Category Archives: Government

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NC unemployment rate declines, Drop in labor force big reason, 9.4 percent, WRAL honest report, NC employment among worst in nation

NC unemployment rate declines, Drop in labor force big reason, 9.4 percent, WRAL honest report, NC employment among worst in nation

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

“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984″

“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″

My hat is off to WRAL for this honest report.

From WRAL May 18, 2012.

“NC unemployment rate continues slow decline”

“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.

The rate dropped from 9.7 percent in March and a percentage point from April a year ago, according to the figures from the state Division of Labor and Economic Analysis. The rate was stuck at 10.7 percent from July to September, then started a slow decline in October.

More than 11,000 people left the labor force in April compared to May, the figures show. More than 21,000 people have joined the North Carolina labor force since April a year ago.

“The bulk cause of this is the labor force decreased,” division spokesman Larry Parker said of the monthly decrease.

People leave the labor force for many reasons, he said: They quit looking for work; they retire; or they might move. The decrease isn’t related to the demise of extended benefits, which ended last week for about 17,000 people, he said.

The number of unemployed decreased by 12,686 to 439,368 over the month, while the number of employed increased by 1,471 to more than 4.2 million over the month and by 63,513 over the year.

North Carolina’s unemployment continues to be higher than the national rate, which fell slightly to 8.1 percent in April.”

Read more:

http://www.wral.com/news/state/story/11116713/

The mainstream media has misrepresented the unemployment rate and misportrayed the impact of the Labor Force Participation Rate in the US employment numbers.

From Citizen Wells May 9, 2012.

“The Washington Post on May 4, 2012 posted a very misleading article titled “The incredible shrinking labor force.” Is this another example of sloppy or biased journalism or both?”

https://citizenwells.wordpress.com/2012/05/09/washington-post-misrepresents-labor-force-participation-rate-unemployment-rate-blamed-on-baby-boomers-selective-quoting-post-receives-4-orwells/

Obama economy and performance buoyed by NPR and biased media, Washington Post aka Times of “1984” misleads public, Time Magazine, NPR receives 4 Orwells

Obama economy and performance buoyed by NPR and biased media, Washington Post aka Times of “1984” misleads public, Time Magazine, NPR receives 4 Orwells

“If I had my choice I would kill every reporter in the world but I am sure we would be getting reports from hell before breakfast.”… William Tecumseh Sherman

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

“As soon as all the corrections which happened to be necessary in any particular number of the Times had been assembled and collated, that number would be reprinted, the original copy destroyed, and the corrected copy placed on the files in it’s stead. This process of continuation alteration was applied not only to newspapers, but to books, periodicals, pamphlets, posters, leaflets, films, sound tracks, cartoons, photographs–to every kind of literature or documentation which might conceivably hold any political or ideological significance. Day by day and almost minute by minute the past was brought up to date. In this way every prediction made by the Party could be shown by documentary evidence to be correct; nor was any item of news, or expression of opinion, which conflicted with the needs of the moment, ever allowed to be on record.”…George Orwell, “1984″ 

From Larry Elder May 10, 2012.

“Elder: Obama-Loving Media Spin the Economy”


“National Public Radio’s Kai Ryssdal recently talked about the weak economy. His guests, two reporters from The Washington Post and The New York Times, acknowledged the obvious — that the economy is underperforming.

Yet, in the 20 minutes of my sitting and listening in the car in bad Los Angeles traffic, I heard no one mention the words “President Barack Obama.”

Time magazine, in a cover story on the economy, called the current economic recovery a “97-pound weakling.” It informs us that our sluggish economy is now driven by broad, virtually uncontrollable worldwide economic trends. Only once in this lengthy article did Time mention Obama — and only to say that Republican presidential challenger Mitt Romney “plans to use the economy as a hammer against President Obama.”

That’s it. The President, Mr. Hope-and-Change, you see, is powerless to do anything about the economy. None of that “the buck stops here” stuff for him.

Investor’s Business Daily writes that our neighbor up north sees things differently: “The Obama administration and its economic czars have flailed about for years, baffled about how to get the U.S. economy growing. In reality, the president need look no further than our neighbor, Canada, whose solid growth is the product of tax cuts, fiscal discipline, free trade and energy development. That’s made Canada a roaring puma nation, while its supposedly more powerful southern neighbor stands on the outside looking in.”

Canadian Finance Minister Jim Flaherty said: “Creating jobs and growth in our economy is our top propriety. … We are creating the conditions for businesses to successfully compete in the global economy by investing in Canada and creating jobs and growth for all Canadians. Through our government’s low-tax plan … we are continuing to send the message that Canada is open for business and the best place to invest.”

What about the economies of our 50 states? If Obama is powerless to do anything about the economy, surely the states alone are at least as impotent?

But low-tax states outperform high-tax states. Seven states have no personal income taxes (PIT) — Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Two states tax only income on interest and dividends — New Hampshire and Tennessee. The average state and local revenue growth of these nine states from 2000 to 2009 was 81.53 percent.

Average revenue growth in the nine states with the highest PIT rates — Ohio, Maine, Maryland, Vermont, New Jersey, California, Oregon, Hawaii and New York — was 44.88 percent. Similarly, gross state product growth from 2001 to 2010 averaged 58.54 percent in the nine states with no PIT versus 42.06 in the nine states with the highest PIT rates.

Remember, our leftist president once told ABC’s Charlie Gibson that he wants to raise capital gains taxes — even though Obama conceded that historically higher capital taxes lead to less revenue. Then why raise rates at all, asked Gibson. “For purposes of fairness,” said then-Sen. Obama.

