Tag Archives: unemployment

How To Help Millenials: An Interview With Former Labor Department Official

Paul Conway.JPG

The July 2012 jobs report was released on August 3rd 2012, and major news outlets have been reporting that the US economy added 163,000 jobs.  While the debate  rages on about the accuracy of the real number of jobs created or lost, the economic impact on young Americans has been lost in the fervor.

Paul Conway -former US Labor Department chief of staff & current president of Generation Opportunity

The jobs report revealed some startling and terrifying numbers about how the 18-29 demographic is struggling in the American economy.  To get a firm grasp on exactly how dismal the economy is for young Americans – and what can be done to reverse this trend – Conservative Daily News spoke with Paul Conway, the former US Labor Department chief of staff and current president of Generation Opportunity.

Generation Opportunity – or simply, “GO” – is a nonprofit, nonpartisan group that is “committed to addressing and working toward solutions on immediate challenges, such as the lack of job opportunities, as well as the broader underlying issues, such as debt and federal spending, that impact our economic future and sustainability.”

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QFirst of all, I wan to thank you for talking with us today, Mr. Conway.  Why do you believe that the media is not including the figures from the household survey in their reporting?

A – “Well, you hope the ideal would be accurate reporting, but let me put my hat on as a former Labor Department chief of staff.  Here’s the thing about the household survey, I don’t think it is inaccurate.  I do think that some of the media want whatever the best picture is.”

 

Q - I have reviewed the full jobs report, and it is rather comprehensive.  Are there other pertinent aspects about the report that the media, and other outlets, are ignoring, or simply not reporting?

A -“I think sometimes the media will look at that monthly number, and that is the one thing that they will fixate on.  What they miss is the story behind the number and the people involved.  And on the larger terrain, what are the other significant factors that policymakers usually pay attention to before coming to conclusions and making decisions?

“There are some things out there that you can not ignore.  One of them is the household survey.  Also, another one is, out of the number of jobs created last month, how many of those were not full-time jobs?

“Yet another thing that can not be ignored is, of the jobs being created, how many of those jobs are going to older workers versus younger workers – which the majority of them were last month [June], and again this month [July].

“Also, the rate of new job creation.  In order to significantly take down high unemployment numbers, it takes between 250,000 and 400,000 jobs per month; depending on who you talk to, and there’s a great economic research team at the University of Maryland.”

 

Paul Conway at CPAC

QDo you think the media and policymakers fixate on that positive monthly number in order to further their own agenda, or to keep the public calm and prevent panic?

A – “That’s a very interesting question.  I think there are some that will look at the number and see if it fits a particular narrative, and I don’t think that is a good thing.  Whether there is a sincere effort by some to do that, I would say absolutely.  People will look at that [jobs report] and say ‘wow, look at that, let’s celebrate 160,ooo jobs!’.

“I saw one report where the uptick in job creaton number basically turns in to 35 new jobs per major city across the U.S. last month.  So if you created 35 jobs in Manhattan, is that a success?  No, it’s not.  What you need is a sustained period of job creation at the multi-hundred thousand level, just to start moving the unemployment number down.”

 

- Since it will take a significant number of jobs to begin a recovery, of sorts, what sector of the workforce in the July jobs report is the most affected, or which demographic will require the most jobs?

- “If you look at the unemployment number for young adults – we had 8.3% come out [overall] – let’s take a look at the hardest hit demographic.  No one really wants to talk about it, and those are young Americans.  That [unemployment] number is 12.7%.”

What people don’t like to talk about is that there are an additional 1.7 million young adults who are no longer counted by the federal government.  If you take those 1.7 million young adults, and add it to the 12.7% that were counted, and we have 16.7% unemployment among young Americans.  What do you think the public would do if they knew that among adults aged 18-29, almost 17% of them were unemployed?

“This is a national issue, but people only want to talk about 8.3 percent, and somehow that’s normal.”

 

Q – Being in the 18-29 demographic myself, do you believe that having more than one-sixth of us out of work will be a hindrance to young Americans becoming entrepreneurs?

A – “Absolutely.  When you look at some of the best innovation that has come out of our country, they actually come from the folks who are young and took a risk.  This question is great because of how you are looking at it, and that is long-term.

“With almost 20% of young adults sitting on the sidelines of the American economy, all of that creativity, drive, and initiative; what does it do for American competitiveness in the face of China and India in 2 years, 5 years, and 10 years from now?  It’s a much different story when you look at it in the context of the bigger picture of the world stage and the U.S.”

