Category Archives: Economy

December 2015 real employment data, US labor Dept. tables, White american employment decimation continues, 139k more whites unemployed, Jan to Dec mere gain of 276k, Hispanics gain 71k employments in Dec

December 2015 real employment data, US labor Dept. tables, White american employment decimation continues, 139k more whites unemployed, Jan to Dec mere gain of 276k, Hispanics gain 71k employments in Dec

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

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

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

 

The financial markets are jubilant as they typically are with the Orwellian job reports from the US Labor Department.

All of the mythical jobs being created.

Such as the alleged 292,000 jobs created in December 2015.

If that many jobs were created in December or any other month in 2015 or any month under Obama, how come the following is true?

There were 139,000 more whites unemployed in December.

From January to December 2015, there were only 276,000 more whites employed.

Of course, Hispanics gained 71,000 employments in December.

Can the folks on Wall Street not read?

Or are they just brainwashed by the Orwellian media and White House?

From Citizen Wells September 4, 2015.

“***  Update 8:55 AM  ***

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

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

***

***  Update 9:10 AM  ***

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

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

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

***

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

White employment.

WhiteEmployment

Hispanic employment.

HispanicEmployment

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

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

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

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

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

Read more:

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

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

Why was it scrubbed?

From the Brookings Institute February 4, 2011.

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

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

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

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

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

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

From Zero Hedge September 2, 2015.

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

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

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

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

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

 

Greensboro NC YWCA new family shelter reveals the real economy and faces of hunger, News Record reports hunger correctly but misstates employment, I’m tired of lies from Washington and state capitals about jobs and the economy

Greensboro NC YWCA new family shelter reveals the real economy and faces of hunger, News Record reports hunger correctly but misstates employment, I’m tired of lies from Washington and state capitals about jobs and the economy

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

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

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

 

I’m tired of lies from Washington and state capitals about jobs and the economy.

I am also tired of the mainstream media misrepresenting the economy and jobs situation.

Occasionally the Greensboro News Record produces a meaningful, quality article. This is one.

“24 hours in the YWCA’s new family shelter in Greensboro”

“Outside, the rain is cold and pounding.

A clock inches toward 8:45 a.m., the time each day that guests must leave the family shelter at the YWCA, which won’t reopen until late afternoon.

A young dad — who just finished packing a day of snacks from a table where brown paper bags are laid out for families to use — has to get the last of his brood into a coat.

And that child — one of four siblings under the age of 4 — isn’t cooperating.

“No,” she says firmly, perhaps sensing the misery to come, as the family’s normal routine includes a half-mile walk to the nearest bus stop.

Cries echo down the hallway as the siblings eventually trudge like baby ducklings out the door behind the mom, who just finished her last college exam and is on winter break, and the dad, who finds activities for the children during the day.

Jan Hill, the overnight staff person, locks up behind them.

These are not her favorite moments in the 24-hour cycle of one of the state’s few homeless shelters for families.

That the families had a warm bed, place for the children to run around and free meals last night gives her some solace.

A place to stay

The YWCA shelter is a place where families are able to put their lives back on track.

It is a modest space, with its own entrance at the back of the nonprofit’s building on East Wendover Avenue, that can house about 30 people. At the moment, that’s room for seven families.

The shelter’s goal is to help homeless families develop skills to achieve financial stability, pay off debts and save enough to move into permanent housing. A case worker works with them. Closing the doors at 8:45 a.m. is a nudge to the parents, that they need to be using their time wisely, such as going out looking for jobs.

The ones who seek help here are in the growing number of families who have fallen out of the middle class because of layoffs or companies closing or underemployment; of working-class people grappling with loss of benefits or reduced hours or rising prices that give them less to live on; and of others who may work several part-time jobs while going back to school to get GEDs or training or degrees that can make the family self-sufficient again — or for the first time.

Many end up on the other end of the line at the YWCA shelter, asking if there’s any room. Families are also referred by other agencies.

