Category Archives: US economy

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

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

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

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

From Gallup November 17, 2011.

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

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

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

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

From the US Labor Department December 2, 2011.

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

“Household Survey Data

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

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

From Bloomberg December 3, 2011.

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

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

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

From Rush Limbaugh December 2, 2011.

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

“BEGIN TRANSCRIPT

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

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

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

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

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

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

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

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

Read more:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Read more:

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

UNCG 10 percent tuition fee hike proposal, $660 increase in state, University of NC at Greensboro, Spending like drunken sailors, Out of control expansion

UNCG 10 percent tuition fee hike proposal, $660 increase in state, University of NC at Greensboro, Spending like drunken sailors, Out of control expansion

Drive through the campus of UNCG, the University of NC at Greensboro, on any day and you will notice a plethora of Obama stickers. Converse with the faculty and staff and the Obama, left wing support will be obvious. Therefore, what I am about to report will come as no surprise. The same kind of mentality that pervades the Obama camp, permeates UNCG and many other colleges and universities. Spending other people’s money.

Sadly this happens all too often in “institutions of higher learning,” where our young people are supposed to be prepared for life, to manage their own finances.

From the Greensboro News and Record November 16, 2011.

“UNCG proposes 10 percent hike in tuition, fees”

“Tuition would rise 10 percent for UNCG students next year according to a proposal the university’s tuition and fee committee presented Tuesday night to the Student Government Association.

In-state undergraduates would see a $660 increase in their bills next year — an extra $345 for tuition and $315 for fees, bringing total tuition and fees to $6,158.

The increase would generate $7.4 million, with half of it used to offset budget reductions. The rest of the money would be used for need-based financial aid and pay increases for faculty, who have gone without raises in recent years.

UNC leaders are allowing chancellors to propose increases above the 6.5 percent cap to help make up for budget cuts.

The universities’ boards of trustees and the UNC Board of Governors must approve any tuition increases.

The Board of Governors isn’t expected to vote until February but has asked campuses to submit their proposals by early December.

UNCG Chancellor Linda Brady said next year’s proposed increase is a temporary salve.

“That doesn’t restore the $26 million cut that we took at UNCG just this year,” she told students and faculty during the meeting in the Elliott University Center.

The meeting got off to a rocky start, with a group of about a dozen students interrupting it, calling the meeting a “sham.” They recited from slips of paper they held, demanding that there be no hike in tuition.

They also asked that the money UNCG is using to build student housing in the Glenwood neighborhood be used to close the budget gap.

Brady said housing fees will repay the debt on that project.

University police escorted the group from the room.

While the remainder of the meeting was mostly civil, students did ask some pointed questions, such as the amount of Brady’s salary and whether administrators would be willing to take a pay cut.

Brady, who answered that she makes $324,000 annually, said that employees have not been given pay raises in four years.”

Read more:

http://www.news-record.com/content/2011/11/15/article/uncg_proposes_10_percent_tuitionfees_hike

I am infuriated and insulted on several levels by this move.

  • I am a lifelong resident of NC and this reflects poorly on the state.
  • Education and influences on young people is one of my concerns. Raising costs by 10 percent in the worst economy in my lifetime is an outrage.
  • I began college at UNCG and was on their first wrestling team and the golf team. Unlike Steve Jobs who made a conscious decision to leave a college curriculum and seek knowledge independently, I lucked into computer software classes taught by an IBM employee. I took several more classes at UNCG, other colleges as well as from the IBM Education Center in Washington, DC. I thank God that I was removed from the liberal arts atmosphere at UNCG, even though then they exercised more control over spending.
  • I taught college level computer science courses years ago (not at UNCG.) I have insights into the academic  and business worlds.
  • I have watched UNCG for years spending like drunken sailors. They seem to be more concerned about building and expansion than education and keeping it affordable for more students. 

The article states:

“The meeting got off to a rocky start, with a group of about a dozen students interrupting it, calling the meeting a “sham.” They recited from slips of paper they held, demanding that there be no hike in tuition.

They also asked that the money UNCG is using to build student housing in the Glenwood neighborhood be used to close the budget gap.

Brady said housing fees will repay the debt on that project.”

The students ask a valid question. “will repay”. When?

I have watched UNCG spend enormous sums on athletic facilities, student housing and generally swallowing up property surrounding the campus, including the Glenwood area.

