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Keyword: obamaeconomy

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  • Displaced Disney Cast Member: How They Replaced Me, Other Americans, With Cheap Foreigners On H1B...

    09/07/2015 11:07:16 AM PDT · by Enlightened1 · 138 replies
    Breitbart ^ | 09/07/15
    <p>As a patriotic and proud citizen of the United States, I have a story to share that has not only impacted my family, hundreds of colleagues, but also current and future United States workers.</p> <p>As I watched the grim faced Disney Executive, it was obvious that bad news was going to be delivered. The dead silence was broken when the Disney Executive made a harsh announcement. All of you in this room will be losing your jobs in the next 90 days. Your last day of employment for this company will be January 30, 2015. Your jobs have been given over to a foreign workforce. In the meantime you will be training your replacements until your jobs are 100 percent transferred over to them and if you don’t cooperate you will not receive any severance pay. Also, if we don’t feel confident that we have captured everything that you do we can, at our discretion, keep you longer than the 90 days until we have captured everything that you do with this job. Don’t discuss this meeting with anybody else in the company. Everybody in the room was appalled at the message. I was completely silent thinking how this was going to affect my coworkers and how I was going to break the news to my wife and children back at home as I was the only person in my home with a steady job. How would I pay for all the expenses that go along with a home, a wife, and children?</p>
  • Joe Biden: 'Something is wrong' with economy

    09/07/2015 8:49:28 AM PDT · by cp124 · 65 replies
    CNN ^ | cp124
    Pittsburgh (CNN)Vice President Joe Biden warned on Monday that "something is wrong" with the American economy as he launched a Labor Day march here with speculation swirling that he may run for President. In a highly populist speech that could foreshadow the themes he would highlight on the campaign trail, Biden said workers have been "clobbered" in the modern economy. "It used to be when productivity went up in America, everybody got to share. The people who caused the productivity increase, they got to share. They got a piece of the action," Biden said before leading a march of an...
  • McDonald's to shrink for the first time in 45 years

    08/11/2015 9:11:46 PM PDT · by MinorityRepublican · 44 replies
    The Daily Telegraph ^ | 11 Aug 2015
    McDonald’s plans to shrink by 59 locations this year in the US, the first time in at least 45 years that the fast food restaurant has closed more US stores than it has opened, as the company cuts costs and tries to revive sales. The world’s biggest restaurant chain has not reduced the net number of its US stores since at least 1970, according to a previous Associated Press review of McDonald's regulatory filings.
  • P&G results raise concerns about pace of turnaround (6 straight quarters of falling sales)

    07/30/2015 12:05:57 PM PDT · by Red in Blue PA · 13 replies
    (Reuters) - Procter & Gamble Co (PG.N) reported its sixth straight quarter of falling sales, hurt mainly by the stronger dollar. Even after stripping out the impact of the dollar and acquisitions, sales rose just 1 percent, raising concerns about the slow pace at which P&G is turning around its business. The company's shares fell as much as 4.3 percent in morning trading on Thursday, after it said sales would fall by a low-to-mid single-digit percentage in the year ending June 2016.
  • US cuts estimates for economic growth over past 3 years

    07/30/2015 7:12:17 AM PDT · by Red in Blue PA · 28 replies
    WASHINGTON (AP) -- The U.S. economy grew more slowly over the past three years than the government had previously estimated, held back by more frugal consumers and steeper spending cuts by state and local governments. Related Stories 1. US economy likely rebounded to solid growth rate in spring Associated Press 2. China’s Stocks Drop for Second Day Before Economic Growth Data Bloomberg 3. Services, Finance and Oil Drive U.K. Growth to 0.7% Bloomberg 4. China June exports up 2.8 percent, imports down 6.1 percent Associated Press 5. Singapore Economy Contracts Most Since 2012 on Manufacturing Bloomberg The economy expanded at...
  • Obama: I spend most of my time on the economy

