Unemployment

Proggies Act Surprised ….. We Told You So!

tiredoflibbs21 Comments

“On Obamacare……

As a result of obAMATEUR’s re-election and the highly improbability that ObamaCare being repealed, we’ve had several businesses come forward and state that this is going to affect the number of workers they have and hours they can work – two of them are  CEO of Papa Johns John Schnatter and Applebees franchisee owner Zane Tankel.  While these aren’t the only two, they are the latest business owners who have publicly stated the harmful impact that ObamaCare will have on their businesses, their workers’ jobs and benefits.

The proggies are “shocked”.  They took to Twitter to demonize these business owners (hey they learned from the professional agitator using Alinski, his mentor’s tactics) , and pushing for others to boycott their businesses.  Hey you proggies – Can’t say you weren’t warned!  Business owners have been out there telling you exactly what you had coming to you if obAMATEUR was re-elected and ObamaCare stayed the law of the land.  Of course, you chose not to listen to those warnings.  It doesn’t make it these business owner’s problems! We told you so!!!

On to raising taxes……..

obAMATEUR is consumed with obsession about raising taxes on the “rich”.  We hear it in the press about his “wanting to make a deal” with Republicans for the so-called “balanced approach”.  All we have heard so far is the raising taxes on the “wealthy” – some balanced approach!  The complicit media (aka the propaganda arm of the White House) has done nothing but interview Republican and talk about raising taxes.  They have yet to question the obAMATEUR about the other half of the “balanced approach” – spending cuts.  Recently, on Good Morning America, they stated concern how “spending cuts will affect the economy”!  Excuse me?  We have seen MASSIVE government spending stagnate an economy.  We have proof that tax cuts work – several instances in fact.  Even the CBO disagrees with the lopsided “balanced approach” on raising taxes – Raising taxes has nothing to do with our fiscal cliff and getting our finances in order..

“Just how much deficit reduction would Obama’s tax hikes on the rich necessarily accomplish?

Nothing, according to the Congressional Budget Office.

Letting tax rates rise to Clinton era levels for those families making over $250,000 a year would only raise $824 billion over ten years. That is not even enough revenue to undo the sequester that Obama promised “will not happen” during his final debate with Mitt Romney.”

If we gave you your way and CONFISCATED ALL THE WEALTH of the so-called targeted “wealthy”, you would have enough money to run the government for a few months.  That’s it!!!  We have a spending problem in this country.  This pResident who has ran up the debt than the first 42 presidents COMBINED!  Again, it is not our problem that you PREDICTABLY ignored FACTS and re-elected this buffoon.  We told you so!!!

More recent higher jobless claims ….

We now have 439,000 new jobless claims for the first full week after the disastrous reelection of the “one we have been waiting for” – the obAMATEUR and I do mean AMATEUR!  Pennsylvania and Ohio led the pack.  Two unionized states.  Two crucial states won by obAMATEUR.  The obAMATEUR sycophants are trying to put the best possible spin on these numbers — saying that they’re due to layoffs from Hurricane Sandy.  What utter CRAP!.  Layoffs in Ohio?  Pennsylvania?  Heavy union states?  We had New Jersey turn away NON UNION ELECTRICAL WORKERS, as an example of their dedication to union labor even in a disaster such as this!!!!

These layoffs are the direct result of re-electing this anti-business failure (a failure at everything he has put his hands on) of a pResident.  Businesses have been struggling that last four years.  There has been no recovery.  There have been BILLIONS of dollars spent by these businesses to comply with new regulations coming from this White House and the EPA.  The EPA will soon unleash the flood of new so-called “clean air” rules that will send energy costs through the roof.  Taxes on small business owners are going to rise.  Capital gains taxes on investors – going up.  There is absolutely NOTHING on the horizon with four more years of obAMATEUR that gives one iota of hope for a better business and economic climate ahead.  So … it’s time to go lean … and that’s just what these businesses are doing.  They’re shedding employees to get under the ObamaCare threshold. They’re looking for ways to get more efficient so that they can rid themselves of unnecessary workers.  As a result we see jobless claims are on the rise .. the highest number since the middle of 2011.

