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Keyword: obamalaise

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  • More Job Market Malaise: December's Unemployment Rate Was Probably Not a One-Off

    01/11/2014 5:58:34 PM PST · by SeekAndFind · 10 replies
    Pajamas Media ^ | 01/11/2014 | Tom Blumer
    On the Wednesday conference call [1] following the release of the ADP’s December National Employment Report [2] on private-sector hiring, Mark Zandi, chief economist at Moody’s Analytics, the firm primarily responsible for the report’s preparation, told attendees: “It feels like the job market has kicked into a higher gear.”It’s hard to blame Zandi for wanting this to happen. After what he described as a lot of “false starts” in the past four and a half years since the recession officially ended, who doesn’t want to see some better employment news?ADP’s report showed that private firms added 238,000 jobs. Though...
  • The People's Choice:Distrust-Collapsing Confidence in Government is Bad News, But There's a Way Out

    07/21/2013 2:22:31 AM PDT · by lbryce · 33 replies
    Wall Street Journal ^ | GERALD F. SEIB
    Senate Majority Leader Harry Reid sat in an elegant room in the Capitol on Monday afternoon, knowing that the body he leads was in imminent danger of a partisan meltdown. A bitter dispute was still raging over a seemingly simple taskthe confirmation of presidential nominees. The crisis led him to muse about the broader consequences of what sometimes appears to be permanent congressional dysfunction. "When I ran the first time, the approval rating of Congress was at 45%," said Sen. Reid, who came to Washington from his home state of Nevada three decades ago. "Now it's at 10%. In all...
  • The Federal Reserve Is Paying Banks NOT To Lend 1.8 Trillion Dollars To The American People

    07/01/2013 5:51:32 PM PDT · by lbryce · 19 replies
    The Economic Collapse ^ | July 1, 2013 | Michael Snyder
    Did you know that U.S. banks have more than 1.8 trillion dollars parked at the Federal Reserve and that the Fed is actually paying them not to lend that money to us? We were always told that the goal of quantitative easing was to "help the economy", but the truth is that the vast majority of the money that the Fed has created through quantitative easing has not even gotten into the system. Instead, most of it is sitting at the Fed slowly earning interest for the bankers. Back in October 2008, just as the last financial crisis was starting,...
  • 12 Clear Signals That The U.S. Economy Is About To Really Slow Down

    06/12/2013 11:45:57 AM PDT · by lbryce · 41 replies
    Economic Collapse ^ | June 5, 2013 | Michael
    A lot of things that have not happened since the last recession are starting to happen again. As you read the list below, you will notice that the year "2009" comes up again and again. There is a reason for that. Many of the same patterns that we witnessed during the last major economic downturn are starting to repeat themselves. In fact, many of the things that are happening right now have not happened in quite a few years. For example, manufacturing activity in the U.S. has contracted for the first time in four years. The inventory to sales ratio...
  • Republicans rip White House over finger pointing in wake of dismal GDP report (Truth hurts)

    01/30/2013 5:26:56 PM PST · by Kaslin · 32 replies
    FoxNews.com ^ | January 30, 2013
    Republicans accused the White House of having selective amnesia Wednesday after President Obama's top spokesman blamed Republicans for an unexpectedly dismal GDP report that showed the economy contracting in the fourth quarter. The White House had suggested GOP willingness to let sweeping defense cuts take effect was the culprit -- but an aide to House Speaker John Boehner quickly reminded Democrats that Republicans have tried to stop those cuts. "These arbitrary, automatic cuts were a creation and demand of the White House in 2011," Boehner spokesman Brendan Buck said. "Twice the House has passed legislation to replace them with common...
  • This Graph Should Scare You

    11/18/2012 2:18:34 PM PST · by lbryce · 65 replies
    Washington Post WonkBlog ^ | November 18, 2012 | Staff
    A new study from the Congressional Budget Office starts with the scariest graph youll see today. Source: Congressional Budget Office In other words, youre not imagining it: This economic recovery has been a big disappointment relative to what the United States has usually experienced after a recession. Growth has been 9 percent below what was seen in past recoveries on average in its first three years. The CBO report tries to disentangle where that underperformance is coming from and its answer is deeply unsettling: The U.S. economy just isnt as good at growing as it used to be. The new...
  • Obama accuses Romney of suffering from 'Romnesia'

    10/19/2012 10:29:22 AM PDT · by Free ThinkerNY · 42 replies
    Associated Press ^ | Oct. 19, 2012
    FAIRFAX, Va. (AP) -- President Barack Obama has a diagnosis for what he considers rival Mitt Romney's shifting positions: Call it a case of "Romnesia." Making a direct gender-pitch in hotly contested Virginia, Obama tells a college crowd that when it comes to issues important to women's health and jobs, Romney has conveniently overlooked his past stands.
  • I am Officially Launching a NEW TERM...

