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Keyword: obamadepression

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  • Obama: GOP lawmakers will pay for blocking jobs bill

    11/14/2011 6:48:03 AM PST · by markomalley · 27 replies
    The Washington Times ^ | November 14, 2011 | Dave Boyer
    Americans “aren’t feeling real good” about Republicans in Congress who have blocked his $447 billion jobs bill, President Obama said late Sunday night. “The American people, at this point, are wondering about congressional leadership in failing to pass the jobs bill — the components of which the majority of Americans, including many Republicans — think are a good idea,” Mr. Obama said at a news conference in Hawaii at the conclusion of a Pacific summit. He said Republican lawmakers are likely to pay a price at the polls next November for standing in the way of his proposals, which include...
  • Obama's New Job Plan: Kill 400,000 Jobs Immediately

    11/12/2011 8:02:12 AM PST · by Kaslin · 31 replies ^ | November 12, 2011 | John Ransom
    The decision by the Obama administration to delay any action on the XL Keystone pipeline until after the election is a fitting development for an administration that has pursued a bankrupt energy policy, a bankrupt jobs policy and is quite literally bankrupting the country with politics thinly veiled as policy. And the beauty for Obama in this latest axe he's taken to jobs in the USA is that he doesn't even have consider Congress while he's swinging it. He can kill close to a half-a-million jobs all on his own.    “The State Department said Thursday it would take up to 18...
  • Obama reads riot act to European leaders in late night phone calls and orders them to...

    11/11/2011 6:41:53 AM PST · by Libloather · 73 replies
    Daily Mail ^ | 11/11/11
    Obama reads riot act to European leaders in late night phone calls and orders them to take more dramatic action on debt crisisBy Daily Mail Reporter Last updated at 12:55 PM on 11th November 2011 Barack Obama has read the riot act to the leaders of several European countries - saying more dramatic action is needed to avert a eurozone meltdown. The U.S. President made telephone calls to German Chancellor Angela Merkel, French President Nicolas Sarkozy and Italian President Giorgio Napolitano late last night. Treasury Secretary Timothy Geithner said the president had demanded faster action from Europe. It came as...
  • It Is 1931. We Are Austria. If The Fed Doesn't Save Us Here Comes Another Great Depression...

    11/09/2011 3:27:31 PM PST · by blam · 76 replies
    TBI ^ | 11-9-2011 | Henry Blodget
    DELONG: It Is 1931. We Are Austria. If The Fed Doesn't Save Us Here Comes Another Great Depression... Henry Blodget Nov. 9, 2011, 5:21 PM How does Berkeley professor Brad Delong feel about what's going on in Europe? He's freaking out: Time to Spread Foam on the Runway: The Federal Reserve Needs to Act Now to Firewall Off the Eurocrisis I have been complaining for some time now that Reinhart and Rogoff think that the time is always 1931 and that we are always Austria--that the great fiscal crisis is about to erupt and send us lurching down toward Great...
  • Generation Jobless: Young Men Suffer Worst as Economy Staggers

    11/07/2011 5:30:01 PM PST · by MinorityRepublican · 12 replies
    The Wall Street Journal ^ | NOVEMBER 7, 2011 | CONOR DOUGHERTY
    Cody Preston, 25, keeps looking for work that will pay what he made installing granite counters. PORTLAND, Ore.—Few groups were hit harder by the recession than young men, like Cody Preston and Justin Randol, 25-year-old high-school buddies who didn't go to college. The unemployment rate for males between 25 and 34 years old with high-school diplomas is 14.4%—up from 6.1% before the downturn four years ago and far above today's 9% national rate. The picture is even more bleak for slightly younger men: 22.4% for high-school graduates 20 to 24 years old. That's up from 10.4% four years ago. In...
  • Economy: The rising cost of eating

    11/03/2011 8:26:01 PM PDT · by DeaconBenjamin · 90 replies · 1+ views
    Messenger Post ^ | Posted Nov 03, 2011 @ 09:48 AM | By Scott Pukos, staff writer
    A surge in food prices this year is impacting local grocery stores and restaurants, which in turn affects the people buying food from these places. But in many cases, owners of eateries and shopping venues say they have little choice but to raise prices to keep up with costs. “Oh yeah, prices have gone up like crazy,” said Mike Hetelekides, owner of The Villager Restaurant and Diner in Canandaigua. “We can’t keep up.” The U.S. Agriculture Department said last week that it expects retail food prices to increase 3.5 percent to 4.5 percent this year, after climbing just 0.8 percent...
  • Fed Lowers Growth Forecast, Raises Jobless Projections