The obAMATEUR, his sycophants, drones and lemmings want to blame it on the storm.  Well .. .they’re half-right.  It’s a storm all right, but not Hurricane Sandy.  It’s the storm of taxes and regulations that are coming with the reelection of an anti-business, tax and spend president.

Elections have consequences.  Here’s your pink slip.  Enjoy.  And if you’re an obAMATEUR voter, I’m enjoying it right along with you.  You did it to yourselves.  We told you so!!!

 

Economic Growth

Retired Spook29 Comments

This AP article is at the top of my home page this morning, and, after reading it, this little light went on in my head about the main difference between the approach to government by Obama and Romney. Actually, it goes back to a comment I made the other day about the relationship between economic growth and employment. Obama believes government can create jobs, and actually claims his policies have done so. But there can be no meaningful private sector job growth without economic growth. In each of the last 3 years economic growth has been slower than the previous year, and yet, according to the BLS, unemployment has declined from 10.1% to 7.8%. That’s sort of like a college student telling his parents that his grade point average has gone from a 2.5 to a 3.0, but he’s only attended half of his classes. It’s just not believable.

Now are there things that government can do to affect economic growth? You bet, and our lack of economic growth is largely due to uncertainty in the market place caused by things governments have done over the last 4 years. And no amount of stimulus or QE infinity can erase the negative effects of bad fiscal, monetary and regulatory policy.  Government can’t just say to a private company: here’s some money — go hire someone.  The purpose of business is not to provide jobs.  Business exists to make money, and employees are nothing more than a by-product of a successful business.  Progressive Democrats (I know — redundant), by and large, don’t seem to be able to grasp this simple concept.  A President Romney may not be able to do any better, but a growing number of people think he couldn’t do any worse.

I know we have business people who frequent this blog — I’m one myself.  Let’s have a discussion about the circumstances under which you’ve hired people, how government actions, tax policy and regulations affect your business, and what changes a President Romney could make that would have a positive effect on the growth of your business.

 

obAMATEUR’s Pathetic Economic Recovery

tiredoflibbs96 Comments

The unemployment report on Friday was absolute proof of obAMATEUR’s failure as pResident to help our nation recover.  Millions of people remain unemployed or under employed and millions more have simply given up.  Specifics?  This list breaks down how bad things truly are under the obAMATEUR’s “Recovery” (in name only).

  • 5.1% – The current unemployment rate for government workers, which is the lowest unemployment rate for any of 17 different categories and subcategories of industries for which employment is tracked and published on a month-to-month basis by the Department of Labor.
  • 8.1% – The current national unemployment rate, which dropped .2% because 368,000 Americans dropped out of the labor force in August.  Do you understand what you just heard?  These people –368,000 of your neighbors and friends – just said the hell with it and gave up.
  • 8.4% – What the unemployment rate would be if the labor force participation rate had stayed the same as just last month – if those people had stayed in the job market and kept looking for work.
  • 11.2% – What the unemployment rate would be if we had the same number of people either working or looking for work now as we did when Obama took office.
  • 14.7% – The U-6 unemployment rate, which includes all of those who are unemployed and under-employed (part-time workers who want full-time work).
  • 39 – The average number of weeks that workers find themselves out of the jobs market (the long-term unemployed).
  • 43 – The number of consecutive months with joblessness above 8%.
  • 63.5% – The current labor participation rate, which is the lowest share of Americans over age 16 in the workforce since September 1981.
  • 2025 – If we continue to create jobs at a rate of just 96,000 per month, it will take until 2025 just to return to pre-recession unemployment levels.
  • 41,000 – The number of jobs created for the prior two months were revised lower by 41,000 jobs.
  • 96,000 – The total number of nonfarm jobs created in August.
  • 119,000 – There were 119,000 fewer Americans employed in August than there were in July.
  • 173,000 – The increase in the number of food stamp recipients for the last month for which we have data (June).  Compare that to the number of jobs being created …
  • 250,000 – The number of jobs per month needed to have significant job creation impact and bring down the unemployment rate.
  • 368,000 – The number of Americans who dropped out of the labor force in August.
  • 5 million – The number of jobs still needed to get back to the point where we were in the end of 2007.
  • 20 million – The number of unemployed, underemployed and discouraged workers who’ve left the labor force altogether.
  • 31 million – That’s the population growth since 2000, yet fewer Americans are working today than in April 2000.

