Category Archives: Economy

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

Posted on October 21, 2012 | 11 comments

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

“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 Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. His heart sank as he thought of the enormous power arrayed against him, the ease with which any Party intellectual would overthrow him in debate, the subtle arguments which he would not be able to understand, much less answer. And yet he was in the right! They were wrong and he was right. The obvious, the silly, and the true had got to be defended. Truisms are true, hold on to that! The solid world exists, its laws do not change. Stones are hard, water is wet, objects unsupported fall towards the earth’s centre. With the feeling that he was speaking to O’Brien, and also that he was setting forth an important axiom, he wrote:

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

“And you shall know the truth, and the truth shall set you free.”…Jesus, John 8:32

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.

First the reporting controversy.

From the Daily Pen October 19, 2012.

“Based on the increase of the denominator in the ratio, the analysts focused on California as the possible state which they believed had been left out because California has the largest population and largest labor force in the U.S. which, if omitted, would indeed cause about a 0.5% fluctuation based on previous report numbers.
In reaction to accusations of impropriety, the California Employment Development Department strongly denied that it had failed to properly document the data.
“Reports that California failed to fully report data to the U.S. Department of Labor, as required, are incorrect and irresponsible,” California Employment Development Department director Pam Harris said in a statement last week.
“The California Employment Development Department, which administers the Unemployment Insurance (UI) program in the state, has reported all UI claims data and submitted the data on time.”
However, it now appears the analysts were right.  Early Thursday, the federal government finally revealed that California was indeed the state that had, in fact, underreported jobless claims, as suspected by many, after the weekly Labor Department job report, skewing the national jobless claims results. This week’s updated jobs report corrected the error and showed unemployment claims spiking back up by 46,000.
The intentional omission of California’s data promoted an artificially favorable economic report for the Obama administration because the inclusion of California’s unemployed would have cause the jobless rate to increase by 0.02%, not decrease by 0.48% to 7.8%.
Regardless, the pro-Obama, biased media spread the “good news” quickly, with outlets like CNN and Bloomberg declaring, “Jobless claims fall to four-year low.”
Within hours, the Bureau of Labor Statistics and Labor Department analysts announced that one major state had failed to fully document jobless claims. They declined to name the state.
Now, it has been learned that Marty Morgenstern, the secretary of the California municipal agency that under-reported unemployment claims, contributed to President Barack Obama’s 2008 presidential election campaign.
According to campaign disclosure records, Morgenstern donated $4,600 — the maximum amount allowed by law — to the 2008 Obama campaign, beginning with a $1,000 contribution to Obama for America in February 2008. Morgenstern followed up that donation with a $1,300 contribution in June, and then a $2,300 payout in early September.
Democratic Gov. Jerry Brown appointed Morgenstern to lead the California Labor & Workforce Development Agency in 2011. The state agency oversees the Employment Development Department.
California recent in-state report claims its unemployment rate has dropped from 10.6% to 10.2%.
Analysts are rightly skeptical of the report. “

http://thedailypen.blogspot.com/2012/10/hawaii-health-department-not-only.html

From the Wall Street Journal October 18, 2012.

“So this week’s initial jobless claims spiked back up, jumping 46,000 to 388,000, a stark reversal from last week’s report and a number that suggests the economy still just flat-out isn’t generating enough jobs.
But more importantly, well, yes, we’re going back to Cali.
When last week’s numbers came out much lower than expected, the explanation from the Labor Dept. was that one large state didn’t report all the quarterly data on time. In the midst of a contentious election season, the issue sparked a minor firestorm and people jumped in trying to figure which state was responsible.
More than one said it was California. California, in no uncertain terms, said it wasn’t them. The Labor Dept. said, last week, that this week’s figures would make it clear which state was responsible. Guess which state the numbers point to.
As Sarah Portlock explained:
There were nearly 5,000 fewer layoffs in the service and retail industries in California for the week ended Oct. 6, according to the Labor Department report.
The Labor Department sets seasonal factors well in advance based on historical trends but that can skew numbers when state-level reporting doesn’t match those established patterns.
“These types of things happen several times a year,” a Labor Department official said Thursday. “It tends to be temporary.”
California maintain today that it did indeed report all data to the Labor Dept. on time, and that the seasonal adjustment was the cause of the skew. The Labor Dept. is saying that last week’s skew was due to a lower-than-expected number of claims from California. It’s possible that this all becomes nothing more than a lot of hair-splitting, elevated to a degree that it wouldn’t be if it weren’t election season, and if that September jobs report hadn’t stirred the wrath of Jack Welch.
The problem with seasonal adjustment is that it aims to correct data that move around in regular patterns. In this case, there’s usually a jump in claims in the first week of the quarter, so the adjustment takes away a bunch of claims. To keep the data smooth, those claims are added earlier in the prior quarter instead. Last week when some of the claims that would usually be filed in the first week of the month didn’t come in, the seasonals still kicked in and made it look like a big drop. The extra claims came in this week instead when the adjustment wasn’t expecting them. That made this week’s claims number look higher.
California’s numbers last week, late or not, skewed the seasonally adjusted data. The skew is gone this week. Bang. Go smell the flowers and forget all this whole imbroglio.
The season factors this month seem to be wreaking more havoc than usual,  so if you want a bottom line to all this nuttiness, look at the four-week moving average of claims. That rose to 365,500, from 354,750. Or you could just look at the unadjusted data, and rid yourself of all the seasonal adjustments that are causing all this agita. Unadjusted, initial claims were up 29,000 to 359,000.
The real bottom line is the U.S. economy isn’t generating enough jobs to get it back on a self-sustaining footing, which means the feds and the Fed are going to remain under pressure to pick up the slack.”
Politicians and the media lie, numbers don’t.
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.”

“By duration, the largest group of unemployed persons was those who had been unemployed 52 weeks or more (691,000 persons or 35.0 percent of all unemployed). The next largest group was those who had been unemployed 5 to 14 weeks (418,000 persons or 21.2 percent of all unemployed)”

“Persons not in the labor force increased by 45,000 (0.4 percent) in September to 10,745,000. Over the past year, the number of persons not in the labor force increased by 295,000 (2.8 percent).”

http://www.calmis.ca.gov/file/lfmonth/calmr.pdf

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Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Election 2012, Employment, Government, Jobs, Labor Department, Lies, media, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Presidential candidate, The Case Against Barack Obama, Unemployment, US economy, Washington DC, white house

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NC unemployment rate 9.6 percent, October 19, 2012, 4.5 percent when Bush took office, 4.7 percent when Democrats took both houses in January 2007

Posted on October 19, 2012 | 61 comments

NC unemployment rate 9.6 percent, October 19, 2012, 4.5 percent when Bush took office, 4.7 percent when Democrats took both houses in January 2007

“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 weak job growth recorded during 2011 did little to replace the jobs lost earlier in the business cycle. Since the onset of the “Great Recession,” North Carolina has lost, on net, 295,300 positions, or 7.1 percent of its payroll employment base.”

“Absent significant changes in economic conditions and public policies, weak job growth, high levels of joblessness, and pervasive economic hardships appear to be in store for North Carolina, with 2012 apt to mark the fifth consecutive year of negative or minimal job growth.”…South by North Strategies, LTD February 10, 2012

“People leaving the labor force were a big reason that North Carolina’s unemployment rate dropped to 9.4 percent in April, a month when only 1,400 more people got jobs.”…WRAL May 18, 2012

The NC Department of Commerce announced the unemployment rate for September. 9.6 percent. To put this in perspective it was  4.5 percent when Bush took office in January 2001 and 4.7 percent when the Democrats took control of both houses of congress in January 2007.

