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Keyword: obamanomics

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  • (Obamanomics Wrecks Havoc on Beverly Hills, CA) Dollar Store Seeks to Rub Elbows on Rodeo Drive

    10/17/2012 1:35:21 PM PDT · by DogByte6RER · 18 replies
    ABC News ^ | October 13, 2012 | By Dina Abou Salem
    If your Rodeo Drive shopping stops include Versace, Armani, Chanel and Tiffany & Co., perhaps you’d be interested in a store where you could drop a real bundle, of $1 bills that is. The 99 Cents Only Stores chain announced that it’s searching for a retail space on Rodeo Drive in Beverly Hills, Calif., one of the toniest shopping strips in the world. “We think our store will do well. Our highest amounts of sales are happening in our branch on Wilshire Boulevard. We know for a fact a lot of customers there are coming from Beverly Hills. This store...
  • Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy

    10/17/2012 12:32:23 PM PDT · by Sub-Driver · 108 replies
    Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy by Ben Shapiro 17 Oct 2012, 11:48 AM PDT Last night, President Barack Obama dropped the biggest campaign gaffe of the season – only the media wasn’t watching. It happened during his testy exchange with Mitt Romney over gas prices. First, Obama denied that he’d done anything about denying licenses on oil and gas; he backed off of that shortly. Then he denied that production on federal land was down; he was lying. Finally, Romney hit him with this devastating line: The proof of whether a strategy is working or not...
  • Obama's Economic Plan - REVEALED

    10/17/2012 9:13:58 AM PDT · by OrangeHoof · 12 replies
    secret files | 10-17-2002 | OrangeHoof
    The Obama Administration has leaked their economic plan for the next four years should they win re-election. This plan was approved by top economists at Harvard University and other top economic thinktanks on the Left. While not complete, the plan draws a stark contrast with the plans of Mitt Romney to refocus the economy on tax cuts, spending cuts and investment in jobs. This is what has been learned about the outline of Obama's Economic Plan for his second term as leaked to us: 1. Raise taxes on the 53% under the guise of "taxing the rich". 2. Punish the...
  • Obama is best choice for president

    10/14/2012 9:03:45 AM PDT · by Oldeconomybuyer · 55 replies
    Winston-Salem Journal ^ | October 14, 2012 | Editorial
    Americans have a clear choice between two presidential candidates with starkly different ideas for spurring the economy, providing for the health of our people, defending our interests abroad, educating our children and protecting our environment. We believe that President Barack Obama’s progress on these issues merits him a second term in the White House. Four years ago on this page, we endorsed Republican U.S. Sen. John McCain of Arizona over Obama. We wrote that we were impressed with Obama, but McCain would “bring the Iraq war to a successful conclusion, work to end American dependence on foreign oil, reduce America's...
  • Endorsements: Barack Obama for president

    10/14/2012 5:55:08 AM PDT · by Oldeconomybuyer · 31 replies
    The Sacramento Bee ^ | October 14, 2012 | Editorial
    Voters often say they want their elected leaders to keep their promises and, at crucial moments, show real political backbone. President Barack Obama deserves a second term largely because he has delivered on both of these fronts. ... Obama – unruffled by Looney Tunes claims that he is a "socialist" and a "Marxist" – has pursued a consistent, moderate path that has pulled this country back from the brink and put it on a path toward recovery. In a second term, with just a little help from Congress, he could finish the job and pursue other priorities, including upgrading transportation...
  • Inquirer Editorial: Obama will do a better job

    10/14/2012 5:34:41 AM PDT · by Oldeconomybuyer · 31 replies
    Philadelphia Inquirer ^ | October 14, 2012 | Editorial
    Like a carnival barker cajoling a mark into spending the last bills in his wallet, the Republican Party is counting on Americans' not remembering that they've seen this trick before. GOP presidential nominee Mitt Romney wants voters to forget their familiarity with the prize he's dangling before their eyes - a return to the disastrous economic policies that preceded the recession. Given that context, Romney's prize is no better than a fake pearl. ... Obama deserves more than the grudging credit Republicans are giving him for being the commander in chief who finally got Osama bin Laden. America is safer...
  • Idea for a mutual fund that will make the lefties explode!