    11/02/2011 11:44:56 AM PDT · by Qbert · 36 replies
    Reuters via CNBC ^ | 2 Nov 2011 | Reuters
    The Federal Reserve on Wednesday slashed its forecast for economic growth, raised projections for unemployment, and suggested Europe's debt crisis posed big downside risks to the U.S. economy. [Snip] Policymakers did not see the jobless rate falling to a level they consider consistent with full employment even at the outer edge of their forecasting horizon, the final quarter of 2014. Officials now expect the world's largest economy to expand by a tepid 2.5 percent to 2.9 percent next year, down from the rosier 3.3 percent to 3.7 percent they were expecting in June. They saw the unemployment rate going no...
  • Peanut Butter Prices Skyrocket in Obamaville

    11/02/2011 11:35:33 AM PDT · by Kaslin · 35 replies
    Rush ^ | November 2, 2011 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Well, finally I find some sound bites here that are not about me. Okay. We're gonna start at number 15. Folks, I'm sorry to do this but I just got the sound bite roster and I'm going through here and it's all about me. It's got Sharpton talking about me, Brokaw talking about me, everybody talking about me -- and I don't want to play those. So 15 through 19 is where we'll start, and after that, you know, I gotta play it by ear. How you doing, folks? Great to have you... (interruption) Oh, I'll play...
  • CEOs: Obama is bigger threat to success than Europe

    11/02/2011 9:48:08 AM PDT · by tobyhill · 6 replies
    msn money ^ | 11/2/2011 | jim cramer
    Can this economy turn without help from Washington, D.C.? Can it turn even with Washington hurting it? Those are the two questions I am asking industrial CEOs, and the answers are a little surprising. First, many of the industrial CEOs I deal with actually see a turn happening in this country's economy. They see it in nonresidential construction, which can be a real driver of the GDP growth. They see it in autos, where a 13 million auto build, once dreamed of, is now a reality. They see it in larger orders for trucks and generators and construction equipment. They...
  • Obama: We’re better off with my policies than four years ago (Watch Video)

    11/02/2011 9:24:40 AM PDT · by SeekAndFind · 19 replies
    Hotair ^ | 11/02/2011 | Ed Morrissey
    As Jim Geraghty says, it all depends on your definition of “better.” Do we have more jobs? No. Do we have lower unemployment? No. Do we have a more balanced federal budget? No. Do we have increasing household income? No.Hope and change, baby! CLICK ABOVE LINK FOR THE VIDEO Well, you know, I think we are better off now than we would have been if I hadn’t taken all the steps that we took. I don’t think the country is stronger yet then it was when the economy was still booming and we didn’t have Wall Street crisis, and we...
  • Occupied with jobs, jobs, jobs

    10/30/2011 2:11:08 PM PDT · by Kaslin · 18 replies ^ | October 30, 2011 | Paul Jacob
    Has the country gone mad? No need to answer; the question is rhetorical. (In other words, I know the answer, too.) According to the Bureau of Labor, 14 million Americans together make up our dismal national unemployment rate of 9.1 percent. That figure doesn’t include the 9.3 million who have uncomfortably settled into part-time work, or the million additional folks who have become discouraged and stopped looking for work altogether. This is a depression. No doubt, some agency of government spares no expense cataloguing the psychiatric records needed to substantiate that diagnosis.President Obama campaigns across the country for his jobs bill...
  • Fox Report With Shepard Smith: Praise To Hussein!

    10/27/2011 4:10:47 PM PDT · by Recovering_Democrat · 43 replies
    Fox News | 10/27/11 | Recovering_Democrat
    Just finished watching "Special Report" and before I could turn the channel, there was prancing Shep, singing the praises of Hussein over the stock market climb.
  • Obama’s Health Care Law Penalizes Marriage, Analysts Say

    10/27/2011 3:30:23 PM PDT · by tobyhill · 11 replies
    Fox News ^ | 10/27/2011 | Jim Angle
    A new wrinkle has surfaced in the implementation of the federal health care law that critics argue will impose a significant penalty on women and marriage. The law includes generous subsidies for the uninsured so they can afford to buy coverage in the new insurance exchanges that are part of the legislation. But several analysts told Congress Thursday the nature of the subsidies has an odd effect. "The way this bill is structured, there are disincentives for women to marry and disincentives for women to work," said Diana Furchtgott-Roth, a senior fellow at the Manhattan Institute for Policy Research. "And...
  • More suburban, middle class slide into poverty

    10/24/2011 4:40:46 AM PDT · by Graybeard58 · 44 replies
    Chicago Sun-Times ^ | Updated: October 24, 2011 6:23AM | Francine Knowles
    Fourteen months ago, Aurora resident Prentiss Bailey was going about happily living his life as usual. He was employed at a printing company where he’d worked for 10 years—a job that paid $17 an hour and that with the consistent overtime and $4,000 and $5,000 annual Christmas bonuses he got, enabled him to take care of his family and enjoy what he considered a middle income life. Today, he and his 10-year–old daughter live in a homeless shelter. So does 33-year-old Robert Estes, also of Aurora. They’re among the nearly 193,000 people who’ve been added to the ranks of the...
  • Occupy Wall Street necessary step forward (WWKMD*)

