Keyword: barackalypsenow

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  • Missing: 5.4 million workers (Astonishing! Published in the Boston Globe Workers Circle)

    02/08/2012 10:08:10 AM PST · by pabianice · 18 replies
    <p>As searches dragged on, many just stopped looking. Now they arenít even counted among the jobless.</p> <p>Jackson Julien looked for a fun job, then for anything. Finally, demoralization set in.</p> <p>Millions of Americans have vanished from the US labor force in the past three years, many of them so discouraged by long, fruitless job searches that they have given up looking for work, convinced that no employer wants them, according to a new study.</p>
  • President Obama's Incredible Shrinking Labor Force

    02/08/2012 10:10:00 AM PST · by GVnana · 20 replies
    Human Events ^ | 2/8/2012 | Newt Gingrich
    President Obama last week brandished new jobs numbers as proof that his policies were having an effect on the unemployment rate, which the report said declined to 8.3 percent in January. The president is right about one thing: his big government agenda and class warfare tactics are having an effect -- but it's not the one he claims. In truth, last month's drop in the unemployment statistic was due largely to the evaporation of 1.2 million people from the labor force number. When people become so discouraged they stop actively looking for work, they are no longer counted as unemployed...
  • The Top 5 Reasons Obama Must Be Removed as Commander-in-Chief

    01/08/2012 11:54:54 PM PST · by 2ndDivisionVet · 18 replies
    American Thinker ^ | January 9, 2012 | Stella Paul
    Obama recently signed a mysterious new law that proclaims all American soil is a "battleground," thereby allowing the president to indefinitely detain any American citizen without charges. Critics fear Obama will use his fun new unconstitutional powers to make his political enemies disappear, but that may not be necessary. The way things are going, most patriotic Americans will soon be six feet under, felled by apoplectic strokes brought on by reading the latest outrage committed by our "Commander in Chief." He may not have a limit to what he'll inflict; but our collective blood pressure may have a limit to...
  • Welfare Lines Overflow

    01/05/2012 12:34:41 PM PST · by WOBBLY BOB · 13 replies · 1+ views
    WSJ ^ | 1-3-12 | MICHAEL HOWARD SAUL And ALISON FOX
    Growing numbers of New Yorkers seeking food stamps have created an unwelcome spillover effect at some of New York City's job centers: overcrowding that in some cases has grown so severe, benefits were jeopardized. The crush of people grew so large at one Brooklyn center in November that the Fire Department intervened and prevented anyone from entering the building.
  • Schumerís strategy to turn the ailing economy into a ďTea Party recessionĒ

    10/12/2011 9:14:29 AM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 10/12/2011 | Tina Korbe
    As Allahpundit wrote of last night's Senate vote to block the president's jobs bill, the outcome was just about as perfect as it could have been for the president, whose jobs package, loaded as it was with tax hikes Republicans were bound to reject out of hand, wasn't designed to pass in the first place. The vote last night provides the basis for Democrats to blame Republican obstructionism for the next 13 months of a slow-to-no recovery, and blame ‚Äėem they will. But they won‚Äôt just blame ‚ÄúGeneric Republicans.‚ÄĚ As the Senate now lays its plans to vote piece by...
  • Devastating Video: ĎObama By The Numbersí

    10/05/2011 9:22:25 AM PDT · by existentialist · 40 replies
    Breitbart.tv ^ | Powerline.com
    From Powerline.com comes a video that is beginning to go viral and to devastating effect for the Obama Administration. The President's words as a candidate, criticizing the Bush Administration, presented side-by-side with the statistics showing how much worse things have gotten under President Obama is an argument that is nearly impossible for any fair-minded person to rebut. http://www.breitbart.tv/devastating-video-obama-by-the-numbers/
  • Layoffs In September EXPLODE 126% In Worst Month Since April 2009

    10/05/2011 7:39:44 AM PDT · by SeekAndFind · 26 replies
    Business Insider ^ | 10/05/2011 | Joe Weisenthal
    Just out from Challenger, the latest survey of job cuts: Employers announced plans to shed 115,730 workers from their payrolls in September, making it the worst job-cut month in over two years. Heavy reductions planned by the military accounted for a large portion of September job cuts, signaling what may lie ahead as the federal government seeks across-the-board cuts in spending. September job cuts were 126 percent higher than the 51,114 announced in August, according to the latest report on monthly job cuts released Wednesday by global outplacement firm Challenger, Gray & Christmas, Inc. They were 212 percent higher than...
  • The Most Important Video Of The 2012 Election Cycle

