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Keyword: obamarecession

Brevity: Headers | « Text »
  • The Avoidable Destruction of an Iconic American Industry

    11/07/2015 9:14:44 AM PST · by rktman · 33 replies
    americanthinker.com ^ | 11/7/2015 | Michael J. Mueller
    As a result of China’s flooding the world market with cheap, state-subsidized aluminum and our president’s irrational aversion to fossil fuels, a 127-year-old American industry is in danger of disappearing. This week, the two largest primary aluminum producers in the United States announced curtailment of aluminum production at key smelters across the country. Alcoa announced that it was halting smelting operations at its Intalco Works (583 employees) and Wenatchee plants (428 employees) in Washington state, its Massena West plant in New York (500 employees) and that it was curtailing alumina refining capacity at its Point Comfort facility in Texas. Century...
  • Supporting a Tax Because It's a Spending Cut

    10/26/2015 10:11:36 AM PDT · by Citizen Zed · 4 replies
    National Review Online ^ | 10-25-2015 | MICHAEL R. STRAIN
    Economists Lawrence H. Summers, Treasury secretary under President Clinton and top economics adviser underPresident Obama, and N. Gregory Mankiw, CEA chair under President GeorgeW. Bush, team up this morning in an op-ed supporting Obamacares Cadillac tax... They are right to do so, as the Cadillac tax actually cuts government spending (properly understood).
  • Liberal Logic in Soaking the Rich: They believe the paychecks of the 1% belong to the government

    10/17/2015 7:50:14 PM PDT · by SeekAndFind · 29 replies
    Pajamas Media ^ | 10/17/2015 | Rick Moran
    Interesting piece in the New York Times by Patricia Cohen about how easy it would be to raise taxes on the “1%” in order to see tens of billions of additional revenue for the government.I had to read this twice to make sure it wasn’t a parody. The top 1 percent on average already pay roughly a third of their incomes to the federal government, according to a Treasury Department analysis that takes into account the entire menu of taxes — including income tax, payroll taxes that fund Medicare and Social Security, estate and gift taxes, excise and custom...
  • Donald Trump's wild claim: Unemployment is 42%

    09/28/2015 5:47:46 PM PDT · by 2ndDivisionVet · 93 replies
    CNN Money ^ | September 28, 2015 | Heather Long
    The official U.S. unemployment rate is 5.1% -- the lowest in seven years -- but Donald Trump calls that a "joke." On Monday, he claimed he'd seen numbers that show America's real unemployment rate is as high as 42%. How does he arrive at such a wild figure? Trump appears to be looking at the number of American adults not working. Period. Out of about 251 million American adults, roughly 102 million -- or 40.6% -- aren't working. But, of course, there are a lot of reasons people don't work. They could be disabled, in college, at home raising kids...
  • Strange bedfellows: Donald Trump and the white working class

    08/23/2015 9:05:46 PM PDT · by 2ndDivisionVet · 68 replies
    Reuters ^ | August 23, 2015 | Justin Gest
    Republican presidential candidate Donald Trump clearly prides himself in shunning focus-group research. He refuses big campaign donations that he asserts make his opponents beholden to special interests. He seems to target no specific constituency. Many pollsters remain puzzled by Trumps political appeal. Republican support for Donald Trump just continues to grow, said Patrick Murray, director of Monmouth Polling after its August survey, with no clear sense of who his constituency really is. Yet a constituency is emerging. Trumps strongest supporters, roughly a quarter of Republican voters across the polls, are not dissuaded by any increased media scrutiny of their candidate....
  • Donald Trump Claims The 'Real' Unemployment Rate Is 18%. Here's What Wall Street Says.

