Category Archives: Economy

Unemployment applications jump to 399000, Increase 24000, January 13, 2012, US Labor department, 4 week average rose to 381750, Media silent

Posted on January 13, 2012 | 135 comments

Unemployment applications jump to 399000, Increase 24000, January 13, 2012, US Labor department, 4 week average rose to 381750, Media silent

“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”

Last week, when the alleged drop in unemployment claims was announced and the media was lavishing praise on Obama, I certainly had my doubts. The temporary jobs of the Christmas Season are always a problem and now with so many job applicants giving up, a realistic number is even more difficult to arrive at. Before reacting to last week’s numbers, I decided to let the dust settle and wait for the effect of the seasonal hiring to diminish.

Yesterday I heard Rush Limbaugh react to the Unemployment applications jump to 399,000. His reaction was much the same as mine with the recent jubilation in the media of reports of so called reductions in unemployment. Yesterday the media was silent. We still do not have a realistic number to reflect the true unemployment rate. Last week Sean Hannity indicated it is probably around 15.2 %.

From the Lake County News Sun January 12, 2012.

“Unemployment benefit applications jump to 399,000”

“The number of people applying for weekly unemployment benefits spiked last week, largely because companies let go of thousands of workers after the holiday season.

The Labor Department said Thursday that applications jumped by 24,000 to a seasonally adjusted 399,000, the most in six weeks. That followed three months of steady declines that brought applications to the lowest level in more than three years.

Applications typically soar in the first two weeks of the year. That’s because many companies lay off temporary workers who were brought on to help during the holidays. The department tries to adjust for those patterns. But the task is difficult because the data can be volatile.

The four-week average, which attempts to smooth such fluctuations, also rose, to 381,750. It had fallen in the previous week to a three-and-a-half-year low.”

“The pickup in hiring reflects greater economic growth. The economy will likely expand by more than 3 percent at an annual rate in the final three months of last year, economists expect. Rising consumer spending will likely power much of the gain. That would be a sharp improvement over the 1.8 percent growth in the July-September quarter.

Even so, economists worry that growth could slow in the first half of 2012. Europe is almost certain to fall into recession because of its financial troubles.

And wages didn’t keep pace with inflation last year. So without more jobs and higher pay, consumers may have to cut back on spending. That could drag on growth next year. Consumer spending accounts for 70 percent of economic activity.”

http://newssun.suntimes.com/business/9973056-420/unemployment-benefit-applications-jump-to-399000.html

 

135 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Government, Jobs, Labor Department, News, Obama, Obama lies, Obama Nation, Obama records, The Case Against Barack Obama, Washington DC, white house

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2011 Worst year for new home sales on record, November home sales indicator of growth?, Existing home sales revised downward, Accurate reporting?

Posted on December 26, 2011 | 20 comments

2011 worst year for new home sales on record, November home sales indicator of growth?, Existing home sales revised downward, Accurate reporting?

I was listening to the “news” on Friday and heard that the financial markets had reacted to a report that new home sales were up in November.

From Business Week December 23, 2011.

“U.S. Stocks Rise as Durable Goods, Home Sales Signal Expansion”

“U.S. stocks rose, pushing the Standard & Poor’s 500 Index to a 0.6 percent yearly rally, as expansion in U.S. industrial purchases and stronger new-home sales offset weaker-than-forecast consumer spending.”

http://news.businessweek.com/article.asp?documentKey=1376-LWNIPD6K50XU01-77BNR0NIDMIOSLU0177OO73CP4

New home sales reality check.

From MSN Business news December 26, 2011.

“Worst year for new home sales in US”

“Americans probably bought more homes in November, but 2011 likely will end up as the worst year for new-home sales since the government began keeping records in 1963.

Sales last month are expected to rise to a seasonally adjusted annual pace of 312,000, according to a survey of economists by FactSet. That’s less than half the 700,000 that economists say must be sold to sustain a healthy housing market.

The Commerce Department will release the report on Friday morning.

In October, new-home sales rose 1.3 per cent to a seasonally adjusted annual rate of 307,000. But the median price fell to its lowest level of the year: $US212,300 ($A210,200).

The year’s sales pace is trailing last year’s total of 323,000 new homes sold, the fewest on record.

Economists say housing is a long way from fully recovering. Builders have stopped working on many projects because it’s been hard for them to get financing or to compete with cheaper resale homes. For many Americans, buying a home remains too big a risk more than four years after the housing bubble burst.

Even so, home construction has begun a gradual comeback and should add to economic growth in 2011. The main reason is that the rate of apartment construction is nearly twice as fast as it was two years ago.

And rising interest from would-be buyers left US homebuilders less pessimistic about the housing market in December, according to the National Association of Home Builders/Wells Fargo builder sentiment index. It rose two points this month, reaching its highest level since May 2010.