In my humble opinion, the report leaves much to be desired and appears to be attempting to put a positive spin on the numbers. Here are a couple of statements that I found interesting.

“Among the major industries in North Carolina, Government had the largest over-the-month increase in employment at 30,600 (4.6%), followed by Education & Health Services (2,700; 0.5%), Professional & Business Services (2,300; 0.4%), Construction (1,700; 1.0%), and Manufacturing (200; <0.1%).”

“The Goods Producing sector decreased by 4,500 (0.7%) jobs over the year. Construction declined by 6,700 (3.7%), followed by Mining & Logging (200; 3.5%), while Manufacturing grew by 2,400 (0.5%).”

http://www.ncesc1.com/pmi/rates/PressReleases/State/NR_Sept_2012_StRate_M1.pdf

From Citizen Wells September 29, 2012.

“Despite the lies from politicians like Barack Obama who blamed George Bush for all of his ills, numbers do not lie.

When George Bush became president in January 2001, the unemployment rate in NC was 4.5 percent.

When the Democrats took control of both houses of congress in January 2007, the unemployment rate in NC was 4.7 percent.

When Obama took control of the White House in January 2009, the unemployment rate in NC was 9.0 percent. In November 2008 it was 7.8 percent.

Before the Republicans took control of the House of Representatives in January 2011, the unemployment rate hit a high of 11.4 percent in NC.

The stated unemployment rate is currently 9.7 percent in NC.

The National Labor Force Participation Rate is 63.5 percent, a record low.

The North Carolina Labor Force Participation Rate is 62.0 percent.

More on the jobs situation in NC from Citizen Wells February 14, 2012.”

https://citizenwells.wordpress.com/2012/09/29/nc-unemployment-rates-under-george-bush-democrat-congress-and-barack-obama-4-5-percent-when-bush-took-office-4-7-percent-when-democrats-took-both-houses/

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Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Election 2012, Employment, Government, Jobs, Lies, NC, NC voters, News, North Carolina, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Presidential candidate, The Case Against Barack Obama, Unemployment, Washington DC, white house

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Obama fact checked in print in NC, October 18, 2012, Rhino Times, John Hammer prints truth about Obama, Economy Obamacare Libya attack debate, Obama lies

Posted on October 18, 2012 | 35 comments

Obama fact checked in print in NC, October 18, 2012, Rhino Times, John Hammer prints truth about Obama, Economy Obamacare Libya attack debate, Obama lies

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

“We tried our plan—and it worked. That’s the difference. That’s the choice in this election. That’s why I’m running for a second term.”…Barack Obama

“The function of the press is very high. It is almost Holy.
It ought to serve as a forum for the people, through which
the people may know freely what is going on. To misstate or
suppress the news is a breach of trust.”
…. Louis D. Brandeis

From John Hammer of the Rhino Times, in Greensboro, NC October 18, 2012.

“Another debate and another pounding of the economic policies of President Barack Hussein Obama by Republican challenger Mitt Romney.

Obama has a difficult task running for reelection with the economy in its current shape. Romney is relentless in pointing out that the economy grew slower this year than last year and grew slower last year than the year before, and that 23 million Americans are unemployed. When Romney says the real unemployment rate is 10.7 percent Obama doesn’t argue. When Romney says that Obama has piled up budget deficits of over $1 trillion year after year, Obama doesn’t argue.

Obama does say that his policies are going to work, but it’s hard to sell the idea that policies that haven’t worked for four years are suddenly going to start working in the fifth year or maybe the sixth year or the seventh year.

Romney talks a lot about Obamacare, but Obama doesn’t. He talks about bringing health care to every American, but he doesn’t dwell on Obamacare because polls show that most Americans are against it. It’s his signature piece but he has all but given up selling it to the American people.

When it comes to the contraception aspect of Obamacare, Obama is extremely misleading. Nobody is talking about not providing contraception services. The question is, who pays. According to Obamacare it has to be a free service. Why? Why is that free? Most medical care is not free even if you have insurance. What’s more, Obamacare will force the Catholic Church and other religious organizations to provide abortion services that they believe are morally wrong.

If Obamacare is not changed by the courts or by Congress, it is likely that Catholic hospitals, clinics, social service providers, universities, schools and other outreach programs will close. Perhaps Obama has been listening to his Catholic Vice President Joe Biden and not the Catholic bishops. But he might want to pay attention because if Catholic hospitals close in the major cities, there is going to be a health care disaster, and the Catholic bishops have made it abundantly clear that they are going to have no part in providing abortions.

Biden was entirely wrong in his answer about the situation with Obamacare and the Catholic Church, but then Biden has been told by at least one bishop that he is not a Catholic in good standing and should not participate in the sacraments.

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There are only two possibilities I can think of when it comes to the response by President Obama to the planned and well-executed terrorist attack on the American compound in Benghazi, Libya.

One is that when an American ambassador was killed in the line of duty for the first time since 1979, during the Carter administration, President Obama decided that in the midst of a presidential election he could not afford to admit that he had refused to give an American ambassador in one of the most dangerous places on earth adequate protection. So he lied to the American people about what happened and hoped that the truth wouldn’t come out until after Nov. 6.

The other is that the Obama administration is so incompetent that it borders on criminal. For two weeks the Obama administration – through its press secretary, Jay Carney, and the US Ambassador to the United Nations Susan Rice – claimed that the attack was the result of a spontaneous demonstration over a video some nutcase in California made.

But the night of Sept. 11, when the attack was underway, Obama should have immediately known that an American embassy compound where the American ambassador was in residence was under attack by well-organized and well-armed terrorists. We have one of the most sophisticated communications systems in the world. If the president isn’t informed about a terrorist attack on a US embassy compound immediately, then what is the system used for? To make sure Obama doesn’t miss any basketball scores? When high-level State Department officials are being killed that is an emergency.

The State Department knew. The intelligence community knew. Obama made a big deal about watching the attack on Osama bin Laden’s compound in Pakistan live in the White House. It wasn’t exactly true that they were watching it live, but they were watching the video the night that it happened.

The American embassy compound in Benghazi had surveillance cameras. The Rhino Times office also has surveillance cameras. You can watch The Rhino Times surveillance cameras real time from a computer, tablet or smart phone anywhere you can hook up to the internet. I cannot believe that the surveillance cameras at the American compound in Benghazi were not hooked up to some communication device so that they could be watched by people in the State Department and intelligence community.

Even without the surveillance cameras, the US had competent people on the ground who, once they got away from immediate danger, reported to their superiors. In fact, according to the State Department timeline, a call about the attack went out immediately with frequent updates. The State Department knew as soon as the men in the compound knew that they were under attack by an organized force.

Vice President Biden says that he didn’t know, and that is entirely possible. Why would anyone bother to tell the vice president, even if he were a competent, honest, intelligent human being? The vice president isn’t going to be making any decisions. He is completely out of the loop as long as the president is alive. Biden may still believe that the attack was the result of a spontaneous demonstration or he may believe that it took place in the last century where he evidently spends a lot of his time.

But President Obama knew or should have known within minutes exactly what was happening in Benghazi. He should have received the reports from those on the ground and he should have been watching the action on the surveillance cameras. But the reports from those in the compound who escaped only to be attacked at the so-called safe house about a mile away should have been more than enough proof that this was a highly organized, well-planned attack.

