Category Archives: Economy

Orwellian US government BLS and media feed dumbed down population, Should You Believe What They Tell You? Or What You See?, Economy is strong and jobs are plentiful?, Ignorance is strength

Posted on December 12, 2014 | 33 comments

Orwellian US government BLS and media feed dumbed down population, Should You Believe What They Tell You? Or What You See?, Economy is strong and jobs are plentiful?, Ignorance is strength

“Facts do not cease to exist because they are ignored.”…Aldous Huxley

“Not every item of news should be published: rather must
those who control news policies endeavor to make every item
of news serve a certain purpose.”… Joseph Goebbels

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

 

 

The same dumbed down low information people who believe the lies about the Ferguson incident believe the lies being told about the economy and jobs situation.

Sadly, even so called more educated folks believe and regurgitate reports on the economy and jobs provided by the BLS and mainstream media.

Once again, thanks to Zero Hedge for this article.

“Should You Believe What They Tell You? Or What You See?”

“Sometimes I wish I could just passively accept what my government monarchs and their mainstream media mouthpieces feed me on a daily basis. Why do I have to question everything I’m told? Life would be much simpler and I could concentrate on more important things like the size of Kim Kardashian’s ass, why the Honey Boo Boo show was canceled, the Victoria Secret Fashion Show, whether I’ll get a better deal on Chinese slave labor produced crap on Black Thanksgiving, Black Friday, or Cyber Monday, fantasy football league standings, the latest NFL player to knockout their woman and get reinstated, Obama’s latest racial healing plan, which Clinton or Bush will be our next figurehead president, or the latest fake rape story from Rolling Stone. The willfully ignorant masses, dumbed down by government education, lured into obesity by corporate toxic packaged sludge disguised as food products, manipulated, controlled and molded by an unseen governing class of rich men, and kept docile through never ending corporate media propaganda, are nothing but pawns to the arrogant sociopathic pricks pulling the wires in this corporate fascist empire of debt.”

“The level of data massaging by the government and their co-conspirators on Wall Street and in the corporate media is a futile attempt at a happy ending that will never come to fruition. The intensity and relentlessness with which the state and its quasi-state minions attempt to paint a false picture of economic recovery is equal parts arrogance and desperation. The arrogance is a function of successfully pulling off the greatest heist in world history from 2003 through 2008 with no adverse consequences, no criminal charges, no penalties for their crimes, and more power and wealth than they had prior to 2003. The only way to stop sociopaths is to throw them in jail or kill them. In our dystopian paradise of greed, they were rewarded with trillions in rescue packages by their cohorts in crime at the Federal Reserve and in Congress. They’ve paid themselves billions in bonuses for gorging at the Federal Reserve trough of QE and ZIRP. The desperation is borne from the fact that after $7.5 trillion of debt added by the Federal government and $3.5 trillion of debt created by the Federal Reserve since 2009, the Greater Depression for average Americans deepens by the day.

The men pulling the strings behind the scenes are drunk with power and their hubris allows them to believe their own infallibility and blinds them to the dire consequences for our country when their debt Ponzi scheme fails. But, as we grow ever closer to the day of reckoning, they will use every means at their disposal to paint a positive picture, regardless of the facts and reality for the average person. The examples of twisting, distorting and outright lying about the economic reality of our times are endless. These are some of the major false storylines peddled by our benevolent corporate fascist leaders:

The BLS reported 321,000 jobs added in November and the unemployment rate at 5.8%. Jobs are plentiful, based upon these statistics.

A skeptical critical thinking individual might ask a few questions or point out a few inconvenient facts the government purveyors of propaganda might not want us to ponder:

  • The non-manipulated, non-seasonally adjusted number of jobs in November FELL by 270,000. The BLS added 600,000 jobs as an adjustment to achieve the headline grabbing result.
  • If the jobs market is so good, why is the labor participation rate at a 30 year low of 62.8%?
  • Since 2007 the number of working age Americans has risen by 17 million, while the number of employed has risen by less than 1 million, but the unemployment rate is about the same.
  • Why would almost 14 million working age Americans leave the labor force since 2007 if the economy is booming and jobs plentiful, with 1.2 million leaving in the last 12 months?
  • Why would payroll tax receipts be flat with last year if millions of new jobs have been created?
  • If the country has really added 8 million jobs since 2010, how could real median household income FALL by 2.3%?”

 

“According to the government reported figures, the economy hasn’t been this strong since 2007. GDP has supposedly grown at greater than 4% over the last two quarters.