Problem is, the shelter can only take in a few and the need is great. Estimates show that in Guilford County at least 70 families are on a waiting list for a shelter at any given time. In the meantime, they and those that are deemed the invisible homeless, may live in cars or hotels or sleep on the couches and floors of friends as long as they can.

“When you are living in day-to-day crisis mode, it can be hard,” shelter director and case manager Michelle Cheek said. “It’s not alleviating all of their problems, but it’s reducing their stress.”

Most shelters are built like dorms with beds for adult men and women, grouped by gender.

Here, there are three separate bedrooms on one side for families with dads and older male children. These families share a large private bathroom. The other side holds a large space divided by partitions.

There are communal showers like those in middle school gyms.

A larger space is covered with tables for meals and a play area that’s stocked with books and has mats on the floor for children.

There’s a laundry room with multiple washers and dryers.

A large pantry nearby is stocked with breakfast cereals, fruits and other items — on this day, muffins — donated by volunteers and local businesses.

During the day, children go to school while their parents work or look for jobs.”

“The YWCA program opened in July with no funding dedicated to the shelter at all. It has depended on individual donations, a handful of local churches and a few grants.

And Garnette’s sheer will.

“I’m a strong believer that when you do the right things for the right reasons, they work out,” Garnette said. “We researched it. We believe it’s necessary. And in this community, it’s not OK for 2-year-olds to be sleeping in cars.””

“Shortly after 3:30 p.m. on a recent day, a school bus stops and drops off two of the children living at the shelter.

The doors to the shelter won’t open for another hour and a half, so the kids climb into an aging vehicle with their mother and they drive away.

A slightly older child who got picked up from school by his mom sits with her in the car — a beat-up vehicle with a missing passenger side window now covered by a towel — until it is time to come inside.

When the doors open at 5 p.m., some of the older children come in carrying heavy backpacks and almost immediately disappear into their family’s room.

“I think it is harder on the older children,” Hill said. “They remember what it was like to live in their own home.

“They also worry that their friends will find out.”

But after living on the streets or having nowhere else to turn and empty pockets, the parents know it is their best — and only — option.

Among the families who have stayed here recently is a single mother working two part-time jobs. She came here when her youngest son was just 2 weeks old. He’s now 3 months old.

Once she can settle an old Duke Energy bill that she says someone else ran up in her name, she will be able to move into her own apartment.

Another family learned of the shelter after neighbors in an out-of-the-way cul-de-sac noticed a car idling there for hours. When the car’s dome light flipped on, children could be seen moving around inside. They called police, who called the shelter.

There’s the single dad who had been sleeping on a park bench with his 4-year-old daughter because an old eviction kept him from being able to rent again.

He recently sat at a table in front of a woman who was laid off from a full-time manufacturing job. She sees the program as a place for her to start over.

“It was comfortable and safe, and I slept so good that first night,” she said. “But I just want to find a job, find decent housing, and I can go from there.””

Read more:

http://www.greensboro.com/news/local_news/hours-in-the-ywca-s-new-family-shelter-in-greensboro/article_479dff86-8fe9-5676-a062-3010255c8f67.html

Also from the Greensboro News Record December 27, 2015.

“North Carolina’s job growth doesn’t necessarily mean prosperity, stability or recovery”

“A dramatically changing economy in the state, corporate practices that erode wages and a common type of fraud that cheats workers out of wages and the state out of tax dollars are all part of the problem.

Here are some of the key figures to show you the shifts in the region’s economy since the turn of the century:

  • From January 1999 through November 2015, the Greensboro-High Point metropolitan statistical area lost 32,500 goods-producing jobs, which typically pay high wages, according to the N.C. Department of Commerce.
  • During the same period, the metro area gained 40,200 service jobs, which pay lower wages and offer employment with less stability and fewer benefits.
  • Although the national unemployment rate, at 5 percent, has returned to its pre-recession level, unemployment in the Greensboro-High Point metro, at 5.5 percent in November, remains above the 5.3 percent rate of January 2008.
  • North Carolina’s median annual household income in 2014 was $47,000, down from an inflation-adjusted $53,000 in 1999, according to the U.S. Census Bureau.
  • In the United States, 13.3 million more people are working than at the depth of the recession in 2010, and 4.5 million more Americans are working than before the recession in 2008, according to the U.S. Bureau of Labor Statistics.