Though new-home sales represent less than 10 per cent of the housing market, they have an outsize impact on the economy. Each home built creates an average of three jobs for a year and generates about $US90,000 in tax revenue, according to the National Association of Home Builders.

Home prices have tumbled, the job market remains weak and unemployment is still high at 8.6 per cent. Some people who want to buy can’t qualify for a loan or make the higher downpayments that banks are demanding.”

http://news.businessweek.com/article.asp?documentKey=1376-LWNIPD6K50XU01-77BNR0NIDMIOSLU0177OO73CP4

Existing homes sales were recently revised downward.

From Citizen Wells December 14, 2011.

“Five years of home sales to be revised lower in ‘meaningful’ way”

“If you thought the U.S. housing market couldn’t get much worse, think again.

Far fewer homes have been sold over the past five years than previously estimated, the National Association of Realtors said Tuesday.

NAR said it plans to downwardly revise sales of previously-owned homes going back to 2007 during the release of its next existing home sales report on Dec. 21.”

https://citizenwells.wordpress.com/2011/12/14/five-years-of-home-sales-revised-lower-national-association-of-realtors-far-fewer-homes-sold-over-last-5-years-mls-data/

 

20 Comments

Posted in Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, News, Real estate, The Case Against Barack Obama, United States, US economy, Washington DC, white house

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Five years of home sales revised lower, National Association of Realtors, Far fewer homes sold over last 5 years, MLS data

Posted on December 14, 2011 | 31 comments

Five years of home sales revised lower, National Association of Realtors, Far fewer homes sold over last 5 years, MLS data

From the Chicago Tribune December 14, 2011.

“Five years of home sales to be revised lower in ‘meaningful’ way”

“If you thought the U.S. housing market couldn’t get much worse, think again.

Far fewer homes have been sold over the past five years than previously estimated, the National Association of Realtors said Tuesday.

NAR said it plans to downwardly revise sales of previously-owned homes going back to 2007 during the release of its next existing home sales report on Dec. 21.

NAR’s existing home sales numbers, released monthly, are a closely followed gauge of the health of the housing market.

While NAR hasn’t revealed exactly how big the revision to home sales will be, the agency’s chief economist Lawrence Yun said the decrease will be “meaningful.“

“For the real estate business, this means the housing market’s downturn was deeper than what was initially thought,“ Yun said.

Yun said the database NAR uses to track existing home sales, the Multiple Listing Service (MLS), has led the real estate agency to over-count existing home sales for several reasons.

The MLS database only includes home sales listed by realtors, and excludes homes listed by owners, providing a very narrow view of the market. And because more people are using realtors to list their homes instead of selling them independently, realtor-listed sales numbers have become artificially inflated, said Yun.

In addition, some of the assumptions NAR used in calculating its data have become outdated, since they were based on 2000 Census data.”

Read more:

http://www.chicagotribune.com/business/breaking/chi-existing-home-sales-to-be-revised-lower-in-meaningful-way-20111214,0,2475335.story

31 Comments

Posted in America, Chicago Tribune, Economy, News, Real estate, The Case Against Barack Obama, United States, US economy

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Unemployment rate lies exagerations, Obama lies, 315000 Americans left the labor force, Worst jobless figures since Great Depression in NC

Posted on December 3, 2011 | 40 comments

Unemployment rate lies exagerations, Obama lies, 315000 Americans left the labor force, Worst jobless figures since Great Depression in NC

“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 Gallup November 17, 2011.

“U.S. Unemployment Ticks Up in Mid-November

Underemployment is at 18.2%, with 9.7% working part time but seeking full-time jobs
by Dennis Jacobe, Chief EconomistPRINCETON, NJ — Unemployment, as measured by Gallup without seasonal adjustment, is 8.5% in mid-November — up from 8.3% in mid-October, but down significantly from 9.2% in mid-November 2010. Gallup’s mid-month unemployment measure suggests the government is likely to report no change in its seasonally adjusted unemployment rate for November 2011.
An additional 9.7% of U.S. employees work part time but want full-time work, up from 9.2% in mid-October. The current reading is significantly higher than the 8.5% of mid-November 2010.
Underemployment, a measure that combines the percentage of workers who are unemployed with the percentage working part time but wanting full-time work, is 18.2% — up from 17.5% a month ago. Underemployment stood at 17.7% in mid-November 2010.
Implications

Gallup’s analysis suggests that the deterioration in November unemployment is essentially the result of seasonal factors. In turn, this implies the government is likely to report on the first Friday in December that there was no change in the U.S. unemployment rate for November.”

http://www.gallup.com/poll/150794/unemployment-ticks-mid-november.aspx

From the US Labor Department December 2, 2011.