So in this next debate Obama needs to explain to the American people what happened. Was there such a tremendous communications breakdown that he didn’t get word from Libya about what happened for two weeks? Did the State Department put the Benghazi terrorist attack report on a sailing ship to send it to the White House? How on earth could a report and surveillance video take two weeks to get to the White House?

Obama needs to explain. If the first day the White House had gotten the story wrong that could be attributed to an honest mistake, but in today’s world to claim that the White House didn’t get information from its embassy for two weeks is simply a lie or evidence of overwhelming incompetence.

, , ,

Liberals love this, and the moderator for the presidential debate, Candy Crawley, is certainly a card-carrying liberal, which is why she re-asked the incredibly stupid question about making AK-47s illegal in the United States. Romney answered the question correctly by saying that fully automatic weapons are already illegal in the US. They have been since 1934. It is possible to get a license to have one, but it is not easy or cheap.

One of the so-called fact checkers said Romney was wrong when he said that fully automatic weapons were illegal. Technically Romney was wrong. Most people would tell you that it is illegal to carry a concealed weapon without the proper permit, but the fact checkers evidently would tell you that is wrong because you can carry a concealed weapon on your own property without a permit. Technically there was no Vietnam War, but that is simply not how we speak. Technically only a couple of hundred people get to vote for president, but candidates and pundits talk about voters in the presidential race all the time. Nobody says “people who vote for electors committed to one candidate,” we call them voters.

However, what the question was about were “assault weapons,” which is a term invented during the Clinton administration. The AK-47 is not an assault weapon; it is an assault rifle because it is fully automatic and for all practical purposes illegal. The assault weapons ban was not about banning a particular kind of rifle but banning rifles because of the way they looked. Rifles that operate identically could be legal or illegal based on how they looked. One that looked like a hunting rifle would be legal and one that looked like an assault rifle would be illegal.

It was a law that simply made people who want all guns to be illegal happy, but didn’t really do anything. Now many hunters are using what are technically assault weapons for hunting. They are lightweight, accurate and make good hunting rifles. And it is true that they are used to kill people. But knives are also frequently used to kill people and there was no question for the candidates about making knives illegal.

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President Harry S. Truman, a Democrat who won the respect of both parties and whom history has smiled upon, had a plaque on his desk that read, “The Buck Stops here!”

President Obama, a Democrat who has not won the respect of Republicans and is losing the respect of many Democrats and whose place in history is unknown, has no such plaque, and up until Tuesday night did not follow the philosophy expressed on the plaque.

We know this because Secretary of State Hillary Clinton was sent out to take the fall for Benghazi. The buck stopped with the secretary of state, not the president. You have to wonder what Truman would say about such cowardice by an American president.

Obama takes full credit for the killing of Osama bin Laden although he was over 7,000 miles away. That was Obama who took Bin Laden out, not the Navy Seals who were onsite risking their lives and doing the shooting. But when an American ambassador gets killed in the line of duty for the first time since 1979, it was not Obama’s fault, but the fault of the secretary of state.

During the second presidential debate on Tuesday night, the story changed again. Evidently having Hillary Rodham Clinton take the fall for the terrorist attack in Benghazi was not working with the American people. So during the Tuesday night debate Wendy Crawley threw Obama a softball so he could take full responsibility for the failure.

The attack was on Sept. 11, and on Oct. 16 the president finally takes full responsibility. It does make you wonder how many months it would have taken for Obama to take full responsibility if it wasn’t an election year.

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The more we learn about Obama the more questions arise. According to his own personal history Barry Obama quit being Barry and became Barack when he was at Occidental College in Los Angeles. By the time he went to Columbia University he was going by Barack exclusively, even to the point, according to his sister, of trying to get his family to call him Barack. But Martha Raddatz reportedly invited Barry Obama to her wedding. So if everyone called him Barack and had no reason to even know that he was called Barry as a kid, why was Barry invited to the wedding.

Or did really close friends at Harvard call him Barry? We’ll never know.

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They call it the Stupid Party for a reason, and unfortunately the reason hasn’t gone away. Four years ago the moderator of the vice presidential debate, Gwen Ifill, had written a book about Obama. If he were elected her book would make money, if he lost then the book would go in the remainder bin. She had a lot of money riding on the outcome of the debate and the election.

But then the Republicans allow that snafu to be topped. Barry Obama went to Martha Raddatz’s wedding and she was invited to the Obamas’ wedding but didn’t attend. However, her husband (now her ex) did. Do the Republicans vet these people at all? Do they have a list of Obama’s immediate family and if the person is not on that list, not named George Obama for instance, then they are eligible?

Then when you think it can’t get any worse they come up with this woman for the second town hall meeting, Candy Crawley, who gave Obama 9 percent more time than Romney and was much harder on Romney than on Obama. She also selected the questions, which were Obama-friendly, and asked her own follow-up questions, which she was not supposed to do according to the agreement signed by both campaigns.

This just in for the next and final debate, Obama’s campaign Communications Director David Axelrod is unexpectedly unavailable to moderate the debate so the Commission on Presidential Debates has asked Michelle Obama if she will step in. The Commission on Presidential Debates has noted that Mrs. Obama is a Harvard Law graduate like president Obama but did not attend Harvard Law School at the same time as President Obama, so they do not think she will have a conflict of interest based on their law school years.

The Republican Party has reportedly agreed to accept Michelle Obama as a fair and impartial moderator but has insisted that her daughters not be allowed to sit with her while she moderates the debate.

Who are these people on the Commission on Presidential Debates? Do they pick moderators from a list submitted by the Obama campaign? It’s like having the Ram’s Club pick the referees for the Duke-Carolina game. The Republicans have four years to get their act together but they had better get some conservative Republicans appointed to the Commission on Presidential Debates.”

http://greensboro.rhinotimes.com/Articles-Columns-c-2012-10-18-213522.112113-Under-The-Hammer.html

 

35 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Election 2012, Employment, Health Insurance, Healthcare bill, Jobs, Lies, media, NC, News, North Carolina, Obama, Obama administration, Obama lies, Obama Nation, Obama records, ObamaCare, Occidental College, Presidential candidate, Presidential debate, Terrorist Attacks, The Case Against Barack Obama, Washington DC, white house

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Obama deficit lies, Obama blames Bush tax cuts, AP repeats Obama lie, Washington Post reveals Obama lie, 4th Straight $1 Trillion Plus deficit spending

Posted on October 14, 2012 | 28 comments

Obama deficit lies, Obama blames Bush tax cuts, AP repeats Obama lie, Washington Post reveals Obama lie, 4th Straight $1 Trillion Plus deficit spending

“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

“Since the Democrats took control of both houses of congress in January 2007, the number of people who could only find part time work has gone up 215 percent”…Citizen Wells

“Student health care costs have doubled, tripled and in some cases increased over 1000% in 2012. Premiums for employer provided family coverage rose $2,370 since 2009, Obamacare penalties to hospitals will average $125,000 per facility in 2013 and gasoline has risen over $2 per gallon since Obama took office.”…Citizen Wells

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

Obama has been blaming Bush for the deficit and bad economy since he began running for the presidency. He continues to blame the Bush Tax cuts for the deficit even though it is a lie. The Washington Post recently exposed this lie.

From Citizen Wells October 8, 2012.

