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Keyword: obamataxhikes

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  • Brits Wanting To Leave the EU Spikes After Obama Tried To Convince Them To Stay In It(T)

    04/29/2016 7:28:58 AM PDT · by rktman · 44 replies
    townhall.com ^ | 4/28/2016 | Matt Vespa
    Opponents of Britain's European Union membership have edged into the lead over the past two weeks, according to a YouGov poll which indicated President Barack Obama's intervention failed to swing support behind "In" vote in a June 23 referendum. The online survey for The Times taken on April 25-26 showed support for the Out campaign had risen 3 percentage points to 42 percent since a similar survey on April 12-14, while support for the "In" campaign had risen 1 percentage point to 41 percent.
  • Obama Admits Couldn't "Convince Americans Of Recovery", Bashes 'The Big Short' (book, movie)

    04/29/2016 11:21:18 AM PDT · by Lorianne · 21 replies
    Zero Hedge ^ | 28 April 2016 | Tyler Durden
    Despite his proclamation that he "saved the world from a Great Depression," the fact is that Obama will be the first President ever to not see a single year of 3% GDP growth - but only cynical fiction-peddlers would mention facts at a time like this. In yet more legacy-defending narrative, Obama told The NYTimes today that his biggest failure was being unable to sell his success in putting the American economy back on track to the American people (no matter the actual realities) careful to blame Republicans for slowing growth "by a percentage point or two." And then in...
  • Obama Admits Couldn't "Convince Americans Of 'Recovery'", Bashes 'The Big Short'

    04/28/2016 1:24:21 PM PDT · by Nachum · 47 replies
    Zero Hedge ^ | 4/28/16
    Despite his proclamation that he "saved the world from a Great Depression," the fact is that Obama will be the first President ever to not see a single year of 3% GDP growth - but only cynical fiction-peddlers would mention facts at a time like this. In yet more legacy-defending narrative, Obama told The NYTimes today that his biggest failure was being unable to sell his success in putting the American economy back on track to the American people (no matter the actual realities) careful to blame Republicans for slowing growth "by a percentage point or two." And then in...
  • Donald Trump's Unusual Plan to Lower the National Debt: Sell Off 19 Trillion In Government Assets

    04/03/2016 2:28:33 PM PDT · by drewh · 524 replies
    NBC News ^ | 4 hours ago | by ANNE THOMPSON and CHRISTINA COLEBURN
    As president, Donald Trump would sell off $16 trillion worth of U.S. government assets in order to fulfill his pledge to eliminate the national debt in eight years, senior adviser with the campaign Barry Bennett said. "The United States government owns more real estate than anybody else, more land than anybody else, more energy than anybody else," Bennett told Chris Jansing Sunday on MSNBC. "We can get rid of government buildings we're not using, we can extract the energy from government lands, we can do all kinds of things to extract value from the assets that we hold." In a...
  • Trump predicts a ‘massive recession’ but intends to eliminate the national debt in 8 years

    04/02/2016 4:22:32 PM PDT · by Hojczyk · 148 replies
    The Washington Post ^ | April 02, 2016 | Bob Woodward and Robert Costa
    Donald Trump said in an interview that economic conditions are so perilous that the country is headed for a “very massive recession” and that “it’s a terrible time right now” to invest in the stock market, embracing a distinctly gloomy view of the economy that counters mainstream economic forecasts. The New York billionaire dismissed concern that his comments — which are exceedingly unusual, if not unprecedented, for a major party front-runner — could potentially affect financial markets. Over the course of the discussion, the candidate made clear that he would govern in the same nontraditional way that he has campaigned,...
  • In a revealing interview, Trump predicts a ‘massive recession’ .......

    04/02/2016 6:51:22 PM PDT · by yoe · 51 replies
    The Washington Post ^ | April 2, 2016 | Bob Woodward and Robert Costa
    Donald Trump said in an interview that economic conditions are so perilous that the country is headed for a “very massive recession” and that “it’s a terrible time right now” to invest in the stock market, embracing a distinctly gloomy view of the economy that counters mainstream economic forecasts. The New York billionaire dismissed concern that his comments — which are exceedingly unusual, if not unprecedented, for a major party front-runner — could potentially affect financial markets.
  • Trump’s Nonsensical Claim He Can Eliminate $19 Trillion In Debt In Eight Years

