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Keyword: obamataxhike

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  • Hillary Clinton slams Obama economy: 'Dream feels further and further out of reach'

    05/17/2014 10:51:11 AM PDT · by SeekAndFind · 70 replies
    Washington Examiner ^ | 05/17/2014 | Byron York
    n a speech in Washington on Friday, Hillary Clinton repeatedly criticized economic and social conditions under President Obama, barely mentioning the accomplishments of the man who appointed her secretary of State. Clinton's address, at the New America Foundation, was a broad indictment of the country's current leadership, with exactly one -- one -- note of praise for the Democratic president Clinton has called her partner and friend. Clinton, never known for self-effacement, began by noting her lifelong desire to make the world a better place and the "driving force" toward public service instilled in her by her mother. From there,...
  • EPA Stealthily Propels Toward ‘Massive Power Grab of Private Property Across the U.S.’

    11/13/2013 12:02:00 PM PST · by rktman · 43 replies
    PJMedia ^ | 11/12/2013 | Bridget Johnson
    While the country is immersed in Obamacare headlines and a congressional tussle over delays and mandates, the Obama administration is stealthily moving toward unprecedented control over private property under a massive expansion of the Environmental Protection Agency’s Clean Water Act authority. The proposed rule, obtained by the House Science, Space, and Technology Committee in advance of EPA Administrator Gina McCarthy’s testimony at a Thursday oversight hearing, widely broadens the definition of waterways over which the federal government has jurisdiction to as little as a water ditch in a backyard. The Clean Water Act redefinition of “waters of the United States”...
  • Drilling Below the Surface of Obama's Dreadfully Weak Economic Numbers

    11/13/2013 9:05:23 AM PST · by Kaslin · 13 replies ^ | November 13, 2013 | Donald Lambro
    Barack Obama's presidency is falling apart, as a growing number of Americans now realize his promises of prosperity and jobs were bogus and his health care law a fabric of lies. A president who promised hope and change has given us despair and a failed,1930s agenda, as a once-mighty economy continues to limp toward the end of its fifth year in "recovery" -- yet with no full, lasting recovery in sight. Twelve months ago, a majority of voters handed him a second term. This week, the Gallup Poll reported that a 54 percent majority disapprove of the job he's doing...
  • What Is the Real Unemployment Rate? HINT: It's far higher than the official 7.3 percent.

    11/13/2013 6:52:45 AM PST · by SeekAndFind · 19 replies
    Pajamas Media ^ | 11/13/2013 | Tom Blumer
    Just beneath the surface, the government’s latest employment report [1] shows how much damage the POR (Pelosi-Obama-Reid) economy, now well into its sixth year [2], has done to the country’s economic fabric. The impact of Obamacare, if it isn’t stopped, will only compound it.Even the relatively decent news in Uncle Sam’s October report was suspect.Employers are said to have added 204,000 seasonally adjusted jobs. But as the Associated Press noted [3], the government, thanks to the 17 percent [4] government shutdown, had an extra week to retrieve its surveys from employers, and therefore had a higher than usual response rate....
  • About That Surprise Jobs Report - Big Gainer (Again) Was Low Wage Food/Drinking Services

    11/12/2013 3:57:54 PM PST · by whitedog57 · 14 replies
    Confounded Interest ^ | 11/12/2013 | Anthony B. Sanders
    Some people are still excited about the recent “surprise” jobs report where 204,000 jobs were added to the economy. Excited, that is, until you look at the jobs added. The biggest gainer was Food Services and Drinking Places. Notoriously, low paying jobs compared to some sectors of the economy. foodservbar The biggest loser? Clothing and clothing accessories stores lost 12,500 jobs. The Federal government lost 12,000 jobs. Growing low wage jobs is one factor contributing to the abysmal “growth” in Real Average Hourly Earnings. Earnings-average-hourly-real (1) Maybe The Blues Brothers were on to something in the 1970s by singing “Hey...
  • Americans’ Participation in Labor Force Hits 35-Year Low

    11/12/2013 3:47:50 PM PST · by Nachum · 20 replies
    Cybercast News Service ^ | 11/12/13 | Ali Meyer
    The percentage of American civilians 16 or older who have a job or are actively seeking one dropped to a 35-year low in October, according to the Bureau of Labor Statistics. In September, the labor force participation rate was 63.2 percent, but in October it dropped to 62.8 percent—the lowest it has been since February 1978, when Jimmy Carter was president. The labor force, according to BLS, is that part of the civilian noninstitutional population that either has a job or has actively sought one in the last four weeks. The civilian noninstitutional population consists of people 16 or older,
  • Obama Advocates Higher Unemployment for Lower-Skilled Workers

