ObamaConomy Update

• Summer Jobs: Worst Teen Summer Job Market In 41 Years
• Retail sales drop 1.2 percent in May, largest drop in 8 months
• U.S debt to rise to $19.6 trillion by 2015
• U.S.’s $13 Trillion Debt Poised to Overtake GDP
• Obama Renews Call for $30 Billion Plan to Boost Hiring
• For-profit colleges reap big benefit from stimulus

It’s a matter of priorities

The Obamas and the high-ups in the Obama administration sure have been busy these past few weeks. While the oil spill continues in the gulf, while the economy melts down at home and abroad, while there are increasing tensions in the middle east, while Iran continues its ambitions to get a nuclear weapon, while North and South Korea square off, the Obama administration is partying like it’s 1999. Their activities tell us exactly where their priorities lie. Topping their list of priorities: Barack and Michelle attended a gala at Ford’s Theater; White House spokesman Tommy Vietor and chief speechwriter Jon Favreau competed in a beer pong match; White House Chief of Staff Rahm Emanuel and Vice President Joe Biden ran around chasing each other with squirt guns.

And on this past Sunday, the 66th anniversary of D-Day, Obama did…. exactly nothing to commemorate it.

WHO is up to something

We’re not sure what yet, but something rotten is going on at the UN’s public health care apparatus, the World Health Organization. We’ve collected these two headlines over the past few weeks:

• World Health Organization Moving Ahead on Billions in Internet and Other Taxes
• Reports accuse WHO of exaggerating H1N1 threat, possible ties to drug makers

Not surprisingly, both of these articles involve the WHO getting gobs of money. Where is it being funneled to, and for what purpose? Don’t know just yet, but our spidey senses are tingling.

Who’s going to regulate the regulators?

Say you own a family dairy farm that’s 2 miles from the border to a neighboring state. Say a city in that neighboring state is closer to your dairy farm than the closest city in your own state. Want to sell milk to places in that neighboring state? Well, there’s a law against that, thanks to the FDA. It seems nothing is safe from the government regulators, not even olive oil. These government agencies and bureaucracies seem to do nothing productive and instead come up with policies and mandates to simply justify their own existence. Is it any wonder more and more people — now 58% of the American public — favor repealing ObamaCare?