    10/18/2012 12:09:45 PM PDT · by HamiltonJay · 22 replies
    Carter had the Misery Index... Hoover had Hooverville's I am officially coining the term OBAMALAISE! If it already exists, my apologies, but haven't heard it before so have at it social media.. lets tweet Vote for Romney and get out of the #Obamalaise. "Big Bird and Binders won't get us out of the Obamalaise we are in."
  • Obama's Misery Index

    09/21/2012 3:50:07 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | September 21, 2012 | John Ransom
    To give you an idea how bad the jobs report released on Friday is, consider this fact: The employment situation in the country is so bad that economists cant accurately measure it with the existing tools they use to measure jobs. In other words, we have entered a period in our country not contemplated by economists. They simply dont have the tools to measure whats actually occurring in the jobs market. Modern economists never imagined a scenario in which a country with as much wealth, power and innovation as United States could stretch out a jobs recession as long as...
  • Inflation: Biggest rise in CPI in 3 years (economy slowdown plus inflation-Carter Part II?)

    10/19/2011 3:13:18 PM PDT · by Signalman · 12 replies
    CNNMoney ^ | 10/19/2011 | Chris Isidore
    NEW YORK (CNNMoney) -- Inflation took a bigger bite out of consumers' wallets over the last 12 months, with September marking the biggest rise in three years. But at the same time, monthly price increases are starting to slow. The Consumer Price Index, the government's key measure of inflation at the retail level, jumped 3.9% in September from the year before. Higher food and energy prices again were the biggest culprits, with food 4.7% more expensive than a year earlier, and energy prices jumping 19.3%. Even core CPI, which strips out volatile food and energy prices, posted a 2% gain...
  • Obama To Propose $1.5 Trillion In Tax Increases Tomorrow

    09/18/2011 8:06:43 PM PDT · by blam · 80 replies
    TBI ^ | 9-18-2011 | Zeke Miller
    Obama To Propose $1.5 Trillion In Tax Increases Tomorrow Zeke Miller Sep. 18, 2011 President Barack Obama will ask the Super Committee to double its mandate and cut $3 trillion from the federal deficit, according to White House officials, with half of the savings coming from tax increases on corporations the wealthy. Republicans have already rejected a central component of the plan the so-called "Buffett Rule," which would set a minimum tax rate for those with incomes over $1 million. This tax increase goes well above and beyond the approximately $800 billion agreed to by Speaker of the House...
  • Expect the Unexpectedly

    08/26/2011 10:05:55 PM PDT · by GATOR NAVY · 12 replies
    NRO ^ | 26 Aug 11 | Jim Geraghty
    It is the most common adverb of the Obama years: “unexpectedly.” ● “Sales of U.S. previously owned homes unexpectedly dropped in July,” reported Bloomberg. ● “Manufacturing in the Philadelphia region unexpectedly contracted in August by the most in more than two years as orders plunged and factories shed workers,”reported Bloomberg Businessweek. ● “Consumer spending unexpectedly fell in June,” reported Reuters. ● “Dismal economic data on Thursday pointed to an unexpectedly abrupt slowdown in manufacturing and a pickup in inflation,” reported the New York Times’ business page.This is just in the past week; hundreds of articles each month note that some...
  • He Could Always Admit He Was Wrong

    08/22/2011 12:07:26 PM PDT · by neverdem · 21 replies
    American Spectator ^ | 8.22.11 | Ralph R. Reiland
    Only 26 percent of the public approves of President Obama's handling of the economy in the latest Gallup poll, conducted Aug. 11-14, while a whopping 71 percent said they disapproved. That's down from Obama's previous low point of 35 percent on this top issue. The public's growing dissatisfaction shouldn't be surprising. Going back to 1890, reports the National Bureau of Economic Research, the only U.S. president with a worse record than Obama in job creation in his first two and a half years in office, measured in terms of percentage change, was Herbert Hoover, presiding over the emergence of the...
  • Frustrated Obama Rips Congress: Its Time for Certain People to put Country over Party