This is a president determined to “spread the wealth” to deal with “the gap” between the top 1 percent and the bottom 99 percent. To the Occupy Wall Street protestors, this is a president who said, “You are the reason I ran for office.” This is a president who said, “I do think at some point you’ve made enough money.”

This is a president who blames the Wall Street/housing meltdown on greed. As the see-no-Obama-on-the-economy Time magazine article puts it: “We got into the housing mess because we used our homes like ATMs to cover up the fact that neither incomes nor jobs have grown as much as they should have in the past two decades. It was a myth we all bought into, from the policymakers who pushed the idea of an ownership society fueled by debt to interest-rate-lowering central bankers who kept the music playing to individuals who took the mortgages they knew they couldn’t afford.”

This is the Obama version of events. Greed. Lack of oversight. Government policy had nothing to do with it. Banks just suddenly and for no reason started lending money to people they knew could not afford their mortgages.

Time magazine makes no mention about the central role played by laws like the Community Reinvestment Act. Nothing about the government-built and government-supported behemoths Freddie Mac and Fannie Mae, which changed the rules so that “underrepresented” borrowers could buy a home, too. The government told lenders to lend to high-risk borrowers — or else. What, or else? The government actually threatened fines and held up prudent bank mergers if one or both sides did not sufficiently “lend” to borrowers who, under normal circumstances, failed to qualify.

NPR, however, took the pretzel-twisting in defense of Obama to an even higher level. When the disappointing first quarter numbers came in, NPR’s Scott Neuman actually asked this question: “Common sense says high growth rates are good and slower, more modest ones are not so good. But is that always the case? After all, the ‘irrational exuberance’ of the early 2000s helped bring on the recession, as people borrowed and spent their way to prosperity.”

So bad economic news is actually good economic news. Four more years!”

http://www.gopusa.com/commentary/2012/05/10/elder-obama-loving-media-spin-the-economy/?subscriber=1

NPR receives 4 Orwells.

The Washington Post received 4 Orwells yesterday for their ongoing inaccurate and biased reporting.

https://citizenwells.wordpress.com/2012/05/09/washington-post-misrepresents-labor-force-participation-rate-unemployment-rate-blamed-on-baby-boomers-selective-quoting-post-receives-4-orwells/

 

Washington Post misrepresents Labor Force Participation Rate, Unemployment rate blamed on Baby Boomers, Selective quoting, Post receives 4 Orwells

Washington Post misrepresents Labor Force Participation Rate, Unemployment rate blamed on Baby Boomers, Selective quoting, Post receives 4 Orwells

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

“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984”

“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″

The Washington Post on May 4, 2012 posted a very misleading article titled “The incredible shrinking labor force.” Is this another example of sloppy or biased journalism or both?

First the graph they presented with a source given of Bureau of Labor Statistics.

The verbage in the top right corner looked suspicious, “As the most recent recession hits the workforce, larger numbers of baby boomers begin to retire.” Yesterday I called the Bureau of Labor Statistics and discovered that they had not placed those words there. It was the work of the Washington Post.

So why did the Post superimpose that wording about baby boomers on the graph?

From the article.

“In April, the U.S. economy added a mere 115,000 jobs, according to Bureau of Labor Statistics data released Friday. In a normal month, that would not even be enough to keep up with new entrants into the labor market. But in this economy, it was enough to drive unemployment from 8.2 percent down to 8.1 percent, the lowest point since January 2009.

The explanation is a little-watched measure known as the “labor force participation rate.” That tracks the number of working-age Americans who are holding a job or looking for one. Between March and April, it dropped by 342,000. But because the official unemployment rate counts only those workers who are actively seeking work, that actually made the unemployment rate go down.

Critics of the Obama administration have been quick to seize on this as the real reason for the falling unemployment rate. In February, the Republican National Committee released a research note on “The Missing Worker,” arguing that “over 3 million unemployed workers have called it quits due to Obamanomics.”

Economists say the story is considerably more complicated. For one thing, the trend predates President Obama. And while part of the story is clearly that the labor force is shrinking because the bad economy is driving workers out, another significant factor is that baby boomers are beginning to retire early — a trend that has worrying implications for future growth.”
“But a number of economists are arguing that the recession is distracting people from the real story — long-run demographic trends that have nothing to do with the current economy. Baby boomers are starting to retire en masse, which means that there are fewer eligible American workers.”

“But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.”

“But the other 65 percent are people who have left the labor force and do not want a job. The biggest chunk of that group seems to be composed of baby boomers, those 55 and older, who have decided to retire early.”

http://www.washingtonpost.com/blogs/ezra-klein/post/the-incredible-shrinking-labor-force/2012/05/04/gIQANXAy1T_blog.html?hpid=z1

There are some truths, half truths and lies mixed together in this article. Apparently the government does expect the aging baby boomers to impact job numbers more by 2020.

However, the article was crafted to give the impression that baby boomers are a big reason for the declining Labor Force Participation Rate now.

Two government sources reveal that is false.

From the Congressional Budget Office January 2012.

“Participation in the Labor Force. The unemployment rate would be even higher than it is now had participation in the labor force not declined as much as it has over the past few years. The rate of participation in the labor force fell from 66 percent in 2007 to an average of 64 percent in the second half of 2011, an unusually large decline over so short a time. About a third of that decline reflects factors other than the downturn, such as the aging of the baby-boom generation. But even with those factors removed, the estimated decline in that rate during the past four years is larger than has been typical of past
downturns, even after accounting for the greater severity of this downturn. Had that portion of the decline in the labor force participation rate since 2007 that is attributable to neither the aging of the baby boomers nor the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percent.”

http://www.cbo.gov/sites/default/files/cbofiles/attachments/01-31-2012_Outlook.pdf

From the Bureau of Labor Statistics January 2012.

