Category Archives: Obama taxes

Pravda Obama reelected by illiterate society, Ready to continue his lies of less taxes while he raises them, Liberalism is a psychosis, Bye bye Miss American Pie

Posted on November 26, 2012 | 33 comments

Pravda Obama reelected by illiterate society, Ready to continue his lies of less taxes while he raises them, Liberalism is a psychosis, Bye bye Miss American Pie

“And, as I watched him on the stage my hands were clenched in fists of rage.
No angel born in Hell could break that Satan’s spell
And, as the flames climbed high into the night to light the sacrificial rite, I saw…
Satan laughing with delight the day the music died”…Don McLean “American Pie”

“Nobody who makes under $200,000 a year will see their taxes go up as long as I’m president.”…Barack Obama

“I absolutely reject that notion [mandate is a tax].”…Barack Obama

From Pravda November 19, 2012.

“Putin in 2009 outlined his strategy for economic success. Alas, poor Obama did the opposite but nevertheless was re-elected. Bye, bye Miss American Pie. The Communists have won in America with Obama but failed miserably in Russia with Zyuganovwho only received 17% of the vote. Vladimir Putin was re-elected as President keeping the NWO order out of Russia while America continues to repeat the Soviet mistake.

After Obama was elected in his first term as president the then Prime Minister of Russia, Vladimir Putin gave a speech at the World Economic Forum in Davos, Switzerland in January of 2009. Ignored by the West as usual, Putin gave insightful and helpful advice to help the world economy and saying the world should avoid the Soviet mistake.

Recently, Obama has been re-elected for a 2nd term by an illiterate society and he is ready to continue his lies of less taxes while he raises them. He gives speeches of peace and love in the world while he promotes wars as he did in Egypt, Libya and Syria. He plans his next war is with Iran as he fires or demotes his generals who get in the way.

Putin said regarding the military,

“…instead of solving the problem, militarization pushes it to a deeper level. It draws away from the economy immense financial and material resources, which could have been used much more efficiently elsewhere.”

Well, any normal individual understands that as true but liberalism is a psychosis . O’bomber even keeps the war going along the Mexican border with projects like “fast and furious” and there is still no sign of ending it.  He is a Communist without question promoting the Communist Manifesto without calling it so. How shrewd he is in America. His cult of personality mesmerizes those who cannot go beyond their ignorance. They will continue to follow him like those fools who still praise Lenin and Stalin in Russia.  Obama’s fools and Stalin’s fools share the same drink of illusion.

Reading Putin’s speech without knowing the author, one would think it was written by Reagan or another conservative in America. The speech promotes smaller government and less taxes. It comes as no surprise to those who know Putin as a conservative. Vladimir Putin went on to say:

“…we are reducing taxes on production, investing money in the economy. We are optimizing state expenses.

 The second possible mistake would be excessive interference into the economic life of the country and the absolute faith into the all-mightiness of the state.

There are no grounds to suggest that by putting the responsibility over to the state, one can achieve better results.

Unreasonable expansion of the budget deficit, accumulation of the national debt – are as destructive as an adventurous stock market game.

During the time of the Soviet Union the role of the state in economy was made absolute, which eventually lead to the total non-competitiveness of the economy. That lesson cost us very dearly. I am sure no one would want history to repeat itself.”

President Vladimir Putin could never have imagined anyone so ignorant or so willing to destroy their people like Obama much less seeing millions vote for someone like Obama. They read history in America don’t they? Alas, the schools in the U.S. were conquered by the Communists long ago and history was revised thus paving the way for their Communist presidents. Obama has bailed out those businesses that voted for him and increased the debt to over 16 trillion with an ever increasing unemployment rate especially among blacks and other minorities. All the while promoting his agenda.

“We must seek support in the moral values that have ensured the progress of our civilization. Honesty and hard work, responsibility and faith in our strength are bound to bring us success.”- Vladimir Putin

The red, white and blue still flies happily but only in Russia. Russia still has St George defeating the Dragon with the symbol of the cross on its’ flag. The ACLU and other atheist groups in America would never allow the US flag with such religious symbols. Lawsuits a plenty against religious freedom and expression in the land of the free. Christianity in the U.S. is under attack as it was during the early period of the Soviet Union when religious symbols were against the law.

