Category Archives: Economy

Obama aka Big Brother demands health care increase reports, Health insurance companies to report all price increases, Orwellian rectifying?, Thwart bad news?

Obama aka Big Brother demands health care increase reports, Health insurance companies to report all price increases, Orwellian rectifying?, Thwart bad news?

“And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it’s going up at the level of inflation, maybe just slightly above inflation, we’ve made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That’s why we did it.”…Barack Obama

“However … health insurance rates and benefit coverage plan costs have continued to increase. As a result of those increases, county employees have experienced a pay decrease that has grown larger each year.”…Guilford County Interim Manager Sharisse Fuller

“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.”…George Orwell, “1984”

Obama, aka Big Brother, is demanding that all health care increases be reported to him. Apparently too many reports of health care insurance increases are being reported and they must be rectified.

Once again we look to George Orwell for guidance. Refer to “1984” and set your decoder rings accordingly.

From the NY Times March 3, 2013.

“Obama Asks Health Plans to Report Rising Rates”

“The Obama administration says it will require health insurance companies to report all price increases, no matter how small, to the federal government so officials can monitor the impact of the new health care law and insurers’ compliance with it.

Under current rules, the federal government requires insurers to report information on rate increases of 10 percent or more. New rules being issued by the administration will extend this requirement to all rate increases for all health plans sold to individuals, families and small businesses — a total of 60 million people.

Federal health officials said they needed the additional data to monitor trends in premiums as major provisions of the law take effect and more people buy insurance.

“The purpose of this policy is to identify patterns that could indicate market disruption, which could occur given the additional standards that apply” to insurance starting next year, the administration said in a justification of the rules adopted by Kathleen Sebelius, the secretary of health and human services.

Under the new law, Ms. Sebelius said, she is supposed to “monitor premium increases of health insurance coverage” inside and outside the regulated state-level markets known as insurance exchanges.”

“A fierce debate has erupted over the impact of Mr. Obama’s health care law. Insurers and employers predict that it will drive up premiums, especially for healthy people under the age of 35. The White House disputes that prediction and says that many factors will lead to lower prices.”

“The White House says the fears of “rate shock” are overblown. Consumers can move from expensive health plans to more efficient, lower-cost plans, the administration says. It says critics who focus on premiums do not take account of other provisions of the law that limit how much consumers will spend out of their own pockets for health care.”

Read more:

From Citizen Wells March 4, 2013.

“The county has cut costs for the past two years by increasing co-pays,
deductible amounts and out-of-pocket maximums for employees.

“Over the last four years, no merit increases have been awarded to
Guilford County employees,” Fuller said Friday in an email. “However
… health insurance rates and benefit coverage plan costs have
continued to increase. As a result of those increases, county
employees have experienced a pay decrease that has grown larger each
year.””

““It looks to me like Obamacare is causing prices to go up and will
continue to make prices go up,” Henning said. “That’s something we’re
going to have to deal with, like everyone else in this economy.”

“The question is do you raise costs or do you cut services?” Henning
said. “Hopefully, we won’t do either. But health care costs are going
up for everyone. County employees aren’t immune.””

https://citizenwells.wordpress.com/2013/03/04/guilford-county-nc-healthcare-cost-increases-may-cause-benefit-cuts-obamacare-costs-no-pay-raises-in-4-years-obamacare-is-causing-prices-to-go-up/

From Citizen Wells September 26, 2012.

“Health Insurance Costs Skyrocket For College Students Due To ObamaCare”

“Can we stop calling ObamaCare the Affordable Care Act now?

A Young America’s Foundation activist forwarded an email from the Vice President for Finance at his school, Guilford College (Greensboro, NC), informing him that, “For the 2012-13 academic year, the annual cost of the student health insurance is increasing from $668 to $1,179. This insurance premium has been charged to your student account.”

Why the increase? “Our student health insurance policy premium has been substantially increased due to changes required by federal regulations issued on March 16, 2012 under the Affordable Care Act.”

“Guilford joins a long list of colleges raising their premiums. Virtually all current student insurance plans do not meet ObamaCare’s mandates, and Forbes reports colleges have been forced to drop their plans or raise their premiums rates as much as 1,112% (and no, that’s not a typo).”

“Lenoir-Rhyne University (Hickory, NC) raised theirs from $245 to $2,507″

“Health Premiums Up $3,000; Obama Vowed $2,500 Cut”

“During his first run for president, Barack Obama made one very specific promise to voters: He would cut health insurance premiums for families by $2,500, and do so in his first term.

But it turns out that family premiums have increased by more than $3,000 since Obama’s vow, according to the latest annual Kaiser Family Foundation employee health benefits survey.

Premiums for employer-provided family coverage rose $3,065 — 24% — from 2008 to 2012, the Kaiser survey found. Even if you start counting in 2009, premiums have climbed $2,370.