Monthly Labor Review, Employment Outlook 2012 – 2012.

“In contrast to the factors exerting downward pressure on labor force participation rates, at least two factors have been responsible for strengthening the rates, although not enough to offset the factors pulling them down:

The labor force participation rate of the 55-years-and-older age group has increased considerably since 1996. In 2000, the rate was 32.4 percent; a decade later, in 2010, it had risen significantly, to 40.2 percent. (See table 3.) BLS projects that the labor force participation rate of those 55 years and older will reach 43.0 percent in 2020. The continued gradual increase in the labor force participation rate of this age group, multiplied by the sheer number of baby boomers in the group, is expected to partially compensate for the multiple other factors pushing the rate to lower levels and is expected to keep it from declining even further in the future.”

http://www.bls.gov/opub/mlr/2012/01/mlr201201.pdf

For this sloppy and/or misleading article, the Washington Post receives 4 Orwells.

Obama jobs added and unemployment rate truth, Labor force participation plummeted, Skews unemployement rate, Historic drop in labor force, Orwellian spin continues

Obama jobs added and unemployment rate truth, Labor force participation plummeted, Skews unemployement rate, Historic drop in labor force, Orwellian spin continues

“The unemployment rate would be even higher than it is now had participation in the labor force not declined as much as it has over the past few years. The rate of participation in the labor force fell from 66 percent in 2007 to an average of 64 percent in the second half of 2011, an unusually large decline over so short a time. About a third of that decline reflects factors other than the downturn, such as the aging of the baby-boom generation.

But even with those factors removed, the estimated decline in that rate during the past four years is larger than has been typical of past downturns, even after accounting for the greater severity of this downturn. Had that portion of the decline in the labor force participation rate since 2007 that is attributable to neither the aging of the baby boomers nor the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percent.”…Congressional Budget Office

“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″

“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″

With my math and computer science background and awareness of Orwellian wordsmithing by the Obama camp, I couldn’t help but notice what is going on with jobs and unemployment reporting. Another huge clue has been the emphasis from the mainstream media, i.e., “The lady doth protest too much me thinkst.”

Obama continues to tout the jobs being created without ackowledging the jobs lost. However, the biggest bit of Orwellian spin is referencing a drop in the unemployment rate and ignoring a historic drop in the labor force participation rate.

From the Bureau of Labor Statistics May 4, 2012.

“Both the number of unemployed persons (12.5 million) and the unemployment
rate (8.1 percent) changed little in April.”
“The civilian labor force participation rate declined in April to 63.6 percent,
while the employment-population ratio, at 58.4 percent, changed little.”

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

A labor force participation rate of 63.6 percent is significant.

Reported at Citizen Wells on April 26, 2012.

Labor force participation: The share of adults in the labor force — either looking or working — has dropped 3% — also highly unusual in a recovery. At 63.7%,
labor force participation is at a low not seen since the middle of the very deep 1981-82 recession, when fewer women were in the work force. A lower
participation rate makes the unemployment rate look better.

https://citizenwells.wordpress.com/2012/04/26/obama-and-democrats-created-high-unemployment-and-blame-bush-and-others-obama-inherited-2-years-of-a-democrat-controlled-congress-unemployemt-and-gas-prices-began-climb-in-jan-2007/

The labor force participation rate was 66 percent in 2007 when the Democrats took control of Congress.

From the Federal Reserve Bank of San Francisco November 2, 2007.

“the current consensus forecast among government agencies is that labor force participation will level off at around 66% and stay flat for the foreseeable future.”

http://www.frbsf.org/publications/economics/letter/2007/el2007-33.html

The labor force participation is 63.6 percent!

And jobs added, that is net jobs added.

Set your Orwell decoder ring to the proper settings.

From the Washington Post September 7, 2011.

http://www.washingtonpost.com/business/economy/jobs-lost-jobs-gained/2011/09/07/gIQA1ZlYAK_graphic.html

 

Unemployment May 4, 2012, Unemployment claims revised upward, 4 week moving average 383500, April private sector jobs plummeted, Real unemployment rate?

Unemployment May 4, 2012, Unemployment claims revised upward, 4 week moving average 383500, April private sector jobs plummeted, Real unemployment rate?

“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”

“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″

The stated unemployment rate is 8.1%.

What is the real unemployment rate?

Further analysis of this is forthcoming.

Here is what we know:

Unemployment claims get reported and then revised upward. The recent report was changed to 392,000 from the prior week’s reported 388,000.

The 4 week moving average has gone up the past several weeks. It is now 383,500.

Private sector employment increased by 119,000 jobs in April instead of the forecasted 170,000.

Many individuals, discouraged by the dismal jobs picture, have left the job market.

What ever the stated unemployment rate is, the real unemployment rate is significantly higher.

High school and college graduates, about to enter the full time job market, face dismal prospects. Though they have been counted by the Labor Department (I just verified this), they will still add millions to those seeking full time employment.

“Federal Reserve Chairman Ben Bernanke and his fellow policymakers at the central bank have expressed worry that the employment picture ahead is likely to be weak”…CNBC May 2, 2012.

Rush Limbaugh continues to state that the unemployment rate will be manipulated to benefit Obama. Anything over 8 % is considered lethal to his reelection.

ADP private sector employment well below forecasts, 119000 vs 170000 forecast, March number revised downward, Friday payroll and employment rate may be worse than expected

ADP private sector employment well below forecasts, 119000 vs 170000 forecast, March number revised downward, Friday payroll and employment rate may be worse than expected

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

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

“New, more-accurate estimates show North Carolina’s unemployment rate stayed above 10 percent throughout 2011, falling to 10.2 percent in January in a key election battleground state, the state Commerce Department reported today.”…Greensboro News Record March 14, 2012

From CNBC May 2, 2012.

