Category Archives: Economy

Obama presidency worst economic growth since World War II, 4th worst in history, Failed economic policies, 95 million without work, $20 trillion debt, More Americans on food stamps than ever before

Obama presidency worst economic growth since World War II, 4th worst in history, Failed economic policies, 95 million without work, $20 trillion debt, More Americans on food stamps than ever before

“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

“millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years.”…NBC News October 29, 2013

“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

 

From the Gateway Pundit April 2, 2017.

It’s Official: Obama Presidency Had Worst Economic Growth Since World War II – 4th Worst in History!

Jonathon M. Trugman at the New York Post reported this week that the final numbers for the Obama Administration are in and they are abysmal:

On Thursday we closed the book on the Obama economic “miracle” — and it’s a miracle we are not in a recession.

Last week the Commerce Department released its third revision for fourth-quarter 2016 gross domestic product. The number came in at a paltry 2.1 percent, meaning that growth during President Obama’s final year in office — the end of an “Error of Hope” — landed with a big thud at just 1.6 percent.

That low-water mark puts the Obama presidency in last place among all the post-World War II presidents when it comes to economic growth.

The rate of real economic growth is the single greatest determinant of both America’s strength as a nation and the well-being of the American people.

From 1790 to 2000, U.S. RGDP growth averaged 3.79%. America needs at least 3.0% economic growth-the nation cannot defend itself and pay its bills without it. However, America’s elites have largely given up on growth, and are now distracting themselves with academic musings about “secular stagnation.”

By February of 2016 it was clear that Obama had given up on economic growth. Obama’s Congressional Budget Office (CBO) forecasted in early 2016 that America will never see 3.0% economic growth again.

As a result of his failed economic policies, Obama now ranks as the fourth worst presidency on record in GDP growth at 1.6%. Only Herbert Hoover (-5.65%), Andrew Johnson (-0.70%) and Theodore Roosevelt (1.41%) currently have lower average annual GDP growth than Barack Obama. In addition, Obama has the lowest annual GDP growth rate of any President since World War II.

Barack Obama is the only U.S. president in history who did not deliver a single year of 3.0%+ economic growth.”

“Obama’s economic policies failed America and resulted in 95 million without work, the debt at an astronomical $20 Trillion and more Americans on Food Stamps than ever before. 

Obama left America in a mess!

See the following for additional reasons why Obama was the ‘Worst. President. Ever’:”

Read more:

http://www.thegatewaypundit.com/2017/04/its-official-obama-presidency-worst-economic-growth-in-modern-era-4th-worst-ever/

 

 

More here:

https://citizenwells.com/

http://citizenwells.net/

 

Q4 2016 economy growth 1.9 percent, Trump was right “Obama is the first president in modern history not to have a single year of 3 percent growth”, Obamacare accounted for 58% of US growth in first quarter 2016

Q4 2016 economy growth 1.9 percent, Trump was right “Obama is the first president in modern history not to have a single year of 3 percent growth”, Obamacare accounted for 58% of US growth in first quarter 2016

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

“If you like your plan, you can keep it.”…Barack Obama

“millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years.”…NBC News October 29, 2013

 

 

Donald Trump was right when he stated:

“Obama is the first president in modern history not to have a single year of 3 percent growth.”

From Zero Hedge February 28, 2017.

“US Economy Grew 1.9% In Q4, Unexpectedly Missing Expectations Despite Stronger Consumer Spending

Following a series of better than expected GDP-feeding prints, consensus had expected Q4 GDP to tick higher in the first revision released today, rising from 1.9% to 2.1%. However, that did not happen and instead, the revised print came in unchanged at 1.9%. Notable underlying revisions include: an upward revision in consumer spending, both in services and goods; a downward revision to business investment, mostly in intellectual property products and equipment; and a downward revision to state and local government spending, primarily in structures.”

“For the year 2016, real GDP increased 1.6% , compared with 2.6% in 2015. The increase in real GDP in 2016 reflected increases in consumer spending, residential investment, state and local government spending, exports, and federal government spending. These contributions were partly offset by declines in private inventory investment and business investment. Imports increased.”

http://www.zerohedge.com/news/2017-02-28/us-economy-grew-19-q4-unexpectedly-missing-expectations-despite-stronger-consumer-sp

From Zero Hedge June 28, 2016.