    10/21/2011 4:39:37 PM PDT · by 2ndDivisionVet · 4 replies
    The Acorn of Drew University ^ | October 21, 2011 | Corey Swika-Post, Opinions Editor
    Most people on Drew’s campus have probably heard the noise being caused by the protesters in New York City concerning the Occupy Wall Street movement, but how many actually know the details of what is going on? The Occupy Wall Street movement, which has inspired dozens of other “Occupy” events not only across the country but also the world, began a little more than a month ago as a protest to the various financial troubles being experienced in the United States today. The most well-known theme of the movement is the “99 percent versus the 1 percent” idea. That is,...
  • #Occupy Emails Reveal ‘Trojan Horse’ Strategy to Hide Socialist, Anarchist Goals of OWS 'Mob'

    10/21/2011 4:24:20 PM PDT · by Tanniker Smith · 25 replies
    Breitbart Presents Big Government ^ | 10/20/11 | Lee Stranahan
    A search of the email cache that BigGovernment released last week reveals that the #Occupy movement is largely driven by socialists and anarchists who realize they need to conceal their actual message and goals in order to appeal to the political mainstream. The goal of #Occupy is to build large enough numbers where a ‘mob mentality’ takes over so they achieve their real aim of overthrow, as evidenced by a statement from one of the #Occupy movement’s earliest and strongest advocates: …when the numbers are big enough, they will feel their oats, get impatient, and start demanding more than you...
  • Pelosi Statement on Republican Obstruction of Bill to Keep Teachers and First Responders On the Job

    10/21/2011 9:17:53 AM PDT · by Sub-Driver · 16 replies
    Pelosi Statement on Republican Obstruction of Bill to Keep Teachers and First Responders On the Job October 21, 2011 San Francisco – Democratic Leader Nancy Pelosi released the following statement today after Senate Republicans unanimously blocked last night the “Teachers, First Responders Back to Work Act,” which would create or save approximately 400,000 jobs for teachers, cops and first responders: “Last night, Senate Republicans voted unanimously against America’s teachers and first responders; they stood in opposition to strengthening American communities; they prevailed on behalf of millionaires and against middle class families; they thwarted job creation and economic growth. “This is...
  • Senate Democrats Vote for More Rape and Murder

    10/21/2011 4:19:49 PM PDT · by Kaslin · 2 replies
    Ruh ^ | October 21, 2011 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Did you see that? Senate Democrats have voted for more women to get raped, and Senate Democrats also voted for more murders. Senate Democrats voted down Obama's anti-rape and anti-murder bill. Senate Democrats voted against the $35 billion bill that would have prevented rape. We never heard from rapists yesterday about whether they were scared or not. Maybe we'll hear from some today. JOHNNY DONOVAN: And now, from sunny South Florida, it's Open Line Friday! RUSH: Open Line Friday! Yip yip yip yip yahoo. One of the greatest career risks ever taken by a major media figure....
  • Why Did the White House Cancel the Rose Garden Bill Signing Ceremony for the Free Trade Agreements?

    10/21/2011 3:19:52 PM PDT · by NoLibZone · 16 replies
    ABC news ^ | Oct 21 2011 | J Tapper
    Why did the White House cancel a Rose Garden bill-signing for the Free Trade Agreements, opting instead for a behind-closed-doors event? On Tuesday, the White House issued a press release announcing that “On Friday, October 21st, President Obama will sign the Korea, Panama and Colombia Free Trade Agreements and the renewal of Trade Adjustment Assistance for workers in the Oval Office before making remarks in the Rose Garden. In his remarks, President Obama will underscore that these trade agreements will significantly boost American exports, support tens of thousands of American jobs and protect labor rights, the environment and intellectual property....
  • Wall Street Did It? ( Not! Govt. Housing Bubble )

    10/21/2011 3:23:40 PM PDT · by Para-Ord.45 · 64 replies ^ | October 20 2011 | IBD
    (SEE GRAPHIC) But based on the number of toxic loans in the system in 2008, the government was responsible for not just a simple majority, but more than two-thirds. It's quantifiable — 71% to be exact (see chart). And the remaining 29% of private-label junk was mostly attributable to Countrywide Financial, which was under the heel of HUD and its "fair-lending" edicts. To be fair, the blame-Wall Street narrative has cemented in the public consciousness, and is hard to crack. That's because in the wake of the crisis, the Obama White House and Pelosi-Reid Congress engineered a cover-up of Washington's...