Anyone who is sentient knows consumer spending accounts for 68% of GDP. Capital investments that lead to long term prosperity continue to decline as a percentage of GDP from 20% in 2000 to 16% today. We’ve chosen consumption and financialization over savings and investment. This fact leads to some observations:

  • If GDP has actually grown by 20% since 2008 how does this correlate with a 6.9% decline in real median household income?
  • GDP has been goosed by a $69 billion increase in government spending, with the majority going to the military industrial complex. ISIS has been a godsend for our GDP and arms dealer profits.
  • GDP was increased retroactively by $500 billion last year based on a new way the government accounts for intangibles.
  • The surge in consumer expenditures over the last two quarters has been in the purchase of services. The higher costs for Obamacare are a boon for GDP. Are they a boon for your bank account?
  • The trade deficit has fallen as exports of petroleum products have temporarily provided a boost to GDP. The collapse in oil prices will reverse that trend rapidly.”

 

Read more:

http://www.zerohedge.com/news/2014-12-11/should-you-believe-what-they-tell-you-or-what-you-see

 

33 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Government, Jobs, media, News, Newspapers, Obama, Obama administration, Obama lies, Obama Nation, Obama records, The Case Against Barack Obama

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Obama economy and Obamacare create more homeless kids, 2.5 million children, 1 in 30 American kids, 8 percent increase from 2012 to 2013, Increased in 31 states and DC, Record dropouts in labor force, Record food stamps

Posted on November 17, 2014 | 24 comments

Obama economy and Obamacare create more homeless kids, 2.5 million children, 1 in 30 American kids, 8 percent increase from 2012 to 2013, Increased in 31 states and DC, Record dropouts in labor force, Record food stamps

“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 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

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

 

 

Smoke and mirrors will work for a while.

The 2014 elections helped reveal the truth.

The financial markets have been propped up by the fed.

There has been a disconnect between Wall St. and Main St. or more troubling, no street, no home no hope.

2.5 million children in the US are homeless.

There was an increase of 8 percent from 2012 to 2014.

Obama’s self serving policies are a big reason for this.

Record numbers of people have dropped out of the labor force.

Record numbers of people have had their hours reduced or could only find part time jobs as a direct result of Obamacare.

Record numbers of people depend on public assistance.

From the National Center for Family and Homelessness.

“America’s Youngest Outcasts reports on child homelessness in the United States based on the most recent federal data that comprehensively counts homeless children, using more than 30 variables from over a dozen established data sets.
A staggering 2.5 million children are now homeless each year in America. This historic high represents one in every 30 children in the United States. Child homelessness increased in 31 states and the District of Columbia from 2012 to 2013. Children are homeless in every city, county, and state—every part of our country.
Based on a calculation using the most recent U.S. Department of Education’s count of homeless children in U.S. public schools and on 2013 U.S. Census data:
• 2,483,539 children experienced homelessness in the U.S. in 2013.
• This represents one in every 30 children in the U.S.
From 2012 to 2013, the number of children experiencing homelessness annually
in the U.S.:
• Increased by 8% nationally.
• Increased in 31 states and the District of Columbia.
• Increased by 10% or more in 13 states and the District of Columbia.”

“Prevalence of Child Homelessness in the United States
Based on 2013 data released in September 2014 by the U.S. Department of Education, combined with an estimate of younger non-school aged homeless children in the U.S., the number of children experiencing homelessness annually is 2,483,539—or 2.5 million children, an historic high. Using U.S. Census estimates of the total population of children under 18 years in 2013, this represents one in every 30 children.1”

HomelessKids

Read more:

Click to access 280.pdf

 

 

 

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Posted in 2009 Stimulus Bill, Americans, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Jobs, Obama, Obama administration, Obama lies, Obama Nation, Obama records, ObamaCare, The Case Against Barack Obama

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Obama economy fails in election, Main street suffers while Wall St prospers for now, Jobs wages food stamps part time jobs replacing full time, You can’t fool all the people all the time

Posted on November 12, 2014 | 44 comments

Obama economy fails in election, Main street suffers while Wall St prospers for now, Jobs wages food stamps part time jobs replacing full time, You can’t fool all the people all the time

“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 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

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

 

 

 

Obama lies about jobs and the economy fooled only his hard core supporters.

Many of his young supporters are disenchanted.

Lincoln was right. You can’t fool all the people all the time.

The jobs situation, despite the best efforts of Obama and the mainstream media to obfuscate, is horrible.