“From the Washington Post October 1, 2012.

“Obama’s claim that the Bush tax cuts led to the economic crisis”

“Now Governor Romney believes that with even bigger tax cuts for the wealthy, and fewer regulations on Wall Street, all of us will prosper. In other words, he’d double down on the same trickle-down policies that led to the crisis in the first place.”

— President Obama, in a new two-minute television ad released Sept. 27, 2012

“This election to me is about which candidate is more likely to return us to full employment. This is a clear choice. The Republican plan is to cut more taxes on upper income people and go back to deregulation. That is what got us into trouble in the first place.”

— Former president Bill Clinton, in an Obama campaign ad running since August

When two different people give virtually the same message in two different ads, it’s a good bet that the language has been carefully poll-tested. Both President Obama and former president Bill Clinton assert that Mitt Romney wants to cut taxes for the wealthy and cut financial regulations — which they suggest is a recipe for another economic crisis.

The name “George W. Bush” is never mentioned but is certainly implied. This leads to the question: Did the Bush tax cuts cause the economic crisis?

We’ve been interested in the Clinton comments for some time and never quite got a satisfactory response from the Obama campaign. But Clinton used the vague word “trouble,” which could be broadly defined as also meaning higher deficits. (Clinton’s staff did not respond to queries about what he meant.) Certainly the Bush tax cuts did play some role in higher deficits, though, as we have noted, increased spending played a bigger role.

But Obama is not vague at all. He highlights the tax cuts and then says the “same trickle-down policies” — Democratic code for tax cuts for the wealthy — led to the “crisis.” The campaign’s back-up material labels that as “economic crisis,” thus leaving no ambiguity about his reference.”

“The Pinocchio Test

It is time for the Obama campaign to retire this talking point, no matter how much it seems to resonate with voters. The financial crisis of 2008 stemmed from a variety of complex factors, in particular the bubble in housing prices and the rise of exotic financial instruments. Deregulation was certainly an important factor, but as the government commission concluded, the blame for that lies across administrations, not just in the last Republican one.

In any case, the Bush tax cuts belong at the bottom of the list — if at all. Moreover, it is rather strange for the campaign to cite as its source an article that, according to the author, does not support this assertion.”

https://citizenwells.wordpress.com/2012/10/08/washington-post-and-labor-dept-facts-expose-obama-lies-bush-tax-cuts-employment-data-democrats-controlled-both-houses-of-congress-playbook-of-goebbels-orwell/

Despite the fact that Obama knew it was a lie, Obama continued to blame the Bush Tax cuts in his debate with Mitt Romney.

“When I walked into the Oval Office, I had more than a trillion-dollar deficit greeting me. And we know where it came from: two wars that were paid for on a credit card; two tax cuts that were not paid for”

From NPR and the AP October 12, 2012.

“US Runs A 4th Straight $1 Trillion-Plus Budget Gap”

“The United States has now spent $1 trillion more
than it’s taken in for four straight years.

The Treasury Department confirmed Friday what was widely expected: The
deficit for the just-ended 2012 budget year — the gap between the
government’s tax revenue and its spending — totaled $1.1 trillion. Put
simply, that’s how much the government had to borrow.

It wasn’t quite as ugly as last year.

Tax revenue rose 6.4 percent from 2011 to $2.45 trillion. And spending
fell 1.7 percent to $3.5 trillion. As a result, the deficit shrank 16
percent, or $207 billion.

A stronger economy meant more people had jobs and income that
generated tax revenue. Corporations also contributed more to federal
revenue than in 2011.

The government spent less on Medicaid and on defense as U.S. military
involvement in Iraq was winding down.

Barack Obama’s presidency has coincided with four straight $1
trillion-plus annual budget deficits — the first in history and an
issue in an election campaign that ends in 3½ weeks.

When Obama took office in January 2009, the Congressional Budget
Office forecast that the deficit that year would total $1.2 trillion.
It ended up at a record $1.41 trillion.

The increase was due in large part to the worst recession since the
Great Depression. Tax revenue plummeted, and the government spent more
on stimulus programs.

Tax cuts enacted under President George W. Bush and military spending
in Iraq and Afghanistan contributed to the deficits.”

Read more:

http://www.npr.org/templates/story/story.php?storyId=162821416

The AP, Associated Press, repeats the Obama lie about Bush Tax Cuts contributing to the deficits.

“Tax cuts enacted under President George W. Bush and…contributed to the deficits.”

For their continued efforts to help Obama the AP receives 4 Orwells.

28 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Deficit, Economy, Employment, Government, Jobs, Lies, News, NPR, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, Orwell, The Case Against Barack Obama, US economy, Washington DC, white house

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Biden Ryan debate response, October 12, 2012, Citizen Wells commenters nail it, Joe Biden and Obama have no record to run on, Chicago style politics

Posted on October 12, 2012 | 23 comments

Biden Ryan debate response, October 12, 2012, Citizen Wells commenters nail it, Joe Biden and Obama have no record to run on, Chicago style politics

“Vice-presidential candidate Sen. Joseph Biden, D-Del. (left), has been advised since 1984 by Joseph Cari (right), the Chicago lawyer and onetime mega-fundraiser who has been tied to the Antoin “Tony” Rezko patronage scandal.”…ABC News August 25, 2008

“Why did Joe Biden’s son have Larry Sinclair arrested at the end of Sinclair’s National Press Club presentation?”…Citizen Wells

“Fathom the hypocrisy of a government that requires every citizen to prove
they are insured… but not everyone must prove they are a citizen.”

“Many of those who refuse, or are unable, to prove they are
citizens will receive free insurance, paid for by those who are forced to
buy insurance because they are citizens.”…Ben Stein

I watched as much of the debate as I could stomach last night. Joe Biden and his running mate Obama have no record to run on and continue to resort to Chicago style and Alinsky politics. Biden, with his constant interruptions and undignified responses, revealed his lack of respect for the office and the American public.

The good commenters of Citizen Wells nailed it.

SueK:

“Joe ‘Plugs’ Biden is an idiot. Paul Ryan was dignified and stated his case perfectly, even though he was nervous. If Plugs and that ever-present (fake) smirk kept interrupting me, I would’ve embarrassed him on the national stage and told him he was rude and condescending. Either that, or I would’ve crawled across the table and smacked him”

Philo-Publius:

“Moderator bias was on full display and she neglected to mentioned O and her hubby were Harvard buds and invited him to their wedding.”

observer:

“All the dufus public who could only say Biden was “passionate” apparently could not tell that he was using his display as a cover for his ignorance. Within his “passion” he was lying and demagoguing. This moderator is still definitely biased towards her specially invited marriage guest. She willingly lost control of Biden’s blatant interruptions when the program was to have 2 min. each. I’d prefer a VP who has control of himself. Also apparently Biden doesn’t know that that “death panel” is already in action with the new penalties against hospitals who receive back Medicare patients before a now ordered time limit.”

SueK:

“Raddatz is the former Martha Bradley and started out on Boston TV years ago; I didn’t like her then, and I don’t like her now. It was obvious who she was for, and against.

Wouldn’t it be nice to have either Beck, Hannity, Rush, Jeff Kuhner, or Savage (da bomb!) moderate one of these debates but apparently, Conservatives need not apply…the moderator’s job is restricted to moonbats, and moonbats only. I’m surprised Schmepaloupolous hasn’t been up there yet….”

observer:

“CNN Poll on debate winner: Ryan 48%, Biden 44%

I think Sharyl Attkisson, CBS, would have been a more intelligent and neutral moderator who would have the facts to challenge the Biden BS.”