    11/07/2013 1:56:15 PM PST · by Kaslin · 10 replies ^ | November 7, 2013 | Daniel J. Mitchell
    Perhaps because he wants to divert attention from the slow-motion train wreck of Obamacare, the President is signalling that he will renew his efforts to throw more people into the unemployment line. Needless to say, that’s not how the White House would describe the President’s proposal to increase the minimum wage, but that’s one of the main results when the government criminalizes certain employment contracts between consenting adults. To be blunt, if a worker happens to have poor work skills, a less-than-impressive employment record, or some other indicator of low productivity that makes them worth, say, $7.50 per hour, then...
  • Dish Network to close all Blockbuster stores, lay off 2,800

    11/06/2013 1:23:26 PM PST · by Responsibility2nd · 56 replies
    Reuters ^ | 11/06/2013 | Reuters
    Dish Network said on Wednesday it will close all 300 or so retail locations of the Blockbuster video rental chain by January, closing a chapter on a brand that failed to compete in the digital world. Dish plans to lay off as many as 2,800 employees. Dish, the second-largest U.S. satellite TV company, bought the failed Blockbuster LLC video rental chain in a bankruptcy auction in 2011 for $320 million, a dramatic fall for a brand that at its peak in 2002 had a market value of $5 billion.
  • Obamacare Restrictions Lead Brooklyn Couple To Consider Divorce

    11/06/2013 3:57:35 PM PST · by GrandJediMasterYoda · 14 replies ^ | 11/6/13 | CBS
    Obamacare Restrictions Lead Brooklyn Couple To Consider Divorce 'We Would Save Thousands Of Dollars If We Got Divorced,' Woman Says November 6, 2013 5:23 PM NEW YORK (CBSNewYork) — From website crashes to long holds on calls, the issues involved with the unveiling of the Affordable Care Act are well documented. But now, could it be breaking couples up? CBS 2’s Don Champion spoke to one Brooklyn couple on Wednesday who said they may be forced to get a divorce to get health insurance. Nona Willis Aronowitz and Aaron Cassara’s love affair began at a party in 2008. “We kissed...
  • Surprise: ObamaCare will likely increase food stamp enrollment

    11/06/2013 10:42:52 AM PST · by Ernest_at_the_Beach · 43 replies
    Hot Air ^ | 8:41 am on November 6, 2013 | by Morgen Richmond
    Once all of the new ObamaCare mandates, regulations, and taxes are fully priced into the healthcare market we may all be lining up for government butter and cheese, but that’s not the story here. No, apparently the multi-million dollar ObamaCare marketing campaign signing up new Medicaid recipients by the millions will come with an unexpected bonus for fans of the entitlement state. Lots and lots of people finding out for the first time that in addition to free healthcare they are also eligible for a shiny new EBT card. Via Politico. The Obama administration has ordered a study to determine...
  • Obamacare and the 2014 economy (vanity)

    11/01/2013 3:08:56 PM PDT · by aimhigh · 22 replies
    me | 11/1/2014 | me
    There has been plenty of news about health insurance premium and deductible increases. The focus has been on the impact to the individual households. What hasn't been mentioned is the impact on the economy as a whole. If the average family sees their disposable income reduced by 10 to 30%, the negative impact on the nation's economy will be huge. The greatest impact would be in the first 4 months of the year, as disposable income gets redirected to pay deductibles.
  • Lawmakers seek truce with farm bill [but will conservatives make trouble?]

