Friday, July 26, 2013

#591 (7/26) "Analysis 2 | Obama’s Economic Speech:.."[Part 2].....

REMINDER: Check out this past week's "Truth That Transforms  broadcast  at www.truthinaction.org). This week's broadcast is about how God's institution of marriage has been under assault and is esp. so by homosexual activists. What is amazzing is that this message was delivered 10 years ago! Also presented is a special feature on the value of fathers to society and the increasing tragedy of fatherlessness. Don’t miss it

PRAISES AND PRAYER REQUESTS:

ATTENTION: TODAY is the 14th day of the 30 days of the Muslim holy month of Ramadan. (see link below for resource material you can download.) Please join me in focusing your prayers EVERY DAY for these over one billion people who need to hear the gospel of Jesus.[NOTE: 1) You can download a  page of helpful basic information about Islam and Ramadan at: http://www.opendoorsusa.org/downloads/pdf-downloads/Islam_reference_guide-1.pdf ; and 2) The following is from a 30-day prayer guide you can download at: http://www.opendoorsusa.org/downloads/pdf-downloads/2013-ramadan-prayer-calendar-1.pdf (The following is from that prayer guide.)July 26 – 18th Day of Ramadan -  KING OF KINGS (Oman) “… God, the blessed and only Ruler, the King of kings and Lord of lords…” (1 Timothy 6:15) Oman, an Islamic country since the seventh century, is the oldest independent state in the Arab World. Most Omanis follow the Ibadi sect of Islam, sparing them militant violence. Oman is a wealthy, well-educated nation, ruled by the Sultan. While experiencing a degree of religious freedom, Islam is the state religion; if a father leaves Islam, he is prohibited from having custody over his children. During Ramadan pray for Omanis, and their Sultan, to turn to the King of kings.

"Angry Islamists Turn Wrath on Egypt's Christians,"  By George Thomas, CBN News Sr. Reporter http://www.cbn.com/cbnnews/world/2013/July/Angry-Islamists-Turn-Wrath-on-Egypts-Christians/  Friday, July 12, 201 - "Egyptian Christians are facing growing retaliation by angry Islamists for opposing ousted President Moham3med Morsi. His supporters say Christian leaders were behind his removal from office....On Thursday, the body of a Christian merchant was found decapitated in a cemetery. Last Saturday, a Coptic Christian priest was shot by gunmen in an outdoor market. Also, days after the military coup that removed Morsi from office, Muslim extremists in southern Egypt burned dozens of Christian homes and stabbed four believers to death. "It's part of the Brotherhood's mobilization that they are targeting Christians, that they are renouncing them as behind this. If the Brotherhood is able to portray what happened as a Christian-dominated or Christian-driven protest, then they get to gain massive support in the streets," Tadros explained.PRAY for the nation of Egypt, as it faces a crucial  moment, 1) that the recent events would result in its becoming a true democracy and NOT an Islamic state; 2)  that the peoples' freedoms, in particular the religious freedom of its minorities (specifically its oppressed Christians) would be protected; 3) for peace and stability to return; 4) that the U.S. will effectively reach out to the new government, and 3) for safety for Americans living in Egypt  

American Pastor Saeed Held Prisoner in Iran - June 5th Update - "Saeed's Wife Uses UN Speech to 'Plant Gospel'," by George Thomas, CBN News Sr. Reporter, June 05, 2013, http://www.cbn.com/cbnnews/world/2013/June/Saeeds-Wife-Uses-UN-Speech-to-Plant-Gospel/?cpid=EU_CBNNEWSPM_2013_156"Prayers from Prison: American Pastor Held in Iran Releases Letter," May 22, 2013; http://www.presidentialprayerteam.com/Prayerwatch?pw=1458"...Abedini has been held at the brutal prison for 238 days, enduring long stints in solitary confinement, and, according to his supporters, beatings and torture at the hands of his jailers and fellow inmates. For months, he has been suffering from serious injuries, including internal bleeding from beatings with no proper medical attention, according to his family and attorneys."(Sources: Fox News, Assemblies of God website) Please PRAY:1) For the imprisoned Pastor Abedini, and for those Iranians who tend to his needs in prison to treat him more humanely. 2) For his family in Boise, Idaho. and their efforts to involve the U.S. State Department in securing Pastor Abedini’s release. And 3) For the impact of his witness upon believers and non-believers, in America and across the world. And if you have not yet, join the over 600,000 worldwide who have signed the petition asking for his release at www.SaveSaeed.org

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"ANALYSIS | Obama’s Economic Speech: Another Summer Rerun [Part 2]," By Curtis Dubay,July 24, 2013 

More Washington Control of Infrastructure Spending Is Not a Bold Idea
Obama hinted [13] at wanting to explore “some big and bold ideas” in today’s speech. Alas, he revisited the tired notion that federal “investments” (read: spending) will reignite the economy. Americans remember the failed stimulus [14] and know stimulus 2.0 wouldn’t yield any better results. Just last month, a Rasmussen poll found that 65 percent of Americans want to cutgovernment spending [15] to help the economy.