“WOW! Read some of the comments about Biden here….even from the marxstream media:”

http://www.politico.com/news/stories/1012/82313.html

“CNBC Poll: Paul Ryan Smokes Biden At Debate, 56% – 36%…”

“Number Of Times Biden Interrupted Ryan During 90-Minute Debate: 82”

oldsailor80:
“I still cannot understand why every person in the audience of the debate was NOT GIVEN a SCOOP SHOVEL as they entered the debate chambers. At least the spectators would have had something to dig their way out of the flood tide of BULLFECES pouring out of Bidens errant mouth. Wouldn’t it have been a more meaningful debate if all of the audience would have held up their scoop shovel everytime Biden said something. But would Biden have been intelligent enough to get the message?”

Biden and Chicago style politics.

From Citizen Wells August 9, 2011.

“Joseph Cari, 58, is one of the first notable figures to be sentenced of those who took plea deals and testified against the impeached Illinois governor. Blagojevich’s former chiefs of staff John Harris and Alonzo Monk are among those still awaiting sentencing.

Cari, who pleaded guilty to attempted extortion, told Judge Amy St. Eve just before she sentenced him that he took full responsibility for his actions and was sorry.

“I will live with the shame and pain for the rest of my life,” he said.

A former finance chairman of the Democratic National Committee, Cari described to jurors at Blagojevich’s first corruption trial how the then-governor boasted to him in 2003 about how governors could pressure companies desperate for state business for campaign cash.”

“Vice-presidential candidate Sen. Joseph Biden, D-Del. (left), has been advised since 1984 by Joseph Cari (right), the Chicago lawyer and onetime mega-fundraiser who has been tied to the Antoin “Tony” Rezko patronage scandal.”

“Chicago lawyer and onetime mega-fundraiser Joseph Cari has advised Biden and his campaigns on and off since 1984, serving in posts as varied as a Senate adviser on crime to the Midwest Political Director for Biden’s aborted 1987 presidential bid. In 2005 Cari helped arrange private meetings for Biden with potential supporters, as the senator explored another run for the White House. He has also worked to raise money for Biden . “

“Cari admitted that in 2004 he helped a Rezko associate by making calls in what turned out to be a kickback scheme. The deal was an offshoot of a complex corruption scheme wrought by Antoin “Tony” Rezko , whose ties to Obama have vexed the White House hopeful . Cari has maintained he did not know the details of that scheme or any other.”

https://citizenwells.wordpress.com/2011/08/09/joseph-cari-sentenced-blagojevich-rezko-obama-biden-ties-cari-pressured-by-stuart-levine-john-harris-and-alonzo-monk-await-sentencing/

Birds of a feather flock together.

From Citizen Wells May 25, 2012.

From the FEC  May 25, 2012.
“ENFORCEMENT”

“MUR 6524

RESPONDENTS: Biden for President, Inc.; and Melvyn Monzack, in his official capacity as treasurer
COMPLAINANT: FEC-Initiated
SUBJECT: In the normal course of carrying out its supervisory responsibilities, the Commission found that Biden for President, Inc. (the Committee) and Monzack, in his official capacity as treasurer, did not retain adequate records to document the notification of contributors of the Committee’s presumptive redesignation of $1,092,899 in excessive contributions. Biden was a 2008 primary candidate for president.

DISPOSITION: The Commission entered into a conciliation agreement whereby Biden for President, Inc. and Monzack, in his official capacity as treasurer, agreed to pay a civil penalty of $50,000.”

https://citizenwells.wordpress.com/2012/05/25/biden-for-president-fined-50000-by-fec-2008-inadequate-records-over-one-million-dollars-excessive-contributions-melvyn-monzack-treasurer-breaking-news/

Biden and Obama have some of the same Chicago corruption connections.

Biden and Obama campaigns both violated FEC contribution rules.

Biden and Obama have both tried to silence Larry Sinclair.

23 Comments

Posted in Barack Obama, Chicago, Citizen News, Citizens for the truth about Obama, CitizenWells, Congress, corruption, Debate, Democrats, Economy, Election, Election 2012, Election update, Joe Biden, Larry Sinclair, Larry Sinclair book, Mitt Romney, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, ObamaCare, Paul Ryan, Pay to play politics, Politics, republicans, The Case Against Barack Obama, Washington DC, white house

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Small Business hiring plans plunge, September another month of low expectations and pessimism, Rising health care and energy costs, Federal taxes

Posted on October 9, 2012 | 13 comments

Small Business hiring plans plunge, September another month of low expectations and pessimism, Rising health care and energy costs, Federal taxes

“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

“Since the Democrats took control of both houses of congress in January 2007, the number of people who could only find part time work has gone up 215 percent”…Citizen Wells

“Student health care costs have doubled, tripled and in some cases increased over 1000% in 2012. Premiums for employer provided family coverage rose $2,370 since 2009, Obamacare penalties to hospitals will average $125,000 per facility in 2013 and gasoline has risen over $2 per gallon since Obama took office.”…Citizen Wells

From the National Federation of Independent Business October Survey.

“Hiring Plans Plunge: Small Business Optimism Drops 0.1

Expectations for the Future Remain Low

September was another month of low expectations and pessimism for the small-business community, with the NFIB Small Business Optimism Index losing 0.1 points and falling to 92.8. The recession-level reading was pulled down by a deterioration in labor market indicators, with job creation plans plunging 6 points, job openings falling one point and more firms reporting decreases in employment than those reporting increases in employment. Since the commencement of NFIB’s monthly surveys in 1986, the Index has been below 93.0 a total of 56 times; 32 of which have occurred since the recovery began in June 2009.”

DOWNLOAD THE REPORT   READ THE PRESS RELEASE

Small business optimism index

“Highlights

  • Capital Expenditures: Small-business owners are still in “maintenance mode,” with the frequency of reported capital outlays over the past six months falling 4 points to 51 percent. Of those making expenditures, 34 percent reported spending on new equipment (down 7 points from the previous month), 16 percent acquired vehicles (down 5 points), and 14 percent improved or expanded facilities (unchanged). Four (4) percent of owners acquired new buildings or land for expansion (down 2 points) and 12 percent spent money for new fixtures and furniture (unchanged). Overall, there was a substantial reduction in capital spending activity. The percent of owners planning capital outlays in the next three to six months fell 3 points to 21 percent. While the number of owners who characterized the current period as a good time to expand facilities went up 3 points (seasonally adjusted) to seven percent, this is only half of the 14 percent of owners who said the same in September 2007. The net percent of owners expecting better business conditions in six months rose 4 points to two percent after posting a 6 point improvement last month, albeit still registering a pessimistic collective view. Not seasonally adjusted, 15 percent expect an improvement in business conditions (up 1 point), and 20 percent expect deterioration (down 4 points). A net one percent of all owners expect improved real sales volumes.
  • Sales: Weak sales continue to be an albatross for the small-business community. The net percent of all owners (seasonally adjusted) reporting higher nominal sales over the past three months was unchanged at a negative 13 percent, cementing the 17 point decline since April and affirming weak GDP growth for the second quarter. Twenty-one (21) percent still cite weak sales as their top business problem—historically high, but down from the record 34 percent reached in March 2010. Seasonally unadjusted, 23 percent of all owners reported higher sales (last three months compared to prior three months, down 1 point) and 30 percent reported lower sales (up 1 point). Consumer spending remains weak and high energy costs continue to “tax” consumer disposable income. The net percent of owners expecting higher real sales was unchanged at one percent of all owners (seasonally adjusted), down 11 points from the year high of net 12 percent in February. The weak reading is unlikely to trigger orders for new inventory or business expansion. Not seasonally adjusted, 24 percent expect improvement over the next three months (down 4 points) and 31 percent expect declines (up 3 points).
  • Job Creation: Job creation plans showed that small-business owners created fewer jobs in September than in the two previous months. Not seasonally adjusted, 10 percent plan to increase employment at their firm (down 3 points), and 11 percent plan reductions (up 2 points). Seasonally adjusted, the net percent of owners planning to create new jobs fell 6 points to four percent, a historically weak reading, especially in a recovery. Essentially, hiring is keeping up with population growth, but not exceeding it. Seasonally adjusted, 10 percent of the owners reported adding an average of 2.2 workers per firm over the past few months, and 13 percent reduced employment an average of 3 workers. The remaining 77 percent of owners made no net change in employment. Fifty-one (51) percent of the owners hired or tried to hire in the last three months and 41 percent (80 percent of those trying to hire or hiring) reported few or no qualified applicants for open positions. The percent of owners reporting hard to fill job openings fell 1 point to 17 percent of all owners. The only region of the country that saw any positive job growth was the West North Central states, largely because of energy production. “