“Obamacare Accounted For 58% Of US “Growth” In The First Quarter

Remember when the Supreme Court decided that Obamcare is legal but it’s a tax? Well, the nuances were irrelevant, but when it comes to the Bureau of Economic Analysis they could not have been greater: by effectively counting a tax as part of US economic growth, Obama, the Supreme Court and the US government’s beancounters assured themselves of a steady stream of “economic growth” for quarters to come, and sure enough, Q1 was no different.

As regular readers know, when it comes to the one constant source of US economic growth, nothing is more reliable than Healthcare, which is merely another name for how Obamacare figured in the bean-count reports. And, we are confident, it will come as no surprise that in Q1, when real GDP grew by $44 billion in real terms, or 1.1% annualized, from $16.471 trillion to $16.515 trillion, Healthcare was responsible for $26 billion (rising from $1,896 billion to $1,929 billion annualized) or a whopping 58.4% of the total.”

http://www.zerohedge.com/news/2016-06-28/obamacare-accounted-58-us-growth-first-quarter

 

More here:

https://citizenwells.com/

http://citizenwells.net/

 

 

 

 

Obama job legacy: Grade F, White american employment down over 725k, down 107k last month, Hispanic up 5 million almost 25 percent, 94% of all new jobs under Obama were part time

Obama job legacy: Grade F, White american employment down over 725k, down 107k last month, Hispanic up 5 million almost 25 percent, 94% of all new jobs under Obama were part time

“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

“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.”…US Labor Dept. September 2014

“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.”…Jim Clifton, CEO of Gallup

 

 

Obama just completed his last full month in office.

His much touted jobs added as portrayed by the fake news mainstream media?

Obama gets a grade of F for his jobs performance.

Unless of course you are an illegal alien.

From December of 2007 to December of 2016 the following occurred:

White Americans.

More than 725,000 fewer employed.

In the last month alone 107,000 fewer employed.

Almost 11 million more not in the labor force.

Hispanics.

Almost 5 million more employed.

That’s almost a 25 percent increase.

From Zero Hedge December 25, 2016.

“Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time

Just over six years ago, in December of 2010, we wrote “Charting America’s Transformation To A Part-Time Worker Society“, in which we predicted – and showed – that in light of the underlying changes resulting from the second great depression, whose full impacts remain masked by trillions in monetary stimulus and soon, perhaps fiscal, America is shifting from a traditional work force, one where the majority of new employment is retained on a full-time basis, to a “gig” economy, where workers are severely disenfranchised, and enjoy far less employment leverage, job stability and perks than their pre-crash peers. It also explains why despite the 4.5% unemployment rate, which the Fed has erroneously assumed is indicative of job market at “capacity”, wage growth not only refuses to materialize, but as we showed yesterday, the growth in real disposable personal income was the lowest since 2014.

When we first penned our article, it was dubbed “fringe” tinfoil hattery, or in the latest vernacular, “fake news.”

Fast forward 6 years, when a report by Harvard and Princeton economists Lawrence Katz and Alan Krueger, confirms exactly what we warned. In their study, the duo show that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” soared during the Obama era, from 10.7% in 2005 to 15.8% in 2015. Alternative, or “gig” work is defined as “temporary help agency workers, on-call workers, contract company workers, independent contractors or freelancers”, and is generally unsteady, without a fixed paycheck and with virtually no benefits.”

“Krueger, who until 2013 was also the top White House economist serving as chairman of the Council of Economic Advisers under Obama, was “surprised” by the finding.

Quoted by quartz, he said “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment.”

Read more:

http://www.zerohedge.com/news/2016-12-23/top-white-house-economist-admits-94-all-new-jobs-under-obama-were-part-time

 

 

More here:

https://citizenwells.com/

http://citizenwells.net/

November 2016 jobs report, Media lies, Obama and mythical jobs, Hispanics big winners, Whites decimated, Americans not in the labor force soar to record 95.1 million, Multiple jobholders hit all time high as part-time jobs soar, Big lie unemployment rate

November 2016 jobs report, Media lies, Obama and mythical jobs, Hispanics big winners, Whites decimated, Americans not in the labor force soar to record 95.1 million, Multiple jobholders hit all time high as part-time jobs soar, Big lie unemployment rate

“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

“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.”…US Labor Dept. September 2014

“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.”…Jim Clifton, CEO of Gallup

 

Why has Citizen Wells continued to report on white American employment in the US?

The answer is simple.

Whites are still the largest segment of the population, are expected to proportionally benefit from jobs added and the mainstream media won’t touch this story.

From the US Labor Dept. and the November jobs report we find:

Change in employment from November 2007 to November 2016 by ethnicity.