Many economists say the nation has fully recovered from the recession, and North Carolina’s major cities are the state’s success stories. But many rural counties and smaller metropolitan statistic areas — or MSAs — have not seen that level of success, which has created an uneven economic recovery, said a year-end report by the N.C. Justice Center, a nonprofit group that studies labor and economic issues. According to that report, 26 of the state’s 100 counties lost jobs from October 2014 through October 2015.”

“Permanently temporary

Lower-quality jobs is not the only reason for the wage decline, Shaw said.
Corporations have added more temporary, or “contingent,” employees to their workforces, either to account for seasonal variations or create a permanent level of employees without benefits or other perks that permanent workers receive.
Shaw said temporary workers are becoming a permanent strategy for many companies in this state.”

Read more:

http://www.greensboro.com/business/north-carolina-s-job-growth-doesn-t-necessarily-mean-prosperity/article_47cadc65-823b-525b-9381-77ad6f996d99.html

Now let’s set the record straight.

The New Record and other mainstream media won’t touch this because it indicts Obama and illegal aliens for taking native born American jobs.

The News Record stated:

“In the United States, 13.3 million more people are working than at the depth of the recession in 2010, and 4.5 million more Americans are working than before the recession in 2008, according to the U.S. Bureau of Labor Statistics.”

There are ZERO more white Americans working since 2008 and only approx. 4 million more since 2010.

That is a huge difference!

 

Native born Americans lost 326000 jobs in November 2015, White American employment decimated under Obama, Foreign born workers gained 375k employments in Nov up 260 percent since Dec 2007, Where is Donald Trump?

Native born Americans lost 326000 jobs in November 2015, White American employment decimated under Obama, Foreign born workers gained 375k employments in Nov up 260 percent since Dec 2007, Where is Donald Trump?

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

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

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

 

 

Citizen Wells has been warning you for many months about the decimation of white American employment under Obama.

Zero Hedge presents the real employment changes in November 2015 and since December 2007.

“326,000 Native-Born Americans Lost Their Job In November: Why This Remains The Most Important Jobs Chart”

“Friday’s release of a “just right” jobs report, in which the US economy reportedly added 211,000 jobs, more than the 200,000 expected, solidified its position as the “most important” one in recent years, after it was broadly interpreted by economists as the sufficient condition for the Fed to hike rates on December 16, 7 years to the day after the same Fed cut rates to zero.

As such, if indeed the Fed does hike, over the next several quarters, the US labor data will take a secondary place in terms of importance unless, of course, it plummets in which case the Fed will be forced to quickly undo its tightening policy and go back to ZIRP if not NIRP and more QE.

However, even as the Fed’s “data (in)dependent” monetary policy takes on secondary relevance as we enter 2016, one aspect of the US jobs market is certain to take on an unprecedented importance.

We first laid out what that is three months ago when we said that “the one chart that matters more than ever, has little to nothing to do with the Fed’s monetary policy, but everything to do with the November 2016 presidential elections in which the topic of immigration, both legal and illegal, is shaping up to be the most rancorous, contentious and divisive.”

We were talking about the chart showing the cumulative addition of foreign-born and native-born workers added to US payrolls according to the BLS since December 2007, i.e., since the start of the recession/Second Great Depression.

Curiously, it is precisely this data that got absolutely no mention following yesterday’s job report, about which the fawning mainstream media only noted, in passing, one negative aspect to the report: the fact that 319,000 part-time jobs for economic reasons were added in November. However, with Trump and his anti-immigration campaign having just taken the biggest lead in the republican primary race, we are confident that the chart shown below will soon be recognizable to economic and political pundits everywhere.