“Private Sector Adds Just 119,000 Jobs in April: ADP”

“Private-sector employment increased by just 119,000 in April, according a report from ADP that puts a dent into the notion that the jobs market is on the path to a solid recovery.

The report was well below forecasts of 170,000 and comes after a string of stronger numbers.

ADP said service-sector jobs rose by 123,000, but construction fell by 5,000, falling for the first time since September 2011. Manufacturing also lost 5,000, while goods-producing dropped 4,000. Financial services added 13,000 jobs.

The March number was revised downward from 209,000 to 201,000, according to the report, which is done in conjunction with Macroeconomic Advisors.”

“The ADP, then, could be a signal that the payrolls report and the accompanying unemployment rate , due this Friday, could be worse than the expected 168,000. March’s Bureau of Labor Statistics number also was soft, coming in at just 120,000. The report comes as weekly jobless claims have been on a steady trek higher as well.

At the same time, Federal Reserve Chairman Ben Bernanke and his fellow policymakers at the central bank have expressed worry that the employment picture ahead is likely to be weak.

“Today’s miss on the ADP number confirms a broader slowdown in activity more in-line with what the ISM regional data showed earlier in the week and corroborating Bernanke’s hypothesis that the fourth-quarter labor market improvement represented a snapback and that the journey out of the financial crisis is likely to remain arduous,” said Andrew Wilkinson, chief economic strategist at Miller Tabak in New York.

“That in turn requires the Fed to keep its shoulder to the wheel and maintain downwards pressure on yields and the balance sheet wider than the Grand Canyon,” he added.

Carlos Rodriguez, president of ADP, said the April numbers are consistent with the first-quarter gross domestic product growth of 2.2 percent, which also was well below economists’ projections and primarily reflected a cutback in government spending.”

http://www.cnbc.com/id/47260289

 

Obama and Democrats created high unemployment and blame Bush and others, Obama inherited 2 years of a Democrat controlled Congress, Unemployment and gas prices began climb in Jan 2007

Obama and Democrats created high unemployment and blame Bush and others, Obama inherited 2 years of a Democrat controlled Congress, Unemployment and gas prices began climb in Jan 2007

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

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America’s debt.”…Barack Obama

“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″

The catalyst for this article came several days ago after a brief conversation with a young college student. It is my understanding that this young man is not a Obama supporter. However he believed that unemployment had gone down since Obama took office. I enlightened him.

Citizen Wells began quoting George Orwell early in 2008 for a reason. Obama, in concert with the mainstream media, has been telling non stop lies. One of the constant themes of lies has to do with the Obama stimulus bill and job creation and unemployment.

There has been much debate about whether or not Obama promised that the stimulus bill would keep unemployment at a maximum of 8 percent or not. It does not matter. Obama stated that the stimulus would save and create jobs and the following graph from a report prepared by Christina Romer and Jared Bernstein shows unemployment staying below 8 percent with the implementation of Obama’s stimulus bill.

The Washington Post has more on this.

http://www.washingtonpost.com/wp-srv/special/business/unemployment-predictions/

From Investors Business Daily February 17, 2012.

“Obama Stimulus Turns Three: What Has It Achieved?”

“Without any fanfare whatsoever from the White House, February 17 marks the three-year anniversary of the day President Obama signed the much ballyhooed stimulus into law.

At the time, Obama claimed that it would “create or save” up to 3.5 million jobs, and that “a new wave of innovation, activity and construction will be unleashed across America.” The stimulus, would, he promised””ignite spending by businesses and consumers” and bring “real and lasting change for generations to come.”

So three years later, how do the stimulus results stack up? Here’s where various indicators stood in or around February 2009, and where they stand today.

Unemployment rate: The jobless rate is unchanged from February 2009 to January 2012, the latest month for which we have data. Both stood at 8.3%, according to the Bureau of Labor Statistics. Obama’s economists had initially predicted that with the stimulus, unemployment would stay below 8%.

Number of long-term unemployed: The number of workers who have been unable to find a job in 27 months or more has shot up 83%, with their ranks now at 5.5 million.

Civilian labor force: It has shrunk by 126,000. In past recoveries, the labor force climbed an average of more than 3 million over comparable time periods.

Labor force participation: The share of adults in the labor force — either looking or working — has dropped 3% — also highly unusual in a recovery. At 63.7%, labor force participation is at a low not seen since the middle of the very deep 1981-82 recession, when fewer women were in the work force. A lower participation rate makes the unemployment rate look better.

Household income: Median annual household income is about 7% below where it was in February 2009, according to the Sentier Research Household Income Index.

National debt: Up $4.5 trillion, or 41%, according to the Treasury Department’s monthly reports. The latest Treasury figures put the national debt at $15.4 trillion, larger than the entire U.S. economy.

Deficits: The deficit for fiscal year 2009 totaled $1.4 trillion. The Obama administration’s proposed deficit for 2012 is $1.3 trillion, which would mark the fourth year of deficits topping $1 trillion.

Gross Domestic Product: Real GDP has climbed just 6% between Q1 2009 and Q4 2011, according to the Bureau of Economic Analysis.

Spending by consumers and businesses: Personal consumption has managed to climb 10% in the past three years, according to the BEA, but companies continue to hoard cash, with cash on hand up 27% since Q1 2009, according to the Federal Reserve Bank.

Stimulus price tag: The original estimate for the cost of the stimulus was $787 billion. Now the Congressional Budget Office says that, when all is said and done, it will have cost$825 billion .