    08/06/2015 11:47:59 AM PDT · by wtd · 52 replies
    Forbes ^ | August 6, 2015 | Dan Diamond
    Donald Trump Claims The 'Real' Unemployment Rate Is 18%. Here's What Wall Street Says.After Donald Trump announced his latest bid for the presidency, I reached out to get details on Trumps plan to replace Obamacare, and posted that interview on FORBES last week. But for many FORBES readers, the most eye-catching part of the interview wasnt Trumps plan for health care. It was what the Trump campaign said about unemployment. Mr. Trump believes that the real unemployment rate is over 18%, not the reported 5.5%, a spokesperson told me. Trumps distrust of the governments job statistics isnt new. In July,...
  • Trump: Unemployment Rate As High As 40%

    09/28/2015 11:05:48 AM PDT · by TigerClaws · 80 replies
    At Trump Tower, only a few blocks away from the meeting of world leaders at the United Nations, GOP presidential frontrunner Donald Trump announced his new plan to reform the U.S. tax code. After the main announcement, he took questions from the press. On how his plan would address income inequality: TRUMP: In terms of income inequality, we're going to create a lot of jobs. You know, right now we have a false [unemployment rate] 5.4%, 5.3%, 5.6%, every month it is different. It is such a phony number. Because when people look and look and look and then they...
  • Why Raising the Minimum Wage is a Bad Idea

    09/06/2015 5:38:17 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | September 6, 2015 | John C. Goodman
    Hillary Clinton has a solution to the problem of low wages: Government should make them higher. Paul Krugman, writing in The New York Times, endorses the idea. There was a time when Krugman dismissed rhetoric like Clinton’s as economic quackery. These days he’s trying to sell the same snake oil as the politicians. As I wrote in a column at Forbes, here is what economists know about the labor market: Employees tend to get paid their marginal product – the value they add to final output. In a competitive market this is almost a truism. Wages are not a gift....
  • Oils Down, Gasoline Isnt Whats Up With That?

    A little more than a year ago, oil prices were above $100 a barrel. The national average for gasoline was in the $3.50 range. In late spring, oil was $60-ish and the national average for gas was around $2.70. The price of a barrel of oil has plunged to $40 and belowyet, prices at the pump are just slightly less than they were when oil was almost double what it is today. Oil and gasoline prices usually travel up or down in sync. But a few weeks ago the trend lines crossed and oil continued the sharp decline while gasoline...
  • Obama will leave his party in its worst shape since the Great Depressioneven if Hillary wins.

    08/21/2015 12:51:44 PM PDT · by SeekAndFind · 22 replies
    Politico ^ | 08/21/2015 | Jeff Greenfield
    As historians begin to assess Obamas record as president, theres at least one legacy hell leave that will indeed be historicbut not in the way he would have hoped. Even as Democrats look favorably ahead to the presidential landscape of 2016, the strength in the Electoral College belies huge losses across much of the country. In fact, no president in modern times has presided over so disastrous a stretch for his party, at almost every level of politics. Legacies are often tough to measure. If you want to see just how tricky they can be, consider the campaign to get...
  • Column: Mr. President, on behalf of an ungrateful nation, thank you

    07/20/2015 6:15:52 PM PDT · by 2ndDivisionVet · 84 replies
    The Lincoln Journal-Star ^ | July 20, 2015 | Dick Meyer, chief Washington correspondent for Scripps Washington Bureau & DecodeDC
    Ive never written a column like this. Readers rarely believe it, but I am not on any political team. Generosity toward the high and mighty isnt among my few virtues. But this needs to be said: Americans are lucky to have Barack Obama as president and we should wake up and appreciate it while we can. President Obama will go down in history as an extraordinary president, probably a great one. He will have done this in an era that doesnt aggrandize leaders and presidents, but shrinks them. All presidents have had profound opposition, vicious enemies and colossal failures. A...
  • Hysterical: Liberals sign petition promoting 'white privilege tax' on white people

    07/20/2015 8:09:42 AM PDT · by rktman · 39 replies
    americanthinker.com ^ | 7/20/2015 | Rick Moran
    Mike Dice, the merry trickster whose videos expose liberal stupidity, picked a great subject for his latest: white privilege. Specifically, Dice asked people to sign a petition that would impose a 1% "white privilege" tax on all white people. The resulting hilarity is worth watching.
  • High rate of poverty bites California