What’s more, premiums climbed faster in Obama’s four years than they did in the previous four under President Bush, the survey data show.

https://citizenwells.wordpress.com/2012/09/26/health-premiums-up-3000-obama-promised-2500-cut-student-health-care-doubles-triples-and-more-obamacare-another-obama-lie-kaiser-survey/

Guilford county NC healthcare cost increases may cause benefit cuts, Obamacare costs, No pay raises in 4 years, Obamacare is causing prices to go up

Guilford county NC healthcare cost increases may cause benefit cuts, Obamacare costs, No pay raises in 4 years, Obamacare is causing prices to go up

“And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it’s going up at the level of inflation, maybe just slightly above inflation, we’ve made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That’s why we did it.”…Barack Obama

“However … health insurance rates and benefit coverage plan costs have continued to increase. As a result of those increases, county employees have experienced a pay decrease that has grown larger each year.”…Guilford County Interim Manager Sharisse Fuller

“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011

We warned you.

From the Greensboro News Record March 4, 2013.

“Guilford workers could see cuts to health benefits”
“Some county leaders say it’s possible — but they hope it can be avoided.

Guilford County commissioners are searching for where to save money as
the county faces a $41 million budget deficit. This month, the
commissioners plan to meet with representatives from UnitedHealthcare,
which manages health insurance for county employees, about how the
company can provide savings to the county.

The meeting has some commissioners nervous on behalf of employees they
say are already struggling.

“I am concerned that the purpose of that discussion will be to take
away some of the benefits that our employees now have,” Commissioner
Carolyn Coleman said. “They haven’t had a raise in four years. We
don’t have the same insurance that the Senate or the president have,
but it’s decent insurance. I think we owe it to them to provide the
best insurance we can.””

“The county has cut costs for the past two years by increasing co-pays,
deductible amounts and out-of-pocket maximums for employees.

“Over the last four years, no merit increases have been awarded to
Guilford County employees,” Fuller said Friday in an email. “However
… health insurance rates and benefit coverage plan costs have
continued to increase. As a result of those increases, county
employees have experienced a pay decrease that has grown larger each
year.””

““It looks to me like Obamacare is causing prices to go up and will
continue to make prices go up,” Henning said. “That’s something we’re
going to have to deal with, like everyone else in this economy.”

“The question is do you raise costs or do you cut services?” Henning
said. “Hopefully, we won’t do either. But health care costs are going
up for everyone. County employees aren’t immune.””

Read more:

http://www.news-record.com/news/826898-91/costs-could-erode-county-benefits

European record unemployment, 11.9 percent in 17 nation euro zone, Spain 26.2 percent, January 2013, Euro zone forecast to shrink 0.3 percent

European record unemployment, 11.9 percent in 17 nation euro zone, Spain 26.2 percent, January 2013, Euro zone forecast to shrink 0.3 percent

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

“We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times … and then just expect that other countries are going to say OK,”…Barack Obama May 2008

 “…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 the NY Times March 1, 2013.

“Euro Zone Unemployment Rises to Record”

“The unemployment rate in the euro zone edged up in January to a new record, official data showed Friday, as the ailing European economy continued to weigh on the job market.

That, and new data showing a decline in inflation in the euro zone, could prompt the European Central Bank to take steps to stimulate the economy when its Governing Council meets this week, analysts said.

Unemployment in the 17-nation euro zone climbed to 11.9 percent in January from 11.8 percent the previous month, according to Eurostat, the statistical office of the European Union.

For the 27 nations of the Union, the jobless rate in January stood at 10.8 percent, up from 10.7 percent in December. All of the figures were seasonally adjusted.

A separate Eurostat report showed price pressures easing in February. In the euro zone, the annual inflation rate came in at 1.8 percent, down from 2 percent in January and below the European Central Bank’s 2 percent target.

The jobless data “suggest that wage growth is set to weaken from already low rates” and further depress consumer spending, which has already been damped by government austerity measures, Jennifer McKeown, an economist at Capital Economics in London, wrote in a research note.”

“In absolute terms, Eurostat estimated Friday that 19 million people in the euro zone and more than 26 million people in the overall Union were unemployed.

Spain’s unemployment rate in January was 26.2 percent, and Portugal’s was 17.6 percent. Austria, at just 4.9 percent, had the lowest rate, followed by Germany and Luxembourg, both of which had 5.3 percent unemployed.

Greece’s unemployment rate in November, the latest month for which Eurostat has figures for the country, was 27 percent.

France, with the second-largest euro zone economy, after Germany’s, had a 10.6 percent jobless rate in January. In Britain, not a euro member, the jobless rate stood at 7.7 percent.”

Read more:

Do not be fooled by the Obama controlled media reports. With the millions of people dropping out of the US labor force, unemployment here is much closer to that of the Euro zone.