Let’s give American voters the benefit of the doubt and say it was all voter fraud and not ignorance or stupidity in electing a man who does not even know what to do and refuses help from Russia when there was an oil spill in the Gulf of Mexico. Instead we’ll say it’s true that the Communists usage of electronic voting was just a plan to manipulate the vote. Soros and his ownership of the company that counts the US votes in Spain helped put their puppet in power in the White House. According to the Huffington Post, residents in all 50 states have filed petitions to secede from the Unites States. We’ll say that these Americans are hostages to the Communists in power. How long will their government reign tyranny upon them?

Russia lost its’ civil war with the Reds and millions suffered torture and death for almost 75 years under the tyranny of the United Soviet Socialist Republic. Russians survived with a new and stronger faith in God and ever growing Christian Church. The question is how long will the once “Land of the Free” remain the United Socialist States of America?  Their suffering has only begun. Bye bye Miss American Pie!  You know the song you hippies. Sing it! Don’t you remember? The 1971 hit song by American song writer Don McLean:

“And, as I watched him on the stage my hands were clenched in fists of rage.

No angel born in Hell could break that Satan’s spell

And, as the flames climbed high into the night to light the sacrificial rite, I saw…

Satan laughing with delight the day the music died

He was singing, bye bye Miss American Pie

Drove my Chevy to the levee, but the levee was dry

Them good ol’ boys were drinking whiskey and rye, singing…

This’ll be the day that I die

This’ll be the day that I die

So, the question remains:

How long will America suffer and to what depths?”

http://english.pravda.ru/opinion/columnists/19-11-2012/122849-obama_soviet_mistake-0/

 

Thanks to commenter Starla.

33 Comments

Posted in Americans, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Czars, Election 2012, fraud, Health Insurance, Healthcare bill, Liberalism, Lies, Marxist, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, ObamaCare, Russia, The Case Against Barack Obama, Washington DC, white house

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Obamacare forces 93000 hospital job cuts in 2013, NC hospitals costs up $7.5 billion the next 10 years, Medicare and Medicaid reimbursements, Mass layoffs

Posted on November 25, 2012 | 49 comments

Obamacare forces 93000 hospital job cuts in 2013, NC hospitals costs up $7.5 billion the next 10 years, Medicare and Medicaid reimbursements, Mass layoffs

“Nobody who makes under $200,000 a year will see their taxes go up as long as I’m president.”…Barack Obama

“I absolutely reject that notion [mandate is a tax].”…Barack Obama

“Glenn Beck has presented the frightening spectre of Christmas past created by Obama. But as in Dickens’ “A Christmas Carol”  it is the Ghost of Christmas Future that frightens me. The impact of Obamacare on our health care system and the combined impact of Obamacare and record deficit spending on our economy. The taxes of Christmas future to pay for Obama’s actions.”…Citizen Wells June 30, 2012

By March 26, 2010 I referred to Obamacare as a tax and control bill.

From the Greensboro News Record November 25, 2012.

“Hospitals feeling the pinch”

“Wake Forest Baptist Medical Center launched a distress signal in a gathering storm when it said on Nov. 14 that it will cut 950 jobs.

That storm has at its center national health care reform, possible lower reimbursements for Medicare and Medicaid services, and an increasing number of older patients who need more care.

The hospital industry is in for a direct hit — that’s not in doubt.

But mass layoffs may be only one of many solutions for the health care industry’s problems.

The problem for hospitals is choosing the right one: mass layoffs, refined management techniques or some middle ground.

Wake Forest declined an interview request for this article. But it has said in other accounts that the roughly 6 percent staff cut is a pre-emptive measure for expected budget cuts and rising costs. And it expects remaining workers will become more productive as a result.

That’s a delicate balance, said Mark Graban, a national expert and consultant on health care management who lives in San Antonio, Texas.

“It’s easy to add up the cost savings of reduced payroll,” he said. “But it’s hard to add up the side effect of those layoffs.”