Record numbers of people have dropped out of the labor force. Record numbers of part time jobs have been created or evolved from former full time jobs.

This is the only reason the stated unemployment rate has dropped.

We have record numbers of people on public assistance and food stamps.

Young people, instead of saving are taking from assets, living with their parents, unable to afford houses.

The financial markets are being propped up by the FED and accounting smoke and mirrors.

Once again, Zero Hedge provides insights.

“Why The Stock Market Is Detached From The Economy”

“Think about this for a moment. The stock market is comprised of thousands of companies doing business in the economy. Therefore, it only makes sense that the value of the stock market should be a reflection of the economy. As the economy ebbs and flows, so should the values of the companies that are operating within it. This idea can be demonstrated by looking at the real, inflation-adjusted, price of the S&P 500 as a percentage of real GDP.”

SP500-GDP-111114 (1)

“From 1960 through 1980 the economy was growing faster than asset prices as the U.S. was the manufacturing powerhouse of the post-WWII industrialized nations. However, beginning in 1982 the economy begin to shift from a production and manufacturing-based society to a service based economy with finance at the core. As interest rates and inflation began a 30-year decline, the demand for credit rose to offset a rising standard of living that outpaced both economic and wage growth. Between 1982 and 2000 the price of the market caught up with, and eventually surpassed, real economic growth.

Following the turn of the century, prices have continued to push higher as continued declines in inflationary pressures and interest rates were enhanced by sequential floods of liquidity from mortgage equity extractions, easy credit terms and recently direct injections from the Federal Reserve. Since 2000, the price of the market has far outpaced the growth of the underlying economy.”

“Over the last decade in particular, financial engineering has distorted the relationship between the financial markets and the underlying economy. Corporations have resorted to a host of tools to maintain asset prices in the face of weak economic growth. To wit:

“In order for profitability to surge, despite rather weak revenue growth, corporations have resorted to four primary weapons: wage reduction, productivity increases, labor suppression and stock buybacks. The problem is that each of these tools create a mirage of corporate profitability.”

Read more:

http://www.zerohedge.com/news/2014-11-11/why-stock-market-detached-economy

 

 

44 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Financial crisis, Jobs, Obama, Obama administration, Obama lies, Obama Nation, Obama records, The Case Against Barack Obama

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Obama and Federal Reserve lying about state of US Economy, Most Americans worse off, Labor force participation rate plummeted, Part time workers up 54 percent, Full time jobs million plus drop

Posted on October 22, 2014 | 32 comments

Obama and Federal Reserve lying about state of US Economy, Most Americans worse off, Labor force participation rate plummeted, Part time workers up 54 percent, Full time jobs million plus drop

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

“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 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

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

 

 

We have been trying to present the truth about the jobs situation and US economy despite the best efforts of the Obama Administration and media to obfuscate.

From Zero Hedge October 21, 2014.

“19 Surprising Facts About The Messed Up State Of The US Economy”

“Barack Obama and the Federal Reserve are lying to you.  The “economic recovery” that we all keep hearing about is mostly just a mirage.  The percentage of Americans that are employed has barely budgedsince the depths of the last recession, the labor force participation rate is at a 36 year low, the overall rate of homeownership is the lowest that it has been in nearly 20 years and approximately 49 percent of all Americans are financially dependent on the government at this point.  In a recent article, I shared 12 charts that clearly demonstrate the permanent damage that has been done to our economy over the last decade.  The response to that article was very strong.  Many people were quite upset to learn that they were not being told the truth by our politicians and by the mainstream media.  Sadly, the vast majority of Americans still have absolutely no idea what is being done to our economy.  For those out there that still believe that we are doing “just fine”, here are 19 more facts about the messed up state of the U.S. economy…

#1 After accounting for inflation, median household income in the United States is 8 percent lower than it was when the last recession started in 2007.

#2 The number of part-time workers in America has increased by 54 percent since the last recession began in December 2007.  Meanwhile, the number of full-time jobs has dropped by more than a millionover that same time period.

#3 More than 7 million Americans that are currently working part-time jobs would actually like to have full-time jobs.

#4 The jobs gained during this “recovery” pay an average of 23 percent less than the jobs that were lost during the last recession.

#5 The number of unemployed workers that have completely given up looking for work is twice as highnow as it was when the last recession began in December 2007.

#6 When the last recession began, about 17 percent of all unemployed workers had been out of work for six months or longer.  Today, that number sits at just above 34 percent.

