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Obama Economic Recovery
Is As Bad As It Appears
Investor's Business Daily, by John Merline
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Original Article
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Posted By:RustMB, 10/25/2012 8:36:39 AM
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| In a previously off-the-record interview with the Des Moines Register, President Obama argued that the economic recovery he's overseen isn't as bad as his Republican opponent, Mitt Romney, claims. "In many ways, because of the actions we took early on, we're actually ahead of pace in the typical recovery out of a recession like this," Obama said.[snip] But the data are clear that Obama's economic recovery — which started in June 2009, five months after he was sworn in — has been worse than any recovery since the Great Depression.
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Reply 1 - Posted by:
rabbit, 10/25/2012 8:40:48 AM (No. 8960289)
Obama said he had trouble with 7th grade math, which would explain why he can't understand basic economics. His problem isn't his lack of math skills, but rather his refusal to listen to anyone who does understand the math. The economy is indeed as bad as it appears.
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Reply 2 - Posted by:
Stopstoreload, 10/25/2012 8:53:55 AM (No. 8960339)
The administration has exacerbated the recession by standing astride the hiring process; threatening employers with higher taxes, higher energy costs, higher medical plan costs, more EPA regulations and union favoritism.
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Reply 3 - Posted by:
janylou, 10/25/2012 9:19:28 AM (No. 8960435)
They updated the first time unemployment numbers for last week to almost 400,000. Tell me we are recovering?!!
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Reply 4 - Posted by:
Aunt Agnes, 10/25/2012 9:25:22 AM (No. 8960450)
Just two little things I noticed yesterday - I was in a large grocery store & in the bakery dept. the day-old corner was SWAMPED with shoppers trying to save a little money on bakery items. If the economy is so great, why are people trying so hard to save a few cents on bread? There were also a couple of shelves where an item was not even available - that usually means a n extreme couponer got everything. Also, while driving I've really begun to notice the signs in people's yards. ALL of them are Rpmney/Ryan signs. I've seen only one BO sticker on a car - no yard signs.
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Reply 5 - Posted by:
country boy, 10/25/2012 9:43:24 AM (No. 8960510)
The obama recovery is actually worse than people say. The government is borrowing money to get people hired. No business does that. No, successful businesses hire people from cash flow, from existing successful business.
Next year, recession is highly likely, no matter who wins.
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Reply 6 - Posted by:
Robinsolana, 10/25/2012 10:28:20 AM (No. 8960669)
The Obama recovery is dramatically worse than any since the Great Depression.
Jobs have gone down and just stayed down.
Obama has put us on the path to the 'lost decade'.
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Reply 7 - Posted by:
Mr. Know-It-All, 10/25/2012 11:25:47 AM (No. 8960852)
You may be correct #7, but perhaps all the pent up business activity that has been kept in check by the threats of increasing taxes from the oblamer regime will be unleashed next year, bucking the trend. We sure don't need another dumbocrat takeover of congress in two years.
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Below, you will find ...
Most Recent Articles posted by "RustMB"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "RustMB"
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Local Governments Reeling
Under ObamaCare Costs
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 6/19/2013 8:10:50 AM
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When Regal Entertainment Group in April blamed ObamaCare for the fact that it was cutting some of its workers’ hours, backers of the law mounted a furious backlash against the theater chain, among other things filling its Facebook page with boycott threats. “Greed and selfishness make me sick,” one of them said. [snip] Yet while private companies are getting all this unwelcome and hostile attention, local governments across the country have been quietly doing exactly the same thing — cutting part-time hours specifically so they can skirt ObamaCare’s costly employer mandate
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Senate Just Proved
It Can´t Be Trusted
On Border Security
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 6/19/2013 7:30:10 AM
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Immigration Reform: The Senate on Tuesday voted against tough border security measures that it promised to put in place years ago. Tell us again why we should trust them to secure the borders later after granting amnesty first. In a pair of votes, the Senate turned down a border fence it promised to build seven years ago and a biometric entry-exit system it promised to put in place 17 years ago. The history of these previous efforts to secure the nation´s borders is illuminating.
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Obama Recovery: Still 7.6 Million
Jobs Below Average
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 6/7/2013 11:52:14 AM
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Although somewhat better than expected, the 175,000 net jobs created in May continues the historically tepid jobs growth trend that has come to characterize the now four-year old economic recovery. The result has been continued high unemployment, a vast pool of long-term jobless, and unprecedented number of people who´ve dropped out of the labor force. Highlighting the weakness of the May report is the fact that the number of unemployed climbed by nearly the same amount as jobs created — 101,000 — nudging the unemployment rate up to 7.6%.
