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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
    France24.com ^ | 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: http://www.bloomberg.com/news/2012-10-10/job-openings-in-u-s-decreased-32-000-in-august-hiring-rose.html
  • 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.
  • CRUISE LINER EXEC WRITES SCATHING LETTER TO OBAMA OVER NEW REGULATIONS

    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
    Townhall.com ^ | 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
    breitbart.com ^ | 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...
  • OBAMANOMICS: LABOR FORCE DOWN, GAS PRICES UP

    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
    TownHall.com ^ | 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...
  • Disability Benefit Program Is Going Broke (but unemployment down to 7.8%)

    10/05/2012 1:29:53 PM PDT · by Kenny · 18 replies
    The Fiscal Times ^ | July 27, 2012 | JOSH BOAK
    For a country still gasping to recover from the Great Recession, disability payments from Social Security have evolved into a lifeline and an economic trap for millions of unemployed Americans threatening the program with insolvency in just four short years. Created decades ago to help those unable to work because of severe health problems, the $128 billion program stops many from sliding into total poverty and inflicting further damage on the economy. More Americans qualified for disability than found jobs over the past three months, and since 2000, the number of beneficiaries rose by 73 percent, even though the workforce...
  • Employment Situation Summary Table A.Household data seasonally adjusted (Unemplymt falls to 7.8%)

    10/05/2012 5:59:21 AM PDT · by xzins · 78 replies
    Bureau of Labor Statistics ^ | 5 Oct 2012 | BLS
    Employment Situation Summary Table A. Household data, seasonally adjusted HOUSEHOLD DATA Summary table A. Household data, seasonally adjusted[Numbers in thousands] Category Sept.2011 July2012 Aug.2012 Sept.2012 Change from:Aug.2012-Sept.2012 Employment status Civilian noninstitutional population 240,071 243,354 243,566 243,772 206 Civilian labor force 154,004 155,013 154,645 155,063 418 Participation rate 64.1 63.7 63.5 63.6 0.1 Employed 140,107 142,220 142,101 142,974 873 Employment-population ratio 58.4 58.4 58.3 58.7 0.4 Unemployed 13,897 12,794 12,544 12,088 -456 Unemployment rate 9.0 8.3 8.1 7.8 -0.3 Not in labor force 86,067 88,340 88,921 88,710 -211 Unemployment rates Total, 16 years and over 9.0 8.3 8.1 7.8 -0.3...
  • September jobs report probably won't sway election

    10/04/2012 9:43:55 PM PDT · by DadOfFive · 6 replies
    CNNMoney ^ | cnnmoney
    NEW YORK (CNNMoney) -- Don't expect Friday's jobs report to swing the election. In all likelihood, it will show more of the same sluggish job growth the U.S. economy has seen for months. Economists surveyed by CNNMoney predict the September jobs report, released at 8:30 a.m. ET, will indicate that employers added 110,000 jobs during the month.
  • Jobless claims rise less than expected last week

    10/04/2012 5:47:33 AM PDT · by John W · 27 replies
    money.msn.com ^ | October 4, 2012 | money.msn.com
    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose less than expected last week, according government data on Thursday that suggested a mild improvement in the labor market. Initial claims for state unemployment benefits climbed 4,000 to a seasonally adjusted 367,000, the Labor Department said. The prior week's figure was revised up to show 4,000 more applications than previously reported. Economists polled by Reuters had forecast claims rising to 370,0000 last week. The four-week moving average for new claims, a better measure of labor market trends, was unchanged at 375,000. It was the first time...
  • Socialist origins of Obama’s 'new economic patriotism'

    10/02/2012 10:03:08 PM PDT · by Perseverando · 8 replies
    WND.com ^ | October 2, 2012 | Aaron Klein and Brenda J. Elliott
    Catch phrase used in Europe to describe industry takeovers by government President Obama’s latest catch phrase, “new economic patriotism,” is neither new nor necessarily patriotic. In Europe, the term historically has had a socialist connotation. It has been used to describe the government takeover of private industry. In a two-minute Web advertisement released last Wednesday, Obama delivered a video message calling for a “new economic patriotism” that purportedly benefits the middle class while taxing the rich. “It’s time for a new economic patriotism,” Obama declared in the ad, “rooted in the belief that growing our economy begins with a strong,...
  • Obama’s War on the Middle Class: Gas Prices Double – Incomes Drop – Jobs Killed

