Tag Archives: unemployment

Unemployment: Tinkering with the Numbers?

CA unemployment line. Photo: Wikimedia

Did you watch the news last week?  A miracle fell into the lap of the president. Three precious weeks before the hotly contested presidential election the ‘newly unemployed’ claims dropped to an unexpected low.

Coupled with the surprising unemployment decline these numbers were heralded by the left as a sure sign this was truly the beginning of the recovery and there were high-fives all around the MSNBC offices. To get unemployed numbers 40,000 less than expected was truly manna from the heavens and fed into the Democratic narrative of an improving economy. These good numbers quickly were incorporated into stump speeches by the left.

But…hold the applause… within a few hours it was reported that one ‘large’ state had not reported all its information. The large state soon revealed as California, a state with critically high unemployment. No, it wasn’t a holiday that interfered but perhaps one government worker was on vacation and didn’t get all the paperwork done. Additionally, multiple economists questioned how the unemployment percentage could be real. Businesses reported only 114,000 real jobs created while an extrapolated 800,000 people found work.

No matter. Democrats across the country gleefully reported these flawed statistics touting their candidate as ‘the one’ who could get us through this trouble he had inherited.

 Until today.

 Job numbers released this morning took a sharp swing on the pendulum back the other direction. As CNBC sadly headlined, Weekly Jobless Claims Drop Proves to be Short-lived.” The timing for those errant numbers last week are suspicious in the least. But those who watch these unemployment claims each week point to an alarming trend of underreporting. The released figures have been revised upward each week for more than 40 weeks in a row.  

Of course, it’s anticipated that President Obama will choose to ignore this week’s numbers. He’ll continue to spin that with more time and more tax payers’ money he will figure out how to fix this mess our country is in.

Still we are left with a significant question: Is it possible for this data to be tinkered with? It will be interesting to see how the numbers are reported once our new administration takes over in 2013.

 

Young Women Overwhelmingly Favor Lower Taxes and Less Government Spending to Help Job Creation

Majority of 18-29 year old women favor reduced government spending and tax cuts

Generation Opportunity released new polling data today on young women (18-29) showing they want smaller government and lower taxes.

“Young women don’t want someone who just talks a good game – they want someone who gets the job done. They are sick of empty promises, flashy gimmicks, and meaningless endorsements. Young women are being devastated by this economy and denied opportunities for independence so that they can build a future for themselves. Through no fault of their own, their lives have been placed on hold. They are paying for this administration’s failures personally through the lack of job opportunities. With unemployment for young women far above the already high national unemployment rate, they know the status quo is unacceptable, and they know that we can do better,” said Amber S. Roseboom, Executive Vice President of Generation Opportunity and a former Deputy Chief of Staff of the United States Office of Personnel Management.

“The message to Washington and to candidates from young women is clear – get out of the way – lower taxes and lower federal spending to get this economy moving again. To stubbornly press forward with an agenda that increases taxes and federal spending at the expense of jobs and opportunity is unfair and callous. For those who would arrogantly suggest that women either don’t care about a candidate’s record in office or will simply vote on a narrow band of issues, they had better wake up – women are paying attention, and they plan to vote this November,” Roseboom continued.

According to Generation Opportunity, the non-seasonally adjusted youth unemployment rate for 18-29 year old women in September 2012 was 11.6 percent.

The nationwide survey* was conducted by The Polling Company, inc./WomanTrend for Generation Opportunity  between July 27 and July 31, 2012 and contained a sample of  1,003 young adults ages 18-29.

YOUNG WOMEN ON GROWING JOBS, THE ECONOMY, AND AMERICAN PRIORITIES

  • 77% would decrease federal spending if given the opportunity to set America’s fiscal priorities.
  • 68% of young women agree with the statement “if taxes on business profits were reduced, companies would be more likely to hire.” Only 25% disagree.
  • 61% of agree with the statement “the economy grows best when individuals are allowed to create businesses without government interference.” Only 26% disagree.
  • 69% of 18-29 year old women agree with the statement “if taxes were lowered, the U.S. economy would grow faster.” Only 21% disagree.
  • 66% prefer reducing federal spending over raising taxes on individuals to balance the federal budget.
  • 51% of Millennial women would decrease taxes on individuals if given the opportunity to set America’s fiscal priorities.

YOUNG WOMEN – ON ELECTED LEADERS, POLICIES IN WASHINGTON, AND THE 2012 PRESIDENTIAL ELECTION

  • 78% of young women plan to vote in the election for President this year.
  • Only 37% believe that today’s political leaders reflect the interests of young Americans.

YOUNG WOMEN – SHORT-TERM AND LONG-TERM DECISIONS IMPACTED BY THE POOR ECONOMY

  • 90% of 18-29 year old women changed some aspect of their day-to-day lives because of the current state of the economy (Accepted multiple responses) (Randomized):
  • 65% – reduced entertainment budget;
  • 56% – reduced grocery/food budget;
  • 48% – cut back on gifts for friends and family;
  • 43% – skipped a vacation;
  • 40% – driven less/relied more on public transit;
  • 39% – taken active steps to reduce home energy costs;
  • 32% – tried to find an additional job;
  • 27% – changed living situation (moved in with family, taken extra roommates, downgraded apartment or home);
  • 27% – sold personal items or property (cars, electronic appliances, or other possessions);
  • 18% – skipped a wedding, family reunion, or other significant social event;
  • 2% – other, specified;
  • 8% – none of the above (accepted only this response);
  • 2% – do not know/cannot judge (accepted only this response).
  • 84% of Millennial women have delayed or might not do at least one major life event due to the current state of the economy (Accepted multiple responses) (Randomized):
  • 40% – buy my own place;
  • 35% – go back to school/getting more education or training;
  • 31% – pay off student loans or other debt;
  • 29% – change jobs/cities;
  • 28% – start a family;
  • 25% – save for retirement;
  • 22% – get married;
  • 13% – none of the above (accepted only this response);
  • 3% – do not know/cannot judge (accepted only this response).
  • 62% believe the availability of more quality, full-time jobs upon graduation is more important than lower student loan interest rates.
  • 75% believe that the lack of job opportunities is shrinking the American middle class.


