Reagan’s Recovery at least Three times better than Obama’s Socialist Solution

On April 29th 2015 Jim Hoft shared that Obama’s just like Reagan… Except when he isn’t.

Obama Reagan on Time

Trickle Down Economics versus Trickle Down Socialism

As noted last year – Barack Obama’s economic policies have slowed the economy to a halt when compared with Reagan’s economic recovery. Here is an update with 2015 year end data showing Annual GDP Growth comparisons:

Yr 7 GDP % Change

(Chart by Joe Hoft)

Per updated data reported by the US Dept of Commerce – Bureau of Economic Analysis as of January 29, 2016, the average annual GDP growth rate for Obama in his first 7 years in office is a dismal 2.9%. Reagan’s recovery on the other hand averaged a 7.9% annual GDP growth rate for his first 7 years in office. Reagan’s policies led to an average annual increase in GDP of nearly 3 times that of Obama’s policies.

In addition, as noted last year, Obama’s job growth is also much worse than Reagan’s record with more people being added to food-stamp rolls than the job rolls under Obama.

More… The Obama Economic Record: The Worst Five Years Since World War II


The Monkey Has No More Bananas

In the Year of the Monkey, China May Finally Have to Face its Toxic Loans

Year of Monkey

(Picture of Year of Monkey Display at Hong Kong International Airport by Joe Hoft)

 In the next few days, China’s year of the Sheep (Ram or Goat) will come to an end and the year of the Monkey will arrive.  This is the biggest holiday in China as millions of Chinese travel across the country back to their home towns in a celebration somewhat reminiscent of Thanksgiving in the States.  The entire country celebrates the coming year with a week-long celebration.  Families and friends gather and fireworks are fired off in the mornings to bring in the New Year.

This year may be different though for China and the world because as the New York Times states “Beneath the surface of the global financial system lurks a multitrillion-dollar problem that could sap the strength of large economies for years to come.”

The Times goes on to explain that in many countries, especially China, there lies a “stagnant pool of loans that companies and people around the world are struggling to pay back.”  China may have as much as $5 trillion in non-performing loans.  It’s not just China as troubled loans are plentiful worldwide.

The Times goes on to mention other countries and loans that are troubled.  However, the most troubling debt worldwide is not mentioned, and that is the massive amount of debt that the US government has outstanding which is now over $19 trillion.  Also, the cause of that debt, the social programs in the US, is not mentioned.

Yes, the Chinese monkey may not have any more bananas or tricks to pay off its bad debts but Uncle Sam has a monkey on its back of its own.  While China’s bad debt is related to bad loans to companies, many of which built buildings and roads and other projects which led to tangible assets, the debt in the US was blown on social programs and there’s nothing to show for it.

Obama Loves the Iranian Regime and the Iranian Regime Loves Obama

Since the U.S.-Iran hostage crisis of 1979 to 1981 Iran’s economy has been seriously stunted by a combination of tough economic sanctions from the U.S., Europe and the U.N. which have also frozen literally hundreds of billions of dollars’ worth of Iranian assets and oil revenues.  The sanctions on Iran have had a material impact.  Before the sanctions the US imported around $3.3 billion from Iran in current USD.  By lifting the sanctions on Iran, the world’s number one sponsor of terrorism will reap incredible benefits worth hundreds of billions of dollars.

Iran’s GDP decreased and stalled in the mid 1980’s through the early 2000’s per data from the World Bank noted below – (chart by Joe Hoft)

Iran GDP

Then in the early 2000’s Iran’s GDP increased as its exports increased.  The countries Iran exports to the most are China, Japan and Turkey.  (China’s increasing demand for oil and other natural resources was beneficial to Iran because China was not afraid to deal with rogue nations like Iran.)

The recent decline in the world and China’s economy has led to the decline in Iran’s exports and GDP.  By lifting sanctions with Iran, Obama provides Iran relief at the time when it needs it the most.

Iran Exports

Why the US is negotiating with Iran in the first place is the real question.  Iran is responsible for more than 1,000 US soldier deaths since 911.  Iran was known for giving Taliban fighters $1,000 rewards for every US soldier they killed in Afghanistan.  US officials in Iraq knew that Iran was behind the deaths of soldiers there.  Obama is now giving this murderous nation economic relief.

If the Iran deal wasn’t so horrible it would be laughable. 

Kerry Iranian Dealmaker

Lurch and Uncle Fester – The buffoons leading Obama’s charge to lift economic sanctions with Iran – Secretary of State John Kerry and Energy Secretary Ernest Moniz with Iranian counterparts.