“Consumer spending has barely advanced this year, and consequently so has job creation. Employment is still 4 million lower than it was in the first quarter of 2008 (first quarter). The population grows about 1% annually. A few more jobs are needed to take care of that, and that seems to be about all we are getting. The percent of owners reporting hard to fill job openings fell 1 point to 17% of all owners, no help for a lower unemployment rate. Seasonally adjusted, the net percent of owners planning to create new jobs fell 6 points to 4%, a historically weak reading, especially in a recovery. Owners remained pessimistic about the future in September and consequently hiring plans remain weak. Reported job creation for the past few months was negative. More workers let go than hired, signaling a weak BLS jobs report for September, around 100,000 new jobs overall.”

“Uncertainty has cast a cloud over the future for small business owners, making it difficult to make commitments to new spending and hiring. In a recently released NFIB Problems and Priorities survey, owners rated the severity of 75 business issues. Uncertainty about the economy ranked second while uncertainty about government policy ranked fourth. For perspective, securing long term funding was 56th and finding qualified workers 32nd. With a 50/50 election, according to the polls, and very different sets of policies that might be put in place, owners are unwilling to put their own capital on the line until the future path of the economy and economic policy becomes clearer.

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”

Read more:

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

 

13 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Election 2012, Employment, Financial crisis, Government, Jobs, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, ObamaCare, Presidential candidate, Taxes, The Case Against Barack Obama, Unemployment, US economy, Washington DC, white house

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Washington Post and Labor Dept. facts expose Obama lies, Bush Tax cuts, Employment data, Democrats controlled both houses of Congress, Playbook of Goebbels Orwell

Posted on October 8, 2012 | 10 comments

Washington Post and Labor Dept. facts expose Obama lies, Bush Tax cuts, Employment data, Democrats controlled both houses of Congress, Playbook of Goebbels Orwell

“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

“Obama energy policy: Pander to the left, lie to the poor and working class and enrich his friends.”…Citizen Wells

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it”…Joseph Goebbels

 
In a recent campaign ad video, Barack Obama makes the usual litany of false claims about the Bush tax cuts, the employment situation that he inherited and what he will do to stimulate the economy.

“When I took office we were losing nearly 800,000 jobs a month and were mired in Iraq. Today I believe that as a nation we are moving forward again. But we have much more to do to get folks back to work and make the middle class secure again.

Now, Governor Romney believes that with that even bigger tax cuts for the wealthy and fewer regulations on Wall Street all of us will prosper. In other words he’d double down on the same trickle down policies that led to the crisis in the first place. So what’s my plan?

First, we create a million new manufacturing jobs and help businesses double their exports. Give tax breaks to companies that invest in America, not that ship jobs overseas.

Second, we cut our oil imports in half and produce more American-made energy, oil, clean-coal, natural gas, and new resources like wind, solar and bio-fuels—all while doubling the fuel efficiencies of cars and trucks.

Third, we insure that we maintain the best workforce in the world by preparing 100,000 additional math and science teachers. Training 2 million Americans with the job skills they need at our community colleges. Cutting the growth of tuition in half and expanding student aid so more Americans can afford it.

Fourth, a balanced plan to reduce our deficit by four trillion dollars over the next decade on top of the trillion in spending we’ve already cut, I’d ask the wealthy to pay a little more. And as we end the war in Afghanistan let’s apply half the savings to pay down our debt and use the rest for some nation building right here at home.”

Obama has consistently blamed George Bush for our economic woes, but the truth is that the Democrats controlled both houses of congress the last 2 years of the Bush Administration and they, combined with Obama, have caused the most harm.

From the Washington Post October 1, 2012.

“Obama’s claim that the Bush tax cuts led to the economic crisis”

“Now Governor Romney believes that with even bigger tax cuts for the wealthy, and fewer regulations on Wall Street, all of us will prosper. In other words, he’d double down on the same trickle-down policies that led to the crisis in the first place.”

— President Obama, in a new two-minute television ad released Sept. 27, 2012

“This election to me is about which candidate is more likely to return us to full employment. This is a clear choice. The Republican plan is to cut more taxes on upper income people and go back to deregulation. That is what got us into trouble in the first place.”

— Former president Bill Clinton, in an Obama campaign ad running since August

When two different people give virtually the same message in two different ads, it’s a good bet that the language has been carefully poll-tested. Both President Obama and former president Bill Clinton assert that Mitt Romney wants to cut taxes for the wealthy and cut financial regulations — which they suggest is a recipe for another economic crisis.

The name “George W. Bush” is never mentioned but is certainly implied. This leads to the question: Did the Bush tax cuts cause the economic crisis?

We’ve been interested in the Clinton comments for some time and never quite got a satisfactory response from the Obama campaign. But Clinton used the vague word “trouble,” which could be broadly defined as also meaning higher deficits. (Clinton’s staff did not respond to queries about what he meant.) Certainly the Bush tax cuts did play some role in higher deficits, though, as we have noted, increased spending played a bigger role.

But Obama is not vague at all. He highlights the tax cuts and then says the “same trickle-down policies” — Democratic code for tax cuts for the wealthy — led to the “crisis.” The campaign’s back-up material labels that as “economic crisis,” thus leaving no ambiguity about his reference.”

“The Pinocchio Test

It is time for the Obama campaign to retire this talking point, no matter how much it seems to resonate with voters. The financial crisis of 2008 stemmed from a variety of complex factors, in particular the bubble in housing prices and the rise of exotic financial instruments. Deregulation was certainly an important factor, but as the government commission concluded, the blame for that lies across administrations, not just in the last Republican one.

In any case, the Bush tax cuts belong at the bottom of the list — if at all. Moreover, it is rather strange for the campaign to cite as its source an article that, according to the author, does not support this assertion.

