Category Archives: Economy

CBS poll 7 percent satisfied with Obamacare, Nov 20, 2013, Obama disapproval rating 57 percent, 61 percent disapprove of Obamacare, More evidence from California of Obamacare impact

CBS poll 7 percent satisfied with Obamacare, Nov 20, 2013, Obama disapproval rating 57 percent, 61 percent disapprove of Obamacare, More evidence from California of Obamacare impact

“If you like your health care plan, you’ll be able to keep your health care plan.”…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

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

 

 

CBS reported on a Obama Obamacare poll on November 20, 2013.

Clicking on the search results:

  1. Poll: Obamacare support, Obama approval sink to new lows – CBS 

    www.cbsnews.com/…/pollobamacare-support-oba…

    1 day ago

    Support for Obamacare has dropped 12 points in a month; Obama’s approval is on  At the same time, only 21 percent approve of the job congressional  This poll was conducted by telephone November 15-18, 2013 among  …”

Yielded:

“The page cannot be found

The page you requested cannot be found on the CBS News website.
The page may have been removed, had its name changed, or is just temporarily unavailable.”

Therefore, I present the entire “rectified” article from The Wayback Machine.

“Poll: Obamacare support, Obama approval sink to new lows”

 

“President’s approval rating plummets: How Obama will try to rebuild credibility
President Obama’s job approval rating has plunged to the lowest of his presidency, according to a new CBS News poll released Wednesday, and Americans’ approval of the Affordable Care Act has dropped it’s lowest since CBS News started polling on the law.

Thirty-seven percent now approve of the job Mr. Obama is doing as president, down from 46 percent in October — a nine point drop in just a month. Mr. Obama’s disapproval rating is 57 percent — the highest level for this president in CBS News Polls.

A rocky beginning to the opening of the new health insurance exchanges has also taken its toll on how Americans perceive the Affordable Care Act. Now, approval of the law has dropped to 31 percent – the lowest number yet recorded in CBS News Polls, and a drop of 12 points since last month. Sixty-one percent disapprove (a high for this poll), including 46 percent who say they disapprove strongly.

Republicans are nearly unanimous in their disapproval of the law, and now more than two-thirds of independents agree. Almost six in ten Democrats continue to support the law, but their support has dropped 16 points from last month – from 74 percent in October to 58 percent today. Support has dropped 11 points among independents and five points among Republicans.

More than a month after the health care exchanges opened, just one in 10 Americans think the sign-up for the exchanges has been going well. Instead, more than two-thirds think it’s not going well – including seven in 10 of those who have looked up information on the exchanges themselves.

And just a third of Americans are confident that the federal government’s healthcare website – HealthCare.gov – will be fixed by the December 1st deadline set by the Obama administration.

Thirty-four percent are at least somewhat confident, while almost two thirds are either not very or not at all confident. Fifty-five percent of Democrats are at least somewhat confident.

Just seven percent of Americans think the Affordable Care Act is working well and should be kept in place as it is. Far more, 48 percent, think there are some good things in the law, but changes are needed to make it work better, and another 43 percent think the law needs to be repealed entirely.

The president’s overall job approval rating has declined among many demographic groups since last month, including independents (a 12-point drop), men (down 9 points), and women (a 10-point drop). More women now disapprove than approve of the job Mr. Obama is doing as president.

When compared to recent two-term presidents, President Obama’s approval rating is similar to that of George W. Bush at this point in his presidency, but lower than the ratings of both Bill Clinton (58 percent) and Ronald Reagan (65 percent). In November 2005, 35 percent of Americans approved of the job President Bush was doing. That number mostly declined over the rest of his term, hitting a low of 20 percent in October 2008.

President Obama has also taken a hit on views of his honesty. During the presidential campaign last fall, 60 percent of voters said Mr. Obama was honest and trustworthy, but just 49 percent of Americans think that today.

Most Democrats (84 percent) say the president is honest and trustworthy, but most Republicans don’t think he is (77 percent). Independents are more divided in their assessments: 43 percent think President Obama is honest and trustworthy, but 53 percent don’t think he is.

The Parties in Congress

Both major parties in Congress are viewed negatively. Just 26 percent of Americans approve of how the Democrats in Congress are doing their job, down five points from last month and the party’s lowest approval measure since January 2012. At the same time, only 21 percent approve of the job congressional Republicans are doing, and 73 percent now disapprove — a slight drop from last month.