    08/11/2011 6:25:37 PM PDT · by lbryce · 46 replies
    Hot Air ^ | August 11, 2011 | AllahPundit
    An actual quote from todays remarks: There are some in Congress right now who would rather see their opponents lose than see America win. To which Steve Hayes, irked by the sight of yet another straw man being torched, replies, Who are they? The answer, I can only assume, is congressional progressives: Theyre the ones who refuse to budge on the ruinous Medicare spending thats rocketing the country towards fiscal collapse, as doing so would forfeit their partys big campaign issue next year. But in case The Ones referring to tea-party congressmen (as he surely is), what was amazing about...
  • Obama says he inherited economic problems

    08/08/2011 5:51:57 PM PDT · by PROCON · 133 replies
    reuters ^ | Aug. 8, 2011 | Jeff Mason
    (Reuters) - President Barack Obama said on Monday he inherited much of the country's problems with high debt and deficits when he entered the White House, sounding a theme likely to dominate his 2012 re-election campaign. Speaking at a Democratic fundraiser, Obama also defended his economic record and noted that problems in Europe were affecting the United States.
  • S&P 500, Nasdaq, (and DOW) fall more than 4 percent

    08/04/2011 11:54:58 AM PDT · by NormsRevenge · 141 replies
    Reuters ^ | 8/4/11 | Caroline Valetkevitch
    NEW YORK (Reuters) - Investors fled stocks on Thursday, putting the S&P 500 into correction territory, as worries about the U.S. economy and European debt escalated. All three indexes were down 2 percent, having fallen more than 3 percent each at one point. Decliners beat advancers on the New York Stock Exchange by 14 to 1. "People are throwing in the towel because they can't find relief on any front. There are a lot of worries about the economy," said Milton Ezrati, market strategist at Lord Abbett Co. in Jersey City, New Jersey, which manages $110 billion in assets. The...
  • Obama says debt ceiling crisis hurt economy

    08/03/2011 12:57:00 PM PDT · by Justaham · 55 replies
    Reuters ^ | 8-3-11
    The U.S. debt ceiling crisis had an unnecessary negative impact on the economy, President Barack Obama said on Wednesday, while a congressional impasse over aviation could cost the government $1 billion in lost revenues. Obama signed legislation into law on Tuesday that would raise the U.S. debt ceiling and cut spending, averting a default hours before a deadline. "The economy is still weakened, partly because of some things we couldn't control like the Japanese earthquake and the situation in Europe as well as the Arab Spring and its effect on oil prices," Obama told reporters at the White House at...
  • The Diminished President

    08/01/2011 11:29:38 PM PDT · by lbryce · 36 replies
    New York Times ^ | JUly 31, 2011 | ROSS DOUTHAT
    By rights, Barack Obama should be emerging as the big political winner in the debt ceiling debate. For months, hes positioned himself near the center of public opinion, leaving Republicans to occupy the rightward flank. Poll after poll suggests that Americans prefer the presidents call for a mix of spending cuts and tax increases to the Republican Partys anti-tax approach. Poll after poll shows that House Republicans, not Obama, would take most of the blame if the debt ceiling werent raised. Yet the presidents approval ratings have been sinking steadily for weeks, hitting a George W. Bush-esque low of 40...
  • (CBS NEWS) Analyst: Even Dollar Stores Struggling In Obama Depression

    07/11/2011 1:39:51 PM PDT · by The Magical Mischief Tour · 64 replies
    CBS Los Angeles ^ | 07/11/2011 | CBS Los Angeles
    More stores across the U.S. that offer deeply-discounted products are seeing their sales decline after years of growth amid Americas Great Recession and one analyst said on Monday its another sign of even deeper downturn. SNIP I think whats going on in those stores is that we are in a depression for 80 percent of Americans, SNIP In other words, the economy is continuing to be worse, the Obama depression continues to explode, he added.
  • Obama: "I misunderstood the depth of the recession.".