    10/01/2012 10:02:50 PM PDT · by george76 · 13 replies
    gateway ^ | October 1, 2012 | Jim Hoft
    Barack Obama hates the poor and middle class. Thanks to Barack Obama gas prices doubled, incomes dropped, unemployment soared and the deficit nearly tripled in less than four years. The poor and middle class suffered the most.
  • Biden: Middle Class 'Has Been Buried the Last Four Years'

    10/02/2012 10:50:07 AM PDT · by GOPinCa · 51 replies
    Vice President Joe Biden said the middle class "has been buried the last four yeas" at a campaign event in Charlotte, North Carolina: "This is deadly earnest, man. This is deadly earnest," Biden said. "How they can justify--how they can justify--raising taxes when the middle class has been buried the last four years... How in Lord's name..." Of course, Barack Obama has been president the last four years, and Biden has been vice president.
  • Under Obama, Poor, Middle Class Incomes Fall Sharply

    10/02/2012 9:43:43 AM PDT · by Perdogg · 11 replies
    Despite repeated promises that he would build prosperity from the bottom up, President Obama has presided over three years of income losses for the middle class, according to the latest household income data from the Census Bureau. Since 2009, the middle 20% of American households saw their average incomes drop 4%. In 2011 alone, they fell 1.7%. The poorest 20% have fared even worse under Obama, Census data show. Their incomes have dropped more than 7% since 2009, and are now lower than they've been at any time since 1985, after adjusting for inflation.
  • Congratulations Barry: 2012 budget deficit exceeds 2011 shortfall (Obama again the deficit champ)

    10/02/2012 9:26:44 AM PDT · by SeekAndFind · 2 replies
    American Thinker ^ | 10/02/2012 | Rick Moran
    It was close. A lot of us didn't think he could do it. But we should have realized by now that when it comes to spending money we don't have, Barrack H. Obama is the champion. CNS News: According to the U.S. Treasury, the debt of the U.S. government climbed by a total of $1,275,901,078,828.74 in fiscal 2012, which ended yesterday. That means the federal government borrowed approximately an additional $10,855 for each household in the United States just over the past twelve months. The total debt of the United States now equals approximately $136,690 per household. In fiscal 2011,...
  • Comcast to close all California call centers

    09/28/2012 3:48:03 AM PDT · by lowbridge · 36 replies
    http://www.kansascity.com ^ | september 26, 2012 | claudia buck
    In an abrupt announcement that caught state and local business officials off guard, cable giant Comcast announced Tuesday that it's closing all of its California call centers, including one in Natomas that employs about 300 workers. Why? That's the tricky question. Earlier in the day, citing the state's "high cost of doing business," a regional Comcast official said the company's Natomas, Livermore and Morgan Hill call centers will be shuttered on Nov. 30. Overall, about 1,000 jobs will be relocated to existing centers in Portland, Seattle and Denver. But hours later, after state Senate President Pro Tem Darrell Steinberg, D-Sacramento,...
  • Campbell Soup closing Sacramento plant cutting 700 jobs

    09/27/2012 6:08:22 PM PDT · by Justaham · 86 replies
    mercurynews.com ^ | 9/27/12 | Candice Choi and Michelle Chapman
    Campbell Soup is closing two U.S. plants and cutting more than 700 jobs as it looks to trim costs amid declining consumption of its canned soups. The world's largest soup maker said Thursday that it will close its plant in Sacramento that has about 700 full-time workers. The plant, which makes soups, sauces and beverages, was built in 1947 and is the company's oldest in the country. That also means it has the highest production costs of Campbell's four U.S. soup plants. Campbell also plans to shutter a spice plant in South Plainfield, N.J. that has 27 employees. Production will...
  • We're spending more, but making about the same ("Fact Check" this, wages are lower under Obama!)