#7 Due to a lack of decent jobs, half of all college graduates are still relying on their parents financially when they are two years out of school.

#8 According to a new method of calculating poverty devised by the U.S. Census Bureau, the state of California currently has a poverty rate of 23.4 percent.

#9 According to the New York Times, the “typical American household” is now worth 36 percent less than it was worth a decade ago.

#10 In 2007, the average household in the top 5 percent had 16.5 times as much wealth as the average household overall.  But now the average household in the top 5 percent has 24 times as much wealth as the average household overall.

#11 In an absolutely stunning development, the rate of small business ownership in the United States has plunged to an all-time low.

#12 Subprime loans now make up 31 percent of all auto loans in America.  Didn’t that end up really badly when the housing industry tried the same thing?

#13 The average cost of producing a barrel of shale oil in the United States is approximately 85 dollars.  Now that the price of oil is starting to slip under that number, the “shale boom” in America could turn into a bust very rapidly.

#14 On a purchasing power basis, China now actually has a larger economy than the United States does.

#15 It is hard to believe, but there are 49 million people that are dealing with food insecurity in America today.

#16 There are six banks in the United States that pretty much everyone agrees fit into the “too big to fail” category.  Five of them have more than 40 trillion dollars of exposure to derivatives.

#17 The 113 top earning employees at the Federal Reserve headquarters in Washington D.C. make an average of $246,506 a year.  It turns out that ruining the U.S. economy is a very lucrative profession.

#18 We are told that the federal deficit is under control, but the truth is that the U.S. national debt increased by more than a trillion dollars during fiscal year 2014.

#19 An astounding 40 million dollars has been spent just on vacations for Barack Obama and his family.  Perhaps he figures that if we are going down as a nation anyway, he might as well enjoy the ride.”

Read more:

http://www.zerohedge.com/news/2014-10-21/19-surprising-facts-about-messed-state-us-economy

 

 

32 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Federal Reserve, Jobs, Obama, Obama administration, Obama lies, Obama Nation, Obama records, ObamaCare, The Case Against Barack Obama, Unemployment

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Obama media lies on September jobs report, Election year spin hides horrible jobs situation and economy, Janet Yellen questions job strength, Federal Reserve publishes labor market conditions index

Posted on October 5, 2014 | 35 comments

Obama media lies on September jobs report, Election year spin hides horrible jobs situation and economy, Janet Yellen questions job strength, Federal Reserve publishes labor market conditions index

“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

“Approximately 1 million more people could only find part time employment since Obama took office in January 2009.”…Citizen Wells August 2013

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

 

If you are making investment decisions based on what you are reading in the mainstream media, you had better read the following.

The normal pro Obama media has outdone itself.

Why?

It is an election year and Obama is in trouble.

The recent stated unemployment rate of 5.9 percent was compared as the best since 2008.

What they did not tell you is the following reported at Citizen Wells on October 3, 2014.

“There were 315,000 more people not in the labor force in September. That is far more than the 248,000 jobs that were added.

The labor force participation rate at 62.7 percent is 3 percent higher than when Obama took office.

They are comparing the current unemployment rate to 2008. The rate was 5.8 percent in July 2008. However, the participation rate then was 66.1 percent.

That is 3.4 percent higher than today.

You do the math!

Also, there were 45,000 more people in September , not in the labor force who want a jobs now.

And don’t forget this from the Labor Dept.

“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.”

https://citizenwells.wordpress.com/2014/10/03/september-unemployment-rate-lowest-since-2008-248k-jobs-added-truth-is-more-people-dropped-out-of-labor-force-than-jobs-added-participation-rate-down-3-percent-since-jan-2009-excessive-part-time/

That is bad enough.

But it gets worse.

Straight from the US Labor Dept.

The unemployment rate for blacks is 11 percent. It was 10 percent in July 2008.

The lowest labor force participation rate during the 8 years of George Bush was 65.8 percent.

It is currently 62.7 percent with this great Obama economy.

The highest number of people unemployed over 27 weeks during the 8 years of George Bush was 2,610,000.

The highest number under Obama was 6,770,000. It is currently 2,954,000 and would be higher if so many people had not dropped out of the labor force.

When Obama took office in January 2009 there were 5,708,000 million people not in the labor force who want a job now. There are currently 6,349,000 people in that category.

There are 12 million more people not in the labor force than when Obama took office in 2009.

From the Greensboro News Record October 3, 2014.

“For example, there were 7.1 million people working part-time jobs last month even though they would prefer full-time work. That figure is up from just 4.6 million before the recession.

