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America Has 99 Problems and a Tax & Spend President is one of Them December 5, 2010

Conservatives have a an initial distrust of anything or anyone that uses tax payer dollars as a means of survival.

But if you ask a Democrat, America has 99 problems and they need your money to fix them.   Included in the list of 99 problems is not one bitch.

Not one Hillary.

Not one Palin.

For some people, the 99 problems equate to 99 weeks.  The exact number of weeks they may or may not have money to feed their families.

I have 99 problems which make me much too busy to blog. Work more, buy less.

From this article on the Future of Capitalism.com

 

December 4, 2010

Harvard economics professor and former Bush administration official Greg Mankiw has a post up about whether to extend unemployment insurance:

‘when I hear economists advocate the extension of UI to 99 weeks, I am tempted to ask, would you also favor a further extension to 199 weeks, or 299 weeks, or 1099 weeks? If 99 weeks is better than 26 weeks, but 199 is too much, how do you know?….’

I should note, by the way, that economists who strongly favor the extension of UI benefits, such as those who signed this letter, also tend to favor more income redistribution in general. I suspect, therefore, that the foundation of their support comes not from having weighed the specific pros and cons of UI per se, but rather from a more general desire to “spread the wealth around.” That issue is, as I tell my students, more a matter of political philosophy than it is of economics.

One of Professor Mankiw’s objections — that extending unemployment insurance “reduces the job search efforts of the unemployed” — could be addressed in part by turning unemployment into something more like a health savings account, where if an individual gets a job before the benefits expire the individual gets to somehow keep the unused portion of the benefits in an account that can grow for the next time around.

Are unemployment benefits the same as welfare?

Conservatives and Democrats will give you a different answer.

Afrocity is on the fence.  My mother went from one form of government assistance to another. The scales tipped more in favor of welfare but once in 1979, she worked for the “city” as a desk clerk.  When she was subsequently laid off, she received unemployment.  Unsurprisingly, I felt more legitimate when she was on unemployment.  The check was larger- $625 as opposed to the paltry $225 we received on welfare.  Unemployment also meant my mother had at one time actually had a job.

We were not on unemployment for 99 weeks…It was more like 20 weeks. I believe it ran out then mom made the transition back to the welfare boat.  It would be 15 years before she looked for work again.

But getting back to my actual question of is unemployment welfare and are the Republicans being meanie weanies for cutting it off at 99 weeks and before you answer– do you know how long 99 weeks is?

99 weeks =1.89737112 years

That is a long time to be unemployed.

That is a long time to create 99 problems.

Whole Foods-  November 15, 2010.

Afrocity is standing in the grocery line chastising herself for once again succumbing to the lure of organic produce and wholesome pumpkin flavored ice cream at $5.99 (on sale) for a 1/4 of a pint.   The woman in front of me spread her grocery selections on the checkout conveyor belt . Aloe Vera Juice at 8$, green tea rice $5 a bag, venison,  apple hickory duck sausage.  The total bill came to $254 and she paid with a foodstamp card.   Suddenly my guilt melted away. No longer did the $5.99 ice cream seem so bad, or my fennel bulbs, or horseradish cheese spread. My bill was around $57 and I paid with my own hard earned cash.  That woman was eating better than I was and using my tax dollars to do it.   Does this woman have 99 problems?

Michigan Avenue- Chicago, Il- December 4, 2010

Crate and Barrel had a 20% off all Christmas ornament sale.  I needed a topper for my tree. Instead of being greeted at the door by carolers, I was greeted  by protesters of extending the Bush tax cuts to evil rich people who make over $250K- You know like the small business owner- a woman recently widowed, who runs a small chain of mom and pop knitting shop in Chicago’s fabric district. She has lots of medical bills to pay from her husband’s Hospice care and cancer treatments.  Two kids in college too.  Does this woman have 99 problems?

She is a woman and the tax cuts are not bad for her but apparently NOW thinks so because she has a vagina .  Oh I forgot to add that NOW would have no problem with her being called a whore or a cunt-especially when they know that she makes over $250K.

Does NOW have 99 problems?

All throughout the year, Michelle Obama, eats lobster, wears $500 tennis shoes…  She has even released her favorite things list- Just like Oprah.  Too bad the average American cannot afford most of it.

Does Michelle Obama have 99 problems?

You see everyone has 99 problems and a bitch ain’t one of them but I can certainly tell you who is…

Autographed Letter Signed,

AFROCITY

Harvard economics professor and former Bush administration official Greg Mankiw has a post up about whether to extend unemployment insurance:

when I hear economists advocate the extension of UI to 99 weeks, I am tempted to ask, would you also favor a further extension to 199 weeks, or 299 weeks, or 1099 weeks? If 99 weeks is better than 26 weeks, but 199 is too much, how do you know?….