And here is why we are confident this particular data should have been prominently noted by all experts when dissecting yesterday’s job report: according to the BLS’ Household Survey, while 375,000 foreign-born workers found jobs in November, a whopping 326,000 native-born Americans lost theirs.”

native vs foreign bornNov2015

NativeVsForeignSinceDec2007

Read more:

http://www.zerohedge.com/news/2015-12-05/326000-native-born-americans-lost-their-job-november-why-remains-most-important-jobs

Where is Donald Trump on this?

These are some of the most earth shattering, relevant stats ever revealed.

White employment up 55k for 2015, 2 million jobs added???, Since January white American labor force participation down .7 % not in labor force increased 1.734 million, Where is Donald Trump on this?

White employment up 55k for 2015, 2 million jobs added???, Since January white American labor force participation down .7 % not in labor force increased 1.734 million, Where is Donald Trump on this?

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

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

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

 

 

You have no doubt read or heard the latest employment jobs added from the US Labor Department and regurgitated by the mainstream media.

All of the good news that will prompt Janet Yellen and the FED to finally raise interest rates.

Once again, here is the truth from Citizen Wells.

Since January 2015, there has been a gain in employment for White Americans of 55,000.

You read that right.

Do not take my word for it, go straight to the the US Labor Dept. historical tables.

Also, from the same tables.

The labor force participation rate for whites is down .7 percent.

The number of whites not in labor force increased 1.734,000.

Where is Donald Trump on this?

Obama economy hitting NY City, 36 percent in Bronx trouble buying food, 30 percent in Manhattan just getting by, Shades of 1984 and Big Brother propaganda

Obama economy hitting NY City, 36 percent in Bronx trouble buying food, 30 percent in Manhattan just getting by, Shades of 1984 and Big Brother propaganda

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

“U.S. food banks are expected to give away about 4 billion pounds of food this year, more than double the amount provided a decade ago, according to Feeding America, the nation’s primary food bank network. The group gave away 3.8 billion in 2013.
While reliance on food banks exploded when the economy tanked in 2008, groups said demand continues to rise year after year, leaving them scrambling to find more food.”…Associated Press August 13, 2015

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

 

 

You have been hearing and reading it for several years in the mainstream media and White House press releases. The economy and jobs are improving.

If you are a reader of Citizen Wells you knew that was a lie.

A lie reminiscent of those told to the populace in “1984” by George Orwell.

Consider this from “1984.”

“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.”

From the NY Times November 18, 2015.

“Half of New Yorkers Say They Are Barely or Not Getting By, Poll Shows

Half of New York City residents say they are struggling economically, making ends meet just barely, if at all, and most feel sharp uncertainty about the future of the city’s next generation, a new poll shows.

The poll, conducted by The New York Times and Siena College, shows great disparities in quality of life among the city’s five boroughs. The stresses weighing on New Yorkers vary widely, from the Bronx, where residents feel acute concern about access to jobs and educational opportunity, to Staten Island, where one in five report recently experiencing vandalism or theft.

But an atmosphere of economic anxiety pervades all areas of the city: 51 percent of New Yorkers said they were either just getting by or finding it difficult to do so.

Even in Manhattan, three in 10 said they were just getting by. (Fifty-eight percent said they were doing all right or thriving financially — the highest response of the five boroughs.)”

“In those boroughs, nearly three in five residents said they were straining to make ends meet. In the Bronx, 36 percent said there had been times in the past year when they did not have the money to buy enough food for their family; only one in five said they and their neighbors had good or excellent access to suitable jobs.”