 

Q - As president of Generation Opportunity, your organization focuses on helping my age bracket.  With Generation Opportunity’s “Call The White House Initiative”, do you think that making our voices heard in the White House would be more effective than calling the policy-makers who can draft and pass legislation that benefits established businesses and would-be entrepreneurs?  Or would calling both be best?

A - “What you are looking at is actually a series of tactics and initiatives that we are rolling out, and you are in the midst of watching it come out in full force.  What you will be seeing more of in the next several weeks is an aggressive campaign for young adults to make their voice heard in Congress, as well.  You can sign up on our website and it will allow you to find out who your legislators are, what the current issues and bills are, can also contact their representative and senator, as well as various committee chairs.

“So you are actually watching the emergence of several different tactics and initiatives, and ‘Call The White House’ is just one of those.  This is just the opening round.”

 

Q - I ran for US Congress in 2010 – starting my campaign at age 25.  Does Generation Opportunity have any plans on supporting actions to get young adults into public office in order to get that creativity, energy, and personal initiative – which you mentioned previously – into policy-making positions?

A - “When we put together our plan, we looked at what our long-term objective was, and what we wanted to do.  The long term objective for us is to serve as an education platform for young Americans, and to provide a tremendous about of resources for them.

“As far as candidate endorsement, we decided that we would not do that because it is better for us to serve as a vehicle for long-term education.  As an organization, we feel that in the long term is is better to identify with principle rather than a personality.”

 

Q - What principles does Generation Opportunity identify with, or espouse, as an organization?

A - “We organized on three principles.  Those three principles are, number one: Greater economic opportunity for all Americans.  The second is, advancement and defense – and I emphasize defense – of individual freedom: especially in the face of the federal government whose policy tries to dictate what the size and scale of liberty is.  The third is the size and scope of government

“Those principles have given us access to a very broad spectrum of people who are frustrated and want to make changes.  Our principles have attracted conservatives, libertarians, disaffected Obama supporters, and many more.  We have provided a large number of materials and resources on our website already, such as training guides and links to policy, so that people can become more engaged in the process.”

 

Q - Mr. Conway, unfortunately, it seems that we are out of time for today.  I want to again thank you for joining us, and I hope to speak with you again in the future.

A - Certainly.  It was a pleasure.  Thank You.

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To learn more, please visit http://www.GenerationOpportunity.org

 

 

 

 

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Unemployment rate rises to 8.3% – again

The Bureau of Labor Statistics carefully wordsmithed today’s release of the July Employment Situation Report which showed that unemployment has hit 8.3% again despite a shrinking American workforce.

To downplay the alarming jobs news, the BLS used phrases like “essentially unchanged” to describe the increase in the most recognized measure on the health of the workforce. If the number had dropped to 8.1% it would, no doubt, have been a “marked decrease”.

The size of the workforce also decreased by almost 150,000 people. Referred to as essentially unchanged, this number shows that even though a huge number of Americans dropped out of the workforce (gave up on finding jobs), the rate of employment still rose to a level not seen since February.

The report claims that the economy gained 163,000 jobs, but when looking at the seasonally adjusted employment numbers according to the BLS population survey, there are almost 200,000 fewer people working in July than there were in June (142.4 million in June had jobs while only 142.2 million in July had employment).

Where the magical 163,000 jobs increase figure shows up is in the seasonally adjusted non-farm payrolls number. These numbers are marked as preliminary and are likely to be adjusted downward to help the August jobs report not look as dismal as it likely will be.

There are 28 million Americans on Social Security Disability Insurance (SSDI), a figure that has increase from 26.8 million at the end of the previous administration. The government counts 852,000 people to have given up on finding a job and 5.2 million have been unemployed for 27 weeks or more – an increase of more than 30,000 from June.

House Republican Policy Committee Chairman Tom Price, M.D. (R-GA) issued a statement this morning saying that “President Obama has said his economic policies have worked. He claims the private sector is doing just fine. The American people know differently, and that is why House Republicans voted this week to stop the tax hike on all Americans.” Rep. Price also said that he hoped “President Obama and Washington Democrats will acknowledge not only that we can do better but that we will do better when we put in place policies that stop growing the size of Washington and start growing confidence in our economy.”

How’s That “progressive” Deal Working Out For You?

According to the Labor Department, jobless claims for unemployment benefits surged 34,000 to 386,000.  Figures for the prior week were revised upwards to 352,000 from the 350,000 previously reported.  This makes every time since the current administration seized power that previously reported unemployment numbers were later revised upwards.

Meanwhile, factory activity fell shy of expectations held by economic experts and contracted for a third straight month.  The new orders index is currently minus 6.9.  A reading below zero indicates contraction.  Two consecutive quarters of economic contraction means that after spending $878 billion taxpayer dollars on government “stimulus”, the U.S. economy will experience a double dip recession.  Of course “progressives” will insist the reason the “stimulus” spending failed is because the government did not spend enough.