UNCG Chancellor Linda Brady stated that she makes $324,000 annually and that there have been no pay raises in four years. Where I come from, $324,000 is a lot of pay for poor performance.

Perhaps Chancellor Brady should be removed, with a savings $324,000, along with others responsible for this fiasco, and replaced for a while by a volunteer panel of business people.

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

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

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

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

From the Greensboro News Record October 17, 2011.

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

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

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

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

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

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

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

Occupy protesters look for new campsite

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Read more:

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

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

LYRICS:

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

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

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

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

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

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

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

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

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

Occupy Wall Street protesters composed of Obama supporters Labor thugs and uneducated sheep, Imbeciles of America untie (unite)

Occupy Wall Street protesters composed of Obama supporters Labor thugs and uneducated sheep, Imbeciles of America untie (unite)

While viewing the Occupy Wall Street protest, I am reminded of a Far Side cartoon by Gary Larson.

Occupy Wall Street scenes.

The protest is composed of the usual suspects, Obama supporters, Labor thugs and uneducated sheep. Most of the protesters are the hard core Obama supporters who believe that the demonized Wall Street and Tea party folks are to blame for the economy and jobs situation. As Professor Kingsfield stated on “The Paper Chase” they have “skulls full of mush.” Glenn Beck stated earlier today that he was considering cutting off funding for his children’s college “education.” Beck is rightfully concerned. If the youth of today had been encouraged to seek the truth and make informed decisions, Obama would not occupy the White House. Of course it is not all Obama’s fault. The far left in cahoots with a incompetent Congress caused gas prices to climb and affect the price of nearly all goods. And let’s not forget banning coal mining which has led to importing coal in some areas.
They speak of destroying capitalism yet they enjoy it’s fruits.

Maybe if they were really educated they could understand what I just wrote.

Alan Simpson Obama deficit commission Co-Chair, Senior citizens Greediest Generation, Social Security Milk Cow with 310 million teats

Alan Simpson Obama deficit commission Co-Chair, Senior citizens Greediest Generation, Social Security Milk Cow with 310 million teats

This was sent to me from a friend:

“Alan Simpson, Senator from Wyoming , Co-Chair of Obama’s deficit commission, calls senior citizens the Greediest Generation as he compared “Social Security” to a Milk Cow with 310 million teats.

Here’s a response in a letter from PATTY MYERS in Montana … I think she is a little ticked off! She also tells it like it is!

“Hey Alan, let’s get a few things straight..

1. As a career politician, you have been on the public dole for FIFTY YEARS.

2. I have been paying Social Security taxes for 48 YEARS (since I was 15 years old. I am now 63).

3 My Social Security payments, and those of millions of other Americans, were safely tucked away in an interest bearing account for decades until you political pukes decided to raid the account and give OUR money to a bunch of zero ambition losers in return for votes, thus bankrupting the system and turning Social Security into a Ponzi scheme that would have made Bernie Madoff proud..

4. Recently, just like Lucy & Charlie Brown, you and your ilk pulled the proverbial football away from millions of American seniors nearing retirement and moved the goalposts for full retirement from age 65 to age 67. NOW, you and your shill commission is proposing to move the goalposts YET AGAIN.

5. I, and millions of other Americans, have been paying into Medicare from Day One, and now you morons propose to change the rules of the game. Why? Because you idiots mismanaged other parts of the economy to such an extent that you need to steal money from Medicare to pay the bills.

6. I, and millions of other Americans, have been paying income taxes our entire lives, and now you propose to increase our taxes yet again. Why? Because you incompetent bastards spent our money so profligately that you just kept on spending even after you ran out of money. Now, you come to the American taxpayers and say you need more to pay off YOUR debt.
To add insult to injury, you label us “greedy” for calling “bullshit” on your incompetence. Well, Captain Bullshit, I have a few questions for YOU.

1. How much money have you earned from the American taxpayers during your pathetic 50-year political career?

2. At what age did you retire from your pathetic political career, and how much are you receiving in annual retirement benefits from the American taxpayers?

3. How much do you pay for YOUR government provided health insurance?

4. What cuts in YOUR retirement and healthcare benefits are you proposing in your disgusting deficit reduction proposal, or, as usual, have you exempted yourself and your political cronies?