    07/19/2015 12:00:07 PM PDT · by artichokegrower · 14 replies
    Sacramento Bee ^ | July 18, 2015 | Dan Walters
    When the Census Bureau began calculating poverty a half-century ago as a war on poverty became a hot issue in Washington it devised a rather simple formula. The formula defined income that would be counted excluding non-cash income such as food stamps and housing subsidies and applied it to a narrow market basket of food and other living necessities. All the data were nationwide, with no adjustments for regional or local differentials. By the official poverty index, California doesnt fare too badly, with 17 percent of its residents impoverished, a bit above the national rate of...
  • McDonalds outlook bleak in face of minimum wage hikes

    07/19/2015 11:34:26 AM PDT · by SeekAndFind · 58 replies
    Hotair ^ | 07/19/2015 | Jazz Shaw
    The Golden Arches are looking a little less shiny this year and McDonald’s franchise owners see hard times coming. This time it has nothing to do with the raging national debate over whether or not the McRib is awesome or awful, however. The vast majority of their fast food outlets are not owned by the corporation, but by franchise operators. Those entrepreneurs are regularly polled about their outlook for the coming year and most of them aren’t putting on their happy faces. (From CNBC) Just when you thought it couldn’t get much worse for McDonald’s, it did.The six-month outlook...
  • Federal Reserve blames immigrant kids for robbing jobs from 'native' U.S. teens

    07/19/2015 7:54:58 AM PDT · by GoneSalt · 38 replies
    Washington Examiner ^ | July 16, 2015 | Paul Bedard
    American teen employment has dropped 20 percent from the late 1980s, in part because more and more immigrants have flooded into the market to displace native-born kids from jobs in percentages far higher than on adults, according to the Federal Reserve. "The displacement effect of immigration on the employment of younger persons is much larger than on the employment of prime-age adults," said the September 2014 report, "Labor Force Participation: Recent Developments and Future Prospects."
  • Barack Obamas Net Worth Has Risen 438% Since Running for President

    07/08/2015 6:42:57 AM PDT · by SoFloFreeper · 35 replies
    IJ Review ^ | 5/13/14 | Justen Charters
    According to financial disclosure reports, President Obama has an estimated net worth of $7 million dollars. Since he was worth $1.3 million in 2007, that makes the millionaire 438% more wealthy than when he first ran for office... While the average US citizen has a median income of roughly $51,000, Obama rakes in the cash with an annual presidential salary of $400,000. In addition, he receives money from book royalties and other investments. Hypocrisy isnt a stranger to the liberal elite. Michael Moores fifty million dollar fortune came from creating documentaries that makes free enterprise look like the same as...
  • Major Job Cuts Expected at Microsoft [Obamanomics is Awesome, Ain't it Tech Worshipers?]

    07/08/2015 6:39:51 AM PDT · by SoFloFreeper · 12 replies
    NY Times ^ | 7/8/15 | Nick Wingfield
    SEATTLE Microsoft plans to announce a major new round of layoffs as early as Wednesday, as the company seeks to further cut costs in a shifting technology landscape. The layoffs are in addition to the about 18,000 employees that Microsoft said it planned to let go a year ago, according to people briefed on the plans, who asked for anonymity because the details were confidential. The new job cuts are expected to affect people in Microsofts hardware group, among other parts of the company, including the struggling smartphone business that it acquired from Nokia last year in a $7.2...
  • Microsoft Says It Plans to Cut 7,800 Jobs

    07/08/2015 8:09:19 AM PDT · by Wilderness Conservative · 18 replies
    The Blaze ^ | 7/8/15
    NEW YORK (AP) Microsoft will cut 7,800 jobs and take a $7.6 billion impairment charge as it attempts to revive its flagging phone hardware business. The company paid $7.3 billion for Nokias phone business in April 2014, seeking to push rapidly into the smartphone sphere as its traditional software business slowed. Microsoft ultimately wanted to build an ecosystem that made customers that are loyal to a slew of products, much as Apple and Google have done so successfully.
  • Political correctness 101: Praising America, virtues of hard work dubbed micro-aggression on