    10/20/2013 4:53:38 AM PDT · by Cincinatus' Wife · 15 replies
    The Hill ^ | October 19, 2013 | Erik Wasson
    The $1 trillion farm bill will serve as the first test of how deeply the shutdown fight has damaged relations in Washington. Congress has made the legislation its first order of business as it pivots away from the battles over government funding and the debt ceiling. The leaders of the agriculture committees in Congress and K Street lobbyists are eager to put the finishing touches on the bill, which could get wrapped into a year-end budget deal that replaces automatic sequestration cuts. But some fear Speaker John Boehner (R-Ohio), who has vowed to complete the legislation, might be too wounded...
  • Obamanomics: M1 Multiplier and M2 Money Velocity Fall to New Lows, Labor Participation Collapsing

    10/13/2013 4:24:18 PM PDT · by whitedog57 · 53 replies
    Confounded Interest ^ | 10/13/2013 | Anthony B. Sanders
    According to The Federal Reserve G.19 Report for August, consumer debt topped $3 trillion! Of course, Federal government debt has topped $16 trillion, over 5 times the amount of consumer debt. Note that pickup in Federal debt growth compared to consumer debt growth after Q2 2008 (red box). feddebtconsumer Here is a chart of revolving consumer credit versus non-revolving credit. Non-revolving debt (e.g., auto loans) have effectively replaced revolving debt. revnonrev Business loans have finally grown past the prior peak in 2008. frbusloasn On the government side, current expenditures (purple line) continue to grow, but the rate of growth flattened...
  • Study: Obamacare Costing 66,000 Jobs in Illinois

    10/05/2013 8:46:06 PM PDT · by 2ndDivisionVet · 33 replies
    The Washington Free Beacon ^ | October 4, 2013 | Elizabeth Harrington
    The president’s health care law is driving down employment in his home state, according to a recent report. Employers in Illinois are cutting worker hours to avoid costly penalties from Obamacare’s employer mandate, where employees in the lowest wage sectors are the hardest hit. The Illinois Policy Institute studied the three employment sectors — retail, food, and merchandise– whose average hours were closest to 30 hours per week prior to the Affordable Care Act. The institute found that all three have now dipped below 30 hours per week, the threshold for a full-time worker under the law. Average hours for...
  • Obama will deal on budget, not on debt limit -ABC interview

    09/15/2013 10:58:34 AM PDT · by Jim Robinson · 32 replies
    Reuters ^ | Sept 15, 2013 | By Mark Felsenthal
    (Reuters) - President Barack Obama, in an interview broadcast on Sunday, blamed conservative Republicans for a stalemate on the budget and insisted that while he is willing to haggle over taxes and government spending, he will not make a deal would that would impose conditions on increasing the nation's debt limit. With a possible government shutdown looming in two weeks, and the threat of a U.S. debt default as early as mid-October, Obama said on ABC's "This Week with George Stephanopoulos" that it is up to lawmakers to work out a budget. He insisted the budget should contain enough spending...
  • Obama says Republicans blocking his efforts to fight economic inequality

    09/15/2013 11:32:15 AM PDT · by Nachum · 67 replies
    The Hill ^ | 9/15/13 | Mike Lillis
    The president has powers to fight income inequality, President Obama argued in an interview broadcast Sunday, adding that Republicans in Congress have hobbled his efforts to do it. Appearing on ABC´s "This Week" program, Obama acknowledged that the wealthiest Americans have benefited disproportionately from the economic recovery of recent years. But he was quick to add that much of that trend is due to globalization, technology and, not least, the GOP´s opposition to his economic agenda – all factors he suggested are beyond his control. "I think the president can stop it," Obama said, when asked about the growing income
  • Surveillance: Woman Steals From Store With Help From Her Kids

    09/15/2013 6:20:48 AM PDT · by kevcol · 23 replies
    FOX 29 ^ | Sep 12, 2013
    Many children grow up looking up to their mothers. But one woman in Missouri is setting the wrong example for her kids. She allegedly took them along for a jewelry store heist. Surveillance video captures her going into a store with her two young kids, a boy and girl. The store owner says that the woman distracted him, while her kids filled up her purse with thousands of dollars in jewels. Police did recover $10,000 worth of merchandise and identified the woman in the surveillance video. However, thieving family is on the run tonight.
  • U.S. jobless claims fall; reading clouded by processing snafu

    09/12/2013 5:50:45 AM PDT · by Oldeconomybuyer · 29 replies
    Reuters ^ | September 12, 2013 | by Jason Lange
    The number of new U.S. jobless claims fell sharply last week but much of the decline appeared due to technical problems in claims processing, clouding the last major reading of labor market health before a Federal Reserve meeting. Initial claims for state unemployment benefits slipped 31,000 to a seasonally adjusted 292,000, the Labor Department said on Thursday. That was the lowest level of claims since 2006, confounding analysts' expectations for a mild increase. But a department analyst said the majority of the decline appeared to be because two states were upgrading their computer systems and did not process all the...
  • Are you ready for Presidential Candidate Elizabeth Warren?

