If you look at the universe and study the universe, what you find is that there is no evidence that we need anything other than the laws of physics and the other laws of science to explain everything we see. There's absolutely no evidence that we need any supernatural hand of god. -- Lawrence Krauss, World-Renowned Physicist
There is probably no other notion in any field of science that has been as extensively tested and as thoroughly corroborated as the evolutionary origin of living organisms. -- Encyclopedia Britannica
FAITH. No one word personifies the absolute worst and most wicked properties of religion better than that. Faith is mind-rot. It’s the poison that destroys critical thinking, undermines evidence, and leads people into lives dedicated to absurdity. It’s a parasite regarded as a virtue. -- PZ Myers
Religion is the antithesis of science, an anesthetic for the mind that disables critical thought and encourages the acceptance of inanity as fact, and wishful thinking as evidence. -- PZ Myers

Friday, January 4, 2013

America's incompetent president

An editorial from Investor's Business Daily.

It's Another Lousy Jobs Report For Obama

Economy: We're told Friday's jobs report is evidence of slow and steady progress. But it actually documents the new normal of Obama's economy — anemic job growth, chronic long-term unemployment and falling wages.

Given how long the economy has been underperforming, even the smallest bit of good news is welcome. But the latest jobs report offers little of even that.

The 155,000 new jobs created in December weren't enough to make a dent in unemployment. And at this pace, it will take more than two years just to reach the previous jobs peak set back in January 2008.

And while the unemployment rate of 7.8% appears to be the same as when Obama took office, it obscures the fact that millions have given up looking for jobs and so aren't being counted as unemployed.

If you account for the unprecedented drop in labor participation under Obama, the real unemployment rate is 10.7%.

Meanwhile, the pool of long-term unemployed was a staggering 4.8 million in December, which is 2 million more than when Obama took office. The average length of unemployment was 38 months — almost 20 months longer than four years ago and 15 months longer than when the recession ended in June 2009.

And, despite Obama's endless talk about growing the economy from the bottom up, the nation's workers aren't seeing slow, steady progress when it comes to household income.

In fact, real average weekly earnings have dropped about 1% over the past two years, according to the Bureau of Labor Statistics. And median household income is down 7% since January 2009, according to Sentier Research.

In the face of this ongoing calamity, we get various and changing excuses about "head winds," or the lingering effects of the Bush recession, or the uncertainty caused by the fiscal cliff. Or we're told we just need to lower our expectations for growth.

And what does Obama do?

He forced a tax hike through Congress that his own favorite economists say will slow growth and cost jobs. He's continued to push forward on ObamaCare, despite the fact that it's scaring employers away from adding new jobs out of fear of getting hit with exorbitant new costs. He's taken the leash off the EPA to wreak havoc on industries with massively expensive, and entirely unnecessary new regulations. He's offered no real plans to get the nation's debt under control.

And he claims he can make up for all this economic drag with a new round of federal spending on roads.

We want the economy to grow and America to prosper as much as anyone. But it's hard to see much of that in the near future given the economic poison Obama keeps prescribing.

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