“The unemployment rate fell by 0.4 percentage point to 8.6 percent in November, and nonfarm payroll employment rose by 120,000, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in retail trade, leisure and hospitality, professional and business services, and health care. Government employment continued to trend down.”

“Household Survey Data

In November, the unemployment rate declined by 0.4 percentage point to 8.6 percent. From April through October, the rate held in a narrow range from 9.0 to 9.2 percent. The number of unemployed persons, at 13.3 million, was down by 594,000 in November. The labor force, which is the sum of the unemployed and employed, was down by a little more than half that amount.”

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

From Bloomberg December 3, 2011.

“Household Survey
 
The unemployment rate, derived from a separate survey of households, was forecast to hold at 9 percent. The decrease in the jobless rate reflected a 278,000 gain in employment at the same time 315,000 Americans left the labor force.

“While the rate is certainly a very favorable rate, I would highlight that a lot of it is because people pulled out of the workforce,” Eric Rosengren, president of the Federal Reserve Bank of Boston, said in a speech yesterday.”

http://www.bloomberg.com/news/2011-12-03/payroll-gains-improve-as-u-s-unemployment-rate-drops-economy.html

From Rush Limbaugh December 2, 2011.

“Regime Manipulates Numbers to Get Unemployment Headline Under 9%”

“BEGIN TRANSCRIPT

RUSH: I don’t want to be an I told you so, but I told you so, and I told you so five weeks ago.  Gallup, every week, puts out their own unemployment numbers and Gallup has been signaling that this day unemployment below 9% was coming.  They’ve been blatantly saying so, based on their own unemployment data, which is not related to the Bureau of Labor Statistics reports.  It’s their own surveys; and in the last five weeks, occasionally they will say that their numbers that they come out with on a Wednesday or Thursday indicate that we’re getting very close to a Bureau of Labor Statistics unemployment number of under 9%.  I said, “The regime needs this, and when we finally get to under 9%, it will be eight-point-something, but the point-what won’t matter.  The only number that’s going to matter is the eight.

“It could be 8.9; it won’t be 8.9, it will be ‘8.’”  Well, it’s 8.6, but it doesn’t matter, it’s eight; and predictably, the media’s all over it, and that’s the headline.  You know, I got up this morning and I did the show prep routine and one of the first places I always go is Drudge and I saw it right there in red, and it’s 8.6, and that’s all it said, and I knew what it was. It’s Friday, and I didn’t need to know anything else.  I knew that was the unemployment number, 8.6, and that’s all anybody else is gonna hear. They’re not gonna dig deep and find out how it happened.  Some people have, some people are. There’s a slight bit of reservation in certain sectors of the Drive-By Media.  But most of the Drive-By Media is doing hosannas and hallelujah and merry…

Well, Happy Holidays. They don’t do Merry Christmas in the media.  But we’re back, it’s done, they got the headline: “Unemployment, 8.6%!” Now, the truth of the matter is — and Bloomberg News even points out that the only way — it’s a corrupt number.  It is a corrupt number. Folks, the number of people who have quit looking for work in the last few weeks is 315,000.  Those are the people have thrown up their hands after 99 weeks or more of being unemployed; and they’ve said, “I’m quitting.  I’m not looking.”  So they’re not counted.  Therefore, the universe of jobs available in the country is down by 315,000.  That is the labor force participation rate.  The labor force participation rate is a meager 64%.  It fell to 64% from 64.2%.  So the 0.2% drop equals 315,000 people leaving the workforce.

That means there are 315,000 fewer jobs to have, so the universe of jobs has been steadily shrinking.  What was the number of jobs created?  It’s 120,000 jobs.  It’s 120, 126,000, whatever. That’s in the ballpark.  That number of jobs created can lower unemployment rate 0.4%, almost one half of a percent? Creating 120,000 new jobs can do that?  That alone tells us how small the labor force participation rate is.  That tells us how small the universe of available jobs in the country is, when creating 120,000 — and we still have, don’t forget, over 400,000 applications for unemployment compensation reported yesterday.  So just 120,000 new jobs can lower the unemployment rate almost a half a point.  That’s not possible without that 315,000 figure, the 315,000 people who have just walked away.

Bloomberg News is even reporting this means that more people left the workforce than got jobs.  Now, stop and think of this.  More people left the workforce than got jobs, and the unemployment rate goes down?  We’re dealing here with a serious form of corruption, manipulation of data; but, we all knew it was coming.  After all, we’re talking about the regime.  We knew this was coming.  We know the fact, we know the histoire, that no president’s been reelected with an unemployment rate higher than 8%.  So here we are 11 months away from the next election, voila! Heading into the Christmas, slash, holiday season, and we’re at 8.6%, the 0.6 doesn’t matter, we’re at 8%.  And the media is having orgasms out there, O-gasms.