    09/08/2013 5:33:00 PM PDT · by markomalley · 49 replies
    Legal Insurrection ^ | 9/8/2013 | William A. Jacobson
    You better at least get ready. There’s a buzz being fed. Warren gave a speech to the AFL-CIO today, and the “draft Warren” talk is starting. Elizabeth Warren is totally wowing @AFLCIO convention, Wonder if she'll enter the race if Hillary, for some reason, doesn't run. #AFLCIO13— Steven Greenhouse (@greenhousenyt) September 8, 2013 @greenhousenyt Outstanding speech. I would not be surprised at all if Draft Warren groups sprung up in Iowa, New Hampshire. — Mike Conrad (@mikeconrad1) September 8, 2013 @greenhousenyt @AFLCIO DEAR GOD YES, PLEASE, YES, OMG, THAT'S WHAT NEEDS TO HAPPEN #DRAFTSENWARREN (sorry for the caps!) — Organize...
  • A No Vote on Syria may Cripple Obama's Domestic Agenda too

    09/07/2013 4:58:24 AM PDT · by Kaslin · 42 replies ^ | September 6, 2013 | Larry Kudlow
    resident Obama, speaking at the G-20 meeting in St. Petersburg on Friday, reminded me of an investment banker trying to sell a deal he doesn't believe in. And the customer knows it. Halting. Hesitant. Uncertain. Uncomfortable. That's what Obama's statement and body language had to say. On the verge of a potentially huge defeat on the Syrian question in Congress, President Obama is in a box. He's looking for a way out, but he can't find one. He's losing supporters in the legislature at home, and he didn't gain any at the G-20 summit abroad. When Obama speaks to the...
  • 90,473,000: Record Number Not in Labor Force—Up Almost 10M Under Obama

    09/07/2013 7:22:51 PM PDT · by Olog-hai · 11 replies
    Cybercast News Service ^ | September 6, 2013 - 9:42 AM | Terence P. Jeffrey
    The number of Americans who are 16 years or older and who have decided not to participate in the nation’s labor force has pushed past 90,000,000 for the first time, according to data released today by the Bureau of Labor Statistics. The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks. A person is not participating in the labor force if they are 16 or older and have not sought a job in the last four...
  • This liberal now opposes Obama

    09/02/2013 3:46:02 PM PDT · by RogerWill · 54 replies
    Quad-City Times ^ | September 1, 2013
    This liberal now opposes Obama As a liberal who voted twice for Obama, I have now reached a point of opposition to him. One of my reasons is a resentment of his having played the race card too many times. The result is that his presidency is hurting race relations. Another of my reasons is that he shows no knowledge of how to create jobs for minorities or anyone else, but he knew how to bail out the big banks, and he knew how not to prosecute any of their officials. Also, Obama expanded provisions of the Patriot Act, and...
  • GOP: Obama "choking" America's economic growth

    08/31/2013 8:20:47 PM PDT · by Innovative · 37 replies
    CBS ^ | Aug 31, 2013 | Jake Miller
    Five years of the Obama presidency have produced nothing but economic "roadblocks" that inhibit growth and job creation, Rep. Mike Fitzpatrick, R-Pa., charged in the weekly Republican address on Saturday. He accused the Obama administration of "choking the engines of our economy," singling out the health-care reform law, the administration's energy policy and the government's excessive taxing and spending as areas of particular concern. Republicans have a better plan to "simplify the tax code" and "eliminate excessive regulations," Fitzpatrick said, touting a GOP jobs plan that would break down "the government roadblocks that are hurting our economy." "People want Congress...
  • Behind the Big Increase in Food Stamps

    08/31/2013 7:34:08 AM PDT · by SeekAndFind · 15 replies
    New York Times ^ | 08/31/2013 | CASEY B. MULLIGAN
    <p>The food-stamp program spending grew primarily because of new program rules, and going back to 2007 program rules would yield significant savings for taxpayers.</p> <p>Something unusual has been happening with the food-stamp program, now known as SNAP, for Supplemental Nutrition Assistance Program. Between 2007 and 2012, spending on SNAP more than doubled, adjusting for inflation and population growth.</p>
  • Media blackout: Thousands of Americans were laid-off this week (Aug. 26-30)

