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Showing posts with label Obama's economy. Show all posts
Showing posts with label Obama's economy. Show all posts

Sunday, November 11, 2012

The Day America Changed

November 6, 2012 is the day America changed. 8 to 9 percent unemployment is the new normal. It’s good enough. 46 million people on food stamps is OK. It shows we care. Debt spending is good. It will get paid off some day and if not, our kids can worry about it. Trillion dollar deficits make sense.

Socialized medicine is good. It will cost more, but did you honestly believe it wouldn’t? It doesn’t matter what you were told. Catholics should pay for abortions. Sandra Fluke is a prophet. Abortions and birth control should be free. We should fund abortions overseas, too.

The First Lady should be allowed to blow millions on lavish vacations. The White House parties should cost millions, too. The president should play as much golf and basketball as he pleases. They deserve it. They work hard. They’re Democrats.

Greedy Americans should pay more taxes and millions of Americans who pay no taxes should receive more free money. It’s only fair. Businesses can afford to pay more taxes too. That’s what they teach you in school, right? We all know the Bush tax cuts that brought the deficit from $450 billion to $175 billion in four years and created millions of jobs didn’t work. Obama said so. And did you know Obama created 5 million jobs? Who cares how he came up with that number. In September he even created 600,000 part-time jobs somewhere. And, don’t you dare question his math. because like he said, he doesn't lie.

Benghazi was a protest, or a terrorist attack. Obama said so from the beginning. Who cares anyway. Things like that happen all the time. And the media never covered anything up to help the president either. Right, 60 Minutes?

Al-Qaeda is dead or on the run.

We pushed the restart button with Russia. Putin is a democrat. He can be trusted. What do you mean there are Russian subs in the Gulf and off the east coast?

It’s not racist that 97% of blacks vote Democrat. It’s racist if you are white and vote Republican.

The media is your friend. The mainstream media is not biased. They would never hide anything from you.

Katrina was a national embarrassment. It was Bush’s fault. Sandy was not so bad. And Obama did a great job focusing on it from between campaign stops. The people are not suffering so much or we would have heard about it in the news.

America was once the land of the free. Now we want to be told what to do. More government is good. We want stuff. On Tuesday America changed.

If this is the new normal and we accept it, then not only is this Country in the deepest peril since 1860,....then we deserve it.
God help us in the days ahead.



Sunday, February 19, 2012

The Real Unemployment Rate

If you believe the unemployment rate is 8.3% then you have been fooled, says the latest article by Forbes.

Forbes says the unemployment rate is really 11%. Here is how they come to that conclusion:

* In January 2009, labor force participation rate was 65.7%.
* It was still 65.7% in June 2009 when they said the recession ended.
* The latest rate is 63.7% = 5 million Americans no longer counted.
* If those 5 million are counted, we have 11% unemployment.
* If the January 2012 report had the same participation rate as December 2011, the unemployment rate would have risen to 8.7%.

The time has come to begin to raise questions about the precipitous decline in the labor force assumed by Bureau of Labor Statistics (BLS). Are the career bureaucrats there partial to President Obama, and favorable towards promoting his political chances for reelection? Or has the Obama Administration placed someone in a leadership slot over at the BLS or the unemployment statistics branch that is imposing this assumed sharp decline? Because of the oddness of this record setting decline, coinciding with President Obama’s ascension to office, these questions bear further investigation.

Here is the unemployment rate by demographic:

* Blacks: 13.6%
* Hispanics: 10.5%
* Teenagers: 23.2%
* Black Teenagers: 40%

To grade Obama, it is best to see how this "recovery" compares to others.

* Average length of a recession: 10 months, we are now at 50 months.
* Obama boasts about 250,000 jobs created. Reagan routinely created 1 million jobs.
* Can't blame Bush because history shows the steeper the recession, the stronger the recovery.
* After 2.5 years: Reagan created 8 million jobs and unemployment dropped 3.6%


Again, that website is here.