Monthly Archives: September 2015

Trey Gowdy speaker of the house?, Majority leader? Kevin McCarthy of California leading contender?, Gowdy oversees committee looking into 2012 attacks in Benghazi and Hillary Clinton’s email use

Trey Gowdy speaker of the house?, Majority leader? Kevin McCarthy of California leading contender?, Gowdy oversees committee looking into 2012 attacks in Benghazi and Hillary Clinton’s email use

“I believe that the president is a citizen. I believe the president is a Christian. I’ll take him at his word,”…John Boehner, NBC Meet the Press

“The fact that the Secretary exclusively used and maintained a private email server, leaving her with sole and unfettered access to the complete universe of her emails, raises a number of transparency and accountability issues. The fact that the Secretary’s attorneys selfselected the emails to be shared with the State Department raises numerous questions about the completeness of the production of Secretary Clinton’s emails to the Committee, as well as more generally in response to other oversight inquiries by the House with which the Committee has been charged. These questions, which have been raised solely due to the actions of the former Secretary, necessitate a third-party review of the server to ensure that all responsive documents have been produced to the Committee.”…Trey Gowdy

“If ever a time should come, when vain and aspiring men shall possess the highest seats in Government, our country will stand in need of its experienced patroits to prevent its ruin”…Samuel Adams, 1776

 

 

From the NY Times September 29, 2015.

“House Republicans Start the Search for a Leader and a Message in 2016

House Republicans on Tuesday began in earnest the search for their new leadership team, as well as for some direction for themselves, less than a week after Speaker John A. Boehner announced his surprise resignation.

Lawmakers met in the basement of the Capitol to essentially share their feelings about the conflict within their conference, and the entire party, over the agenda and message that Republicans should carry into a presidential election year in which several Senate seats are also in play. Without Mr. Boehner present, Republicans did not spend much time pondering who might replace him, instead taking turns articulating what the House should focus on.

“It was respectful and reflective,” said Representative Jeff Fortenberry of Nebraska, who came with his own four pillars of suggestion, including legislation supporting “economic populism” and “social conservatism.”

Representative Kevin McCarthy of California appears to have the momentum to become the next speaker, but the race for his current job, majority leader, has been thrown into some chaos. The only potential female candidate for the post, Cathy McMorris Rodgers of Washington, has withdrawn from consideration, and a grass-roots effort to persuade Representative Trey Gowdy of South Carolina to step into the race started, and ended, on Tuesday.

Representative Jason Chaffetz of Utah, the chairman of the House Oversight and Government Reform Committee, was among those pushing a promotion for Mr. Gowdy, who oversees a committee that is looking into the 2012 attacks in Benghazi, Libya, and into Hillary Rodham Clinton’s email use — one of the longest-running congressional investigations in history.

Mr. Gowdy insisted that he was not interested, but Mr. Chaffetz told reporters he rejected that notion. “If the conference rallies behind him, I think he would reluctantly serve,” Mr. Chaffetz said.”

Read more:

http://www.nytimes.com/2015/09/30/us/politics/house-leadership-race.html

 

NPR Doctors To Get 70000 New Medical Codes, Morning Edition September 29, 2015, Federal government edict, Billing system that’s sure to cause headaches, Crashed in a spacecraft? That’s V95.41XA

NPR Doctors To Get 70000 New Medical Codes, Morning Edition September 29, 2015, Federal government edict, Billing system that’s sure to cause headaches, Crashed in a spacecraft? That’s V95.41XA

“If you’ve got health insurance we’re going to work with you to lower your premiums by $2,500 per family per year.”…Barack Obama

“since 2008, average family premiums have climbed a total of $4,865.”… Investors Business Daily

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

I first heard of this last week from a physical therapist.

From NPR September 29, 2015.

“Doctors To Get 70,000 New Medical Codes

Doctors are getting a billing system that’s sure to cause headaches.

Introduced by the federal government, 70,000 new medical codes will describe diagnoses in detail.

Like this:

Crashed in a spacecraft? That’s V95.41XA.

Walked into a lamppost? Twice? That’s W220.2XD.