    06/20/2015 7:44:08 AM PDT · by PROCON · 69 replies ^ | June 20, 2015 | ANDREW MALCOLM
    President Obama's weekly remarks Hi, everybody. As President, I spend most of my time focused on what we can do to grow the economy and grow new pathways of opportunity for Americans like you to get ahead. And we’ve made progress. More than 12 million new private sector jobs in the past five years. More than 16 million Americans who’ve gained health insurance. More jobs creating more clean energy. More kids graduating from high school and college than ever before.
  • Obama Shocked By Disastrous Economic News…Blames Man Made Global Cooling

    05/31/2015 3:48:21 AM PDT · by HomerBohn · 50 replies
    Red Statements ^ | 5/29/2015 | Steven Ahle
    The White House is in a state of shock today after receiving word that the US is halfway to a new recession. They were so dazed, they actually blamed Man Made Global Cooling. The GDP for the first quarter was originally announced as a gain of .2%. Today that number was revised to a drop of .7%. The definition of a recession is when the GDP comes in at a negative number for two quarters in a row. That means we are officially halfway to a new recession. The delicious irony is that after Obama decided to honor our troops...
  • Economy Contracted 0.7% in First Quarter, Partly Due to Rising Imports

    05/29/2015 9:04:24 AM PDT · by Olog-hai · 21 replies
    Cybercast News Service ^ | May 29, 2015 | 9:48 AM EDT | Ali Meyer
    Initial estimates of positive economic growth in the first quarter of 2015 have now turned negative. The U.S. economy actually shrank in the first quarter of 2015 as real gross domestic product (GDP) declined at an annual rate of 0.7 percent, according to the Obama administration’s second look at the numbers. The 0.7 percent decline in first-quarter real GDP was revised from the previously reported gain of 0.2 percent, which was the advance estimate put out at the end of April by the Commerce Department and the Bureau of Economic Analysis (BEA). Real GDP is adjusted for inflation and represents...
  • Top 2 U.S. Jobs by Number Employed: Salespersons and Cashiers

    03/26/2015 9:05:46 PM PDT · by Olog-hai · 10 replies
    Cybercast News Service ^ | March 25, 2015 - 3:04 PM | Rudy Takala
    The Bureau of Labor Statistics (BLS) reported Wednesday that retail sales clerk and cashier were the two largest occupations in the United States in May 2014, with their numbers increasing slightly since 2013. In its annual report on wages and occupational employment, the BLS found that 4.6 million Americans worked in retail sales while 3.4 million more worked as cashiers, making up almost six percent of total U.S. employment. The two job categories increased by a combined 400,000 workers since 2012. Retail workers made $24,020 a year on average, while cashiers made $20,670, according to the BLS. …
  • Working Class Gives Up On Obama, Fears Job Losses [opening for Republican Party]

    03/12/2015 3:02:38 AM PDT · by Cincinatus' Wife · 28 replies
    Investor's Business Daily ^ | March 10, 2015 | JOHN MERLINE,
    In what could be a significant opening for the Republican Party, working-class Americans have largely abandoned President Obama and rejected his economic policies as they continue to suffer from the historically weak economic recovery, a new analysis of IBD/TIPP Poll data finds. By wide margins, this group is more likely than any other income class to say the country is headed in the wrong direction, the economy is getting worse, and they fear losing their jobs. Just 36% approve of the job that Obama is doing, compared with 43% overall, and vast majorities say his policies haven't helped the middle...
  • Greenspan: Effective demand as weak as during Depression

    02/26/2015 5:41:52 PM PST · by Red in Blue PA · 25 replies
    The fact that the market is anticipating that the Federal Reserve will raise interest rates, yet the yields on the 10- and 30-year Treasurys are falling is an indication of how weak the overall global economy is, former Fed Chairman Alan Greenspan told CNBC on Thursday. In fact, effective demand is extraordinarily weak, he said. "The way I measure it, it's probably tantamount to what we saw in the later stages of the Great Depression," Greenspan said in an interview with "Closing Bell." That said, he acknowledged "it's not anywhere near what the problems were back then but we haven't...
  • BO: I Saved the American Economy, Made the US Stronger, More Prosperous, Safer, More Influential

