Tag Archives: Deficit

Obama jobs economy speech lies, Job creation, Health care costs, Deficit, Truth is record labor force participation food stamps deficit part time job creation, Increasing health care costs

Obama jobs economy speech lies, Job creation, Health care costs, Deficit, Truth is record labor force participation food stamps deficit part time job creation, Increasing health care costs

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

How do you know when Obama is lying?

When his lips are moving.

From a speech Obama gave on January 7, 2014.

“You know, a few weeks ago I said that 2014 could be a breakthrough year for America. Think about it. Five years ago this month, our economy was shedding 800,000 jobs, just in one month. But as Americans buckled down and worked hard and sacrificed, we began to come back. And our businesses have created more than 8 million new jobs since we hit the bottom. Our auto industry’s gone from bust to boom. Manufacturing’s rebounding. The housing market’s rebounding. Stock markets are restoring retirement accounts. The promise of energy independence is actually in sight. Health care costs eat up less of our economy. Over the past four years, costs have grown at the slowest rate on record. And since I’ve took office, we’ve cut our deficits by more than half.”

http://www.washingtonpost.com/politics/transcript-president-obamas-jan-7-remarks-on-unemployment/2014/01/07/79c65704-77bc-11e3-b1c5-739e63e9c9a7_story.html

Now for the truth.

28,223,000 Americans were on food stamps when Obama took office.

At the end of 2013 there were 47,636,000 Americans on food stamps.

When Obama took office in January 2009 vs December 2013.

Labor Force Participation Rate then 65.7   now  62.8

Employment-Population Ratio then  60.6   now  58.6

Not in Labor Force then  80,529,000 now  91,808,000
Not in Labor Force want a job now then  5,708,000 now 6,111,000
Could only find part time work then 1,671,000 now 2,586,000
From the Independent Journal Review.
“The Poverty President: How Obama’s Economic Policies are a Disaster”
“Since the moment he came into office, President Obama has pursued the same failed liberal policies that extended the Great Depression, instituted the socially corrosive Great Society programs, and has grown government beyond America’s ability to afford it. Estimates of the U.S. long-term unfunded liabilities range from $87 trillion to an astounding $211 trillion.
One of the first measures Obama undertook was passing an ultimately $812 billion “stimulus” program. After glibly admitting that ‘shovel-ready (jobs) was not as shovel-ready as we expected,’ the U.S. is still far off the jobs trajectory projected by his advisers; while it was presumed the U.S. would be near 5% unemployment, we are at 7.3% — and that’s with millions dropping out of the workforce.
Instead of focusing on generating jobs and growing the productive economy, President Obama decided to work with the Democrat Congress to force through a trillion-dollar boondoggle known as ObamaCare against the objections of the majority of Americans.
President Obama said in an ABC News interview in 2009 that if Congress did not pass health care legislation that brought down costs, the federal government “will go bankrupt.” The ten-year cost estimate since then has tripled from $900 billion to nearly $2.7 trillion, and the GAO estimates the program will add $6.2 trillion in debt liability.
The “unintended consequences” of the ObamaCare provision that employers with 50 or more full-time employees at 30 hours a week or more must offer certain health insurance plans has predictably led to small businesses with more part-time employees. While the president has illegally suspended his enforcement of duly passed law, the “employer mandate” provision, full-time hiring is not expected to pick up due to long-term uncertainty.
Nearly 2.5 million of the ‘jobs created’ under President Obama are part-time; as a separate figure, 2.7 million of those ‘jobs created’ are temporary hires — a 50% increase over Obama’s time in office.
The president claims he has created 7.2 million jobs. According to the Bureau of Labor Statistics, there were 154,526,000 in the Civilian Labor Force in February 2009 and in June 2013 there were 155,835,000. That would be a net gain of 1.309 million more people working civilian jobs as of the latest figures. The labor force participation rate of 63.5% is hovering at the lowest levels since late 1978.
Even if we took this at face value, like a good Democrat loyalist would, this is still less than half the people added to the food stamp rolls — 15 million folks. The escalating gas, electricity, and food prices, as well as the ObamaCare “sticker shock” on health insurance premiums for an estimated 75% of Americans will not ease their budgets. And the AP now estimates that 4 in 5 Americans are in poverty, low-income, or have no jobs.”

Read more:

http://www.ijreview.com/2013/07/69124-the-poverty-president-how-obamas-economic-policies-are-a-disaster/

Tuesday, October 13, 2009, Citizen Wells, Open Thread, Obama, US dollar, Glenn Beck, Deficit, Government spending, Gold, Silver, Leo Haffey in jail

FREE LEO THE ATTORNEY FROM JAIL

 

Yesterday, October 12, 2009, was full of thought provoking and scary news items. Glenn Beck on Fox News did a superb job of exposing the Obama camp for treating Fox News, and in essence the American public, as the enemy. Beck also revealed who loses and who benefits from government run healthcare. His use of charts and simple explanations was reminiscent of Ross Perot and his techniques should be used by more politicians. Except for maybe one thing. Most politicians do not want to reveal the facts. Beck also has continued to warn of the decline in value of the US Dollar and has provided ideas to safeguard our assets.

Yesterday we learned that a six year old boy, a youngster who was proud of being in the cub scouts, was expelled from school for bringing his new cub scout knife to school. The young boy now faces the possibility of 45 days in a reform school.

What a bunch of idiots!

Barack Obama has lied and thugged his way into the White House and the six year old boy is expelled!

We also brought you a story about an ACORN worker who was convicted of voter fraud in Ohio.

This is an open thread for October 13, 2009. We are still waiting to find out what is going to happen to Nashville attorney Leo Haffey who was arrested on suspicious affidavits, denied bond in a hearing by presiding judge Gloria Dumas, who received a lengthy formal complaint from the TN Judiciary for illegal and unprofessional behaviour a few days later. Is Leo Haffey a political prisoner?

I recently delved into my archives regarding voter fraud in NC and found a really interesting document. I hope to reveal it to you soon.

I hope to share with you my plans to galvanize the public leading up to the 2010 elections. Please share this thought with bloggers that you trust and respect. We must gel as a cohesive group.

I have a collection of facts and thoughts on health care reform I have worked on. I hope to share that soon.

And speaking of Captain Connie Rhodes, her commanding officers and judge Land, I have not forgotten you either.

Wells