Over 1.5 million older Americans have lost their homes, while millions more are in danger of losing theirs due to the unsolved, ongoing national housing crisis.  About 3.5 million older homeowners’ mortgages are underwater.  The “progressive” solution to problems caused by “progressive” government interference in the U.S. housing market?  Have the government refinance underwater mortgages.  Why not?  The U.S. debt is only $15,884,155,929,632.05 and climbing rapidly.  America has money to burn.

http://www.usdebtclock.org/

Home sales dropped by 5.4% in June to an adjusted annual rate of 4.37 million homes, the fewest since October 2011.  Despite 30-year fixed mortgage rates being the lowest since the 1950s, potential buyers are having difficulty qualifying for loans due to the weakening job market.  Without vigorous job growth, consumers may continue delaying the purchase of new homes.  Why is it the White House jobs panel has not met in six months?  Perhaps having such a meeting would cut into the current Oval Office occupant’s golf, fundraising and campaign appearance time.

The outlook for consumers is not good.  Driven by corn prices reaching near record highs due to drought in the Midwest, grocery bills will continue to rise.  Since corn and corn syrup are used in 75% of the products found in supermarkets, shoppers can plan on paying higher grocery bills.

How long will it be before for a “progressive” Senator, Representative or White House czar calls for the use of more corn in ethanol production?

Why be bothered with the population’s food supply when there is a planet to be saved from carbon gas.  Never mind that more “greenhouse gasses” are belched by volcanoes every year than the combined amount produced by humans since civilization began.  Besides, the people most likely to starve to death probably fit into one of the “progressive’s” genetically inferior categories anyway.

Speaking of alternative fuels, the administration’s taxpayer funded capital investments in “green energy” are going so well that the Amonix solar manufacturing plant in North Las Vegas closed after receiving $20 million in federal subsidies.  The announcement came only14 months after Senate Majority Leader Harry Reid endorsed the plant’s opening by heralding solar energy in Nevada, comparing it to Saudi Arabian oil.

On the foreign policy front, the Muslim Brotherhood is infiltrating the U.S. government while they seize power in Egypt and Libya.  Israel and Iran are rattling sabers over the Islamist government’s pursuit of nukes and the prospects of an Israeli military strike against Iranian nuclear facilities.

Russia and China joined forces to veto sanctions on Syria in a UN Security Council vote.  Afterwards, the White House called Russian President Vladimir Putin, Syrian President Bashar al-Assad’s main international supporter, about the deteriorating Syrian situation.  Not surprisingly, that call ended with the two of them divided over how to move forward.

This is what is known as: Not peace through strength.

Don’t worry.  The White House saved the day by announcing that the USDA and Mexico have decided to work cooperatively in promoting American food assistance programs, including food stamps, to Mexican Americans, nationals and migrants living in America.

How is this “progressive” hope and change deal working out for you?

http://mjfellright.wordpress.com/2012/07/19/hows-that-progressive-deal-working-out-for-you/

Losing the Black Vote?

obamaHead

In 2008 Barack Obama received 95% of the African American vote. The news media reports rumblings of unhappiness (no surprise with unemployment over 14% for African Americans and young adult Blacks at 24%). But the news reported generally is more of whispers than actual signs of unrest.

This  video clip was shared on NewsNinja2012.com. Filmed in Obama’s back yard it seems there may be many who choose not to vote this election due to disappointment and lack of promises fulfilled.

 

These Numbers Do Not Lie

In each of the States that elected Republican governors during the Tea Party dominated 2010 midterm elections, unemployment rates have gone down. According to an Examiner.com analysis, since Tea Party Republicans took over in January 2011, the average reduction in unemployment for those 17 States has been 1.35%.  When compared nationally, job creation in those States has been 50% better than the rest of the country.

The unemployment rate in States that elected “progressive” Democrats in 2010 saw a drop in rates matching the .9% national rate of decline.  In one of these “progressive” run States the unemployment rate actually went up, not down: New York – 8.2% to 8.6% = an increase of 0.4%.

  • Witness how unemployment rates have been reduced in the 17 States that elected fiscally Conservative governors back in 2010: Michigan -2.4%, Florida -2.3%, Nevada -2.2%, Alabama -1.9%, Ohio -1.7%, Tennessee -1.6%, South Carolina -1.5%, Georgia -1.2%, Wyoming -1.1%, Iowa -1.0%, New Mexico -1.0%, Wisconsin -0.9%, Kansas -0.8%, South Dakota -0.7%, Maine -0.6%, Pennsylvania -0.6%.