    08/30/2013 7:01:42 AM PDT · by massmike · 15 replies ^ | 08/30/2013 | n/a
    Within hours of President Obama's re-election, companies both large and small across the country began announcing major layoffs, along with store and plant closings. Unfortunately, massive layoffs have become a weekly occurrence as companies begin to cope with the harsh realities of a second Obama term. Despite the false, cheery rhetoric coming from both the Obama administration and their surrogates in the mainstream press, the labor pool is smaller today than it was 30 years ago and continues to shrink. The following is a list of the companies that have announced the ten largest layoffs between Aug. 26-30:
  • Libya Oil Exports at 20 Percent of Pre-War Level

    08/30/2013 7:40:55 PM PDT · by Pan_Yan · 14 replies
    AP via ABC ^ | August 28, 2013 | ESAM MOHAMED
    Protests by the security guards who protect Libya's oil industry and infrastructure shutdowns have sent petroleum exports plunging to levels far below those prior to the 2011 war that toppled dictator Moammar Gadhafi, and the country itself risks a domestic fuel shortage, according to a high-ranking government oil official. Libya is currently exporting between 300,000 and 320,000 barrels daily, a fifth of the 1.6 million barrels it regularly exported before the war, Deputy Oil Minister Omar el-Shakmak told reporters late Tuesday. Exports are down by 50 percent compared to last week. The drop in exports mostly sent to European countries...
  • It's Official: Obama's Recovery Weaker Than Bush's Recession,

    08/23/2013 5:16:40 PM PDT · by Kaslin · 8 replies
    Rush ^ | August 23, 2013 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: The economic news. "Incomes Have Dropped..." Get this now, this is from the Weekly Standard. Listen carefully to this. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession." According to Obama and the official recession agency out there... the recession ended in 2009, and that's when the recovery began. But -- as you know and I know -- there hasn't been a recovery, but in official Washington vernacular the recovery from the Bush recession began in June of 2009. This is a powerful statistic. Incomes have dropped twice as much during Obama's recovery...
  • CNN Never Mentions 'Obama' in Article on Joblessness

    08/15/2013 9:05:20 AM PDT · by Kaslin · 18 replies ^ | August 15, 2013 | Larry Elder
    The headline at CNN Money was, "Why America's Youth Aren't Finding Jobs." If you expected an analysis of how and why President Barack Obama's policies hurt the job market for the young, think again. Believe it or not, CNN wrote a piece, supposedly explaining the tight job market, without using the following words: Obama, Obama administration, taxes, regulations, "stimulus" program or, of course, ObamaCare. Stunning. Apparently, CNN believes the country has been on autopilot for the last five years, with policy decisions by the White House having no effect, for good or for ill. Since CNN will not, let's examine...
  • When Will They See That This Is One Bad Recovery? (When The LSM Reports The Truth)

    08/08/2013 8:54:08 AM PDT · by Kaslin · 8 replies ^ | August 8, 2013 | Larry Elder
    How's the left-wing, ivory-tower, we-know-best elitist Obamanomics working for you? Here's the news. First-quarter gross domestic product numbers for 2013 were recently revised -- downward from 1.8 percent to 1.1 percent. For perspective, four years into the recovery from the last deep recession in '81-'82, the economy grew at 4.1 percent. What about the declining "labor force participation rate"? This counts the percentage of civilians 16 years and older working or actively looking for work. When President Barack Obama took office, the labor force participation rate was 65.7. Today it is 63.4, up 0.1 from April's 34-year low. Frustrated, many...
  • Walmart Needles The Nation About Low-Wage Intern Jobs, Hilarity Ensues

    08/08/2013 1:31:38 PM PDT · by Squawk 8888 · 29 replies
    Reason ^ | August 8, 2013 | Katherine Mangu-Ward
    Jobs at Walmart don't pay a lot. Someone at The Nation recently noticed this, and decided to make up a new hourly wage for workers at the mega-uber-superstore chain—$12/hour—and declare their desire to see this wage implemented in an open letter to the CEO. The retail company has issued reams of press releases, funded and touted economic studies, taken to the airwaves, and made other serious efforts to address the criticisms about their compensation practices over the years. But it looks like someone in Bentonville finally snapped: Steven Restivo, a Walmart senior director of communications, sent out a email yesterday...
  • “Mister President where are the jobs?” and other screeches from Nancy Pelosi