______________________________________________

This poll was conducted by telephone November 15-18, 2013 among 1,010 adults nationwide. Data collection was conducted on behalf of CBS News by Social Science Research Solutions of Media, Pa. Phone numbers were dialed from samples of both standard land-line and cell phones. The error due to sampling for results based on the entire sample could be plus or minus three percentage points. The error for subgroups may be higher. Interviews were conducted in English and Spanish. This poll release conforms to the Standards of Disclosure of the National Council on Public Polls.”

http://web.archive.org/web/20131120184257/http://www.cbsnews.com/8301-250_162-57613067/poll-obamacare-support-obama-approval-sink-to-new-lows/

From Zero Hedge November 20, 2013.
“The “Obamacare Shock” – One California Employer’s Terrifying True Story”

“My company, based in California, employs 600. We used to insure about 250 of our employees. The rest opted out. The company paid 50% of their premiums for about $750,000/yr.

Under obamacare, none can opt out without penalty, and the rates are double or triple, depending upon the plan. Our 750k for 250 employees is going to $2 million per year for 600 employees.

By mandate, we have to pay 91.5% of the premium or more up from the 50% we used to pay.

Our employees share of the premium goes from $7/week for the cheapest plan to $30/week. 95% of my employees were on that plan. Remember, we used to pay 50% now we pay 91.5% and the premiums still go up that much!!

The cheapest plan now has a deductible of $6350! Before it was $150. Employees making $9 to $10/hr, have to pay $30/wk and have a $6350 deductible!!! What!!!!

They can’t afford that to be sure. Obamacare will kill their propensity to seek medical care. More money for less care? How does that help them?”

Read more:

http://www.zerohedge.com/news/2013-11-20/obamacare-shock-one-california-employers-terrifying-true-story

 

 

 

 

 

Obama so called economic recovery hurts people just as Obamacare does, Behind economic and jobs reports are real people, Part time low paying jobs, Food stamps, Good jobs lacking

Obama so called economic recovery hurts people just as Obamacare does, Behind economic and jobs reports are real people, Part time low paying jobs, Food stamps, Good jobs lacking

“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

 “The “real” unemployment rate rose from 13.6% in September to 13.8% in October, according to figures released today by the Bureau of Labor Statistics”…CNS News November 8, 2013

“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″

 

I often tell my friends and associates that much of what we discuss is not about politics or ideologies.

It is about people.

I have tried to keep the real news about the economy and jobs in front of people.

The real economic news is scary, but like the impact of Obamacare, it is the human side that is the scariest.

Here are two articles from Zero Hedge that tell part of the story.

“Guest Post: Meet One Of The Victims Of The “Economic Recovery””

“Have you ever cried yourself to sleep because you had no idea how you were going to pay the bills even though you were working as hard as you possibly could?  You are about to hear from a single mother that has been there.”

“What you are about to read is an open letter to Barack Obama that has gone absolutely viral on the Internet in recent days.  It is a letter that a single mother named Yolanda Vestal posted on her Facebook page, and it has really struck a nerve because countless other young parents can clearly identify with what she is going through.  The following is the text of her letter…

Dear President Obama,

 

I wanted to take a moment to say thank you for all you have done and are doing. You see I am a single Mom located in the very small town of Palmer, Texas. I live in a small rental house with my two children. I drive an older car that I pray daily runs just a little longer. I work at a mediocre job bringing home a much lower paycheck than you or your wife could even imagine living on. I have a lot of concerns about the new “Obamacare” along with the taxes being forced on us Americans and debts you are adding to our country. I have a few questions for you Mr. President.

 

Have you ever struggled to pay your bills? I have.

 

Have you ever sat and watched your children eat and you eat what was left on their plates when they were done, because there wasn’t enough for you to eat to? I have.

 

Have you ever had to rob Peter to pay Paul, and it still not be enough? I have.

 

Have you ever been so sick that you needed to see a doctor and get medicine, but had no health insurance because it was too expensive? I have.

 

Have you ever had to tell your children no, when they asked for something they needed? I have.

 

Have you ever patched holes in pants, glued shoes, replaced zippers, because it was cheaper than buying new? I have.

 

Have you ever had to put an item or two back at the grocery store, because you didn’t have enough money? I have.

 

Have you ever cried yourself to sleep, because you had no clue how you were going to make ends meet? I have.

 

My questions could go on and on. I don’t believe you have a clue what Americans are actually going through and honestly, I don’t believe you care. Not everyone lives extravagantly. While your family takes expensive trips that cost more than most of us make in two-four years, there are so many of us that suffer. Yet, you are doing all you can to add to the suffering. I think you are a very selfish and cold hearted man, who does not care what is best for the people he was elected by (not by me) to represent, but more so out for the glory of your name attached to history. So thank you Mr. President, thank you for pushing those of us that are barely staying afloat completely under water and driving America into the ground. You have made your mark in history, as the absolute worst and most hated president of the United States. God have mercy on your soul!