We nearly made this Four Pinocchios but ultimately decided that citing deregulation in conjunction with tax cuts kept this line out of the “whopper” category. Still, in his effort to portray Romney as an echo of Bush, the president really stretches the limits here.”

http://www.washingtonpost.com/blogs/fact-checker/post/obamas-claim-that-the-bush-tax-cuts-led-to-the-economic-crisis/2012/09/30/06e8f578-0a6e-11e2-afff-d6c7f20a83bf_blog.html

Thanks to the Washington Post for clearing up the big lie.

I will address the rest of the false claims.

Probably the biggest of the many lies that Obama has told about the economy has to do with job creation and what he inherited. Without fail, all of the historical data from the Labor Dept. reveal that the job losses and economic calamity began when the Democrats controlled Congress and in many cases worsened with Obama in office.

Recently I explained how the jobs situation worsened even though the “unemployment rate” dropped. The Labor Dept. counts part time workers the same as full time for employment numbers. In September the number of people who could only get part time employment skyrocketed. So, the unemployment rate dropped but the jobs situation worsened.

https://citizenwells.wordpress.com/2012/10/05/7-8-percent-unemployment-rate-truth-obama-wont-admit-citizen-wells-analysis-of-facts-part-time-workers-counted-as-employed-obama-and-democrats-worsen-job-opportunities/

Obama stated:

“When I took office we were losing nearly 800,000 jobs a month”

The job losses were high and the Democrats controlled both houses. Approximately 4 million fewer people were employed from the time that the Democrats took control of both houses until Obama took office.

The employment population ratio was 63.3 percent in January 2007, 60.6 in January 2009 and 58.7 in September 2012. A significant drop during Obama’s tenure.

The Labor Force Participation Rate was 66.4 percent in January 2007, 65.7 in January 2009 and 63.6 in September 2012. Another significant drop during Obama’s tenure.

Obama stated:

“First, we create a million new manufacturing jobs”

Obviously, Obama’s record on creating jobs as indicated by labor Dept. data dispels that lie. Without Obama in office the statement works.

Obama stated:

“Second, we cut our oil imports in half and produce more American-made energy, oil, clean-coal”

Oh really?

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

And Obama stated:

“Fourth, a balanced plan to reduce our deficit by four trillion dollars over the next decade on top of the trillion in spending we’ve already cut”

Joseph Goebbels would be proud.

10 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Congress, Democrats, Economy, Election 2012, Employment, Government, Jobs, Lies, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, Orwell, Pay to play politics, President Bush, The Case Against Barack Obama, Unemployment, US economy, US House of Representatives, US Senate, Washington DC, white house

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7.8 percent unemployment rate truth Obama won’t admit, Citizen Wells analysis of facts, Part time workers counted as employed, Obama and Democrats worsen job opportunities

Posted on October 5, 2012 | 34 comments

7.8 percent unemployment rate truth Obama won’t admit, Citizen Wells analysis of facts, Part time workers counted as employed, Obama and Democrats worsen job opportunities

“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

“Since the Democrats took control of both houses of congress in January 2007, the number of people who could only find part time work has gone up 215 percent”…Citizen Wells

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

I began life as a math major, spent over 30 years in Information Technology, taught college level Computer Science, was an officer in a company and had my own small consulting company for years. I know numbers and business. I have been watching and reporting on the employment data. Others such as Jack Welch smelled the stench as well.

Earlier today at Citizen Wells you were informed that an increase in part time workers was a big reason for the .3 percent drop in he unemployment rate.

“Total employment rose by 873,000 in September, following 3 months of little
change. The employment-population ratio increased by 0.4 percentage point to
58.7 percent, after edging down in the prior 2 months. The overall trend in
the employment-population ratio for this year has been flat. The civilian labor
force rose by 418,000 to 155.1 million in September, while the labor force
participation rate was little changed at 63.6 percent. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes
referred to as involuntary part-time workers) rose from 8.0 million in August
to 8.6 million in September. These individuals were working part time because
their hours had been cut back or because they were unable to find a full-time
job.”

Part time workers included in employed category.

“Household survey. The sample is selected to reflect the entire
civilian noninstitutional population. Based on responses to a series
of questions on work and job search activities, each person 16 years
and over in a sample household is classified as employed, unemployed,
or not in the labor force.

People are classified as employed if they did any work at all as paid
employees during the reference week; worked in their own business,
profession, or on their own farm; or worked without pay at least 15
hours in a family business or farm. People are also counted as employed
if they were temporarily absent from their jobs because of illness, bad
weather, vacation, labor-management disputes, or personal reasons.”
“Establishment survey. The sample establishments are drawn from private
nonfarm businesses such as factories, offices, and stores, as well as
from federal, state, and local government entities. Employees on nonfarm
payrolls are those who received pay for any part of the reference pay
period, including persons on paid leave.”

https://citizenwells.wordpress.com/2012/10/05/employment-rate-drop-caused-by-600000-new-part-time-workers-unemployment-rate-3-percent-drop-real-jobs-added-114000-involuntary-part-time-workers-not-good-news/

Here is what Obama is not telling you for good reason.

From the Bureau of Labor Statistics historical data.

Employment Level – Part-Time for Economic Reasons, Could Only Find Part-Time Work, All Industries

January 2001 George Bush took office.

924,000

January 2007 Democrats took both houses of congress.

1,197,000

January 2009 Barack Obama took office.

1,679,000

September 2012.

2,572,000

Numbers don’t lie.

Obama does.

34 Comments

Posted in Accountability, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Congress, Economy, Election 2012, Employment, Government, Lies, News, Obama 2006 Kenya, Obama administration, Obama lies, Obama Nation, Obama records, Orwell, Orwellian, Presidential candidate, The Case Against Barack Obama, Unemployment, US economy, Washington DC, white house

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Employment rate drop caused by 600000 new part time workers, Unemployment rate .3 percent drop, Real jobs added 114000, Involuntary part time workers not good news

Posted on October 5, 2012 | 11 comments

Employment rate drop caused by 600000 new part time workers, Unemployment rate .3 percent drop, Real jobs added 114000, Involuntary part time workers not good news

“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

“People leaving the labor force were a big reason that North Carolina’s unemployment rate dropped to 9.4 percent in April, a month when only 1,400 more people got jobs.”…WRAL May 18, 2012

“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. His heart sank as he thought of the enormous power arrayed against him, the ease with which any Party intellectual would overthrow him in debate, the subtle arguments which he would not be able to understand, much less answer. And yet he was in the right! They were wrong and he was right. The obvious, the silly, and the true had got to be defended. Truisms are true, hold on to that! The solid world exists, its laws do not change. Stones are hard, water is wet, objects unsupported fall towards the earth’s centre. With the feeling that he was speaking to O’Brien, and also that he was setting forth an important axiom, he wrote:

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

Here is the answer to the .3 percent unemployment rate drop from 8.1 percent in August to 7.8 percent in September.

From the US Labor Department October 5, 2012.

“Total employment rose by 873,000 in September, following 3 months of little
change. The employment-population ratio increased by 0.4 percentage point to
58.7 percent, after edging down in the prior 2 months. The overall trend in
the employment-population ratio for this year has been flat. The civilian labor
force rose by 418,000 to 155.1 million in September, while the labor force
participation rate was little changed at 63.6 percent. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes
referred to as involuntary part-time workers) rose from 8.0 million in August
to 8.6 million in September. These individuals were working part time because
their hours had been cut back or because they were unable to find a full-time
job.”

http://www.bls.gov/news.release/empsit.nr0.htm

Part time workers included in employed category.