    07/02/2015 10:21:12 PM PDT · by Olog-hai · 11 replies
    Fox News ^ | July 02, 2015 | Kyle Rothenberg
    Simply asking someone Where are you from? or calling America "the land of opportunity is now considered offensive at some colleges and universities, where such micro-aggressions are detailed in training programs and seminars for new faculty and staff. Other examples of offensive statements include, I believe the most qualified person should get the job, Affirmative action is racist, Everyone can succeed in this society, if they work hard enough, When I look at you, I dont see color, and I dont believe in race. A full list of these offensive statements can be seen here. The newly forbidden terms were...
  • 2 Steps Forward, 1 Step Back For Jobs As Fed Watches [Labor Participation Hits 38-year Low]

    07/03/2015 4:40:06 AM PDT · by expat_panama · 35 replies
    Investors Busniness Daily ^ | 07/02/2015 | ANDREA RIQUIER,
    Job gains stayed healthy in June and the unemployment rate hit a seven-year low, but workforce participation skidded and wage growth remained anemic, muddling views of the labor market for a central bank seeking clarity. Employers added 223,000 jobs, the Labor Department said Thursday, about as many as economists had forecast, and the jobless rate fell to 5.3% from 5.5%. The number of people working part-time because they can't find full-time work fell, as did the number of long-term unemployed. But 432,000 people left the workforce, and the labor force participation rate fell to 62.6%, the lowest since 1977. Wage...
  • Record 93,626,000 Americans Not in Labor Force; Participation Rate Declines to 62.6%

    07/03/2015 5:50:41 AM PDT · by TurboZamboni · 21 replies
    CNS ^ | 7-2-15 | Ali Meyer
    CNSNews.com) - A record 93,626,000 Americans 16 or older did not participate in the nations labor force in June, as the labor force participation rate dropped to 62.6 percent, a 38-year low, according to the Bureau of Labor Statistics. In June, according to BLS, the nations civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, hit 250,663,000. Of those, 157,037,000 participated in the labor force by either holding a job or actively seeking one. The 157,037,000 who participated in the labor force equaled only 62.6 percent of the 250,663,000 civilian...
  • 56,085,000 Women Not in Labor Force; Participation Rate Declines to 56.7%

    07/02/2015 8:20:27 PM PDT · by Olog-hai · 13 replies
    Cybercast News Service ^ | July 2, 2015 | 9:17 AM EDT | Ali Meyer
    There were 56,085,000 women 16 or older who did not participate in the nations labor force in June, as the labor force participation rate dropped to 56.7 percent, according to the Bureau of Labor Statistics. This means that 56,085,000 women did not have a job or actively seek one in the past four weeks. The civilian labor force, which consists of all people in the civilian noninstitutional population who either had a job during the month or actively sought a job declined in June to 73,547,000 from the 73,577,000 in the labor force in May.
  • Why Black Women Still Have Not Recovered From the Recession

    07/01/2015 11:33:18 AM PDT · by Citizen Zed · 47 replies
    National Journal ^ | 7-1-2015 | J. WESTON PHIPPEN
    For Black women, education makes the least difference in earning potential, among other factors. Angie Stackhouse worked as a pharmacist, a loan officer, as a volunteer at homeless organizations and mostly as an electrician in Maryland, making $12.50 an hour. She's worked since she was 14. When the recession took her career seven years ago, she knew she'd find another one. Except, the only work available paid minimum wage. At 47-years-old, in 2010, Stackhouse enrolled in school to reinvent herself. "I'll definitely get a job," she recalls thinking, "because I'll have a degree." That was around the time President Obama...
  • The Economic Illiteracy Of Obama's Overtime Rule

    06/30/2015 4:27:43 PM PDT · by IBD editorial writer · 7 replies
    Investor's Business Daily ^ | 06/30/2015 | Staff
    Regulations: With the flick of his magic pen, President Obama will soon grant millions of workers overtime play. At least, that's the fantasy being peddled by the White House and regurgitated by a credulous press.
  • Black Chamber of Commerce: EPA Clean Air Plan Will Increase Black Poverty 23%