    02/04/2015 5:36:17 AM PST · by HomerBohn · 54 replies
    Freedom Outpost ^ | 2/2/2015 | Tim Brown
    "Pride goeth before destruction, and an haughty spirit before a fall." – Proverbs 16:18 God resisteth the proud, but giveth grace unto the humble." –James 4:6 No, the headline is not a joke. This is what the Narcissist-in-Chief actually said. In an interview on CNN's "Fareed Zakaria GPS," Obama said that he was proud of his accomplishments while in office, and though he mentioned ridiculous statements like "saving the American economy," noticeably absent was his signature unconstitutional legislation, Obamacare. When asked what he thought his one line would be in history, Obama said he thought he would allow others to...
  • Oil tumbles; U.S. crude prices near six-year low on record stockpiles

    01/28/2015 5:10:53 PM PST · by Red in Blue PA · 31 replies
    NEW YORK (Reuters) - Oil slumped on Wednesday, with U.S. crude prices at near six-year lows, after the government reported record-high inventories in the United States that raised anxieties about the global oil glut that had pressured the market since last summer. The U.S. Energy Information Administration (EIA) said domestic crude oil stocks rose by almost 9 million barrels last week to reach nearly 407 million, their highest since the government began keeping records in 1982.
  • ‘Poor people don’t plan long-term. We’ll just get our hearts broken’

    01/26/2015 12:46:36 AM PST · by CorporateStepsister · 45 replies
    The Guardian ^ | Sunday 21 September 2014 | Linda Tirado
    In the autumn of 2013 I was in my first term of school in a decade. I had two jobs; my husband, Tom, was working full-time; and we were raising our two small girls. It was the first time in years that we felt like maybe things were looking like they’d be OK for a while. After a gruelling shift at work, I was unwinding online when I saw a question from someone on a forum I frequented: Why do poor people do things that seem so self-destructive? I thought I could at least explain what I’d seen and how...
  • EBay CFO: It will get worse before it gets better (laying off 2,400)

    01/21/2015 5:45:00 PM PST · by Red in Blue PA · 53 replies
    During the company's earnings call, eBay Chief Financial Officer Bob Swan said 2015 would present "real challenges" and forecast that "it will get worse before it gets better." Separately, the company said it entered into an agreement with billionaire activist Carl Icahn, the company's largest active shareholder, and will appoint Jonathan Christodoro, Icahn's pick, to its board.
  • Is your local news using propaganda video?? Seeing it in Miami....cult worship....

    01/20/2015 5:30:58 AM PST · by SoFloFreeper · 9 replies
    1/20/15 | sff
    Just saw a local Miami tv station using video from the government web site with an "interview" of Obama, where he spews some crap about how his goal is to outline for the nation how he is going to make sure things are fair, now that we have "made it through the crisis". I nearly spit my coffee out. We are not out of a crisis. My point is that these kind of videos are NOT a proper use for news....and I expect that if a REPUBLICAN president put out this type of "interview", the media would ignore it....on the...
  • Jobless Claims in U.S. Unexpectedly Climb to Four-Month High

    01/15/2015 8:38:55 AM PST · by PROCON · 18 replies
    bloomberg | Jan. 15, 2015 | Shobhana Chandra
    Linky only.
  • The Obama Economic Record is Even Worse than You Realize

    01/06/2015 8:26:59 AM PST · by george76 · 20 replies
    American Thinker ^ | January 5, 2015 | Chad Stafko
    Six years ago this month, America cast its lot toward a young, first-term U.S. Senator from Illinois to lead the greatest nation in the world. His mesmerizing words and bold promises drew folks in by the millions. However, unless you're a bleeding heart liberal, you realize the social experiment of electing an unqualified, former professional antagonizer has been an economic disaster. The quantitative evidence, and it abundant, is overwhelming and ever-growing. ... In 2007, the average household income in America was $55,627. In 2014, that figure had slipped to $53,880 -- Americans earned less on average than they did seven...
  • Obama's State of the Union Sales Tour