Sequestration begins, March 1, 2013, Congress fails to reach agreement, More Obama failure and blame, $85 billion spending sequesters

Sequestration begins, March 1, 2013, Congress fails to reach agreement, More Obama failure and blame, $85 billion spending sequesters

“Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”…Barack Obama 

“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

 

More Obama spending failures and blaming others.

From the Washington Times March 1, 2013.

“Sequestration process begins: Congress fails to reach agreement on budget fixes before deadline”

“The federal government careened into the $85 billion spending sequesters Friday, embracing some of the biggest budget cuts in American history — though it will take weeks for most of the pain to be felt.

Most lawmakers said they had hoped to avoid the across-the-board cuts but couldn’t come to a consensus on how to do so. Senators defeated two last-ditch efforts Thursday and then House members skipped town for the weekend, leaving it to President Obama to begin carrying out the cuts, which he said he would do just before midnight.

He has scheduled a Friday morning meeting with congressional leaders to talk about the situation, but no action is expected.
In the short term, the White House has directed federal agencies to curtail travel, cancel any bonuses they aren’t legally obligated to pay, and begin writing plans for how to furlough employees.

Those furlough notices will go out in coming weeks, and federal contractors and state and local governments will have to adjust to lower federal funding.
It’s pain that few in Washington wanted. But lawmakers were unable to settle on a more palatable alternative, making the sequesters, in effect, a bad idea whose time has come.”

“Mr. Obama chastised senators for failing.

“Instead of closing a single tax loophole that benefits the well-off and well-connected, they chose to cut vital services for children, seniors, our men and women in uniform and their families,” he said. “They voted to let the entire burden of deficit reduction fall squarely on the middle class.””

“Some of the pain the administration has warned about may not be true.

Education Secretary Arne Duncan, speaking in the White House briefing room this week, pointed to a school district in West Virginia that he said was laying off teachers because of the sequester. But school officials there said it had nothing to do with the sequester.”

http://www.washingtontimes.com/news/2013/feb/28/sequester-imminent-after-senate-fails-act/

Sequestration impact on Federal Education Programs, Automatic across the board reductions in discretionary programs, Obama stimulus and failed energy spending helped create huge deficit

Sequestration impact on Federal Education Programs, Automatic across the board reductions in discretionary programs, Obama stimulus and failed energy spending helped create huge deficit

“Why was Obama in constant contact with Tony Rezko in 2004 when Rezko was conspiring with William Cellini to use TRS, Teacher Retirement Fund, assets for political gain and personal enrichment?”…Citizen Wells

“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

Much is being said about the impact of sequestration on federal education spending.

From the NEA.

“Impact of Sequestration on Federal Education Programs – State-by-State

Across-the-board cuts known as “sequestration” are scheduled to go into effect on March 1, 2013 unless Congress acts.  These cuts – nearly $3 billion for education alone —  would result in:

  • Services cut or eliminated for millions of students.
  • Funding for children living in poverty, special education, and Head Start slashed by billions.
  • Ballooning class sizes.
  • Elimination of after-school programs.
  • Decimation of programs for our most vulnerable—homeless students, English language learners, and high-poverty, struggling schools.
  • Slashing of financial aid for college students.
  • Loss of tens of thousands of education jobs—at early childhood, elementary, secondary, and postsecondary levels.

http://www.nea.org/home/52610.htm

Sequestration defined.

From Idea Money Watch.

Q. What is sequestration? (Pronounced se″kwes-tra´shun)
A. Sequestration is a fiscal policy procedure adopted by Congress to deal with the federal budget deficit. It first appeared in the Gramm-Rudman-Hollings Deficit Reduction Act of 1985.

Simply put, sequestration is the cancellation of budgetary resources — an “automatic” form of spending cutback. (Learn more here.)
 Q. Why is sequestration important now?

A. The Budget Control Act of 2011 (BCA) established a 12 member Joint Select Committee on Deficit Reduction  (or “super committee”)  charged with reducing the deficit by an additional $1.2 – $1.5 trillion over ten years. The BCA also included a sequestration hammer should the super committee fail, a provision intended to “force” the super committee to act.

Despite the threat of sequestration, the super committee failed. Announcing its inability to reach an agreement on November 21, 2011, the members of the bipartisan committee stated  that “after months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline.”

So, as established in the BCA, sequestration was triggered when the super committee failed to reach an agreement. Sequestration generates automatic cuts for each of nine years, FY 13-21, totaling $1.2 trillion. Sequestration was originally scheduled to take effect on Jan. 2, 2013. However, it was delayed for two months – until March 1, 2013, by the deal struck on New Year’s Eve, called the American Taxpayer Relief Act of 2012.

Now, without Congressional action to prevent sequestration, the first round of cuts will take place on March 1, 2013.

The 2013 cuts apply to “discretionary” spending and are divided between reductions to  defense ($500 billion) and non-defense ($700 billion). 

Q. What must occur in order to avoid sequestration?  


A.
 Sequestration can only be avoided if Congress passes legislation that undoes the legal requirement in the BCA and that President Obama will sign before March 1, 2013.

