Obama’s Reign of Economic Destruction: Show Notes, 8-25-13 Program

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talk radio, The Teri O'Brien Show

Thanks to our terrific guest attorney Leah Durant of the Black American Leadership Alliance, a group that she founded to fight the amnesty for illegals that would be a disaster for the American middle class.

The depressing reality of ‘the recovery’: Americans aren’t getting jobs. They’re retiring.

New home sales plunge 13.4% (when people have only part time jobs, they can’t afford mortgages-DUH)

Retailers give mixed signals on consumer spending- MSN Money

75 Percent Of Jobs Created This Year Were Part-Time Due To Weak Economy, Obamacare Concerns

9.5 Million People Have Left the Workforce Under Obama | CNS News

If This Guy Is What The Future Of America Looks Like, We Are In Big Trouble | Zero Hedge (piece that has video of real life Jeff Spicoli, except he’s 27, not 17, who uses his $200 a month in food stamps to buy sushi and lobster at Whole Foods, and has ZERO interest in being a responsible, grown up man. Contains some very depressing stats about the state of young American men.)

DC March for Jobs – Stop Congress’ Amnesty Push (Leah Durant’s website, where you find more information about her group’s efforts to stop amnesty. Please check it out)

Black Leaders: Immigration Bill Will ‘Harm’ African American Workers

Shocking: Black Teen Unemployment Rate 41.6%

Obama: ‘Legacy of Discrimination’ Spurring Minority Poverty (yeah right. It couldn’t be your policies, Barry)

Norquist Suggests Immigration Bill Will Not Pass House This Year (Americans for Tax Reform’s Grover Norquist concedes that the amnesty he desires may not pass after all)

Watch What Happens After Husband Chases Down Hong Kong National Who Punched His Wife, 78, Over Her Anti-Abortion Sign | Video | TheBlaze.com (Another racial stereotype destroyed: “Asians are smart”)

Second Amendment Update

Disgusting-Sen. Dick “Eddie Haskell” Durbin, the walking embodiment of the truth that politics is a refuge for the mediocre, is abusing the power of his office to bully those who dare to exercise their First Amendment rights. He hates the First Amendment, but he REALLY hates the 2nd Amendment. What a national embarrassment this pudgy huckster is! Thanks to Illinois Review for all their terrific journalism on this ALEC issue. The question is where is Durbin getting this list of 300 private businesses to harass?

FLASHBACK: Archived-Articles: What’s a bigger national embarrassment – Gitmo or Durbin? (my American Thinker piece recounting the ways that Dick Durbin has made a horse’s ass of himself)

Durbin intimidates ALEC supporters over “stand-your-ground” laws – Illinois Review

The bully in the U.S. Senate – Illinois Review

Anti-gun group stirs “Stand-Your-Ground” debate as Durbin prepares for hearings – Illinois Review

How The NRA Built A Massive Secret Database Of Gun Owners (Those crack journalists at Buzzfeed have nailed the evil NRA for–wait for it–HYPOCRISY!! Those gun nuts, who constantly inveigh against a government gun registry, themselves have a massive secret database!!! I’ll speak slowly. The NRA is an organization that people join voluntarily, and its list is a membership list for marketing purposes. It is NOT a list of people who own guns with information about where they live of the type that anti-2nd amendment groups seek to create as a prelude to confiscating our guns, which has already happened in this country, just last April. See next link.)

Judge orders guns returned to Amherst man mistakenly identified as violating the SAFE Act – Buffalo (chilling stuff)

DHS Employee Who Operates ‘Race War’ Site Also Has Video Calling Obama ‘Mulatto Faggot’ | Mediaite (at first I didn’t understand why a federal government employee with a “Kill Whitey” website would be problem for the Obama administration. Now I get it. His video is “Video of the Day” today in the right side bar, if you’re interested.)

Justice Dept. Tries to Stop La. School Vouchers – ABC News (perfect illustration of liberal insanity-Eric Holder, U.S.A.’s first African-American A.G. sues to stop poor black children from escaping failing schools because allowing them to do so would upset “racial balance.” So law’s passed to eliminate racist segregation now operate to stop black children from getting a good education. Of course, Eric Holder, Barack Obama and other liberals don’t care because they don’t send their children to public schools.)

Middle East in Flames, U.S. Economy in Toilet, and Where’s Obama? Lying to Kids About Student Loan Cash Going to Obamacare

Just where you would expect him to be; that is, telling lies to groups of backward children on college campuses. He’s recycling one of his greatest hits from last year’s presidential campaign, bloviating about the high cost of college.

The student loan situation is a classic example of what happens when liberal “compassion” drives public policy. The inevitable result is cruel. The original idea: make college “affordable” for everyone. The policies put in place end up making it less affordable because huge federal subsidies only encourage increases in tuition and increases in administrator compensation. The law of unintended consequences strikes again.