    01/05/2015 9:06:19 AM PST · by Kaslin · 7 replies ^ | January 5, 2015 | Conn Carroll
    resident Obama will travel to three cities this week where he will offer a preview of his January 20th State of the Union address.In Detroit on Wednesday, Obama will celebrate the end of the "auto rescue" which he claims saved one million auto industry jobs and is responsible for the resurgence of manufacturing in the United States. Obama will make no mention that his bailout of General Motors and Chrysler cost taxpayers $16 billion according to the latest Troubled Asset Relief Program Inspector General's report. On Thursday, Obama will travel to Phoenix where he will claim his administration's Home Affordable Modification Program is responsible...
  • ...Scuffles break out across the nation as bargain-hunters start brawls

    11/28/2014 4:31:11 AM PST · by Cincinatus' Wife · 16 replies
    The Daily Mail ^ | November 28, 2014 | Ashley Collman
    Skirmishes between shoppers have been breaking out across the country as bargain hunters fight over TVs, tablets and even Barbie dolls during the first of the holiday sales. Many big-box stores opened early Thursday night, in an attempt to dilute the chaos of Black Friday - the day after Thanksgiving when stores usually start their reductions for the season. But several videos have now surfaced online showing that even on a holiday dedicated to sharing, some people will turn against each other to save money. The clips mostly show chaos inside Walmart stores, from Indiana to California. One of the...
  • Rush dares to say it: Ozero's economy numbers are MADE UP

    10/06/2014 9:16:11 AM PDT · by GodAndCountryFirst · 14 replies
    El Rushbo ^ | Oct. 3
    There they the ones who aren't are exceptions. In fact, John Crudele is one of the exceptions. He had a story in the New York Post detailing how that 7.9% number was entirely made up. He did a column on how it was created, how it was artificially manufactured, and how they massaged it to make it 7.9%. He did a piece on how it was illegitimate, and he had been warning prior to the number how they were gonna do it. So he did a column detailing how they did it and so forth. But my guess is most...
  • Why A Higher Unemployment Rate Is Actually Good News This Time

    08/01/2014 8:36:16 AM PDT · by nhwingut · 27 replies
    Huffington Post ^ | 08/01/14 | Mark Gongloff
    The job market is still not the greatest, but we just got one hopeful sign that it might be improving a bit. The economy added 209,000 jobs in July, and the unemployment rate ticked up to 6.2 percent from 6.1 percent, the Bureau of Labor Statistics said Friday. Believe it or not, both of those numbers are encouraging. The reason the first number is encouraging is because, duh, jobs. The encouraging part of the second number, the unemployment rate, is less obvious. Normally, higher unemployment is bad news, and people seeing HIGHER UNEMPLOYMENT on the evening news tonight will naturally...
  • Woman Suspected As Topless Shoplifter Surrenders To Arcadia Police

    07/29/2014 8:50:56 AM PDT · by BenLurkin · 46 replies ^ | July 28, 2014 9:55 PM
    ROSSMOOR ( — A 45-year-old woman turned herself in to Arcadia police Monday in connection with a June shoplifting incident at the Westfield Santa Anita mall. But what really sets this case apart is that the woman, during a violent scuffle with a security guard outside over her purse, somehow lost her shirt and bra. Police say the woman left behind her purse, stuffed with stolen merchandise, and ran topless to her white Mercedes-Benz parked nearby. A witness recorded the woman’s license plate as she drove off, police reported. Investigators found the woman’s driver’s license inside her purse. They identified...
  • Future for new college graduates looks bleak

    05/27/2014 6:42:33 AM PDT · by SeekAndFind · 15 replies
    Washing ^ | 05/27/2014 | Ashley Pratte
    It’s that time of year again — graduation season. While commencement ceremonies should be a time of celebration for college graduates, it has rather become a moment of panic. Young America's Foundation latest polling shows that 51 percent of graduating college seniors feel “nervous” about their future after graduation. Many of the respondents blamed their anxiety about the future on the bad economy. Of the graduating seniors that were polled, 39 percent said they are not at all optimistic about finding a job in the first few months after graduation. The Obama administration and liberals in Washington are consistently letting...
  • Obama: Dems’ Troubles Have Nothing To Do With My Policies