While advocacy efforts to prevent sequestration are beginning to spring up, the strongest efforts focus on preventing the deep cuts to defense spending.


Q. Can the Executive Branch reconfigure sequestration cuts?


A. 
No. The cuts are automatic, across-the-board reductions to all discretionary programs unless exempted by the BCA. (A list of exempt programs is available here
.) The Executive Branch will have no authority or ability to redistribute the cuts.

http://www.ideamoneywatch.com/main/index.php?option=com_content&view=article&id=60&Itemid=72

$ 3 billion in education cuts because our spending is out of control.

How did that happen?

Here is part of the reason.

A $840 billion Obama stimulus program.

From The Foundry October 18, 2012.

“The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse (although not all are linked to the green-energy funds), and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain.”

“So far, 34 companies that were offered federal support from taxpayers are faltering — either having gone bankrupt or laying off workers or heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy and other agencies. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher.

The complete list of faltering or bankrupt green-energy companies:

  1. Evergreen Solar ($25 million)*
  2. SpectraWatt ($500,000)*
  3. Solyndra ($535 million)*
  4. Beacon Power ($43 million)*
  5. Nevada Geothermal ($98.5 million)
  6. SunPower ($1.2 billion)
  7. First Solar ($1.46 billion)
  8. Babcock and Brown ($178 million)
  9. EnerDel’s subsidiary Ener1 ($118.5 million)*
  10. Amonix ($5.9 million)
  11. Fisker Automotive ($529 million)
  12. Abound Solar ($400 million)*
  13. A123 Systems ($279 million)*
  14. Willard and Kelsey Solar Group ($700,981)*
  15. Johnson Controls ($299 million)
  16. Brightsource ($1.6 billion)
  17. ECOtality ($126.2 million)
  18. Raser Technologies ($33 million)*
  19. Energy Conversion Devices ($13.3 million)*
  20. Mountain Plaza, Inc. ($2 million)*
  21. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
  22. Range Fuels ($80 million)*
  23. Thompson River Power ($6.5 million)*
  24. Stirling Energy Systems ($7 million)*
  25. Azure Dynamics ($5.4 million)*
  26. GreenVolts ($500,000)
  27. Vestas ($50 million)
  28. LG Chem’s subsidiary Compact Power ($151 million)
  29. Nordic Windpower ($16 million)*
  30. Navistar ($39 million)
  31. Satcon ($3 million)*
  32. Konarka Technologies Inc. ($20 million)*
  33. Mascoma Corp. ($100 million)

*Denotes companies that have filed for bankruptcy.”

http://blog.heritage.org/2012/10/18/president-obamas-taxpayer-backed-green-energy-failures/

WE warned you.

Obama is doing to the US education system what he and his cronies did to Illinois.

From Citizen Wells March 29, 2012.

“Obama, Blagojevich and their cronies used the citizens of Illinois, Teachers Retirement System, hospitals and taxpayer dollars for their own benefit.”

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

“In 2002, the year after Obama made the pitch, the Illinois Teacher Retirement System reported an 18% increase in assets managed by minority-owned firms. Ariel’s share grew to $442 million by 2005.

In 2006, after the federal investigation became public, the teacher pension board severed its relationship with Ariel, concluding that Ariel’s investment returns were insufficient.”

“In addition to lining their own pockets, the money gained through the scheme was funneled to the campaigns of Blagojevich and Obama. Prosecutors have identified two $10,000 payments that were made to Obama’s US Senate campaign through straw donors Joseph Aramanda and Elie Maloof, which originated from a kickback paid by investment firm, Glencoe Capital, to secure approval for a $50 million deal.
Aramanda and Maloof also each gave Obama $1,000 for his failed run for Congress in 2000. Once Obama became a US Senator, Aramanda’s son was granted a coveted intern position in Obama’s Senate office in Washington during the summer of 2005, based on a request which the Obama’s camp has admitted came from Rezko.”

“Mr. Obama also recently pointed to his work on the Illinois pension issue as a model for what he would do as president to promote minority-owned companies.”

Read more:

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

Obama high gas price solution, Use less oil, Energy costs cripple business jobs homes economy, Obama lies and warnings, If they want to build coal plants they can but it will bankrupt them

Obama high gas price solution, Use less oil, Energy costs cripple business jobs homes economy, Obama lies and warnings, If they want to build coal plants they can but it will bankrupt them

“For the well-off in this country, high gas prices are mostly an annoyance, but to most Americans they’re a huge problem, bordering on a crisis.”…Barack Obama May 2008

“We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times … and then just expect that other countries are going to say OK,”…Barack Obama May 2008

“if they want to build [coal plants], they can, but it will bankrupt them”…Barack Obama

You were warned….

By Obama.

From WCSC February 20, 2013.