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Think ObamaCare Is Unpopular Now?
Wait Until Next Year
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 6/7/2013 7:14:59 AM
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Health Reform: Months before ObamaCare takes full effect, its popularity has hit an all-time low. And that´s before the public experiences firsthand the many ill effects it will impose on the nation´s health care system. Shortly before Democrats rammed ObamaCare through Congress, President Obama´s pollster, Joel Benenson, wrote in the Washington Post that "once reform passes, the tangible benefits Americans will realize will trump the fear-mongering rhetoric opponents are stoking today." Not quite.
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Tax Breaks Don´t Unfairly
Benefit The Wealthy
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 5/31/2013 7:29:23 AM
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A new Congressional Budget Office report shows that the rich get most of the benefit from various deductions and credits in the tax code, music to the ears of the soak-the-rich crowd. But since the wealthy pay nearly all the nation´s income taxes, this is hardly a sign of unfairness. According to the CBO report, the government "spends" about $900 billion through deductions, exclusions, special tax rates and tax credits, with more than half going to the wealthiest 20% of households, while just 8% goes to the bottom fifth.
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Are ObamaCare´s ´Markets´
Doomed To Fail?
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/24/2013 7:55:58 AM
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Industrial Policy: What if government created an insurance "marketplace" and no one came? As the launch of the ObamaCare insurance exchanges draws near, that could happen — bringing the reform crashing to the ground. The premise of ObamaCare´s exchanges was that they would provide individuals and small businesses a choice of many competing health plans. And because the plans all have to provide the same benefits, consumers would be able to shop around for the best deal. But evidence is piling up that the law won´t live up to this promise,
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Texas, Red States Beat Blue
States On Jobs, Growth
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 5/23/2013 8:10:15 AM
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Texas outperformed every other state in the nation on jobs and growth over the past decade, according to the latest annual report on state economic performance released Thursday by the American Legislative Exchange Council. Michigan came in dead last. The rankings are based on state GDP growth, population shifts, and changes in non-farm payroll jobs between 2001 and 2011. The ALEC report also finds that Utah has the best economic outlook this year, and Vermont the worst.
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CBO: Obama Vastly Exaggerated
Deficit Cuts In Budget
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 5/17/2013 5:57:35 PM
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President Obama vastly exaggerated the spending cuts and deficit reduction his budget plan would produce, while dramatically undercounting the level of tax hikes, according to a Congressional Budget Office analysis of his budget released Friday. When Obama put out his budget in mid-April he said that it "will reduce our deficits by nearly another $2 trillion," and "does so in a balanced and responsible way, a way that most Americans prefer." But the CBO report finds that Obama´s budget will cut 10-year deficits by just $1.1 trillion, with annual deficits starting to rise again after 2017.
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IRS Lies About Tax Scandal
Continue To Mount
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/17/2013 7:25:21 AM
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Like everything else the IRS has said about the tax scandal, its explanation for why it ended up targeting conservative groups turns out to be completely false. Which raises the question: Why are IRS officials trying so desperately to hide what really went on? Ever since the tax scandal broke, top IRS officials have insisted that the reason it started singling out conservative groups for extra review was because the agency was getting a flood of tax-exempt applications. In an op-ed for USA Today, for example, Steven Miller
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The Texas Economic Lesson
Obama Refuses To Learn
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 5/10/2013 7:05:34 AM
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President Obama went to Texas on Thursday to kick off a nationwide tour pushing his economic policies, apparently unaware that Texas has thrived the past four years by doing pretty much the opposite of what Obama has prescribed. Since taking office, Obama has pushed more government as the way to get the economy moving. He dramatically boosted spending, imposed massive amounts of new regulations, ran enormous deficits, and has imposed more than $1 trillion in tax hikes.
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Proof That ObamaCare Will
Fuel Health Care Inflation
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/8/2013 9:06:46 AM
Post Reply
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Health Costs: Americans were promised that ObamaCare would make their health care more affordable. But a pair of studies show the new system has done nothing to lower health costs and will sharply raise them. Between 2009 and 2011, U.S. health spending rose just 3.9% a year, the lowest annual gains in decades. The Obama administration was quick to claim credit for the slowdown, with Health and Human Services Secretary Kathleen Sebelius saying ObamaCare had "contributed to the slowest sustained growth in health spending in 50 years."
