Posted on 01/29/2015 6:02:45 PM PST by PROCON
President Obama Thursday touted the looming release of his federal budget, urging Republicans to support a slate of tax increases to pay for his economic blueprint for the middle class.
“We have to choose what we want that future to look like,” Obama said in an op-ed published by the Huffington Post. “Will we accept an economy where only a few of us do spectacularly well? Or will we commit ourselves to an economy that generates rising incomes and rising chances for everyone who makes the effort?”
The president is calling for a 7 percent spending hike in fiscal 2016, the elimination of across-the-board budget cuts, the so-called sequester, and an increase of $320 billion in taxes over the next decade.
(Excerpt) Read more at washingtonexaminer.com ...
Hope the pubbies stick to their "dead on arrival" budget threat.
Should we have an economy like Cuba where the average person lives on $20 a month and people trying to escape are killed?
Call the men in white coats
Yup... he has a very twisted idea of success.
for the destruction of the united states.
he left out the last half giving the context of his remarks.
Plns crash should have been plane crash. Typing in the dark. I am trying to recall how many times I saw them...maybe 5. I also saw the Allman Brothers at the University of Florida Bandshell for free when they thought the future MTV would be concert clips. There is at least one video from this concert on Youtube. The Bandshell is an A-frame roof over the stage with trees behind it.
Barack Obama will be such a change from Bush. Have you heard his platform slogan? Hope and Change. I can’t wait for November 2008 to vote.
*what universe does this guy inhabit? He’s still campaigning like he’s the democrat candidate.
**we should call him Barack the Virgin
How bad can it get? compare the number of working in 2007 and end of 2014. The population has increased. We still lack millions of jobs. And look at how many stopped looking for jobs! And look at those number of people losing jobs during the years Obama was busy destroying our healthcare system! Look how well the foreign born have done.
The data are annualized except when noted otherwise. All are monthly or quarterly. I use the last month / quarter of the year.
Much of the size of this is taken up by instructions on how to get the sources of the data and much, much more data!
The numbered column headings are for:
Taking into account the year preceding the Obama administration, here is the first six years of the administration using these spread sheet formulas to compute %'s:
(2014 value - 2008 value) / 2008 value
I get
Col 11 and Col 12 are the (phony?) Unemployment rate and Unemployment rate of the full-time labor force, respectively. See table for President Obama's disasters in these categories:
| Year |
|---|
| 2007 |
| 2008 |
| 2009 |
| 2010 |
| 2011 |
| 2012 |
| 2013 |
| 2014 |
| Year |
| 2. |
|---|
| 232937 |
| 234825 |
| 236739 |
| 238712 |
| 240431 |
| 244169 |
| 246564 |
| 248843 |