    10/04/2011 9:15:17 AM PDT · by RabidBartender · 1 replies
    Powerline Blog ^ | Powerline Blog
    No text, just a video at the website playing clips of Obama's speeches while comparing economic numbers when he made the speech, and currently.
  • THE MARKET IS GETTING WORSE: NASDAQ Off 3%, Dow off 240, Banks Getting Killed

    10/03/2011 12:03:04 PM PDT · by blam · 36 replies
    TBI ^ | 10-3-2011 | Joe Weisenthal
    THE MARKET IS GETTING WORSE: NASDAQ Off 3%, Dow off 240, Banks Getting Killed Joe Weisenthal Oct. 3, 2011, 2:48 PM UPDATE AT 2:50: With a little more than an hour to go, markets are getting killed even more. The Dow is off about 240. The NASDAQ is down 3^, and the S&P 500 is down 2.6%. All day has been a continuation and acceleration of the concerns that really got rolling in September, especially on the bank front. Morgan Stanley is down nearly 7%. At rival Goldman Sachs, CDS have hit their highest level since October 2008. Bank of...
  • EPAís greenhouse gas science didnít follow its own peer review procedure, Inspector General says

    09/28/2011 9:17:08 AM PDT · by SeekAndFind · 25 replies
    Hotair ^ | 09/28/2011 | Tina Korbe
    The data process used to arrive at the administration‚Äôs determination that greenhouse gases endanger ‚Äúthe public health and welfare‚ÄĚ violated the Environmental Protection Agency‚Äôs own peer review procedure, a new report from the EPA Office of the Inspector General reveals.Sen. James Inhofe (R-Okla.), ranking member of the Senate Committee on Environment and Public Works, requested this report in April, asking that the OIG determine whether the EPA ‚Äúfollowed key federal and Agency regulations and policies in developing and reviewing the technical data used to make and support its greenhouse gases endangerment finding.‚ÄĚ Now, Inhofe is calling for a series of...
  • Allen West: Obama Intentionally Killing the Economy

    09/28/2011 7:50:03 AM PDT · by tcrlaf · 120 replies
    Fox News ^ | 9-28-11 | Fox News
    Fla. Rep. Allen West was asked if President Obama is just inept or if he is intentionally harming the economy. West says heís definitely doing this on purpose. (Video at the Fox News link.)
  • Durable-Goods Orders Decline

    09/28/2011 7:37:33 AM PDT · by Wpin · 10 replies
    The Wall Street Journal ^ | Sept. 28, 2011 | By Jeff Bater And Jeffrey Sparshott
    Orders for long-lasting goods unexpectedly fell during August, the second drop in three months as manufacturers struggle with a bad economy. Durable-goods orders decreased by 0.1% from the prior month to $201.76 billion, the Commerce Department said Wednesday. Economists surveyed by Dow Jones Newswires had forecast a 0.2% rise in orders during August for durables, which are goods designed to last at least three years. The drop followed a 4.1% surge in July and a 1.1% decline during June. In an encouraging sign within an otherwise uninspiring report, a barometer used to gauge spending by businesses on equipment rose. Orders...
  • John Galt's Advice to Obama

    09/09/2011 8:47:45 AM PDT · by Kaslin · 10 replies
    Townhall.com ^ | September 8, 2011 | J. D. Thorpe
    ďGet out of the way.Ē With this statement, John Galt articulated the simple and necessary policy solution to the disastrous centrally-planned economy in Atlas Shrugged. Itís also sage advice that President Obama should consider before he unveils his latest jobs plan before the Joint Session of Congress tonight. This advice is strikingly prescient as our nationís economy moves ever-closer to mirroring the calamitous state of affairs that befell society in Randís novel. During his two and half years in office, Obama has crushed the labor market with a pro-statist agenda, which includes ObamaCare, the stimulus package, coziness to Big Labor,...
  • Rising Fears of Recession (Odds of a Double Dip Nears 50%)

