US Economy major downturn imminent?, Why Obama loves shutdown diversion, Job cuts, Record participation rate drops, Largest drop in US economic confidence since 2008

US Economy major downturn imminent?, Why Obama loves shutdown diversion, Job cuts, Record participation rate drops, Largest drop in US economic confidence since 2008

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“Rising medical costs, “combined with the costs associated with the Affordable Care Act, have made it increasingly difficult to continue providing the same level of health care benefits to our employees at an affordable cost,””…UPS memo

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

Why is Obama so wrapped up in the government shutdown controversies?

It is another great diversion from one of his many failures.

From The Economic Collapse Blog October 14, 2013.

“22 Reasons To Be Concerned About The U.S. Economy As We Head Into The Holiday Season”

“Are we on the verge of another major economic downturn? In recent weeks, most of the focus has been on our politicians in Washington, but there are lots of other reasons to be deeply alarmed about the economy as well. Economic confidence is down, retail sales figures are disappointing, job cuts are up, and American consumers are deeply struggling. Even if our politicians do everything right, there would still be a significant chance that we could be heading into tough economic times in the coming months. Our economy has been in decline for a very long time, and that decline appears to be accelerating. There aren’t enough jobs, the quality of our jobs continues to decline, our economic infrastructure is being systematically gutted, and poverty has been absolutely exploding. Things have gotten so bad that former President Jimmy Carter says that the middle class of today resembles those that were living in poverty when he was in the White House. But this process has been happening so gradually that most Americans don’t even realize what has happened. Our economy is being fundamentally transformed, and the pace of our decline is picking up speed. The following are 22 reasons to be concerned about the U.S. economy as we head into the holiday season…

#1 According to Gallup, we have just seen the largest drop in U.S. economic confidence since 2008.

#2 Retailers all over America are reporting disappointing sales figures, and many analysts are very concerned about what the holiday season will bring. The following is an excerpt from a recent Zero Hedge article…”

“#9 The number of announced job cuts in September 2013 was 19 percent higher than the number of announced job cuts in September 2012.

#10 The labor force participation rate is the lowest that it has been in 35 years.

#11 As I mentioned the other day, the labor force participation rate for men in the 18 to 24 year old age bracket is at an all-time low.

#12 Approximately one out of every four part-time workers in America is living below the poverty line.

#13 Incredibly, only 47 percent of all adults in America have a full-time job at this point.

#14 U.S. consumer delinquencies are starting to rise again.”

Read more:

http://theeconomiccollapseblog.com/archives/22-reasons-to-be-concerned-about-the-u-s-economy-as-we-head-into-the-holiday-season

Advertisements

45 responses to “US Economy major downturn imminent?, Why Obama loves shutdown diversion, Job cuts, Record participation rate drops, Largest drop in US economic confidence since 2008

  1. “The Obama administration took another hit on the glitch-ridden rollout of the new health care law, this time from former White House press secretary and top Obama adviser Robert Gibbs.

    “This is excruciatingly embarrassing for the White House and for the Department of Health and Human Services,” Gibbs said on MSNBC Monday. “This was bungled badly. This is not a server problem [where] just too many people came to the website. This is a website architecture problem.””

    http://www.theblaze.com/stories/2013/10/14/now-even-robert-gibbs-is-admitting-the-obamacare-rollout-is-excruciatingly-embarrassing/

  2. CW……
    Soon a hell of a lot of people are going to learn that NOTHING ON EARTH HAS EVER BEEN FREE,and Soetorocare is going to end up the most costly,and halfwitted adventure ever in US history……and NOTHING STILL IS FREE!

  3. Eventually all blacks in America will receive FREE healthcare,at the expense of WHITEY…..which is REDISTRIBUTION OF WEALTH,…..YOU KNOW……FUNDAMENTAL CHANGE. for those who voted twice for it ….ENJOY!

  4. …….and now WORMFACE GIBBS has resurfaced,and has stated that the healthcare rollout has been an excruciating,and embarrasing adventure. “NO SHI# DICK TRACY!” I would have to say Gibbs is a DAY LATE AND A DOLLAR SHORT. Typical of such a HORSE’S A$$.