 

Sincerely,

 

Yolanda Vestal

Average American

These are the kinds of emotions that millions of American parents are wrestling with on a daily basis.  Many of them are working as hard as they possibly can and yet still find themselves unable to adequately provide for their families.”

Read more:

http://www.zerohedge.com/news/2013-11-12/guest-post-meet-one-victims-economic-recovery

 

“”It’s Not Just Harder To Get A Job – It’s Harder To Get A Good Job””

“For many in the US, as WSJ reports based on the bifurcated ‘recovery’ in the US, the recession never ended, “we’re still in it… it feels like like we’re still in it and it’s getting worse.” Simply out, America’s jobs recovery is proceeding on two separate tracks – a pattern that is persisting far longer than after past economic rebounds and lately has been growing worse. For those with decent jobs, wages are rising, albeit slowly, and job security is the strongest it has been since before the recession. But many others – the young, the less educated and particularly the unemployed – are experiencing hardly any recovery at all.”

Read more:

http://www.zerohedge.com/news/2013-11-12/its-not-just-harder-get-job-its-harder-get-good-job

 

UNCG rec center spending hurts students, More spending like drunken sailors, UNC Greensboro students pay $ 707 to repay construction costs, Rec center portion $ 435

UNCG rec center spending hurts students, More spending like drunken sailors, UNC Greensboro students pay $ 707 to repay construction costs, Rec center portion $ 435

“…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”…Margaret Thatcher

“The cost of health insurance will climb from a range of $61 to $77 monthly to a range of $118 to $133 monthly, according to a memo sent from UNC President Tom Ross to the UNC Board of Governors. On an annual basis, most students will pay about $500 to $700 more in 2012-13, depending on the campus.”

“Mallette said the insurance increases are due to the health care usage of UNC system students during the past couple of years, plus federal regulations on preventive care and pharmacy services issued in March. The process is complicated, he said, by the new provisions of the Affordable Care Act.”…Charlotte Observer May 1, 2012

“You can’t fix stupid.”…Ron White

 

I have written about UNCG, UNC Greensboro, spending like drunken sailors before. Once again, in one of the worst economies since the Great Depreciation, they are raising student tuition due to their unchecked spending.

Between the UNCG Administration,  Obama and Obamacare, these students have a uphill struggle.

From the Greensboro News Record October 30, 2013.

“Students to protest fee for UNCG recreation center”

“Some UNCG students and faculty members will speak out on campus today against the university’s plans to build a new recreation center — and the costs that go with it.

UNCG students pay $707 a year to repay construction costs for six existing facilities and one planned building.

That’s the highest debt service in the UNC system.

The bulk of this debt service fee — $435 a year — goes toward a new student recreation center that UNCG plans to build on West Lee Street on the edge of the Glenwood neighborhood. The $91 million facility, more than twice the size of the current rec center, is scheduled to open in fall 2016.

Juan Miranda, a UNCG graduate student and alumnus, said the project’s size and cost is too much.

“They’re raising fees to pay for that shiny building that most students wouldn’t want to pay for,” said Miranda, who is organizing today’s event. “Students are having a difficult time staying in school because of a lack of affordability.””

Read more:

http://www.news-record.com/news/article_957c5824-356f-52ad-98d1-acc9f8c0afe4.html

UNCGrecCenter
“UNCG students, faculty protest new recreation center”

“Some UNCG students and faculty members spoke out Wednesday against the proposed construction of a new student recreation center on campus.

Seven people spoke at the event, held in front of the Jackson Library. It drew about 40 people, not including reporters.”

Read more:

http://www.news-record.com/news/article_24415d04-4181-11e3-a6a2-001a4bcf6878.html

From Citizen Wells August 20, 2012.

“Michelle Obama spoke at UNCG a few weeks ago.

“It means all of our kids should be able to go to college without a mountain of debt.”

“Because of this reform, our children can stay on our insurance until they’re 26 years old. (Applause.) So they don’t have to lose their health care when they graduate and they’re out there looking for a job, trying to build their lives.”

“I want you to tell them how many jobs he created. Tell them how much money he’s put back in the pockets of American people. You can tell them that more of our kids can afford college;”

https://citizenwells.wordpress.com/2012/08/02/michelle-obama-uncg-speech-august-1-2012-obama-lies-job-lies-tax-lies-college-tuition-lies-health-care-lies-student-loans-and-records-hidden/

Obama lies versus Obama reality.

From the front page of the Greensboro News & Record August 20, 2012.

“Registration cancellations rising at UNCG, A&T”

“UNCG about two weeks ago canceled the registrations of about 1,300 students because they had yet to pay their tuition bills — the highest number of cancellations since fall 2009, university officials said.