    09/08/2011 10:54:33 AM PDT · by SeekAndFind · 19 replies
    New York Times ^ | 09/08/2011 | David Leonhardt
    If history is a guide, the odds that the American economy is falling into a double-dip recession have risen sharply in recent weeks and may even have reached 50 percent. Economies have a strong self-reinforcing nature. When people are optimistic, they spend, which begets hiring and then more spending. When people are anxious, they pull back, which leads to a cycle of hiring freezes and further anxiety that often lasts for months. The United States appears to have entered some version of the vicious cycle. Most ominously, job growth has slowed to a pace that typically signals the start of...
  • Barack Obama: The Single Biggest Destroyer of Jobs in US History

    09/02/2011 3:55:17 PM PDT · by Kaslin · 15 replies
    Rush Limbaugh.com ^ | September 2, 2011 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: There weren't any jobs. What is there to say? In fact, I'll tell you, I don't know how they're gonna revise this number down. They revise the number down every month, right? How are they gonna revise zero down? Well, yeah, there had to be a net loss of jobs. Now, actually, there was a guy hired in August. And all of the networks had planned live interviews with the guy who got the job in August, but he got laid off on August 31st, so there was no job created. There was one guy who got...
  • Nonfarm payroll flat in Aug, jobless rate 9.1%

    09/02/2011 5:35:14 AM PDT · by Free Vulcan · 71 replies · 1+ views
    Marketwatch ^ | 9.2.11
    <p>WASHINGTON (MarketWatch) - Job growth was unchanged in August, the weakest performance in almost a year...lower than the 53,000 gain expected.</p>
  • Will Obama Attempt A Spread the Jobs Around Scheme?

    08/26/2011 2:48:15 PM PDT · by Kaslin · 27 replies
    Townhall.com ^ | August 26, 2011 | Austin Hill
    Yes, you read correctly. ďSpread the jobs around.Ē Youíre probably familiar with Barack Obamaís well documented intentions to ďspread the wealth around.Ē In a discussion about his vision for economic recovery back during the campaign of 2008, he expressed that intention using those precise words (do a web search with the Presidentís name and the phrase, and see what pops up). Today, the President struggles with the political consequences brought about by the stifled economy, which has been brought about his own ďwealth spreadingĒ ways. Yet within the Obama worldview, it makes sense that a President who has displayed no...
  • Obama and the 'Competency Crisis' [Mort Zuckerman bails]

    08/25/2011 7:56:43 AM PDT · by mathprof · 35 replies
    Wall Street Journal ^ | 8/25/2011 | Mortimer Zuckerman
    The rising impatience with the leadership of President Obama was epitomized on Aug. 8 in the middle of one of the now-habitual Wall Street roller coasters. His speech on the economy was 53 minutes late. What showed on TV screens was an empty White House podium, an image suggestive of the absence of leadership. When the president did speak, the best he could come up with was "We've always been and always will be a triple-A country." The market's response was a Bronx cheer, a drop of another 300 points. Mr. Obama seems unable to get a firm grip on...
  • Jobless claims in U.S. rise to 417,000

    08/25/2011 6:06:43 AM PDT · by Free Vulcan · 48 replies
    Marketwatch ^ | 8.25.11 | Jeffry Bartash
    New applications for U.S. unemployment compensation rose 5,000 to 417,000 , the Labor Department said Thursday. Initial claims from two weeks ago were revised up to 412,000 from an original reading of 408,000... The average of new claims over the past four weeks, meanwhile, increased by 4,000 to 407,500...In addition, the Labor Department said the number of Americans who continue to receive state unemployment checks fell by 80,000 to 3.64 million in the week ended Aug 13. Continuing claims are reported with a one-week lag.
  • The Five Most Catastrophic Hidden Costs of the Obama Presidency

    08/24/2011 12:24:59 PM PDT · by Kaslin · 11 replies
    Pajamas Media ^ | August 24, 2011 | Kyle- Anne Shiver
    Deep prices waiting to pounceWe well remember candidate Barack Obama¬ís ¬í08 throngs laying in breathless wait for the ¬ďLightworker¬Ē to appear and speak as ¬ďsort of like God¬Ē from his teleprompter on high. Now, with nearly everything this president has touched lying in shambles, a shrunken Obama whines from town to town, transported in a taxpayer-purchased bus that resembles a big, fat hearse ‚ÄĒ the perfect symbol for the harbinger of economic death that Obama¬ís presidency has become.It¬ís painfully apparent now that the American people were scammed in ¬í08 by Barack the Bamboozler in what will be known historically as...
  • Survey: Employers consider ending health coverage