He said layoffs are sweeping the industry. Graban referred to a report from the American Hospital Association that says hospitals will cut 93,000 jobs during 2013.

Wake Forest and other major hospitals across the nation pledge that nurse-to-patient ratios won’t change despite the job cuts. Graban said that simple pledge may only mask lingering problems that hurt the quality of patient care.

Nurses and other professional staff, for example, see the headlines, see friends who may be laid off and work in fear, he said.

“A lot of times, quality and good patient outcomes are a result of nurses and other staff going above and beyond,” Graban said. “My concern would be not that the professionals are going to get lazy, but are they going to continue to be motivated to go above and beyond?”

Across the nation, he said, many medical centers are choosing “no layoff” policies and using management techniques pioneered in industry.

“Lean management” is a term many industries use for a variety of techniques that train workers to improve performance, make fewer mistakes and work with higher morale, he said.

Lean does not mean, as many joke, “Less Employees Are Needed.”

Graban worked with one hospital, ThedaCare in Appleton, Wis., which typifies the technique. The medium-size hospital manages conservatively, he said, doesn’t over-hire workers and saves cash for slow times.

Don Dalton, the spokesman for the N.C. Hospital Association, said hospitals throughout the state are using lean-management techniques — especially the smallest hospitals.

The coming changes could cost North Carolina’s hospitals up to $7.5 billion over the next 10 years , Dalton said.

With limited resources, the state’s small and medium-size hospitals feel financial pressure first, he said. So they are looking for any way they can to operate without compromising service.

Hospitals are combining resources to save money. In some cases, that means nothing more than “group buying” of supplies and services — lower prices for bulk buyers.

On a larger scale, Greensboro’s Cone Health signed a managing partnership earlier this year with Carolinas Health Systems in Charlotte.

Doug Allred, the spokesman for Cone, which employs more than 8,000 people , said: “We do not have plans for any layoffs right now.”

When asked to discuss issues facing the hospital industry in general, Allred said: “We are going to decline” an interview.

Jeffrey Miller, the president of High Point Regional Health System , freely discusses what led to the hospital’s planned merger with UNC Health Care.

He said that many unemployed people in the Triad don’t have health insurance, and those who do find that rising deductibles are too expensive.

“So we have a bad-debt problem,” Miller said.

Federal Medicare reimbursements have declined or remained flat, and the program is asking hospitals to fill out more documents to justify expenses.

And finally, the state, which administers Medicaid programs, is cutting its own stretched budget and program reimbursements.

As a result, High Point Regional has operated at a loss for two years. With its 2,212 workers, the hospital lost $40.8 million on unreimbursed care last year.

“It’s coming at us from all directions,” Miller said.

Through careful expense control, Miller said, High Point has not laid off workers, but it has had to cut hours from time to time to save money — and jobs.

Saving money, changing the way a hospital works, changing the way hospitals work together — all are key issues for UNC Health Care and its subsidiaries, said Karen McCall, vice president of public affairs and marketing for the system.

“We need to reduce costs, and all of us are aware of that and we’re trying to take steps to be able to do that through re-engineering,” she said.

Lean management is a big part of how UNC has managed its hospitals.

“It’s really been a core value at UNC for quite some time.”

UNC is planning for a difficult future, especially the unknown effects of more insured people and a growing population of older people who will need more care.

UNC plans to create a system in which each patient has a “medical home,” or a central doctor and staff that can manage the patient’s total care. That doctor would coordinate care from specialists and a variety of other services.

But getting there, McCall said, means spending more money to upgrade technology.

Finally, UNC is constantly keeping an eye on its employees to make sure their morale is good.

“Having worked very, very hard with patient satisfaction, the key to patient satisfaction is employee satisfaction,” she said. “Employee satisfaction is just very important and it’s something we measure and take into consideration all the time.