But everybody in the country knows the economy is not growing, that new jobs are not being created a massive, robust way that signals, or feels like economic growth.  But the sad thing is that all these details that I have provided — probably, sadly — won’t even matter because the regime has gotten the headline that it wanted.  It got 8.6.  The regime got unemployment 8.6%.  That’s what they wanted; that’s what they got.  All these other details are irrelevant.  Now, this is the U3 unemployment rate.  The U6 unemployment rate counts the 315,000.  The U3 is a government marker.  U3 is what is reported.  The U6 unemployment number counts the 315,000 who have given up looking for a gig.  The U6 unemployment number is around 16, 17% — and that’s real unemployment.

The job universe from January 2009 when Obama was immaculated to the present is down about 2.5 million jobs.  There are 2.5 million fewer jobs in our country in the two and a half, almost three years now that Obama has been in orifice — and that’s the dirty little secret.  You shrink the workforce by two, 2.5 million people is the only way you can report the unemployment rate going down.  More people leave the workforce than found jobs, and the unemployment rate went down a half a point.  So again we are being massaged, we are being spun, we are being inundated with corrupt numbers, but it was all predictable, all understandable.  Again, so small has the employment universe become — so small, so many people having dropped out of the system altogether…

No longer counted, is what that means, as being unemployed. No longer counted as being alive in terms of the Bureau of Labor Statistics. When you quit looking for a job, you’re only counted in that U6 number, which is not the one that’s reported.  The U3 number is.  So you drop out of the system altogether, you’re no longer counted by the Obama regime.  A mere 126,000 job increase drops unemployment rate almost one half of a percentage point.  This is nothing more than the government manipulating the real work situation that exists in the country.  It’s all calculated to create a false impression of economic recovery and a healthier job market.  It’s truly outrageous — and watch how the Obama media cronies regurgitate this propaganda for the most part.  Watch how they’ll all fall in line. You’ve probably heard it already this morning.  I have examples of it here in the sound bite roster, but I don’t… Ah, I’ll probably play a couple of them just for the fun of it.”

Read more:

http://www.rushlimbaugh.com/daily/2011/12/02/regime_manipulates_numbers_to_get_unemployment_headline_under_9

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Posted in Americans, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Government, Jobs, Lies, NC, News, North Carolina, Obama, Obama lies, Obama Nation, Obama records, Orwellian, The Case Against Barack Obama, Unemployment, United States, US economy, Washington DC, white house

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We are not hiring until Obama is gone, US Cranes New Company Policy, Bill Looman can’t afford to hire, Blames Obama administration

Posted on November 25, 2011 | 46 comments

We are not hiring until Obama is gone, US Cranes New Company Policy, Bill Looman can’t afford to hire, Blames Obama administration

From 11Alive in Waco, Georgia November 23, 2011.

“Company Policy: We are not hiring until Obama is gone”

“A west Georgia business owner is stirring up controversy with signs he posted on his company’s trucks, for all to see as the trucks roll up and down roads, highways and interstates:

“New Company Policy: We are not hiring until Obama is gone.”

“Can’t afford it,” explained the employer, Bill Looman, Tuesday evening. “I’ve got people that I want to hire now, but I just can’t afford it. And I don’t foresee that I’ll be able to afford it unless some things change in D.C.”

Looman’s company is U.S. Cranes, LLC.  He said he put up the signs, and first posted pictures of the signs on his personal Facebook page, six months ago, and he said he received mostly positive reaction from people, “about 20-to-one positive.”

But for some reason, one of the photos went viral on the Internet on Monday.

And the reaction has been so intense, pro and con, he’s had to have his phones disconnected because of the non-stop calls, and he’s had to temporarily shut down his company’s website because of all the traffic crashing the system.

Looman made it clear, talking with 11Alive’s Jon Shirek, that he is not refusing to hire to make some political point; it’s that he doesn’t believe he can hire anyone, because of the economy. And he blames the Obama administration.”

“”The Secret Service left here, they were in a good mood and laughing,” Looman said. “I got the feeling they thought it was kind of ridiculous, and a waste of their time.”

So Bill Looman is keeping the signs up, and the photos up — stirring up a lot of debate.

“I just spent 10 years in the Marine Corps protecting the rights of people… the First Amendment, and the Second Amendment and the [rest of the] Bill of Rights,” he said. “Lord knows they’re calling me at 2 in the morning, all night long, and voicing their opinion. And I respect their right to do that. I’m getting a reaction, a lot of it’s negative, now. But a lot of people are waking up.””