“Household survey. The sample is selected to reflect the entire
civilian noninstitutional population. Based on responses to a series
of questions on work and job search activities, each person 16 years
and over in a sample household is classified as employed, unemployed,
or not in the labor force.

People are classified as employed if they did any work at all as paid
employees during the reference week; worked in their own business,
profession, or on their own farm; or worked without pay at least 15
hours in a family business or farm. People are also counted as employed
if they were temporarily absent from their jobs because of illness, bad
weather, vacation, labor-management disputes, or personal reasons.”
“Establishment survey. The sample establishments are drawn from private
nonfarm businesses such as factories, offices, and stores, as well as
from federal, state, and local government entities. Employees on nonfarm
payrolls are those who received pay for any part of the reference pay
period, including persons on paid leave.”

http://www.bls.gov/news.release/empsit.tn.htm

600,000 new part time jobs in September.

But this is why:

“These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.”

Where I come from, this is not good news.

Obviously there are more components of this voodoo mathematics.

Here are some interesting facts:

 
                                                                                    Sept 2011                            Sept 2012
 
Labor force participation rate                            64.1 %                                 63.6 %
 
Persons who currently want a job                6,240,000                             6,727,000
 
Not in labor force                                               86,067,000                          88,710,000      
 
Employment-population ratio                            58.4                                     58.7   
This big jump in “part time” workers begs more research.

11 Comments

Posted in Accountability, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, doublespeak, Economy, Employment, Financial crisis, Jobs, News, Obama, Obama lies, Obama Nation, Obama records, Orwell, Orwellian, Presidential candidate, The Case Against Barack Obama, Unemployment, US economy, Washington DC, white house

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2013 huge tax increases loom, Typical middle income family $2000 increase, Bush tax cuts not just for wealthy, Obama lies exposed, 90 percent of households tax increase

Posted on October 2, 2012 | 43 comments

2013 huge tax increases loom, Typical middle income family $2000 increase, Bush tax cuts not just for wealthy, Obama lies exposed, 90 percent of households tax increase

“I would not increase taxes for middle class Americans and in fact I want to….provide a tax cut for people who are making $75,000 a year or less,” “For those folks, I want an offset on the payroll tax that would be worth as much as $1,000 for a family.”…Barack Obama March 27, 2008

“Obama’s completely disingenuous dodge on whether he would raise taxes during a time of economic slowdown is belied by his vote earlier this month,” “Obama’s claims to the contrary, his votes to raise taxes on people earning as little as $31,850 are straight from the Democrats’ tax-and-spend playbook.”…Alex Conant, RNC spokesman March 27, 2008

“It is time for the Obama campaign to retire this talking point, no matter how much it seems to resonate with voters. The financial crisis of 2008 stemmed from a variety of complex factors, in particular the bubble in housing prices and the rise of exotic financial instruments. Deregulation was certainly an important factor, but as the government commission concluded, the blame for that lies across administrations, not just in the last Republican one.
In any case, the Bush tax cuts belong at the bottom of the list — if at all. Moreover, it is rather strange for the campaign to cite as its source an article that, according to the author, does not support this assertion.”…Washington Post October 1, 2012

First of all, I would like to thank and congratulate the Washington Post for awarding Obama 3 Pinochios for blaming the Bush Tax Cuts for the economic crisis.

Second. As you will see below, the Bush tax cuts were not just for the wealthy.

From the Telegraph Herald October 2, 2012.

“Tax increase looms at year-end ‘fiscal cliff’

A typical family could see its taxes go up by $2,000 next year if lawmakers fail to renew cuts set to expire at the end of the year.”

“A typical middle-income family making $40,000 to $64,000 per year could see its taxes go up by $2,000 next year if lawmakers fail to renew a lengthy roster of tax cuts set to expire at the end of the year, according to a new report Monday

Taxpayers across the income spectrum would be hit with large tax hikes, the Tax Policy Center said in its study, with households in the top 1 percent income range seeing an average tax increase of more than $120,000, while a family making between $110,000 to $140,000 could see a tax hike in the $6,000 range.

Taxpayers across the income spectrum will get slammed with increases totaling more than $500 billion — a more than 20 percent increase — with nine out of 10 households being affected by the expiration of tax cuts enacted under both President Obama and his predecessor, George W. Bush.

The expiring provisions include Bush-era cuts on wage and investment income and cuts for married couples and families with children, among others. Also expiring is a 2 percentage point temporary payroll tax cut championed by Obama.

The looming expiration of the large roster of tax cuts is one of the issues confronting voters in November, with the chief difference between Obama and GOP candidate Mitt Romney being the tax treatment of wealthier earners. Obama is calling for permitting rates on individual income exceeding $200,000 and family incoming over $250,000 to go back to Clinton-era rates of as much as 39.6 percent.

Both candidates call for rewriting the tax code next year, but any such effort promises to be difficult and could take considerable time.

Monday’s study, by the independent Tax Policy Center, deals with the immediate increases set to slap taxpayers in January under the existing framework of the tax code.

Few are talking of renewing Obama’s payroll tax cut, even though that would mean a tax increase for working people. Working families with modest incomes would be hit hard as the child tax credit would shrink from a maximum of $1,000 per child to $500.

As a result, a married couple earning $50,000 with three dependent children that currently receives an almost $1,500 income tax refund largely due to the child tax credit would see their fortunes reversed by more than $3,000 next year and pay more than $1,500 in income taxes while seeing their payroll taxes go up by $1,000 if the full menu of tax cuts expire.

Economists warn that the looming tax hikes, combined with $109 billion in automatic spending cuts scheduled to take effect in January, could throw the fragile economy back into recession if Washington doesn’t act. The automatic spending cuts are coming due because of the failure of last year’s deficit “supercommittee” to strike a bargain.

The combination of the sharp tax hikes and spending cuts has been dubbed a “fiscal cliff.”

“The fiscal cliff threatens an unprecedented tax increase at year end,” says the report. “Taxes would rise by more than $500 billion in 2013 — an average of almost $3,500 per household — as almost every tax cuts enacted since 2001 would expire.”

Cumulatively, the country would see a 5 percentage point jump in its average tax rate, which works out to taxes on the top 1 percent jumping by more than 7 percentage points and about 4 percentage points for most people earning below $100,000 per year.

Put another way, people in the $40,000-$64,000 income range would see their average federal tax rate jump from 14 percent to 17.8 percent — or an increase in their overall federal bill of 27 percent.

All told, almost 90 percent of all households would face a tax increase, though the top 20 percent of earners would bear 60 percent of the overall cost. Across all households the tax increases would average almost $3,500.

The expiration of cuts on capital gains and stock dividends is a key reason why wealthier people would see a higher increase in their tax burdens.

Republicans controlling the House have also called for the expiration of Obama-backed tax cuts for the working poor, including expansions of the earned income and child tax credits.

But all sides are calling for the renewal of Bush-era tax rates for everyone else. Without a renewal of those rates, a married couple would pay a 28 percent rate on taxable income exceeding $72,300 instead of the 25 percent rate they now pay. And the 10 percent rate paid on the first $8,900 of income would jump to 15 percent.

The new top rate of 39.6 percent would kick in for income over $397,000. The current top rate is 35 percent rate.

The Tax Policy Center is a joint project of the Urban Institute and the Brookings Institution.”

http://www.thonline.com/news/national_world/article_19fc291b-ce3c-5667-ad9b-875019eeac09.html

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