    09/28/2012 7:21:10 AM PDT · by tobyhill · 9 replies
    nbc ^ | 9/28/2012 | staff
    Consumer spending rose in August, thanks to higher gas prices, while incomes barely budged, government data showed Friday. The Commerce Department said consumer spending rose 0.5 percent in August from July, the biggest jump since February. The increase was led by a 1.7 percent surge in purchases of nondurable goods, reflecting the sharp 28.2 cents per gallon rise in gas prices during the month. Spending on durable goods rose 0.3 percent, helped by gains in auto sales. Spending on services rose just 0.2 percent. Income rose just 0.1 percent in August, reflecting the weak job market. Taking into account inflation,...
  • Nearly 400,000 More Jobs Added Than First Thought

    09/27/2012 11:13:02 AM PDT · by Oldeconomybuyer · 37 replies
    Wall Street Journal ^ | September 27, 2012 | By Ben Casselman
    The Bureau of Labor Statistics on Thursday released an early look at its annual “benchmark revision” of its payroll data. When the preliminary revisions become final early next year, the official data should show that 386,000 more Americans were working in March than previously believed. The private sector did even better, adding 453,000 jobs versus previous estimates. ... There was one symbolic significance to the revision: If the preliminary figures hold, they would suggest that more Americans are now working than when President Obama took office. That doesn’t mean much for the broader economy — there are still more than...
  • Americans’ Incomes Have Fallen $3,040 During the Obama ‘Recovery’

    09/27/2012 9:32:33 AM PDT · by george76 · 9 replies
    The Weekly Standard ^ | Sep 27, 2012 | JEFFREY H. ANDERSON
    Americans must be wondering how much more of this “recovery” they can afford. New figures from the Census Bureau’s Current Population Survey, compiled by Sentier Research, show that the typical American household’s real (inflation-adjusted) income has actually dropped 5.7 percent during the Obama “recovery.” Using constant 2012 dollars (to adjust for inflation), the median annual income of American households was $53,718 as of June 2009, the last month of the recession. Now, after 38 months of this “recovery,” it has fallen to $50,678 — a drop of $3,040 per household. Yet it gets worse. Amazingly, incomes have dropped even more...
  • Vote for Obama (video)- He gave us free phones and 'gunna' do more!

    09/27/2012 9:16:39 AM PDT · by nckerr · 42 replies
    The Blaze ^ | Sep 27, 2012 | Mike Opelka
    One apparent Obama supporter was caught on video seemingly giving a very clear explanation of why she is voting for the president and why she does not like Mitt Romney. The passionate explanation for the former involves Obama giving free phones
  • More Proof The U.S. Economy Is Falling Apart

    09/27/2012 8:02:25 AM PDT · by Qbert · 16 replies
    Forbes ^ | 9/27/2012 | Abram Brown
    A series of new economic figures this morning cast fresh gloom on the health of the U.S. economy. The economy grew much less than expected in the second quarter, new Labor Department estimates show. Second quarter GDP was revised lower to 1.3% from an earlier 1.7%. (Economists believed that GDP would be revised lower to 1.6%.) Declining consumer spending and business investment combined to weigh mightily on economic activity. More troubling still is what this suggests about the third quarter. Little has surfaced to point to a pick-up, meaning that it’s unlikely the economy will grow much more than before....
  • Obama touts 'economic patriotism' in 2-minute ad

    09/27/2012 7:03:22 AM PDT · by Qbert · 25 replies
    AP via Columbus Dispatch ^ | 9/27/2012 | MATTHEW DALY & KEN THOMAS
    WASHINGTON (AP) — President Barack Obama is pitching a broad economic argument to voters before next week's debate with Republican opponent Mitt Romney, buying TV time in seven battleground states to promote a "new economic patriotism." In a two-minute ad, Obama looks into the camera as he promotes an economic plan he says will create 1 million manufacturing jobs, cut oil imports and hire thousands of new teachers. [Snip] Obama flubbed a line at Kent State while building to his argument for keeping jobs in the United States. He mistakenly said, "I want to see us export more jobs." He...
  • Less Than Expected 31,000 New Homes Sold In August; Dent "Recovery" Meme

    09/26/2012 8:16:55 AM PDT · by Qbert · 10 replies
    Zero Hedge ^ | 9/26/2012 | Tyler Durden
    Moments ago, the Census Bureau released the August new single-family house sales number: at 373,000 on an annualized basis, it missed expectations of a rise to 380,000, and was down from a revised 374,000. This is only the second miss in 2012, and confirms that all talk of a housing recovery is misguided, and merely represents one particular segment of the housing market: that of existing home sales where buyers have all cash, are price indiscriminate, and are willing to take advantage of the NAR's exemptions from anti-money laundering provisions. I.e., US real estate is merely a place to park...
  • Washington Versus America

