For those who would see recovery in current economic data, there are these facts to ponder. The first is that most of the decline in the unemployment rate has been a result not of more people working, but of more people leaving the labor force. In November, unemployment went down to 7.7 from 7.9 percent in October, the lowest unemployment rate since late 2008. But at the same time unemployment declined, so did labor force participation--which fell to 63.6 in November from 63.8 percent in October. Half a million Americans have left the labor market in recent months.
Comments: But does anybody really expect the sycophantic media to criticize obumble and his corrupt Labor Department´s lies?
If the criteria for our social welfare were based upon what gave the poorest the most income - not what provides the smallest ratio between high and low incomes, we could crush Obama and tear down his cliffs (which are not cliffs, but stair steps into demise).
According to Keynesian economics, we should welcome disasters that can lead to the government spending even more money. Remember the magic multiplier when TARP and all the other programs were launched? Pelosi and Co. were debating whether the magic multipler was 1.3 or 1.4.
For every dollar the gubbermint would spend, the magic multiplier would turn it into $1.3 in GDP. Wow, it didn´t matter how you spent it. Give it way to fake farmers by the billions, crush perfectly good cars and give the owners money, subsidize burning our corn crop, send money to non existent entities aas part of Wreckovery Summer, food stamps, fake Medicare claims; they all grow the economy! that is why our standard of living is soaring, I guess.
"This is not economic recovery. This is long term economic stagnation."
Once again the racist Faux News is using white president standards to judge Obama. Obama has to be judged by how he has healed the planet and how he has stopped the waters from rising, and not by such petty things as stagnant GDP, sickening unemployment, increased use of food stamps, and declining family incomes. Those old measurements applied to Bush, Clinton and Reagan, and not the Messiah.
Jobs are just not that important when you can have Barack as your president. (Psst, if you do know of a job opening, let me know. I beg of you.)
We´ve known this for a while. This is one reason while NerØbama is desperate to pin blame on the Republicans, using the fiscal cliff Kabuki theater as the vehicle.
He will blame the Pubs regardless. In that case, just do what´s best for the country and not worry about the blame. Go over the cliff, and no more debt ceiling hikes or CRs. No more $$$ without a proper budget out of Dingy Harry. The military and conservatives will share the pain, but they know how to get through it. Those depending on unemployment, disability, Medicaid, AFDC, food stamps, the "Obama-stash", and "Obama-phones": not so much. This is as far as we´ll get from the next election. Plenty of time to wake up the electorate.
And people fall off the employment rolls into the loving --delete that-- into the suffocating, crushing embrace of the government, which tumesces, burgeons, foams and bubbles like the Witches´ brew into an increasingly fetid totalitarian swamp.
Fox reports on these things. This is why the Left is constantly trying to undermine with the aim of eliminating Fox.
When W was in office, the pressitutes did everything they could to talk the economy down even with the unemployment at 5%. Now with the economy tanking, they are doing everything they can to paint a rosy picture.
Thank you Fox News. I thought I was losing my mind. I was talking to my husband today about the unemployment benefits. Why are they extending the benefits when everyone is saying that the economy is improving.....the unemployment has fallen and there are jobs to be filled. I knew that something smelled. This administration is a big fraud.
Six-seven years ago, the Sunday help-wanted classifieds took up an entire eight to ten page section in the local fishwrap. These days there might be four pages and will include commercial advertisements as well. Private construction is at a near standstill, and the people who design projects for construction, engineers and architects, are hanging on by their fingernails. Yet they tell us that unemployment is below the national average. Then why do I see so many EBT cards being swiped everytime I am in line at the local supermarket? And why do ten to fifty people show up for each opening when somebody announces job fair? Its´ still true that figures lie and liars figure. Stagnation indeed.
My older sister has been out of work for about 1 year. She is 57 and was an executive secretary at a home building company for over 20 years. The company was started over 40 years ago and shut down due to the economy. Why buy a new house when there are thousands of homes in foreclosure around you.
She should be able to get a job but no one is hiring.... at least older workers.
Once we do get an actual recovery, we´ll see huge inflation caused by the wildly excessive growth in the money supply. If businesses and individuals weren´t sitting on some $5 trillion in cash, we´d be seeing 20-30% inflation.
The Great Inflation is coming. No one knows exactly when, but at this point it is unavoidable absent drastic measures such as 20% interest rates and huge, immediate budgetary cuts.
DUBAI - Iran is moving ahead with testing more efficient uranium enrichment technology, a spokesman for its atomic energy agency said on Saturday, in news that may concern world powers who last month agreed a deal to curb Tehran´s atomic activities. Spokesman Behrouz Kamalvandi was quoted by state news agency IRNA as saying that initial testing on a new generation of more sophisticated centrifuges had been completed, underlining Iran´s determination to keep refining uranium (snip) Some experts believe the IR-2m can enrich uranium 2-3 times faster than the IR-1.