This is another substantiated example of how, when compared to fiscally Conservative Tea Party solutions, “progressive” economic policies fall short.  It also blows a gigantic hole in the “we’re making progress but can’t go back to policies that caused our economic problems” talking point “progressives” insist on repeating ad nauseam.

http://www.examiner.com/article/new-republican-governors-rapidly-bringing-down-unemployment-their-states

What this also indicates is that the real problem in America is “progressive” ideas, which have been being imported into the United States from Europe since the early 20th century.  Since then, America hostile “progressive” ideas have managed to infiltrate and infest both of America’s major political Parties.

The Republican vs. Democrat political paradigm is obsolete.  This is especially true where economic policies and government power are concerned. To more accurately describe the philosophical divide in today’s political landscape, think Americans vs. “progressives”.

It should be noted, “progressives” easily occupy a space within the “globalist” category.  Globalism is a clear and present danger to the very concept of national sovereignty; any nation’s national sovereignty.  Be assured that United States sovereignty is definitely being targeted.  “progressives” are eagerly playing a large part in this.

http://www.americanfreedomalliance.org/microsite/global-governance/program.htm

Americans want the United States to follow the Constitution, which limits the size, scope, reach and power of the central government to that prescribed by the Constitution.  “progressives” wish to “evolve” beyond America’s foundation document, favoring a central government that usurps the maximum amount of power possible from the States and from the people.

Although many Americans supported the invasion of Iraq and George W. Bush’s strong backing of the U.S. military, a careful examination of his Presidency shows that Bush increased the size and cost of the federal government.  He created the DHS, a large, expensive and essentially unnecessary Cabinet level bureaucracy.  If the underlying cause of the 9/11 terrorist attacks was the FBI and the CIA not sharing information, that could have been rectified with the proper use of an Executive Order directing the two intelligence agencies to share pertinent data.  Bush also greatly expanded the size, cost and presence of the TSA.  Remember that the next time your 87 year old grandmother or 4 year old niece is being openly groped by an overly-controlling faux uniformed union member who will be practically impossible to fire.  Bush worked with a Republican majority Legislature to enact Medicare part D, which imposed the financial burden onto the States.  Near the end of his Presidency he and his Goldman Sachs Treasurer promoted TARP, which put taxpayers on the hook to the tune of $700 billion.  He then used some of that money when the Feds bailed out GM and Chrysler.  While it can be argued that GMAC was a financial institute and therefore qualified for funds, there was no such justification for bailing out Chrysler. Not to mention adding $5 trillion to the national debt and nominating the current Supreme Court Chief Justice, who recently sided with “progressives” in preserving the biggest farthest reaching government power grab in U.S. history: the obama”care”tax.

Like it or not, it is a defensible position to say that the results of George W. Bush’s presidency indicate that in many instances he acted as a “progressive” Republican.

The chief discernible distinction between “progressive” Democrats and “progressive” Republicans is the rate at which government grows.

The government of the United States needs to shrink, not grow.  Europe has been growing their governments for decades.  That is one of the major reasons why their economies are failing.   “progressives” are trying to make America more and more like Europe.  Increasing government spending while expanding the size and scope of government bureaucracies and increasing the people’s dependency on government is not the way to fix a problem caused by big government spending, bloated bureaucracies and government dependency.

The last time America had an anything like an American president was when Ronald Reagan presided over the Oval Office.  Under the influence of the anti-American “progressive” economic policies of barrack obama, America’s GDP growth is currently 1.9%.  At this point in his first term, under the influence of Reagan’s pro-American economic policies, America’s GDP growth was 7.2%.

Unlike the passionately emotional “pay their fair share” argument used by “progressives”, the more dispassionate American view of looking at the numbers works.  Numbers do not lie.

For the America envisioned by its founders to survive, “progressives” must be stopped. Forget the (R) and the (D).  These political Party designations are growing increasingly meaningless.  Voters need to realign their thinking and begin voting for Americans and against “progressives”, regardless of Party affiliation.

If “progressives” currently living in America want to live in a European country doomed to economic failure, they can move to Europe.  They would be doing America a great favor.  An even bigger favor would be if they sent disenfranchised Europeans who want to live the American way to the United States.  America would definitely benefit from that exchange.

http://mjfellright.wordpress.com/2012/07/09/these-numbers-do-not-lie/

The Job Sinkhole

Today the American unemployment rate remains unchanged at 8.2 percent.  The economy is still five million jobs shy of the breakeven point as America continues to drown in a sea of growing government red ink while struggling to tread water under the overburden of oppressive big government regulations.