Black:  2,276,000 gain

Asian:  2,360,000 gain

Hispanic: 4,850,000 gain

White: 722,000 loss (you read this right)

CNN October 7, 2016.

“This week Obama fought back at his detractors. He said his team has created a “more durable, growing economy” with “15 million new private-sector jobs since early 2010” in an essay in The Economist. Democrat Tim Kaine also used the 15 million jobs talking point in the vice presidential debate.”

http://money.cnn.com/2016/10/07/news/economy/obama-15-million-jobs/

Where in the hell are those jobs!

Especially if you are a white American!

From Zero Hedge December 2, 2016.

“Payrolls Rise 178K As Unemployment Rate Tumbles To 4.6% But Average Hourly Earnings Worst Since 2014

While the headline November payrolls print came in almost on top of expectations at 178K, vs consensus of 180K there were two big surprises in today’s report, one being the unemployment rate which plunged from 4.9% to 4.6%, well below the 4.9% expected, but the biggest negative surprise was that the Average hourly earnings in November dropped by 0.1%, far below last month’s 0.4% rise, and below the 0.2% expected with the annual increase growing by a far more modest 2.5% than the 2.8% expected.”

http://www.zerohedge.com/news/2016-12-02/payrolls-rise-178k-unemployment-rate-tumbles-46-average-hourly-earnings-slide

“Multiple Jobholders Hit New All Time High As Part-Time Jobs Soar

While today’s headline jobs number was essentially Goldilocks, with the payrolls print missing the expected print of 180K by just 2,000 jobs, it was accompanied by a plunge in the unemployment rate to 9 year lows as a result of a jump in the number of people leaving the labor force, and rising to a new all time high of over 95 million. But while the quantitative headline aspect is open to interpretation, the qualitative component of the November jobs print was – just like in the case of October – quite clear: it was ugly, again.

Recall that in October, the Household Survey revealed that the number of full-time workers tumbled by 103,000 as part-time workers jumped by 90,000. The trend continued in November, when another 118,000 part-time jobs were added, paired with a far more modest 9,000 increase in full -time jobs.”

http://www.zerohedge.com/news/2016-12-02/multiple-jobholders-hit-new-record-high-part-time-jobs-soar

“Americans Not In The Labor Force Soar To Record 95.1 Million: Jump By 446,000 In One Month

So much for that much anticipated rebound in the participation rate.

After it had managed to post a modest increase in the early part of the year, hitting the highest level in one year in March at 63%, the disenchantment with working has returned, and the labor force participation rate had flatlined for the next few month, ultimately dropping in November to 62.7%, just shy of its 35 year low of 62.4% hit last October. This can be seen in the surge of Americans who are no longer in the labor force, who spiked by 446,000 in November, hitting an all time high of 95.1 million.”

http://www.zerohedge.com/news/2016-12-02/americans-not-labor-force-soar-record-951-million-surge-446000-one-month

 

More here:

https://citizenwells.com/

http://citizenwells.net/

Immigration legal and illegal destroying native born American jobs, 100% of female employment gains taken by foreigners since 2007, Half million fewer white Americans employed, Hispanic employment up 24 percent, Immigration surging 1.5 million arriving annually

Immigration legal and illegal destroying native born American jobs, 100% of female employment gains taken by foreigners since 2007, Half million fewer white Americans employed, Hispanic employment up 24 percent, Immigration surging 1.5 million arriving annually

“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

“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.”…US Labor Dept. September 2014

“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

 

Donald Trump is right.

Illegal immigration is a big problem.

Especially those with criminal backgrounds or tendencies.

Despite the lies from Obama and the media about the economy and jobs created, we have a huge employment problem in this country and a record number of people working multiple jobs.

As a result of Obamacare, too many of the jobs created are part time jobs.

Illegal aliens are taking jobs from native born Americans.

But so are legal aliens who are more likely to take higher paying jobs.

Consider the following:

“Straight from the US Labor Dept. November 4, 2016.

There are half a million fewer white Americans employed than in 2007 despite the lies from Obama about creating jobs and the growth in population.

There are over 10 million more white Americans not in  the labor force than in 2007.

Hispanic employment has increased 24 percent since 2007.”

““MULTIPLE JOBHOLDERS HITS 21ST CENTURY HIGH, AS FULL-TIME JOBS TUMBLE”

“Recall that in September, the Household Survey revealed that the number of part-time workers soared by 430,000 as full-time workers actually declined by 5,000. The trend continued in October, when another 103,000 full-time jobs were lost, which was offset by a 90,000 increase in part-time jobs. In other words, the transition to a part-time worker society appears to have resumed after a hiatus.”