I should note, by the way, that economists who strongly favor the extension of UI benefits, such as those who signed this letter, also tend to favor more income redistribution in general. I suspect, therefore, that the foundation of their support comes not from having weighed the specific pros and cons of UI per se, but rather from a more general desire to “spread the wealth around.” That issue is, as I tell my students, more a matter of political philosophy than it is of economics.

One of Professor Mankiw’s objections — that extending unemployment insurance “reduces the job search efforts of the unemployed” — could be addressed in part by turning unemployment into something more like a health savings account, where if an individual gets a job before the benefits expire the individual gets to somehow keep the unused portion of the benefits in an account that can grow for the next time around.

 

Fly On The TARP Wall February 8, 2010

I wanted to alert my readers to a great excerpt printed in the Wall Street Journal from Henry Paulson’s new book entitled  On the Brink: Inside the Race to Stop the Collapse of the Global Financial System .

Paulson, is the former United States Treasury Secretary  and at one time was the CEO of Goldman Sachs.  The book excerpt in the WSJ concerns the now infamous McCain 2008 presidential campaign suspension meeting which lead to TARP.    The event made for  one of the most memorable and intense campaign debacles in modern history.  John McCain and Barack Obama were about to meet for their first presidential debate and then the economic crisis hit the fan.   McCain appeared flustered and suffering from knee jerk-itis  while Obama was calm, cool and unaffected ( We would later find that this is Obama’s normal demeanor with everything from paper cuts to oh say overly endowed Muslim Nigerian citizens with snakes on airplanes—pretty much everything).

The dick measuring contest centered around who could handle the financial meltdown the quickest while appearing the most presidential.

From this excerpt in the Wall Street Journal

FEBRUARY 6, 2010

When Mr. McCain Came to Washington

Inside the White House meeting where Obama called McCain’s bluff: ‘I could see Obama chuckling’

By HENRY M. PAULSON JR.

…When the hearing recessed, I went into [Democratic Massachusetts Rep.] Barney Frank’s office and called [White House Chief of Staff] Josh Bolten to tell him in no uncertain terms that I thought it was dangerous for McCain to return. Josh said the White House was equally frustrated. McCain wanted a meeting at the White House, and the president felt he had no choice but to accommodate him.

I called Obama right away. He said that he would try to be as constructive as possible but that the Democrats were doing their part and I had better keep in touch with McCain. The president was scheduled to give a major speech that evening making the case for TARP, but news of McCain’s decision to suspend his campaign dominated the rest of the afternoon.

We’d devised TARP to save the financial system. Now it had become all about politics—presidential politics. I wondered what McCain could have been thinking. Calling a meeting like this when we didn’t have a deal was playing with dynamite.

At 2:25 the following afternoon. I spoke with John McCain, who had just returned to Washington. The call did nothing to ease my mind. “We have to protect the American taxpayers,” he told me, pointing out that nothing would get done in Congress without the House Republicans. They didn’t like our proposal and I needed to listen more carefully to them, he said.

“John, our system is on the edge,” I told him. “WaMu barely got bailed out today. Several other institutions are on the brink. If we don’t get something done soon, this economy is going to collapse.”

I was so concerned that McCain would do or say something rash that I resorted to a veiled threat: “I’m not a politician, but if you or anyone else does something that causesthis system to collapse, it is not going to just be on me. I am going to go and say what I think to the American people.”

I will let you  be the judge, all I can say is:


Autographed Letter Signed,

AFROCITY


 

Understanding Obama’s Budget Freeze for Dummies February 2, 2010

Filed under: Uncategorized — afrocity @ 2:12 PM
Tags: ,

Here is a great video by Newt Gingrich on understanding Obama’s budget freeze and what it really means for YOU. Obama is quite good at double speak but this video shows that a budget freeze really does not mean that the money will stop being spent.

I have a busy day. Today is election day in Illinois and Afrocity has to vote!!!

 

Obama Supporter Couples Therapy Lesson #1:How To Fake An Economic Recovery Orgasm September 8, 2009

obama too bigGood Morning and welcome to Dr. Afrocity’s couples therapy session for Obama supporters. I see you are alone today which is unfortunate because couples therapy always works better when both parties are emotionally invested in the relationship.

What was that?

You say your partner cannot attend couples therapy sessions with you because he is far too busy with his job as President of the United States?

My, my, my what a big job your partner has. I know that you are supportive of his position, after all YOU did elect him for it.

You thought he was the right man for the job and there was no chance of persuading you to think otherwise but let’s not obsess over the minor details of things we cannot CHANGE (wink).

Well, you know what they say, there is no sense in crying  racism over spilled Kool Aid. The reality of your situation is that you are here today alone in Obama supporters couples therapy and your partner is MIA so let’s focus on you and your happiness.