Read more:

http://www.nytimes.com/2015/11/19/nyregion/half-of-new-yorkers-say-they-are-barely-or-not-getting-by-poll-shows.html?smid=nytnow-share&smprod=nytnow&_r=1

 

Obamacare costs skyrocket and low income people can’t afford, Huge deductibles hidden story emerges, Hospitals medical providers and public will pay for unpaid bills, Family spent half its annual income paying for obamacare

Obamacare costs skyrocket and low income people can’t afford, Huge deductibles hidden story emerges, Hospitals medical providers and public will pay for unpaid bills, Family spent half its annual income paying for obamacare

“If you’ve got health insurance we’re going to work with you to lower your premiums by $2,500 per family per year. We will not wait 20 years from now to do it, or 10 years from now to do it. We will do it by the end of my first term as president.”…Barack Obama

“Dean Griffin liked the health insurance he purchased for himself and his wife three years ago and thought he’d be able to keep the plan even after the federal Affordable Care Act took effect.

But the 64-year-old recently received a letter notifying him the plan was being cancelled because it didn’t cover certain benefits required under the law.

The Griffins, who live near Philadelphia, pay $770 monthly for their soon-to-be-terminated health care plan with a $2,500 deductible. The cheapest plan they found on their state insurance exchange was a so-called bronze plan charging a $1,275 monthly premium with deductibles totalling $12,700. It covers only providers in Pennsylvania, so the couple, who live near Delaware, won’t be able to see doctors they’ve used for more than a decade.”…Times Colonist November 2, 2013

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

 

 

Citizen Wells has been warning you for years that aside from the catastrophic effect of Obamacare on premiums our healthcare system and jobs, the hidden story was rising deductibles that lower income people will not be able to pay and the burden this will place on the entire country.

From Citizen Wells October 17, 2013.

Obamacare is increasing healthcare premiums in 45 states.

A 27 year old in Virginia will see an increase of over 252 percent.

And one of the biggest under reported Obama scandals is the skyrocketing deductibles under Obamacare.

https://citizenwells.com/2013/10/17/obamacare-increases-premiums-in-45-states-deductibles-skyrocket-27-year-old-in-va-up-252-percent-obama-lied-about-keeping-your-insurance-and-reducing-costs/

From Zero Hedge November 15, 2015.

“Meet The Family That Just Spent Half Its Annual Income Paying For Obamacare”

“Well, since the passage of the Affordable Care Act, also known as the Obamacare tax, we have watched in horror as shocker after shocker are revealed.

Some examples:

Now we can add one more thing that “was in it”: soaring deductibles, which give the fake impression of contained, low all-in costs… until one actually needs expensive medial help (and these days there is no other kind).

The latest expose against Obamacare comes not from its usual nemesis, but the hard-left NYT, suggesting that even the ideological supporters of Obama’s “crowning achievement” are losing faith. To wit:

Obama administration officials, urging people to sign up for health insurance under the Affordable Care Act, have trumpeted the low premiums available on the law’s new marketplaces.

 

But for many consumers, the sticker shock is coming not on the front end, when they purchase the plans, but on the back end when they get sick: sky-high deductibles that are leaving some newly insured feeling nearly as vulnerable as they were before they had coverage.

 

“The deductible, $3,000 a year, makes it impossible to actually go to the doctor,” said David R. Reines, 60, of Jefferson Township, N.J., a former hardware salesman with chronic knee pain. “We have insurance, but can’t afford to use it.”

 

In many states, more than half the plans offered for sale through HealthCare.gov, the federal online marketplace, have a deductible of $3,000 or more, a New York Times review has found. Those deductibles are causing concern among Democrats — and some Republican detractors of the health law, who once pushed high-deductible health plans in the belief that consumers would be more cost-conscious if they had more of a financial stake or skin in the game.

 

“We could not afford the deductible,” said Kevin Fanning, 59, who lives in North Texas, near Wichita Falls. “Basically I was paying for insurance I could not afford to use.” He dropped his policy.

In other words, Obamacare’s “affordable care” is affordable, as long as one doesn’t actually have to use it!”