Today the Iranian president is in Europe signing new deals worth billions of dollars to the Iranian regime.  At the same time the mullahs continue to threaten the US, Middle East and Israel.  Their behavior has not changed.  Obama’s deal with Iran will likely go down as one of the greatest foreign policy errors in global history.  We will soon find out.


Good Bye Glenn Frey

Today more sad news from the music industry – Eagles guitarist Glenn Frey has died at the age of 67. Frey co-founded the Eagles in 1971. The band was one of the most successful of all time with numerous hits from Frey and his fellow band member Don Henley. Joe Walsh and Timothy B. Schmidt.

“Frey emerged as one of the band’s chief songwriters, the Lennon to Don Henley’s McCartney. He penned their breakout hit Take It Easy – a song as laid back as its title suggests – with Jackson Browne.”

Thank you Glenn for the great music and memories.

Obama Increases Deficit $1 Trillion a Year

As posted by Jim Hoft at on Sunday, December 20, 2015

Guest post by Joe Hoft

spending chart

US Federal Budget History

Since Obama has taken over federal spending has skyrocketed. The outlook is not good either, because as interest rates rise the amount of federal money needed to pay just the interest on the federal debt will increase incrementally.

According to the Congressional Budget Office, when Obama took over the amount of US federal spending was less than $3 trillion a year. Since Obama, spending has never been less than $3.4 trillion a year and the federal deficits have exceeded more than $1 trillion during Obama’s first 4 years alone. As a matter of fact, Obama’s deficits his first 4 years totalled more than $6 trillion which makes it a sure bet that Obama will average more than $1 trillion a year in deficits while he is in office.


Obama can be proud to have set the world record for overseeing the largest federal budget ever. He is also world record holder for largest deficits ever,with each of his year’s deficits being more than any president ever.

With interest rates rising, baby boomers retiring and more unskilled illegal and legal immigrants being allowed into the country than ever before, Obama has left a mess for the next President and all future generations to come.

(And this does not even include the trillions in unfunded government promises not even counted in these numbers.)



The Middle Class Overwhelmingly Votes Republican – And These Middle Class Voters Support Trump

Posted by Jim Hoft on December 9th, 2015 8:29 am at

trump crowd

Guest post by Joe Hoft

According to US Census statistics the Republican Party is overwhelmingly the party of the middle class.

The Democratic Party on the other hand overwhelmingly represents the very rich and the poorest districts in America. Democrats represent 14 of the richest 20 congressional districts in the US. Democrats represent 36 of the poorest 39 districts in the US. They rely on poor voters and liberal elites to put them in office.

The Republican Party, on the other hand, represents the middle class by a 2 to 1 ratio when compared with the Democratic party.

When Barack Obama came into office white-leaning districts split between the parties almost equally during the 111th Congress, in 2009-10.

Today Republicans hold a 3-1 advantage in working class white districts. Punitive Democratic policies have pushed working class Americans to the GOP.

Today the working middle class is the base of the Republican Party.

Last weekend Wall Street Journal published an article reporting that “Donald Trump has built his leading position in the Republican primary race by bringing together an underappreciated segment of the party, the blue-collar base.

Donald Trump has built his leading position in the Republican primary race by bringing together an underappreciated segment of the GOP—blue-collar voters who aren’t especially animated by social issues—and who may be setting the stage for an unusual, three-person sprint to the nomination.

Mr. Trump’s appeal is a form of secular populism rarely seen in Republican primary races, and one he is pressing in part with appearances in working-class communities in Iowa that include independent voters and even Democrats who may be lured into the caucuses. The celebrity businessman’s message appears to resonate among voters who believe most strongly that political leaders are unable to put the nation back on track.

The WSJ notes that Trump’s backers tend to be more working class than upper income which should come as no surprise to the Republican Party. Trump represents the GOP base.

The heart of the Republican Party – the working class – supports Trump. Isn’t it about time the GOP elites listen to their base?

Obama Played a Role in the ISIS Paris Massacre

Also posted on Sunday, November 15, 2015 at

The major media won’t mention this but the truth is clear – the Obama administration is to blame for the Paris attacks.

Here is what ultimately led to the murders this week in Paris:

** When Obama took over the Presidency he promised to remove US troops from Iraq and Afghanistan and close down Gitmo. These terrorist friendly policies led to the creation of ISIS in Iraq after the US withdrew all troops.  That is clear.  Obama also released dozens of murderers from Gitmo. Then, when all hell broke loose in Iraq, Obama denied it was his idea to withdraw all the troops.  This was another Obama lie.