    05/08/2014 9:58:31 PM PDT · by smoothsailing · 31 replies
    National Review-The Corner ^ | 5-9-2014 | Tim Cavanaugh
    Obama: Dems’ Troubles Have Nothing To Do With My Policies By Tim Cavanaugh May 9, 2014 12:17 AM During his fundraising trip to Los Angeles Wednesday, President Obama discovered anew that the United States is in bad shape, and he was again left in puzzlement about what could be the cause.“You get a self-fulfilling prophecy,” the president told supporters, urging them to help Democrats avoid potentially significant losses in both houses of Congress in the November midterm elections. “The people who have the most at stake in a government that works opt out of the system. People who believe government...
  • CNN Cuts, Reassigns 50 Employees Across News, Digital Divisions

    05/05/2014 6:32:51 PM PDT · by FreeAtlanta · 41 replies
    THEWRAP.COM ^ | May 1, 2014 @ 4:04 pm | L.A. Ross and Sharon Waxman
    Producers have the chance to be rehired – at lower salaries CNN cut or reduced 50 positions across multiple divisions on Thursday, changing roles and reducing positions and salaries across the board, a CNN executive told TheWrap. “There is essentially no head count change,” a network executive wrote in an email. “Fifty positions have been impacted. Roles will [be] changed.” CNN President Jeff Zucker met with newsroom reporters on Thursday to tell them the bad news, an insider told TheWrap. The cuts mainly affect news producers and managers, some of whom will be invited to reapply for new or “updated”...
  • 17 Facts To Show To Anyone That Still Believes That The U.S. Economy Is Just Fine

    04/30/2014 7:46:25 PM PDT · by Nachum · 27 replies
    Zero Hedge ^ | 4/30/14 | Tyler Durden
    Submitted by Michael Snyder of The Economic Collapse blog, No, the economy is most definitely not "recovering". Despite what you may hear from the politicians and from the mainstream media (shrugging off today's terrible GDP print), the truth is that the U.S. economy is in far worse shape than it was prior to the last recession. In fact, we are still pretty much where we were at when the last recession finally ended. When the financial crisis of 2008 struck, it took us down to a much lower level economically. Thankfully, things have at least stabilized at this much lower...
  • Moving in with parents becomes more common for the middle-aged

    04/21/2014 2:30:54 PM PDT · by thackney · 56 replies
    Los Angeles Times ^ | April 20, 2014 | Walter Hamilton
    The number of Californians 50 to 64 who live in their parents' homes has surged in recent years, reflecting the grim economic aftermath of the Great Recession. Debbie Rohr lives with her husband and twin teenage sons in a well-tended three-bedroom home in Salinas. The ranch-style house has a spacious kitchen that looks out on a yard filled with rosebushes. It's a modest but comfortable house, the type that Rohr, 52, pictured for herself at this stage of life. She just never imagined that it would be her childhood home, a return to a bedroom where she once hung posters...
  • Top Socialist Economist Says He’s Been Working With Democrats & Obama “For A Long Time”

    04/18/2014 9:34:25 PM PDT · by 2ndDivisionVet · 31 replies
    Gateway Pundit ^ | April 18, 2014 | Patch W. Adams
    Have you ever wondered why the Obama Administration’s plans for improving the U.S. economy always seem to fall flat? It just might have something to do with the fact that the Obama Administration has been working with someone who doesn’t like capitalism. According to an article on, a well known economist who isn’t fond of capitalism, but promotes Socialism, has been working with the Democrats and the Obama Administration “for a long time”: In his latest book, French economist Thomas Piketty warns that modern-day capitalism leads to unsustainable levels of inequality. While he is often linked to France’s Socialist...
  • Help Sarah Palin and Jon Stewart Help Veterans

    04/07/2014 4:38:27 PM PDT · by smoothsailing · 14 replies
    Weekly Standard ^ | 4-7-2014 | Mark Hemingway
    Help Sarah Palin and Jon Stewart Help Veterans APR 7, 2014 • BY MARK HEMINGWAY As far as political odd couples go, it doesn't get any odder than Sarah Palin and Jon Stewart. However, the two have come together to help veterans and have cut an ad in support of ACP AdvisorNet, which helps vets get jobs. ACP AdvisorNet is an innovative idea -- it's a virtual community service opportunity to assist those who have served by connecting them with business leaders to help jump start their careers.And since it's National Volunteer Week, consider doing your own part to help. By...
  • Census office survey scandal grows as inflation stats faked