Read more:

http://www.11alive.com/news/article/214228/3/Company-Policy-We-are-not-hiring-until-Obama-is-gone

46 Comments

Posted in Americans, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Election 2012, First Amendment, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, Patriotism, The Case Against Barack Obama, US economy, Washington DC, white house

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Obama jobs pitch Greensboro NC Proximity Hotel stay, Occupy Greensboro protestors may picket Obama, Taxpayer funded campaign trip

Posted on October 17, 2011 | 20 comments

Obama jobs pitch Greensboro NC Proximity Hotel stay, Occupy Greensboro protestors may picket Obama, Taxpayer funded campaign trip

“Why did the Illinois Senate Health & Human Services Committee, with Obama as chairman, create and push Bill 1332, “Illinois Health Facilities Planning Act,” early in 2003, which reduced the number of members on the Board from 15 to 9, just prior to rigging by Tony Rezko and Rod Blagojevich?”…Citizen Wells

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

From the Greensboro News Record October 17, 2011.

“Railing against Republicans, President Barack Obama on Monday pushed for a jobs package that Congress is splintering into pieces, as the White House predicted the Senate would start taking votes soon. Obama pressed lawmakers to act first on his idea of funneling aid to states to hire teachers and other workers.

Noting that Republicans in Senate rejected consideration of his whole $447 billion plan, Obama sought anew to turn that vote against them.

“Maybe they just couldn’t understand the whole thing at once, so we’re going to break it up into bite-size pieces,” Obama said in western North Carolina, back on the road to campaign for his agenda and, in turn, his own re-election.”

“Obama’s pitch came in the first stop of a three-day bus tour through North Carolina and Virginia. His goal is to keep pressure on Congress to act on individual pieces of his bill following last week’s Senate vote to shelve the plan.

A supportive crowed in broke into a chant of “four more years” for Obama. Said the president in response: “I appreciate the four more years, but right now I’m thinking about the next thirteen months.”

Republicans denounced the bus trip as nothing more than a taxpayer-funded campaign trip through two must-win states to try to bolster his standing for the 2012 election.”

http://www.news-record.com/content/2011/10/17/article/obama_begins_bus_tour_in_nc_to_promote_jobs_bill

Occupy protesters look for new campsite

“The neophyte Occupy Greensboro movement has a secure downtown campsite through Friday and is hunting another location to continue its protest for the long haul.

A day after staging a 600-person march through town protesting financial inequities, about 200 campers and part-time demonstrators agreed by unanimous consent Sunday evening to pursue other tactics, including the possible picketing of the Proximity Hotel where they expect President Barack Obama to stay tonight during his two-day visit to North Carolina and Virginia.

The group voted to ask Obama to meet tonight with some members — a delegation bearing letters of “individual grievances.”

“We wished to invite you to visit with our assembly and hear why the people gathered here are upset with our government,” the letter said.”

http://www.news-record.com/content/2011/10/17/article/occupy_protesters_look_for_new_campsite

In honor of Obama’s visit to my home state NC, here are 5 questions that we would like answers to:

1. Why did the IL committee you were chairman of in 2003 reduce the members of the IL Health Planning Board from 15 to 9 just before it was rigged by Tony Rezko and Rod Blagojevich?

2. Who murdered Donald Young, the choirmaster of your church, TUCC?

3. Why have you used numerous US Justice department attorneys and personnel, at taxpayer expense, to avoid presenting a legitimate birth certificate and college records?

4. Why did your administration push through federal loan guarantees for Solyndra?

5. What was your involvement in project Fast and Furious?

I have many more questions for you, but this is a good start.

20 Comments

Posted in Barack Obama, Birth Certificate, Blagojevich, Citizen News, Citizens for the truth about Obama, CitizenWells, Congress, Donald Young, Economy, Election 2012, Eligibility, NC, News, North Carolina, Obama, Obama lies, Obama Nation, Obama records, Rezko, The Case Against Barack Obama, Tony Rezko, US Department of Justice, US economy, US House of Representatives, US Senate, Washington DC, white house

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Occupy Greensboro protest, Saturday October 15, 2011, Downtown Greensboro NC, Government and institutions for sale to the highest bidder

Posted on October 16, 2011 | 15 comments

Occupy Greensboro protest, Saturday October 15, 2011, Downtown Greensboro NC, Government and institutions for sale to the highest bidder

The crowd at Occupy Greensboro was a fairly diverse group of people very different from the bulk of attendees at the Occupy Wall Street protest in NY City. Many of the Tea Party folks would have felt at home with signs blaming government. Of course the Che Guevarra flag  would not have been so inviting. I  am still watching the union and Obama camp involvement in NC and will continue to monitor it. Recently the ACLU was spotted near the University of NC at Greensboro with petitions against some form of job discrimination in NC. What they failed to mention is that NC is a right to work state. An employee can be fired for any reason. This keeps the unions out and companies in the state.