  5. HEY MR.WORMFACE,if you don’t like pain …….DON’T PLAY WITH FIRE!

  6. How many of you heard and saw Mssssssssssssssssssssss.Boxcar,and her SPIEL. I would say that she talks like the Florida NITWIT,Msssssssssssssssssss,Corrine Brown. I rest my case. MssssssssssssssssssBoxcar my be EATING HER WORDS very SOON!. BTW since she is an “EXTREMELY CLOSE” friend of Msssssssssssssssssssss.Feinstein words are probably only appetizers on her menu.

  7. I personally believe that when ,or if the situation in America deteriorates to a point where Soetoro would attemt to declare MARTIAL LAW, that such an act would generate such a level of hostility that his MARTIAL LAW,right along with his alleged healthcare plan will BOTH be unmercifully crammed into Soetoro’s anal cavity. …..and NOBODY in their right mind will be paying any attention to the MARTIAL LAW,or the alleged healthcare plan. Instead people will be busily decorating LIVE OAK TREES.

  8. Yes oldsailor & Obamacare is one of the best examples.
    Those high deductibles are going to kick some lib ass.

  9. BYE BYE…………TIME OUT! Godbless

  10. CW…….
    One thing is very clear…….the LIBS OWN the Soetorocare. That is the ONE THING that they CANNOT PIN ON GEORGE BUSH,or anyone else. HAR HAR. When the sheer weight of it CRUSHES everything in America, the LIBS are the “DUMMIES” who WILL BE BLAMED. PURE AND SIMPLE. So to that end I hope that they continue trying to get the stupid healthcare started……..because the harder they try the quicker it will all FAIL. It is not a question of IF….rather a question of when. In my own thoughts it will collapse very soon.

  11. BYE BYE AGAIN! For real this time! Have a great day.

  12. “It’s War” !!!!! “barrycades”, return to the Memorials. http://www.youtube.com/watch?v=5KR-RtW_kVs

  13. Another angle:

    OBAMA ‘CRASHING HEALTH-CARE SITE ON PURPOSE’
    Fear that public would be terrified if people knew true cost

    (Quote)
    Obamacare officials were so worried about the reaction should Americans actually see what their health coverage will cost under the president’s signature law that they chose to set up a system that clogs up and crashes while an applicant’s eligibility for a subsidy is evaluated.

    That’s according to a report by Forbes that says Healthcare.gov forces users to create an account and enter detailed personal information before they can start shopping.

    Forbes contributor Avik Roy explains that the system creates a massive traffic bottleneck as the government verifies the information and decides whether or not the applicant is eligible for subsidies.

    Read more at http://www.wnd.com/2013/10/obama-crashing-health-care-site-on-purpose/#h9Hzhmii021rHH19.99

  14. http://www.newsmax.com/newswidget/judge-hell-shutdown-congress/2013/10/14/id/530899?promo_code=10600-1&utm_source=10600Conservative_America_Online&utm_medium=nmwidget&utm_campaign=widgetphase1

    The above article in Newsmax seems to indicate that Obama is so cutting funds to the judiciary that he could be trying to eliminate the effectiveness of that branch of government.

    This could figure into his master plan. After all, he is already trying to take over the legislative function of Congress. Many, many lawsuits are being filed in federal courts recently as a result of his asinine actions, and those cases will probably not see the light of day for months and years. One sure way for him to accomplish that is to sock more defunding to the court system.

  15. Re. my above post,
    Obama wants to go SOLO.

  16. Wish he’d go solo back to Kenya (or where ever) and leave us alone.

  17. Did anyone hear Louie Gohmert’s discussion with Mark Levin? Seemed to be saying Obama has planned this whole scenario (which I don’t doubt) to take over power of the purse from congress, by invoking some executive power.