“We’re looking for best practices outside the industry,” McCall said. “But I really feel that we’re not the only ones doing that. Everyone in health care looking to the future feels that’s very necessary.””

http://www.news-record.com/content/2012/11/24/article/hospitals_feeling_the_pinch

 

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Posted in 2013, Barack Obama, Christmas, Citizen News, Citizens for the truth about Obama, CitizenWells, Employment, Health Insurance, Healthcare bill, Hospitals, NC, News, North Carolina, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, ObamaCare, The Case Against Barack Obama, Unemployment, US economy, Washington DC, white house

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

Posted on October 14, 2012 | 28 comments

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

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

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

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

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

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

From Citizen Wells October 8, 2012.

“From the Washington Post October 1, 2012.

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

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

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

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

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

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

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

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

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

“The Pinocchio Test

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

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

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

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

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

From NPR and the AP October 12, 2012.

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

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

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

It wasn’t quite as ugly as last year.

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

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

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

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

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

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

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

Read more:

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

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

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

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

28 Comments

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

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

Posted on October 9, 2012 | 13 comments

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

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

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

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

From the National Federation of Independent Business October Survey.

“Hiring Plans Plunge: Small Business Optimism Drops 0.1

Expectations for the Future Remain Low

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

DOWNLOAD THE REPORT   READ THE PRESS RELEASE

Small business optimism index

“Highlights

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

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

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

MOST IMPORTANT PROBLEM: 2012
1.  Rising Cost of Health Care Insurance
2.  Uncertainty over Economic Conditions
3.  Energy Costs
4.  Uncertainty over Government Actions
5.  Unreasonable Government Regulations
6.  Federal Taxes on Business Income
7.  Tax Complexity
8.  Frequent Changes in Federal Tax Laws and Rules
9.  Property Taxes
10. State Taxes on Business Income”

Read more:

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

 

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

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Princeton professor Harvey Rosen Obama misrepresents study of Romney tax plan, Romney plan can be revenue neutral, More Obama lies exposed

Posted on October 9, 2012 | 20 comments

Princeton professor Harvey Rosen Obama misrepresents study of Romney tax plan, Romney plan can be revenue neutral, More Obama lies exposed

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

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

“Propaganda must not serve the truth, especially not insofar
as it might bring out something favorable for the opponent.”
… Adolf Hitler

From the Weekly Standard October 8, 2012.

“Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney’s Tax Plan”

“Last night, the Obama campaign blasted out another email claiming that Mitt Romney’s tax plan would either require raising taxes on the middle class or blowing a hole in the deficit. “Even the studies that Romney has cited to claim his plan adds up still show he would need to raise middle-class taxes,” said the Obama campaign press release. “In fact, Harvard economist Martin Feldstein and Princeton economist Harvey Rosen both concede that paying for Romney’s tax cuts would require large tax increases on families making between $100,000 and $200,000.”

But that’s not true. Princeton professor Harvey Rosen tells THE WEEKLY STANDARD in an email that the Obama campaign is misrepresenting his paper on Romney’s tax plan:

I can’t tell exactly how the Obama campaign reached that characterization of my work.  It might be that they assume that Governor Romney wants to keep the taxes from the Affordable Care Act in place, despite the fact that the Governor has called for its complete repeal.  The main conclusion of my study is that  under plausible assumptions, a proposal along the lines suggested by Governor Romney can both be revenue neutral and keep the net tax burden on taxpayers with incomes above $200,000 about the same.  That is, an increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral.

You can check the math that shows Romney’s plan is mathematically possible here.”

http://www.weeklystandard.com/blogs/princeton-economist-obama-campaign-misrepresenting-my-study-romneys-tax-plan_653917.html

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Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Election 2012, Government, Hitler, Lies, Mitt Romney, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, ObamaCare, Presidential candidate, Presidential debate, Romney, Taxes, The Case Against Barack Obama, US economy, Washington DC, white house

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

Posted on October 8, 2012 | 10 comments

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

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

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

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

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

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

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

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

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

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

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

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

From the Washington Post October 1, 2012.

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

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

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

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

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

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

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

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

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

“The Pinocchio Test

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

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

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

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

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

I will address the rest of the false claims.

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

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

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

Obama stated:

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

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

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

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

Obama stated:

“First, we create a million new manufacturing jobs”

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

Obama stated:

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

Oh really?

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

And Obama stated:

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

Joseph Goebbels would be proud.

