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Just saw a local Miami tv station using video from the government web site with an "interview" of Obama, where he spews some crap about how his goal is to outline for the nation how he is going to make sure things are fair, now that we have "made it through the crisis". I nearly spit my coffee out. We are not out of a crisis. My point is that these kind of videos are NOT a proper use for news....and I expect that if a REPUBLICAN president put out this type of "interview", the media would ignore it....on the...

Bigfoot Living Among the Ruins of Detroit! DETROIT (Cryptozoology News) — A family claim they saw a strange ape-like creature Thursday afternoon coming out of the window of an abandoned house on the outskirts of the desolate city. C. Brown, his wife, and their two children said they were “driving around, looking to buy a new house”, when they allegedly witnessed the unidentified beast. “The economy has been devastating here man,” Brown explained. “One day, you are living in this beautiful city with over a million and a half working people, next day all you know is all is gone…crime...

A book by a French economist who became a darling of 99 percenters and his lefty peers is riddled with errors, cherry-picked data and flawed premises, according to two new studies. Thomas Piketty's “Capital in the 21st Century,” which New York Times columnist and Nobel-prize winner Paul Krugman called “the most important economics book of the year — and maybe of the decade,” calls for an 80 percent income tax to stop wealth inequality from increasing. The book earned its author an invitation to the White House to meet with Obama administration Treasury Secretary Jack Lew. ... ... The recent...

So the Fed is hiring not just any "emergency preparedness specialist" but one familiar with DHS directives? Here are the details of the position located in Washington, DC: Position Description The Emergency Preparedness & Response Specialist is a professional in the field of emergency preparedness. This individual serves as the coordinator in the Management Division (MGT Div.) for emergency preparedness, encompassing the development, coordination, and implementation of: unified planning, disaster preparedness, response and recovery, policies and procedures, emergency preparedness and exercise program training for Board staff, and coordination with other federal departments and local agencies such as the Metropolitan Police...

A wheelbarrow of money to buy a loaf of bread. This is what Obama, with his fiscal cliff plan, threatens us with. For many years now we have heard chilling tales about that elusive, powerful and manipulative entity conspiracy theorists have called “The New World Order”. Not only have the members of this group managed for the most part to remain anonymous, but their agenda has remained mysterious and obscure. So much so that many good people have been perfectly fine with ignoring its existence or viability. Whether or not this New World Order is in lockstep with World Communism...

ANNAPOLIS, Md. — Frank Walsh still pays dues to the International Brotherhood of Electrical Workers, but more than four years have passed since his name was called at the union hall where the few available jobs are distributed. Mr. Walsh, his wife and two children live on her part-time income and a small inheritance from his mother, which is running out. Sitting in the food court at a mall near his Maryland home, he sees some of the restaurants are hiring. He says he can’t wait much longer to find a job. But he’s not ready yet. “I’d work for...

The labor force participation rate remained at a 36-year low of 62.8 percent in November, according to the Bureau of Labor Statistics. The participation rate, which is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job during the month or actively seeking one, was 62.8 percent in November which matches the percentage since March 1978. In November, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 248,844,000. Of those, 156,397,000 participated in the labor force...

There’s no easy way to say this, so I’ll just say it. We’re no longer No. 1. Today we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is no longer the leading economic power on the planet. It just happened — and almost nobody noticed. The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year...

In remarks that underscored an emerging concern about the direction of the economy, President Obama told business leaders Wednesday that, despite record corporate profits, stagnant wage growth is creating anxiety among workers. Obama [said] that the shrinking of wages and income as a share of overall GDP had caused an “undertow” of pessimism, despite the improving economy, and said giving workers a raise would benefit corporations, too. “When wages are good, and consumers feel like they’ve got money in their pockets, that ends up being good for business not bad for business,” he said. Obama appeared relaxed and at ease,...

Tyler Durden 12/01/2014 Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise, of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.(snip)

What has been the price tag for the audacious Obamanomics experiment? How much has it all cost — the bailouts, the debt, the stimulus plans, the printing of cheap money, Obamacare and all the rest? The answer to that question is just north of $10 trillion. That’s the sum of the $8.3 trillion added to the national debt since Sept. 15, 2008 (the day Lehman Brothers filed bankruptcy) for all the government spending, and the $3.5 trillion of easy money flushed into the economy by the Federal Reserve through the initial monetary expansion and three rounds of quantitative easing. If...