Others include, “Problems in relationship with in-laws…”

“Other contact with a squirrel …””

Read more:

http://www.npr.org/2015/09/29/444398839/doctors-to-get-70-000-new-medical-codes

Listen to Morning Edition:

http://www.npr.org/programs/morning-edition/

 

9.4 million more Americans below poverty line since economic crisis, 132K fewer white Americans employed in 2015, This is recovery?, White labor force participation rate down .6 percent since Jan, More job lies coming Friday, “1984”

9.4 million more Americans below poverty line since economic crisis, 132K fewer white Americans employed in 2015, This is recovery?, White labor force participation rate down .6 percent since Jan, More job lies coming Friday, “1984”

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton 

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

Citizen Wells began warning you in 2008 that we were entering the age of Big Brother and “1984.”

The jobs report will come out this Friday and it is assured that it will contain more Orwellian reports of job gains.

Citizen Wells has been reporting on the more realistic number, the number of people employed and how it has fluctuated since Obama took office in January 2009. Especially the number of white Americans employed. You know, what was approx. two thirds of the US population.

You are aware from the reports here that the employment situation is horrible.

You also have awareness from paying attention and observing the impact on your family and those around you.

I know that I have.

The food banks that see record numbers of recipients and are constantly seeking more food.

The people who cannot find work or are working multiple part time jobs.

The record number of young people living with family members,

From Zero Hedge September 27, 2015.

“What Recovery? 9.4 Million More Americans Below Poverty Line Than Pre-Crisis

According to Janet Yellen, we are still on pace to raise rates in 2015. While the rate hike was supposed to happen this month, it got derailed by the August market selloff, volatility in China, lackluster work force numbers, and a variety of other factors.

Despite the Fed continuing to kick this down the road, they continue to claim that we are in the middle of an ongoing recovery. There’s just one problem with that: things are getting worse than pre-crisis levels for millions of the poorest Americans.”

“It’s true that the wealthiest 10% of Americans have finally seen their household incomes rise above the levels last seen in 2007. It’s also true that median incomes have “recovered” from the worst of the 2008 disaster. Median earners were -8.1% worse off in 2011, and now they are only -6.5% worse off according to most recent data for 2014 released by the U.S. Census Bureau last week.

However, when we look at the lowest 10% of income earners, the situation is much more precarious. In 2011, the bottom 10% of households were -9.0% worse off in terms of income than they were pre-crisis. Since then, it hasn’t gotten any better: they now are making -11.6% less income than they were in 2007.

Possibly even more concerning is the fact that the amount of Americans living below the poverty line has soared since 2007. There are now 9.4 million more people that can claim to be a part of this unfortunate group, and the total contingent living below the poverty line now makes up 14.8% of all Americans. This is also an increase from the 12.5% figure from before the Great Recession.”

Read more:

http://www.zerohedge.com/news/2015-09-27/what-recovery-94-million-more-americans-below-poverty-line-pre-crisis

From Citizen Wells September 4, 2015.

“There was an increase in 23,000 white American employment in August.
However, white employment is down 132,000 since January!!!

***

***  Update 9:10 AM  ***

Almost 1.5 million more white Americans dropped out of labor force since Jan.

White employment to population ratio down .3 percent since Jan.

White labor force participation rate down .6 percent since Jan.

***

Regardless of the unemployment rate and jobs data provided by the US Labor Department this morning, September 4, 2015, the real employment situation can also be found in their data.

White employment.

WhiteEmployment

Hispanic employment.

HispanicEmployment

I found this article by Business Insider from February 10, 2011.

“No One Looking At This Chart Could Possibly Call It A Recovery””

Read more:

https://citizenwells.com/2015/09/04/us-labor-dept-employment-charts-reveal-no-jobs-recovery-for-native-born-americans-september-4-2015-low-wage-part-time-jobs-going-to-immigrants-business-insider-warning-from-2011-economic-flows-p/

 

 

Pope Francis speaks without knowledge and discernment, The Saint Peter principle, Pope rises to his own level of incompetence, Coming from South America where failed socialism and raping of environment is rampant he lectures us on capitalism and global warming

Pope Francis speaks without knowledge and discernment, The Saint Peter principle, Pope rises to his own level of incompetence, Coming from South America where failed socialism and raping of environment is rampant he lectures us on capitalism and global warming

“The American people will never knowingly adopt socialism.
But, under the name of “liberalism”,
they will adopt every fragment of the socialist program,
until one day America will be a socialist nation,
without knowing how it happened.”
“I no longer need to run as a Presidential Candidate for the Socialist Party.
The Democratic Party has adopted our platform.”…1944 Norman Thomas speech

“All animals are equal but some animals are more equal than others.”…George Orwell, “Animal Farm”

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

Pope Francis is a very likeable person and appears to be genuinely concerned about humanity.