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The ObamaCare Train
Wreck Is Already Here
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/7/2013 9:27:46 AM
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Medical Overhaul: Democrats fret about a "train wreck" when ObamaCare goes into effect next year. But the law is already a disaster for workers who´ve seen their hours and benefits cut as employers try to avoid its costs. As IBD´s Jed Graham reported late last week, government data clearly show that businesses are already cutting worker hours and benefits in advance of ObamaCare´s employer mandate, under which every business with 50 or more full-time workers will have to provide government-approved insurance.
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Most Active Articles (last 48 hours)
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TWA Flight 800 investigators break silence
in new documentary, claim original
conclusion about cause of crash is wrong
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FOX News, by Staff
Original Article
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Posted By: smcchk- 6/19/2013 12:41:02 AM
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A group of whistleblowers, including a number of aviation experts, have come forward in a new documentary to claim that the official explanation for the crash of TWA Flight 800 was wrong and a gas tank explosion did not bring down the flight off the coast of Long Island 17 years ago. However, the six whistleblowers, all part of the original investigation team, stopped short of saying the plane was shot down. Flight 800, a Boeing 747, had just taken off from JFK airport with 230 people aboard on July 17, 1996 enroute to Paris when it exploded
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Benghazi Whistleblower Lawyer Says
Joint Chief’s Chairman Lied to Congress
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Cybercast News Service, by Fred Lucas
Original Article
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Posted By: KarenJ1- 6/18/2013 8:06:14 PM
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An attorney whose firm represents two Benghazi whistleblowers said Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, lied to the Senate when he said there was never a “stand down” order during the Benghazi attack on Sept. 11, 2012. “What was fascinating is that he explained his lie to them,” Joe DiGenova, an attorney representing one of the whistleblowers, told CNSNews.com. “He actually said they were sent to Tripoli. They were needed in Benghazi,” said DiGenova, a former U.S. attorney, now with the Washington firm of DiGenova & Toensing.
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Edward Snowden Is In The
Process Of Destroying Any Support
And Sympathy He Has Built Up
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Business Insider, by Brett LoGiurato
Original Article
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Posted By: StormCnter- 6/18/2013 5:34:23 AM
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Amid a steady rise of backlash, Edward Snowden, the 29-year-old former National Security Agency contractor who was the source of a spring of leaks about the agency´s surveillance methods, conducted a live chat on The Guardian´s website Monday morning. Judging from some of the pointed questions he´s been asked and the reaction to newly leaked revelations over the past few days, it´s clear that much of the sympathy and support Snowden had built up for his early exposures is eroding. Many Americans supported his decision to leak information about a pair of National Security Agency surveillance programs, which, he detailed, gathered information
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Barbara Walters Defends Maher
Calling Trig Palin Retarded:
‘I Don´t Think He Intended
it to be Mean-Spirited’
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Newsbusters, by John Nolte
Original Article
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Posted By: JoniTx- 6/17/2013 5:19:02 PM
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As NewsBusters reported last week, former Alaska Governor Sarah Palin called out vulgarian comedian Bill Maher for referring to her Down Syndrome son Trig as "retarded." On ABC´s The View Monday, co-host Barbara Walters astonishingly defended Maher saying, "I don´t think he intended it to be mean-spirited" (video follows with transcript and commentary): WHOOPI GOLDBERG: At a recent standup show in Las Vegas, comedian Bill Maher apparently called Sarah Palin’s five-year-old developmentally-challenged son Trig retarded. And Sarah blasted him on Twitter as a bully. Is that, is it, is he a bully? Is he a bad, what is he?