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

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

Posted on October 2, 2012 | 43 comments

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

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

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

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

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

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

From the Telegraph Herald October 2, 2012.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Posted in Barack Obama, Bush, Citizen News, Citizens for the truth about Obama, CitizenWells, Deficit, Economy, Lies, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, President Bush, Taxes, The Case Against Barack Obama, US economy, Washington DC, white house

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Obamacare fines begin Monday October 1, 2012, Medicare will fine hospitals, Penalties will average $125,000 per facility this coming year, Taxpayers hit again

Posted on September 30, 2012 | 32 comments

Obamacare fines begin Monday October 1, 2012,  Medicare will fine hospitals, Penalties will average $125,000 per facility this coming year, Taxpayers hit again

“If you like your health care plan, you can keep your health care plan.”…Barack Obama

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

“And if all others accepted the lie which the Party imposed

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

Obama, aka Big Brother knows more than we do that is why college students are paying dramatically higher health care premiums this year and why now hospitals will be fined and taxpayers will pay for this.

From NE News Now.

“Obamacare fines kick in”

“If you or an elderly relative have been hospitalized recently and noticed extra attention when the time came to be discharged, there’s more to it than good customer service.

Starting Monday, Medicare will fine hospitals that have too many patients readmitted within 30 days of discharge due to complications. The penalties are part of a broader push under President Barack Obama’s health care law to improve quality while also trying to cut costs.

About two-thirds of the hospitals serving Medicare patients, or some 2,200 facilities, will be hit with penalties averaging around $125,000 per facility this coming year, according to government estimates.

Data to assess the penalties have been collected and crunched, and Medicare has shared the results with individual hospitals. Medicare plans to post details online later and people can look up how their community hospitals performed.

It adds up to a new way of doing business for hospitals, and they have scrambled to prepare for well over a year. They are working on ways to improve communication with rehabilitation centers and doctors who follow patients after they’re released, as well as connecting individually with patients.

“There is a lot of activity at the hospital level to straighten out our internal processes,” said Nancy Foster, vice president for quality and safety at the American Hospital Association. “We are also spreading our wings a little and reaching outside the hospital, to the extent that we can, to make sure patients are getting the ongoing treatment they need.”

Still, industry officials say they have misgivings about being held liable for circumstances beyond their control. They also complain that facilities serving low-income people, including many major teaching hospitals, are much more likely to be fined, raising questions of fairness.

Consumer advocates say Medicare’s nudge to hospitals is long overdue and not nearly stiff enough.

For the first year, the penalty is capped at 1 percent of a hospital’s Medicare payments. The overwhelming majority of penalized facilities will pay less. Also, for now, hospitals are only being measured on three medical conditions: heart attacks, heart failure and pneumonia.

Under the health care law, the penalties gradually will rise until 3 percent of Medicare payments to hospitals are at risk.”

http://onenewsnow.com//ap/united-states/obamacare-fines-kick-in

Commenter James Barnett.

“And who pays for all this extra service to Medicaid and Medicare Patients? Those of us with Insurance and Insurance Company’s are not willing to contest all the new charges, they just pass it on to the Middle Class and say your fortunate to be covered at all! Communism alway’s Kills the Middle Class, as we cannot afford to sue, or go without coverage, so we are Enslaved by both the Rich and the Poor, until we ourselves are Poor! By then the Government is Bankrupt and there is only Depression, Starvation, Homlesness, Depravity and Oppression. Ask any former Citizen of China or the Soviet Union! Please Wake-up America, Obama wants our Republic of Freedom and Prosperity, under GOD Destroyed and Replaced by a Worldwide Dictatorship under an Islamic Oligarchy! Write your Representatives and tell them to Purge our Government of all Muslim Brotherhood Insurgents in our Bureaucracy, before it is too late! Shalom!”