    07/06/2011 8:58:45 PM PDT · by GlockThe Vote · 80 replies
    Talking points memo ^ | July 6 2011 | Barack obama
    Obama: I Underestimated Magnitude Of The Recession Advertisements [?] Source: Talking Points Memo President Obama openly acknowledged underestimating the length and magnitude of the worst recession since the Great Depression in a response to a question during his Twitter town hall. Always a tough question to answer, Obama was asked what mistakes he made in handling the economic crisis and what he would have done differently looking back on his first months in office. Obama freely admitted that he would have tried to do a better job explaining "to the American people it was going to take a...
  • Major Garrett: Town hall a sign of anxiety at Obama reelection HQ

    07/06/2011 6:31:52 PM PDT · by markomalley · 20 replies
    Daily Caller ^ | 7/6/2011 | Jeff Poor
    Wednesdays so-called Twitter town hall meeting conducted by President Barack Obama was certainly unprecedented. But was it a sign of trouble at Obama reelection headquarters in Chicago? Over the past few weeks, Democrats in Washington, D.C., have been driving the message of shared sacrificed as it pertains to the federal governments fiscal policy going forward in dealing with record deficit and debt issues. But in an appearance on Wednesdays The Laura Ingraham Show, National Journal congressional correspondent Major Garrett explained there were some unresolved questions, especially when it comes to the question of what Americans are getting for their sacrifice....
  • Bankers Say Supporting Obama Is "Bad For Business" And Embarrassing

    06/28/2011 6:47:22 PM PDT · by lbryce · 24 replies
    Business Insider ^ | June 28, 2011 | Katya Wachtel
    It is well documented that Wall Street was deeply offended by Obama's "fat cat" comments after he was elected President, so much so, that longtime Democratic supporters have shifted their support to the GOP for the next election. In fact, some Wall Streeters even alleged that at an even more basic level, Obama just doesn't like rich people. But apparently the disdain for Bam on the Street may be mostly appearances. According to Andrew Ross Sorkin at Dealbook, While many of the biggest name financiers feel that they cant publicly support Mr. Obama through campaign contributions the way they did...
  • Raging Stagflation: Inflation Higher As Empire State Mfg Index Tumbles, Confirms Contraction

    06/15/2011 9:17:31 AM PDT · by SeekAndFind · 5 replies
    Zero Hedge ^ | 06/15/2011 | Tyler Durden
    June brings us much more centrally planned stagflation. CPI increased 0.2% in May, higher than expected 0.1%, and up 3.6% Y/Y. This is the 11th consecutive increase in inflation. And so much for the CPI ex-Food and Energy which came at +0.3% on expectations of 0.2%, up from 0.2% in April: "The index for all items less food and energy increased 0.3 percent in May, its largest increase since July 2008. The indexes for apparel, shelter, new vehicles, and recreation all contributed to the acceleration, rising more in May than in April. These increases more than offset declines in the...
  • Stocks skid as banks slash jobs outlook

    06/01/2011 9:49:16 AM PDT · by Deo volente · 79 replies
    Yahoo.com ^ | June 1, 2011
    NEW YORK (Reuters) - Stocks skidded on Wednesday, with the Nasdaq off 1 percent as more weak economic data cemented fears of a slowdown and prompted big Wall Street players to slash their forecasts ahead of the closely watched payrolls report on Friday.
  • Editorial: Will 'Obamalaise' Create Another Downturn?

    05/26/2011 5:39:48 PM PDT · by Kaslin · 15 replies
    IBD Editorials ^ | May 26, 2011 | Staff
    Economic Policy: Today's choppy economic growth conjures up memories of the '70s, when another Democrat presidency reigned over a similar period of stagnation, dubbed the era of "malaise." Like the Carter years, the Obama years so far are marked by anti-business policies and anemic business activity. This week's raft of gloomy economic reports confirm the zombie Obama recovery has hit another dangerous soft patch. Among the bad news: Businesses last month slashed orders for autos and other durable goods by the largest amount in six months. Industrial output dropped the most in April for any month since the...
  • Kenya: US Wikileaks Comments Malicious

    12/03/2010 11:06:16 AM PST · by jimbo123 · 11 replies
    Christian Science Monitor ^ | 11/30/10 | Voice of America
    Kenya says it is surprised and shocked by reported comments about the country contained in leaked U.S. diplomatic memos. The German magazine Der Spiegel says the cables depict Kenya as a "swamp of corruption." Kenyan government spokesman Alfred Mutua says that if the report is true, the comments are malicious and a total misrepresentation of Kenya and its leaders.
  • My Groceries have been Obamasized! (Vanity)