  18. THIS IS THE BEST VIDEO OF WHO AND WHAT HAS DESTROYED OUR NATION………AND ALL OTHER NATIONS WITH A “CENTRAL BANK”

    YOU DON’T HAVE TO BE IN SHACKLES AND CHAINS TO BE A SLAVE

    America hasn’t been a nation of free citizens since before Christmas Eve of 1913…and neither has any other nation that has a “Central Banking System”….based upon the Rothschild brothers world wide banking concept of The Bank Of England……

    We are slaves and like Charles Fort once said,”we don’t even know who owns us”.

    But after watching this short easy to follow video, (the best I have seen on this subject) there will be no doubt in anyone’s mind what is wrong with the world money system, and especially that of America.

    With America 17 Trillion dollars in debt to “someone”…and all other nations equally indebted to that same “someone”…it is obvious what must be done, if the world’s money problems are ever corrected……

    And it damn sure isn’t……go borrow more money, or print more……if our elected leaders we send to Washington every year, fail to take action soon against the elephant in the room, we are doomed…and every year, we get closer and closer to that financial cliff everyone takes about, but no one wants to stop this lock-step march over it…all they want to do is kick the can on down the road…….but we are at the end of our road…

    And the politician’s handbooks does not tell them what they must do next.

    If they would only take 30 minutes and watch this short video, they would know what must be done and, done soon….otherwise we will not have long to exist as a nation…and neither does any of the other countries of the world that have a central banking system.

    I CAN THINK OF NO PROBLEM THAT PLANET EARTH CURRENTLY FACES WHICH IS MORE IMPORTANCE THAN THIS ONE…yet gets little or no attention.

    Our political leaders instead of being wise, honest. concerned … show only a fools face that is…….. deaf, dumb, and totally blind.

    But our politicians think the solution is to raise the debt celing, print more money, borrow more money, give more money away that we have just borrowed……IT IS CRIMINALLY INSANE…The Inmates are running the circus and time is running out.
    .
    God help us, we are in a perilous position and weakened by or ineffective leadership …..when the wolves come calling on us soon…we will have only the reflection of the person looking at us in the mirror to blame..

  19. SueQ | October 15, 2013 at 7:08 pm |

    Just heard it, Sue.

    Barky wants to control the purse strings; that would give him absolute power.

    Impeachment/arrest needs to happen NOW!

  20. Well we are back to the race thing again.The left is saying this is because, O is BLACK.

  21. CW,or anybody heard if we should get some money out of the bank? I’m saying this because of the Oct 17th deadline.

  22. Hi Trudy,

    Wouldn’t the left be surprised to learn that barky is white and Arab, and only a small percentage black?

    I’m not taking any dollars out of my credit union; I feel it’s all a bluff.

    While I’m here, has anyone heard anything about shutting off EBT for the month of November? Apparently, that rumor is circulating in the blogosphere and I just got it via e-mail. I think The Dear Leader would be very happy with riots, in light of what happened when the EBT system was down temporarily over the weekend.

  23. Lest we forget…some reminders:

    Obama’s Saudi Arabian Connection Exposed
    In His Own Words and Deeds

    http://www.nowtheendbegins.com/pages/obama/obama-saudi-muslim-undercover-operative.htm

  24. WZ Exclusive: USDA Warns States To Begin Withholding SNAP Benefits For November
    http://weaselzippers.us/2013/10/15/wz-exclusive-usda-warns-states-to-begin-withholding-snap-benefits-for-november/

    The United States Dept Of Agriculture is the governmental body tasked with overseeing the Supplemental Nutrition Assistance Program or “SNAP.”

    According to a memo dated Oct 11 2013 and circulated among SNAP program administrators for all states that participate, the USDA recommends they begin withholding benefits from citizens beginning in November.

    Is the US Dept of Agriculture trying to create panic among program participants as we saw previously?

  25. Thanks, Observer; that’s much the same thing I’ve been getting. The question is: Is it legit?

    I’ll be making a few phone calls in the morning to ask who’s heard what.