Since the start of the seemingly never ending “great recession”, the nation has lost 8.8 million jobs.  It has regained only 3.8 million, less than 44 percent.  According to the most recent Labor Department report, employers added only 80,000 jobs in June.  The economy averaged 75,000 jobs a month in the second quarter, one-third of the pace in the first quarter.  This makes the third straight month of weak hiring, clearly showing that the economy is still struggling under the weight of the current administration’s failed economic policies.

Thanks to the brilliance of Barrack Obama’s economic plan, over the course of the past two years, America’s alleged recovery has gone from adding an average of 161,000 per month to 150,000 per month, to 75,000 per month.  If a recovery was actually taking place, those numbers would be going up instead of down, right?  Instead a sinkhole is swallowing up hope for millions of Americans of finding a job.

Was there not a pledge made in 2009 by the self-imagined, self-appointed intellectual elites working in the White House that if American taxpayers funded the $878 billion “stimulus” package, unemployment would not go above 8 percent?  Was there not a promise that the “stimulus” would have unemployment down to 5.5 percent by now?  As it turns out the “stimulus” wasted taxpayer dollars, rewarded the current White House occupant’s “progressive” political cronies within the inefficient, unproductive, largely imaginary “green energy industry”, and made little to no dent in the jobless rate.  Claims of 4.4 million new jobs created must be met with severe skepticism, as should the equally dubious “jobs created or saved by the stimulus” claim. The unemployment numbers have never reflected that.

There are far too many people who know the real story because they are living it.  Claims made to the contrary by the obama re-election campaign do not matter because they do not match the reality people are living.  Regardless of what is loaded on the teleprompter, reality cannot and will not be explained away.  People living in the real world are not buying the administration’s theoretical cash for clunkers economics approach.  Taking money from successful businesses, skimming off the cost of doing business in Washington DC, then sending the remainder back to your favorite campaign bundlers who are running phony business fronts is not an economic recovery plan.  That is known as money laundering, Chicago style.

How long is it going to be before the current White House occupant and/or his surrogates start popping up like Whack-a-Moles on the Sunday morning political talk shows blaming all of this on George W. Bush?

Did someone say this Sunday?

http://mjfellright.wordpress.com/2012/07/06/the-job-sinkhole/

Lackluster service-sector report shows long-term weakness ahead

NMI table

The Institute for Supply Management released it’s non-manufacturing report today hit 52.1, the lowest in more than 12 months, indicating that while the service-related businesses are still growing, the growth is slowing.

In May, the Non-manufacturing index (NMI) was at 53.7. June’s NMI was markedly lower at 52.1 indicating that service-sector employers were seeing weakness in their respective industries.

While the construction industry perceived the economy to be flat from the prior month. Only entertainment and recreation saw any growth month-over-month as Americans head into the heavy summer vacation season. All other service sectors were seeing weakness building in their businesses.

Business activity for services fell off almost 4% in June while the backlog of new orders slipped into decline indicating that a turn-around isn’t likely soon.

Month NMI Month NMI
Jun 2012 52.1 Dec 2011 53.0
May 2012 53.7 Nov 2011 52.6
Apr 2012 53.5 Oct 2011 52.6
Mar 2012 56.0 Sep 2011 52.6
Feb 2012 57.3 Aug 2011 53.8
Jan 2012 56.8 Jul 2011 53.4
Average for 12 months – 54.0
High – 57.3
Low – 52.1

While the employment index of the survey showed increased hiring, the activity, inventory and backlog indices indicate that they might be hiring into a slowdown. Inventory sentiment gives more proof to that assertion as business owners feel that they have too much capacity for the current demand and while demand is weakening, capacity hasn’t matched it as of yet.

The report’s employment index may show slight improvement for the employment report due out Friday, but huge improvements should not be expected. While most analysts are projecting 90,000 new jobs in Friday’s report, it will be only a small improvement over May’s dismal jobs figures.

Summary

When looking at the June Manufacturing report and services reports together, backorders have slipped into decline and both major indices are showing their lowest numbers in more than a year. The economy is slowing and another downward revision in annual GDP for the United States should be expected.

Don’t Be Stupid, It’s Still the Economy

The United States Supreme Court has ruled.  The obama”care”tax is Constitutional.

Of course, that depends on what your definition of tax is.

Institutionalized “progressive” leftists in the “mainstream” media have mockingly praised the majority opinion of swing vote Chief Justice Roberts.  Conservatives have expressed scorn for Roberts over the decision.  How long will it be before there are calls to water board Roberts until he confesses to committing high crimes and misdemeanors, to be locked away indefinitely without trial in Guantanamo Bay?