    06/28/2015 5:39:44 PM PDT · by dontreadthis · 15 replies
    cnsnews ^ | June 24, 2015 | Ali Meyer
    FULL TITLE: Black Chamber of Commerce: EPA Clean Air Plan Will Increase Black Poverty 23%, Strip 7,000,000 Black Jobs (CNSNews.com) - A study commissioned by the National Black Chamber of Commerce, which represents 2.1 million black-owned businesses in the United States, found that the Environmental Protection Agencys (EPA) Clean Power Plan would increase black poverty by 23 percent and cause the loss of 7 million jobs for black Americans by 2035. The study also found that the EPA' plan would increase Hispanic poverty by 26 percent and cause the loss of 12 million jobs for Hispanic Americans by 2035. The...
  • Black Chamber of Commerce: EPA Clean Air Plan Will Increase Black Poverty 23%, Strip .. Black Jobs

    06/24/2015 9:55:43 AM PDT · by george76 · 50 replies
    CNS News ^ | June 24, 2015 | Ali Meyer
    A study commissioned by the National Black Chamber of Commerce, which represents 2.1 million black-owned businesses in the United States, found that the Environmental Protection Agencys (EPA) Clean Power Plan would increase black poverty by 23 percent and cause the loss of 7 million jobs for black Americans by 2035. The study also found that the EPA' plan would increase Hispanic poverty by 26 percent and cause the loss of 12 million jobs for Hispanic Americans by 2035. The EPA proposed the Clean Power Plan on June 2, 2014 to cut carbon emissions from power plants. ... There was a...
  • Obama: My top priority is always the economy

    06/13/2015 8:05:14 AM PDT · by PROCON · 35 replies
    investors.com ^ | June 13, 2015 | ANDREW MALCOLM
    President Obama's weekly remarks Hi, everybody. My top priority as President is to grow the economy and help more hardworking Americans get ahead. And after the worst economic crisis in our lifetimes, our businesses have now created 12.6 million new jobs over the past 63 months.
  • Phony "Jobs Boom"

    06/12/2015 2:57:50 PM PDT · by Kaslin · 9 replies
    Townhall.com ^ | June 12, 2015 | Donald Lambro
    WASHINGTON - All of the euphoric stories you've read lately about the surging job market should include one of these cautionary notes: This report omits all negative data, or "read down to the very bottom where we've buried the bad stuff." Consider the Washington Post's front page headline last week that gushingly characterized the Labor Department's minimal monthly employment numbers as a "jobs boom." The Bureau of Labor Statistics says that the economy produced 280,000 new jobs in May. But this isn't anywhere near a hiring boom, especially in a country of nearly 160 million workers, many of whom still...
  • America has the most job openings in 15 years

    06/09/2015 11:48:10 AM PDT · by Citizen Zed · 55 replies
    cnn money ^ | 6-9-2015
    American businesses have a lot of "we're hiring" signs up. There were 5.4 million job openings in the U.S. in April -- the highest number of openings in 15 years. It is a record high since the Bureau of Labor Statistics began tracking monthly job openings in December 2000. The surge in job openings this spring was even better than expected, according Peter Boockvar, chief market analyst at the Lindsey Group. It's another sign that the economy appears to be rebounding and the winter slowdown was just a blip. Who's hiring? Over the past year, health care, business services and...
  • What's swelling the ranks of involuntary part-timers

    06/09/2015 10:56:04 AM PDT · by AT7Saluki · 19 replies
    cBS Moneywatch ^ | 6/9/15 | Mark Thomas
    During the Great Recession, involuntary part-time employment surged. So, now that the economy is recovering, shouldn't involuntary employment return to prerecession levels? Perhaps not, according to new research from the San Francisco Fed. Changes in the U.S. economy's industrial composition toward services combined with shifting demographics and changes in labor costs appear to have caused a permanent increase in the percentage of people forced to accept involuntary part-time employment.
  • Outflanking Democrats on College Costs

    06/05/2015 1:23:06 PM PDT · by Kaslin · 8 replies
    Townhall.com ^ | June 5, 2015 | Mona Charen
    Many political debates in the upcoming presidential race will play out this way: The Democrat will offer "X for all," and the Republican will respond, "Do you have any idea how much that's going to cost?" That's the way nearly all political debates are engaged -- usually to the disadvantage of Republicans (and the public fisc). That's why I wished, while attending a panel on higher education reform sponsored jointly by the Ethics and Public Policy Center and The Bradley Foundation, that every Republican candidate in America had been listening. The Democrats have a tried-and-true formula (which is actually false,...
  • Payroll Stats Become Even More Implausible: The Job Numbers Literally Do Not Add Up