| 2. |
| 3. |
|---|
| 153645 |
| 154723 |
| 153591 |
| 153803 |
| 153995 |
| 155450 |
| 154989 |
| 156258 |
| 3. |
| 4. |
|---|
| 66.0 |
| 65.9 |
| 64.9 |
| 64.4 |
| 64.0 |
| 63.7 |
| 62.9 |
| 62.8 |
| 4. |
| 5. |
|---|
| 146272 |
| 144091 |
| 138368 |
| 139155 |
| 140669 |
| 143303 |
| 144205 |
| 147344 |
| 5. |
| 6. |
|---|
| 62.8 |
| 61.4 |
| 58.4 |
| 58.3 |
| 58.5 |
| 58.7 |
| 58.5 |
| 59.2 |
| 6. |
| 7. |
|---|
| 121621 |
| 118281 |
| 110906 |
| 111655 |
| 113269 |
| 115610 |
| 116826 |
| 119707 |
| 7. |
| 8. |
|---|
| 24727 |
| 25836 |
| 27423 |
| 27444 |
| 27355 |
| 27684 |
| 27378 |
| 27657 |
| 8. |
| 9. |
|---|
| 7374 |
| 10633 |
| 15223 |
| 14649 |
| 13326 |
| 12146 |
| 10784 |
| 8914 |
| 9. |
| 10. |
|---|
| 6009 |
| 9009 |
| 13444 |
| 12867 |
| 11521 |
| 10338 |
| 9171 |
| 7478 |
| 10. |
| 11. |
|---|
| 4.8 |
| 6.9 |
| 9.9 |
| 9.5 |
| 8.7 |
| 7.8 |
| 7.0 |
| 5.7 |
| 11. |
| 12. |
|---|
| 4.7 |
| 7.1 |
| 10.8 |
| 10.3 |
| 9.2 |
| 8.2 |
| 7.3 |
| 5.9 |
| 12. |
| 13. |
|---|
| 79291 |
| 80102 |
| 83148 |
| 84908 |
| 86436 |
| 88719 |
| 91575 |
| 92584 |
| 13. |
| pop. |
|---|
| 301230 |
| 304090 |
| 306770 |
| 309330 |
| 311590 |
| 313910 |
| 316160 |
| 319470 |
| pop. |
| labor1 | labor1 | |
|---|---|---|
| 123524 | 22810 | |
| 121211 | 22138 | |
| 116663 | 21290 | |
| 117006 | 22153 | |
| 118033 | 22647 | |
| 119844 | 23216 | |
| 120636 | 23787 | |
| 122558 | 24890 | |
| labor1 | labor1 | |
| force | force | |
| domestic | foreign | |
| born | born | |
| [1000s] | [1000s] |
| PR2 |
|---|
| 68.2 |
| 67.9 |
| 67.2 |
| 67.8 |
| 67.4 |
| 66.4 |
| 66.1 |
| 65.9 |
| PR2 |
| UR2 |
|---|
| 4.7 |
| 7.6 |
| 11.0 |
| 10.6 |
| 8.8 |
| 8.0 |
| 6.5 |
| 5.3 |
| UR2 |
| income3 |
|---|
| 56,436 |
| 54,423 |
| 54,059 |
| 52,646 |
| 51,842 |
| 51,759 |
| 51,939 |
| N |
| income3 |
| median income |
| Recession |
|---|
| Dec 2007 |
| to |
| Jun 2009 |
| - |
| - |
| - |
| - |
| - |
| Year |
|---|
| 2007 |
| 2008 |
| 2009 |
| 2010 |
| 2011 |
| 2012 |
| 2013 |
| 2014 |
| Year |
| GDP |
|---|
| 1.8 |
| -0.3 |
| -2.8 |
| 2.5 |
| 1.6 |
| 2.3 |
| 2.2 |
| 5 |
| GDP |
| % chg |
| PCE |
|---|
| 0.34 |
| -3.16 |
| -0.01 |
| 2.79 |
| 0.94 |
| 1.32 |
| 2.51 |
| 2.21 |
| PCE |
| U-6 |
|---|
| 8.8 |
| 13.6 |
| 17.1 |
| 16.6 |
| 15.2 |
| 14.4 |
| 13.1 |
| 11.2 |
| U-6 |
| U-2 |
|---|
| 2.5 |
| 4.3 |
| 6.3 |
| 5.7 |
| 4.9 |
| 4.2 |
| 3.5 |
| 2.8 |
| U-2 |
| SSDI |
|---|
| 823,106 |
| 895,011 |
| 985,940 |
| 1,052,551 |
| 1,025,003 |
| 979,973 |
| 884,894 |
| 810,973 |
| SSDI |
1labor: If second labor column (foreign born) is not shown hover the labor (domestic numbers) for foreign born numbers.
Source: to find the tables go here Data Retrieval: Labor Force Statistics (CPS)
HOUSEHOLD DATA Table A-7. Employment status of the civilian population by nativity and sex, not seasonally adjusted [Numbers in thousands]
Employment status and nativity. Then
Scroll down to "Retrieve Data"
The data that I include above are from the month of December except for 2014 where November is the last month with data available.