It is you, Captain Bullshit, and your political co-conspirators called Congress who are the “greedy” ones. It is you and your fellow nutcases who have bankrupted America and stolen the American dream from millions of loyal, patriotic taxpayers. And for what? Votes. That’s right, sir. You and yours have bankrupted America for the sole purpose of advancing your pathetic political careers. You know it, we know it, and you know that we know it.

And you can take that to the bank, you miserable son of a bitch.

If you agree with what a fellow Montana citizen Patty Myers says, PASS IT ON!!!!”

By the way Alan, I am pissed too!

I am very close in age and work longevity to Patty, but I would like to add the following. In the early to mid seventies, when most businesses did not have computer systems, the company I worked for processed payroll for other companies. I made many of the tax changes. It seemed like every year for a while that the government raised the rate of the Social Security Tax. Every time I made that change I, too, was pissed. This was a contract we had no choice in and that got changed at the whim of the federal government without our consent. To add insult to further injury, along the way they upped the early retirement age without our consent from 59 1/2 to 62. Every reasonable study ever conducted indicates that the same money put in the most conservative private fund would yield an enormously higher return.

Social Security has been a Ponzi Scheme from the beginning.

So, Alan Simpson and any other idiot member of congress. You had damn well better watch what you say and do.

Millions of Americans are pissed!

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

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

From the Chicago Tribune September 21, 2011.

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

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

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

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

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

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

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

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

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

Read more:

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

You all remember this political comeback:

“It’s the economy, stupid!”

Here is the relevant comment for today:

“It’s gas prices, stupid!”

From Citizen Wells September 15, 2011.

“Gasoline Prices

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

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

Drill baby drill!”

Read more:

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

Why Obama should withdraw, Chicago tribune editor Steve Chapman, Sputtering economy,Unemployment high, Foreclosures rampant

Why Obama should withdraw, Chicago tribune editor Steve Chapman, Sputtering economy,Unemployment high, Foreclosures rampant

“Will Obama be thrown under the bus”

From the Chicago Tribune September 18, 2011.

“Why Obama should withdraw”

“When Ronald Reagan ran for re-election in 1984, his slogan was “Morning in America.” For Barack Obama, it’s more like midnight in a coal mine.

The sputtering economy is about to stall out, unemployment is high, his jobs program may not pass, foreclosures are rampant and the poor guy can’t even sneak a cigarette.

His approval rating is at its lowest level ever. His party just lost two House elections — one in a district it had held for 88 consecutive years. He’s staked his future on the jobs bill, which most Americans don’t think would work.

The vultures are starting to circle. Former White House spokesman Bill Burton said that unless Obama can rally the Democratic base, which is disillusioned with him, “it’s going to be impossible for the president to win.” Democratic consultant James Carville had one word of advice for Obama: “Panic.”

But there is good news for the president. I checked the Constitution, and he is under no compulsion to run for re-election. He can scrap the campaign, bag the fundraising calls and never watch another Republican debate as long as he’s willing to vacate the premises by Jan. 20, 2013.

That might be the sensible thing to do. It’s hard for a president to win a second term when unemployment is painfully high. If the economy were in full rebound mode, Obama might win anyway. But it isn’t, and it may fall into a second recession — in which case voters will decide his middle name is Hoover, not Hussein. Why not leave of his own volition instead of waiting to get the ax?

It’s not as though there is much enticement to stick around. Presidents who win re-election have generally found, wrote John Fortier and Norman Ornstein in their 2007 book, “Second-Term Blues,” that “their second terms did not measure up to their first.”

Presidential encores are generally a bog of frustration, exhaustion and embarrassment. They are famous for lowest moments rather than finest hours. Richard Nixon was forced to resign in disgrace, Reagan had the Iran-Contra scandal, and Bill Clinton made the unfortunate acquaintance of Monica Lewinsky.”

“The ideal candidate would be a figure of stature and ability who can’t be blamed for the economy. That person should not be a member of Congress, since it has an even lower approval rating than the president’s.

It would also help to be conspicuously associated with prosperity. Given Obama’s reputation for being too quick to compromise, a reputation for toughness would be an asset.

As it happens, there is someone at hand who fits this description: Hillary Clinton. Her husband presided over a boom, she’s been busy deposing dictators instead of destroying jobs, and she’s never been accused of being a pushover.

Not only that, Clinton is a savvy political veteran who already knows how to run for president. Oh, and a new Bloomberg poll finds her to be merely “the most popular national political figure in America today.”