And there are 3 million people who have been out of work for more than six months. That figure has declined steadily in the past three years but is still more than double its precession total.”

Read more:

http://www.news-record.com/news/u-s-jobless-rate-falls-to–year-low-of/article_d51fda54-4b05-11e4-b8be-001a4bcf6878.html?TNNoMobile

Janet Yellen has been raising concerns about the validity of the jobs data for months.

From Market Watch October 1, 2014.

“Starting next week, a new indicator may roil the markets

The Federal Reserve will publish a new monthly gauge of the health of the labor market, called the labor market conditions index, beginning next Monday, the central bank announced Wednesday.

The report is an attempt to dig deeper into labor market trends beyond the standard monthly unemployment rate measure.

Fed Chairwoman Janet Yellen and her allies have argued that the improvement in the unemployment rate over the past year has overstated the strength of the labor market. How much slack remains in the economy is a key factor in how patient the central bank can be before lifting off short-term interest rates from zero.”

Read More:

http://blogs.marketwatch.com/capitolreport/2014/10/01/starting-next-week-a-new-indicator-may-roil-the-markets/

From “1984” by George Orwell.

“But actually, he thought as he re-adjusted the Ministry of Plenty’s figures, it was not even forgery. It was merely the substitution of one piece of nonsense for another. Most of the material that you were dealing with had no connexion with anything in the real world, not even the kind of connexion that is contained in a direct lie. Statistics were just as much a fantasy in their original version as in their rectified version. A great deal of the time you were expected to make them up out of your head. For example, the Ministry of Plenty’s forecast had estimated the output of boots for the quarter at one-hundred-and-forty-five million pairs. The actual output was given as sixty-two millions. Winston, however, in rewriting the forecast, marked the figure down to fifty-seven millions, so as to allow for the usual claim that the quota had been overfulfilled. In any case, sixty-two millions was no nearer the truth than fifty-seven millions, or than one-hundred-and-forty-five millions. Very likely no boots had been produced at all. Likelier still, nobody knew how many had been produced, much less cared. All one knew was that every quarter astronomical numbers of boots were produced on paper, while perhaps half the population of Oceania went barefoot. And so it was with every class of recorded fact, great or small. Everything faded away into a shadow-world in which, finally, even the date of the year had become uncertain.”

 

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Posted in 1984, Barack Obama, Big Brother, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, George Orwell, Government, Labor Day, Lies, media, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, Orwellian, The Case Against Barack Obama, US economy

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Obama Fed economy brings families together, In laws and nonrelatives added to family households picked up last year, Improving economy and job growth lies exposed, Young people have higher debt and can’t afford homes

Posted on September 28, 2014 | 24 comments

Obama Fed economy brings families together, In laws and nonrelatives added to family households picked up last year, Improving economy and job growth lies exposed, Young people have higher debt and can’t afford homes

“For now, the absence of young adults from the housing market continues to put a dent in the homeownership rate, which dropped to 64.8% in the first quarter, compared with 65.2% in the fourth quarter of 2013, according to U.S. Census statistics. The rate was as high as 69.2% in the fourth quarter of 2004. For those younger than 35, the rate has fallen noticeably faster. It slipped to 36.2% in the first quarter, from 36.8% in the fourth. The homeownership rate for this group was as high as 43.6% in the second quarter of 2004.”…Market Watch May 12, 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

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

 

 

We are constantly hearing from the White House and Obama controlled media about an improving economy and jobs situation.

You can fool someone with smoke and mirrors for awhile but eventually the smoke dissipates and the mirrors begin to reflect reality.

Aside from the skyrocketing use of food stamps and other public assistance, record labor force dropouts, frightening levels of student debt and subsequent inability of young people to buy homes, we have another example of the impact of Obama and Fed policies.

From Market Watch September 27, 2014

“Doubled-up homes aren’t just for couch-surfing adult kids (and reluctant parents) anymore”

“With the economy growing in fits and starts, an increase in “doubled-up” homes isn’t just young adults moving into their parents’ basements, according to a recent economic research note.

The number of in-laws and nonrelatives added to family households picked up last year, housing economist Thomas Lawler wrote in a Friday note.

“There was a substantial increase in the ‘doubling-up’ (or more) of households not attributable to ‘young adults’ moving back to their parents’ home,” he wrote.