    11/11/2010 7:53:35 AM PST · by frithguild · 64 replies
    November 11, 2010 | frithguild
    It is a war of words, because words stand for ideas. Winston Churchill said that history would be kind to him, because he would write it. Inflation is not coming, it is here. Perhaps calling debasement of the currency Quantitative Easing has allowed the government hand of inflation slip into our pockets a little bit less noticed than in the 1970s. The dirty secret, however, is not what the Fed has been calling it. The Consumer Price Index, used almost universally to measure inflation, does not recognize inflation when packages have been Obamasized: Thats because of how the CPIthe Consumer...
  • Mourning In America

    10/25/2010 5:31:21 PM PDT · by Kaslin · 4 replies · 1+ views
    IBD Editorials ^ | October 25, 2010 | Investors Business Daily staff
    Election 2010: Nine days before Americans go to the polls, CBS' "60 Minutes" tells the true story of just how many of them are in the unemployment line. Brother, can you spare a vote? Back in the day when President Reagan was trying to right the ship of state after the malaise and economic wreckage left by Jimmy Carter, the phrase "stay the course" was in vogue. These days, when even the mainstream media can see we've hit the iceberg, maybe it's time to change course. Then the promise of across-the-board tax cuts would bear fruit. All the Democrats are...
  • White House Insiders Feel Shellshocked, And Already Think It's Over For Obama

    10/13/2010 4:37:00 PM PDT · by lbryce · 24 replies
    Business Insider ^ | October 13, 2010 | Joe Wiesenthal
    The talk of the town for the next few days will be this big piece by Peter Baker in the NYT on President Obama. The piece paints a picture of a despondent administration: Yet even if the White House saw it coming, this is an administration that feels shellshocked. Many officials worry, they say, that the best days of the Obama presidency are behind them. They talk about whether it is time to move on. While not in the 30s, Obamas approval rating in surveys conducted by The New York Times and CBS News had fallen to 45 percent last...
  • Wisconsin - Biden riles the crowd: 'Youre the dullest audience Ive ever spoken to'

    10/07/2010 12:40:23 PM PDT · by Sub-Driver · 133 replies · 2+ views
    The Hill ^ | 10.7.10 | Jordan Fabian
    Biden riles the crowd: 'Youre the dullest audience Ive ever spoken to' By Jordan Fabian - 10/07/10 02:48 PM ET Vice President Joe Biden got a laugh from his audience at a Wisconsin fundraising event Thursday when he tried to rile the crowd about the economic collapse of 2008. We want to reward people who manufacture things in the United States, in Wisconsin, not to take them overseas to China and to other countries! he said to a silent room at the event for Democratic gubernatorial nominee Tom Barrett, according to a White House pool report. He continued, saying Youre...
  • Ed Rendell to left on MSNBC: Get over it

    10/05/2010 10:25:57 AM PDT · by Sub-Driver · 26 replies
    Ed Rendell to left on MSNBC: Get over it By: Andy Barr October 5, 2010 12:44 PM EDT Pennsylvania Gov. Ed Rendell says discouraged liberals need to get over it and support the Democratic Party, before they regret it. This isn't about President [Barack] Obama, Rendell said on MSNBCs Last Word Monday night. It's about whether the Democratic Party, not perfect, but certainly bent on trying to preserve theories in government and progressive practices, is going to be in charge of the Congress or the Republican Party. And it's not the Republican Party of old. This is a scary Republican...
  • Mondale to Obama: Ditch the 'idiot boards' [Slams TOTUS.....]

    10/04/2010 2:17:16 PM PDT · by Sub-Driver · 46 replies
    Mondale to Obama: Ditch the 'idiot boards' Former Vice President Walter Mondale suggested in an interview today President Obama stop relying on "idiot boards" -- teleprompters, that is -- to deliver his message to the American people. "He uses these idiot boards to read speeches in television, and I think he loses the connection that he needs emotionally with American voters," Mondale said in an interview set to air this evening on CNNs The Situation Room with Wolf Blitzer, according to a transcript from the network. "Idiot board" is a term used in television and movie production to refer to...
  • Jon Stewart to Bill O'Reilly on Obama: "I Thought He'd Do a Better Job"

    09/23/2010 6:19:15 AM PDT · by lbryce · 91 replies
    Fox News ^ | September 22, 2010 | Fox News
    Jon Stewart to Bill O'Reilly on Obama:I Thought He'd Do a Better JobPeople are speaking out. From the woman who ripped O a new one on live TV admonishing him for essentially having let her down, to as influential a supporter as Jon Stewart telling Bill O'Reilly that he is disappointed with the CIC (Communist in Chief), O might very well have to think that he's NOT the ONE, after all.
  • The Carter-Obama Comparisons Grow Walter Mondale himself sees a parallel.