(Dr. Afrocity takes out writing pad)

As clearly as possible tell me what exactly is troubling you about your relationship with President Barack Oabma? Oh,  honey don’t cry your glitter eyeliner is running down your face.

(hands patient a box of Kleenex)

Here lie down on the sofa. You are shaking like a leaf. Are you cold?

(Patient nods head)

Well so much for global warming huh? Let me get you this nice warm red blanket….We will just put this around your shoulders. Oh dear your back is covered with donkey hoof prints…Did he do this to you honey? what is wrong with him?

From Contra Obama.Com

From Contra Obama.Com

(Patient puts head down)

Hmmm, it is obvious that you have been stepped on by a jackass. You know that right?

(Patient nods)

Are you sure that you want to continue with this relationship.

(Patient nods)

You say this crisis gives the two of you the opportunity to grow as a couple? (Dr. Afrocity rolls eyes) Okay, princess it’s your money your time. Tell me what’s wrong…

(Dr. Afrocity poised to write notes on pad) …He  promised to stimulate you economically but lately he has not kept his promise to you and you have resorted to economically stimulating yourself?

(Patient nods)

That is a serious problem my dear… He showed you his big recovery package, it impressed you at first. It was big, the biggest you had ever seen…You tingled at the thought of unraveling its mysteries…But turns out it was a big impotent nothing and now you are economically unstimulated and you are faking it…Going through the motions of a fake economic recovery orgasm is never easy.

(Patient blowing nose in Kleenex, crying uncontrollably)

(Dr. Afrocity puts on H1N1 protective mask)

You are so lucky to have found me (smiles). You have certainly come to the right place. First, lets take a look at the right way to fake an economic recovery orgasm. I found this great article that may be of help, it even bashes a Republican so as an Obama supporter I am sure you will love it:

From Mother Jones Magazine:

Michael Steele, Here’s a Newspaper Article You Should Read

— By David Corn | Fri September 4, 2009 12:06 PM PST

On slow news days—that is, when Dick Cheney or Sarah Palin haven’t said anything—there’s always GOP chairman Michael Steele.

He made website headlines earlier this week when he chastised a 23-year-old woman after she had interrupted him at a Howard University meeting to say that everyone in the country deserved access to good health care, citing the case of her own mother who recently died of cancer because she couldn’t afford chemo medications. Then on Friday, Steele looked particularly out of it within a Washington Post story on the stimulus and the economy.

The front-page article reported that “economists generally agree that the package has played a significant part in stabilizing the economy. They are less certain about the size of the impact.” The piece quoted a former assistant Treasury secretary from the Bush-Cheney administration, Phillip Swagel, who said President Obama’s stimulus package is “starting to play a role, helping us to have slightly positive rather than slightly negative GDP growth.” It cited IHS Global Insight, an economic consulting firm, which estimated the stimulus has added 1 percent to gross domestic product this year. Mark Zandi, chief economist of Economy.com and a former John McCain supporter, told the newspaper, “I don’t think it’s any accident that the economy has gone out of recession and into recovery at the same time stimulus is providing its maximum economic impact.”

So there’s a consensus: the stimulus package has produced results. Enter Steele. The article reported,
On Thursday, Republican National Committee Chairman Michael S. Steele discounted the impact of the stimulus plan. “Vice President Biden has been trying for 200 days to convince the American people the president’s economic stimulus experiment is working, but just like their government-run health-care scheme, no one is buying it,” he said.


Obviously, Steele had not consulted with Zandi, Swagel, IHS Global Insight, or most economists. There are indeed questions an administration foe can raise about the stimulus. Has it been quick enough? Big enough? Targeted correctly? Is the bang worth the bucks? Only a hack with no regard for reality would insist that it has absolutely not worked and that no one believes it has had an impact. Yet that’s what Steele said, proving once again that he is a guy who’s hard to take seriously.

Now wasn’t that article liberally refreshing? If you are not feeling economically stimulated, you just fake it by refuting the evidence with counter evidence from liberally biased economist that are in your corner. In times of trouble you must take appropriate actions by calling for a backup of emotional support. Who cares if what they are saying to comfort you is right or wrong as long as it makes you feel good about your support for Barack Obama, right? Also if you slander a few Republicans along the way like Sarah Palin or Michael Steele that’s even better, now isn’t my jackass loving darling???

Image from radioactiveliberty.com

Image from radioactiveliberty.com

(Patient begins to beam)

There now, that’s the Obamabot we all know and love. I knew there was a smile beneath all of that doubt. Now go home, watch two hours of MSNBC and call me in the morning.

Autographed Letter Signed,
AFROCITY

 

 
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