Morgan Freeman and other racists, most of the people in attendance were white since, duh, the majority of the population is.

From the Greensboro News Record October 15, 2011.

“When the Occupy movement that began on New York’s Wall Street comes to downtown Greensboro today, it will come with a head of steam that’s been building for weeks.

Organizers and supporters of Occupy Greensboro say the protests of economic inequity happening across the country inspired them to put together a local event.

Organizers say it also inspired them to do it the right way.”

“The group rented space at the park and the neighboring YWCA parking lot to avoid the standoff with police that happened at Occupy events in Boston and New York.

“The city greatly reduced its rental fee for us — from $700 a day to I believe around $200,” Wright said. “And we’ll have the YWCA parking lot for camping, which is private property.”

Initially, some in the group argued protesters should simply occupy the park without paying rent — under the theory there would be too many people for police to eject.

“In the end, we decided it was more important to have a good relationship with the city and the police,” Wright said.

Wright, a 29-year old who coaches lacrosse at Grimsley High and Wake Forest, said this is the first protest movement in which he’s taken part.”

Read more:

http://www.news-record.com/content/2011/10/14/article/occupy_organizers_want_family_event

From the Greensboro News Record October 16, 2011.

“Hundreds of protesters surrounded the Bank of America building downtown Saturday afternoon as part of the “Occupy Greensboro” protest.

“Banks got bailed out, we got sold out,” they chanted to the beat of a marching drum corps, raising handmade signs and unfurling banners.

“Lobbyists Eat the Constitution for Breakfast” read one.

“Eight Years of College and Laid off Twice,” another read. “Where’s My Bailout?”

Those who marched from the Phill G. McDonald Plaza to Festival Park said they were inspired by the movement that began on New York’s Wall Street and has spread all over the world.

Police Chief Ken Miller, who oversaw his officers at Festival Park and spent some time chatting with protesters, estimated the crowd at about 600.

Organizers had expected between 500 and 1,000 people.

Some of the targets of the protest: fraud in the financial industry, economic inequality, and elected officials who protesters said serve donors and lobbyists rather than the American people.

“It’s hard to live in America today without coming to the conclusion that our government and all of our institutions are for sale to the highest bidder,” said Michael Duncan, 22.

Duncan said he was lucky to find a job in computer technical support after he graduated from college two years ago — many of his friends didn’t.

But he was laid off just a few months later as the company he worked for downsized. He found another job after a few months but was laid off again within a year.

“Our economy is on the verge of collapse,” Duncan said. “And it’s because of a housing bubble created by bankers and people on Wall Street who sold us a bill of goods, defrauded the American people and then were bailed out by our government along with a lot of other major corporations as average workers were laid off, their pay cut, and their houses foreclosed.

“Anyone who isn’t angry about that hasn’t been paying attention.”

The demonstration remained peaceful. No arrests were made as of Saturday night.

The event’s organizers worked closely with police and city officials to be sure the demonstration would be safe, family friendly and nonviolent.”

“A few area elected officials and political candidates also were among the crowd, including at-large Greensboro City Council candidate Marikay Abuzuaiter and Guilford County Register of Deeds Jeff Thigpen.

Thigpen’s crusade against mortgage fraud and improper documentation by major national banks in Guilford County has gotten national media coverage.

“The people who started this aren’t the protesters,” Thigpen said. “They’re on Wall Street and they ran our economy into the ground. I believe in an America where there isn’t one standard for banks and another standard for the rest of us.””

Read more:

http://www.news-record.com/content/2011/10/15/article/600_march_downtown

Jeff Thigpen, the Guilford County Register of Deeds, is a good guy and a friend of mine. He has been doing some good work in the area of “robo signatures” and circumventing of chain of title in mortgages. However, he continues to repeat the party line in terms of placing the majority of blame for the economy and housing crisis on the lenders. More guilty in this sham are people like Chris Dodd, Barney Frank, Maxine Waters and Barack Obama in sync with organizations like ACORN who pressured banks to make loans to unqualified and risky borrowers. Jeff, I will be discussing that with you soon.

15 Comments

Posted in Americans, Barack Obama, Barney Frank, Citizen News, Citizens for the truth about Obama, CitizenWells, Civil rights, Congress, constitution, Economy, Government, NC, New York, News, North Carolina, Obama, Obama administration, Obama taxes, The Case Against Barack Obama, Unions

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Keep The Change, Hank Williams Jr., Glenn Beck plays song and blasts Fox and ESPN, Fox and friends hypocrisy, Beck keeps soul

Posted on October 11, 2011 | 25 comments

Keep The Change, Hank Williams Jr., Glenn Beck plays song and blasts Fox and ESPN, Fox and friends hypocrisy, Beck keeps soul

From Citizen Wells July 3, 2011
“Did Fox make a deal with the devil?”