    08/08/2013 8:57:16 AM PDT · by Oldpuppymax · 10 replies
    Coach is Right ^ | 8/8/13 | Kevin "Coach" Collins
    “Mister President where are the jobs?” Remember when Nancy Pelosi incessantly screeched that phrase over and over during the George W. Bush administration? We haven’t heard her whining like this or using the companion phrase “hamburger flipper jobs” very much lately have we? If Pelosi said these things today she would look even dumber than she did the first time because Democrat Barack Obama’s job production numbers are embarrassingly poor compared to those of the leading Republican president of our time Ronald Reagan. Each month brings us terribly weak job production from Obama. During his first term in office Obama...
  • Analysis: Obama's economic speeches pound Republicans

    08/07/2013 8:54:03 AM PDT · by Oldeconomybuyer · 23 replies
    Reuters ^ | August 7, 2013 | By Steve Holland
    The economic policy speeches President Barack Obama has been delivering in recent weeks are turning out to be blunt attacks on Republicans, with an eye toward coming fiscal battles and the 2014 congressional elections. By obstructing his proposals, Republicans are hurting the nation's "most vulnerable children," Obama said, along with farmers, the military, home-buyers, middle-class job seekers, immigrants and businesses seeking to hire immigrants. Dave Wasserman, an expert on House races at the non-partisan Cook Political Report, said he could not see how Democrats can pick up House seats in 2014, but that Obama has to make an effort to...
  • States Where It Is Hardest To Find Full-Time Work

    08/07/2013 8:57:20 AM PDT · by SeekAndFind · 19 replies
    Wall Street 24X7 ^ | 08/07/2013
    Source: Thinkstock As the nation continues to recover from the recession, not only is the unemployment rate down, but the underemployment rate — an important measure of the health of the job market — has been slowly declining as well.In 2012, 14.7% of all people in the workforce either had no job, were too discouraged to go looking, or were not working as much as they wanted. Through the 12 months ending mid-2013, this figure had fallen slightly to 14.3%. But in many states, underemployment remains persistently high. These are the states where it is hardest to find full-time work.Click...
  • Obama Economy is Groundhog Day

    08/07/2013 12:40:25 PM PDT · by SeekAndFind · 3 replies
    Townhall ^ | 08/06/2013 | Wayne Allyn Root
    Have you seen the latest economic indicators? I mean the ones not manipulated by the Obama administration or the mainstream media. Wall Street may be flying high, but on Main Street it looks more like Detroit every day. If you think Obama has solutions to turn it around, I've got a bridge to sell Detroit. The biggest city to ever go bankrupt, Detroit, has been run by Democrats since 1962. That's over half a century of 100% Democrat rule, using the exact same policies as Obama. The city is now in ruins. Detroit leads the nation in illiteracy, welfare,...
  • If McDonalds Must $15 an hr. everyone will get fired & profits will soar!

    08/06/2013 5:07:41 PM PDT · by big bad easter bunny · 101 replies
    I know the restaurant biz very well, I can give you a very good prediction on what would happen if employees at McDonalds must be paid $15 an hour; The first thing that will happen is all the low skilled, non management people will be fired and replaced by line cooks with 3 plus years experience and newly graduated culinary students. If an owner has too pay twice the regular wage, he is only going to hire much more experienced people for obvious reasons. One of the highest costs in the restaurant business is training employees, especially fast food, most...
  • Temp Nation

    08/05/2013 3:24:56 PM PDT · by rightwingerpatriot · 2 replies ^ | August 5, 2013 | RightWingPatriot
    The progressive assault on the American way of life continues under Obama and his anti-capitalist cronies. The latest job numbers continues to show their progress in reducing working Americans into full-time serfs of the State, bereft of individual liberty or choice. While the media lapdogs are proclaiming that the recovery is still going strong and that nearly 200,000 jobs were created in July, the real numbers tell a starkly different story. First, the 200,000 jobs doesn't even keep ahead of population growth. Even some liberal economists (which are a rare species) admit that actual recovery is 350,000 to 500,000 new...
  • Obamacare: Too BAD To Fail (Soylent "Green" Surfaces)