    06/05/2015 1:23:53 PM PDT · by SeekAndFind · 18 replies
    Alhambra Investment Partners ^ | 06/05/2015 | Jeff Snider
    Payroll Stats Become Even More ImplausibleSince Q1 GDP was revised lower by almost 1% that meant estimates of productivity were going to be even more out of alignment than they were at the first release. Of course, in a less massaged environment productivity might have preserved some sense if there was less rigidity from the BLS on the employment side. In other words, when output estimates were reduced (and they were, by more than GDP) it would make sense that everything would be revised downward in a more cohesive process. Instead, output was reduced significantly, by 1.4%, while total hours...
  • Where The May, 2015 Jobs Were: Teachers, Waiters, Retail, And Temp Help

    06/05/2015 1:18:23 PM PDT · by SeekAndFind · 5 replies
    Zero Hedge ^ | 06/05/2015 | Tyler Durden
    One of the defining features of jobs "recovery" and the main reason why wage growth has been so far below the Fed's expectations for years it has prevented wage inflation from appearing despite years of QE, is that the quality of jobs added month after month has disappointing. May was no difference.Yes, the headline print of 280K job additions was great, but a quick look at how the BLS got there shows that nothing has changed because four of the five main job additions were, as usual for the lowest paid jobs. Here is the breakdown: Education and Health...
  • David Brooks: 'Obama Has Run An Amazingly Scandal-Free Administration' [mentions my blog]

    05/31/2015 4:47:12 PM PDT · by grundle · 52 replies
    Newsbusters ^ | May 31, 2015 | Tom Blumer
    <p>Despite 6-1/2 years of horrid governance and dozens of acknowledged scandals, several of which a few of the credible remaining outposts of liberal thought have actually agreed are scandals, David Brooks, the New York Times's resident fake conservative, asserted on Friday's PBS NewsHour, as if it's an indisputable fact, that "President Obama has run an amazingly scandal-free administration, not only he himself, but the people around him."</p>
  • Wall Street Costs The Economy 2% Of GDP Each Year

    05/31/2015 9:26:06 AM PDT · by dila813 · 59 replies
    Forbes ^ | 31-MAY-2015 | Steve Denning
    Wall Street is back, says the New York Times, and the economic cost is high. The excessive financialization of the US economy reduces the GDP by 2% every year, according to a new study by International Monetary Fund. Thats a massive drag on the economysome $320 billion per year. Wall Street has thus become, not just a moral problem with rampant illegality and outlandish compensation of executives and traders: Wall Street is a macro-economic problem of the first order.
  • ISIS rises, the economy falters, and Obamas legacy falls apart

    05/24/2015 8:36:44 AM PDT · by Libloather · 28 replies
    NY Post ^ | 5/23/15 | John Podhoretz
    Deep into the seventh year of his tenure, Barack Obama is thinking about his post-presidential legacy. We know this because hes telling us so. In an interview this week with The Atlantic about the potential deal with Iran regarding its nuclear program, the president sought to use the fact of his relative youth and his consciousness about how history might judge him to his advantage: Look, 20 years from now, Im still going to be around, God willing. If Iran has a nuclear weapon, its my name on this. I think its fair to say that in addition to our...
  • U.S. retail gasoline prices lowest since 2009 heading into Memorial Day weekend

    05/22/2015 5:07:46 AM PDT · by thackney · 12 replies
    Energy Information Administration ^ | MAY 22, 2015 | Energy Information Administration
    On May 18, the U.S. average retail price for gasoline was $2.74 per gallon ($/gal), or 92 per gallon (/gal) lower than at the same time last year. This is the lowest average price heading into the Memorial Day weekendthe traditional start of the summer driving seasonsince 2009. Lower gasoline prices reflect lower crude oil prices, with the spot price of North Sea Brent crude oil at more than $45 per barrel ($/b) lower than the same time last year, despite having increased more than $10/b since the beginning of February. Average retail prices for all regions of the country...
  • 40 percent of unemployed have quit looking for jobs