** After the US exit from Iraq, ISIS began its terrible rampage of murdering, raping and enslaving thousands of innocents. The Islamic State consumed territory the size of Great Britain.  When Obama finally moved to do something due to public outrage, it was weak and little more than a show.  At least one American military official even commented Obama must want an Islamist state in Damascus.

** As Iraq-Syria continue to deteriorate due to ISIS, refugees by the thousands have left their homeland. Half of the Syrian population has either been killed, displaced or left the country.  ISIS infiltrated the refugee wave into Europe.  In September, Lebanese education minister Elias Bousaab warned British Prime Minister David Cameron that 2 of every 100 migrants flooding into Europe were ISIS fighters. The Gateway Pundit reported Saturday that the terrorists in the Paris attacks recently landed in Greece in a refugee boat.

The Obama administration still doesn’t have a policy for the capture of terrorists and so the US doesn’t capture them – they are either bombed to hell or set free. ISIS is still in place in Iraq, Egypt, Libya, Africa, and Afghanistan.   The Taliban is also on the march in Afghanistan. Obama is not only horrible for the US, he is horrible for the world peace.  129 people are dead in Paris because of Barack Obama.


Bernie and Gramma Zheng

See similar post at posted on Thursday October 22, 2015.

While Bernie Sanders was pushing socialism comparing the US to China, my wife and I were visiting Gramma Zheng in Hubei province, whose first husband died of starvation from Mao’s socialist policies. Gramma Zheng’s first husband would rather feed his wife and their three daughters the small amount of food rations available than watch them die of starvation, and although they survived, he did not.

Catherine and Gramma

Democratic Socialist Presidential hopeful Bernie Sanders tweeted this week — “China – not exactly seen as a model when it comes to human rights – provides 14 weeks of paid maternity leave. The US provides zero.”

Actor James Woods tweeted in response – ““China has notoriously killed female infants for population control, you utter moron. #ChinaGendercide.”

Although China did institute maternity leave benefits in 2011, the leave is rarely enforced and the benefit is paltry at best ($2000). Also, because the maternity leave is paid by companies, 46% of the more than 1.3 billion Chinese who work in the more rural areas are not eligible for the benefit.

As reported previously, in 2011 the US spent more than 30 times that of China on social programs per capita. In 2013 the ratio was closer to 17 times that of China, but the data is suspect as China most likely over reports the amount of benefits to its citizenry and the US most likely under reports similar amounts. The true ratio is probably much higher than the US spending 30 times more than China on social programs per capita but it is difficult to determine.

Today communist China is becoming more capitalistic and the US is becoming more socialist. As a result, socialist China is becoming more prosperous and the US is approaching a fiscal cliff. Poverty is being reduced in China and poverty is on the rise in the US.

Someone needs to tell Sanders that socialism does not work and indeed it kills.




Hillary Hid Emails from….Obama!

We now know that Hilary Clinton hid her emails from the government during her stint as Secretary of State, but why?
Hillary Clinton

It came out in March 2015 that Hilary Clinton had housed her official government emails on her personal server. This was in spite of official Department cables sent to diplomatic and consular staff in June 2011 and bearing Clinton’s electronic signature that made clear to employees they were expected to “avoid conducting official Department business from your personal e-mail accounts.”

Mrs. Clinton last week came out on Meet the Press with Chuck Todd and finally answered some questions about her email server scandal. The first subject that Mrs. Clinton was asked to address was why she would go to all the trouble and expense of setting up her own private email server unless she had something to hide. Clinton laughed off the question by asking “Another conspiracy theory?”  She never really answered the question. (As pointed out by HotAir, NBC blocked the video clips of her responses because they apparently made Hillary look bad.)

Cleary, Mrs. Clinton doesn’t want the American people to see her emails especially in relation to Benghazi. And, based on her history, she is known to place herself above the law (See Coulter’s High Crimes and Misdemeanors and Peschmann’s The Whistleblower). But more importantly to Hillary, and not in defense of her actions, Obama’s recent slams show Hillary’s clear motive – she really wanted to hide her emails from Obama!

Dave Ramsey breaks down Capitalism vs. Socialism

As posted at by Jim Hoft on September 14, 2015

This interview on FOX with American financial author, radio host, television personality, and motivational speaker, Dave Ramsey, is well worth watching. Ramsey breaks down what the universities teach about socialism and counters that what is really needed is good leadership. The marketplace weeds out unethical behaviors and rather than becoming more dependent on the government, the government needs to get out of the way.