    03/27/2014 9:44:30 AM PDT · by lowbridge · 64 replies ^ | march 26, 2014 | john crudele
    The Census Bureau’s Philadelphia office wasn’t just corrupting the nation’s unemployment rate by fabricating data. It was also filing false information about inflation in this country. Just how large an effect this fraud was having on the Consumer Price Index (CPI) — and consequently the cost of living adjustments for Social Security recipients and others — is not yet known.
  • Illinois layoffs: Employers warn of 1,000 layoffs in coming weeks

    03/09/2014 12:38:55 PM PDT · by FreeAtlanta · 26 replies
    CHICAGOTRIBUNE.COM ^ | 7:52 a.m. CST, March 7, 2014 | Alejandra Cancino
    <p>Illinois employers warned they would lay off more than 1,000 workers in the coming months, according to notices filed with Illinois regulators in February.</p> <p>Accretive Health warned it would lay off 148 workers. The company said in January the layoffs are part of a broader restructuring in which positions will be moved from Chicago to other cities to be closer to clients. Accretive said then the layoffs could affect as many as 170 workers. The company employs about 600 people in the region.</p>
  • Obama has given up seeking a solution to America's financial woes

    03/01/2014 11:05:44 AM PST · by Sub-Driver · 44 replies
    Obama has given up seeking a solution to America's financial woes American Way: After nearly six years of back-and-forth with Republicans over America's finances, Barack Obama has signaled that a deal is now beyond his grasp John Avlon 5:25PM GMT 01 Mar 2014 Without a bang or a whimper, all hopes of striking a so-called "Grand Bargain" to put America's public finances on a sustainable track died a quiet death this week. And because cynicism passes for wisdom in Washington, the passing was little lamented. But its death is a loss to the cause of putting America's house in order,...
  • American TV & Appliance closing all 11 stores; 989 will lose jobs

    02/17/2014 5:12:56 PM PST · by Graybeard58 · 27 replies
    TMC News ^ | February 17, 2014 | Not Attributed
    Doug Reuhl, president and CEO of American since 1988, blamed an unforgiving economy, especially over the past five years, for the closure and said the company would begin a going-out-of-business sale Thursday to liquidate its entire inventory of furniture, electronics and appliances. "While this is a sad moment, it is also a proud moment," Reuhl said in a news release. "It's a moment to be proud of our efforts and to be proud of what we have delivered to the community." A switchboard operator at American TV refused to answer additional questions Monday or transfer a reporter to anyone else,...
  • Democrat Logic: Lose Your Job and Feel Liberated

    02/08/2014 8:14:59 PM PST · by SeekAndFind · 21 replies
    American Thinker ^ | 02/08/2014 | Brian C Joondeph, MD
    This week, a report from the Congressional Budget Office acknowledged that ObamaCare would reduce full-time employment by 2.5 million over the next ten years. And that is on top of news that 92 million Americans who could be working are not. What a devastating assessment for the unemployed or underemployed, particular millenials seeking to transition from internships and part-time jobs to career-building full-time jobs. Yet the predictable spin from the White House and major media outlets is that this is good news, liberating workers from the chains of employment. To quote President Obama, from the 2008 campaign, "You can put...
  • Jobs Report Highlights Economic Problems In The Obama Economy

    02/08/2014 7:29:19 AM PST · by LD Jackson · 7 replies
    Political Realities ^ | 02/08/14 | LD Jackson
    Yes, this is the Obama economy. No matter how much Mr. "I'm the President" tries to deny it, he owns the economy in which we are living. The January jobs report was not a beacon of hope. In fact, it was really bad. The December jobs report was also in the tank. That makes two months in a row of very few jobs being created. Amazingly, the unemployment rate continues to tick down. We are being told it was because 115,000 unemployed workers found new jobs. What most of the media will not tell us is that 90,000 more unemployed...
  • Why stronger GDP growth isn't creating more jobs