*The survey Randomly selected online opt-in panel participants were sent an invitation to the survey via email which included a secure link to the online questionnaire. Quotas were used to ensure the survey was representative of the larger 18-29 year old nationwide population with regard to race, region, and gender. The data were NOT weighted. The overall sampling margin of error for the survey is ±3.1% at a 95% confidence interval, meaning that the data obtained would not differ more than 3.1 percentage points in 95 out of 100 similar samples obtained. Margins of error for subgroups are higher. Women comprised 49% of the total sample for this study.

Coca Cola Leaves Greece

It’s not the real thing anymore. The country of Greece, facing continuing problems learned today that Coca Cola Hellenic will leaving them. This news is particularly devastating as unemployment in Greece jumped over 25% this week.

Coca Cola Hellenic announced it will be shifting its trade listings from Athens to London and moving headquarters to Switzerland. As the largest company in Greece this loss is a further blow to the sinking Greek economy.

From the Economic Times: CCH’s announcement coincided with data that showed Greek unemployment climbing for a 35th consecutive month in July to 25.1 percent from a revised 24.8 percent in June. The jobless rate has more than tripled since the country’s now five-year-old recession began.

Fifty-four percent of Greeks under 24 continue to be jobless fueling more riots as the country struggles to regain its footing.

Unemployment Rate Drops Just Before Election – Convenience or Miracle?

It’s a miracle! The Bureau of Labor Statistics (BLS) says 873,000 people found work, yet it reports only 114,000 new jobs were added.

Or did the BLS “cook the books” so as to make the unemployment rate convenient for President Barack Hussein Hubris “kill list” Obama? Let’s examine recent events, and what the BLS figures mean to the Labor Department, the BLS, and Obama with respect to the MSM.

First, we had the Labor Department “find” 386,000 jobs – a miracle in and of itself. Then the BLS reported, on October 5, 2012, that the September “official” U-3 unemployment rate is 7.8 percent. Both revelations were met with derision. As Daniel Horowitz at RedState.com said, “Today’s [Friday’s] report of September employment is so bizarre that it’s hard to comprehend, much less give over.” And, Rick Santelli, on CNBC’s “Squawk Box,” said, “I told you they’d get it under 8 percent – they did!”

Labor Secretary Hilda Solis defended the BLS unemployment report, saying, “I’m insulted when I hear that, because we have a very professional civil service … have the highest regard for our professionals that do the calculations at the [BLS]. They are trained economists.”

Retired GE CEO Jack Welch weighed in on this subject, saying “I have no idea where this number came from. I don’t know what the right number is, but I’ll tell you these numbers don’t smell right when you think about where the economy is right now.”

John Williams, head of Shadow Government Statistics, says, “I normally put out a commentary on the numbers, and, in this one, I raised the possibility of politics as a factor. The problem is very serious misreporting of the numbers and the result is what appears to be a bogus unemployment rate.”

Now Gallup chief economist, Dennis Jacobe, is saying that the 7.8 percent unemployment rate should be discounted. As James Pethokoukis writes:

“In a blog post, Dennis Jacobe, Gallup’s chief economist, writes that he seriously doubts whether the economy created nearly 900,000 jobs in September, as measured by the Labor Department’s seasonally adjusted household survey. While the payroll survey of businesses and government showed just 114,000 net new jobs created, the household survey showed a jobs boom, and it’s the latter [the 900,000 jobs “created”] which is used to calculate the unemployment rate.”

“His [Jacobe’s] bottom line: ‘The Household results should be discounted. … The obvious conclusion is that a new employment measure is needed’.”

Jacobe prefers a measurement created by Gallup: Payroll to Population (P2P), or “the number of Americans employed full-time for an employer as a percentage of the US population.” The P2P dropped by 0.2 percent, 45.3 percent to 45.1 percent, from August to September, “suggesting the real jobs situation was essentially unchanged last month.”  [emphasis by Pethokoukis]  Never mind that the low P2P percentage is, itself, bad enough.

How, specifically, did the BLS arrive at the 7.8 percent unemployment rate figure? Two things must simultaneously happen: (1) the number of unemployed people must fall, and (2) the number of employed people must increase. Let’s now see what the BLS used to get that number. According to the BLS, the number of unemployed people dropped by 456,000, the largest September one month decline in BLS data history. And, according to the BLS, the number of employed people increased by 873,000, the largest September one-month gain BLS data history. Did y’all catch that? Both the increase and decrease were the largest in BLS history. Coincidence? Suuuuuuuuuuuuuuuuure! How convenient! Or was this just another BLS miracle? The BLS figures don’t pass the “smell” test. Yet Solis chooses to defend them.

This source explains, in much greater detail, just what the BLS did.

So, if anyone wants to argue, bring your economics credentials and argue with Williams and Jacobe. Or bring your CEO credentials and argue with Jack Welch.

This nugget of information has come forth. Have you ever heard of Harley Frazis or Stephen Phillips? They have (at least) two things in common: (1) they are both economists at the BLS, and (2) they are both Obama contributors. I’m not saying that they in any way influenced the current unemployment figure, but “something is rotten in the state of Denmark” in light of the BLS figures and procedures.

We have the Labor Department and the BLS now performing miracles. And Hilda Solis defends them both. What’s next? Is the “Tooth Fairy” going to make an appearance at the BLS? And if the Tooth Fairy makes an appearance, will Obama embrace him as he has done the BLS figures? And will the MSM report the event with no skepticism?

The BLS claim was so ridiculous that it appears now to be backfiring. People not in-the-tank for Obama, who can and will examine what the BLS is doing, are beginning to examine the BLS numbers and procedures, and to call them what they are: made-up figures intended to make Obama (and his economic policies) look good.

But that’s just my opinion.

Please visit RWNO, my personal web site.

Job Numbers: Real or Manipulated?

Did you hear about last month’s surprisingly positive jobs numbers? While an elated Team Obama cheered, the startling jump caused others to speculate how a phone poll managed to extrapolate 800,000 found work when the business survey indicated only 115,000 jobs were created.

