Southern Independent ConservativeNatural Born Conservative II
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Mitt Romney's Defining Moment | Indexing the Minimum Wage
Is Mitt Romney a Liberal?
By: Larry Walker, Jr.
As Economist Thomas Sowell relays, in his piece entitled, A Defining Moment, "Mitt Romney has come out in support of indexing the minimum wage law, to have it rise automatically to keep pace with inflation."
But according to Dr. Sowell,
"We have gotten so used to seeing unemployment rates of 30 or 40 percent for black teenage males that it might come as a shock to many people to learn that the unemployment rate for sixteen- and seventeen-year-old black males was just under 10 percent back in 1948. Moreover, it was slightly lower than the unemployment rate for white males of the same age."
You may read the full text at Jewish World Review.
So what happened? Liberals imposed a series of minimum wage laws, virtually assuring today's devastating rates of black teenage unemployment. So is Mitt Romney a Liberal? I can't say for sure, but he's most definitely not a conservative.
That’s right, lie to us Mitt. For we must defeat Obama at al...
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Will Mitt Romney Repeal Obamacare?
* Does a President have that authority?
* By: Larry Walker, Jr. *
In his Nevada victory speech, Mitt Romney once again publicly declared, “I will repeal Obamacare”. How so? Will Willard Mitt Romney single-handedly repeal Obamacare?
Although I am in favor of repealing Obamacare, and replacing it with a free-market solution, the last time I checked the Constitution, I wasn’t able to locate any passage granting the President of the United States the sole authority for repealing any law. Frankly I’m tired of hearing the same old false promise over and over again.
The truth is that in order to repeal or amend any federal legislation, Congress is required to follow the same procedures used in passing any new legislation. In other words, a new bill must be introduced by Congress either repealing or amending the existing law, and then it must pass both Houses of Congress, before being signed by the President.
So although the currently Republican controlled House of Representatives would ...
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Manipulation 201: Playing With Unemployment
*“Mene, Mene, Tekel u-Pharsin” ~ Book of Daniel, Ch. 5 *
* By: Larry Walker, Jr. *
The writing's on the wall! The massive decline of new entrants to the civilian labor force, which is shown graphically in the chart above, directly impacts the unemployment rate, making the employment situation appear far better than it actually is. If the 9.3 million workers who have effectively dropped out of the labor force, since the end of 2008, were instead of being excluded, counted as unemployed, the real unemployment rate would be 13.5% instead of yesterday’s published rate of 8.3%. Even if only half of those who have been incontestably and wrongfully removed from the labor force were counted, the unemployment rate would be 10.9%, not 8.3%. Never before in history has there been a more blatant manipulation of official labor statistics.
Those focusing all their attention on the number of jobs created in recent months are focusing on the wrong data. Lest we forget, the Bureau of Labor Statistics...
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Mitt Romney’s Pro-Immigration Rant
* Leading with the chin. *
* By: Larry Walker, Jr. *
Mitt Romney argued haphazardly, in the January 26th GOP Debate, that he is pro-immigrant, because his father was born in Mexico. Ah, so that’s it. He shouted, "Mr. Speaker, I'm not anti-immigrant. My father was born in Mexico...” That little proclamation was worse than his implication that Swiss and Cayman Island bank accounts somehow help create jobs in America. When I heard the former, my first thought was, ‘what does that have to do with being pro-immigrant’? And upon hearing the latter, I laughed out loud.
Was Romney’s father a Mexican immigrant who waited in a long line to cross the U.S. border “legally”? Well, not exactly. I believe Mitt’s grandparents sprinted across the border twice; once as felony fugitives of the United States government, and the second time to escape a band of Mexican marauders. So it sounds more like a matter of self-deportation followed by an act of forced-deportation than anything else.
Frankly, I would...
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Video | Newt Gingrich Delivers Keynote, Gets Cain's Support
* By: Larry Walker, Jr. *
Last night, GOP Presidential Candidate Newt Gingrich delivered an inspirational keynote speech at the Palm Beach County Republican Party's 2012 Lincoln Day Dinner.
Congressman Allen West led off by defining the American value of equality of opportunity. Then Chairman Sid Dinerstein explained that scarcely any of the jobs created under the Obama Administration were full-time jobs, that nearly every single one of them has been part-time.
Next, Palm Beach County Republican Party Trustee Gay Hart Gains clarified the characteristics of the ideal presidential candidate, and declared that Speaker Gingrich is the one. And then, before Gingrich would take the microphone, former Presidential Candidate Herman Cain delivered a surprising, official and enthusiastic, endorsement for Newt Gingrich as President of the United States.
