A Further Perspective

A Further Perspective

The Coming Obamacare Bailout

By 11.5.13

Think back to the fall of 2008. Congress was asked to pass a $700 billion taxpayer bailout for Wall Street. We were told it had to be passed, or else the economy would collapse, perhaps into another Great Depression.

House conservatives voted it down. The stock market fell hundreds of points in response. In the ensuing panic, Congress went along and passed the bailout.

That bailout, and the insane, nearly $1 trillion “stimulus” bill passed just a few months later as Obama’s first act, gave birth to the Tea Party revolution that gave Republicans a 63-seat landslide in the House in the 2010 elections. Voters supported that to stop the run on taxpayer funds.

Next on the horizon is an Obamacare “death spiral” for the private health insurance industry. Taxpayers will now be told a new bailout of hundreds of billions for the private health insurers must be passed, or else private health insurance will go out of business under Obamacare. That would leave the government in complete control of American health care, especially as he who pays the piper calls the tune.

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A Further Perspective

No Pullback, No Retreat

By 11.4.13

Russell Moore, the new political spokesman for the Southern Baptist Convention, has clarified that he’s not urging Christian political withdrawal, as a recent Wall Street Journal profilesurmised (“Evangelical Leader Preaches Pullback From Politics, Culture Wars”), and to which George Neumayr responded in The American Spectator.

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A Further Perspective

A 101-Year Recovery

By 11.4.13

In September, the U.S. economy added 126,000 private sector jobs, the second-worst month of hiring by employers in the private sector this year, reported the Labor Department last month.

The 126,000 jobs number is down slightly from the monthly average of 129,000 private sector jobs added during the three months of July through September.

More significantly, and illustrating a clear-cut slowdown in an already-sluggish economic recovery, September’s 126,000 private sector jobs increase is a 34 percent drop from the average of 190,000 private sector jobs added per month to the U.S. economy in the April-June quarter.

In addition to these 126,000 new jobs in the private sector, government payrolls expanded by 22,000 jobs in September, producing a combined increase of 148,000 non-farm jobs.

This September total expansion of 148,000 jobs in the private and public sectors combined is a 23 percent decline from the 193,000 jobs added in the private and public sectors in August.

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