“The road to hell is paved with good intentions.”…Karl Marx

However, like the rest of humanity, he has risen to his own level of incompetence.

I call this the “Saint Peter Principle.”

Not only has he risen to his own level of incompetence, I question that what he is speaking of is the message of Jesus.

To put this in more simple terms, as my mother would say, “he has gotten too big for his britches.”

Pope Francis hails from South America, the home of failed socialist policies, vast raping of the environment and widespread poverty.

He appears to be clueless about the core nature of capitalism such as my ancestors experienced when they left Europe in the 1700’s.

He also appears to be oblivious to the fact that capitalism has brought much of humanity out of historical poverty.

Rush Limbaugh quoting Thomas Sowell addresses this September 22, 2015.

“In this instance, Obama and Moochelle are gonna be out there to greet the pope when he lands.  It’s not a long flight up here from Cuba.  He’s on an Alitalia jet, which is a capitalist airline.  Well, parts of it are.  I think it’s an Airbus.  It would matter because one’s a capitalist manufacturer and one’s a socialist manufacturer.

Thomas Sowell has a column today about the pope and his arrival, but primary it’s about the pope’s message.  I have highlighted three things that Sowell has written here because they’re brilliant.  They take issue with the pope and his belief that the objective for all of humanity is to end poverty.  And of course the pope believes that we’ve all done a rotten, horrible job of it, and that governments need to get bigger and they need to become populated with more and more compassionate people to find ways to get rid of poverty.

And of course Thomas Sowell points out that there’s one way to get rid of poverty.  But let me read to you what he wrote ’cause it’s really, really good, folks.

“Any serious look at the history of human beings over the millennia,” let’s say from the beginning of time “– Any serious look at the history of human beings over the millennia shows that the species began in poverty. It is not poverty, but prosperity, that needs explaining. Poverty is automatic.” Poverty is the natural state.  I’ll tell you the reason I like this is because it goes right at my definition of American exceptionalism, which is that since the beginning of time the existence for most of the world’s human beings has been bondage, tyranny, poverty, dictatorship.  It certainly has not been liberty.  It has not been freedom.  Not until the United States came along.  And that’s not an exaggeration. ”

“Another stat. Infant mortality rates in 1900 were 165 per thousand.  You know what that means?  For those of you in Rio Linda, what that means is for every thousand people born, 165 died.  Infant mortality rates.  In 1997, 97 years later, the infant mortality rate was seven per thousand.  It’s quite a reduction, from 165 per thousand in 1900 to 7% by 1997.  By 2001 most Americans living below the official poverty line had central air-conditioning, had a car, had cable TV, with multiple TV sets, and other amenities.  Poverty in the United States isn’t even close to what real poverty is around the world, and remember poverty is how the species began. ”

“I just wanted to share that with you because for the next five days you are going to hear nothing anywhere remotely like that.  You’re going to be hearing, you’re gonna be deluged with how unfair your country is, how unfeeling.  You’re going to be told how your country isn’t doing enough, hasn’t done enough, you aren’t doing enough.  You might hear how your country and you are selfish.  You might even hear how your country has taken things that it does not deserve and are not its own from other parts around the world.  You’re gonna hear all kinds of things the next four or five days to try to convince you how unjust, socially unjust your country is. ”

Read more:

http://www.rushlimbaugh.com/daily/2015/09/22/get_ready_pope_s_arrival_will_commence_a_week_of_trashing_capitalism

From Forbes on the original Peter Principle.

“You may think you’ve heard the Peter Principle before—something to the effect that, “In a hierarchy, every employee tends to rise to his level of incompetence.”

But the Peter Principle was more than an alarmingly nasty motto. It was an alarmingly nasty book—and a funny one at that, illustrating the efforts of many managers to seem productive when in fact they’re in over their heads.”

“Here are the core principles of Peter’s bungling world of management:

1. When you’re great at something, you might get rewarded with a promotion … into something you’re terrible at. A typical example, Peter said, is if you’re a great rule-follower who suddenly is placed in charge of making rules and decisions. You may well freeze up in your new role or gum up the productivity of everyone else.