“Glenn Beck, on his radio show Thursday, June 30, 2011, made the following statements.

““You cannot solve anything if you are not dealing in an honest system,” Glenn said. While FOX is the most honest system out, Glenn said that he wanted to operate in a complete different fashion than every other cable news network.”

“I know enough now to know it doesn’t work.”

“Mark Halperin’s apology for making a disparaging remark about Obama is a perfect example of why traditional cable networks will fail. “I’m more offended that you’re apologizing for something that you actually believe.  Say it.  That’s why these systems are going to fail,” Glenn said. The fact that Halperin has now been suspended for telling the truth is baffling to Glenn.”

“I’m not going to play the game anymore.”

http://www.glennbeck.com/2011/06/30/glenn-im-not-playing-the-game-anymore/

Glenn Beck stated he was  leaving with his soul on his last Fox TV show.”

Read more:

https://citizenwells.wordpress.com/2011/07/03/fox-and-obama-controlled-by-saudis-glenn-beck-leaves-with-soul-beck-seeks-honest-system-i%e2%80%99m-not-going-to-play-the-game-anymore/

I heard part of the Glenn Beck Radio Show this morning. He was on a roll. He played the new Hank Williams song, “Keep The Change” several times. He also blasted Fox and ESPN.  

LYRICS:

“I’ll keep my freedom
I’ll keep my guns
Try to keep my money
And my religion too

Try to keep on workin’
Try to keep on smilin’
I will keep my Christian name and y’all can keep the change

I will keep my heroes
Pictures on the wall
I’ll keep my family safe
You bluff when I call
I’m gonna keep my big V8
Keep my friends the same
Keep the government outta my business
And y’all can keep the change

This country sure as hell been goin’ down the drain
We know what we need
We know who to blame
United Socialist States of America
How do ya like that name?
I’ll keep the USA and y’all can keep the change

So FOX and friends
Wanna put me down
Ask for my opinions
Then twist it all around
Supposed to be talkin’ about my father’s new CD
Well two can play that “Gotcha’ Game” just wait and see
Don’t tread on me

This country sure as hell been goin’ down the drain
We know what we need
We know who to blame
United Socialist States of America
Don’t ya just LOVE that name?
I’ll keep the USA and y’all can keep the change

I’ll keep the USA and y’all can keep the change

Yeah, you can keep FOX and friends and ESPN outta your homes too
Cuz Bocephus and all his rowdy friends and his song is outta there!”

I do not watch Fox or ESPN. I suggest that you follow suit.

25 Comments

Posted in America, Americans, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, conservatives, Economy, Fox news, God, Government, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, The Case Against Barack Obama, US economy, Washington DC

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ACORN Behind Occupy Wall Street Protest, Obama Administration funding, Banks demonized and intimidated again, Obama community organizer tactics

Posted on October 6, 2011 | 31 comments

ACORN Behind Occupy Wall Street Protest, Obama Administration funding, Banks demonized and intimidated again, Obama community organizer tactics

I was in the process of following up on Patrick Fitzgerald, the US Justice Department and who they did and did not prosecute during the 2008 election cycle and moving forward when I came across this article. It came as no surprise to me.

From Judicial Watch October 5, 2011.

“ACORN Behind Occupy Wall Street Protest”

“A famously corrupt leftist community organization with deep ties to President Barack Obama is largely behind the national movement to “end economic segregation” and social injustice in the United States.

Best known as Occupy Wall Street, the rowdy protests have received quite a bit of mainstream media coverage around the world. Besides New York, disruptive marches have been held in other major U.S. cities such as Los Angeles, Seattle, Miami and Boston and more are scheduled in the coming days.

Among the goals is to get major banks to stop preying on the poor and people of color, according to the organizer of a Boston offshoot of an Occupy Wall Street rally. The event, promoted as Take Back Boston, was organized by dozens of local community groups that claim big banks have a pattern of pushing “bad loans on people of color and the poor.” As a result of the “predatory lending,” foreclosures have skyrocketed in urban communities, the organizers say.

Among the Take Back Boston organizers is a spinoff of the Association of Community Organizations for Reform Now (ACORN). Amid a massive fraud scandal and a series of criminal probes, ACORN supposedly dismantled but the reality is that it simply changed its name. In fact, Judicial Watch recently published a special report (“The Rebranding of ACORN”) about the organization’s transformation into various spinoffs and affiliated groups.”