Were these numbers skewed? Former GE CEO Jack Welch tweeted out: “Unbelievable jobs numbers. These Chicago guys will do anything … can’t debate so change numbers.” He later stood by his tweet: “These numbers just don’t go with the economic activity.” Welch said. “You draw your own conclusions.”

Of course the Department of Labor  and its supporters bristled at the idea they might have falsified or stretched the data.

Economic Policy Institute President Lawrence Mishel told the Business Insider:  “It’s a shock to hear that anybody can think that these numbers were manipulated. Having followed these numbers for 25 years and knowing the people who put them out it’s absolutely bizarre…It’s outrageous. The data is based on surveys of tens of thousands of employers and households every month.”

But agree or not the total number of employed is now 3 to 4 million fewer than in 2009. For many it still feels like it’s a tough market.

Business News:”The nearly entire reduction in unemployment from its 10 percent peak in October 2009 has been accomplished through a significant drop in the percentage of adults participating in the labor force — either working or looking for work,” University of Maryland economist Peter Morici said.

How many families have had to accept lower wage or part time work while they wait for a change in the economy? And are these people adequately represented in the Department of Labor numbers?

Whether we believe the September job numbers are true or not there are still too many struggling to find permanent, full time employment. For them this new ad by Americans for Prosperity depicts a real life scenario.

 

 
 

Unemployment 7.8% October Surprise

After having his hat handed to him and being shown the door by his opponent in a debate performance so poor for Barack Obama that his only recourse was to bully Mitt Romney on the campaign stump the next day, what is a candidate hoping for re-election supposed to do to change the momentum?

Have the Labor Department revise previous unemployment numbers to show that the economy created 86,000 more jobs during the summer than first reported, then conclude that as a result, the unemployment rate has actually fallen below 8.1 per cent in for the first time in almost four years.

What a coincidence.  Just like magic.

The Labor Department reported the economy had added 114,000 jobs in September.  That is not fast enough to keep pace with population growth, much less reduce the rate of unemployment.

If growth in the human population is creating new workers faster than economic growth is creating new jobs, how is it possible that the unemployment number went down?

And why did it unexpectedly happen in a report issued immediately after an Obama debate performance that left him on the ropes and displayed his weakness to a television audience of 67.2 million?

How about that?  A sudden, unexpected, unexplainable change in the jobs numbers making them more favorable to Obama’s re-election aspirations.  And it just so happens to occur at a crucial moment in the presidential race.

Mysterious.

The fact is so many people have had such little success finding work they have fallen out the unemployment data pool.  How does that mean jobs outlooks are improving?  They have been out of work for so long they have reached their 99 week unemployment insurance benefits limit and thus are no longer counted by the Labor Department.

This artificially lowers the unemployment statistics and creates a false impression that “progress” is being made in the single most important number to struggling unemployed Americans.

Can you say false “Hope”?

Of course, this does not deter the “re-elect Barack Obama at any and all costs” members of the “progressive” Party Pravda.

What was their reaction?

Yahoo News headline: “US jobless rate falls to 7.8 pct., 44-month low.”  The sub-headline: “US unemployment rate falls to 7.8 pct., lowest since 2009, giving Obama a potential boost.”

First paragraph: “The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away.”

If this is not intended solely to make Obama look good at precisely the moment his campaign hits rock bottom, then Hugh Hefner is a virgin.

http://mjfellright.wordpress.com/2012/10/05/unemployment-7-8-october-surprise/

Questionable jobs report: Unemployment hits 7.8% in September “Unexpectedly”

Despite slowing job growth, strangely, the key unemployment rate fell .3% to 7.8% due to an unexpected upward 86,000 job revision by the Department of Labor.

Secretary Solis spent the morning defending the rosy unemployment rate that is based on questionable revisions. Upwardly revising public sector employment  by tens of thousands of jobs in the report out just after her boss’s dismal performance in the first presidential debate.

Solis even tried to suggest that the upward revisions were in private sector jobs, which would indicate a strengthening jobs picture, but was rebutted by her own department’s statistics.

This is not the first report full of questionable statistics. As John Nolte at Big Government reported:

Finally, this is the second hinky looking report/revision from the Bureau of Labor Statistics in as many months. Just days ago, 400,000 jobs were “discovered“–almost the exact number Obama needed to have a record of creating more jobs on his watch than were lost.Payroll Survey shows slowing jobs growth

The question remains how many more hidden jobs will be found in the final report before the election due out on November 2nd.

Jobs Report Overview

The Bureau of Labor Statistics report released today showed that only 114,000 new jobs were created – a slowing from the 2012 average of 147,000 jobs per month and 153,000 jobs per month in 2011. The report offers little explanation for the statistical drop considering the lack of new jobs in September.

Underemployment, or those taking part-time or underpaying jobs due to economic conditions, rose from 8.0 million to 8.6 million.

The number of workers looking for work in the last 12 months, but unable to find it was unchanged from a year ago at 2.5 million.

The long-term unemployed numbers were unchanged with 4.8 million job-seekers unable to find work for 27 or more weeks. This distressing number makes up 40.1% of all unemployed persons.

Health care lead the way with 44,000 new jobs in September. Transportation and warehousing followed with 17,000 new jobs while the financial sector added 13,000.

Manufacturing led the way in job losses with 16,000 jobs being erased which leaves the sector with flat hiring since April.

Oddity in the Household Survey shows drastic jump in employment

The household survey respondents indicate that 873,000 new jobs were found in September. Since the civilian labor force grew only 418,000, that means 52% of all job gains were in the public sector. The economy needs strong private sector growth to heal.

According to the Bureau of Labor Statistics own site:

The payroll survey provides a highly reliable gauge of monthly change in nonfarm payroll employment. The household survey provides a broader picture of employment including agriculture and the self-employed

The level of disparity between the household and payroll surveys is irregular, but not inexplicable. The loose definition of employment in the household survey is likely the reason. While the payroll survey only counts those with paying jobs, the household survey counts “self employed, unpaid family workers, agriculture and related workers, private household workers, and workers absent without pay.”[1]

Another reason for the oddity could be the dramatic difference in sampling errors. While the payroll survey covers businesses that account for about one-third of all employment, the household survey only covers 60,000 households which is an infinitesimally-small sample of all households in the nation.