Perhaps the best measure of the success or failure of the stimulus, however, is the fact that President Obama in his latest budget plan has called for still another round of stimulus spending, this time totaling $350 billion over the next four years, for what is labeled “short-term measures for jobs growth.””

http://news.investors.com/article/601526/201202171525/obama-economic-stimulus-turns-three.htm

The Democrats took control of Congress in January 2007. Obviously Obama inherited the damage they inflicted on the economy and made it worse.

US unemployment data, from the federal government, Jan. 2007 to Jan. 2012.

More details here.

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

Obama Campaign Backers and Bundlers Rewarded With Green Grants and Loans, David Wilhelm Jonathan Silver et al, Obama Quid Pro Quo equals Chicago pay to play

Obama Campaign Backers and Bundlers Rewarded With Green Grants and Loans, David Wilhelm Jonathan Silver et al, Obama Quid Pro Quo equals Chicago pay to play

“Why has David Wilhelm supported and protected Obama?”…Citizen Wells
“Why was Turning Point Solar, David Wilhelm’s venture, given federal loan guarantees?”…Citizen Wells


“Why were David Wilhelm and Barack Obama not prosecuted for their Operation Board Games involvement?…Citizen Wells

Recently, Patrick J. Kennedy referred to the attention Obama fundraisers received at the White House as Quid Pro Quo. This is another name for Chicago Pay to Play politics.

Obama’s pay to play energy policy, a carryover from his long time Chicago pay to play schemes is far more damaging to this country than the immediate negative economic impact of wasted taxpayer dollars. Obama’s selfish machinations work against legitimate energy initiatives and taint legitimate endeavors that can be implemented in the future. In other words, all green energy initiatives will be guilty by association.

From Citizen Wells April 13, 2012.

“According to Rep. Rahm Emanuel, D-Ill., Mr. Obama’s incoming White House chief of staff, Emanuel, then-state senator Obama, a third Blagojevich aide, and Blagojevich’s campaign co-chair, David Wilhelm, were the top strategists of Blagojevich’s 2002 gubernatorial victory.

Emanuel told the New Yorker earlier this year that he and Obama “participated in a small group that met weekly when Rod was running for governor. We basically laid out the general election, Barack and I and these two.”
“The man who served as national manager of former President Clinton’s 1992 campaign endorsed Sen. Barack Obama on Wednesday.
David Wilhelm, who led the campaign and later became chairman of the Democratic National Committee, said Obama had the unique ability to encourage cooperation as a 65-percent president after the divisive years of a 51-percent majority. He was referring to the notion that Obama could govern the country with the support of a large coalition, as opposed to more polarized support for President Bush.

Wilhelm is a superdelegate who was previously uncommitted in the race. His endorsement helps Obama in the delegate race, in which he pulled ahead after Tuesday’s sweeps of primaries in Virginia, Maryland and the District of Columbia.”

“Persuading superdelegates to back Obama will be a crucial role for Wilhelm in the Obama campaign, he said.”

“Huge solar panel farm coming to southeast Ohio”

“The field will be built and owned by Turning Point Solar LLC, a joint venture of New Harvest Ventures of Ohio and Agile Energy LLC of California.

The cost of the solar field will be about $250 million, said David Wilhelm, a principal in New Harvest. The project will depend on state and federal tax credits, federal loan guarantees and a state advanced energy grant.”

https://citizenwells.wordpress.com/2012/04/13/obama-david-wilhelm-pay-to-play-politics-history-wilhelm-obama-blagojevich-clinton-ties-obama-and-wilhelm-played-and-escaped-prosecution/

David Wilhelm is one of many Obama Cronies to be rewarded.

From The Daily Beast Nov 12, 2011.

“Obama Campaign Backers and Bundlers Rewarded With Green Grants and Loans”

“When President-elect Obama came to Washington in late 2008, he was outspoken about the need for an economic stimulus to revive a struggling economy. He wanted billions of dollars spent on “shovel-ready projects” to build roads; billions more for developing alternative-energy projects; and additional billions for expanding broadband Internet access and creating a “smart grid” for energy consumption. After he was sworn in as president, he proclaimed that taxpayer money would assuredly not be doled out to political friends. “Decisions about how Recovery Act dollars are spent will be based on the merits,” he said, referring to the American Recovery and Reinvestment Act of 2009. “Let me repeat that: decisions about how recovery money will be spent will be based on the merits. They will not be made as a way of doing favors for lobbyists.”

Really?

It would take an entire book to analyze every single grant and government-backed loan doled out since Barack Obama became president. But an examination of grants and guaranteed loans offered by just one stimulus program run by the Department of Energy, for alternative-energy projects, is stunning. The so-called 1705 Loan Guarantee Program and the 1603 Grant Program channeled billions of dollars to all sorts of energy companies. The grants were earmarked for alternative-fuel and green-power projects, so it would not be a surprise to learn that those industries were led by liberals. Furthermore, these were highly competitive grant and loan programs—not usually a hallmark of cronyism. Often fewer than 10 percent of applicants were deemed worthy.

Nevertheless, a large proportion of the winners were companies with Obama-campaign connections. Indeed, at least 10 members of Obama’s finance committee and more than a dozen of his campaign bundlers were big winners in getting your money. At the same time, several politicians who supported Obama managed to strike gold by launching alternative-energy companies and obtaining grants. How much did they get? According to the Department of Energy’s own numbers … a lot. In the 1705 government-backed-loan program, for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers—individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party. The grant and guaranteed-loan recipients were early backers of Obama before he ran for president, people who continued to give to his campaigns and exclusively to the Democratic Party in the years leading up to 2008. Their political largesse is probably the best investment they ever made in alternative energy. It brought them returns many times over.