Read more:

http://www.zerohedge.com/news/2015-11-15/meet-family-just-spent-half-its-annual-income-paying-obamacare

 

Obamacare nightmare unaffordable, Higher premiums and deductibles, Job losses part time jobs, School closes, MIT economist Jonathan Gruber lack of transparency and stupidity of American voter allowed Obamacare to be passed

Obamacare nightmare unaffordable, Higher premiums and deductibles, Job losses part time jobs, School closes, MIT economist Jonathan Gruber lack of transparency and stupidity of American voter allowed Obamacare to be passed

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

“Blue Cross and Blue Shield of New Mexico has requested rate increases averaging 51 percent for its 33,000 members. The proposal elicited tart online comments from consumers.”

““Our enrollees generated 24 percent more claims than we thought they would when we set our 2014 rates,” said Nathan T. Johns, the chief financial officer of Arches Health Plan, which covers about one-fourth of the people who bought insurance through the federal exchange in Utah. As a result, the company said, it collected premiums of $39.7 million and had claims of $56.3 million in 2014. It has requested rate increases averaging 45 percent for 2016.”…NY Times July 3, 2015

“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

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

 

 

 

Obamacare sticker shock.

Well there should have been.

First clues?

The biggest liar ever to occupy the White House was pushing it and the IRS is involved.

For 2016 there will be a penalty up to $ 695 per uninsured household member.

But that may be the good news.

In June of 2015 MIT economist Jonathan Gruber, a paid Obama consultant, explained out Obamacare was passed.

“lack of transparency”
“the stupidity of the American voter”

Obamacare reality shock.

Citizen Wells has been reporting about the rising premiums and impact on jobs from Obama care.

From Citizen Wells August 8, 2015.

“Blue Cross now seeking 34.6% rate hike in NC for ACA plans

Insurer is scrapping June request for 25.7% increase

Blames Affordable Care Act for driving up costs”

https://citizenwells.com/2015/08/08/nc-blue-cross-raises-obamacare-premiums-34-6-percent-obama-lies-healthcare-dies-affordable-care-act-driving-up-costs-replaces-june-request-of-25-7-aca-customers-use-expensive-services-for-chronic/

From Citizen Wells March 10, 2015.

“‘Over the last six months, of the net job creation, 97 percent of that is part-time work,’ said Keith Hall, a senior researcher at George Mason University’s Mercatus Center. ‘That is really remarkable.’”Hall is no ordinary academic. He ran the Bureau of Labor Statistics, the agency that puts out the monthly jobs report, from 2008 to 2012. Over the past six months, he said, the Household Survey shows 963,000 more people reporting that they were employed, and 936,000 of them reported they’re in part-time jobs.” ‘That is a really high number for a six-month period,’ Hall said. ‘I’m not sure that has ever happened over six months before.’ “”
“How, then, to explain what’s happened since January? Back to the McClatchy article and Hall, the former BLS chief:

“Hall speculated that the implementation of the Affordable Care Act, shorthanded as Obamacare, might be resulting in employers shifting workers to part-time status to avoid coming health care obligations.”

https://citizenwells.com/2015/03/10/5-2-million-full-time-employments-lost-obamas-first-year-part-time-jobs-created-job-myths-lies-exposed-media-lies-whitehouse-lies-obamacare-created-more-full-times-jobs-let-the-drug-testing/

From Zero Hedge October 26, 2015.

“What was supposed to be affordable remains painfully unaffordable for the lowest rung of the employment pyramid.

Here is the actual math as experienced by both the abovementioned Mr. Sewell of Golden Corral restaurants, and his mostly minimum-wage employees.

He employs 1,800 people at the 26 Golden Corral franchises he owns in six Southern and Midwestern states, and previously offered insurance only to his salaried management staff. In January, when the employer mandate took effect, he made the same insurance plan, with a bigger employer contribution, available to all employees working an average of 30 or more hours a week.

Running the math on his plan — a typical one for the restaurant industry — illustrates why a number of low-wage workers are falling through gaps in the Affordable Care Act.