It's interesting to observe how many Conservatives continue to sit on the sidelines, focusing on things that really don't matter, while o...
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Conservative Envy | Romney vs. Frazier
* Round 15: GOP Debate
* By: Larry Walker, Jr. *
The first three minutes of the January 19th CNN-GOP Debate was such a crock, that I turned it off, and caught up with the highlights later on. In one less notable tirade, Mitt Romney exclaimed, "Mr. Speaker, you talk about all the things you did with Ronald Reagan and the Reagan Revolution and the jobs created during the Reagan years and so forth. I mean, I looked at the Reagan diary. You were mentioned once in Ronald Reagan's diary. And in the diary he says you had an idea in a meeting of young congressman, and it wasn't a very good idea, and he dismissed it. That's the entire mention."
Well first of all, the book is entitled, “The Reagan Diaries”, not the Reagan Diary.
Secondly, the meeting Romney referred to was concerning what at the time was considered to be a “horrendous” budget deficit.
As Reagan relays, on page 123, Newt's idea for addressing the deficit was to "freeze the budget at the 1983 level". Gosh, what a horrible idea!
R...
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Manipulation 101: The Real Unemployment Rate
* Fake it until you make it. *
* By: Larry Walker, Jr. *
The following passage is from my last post, “Labor Force Contraction with Obama - And other hidden truths” :
“Most of the electorate understands that as the size of the labor force shrinks the unemployment rate declines. But is anyone really paying attention? Since this massive decline in the civilian labor force is a verifiable fact, it's not surprising that the Obama Administration and much of the propagandist media have chosen to ignore it.”
Okay, I confess that I was begging the question. I am fully aware that most of the population doesn’t have a clue as to how the unemployment rate is calculated, and that a healthy subset could probably care less. So in this post I will explain in more detail how, as the size of the labor force contracts, the official unemployment rate declines.
First, here are a few key definitions, which are shown in more detail at the bottom of this post.
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The term “non-institutional civilian popula...
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Charts: Unemployment Rate vs. Size of Labor Force
- Courtesy of Liberty Works
* The following charts track the unemployment rate and the size of the labor force. *
The chart above shows that over the first 25 months of the current recovery the unemployment rate has declined from 10.1% to 8.5% while the size of the labor force is virtually unchanged even though the working age population has grown.
Since the beginning of 2008 the working age population has grown by 7.2 million people. Yet the labor force which is normally about two-thirds of the working age population has shrunk over the same period by 49,000.
Thus, 4.8 million men and women who should be included in the unemployment rate calculation as both in the labor force and unemployed are not counted at all because they have become too discouraged to look for jobs.
If those men and women were included in the unemployment rate calculation the December rate would have been 11.3%, higher than any time since 1940.
The second chart above tracks the first 25 months of...
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Labor Force Contraction with Obama
- And other hidden truths
- By: Larry Walker, Jr. -
On January 7, 2012, Barack Obama boasted, “We’re moving in the right direction. We have made real progress.” Then he went on to exaggerate that, “Altogether more private sector jobs were created in 2011 than any year since 2005.” Naturally, such jovial assertions propelled many left-wing moonbats back to work today, if you can call blogging false claims such as that ‘Obama created more jobs in one year than Bush did in eight’, and other malarkey, work. It’s funny that these same cherry-pickers never attempt to match wits when it comes to the national debt. We all know that Obama has borrowed $1.0 trillion more in 3 years, than Bush did in eight, but I digress. So let’s examine Obama’s latest victory on the jobs front, for what it really represents.
Are we heading in the right direction?
To find out, we took a closer look at the official data published yesterday by the Bureau of Labor Statistics (BLS). According to Table B-1, Establis...
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Voting Without Passion | 2012 Election
Thoughts from an Independent Fiscal Conservative -
- By: Larry Walker, Jr. -
"What kind of man did you go into the wilderness to see? Was he a weak reed, swayed by every breath of wind?” ~ Mathew 11:7 [New Living Translation]
You either live in a red state, or a blue state. You are either black, or you are white. You are either a millionaire, or you’re in the middle-class. You are either a Republican, or you’re a Democrat. You will either cast your vote for the Republican nominee, or for the Democratic nominee. There is no in-between; there are no other alternatives. So make your choice today. And if you have to hold your nose while voting, then hold your nose and choose between Red and Blue, because that is your patriotic duty. That’s pretty much the way things are, or at least the way some candidates, and propagandist media outlets would have us believe.
Now, back to earth – The truth is you can vote for anyone you want. You are not confined to choosing between the classic Red and B...
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