    05/20/2015 9:30:24 PM PDT · by Red in Blue PA · 36 replies
    At a time when 8.5 million Americans still don't have jobs, some 40 percent have given up even looking. The revelation, contained in a new survey Wednesday showing how much work needs to be done yet in the U.S. labor market, comes as the labor force participation rate remains mired near 37-year lows. A tight jobs market, the skills gap between what employers want and what prospective employees have to offer, and a benefits program that, while curtailed from its recession level, still remains obliging have combined to keep workers on the sidelines, according to a Harris poll of 1,553...
  • Hillary;"Grateful" For Obama's Work on Economy, But "Deck Still In Favor Of Those At The Top"

    05/19/2015 4:02:11 AM PDT · by lbryce · 14 replies
    Real Clear Politics ^ | May 18, 2015 | Ian Schwartz
    Original Title; Hillary Clinton: "Grateful" For Obama's Work on Economy, But "Deck Is Still Stacked In Favor Of Those At The Top"On Monday, Democratic presidential candidate Hillary Clinton spoke to a small group of Iowans at a "house party" event in Mason City. In this part of her speech Clinton talked about domestic issues such as the economy and the Affordable Care Act (ACA). The video is from a livestream captured by Bloomberg's Jennifer Epstein on Periscope. Clinton praised Obama for the "hard work" he's done on the economy, but lamented the "deck is still stacked in favor of those...
  • 7,231,000 Lost Jobs: Manufacturing Employment Down 37% From 1979 Peak

    05/13/2015 6:43:50 AM PDT · by xzins · 40 replies
    CNS ^ | May 12, 2015 | Terence P. Jeffrey
    The number of jobs in manufacturing has declined by 7,231,000--or 37 percent--since employment in manufacturing peaked in the United States in 1979, according to data published by the Bureau of Labor Statistics. The real median household income of Americans who have completed high school--but have not attained a higher degree--also peaked in the 1970s and has declined since then. In fact, according to the Census Bureau (Tables H-13 and H-14), the real median household income of an American householder who has completed four years of high school peaked in 1973 at $56,395 in constant 2013 dollars. By 2013, it was...
  • Major U.S. Retailers Are Closing More Than 6,000 Stores

    05/03/2015 4:02:11 PM PDT · by dennisw · 144 replies
    zerohedge ^ | 05/02/2015 | Michael Snyder
    Submitted by Michael Snyder via The Economic Collapse blog, If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The retail apocalypse that I have written about so frequently appears to be accelerating. As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable. So if this is happening already, what are things going to look like once the next recession strikes? For a long time, I have been pointing to 2015 as a...
  • Marco Rubio Vows Never to Raise Taxes as President

    04/29/2015 12:09:01 PM PDT · by entropy12 · 41 replies
    Yahoo Finance ^ | 04/29/15 | Sahil Kapur
    Rubio follows fellow Republican nomination aspirants Senator Ted Cruz of Texas and Senator Rand Paul of Kentucky, both of whom signed the pledge last week. His move could put fellow Floridian mentor-turned-rival Jeb Bush in a difficult position in the brewing 2016 presidential contest.
  • US Economy Grinds To A Halt, Again: Q1 GDP Tumbles Below Expectations, Rises Paltry 0.2%

    04/29/2015 10:02:50 AM PDT · by tcrlaf · 13 replies
    Zerohedge ^ | 4-29-2015 | Durden
    And so the Atlanta Fed, whose "shocking" Q1 GDP prediction Zero Hedge first laid out nearly 2 months ago, with its Q1 GDP 0.1% forecast was spot on. Moments ago the BEA reported that Q1 GDP was far worse than almost everyone had expected, and tumbled from a 2.2% annualized growth rate at the end of 2014 to just 0.2%, in a rerun of last year when it too "snowed" in the winter. This was well below the Wall Street consensus of a print above 1.0%. n other words, in the quarter in which the S&P rose to unseen highs,...
  • You dumb racist conservatives are dumb. And racist.