Crunching government data, Lawler found that in 2013, the population of family households (these are homes that contain families and may include other individuals) added 577,000 householders, spouses and children — down 49% from an average annual increase of 1.1 million between 2010 and 2012. Meanwhile, the number of in-laws and other relatives added to family homes hit 663,000 in 2013, double the recent average, and non-relatives rose more than 700% to 372,000.
Here are a few other trends worth watching:

About 164,000 non-family households with at least two people were formed last year, up from average annual growth of 65,000 between 2010 and 2012.”

Read more:

http://blogs.marketwatch.com/capitolreport/2014/09/27/doubled-up-homes-arent-just-for-couch-surfing-adult-kids-and-reluctant-parents-anymore/

 

24 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Family, Obama, Obama administration, Obama lies, Obama Nation, Obama records, ObamaCare, The Case Against Barack Obama, Unemployment

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Obama et al destroy US economy as they did Illinois, Suburban poor living in distressed neighborhoods grew by 139 percent, Illinois worst US recovery and twice as many food stamp recipients as new jobs

Posted on September 17, 2014 | 56 comments

Obama et al destroy US economy as they did Illinois, Suburban poor living in distressed neighborhoods grew by 139 percent, Illinois worst US recovery and twice as many food stamp recipients as new jobs

 

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

“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 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

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

 

 

I warned you early that Obama et al would do to the US economy what they did to Illinois.

From Citizen Wells March 29, 2012.

What do Obama and John Glennon have in common aside from associations with Stuart Levine and other Chicago corruption figures?

Involvement with the IL TRS, Teachers Retirement System.

What else do they have in common?

They were both involved with the TRS in 2002 and 2003.

What is significant about these years?

2003: “Of the five funds, the one in the sorriest shape is the Illinois Teacher Retirement System, which provides the pensions for suburban and downstate teachers. Its ratio of assets to liabilities stood at a mere 52 percent last year, so poor that it was considered among the five worst-funded plans in the country.”

https://citizenwells.wordpress.com/tag/obama-doing-to-us-what-he-did-to-illinois/

From Citizen Wells October 26, 2009.

“What is the current attempt by Obama and liberal Democrats at health care reform all about?

  • Appeasing their far left core support.
  • More control over the American people to get votes.
  • Payback to trial lawyers and other big supporters (refer to contribution table above).
  • Achieving the goals of far left, socialist, communists who are controlling the party with the goal of redistribution of wealth..

Truth about Obama Health care Reform

WOULD YOU TRUST OBAMA, ET AL WITH YOUR AND YOUR FAMILY’S HEALTH CARE?

Please pass this story along to Glenn Beck, Sean Hannity, Rush Limbaugh and as many people as possible. The story of Alonzo Monk pleading guilty has been barely covered. The much larger story of Monk’s involvement in Illinois corruption, the impact on health care in IL and Monk’s ties to Obama is a much bigger story. And the really big story is that Obama is trying to force health care changes on this country just like Rod Blagojevich tried, for the enrichment of himself and his cronies.”

https://citizenwells.wordpress.com/2009/10/26/alonzo-monk-pleads-guilty-obama-health-care-reform-rod-blagojevich-heath-care-illinois-pay-to-play-chicago-politics-chicago-corruption-obama-cronies-monk-and-obama-ties/

Here are some more recent examples.

From Illinois Policy September 16, 2014.

“Illinois’ sluggish jobs recovery is coming at a tremendous cost. For every post-recession job created in Illinois, nearly two people have enrolled in the Supplemental Nutrition Assistance Program, commonly known as food stamps.

In the recession era, the number of Illinoisans dependent on food stamps has risen by 745,000. Without adequate job creation in the state, Illinois families have had no choice but to depend upon food stamps to put bread on the table.

The Prairie State has had the worst recovery from the Great Recession of any state in the U.S. There are nearly 300,000 fewer Illinoisans working today than in January 2008, and 170,000 fewer payroll jobs.”

Read more:

Food-stamp enrollment in Illinois outpaces job creation by nearly 2-to-1

From the Brookings Institute July 31, 2014.

“This brief updates the 2011 report, The Re-Emergence of Concentrated Poverty, using the latest neighborhood-level poverty data from the American Community Survey for 2008 through 2012, to examine where and how poor populations have shifted at the neighborhood level. The 2008-2012 period captures the peak of the Great Recession and the sluggish recovery that followed, which as of 2012, had yet to translate to declines in the nation’s record-high poor population. These data reveal the extent to which concentrated disadvantage has grown since 2000 in the nation’s 100 largest metro areas, and how these trends have played out across city and suburban lines.3 In particular, the brief examines the changing incidence of both distressed neighborhoods, in which at least 40 percent of residents live below poverty, and high-poverty neighborhoods, where at least 20 percent of residents are poor.”