In particular, the President’s penchant for spending on transportation and infrastructure, though seemingly innocuous, is fraught with problems. It sends the message that Washington can meet all of states’ transportation needs and wants—which it can’t and shouldn’t. It also ignores the fact that Washington is broke and already running dangerously high budget deficits [16].

A reliable, efficient, cost-effective transportation network is necessary for a thriving U.S. economy. However, if states let Washington co-opt future transportation funding and planning decisions, they will see their transportation projects politicized and their resources squandered on low-priority programs. Currently, Washington collects federal gas tax dollars from motorists and diverts a portion [17] to pay for local projects such as transit, bicycle paths, and sidewalks. These activities do not benefit motorists, because they do not measurably relieve congestion or improve mobility.

Instead, Congress and the President should give states and localities—which can partner with the private sector when it makes sense—the flexibility and control [18] they need to meet their unique transportation and infrastructure needs. Emily Goff, Research Associate, Thomas A. Roe Institute for Economic Policy Studies

Obamacare Doesn’t Cut Costs
Per usual, the President touted his health law’s “free” benefits. But as Heritage has pointed out before [19], his law’s benefit mandates are not free—insurers are not graciously covering the cost of your added benefits. You pay for them via premium increases.

For instance, while only select seniors fell into Medicare’s “donut hole,” the CBO projects [20] that average Medicare Part D premiums will increase due to Obamacare’s new rules. An additional consequence of Obamacare’s “free” benefits: As companies will now spend more on insurance costs, workers will receive less in wages—the very thing that President Obama decried in this speech. This makes sense because companies view wages and benefits as the total cost of labor. Increasing the cost of labor in one area just means that companies will cut back in other areas. In this case, increasing the cost of benefits will decrease wages. So when raises are smaller than expected, thank Obamacare’s “free checkups.” A sad irony is the definitive work on this subject [21] was authored by Obama advisor Dr. Jonathan Gruber.

And in another exaggeration, the President claims up to half of all Americans have a pre-existing condition and his law is coming to save them by forcing insurers to offer them coverage. In reality, most of those Americans already have coverage in the group market, with a small portion of them facing barriers to coverage in the individual market [22].

Furthermore, his law created a program to accept those who were sick with no coverage before Obamacare fully takes effect in 2014, and it has run into serious funding problems [23], with enrollment at less than 30 percent of original projections and costs averaging 2.5 times greater than anticipated.

The President went on to cite the widely touted 50 percent premium decrease in New York, which has been strongly refuted [24]. Regardless, premium decreases are certainly not what experts predict in the rest of the states [25]Finally, in response to the President’s call for better solutions, The Heritage Foundation has a better plan for quality, affordable health care [26]
Alyene Senger, Research Associate, Center for Health Policy Studies

Obama Wrong on Energy and Global Warming
President Obama made two comments on energy in his speech, highlighting America’s increased oil production and saying that we’ll “continue to focus on strategies to create good jobs in wind, solar, and natural gas that are lowering energy costs and dangerous carbon pollution.” There are several problems with these statements.

First, more domestic oil and gas production, which deserved more attention for the jobs and economic wealth created in recent years, have occurred in spite of the Administration, not because of it. There has been a stark difference between oil and gas production on private and state-owned lands [27] and federal lands.

Second, where we’ve had a government strategy in the energy sector (whether grants, loan guarantees, targeted tax credits or mandates), we’ve experienced wasted taxpayer dollars and labor and capital siphoned out of the private sector [28] to benefit special interests and political preferences.

Third, it is misleading to label carbon dioxide as “dangerous pollution.” CO2 is a colorless, odorless, and non-toxic gas, and climate models have failed to predict [29] the 16-year plateau in global temperatures. We’re not experiencing catastrophic warming as a result of increased CO2—and even if we were, the President’s policies would do almost nothing to reverse course,while causing a lot of economic destruction in the process. [30] Nick Loris, Herbert and Joyce Morgan Fellow

Education Prescriptions Misguided
President Obama reiterated calls to increase “investment”—i.e., spending—on education and to “make high-quality preschool available to every four year-old in America.” Universal, government preschool, financed by the federal government, is mired in bad policy. While the Administration will hold up evaluations like the Perry preschool project to claim that every dollar spent on government preschool yields $7 in return, the findings of these small-scale studies have never been replicated [31] and accrued to a unique set of just five dozen children nearly half a century ago.