While the employment survey needs a change of approximately 90,000 jobs to show statistical improvement, the household survey requires a month-over-month change of 436,000 jobs. Equivalence would therefore be expected if the payroll survey had increased by 180,000 jobs for parity.

An assumption would be that the large increase in the housing survey was due to low-quality jobs in agriculture and the non-paying family member sectors – hardly a reason to celebrate.

Sources:
[1] Employment from the BLS household and payroll surveys – http://www.bls.gov/web/empsit/ces_cps_trends.pdf

Romney Destroys Obama in First Debate, Left-wingers Go Nuts

Romney took Obama to school Wednesday night

We all got a shot of life Wednesday night from Mitt Romney.  I received a lot of flak, and some insults, for my previous post castigating Romney for lacking joie de vivre, but he came out swinging and left the president looking for his teleprompter.  While some posted polls in the comment section to show Romney’s campaign wasn’t in trouble since we’re in a dead heat – we should all be thanking Obama’s poor economic policies for that buffer. Regardless, Romney was prepared for battle, while the president was utterly unprepared and began to ramble towards the end of the debate.

Romney was animated.  He was, as Steve Schmidt put it, “clear, cogent, and concise.”  He also delivered his remarks in a tone we haven’t heard before. It displayed a sense of confidence that is a critical quality for the position Obama currently occupies.  In all, it was polished and presidential.  One could easily see Mitt Romney in the Oval Office with his cool delivery that seemed to make the president very uncomfortable.  However, detractors will say that he’s had plenty of debate preparation concerning the grueling Republican primaries, although I’m not sure how being prepared can be construed as a negative.  After all, the president called his own debate preparation a “drag.”  Even though it was made with facetious overtones, it conveyed a sense of arrogance and unseriousness that has been one of the main criticisms hurled at the president.  He assumed he would get bonus points for being the leader of the free world and he was grossly and ignominiously mistaken after his first bout with Romney.

Concerning Romney, I think it was for the first time that we saw him begin to understand what it means to be a conservative.  The comparing and contrasting between private markets and government-oriented programs within the health care market was a good example.  The notion that states are the “laboratories for democracy” was one of my favorite lines of the night.  However, when the question about the role of government was asked – Romney successfully channeled his inner Madison and reiterated that the role of the state is to”promote and protect the principles” outlined in the constitution and the Declaration of Independence.  Furthermore, he stated that our rights come from our creator, not from government.  Our founders, especially Madison, believed that rights preceded government and drafted a constitution to embed those rights so that other may not take them away.  Adhering to that notion is a  ”severely” conservative affirmation.

While the president may have had a brief moment of exuding his presidential attributes with Medicare, he was often dominated by the litany of facts thrown at him by Romney highlighting the economic pain his presidency has inflicted upon the nation.  The right hooks Romney delivered on jobs, the economy, and the crony capitalism connected to green energy rendered Obama’s statement on corporate welfare for oil companies moot.  Furthermore, Obama seemed to sabotage his own efforts to scare seniors with the false narrative that Romney wants to destroy Medicare.  He agreed that Romney’s reforms to our entitlement programs aren’t that much different from his policies.

As a result, the president gave Romney the death stare midway through the debate.  There’s no doubt that the stare, coupled with the puckered up lips, were indicators that Romney got under Obama’s skin.  In an ironic twist, Obama seems to have become John McCain concerning the feelings of indignation towards those who dare to have opposing views on the issues.  For Obama, Romney disagreeing with him isn’t just wrong – it’s somehow reprehensible.

However, there are still some conservative critics, who agree that Romney crushed the president, but ceded policy ground.  Philip Klein of The Washington Examiner posted a buzzkill column on October 3 reiterating the:

…two reasons why for conservatives to keep their exuberance in check. In past elections, it isn’t uncommon for the rusty incumbent to come off lousy in the opening debate. This was the case when Walter Mondale won the first 1984 debate against Ronald Reagan and John Kerry won the first debate against George W. Bush. In both cases, the incumbents recovered in the subsequent debates, and ended up winning the election.

Another reason for caution is that Romney, as part of his efforts to disarm Obama’s criticisms, made a number of policy concessions that could box him in and make it more difficult for him to govern as a limited government conservative if elected. At various times during the debate Romney said that he wasn’t interested in cutting taxes, particularly on the wealthy; that he would cover individuals with pre-existing conditions; that he wouldn’t touch Medicare and Social Security over the next decade and would be willing to give more money to seniors for prescription drugs; and that he’d be open to hiring more teachers. Should he be elected president, all of the major fights – repealing Obamacare, overhauling the tax code and reforming entitlements – will trigger a massive campaign by liberals to portray him as trying to hurt the poor to the benefit of the rich. If he is so willing to concede policy points during the campaign, will he fight for limited government as president?

However, as Joel Pollack wrote on Breitbart, “on health care–which might have been Romney’s weakest issue–Romney argued for the repeal of Obamacare as the best Tea Partier might have done, attacking the board that the law sets up to ration care as a cost control mechanism. The best that Obama could do was remind voters–as if they did not already know–that Romney had passed a health insurance law in Massachusetts. He had to concede one of the best arguments Romney offered–that Obamacare has actually increased the cost of insurance so far.”

Furthermore, if you go to Mitt Romney’s campaign site, coupled with his support for the Ryan budget, you can see that not only will taxes be lowered for everyone – he’ll eliminate the death tax and push for tax reform.  However, the deductions he’ll eliminate has been a rather nebulous subject. Lastly, with an active and vocal Tea Party contingent in Congress – Mitt, if elected, would have to operate as a small government conservative since (a) he owes us and (b) nothing would get done with Democrats and Tea Partiers forming an unintentional coalition to block his agenda.  Democrats obstructing because he’s Mitt Romney and tea partiers obstructing because it doesn’t cut enough spending, reform the welfare state enough, or does enough to pay down the national debt.  Politics sometimes makes strange bedfellows.  Lastly, the reaffirmation to uphold the principles of the constitution is a tacit agreement that Romney would adhere to the Madisonian ideals of limited government.  If he’s elected president and becomes squishy – he should be prepared for a primary challenge, despite the historical ramifications of such an action.