These government grants and loan guarantees not only provided access to taxpayer capital. They also served as a seal of approval from the federal government. Taxpayer money creates what investors call a “halo effect,” in which a young, unprofitable company is suddenly seen to have a glowing future. The plan is simple. Invest some money, secure taxpayer grants and loans, go public, and then cash out. In just one small example, a company called Amyris Biotechnologies received a $24 million DOE grant to build a pilot plant to use altered yeast to turn sugar into hydrocarbons. The investors included several Obama bundlers and fundraisers. With federal money in hand, Amyris went public with an IPO the following year, raising $85 million. Kleiner Perkins, a firm that boasts Obama financier John Doerr and former vice president Al Gore as partners, found its $16 million investment was now worth $69 million. It’s not clear how the other investors did. Amyris continues to lose money. Meanwhile, the $24 million grant created 40 jobs, according to the government website recovery.gov.

One might think that the Department of Energy’s Loan Program Office, which has doled out billions in taxpayer-guaranteed loans, would be directed by a dedicated scientist or engineer. Or perhaps a civil servant with considerable financial knowledge. Instead, the department’s loan and grant programs are run by partisans who were responsible for raising money during the Obama campaign from the same people who later came to seek government loans and grants. Steve Spinner, who served on the Obama campaign’s National Finance Committee and was a bundler himself, was the campaign’s “liaison to Silicon Valley.” His responsibilities included fundraising, recruiting more bundlers, and managing Obama’s relationship with a cadre of very wealthy donors. After the 2008 campaign, Spinner joined the Department of Energy as the “chief strategic operations officer” for the loan programs. A lot of the money he helped hand out went to that same cadre of wealthy Silicon Valley campaign donors. He also sat on the White House Business Council, which is made up of Obama-supporting corporate executives.

Another Obama fundraiser positioned to lead the allocation of taxpayer money to Obama contributors was Sanjay Wagle, who served as the managing co-chairman of Cleantech & Green Business Leaders for Obama. Wagle’s day job was as a principal at VantagePoint Venture Partners. After the 2008 election, Wagle joined the Obama administration as a “renewable energy grants adviser” at the Department of Energy. VantagePoint owned firms that would later see federal loan guarantees roll in.

Jonathan Silver, who would serve as director of the loan programs, had worked in the Clinton administration, first as counselor to the secretary of the interior and later as assistant deputy secretary in the Department of Commerce. Silver’s wife has served as financial director of the Democratic Leadership Council. His business partner, Tom Wheeler, was an Obama bundler, and Wheeler’s wife was an outreach coordinator for the campaign. Silver’s “strategic adviser” was Steve Spinner.

The grants themselves originated in the office of Cathy Zoi, who served as the assistant secretary of energy for efficiency and renewable energy. (Wagle was her adviser.) Zoi had previously worked in the Clinton White House as the chief of staff on environmental policy, then as the CEO of Al Gore’s Alliance for Climate Protection. You may be thinking, “So what? Why would we expect anything less of political appointees?” But the numbers don’t lie: the recipients of loans and grants were, overwhelmingly, Obama cronies.

The Government Accountability Office has been highly critical of the way guaranteed loans and grants were doled out by the Department of Energy, complaining that the process appears “arbitrary” and lacks transparency. In March 2011, for example, the GAO examined the first 18 loans that were approved and found that none were properly documented. It also noted that officials “did not always record the results of analysis” of these applications. A loan program for electric cars, for example, “lacks performance measures.” No notes were kept during the review process, so it is difficult to determine how loan decisions were made. The GAO further declared that the Department of Energy “had treated applicants inconsistently in the application review process, favoring some applicants and disadvantaging others.” The Department of Energy’s inspector general, Gregory Friedman, who was not a political appointee, chastised the alternative-energy loan and grant programs for their absence of “sufficient transparency and accountability.” He has testified that contracts have been steered to “friends and family.”

Friends indeed. These programs might be the greatest—and most expensive—example of crony capitalism in American history. Tens of billions of dollars went to firms controlled or owned by fundraisers, bundlers, and political allies, many of whom—surprise!—are now raising money for Obama again.”

http://www.thedailybeast.com/newsweek/2011/11/13/how-obama-s-alternative-energy-programs-became-green-graft.html

Pope Benedict to retire soon?, April 16, 2012 birthday, Pope Benedict XVI turns 85, Saint Malachy prophecy last pope next, Destruction of Rome

Pope Benedict to retire soon?, April 16, 2012 birthday, Pope Benedict XVI turns 85, Saint Malachy prophecy last pope next, Destruction of Rome

“In the final persecution of the Holy Roman Church there will reign Peter the Roman, who will feed his flock amid many tribulations, after which the seven-hilled city will be destroyed and the dreadful Judge will judge the people. The End.”…Saint Malachy

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

From The Raiders News Network April 5, 2012.

“Prophecy Has Catholics and Protestants Watching Pope Benedict in April”

“As April 16th looms, speculation is mounting concerning the possible post-birthday retirement of Pope Benedict XVI. These speculations are fueled by statements last year from Italian media personality journalist and Vatican insider, Antonio Socci, who wrote in The Times of London, “In short: the Pope does not discard the possibility of resigning when he reaches 85 in April next year.”[i]

Benedict was 78 when appointed pope in April of 2005 and was quoted then as having preferred a peaceful retirement, “At a certain point, I prayed to God ‘please don’t do this to me’…Evidently, this time He didn’t listen to me.”[ii] Even more, in his book, Pope Benedict XVI Light of the World, when asked if he thought it appropriate for a pope to retire he responded, “If a pope clearly realizes that he is no longer physically, psychologically and spiritually capable of handling the duties of his office, then he has a right and, under some circumstances, also an obligation to resign.”[iii] This widely reported predisposition adds credence to recent rumors.