    09/24/2012 8:00:22 AM PDT · by Ernest_at_the_Beach · 3 replies
    nytimes ^ | September 22, 2012 | ROSS DOUTHAT
    WHEN I moved to Washington, D.C., in 2002, you could sense that the nation’s capital had turned a corner after decades of decline. But the Washington of 10 years ago still looked basically like the city that had been scarred by riots in the 1960s and then emptied by white flight, with a prosperous northwest divided from a blighted south and east, and frontiers of gentrification that weren’t that many blocks from the Capitol itself. No doubt there were boomtowns in the 19th-century Wild West that changed faster than D.C. did over the ensuing decade. But the changes to Washington...
  • More Americans Now Commit Suicide Than Die in Car Crashes as Miserable Economy Takes Its Toll

    09/22/2012 10:38:53 PM PDT · by DogByte6RER · 53 replies
    The Daily Mail (UK.) ^ | 22 September 2012 | Daily Mail Reporter
    $56 million suicide prevention programme launched as study reveals more Americans take their own lives than die in car crashes Suicide is a bigger killer than car crashes, according to an alarming new study. The number of people dying from suicide has drastically increased, while car accident deaths haven lessened, making suicide the leading cause of injury death. Suicides via falls or poisoning have risen significantly and experts fear there could be en more going unrecognised, specifically in cases of overdose. 'Suicides are terribly under-counted,' said Ian Rockett, author of the study, published on Thursday in the American Journal of...
  • Obama: It takes more than 1 term to fix economy

    09/22/2012 5:51:48 PM PDT · by tobyhill · 58 replies
    cbs ^ | 9/22/2012 | ap
    President Barack Obama says change takes more than one term in the White House, more than one president and more than one party. His message to thousands of cheering supporters at a rally in Milwaukee was a rebuke to rival Mitt Romney, who claims Obama's policies have failed to turn the economy around.
  • U.S. GDP growth likely to slow in second-half 2012

    09/22/2012 10:09:43 AM PDT · by tobyhill · 6 replies
    reuters ^ | 9/21/2012 | reuters
    Recent jobs data were disappointing overall, showing soft potential for U.S. economic growth, said an article published today by Standard & Poor's, titled "U.S. Economic Forecast: He's Buying A Stairway To Heaven." We expect U.S. GDP growth of just 2.2% this year and only 1.8% in 2013. "Our expectation for the chances of another U.S. recession is about 20%-25%," said Standard & Poor's Deputy Chief Economist Beth Ann Bovino. "Chances of a quick turnaround are around 15%." The poor labor market continues to keep the recovery in slow gear, spurring Federal Reserve Chairman Ben Bernanke to take unprecedented action. After...
  • Has US economy bottomed out? Census suggests yes

    09/20/2012 8:20:21 AM PDT · by TurboZamboni · 24 replies
    pioneer press ^ | 9-20-12 | hope yen
    WASHINGTON—The U.S. economy is showing signs of finally bottoming out: Americans are on the move again after record numbers had stayed put, more young adults are leaving their parents' homes to take a chance with college or the job market, once-sharp declines in births are leveling off and poverty is slowing. New 2011 census data being released Thursday offer glimmers of hope in an economic recovery that technically began in mid-2009. The annual survey, supplemented with unpublished government figures as of March 2012, covers a year in which unemployment fell modestly from 9.6 percent to 8.9 percent. Not all is...
  • Welfare Reform as We Knew It-Inside the Obama work waiver: It's worse than Romney says

    09/20/2012 5:41:00 AM PDT · by TurboZamboni · 2 replies
    WSJ ^ | 9-20-12 | WSJ
    HHS is selling this under the guise of "flexibility" and says the point is to get more people working, not fewer. But recall that the joint state-federal welfare program has always had "work" requirements. Prior to 1996, they included such demands as journaling, bed rest and massage therapy. For this reason, the statute specifically enumerated a 12-point definition of "work." People who can but don't meet the work terms eventually lose benefits. States have enormous flexibility to help recipients back into the job market. But they forfeit a portion of their federal money unless a certain percentage of their caseload...
  • Speaking to the 47%: The $105,000 champagne tower featured at Obama fundraiser..