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Posted in 1984, Barack Obama, Big Brother, Citizen News, Citizens for the truth about Obama, CitizenWells, Government, Health Insurance, Healthcare bill, Medicare, Medicine, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, ObamaCare, Orwellian, The Case Against Barack Obama, Washington DC, white house

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Better off now 4 years later?, Obama Clinton Democrat lie, 3.85 gallon gas, High school graduates, College students and young adults clobbered, No jobs

Posted on September 11, 2012 | 35 comments

Better off now 4 years later?, Obama Clinton Democrat lie, 3.85 gallon gas, High school graduates, College students and young adults clobbered, No jobs

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

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

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

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

I paid $ 3.85 a gallon for regular gas today in NC. When Obama took the White House, we payed an average of around $ 1.85 a gallon.

I am fortunate, I am not a young person trying to pay for college and health care, or a young graduate trying to find a job or part of a young family trying to buy groceries that have skyrocketed due to high gasoline prices.

With a record Labor Force Participation Rate, we still have a national unemployment rate over 8 percent and much worse than that in NC. Those numbers reveal only the tip of the iceberg.

From Carolina Journal September 7, 2012.

“Poll: Young Adults Not Better Off Than Four Years Ago

88 percent in N.C. have changed daily lives because of economy”

“A former chief of staff in the U.S. Labor Department takes issue with former President Bill Clinton’s assertion that Americans are better off now than they were four years ago, especially when it comes to younger adults.

“If the message is that American young adults are better off than they were four years ago, then the facts say they absolutely are not,” said Paul Conway, who was chief of staff to President George W. Bush’s labor secretary, Elaine Chao.

Clinton, during his Wednesday night address to the Democratic National Convention, made the case that in many statistical terms, Americans were definitely better off than when President Barack Obama took office in January 2009.

Conway now is president of an nonpartisan organization called Generation Opportunity, which seeks to mobilize 18 to 29 year olds on challenges facing the nation, such as the lack of job opportunities, the national debt, and federal spending.

Conway noted that the unemployment rate for young adults now stands at 12.7 percent, which is higher than the overall jobless rate of 8.3 percent.

“In addition to that, there are 1.7 million young adults who are no longer counted in that 12.7 percent because they’ve been out of work so long,” Conway said. If they’re included, Conway added, the young adult unemployment rate would be 16.7 percent.

“That number represents the highest sustained level of unemployment for young adults since World War II,” Conway said.

He gives other statistics for younger Americans.

“Unemployment for the Latino community of young adults is 14 percent,” Conway said. “For African-American young adults, it’s 22.3 percent.”

Conway noted a recent survey commissioned by Generation Opportunity from the inc./WomanTrend polling company which found 88 percent of North Carolina’s young adults have changed some aspect of their day-to-day lives because of the current state of the economy, such as skipping a vacation, reducing their grocery budget or skipping a major family event.

The survey said that 22 percent of young adults had changed their living condition, such as moving in with their parents, taking in extra roommates or downgraded their apartment.

The survey also said that 79 percent of young adults in the state have delayed or might not do at least one major live event because of the economy. These include buy their own place, get married or start a family.

Conway said only 38 percent of young adults nationally believe their elected officials represent their concerns.

He said a high percentage of them plan to vote and questions why Clinton would make the claim that people are better off today.

“In whose interest is it to try to say that things are better off than they were four years ago, because for young adults, the answer is, it’s simply not true,” Conway said.”

http://www.carolinajournal.com/exclusives/display_exclusive.html?id=9472&__utma=1.1815112598.1347277351.1347277351.1347277351.1&__utmb=1.2.10.1347277351&__utmc=1&__utmx=-&__utmz=1.1347277351.1.1.utmcsr=google%7Cutmccn=(organic)%7Cutmcmd=organic%7Cutmctr=(not%20provided)&__utmv=-&__utmk=68467473

If that article frightened you, this will keep you awake at night.

And remember, the Democrats controlled both houses of Congress beginning in January 2007 until January 2011.

From the Economic Policy Institute May 3, 2012.

“The Class of 2012

Labor market for young graduates remains grim”

FIGURE B

Unemployment rate for young high school graduates, by gender, 1989–2012*

Unemployment rate for young high school graduates, by gender, 1989–2012*

*Latest 12-month average: April 2011–March 2012.

Note: Shaded areas denote recessions. Data are for high school graduates age 17–20 who are not enrolled in further schooling.