N.C. A&T is also seeing an increase in the number of students facing cancellation. The schools’ officials attribute their numbers to a variety of factors, including tuition increases and cuts and other changes in state and federal financial aid programs.

“Every lost soul is unacceptable to me, and it really hurts when we have to cancel that many registrations,” said Steve Roberson, UNCG dean of undergraduate studies.

By Friday, UNCG had managed to whittle that number to just 500, according to preliminary data.

But administrators are concerned about the large number of students who are having trouble paying this year.

UNCG Vice Provost Alan Boyette said recently that some students ran into problems because they did not apply for financial aid on time, or their financial aid had not yet been packaged. So, he expected that initial number would be reduced.

He said enrollment this year is “really unpredictable.” The university is gauging payments and registration on a near daily basis to get a feel for what the final number will be, he said.

“We think the timing is clearly related to the current economy,” Boyette said of the number of students paying late.

Sarah Carrigan, UNCG director of institutional research, said Friday that UNCG canceled 1,300 student registrations between July 31 and Aug. 8.

That’s an increase of about 500 over last year at that same time, she said.

As of Friday, about 800 of those students had paid to register again, Carrigan said.

A&T has also had a slight increase in the number of students who risk having their registrations canceled, said Akua Matherson, the university interim associate vice chancellor for enrollment management.

As of late Friday afternoon, the university was scheduled to cancel the registrations of 541 students, Matherson said.

That’s a 2.5 percent increase from last year, she said.

Those students had until the close of business Friday to make some kind of arrangement to keep their registration.

Staff from both universities spent much of the summer reaching out to students who were eligible to return to school but had not registered to find out what their problems are and to offer solutions.

More than 80 percent of A&T students qualify for need-based aid. Staff members have talked to families whose financial situations have changed, such as one parent losing a job.

“Some of our students are looking at some real challenges,” Matherson said.

Deborah Tollefson, UNCG financial aid director, has heard similar stories of parents’ stretched incomes.

She said that counselors steer students away from private loans.

Instead, they inform them of such options as federal loans, part-time campus employment and tuition payment plans if they are having trouble paying.

Tollefson said that UNCG has received a lot of late financial aid applications this year. Students who didn’t have to take out loans two or three years ago are now having to but are unfamiliar with the process, she said.

A&T had 10,590 students enrolled as of Wednesday, the first day of classes.

UNCG’s latest enrollment figures showed an enrollment of 17,800. Students there start classes today.”

http://www.news-record.com/content/2012/08/20/article/registration_cancellations_rising_at_uncg_at

With the Obama economic plan we get higher tuition, much higher health care costs and higher unemployment.

From Citizen Wells February 12, 2012.

“Amid chants of protest from about 100 students, the UNC Board of Governors this morning approved President Tom Ross’ proposal for tuition and
fee hikes over the next two years.

Ross’ plan would raise tuition by an average of 8.8 percent across the system and keeps increases below 10 percent on every campus.”

“Today’s vote caps months of intense debate over tuition, which the system has used in recent years to help make up for legislative cuts to its budget. The
hikes have forced more students to take on extra jobs to pay for school, or drop out altogether.”

“The state mandates that at least 25 percent of the money from the tuition dollars go toward financial aid for needy students. Some board members recently have spoken out about that requirement, saying it essentially calls for students, who themselves may be struggling, to subsidize the education of other students.”

https://citizenwells.wordpress.com/2012/02/12/unc-tuition-hikes-university-of-nc-system-raises-tuition-costs-in-dismal-economy-working-students-and-families-pay-others-tuition-income-redistribution-unc-tuition-hikes-university-of-nc-system/

I have met and talked with many college students. Recently a UNCG student, who is struggling to support his family and attend school, confided in me that the recent tuition and health care increases (mandatory health care insurance almost doubled) could force him to leave school.

From Citizen Wells May 2, 2012.

“The UNC system began requiring students to be covered by health insurance in the fall of 2010. Students must either prove that they have their own insurance or buy a plan offered by the UNC system. Before that, 11 campuses required insurance; rates and coverage varied significantly among the schools.

On top of rising tuition and fees, those UNC system students who buy the university-sponsored health insurance plan will face steep premium increases in the next academic year.

The cost of health insurance will climb from a range of $61 to $77 monthly to a range of $118 to $133 monthly, according to a memo sent from UNC President Tom Ross to the UNC Board of Governors. On an annual basis, most students will pay about $500 to $700 more in 2012-13, depending on the campus.”