“As poverty increased and spread during the 2000s, the number of distressed neighborhoods in the United States—defined as census tracts with poverty rates of 40 percent or more—climbed by nearly three-quarters (Table 1). (Note that the analysis excludes both tracts with small populations and those where more than 50 percent of residents enrolled in college or graduate school.) The population living in such neighborhoods grew by similar margins (76 percent, or 5 million people) to reach 11.6 million by 2008-2012. Of those residents, 5.4 million were poor. By 2008-2012, the concentrated poverty rate—or share of poor residents living in distressed tracts—had reached  12.2 percent, up from 9.1 percent in 2000. This trend indicates that an increased share of poor individuals today face the “double burden” of not only their own poverty, but also the disadvantages of those around them.”

Read more:

http://www.brookings.edu/research/interactives/2014/concentrated-poverty#/M10420

 

Thanks to Citizen Wells commenters.

 

 

 

 

 

56 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Jobs, Obama, Obama administration, Obama lies, Obama Nation, Obama records, The Case Against Barack Obama

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Obama the job killer lies again about economy and jobs, First Obamacare and now minimum wage, Obamacare has killed jobs and created more part time, Minimum wage hurts workers and consumers, 11.5 million more not in the labor force since Obama took White House

Posted on September 1, 2014 | 126 comments

Obama the job killer lies again about economy and jobs, First Obamacare and now minimum wage, Obamacare has killed jobs and created more part time, Minimum wage hurts workers and consumers, 11.5 million more not in the labor force since Obama took White House

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

“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 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

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

 

 

Obama was at it again today doing what he does best.

Killing jobs and lying about his success.

From the Houston Chronicle September 1, 2014.

“President Barack Obama renewed his push for Congress to raise the minimum wage Monday in a buoyant accounting of the economy’s “revving” performance, delivered on behalf of Democrats opening their fall campaigns for the midterm congressional elections.

“America deserves a raise,” he told a union crowd in Milwaukee, vowing to keep a hard sell on Congress in much the way he once courted his wife. “I just wore her down,” he cracked.

Timing his push to Labor Day, the traditional start of the autumn campaign, Obama aggressively drew attention to recent economic gains, setting aside past caution on that subject.

“By almost every measure the American economy and American workers are better off than when I took office,” he said, rattling off a string of improving economic indicators even while acknowledging not all people are benefiting. “The engines,” he said, “are revving a little louder.”

It was, at least indirectly, a pep talk for Democrats facing tough races in a nation still gripped with economic anxieties.

The emphasis on the minimum wage is designed to draw campaign contrasts with Republicans, many of whom maintain that an increase would hurt small businesses and slow down hiring. No one expects Congress to act on it before the November elections.”

“Until now, Obama and his White House aides had been reluctant to draw too much attention to positive economic trends, worried that some may prove illusory or that, even if they hold, many working Americans continue to live on the edge of poverty and take no comfort in the upswing.”

Read more:

http://www.chron.com/news/politics/article/Obama-promoting-economic-gains-as-elections-near-5726093.php

There were 11.5 million more people not in the labor force in July 2014 than there were in January 2009 when Obama took the White House.

The labor force participation rate has dropped 2.8 percent.

There are record numbers of Americans on food stamps and government assistance.

It is well documented that Obamacare has killed jobs and created more part time employees.

Raising the minimum wage will kill jobs and impact consumers.

Companies pass on the cost of doing business to consumers and/or cut back on employees and employee benefits.

 

126 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Jobs, Labor Day, Lies, Obama, Obama administration, Obama lies, Obama Nation, Obama records, ObamaCare, The Case Against Barack Obama, Unemployment

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Greensboro News Record AP article Employment statistics show hiring is strong, August 29, 2014, Orwellian extrapolation, 11.5 million more not in labor force since Jan 2009, Could step up hiring?

Posted on August 29, 2014 | 54 comments

Greensboro News Record AP article Employment statistics show hiring is strong, August 29, 2014, Orwellian extrapolation, 11.5 million more not in labor force since Jan 2009, Could step up hiring?

