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Keyword: obamaeconomy

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  • Say Goodbye to the Annual Pay Raise

    06/26/2016 5:57:44 AM PDT · by grey_whiskers · 44 replies
    MSN Money ^ | June 26, 2016 | Bloomberg Staff
    Annual pay raises don't work. The salary increase serves two purposes: to motivate workers and to keep employees from leaving for a better-paying job. In its current form, the traditional raise does neither of those things very well. "You can't really do a lot with the annual raise," said Evren Esen, director of survey programs at the Society for Human Resource Management. When the economy is decent, annual pay adjustments come in at 1 percentage point or 2 percentage points ahead of inflation for a given year. That doesn't go far. Employees expect to get at least the cost of...
  • Caterpillar Retail Sales Fall For Record 41 Consecutive Months

    05/20/2016 6:44:50 PM PDT · by Lorianne · 18 replies
    Zero Hedge ^ | 19 May 2016 | Tyler Durden
    For Caterpillar, the great recession was bad, for about 19 months. In May 2010, after declining sharply for just under two years, CAT posted it first positive global retail sales comps and never looked back... until December 2012 when comp sales once again turned negative and have been negative ever since. For the past 41 months! The breakdown showed that contrary to popular opinion, there has been no pick up in demand for heavy industrial machinery anywhere around the globe.
  • Macy's results reminiscent of financial crisis

    05/13/2016 4:25:09 PM PDT · by Lorianne · 56 replies
    CNBC ^ | 11 May 2016 | Krystina Gustafson
    Macy's dismal first-quarter results are bringing back unwelcome memories of the financial crisis, as the retailer on Wednesday reported two metrics that harken back to that period of economic malaise. During the first quarter, the department store chain said its comparable sales fell 5.6 percent. That marks a deceleration from its fourth-quarter same-store sales decline of 4.3 percent, and represents its most severe decrease in this metric since the second quarter of 2009. During that quarter, Macy's comparable sales slid 9.5 percent. Meanwhile, the retailer reported a 36 percent year-over-year drop in operating income. That not only marks its seventh...
  • Freight Rail Traffic Plunges: Haunting Pictures of Transportation Recession

    05/06/2016 12:39:42 PM PDT · by Sgt_Schultze · 40 replies
    Wolf Street ^ | Wolf Richter | 4 May 2016
    292 Union Pacific engines idled in Arizona Desert Total US rail traffic in April plunged 11.8% from a year ago, the Association of American Railroads reported today. Carloads of bulk commodities such as coal, oil, grains, and chemicals plummeted 16.1% to 944,339 units. - snip - Only five of the 20 commodity categories saw gains. Of the decliners, coal was the biggest. But petroleum products also plunged 25%, and grain mill products dropped 7%. Even without coal, carloads were down 3% year-over-year.
  • Obama Admits Couldn't "Convince Americans Of 'Recovery'", Bashes 'The Big Short'

    04/28/2016 1:24:21 PM PDT · by Nachum · 47 replies
    Zero Hedge ^ | 4/28/16
    Despite his proclamation that he "saved the world from a Great Depression," the fact is that Obama will be the first President ever to not see a single year of 3% GDP growth - but only cynical fiction-peddlers would mention facts at a time like this. In yet more legacy-defending narrative, Obama told The NYTimes today that his biggest failure was being unable to sell his success in putting the American economy back on track to the American people (no matter the actual realities) careful to blame Republicans for slowing growth "by a percentage point or two." And then in...
  • U.S. jobless claims up, but trend points to firming labour market (Pravadaesque)

    02/25/2016 6:24:31 AM PST · by Red in Blue PA · 11 replies
    WASHINGTON, Feb 25 (Reuters) - The number of Americans filing for unemployment benefits rose last week, but remained below levels consistent with a tightening labour market.
  • So this is what 'full employment' looks like? [That's essentially what we have today]

    02/07/2016 7:29:45 AM PST · by SeekAndFind · 25 replies
    CNBC ^ | 02/07/2016 | Jeff Cox
    For more than seven years, Federal Reserve officials have touted their progress toward achieving "full employment," with the most recent target a 4.9 percent unemployment rate. With Friday's nonfarm payrolls report showing that the goal has been achieved, perhaps the Fed can raise the "Mission Accomplished" banner along with a welcome mat to the world of "full employment." The jobless rate last reached this level in February 2008, following a run from June 2005 to April 2008 during which unemployment never eclipsed 5 percent. Getting a "4-handle" on the number -- using Wall Street lingo -- was supposed to represent...
  • U.S. labor market on solid ground as jobless rate hits eight-year low

    02/05/2016 1:16:06 PM PST · by Rockitz · 16 replies
    Reuters via Yahoo ^ | February 5, 2016 | Lucia Mutikani
    WASHINGTON (Reuters) - U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm. Non-farm payrolls increased by 151,000 jobs and the unemployment rate slipped one-tenth of a percentage point to 4.9 percent, the lowest since February 2008, the Labor Department said on Friday. The payrolls gain was a sharp step-down from the average 231,000 jobs per month during the fourth quarter. "The fact that payroll gains fell back to earth is not necessarily...
  • In the economy Obama says has recovered, actually just 7% of counties have

    01/13/2016 2:56:11 PM PST · by SeekAndFind · 7 replies
    Hotair ^ | 01/13/2016 | Jazz Shaw
    During his State of the Union address, the President said that the United States has “the strongest, most durable economy in the world.” It was a clear shot across the bow at those who might not be feeling the love at the moment and critics who don’t see things through rose colored glasses. So how is the recovery going? The unemployment rate as defined by the Department of Labor is certainly back down to a manageable number, but that doesn’t really speak to the factors which affect people in their day to day lives.The Wall Street Journal took at...
  • Obama Fails Again To Deliver On His Economic Promises

    10/30/2015 3:19:11 AM PDT · by expat_panama · 28 replies
    Investors Business Daily ^ | 10/29/2015 | Editorial
    Economy: Third-quarter GDP was yet another big disappointment. If the country got a million dollars every time this has happened under President Obama, we'd probably be able pay off the national debt. The Bureau of Economic Statistics reports that real GDP growth for Q3 came in at a meager 1.5%, below forecast. That means the economy has an annualized growth rate of 2.1% so far this year, well below the 3% economists were expecting. It's certainly not the economy Obama described in his State of the Union speech last January. Then, he assured us that "after a breakthrough year for...
  • 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 dont cooperate you will not receive any severance pay. Also, if we dont 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. Dont 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
    McDonalds 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 worlds 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. Chinas 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 weve made progress. More than 12 million new private sector jobs in the past five years. More than 16 million Americans whove 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 NewsBlames 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 administrations 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 dont plan long-term. Well 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 theyd 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 Id 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 celebratethe 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 makeno mention that his bailout of General Motors and Chryslercost 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 womans license plate as she drove off, police reported. Investigators found the womans drivers 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
    Its 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 Hes 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 Administrations 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 doesnt like capitalism. According to an article on, a well known economist who isnt 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 Frances 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 ofACP 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 Bureaus Philadelphia office wasnt just corrupting the nations 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...