  26. Thanks SueK!

  27. October 15, 2013

    “Rep. Tom McClintock: Ruthless Obama Willfully Acting To Destroy; Obama’s Un-Constitutional Usurpations; Calls For Americans To Rise Up; Mark Levin Says If This Is Not A Coup What Is;”

    http://www.birtherreport.com/2013/10/rep-mcclintock-calls-for-americans-to-rise-up.html

  28. From >>> July 16, 2011

    Bob Unruh:

    “McClintock: Obama passed eligibility requirements”

    “A California congressman says voters, Congress and the courts all have cleared Barack Obama’s eligibility to be president.

    The comments come from U.S. Rep. Tom McClintock, whose e-mail to a constituent with a question about the eligibility issue was forwarded to WND.

    McClintock continued, “Currently, a candidate’s eligibility under these requirements is vetted by a number of sources, both inside the government and out. First, candidates go through an intensive political vetting process in both the primary and general election – their histories are carefully examined by their political opponents who have a vested interest in uncovering the facts. At the end of the campaigns, the voting public weighs in. Then, when all the votes have been cast and counted, it is up to Congress to certify the results. A final check-and-balance against eligibility irregularities lies with the courts, and ultimately the Supreme Court.”

    He said Obama has passed each of those standards.

    “Further, in President Obama’s case – in addition to his Hawaii birth certificate – there were two birth announcements in major Hawaii newspapers, the Honolulu Advertiser and the Star Bulletin,” he said.”

    http://www.wnd.com/index.php?fa=PAGE.view&pageId=322533
    ==============
    From >>> September 19, 2011

    “The Tea Party Event went quite well…BUT our efforts to confront two congressmen were unsuccessful. Rep. Tom McClintock actually RAN away from Orly. I guess Orly got a few words with him…but I did see him trying to keep moving away from her (plus I heckled him during his speech), and Rep. Thaddeus McCotter RAN away from me. I held my large poster in front of myself as I tried to ask McCotter questions. He read the sign and kept moving. He had a deer in the headlights look and was extremely anxious to dodge and weave his way out of the park. It really was quite pathetic. … What cowards. …”

    http://giveusliberty1776.blogspot.com/2011/09/sorry-for-delaygul-will-have-coverage.html

    http://giveusliberty1776.blogspot.com/2011/09/confronting-thaddeus-mccotter-re-obama.html

  29. From >>> August 24, 2011

    “Mark Levin: Obama Not Qualified; I Don’t Mean Constitutionally; I’ll Leave That To The Goofballs”

    http://obamareleaseyourrecords.blogspot.com/2011/08/mark-levin-obama-not-qualified-i-dont.html

  30. Good Morning CW, et. al. –

  31. http://www.nj.com/weather-guy/index.ssf/2013/10/fireball_dozens_report_seeing.html Meteorite lights up NJ sky. Personally, I’m going to take that as a good sign for Lonegan. Somebody’s going down in flames.

  32. Good morning Zach, et al.

  33. I am going to “recreate”, (as the Feds accused those who wanted to observe Yellowstone recently) at the Battle of Cedar Creek this weekend. It is a reenactment of a famous Civil War battle. I’m sure there will be lots of confederate flags flying as well as canon and gun fire….. Oh dear! But it is part of our history. And in years past, it has been quite impressive.

    Most times there are actually more enactors than spectators. These people are “hard core”, and play whatever part they are assigned, whether north or south.

    If you are anywhere in the northern VA area, you will probably not be disappointed if you attend.

    http://www.ccbf.us/spectators/cc149-schedule.html

  34. Mr. Bill(ms. helga)

    A LITTLE ALLEGORY

    In the 1957 movie “A Night To Remember” about the sinking of the Titantic, there is a scene with the Captain and the ship’s builder. They decide that since the first 5 water-tight compartment have been breached, the ship was doomed and we all know what happened. Many years later after the wreck had been found there was much speculation about what could have been done. It was determined nothing could have been done except that they could have slowed down the sinking, thus giving more time for more rescue ships to arrive. This could be done by opening the remainder compartments thereby allowing the ship to sink in a more level and slower way, giving more time to rescue more survivors. I think our Government has decided that our country is like the Titantic and they are going to spend all they can before we sink and like “rats on a sinking ship” they will grab all they can for themselves. Have a good day.