    08/24/2011 10:39:41 AM PDT · by TSgt · 31 replies
    AP via WCPO ^ | 8/24/2011 | TOM MURPHY
    INDIANAPOLIS (AP) - Nearly one of every 10 midsized or big employers expects to stop offering health coverage to workers once federal insurance exchanges start in 2014, according to a new survey from a large benefits consultant. Towers Watson also found in a survey completed last month that an additional 20 percent of the companies are unsure about what they will do. Another big benefits consultant, Mercer, found in a June survey of large and smaller employers that 8 percent are either "likely" or "very likely" to end health benefits once the exchanges start. Employer-sponsored health insurance has long been...
  • Is Obama's "specific" jobs plan now just an outline?

    08/22/2011 11:43:43 AM PDT · by SeekAndFind · 26 replies
    Washington Examiner ^ | 08/22/2011 | Philip Klein
    Last Monday, President Obama made news by promising to give a speech in September detailing, "a very specific plan to boost the economy, to create jobs and to control our deficit." But has that "very specific plan" already been downgraded to an outline? That is, at least, the impression I got watching Obama advisors Robert Gibbs and David Axelrod on yesterday's Sunday morning shows. "The president is going to outline a short-term plan to accelerate the economy," Axelrod said on ABC's This Week, "in the face of the hits we've taken, because of the Arab Spring and oil prices, because...
  • He Could Always Admit He Was Wrong

    08/22/2011 12:07:26 PM PDT · by neverdem · 21 replies
    American Spectator ^ | 8.22.11 | Ralph R. Reiland
    Only 26 percent of the public approves of President Obama's handling of the economy in the latest Gallup poll, conducted Aug. 11-14, while a whopping 71 percent said they disapproved. That's down from Obama's previous low point of 35 percent on this top issue. The public's growing dissatisfaction shouldn't be surprising. Going back to 1890, reports the National Bureau of Economic Research, the only U.S. president with a worse record than Obama in job creation in his first two and a half years in office, measured in terms of percentage change, was Herbert Hoover, presiding over the emergence of the...
  • 66 Percent of CEOs Plan to Freeze or Downsize Workforce Size

    08/19/2011 6:28:28 PM PDT · by 2ndDivisionVet · 47 replies
    ChiefExecutive ^ | August 11, 2011
    Despite a politically and economically tumultuous start to the month of August, CEO confidence stayed steadily pessimistic. Although the index did rise Ė for the first time in months and by only 0.4 percentóit still remains at a low 5.30 out of a possible 10. The Index, Chief Executiveís monthly gauge of CEOsí perceptions of overall business conditions, has seen a 17 percent drop from Februaryís 2011 high of 6.39. Now, only 45.3 percent of CEOs expect business conditions to be at least Ďgoodí in the next year, up from Julyís 41 percent. Despite the debt ceiling drama and the...
  • Residents vent their ire over economy at Pelosi, Lee in Oakland town hall

    08/18/2011 11:45:52 AM PDT · by markomalley · 19 replies
    San Jose Mercury News ^ | 08/17/2011 | Josh Richman
    They lined up dozens deep to tell of their economic struggles and to plead for help from the four Democrats lawmakers on the stage. A single mother laid off in 2009; an electrician who has worked only six of the past 24 months; a janitor locked out of her job over a medical-benefits dispute; and many more -- the frustration was palpable at the "Speak Out for Good Jobs Now!" town hall meeting that Rep. Barbara Lee, D-Oakland, hosted Tuesday night at Acts Full Gospel Church of God in Christ. Some of it was aimed squarely at House Minority Leader...
  • Betrayed by their Elders ó And Their Party