Source: Authors’ analysis of basic monthly Current Population Survey microdata

As Figure B shows, the unemployment rate for young high school graduates jumped from 17.5 percent in 2007 to 32.7 percent in 2010, dwarfing the increases in prior recessions. The rate has since declined slightly, to an average of 31.1 percent over the last year (April 2011–March 2012). The increase since 2007 was larger for young male high school graduates (from 18.7 percent in 2007 to an average of 32.9 percent over the last year) than for young female high school graduates (from 15.8 percent in 2007 to an average of 28.5 percent over the last year). Men’s unemployment rates tend to disproportionately increase during downturns because men are more concentrated in industries, such as manufacturing and construction, that are particularly hard-hit by recessions.

Figure C shows that among young high school graduates, the unemployment rate for racial and ethnic minorities—particularly young black graduates—tends to be higher than that of whites, in good times and bad. In 2007, the unemployment rate of young white high school graduates was 14.5 percent. It rose to 29.1 percent in 2010 and improved slightly to an average of 25.6 percent over the last year. In 2007, the unemployment rate of young black high school graduates was 33.0 percent. It continued on a general upward trend until 2011, when it was 48.9 percent, and continued creeping up, to 49.1 percent over the last year. In 2007, the unemployment rate for young Hispanic high school graduates was 15.5 percent. That rate also continued to rise until 2011, when it was 35.7 percent, and improved to 33.8 percent over the last year.

FIGURE C

Unemployment rate for young high school graduates, by race/ethnicity, 1989–2012*

Unemployment rate for young high school graduates, by race/ethnicity, 1989–2012*

*Latest 12-month average: April 2011–March 2012.

Note: Shaded areas denote recessions. Data are for high school graduates age 17–20 who are not enrolled in further schooling.

Source: Authors’ analysis of basic monthly Current Population Survey microdata

Because the definition of unemployment includes only jobless workers who report that they are actively seeking work, the unemployment rate overlooks those who are “underemployed”: jobless workers who want a job but have given up looking, and workers who have a job but cannot get the hours they want or need.

Figure D presents national data on both unemployment and underemployment among young high school graduates, providing a more comprehensive look at slack in the labor market. Underemployment rates include not just workers who are unemployed but also those who are working part time but want full-time work (“involuntary” part-timers), and those who want a job and who have looked for work in the last year but have given up actively seeking work (“marginally attached” workers).

Currently, while the unemployment rate for young high school graduates is 31.1 percent, theunderemployment rate of young high school graduates is over 50 percent (54.0 percent). In other words, in addition to the officially unemployed, a significant share of these young people either want a job but have simply given up looking for work, or have a job that  does not provide the hours they need. While state breakdowns of underemployment by educational attainment are not available, Appendix Table A2 shows state-level underemployment rates for all workers by age.

FIGURE D

Unemployment and underemployment rates of young high school graduates, 1994–2012*

Unemployment and underemployment rates of young high school graduates, 1994–2012*

*Latest 12-month average: April 2011–March 2012.

Note: Shaded areas denote recessions. Underemployment data are only available beginning in 1994. Data are for high school graduates age 17–20 who are not enrolled in further schooling.

Source: Authors’ analysis of basic monthly Current Population Survey microdata

http://www.epi.org/publication/bp340-labor-market-young-graduates/

Does this look better to you?

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Posted in Barack Obama, Bill Clinton, Citizen News, Citizens for the truth about Obama, CitizenWells, Democrats, Economy, Election 2012, Employment, Health Insurance, Jobs, Lies, NC, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, ObamaCare, Presidential candidate, The Case Against Barack Obama, Unemployment, US economy, Washington DC

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High jobless rates persist in NC, Greensboro News Record, August 25, 2012, Guilford county 5.3 percent when Democrats took congress 10.2 percent now

Posted on August 25, 2012 | 13 comments

High jobless rates persist in NC, Greensboro News Record, August 25, 2012, Guilford county 5.3 percent when Democrats took congress 10.2 percent now

“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

“North Carolina currently has the fourth-highest unemployment rate in the country and has stayed well above the national average through 2012.”…WRAL, August 17, 2012

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

Are there 2 versions of the Greensboro News & Record?