“”Gas prices continue to be an ongoing problem,” said Obama. “I’m proud of the fact that under my administration, oil production is higher than it has been in a decade or more. We have seen a doubling of fuel efficiency standards on cars over the next several years, so that is saving people money at the pump.”

The president said one of the things that must happen in order to lower gas prices is to make the “overall economy use less oil.”

“Unfortunately because of world-wide demand, oil prices are going to keep going up and down until we put in place some of the energy saving proposals I talked about in the State of the Union,” Obama said.”

http://www.live5news.com/story/21289844/president-obama-

2012 National Federation of Independent Business October Survey

“MOST IMPORTANT PROBLEM: 2012

1.  Rising Cost of Health Care Insurance
2.  Uncertainty over Economic Conditions
3.  Energy Costs
4.  Uncertainty over Government Actions
5.  Unreasonable Government Regulations
6.  Federal Taxes on Business Income
7.  Tax Complexity
8.  Frequent Changes in Federal Tax Laws and Rules
9.  Property Taxes
10. State Taxes on Business Income”

http://www.nfib.com/research-foundation/surveys/small-business-economic-trends

From Citizen Wells July 29, 2012.

Gas prices are going back up and currently average $ 3.49 in the US. One of the biggest reasons gasoline prices have not risen further is the downturn in the US and world economies.

From the NY Times June 13, 2012.

“Mark Juull, a construction contractor for public and residential housing, has something to be thankful for in this sluggish economy: With global commodity prices falling, he’s saving $200 a week on fuel for his three trucks and finding deals on aluminum, lumber and roof shingles, which are typically made from petroleum.”

“Over the last month, global oil prices have declined by about 12 percent, while corn, copper, lead, cocoa and coffee have all dropped by 5 percent or more. Prices of corn, cocoa, oats, cotton, rubber, coffee, aluminum, silver, zinc and nickel are all more than 20 percent lower than a year ago.

Gasoline prices are falling precipitously, too, down nearly 20 cents over the last month alone, to a national average of $3.54 a gallon on Wednesday. That is nearly 45 cents below the high for the year reached in early April. The average household consumes 1,200 gallons of gasoline a year, so every dime shaved off the price of gas translates into a $120 annual savings, according to the Oil Price Information Service.

“The world economy is in risk of a recession and on that possibility, commodity prices weaken,” said Allen L. Sinai, chief global economist for Decision Economics, a consulting firm. “Lower inflation comes with weakening economies.”

Oil is among the commodities that have fallen in price the fastest despite continuing tensions in the Middle East and the tightening sanctions on Iran. OPEC production has been soaring in recent months because of mushrooming crude exports from Iraq, an almost total resumption of exports from Libya since the fall of the Qaddafi dictatorship, and a concerted drive by Saudi Arabia to push up production. At a meeting in Vienna on Thursday, OPEC is expected to decide to keep production steady despite weakening prices.”

http://www.nytimes.com/2012/06/14/business/economy/weak-economys-mixed-blessing-falling-commodity-prices.html

In 2009 when Obama took office, gasoline averaged around $ 1.85 a gallon. Here is a chart of gasoline prices for the last 3 years.

A long time commenter here brought this to my attention.

From WND February 16, 2012.

“The Obama administration, despite the nation’s economic woes, effectively killed the job-producing Keystone Pipeline last month. The Arab Spring is turning the oil production of Libya and other Arab nations over to the Muslim Brotherhood. Iraq is distancing itself from the U.S. And everyone recognizes that Iran, whose crude supplies are critical to the European economy, will do anything it can to frustrate America’s strategic interests. In the face of all of this, Obama insists on cutting back U.S. oil potential with outrageous restrictions.”

“Part of Obama’s apparent war against U.S. energy independence includes a foreign-aid program that directly threatens my state’s sovereign territory. Obama’s State Department is giving away seven strategic, resource-laden Alaskan islands to the Russians. Yes, to the Putin regime in the Kremlin.

The seven endangered islands in the Arctic Ocean and Bering Sea include one the size of Rhode Island and Delaware combined. The Russians are also to get the tens of thousands of square miles of oil-rich seabeds surrounding the islands. The Department of Interior estimates billions of barrels of oil are at stake.

The State Department has undertaken the giveaway in the guise of a maritime boundary agreement between Alaska and Siberia. Astoundingly, our federal government itself drew the line to put these seven Alaskan islands on the Russian side. But as an executive agreement, it could be reversed with the stroke of a pen by President Obama or Secretary Clinton.

The agreement was negotiated in total secrecy. The state of Alaska was not allowed to participate in the negotiations, nor was the public given any opportunity for comment. This is despite the fact the Alaska Legislature has passed resolutions of opposition – but the State Department doesn’t seem to care.

The imperiled Arctic Ocean islands include Wrangel, Bennett, Jeannette and Henrietta. Wrangel became American in 1881 with the landing of the U.S. Revenue Marine ship Thomas Corwin. The landing party included the famed naturalist John Muir. It is 3,000 square miles in size.