    08/18/2011 9:44:55 AM PDT · by Kaslin · 1 replies
    Pajamas Media ^ | August 18, 2011 | Tom Blumer
    Philadelphia Mayor Michael Nutter needs to look at who really "damaged their own race." A week ago, in the midst of this, the summer of the flash mob ‚ÄĒ groups of mostly black teens who have attacked non-blacks at random in public places ‚ÄĒ Philadelphia Mayor Michael Nutter angrily lectured his city‚Äôs young black thugs: If you walk into somebody¬ís office with your hair uncombed and a pick in the back, and your shoes untied, and your pants half down, tattoos up and down your arms and on your neck, and you wonder why somebody won¬ít hire you? They don¬ít...
  • Obama's Jobs Policies Will Reduce Job Opportunities

    08/18/2011 10:20:24 AM PDT · by SeekAndFind · 8 replies
    Real Clear Markets ^ | 08/18/2011 | Diana Furchtgott-Roth
    The White House announced that President Obama will deliver a major address on job creation early in September. Mr. Obama could address proposed Labor Department regulations that would hobble employers with paperwork, reducing hiring. These regulations include affirmative action rules for minorities and women at on-site construction jobs for federally-funded projects; requirements for federal contractors to keep records of the race, sex, and earnings of employees; rules governing dust levels in coal mines; and rules to expand preferences for veterans in the workplace. Such regulations are even more extraordinary in light of Mr. Obama's avowed pursuit of regulatory simplicity and...
  • Obama Won't Propose One New Thing (Predictable)

    08/18/2011 7:34:07 AM PDT · by Kaslin · 25 replies
    Townhall.com ^ | August 18, 2011 | Craig Steiner
    President Obama is promising a post-Labor Day "jobs push" and will be addressing the nation on jobs at that time. My biggest question is, who cares? ďRight after Labor Day, President Obama will speak to the nation about the labor situation, a senior administration official told CNN on Wednesday. The president plans to deliver a speech about a package of new initiatives designed to grow the economy and create jobs, then he'll spend the fall pushing Congress to pass those measures, the official said. The Obama administration has not finalized that package, but it's likely to include some tax cuts,...
  • Americans' Satisfaction With National Conditions Dips to 11%

    08/18/2011 5:19:21 AM PDT · by markomalley · 13 replies
    Gallup ^ | August 18, 2011 | Jeffrey M. Jones
    PRINCETON, NJ -- Americans' satisfaction with the way things are going in the United States has fallen back to 11%, the lowest level since December 2008 and just four percentage points above the all-time low recorded in October 2008. The Aug. 11-14 Gallup poll finds satisfaction down five points from July (16%) and nine points since June (20%). The dip is likely a response to the recent negotiations to raise the federal debt ceiling and continued concern about the national economy amid a volatile stock market. The recent downing of a U.S. military helicopter in Afghanistan resulting in the deaths...
  • Jobless Claims, Inflation Rise More Than Expected

    08/18/2011 6:22:11 AM PDT · by markomalley · 33 replies
    CNBC.com ^ | Thursday, 18 Aug 2011
    New U.S. claims for unemployment benefits rose more than expected last week, according to a government report on Thursday that suggested hiring in August was steady but not robust. Meanwhile, the Labor Department says the Consumer Price Index rose 0.5 percent in July, following a drop of 0.2 percent in June. Gas prices accounted for much of the swing. Prices increased by a seasonally adjusted 4.7 percent, after falling sharply in June. The core index, which excludes volatile food and energy, rose 0.2 percent. That's below the 0.3 percent rise in each of the previous two months. Prices are 3.6...
  • Philly Fedís factory index in August freefall (butt ugly manufacturing report)

    08/18/2011 7:54:58 AM PDT · by Free Vulcan · 10 replies
    Marketwatch ^ | 8.18.11 | Gregg Robb
    WASHINGTON (MarketWatch) ó Factory activity in the Philadelphia region weakened sharply in August to the lowest level seen in more than two years, the Federal Reserve Bank of Philadelphia said Thursday, adding to fears that the economy has ground to a halt. The Philly Fedís business outlook survey fell to negative 30.7 in August from 3.2 in July. This is the lowest reading since March 2009. Readings below zero indicate contraction in the regionís factories. The size of the decline in the index stunned analysts ó economists had expected a reading of 0.5 in August...
  • A Second Great Depression, or Worse?