    08/05/2013 2:26:45 PM PDT · by whitedog57 · 8 replies
    Confounded Interest ^ | 08/05/2013 | Anthony B. Sanders
    How bad is Obamacare? SO BAD that the Administration unilaterally delayed until 2015 the enforcement of a requirement for businesses to provide workers health insurance under the Affordable Care Act. And SO BAD that the Administration unilaterally exempted Congress from the higher insurance plan costs. And SO BAD that labor unions are angry about the insurance costs after their exemption goes away. And SO BAD that the enforcement arm of Obamacare, the US Treasury and IRS, don’t want to be in the exchanges. And SO BAD that an Obamacare rally in Centreville, VA had 1 person attend. And SO BAD...
  • Small Businesses Can't Avoid ObamaCare by Switching to Part-Time Workers

    08/05/2013 2:16:45 PM PDT · by ColdOne · 60 replies ^ | 8/5/13 | Dr. Susan Berry
    Keeping in mind that, under ObamaCare, a “full-time” work week is only 30 hours, the SBA website provides an example: Company X has 40 full-time employees working 40 hours per week, along with 20 part-time employees working 15 hours per week. The 20 part-time employees are counted as 10 full-time equivalent employees. Company X has 50 full-time employees and is subject to the employer shared responsibility provisions. The rules are a “problem for employers at the margin” of 50 full-time workers, said Edmund F. Haisimaier of the Heritage Foundation. In addition, the mandates include seasonal employees, so even if a...
  • Obama economy: Part-time jobs swamp full-time jobs

    08/05/2013 1:19:57 PM PDT · by matt04 · 12 replies
    House Republicans have crunched the numbers and say that since President Obama took office, the economy has added seven times more part-time jobs than it has created full-time jobs. Since January 2009 the country has added a net total of 270,000 full-time jobs, but it has added 1.9 million part-time jobs, according to the House Ways and Means Committee.
  • 40 Percent Of U.S. Workers Make Less Than What A Full-Time Minimum Wage Worker Made In 1968

    08/05/2013 1:06:53 PM PDT · by SeekAndFind · 27 replies
    TEC ^ | 08/05/2013 | Michael Snyder
    Are American workers paid enough? That is a topic that is endlessly debated all across this great land of ours. Unfortunately, what pretty much everyone can agree on is that American workers are not making as much as they used to after you account for inflation. Back in 1968, the minimum wage in the United States was $1.60 an hour. That sounds very small, but after you account for inflation a very different picture emerges. Using the inflation calculator that the Bureau of Labor Statistics provides, $1.60 in 1968 is equivalent to $10.74 today. And of course the official government...
  • Crumbling American Dreams

    08/05/2013 10:53:47 AM PDT · by Hojczyk · 22 replies
    The New York Times ^ | AUG 3,2013 | ROBERT D. PUTNAM
    <p>My hometown — Port Clinton, Ohio, population 6,050 — was in the 1950s a passable embodiment of the American dream, a place that offered decent opportunity for the children of bankers and factory workers alike.</p> <p>But a half-century later, wealthy kids park BMW convertibles in the Port Clinton High School lot next to decrepit “junkers” in which homeless classmates live. The American dream has morphed into a split-screen American nightmare. And the story of this small town, and the divergent destinies of its children, turns out to be sadly representative of America.</p>
  • AP Reluctantly 'Discovers' Trend Towards Part-Time and Lower-Paid Work -- Years Late

    08/03/2013 10:26:22 PM PDT · by grundle · 7 replies
    Newsbusters ^ | August 3, 2013 | Tom Blumer
    In this case, the old saying, "Better late than never" really shouldn't apply. In June, when the government's Household Survey used to determine the unemployment rate reported that there were 240,000 fewer full-time workers and 360,000 more part-time workers than there were in May, the establishment press, particularly the Associated Press, largely ignored or downplayed the result. The AP's Christopher Rugaber broke the ice a bit in early July after June's jobs report, and the wire service has finally gone full-bore into noting the trend towards part-time work in the past two days. But while the press slept for months,...
  • Unemployment Climbs to 9.4% Among Hispanics; Double What It Was 7 Yrs Ago