    01/31/2014 7:14:17 AM PST · by SeekAndFind · 35 replies
    FORTUNE ^ | 01/30/2014 | By Stephen Gandel, senior editor
    The government said GDP rose 3.2% in the last three months of 2013 -- one of the fastest rates since the end of the recession, though slower than the third quarter's 4.1%. Still, that sounds good, until you remember this: Employers only added 74,000 jobs in December -- one of the worst months in nearly three years. Stronger economic growth is supposed to equal more jobs. So what gives? It does appear that the normal relationship between jobs and GDP has broken down. In the first half of 2013, for instance, GDP growth was at 1.9% and employers added an...
  • U.S. jobless claims rise more than expected

    01/30/2014 6:35:17 AM PST · by John W · 42 replies
    Reuters ^ | January 30, 2014 | Reuters
    Jan 30 (Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend suggested the labor market continued to heal. Initial claims for state unemployment benefits increased 19,000 to a seasonally adjusted 348,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 3,000 more applications received than previously reported. Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 330,000 in the week ended Jan. 25. The four-week moving average for new claims, considered a better measure of underlying labor...
  • Obama's Deranged New Yorker Interview

    01/20/2014 6:47:24 PM PST · by Kaslin · 14 replies
    Rush ^ | January 20, 2014 | Rush Limbaugh
    >BEGIN TRANSCRIPT RUSH: Obama has an 18-page, if you read it on the Internet, interview/story with New Yorker Magazine. He said that Al-Qaeda is a JV unit. So the Al-Qaeda unit that did all the damage in Benghazi was the JV unit. Obama also said that he would not let his son, Trayvon Martin, play football -- while watching football, apparently. In an interview that runs the weekend of the NFL championship games, Obama said he would not let his son play the game. He doesn't have one, of course. But if he did, his son would have looked like...
  • The missing piece in the global growth puzzle (no consumer demand)

    01/19/2014 3:42:01 PM PST · by Red in Blue PA · 41 replies
    "So many people – politicians, journalists, I'm afraid market analysts – sort of believe this story of an economics recovery going on around the world," Roger Nightingale, strategist at RDN Associates, told CNBC. "This economics recovery hasn't occurred. In fact, actually for the past 18 months people have been talking about it, the data is pretty flat. If anything, it's getting flatter." .... "The conventional response, among economists, is that the government must take action to boost domestic demand in the United States, with either monetary or fiscal stimulus, or by redistributing wealth," he said in a note, citing the...
  • Obama: 'This Will Be a Year of Action' on Economy

    01/12/2014 5:02:05 PM PST · by Hoodat · 55 replies
    Breitbart ^ | 12 Jan 2014 | Wynton Hall
    Echoing past economic promises of “green shoots,” “five million green collar jobs,” and “recovery summer,” President Barack Obama said during his Saturday weekly address that 2014 will be a “year of action” on the economy. “This will be a year of action. I’ll keep doing everything I can to create new jobs and new opportunities for American families – with Congress, on my own, and with everyone willing to play their part,” said Obama. Obama’s latest economic pivot comes on the heels of a dismal Friday jobs report that shows the U.S. labor force participation rate has contracted to its...
  • Best Buy says holiday sales fall; shares tumble (down 30% in premarket trading)

    01/16/2014 5:14:39 AM PST · by Red in Blue PA · 27 replies
    NEW YORK (Reuters) - Best Buy Co Inc (BBY) reported a drop in total revenue and sales at its established U.S. stores in the all-important holiday season, sending shares tumbling more than 30 percent in early trading. The retailer cited intense discounting by rivals, supply constraints for key products and weak traffic in December. Best Buy's report was the latest evidence that holiday sales at many U.S. retailers came at the expense of margins.
  • Limbaugh: Obama 'Is an Absolute Economic Idiot'