UPDATE (since whiny proggy drones refuse to refute facts but nitpick at sources): Hat tip: Neal Boortz,  VERIFIED WITH: BLS, LA Times, ABC News, TIAA Cref, Census Bureau, Forbes – to name a few.  These pathetic facts along with raising taxes on all incomes for obAMACARE, increased food prices due to the drought and increased fuel costs (another obAMATEUR failure), faster rising (rising faster than it would have without obAMACARE) healthcare and premium costs due to obAMACARE and more people on Welfare and receiving food stamps than ever before.   obAMATEUR maintains that Americans are better off than they were four years ago (with little explanation).

It is no wonder obAMATEUR deflects the campaign to Romney’s tax records and other such attacks.  The man has no positive record on which to run.

These drones believe that I would put up FACTS that have not been verified?  They are in for extreme disappointment.  This is a DISCUSSION BLOG now refute the FACTS or STFU. – Rico you have used this cowardly dodge before.

 

Open Thread: BAraCKWARDS! Hope and Change A Miserable Failure!

tiredoflibbs42 Comments

Why? You ask that ‘Hope and Change’ is a miserable failure?

Well, for one thing, if he had a successful record on which to run we would not see the LIES and the PANDERING of certain groups from the left.

The Obama propaganda team tries to distance itself from the now-infamous Romney cancer ad.  But there’s one problem …

Re-igniting the war on women, at a campaign stop this week, Dear Ruler accused Republicans of wanting to take the nation“back to policies more suited to the 1950s than the 21st century.”

We have not one, not two, but three members of the ObamaMedia who say that Mitt Romney’s ad on Obama gutting welfare reform is raaaaaaaacist.

His green energy programs, most of which went bankrupt…

The Solyndra scandal widens … Obama’s staff arranged for him to be personally briefed last summer on the loan program to help clean-energy companies like Solyndra.

NEGATIVE net job creation even after the stimulus (over $1 trillion in new spending), in which we were promised unemployment would not rise above 8%.  We have been over that for FORTY STRAIGHT MONTHS.  His team predicted that we would be around 5.6%.

Compared with each president since 1945, Obama ranks dead last in job creation, losing 316,000 jobs.

On Monday, August 13, the national debt will reach $16 trillion.  Obama, the same ruler who in 2009 promised to CUT THE DEFICIT IN HALF by the end of his first term, is responsible for more than $5 trillion of that debt.

Out of control spending with the stimulus and other WASTEFUL programs, Solyndra, nationalizing the auto industry, cash for clunkers, omnibus spending bills, etc. etc.

How the Department of Homeland Security wasted millions of tax dollars on a chemical facilities security program.

“We must pass healthcare to see what is in it.” – we were sold a FRAUD when it came to healthcare.  Premiums are going up at a more alarming rate that BEFORE and actually seeing a doctor will take longer and care will be rationed to control costs.

Nearly two-thirds of employers expect to see a cost hike in their health plans when ObamaCare goes into effect in 2014.

A new CBO report says that under ObamaCare, 30 million non-elderly Americans will remain without health insurance in 2022.

And from the GOVERNMENT IS OUT OF CONTROL FILE:

The Oregon man convicted of collecting rainwater and snow runoff on his own property surrendered to authorities this week to begin serving his 30-day jail sentence.