However, while Republicans rejoiced, Democrats must have felt like the world was ending.  It brought on reactions of disbelief and abject anger from MSNBC.  Chris Matthews, Obama’s number one fan, was quite agitated during MSNBC’s post-debate coverage.

CHRIS MATTHEWS: Tonight wasn’t an MSNBC debate, was it? It just wasn’t. It didn’t mention all the key fighting points of this campaign. […] I don’t know what he was doing out there, he had his head down, he was enduring the debate rather than fighting it.

Romney on the other hand, came in with a campaign, he had a plan. He was going to dominate the time, he was going to be aggressive. He was going to push the moderator around, which he did effectively. He was going to relish the evening, enjoying it. Nothing to do with the words he spoke.

Here’s my question for Obama. I know he says he doesn’t watch cable television but maybe he should start. Maybe he should start. I don’t know how he let Romney get away with the crap he threw out tonight–about Social Security.

Listen to the stuff he got away with. He said, you know, emergency room–the latest thing we got from Romney because he said so was you know what I want to do with people when they’re poor? Shove them in the emergency room. Why didn’t Obama say that? Why didn’t he say that?

You talk about Social Security and Medicare people, they’re part of your 47 percent, you want to drop them from the list of eligible Americans. You don’t have any care for these people. What are you talking about? We’ve got it on tape, Governor! We’ve got it on tape what you think of these people! Don’t come out here and pretend you care about old people because you met somebody at some campaign event, you’ve written off 47 percent of the country before you even started!

Where was Obama tonight?! He should watch, well not just Hardball, Rachel [Maddow], he should watch you, he should watch the Reverend Al [Sharpton], he should watch Lawrence [O’Donnell]. He would learn something about this debate.

There’s a hot debate going on in this country and you know where it’s being held? Here on this network is where we’re having this debate. We have our knives out, we go after the people on the facts, what was he doing tonight?! He went in there disarmed, he was like, ‘oh wait, an hour and a half, I think I can get through this thing and I don’t even look at this guy.’

Whereas Romney — I love the split-screen — staring at Obama, addressing him like prey. He did it just right. ‘I’m coming at an incumbent. I got to beat him. You’ve got to beat the champ and I’m going to beat him tonight. And I don’t care what this guy, the moderator, whatever he thinks he is because I’m going to ignore him.’

What was Romney doing? He was winning. […] If he does five more of these nights, forget it. […]

Obama should watch MSNBC, my last point. He will learn something every night on this show and all these shows. This stuff we’re watching, it’s like first grade for most of us. We know all this stuff.

Ed Schultz’s blood pressure went through the roof lamenting how he was “stunned” that Obama was “off his game.”  I think liberals are finally coming to the realization that President Obama isn’t a good debater and lost almost every battle with Hillary Clinton back in the ’08 primaries.  Allahpundit posted about the mayhem from Twitter concerning the president’s debate performance.

Michael Moore tweeted:

Lastly, Bill Maher commented on Obama’s utter lack of direction during the debate with this:

Yes, liberals were in shock and awe concerning how bad the president, the best thing since the resurrection of Christ, performed, but that’s not to say it’ll be the same the next time Obama and Romney duke it out.  However, I’m confident that Romney won’t be the push over that some in the media were conveying before Wednesday night’s smackdown.

Mitt surely stepped up his game during the debate and I found myself enthused for the first time, in a long time, since Romney began his campaign for the presidency last year.  However, I admit that I backed Perry before his epic meltdown.  Nevertheless, Romney has shaken off the criticism that he’s robotic and proved to his skeptics that he’s passionate, hungry, and ready to lead this nation towards economic prosperity.  Mitt is definitely here.

ICYMI:

Originally posted on Hot Air.

The Plantation President and His Party (Part Two)

The article that preceded this one laid exposed the tactic of how the Left Wing Hate Machine keeps their constituency dumb and in line, so that they can retain control of their Plantation.  That article is titled “The Whip,” which was published on Monday.  Read part one to stay up to date with the topic.

THE CHAIN

Like the slave master, the Democratic Party will marginalize anyone who dissents from their party that does not fit their view of the world.  Questioning their tactics, their ideas, and their beliefs undermines their power and control.  Thus they must eliminate their opponent or enemy by any means necessary.  The Democratic Party also rejects the idea of an educated electorate, just take a look at the current state of the public school systems, most especially the inner city and low income housing areas.   The left denounces school choice programs, teacher performance accountability that is based off merit, and not what union you are a member of.  If the Democratic party actually cared about their constituency, they would promote better ways to improve schools through all options, not just throw money at it and hope that everything turns out for the best. Progressives must not allow their constituents to become educated or to think for themselves.   If they do, then their house of cards will collapse and their power will be lost.