    01/07/2014 11:39:00 AM PST · by Sub-Driver · 57 replies
    Limbaugh: Obama 'Is an Absolute Economic Idiot' January 7, 2014 - 1:58 PM By James Beattie Rush Limbaugh Tuesday called President Obama an "Absolute Economic Idiot" at the top of his syndicated radio program. Limbaugh was referring to remarks made by the president earlier in the day at the White House in an effort to extend unemployment insurance. President Obama said that, "Voting for unemployment insurance helps people and creates jobs and voting against it does not." "This guy is an absolute economic idiot. He's sitting here. He's touting the benefits of unemployment insurance for the last twenty minutes. And,...
  • Obama: Unemployment Benefits' Expiration "Just Plain Cruel" [Republicans Not Torturers?]

    01/04/2014 9:56:05 AM PST · by Steelfish · 28 replies
    CBSNews ^ | January 04, 2013
    JAKE MILLER CBS NEWS January 4, 2014 Obama: Unemployment Benefits' Expiration "Just Plain Cruel" President Obama scolded congressional Republicans on Saturday for abandoning job-seeking Americans by allowing unemployment insurance to expire on Dec. 28, saying the restoration of those benefits should be lawmakers’ “first order of business” when they return from their holiday break. “Just a few days after Christmas, more than one million of our fellow Americans lost a vital economic lifeline – the temporary insurance that helps folks make ends meet while they look for a job,” he said in his weekly address. “And for many of their...
  • Live Stream || Obama on the Economy – December 4, 2013

  • President Obama Delivers Remarks on Economy 11:15 AM C-Span

    12/04/2013 6:56:37 AM PST · by struggle · 19 replies ^ | 12/04/2013 | struggle
    Something tells me he's gonna look TORN UP. Under 40% on Real Clear Politics, and I don't know if you saw this, but FOX revealed (or rather publicized) the fact that there IS NO PAYMENT MECHANISM FOR OBAMACARE. The government is going to allow the INSURANCE COMPANIES to "estimate" costs and the government will pay them.
  • Census faked 2012 election jobs report

    11/18/2013 5:18:51 PM PST · by NYRepublican72 · 168 replies
    New York Post ^ | 11/18/2013 | John Crudele
    In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington. The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated. And the Census Bureau, which does the unemployment survey, knew it.
  • Obama's Recovery: $1.3 Trillion Below Average

    11/08/2013 3:54:31 AM PST · by IBD editorial writer · 16 replies
    Investor's Business Daily ^ | 11/07/2013 | IBD Staff
    Recovery: The latest GDP report shows that President Obama's policies continue to weigh down the economy. Now 51 months old, his recovery is by far the weakest since the Great Depression. At 2.8%, real growth in the third quarter was higher than expected, a rarity. But the latest government data also hinted at weakness, as consumer and business spending slowed. In short, the strong growth everyone predicted at the start of the year is a no-show, just as the previous predictions of prosperity just around the corner proved false. It also means that Obama's recovery — now more than 4...
  • Report shows ‘dramatic’ rise in N.Y. Jewish poverty

    10/27/2013 9:51:15 AM PDT · by ComtedeMaistre · 23 replies
    A new report shows that 20 percent of Jewish households in the New York metropolitan area are poor, a figure only marginally lower than the rate in the general population. The report released Thursday by UJA-Federation of New York found more than 560,000 people living in 200,000 poor or near-poor Jewish households, a figure that represents a doubling of the number of people living in poor Jewish households since 1991, despite only a 14 percent increase in the Jewish population. The report also found nearly half of children in Jewish households live in poor or near-poor conditions. Among all residents...
  • The Myth That Obamacare Is Destroying Full-Time Jobs Just Got Debunked [barf alert]

    10/22/2013 1:04:50 PM PDT · by grundle · 27 replies ^ | October 22, 2013 | Steven Perlberg/Business Insider
    According to the BLS household survey, part-time jobs fell 594,000 in September while full-time workers were up 691,000. This was one hopeful nugget in an otherwise lackluster jobs report. Workers are considered to be "part time" if they work under 35 hours a week. Earlier this summer, when part-time numbers looked like they might be on the rise, some speculated that the shift was due to the employer mandate in the Affordable Care Act.