    10/12/2012 7:07:32 AM PDT · by Fido969 · 11 replies
    my crazy brain | today | me
    Everyone knows what a black hole of finance the "democratic strongholds" have become. Municipal bonds used to be a good investment, but with democrats having driven so many cities and states to the economic brink, I'd be leary. How about a tax-exempt mutual fund of Republican municipalities only? I'd guess the investors would flock to those because they would be safer, and we'd make it clear that democrats are a lousy investment.
  • Small Businesses Grow Wary; See Fewer Hires, Investments

    10/11/2012 7:11:10 AM PDT · by Qbert · 3 replies
    CNBC ^ | 9 Oct 2012 | Reuters
    U.S. small business sentiment weakened in September for the fourth time in five months as fewer owners expected to add staff and make capital investments. The National Federation of Independent Business said on Tuesday its optimism index fell 0.1 point to 92.8 last month. The drop is a sign the U.S. economy is taking a hit from uncertainty over the possibility of tax hikes and government spending cuts next year, said William Dunkelberg, chief economist at the NFIB. "Owners are in maintenance mode — spending only where necessary and not hiring, expanding or ordering more inventories until the future becomes...
  • Drop in job openings signals limited U.S. job growth

    10/10/2012 7:14:58 PM PDT · by tobyhill · 3 replies
    washington post ^ | 10/10/2012 | By Alex Kowalski
    Job openings in the U.S. dropped for a second straight month in August, indicating companies are reluctant to beef up payrolls through year-end without faster economic growth. The number of positions waiting to be filled fell by 32,000 to 3.561 million from a revised 3.593 million the prior month that was less than previously estimated, the Labor Department said today in a statement. Hiring increased at the same time firings rose to a three-month high. Companies such as Foot Locker Inc. are facing a weakening global economy and the possibility of automatic tax increases and government cutbacks, helping explain limited...
  • Fedex to cut thousands from workforce

    10/11/2012 4:26:03 AM PDT · by Mad Dawgg · 41 replies ^ | Oct. 10th 2012 | nonwe listed
    AFP - Fedex, the global delivery company, said Wednesday it was planning to cut "several thousand" people from its workforce via a voluntary departure program beginning early next year. Company chairman Fred Smith said at an investment conference in Memphis, Tennessee, that the cuts would come in the company's Fedex Express global express delivery service, and in the US unit, Fedex Services.
  • Drop in Openings Signals Limited U.S. Job Growth: Economy

    10/10/2012 4:01:40 PM PDT · by Oldeconomybuyer · 2 replies
    Bloomberg | October 10, 2012 | By Alex Kowalski
    Link Only per FR rules:
  • The Obama 30 Hour Work Week (vanity)

    10/09/2012 5:59:34 AM PDT · by TigerClaws · 17 replies
    A consequence of Obamacare. Darden Restaurants (Olive Garden, Red Lobster) is cutting all of its workers to 30 hours to avoid having them fall under Obamacare requirements. 185,000 people with less hours. But think of all the new part time jobs Obama is creating! Many other companies will do the same.

    10/08/2012 7:58:01 PM PDT · by barmag25 · 35 replies
    The Blaze ^ | 10/8/12 | Erica Ritz
    The most common complaints by business-owners against the current administration tend to revolve around the economic uncertainty and increased regulation that have made it next to impossible to plan for the future. Stephanie Gallagher, the president of World City America Inc., is lending her voice to the fray after the Obama administration reportedly moved to prevent American cruise liners from being eligible to get the long-term financing under Title XI that make building something as massive as a cruise ship possible. As Royal Caribbean acquires its third Oasis-class ship from Finland, Gallagher writes that World City America has invested over...
  • Food Stamps - The Black Hole You Enter and Never Exit