2. Once you’re promoted to your level of incompetence, you probably won’t get fired and replaced with someone more competent. Instead, others will work around you. Whyaren’t you fired? Perhaps because you probably know too much about your boss’ business to be booted out too casually. Or because people have sympathy for you because you’re working so many hours. Or because the people who are supposed to judge you have reached their own level of incompetence, and damned if they’re able to realize how unproductive you are. So you now have reached the ominously termed station called “Final Placement.””

Read more:

http://www.forbes.com/sites/robasghar/2014/08/14/incompetence-rains-er-reigns-what-the-peter-principle-means-today/

 

 

 

Hillary Clinton emails must be in searchable database by week end, Judge Emmet G. Sullivan, Perform an initial search by keyword by next week for Benghazi connection, State Dept. ultimatum, Find more staffers to process Clinton emails

Hillary Clinton emails must be in searchable database by week end, Judge Emmet G. Sullivan, Perform an initial search by keyword by next week for Benghazi connection, State Dept. ultimatum, Find more staffers to process Clinton emails

“I watched her on countless occasions blatantly lie to the American people and knowingly lie.”…Linda Tripp

“By July 1993, the Clintons and their associates had established
a pattern of concealment with respect to the Clintons’ involvement
with Whitewater and the Madison S&L. Because of the complexity
of the allegations of misdeeds involving these institutions, documents
and files are critical to any inquiries into the matter. Yet,
at every important turn, crucial files and documents ‘‘disappeared’’
or were withheld from scrutiny whenever questions were raised.…Senate Whitewater report June 13, 1996

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

From the Washington Times September 22, 2015.

“Judge tells State Dept. to find more staffers to process Clinton emails

A federal judge urged the State Department to get more people on the case reviewing and releasing the emails of former Secretary Hillary Rodham Clinton and her top aides, saying Tuesday that all sides should be eager to get the matter behind them.

Judge Emmet G. Sullivan also rejected the State Department’s timeline for searching the aides’ emails and insisted the government have them all put in an electronic system by the end of this week, and do an initial search to see which ones are related to the 2012 Benghazi terrorist attacks next week.”

“Ms. Shapiro rejected that, saying they were caught unaware by the new emails Ms. Mills and Ms. Abedin turned over, more than two years after they left the State Department.

The State Department says it has the equivalent of about 63 full-time employees working on the thousands of open-records requests the department gets each year, and those staffers are being pushed to meet tight deadlines, including those imposed by more than a dozen judges now involved in some Clinton email-related cases.”

“In the case of Citizens United, the State Department had asked for at least until December to search the files of Ms. Abedin and Ms. Mills, but Judge Sullivan rejected that.

Instead he gave the department until the end of this week to have all of their emails put in a searchable database within the department, and gave them until next week to perform an initial search by keyword to determine the universe of documents that might be responsive to Citizens United’s request for information.”

Read more:

http://www.washingtontimes.com/news/2015/sep/22/judge-state-find-staffers-process-clinton-emails/

 

Hillary Clinton aides turn over more than 100K pages of emails, Huma Abedin turned over approx 23K pages, Philippe Reines 70K pages, Cheryl Mills over 11K, Shielded from public scrutiny for years

Hillary Clinton aides turn over more than 100K pages of emails, Huma Abedin turned over approx 23K pages, Philippe Reines 70K pages, Cheryl Mills over 11K, Shielded from public scrutiny for years

“I watched her on countless occasions blatantly lie to the American people and knowingly lie.”…Linda Tripp

“By July 1993, the Clintons and their associates had established
a pattern of concealment with respect to the Clintons’ involvement
with Whitewater and the Madison S&L. Because of the complexity
of the allegations of misdeeds involving these institutions, documents
and files are critical to any inquiries into the matter. Yet,
at every important turn, crucial files and documents ‘‘disappeared’’
or were withheld from scrutiny whenever questions were raised.…Senate Whitewater report June 13, 1996

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

From The Washington Times September 19, 2015.