    09/22/2010 7:16:59 AM PDT · by milwguy · 28 replies
    wsj ^ | 9/22/2010 | john fund
    Comparisons between the Obama White House and the failed presidency of Jimmy Carter are increasingly being madeand by Democrats. Walter Mondale, Mr. Carter's vice president, told The New Yorker this week that anxious and angry voters in the late 1970s "just turned against ussame as with Obama." As the polls turned against his administration, Mr. Mondale recalled that Mr. Carter "began to lose confidence in his ability to move the public." Democrats on Capitol Hill are now saying this is happening to Mr. Obama. But within a few months, liberals were already finding fault with his rhetoric. "He's the great...
  • The Carter-Obama Comparisons Grow (Walter Mondale himself sees a parallel)

    09/21/2010 8:28:25 PM PDT · by RobinMasters · 27 replies
    WSJ ^ | SEPTEMBER 20, 2010 | JOHN FUND
    Comparisons between the Obama White House and the failed presidency of Jimmy Carter are increasingly being madeand by Democrats. Walter Mondale, Mr. Carter's vice president, told The New Yorker this week that anxious and angry voters in the late 1970s "just turned against ussame as with Obama." As the polls turned against his administration, Mr. Mondale recalled that Mr. Carter "began to lose confidence in his ability to move the public." Democrats on Capitol Hill are now saying this is happening to Mr. Obama. Mr. Mondale says it's time for the president "to get rid of those teleprompters and connect"...
  • CNBC Town Hall Questioner To Obama: "I'm Exhausted Of Defending You"

    09/20/2010 9:43:13 AM PDT · by i88schwartz · 293 replies
    RealClearPolitics ^ | September 20, 2010 | RealClearPolitics
    "I'm one of your middle class Americans. And quite frankly, I'm exhausted. Exhausted of defending you, defending your administration, defending the mantle of change that I voted for," a woman told President Obama at a town hall.
  • Is it time for Gibbs to move on?

    08/11/2010 12:23:03 PM PDT · by Kartographer · 31 replies
    Washington Post ^ | 8/11/10 | Scott Wilson
    The truth hurts. This may be something for the White House to consider as midterm fatigue sets in and personnel starts to churn. Are White House press secretary Robert Gibbs' recent bouts of truth-telling a sign he should move on? For months, speculation has abounded that Gibbs will eventually move from his current post to become a less-visible senior adviser to President Obama. He already essentially plays that role, sitting in on virtually every major meeting regardless of subject matter and receiving rare bureaucratic carte blanche within a disciplined West Wing to jump from policy lane to lane. After seven...
  • Quarterbacks Get Out 'Hail Mary' Economy Passes

    08/09/2010 9:37:26 AM PDT · by lbryce · 7 replies
    WSJ ^ | August 9, 2010 | John Hilsenrath
    July's dismal jobs report poses a dangerous dilemma for the country's officials. The government has exhausted traditional measures to get the economy growing more briskly, having already cut interest rates to near zero and committed to more than $800 billion in fiscal stimulus. With conventional tools off the table, it might take a "Hail Mary" pass from policy makers to recharge the economy if an anemic recovery slows even further. Most ideas have drawbacks. Infrastructure spending, for instance, has appeal in the Obama administration, because many of the nation's roads, bridges and tunnels need updating and because so many construction...
  • Pres. Obama: 'GOP Lacks Faith in the American People'