Food stamps, welfare, medicare, medicaid, social security, unemployment, and social security insurance, are all entitlement programs that have increased drastically under president Obama’s first term in the White House.  President Obama creates these unstable and uncertain economic situation in which, the average American either cannot live well provide for themselves or their family or cannot live at all without some sort of assistance. These are the conditions that Barack Obama meant as change, not reducing government, not reducing spending that, as individuals and families, we could take care of ourselves, no, no, so that He, the anointed one, the savior and chief, could care for us, like his children.  At this point, when the family is at its weakest point, most vulnerable time, is when he 9Obama) reaches out with his “help” or “assistance” and says, “trust me” I can help.  These situations that he creates are traps to enslave citizens to the government, thus growing the government plantation, and forcing the citizen into a life of dependency.  Oh yeah, did I mention the free cell phone program is offered to the “have-nots” now as well.  Recently added to the list of government handout programs, is the not so famous piece of legislation, OBAMACARE, that was passed in 2009. These programs are sold to those in need as an assistance program that will only be a temporary help to the family or individual.  The government entitlement society or the welfare state has become the new hipster thing to lay claim too.  This Plantation State situation is getting worse and president Obama continues perpetuate and double down on his promise to spread the wealth around, and have everyone live in a society of “shared prosperity.”    Those who ascribe to the belief that government is the end all and be all, do not realize that those who claim to help you on behalf of government, are really seeking your dependency.   These statists need the individual to give up their rights to the State, they need the individual to sacrifice what is held most dear, which is our right to life, liberty and the pursuit of happiness, so that they, the state can continue on their conquest to perfect and society in their vision.  The Left Wing Machine must destroy the individual in order to create a Utopian society, a society that which controls and dictates every action of our lives through rules and legislation. They believe that government should be involved in every aspect, and of every stage of our lives.  The Democratic party has a philosophy of cradle to grave government, for example; the Life of Julia that portrays a newly born little girl who grows up with no farther in a single parent home, with President Obama and his government there to help her every step of the way.  The scary thing, President Obama is in charge for almost her entire life, does he want to be a dictator or king?  At the Democratic National Convention, played a unique video for their opening, that portrayed the ideological view of their party.  This film provided a historic and insightful view as to how the Democratic Party sees the government’s role in American society, and what direction they wish to take the country.  This ideology and belief system of the left, claims that government is something “We all belong to.” This is the “Choice” that the Democratic party and President Obama are offering the American people.  Their hateful rhetoric, class warfare, divide and conquer racial politics will only serve to destroy this nation, not unite it.

 

More on Friday.

Nearly Twice as Many Young Adults Say They Would Rather Work on Wall Street Than Protest Against It

76 percent say the lack of job opportunities is shrinking the middle class, as young adult unemployment remains at 12.7 percent

Washington, DC – (9/17/12) – Generation Opportunity, the largest non-profit, non-partisan organization in the United States engaging and mobilizing young Americans (18-29 years old) on the important economic issues facing the nation, released new polling data today on Millennials on the one-year anniversary of the Occupy Wall Street movement. Since its launch in June of 2011, Generation Opportunity has amassed a following of over 4 million fans on Facebook and is actively organizing Millennials across the country through grassroots tactics, voter registration, and voter turnout efforts.

“Young adults have been negatively impacted by the poor economy, high unemployment, and the lack of jobs both in their daily lives and in their long-term career plans and dreams. Amidst their frustrations and disappointments, the overwhelming majority of Millennials view the poor economy and lack of leadership by elected officials as the true sources of their problems – not fellow Americans who work on Wall Street. Young Americans reject the cynicism and angry theatrics aimed at those who can create more full-time jobs; instead, they simply want positive solutions that grow the economy and create more opportunity for all Americans,” said Paul T. Conway, president of Generation Opportunity and former Chief of Staff of the U.S. Department of Labor. “Young adults believe elected officials fail to represent their concerns and best interests, are clearly fed up with the status quo, and plan on making their voices heard in November.”

The ineffectiveness of Occupy Wall Street to capture the enthusiasm of or inspire activism among a wide number of young adults across America was documented by the Harvard Institute of Politics (IOP) at the end of last year. According to a December 2011 IOP study, just 2% of 18-29 year olds had participated in Occupy Wall Street demonstrations, and only 11% knew someone personally who participated in the effort (http://www.iop.harvard.edu/sites/default/files_new/fall_poll_11_M_topline.pdf).

The lack of full-time jobs and economic opportunity due to the poor economy continue to impact young Americans on a daily basis, jeopardizing their careers and dreams. Earlier this month, Generation Opportunity released the non-seasonally adjusted (NSA) unemployment data for Millennials for August 2012. The youth unemployment rate for 18-29 year olds specifically for August 2012 is 12.7 percent (NSA). The youth unemployment rate for 18-29 year old African-Americans for August 2012 is 22.4 percent (NSA); the youth unemployment rate for 18-29 year old Hispanics for August 2012 is 13.7 percent (NSA); and the youth unemployment rate for 18–29 year old women for August 2012 is 12.6 percent (NSA). The declining labor participation rate has created an additional 1.7 million young adults that are not counted as “unemployed” by the U.S. Department of Labor because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs. If the labor force participation rate were factored into the 18-29 youth unemployment calculation, the actual 18-29-unemployment rate would rise to 16.7 percent (NSA).

For Generation Opportunity, the polling company, inc./WomanTrend conducted a nationwide online survey of 1,003 adults ages 18-29 between July 27 and July 31, 2012. Randomly selected online opt-in panel participants were sent an invitation to the survey via email which included a secure link to the online questionnaire. Quotas were used to ensure the survey was representative of the larger 18-29 year old nationwide population with regard to race, region, and gender. The data were NOT weighted. The overall sampling margin of error for the survey is ±3.1% at a 95% confidence interval, meaning that the data obtained would not differ more than 3.1 percentage points in 95 out of 100 similar samples obtained.

  • 47% of Millennials would rather be employed by Wall Street than protest Wall Street.
  • Only 26% would prefer protesting Wall Street over working on Wall Street.
  • 76% believe that the lack of job opportunities is shrinking the American middle class.
  • Just 38% believe that today’s political leaders reflect the interests of young Americans.
  • 76% of Millennials plan to vote in the election for President this year.
  • 89% of young people ages 18-29 say the current state of the economy is impacting their day-to-day lives (Accepted multiple responses) (Randomized):
  • 51% reduced their entertainment budget;
  • 43% reduced their grocery/food budget;
  • 43% cut back on gifts for friends and family;
  • 40% skipped a vacation;
  • 38% driven less;
  • 36% taken active steps to reduce home energy costs;
  • 32% tried to find an additional job;
  • 27% sold personal items or property (cars, electronic appliances, or other possessions);
  • 26% changed their living situation (moved in with family, taken extra roommates, downgraded apartment or home);
  • 17% skipped a wedding, family reunion, or other significant social event;
  • 1% other;
  • 8% none of the above (accepted only this response);
  • 3% do not know/cannot judge (accepted only this response).
  • 84% of young people ages 18-29 had planned to but now might delay or not make at all a major life change or move forward on a major purchase due to the current state of the economy (Accepted multiple responses) (Randomized):
  • 38% buy their own place;
  • 32% go back to school/getting more education or training;
  • 31% start a family;
  • 27% change jobs/cities;
  • 26% pay off student loans or other debt;
  • 25% save for retirement;
  • 23% get married;
  • 12% none of the above (accepted only this response);
  • 4% do not know/cannot judge (accepted only this response).