    PS – Sean Connery had a minor roll as a crewman handing out life preservers.

  35. Mr. Bill(ms. helga)

    PS – The Titantic sank in 1912 and in 1913 The Federal Reserve was created!

  36. Texas Lt. Gov. David Dewhurst calls for President Obama’s impeachment

    http://21stcenturywire.com/2013/10/15/texas-lt-gov-david-dewhurst-calls-for-president-obamas-impeachment/

  37. Dr. Jim Garrow tells me the explosive truth about the origins of Barack Hussein Obama, his parents and grandparents, and his Communist upbringing as a young Muslim child who was schooled in an Indonesian Madrassa.

    http://www.westernjournalism.com/obamas-plan-destroy-america-revealed-cia-whistleblower/

  38. Obama adviser ‘architect’ of showdown: author

    http://nypost.com/2013/10/15/obama-adviser-orchestrated-shutdown-showdown-author/

    Top Obama adviser Valerie Jarrett — dubbed “The Night Stalker” by some staff because of her close ties to the First Family — has been called the “architect” of the government shutdown showdown.

    President Obama’s top adviser Valerie Jarrett was behind a plan to force a showdown with Republicans over ObamaCare as part of a strategy to regain Democratic control of the House next year, claims author Ed Klein.

    …….White House insiders refer to Jarrett as “The Night Stalker” because she is the only presidential aide who frequently spends time in the family quarters and dines with the Obamas.

    Klein, who is conducting a research for a new Obama tome scheduled for next spring, called Jarrett the “architect” of Obama’s take-no- prisoners approach when it comes to his signature domestic policy initiative.

    It was Jarrett who advised Obama that voters would mostly blame Republicans if the federal government ground to a halt, providing a golden opportunity to swing back control of the House to Democrats in the 2014 mid-term elections, according to Klein.

    A Democratic House would give Obama an opportunity to pass immigration and other legislation blocked by the current Republican majority.

    “It was during one of those nightly sessions that Jarrett devised the no-negotiating strategy that Obama has employed in his fight with the GOP over the government shutdown,” Klein said, citing sources within the administration.

    “Valerie came up with the concept late at night, after the kids and grandma and were gone.”

    “She convinced the president that a government shutdown and default offered a great opportunity to demonize the Republicans and help the Democrats win back a majority in the House of Representatives in 2014 .

    . . Valerie also came with the idea of using the words `hostage’, and `ransom,’ and `terrorists’ against the Republicans,’” Klein said.

    Jarrett, who like the Obamas hails from Chicago, has deep ties to the president, First Lady Michelle and the extended family.

    “Everyone in the Beltway knew Valerie Jarrett was influential. They didn’t know how influential she was,” said Klein, who interviewed more than a half dozen White House and former presidential advisers about the shutdown strategy.

    “Her power derived from one simple fact — proximity, No one except Michelle Obama is closer to the president than Valerie,” Klein quoted Democratic power broker Vernon Jordan as saying. Jordan’s wife is a cousin of Jarrett.

    Jarrett is the one who advised Obama “do not cooperate one iota on ObamaCare. Don’t given an inch. Let the Republicans stew in their own juice,“ Klein said.

    “The Republicans walked into a trap set up by Valerie Jarrett and President Obama, The Republicans are in an untenable position,” he added.

    Klein said Jarrett is the conscience of the administration, “the keeper of the flame” who reminds Obama why he wanted to become president.

    “The government shutdown is about protecting ObamaCare, yes. But it’s much larger than that. It’s about the 2014 House elections,” said Klein.

    The White House had no immediate comment.

  39. Evangelist Franklin Graham says greed, lust, and wickedness are at the heart of Washington’s woes.

    In an exclusive interview with CBN News, the leader of the Billy Graham Evangelistic Association says America is in crisis because we’ve taken God out of the picture.

    “Our government is in trouble; our country is in trouble,” Franklin warned. “We are in moral decay; we are in economic decay.”

    “Our politicians don’t know right from wrong,” he continued. “And our politicians come to this city and they fight one another and it’s the greed in their hearts, the lust that’s in their hearts and they make all these rules and laws that affect the rest of us.”