Several weeks ago, Mitt Romney said: “It’s still the economy, and we’re not stupid.”  Then, after the Supreme Court handed his campaign a trillion pound sledgehammer with which to beat obama in the presidential race, Romney adviser Eric “Etch-A-Sketch” Fehrnstrom agreed with the obama administration on national television that the individual mandate in obama”care”tax is not a tax.

Cue the flashback of John McCain’s refusal to use Jeremiah Wright, Bill Ayers, Louis Farrakhan, Tony Rezko, Frank Marshall Davis and the highly questionable character of obama and his associations as a campaign issue in 2008.

Can you say pretty stupid?

In response, Conservatives demand that if Romney refuses to fight against the obama”care”tax he should quit the race.  Romney can no longer engage in that fight.  Romney’s campaign has managed to completely mishandle a gift handed to them on a silver platter by the Supreme Court.

That being said, there will be time to discuss the relative merits and pitfalls of the obama”care”tax ruling and Romney’s reaction after the election.  The mistakes of Roberts and Fehrnstrom have been made.  It is time to move on to what really matters to American voters.  The strategy must now be for the GOP presidential candidate to switch focus from the obama”care”tax controversy to America’s tepid economic recovery.

Recent official figures show that the U.S. economy grew by 1.9 percent in the first quarter of 2012, less than the 2.2 percent originally reported.  According to the annual report from the International Monetary Fund (IMF), this year’s growth forecast for the U.S. economy has been lowered to 2 percent.  The IMF also lowered its forecast for 2013 from 2.4 percent to 2.25 percent.  It also warned of the fiscal cliff known as taxmageddon, the $4 trillion tax increases and defense spending cuts that are due at the end of 2012.

The U.S. Gross Domestic Product growth rate in the first three months was slower than originally announced.  This news was accompanied by a downward revision in consumer spending.  After-tax corporate profits experienced their biggest fall since the last three months of 2008.

Meanwhile, U.S. employment rose only slightly in April.  The Labor Department reported claims for jobless benefits were higher last week, suggesting a slowdown in job creation

US retail sales fell for the second straight month in May, indicating that growth in the economy is still sluggish.  According to the U.S. Commerce Department, retail sales fell by 0.2 percent.

The Institute for Supply Management said Monday that U.S. manufacturing shrank in June for the first time in nearly three years.  The manufacturing activity index fell from 53.5 percent to 49.7 percent, the lowest reading since July 2009.  Readings below 50 indicate contraction.

The Federal Reserve cut its forecast for 2012 growth to between 1.9 percent and 2.4 percent. That’s half a percentage point lower than April’s estimate.

With facts and figures like these, it is time for the GOP to go aggressively back on the offensive against the failed economic policies of the current administration.  That the economy is tanking and employment prospects remain grim need not be explained to voters living that reality.

Give no quarter to the “progressive” campaign.  Do not let them off the mat.  While they are down, kick them as hard and as long as possible.  Rest assured, given half a chance, “progressives” kick with glee…without hesitation.

The survival of America and the principles upon which it was founded are facing an existential threat.  Don’t be stupid.

http://mjfellright.wordpress.com/2012/07/03/dont-be-stupid-its-still-the-economy/

EU Unemployment: Ouch!

europe 2008 rebecca 245

European unemployment for May reached 11.1% making it the highest ever for a single currency area. Nearly, one in four adults in Spain is now unemployed but for the under 25 age group a critical 52% in Spain and Greece are unable to find work.  In total, 17.6 million people were out of work in the Eurozone in May, up 88,000 from April and 1.8 million more than 2011.

The Eurozone banks are expected to make interest rate cuts this week in an effort to improve a hemorrhaging economy.  However, confidence in the European economy continues to drop as all countries experience higher unemployment levels, except for Germany (5.6% and the under 25’s at 7.9%). Recently even German markets have experienced an economic slowdown.

One has to wonder how long the Germans will work to pay for and bail out the rest of the European Union.

 

 

Vast Right Wing Conspiracy Part Duh

Apparently suffering the long term effects of habitual Botox abuse, House Minority Leader Nancy Pelosi again defied the grounding gravity of logic to concoct a thread bare story trying to tie Wednesday’s contempt of Congress proceedings in the House of Representatives to unproven allegations of voter suppression.

“It is no accident; it is no coincidence that the attorney general of the United States is the person responsible for making sure that voter suppression does not happen in our country, that issues that relate to the civil liberties of the American people are upheld.  These very same people who are holding him in contempt are part of a nationwide scheme to suppress the vote.  This is part of the scheme that the right-wing over-the-edge — and I don’t think that all Republicans subscribe to this — but the over-the-edge gang, which dominates the House of Representatives.” said Pelosi in her weekly news conference.