    07/19/2010 11:54:24 AM PDT · by lbryce · 26 replies · 2+ views
    Fox Nation ^ | July 19, 2010 | Staff
    President Obama Monday called on Congress to pass an extension of benefits for out-of-work Americans, accusing Senate Republicans of a "lack of faith in the American people" for repeatedly blocking passage of a bill. After introducing three Americans whose benefits are expiring, the president complained that "after years of championing policies that turned a record surplus into a massive deficit," Republicans "who didn't have any problems spending hundreds of billions of dollars on tax breaks for the wealthiest Americans are now saying we shouldn't offer relief to middle-class Americans like Jim or Leslie or Denise who really need help." Mr....
  • DAVIDOWITZ: U.S. ECONOMY IS A COMPLETE DISASTER (Video)

    07/03/2010 10:42:59 AM PDT · by lbryce · 6 replies
    Pragmatic Capitalism ^ | July 2, 2010 | Staff
    Click on the link to See the VideoHarsh words here from Howard Davidowitz. In yesterdays interview with Tech Ticker Davidowitz said the U.S. economy was a complete disaster, Wall Street is a giant ponzi scheme, Were guaranteed a double dip in housing, and Obama is the worst President in my lifetime. Ouch About Howard DavidowitzDavidowitz & Associates is one of the most successful firms in its niche providing consulting and investment banking services to the retail industry since 1981. Our focus is on strategic management, acquisitions and divestitures, restructuring and ownership transactions. Howard Davidowitz, Chairman and sole stockholder, has extensive...
  • 2010 Lilith Tour Cancels Dates, Report Says

    06/28/2010 12:00:40 PM PDT · by a fool in paradise · 26 replies
    NY Times ^ | June 25, 2010, 10:40 am | DAVE ITZKOFF
    Two days before the resurrected Lilith tour is scheduled to begin in Calgary, Alberta, a report in The Globe and Mail newspaper of Toronto said the concert series has been canceling dates because of poor ticket sales. The Lilith tour, which spotlights female artists and whose founders include Sarah McLachlan, is preparing for its first season since 1999, with a lineup that includes Mary J. Blige, Sheryl Crow and Erykah Badu. But a manager for Norah Jones told The Globe and Mail that the dates Ms. Jones was scheduled to perform on, from Aug. 10 through Aug. 16, in cities...
  • Joe Biden: No way will we get the lost jobs back (Malaise once more)

    06/28/2010 10:20:28 AM PDT · by SeekAndFind · 16 replies · 1+ views
    Hotair ^ | 06/27/2010 | Ed Morrissey
    Before Barack Obama won the Democratic nomination in 2008, Joe Biden was widely acknowledged as the Gaffemaster of his party. And if one defines a gaffe as the accidental disclosure of an embarrassing political truth, then the Vice President managed to maintain his reputation this weekend. When addressing a fundraiser for embattled incumbent Senator Russ Feingold in Milwaukee, Biden told an audience to get used to high unemployment, because the jobs lost in the recession aren’t coming back: Vice President Joe Biden gave a stark assessment of the economy today, telling an audience of supporters, “there’s no possibility to restore...
  • Malaise

    06/26/2010 8:58:02 PM PDT · by buckrodgers · 4 replies
    finance.yahoo.com/news/ ^ | Thursday June 24, 2010, 11:15 am EDT | Jim Cramer, RealMoney Columnist , On
    I heard it five times this week, twice Tuesday in a Wall Street bar, two times during the day chatting with investors and then last night at dinner with a pal, an old pro trader from down the block. All said the same word, as if programmed, like pod people in Invasion of the Body Snatchers. The word? Malaise. All of the people who used this term were older, friends from the days of trading, wizened veterans of other terrible markets and of course, people who came of age during the Jimmy Carter years, where the unlamented president talked about...
  • Obama Claims Victory in Financial Overhaul Deal

    06/25/2010 10:16:01 AM PDT · by lbryce · 26 replies
    Yahoo News AP ^ | June 25, 2010 | JIM KUHNHENN
    House and Senate negotiators reached a dawn agreement Friday on legislation that redefines federal oversight of Wall Street and, following the signing of the health care act in March, adds another milestone to mark the Obama presidency. President Barack Obama declared victory Friday after congressional negotiators reached agreement on a sweeping overhaul of rules overseeing Wall Street. Lawmakers shook hands on the compromise legislation at 5:39 a.m. after Obama administration officials helped broker a deal that cracked the last impediment to the bill a proposal to force banks to spin off their lucrative derivatives trading business. The legislation touches...
  • In Afghanistan, doubts grow and weariness deepens