    “And the government spends and spends and spends, and they don’t have the money to pay for it. But the politicians are trying to use that money to buy votes in favor for themselves. It is so greedy and so wicked and so wrong,” he charged.

    According to Graham, this is what happens when God is removed from government and the nation’s schools.

    “Isn’t it interesting,” he noted, “that in Washington, here we are in this crisis we find ourselves in (and) nobody is saying ‘Hey, time out. Let’s get on our knees and let’s call on the name of Almighty God and let’s ask Him for help. Let’s ask Him to bring us together and find a way out of this mess we’re in.'”

    “Nobody — the president, the Senate, the Congress — nobody is saying, ‘Let’s call on the name of Almighty God.’ Why? Because we’ve taken God out of our government. We don’t want Him,” Graham concluded.

    Graham is promoting his father’s latest book, The Reason for My Hope. He says the Christian Gospel has the power to change hearts and lives and heal the country.

    The BGEA is preparing for a televised event next month that will feature a message from his father, Billy Graham.

    http://www.cbn.com/cbnnews/us/2013/October/Graham-Greed-Lust-at-Heart-of-Political-Chaos/

  40. MR. BILL…..

    Guess who was on board the titanic that night….the biggest critic of the Federal Reserve……Jackob Astor…duPont, and a couple less important critics….

    Guess who else was aboard the Titanic but DEBARKED in Ireland right before it took to the high seas sailing for America…..the biggest supporter of the Federal Reserve…J.P Morgan…

    One must always remember it was J.P. Morgan who built the Titanic….is there a link there? My money says YES there was a link there.

    Isn’t it strange how our current day problems goes back to the formation of the Federal Reserve and their evil plan to rob the American people…in fact the world’s problems lie in this evil power grabbing organization and the Bank of England.

    Isn’t it also strange the assassination of John F Kennedy can be traced directly back to Kennedy’s plan to bring the country out form under the Federal Reserve and put the money back under the control of our government ..

    Money talks, and can speak many languages….if you have a truck load of money, you can get anything done anywhere in the world.

    NOTHING HAPPENS BY ACCIDENT….IF IT HAPPENS, YOU CAN BET IT HAS BEEN PLANNED.

  41. I have said ALL ALONG that Msssssssssssssssssssss.Jarrett is in the position she is in,and in the proximity of Soetoro that she is in NOT BY ACCIDENT,but intention. It is my belief that she is a SWORN enemy of the US,and a pledged ally of IRAN. Again you do not need a Phd to see through the entire occupation force in the WACKY HOUSE. Further it is my belief that Soetoro is in fact a practicing MUSLIM,who the PROGRESSIVES ran for POTUS simply because thye MOTIVES of both the LIBERAL Socialists and the ALLY of Iran,and the FUNDAMENTAL CHANGE PROMISE OF SOETORO worked very well as a UNIT.,which together will bring down America unless the people rise up and clean out the entire crowd in the government who are tainted by the PROGRESSIVE POISON PILL.

  42. ……….so far NOBODY has TAKEN the LEAD to bring down the MENTALLY UNBALANCED ILLEGAL LEADER who is now ILLEGALLY occupying the WACKY HOUSE. Until somebody decides to take the lead,come what may, NOTHING is going to change,and you are wasting your breath even discussing what is going on. So sit on your duffs,,and don’t WHINE when you discover that you could have made a difference. It all begins with the right person standing up,facing reality,and laying it all on the line. Sadly it appears that NONE of our retired,and/or FIRED generals are willing to touch the reality.,with a ten foot pole. So until one of our military leaders decides that he has had enough,things will continue to deteriorate.

  43. ……………so prepare to live like the SLIMEY FRENCH live, and keep your BICYCLE in good repair, and all the ladies will want to go out and buy themselves a BURKA or two. Here comes the US……back to the 2nd century,and the Biblical wars all over again. Hope somebody has the power to part the RED SEA,once again.

  44. bye bye have a great day Godbless

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s