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

“The Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones. As for the third message, it referred to a very simple error which could be set right in a couple of minutes. As short a time ago as February, the Ministry of Plenty had issued a promise (a ‘categorical pledge’ were the official words) that there would be no reduction of the chocolate ration during 1984. Actually, as Winston was aware, the chocolate ration was to be reduced from thirty grammes to twenty at the end of the present week. All that was needed was to substitute for the original promise a warning that it would probably be necessary to reduce the ration at some time in April.”…George Orwell, “1984”

 

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

 

 

There were 11.5 million more people not in the labor force in July 2014 than there were in January 2009 when Obama took the White House.

Of course there are going to be fewer layoffs.

There are fewer people working, payrolls have already been cut to the bone and there are more part time jobs.

The labor force participation rate has dropped 2.8 percent.

I expect the AP to take the questionable data and spin it in Orwellian fashion.

For example:

“When employers hold onto their workers, it suggests they are more confident in the economy and could step up hiring.”

Could?

Pigs could fly if properly equipped.

I was disappointed to find the following headline over the AP regurgitated article in the Greensboro News Record.

“Employment statistics show hiring is strong”

Here is the same article on the internet from CBS 46 Atlanta.

“The number of Americans seeking unemployment benefits slipped 1,000 last week to a seasonally adjusted 298,000, a low level that signals employers are cutting few jobs and hiring is likely to remain strong.

The four-week average, a less volatile measure, dropped to 299,750, the Labor Department said Thursday. That’s just 6,000 higher than four weeks ago, when the average fell to the lowest level in more than eight years.

“The downward trend … is now clear and strong,” said Ian Shepherdson, an economist at Pantheon Macroeconomics. Shepherdson forecasts that employers added 250,000 jobs this month.

Applications are a proxy for layoffs. When employers hold onto their workers, it suggests they are more confident in the economy and could step up hiring.

The applications data is the latest sign that the job market is steadily healing. Employers have added an average of 230,000 jobs a month this year, up from an average of 195,000 in 2013. Average job gains since February have been the best in eight years.

The unemployment rate ticked up to 6.2 percent in July from 6.1 percent in June. But that was because more Americans began looking for work. Most didn’t immediately find jobs, but the rising number of job seekers suggests that people are growing more confident about their prospects.”

Read more:

http://www.cbs46.com/story/26392282/applications-for-us-unemployment-aid-slip-to-298k

54 Comments

Posted in Associated press, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Jobs, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, ObamaCare, The Case Against Barack Obama, Unemployment

CBO raises 2014 budget deficit by 14 billion, Lowers GDP from 3.1 to 1.5 percent, Red ink to rise in coming years if Washington doesn’t change current laws, Lower tax revenue

Posted on August 27, 2014 | 63 comments

CBO raises 2014 budget deficit by 14 billion, Lowers GDP from 3.1 to 1.5 percent, Red ink to rise in coming years if Washington doesn’t change current laws, Lower tax revenue

“The number of people receiving health coverage through public exchanges under President Obama’s health-care overhaul will total roughly 25 million by 2018, will add more than $1 trillion to the federal deficit over the next decade and could very well create a small contingent of workers unwilling to work for fear of losing federal medical aid.”
“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 2014

“What do you think a stimulus is? It’s spending – that’s the whole point! Seriously.”…Barack Obama

 

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

 

 

From Market Watch August 27, 2014.

“CBO forecasts $506 billion budget deficit for 2014”
“The Congressional Budget Office on Wednesday raised its estimate of the federal government’s budget deficit for the current fiscal year as it slashed its growth forecast, and warned red ink was due to rise in coming years if Washington doesn’t change current laws.

In an update of budget and economic projections for 2014 to 2024, the nonpartisan CBO said the U.S. government’s deficit for fiscal 2014 will be $506 billion, or 2.9% of gross domestic product. The new estimate is $14 billion more than the agency’s prior estimate for the year, issued in April.

The new estimate is largely a result of lower-than-expected revenues for the year — particularly receipts of corporate taxes. CBO now estimates that all revenues will be 0.9% below its projection in April. Corporate tax revenues will be $315 billion in 2014, compared to a prior estimate of $351 billion, CBO said.”
“The agency lowered its projection of GDP growth for the year, to 1.5% from 3.1%, “reflecting the surprising economic weakness in the first half of the year.””
“But there are fiscal pressures on the horizon. The CBO said deficits will start to rise again after 2015, and approach $1 trillion in 2024.”

Read more:

http://www.marketwatch.com/story/cbo-forecasts-506-billion-budget-deficit-for-2014-2014-08-27?dist=countdown

 

63 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Congress, Deficit, Economy, Employment, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, ObamaCare, The Case Against Barack Obama

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