If he runs for re-election, Obama may find that the only fate worse than losing is winning. But he might arrange things so it will be Clinton who has the unenviable job of reviving the economy, balancing the budget, getting out of Afghanistan and grappling with House Majority Leader Eric Cantor. Obama, meanwhile, will be on a Hawaiian beach, wrestling the cap off a Corona.”

Read more:

http://www.chicagotribune.com/news/politics/obama/ct-oped-0918-chapman-20110918,0,5039308.story

Remember this from Citizen Wells on June 27, 2011?

“I am not certain if Obama controls the Democrat party and they are concerned about 2012. Will the Democrats throw Obama under the bus?”

https://citizenwells.wordpress.com/2011/06/27/obama-under-the-bus-democrat-party-or-rezko-or-cellini-too-late-for-blagojevich/

And from August 20, 2011.

“The US Justice Department has been protecting Obama before and after the appointment of Eric Holder as Attorney General. Holder is under increased scrutiny and increasingly Obama appears to be unelectable. Will the Democrats throw Obama or allow Obama to be thrown under the bus? Or will Obama exit on his own?”

https://citizenwells.wordpress.com/2011/08/20/obama-thrown-under-bus-by-democrats-or-daniel-frawley-or-tony-rezko-or-rod-blagojevich-or-stuart-levine-or-william-cellini-obama-exits-2012-race/

Thanks to commenters Bill G & Pat 1789.

Obama economy worsens, Highest poverty rate, Unemployment claims rise, Unemployment rate 9.1 percent, Gas prices high, Obama wants to raise taxes on business

Obama economy worsens, Highest poverty rate, Unemployment claims rise, Unemployment rate 9.1 percent, Gas prices high, Obama wants to raise taxes on business

Obama, et al are ruining this country and it’s economy. Today we learn from the US Labor Department.

“UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

          SEASONALLY ADJUSTED DATA

In the week ending September 10, the advance figure for seasonally adjusted initial claims was 428,000, an increase of 11,000 from the previous week’s revised figure of 417,000. The 4-week moving average was 419,500, an increase of 4,000 from the previous week’s revised average of 415,500.”

http://www.dol.gov/opa/media/press/eta/ui/eta20111330.htm

The US Census Bureau just reported.
“Another 2.6 million people slipped into poverty in the United States last year, the Census Bureau reported Tuesday, and the number of Americans living below the official poverty line, 46.2 million people, was the highest number in the 52 years the bureau has been publishing figures on it.

And in new signs of distress among the middle class, median household incomes fell last year to levels last seen in 1996.

Economists pointed to a telling statistic: It was the first time since the Great Depression that median household income, adjusted for inflation, had not risen over such a long period, said Lawrence Katz, an economics professor at Harvard.

“This is truly a lost decade,” Mr. Katz said. “We think of America as a place where every generation is doing better, but we’re looking at a period when the median family is in worse shape than it was in the late 1990s.”

The bureau’s findings were worse than many economists expected, and brought into sharp relief the toll the past decade — including the painful declines of the financial crisis and recession —had taken on Americans at the middle and lower parts of the income ladder. It is also fresh evidence that the disappointing economic recovery has done nothing for the country’s poorest citizens.

The report said the percentage of Americans living below the poverty line last year, 15.1 percent, was the highest level since 1993. (The poverty line in 2010 for a family of four was $22,314.)”

http://www.nytimes.com/2011/09/14/us/14census.html

The reported unemployment rate remains at 9.1 %.

“THE EMPLOYMENT SITUATION — AUGUST 2011
Nonfarm payroll employment was unchanged (0) in August, and the unemployment rate held at 9.1 percent, the U.S. Bureau of Labor Statistics reported today.
Employment in most major industries changed little over the month.”

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

The tax and spend policies of Obama and his cronies are a huge part of why this economy is tanking. Obama is more concerned about getting reelected than he is  the lives of ordinary struggling Americans. He speaks of creating jobs (with the worst past performance on record) and raising taxes on businesses to do so. The next part is important. Pay Attention!

Businesses do not pay taxes. Consumers do!

Taxes are part of the cost of doing business. When taxes are raised, some combination of the following will occur:

1. Prices will be raised.

2. Employees will be let go or have reduced hours.

3. Hiring will be diminished.

We have enough revenue. Cut spending!

Gasoline Prices

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

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

Drill baby drill!