In My Opinion: The Economic Insanity of Voting Democrat

Dear Readers:

Forget 8.2 unemployment(numbers released week of 2/1/12). That is based on the removal of another million plus jobs from the available jobs market. As I wrote before, there are less jobs available than were in 2008. Until that number changes upward, the unemployment numbers will not reflect the true depth of this continuing recession. No President since Franklin Roosevelt has been re-elected with an unemployment rate of plus 8%. So the object of the administration and those in the media invested in electing Democrats is to make you think unemployment is going down.

The truth is it is not. Nor is it predicted to go down for another three years at least. Who predicts that? The Congressional Budget Office in their report also released the week of 02/01/12. In fact as I recently wrote, true unemployment is 10 plus %. It shoots up to 15 plus % if add in the number of people who quit looking and those part time workers looking for full time work. New York State Comptroller Thomas DiNapoli released his report the same week as the others that confirm those numbers as far as New York goes. However that has more to do with New York's economic policies that Federal policies.

The CBO also gives their predictions for economic growth for this year and next and it is not pretty. The CBO projects growth to be 2.2% this year and they see 1% economic growth for 2013 after the election.

What are the reasons behind these projections according to the report? Existing tax policy next year and anti-energy production this year.

We are a petroleum based economy. Affordable petroleum. The markets fluctuate because of unease in the imported oil markets because of unrest in the Middle East and Venezuela. We have a chance to ease those markets with the proposed Keystone XL pipeline that would bring petroleum from a friendly country, Canada. Obama has put a halt to that project, even though his State Department and Environmental Department after four years of revue have given it their stamp of approval. How bad a candidate for re-election must you be, to put the nations petroleum needs below your re-election needs? That is what this President has done by courting his most extreme environmental base that is opposed to all forms of fossil fuel.

As far as tax policy goes, in 2013 the Bush tax cuts expire and all brackets go up 5% and the lowest 10% bracket is eliminated and the marriage penalty re-appears. Also the Obama Care taxes kick in. According to the CBO report "The amount of money the federal government takes out of the U.S. economy in taxes will increase by more than 30 percent between 2012 and 2014." Hence the projected 1% increase in the economy in 2013.

When these tax policies were enacted in 2008-2209 it was designed by the then Democrat controlled Congress and Senate to take effect after this years election. The knew if the effect happened this year, a Democrat could not be elected dog catcher except maybe New York and California.

When you take the CBO report along with the New York State Comptroller's report, one would have to conclude the insanity of voting for a Democrat to either New York State's Legislature or either Congress, Senate or President. This is my opinion, you may beg to differ.

Anthony J. Bazzo

The opinions expressed by freelance contributors to PennySaver Community do not necessarily reflect those of PennySaver Community or its parent Chase Media Group.

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Dear Readers:

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Dear Readers:

It has come to my attention the difficulty in posting a comment on this blog. If you wish to comment, e-mail me at the link posted below, putting “Manifesto Reader” in the subject matter, and I will “cut and Paste” your comments myself. If you DO NOT wish your comments posted, but just wish to communicate with me, please make your wishes known in the e-mail. LINKS: atom_taxi@yahoo.com(as this a yahoo address make sure you put an underscore (-) between atom and taxi) For immediate reply: atomtaxi@aol.com AT NCN: abazzo@ncnlocal.com *********************************************************************************

SITES TO LINK TO:

BAZZO'S BLOGS

BAZZO AT WORK: A Bazzo Blog:

http://ltpbazzo.wordpress.com/

PENNYSAVER COMMUNITY (Town of Poughkeepsie):

http://psctpok.wordpress.com/

BAZZOMANIFESTO:

http://bazzman.blogspot.com/

OTHER SITES OF INTEREST:

LOCAL NETWORK NEWS (Dutchess County):

http://lnnnow.com/index1.htm

ellabellahairclippies: www.ellabellahairclippies.com

http://ellabellahairclippies.blogspot.com

ROB ASTORINO: www.robastorino.com

JOHN G. TESTA: www.johngtesta.com

ON TOPIC W/ JOHN TESTA: www.ontopicwithjt.com
CARS & US: www.doverracing.com
THE WINERY AT ST. GEORGE: http://www.TheWineryAtStGeorge.com
PLAN PUTNAM: planputnam@googlegroups.com/
BRUCE APAR’S NCN BLOG: http://ncnlocal.com/index.php/blogs/bruce-the-blog
NORTH COUNTY NEWS: http://ncnlocal.com/

THE JOURNAL NEWS: http://www.lohud.com/

YORKTOWN WATCHDOG: www.yorktownopengov.org
PADAVANO FINE ARTS: Padovanofineart.com /

 PEEKSKILL BID: www.peekskillbid.com or www.downtownpeekskill.com

Peekskill Democratic City Committee Blog: http://www.peekskilldems.com/blog *********************************************************************************
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Bazzo 02/06/12