“Mallette said the insurance increases are due to the health care usage of UNC system students during the past couple of years, plus federal regulations on preventive care and pharmacy services issued in March. The process is complicated, he said, by the new provisions of the Affordable Care Act.”

https://citizenwells.wordpress.com/2012/05/02/obama-lies-work-on-unc-students-unc-student-health-care-increase-tuition-increase-high-unemployment-obama-uses-orwellian-language-to-sway-students-occupy-white-house/

From Citizen Wells July 27, 2012.

“Unemployment Rates Increase in 84 Counties in June”

“North Carolina’s statewide unemployment rate (not seasonally adjusted) was 9.9 percent in June. This was a 0.4 of a percentage-point increase from May’s revised rate of 9.5 percent, and a 1.0 percentage-point decrease over the year.

Over the month, the unemployment rate increased in 84 counties, decreased in 11 and remained the same in five. Thirty-nine counties had unemployment rates at or below the state’s 9.9 percent rate.”

“Guilford County, containing both Greensboro and High Point had an increase from 9.6 to 10.3 percent.”

https://citizenwells.wordpress.com/2012/07/27/nc-unemployment-rate-9-9-percent-june-data-unemployment-rates-rose-in-84-of-100-counties-mecklenburg-home-of-democrat-convention-rises-3-percent-to-9-9/

WHAT EVIDENCE DO WE HAVE THAT OBAMA HAD ANY STUDENT LOANS?”

Obama Obamacare shutdown deal, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell, October 16, 2013, Senate bill ends shutdown

Obama Obamacare shutdown deal, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell, October 16, 2013, Senate bill ends shutdown

“According to Forbes, 80 percent of nonmilitary funding involves taking money from taxpayers and giving it away.”…John Hammer, Rhino Times Oct 10, 2013 

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

“…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”…Margaret Thatcher

From Politico October 16, 2013.

“Senate reaches deal to end shutdown, avert default”

“Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell will soon announce an agreement to reopen the government and avert default on U.S. debt, according to several sources familiar with the talks.
The leaders are expected to unveil the accord on the Senate floor at noon.

The House is prepared to move on the Senate’s bill first, sources say, a move that would clear a path to end the first government shutdown in 17 years and avoid an economy-shaking default on U.S. debt. House Republican leadership said there’s no decision yet on whether to move the bill first.
“No decision has been made about how or when a potential Senate agreement could be voted on in the House,” said Boehner spokesman Michael Steel.

It remains unclear when a final vote would occur in the Senate. If no senator blocks action there, that chamber could hold a vote before the House.
Sen. Ted Cruz, who led the crusade to dismantle the health care law in the government funding bill, declined to answer repeated questions from reporters Wednesday morning about whether he would block the deal.
But Sen. Rand Paul (R-Ky.) said he felt lawmakers were ready to end the fiscal crisis that has consumed Capitol Hill for more than two weeks.”

Read more:

http://www.politico.com/story/2013/10/government-shutdown-debt-ceiling-default-update-98390.html?hp=t1

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

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

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

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

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

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

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

From The Economic Collapse Blog October 14, 2013.

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

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

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

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

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

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

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

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

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

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

Read more:

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

Unemployment initial claims jump 66000, October 10, 2013 initial claims 374000, Planned job cuts in third quarter rise 25 percent over 2012, 10 companies with 75000 job cuts

Unemployment initial claims jump 66000, October 10, 2013 initial claims 374000, Planned job cuts in third quarter rise 25 percent over 2012, 10 companies with 75000 job cuts

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

“Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar. Federal debt held by the public is now about 73 percent of the economy’s annual output, or gross domestic product (GDP). That percentage is higher than at any point in U.S. history except a brief period around World War II, and it is twice the percentage at the end of 2007. “…CBO September 17, 2013

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

From the US Labor Dept. October 10, 2013.

“UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
SEASONALLY ADJUSTED DATA

In the week ending October 5, the advance figure for seasonally adjusted initial claims was 374,000, an increase of 66,000 from the previous week’s unrevised figure of 308,000.”

http://www.dol.gov/opa/media/press/eta/ui/current.htm

From 247WallSt October 9, 2013.

“Ten American Companies Cutting the Most Jobs”

“Planned job cuts in the third quarter rose 25% from a year ago. With September jobs cuts up 19% from last year, it represented the fourth month in a row in which job cuts were higher than the same month last year. Despite the current trend, employers are on pace to cut roughly the same number of jobs that were cut last year.

According to data compiled by Challenger, Gray & Christmas, 10 companies alone have announced close to 75,000 job cuts this year, combined. This represents nearly 20% of all the announced cuts in 2013.”