While official sources assert his recent trip to Cuba as evidence of his ongoing vitality, a December 2011 Associated Press story from Vatican City asserted, “Pope Benedict XVI seems worn out.”

The internet and Bible prophecy community have been buzzing due to an ancient prophecy attributed to Saint Malachy which predicted some 112 popes culminating in the destruction of Rome, Benedict being next to last. Adding fuel to the fire are assertions from a soon to be released book titled after the predicted last pope concerning a cryptic cipher published by a Belgian Jesuit back in 1951.

Bestselling author, Thomas Horn (Apollyon Rising, Forbidden Gates), has teamed up with a Christian apologist and author Cris Putnam (Pandemonium’s Engine) in the soon to be released book, Petrus Romanus, which explores the intricacies of the Malachy prophecy and the potential role of the pope in biblical prophecy. According to the blog promoting the soon to be released book, the deceased Jesuit priest and codebreaker, René Thibaut, decoded 2012 explicitly as the year for the final conclave. According to calculations at Putnam’s website the date coincides with the recent rumors.

While some Catholic scholars are divided on the Prophecy of the Popes, John Lupia Ph.D. at Roman Catholic News has deemed it genuine. Loyal Catholics are likely incredulous due to Rome’s predicted doom during the next pontificate. This foretold apocalyptic demise has Protestants like Hal Lindsey and Jack Van Impe speculating that the “rapture” of the church — a time when true believers will be caught away into the heavens and saved from great tribulation — will occur very soon. For believers in the rapture, this seems all the more exhilarating amidst the numerous 2012 predictions.

Other Protestants see a remarkable potential that the predicted final pope may personify the false prophet predicted in the Book of Revelation in chapter 13 verses 11 onward. That end-time figure is said to appear as a lamb, a Christian, yet speak like a dragon pointing to the same book’s symbol for Satan. Prophetic commentators have been quick to point out recent Vatican statements calling for an increased role for the United Nations and a world financial authority. While many Catholic faithful are incensed by the insinuation that the next pontiff is the predicted second beast, it is not without precedent. In addition to respected Catholic seers down through time who predicted Rome would become the seat of the Antichrist, Pope Benedict himself, while still a Cardinal, shocked the Catholic community when he confessed that he did not think the Holy Spirit was necessarily involved in the conclave that elects popes. When asked on Bavarian television in 1997 if the Holy Spirit is responsible for who gets elected pope, Cardinal Ratzinger responded, “I would not say so, in the sense that the Holy Spirit picks out the pope. … There are too many contrary instances of popes the Holy Spirit would obviously not have picked.”[iv]

Cardinal Ratzinger’s startling admission seems at odds with the traditional dogma of papal succession all the way back to Jesus’ disciple Peter and inadvertently lends credence to the election of a false prophet.

The Vatican has done little to silence the building buzz concerning the next pope and Malachy prophecy. Ratzinger also created a stir when he chose the name “Benedict” seeming to intentionally fulfill the Malachy prophecy’s characterization of him as the “glory of the Olive” (the Benedictine order is symbolized by an Olive branch). With the recent rumors concerning the pope’s soon retirement, this begs the question of whether the Vatican is intentionally fulfilling the Malachy predictions and setting the stage for the coming of Petrus Romanus.”

http://www.raidersnewsupdate.com/pope-retire.htm

Saint Malachy Prophecy.

http://www.catholic-pages.com/grabbag/malachy.asp

Obama statements on capitalism echoed by Occupy movement and 1984, Obama Hyde Park Citizen 1995 interview, Income inequality, Orwellian lies

Obama statements on capitalism echoed by Occupy movement and 1984, Obama Hyde Park Citizen 1995 interview, Income inequality, Orwellian lies

“The road to hell is paved with good intentions.”...Karl Marx

“all animals are created equal, but some animals are more equal than others.”…George Orwell, “Animal Farm”

“I think when you spread the wealth around it’s good for everybody.”…Barack Obama

“The past, he reflected, had not merely been altered, it had
actually been destroyed. For how could you establish, even
the most obvious fact when there existed no record outside
your own memory?”…George Orwell, “1984″

From reading some of the “occupy” comments some of them appear to be in favor of a more pure Democracy such as in Switzerland. Switzerland is a much smaller, more homogenous society and it seems to work there, although one of my friends from Switzerland points out that referendums can be called for any reason and often are. Some form of capitalism is the only approach to have ever been successful in the long term. Examples of failed socialist societies are plentiful. Even Communist China is embracing capitalism. It just makes sense. You work hard and reap the fruits of your labor.

Excessive government control is the problem.

Capitalism is not the problem. It is what built this country and made it great. It is also what enabled us to help save the world from Nazi domination.

Here is how Obama’s view on capitalism emerged and why so many of his followers are anti capitalism.

From Breitbart March 21, 2012.
“In a newly-uncovered interview from the Hyde Park Citizen newspaper circa December 28, 1995, Barack Obama explains his philosophy on income inequality in the United States, especially in light of economic difficulties:

In an environment of scarcity, where the cost of living is rising, folks begin to get angry and bitter and look for scapegoats. Historically, instead of looking at the top 5% of this country that controls all the wealth, we turn towards each other, and the Republicans have added to the fire.

In that interview, Obama explains that his perspective on the “top 5%” was shaped by his experiences abroad:

It’s about power. My travels made me sensitive to the plight of those without power and the issues of class and inequalities as it relates to wealth and power. Anytime you have been overseas in these so-called third world countries, one thing you see is the vast disparity of wealth of those who are part of power structure and those outside of it.