    09/19/2012 10:57:36 AM PDT · by GeorgeWashingtonsGhost · 24 replies
    Mail Online ^ | September 19, 2012 | Toby Harnden
    President Barack Obama attended a fundraiser at Jay-Z's 40/40 Club in Manhattan that featured a champagne tower of 350 bottles worth $105,000 - more than twice the median household income of an American family. The tower of $300-a-bottle Armand de Brignac Brut Gold, known as 'Ace of Spades' because of its label, is a permanent fixture at the club. 'It’s floor-to-ceiling gold bottles in the entire space,' a 40/40 representative told the New York Post. 'It’s beautiful—breathtaking. It’s the first thing you see when you walk in. The median income for an American family was $51,413 in 2011. $105,000: The...
  • FedEx says economy is worsening, cuts outlook

    09/18/2012 7:29:42 AM PDT · by listenhillary · 31 replies
    LA times ^ | 9/19/12 | Associated Press
    FedEx Corp. says the global economy is worsening and it's cutting its forecast for the fiscal year ending in May. The world's second largest package delivery company also said Tuesday that net income for the current quarter ending in November should fall well below last year's quarter. The stock lost about 2 percent in premarket trading. The Memphis, Tenn. company now expects to earn between $6.20 and $6.60 per share for the full fiscal year, compared with a previous forecast of $6.90 to $7.40 per share. FedEx is seeing a drop in demand for more expensive priority services. As the...
  • Fed action a welcome move for small businesses [Brainless Cheer leader for printing money]

    09/18/2012 3:22:19 AM PDT · by SoFloFreeper · 10 replies
    Washington Post ^ | September 18, 2012 | Sharon Jenkins
    A collective sigh of relief quickly spread through key segments of the U.S. economy last week as news broke about QE-3 —the third round of quantitative easing announced by Federal Reserve Chairman Ben Bernanke...
  • Bernanke’s Quantitative Easing: Wrong Medicine for an Ailing Economy

    09/17/2012 7:30:19 AM PDT · by KeyLargo · 18 replies
    rightsidenews.com ^ | Sep 14, 2012 | J.D. Foster
    Bernanke’s Quantitative Easing: Wrong Medicine for an Ailing Economy Friday, 14 September 2012 08:40 J.D. Foster The Federal Reserve’s Open Market Committee announced today that it would pursue $40 billion in additional monthly stimulus in the form of quantitative easing. Meanwhile, it will maintain its previous program of exchanging about $45 billion monthly in short-for-long-term securities. Quantitative easing, or QE, is purchasing long-dated government bonds and similar debt instruments. » If you like this article, please donate to Right Side News Daily The policy is certainly well motivated: The U.S. economy is barely growing, as the latest jobs report underscored,...
  • Senate report highlights Social Security disability benefit abuses

    09/17/2012 5:30:19 AM PDT · by TurboZamboni · 20 replies
    washington examiner ^ | 9-13-12 | mark flatten
    A woman was awarded Social Security disability benefits because of "crippling hand pain" from carpel tunnel syndrome, but still managed to work as a bartender. A judge coached a disability applicant to lie about paying rent to boost his payments from the government. ‘I think you could flip a coin for anybody who came before the Social Security commission for disability and get it right just as often as the ALJs do, - Sen. Tom Coburn, R-Okla.’ A man with history of cocaine addiction was approved for disability because of back pain and headaches, which he claimed could be controlled...
  • Obamanomics Has Failed Dismally (And No, Ben Bernanke Can't Bail It Out)

    09/15/2012 5:10:43 AM PDT · by SeekAndFind · 10 replies
    RCM ^ | 09/15/2012 | Larry Kudlow
    <p>About thirty years ago, Paul Volcker launched a monumental monetary effort to bring down inflation. As Fed chairman, he sold bonds, removed cash from the economy, and cared not one wit about rising interest rates. And it worked. Gold plunged, King Dollar soared, and the drop-off in bank reserves and money extinguished high inflation -- and actually launched a multi-decade period of very low inflation.</p>