OSLO - Scientists have produced hydrogen by accelerating a natural process found in rocks deep below the Earth´s surface, a short-cut that may herald the wider use of what is a clean fuel, a study showed on Sunday. Used in rockets and in battery-like fuel cells, hydrogen is being widely researched as a non-polluting fuel, but its use is so far hampered by high costs. A few hydrogen vehicles are already on the roads, such as the Honda FXC Clarity and Mercedes-Benz F-Cell, and more are planned. Researchers in France said aluminum oxide speeded up a process by which hydrogen
The Obama administration quietly finalized the Health Insurance Tax (HIT) over the Thanksgiving holiday weekend, a provision in Obamacare that will cost nearly $60 billion over the next five years and raise health care premiums by 3 percent. The final rule, published on Nov. 27, imposes a fee beginning in 2014 for health insurers with premium revenues over $25 million per year. The annual tax is levied for “United States health risks,” and is hidden from consumers since it is directly assessed on health insurance companies. David R. Burton, a senior fellow in economic policy at the Heritage Foundation, said
Three puppies were rescued from the Muslim Brotherhood before they were used as "puppy bombs" at a protest in Tahrir Square two weeks ago. The group planned to dip the dogs in gasoline and set them on fire and using them against their opponents. Robyn Urman, a pet rescuer in New Jersey with Pet ResQ Inc, was contacted by Mervat Said, an animal rescuer in Egypt, about puppies Cleopatra, Cairo, and Egypt. This is not the first time this has happened, and not all the dogs were rescued. Now Urman´s group is trying to find a loving home for the dogs. Cleo
Environmentalists have galvanized behind a movement to resurrect wolf populations in rural America. Public support, particularly from urban regions, appears to favor the idea of returning this iconic symbol of the wilderness to America’s rural landscapes. (snip)In Catron County, New Mexico, aggressive Mexican gray wolves are terrorizing residents. Here wolves are killing pets in front yards in broad daylight, and forcing parents to stand guard when children play outside. The threat has become so ominous the local school district has decided to place wolf shelters (kid cages) at school bus stops to protect school children from wolves while they wait
Sergei Lavrov said samples taken from the scene of the August 21 attack, which killed nearly 1,500 people and sparked a diplomatic crisis that saw the US face off with Russia over military intervention, matched those of an earlier incident in Aleppo in March. “Russia, at the request of the Syrian government, investigated [the March 19 incident] and the results of this investigation are broadly available to the Security Council and the public. "The main conclusion is the type of sarin used in that incident was homemade, and we also have evidence that the type of sarin used on Aug.21st
A mentally challenged Florida man who had saved up for months to purchase a copy of "Grand Theft Auto V" was robbed of the video game as he left a GameStop store this week, police report. After buying the game Tuesday afternoon, Rohan Dawkins was approached in a Delray Beach parking lot by a couple who pulled up in a car. After asking Dawkins for the time, Tommy Davis, 27, grabbed the bag containing the best-selling game, which was released this week. When Dawkins sought to retrieve the item, Adele Jones, 25, allegedly kicked and punched the 21-year-old Dawkins, according to
When I was a kid, I knew two different Santa Clauses. The first had a fat belly, rosy cheeks, a long white beard, and skin as pink as bubble gum. He was omnipresent, visiting my pre-school and the local mall, visible in all of my favorite Christmas specials. Then there was the Santa in my family’s household, in the form of ornaments, cards, and holiday figurines. A near-carbon copy of the first one—big belly, rosy cheeks, long white beard: check, check, check. But his skin was as dark as mine. Seeing two different Santas was bewildering. Eventually I asked my father what
US President Barack Obama may have moved the masses attending Nelson Mandela’s memorial service with his stirring eulogy, but it was his grinning "selfie" with the Danish and British premiers that set social networks abuzz. In a candid moment captured by a photographer, Denmark’s Prime Minister Helle Thorning-Schmidt can be seen holding up her smartphone, with Obama lending a helping hand, as they pose for a picture with David Cameron, all three of them smiling broadly in their seats at Soweto’s World Cup stadium.(Snip)Mashable, the news and technology website, ran the photograph under the headline: ‘‘Dear Obama: Funerals are no place
Johannesburg - A man who provided sign language interpretation on stage for Nelson Mandela´s memorial service, attended by scores of heads of state, was a "fake," the national director of the Deaf Federation of South Africa said on Tuesday. Asked about the claim by The Associated Press, South Africa´s government said it was preparing a statement. Three sign language experts said the man was not signing in South African or American sign languages. South African sign language covers all of the country´s 11 official languages, according to the federation. It wasn´t immediately clear if the unidentified man was using a
On his way to the podium at the memorial ceremony for former South African president Nelson Mandela, President Obama walked down the line of dignitaries, greeting other leaders there to pay their respects. Among the hands shaken: that of Cuban leader Raul Castro. Obama neither made a special effort to shake Castro’s hand nor to avoid him. A snub might have been awkward: In his speech, Obama praised Mandela’s “greatest gift” as “his recognition that we are all bound together in ways that can be invisible to the eye; that there is a oneness to humanity; that we achieve ourselves by
House Speaker John Boehner (R-Ohio) snapped at conservative groups that have come out in opposition to the budget deal reached Wednesday between Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.). "They´re using the American people for their own purposes. This is ridiculous," Boehner said at a press conference with other members of House Republican leadership on Wednesday. Over the past few days, a number of conservative groups have blasted the deal because it sets discretionary spending levels in the budget higher than previous levels under sequestration. In the past three days, the influential Heritage Action, Club for Growth, Americans
A black fashion student says he was brutally attacked by a gang of Hasidic men who shouted anti-gay slurs at him while he was walking through Williamsburg after a night of partying, the Daily News has learned. Taj Patterson, 22, was headed home to Fort Greene around 4:30 a.m. on Dec. 1 when he says more than a dozen ultra-Orthodox Jewish men began assaulting him on Flushing Ave. and yelling, “Stay down, f----t!”
A “presidential selfie” featuring President Barack Obama, British Prime Minister David Cameron, and Denmark’s Prime Minister Helle Thorning-Schmidt at Nelson Mandela’s memorial service began making the rounds this morning, but it’s the person not included in the frame who caught everyone’s attention: As anyone with two eyes and a Twitter account has noticed, Michelle Obama does not appear amused. Of course, though a picture says a thousand words, not all of those words are necessarily true. FLOTUS might not have even known the photo was taking place. Or she could disapprove of funeral selfies. Either way.