“But perhaps even more troubling than the breakdown in September job quality, was another seldom-touted series: the number of Multiple jobholders, or people who are forced to hold more than one job due to insufficient wages or for other reasons. It was here that the red flashing light came on because when looked on an actual, unadjusted basis, the number of multiple jobholders rose to 8.050 million, the highest number this century.””

https://citizenwells.com/2016/11/04/october-2016-labor-dept-data-vindicates-trump-on-illegal-immigration-white-employment-decimated-big-hispanic-gains-obama-obamacare-legacy-fewer-whites-employed-fewer-full-time-jobs-multiple-job/

From the Washington Examiner August 7, 2016.

“Jobs shock: 100% of female employment gains taken by foreigners since 2007”

“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.

The jobs data released by the Bureau of Labor Statistics showed gains in the “employment level” among “foreign born women” and losses among “native born women.””

http://www.washingtonexaminer.com/jobs-shock-100-of-female-employment-gains-taken-by-foreigners-since-2007/article/2569824

From the Center for Immigration Studies February 2015.

“For Every New Job, Two New Immigrants

Government data collected in December 2014 show 18 million immigrants (legal and illegal) living in the United States who arrived in January 2000 or later. But only 9.3 million jobs were added over this time period. In addition, the native-born population 16 and older grew by 25.2 million. Because job growth has not come close to matching immigration and population growth, the share of Americans in the labor force has declined dramatically — a clear indication there is no labor shortage. Despite this, Congress is considering proposals to increase legal immigration even further; and during the last Congress the Senate actually passed the Schumer-Rubio bill (S.744), which would have doubled legal immigration and legalized illegal immigrants.1 Congress’s disregard for the absorption capacity of the U.S. labor market has profound consequences for American workers.”

http://cis.org/for-every-new-job-two-new-immigrants

From the Center for Immigration Studies October 2016.

“Immigration Surging; 1.5 Million Arriving Annually”

“A Center for Immigration Studies (CIS) analysis of newly released data from the Census Bureau’s American Community Survey (ACS) shows that 1.5 million new immigrants (legal and illegal) are settling in the country each year. The ACS is the Bureau’s largest survey and the new findings confirm research published by the Center in June of this year based on a much smaller Bureau survey, which also showed a significant increase in new arrivals in 2014 and 2015.1 Newly arrived immigrants include new green card holders (permanent residents); long-term “temporary” visitors who often stay permanently, such as guest workers and foreign students; and new illegal immigrants.”

“The just-released public-use data from the American Community Survey shows 1.5 million new immigrants (legal and illegal) arrived in 2014, and another 914,000 arrived in just the first six months of 2015.”

“The number who arrived in 2014 represent a 17 percent increase over the number who came in 2013, and a 38 percent increase over the number who came in 2011.”

“As a share of the U.S. population, 13.5 percent are now immigrants — the highest percentage in 105 years. As recently as 1970, less than 5 percent of the population were immigrants.”

http://cis.org/immigration-Surging-1.5-Million-Arriving-Annually-

From the Center for Immigration Studies November 15,  2016.

“The federal government is reassigning approximately 150 Border Patrol agents on temporary duty to assist the Rio Grande Valley Border Patrol sector. The agents will help get a handle on the flood of aliens attempting illegal entry into the United States before the Trump administration takes office and, we have been promised, border security will be taken seriously.

The aliens’ surge is no surprise. Actually it’s been going on for many months, though without much press visibility, quite possibly because our friends in the mainstream media didn’t want to air anything that might help tip the election toward Donald Trump.

Truth be told, this is a continuation of the very same surge of aliens that began in 2013 and that briefly held public attention in 2014, before the Obama administration took its usual course by dropping an invisibility cloak over the whole mess while quietly laundering these aliens into the interior at great expense to the taxpayer.”

“More likely is that all these agents will be allowed to do is continue engaging in a sophisticated catch-and-release program, processing the aliens (often without having served them charging documents to appear in immigration court) only to pass them along for long-term resettlement.

Until I see proof, real proof, to the contrary, I will have to believe this is one last shell game in the waning days of an outrageous and ineffectual administration steadfastly pursuing its transformational agenda against the headwinds of the election.”

http://cis.org/cadman/confronting-surge-enforcement-theater

Illegal immigration is a big problem.

But why are we allowing so many legal immigrants to become US Citizens and take jobs away from native born Americans whose ancestors’ blood, sweat, toil and tears built and saved this country?

