The Granholm/Obama economy at work

More Bad News.

LANSING -- Michigan's unemployment rate in February increased to 12 percent, the Michigan Department of Energy, Labor & Economic Growth announced today.

That rate is up 0.4 percentage points from January.

Total employment declined by 29,000 over the month while unemployment rose by 21,000. The state's labor force recorded a moderate reduction of 8,000 in February.

The U.S. jobless rate displayed a similar trend, increasing by half a percentage point in February to 8.1 percent.

Michigan's February 2009 jobless rate jumped 4.6 percentage points above the state's February 2008 rate of 7.4 percent.

In the same period, the national jobless rate also recorded a significant increase, rising by 3.3 percentage points.

Geez, maybe John Engler wasn't all that bad.

Obama's Chief of Staff former Freddie Mac board member

Some "Hope" and "Change." Besides being part of the Chicago Daley Machine and one of the most partisan characters in congress (Which is why I'm glad he made this pick), we got this.

From the Atlantic

Former President Clinton Appointed Emanuel To The Board Of Freddie Mac Where He Earned $231,655 In Director's Fees In 2001 And $31,060 In 2000. "Clinton's going-away gift to Emanuel was a seat on the quasi-governmental Freddie Mac board, which paid him $231,655 in director's fees in 2001 and $31,060 in 2000." (Lynn Sweet, "Too Much Money A Bad Thing?" Chicago Sun-Times, 1/3/02)


The Clinton Administration Ruled Fannie And Freddie Could Satisfy Affordable Housing Obligations By Purchasing Subprime Mortgages. "If Sen. Obama were truly looking for a kind of deregulation that might be responsible for the current financial crisis, he need only look back to 1998, when the Clinton administration ruled that Fannie Mae and Freddie Mac could satisfy their affordable housing obligations by purchasing subprime mortgages. This ultimately made it possible for Fannie and Freddie to add a trillion dollars in junk loans to their balance sheets. This led to their own collapse, and to the development of a market in these mortgages that is the source of the financial crisis we are wrestling with today." (Peter J. Wallison, Op-Ed, "Obama Voted 'Present' On Mortgage Reform," The Wall Street Journal, 10/15/08)

I saw this coming a long time ago. That's because I didn't drink the flavor-aid.

"There's nothing in the street
Looks any different to me
And the slogans are replaced, by-the-bye
And the parting on the left
Is now the parting on the right
And the beards have all grown longer overnight""

Obama appoints The Matt Millen of Governors to his economic team

We now have an economic team to screw the country like they screwed Michigan. Of all the individuals that could be picked to Obama's economic team, we have this:

From the Detroit Free Press

WASHINGTON -- Gov. Jennifer Granholm and former U.S. Rep. David Bonior will serve on a panel of financial luminaries and corporate experts advising President-elect Barack Obama on the nation’s hard-bitten economy, ensuring Michigan, its troubled auto industry and labor has a seat at the table.

That's about as smart as appointing Ted Nugent to PETA's board of directors. What the hell was he thinking? Granholm's legacy on the economy are service tax increases, business tax increase, sin taxes, income taxes, tax shifts, fee increases, surcharges, unemployment, people leaving the state, debt, big government regulation, a push for a gas tax, pork projects for a $116 million dollar state police building, government picking winners and losers,

This country and state voted for Obama, so don't bitch to me. It's time for you to assume the position! "Thank you sir, may I have another!"

As the Motorhead classic song Dogs goes

Here we are in the years
The blood, the sweat, the tears
Have made us bondage slaves
In a world that we never made,
The politicians lick our bones,
The tacticians, hearts of stone
They turn us against our brothers
Make us fight and kill each other
Locked in lust we put our trust in dogs

Here we are again,
The dead still look the same
Who cares they're soon forgotten
Nobody gonna miss a corpse that's rotten
Your fathers, mothers, daughters, sons
Have been taken by the chosen ones
But don't you forget you made the choice,
You made your mark, you raised your voice,
They're all the same, you're all to blame
You're dogs!

Yes, I blame the voters. They're dogs.