    08/18/2011 8:38:19 AM PDT · by JustAnotherOne · 34 replies
    Yahoo finance ^ | Thursday August 18, 2011 | SIMON JOHNSON
    With the United States and European economies having slowed markedly according to the latest data, and with global growth continuing to disappoint, a reasonable question increasingly arises: Are we in another Great Depression? The easy answer is "no" - the main features of the Great Depression have not yet manifested themselves and still seem unlikely. But it is increasingly likely that we will find ourselves in the midst of something nearly as traumatic, a long slump of the kind seen with some regularity in the 19th century, particularly if presidential election-year politics continue to head in a dangerous direction. The...
  • Stocks plunge on economic fears [Vacation Time!]

    08/18/2011 6:55:22 AM PDT · by Oldeconomybuyer · 73 replies
    CNN Money ^ | August 18, 2011 | By CNNMoney staff
    NEW YORK -- Turmoil returned to U.S. stock markets at Thursday's open as renewed concerns about the global economy sent major indexes plunging and pushed gold to a new record high. Investors were working through bad news on various fronts, including a dismal forecast from Morgan Stanley for global economic growth, and two U.S. government-issued reports on inflation and the job market.
  • Obama: Tea-party GOP blocking U.S. recovery

    08/17/2011 8:33:39 AM PDT · by upchuck · 62 replies
    The Washington Times ^ | August 16, 2011 | Dave Boyer
    A day after clashing with a tea party activist, President Obama Tuesday told crowds here that it was ďa faction in CongressĒ that was to blame for blocking economic progress. At a rural jobs forum, Mr. Obama ticked off a list of pending bills that he said would create jobs. ďThe only thing thatís preventing us from passing the bills I just mentioned is the refusal of a faction in Congress to put country ahead of party,Ē the president said in a thinly veiled reference to House Republicans backed by the tea party. ďThat has to stop.Ē ... Mr. Obama...
  • $2.4 Trillion Nail in the Coffin

    08/17/2011 8:16:56 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | August 17, 2011 | Marc Nuttle
    Washington just added another $2.4 trillion to an already exploding debt of $14 trillion. The accumulated obligations of the U.S. now exceed 100% of Americaís Gross Domestic Product. Weíve reached that point at which we are trapped in an economic catch-22. Over the last 150 years or so, the average interest rate paid on cost of capital has been 4%. But these days, interest rates on the federal debt run just 1.25%. Thatís mostly due to a lack of demand by private companies for borrowing and the fact that the Fed is pumping money into the bond markets to keep...
  • Obama may seek more stimulus

    08/17/2011 8:16:56 AM PDT · by Qbert · 6 replies
    American Thinker ^ | 8/17/2011 | Rick Moran
    OK - I may not be the brightest bulb in the room...[Snip], but how can you call something a deficit reduction committee if you are going to spend more taxpayer dollars to stimulate the economy? Isn't that sort of counterintuitive? Welcome to Obama's Fantasyland: President Barack Obama is considering recommending that lawmakers on a deficit committee back new measures to stimulate the lagging economy, people familiar with White House discussions said Tuesday. The plan Mr. Obama is considering also would recommend the congressional committee come up with a package that reduces the federal budget deficit by much more that its...
  • Obama To Give Major Jobs Speech (3 years in and another "major" jobs speech that won't create jobs)

    08/17/2011 3:52:34 AM PDT · by tobyhill · 52 replies
    npr ^ | 8/17/2011 | ap
    Seeking a jolt for a wilting economy, President Barack Obama will give a major speech in early September to unveil new ideas for speeding up job growth and helping the struggling poor and middle class, a senior administration official told The Associated Press. The president's plan is likely to contain tax cuts, jobs-boosting infrastructure ideas and steps that would specifically help the long-term unemployed. The official emphasized that all of Obama's proposals would be fresh ones, not a rehash of plans he has pitched for many weeks and still supports, including his "infrastructure bank" idea to finance construction jobs. On...
  • Appeals Court Rules Fannie/Freddie Docs Can be Kept Secret

    08/15/2011 10:07:24 AM PDT · by Nachum · 22 replies
    Big Government ^ | 8/15/11 | Tom Fitton
    So far the U.S. government has bailed out Fannie Mae and Freddie Mac to the tune of at least $130 billion, and perhaps as much as $1 trillion. And yet, the Obama administration continues to stonewall the release of documents that could shed light on why Fannie and Freddie failed, thereby sending the economy into a tailspin from which we have yet to recover. (Those records are housed at the Federal Housing Finance Agency (FHFA) now that Fannie and Freddie are owned and operated by the federal government.)
  • The Economy Continues to Deteriorate While Obama Thinks About Rearranging His Org Chart