    01/27/2012 12:47:56 PM PST · by 2ndDivisionVet · 14 replies
    Hot Air ^ | January 27, 2012 | Jazz Shaw
    I first caught wind of this story from our good friend Fausta, and it seems like a suitably silly note to help wrap up an already strange and unusual week. Weve got a brand spanking new, rootin tootin study, fresh off the press from a distinguished group of scientists. (And I can tell they were scientists because I checked, and most of them were wearing white lab coats.) In it, we find what we already suspected about the party that hates science, clings to their guns and their God, and disapproves of Barack Obama not because of his damaging policies,...
  • CNN: Obama speech too complex for his target audience because of its high reading level

    06/17/2010 6:08:14 AM PDT · by wrrock · 62 replies · 1,144+ views
    cnn ^ | 6/17/2010 | cnn
    Tuesday night's speech from the Oval Office of the White House was written to a 9.8 grade level, said Paul J.J. Payack, president of Global Language Monitor. The Austin, Texas-based company analyzes and catalogues trends in word usage and word choice and their impact on culture.... Obama's nearly 10th-grade-level rating was the highest of any of his major speeches and well above the Grade 7.4 of his 2008 "Yes, we can" victory speech, which many consider his best effort, Payack said.
  • A Very Long List of All The Things Obama Compared Republicans to Today

    10/08/2013 5:08:22 PM PDT · by Libloather · 29 replies
    Slate ^ | 10/08/13 | Josh Voorhees
    **SNIP** Homeowners Irrationally Choosing to Be Deadbeats: "And so when I read people saying, now, this wouldn't be a big deal; we should test it out; let's take default out for a spin and see how it rides -- and I -- I -- I say, imagine, in your private life, if you decided that I'm not going to pay my mortgage for a month or two. First of all, you're not paying money by not paying your mortgage. You're just a deadbeat. And you can anticipate that will hurt your credit, which means that in addition to the debt...
  • Here Are The New Taxes You're Going To Pay To Pay For Obamacare...

    07/03/2012 1:50:08 PM PDT · by 2ndDivisionVet · 27 replies
    Business Insider ^ | July 2, 2012 | Henry Blodget
    Well, Obamacare is now official, which means that a lot more people in the United States will have health insurance. And it also means a lot more people will be paying more taxes. (You didn't think Obamacare was free, did you?) Here are some of the new taxes you're going to have to pay to pay for Obamacare: A 3.8% surtax on "investment income" when your adjusted gross income is more than $200,000 ($250,000 for joint-filers). What is "investment income?" Dividends, interest, rent, capital gains, annuities, house sales, partnerships, etc. Taxes on dividends will rise from 15% to 18.8%--if Congress...
  • IRS: Obamacare Cheapest Plan $20,000 Per Family in 2016

    (CNSNews.com) In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. The IRS's assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan. The examples...
  • Obama Girl is not as excited about 2012, wont endorse Obama

    06/09/2012 9:47:58 PM PDT · by pistolpackinpapa · 71 replies
    The Daily Caller ^ | June 8, 2012 | Zach Gorelick
    Amber Lee Ettinger, widely known as Obama Girl during the 2008 presidential campaign, told The Daily Caller she is not as excited as I was the last time, thats for sure. The model-actress became a nationally known celebrity after starring in the viral YouTube video Crush on Obama. Barack Obama was definitely the first Internet President, she said, describing her experiences during the last cycle as quite a roller coaster ride. This time, however, Ettinger wont say if she still supports Obama. At this point Im keeping that to myself, she told The DC. If Im not making videos, Im...
  • ObamaCare Tax Penalties to Affect Millions Illegal Aliens Exempted

    02/05/2015 4:52:41 AM PST · by HomerBohn · 8 replies
    The New American ^ | 2/4/2015 | Kurt Hyde
    An estimated three to six million taxpayers will get a nasty surprise when they fill out their federal income returns this year. They will be subject to the ObamaCare tax penalty, or as it is expressed in governmentese, a shared responsibility payment. Just calculating ones shared responsibility payment can be quite a chore. There is an online worksheet posted here. It is remarkable that ObamaCare, a bill that was promoted by former Speaker of the House Nancy Pelosi as one that should be passed so that people could learn what's in it, would have a tax penalty that would require...