Read more:

http://247wallst.com/special-report/2013/10/09/10-american-companies-cutting-the-most-jobs/?link=mktw

US employment data October 4, 2013, BLS statement, Gallup report, Payroll to Population Rate drops to 43.5 percent, More Americans taking part time jobs

US employment data October 4, 2013, BLS statement, Gallup report, Payroll to Population Rate drops to 43.5 percent, More Americans taking part time jobs

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

“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

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

 

 

From the US Labor dept. BLS.
“Statement on release of September employment numbers”

“The Department of Labor issued the following statement about the September 2013 Employment Situation report:

“Due to the lapse in funding, the Employment Situation release which provides data on employment during the month of September, compiled by the U.S. Department of Labor’s Bureau of Labor Statistics, will not be issued as scheduled on Friday, October 4, 2013. An alternative release date has not been scheduled. The Employment Situation release includes the unemployment rate (from the household survey) and payroll employment (from the business establishment survey).””

http://www.dol.gov/opa/media/press/opa/OPA20132030.htm

From Gallup October 3, 2013.
“U.S. Payroll to Population Rate at 43.5% in September”

“The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, fell slightly to 43.5% in September, from 43.7% in August. P2P has declined more than a percentage point from the 45.1% found in September 2012.”

“The percentage of part-time workers wanting full-time work was 9.4% in September, up from 8.7% in August and from 8.6% last September. This suggests the decline in the unemployment rate is actually due to more Americans taking part-time jobs rather than gaining the full-time employment they want.”

“Gallup’s unadjusted and seasonally adjusted unemployment rates experienced month-over-month and year-over-year declines in September. However, Gallup’s P2P rate — the percentage of all adults in the U.S. population who are employed full time — fell slightly compared with August and is 1.6 points lower than it was in September 2012. This means fewer people are unemployed, but not because they found full-time jobs. The percentage of part-time workers wanting full-time work increased last month from August and from September 2012, suggesting that some of those who were unemployed left the workforce or found part-time work, but not the full-time jobs they are seeking.”

Read more:

http://www.gallup.com/poll/165227/payroll-population-rate-september.aspx

 

Obamacare crony capitalism hurts Americans employees helps attorneys medical companies, Lawyers top contributors to Obama in 2008, Health care providers and employers with part time workers benefit

Obamacare crony capitalism hurts Americans employees helps attorneys medical companies, Lawyers top contributors to Obama in 2008, Health care providers and employers with part time workers benefit

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

“Can we stop calling ObamaCare the Affordable Care Act now?”…Guilford College student

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

I began referring to Obamacare as a tax and control bill by at least March 26, 2010. It is certainly that.

But it is also another glaring example of Obama crony capitalism.

Obama rewarded his top 2008 industry contributor, lawyers and law firms, and one of his his largest crony groups, with no tort reform.

ObamaContributions

From Citizen Wells July 30, 2012.

“Doctor Shortage Likely to Worsen With Health Law”

“In the Inland Empire, an economically depressed region in Southern California, President Obama’s health care law is expected to extend insurance coverage to more than 300,000 people by 2014. But coverage will not necessarily translate into care: Local health experts doubt there will be enough doctors to meet the area’s needs. There are not enough now.

Other places around the country, including the Mississippi Delta, Detroit and suburban Phoenix, face similar problems. The Association of American Medical Colleges estimates that in 2015 the country will have 62,900 fewer doctors than needed. And that number will more than double by 2025, as the expansion of insurance coverage and the aging of baby boomers drive up demand for care. Even without the health care law, the shortfall of doctors in 2025 would still exceed 100,000.”

“The American Medical Association recognizes there are shortages in certain geographic areas and in certain specialties. Part of that is due to the aging population and a stagnant number of medical-school applicants.

But there are other significant reasons. They include the increasing costs of medical malpractice coverage, higher practice costs, lower insurance reimbursement rates and insurance-company restrictions resulting in less autonomy over how patients are cared for.”

“Cost of malpractice insurance forcing doctors to leave high-risk specialties

Lawyers benefit from huge damage awards”

“In New Hampshire, many physicians are leaving as malpractice insurance costs soar. Specialty physicians have experienced a 50 percent increase in premiums from five years ago. The average premium is now close to $100,000 for obstetricians and neurosurgeons.”

Read more:

https://citizenwells.wordpress.com/2012/07/30/obamacare-and-no-tort-reform-why-healthcare-costs-skyrocketed-why-there-is-a-doctor-shortage-obama-and-democrats-in-bed-with-attorneys-and-trial-lawyers/

I was surprised and pleased to find the following article from CNN October 5, 2012.

“Health care act’s glaring omission: liability reform”

“But for all of the Obama administration’s work in creating this 906-page federal law, there is one glaring omission that could decrease the costs of health care and help relieve the upcoming physician shortage.