    We got another negative data point today, the August Empire State Manufacturing Index came in below expectations, showing a 3rd straight month of contraction in current business conditions. Alarmingly, the index for future business conditions had the 3rd lowest reading in the last 10 years (the only lower datapoints were for September 2001 because of what happend on 9/11, and February 2009). Besides the actual reading, the rate of change is rather disturbing. Over the last six months, future expectations have deteriorated at the fastest rate of the last 10 years. As you can see from the chart below, the...
  • Obama Team Sharpens Attacks on Republican Field, Defends President

    08/14/2011 7:08:55 PM PDT · by Blood of Tyrants · 36 replies
    FoxNews ^ | 8/14/11 | Unknown
    Not knowing who the eventual Republican presidential nominee will be in the 2012 election, President Obama's supporters are taking the opportunity to blast all of the GOP candidates, using aggressive language to argue that the crop of contenders is either uninterested or incapable of helping Americans. Much of the criticism is focused on describing the candidates as lackeys to the Tea Party, which establishment Democrats have classified as right-wing zealots bent on destroying the U.S. snip "In a Republican field that has already pledged allegiance to the Tea Party and failed to present any plan that will benefit the middle...
  • ObamaCare stomping on liberty

    08/14/2011 10:51:36 AM PDT · by george76 · 19 replies
    Sentinel & Enterprise ^ | 08/09/2011 | STAR PARKER
    Who can forget that rare moment of honesty during the campaign to pass Obamacare when Nancy Pelosi said, "We have to pass the bill in order for you to find out what's in it"? Now we have it, and almost daily there are new revelations about the staggering extent to which our private lives and individual freedoms have been stomped on. We learn now that free birth control in the form of contraceptives, morning-after pills, and sterilization is part of the grand Obamacare socialist dream-come-true. The health insurance that Obamacare mandates that all employers provide and that all citizens acquire...
  • Obama vows new ideas to boost jobs, slams Congress (Resign now and that will boost jobs)

    08/11/2011 3:35:42 PM PDT · by tobyhill · 38 replies
    reuters ^ | 8/11/2011 | Laura MacInnis
    President Barack Obama sought to reassert economic leadership on Thursday by pledging to deliver new ideas every week to create jobs, and he slammed Congress for "bickering" that hurts economic recovery. In a passionate speech to auto industry workers aimed at deflecting public anger over policy gridlock in Washington, Obama said the refusal to put country ahead of party "has got to stop." His hopes for reelection in 2012 will hinge on his success in lowering unemployment, currently pinned above 9 percent, and boosting sluggish economic growth, and he promised to deliver fresh approaches. "I'll be laying out more proposals...
  • DeMint [R-SC]: Obama Administration Most "Anti-American" In My Lifetime

    08/11/2011 12:07:36 PM PDT · by upchuck · 17 replies
    RCP ^ | August 11, 2011
    DeMint: "We saw within a few days that this President was going to be heavy-handed, he was going to implement his agenda and pay back his political allies, and it just went on from there to ObamaCare and then to Dodd-Frank. It has been the most anti-business and I consider anti-American administration in my lifetime. Things that are just so anathema to the principles of freedom, and everything he has come up with centralizes more power in Washington, creates more socialist-style, collectivist policies. This president is doing something thatís so far out of the realm of anything Republicans ever did...
  • Higher Food Prices on Way (ahead of 2012 elections)

    08/10/2011 11:37:03 PM PDT · by rabscuttle385 · 30 replies
    The Wall Street Journal ^ | 2011-08-11 | Leslie Josephs & Paul Ziobro
    NEW YORKóAmerican consumers can expect bigger grocery bills in 2012, even as commodity prices are forecast to fall. (snip) In a recent report, the U.S. Department of Agriculture said grocery-store prices will likely rise 3% to 4% in 2012, on par with this year, even though ingredient costs may fall. The biggest increases would likely be in the first half of next year, but prices would most likely ease later in 2012, said USDA economist Richard Volpe.
  • Treasury reports $1.09T deficit through July (and Commiecareô hasn't even hit yet)