“Hillary Clinton’s aides relinquish more than 100,000 pages of emails
State Dept. says it won’t release them all, but will check them when requested

Former Secretary of State Hillary Rodham Clinton’s top aides have belatedly turned over more than 100,000 pages of emails they had kept on personal email accounts, or accounts tied to Mrs. Clinton’s server, the government told a federal judge late Friday.

Huma Abedin turned over an estimated 23,000 pages of emails, Philippe Reines gave back 70,000 pages of messages and Cheryl Mills returned somewhere in the neighborhood of 11,870 pages, the Obama administration told Judge Rudolph Contreras in a court filing.

And unlike Mrs. Clinton’s emails, the State Department does not have plans to post online all of those three aides’ messages, instead deciding to release only select messages that are requested through particular open-records demands.”

“Those messages have effectively been shielded from public scrutiny for years, in defiance of federal policies that discourage use of personal email accounts and insist that when they are used, all government-related business be forwarded to an official account for record-keeping.

Mrs. Clinton returned about 32,000 messages to the government in December. Ms. Mills didn’t return her last batch of messages until Aug. 12, and Ms. Abedin was even later, taking until Sept. 1 — or after the deadline the State Department had agreed to — to finally give back all of her government business messages.”

Read more:

http://www.washingtontimes.com/news/2015/sep/19/hillary-clinton-aides-relinquish-more-100000-pages/

Hillary Clinton emails missing 5 months of messages, Judicial Watch President Tom Fitton, “These emails raise questions whether Clinton told the truth last month”

Hillary Clinton emails missing 5 months of messages, Judicial Watch President Tom Fitton, “These emails raise questions whether Clinton told the truth last month”

“I watched her on countless occasions blatantly lie to the American people and knowingly lie.”…Linda Tripp

“By July 1993, the Clintons and their associates had established
a pattern of concealment with respect to the Clintons’ involvement
with Whitewater and the Madison S&L. Because of the complexity
of the allegations of misdeeds involving these institutions, documents
and files are critical to any inquiries into the matter. Yet,
at every important turn, crucial files and documents ‘‘disappeared’’
or were withheld from scrutiny whenever questions were raised.…Senate Whitewater report June 13, 1996

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

From the Daily Caller September 14, 2015.

“Hillary Clinton Emails Have A FIVE-Month Gap

Five months worth of messages are missing from the emails former Secretary of State Hillary Clinton returned to the government, according to documents newly obtained by the watchdog group Judicial Watch.

“A five month email gap,” Judicial Watch President Tom Fitton said at the non-profit group’s inaugural Leadership Summit Monday. “I want an explanation about that.”

Some of the gaps were as long as a month or more, Fitton said.

Clinton submitted a statement to a federal court Aug. 10 under the penalty of perjury that she submitted all of the required emails.

“These emails raise questions whether Clinton told the truth last month,” Fitton said.

Also, Department of State rules show that presidential appointees departing the department may not take federal records with them as they leave, according to Fitton.

Clinton claimed the emails she didn’t turn over were of a personal matter.

“It’s malarky that the emails Clinton withheld were of a personal nature,” Fitton said. He said her personal emails were “intertwined and indistinguishable” from work-related emails and federal records.”

Read more:

http://dailycaller.com/2015/09/14/clinton-emails-have-five-months-worth-of-gaps/

 

Jan Hatzius Goldman “Fed Should Think About Easing”, Recent events have largely sealed the case against a rate hike next week, We expect modest downward revisions to GDP growth in 2016 and 2017 in light of tighter financial conditions

Jan Hatzius Goldman “Fed Should Think About Easing”, Recent events have largely sealed the case against a rate hike next week, We expect modest downward revisions to GDP growth in 2016 and 2017 in light of tighter financial conditions

“All of the employment gains among women since the recession hit in December 2007 have been taken by foreigners, even at a time when the numbers of U.S.-born women surged more than 600,000, according to new federal statistics.”…Washington Examiner August 7, 2015

“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton 

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

Several months ago when I engaged in an email debate with Jan Hatzius of Goldman regarding the employment situation and impact of baby boomers, I came to the conclusion that he and other economists were too entrenched in the theoretical realm of economies to see the reality of the economy and employment in the US.

Are Jan Hatzius and Goldman finally facing a reality check on the real condition of the economy?

From Zero Hedge September 12, 2015.

“Is Yellen About To Shock Everyone: Goldman Says The “Fed Should Think About Easing””

“What a difference a little over a year makes.