Get this message to the Trump Administration!!!

 

More here:

https://citizenwells.com/

http://citizenwells.net/

 

October 2016 Labor Dept. data vindicates Trump on illegal immigration, White employment decimated, Big Hispanic gains, Obama Obamacare legacy, Fewer whites employed, Fewer full time jobs, Multiple jobholders increase, Obamacare has reduced employment in most states by between 1.5% and 3%

October 2016 Labor Dept. data vindicates Trump on illegal immigration, White employment decimated, Big Hispanic gains, Obama Obamacare legacy, Fewer whites employed, Fewer full time jobs, Multiple jobholders increase, Obamacare has reduced employment in most states by between 1.5% and 3%

“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

“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.”…US Labor Dept. September 2014

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

 

 

Straight from the US Labor Dept. November 4, 2016.

There are half a million fewer white Americans employed than in 2007 despite the lies from Obama about creating jobs and the growth in population.

There are over 10 million more white Americans not in  the labor force than in 2007.

Hispanic employment has increased 24 percent since 2007.

Donald Trump is right.

Illegal aliens are taking American jobs.

From Zero Hedge November 4, 2016.

“Multiple Jobholders Hits 21st Century High, As Full-Time Jobs Tumble”

“Recall that in September, the Household Survey revealed that the number of part-time workers soared by 430,000 as full-time workers actually declined by 5,000. The trend continued in October, when another 103,000 full-time jobs were lost, which was offset by a 90,000 increase in part-time jobs. In other words, the transition to a part-time worker society appears to have resumed after a hiatus.”

“But perhaps even more troubling than the breakdown in September job quality, was another seldom-touted series: the number of Multiple jobholders, or people who are forced to hold more than one job due to insufficient wages or for other reasons. It was here that the red flashing light came on because when looked on an actual, unadjusted basis, the number of multiple jobholders rose to 8.050 million, the highest number this century.”

http://www.zerohedge.com/news/2016-11-04/multiple-jobholders-hit-new-all-time-high-full-time-jobs-tumble

From Zero Hedge November 4, 2016.

“Obamacare Is Raising Premiums And Lowering Employment

Health care insurance premiums will increase significantly next year as a result of the Affordable Care Act, and many consumers will be left with access to only a single insurance provider, according to administration officialsArizona will see the biggest spike in prices (a whopping 116 percent), while Oklahoma will see a spike of 69 percent and Tennessee, Minnesota, and Alabama will see spikes of around 60 percent. The national average will be about 25 percent, the administration says.

Columnist Mary Katharine Ham wrote recently about how “My Defective Obamacare Health Insurance Product Just Blew Up.” Last year, her insurance plan’s cost went up by almost 60 percent. The plan had been purchased on the Affordable Care Act “marketplace.” This year, things got much worse:

My premium is going up 96 percent. Ninety-six percent. My monthly payment, which was the amount of a decent car payment, is now the size of a moderate mortgage. The president refers to these for thousands of citizens as “a few bugs” when to us it feels like a flameout.

 

For this astronomical payment, I get a plan with an astronomical deductible that my healthy family of three will likely never hit except in the most catastrophic of circumstances.

Before Obamacare, she, like many other people, had a better plan at a lower price: ”

“Obamacare has already reduced employment in most states by between 1.5% and 3%, according to Georgetown University’s Tomas Wind. The law will slow economic growth over the next decade, costing the nation about 2.3 million jobs and contributing to a $1 trillion increase in projected deficits, the Congressional Budget Office said in a report released in 2014.”

http://www.zerohedge.com/news/2016-11-04/obamacare-raising-premiums-and-lowering-employment

Remember, Hillary Clinton will keep Obamacare and continue or worsen Obama’s idiotic policies.

 

 

More here:

https://citizenwells.com/

http://citizenwells.net/

 

 

 

Jim Clifton recovering economy another lie, Unemployment rate lie, CEO Gallup, 25 million people whose economic lives have crashed, Invisible in reported 4.9% official U.S. unemployment rate, Devastated American remains counted as “full-time employed”

Jim Clifton recovering economy another lie, Unemployment rate lie, CEO Gallup, 25 million people whose economic lives have crashed, Invisible in reported 4.9% official U.S. unemployment rate, Devastated American remains counted as “full-time employed”

“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.”…US Labor Dept. September 2014

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

And if all others accepted the lie which the Party imposed
–if all records told the same tale–then the lie passed into
history and became truth. “Who controls the past,” ran the
Party slogan, “controls the future: who controls the present
controls the past.”…George Orwell, “1984″

 

From Gallup September 20, 2016.