Revealing yet another portion of the chamber of horrors that is her power obsessed mind, Pelosi channeled Hillary Clinton, experiencing a vicarious flashback to Clinton’s infamous “vast right wing conspiracy” moment.

Never mind that there are hundreds of Mexicans and an American Border Control Agent dead as the result of sophisticated automatic weapons ending up in the hands of known, hardened criminals.  It should not matter to voters that this is a result of the current administration’s irresponsible, scandalous Fast and Furious gun walking operation.  Finding out how that happened and who is ultimately responsible for those deaths is not important.

Changing the subject to a fabricated conspiracy theory that attempts to put Republicans on the political defensive, while distracting from “progressive” failures in both the Executive and Legislative branches to address the very real economic problems in America is what matters.

Actor Morgan Freeman has said the effort to clean up voter fraud is all about disenfranchising minority voters: “My point is that women, Hispanics, blacks, there is a large attempt, a great attempt, at disenfranchisement. I mean, it’s right out in the open. I’m not, you know, this isn’t like breaking news or anything. Why is that?”

Forget that in States where voter rolls have been more closely inspected the names of people dead for years, sometimes decades, are discovered to be still on those rolls.  Further investigation of registered voter information has revealed names registered at addresses that turn out to be vacant lots or gasoline filling stations.  Integrity, honesty, accuracy, ensuring that American Citizens retain confidence in the electoral process; none of those require attention.

What is important is to play the race card in a desperate attempt to invigorate sagging voter interest within the “progressive” political base.

If “progressives” are going to insist on continuing their smear campaign against Conservatives with innuendos and unproven accusations of voter suppression regardless of the facts; if “progressives” are going to protect voter registration irregularities at every turn, then Conservatives should start fighting fire with fire.

Since it should now be painfully obvious that partisan “progressive” political interests trump voter integrity, Conservatives should quit crying foul and get in the game.

Conservatives, especially those racist, violent right wing extremists in that fringe radical Tea Party movement, should coordinate with their oh so close, bosom buddies and deep pocketed financiers, the Koch brothers, to fund the importation of millions of Conservative voters from around the world into America.  “progressives” “know” that those evil Koch brothers have enough money to buy the planet several times over, so the funds required to finance such a move will probably come out of petty cash.

Imagine the display of shock, dismay and angst amongst “progressives’ should the White House refuse to grant 800,000 temporary work visas to any of the innocents between the ages of 18 and 30 who through no fault of their own, were brought to America as a byproduct of the operation.

Should “progressives” cry foul over the illegal importation of millions of people who disagree with their “vision for America”, those protestations will unequivocally be based solely upon race hatred, as will all protestations presented against policy initiatives resulting from a Mitt Romney election to the White House.

If “progressives” demand that every voter identify themselves with a photo ID to ensure that Conservative illegal aliens are not using the names of dead people to vote in American elections, the obvious motivate will clearly be a desire to re-institutionalize Jim Crow style voter suppression that enjoyed widespread acceptance among “progressive” Democrats following post-Civil War Reconstruction in the south.

If the “progressive” candidate for office enjoys a slim lead in a hotly contested race, Conservatives should then file lawsuits demanding that “all the votes be counted” to buy themselves enough time to “find” a “somehow misplaced” box stuffed with provisional ballots that swing the election results in favor of the Conservative…then quickly move to have the counting stopped and the election certified.  Ideally, the result of the race would give Conservatives a filibuster proof majority in the U.S. Senate and allow full repeal of the contemptuously passed, ill advised, intentionally misrepresented, clearly misnamed “Affordable” Care Act.

That will be a good first step towards leveling the playing field.

Now can we finally get back to what matters most to the majority of Americans, like where and how to find a job?

http://mjfellright.wordpress.com/2012/06/22/vast-right-wing-conspiracy-part-duh/

First Time Unemployment Drops Again… But…

weekly jobless

Like many I look forward to seeing the unemployment numbers released by the Department of Labor each Thursday morning. These numbers reflect individual’s initial filing for unemployment benefits. They are not indicative of new jobs. Job growth numbers come out the first Friday of each month (I also watch for this). Dropping first time unemployment numbers coupled with increasing new jobs results in lowered unemployment.

Many experts agree that if the first time unemployed numbers drop to 350,000 it will be a sign of a growing economy. Listening to some of the news reports one might expect that magic number is just around the corner. Here are a few headlines from today’s report:

NEW YORK (CNNMoney) — Fewer Americans filed for their first week of unemployment benefits last week, but any glimmer of good news was cancelled out as the Labor Department also revised last week’s figure higher.
About 387,000 people filed new jobless claims in the week ended June 16, down from the previous week’s figure, which was revised up to 389,000, according to the Bureau of Labor Statistics.