    04/03/2016 11:22:01 AM PDT · by Steelfish · 196 replies
    Washington Post ^ | April 02, 2016 | Glenn Kessler
    Fact Checker Trump’s Nonsensical Claim He Can Eliminate $19 Trillion In Debt In Eight Years Donald Trump, in an interview with Bob Woodward and Robert Costa In a revealing interview, Trump predicts a ‘massive recession’ but intends to eliminate the national debt in 8 years By Glenn Kessler April 2 The Washington Post's Bob Woodward and Robert Costa sat down with Republican presidential candidate Donald Trump. Here's how the interview went. Donald Trump: “We’ve got to get rid of the $19 trillion in debt.” Bob Woodward: “How long would that take?” Trump: “I think I could do it fairly quickly,...
  • The bizarre optimism in Donald Trump’s theory of the economy

    04/02/2016 11:24:31 PM PDT · by Innovative · 15 replies
    Washington Post ^ | Apr 2, 2016 | Jim Tankersley
    "I think we’re sitting on an economic bubble. A financial bubble... We’re not at 5 percent unemployment. We’re at a number that’s probably into the 20s if you look at the real number. That was a number that was devised, statistically devised to make politicians – and in particular presidents – look good. And I wouldn’t be getting the kind of massive crowds that I’m getting if the number was a real number." "I’m talking about a bubble where you go into a very massive recession. Hopefully not worse than that, but a very massive recession. Look, we have money...
  • Calif. to raise minimum wage to $15: reports

    03/26/2016 9:51:02 PM PDT · by 2ndDivisionVet · 44 replies
    The Hill's Briefing Room ^ | March 26, 2016 | Evelyn Rupert
    California lawmakers and union leaders have reached a tentative deal to raise the state minimum wage to $15 an hour over the next several years, the Los Angeles Times reports. Gov. Jerry Brown (D) is expected to make the formal announcement as early as Monday. According to the L.A. Times, the minimum wage will jump from $10 to $10.50 an hour in 2017 and will increase by $1 every year after that until reaching $15 an hour in 2022. Business with fewer than 25 employees will have an extra year to comply. "The governor and stakeholders have all been negotiating...
  • 2008 Recession Causes?

    03/19/2016 3:58:59 PM PDT · by TangibleDisgust · 42 replies
    03/19/2016 | Myself
    I have always known in my gut that the 2008 recession was deliberately caused by the democRATS as an election year strategy. They learned in 1992 that a bad economy was enough to get a democRAT elected to replace a republican incumbent. In 2006, the democRATS took control of Congress and began to put this strategy into action. However, a quick look into the history of the 2 bills I had previously suspected to be the root cause (Sarbanes/Oxley and Frank/Dodd) shows that one was passed in 2002 and the other in 2010, so neither one of those directly precipitated...
  • How Democrats abandoned the working class and spurred rise of Donald Trump

    03/13/2016 2:25:16 PM PDT · by 2ndDivisionVet · 15 replies
    The New York Post ^ | March 12, 2016 | Kyle Smith
    Inequality has risen. Jobs are going overseas. The more the stock market rises, the more the working class feels crushed by globalization. And all of this has occurred exactly as Democrats have engineered it. Stuff happens, they say. The truth hurts. Take it from Larry Summers, once one of President Obama's leading economic advisers: "One of the challenges in our society is that the truth is kind of an equalizer," Summers reportedly said in a candid moment in 2009. "One of the reasons that inequality has probably gone up in our society is that people are being treated closer to...
  • Buffett Rails Against Presidential Candidates Who Talk Down Economy

    02/27/2016 1:19:00 PM PST · by Hojczyk · 24 replies
    OANN ^ | February 27,2016 | Jennifer Ablan and Jonathan Stempel
    Warren Buffett bemoaned the “negative drumbeat” on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc shareholder letter on Saturday, saying they are misleading Americans into believing their children will be worse off than they are. “It’s an election year, and candidates can’t stop speaking about our country’s problems (which, of course, only they can solve),” Buffett wrote, italicizing “they” for emphasis. As a result of their dour outlook on the U.S. economy, many Americans now believe that their children will not live as prosperously as they themselves do, the 85-year-old Buffett said. “That view is dead...
  • 21 New Numbers That Show That The Global Economy Is Absolutely Imploding