Northwest of Wrangel are the DeLong Islands, named for George Washington DeLong, the captain of USS Jeannette. Also in 1881, he discovered and claimed these three islands for the United States. He named them for the voyage co-sponsor, New York City newspaper publisher James Gordon Bennett. The ship’s crew received a hero’s welcome back in Washington, and Congress awarded them gold medals.

In the Bering Sea at the far west end of the Aleutian chain are Copper Island, Sea Lion Rock and Sea Otter Rock. They were ceded to the U.S. in Seward’s 1867 treaty with Russia.

Now is the time for the Obama administration to stand up for U.S. and Alaskan rights and invaluable resources. The State Department’s maritime agreement is a loser – it gives us nothing in return for giving up Alaska’s sovereign territory and invaluable resources. We won the Cold War and should start acting like it.”

http://www.wnd.com/2012/02/obamas-giveaway-oil-rich-islands-to-russia/

And now we learn.

From Patriot Update July 28, 2012.

“After Obama Blocks Pipeline, China Readies $15.1B Canadian Oil Deal”

“When President Barack Obama blocked the Keystone Pipeline, Republicans said the move would encourage Canada to pursue oil deals with China instead of the United States and cede a massive chunk of North American oil assets to the communist nation.

Now, with China’s state-run oil company CNOOC poised to cut a $15.1 billion deal–the largest ever foreign acquisition for a Chinese company–with Canadian oil company Nexen, Sen. Charles Schumer (D-NY) and Rep. Nancy Pelosi (D-CA) are in full backpedal mode.

In a draft letter to the Committee on Foreign Investment in the United States (CFIUS), Sen. Schumer writes:

I respectfully urge you, in your capacity as chairman of the Committee on Foreign Investment in the United States (CFIUS), to withhold approval of this transaction to ensure U.S. companies reciprocal treatment.

Similarly, Rep. Pelosi is now sounding alarms of concern. In a statement, Pelosi spokesperson Drew Hamill said:

This deal prompts great concern about the Chinese government’s continued attempts to use its state-owned enterprises to acquire global energy resources.

Saying “I told you so” offers little solace to concerned Republican lawmakers.”

https://citizenwells.wordpress.com/2012/07/29/july-29-2012-gas-prices-up-obama-energy-policy-rewards-friends-punishes-americans-alaska-island-giveaway-to-russians-keystone-pipeline-canada-china-oil-deal/

Unemployment insurance weekly claims, February 21, 2013, US Labor Dept., Increase of 20k, 4 week moving average up 8 thousand, Labor force dropouts not reflected

Unemployment insurance weekly claims, February 21, 2013, US Labor Dept., Increase of 20k, 4 week moving average up 8 thousand, Labor force dropouts not reflected

“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012

“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011

“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.”…George Orwell, “1984″

 

From the US Labor Dept. February 21, 2013.

“UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending February 16, the advance figure for seasonally adjusted initial claims was 362,000, an increase of 20,000 from the previous week’s revised figure of 342,000. The 4-week moving average was 360,750, an increase of 8,000 from the previous week’s revised average of 352,750.

The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending February 9, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 9 was 3,148,000, an increase of 11,000 from the preceding week’s revised level of 3,137,000. The 4-week moving average was 3,186,250, a decrease of 6,750 from the preceding week’s revised average of 3,193,000.”

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

Remember, those who have dropped out of the labor force are not reflected in these figures.

Obama for dummies, Raising miminum wage hurts employment and consumers, Businesses don’t pay for increase, Employees and consumers pay, Higher unemployment and prices

Obama for dummies, Raising miminum wage hurts employment and consumers, Businesses don’t pay for increase, Employees and consumers pay, Higher unemployment and prices

“Tonight, let’s declare that, in the wealthiest nation on earth, no one who works fulltime should have to live in poverty — and raise the federal minimum wage to $9 an hour.”…Barack Obama

“The truth is, raising the minimum wage could be just about the worst thing he could do for the jobs market. We are already 7 million jobs in the hole, 7 million fewer jobs than when the President took office. Raising the minimum wage means employers whose businesses are struggling will simply get rid of jobs. They will cut workers. According to the Heritage Foundation, the last minimum wage increase eliminated 300,000 jobs”…Gerri Willis Fox News

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

The following, as Rush Limbaugh would say, is designed to educate low information voters.

Just as businesses do not pay taxes, they do not pay for minimum wage increases. Employees and consumers do.

Examples:

Company A has 10 college student employees receiving the minimum wage. With an increase, they are forced to let one employee go.

Company B, a taxi service in a small city, serves primarily people without cars. They have twenty drivers receiving minimum wage but they also receive tips. With a minimum wage increase the company is forced to cut back on hours and raise prices. The impact on lower income people is higher fares and reduced availability.