USA Today — Weekly applications for unemployment aid fell 2,000 to a seasonally adjusted 387,000, the Labor Department said. That’s down from an upwardly revised 389,000.

WASHINGTON (AP) – The number of people seeking U.S. unemployment benefits dipped last week but not by enough to signal a better month of hiring in June.
Weekly applications for unemployment aid declined by 2,000 to a seasonally adjusted 387,000, the Labor Department said. That’s down from an upwardly revised 389,000.

MSNBC — Jobless claims edge lower, remain elevated

Did you notice anything unusual?

They all, or at least most, note that this week’s lower number is being compared to a ‘revised’ number from last week. It first, it may seem innocuous, but as reported in May, in 59 out of the past 60 weeks the unemployment number was revised UP.  In other words, each week reporters stated that the new number was lower than the previous week. The initial numbers were always lower than the revisions. Isn’t that a statistical impossibility? How are these government estimators off the same direction each week? How many times can you flip a quarter and have it land on heads?

It is interesting to note that while the initial job numbers are big news each week the revisions rarely make headlines. So, what are we to make of this? Is our government purposely misleading citizens by underestimating numbers each week? Are they being more hopeful than realistic? Is this yet another political move geared toward the under-informed populous—those who catch the evening news and trust all that is reported?

What is for sure is that there are still too many companies laying off workers; too many skilled workers have taken part time or lower pay positions and too many workers who have given up and are no longer looking for jobs. The stimulus that promised to keep our employment under 8% may have staved off some government job cuts for a year or two but didn’t do much for the rest of us. We sure can use a jolt to the economy, something needs to change. And maybe then we’ll have some hope.

You be the judge: Did Romney tell Rick Scott to fall in line?

MITT-ROMNEY

Bloomberg.com is reporting that the Romney campaign may have told Florida Governor Rick Scott to downplay job gains in the sunshine state.

Mitt Romney’s presidential campaign asked Florida Republican Governor Rick Scott to tone down his statements heralding improvements in the state’s economy because they clash with the presumptive Republican nominee’s message that the nation is suffering under President Barack Obama, according to two people familiar with the matter.

Messaging is important, but at what cost? GOP Governors need to be able to toot their own horns in showing that job growth in free-market states is much higher than the over-regulated, Democrat-controlled states like Michigan, California and Illinois. In fact, out of the states with the ten lowest unemployment rates* only two have Democrat leadership.

1 NORTH DAKOTA 3.0
2 NEBRASKA 3.9
3 SOUTH DAKOTA 4.3
4 VERMONT 4.6
5 OKLAHOMA 4.8
6 NEW HAMPSHIRE 5.0
7 IOWA 5.1
8 WYOMING 5.2
9 MINNESOTA 5.6
9 VIRGINIA 5.6

The Romney campaigns request for messaging may not be as evil as first reports indicate. According to unnamed sources, Gov. Scott was asked to say that the state’s jobless rate could improve faster under a Romney presidency.

The implied commentary is that while GOP governors are creating jobs, they are doing so against the headwind of Obama’s failed policies.

So was the Romney campaign’s request out-of-line?

*according to May 2012 BLS statistics

Free Market Advocacy Group spending big money this season

doing fine

The commonly held thought that the general public doesn’t pay attention to political issues until the fall months has been proven shattered.  Americans For Prosperity, a nationwide issue advocacy group, is breaking the mold when it comes to educating the public by launching a multimillion dollar ad campaign and grassroots activist effort well before “election season.” And according to AFP President Tim Phillips, it’s gaining momentum.

“We’re in Montana now on a bus tour and the crowds are big. The response is significant,” says Phillips. “Traditional thought that people only pay attention at the end isn’t true any more.”

Capitalizing on the stunning statement made by President Obama that “the private sector is doing fine,” the newly released AFP ad includes shocking statistics to back up their claim that the president’s economic policy is failing the American people.

Phillips acknowledged President Obama’s attempt to walk-back the statement for political reasons, but asserted that Obama’s true feelings about the private sector were clearly revealed in the president’s off-the-cuff remark.

AFP has targeted several states including Florida, Virginia, Ohio, Pennsylvania and others for both the huge ad buy and “on the ground” efforts to mobilize citizens.  They plan to expand door-to-door activity and phone banks as the campaign season rolls on.

“Americans For Prosperity is a genuine longterm grassroots organization to stand up for economic freedom,” continued Phillips. “We plan to make a big difference.”

View the new ad here: “Doing Fine”

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