that Obama will meet with VA Secy Shineski this morning and the two will supposedly have a “serious conversation” about the growing VA scandal and whether the guy at the top can adequately handle the problems at the Veterans Administration?

Obama VA ScandalNearly six years into his presidency, Obama can’t seem to handle much of anything well, shouldn’t the guy at the top resign or in the alternative, Congress finally do the right thing and fire him, for the good of the country?

Related: The VA Scandal is Barack Obama –Politically Short

Krauthammer: VA Scandal, Economy, a Crisis of Competence for Obama

Obamanomics: U.S. Economy Contracts in 1st Quarter GDP -1%

1st Qtr GDPObamanomics: U.S. Economy Stalls in 1st Qtr –Image: WSJ@Twitter

(FiveThirtyEight) We already know the economy stalled out at the start of 2014, turns out, it shifted into reverse–U.S. GDP fell at an annual rate of 1% in the first three months of 2014 the Bureau of Economic Analysis reported on Thursday.

This is just the 10th time since W.W. II that GDP growth has been negative outside a recession. Three of those negative quarters immediately preceded recessions.

Flashback: Remember when Obama signed into law his ‘Economic Stimulus’ plan and claimed,“I don’t want to pretend that this marks the end of our economic problems…Today does mark the beginning of the end.”


Related: ‘Consumer Comfort’ Index Collapses to 6 Mo Low –Zero Hedge

Longterm Jobless Still More Than 1/3 of Unemployed –MarketWatch

With all of the Scandals (VA, Benghazi, IRS Targeting of Conservatives…) Obama’s Priority Today, ‘Sports Concussions’

Obama Sports ConcussionsObama is Sure he Suffered Concussions Brain Injury Playing Sports
Image: Caleb Howe@Twitter

(USA Today) One would think that given all of the recent scandals involving the (Veterans Administration, Benghazi, IRS Targeting of Conservatives and Tea Party groups, NSA Spying on Americans, GSA Wasteful Spending, Fast and Furious…) that a president that is truly devoted to getting to the bottom of them, would have better things to do with his time than hosting a White House ‘Sports Concussion Summit’ today with sports enthusiasts, while American Heroes are being denied care at 42 VA hospitals across the country and dying.

What about their safety concerns, Mr. Obama?

Why Does Obama Believe that Islamic Jihadists Offers the Best Hope For Syria?

Obama at West Point: The U.S. Will Use Military Force Unilaterally When Our People are Threatened…Uhm, What About American POW Bowe Bergdahl?

Obama West PointObama Addresses Graduating Class at West Point This Morning –Image: Texas Conservatives@Twitter

(WaPo) Addressing West Point Cadets this morning, Obama claimed:

“Al-Qaeda’s leadership on the border region between Pakistan and Afghanistan  has been decimated and Osama bin-Laden is no more…Here’s my bottom line, America must always lead on the world stage—let me repeat a principle I put forward at the the outset of my presidency. The United States will use military force, unilaterally if necessary, when our core interests demand it, when our people are threatened…”

Uhm, Mr Obama: What have you done then to rescue American POW Alleged Deserter Sgt Bowe Bergdahl captured by Islamic Jihadists during your watch in Afghanistan?  Don’t you consider Sgt Bergdahl’s life threatened?

**Update** Since this article, Bowe Bergdahl has been accused of desertion from the U.S. Army and may face criminal prosecution.

Congratulations to ‘Tea Party’ Endorsed Candidate Dan Patrick for Texas Lt Governor

Dan Patrick Tea PartyCongratulations to ‘Tea Party’ Endorsed Dan Patrick for Winning Texas GOP Primary for Lt Governor –Image: Republican Thinker@Facebook

Related: Dan Patrick Defeats Dewhurst in Texas GOP Runoff –Twitchy

Posted in Tea Party. No Comments »

IRS Bruiser to Job Creators: Pay $100 Penalty Per Day $36,500 Year for Each Employee Dumped into ObamaCare Exchange

ObamaCare IRS

(NY Times) Many employers (job creators) thought they may be able to hold on to employees by shifting the costs of health insurance premiums to them by providing their workers with a tax-free contribution so they could buy their own health insurance wherever they may please–what could be wrong with that?

Not so fast according to the Obama Administration which has nixed this plan in a new IRS ruling that forbids employers from dumping their employees into the ObamaCare exchanges by levying a $100 a day fine ($36,500 annually) for every employee that is provided money to purchase their own health insurance–thereby raising the costs on businesses to actually maintain employment levels.

“For decades, employers have been assisting employees by reimbursing them for their health insurance premiums and out-of-pocket costs,” said Andrew Biebl, a partner in CliftonLarsonAllen, LLPAccountants based in Milwaukee. “The new federal ruling eliminates many of these arrangements by imposing an unusual punitive penalty.”

Raising the costs and regulations on American businesses does not incentivize companies to add more jobs or increase wages, according to a recent Congressional Budget Office report on ObamaCare which confirmed what many of us had already believed, that the ACA is having a tremendously negative impact on economic growth.

Besides the latest IRS regulatory burden that ObamaCare will have on economic growth and opportunity, the Natl Federation of Independent Business Research Foundation estimates the ObamaCare ‘Health Ins Tax’ will result in a further reduction in private sector employment of 152,000 to 286,000 jobs, with California being hit the hardest and a loss of between $20 to $33 Billion of economic activity by 2022

ObamaCare Health Insurance TaxObamaCare ‘Health Ins Tax’ Could Cost Up to 286,000 Jobs

When even the Federal Reserve admits that ObamaCare is hurting the economy, its long past time that it must be repealed.