The annual premium for individual coverage through the Golden Corral Blue Cross Blue Shield plan is $4,800. Mr. Sewell pays 65 percent for service workers, leaving them with a monthly cost of $140.

The health care law defines affordable employer-sponsored insurance as that priced at 9.5 percent or less of an employee’s annual household income for individual coverage. (Because employers do not know how much money their workers’ relatives make, there are several “safe harbors” they can use for compliance, including basing their calculation on only their own employees’ wages.) Mr. Sewell’s insurance meets the test, but $65 per biweekly paycheck is more than most of his workers are willing — or able — to pay for insurance that still carries steep out-of-pocket costs, including a $2,500 deductible.

And this is where Obamacare’s employee mandate fails for a vast majority of US workers.”

Read more:

http://www.zerohedge.com/news/2015-10-26/latest-obamacare-fiasco-most-low-income-workers-cant-afford-affordable-care-act

From the Times Free Press October 14, 2015.

“Tennessee county closes schools, cites Obamacare as reason

Classes in a small, financially struggling school district in northern Tennessee have been canceled until officials can find a way to generate more revenue.

Clay County Director of Schools Jerry Strong said the school board made the decision Thursday night after struggling with budget concerns for three years. He said the district doesn’t have enough money to pay for partially unfunded government mandates.

“Clay County’s inability to generate the revenue to offset the mandates is what’s caused this to come to a head,” he said. “The straw that broke the camel’s back was really the Affordable Care Act for us and it has made it very difficult for us to have our employees properly covered and meet the mandates of the law.”

Read more:

http://www.timesfreepress.com/news/local/story/2015/oct/14/tennessee-county-closes-schools-cites-obamacare-reason/330504/

From the Washington Post July 3, 2014.

“We are seeing more part-time jobs because employers can’t afford to pay the Obamacare premiums for employees who work more than 30 hours a week. How many Americans will leave the workforce for good? How much lower will the labor force participation rate drop? In other words, how much more dependency will the Obama presidency create?”

Read more:

http://www.washingtonpost.com/blogs/post-partisan/wp/2014/07/03/the-insiders-this-months-jobs-headlines-dont-tell-the-true-story/

From Zero Hedge June 26, 2015.

“America’s Obamacare Nightmare Is Just Beginning”

“So, the debate will intensify over the primary issue: costs. In every state, the fundamental components of state health-care costs—the demographics, the underlying costs of care delivery and the competitiveness of the markets—are juiced up by expensive federal benefit mandates and individual and group insurance rules and regulations. These all drive costs skyward. As my Heritage colleagues have demonstrated, this regulatory regime forces young people to pay up to 44 percent more in premiums. Washington’s subsidies simply try to hide the true costs of the law; they don’t control them.

The law remains unworkable. The complicated insurance subsidy program itself has been a mess. H&R Block reported that about two thirds of subsidy recipients had to repay money back to the government because they got bigger than allowable subsidies. With the individual mandate, the administration has been granting lots of exemptions to insulate most of the uninsured from any penalty. That’s rather predictable; after all, even candidate Barack Obama argued that an individual mandate was unfair and unenforceable.

As for the employer mandate—another fractured cornerstone of Obamacare—the administration has delayed it for one year. Even liberal supporters now want to repeal it, fearing damage to the labor markets.

And what about those big “savings” from the Medicare payment reductions? They were earmarked to help cover the costs of the insurance subsidies. Yet the Medicare Actuary and the CBO have both routinely dismissed the massive Medicare payment cuts as either unrealistic or unsustainable.”

Read more:

http://www.zerohedge.com/news/2015-06-26/guest-post-americas-obamacare-nightmare-just-beginning

If I were the new president, the first thing I would do is immediately disconnect the IRS from our healthcare system and then begin methodically to dismantle Obamacare concurrently with providing basic healthcare services for lower income Americans.

Of course not requiring employers to provide health care combined with a real job creating environment would go a long way to fixing our jobs and economy crisis.