2 PR Civilian labor force participation rate, foreign born and UR unemployment rate, foreign born. See 1 for source.
3income: For the Census Bureau income data go here. Choose "Consumer Income Reports (P60)" then choose "P60-249 Income and Poverty in the United States: 2013" (pdf file).
|
The numbered column headings are for:
The rest of the columns are:
Some columns are combined / omitted to fit desired columns on a PC screen. Use hover to view combined columns.
All values in the numbered-columns are from annualized quarterly sources. The value displayed is for the fourth quarter.
| Table Information |
|---|
| Column headings 1 to 13 |
| I've combined several tables into one. Most of the tables were obtained here: go to Bureau of Labor Statistics (BLS) Labor Force Statisics from the Current Population Survey (CPS). Make your selections. I chose quarterly data. I took the fourth quarter data from each table and combined them into the main part of the table above. For the year 2014 I took the third quarter data. |
| pop. Population data |
|---|
| Go here U.S. population and US Census clock, Dec 22, 2014 319.47 million |
| Recession |
|---|
| CENSUS BUREAU, BUREAU OF LABOR STATISTICS SOURCES |
| National Bureau of Economic Research, Inc. Cambridge MA 02138 US Business Cycle Expansions and Contractions Link from BLS SPOTLIGHT ON STATISTICS THE RECESSION OF 2007 – 2009 |
| GDP - Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product (annual rates) |
|---|
| see PCE |
| PCE Personal consumption expenditures |
|---|
| The GDP Personal consumption expenditures percentage US Department of Commerce, Bureau of Economic Analysis (BEA) Gross Domestic Product (GDP) If you are not at Gross Domestic Product (GDP) search for it. It should be on page http://www.bea.gov/national/index.htm. Then click on
I did not know which tables to look for so I chose to download them all in csv format. I clicked on Section 1 (2852.7k) I used Table 1.1.2. Contributions to Percent Change in Real Gross Domestic Product |
| U-6 |
|---|
| Hover column for U-2 data. |
| U-1 to U-6 unemployment rates. We know how the "official unemployment rate" is manipulated so I won't include it here. These are annualized monthly data for December. For 2014 I used November. |
| Series Id: LNS13327709 Seasonally Adjusted Series title: (seas) Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers Labor force status: Aggregated totals unemployed Type of data: Percent or rate Age: 16 years and over Percent/rates: Unemployed and mrg attached and pt for econ reas as percent of labor force plus marg attached. |
| U-2 |
|---|
| U-1 to U-6 unemployment rates. These are annualized monthly data for December. For 2014 I used November. |
| Series Id: LNS14023621 Seasonally Adjusted Series title: (Seas) Unemployment Rate - Job Losers Type of data: Percent or rate Age: 16 years and over Reasons looking for work: Job losers and persons who completed temporary jobs U-2 |
| SSDI |
|---|
| Selected Data from Social Security's Disability Program |
| The following table presents unedited data (including corrections, if any) on disabled worker beneficiaries paid from Social Security's Disability Insurance Trust Fund. In particular, unedited award data may contain duplicate cases. |
| 2014 data are the sum of first three quarters |
Footnotes
N Not available.
Z Represents or rounds to zero.
Both blueprints and socialism are outdated.
when was the last time we had a budget?
Tax increases on the middle class are a “blueprint for success?”
At least our next President will be an American.
Success at what? Turning America into Cuba?
Will his Budget be Fiction , Comedy or Tragedy this year ,LOL
Dreams From My Mack Daddy
Zero’s pappy proposed taxing the peasants at 100%.
Then guys like him would decide what we got back.
Budget? What’s this budget of which he speaks? Has he actually submitted, let alone signed a budget in the last six years?
And by budget, I mean an actual budget. Not a continuing resolution or whatnot..
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