    08/03/2013 9:13:38 AM PDT · by Jim Robinson · 23 replies
    CNSNews ^ | Aug 2, 2013 | By Terence P. Jeffrey
    ( - Unemployment among American Hispanics climbed to 9.4 percent in July, up from 9.1 percent in May and June, and 9.0 percent in April, according to data released today by the Bureau of Labor Statistics. During President Obama's time in office, the number of American Hispanics who are unemployed has increased 161,000--rising from 2,205,000 in January 2009 to 2,366,000 in July 2013. BLS defines a person as unemployed if they are 16 years or older and do not have a job, but have actively sought one in the last four weeks. The Hispanic community has been hit harder by...
  • After One Full Term of Obama… 4 of 5 American Adults Face Near-Poverty & No Work

    07/28/2013 12:15:23 PM PDT · by 2ndDivisionVet · 90 replies
    Gateway Pundit / The Associated Press ^ | July 28, 2013 | Jim Hoft
    Worst. President. Ever. After four-and-a-half years of Obama four of five American adults sturggle with joblessness and near-poverty conditions.The AP reported: Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.....
  • The Obama Presidency disintegrates

    07/29/2013 11:06:33 AM PDT · by Starman417 · 45 replies
    Flopping Aces ^ | 07-29-13 | DrJohn
    Glenn Reynolds said that the worse Barack Obama performed the blacker he would get. That is true, but it's also true that the worse Obama performs the more his inner Karl Marx bleeds through and Obama's real character is on full display right now. Gimme what you got And think for a moment about how Obama is framing his economic speeches. The core of what he’s trying to do, he said at Knox College in Illinois Wednesday, is not to make the economy better or create jobs. It’s to eliminate inequality. So in many ways, the trends that I spoke...
  • President Obama Threatens America: “We’re Not Done Yet”

    07/28/2013 7:13:29 AM PDT · by Kaslin · 22 replies ^ | July 28, 2013 | Daniel J. Mitchell
    <p>But I want to make a serious point.</p> <p>For those of us who want the prosperity and liberty made possible by smaller government and free markets, it would be ideal if the President actually did think his work was done. If that was the case, presumably he wouldn’t propose new schemes to expand the size and scope of the public sector.</p>
  • Exclusive: 4 in 5 in US face near-poverty, no work

    07/28/2013 7:02:14 AM PDT · by upchuck · 64 replies
    AP ^ | Sunday, July 28, 2013 | HOPE YEN
    ... Hardship is particularly on the rise among whites, based on several measures. Pessimism among that racial group about their families' economic futures has climbed to the highest point since at least 1987. In the most recent AP-GfK poll, 63 percent of whites called the economy "poor." ... More than 19 million whites fall below the poverty line of $23,021 for a family of four, accounting for more than 41 percent of the nation's destitute, nearly double the number of poor blacks.
  • Analysis: Intangible investments cast U.S. economy in brighter light

    07/28/2013 5:53:07 AM PDT · by Oldeconomybuyer · 15 replies
    Reuters ^ | July 28, 2013 | By Jason Lange
    As many a former factory worker can attest, U.S. companies have invested so heavily in technology that some plants now practically run themselves. This illustrate a rethinking under way on how to measure economic output, a discussion that is leading to an overhaul of government data this week that will show the U.S. economy is a bit larger than previously thought. This will change on Wednesday when the Commerce Department releases decades of revised data that will include R&D as a category of investment. Under the new framework, R&D added about $300 billion to GDP in 2010. This could give...
  • The ever-receding recovery

    02/24/2013 3:38:44 AM PST · by ExxonPatrolUs · 10 replies
    The Economist ^ | 2!22 | P.W.
    A WEEK after official figures showed a steep fall in euro-zone output in late 2012 the European Commission (EC) has added to the gloom by unveiling some gloomy forecasts for 2013. Three months ago the EC envisaged a modest recovery getting under way in the first half of this year. Now that is not expected until the second half of 2013. The lower starting-point for GDP and the delay in the recovery mean that the picture for 2013 as a whole now looks bleaker. Last November the EC expected the euro area to grow this year though barely, by just...
  • Obamanomics And The Jewish Deli Dilemma

    02/24/2013 4:01:18 AM PST · by Kaslin · 46 replies ^ | February 24, 2013 | Austin Hill
    Did you hear the big news from the world of small business? Jewish delis are closing in both Los Angeles, and New York City. The trend has been a long time in the making, especially in New York City where Jewish delis’s used to number in the thousands and now total less than one hundred. Yet the Los Angeles Times reported this “news” just this past week, and the details that the report included – and the details that were ignored– point to some far greater problems. The article, written by Journalist Tiffany Hsu, notes that the decline of the...