Medical liability reform.

How could the Obama administration create such a comprehensive overhaul of health care without addressing this issue? Although not a panacea for the health problems in the United States, the need for physicians to practice defensive medicine in order to avoid potential litigation has far-reaching consequences.”

“It’s a well-known fact that family medicine physicians and even obstetrician-gynecologists are giving up the practice of obstetrics because of the excessive cost of malpractice insurance and the fear of potential lawsuits.”

“So why hasn’t the Obama administration included medical liability reform in the Affordable Care Act? I suspect that it comes down to dollars. Not health care dollars or insurance dollars but campaign donation dollars.

According to OpenSecrets.org, since 1990, the American Association for Justice, previously known as the Association of Trial Lawyers of America, has given 92% of its $36.8 million in contributions to Democrats.

The association is also a large contributor to President Barack Obama’s re-election campaign. It is opposed to malpractice tort reform, for obvious reasons, and I suspect that it may have played a significant role in the absence of malpractice liability reform in the Affordable Care Act.”

Read more:

http://www.cnn.com/2012/10/05/health/youn-liability-reform/index.html

From Zero Hedge September 28, 2013.

“Barack Obama promised to fundamentally transform America, and when it comes to health care he has definitely kept his promise.  Thanks to Obamacare, health care spending is up, health insurance premiums are up, the number of hours Americans are working is down and employer-based health insurance is becoming an endangered species.  Of course employer-based health insurance will not disappear completely any time soon, but it has been steadily shrinking for over a decade, and Obamacare will greatly accelerate that decline. “

“And this is a huge reason why the shift from full-time work to part-time work in America has accelerated this year.  Obamacare creates an incentive for companies to have more part-time workers and less full-time workers.  In fact, almost all of the jobs that have been “created” by the U.S. economy in 2013 have been part-time jobs.

But it is incredibly difficult to try to support a family on a part-time job.  Sadly, the quality of our jobs continues to decline rapidly and only 47 percent of all adults have a full-time job in America today.  This is only going to continue to get even worse under Obamacare.

As a result of these trends, more Americans are going to be forced to go out and buy health insurance “on the individual market”.  When they do, they are likely to be in for a really nasty surprise

 
 

Andy and Amy Mangione of Louisville, Ky. and their two boys are just the kind of people who should be helped by ObamaCare. But they recently got a nasty surprise in the mail.

“When I saw the letter when I came home from work,” Andy said, describing the large red wording on the envelope from his insurance carrier, “(it said) ‘your action required, benefit changes, act now.’ Of course I opened it immediately.”

It had stunning news. Insurance for the Mangiones and their two boys,which they bought on the individual market, was going to almost triple in 2014 — from $333 a month to $965.

The insurance carrier made it clear the increase was in order to be compliant with the new health care law.”

Read more:

http://www.zerohedge.com/news/2013-09-28/result-obamacare-employer-based-health-insurance-becoming-extinct

FHA bailout, $1.7 billion to stabilize its long term finances, First taxpayer bailout in 79 years, FHA commisioner Carol J. Galante Obama appointee

FHA bailout, $1.7 billion to stabilize its long term finances, First taxpayer bailout in 79 years, FHA commisioner Carol J. Galante Obama appointee

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

“…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”…Margaret Thatcher

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

 

 

From the LA Times September 27, 2013.

“Federal Housing Administration needs $1.7-billion bailout”

“The Federal Housing Administration, whose role in the real estate market expanded dramatically in recent years, on Friday said it would need approximately $1.7 billion to stabilize its long-term finances.

It marks the first time the 79-year-old agency will require a taxpayer bailout, which it has the authorization to receive without congressional approval.

The FHA, which insures more than $1 trillion in mortgages, is funded by premiums charged to homeowners. But the actions it took to stabilize the housing market after the subprime housing bubble burst left it backing billions of dollars in bad loans.”

“In a letter to lawmakers Friday, FHA Commissioner Carol Galante said the agency would need about $1.7 billion on Monday, the last day of the fiscal year, to ensure it has sufficient reserves to cover anticipated losses on the loans it backs.

A bailout has been expected since April, when the Obama administration’s proposed 2014 budget projected the FHA would need $943 million by Sept. 30.

But the size of the bailout nearly doubled because the number of mortgages the agency has backed declined in the last few months as mortgage rates have risen, Galante said.”

“Many Republicans have been critical of the FHA’s expanded role in the housing market, warning that it put taxpayers on the hook for losses. House Republicans are pushing legislation that would scale back the FHA’s role.”