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Jeb Bush labels conservative
critics ‘the chirpers’
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Washington Post, by Aaron Blake
Original Article
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Posted By: KarenJ1- 6/17/2013 1:22:30 PM
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Jeb Bush says he’s not worried that his work toward comprehensive immigration reform and his ties to the GOP establishment will alienate conservatives and negatively impact a potential 2016 presidential campaign, referring to critics as “the chirpers.” “If I decide to run for office again, it will be based on what I believe, and it will be based on my record,” the former Florida governor said in an interview with the Christian Broadcasting Network’s David Brody. “And that record was one of solving problems completely from a conservative prospective.” Bush (R) pointed to his conservative
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Obama: You Can´t Fathom
´Complexities´ of Syria
Policy ´If You Haven´t Been
in Situation Room´
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Weekly Standard, by Daniel Halper
Original Article
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Posted By: Desert Fox- 6/18/2013 5:30:04 PM
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Charlie Rose last night asked President Obama his new Syria policy. The president first objected to it being called a new policy. "I´m not sure you can characterize this as a new policy. This is consistent with the policy that I´ve had throughout," he said. Obama then explained the goal is regional stability, and especially in Syria. "Really, what we´re trying to do is take sides against extremists of all sorts and in favor of people who are in favor of moderation, tolerance, representative government, and over the long-term, stability and prosperity for the people of Syria," said Obama.
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The IRS Immigration Fraud Scandal
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American Spectator, by Jeffrey Lord
Original Article
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Posted By: KarenJ1- 6/18/2013 10:37:24 AM
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Marco Rubio. Paul Ryan. The IRS. Illegal immigration. And fraud to the tune of billions.. Now there’s a combustible mix. Let’s start with the IRS, illegal immigration and fraud. We’ll come back in a minute to Senator Rubio and Congressman Ryan. For those who came in late, a year before the IRS scandals burst onto the scene in early May of 2013, an alert investigative reporter for WTHR-Indianapolis (Channel 13), Bob Segall by name, produced a stunning piece of journalism. Segall’s video report is found here and we will quote from his story for the basics.
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Obama assassination bid fears -
aircraft carriers on standby off
Irish coast during G8 summit
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Belfast Telegraph [Ireland], by Staff
Original Article
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Posted By: SoCalGal- 6/17/2013 11:39:01 PM
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It is understood that a contingency plan is in place for the unlikely event that an attempt would be made on the President’s life. The Secret Service also have diplomatic immunity which will allow them to shoot to kill a would-be assassin without fear of prosecution. As part of the “evacuation route” plan, they would be able to spirit the President by chopper to one of the carriers where a jet is on standby to take him back to the United States.
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Bill Ayers: Obama Presidency Gets
‘Failing Grade,’ He Should Be
Tried For ‘War Crimes’
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Mediaite, by Andrew Kirell
Original Article
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Posted By: KarenJ1- 6/18/2013 2:20:06 PM
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Bill Ayers believes President Obama gets a “failing grade” for his presidency, and should be tried for “war crimes,” along with all living presidents who have engaged in acts of “terrorism” abroad. Sitting down for an episode of RealClearPolitics’ “Morning Commute,” Ayers told host Charlie Stone that, on policy, Obama receives a “failing grade” along with the “F-minuses” he’s given previous presidents like George W. Bush and Richard Nixon. “I don’t think he’s let anybody down,” Ayers added, pointing to how during the 2008 presidential campaign then-Senator Obama consistently declared himself to be a “middle-of-the-road, pragmatic politician.”
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Obama girls look less than thrilled
by museum trip in Dublin as
the first family visit Ireland
for the G8 summit
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Daily Mail [UK], by Jill Reilly, Louise Boyle
Original Article
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Posted By: Attercliffe- 6/17/2013 2:43:03 PM
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The Obama girls appeared to have perked up on their trip to Dublin as they pulled a series of wacky faces during a performance of Riverdance. Malia, 14, and Sasha, 11, had looked less than enthralled earlier on Monday as they toured the historic Book of Kells with their mother at Trinity College in the capital. However the First Lady and her daughters were having a roaring good time as they sat among schoolchildren at Dublin´s Gaiety Theatre, pulling cross-eyed expressions as students surreptitiously snapped them with camera phones. The President, his wife and daughters touched down in Belfast amid
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Obama on NSA programs: Americans
"not getting the complete story"
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CBS News, by Lindsey Boerma
Original Article
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Posted By: NorthernDog- 6/17/2013 11:37:19 PM
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Americans outraged by leaked information about two top-secret government surveillance programs are "not getting the complete story," President Obama told Charlie Rose in a PBS interview recorded Sunday for air Monday night - and the intelligence community is working on filling in the holes. One "legitimate critique" of the National Security Agency programs designed to track suspected terrorists by culling U.S. phone records and mining data from the servers of major Internet companies, the president conceded, is that because they´re classified, "the public may not fully" understand them. "That can make the public kind of nervous, right?"
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