Disappointing Jobs Report Diminishes Obama Acceptance Speech

The latest Labor Department report shows that job growth in America slowed abruptly in August.  Economists expected payrolls to increase by 125,000, but instead, new hires rose by only 96,000.  That is not enough to keep up with population growth, much less brighten the picture for millions of out of work Americans.  The unemployment rate dropped from 8.3 percent to 8.1 percent, but that was due to the large percentage of the American labor force that has given up trying to find work.

Over the past three and one half years, America’s economic growth has been tepid at best, with a jobless rate that has remained above 8 percent for more than three years.  That is longer than any period since the Great Depression.

http://finance.yahoo.com/news/payroll-growth-seen-tepid-may-072622785.html

The latest bad news about the American economy has dealt yet another blow to Barrack Obama’s re-election chances.

When Obama and fellow “progressives” Democrats held un-opposable majorities in the House of Representatives and the United States Senate, they passed a $787 billion stimulus package that they promised would “save or create” millions of jobs and keep unemploymentbelow 8 percent.  They told Americans that if the stimulus passed, unemployment today would be down to 5.4 percent.

Neither has happened.

This is why the disappointing jobs report diminishes the nomination acceptance speech Obama gave at the Democratic National Convention.

After three and one half years of economic stagnation, a minority of Americans still believe a litany of unfulfilled promises recycled from 2008 presidential campaign speeches.

Desperate “progressive” assertions that “It could have been worse” can easily be countered with “It could have been better without all that spending and future generations of Americas would owe a lot less money”  “It could have been worse” hold as much water as “I could have been rich.” Easy to say, sounds good, easy for low information/headline reading/sound-bite voters to remember. And it is impossible to prove.

Democratic “progressives” can go ahead and brush aside their candidate being reduced, at the last moment, to moving his acceptance speech into a venue that is 55,000 seats smaller than the one they originally planned to use.

The fact is, on the 2012 campaign trail, the largest crowd Obama has drawn is 14,000.

Where are the Greek columns? Where are the invitations for Obama to take his tour to European cities? Where are the females planted in the audience, fainting on cue to wow adoring crowds of impassioned, fervent believers?

Can you say phony Beatlemania?

What of the message coming out of this DNC? The only people who believe what was being said in Charlotte NC are the remaining low information/headline reading/sound-bite voters who believed what they were told back in 2008.  Obama having to relocate his speech to a smaller arena shows that today there are fewer “true believers.”

It was a disorganized, mishandled convention where thousands of “progressives”, while on national television, booed reinstating God and support for Jerusalem as Israel’s capitol into the “progressive” Democratic Party platform.

Smooth.

Members of the “progressive” Democratic Party should start getting used to hearing the words: “President Mitt Romney.”

http://mjfellright.wordpress.com/2012/09/07/disappointing-jobs-report-diminishes-obama-acceptance-speech/

WH: Todays Job Report Is Further Evidence of the Economic Recovery

Today the White House released its monthly jobs report, and strangely enough the White House continues to think that the recovery is strong despite strong evidence that says otherwise. “T oday’s employment report provides further evidence that the U.S. economy is continuing to recover,” wrote Alan B. Krueger, chair of the president’s Council of Economic Advisers.

Here is the memo the White House released to the press:

While there is more work that remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression. It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007. To create more jobs in particularly hard-hit sectors, President Obama continues to support the elements of the American Jobs Act that have not yet passed, including further investment in infrastructure to rebuild our Nation’s ports, roads and highways, and assistance to State and local governments to prevent layoffs and to enable them to rehire hundreds of thousands of teachers and first responders. To build on the progress of the last few years, President Obama has also proposed an extension of middle class tax cuts that would prevent the typical middle class family from facing a $2,200 tax increase next year.

Today’s report from the Bureau of Labor Statistics (BLS) shows that private sector establishments added 103,000 jobs last month, and overall non-farm payroll employment rose by 96,000. The economy has now added private sector jobs for 30 straight months, for a total of 4.6 million jobs during that period.

The household survey showed that the unemployment rate declined from 8.3% to 8.1% in August.

Employment rose notably in leisure and hospitality (+34,000), professional and business services (+28,000), health care and social assistance (+21,700), and wholesale trade (+7,900). Manufacturing lost 15,000 jobs, including a 7,500 drop in motor vehicles and parts, which is partly payback for there having been relatively few seasonal auto plant shutdowns in July. Over the past 30 months, manufacturers have added more than 500,000 jobs. Government lost 7,000 jobs, as state government payrolls fell by 6,000 and local governments shed 4,000 jobs. Since February 2010, State and local governments have lost 504,000 jobs.

As the Administration stresses every month, the monthly employment and unemployment figures can be volatile, and employment estimates can be subject to substantial revision. Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.

Spain’s Present is Obama America’s Future

Although Spain is not as bad off as Greece, a look at Spain’s current economic reality reveals the future of America under four more years of Barrack Obama.

Despite European commitments to inject up to 100 billion euros into Spain’s faltering banking system, bank withdrawals have accelerated.  During July, doubts about Spain’s financial system caused Spaniards to withdraw a record $94 billion from their banks.   That amounts to 7 percent of Spain’s total domestic economic output.

Capital flight is beginning to include educated entrepreneurs who are fed up with scant job opportunities in a country with a 25 percent unemployment rate.  Statistics show that in a twelve month span 30,000 Spaniards have registered to work in Britain, an increase of 25 percent over 2011 levels.

Since taking office in 2009, Obama has aggressively promoted a “green energy” agenda modeled after the one pursued by Spain.  The assumption that pursuing the same agenda will bring about different results is based on no known empirical data.

If American voters are willing to accept 25 percent unemployment as the new normal and can live with a combination of major investment capital flight and disappearing employment opportunities, then Obama’s re-election is a foregone conclusion.