Back in January 2014, just after the Fed announced the tapering of QE (because, you know, the “date-dependent” Fed would never be tapering if the economy wasn’t improving, right?) the propaganda machine went into overdrive, with Wall Street’s pet economist, not to mention the NY Fed’s key “outside advisor”, Goldman Jan Hatzius preaching that the long awaited recovery had finally arrived.

This is how the tabloid pseudo-finance website Business Insider characterized his call at the time: “Goldman’s top economist, Jan Hatzius, just said the words we’ve been wanting to hear for five years. He believes the economy is now growing at an above-trend pace.””

“For what it was worth, we disagreed with Hatzius, noting that this would simply be the second time in five years Goldman has jumped the “recovery” shark after its dramatic reversal in December 2010 when as QE 2 was ending, Goldman once again sought to boost wholesale confidence by going fundamentally bullish and saying “This outlook represents a fundamental shift in the thinking that has
governed our forecast for at least the last five years.”

Fast forward a little over a year when we learn that Goldman was once again wrong (for what it’s worth, naturally Business Insider was too).

First it was in April of 2015 – some 16 months after his “bold” prediction – that the same “above trend growth”-forecasting Hatzius said we “do not have much confidence in the inflation outlook and believe that the right policy would be to put hikes on hold for now.”

But… what happened to above trend growth?

Then in the first week of June, Hatzius once again hedged saying “Our forecast remains that the Fed policy committee will hike rates at the September meeting, but …this remains a close call. There is a strong risk management case for delaying liftoff.” In other words, the market determines Fed policy, not the economy, despite the reflexive lies to the opposite.

Then just two weeks later, on June 18, Hatzius having long given up on his “above trend growth” forecast changed his tune again, and now said he expected a December rate hike instead.

“In large part this reflects the fact that seven FOMC participants are now projecting zero or one rate hike this year, a group that we believe includes Fed Chair Janet Yellen…. We had viewed a clear signal for a September hike at the June meeting as close to a necessary condition for the FOMC to actually hike in September, because we did not believe that the FOMC would want to surprise markets on the hawkish side when they raise the funds rate.”

Of course, if the economy had grown at an “above trend pace” since his January 2014 call, the Fed would have to be at 1% or higher by now.

Just to make sure nobody is surprised next week when Yellen does not hike and unleashes a massive relief rally, Hatzius added that a September rate hike announcement this Thursday “shouldn’t be close”, and as we showed previously, unveiled 7 reasons why. Amazing how Goldman’s narrative changes with every month.

And then, the humiliation was complete last night when the same Jan Hatzius, having long-forgotten his January 2014 prediction, in a note previewing the US economy in “September and Beyond” had this to say:

In our view, the recent events have largely sealed the case against a rate hike next week. Fed officials have made clear that “data dependent” policy refers to incoming economic news as well as factors that could impinge on the outlook—including changes in financial conditions…. The news on wage and price inflation, however, has been softer than generally expected a few months ago…. most of the inflation shortfall relative to the Fed’s 2% target is due to more persistent factors, including continued labor market slack.

We expect modest downward revisions to GDP growth in 2016 and 2017 in light of tighter financial conditions.
Hm… maybe Jan meant below-trend growth?

And here we get to the punchline, because Goldman which originally expected a September rate hike, then pushed it to December in June, is now fairly confident that there may not be a 2015 rate hike at all!”

Read more:

http://www.zerohedge.com/news/2015-09-12/yellen-about-shock-everyone-goldman-says-fed-should-think-about-easing

As reported at Citizen Wells September 4, 2015, white employment is down 132,000 since January 2015.

https://citizenwells.com/2015/09/04/us-labor-dept-employment-charts-reveal-no-jobs-recovery-for-native-born-americans-september-4-2015-low-wage-part-time-jobs-going-to-immigrants-business-insider-warning-from-2011-economic-flows-p/

White House aka big brother August 2015 employment situation report vs reality (truth), 13.1 million jobs added over 66 straight months??, Obama et al have exceeded lies of “1984”, White American employment up 1.14 million under Obama, Hispanics gained most

White House aka big brother August 2015 employment situation report vs reality (truth), 13.1 million jobs added over 66 straight months??, Obama et al have exceeded lies of “1984”, White American employment up 1.14 million under Obama, Hispanics gained most

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“All of the employment gains among women since the recession hit in December 2007 have been taken by foreigners, even at a time when the numbers of U.S.-born women surged more than 600,000, according to new federal statistics.”…Washington Examiner August 7, 2015

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

George Orwell conjured up government lies emanating from Big Brother and the Ministry of Plenty in “1984” but his imagination could not touch the lies and mechanisms for spreading them employed by the Obama Administration and their lackeys the mainstream media.