The Obama administration is expected to release on Wednesday a contentious and long-delayed environmental regulation to curb emissions of ozone, a smog-causing pollutant linked to asthma, heart disease and premature death. The sweeping regulation, which would aim at smog from power plants and factories across the country, particularly in the Midwest, would be the latest in a series of Environmental Protection Agency controls on air pollution that wafts from smokestacks and tailpipes. Such regulations, released under the authority of the Clean Air Act, have become a hallmark of President Obama’s administration. Environmentalists and public health advocates have praised the E.P.A....

The number of homeless children in the U.S. has surged in recent years to an all-time high, amounting to one child in every 30, according to a comprehensive state-by-state report that blames the nation’s high poverty rate, the lack of affordable housing and the impacts of pervasive domestic violence. Titled “America’s Youngest Outcasts,” the report being issued Monday by the National Center on Family Homelessness calculates that nearly 2.5 million American children were homeless at some point in 2013. The number is based on the Department of Education’s latest count of 1.3 million homeless children in public schools, supplemented by...

An Obama Administration appointee admits there have been “few net jobs created” over the past decade but thinks increased spending on education will solve the problem. At the Center for American Progress, the White House Deputy Director of the Domestic Policy Council, James Kvaal, said, “The overriding goal of his second term in office is rebuilding the strength of the middle class and after recovering from the greatest economic crisis since the Great Depression.” He claimed, “We now have an economy that is growing again; ten million new jobs have been created.” Americans now see “rising middle class standards” under...

Almost half the residents of Florida, including much of the state’s glitzy southern half, are barely getting by, living below the federal poverty level or struggling to pay for food, housing, childcare and other basic needs, according to a United Way study released Tuesday.

Securities and Exchange Commission Chairwoman Mary Jo White said the agency will be focused on implementing rules on executive compensation. “We have three or four [rules] yet to finish, including the clawbacks,” she said in an interview with CNBC at the Securities Industry and Financial Markets Association. The agency has already adopted six rules regarding executive compensation. Under the Dodd-Frank law, the SEC is required to create rules to return compensation that was improperly received, called “clawbacks,” and create a rule to prevent securities exchanges from listing securities of companies that have not implemented such a policy. White said among...

The unemployment rate no longer seems to reflect America’s mood. Friday’s strong jobs report showed that the jobless rate—the most closely watched gauge of the economy’s health—is down to 5.8 percent. A year ago, the rate was 7.2 percent. Five years ago, it was 10 percent. It’s the kind of sustained decline that would normally suggest a satisfied public. Not so much anymore. […] Many Americans don’t feel they've benefited from falling unemployment any more than they have from a sustained rise in the stock market or from solid U.S. economic growth. Some hints of their discontent can be found...

The topline of this morning’s jobs report shows nonfarm payrolls expanding by 214,000 jobs in October. It’s the sort of number that suggests a narrative of a continuing, albeit disappointing, economic recovery. But dig a little deeper and you find a much sunnier story. When read carefully, today’s report provides more evidence that the labor market is improving quite rapidly, and that the recovery has gained momentum over the past year. The old saying is that the devil is in the details. Today’s report suggests just the opposite — dig into the details, and you’ll find a much sunnier story...

Speaking to a mostly white college audience: "“This progress has been hard but it has been steady and it has been real,” Obama said at Northwestern University on Oct. 2. “And it’s the direct result of the American people’s drive and their determination and their resilience, and it’s also the result of sound decisions made by my administration. So it is indisputable that our economy is stronger today than when I took office.” Obama griped to party donors several days later that his accomplishments are a mystery even to his most loyal supporters. “Most of you don’t know the statistics...

WASHINGTON -- The number of people who applied for U.S. jobless benefits fell 23,000 to 264,000 in the week that ended Oct. 11, hitting the lowest level since April 2000, showing that employers are laying off few workers, according to government data released Thursday.