I know that you will find what I’m about to tell you shocking, but Barack Obama isn’t exactly telling these bright, shining, admiring faces the whole truth when he undertakes these Children’s Crusades bus trips. For example, why isn’t he mentioning that part of the “savings’ that resulted from removing those evil big banks from the student loan process was used to fund his health care scheme? From Pat Dollard:

The Affordable Care Act is set to cost students enrolled in the government’s loan program $8.7 billion in extra interest over the next decade, according to a report published by the non-partisan Congressional Budget Office (CBO).

According to a report from the CBO, Obamacare is costing students enrolled in the government’s loan program an extra $8.7 billion in interest.
If savings were kept inside the loan program, instead of transferred to Obamacare, as some Republican senators are suggesting, they could allow the Department of

Education to lower student interest rates to 5.3 percent from 6.3 percent, according to the CBO.

What? These brainless screaming Obama acolytes don’t realize that they are suckers?

Wake up, Children. You have been had.

 

Obama’s Latest Vote Buying Scheme

As you no doubt heard, the latest example of the liberal racket, in which they create a problem with their income redistribution schemes, then confiscate money from the productive to hand out to their friends and mascots, while pretending to solve that problem, is Barack Obama’s plan to help poor, long suffering liberal arts grads suffocating under the crushing debt that they incurred to get their worthless degrees.

Do you think health care costs have skyrocketed over the last ten years? They have, but not as much as the cost of college. Now, I’ll bet most of you will answer the following question correctly, even if you didn’t go to college: did government intervention make college more or less expensive?

From the Michigan (as in University of) Daily:

Tuition data for the University’s Law School show the effect of government intervention. Adjusted for 2009 values, yearly tuition at the Law School in 1950 was $1,884 for state residents and $4,037 for out-of-state students. In 1950, the inflation-adjusted, median personal income was $18,103, meaning that students would have earned enough to pay off a year of tuition in less than three months.

Fast forward 60 years: tuition for the Law School is currently $41,310 and $44,310 for in-state and out-of-state students, respectively. The median personal income is approximately $25,000. Today, the average American would have to work more than 18 months to afford a year of tuition.

What caused the difference? Before World War II, there were no government loans or grants. When these things did not exist, college was inexpensive and affordable. Government intervention in education has caused costs to skyrocket.

Besides driving up the cost of education, the government is driving down its value. Since fewer individuals went to college before World War II, people didn’t stay in school very long before they joined the work force. Today, however, with guaranteed loans, droves of Americans obtain college degrees. Thus, the value of the degree has diminished. This is basic supply and demand. To stand out, a student must obtain a graduate degree or Ph.D. These students spend more years in college, accumulate more debt and delay their entrances into the work force, where they can actually make money.

Today, anyone who wants to go to college has access to a loan co-signed by the government. Students then bid and compete against one another for spots at universities with government money. There is no restraint on the demand, which causes an increase in prices. Universities love this, as it enables them to increase admission costs knowing that the government will guarantee the debt. If anything, college tuitions should be decreasing. We are currently in a recession and demand for highly skilled workers has diminished. Unemployment is high, and incomes and the economy are shrinking — yet college prices continue to rise.

Could colleges afford to charge $30,000 a year if government loans did not exist to support this artificially created demand? The answer should be obvious. These programs mean that colleges have no incentive to bring down costs.

The reality of everything that liberals say is the exact opposite. They always pay lip service to those who play by the rules, but they now they want to reward people who borrowed money and now expect to whine, beat on bongo drums and refuse to take showers so that they don’t have to pay it back. They claim to want to help “working families,” but now want to effectively shovel tax dollars into the coffers of elitist college professors and administrators who took oodles of cash under false pretenses.

Obama’s latest plan is breathtaking in its undisguised political cynicism. Rasmussen reports that most Americans oppose this racket, but that doesn’t matter. Remember, most members of this audience reside in the bottom of the Obama pyramid, the group whose job is to silently submit and pay while the royalty at the top live large, and those in the middle receive the favors they dole out. That’s why most of you will be expected to work until you drop dead so that members of public employee unions, especially school teachers, can retire in their late 50’s at 75% of their average salary. Now you are being asked to also pay for the “educations”, and I use that word very charitably, of spoiled brats whose votes are essential for Barack Obama’s re-election. It’s beyond nauseating, and if the American people allow this bunch to pull this scandalous plan off by not showing up in droves to vote them out, we deserve what we get.

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Politics, Pop Culture, the Hottest Issues of the Day, and Your calls. The Teri O’Brien Show, featuring America’s Original Conservative Warrior Princess, Live and in color, Sundays 4-6 pm Central time  at http://www.blogtalkradio.com/Teri-OBrien. Daring to Commit Common Sense, Fearlessly, and More Important, Cheerfully, in the Age of Obama.

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