Gas prices up again, Obama energy policies kill jobs hurt Americans already hurting from economy, Part time job economy, Higher gas prices raise other prices
“Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”…Barack Obama
“Canada has outperformed the U.S. since then. In 2010, according to the International Monetary Fund, Canada grew at 3.2% versus 2.9% in the U.S. In 2011, the IMF estimates Canada will grow at 2.9%; unemployment is now 7.3%. The IMF’s U.S. growth forecast is 2.5% this year, and U.S. unemployment is 9.1%.
One explanation for Canada’s more robust growth is its strong commitment to energy, which has become more valuable in U.S. dollar terms under Federal Reserve Chairman Ben Bernanke’s inflationary policies. Alberta is now producing two million barrels per day but expects that number will grow to four to five million within a decade.”…Wall Street Journal Sept. 12, 2011
“For the first time in recent history, the average Canadian is richer than the average American, according to a report cited in Toronto’s Globe and Mail.
And not just by a little. Currently, the average Canadian household is more than $40,000 richer than the average American household. The net worth of the average Canadian household in 2011 was $363,202, compared to around $320,000 for Americans.”…US News July 18, 2012
Gas prices are rising again in a hurting economy, with high unemployment, more part time jobs and many folks who have lost unemployment benefits.
From The Washington Times July 9, 2013.
“New U.S. economy: Part-time and temp job markets explode”
“The new economic reality in the United States is this: The workforce has shifted from full-timers to part-timers.
On top of that, more Americans receive food stamps than work full time, Fox News reported.
The Bureau of Labor Statistics found that an estimated 28 million peolpe in America now work at part-time jobs. And as the Washington Examiner noted, a record level of workers in the nation now hold temporary positions — about 2.7 million — that are obtained through a job placement service.
The American Staffing Association reported that in the first quarter of 2013 staffing agencies employed about 2 percent of non-farm workers in the nation. That’s up by 2.9 percent from the similar quarter in 2012. And comparing June 2013 with June 2012, the number of Americans working at positions obtained through temp agencies jumped 6.7 percent.
“Nearly one-fifth of all jobs gained since the recession ended have been temporary,” said Ashe Schow in the Examiner report.
At the same time, full-time jobs decreased by 240,000 positions.”
From Market Watch July 12, 2013.
“More pain at the pump coming up, AAA says”
“Gasoline prices have jumped the most in one day in five months, with the average retail price up nearly 10 cents in a week.
Prices spiked 3.2 cents overnight, the most since mid-February, travel and leisure group AAA said.
There’s no relief is in sight. A spokesman for AAA said average prices could increase another 10 cents to 15 cents a gallon as rising gasoline futures prices catch up with consumers at the pump.
Several incidents at refineries across the nation, at a time crude-oil prices are on the rise, plus continued summer driving demand have pushed gasoline retail prices higher, AAA said.”