    08/10/2011 4:40:00 PM PDT · by Libloather · 4 replies
    The Hill ^ | 8/10/11 | Erik Wasson
    Treasury reports $1.09T deficit through JulyBy Erik Wasson - 08/10/11 03:13 PM ET The Treasury Department on Wednesday reported the nation has run a $1.099 trillion budget deficit through July. The deficit is about $70 billion less than last year's budget deficit at this point in the fiscal year. The reason is higher government revenues, the Treasury statement said. Total spending has increased this year from $2.921 trillion to $2.992 trillion, but receipts to the government are up from $1.753 trillion to $1.893 trillion. The fiscal year ends on Sept. 30. The latest figures on the budget deficit come after...
  • Three Cheers for Decline (Liberals get their wish, America is now more like Europe)

    08/10/2011 5:25:04 PM PDT · by SeekAndFind · 6 replies
    Foreign Policy ^ | 08/09/2011 | CHARLES KENNY
    As the U.S. bond rating falls and the stock market plunges, the American Century looks to be well and truly over. While this has provoked no small amount of hand-wringing, Americans may soon come to enjoy no longer bearing the responsibility for running the world's indispensable nation. The signs of decline are everywhere. Illegal immigrants are heading back home in search of a better life. China already leads the world in green technology and is about to become the world's biggest economy in terms of purchasing power. Two U.S.-led wars are dragging toward an end charitably described as: mission not...
  • A President In Over His Head Should Resign

    08/10/2011 4:57:46 PM PDT · by Kaslin · 88 replies
    IBD Editorials ^ | August 10, 2011 | DOUG MACKINNON
    As our economy continues to self-destruct; U.S. credit is shockingly downgraded; home prices remain at historic lows; unemployment rises; small businesses continue to close their doors; public-employee-bloated cities, towns, states and employers continue to default; race riots flare, Mexican drug cartels cross our sovereign border at will to establish ultraviolent operations; test scores for public school children continue to plummet; the health care system falls under the control of a failed socialist model; terrorism rises, and the world outside our borders spirals into deeper and more dangerous chaos, a serious and very legitimate question needs to be asked: In the...
  • Good news: Despite economic apocalypse, Obamaís vacation still a go

    08/10/2011 3:26:18 PM PDT · by mandaladon · 25 replies
    Hot Air ^ | 10 Aug 2011 | Allahpundit
    I know what youíre thinking. ďIt seems like just yesterday that he was talking about a Ďnew sense of urgencyí on deficits and job growth.Ē Youíre wrong, though. It was two days ago. Maybe the mood passed? Over to you, Zero Hedge guy: We bring you this special announcement courtesy of the White House which has informed that American plebs that following a fantastic job well done, in which the market is now back to pre-QE2 levels, unemployment is near record highs, delays for presidential press meetings compare with Newark airplane take offs, pessimism is at record highs, Americaís credit...
  • The buck stops with Obama

    08/10/2011 3:13:30 PM PDT · by Clive · 8 replies
    Sun News Network ^ | 2011-08-10 | (editorial)
    U.S. President Barack Obama may be a Democrat, but he is certainly no Harry Truman. Truman, the 33rd president of the United States, had a sign on his desk that read, "The buck stops here!" Obama, president No. 44, has chosen instead to pass the buck, claiming his country's economic troubles were inherited, and the majority of the mess on his desk is not his fault. As a result, he's become a full-fledged disaster, eclipsing even Jimmy Carter as the worst president in modern U.S. history. Obama is drowning in his own purple prose, and is so in love with...
  • Obama is Financially Destroying Middle Income Families

    08/10/2011 3:18:08 PM PDT · by Iam1ru1-2 · 24 replies
    VisionToAmerica.org ^ | August 10, 2011 | VisionToAmerica.org
    Supposedly, one of the main purposes behind Obamacare was to provide affordable health care coverage for every American family. Yeah, right! Since the passage of Obamacare, healthcare costs have climbed higher than they have ever been. More and more employers are reducing the amount and type of coverage they provide to their employees while increasing how much the employees pay. Deductibles are getting so high that many families canít reach the limit and have to pay everything out of pocket. And then Obamacare mandated that every American WILL purchase health insurance or be penalized and fined by the IRS when...