Read more:

http://www.judicialwatch.org/blog/2011/oct/acorn-behind-occupy-wall-street-protest

Prior to the 2008 election, ACORN with the help of Obama and his left wing associates in and outside of Congress, intimidated banks into making loans to many who would not otherwise qualify. The economic downturn forced many into foreclosure, although many of them would have failed anyway since they were not on sound economic footing. Now the banks are blamed for a situation created by the very forces blaming them. Pretty slick, eh?

From Citizen Wells  October 8, 2008.

 “Below is an exerpt from an official Acorn document.”

“ACORN Report
The ACORN Report is published by ACORN’s National Officeand contains up-to-date information. We have ACORN Reports indexed by date and topic available.”

“City Limits February 1999
During its 15 years in New York City, ACORN has helped squatters claim derelict city-owned property, forced bankers to invest in low-income communities, and organized a war against the city’s workfare program.

It’s also developed a reputation for no-holds-barred tactics—getting results through adversarial campaigns against bankers, politicians and bureaucrats using confrontation and concession rather than consensus. ACORN, unlike most social service non-profits, scorns charity. Their goal is to help poor people seize power.”

Read more:

https://citizenwells.wordpress.com/2008/10/08/obama-acorn-fannie-mae-freddie-mac-voter-fraud-seize-power-saul-alinsky-raila-odinga-obama-and-acorn-socialists-smoking-gun/

31 Comments

Posted in Acorn, Banks, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Community Organizer, Congress, corruption, Economy, News, Obama, Obama lies, Obama Nation, Obama records, Obama thugs, Patrick Fitzgerald, The Case Against Barack Obama, US Department of Justice, Washington DC, white house

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Middle class incomes fell in past decade, between 2000 and 2010, Incomes fell in 2010, Adjusted for inflation, Gas prices

Posted on September 21, 2011 | 168 comments

Middle class incomes fell in past decade, between 2000 and 2010, Incomes fell in 2010, Adjusted for inflation, Gas prices

From the Chicago Tribune September 21, 2011.

“Middle class incomes fell 7% between 2000 and 2010”

“It’s official. The first decade of the 21st century will go down in the history books as a step back for the American middle class.

Last week, the government made gloomy headlines when it released the latest census report showing the poverty rate rose to a 17-year high. A whopping 46.2 million people (or 15.1 percent of the U.S. population) live in poverty and 49.9 million live without health insurance.

But the data also gave the first glimpse of what happened to middle-class incomes in the first decade of the millennium. While the earnings of middle-income Americans have barely budged since the mid 1970s, the new data showed that from 2000 to 2010, they actually regressed.

For American households in the middle of the pay scale, income fell to $49,445 last year, when adjusted for inflation, a level not seen since 1996. And over the 10-year period, their income is down 7 percent.

“Economists talk about the lost decade in Japan. Well, with these 2010 data, we can confirm the lost decade for the American middle class,“ said Jared Bernstein, senior fellow at the Center on Budget and Policy Priorities.

Sure, it’s fair to say Americans at all levels of income, from rich to poor, were hit hard in the decade that started with the dot-com boom and bust, and ended with the Great Recession.

But according to the census data, those losses disproportionately hit the lowest 60 percent of Americans, while the richest 40 percent actually gained wealth, relative to the entire U.S. economy.”

“At the same time that Americans had less cash to spend, they were also being hit with rising prices for some crucial items. Even accounting for inflation, it still costs more to buy a home, fill your gas tank, go to the doctor and put food on the table than it did only 10 years ago.”

Read more:

http://www.chicagotribune.com/business/breaking/chi-middle-class-incomes-fell-7-between-2000-and-2010-20110921,0,7914883.story

You all remember this political comeback:

“It’s the economy, stupid!”

Here is the relevant comment for today:

“It’s gas prices, stupid!”

From Citizen Wells September 15, 2011.

“Gasoline Prices

One of the biggest, if not biggest drains on the economy, one exacerbated by Obama and his cronies, is gasoline prices. This affects the cost of everything and is killing our economy. The left are so  concerned about theoretical environmental damage and emulating Europeans that they disregard the plight of average Americans. Below is a chart showing the rise in fuel prices during the Obama reign.

I am all for alternative energy initiatives that make sense and are not in place to enrich Obama supporters. In fact, I have done so myself with my own limited funds. However, gasoline prices are hurting this economy and the poor and middle class citizens who the Democrats pretend to represent.

Drill baby drill!”

Read more:

https://citizenwells.wordpress.com/2011/09/15/obama-economy-worsens-highest-poverty-rate-unemployment-claims-rise-unemployment-rate-9-1-percent-gas-prices-high-obama-wants-to-raise-taxes-on-business/

168 Comments

Posted in Barack Obama, Chicago Tribune, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Family, Government, News, Obama, Obama lies, Obama Nation, Obama taxes, The Case Against Barack Obama, United States, US economy, white house

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