States that have large-scale public preschool programs [32] have not seen a positive impact on 4th grade reading scores, the first opportunity researchers have to assess whether preschool is having an impact on this fundamental skill. Indeed, the type of preschool-for-all President Obama envisions is far more likely to mimic the failing Head Start program, which has cost taxpayers more than $150 billion since it began in 1965, and has left low-income children no better off in the process [33]. What’s more, the Obama Administration’s new preschool proposal would add to the long list of existing federal early education and child care programs—despite little evidence of demand [34] for such programs. - Lindsey Burke, Will Skillman Fellow in Education

The President’s speech wasn’t all bad. One positive was the President’s call to make it easier for all Americans to save for retirement. That is a laudable and necessary goal and one that could be achieved through tax reform. In addition to helping Americans save, tax reform would go a long way toward freeing the economy to grow stronger. Unfortunately, like on most other important issues, President Obama has shown no leadership to actually reform the tax code.

[italics and underline emphasis mine]

Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org; URL to rticle: http://blog.heritage.org/2013/07/24/analysis-obamas-economic-speech-another-summer-rerun/

URLs in this post:
[13] hinted: http://politicalticker.blogs.cnn.com/2013/07/22/obama-offers-preview-of-economic-message-in-speech-to-supporters/
[14] failed stimulus: http://www.heritage.org/research/reports/2010/01/why-government-spending-does-not-stimulate-economic-growth-answering-the-critics
[15] cut government spending: http://blog.heritage.org/2013/06/25/cut-government-spending-to-help-the-economy-majority-say-yes/
[16] budget deficits: http://blog.heritage.org/2013/05/14/quiet-before-the-storm-cbo-reports-642-billion-deficit-in-2013/
[17] diverts a portion: http://blog.heritage.org/2013/04/24/time-to-rethink-federal-highway-trust-fund-spending/
[18] give states and localities—which can partner with the private sector when it makes sense—the flexibility and control:http://www.heritage.org/research/reports/2012/02/turn-back-transportation-to-the-states
[19] Heritage has pointed out before: http://www.heritage.org/research/reports/2011/01/obamacare-and-insurance-benefit-mandates-raising-premiums-and-reducing-patient-choice
[20] CBO projects: http://blog.heritage.org/2012/10/16/understanding-obamacares-716-billion-in-cuts-to-medicare/
[21] definitive work on this subject: http://ideas.repec.org/a/aea/aecrev/v84y1994i3p622-41.html
[22] facing barriers to coverage in the individual market: http://blog.heritage.org/2010/09/22/the-right-way-to-limit-pre-existing-condition-exclusions/
[23] serious funding problems: http://blog.heritage.org/2013/03/20/obamacare-pre-existing-conditions-coverage-low-enrollment-high-costs/
[24] been strongly refuted: http://www.forbes.com/sites/theapothecary/2013/07/18/the-new-york-times-tries-and-fails-to-save-obamacare-from-health-insurance-rate-shock/
[25] predict in the rest of the states: http://blog.heritage.org/2013/03/18/obamacare-projected-premium-increases-by-state/
[26] quality, affordable health care: http://www.savingthedream.org/what-it-covers/medicaid/
[27] been a stark difference between oil and gas production on private and state-owned lands:http://www.heritage.org/research/reports/2013/06/energy-production-on-federal-lands-handing-keys-over-to-the-states
[28] we’ve experienced wasted taxpayer dollars and labor and capital siphoned out of the private sector:http://www.heritage.org/research/reports/2011/07/no-more-energy-subsidies-prevent-the-new-repeal-the-old
[29] failed to predict: http://www.drroyspencer.com/2013/06/still-epic-fail-73-climate-models-vs-measurements-running-5-year-means/
[30] while causing a lot of economic destruction in the process.: http://www.heritage.org/research/reports/2013/06/climate-policy-economic-impact-and-cost-of-obama-s-climate-action-plan
[31] have never been replicated: http://www.heritage.org/research/reports/2010/03/more-government-preschool-an-expensive-and-unnecessary-middle-class-subsidy
[32] States that have large-scale public preschool programs: http://www.heritage.org/research/reports/2009/05/does-universal-preschool-improve-learning-lessons-from-georgia-and-oklahoma?ac=1
[33] no better off in the process: http://www.heritage.org/research/reports/2013/01/head-start-impact-evaluation-report-finally-released
[34] little evidence of demand: http://www.heritage.org/research/reports/2013/03/universal-preschools-empty-promises
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