However, if Americans prefer to see a resurgence of American economic might through development of its domestic energy resources, and the millions of jobs that activity will create, then Obama’s days in the White House are numbered.

http://mjfellright.wordpress.com/2012/09/05/spains-present-is-obama-americas-future/

ObamaStamp: The Rising Food Stamp Crisis

As unemployment continues to rise, which has held steady above 8 percent during most of President Obama’s term.  While consumers are spending more of their shrinking income on food, gas, and energy that also continue to rise, the government continues to increase their food stamp dependency.  This temporary safety net created by the government, continues to be a lifestyle for many Americans. In addition to the economy continuing to flounder, and teeter on the edge of another recession, the government continues to support millions of Americans through what is suppose to be temporary safety net programs.  The participation rate of the food stamp program increased by 3.3 percent in June, which is higher than it was over a year ago at this time, increasing the total number of participants to 46.7 Americans.

Bloomberg is reporting;

Food-stamp spending, which more than doubled in four years to a record $75.7 billion in the fiscal year ended Sept. 30, 2011, is the U.S. Department of Agriulture’s biggest annual expense.

The increase in the usage of food stamps during the Obama Presidency has been criticized by republicans, and specifically that famous quote from Newt Gingrich, “food stamp president” which he used in a debate during the republican presidential primary.  Republicans continue to hammer President Obama over his massive deficit and debt, which is set to top 16 trillion dollars during the Democratic National Convention.  In addition to the republicans stressing the importance of reducing spending, Mitt Romney and Paul Ryan are also on the campaign trail telling the American people how important it is to reform Medicare in order to save it for those who are currently on it, and those will will receive the benefits in a decade from now.

However, the opposition party, the Democrats, have suggested during the Obama presidency that President Obama has done a great job handling the economy that he was “handed.”  Democrats have also said that the stimulus package that was passed in 2009, was not large enough and that is why the economy is still growing at such an anemic rate.  On Sunday, President Obama’s surrogates were on the talks shows, stressing the importance of the job growth that President Obama has done, and that without his leadership the economy would be in a much worse situation than it current is, if it was not for his choice decisions.  Democrats also believe that one reason why there are so many Americans on the food stamp and welfare programs, is because of the past “failed” policies that the republicans used, and are currently offering to move the country in.

Bloomberg has also reported that;

Federal Reserve Chairman Ben S. Bernanke is betting the new U.S. economy is the same as the old one as he lays out arguments for more stimulus to revive it.

One thing is clear, both parties agree that 8.3% unemployment is unacceptable.  23 million Americans unemployed and under-employed is something that both parties are completely happy with.  The current economic situation frustrates both republicans and democrats and each party realizes they must deal with.  This election cycle is about a choice, and both parties believe that their economic policies will be the best choice for America.  November 7th 2012, will be tell us which party the American people agree with, but for now, there are still many Americans without jobs, and living off of the government support systems.  The problem remains many Americans are hurting and America’s national debt is now over 16 trillion dollars and climbing, and America is still looking for an answer to the fiscal crisis at hand, and America will make that choice November 6th 2012.

 

 

Obama And Biden Talk About The Unemployment Rate

 

Those of us that are old enough to remember Abbott and Costello will remember their famous comedy routine “Who’s On First.” Have you ever wondered what Obama and Biden sound like when they are discussing the unemployment problem we have in this country today? Well I think that it might sound something like this.

Are you old enough to remember Abbott and Costello?

BIDEN: I want to talk about the unemployment rate in America.

OBAMA:  Good Subject Terrible Times It’s 8.3%.

BIDEN: That many people are out of work?

OBAMA: No, that’s 16%.

BIDEN: You just said 8.3%.

OBAMA: 8.3% Unemployed.

BIDEN:  Right 8.3%  out of work.

OBAMA: No, that’s 16%.

BIDEN: Okay, so it’s 16% unemployed.

OBAMA: No, that’s 8.3% . . .

BIDEN: WAIT A MINUTE. Is it 8.3% or 16%?

OBAMA: 8.3% are unemployed. 16% are out of work.

BIDEN: IF you are out of work you are unemployed.

OBAMA: No, you can’t count the “Out of Work” as the unemployed. You have to look for work to be unemployed.

BIDEN:  BUT THEY ARE OUT OF WORK!!!

OBAMA: No, you miss my point.

BIDEN: What point?

OBAMA: Someone who doesn’t look for work, can’t be counted with those who look for work. It wouldn’t be fair.

BIDEN:  To whom?

OBAMA:  The unemployed.

BIDEN: But they are ALL out of work.

OBAMA: No, the unemployed are actively looking for work. Those who are out of work stopped looking. They gave up. Moreover, if you give up, you are no longer in the ranks of the unemployed.

BIDEN: So if you’re off the unemployment rolls, that would count as less unemployment?

OBAMA: Unemployment would go down. Absolutely!

BIDEN: The unemployment just goes down because you don’t look for work?

OBAMA: Absolutely it goes down. That’s how you get to 8.3%. Otherwise it would be 16%. You don’t want to read about 16% unemployment, do ya?

BIDEN: That would be frightening.

OBAMA:  Absolutely.

BIDEN: Wait, I got a question for you. That means there are two ways to bring down the unemployment number?

OBAMA: Two ways is correct.

BIDEN: Unemployment can go down if someone gets a job?

OBAMA: Correct.

BIDEN: And unemployment can also go down if you stop looking for a job?

OBAMA:  Bingo.

BIDEN: So there are two ways to bring unemployment down, and the easier of the two is to just stop looking for work.

OBAMA: Now you’re thinking like an economist.

BIDEN: I don’t even know what the hell I just said!

OBAMA: Now you’re thinking like a politician.

You know what amazes me? How the left went on and on about Sarah Palin, how she was too dumb to be the Vice President, but they are silent about Joe Biden, the man who makes one asinine statement after another. Just think about this for a second, if Obama died, Biden would be President, if nothing else that alone should prevent you from voting for Obama. However, as we know, there are plenty of other reasons not to vote for Obama, you can just add that one to the list.

                                                                       Obama  &  Biden

                                                         

This is one man’s opinion.

 

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