    06/23/2010 11:58:15 PM PDT · by gandalftb · 20 replies · 1+ views
    Los Angeles Times ^ | June 24, 2010 | Laura King
    For many Afghans, U.S. Army Gen. Stanley A. McChrystal's dismissal over intemperate remarks in a magazine profile has served mainly to underscore their own weariness with a conflict that has dragged on for nearly nine years with no end in sight.For some, the general's woes have sharpened fears that the Western campaign against the Taliban movement which ruled the country for five long, harsh years is floundering. And many Afghans think that the Americans, like the Soviet Union two decades ago and so many would-be conquerors, ultimately will fail.McChrystal won the respect, even affection, of many Afghans with...
  • White House Announces June 29 King Abdullah Visit to Washington

    06/21/2010 3:01:43 PM PDT · by lbryce · 24 replies · 2+ views
    The White House ^ | June 20, 2010 | Staff
    The White House Office of the Press Secretary For Immediate Release June 20, 2010 Statement by the Press Secretary on the Visit of King Abdullah of Saudi Arabia President Hussein Obama has declared the week of Jine 28-July 3, National Obsequious Butt-Kissing, Boot-Licking, Repetitive Bowing, I'm Butt-Your-Humble Slave Week in honor of Wahabi-Terrorist King Abdullah's Visit to Our Nation's CapitalThe President will welcome King Abdullah bin Abdulaziz of Saudi Arabia to the White House on June 29. The President looks forward to discussing with King Abdullah the strengthening of bilateral ties between the United States and Saudi Arabia as...
  • The Second Coming of Jimmy Carter

    06/21/2010 3:43:15 AM PDT · by lbryce · 23 replies
    Fox News ^ | June 19, 2010 | Dan Gainor
    It took Barack Obama less time to become Jimmy Carter than it took Carter. Sure, their presidencies have taken similar tracks relative Washington newcomers amidst bad economies and talk of cities defaulting on debt. Even the election of Sen. Scott Brown to take over for the late Sen. Ted Kennedy was similar to the GOP taking the seat held by the late Sen. Hubert Humphrey in 1978. That was just the opening act. Carter went down in history as man overwhelmed by the office he held. And Tuesday night, in front of the entire nation, Barack Obama sounded just...
  • The Thrill Is Gone:NYT:Obamas Relationship With America Is Growing Sour

    06/19/2010 7:59:26 AM PDT · by lbryce · 130 replies · 2,657+ views
    New York Times ^ | June 18, 2010 | Charles M. Blow
    President Obamas relationship with America, like many a young marriage, is growing sour. Thats my surmise after reviewing recent polling and watching the carping that followed his Oval Office speech (which I thought was just fine, by the way). It is becoming increasingly apparent that the magic has drained away. Even among his most ardent supporters, there now exists a certain frustration and disillusionment not necessarily in the execution of his duties, but in his inability to seize moments, chart a course and navigate the choppy waters of public opinion. Whats left for many is a big plume of...
  • Who Died And Made BP King Of The Gulf Of Mexico? (Prepare To Get Really Angry!)

    06/18/2010 9:31:10 AM PDT · by lbryce · 150 replies · 2,402+ views
    The Economic Collapse Blog ^ | June 18, 2010 | Staff
    There is one question that I would really like an answer to. Who died and made BP king of the Gulf of Mexico? In recent weeks, BP has almost seemed more interested in keeping the American people away from the oil spill than in actually cleaning it up. Journalists are being pushed around and denied access, disaster workers are being intimidated and abused and now BP has even go so far as to hire an army of private mercenaries to enforce their will along the Gulf coast. Are we suddenly living in occupied Iraq? How in the world did a...
  • Arizona Governor: Government Planning to Sue Over Immigration l\Law

    06/18/2010 3:14:46 AM PDT · by lbryce · 46 replies · 1,009+ views
    CNN ^ | June 18, 2010 | Staff
    Arizona Gov. Jan Brewer is fuming over a comment by Secretary of State Hillary Clinton to an Ecuadorean television station that the government will file a lawsuit against Arizona's new immigration law. In a statement Thursday, Brewer said she learned of plans for the lawsuit from the June 8 interview Clinton gave to NTN24. According to a transcript of the interview, Clinton said that President Barack Obama had spoken out against the law because he believes the federal government should set immigration policy. "And the Justice Department, under his direction, will be bringing a lawsuit against the act," Clinton said...