“The Invisible American”

“I’ve been reading a lot about a “recovering” economy. It was even trumpeted on Page 1 of The New York Times and Financial Times last week.

I don’t think it’s true.

The percentage of Americans who say they are in the middle or upper-middle class has fallen 10 percentage points, from a 61% average between 2000 and 2008 to 51% today.

SocialClassSelfID_Chairmansblog_91916[1]-edit2

Ten percent of 250 million adults in the U.S. is 25 million people whose economic lives have crashed.

What the media is missing is that these 25 million people are invisible in the widely reported 4.9% official U.S. unemployment rate.

Let’s say someone has a good middle-class job that pays $65,000 a year. That job goes away in a changing, disrupted world, and his new full-time job pays $14 per hour — or about $28,000 per year. That devastated American remains counted as “full-time employed” because he still has full-time work — although with drastically reduced pay and benefits. He has fallen out of the middle class and is invisible in current reporting.

More disastrous is the emotional toll on the person — the sudden loss of household income can cause a crash of self-esteem and dignity, leading to an environment of desperation that we haven’t seen since the Great Depression.

Millions of Americans, even if they themselves are gainfully employed in good jobs, are just one degree away from someone who is experiencing either unemployment, underemployment or falling wages. We know them all.

There are three serious metrics that need to be turned around or we’ll lose the whole middle class.

  1. According to the U.S. Bureau of Labor Statistics, the percentage of the total U.S. adult population that has a full-time job has been hovering around 48% since 2010this is the lowest full-time employment level since 1983.
  2. The number of publicly listed companies trading on U.S. exchanges has been cut almost in half in the past 20 years — from about 7,300 to 3,700. Because firms can’t grow organically — that is, build more business from new and existing customers — they give up and pay high prices to acquire their competitors, thus drastically shrinking the number of U.S. public companies. This seriously contributes to the massive loss of U.S. middle-class jobs.
  3. New business startups are at historical lows. Americans have stopped starting businesses. And the businesses that do start aregrowing at historically slow rates.

Free enterprise is in free fall — but it is fixable. Small business can save America and restore the middle class.

Gallup finds that small businesses — startups plus “shootups,” those that grow big — are the engine of new economic energy. According to the U.S. Small Business Administration, 65% of all new jobs are created by small businesses, not large ones.

Here’s the crisis: The deaths of small businesses recently outnumbered the births of small businesses. The U.S. Census Bureau reports that the total number of business startups and business closures per year crossed for the first time in 2008. In the nearly 30 years before that, the U.S. consistently averaged a surplus of almost 120,000 more business births than deaths each year. But from 2008 to 2011, an average of 420,000 businesses were born annually, while an average of 450,000 per year were dying.”

Read more:

http://www.gallup.com/opinion/chairman/195680/invisible-american.aspx

From Citizen Wells February 3, 2015.

“Citizen Wells and others such as Rush Limbaugh have been warning and informing you about the real economy and jobs situation.

From Citizen Wells January 29, 2015.

“The plummet of the labor force participation rate in NC, other states and the US is big news and should be more widely reported.

The percentage of the population working is also important and in some ways more significant.

Since the big news today was the lowest so called initial claims number in 15 years let’s go back to January 2000 and compare the employment to population percent from then to now.

US

Jan 2000     64.6

Dec 2014      59.2

That’s a plummet of 5.4 percent!

NC

Jan 2000     65.1

Dec 2014      56.5

That’s a plummet of 8.6 percent !!!

So much for the improved economy and jobs situation.

I warned you we were in the age of Big Brother and “1984.””

From Gallup CEO Jim Clifton 

“The Big Lie: 5.6% Unemployment”

“Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast “falling” unemployment.

There’s another reason why the official rate is misleading. Say you’re an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 — maybe someone pays you to mow their lawn — you’re not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn’t get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find — in other words, you are severely underemployed — the government doesn’t count you in the 5.6%. Few Americans know this.

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.

And it’s a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual’s primary identity, their very self-worth, their dignity — it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen’s talents, training and experience, we are failing the great American dream.”

https://citizenwells.com/2015/02/03/5-6-percent-unemployment-rate-big-lie-gallups-jim-clifton-white-house-wall-street-and-media-lies-30-million-americans-out-of-work-or-severely-underemployed-percent-of-population-working-plummets/

 

 

More here:

https://citizenwells.com/

http://citizenwells.net/