    10/08/2012 5:44:46 AM PDT · by Kaslin · 22 replies ^ | October 8, 2012 | Bruce Bialosky
    Have you heard the rumor that the number of food stamp recipients has increased during President Obama’s term from 28.2 million to 46.6 million? Have you heard that in only three years, the annual cost of the program, which was already astronomical at $35 billion, has soared to $76 billion? It certainly has been the talk of the town (if not the campaign), but does anyone really know how we got to this state of affairs? That is what I set out to discover. Even the most basic details about the program seem surreal. Why in the world is this...
  • Devastating Ad: The Real Jobs Report

    10/07/2012 4:47:03 AM PDT · by BarnacleCenturion · 118 replies ^ | 5 Oct 2012 | TONY LEE
    The ad is titled “Dinner Table” and features a recently unemployed father trying to eat dinner with his worried wife and two kids. The only sounds that can be heard are the tinkling of utensils as the family unnervingly pokes at their food. It is a scene that has been played in real life in millions of homes across America during the Great Recession and the so-called recovery. After 23 seconds, the ad, which was created, written, and directed by Jon Kahn, then fades to a black-and-white question on the screen: “12.1 million Americans unemployed. Isn’t it time to try...
  • If all you need is a part time job to survive, vote Obama 2012

    10/06/2012 9:46:28 AM PDT · by Qbert · 14 replies
    Legal Insurrection ^ | October 6, 2012 | Bryan Jacoutot
    The consensus from the far left following this morning’s release of September jobs numbers from the Bureau of Labor Statistics can be described as nothing short of elation. According to the BLS, unemployment sharply dropped from 8.1% to 7.8%. This marks the first time unemployment rate has been below 8% since the day Barack Obama was sworn into office. In fact, it is currently at exactly the same level it was in January of 2009. A closer look at the statistics reveals an America developing under President Obama that isn’t exactly “built to last.” First we start with the easy...
  • Obama Economic Policies Exposed [Reader Post]

    10/06/2012 6:47:59 AM PDT · by Snuph · 5 replies
    Flopping Aces ^ | 10/05/2012 | Warren Beatty
    According to a September 12, 2012, Census Bureau report: Changes in income for the lowest two quintiles were not statistically significant, meaning the decline in 2010 of 1 percent was relatively unchanged. Income declined by about 1.5 percent for the middle and fourth quintiles. Income increased 1.9 percent for the highest quintile. So only the highest income earners saw an increase in income. Income inequality increased by 1.7 percent, from 0.469 to 0.477 between 2010 and 2011, according to the Gini index, a measure of household income inequality, with zero representing perfect income equality and 1 perfect inequality. This marks...

    10/06/2012 6:31:48 AM PDT · by Snuph · 9 replies
    big government ^ | 5 Oct 2012 | AWR HAWKINS
    While Obama boasts an unemployment finally pushed under 8% by the labor force shrinking small enough, the prices his energy policies have spawned continue to climb. On October 4th, per-gallon prices in some areas were well over $4 a gallon. And on October 5, they actually crossed the five dollar line. Moreover, pump and fill-station shutdowns due to fuel shortages continue in California.
  • Obama: 'We Don't Believe Anybody Is Entitled to Success in This Country'

    10/05/2012 9:58:22 AM PDT · by tapatio · 142 replies
    The Weekly Standard ^ | Oct. 5,2012 | Daniel Halper
    Obama: 'We Don't Believe Anybody Is Entitled to Success in This Country'
  • Saint Obama Performs another Miracle by Making Unemployment Recede (Excellent article)

    10/06/2012 12:45:06 AM PDT · by JohnHuang2 · 28 replies ^ | 10-05-2012 | John Ransom
    Magically and providentially, Obama has enjoyed the largest one-month drop in unemployment since he got elected thanks to the greatest single month of job creation since 1983- all just weeks before ballots hit for his reelection bid. “The U.S. unemployment rate dropped below 8 percent for the first time since the month President Barack Obama took office,” reports the Associated Press “a surprising lift for both the economy and his re-election hopes in the final weeks of the campaign.” Yeah; we’re all REAL surprised by this. According to the AP, Jack Welch, the retired former CEO of General Electric, said...