These comments are reminiscent of both the most radical Occupy Wall Street rhetoric and Obama’s infamous comments in San Francisco in April 2008 in which he stated that Americans suffering difficult economic times “get bitter” and “cling to guns or religion or antipathy to people who aren’t like them.””

http://www.breitbart.com/Big-Government/2012/03/21/Obama-Scapegoat-Five-Percent?utm_source=e_breitbart_com&utm_medium=email&utm_content=Breitbart+News+Round+Up%2C+March+22%2C+2012&utm_campaign=Breitbart+News+Round+Up%2C+March+22%2C+2012&utm_term=More

From the Occupy Wall Street website:

“The right-wingers often talk about Capitalism being a system of “voluntary agreements” in which all people enjoy the fruits of their labor. Well this couldn’t be further from the truth.

Now, I touched upon the “fruits of one’s labor”- issue in the article “The Free Ride Society”, arguing that these “fruits” aren’t measurable and that we all get much more from society compared to what we contribute ourselves. Another thing that should be addressed in this regard is the issue of exploitation.

One of the hallmarks of capitalism is that the means of production are privately owned by some individuals, while others do not have this ownership. In other words, some own the means of production others are using. So it’s a system in which the ones using the means of production must sell their labor to these owners in order to have a decent life. The owners can then make a profit from other people’s work by just owning. This happens when the value of the worker’s pay is less than the value that was added thru his/her work in the paid hours. That creates a profit for the owner of the means of production who did not create the value, but still gets paid in the form of profit. This profit is hence capital for future investments and more profits. So, the capitalist is making money simply by just owning, not adding or creating value. Since a capitalist economy is based on the need for growth and profits for the investors and owners, this method of exploitation – profiting on other people’s work – is of course used by more or less all of them. This exploitation is in other words just a logical result caused by the capitalist system. And we see this all over the place, from poor indonesian girls working in Nike factories for 50 cents an hour, to people in America working for minimum wage for companies whose profits are skyrocketing.

http://johnpilger.com/videos/the-new-rulers-of-the-world

Now, the agreements taking place in this kind of system are of course far from being voluntary. In a capitalist / state-capitalist class society, you have some people with huge wealth and recourses – which on the national and global level are very highly concentrated – and others with very few or no wealth and resources. It is of course meaningless to talk about “voluntary agreements” in such a society, because the ones owning the recourses, the wealth and the means of production etc, have much more power in society. That includes of course that they have the advantage and overwhelming power in a job hiring, negotiations etc. So the non-owners – the workers – are trapped in a society in which they, in order to have a decent life or necessities in order to survive, must sell their labor to people who have much more power than they. This has very little to do with voluntary agreements, rather it’s submission to necessities.

So in reality we have a system in which some people, because of their wealth and ownership, have an overwhelming power in society, including in the labor marked. The owners, the employers, then have much more influence and power when contracts and agreements are being made, whether it’s in relation to working conditions, salaries etc.

This is intolerable. This exploitative unjust system must be dismantled and replaced with democracy in which the people are in control of their own lives, work and community.”

http://occupywallst.org/forum/capitalism-exploitation-and-involuntary-agreements/

Citizen Wells began warning in 2008 that the Obama camp and far left were employing tactics reminiscent of “1984” by George Orwell.

Another example from Orwell:

“But in among all this terrible poverty there were just a few great big beautiful houses that were lived in by rich men who had as many as thirty servants to look after them. These rich men were called capitalists. They were fat, ugly men with wicked faces, like the one in the picture on the opposite page. You can see that he is dressed in a long black coat which was called a frock coat, and a queer, shiny hat shaped like a stovepipe, which was called a top hat. This was the uniform of the capitalists, and no one else was allowed to wear it. The capitalists owned everything in the world, and everyone else was their slave. They owned all the land, all the houses, all the factories, and all the money. If anyone disobeyed them they could throw them into prison, or they could take his job away and starve him to death. When any ordinary person spoke to a capitalist he had to cringe and bow to him, and take off his cap and address him as ‘Sir’. The chief of all the capitalists was called the King, and —

But he knew the rest of the catalogue. There would be mention of the bishops in their lawn sleeves, the judges in their ermine robes, the pillory, the stocks, the treadmill, the cat-o’-nine tails, the Lord Mayor’s Banquet, and the practice of kissing the Pope’s toe. There was also something called the jus primae noctis, which would probably not be mentioned in a textbook for children. It was the law by which every capitalist had the right to sleep with any woman working in one of his factories.

How could you tell how much of it was lies? It might be true that the average human being was better off now than he had been before the Revolution. The only evidence to the contrary was the mute protest in your own bones, the instinctive feeling that the conditions you lived in were intolerable and that at some other time they must have been different.”

“He reached down and scratched his ankle again. Day and night the telescreens bruised your ears with statistics proving that people today had more food, more clothes, better houses, better recreations — that they lived longer, worked shorter hours, were bigger, healthier, stronger, happier, more intelligent, better educated, than the people of fifty years ago. Not a word of it could ever be proved or disproved. The Party claimed, for example, that today 40 per cent of adult proles were literate: before the Revolution, it was said, the number had only been 15 per cent. The Party claimed that the infant mortality rate was now only 160 per thousand, whereas before the Revolution it had been 300 — and so it went on. It was like a single equation with two unknowns. It might very well be that literally every word in the history books, even the things that one accepted without question, was pure fantasy. For all he knew there might never have been any such law as the jus primae noctis, or any such creature as a capitalist, or any such garment as a top hat.”

From the Occupy quote above:

“The right-wingers often talk about Capitalism being a system of “voluntary agreements” in which all people enjoy the fruits of their labor. Well this couldn’t be further from the truth.”

The actual truth is that left wingers in this country are the big government, anti capitalism proponents. They want to take from you and your hard work and give it to someone else.