From WhiteHouse.gov September 4, 2015. (have your barf bags handy)

“The Employment Situation in August

Summary: In August, the economy added 140,000 jobs, extending the longest streak of private sector job growth on record.

Our economy has now added 8.0 million jobs over the past three years, a pace that has not been exceeded since 2000. And while the economy added jobs at a somewhat slower pace in August than in recent months, the unemployment rate fell to 5.1 percent—its lowest level since April 2008—and the labor force participation rate remained stable. Our businesses have now added 13.1 million jobs over 66 straight months, extending the longest streak on record. In addition, hourly earnings for American workers continued to rise. But there’s more work to do to ensure that America’s domestic momentum can continue to offset some of the headwinds from the global economy. That starts with avoiding self-inflicted wounds: Congress needs to pass a budget that reverses the sequester and avoids shutting down the government. But it’s also why the President is committed to pushing Congress to increase investments in infrastructure as part of a long-term transportation reauthorization, open new markets with expanded trade, and raise the minimum wage.”

1. The private sector has added 13.1 million jobs over 66 straight months of job growth, extending the longest streak on record. Today we learned that private-sector employment rose by 140,000 in August, below the recent pace. Despite the monthly volatility in employment growth, long-term trends remain strong. The unemployment rate declined to 5.1 percent, its lowest level since early 2008, while the labor force participation rate remained stable. Wages continued to rise, with average hourly earnings for all private-sector workers up 2.2 percent over the past year.

Jobs chart August 2015

 

https://www.whitehouse.gov/blog/2015/09/04/employment-situation-august

Reality

From the US Labor Department.

From January 2009 to August 2015.

White American employment up 1.14 million.

WhiteEmploymentObama

Hispanic employment up 4.549 million.

HispanicEmploymentObama

From Zero Hedge September 2, 2015.

“Exposing The Lie Behind The “Strong Jobs Recovery” In One Chart

With all eyes glued to Friday’s payrolls report, we thought it worth reiterating some ‘facts’ about US employment data. As ECRI notes, the sustained decline in the official jobless rate – now approaching the Fed’s estimate of “full employment” – is a misleading indicator of labor market slack. The data shows that the so-called jobs recovery has been spearheaded by cheap labor, with job gains going disproportionately to the least educated — and lowest-paid — workers.”

Read more:

http://www.zerohedge.com/news/2015-09-02/exposing-lie-behind-strong-jobs-recovery-one-chart

From Zero Hedge September 2, 2015.

“New Record In Waiters And Bartenders Masks First Manufacturing Drop In Over 2 Years”

“Putting this all together, since the start of the Second Great Depression, the US economy has lost 1.4 million manufacturing workers, but has more than made up for this with the addition ff 1.5 million waiters and bartenders.”

Read more:

http://www.zerohedge.com/news/2015-09-04/first-drop-manufacturing-workers-over-2-years-offset-new-record-waiters-and-bartende

 

 

US Labor Dept. employment charts reveal no jobs recovery for native born Americans, September 4, 2015, Low wage part time jobs going to immigrants, Business Insider warning from 2011, Economic flows provided through unemployment checks food stamps FDR style spending

US Labor Dept. employment charts reveal no jobs recovery for native born Americans, September 4, 2015, Low wage part time jobs going to immigrants, Business Insider warning from 2011, Economic flows provided through unemployment checks food stamps FDR style spending

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton 

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

***  Update 8:55 AM  ***

“Total nonfarm payroll employment increased by 173,000 in August, and the
unemployment rate edged down to 5.1 percent, the U.S. Bureau of Labor Statistics reported today.”

There was an increase in 23,000 white American employment in August.
However, white employment is down 132,000 since January!!!

***

***  Update 9:10 AM  ***

Almost 1.5 million more white Americans dropped out of labor force since Jan.