One in print with the facts for the older generations and one watered down for the younger folks on the internet. One designed to protect Obama?

The print edition, to my surprise and delight, has for months been presenting the truth about the economy and Jobs in NC.

From the front page top of the Print edition of the Greensboro News & Record August 25, 2012.

“High jobless rates persist in N.C.”

“Unemployment rates dropped or remained the same in most of North carolina in July, but joblessness remains high throughout the state.

In Guilford County, the unemployment rate fell by 1.3 percentage points to 10.2 percent in July, compared with 11.5 percent in July 2011.”

“But while more people now have jobs, analysts say local labor market conditions are still in distress. John Quinterno, a principal with South by North Strategies, an economic and social policy research firm, siad the labor market still isn’t generating enough jobs for all of the people who need them.”
“Is it an improvement to what it was when it was 11 percent? Yes…but it still doesn’t take away that there’s still a 10 percent unemployment rate, which is extraordinary,” Quinterno said.”

“Consider this: The unemployment rate in Guilford County was at 5.3 percent in July 2007. It hit it’s highest level—11.8 percent—in July 2009 during the height of the recesion.”

Guilford County had a  5.3 percent unemployment rate when the Democrats took control of congress in 2007.

From the internet version of the Greensboro News & Record August 24, 2012.

“Local unemployment decreases”

“Unemployment in Guilford County fell by 1.3 percentage points to 10.2 percent in July compared with 11.5 percent in July of 2011.

The Greensboro-High Point metro area, which covers employees in both cities, also fell to 10.2 percent in July from 11.5 percent in July 2011.

The state overall reported good news compared with this time last year, according to a news release from the N.C. Department of Commerce – Labor and Economic Analysis Division.

“Rates either dropped or remained the same in most of North Carolina in July,” said N.C. Department of Commerce Deputy Secretary Dale Carroll. “Compared to the same time last year, nearly all of the state’s counties have a lower unemployment rate.”

North Carolina had 34 counties that were at or below the state’s not seasonally adjusted unemployment rate of 9.8
percent. Unemployment rates decreased in eight of the state’s 14 Metropolitan Statistical Areas.

The rate increased in two and stayed the same in four.

The number of workers employed (not seasonally adjusted) increased in July by 12,968 to 4,249,084, while those unemployed fell 1,362 to 462,255.

Since July 2011, the number of workers unemployed decreased 50,996, while those employed increased 60,772.

Currituck County had the state’s lowest unemployment rate in July at 4.7 percent, and Scotland County had the highest unemployment rate at 17.6 percent.”

http://www.news-record.com/content/2012/08/24/article/local_unemployment_decreases

From Citizen Wells August 24, 2012.

“North Carolina’s statewide unemployment rate (not seasonally adjusted) was 9.8 percent in July. This was a 0.1 of a percentage-point decrease from June’s revised rate of 9.9 percent, and a 1.1 percentage-point decrease over the year.

Over the month, the unemployment rate decreased in 47 counties, increased in 26 and remained the same in 27. Thirty-four counties had unemployment rates below the state’s 9.8 percent rate.

Scotland County recorded July’s highest unemployment rate at 17.6 percent, remaining the same as the previous month. Graham County had the second-highest rate at 15.2 percent. Currituck County had the lowest unemployment rate at 4.7 percent, followed by Chatham, 7.0 percent; and Orange, 7.1 percent.”

“Mecklenburg County, the home of the 2012 Democrat convention in Charlotte, has an unemployment rate of 10 percent.”

https://citizenwells.wordpress.com/2012/08/24/us-unemployment-claims-rise-4000-nc-unemployment-rate-9-8-percent-unemployment-rate-increased-in-26-nc-counties-charlotte-mecklenburg-rate-10-percent/

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Posted in Barack Obama, Charlotte, Citizen News, Citizens for the truth about Obama, CitizenWells, democratic convention, Economy, Election 2012, Employment, Labor Department, NC, News, Newspapers, North Carolina, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, Presidential candidate, The Case Against Barack Obama, Unemployment, Washington DC, white house

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