The looters, moochers and drones will insist on four more years of this train wreck of an administration.

Pathetic.

Keep it civil people….

Update: whatever happened to:

“I will not sign a plan that adds one dime to our deficits — either now or in the future.” 
(Remarks by President Obama to a Joint Session of Congress, September 9, 2009)
This afternoon Budget Committee Ranking Member Ryan walked through why the bill put forward by Democrats FAILS the President’s deficit test.
Vice-Presidential candidate Paul Ryan took apart obamacare in six minutes.

The Wisconsin Recall Election

Retired Spook127 Comments

There’s a really interesting dynamic at work in Wisconsin, in the run up to the June 5th recall election of Governor Scott Walker.

The majority of polls show Walker once against beating Barrett, with a recent Public Policy Polling poll showing Walker garnering 50 percent of the vote to Barrett’s 45 percent.

This 5 percent margin was unchanged since PPP last polled Wisconsin voters in April, showing that the May 8 Democratic primary did nothing to help boost Barrett’s chances at beating Walker in June.

However, Barrett’s failure to catch steam might be at the fault of the Democratic National Committee (DNC). In an exclusive report by the Washington Post, top Wisconsin Democrats are furious at the DNC for not helping to fund Barrett’s gubernatorial bid against Walker.

“We are frustrated by the lack of support from the Democratic National Committee and the Democratic Governors Association,” a top Wisconsin Democratic Party official told the Washington Post. “Scott Walker has the full support and backing of the Republican Party and all its tentacles. We are not getting similar support.”

One has to wonder just what development has stalled the near hysterical fervor of Democrats to get rid of Scott Walker.  The secret could well lie in recent revelations that the Bureau of Labor Statistics may have knowingly or unknowingly represented a false picture of the jobs and unemployment situation in Wisconsin (gee, where have we heard that allegation before?)  I had read a while back that unemployment in Wisconsin had dropped from 7.8% to 6.9% in Walker’s first year in office, and figured that would be a plus in the recall election.  So I was more than a little surprised when Democrats began charging that, under Walker’s leadership, Wisconsin had the WORST job creation record in the entire country.  Sounded like fuzzy math to me, until a read this piece today:

Relying on an alternative set of jobs numbers, embattled Wisconsin Gov Scott Walker is touting job creation during his term in office, saying numbers from the federal Bureau of Labor Statistics — which show Wisconsin losing jobs during that period — are not accurate.

The new numbers from the Quarterly Census of Employment and Wages, released by the Wisconsin Department of Workforce Development, calculate that Wisconsin added more than 23,000 jobs between December 2010 and December 2011, the first full year of Walker’s term.

During his campaign, Walker promised to add 250,000 private sector jobs in his first term as governor.

The numbers diverge sharply from BLS stats, which showed Wisconsin lost 33,900 jobs over that same period. That put the Badger State in last place for job creation nationwide.

Wisconsin’s number-crunchers claim their numbers are more accurate because they are based on data from “nearly all Wisconsin businesses.” The BLS numbers, by contrast, are an estimate based on data from 5,500 Wisconsin companies, which comprise just 3.5 percent of the Wisconsin workforce.

“It looks like 160,000 Wisconsin employers helped show us the thousands of new jobs that BLS estimates missed last year,” Wisconsin Department of Workforce Development Secretary Reggie Newson said in a press release. “The bottom line is Wisconsin added jobs in 2011.”

Obama’s only chance at getting reelected is for published national unemployment figures to come down at least another percentage point, since no president since FDR has been reelected with unemployment over 7.2%.  It’s pretty clear that what we need on the national level is a coordinated effort on the part of the Departments of Workforce Development from each state to come up with a comprehensive report and then compare it to the figures presented by the federal Bureau of Labor Statistics.  My sense is that most thinking Americans already know that the 8.3% unemployment and the 4.1 million jobs created or saved are simply made up figures, but it would be nice to have something besides a NewsMax headline telling them that their intuition is right.