White employment to population ratio down .3 percent since Jan.

White labor force participation rate down .6 percent since Jan.

***

Regardless of the unemployment rate and jobs data provided by the US Labor Department this morning, September 4, 2015, the real employment situation can also be found in their data.

White employment.

WhiteEmployment

Hispanic employment.

HispanicEmployment

I found this article by Business Insider from February 10, 2011.

“No One Looking At This Chart Could Possibly Call It A Recovery”

“Currently the problem in the US jobs market mainly lies with, what I call, the maintenance rate. This is the minimum monthly job creation rate that our enormous system–our economy and government with its revenues and liabilities–must have in order to maintain itself as population grows. Getting lost in the weeds, therefore, of monthly unemployment rates is a waste of time. After having lost 8+ million jobs from the top of the last expansion, nitpicking one’s way through the additions, revisions, and changes to the presumed size of the work force misses the point. And that’s this: any month in which the US does not create at least 125,000 jobs, from a systemic point of view, is negative. It’s less than zero.”

“Now you know why annual government budgets have blown out into the the trillions: the economic flows normally provided by a functioning economy are now provided through unemployment checks, food stamps, FDR style spending and other distributions. In short, the “economy” cannot be experiencing a recovery when, after 10 years of population growth and growth in future liabilities, the number of people employed is hovering around levels last seen in 2002-2004. Whether you chose to look at just Non-Farm Employment, or Total Employment, the US Labor Market is essentially flat-lining since a deep trough was reached in late 2009, early 2010.

Those who would make sweeping claims about a recovery in the entire economy should place these two charts shown here in their printed columns, along with the fact that the US population has grown by over 25 million people since the year 2000.”

Read more:

http://www.businessinsider.com/when-recoverys-just-a-word-2011-2

The referenced study from above was retrieved from the WayBack Machine.

Why was it scrubbed?

From the Brookings Institute February 4, 2011.

“The traditional unemployment rate does not fully capture the extent of labor underutilization in our economy. In addition to the 14 million Americans who are officially counted as unemployed (the jobless who are still actively looking for work), there are over 11 million Americans who either want to work but have given up looking, or who are underemployed in the sense that they are working part time because full-time work is unavailable. These additional workers are less visible but are undoubtedly victims of the recent recession.”

“The Hamilton Project explores the monthly “job gap” based on the employment numbers—or the number of jobs the economy needs in order to return to return to pre-recession employment levels while absorbing the 125,000 people who enter the labor force each month.

The annual revision to the historical payroll numbers released with the January report paint an even starker picture for the job gap this month, increasing it to 12.4 million jobs.

The chart below shows the evolution of the job gap since the start of the Great Recession in December 2007. The thick line in the chart below shows the net number of jobs lost since the Great Recession began.

The broken lines display the date by which the jobs gap would be closed under alternative assumptions about the rate of job creation going forward. If the economy adds about 208,000 jobs per month, the average monthly rate for the best year of job creation in the 2000s, then it will take until July 2023 to close the job gap. At a more optimistic rate of 321,000 jobs per month, the average monthly rate for the best year of the 1990s, the economy will reach pre-recession employment levels by May 2016. ”

https://web.archive.org/web/20110209104602/http://www.brookings.edu/opinions/2011/0204_jobs_greenstone_looney.aspx

From Zero Hedge September 2, 2015.

“Exposing The Lie Behind The “Strong Jobs Recovery” In One Chart”

“With all eyes glued to Friday’s payrolls report, we thought it worth reiterating some ‘facts’ about US employment data. As ECRI notes, the sustained decline in the official jobless rate – now approaching the Fed’s estimate of “full employment” – is a misleading indicator of labor market slack. The data shows that the so-called jobs recovery has been spearheaded by cheap labor, with job gains going disproportionately to the least educated — and lowest-paid — workers.

Indeed, the stagnation in nominal wage growth is consistent with the weakness in the employment/population (E/P) ratio. That said, even the E/P ratio may be overstating the health of the jobs market.

After dropping to three-decade lows in the wake of the Great Recession, the E/P ratio, has barely improved since the fall of 2013, reversing only about one-fifth of its decline from its pre-recession highs.”

Read more:

http://www.zerohedge.com/news/2015-09-02/exposing-lie-behind-strong-jobs-recovery-one-chart