Company C is growing. They need to hire several employees. They start them at minimum wage but give performance raises after 6 months. With the minimum wage increase they are forced to review their hiring plans. The higher minimum wage coupled with increased health care costs will delay hiring plans.

Company D, a cable provider, uses many minimum wage employees. They are the only game in town so they raise prices. People complain but still want cable.

From Fox Business February 13, 2013.

“The truth is, raising the minimum wage could be just about the worst thing he could do for the jobs market. We are already 7 million jobs in the hole, 7 million fewer jobs than when the President took office. Raising the minimum wage means employers whose businesses are struggling will simply get rid of jobs. They will cut workers. According to the Heritage Foundation, the last minimum wage increase eliminated 300,000 jobs,

For a president who says he won’t sleep until everybody who wants a job has one, get some NoDoz because there are going to be some sleepless nights.

There are unintended consequences of a higher wage policy, but there is also the fact that the President inaccurately depicts the people on minimum wage. If you surmised from the President’s description that minimum wage workers were single mothers balancing a job at McDonald’s and caring for her children, you’d be wrong.  Most minimum wage workers aren’t adults but people 25 years of age and under, and 60% work part-time.

The true picture of the typical minimum wage worker is a high school or college student with a part-time job, balancing work with the demands of an academic life. Do they deserve a 14% pay hike?

According to the Heritage Foundation, people who are paid minimum wage typically live in households with incomes two or more times over the official poverty level. Non-economists refer to them as mom and dad.

Here’s what the President doesn’t understand that you probably do: minimum wage jobs are training positions. The employer contributes every bit as much to the worker in terms of training teaching job skills, good work habits, how to meet expectations, as the worker does. That’s why these folks aren’t getting top dollar. They are newbies.

The job market is full of people performing at different levels and they all don’t get paid the same amount of money! That is fair, right and good.

Oh, and by the way, two-thirds of minimum wage workers don’t earn minimum wage after a year. They get a raise!”

Read more:

http://www.foxbusiness.com/on-air/willis-report/blog/2013/02/13/obama-s-minimum-wage-job-killer

Economics 101

From Citizen Wells April 3, 2012.

“What about taxes?

First, the corporate tax rate in the US is near or at the top in the world.

US oil companies pay enormous amounts of taxes. How does this compare to one of Obama’s pay to play buddies GE? Check this out for yourself.

Here is the really important point about raising taxes on oil companies and other companies.

Companies (corporations, LLC’s, partnerships, sole proprietors) do not paytaxes!

Consumers pay for the tax increases.

Taxes are part of the cost of doing business.

A tax increase to a company results in some combination of the following:

Product and service price increases.

Employee and hours cutbacks.

Reduced hiring.”

https://citizenwells.wordpress.com/2012/04/03/obama-lies-on-oil-companies-taxes-profits-and-impact-on-consumers-obama-energy-policy-based-on-chicago-pay-to-play-politics-truth-team-notification/

Obama Democrats destroy Black employment, African American unemployment up 6 percent since Democrats took congress, Over 1 percent in Obama admin, Numbers don’t lie Obama does

Obama Democrats destroy Black employment, African American unemployment up 6 percent since Democrats took congress, Over 1 percent in Obama admin, Numbers don’t lie Obama does

“The United States economy has lost more jobs than it has added since the recovery began over a year ago.”…NY Times Sept. 20, 2010.

“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012

“Numbers don’t lie, Obama does.”…Citizen Wells

Rush Limbaugh had a black caller from Georgia today. The caller voiced his frustration with blacks supporting Obama and the Democrat Party even though unemployment has gotten worse under their regimes. He made the example of blacks leaving unemployment lines to vote for Obama and then returning to the unemployment line.

Here are the numbers from the US Labor Dept.

In January of 2007 when the Democrats took control of both houses of Congress the unemployment rate for blacks was 7.9 percent.

In January of 2009 when Obama took control of the White House the unemployment rate for blacks was 12.7 percent.

In January of 2013 the unemployment rate for blacks was 13.8 percent.

That is a 6 percent increase since the Democrats took control of Congress and over 1 percent increase since Obama took control of the White House.

http://www.bls.gov/webapps/legacy/cpsatab2.htm

From Citizen Wells  July 21, 2012.

“Citizen Wells: I smell a rat. A NC Democrat Convention rat.

Also significant from the report are the following unemployment increases from April to June 2012.

Blacks: From 13.0 to 14.4 percent.

Asians: From 5.2 to 6.3 percent.

Hispanics: From 10.3 to 11.0 percent.”

https://citizenwells.wordpress.com/2012/07/21/july-21-2012-obama-economy-and-jobs-bleak-27-states-recorded-unemployment-rate-increases-black-unemployment-up-1-4-percent-in-2-months-nc-rate-suspect/

From Citizen Wells October 21, 2012.

“California has the third highest unemployment rate in the country at 10.2 percent. CA has been getting a lot of press recently for suspicious reporting the prior week that skewed the US Labor Dept. unemployment claims report. What you are probably not getting from the media is the fact that since February 2012, the labor force participation rate has dropped more than the unemployment rate.”