Read more:

http://www.latimes.com/business/money/la-fi-mo-federal-housing-administration-fha-bailout-20130927,0,6044953.story

Carol J. Galante is an Obama appointee.

“The Federal Housing Administration (FHA) of the Department of Housing and Urban Development, which provides a variety of insurance options for qualified loans on existing homes, home construction and repair, and is also responsible for regulation of the Real Estate Settlement Procedures Act and the manufactured housing industry, has been without a permanent leader since April 2011. Carol J. Galante, who currently serves as Acting Assistant Secretary for Housing-FHA Commissioner, was nominated by President Obama on October 20, 2011, to lead the federal agency on a permanent basis. Although the Senate Banking Committee voted to send her nomination to the Senate floor, some conservative Republicans, charging that the Obama administration has not faced the probability of an FHA bailout, may attempt to prevent her confirmation.”

http://www.allgov.com/news/appointments-and-resignations/assistant-secretary-for-housing-federal-housing-commissioner-who-is-carol-galante?news=843880

 

California health care costs higher than reported, Obamacare impact, Produce price increases, $ 5000 deductible, College students already doubled tripled and more nationwide

California health care costs higher than reported, Obamacare impact, Produce price increases, $ 5000 deductible, College students already doubled tripled and more nationwide

“The cost of health insurance will climb from a range of $61 to $77 monthly to a range of $118 to $133 monthly, according to a memo sent from UNC President Tom Ross to the UNC Board of Governors. On an annual basis, most students will pay about $500 to $700 more in 2012-13, depending on the campus.”

“Mallette said the insurance increases are due to the health care usage of UNC system students during the past couple of years, plus federal regulations on preventive care and pharmacy services issued in March. The process is complicated, he said, by the new provisions of the Affordable Care Act.”…Charlotte Observer May 1, 2012

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

“Can we stop calling ObamaCare the Affordable Care Act now?”…Guilford College student

One cannot escape the lies from the Obama camp, mainstream media and low information voters.

I recently observed a pro Obamacare protestor touting the health care savings in California.

Since I am a well informed, high information voter I knew that was a lie.

For example.

From Forbes May 30, 2013.

“Rate Shock: In California, Obamacare To Increase Individual Health Insurance Premiums By 64-146%”

“Last week, the state of California claimed that its version of Obamacare’s health insurance exchange would actually reduce premiums. “These rates are way below the worst-case gloom-and-doom scenarios we have heard,” boasted Peter Lee, executive director of the California exchange. But the data that Lee released tells a different story: Obamacare, in fact, will increase individual-market premiums in California by as much as 146 percent.

One of the most serious flaws with Obamacare is that its blizzard of regulations and mandates drives up the cost of insurance for people who buy it on their own.

This problem will be especially acute when the law’s main provisions kick in on January 1, 2014, leading many to worry about health insurance “rate shock.””

“For both 25-year-olds and 40-year-olds, then, Californians under Obamacare who buy insurance for themselves will see their insurance premiums double.”

Calif-rate-shock-graph1

Read more:

http://www.forbes.com/sites/theapothecary/2013/05/30/rate-shock-in-california-obamacare-to-increase-individual-insurance-premiums-by-64-146/

From the NY Times August 20, 2013.

“Tacking Health Care Costs Onto California Farm Produce”

“On a recent morning, Jose Romero pulled weeds from a row of lush tomato plants. Mr. Romero, 36, arrived at the field around 5 a.m. and worked until sunset. Like many of the other workers in the tomato field, he was surprised to learn that his employer, Mr. Herrin at Sunrise Farm Labor, would have to offer him health coverage, and that he could be asked to contribute up to 9.5 percent of his wages to cover the costs.

“We eat, we pay rent and no more,” Mr. Romero said in Spanish. “The salary that they give you here, to pay insurance for the family, it wouldn’t be enough.”

There seems to be widespread agreement among agricultural employers, insurance brokers and health plans in California that low-wage farmworkers cannot be asked to pay health insurance premiums. “He’s making $8 to $9 an hour, and you’re asking him to pay for something that’s he’s not going to use?” Mr. Herrin said.

The minimum compliant health plan for employee coverage under the new law will cost about $250 a month in California’s growing regions, according to insurance brokers, and includes a $5,000 deductible for medical care, although insurers cannot charge co-payments for preventive visits. “It’s unacceptable,” Mr. Herrin said of the cost.”

Read more:

http://www.nytimes.com/2013/08/21/us/tacking-health-care-costs-onto-california-farm-produce.html?_r=0

You read that right.

$250 a month for health insurance with a $5,000 deductible.

College students across the country saw huge increases in their health insurance beginning in 2012 directly attributed to Obamacare.