“The following data is taken from the California Labor Market Review for September 2012.

There is more than suspect reporting in initial unemployment claims from CA. On Page 7 we find the changes in unemployment rate and labor force participation rate from February to September 2012 under seasonally adjusted.
February 2012.

Unemployment rate 10.9 %    LF Participation rate 63.3 %.

September 2012.

Unemployment rate 10.2 %    LF Participation rate 62.4 %.

The Labor Force Participation Rate dropped more than the unemployment rate. 

So the following claim:

“The California unemployment rate was 10.2 percent in September, down 0.4
percentage point from August.”

is very misleading.

The following facts are also interesting.
“By race and ethnicity, the September 2012 unemployment rate for blacks was 18.1 percent, Hispanics 13.2 percent, and whites 10.5 percent.””

https://citizenwells.wordpress.com/2012/10/21/california-data-skewed-labor-dept-unemployment-claims-report-ca-data-reveals-real-unemployment-rate-labor-force-participation-rate-62-4-dropped-more-than-unemployment-rate-since-feb-2012/

Unemployment impact on American households, February 7, 2013, NY Times reports Rutgers study, Nearly a quarter layed off, Recession all consuming, Real unemployment rate

Unemployment impact on American households, February 7, 2013, NY Times reports Rutgers study, Nearly a quarter layed off, Recession all consuming, Real unemployment rate

“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012

“The United States economy has lost more jobs than it has added since the recovery began over a year ago.”…NY Times Sept. 20, 2010.

“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.”…George Orwell, “1984″

The following is a decent article from the NY Times except for the fact that it fails to accurately reflect the real unemployment rate. That is, the large number of people who have dropped out of the workforce, i.e., the large drop in the Labor Force Participation Rate.

Where I come from, if you are going to report the truth about unemployment and the impact on American households, you do not omit that important fact.

From the NY Times February 7, 2013.

“Profound Weight of Layoffs Is Seen in Work Trends Survey”
“Layoffs have touched nearly every American household in some fashion over the last few years, according to new survey data to be released Thursday by the John J. Heldrich Center for Workforce Development at Rutgers University.

While about 8 percent of Americans are unemployed, nearly a quarter of Americans say they were laid off at some point during the recession or afterward, according to the survey. More broadly, nearly eight in 10 say they know someone in their circle of family and friends who has lost a job.

“This to me is why the recession was so all-consuming and is likely to influence the American psyche,” said Cliff Zukin, a public policy and political science professor at Rutgers and co-author of the report. “Almost everyone, four out of five, were directly or one step removed from unemployment and all that goes with it financially, socially, psychologically.”

The survey presented a bleak view of the economic future.

A majority of Americans say they think it will be at least six years before the economy is made whole again, if ever. Three in 10 said the economy would never fully recover from the Great Recession.

“Despite significant improvements in the nation’s labor market, American workers’ concerns about unemployment, the job market, job security and the future of the economy have not changed much since we conducted a similar survey in August 2010,” the report said.

Just a third of Americans surveyed in this poll, conducted from Jan. 9-16, said they thought the economy would be better next year, the same share that said so two years earlier.

Of those laid off in recent years, nearly a quarter said they still had not found a job. Re-employment rates for older workers have been particularly bad, with nearly two-thirds of unemployed people 55 and older saying they actively sought a job for more than a year before finding one or had still not found work.”

Rutgers University study.

Click to access Work_Trends_February_2013.pdf

Here are a few examples of what could have been added to the report:

“The unemployment rate fell by .2 percent only because the labor force participation rate dropped .2 percent to record lows.”

https://citizenwells.wordpress.com/2012/09/07/labor-force-participation-rate-drops-to-record-low-unemployment-still-over-8-percent-2-percent-drop-in-labor-force-lowers-unemployment-rate-white-house-brags/

“Here is the acid test, the bottom line on Obama and the Democrats impact on jobs.

When the Democrats took control of congress in January 2007, the unemployment rate was 4.6 percent.

When Obama  took control of the White House in January 2009, the unemployment rate was 7.8 percent.

The stated current unemployment rate is 8.3 percent.

That is job creation???

http://data.bls.gov/timeseries/LNS14000000

And that is not all.

The Labor Force Participation Rate has dropped. If that rate had not dropped, the unemployment rate would have been significantly higher.

When the Democrats took control of congress in January 2007, the Labor Force Participation Rate 66.4 percent.

When Obama took control of the White House in January 2009, the Labor Force Participation Rate was 65.7 percent.

The Labor Force Participation Rate currently is 63.7 percent.”

https://citizenwells.wordpress.com/2012/08/05/obama-job-facts-august-5-2012-obama-lies-about-jobs-created-fewer-jobs-since-obama-and-democrats-took-control-higher-unemployment-lower-labor-force-participation/