    02/21/2016 11:36:51 AM PST · by SeekAndFind · 18 replies
    TEC ^ | 02/21 | Michael Snyder
    After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment. But that does not mean that the crisis is over. On the contrary, all of the hard economic numbers that are coming in from around the world tell us that the global economy is coming apart at the seams. This is especially true when you look at global trade numbers. The amount of stuff that is being bought, sold and shipped around the planet is falling...
  • The Recession Isn’t a Few Months Away ... It's Already Started

    02/21/2016 11:29:14 AM PST · by SeekAndFind · 35 replies
    Economy and Markets Daily ^ | 02/21/2016 | Harry Dent
    So the S&P 500 is out of correction for now and the coast is clear. NOT! This is exactly what we've been predicting would happen – after reaching new lows, stocks would have to bounce before they inevitably resume their longer-term trend, which is down. But stocks haven't been the only victims of late. Just a couple weeks ago the January nonfarm payroll report came in at 151,000 jobs. So much for the expected 190,000! And of the ones reported, they were mostly low-wage jobs. Pile that on top of the disappointing Christmas and retail sales in December. Not to...
  • First Obama Phones, Now Obama Loans

    02/16/2016 3:26:47 PM PST · by Kaslin · 30 replies
    Townhall.com ^ | February 16, 2016 | Brian McNicoll
    Remember Obama phones? Now it's Obama loans. The Obama administration is trying to muscle in on the small-dollar loan market, in part by muscling out the online lending industry. It is ordering banks to go against the advice of their regulators and step up small-dollar lending to economically disadvantaged customers. It's toying with the idea of offering banking services, including consumer loans, through the Postal Service. And this week we learned the Treasury Department is asking for $10 million to provide small loans to people with questionable credit through community development organizations. It's ACORN going into the payday loan business....
  • Tempers flare at IRS hearing

    02/12/2016 4:25:58 AM PST · by HomerBohn · 18 replies
    The Hill ^ | 2/11/2016 | Naomi Jagoda
    A heated argument erupted Thursday at a hearing on the IRS, with Democrats and Republicans trading charges about the work of the Oversight Committee. Two Democrats on the panel accused their GOP colleagues of repeatedly holding hearings on the IRS for political reasons. In his opening statement, Oversight Committee ranking member Rep. Elijah Cummings (D-Md.) complained that the hearing was the 23rd held about the IRS in recent years. "Unfortunately, Republicans have become obsessed with investigating any and every allegation relating to the IRS, no matter how small," he said. He said Republicans are frustrated that they have never found...
  • Tax Policy Center Releases Flawed And Biased Analysis Of Marco Rubio Tax Cut

    02/12/2016 12:35:18 PM PST · by Citizen Zed · 3 replies
    forbes.com ^ | 2-11-2016 | Ryan Ellis
    The headline you'll read is that the Rubio plan cuts taxes by $6.8 trillion over a decade. This needs to be put in the context of the $42 trillion of revenue the federal government is projected to collect over the next ten years. So it's a big score, but it's not so big when compared to the larger tax revenue picture. Rarely are these two numbers associated, as they always should be. Needless to say, they are not in the TPC report. TPC themselves admit that they lack the capacity to do a macroeconomic analysis of the plan. In other...
  • U.S. stocks tumble to 22-month low as energy, financials drop

    02/08/2016 7:59:26 AM PST · by John W · 27 replies
    marketwatch.com ^ | February 8, 2016 | Ellie Ismailidou
    U.S. stocks tumbled Monday morning to their lowest level in 22 months as a fresh drop in oil prices amid continuing fears of economic slowdown pushed investors to the perceived safety of government bonds and gold. "Is the market throwing out the baby with the bath water?"said James Meyer, chief investment officer at Tower Bridge Advisors, referring to the "rapid fall in prices for the high flying tech and biotech names that have been leading the market for the past 12 months." "The former leaders of the previous bull cycle are the ones that get taken to the woodshed in...
  • Sessions: 'Little surprise' Obama quietly signed the TPP

    02/04/2016 11:40:26 PM PST · by Ray76 · 100 replies
    Washington Examiner ^ | Feb 4, 2016 | Anna Giaritelli
    Sen. Jeff Sessions, R-Ala., charged the Obama administration with quietly signing the Trans-Pacific Partnership trade agreement in New Zealand, and said the White House tried to minimize it because it knows the public isn't pleased with the deal.
  • Obama compares his work on the economy to his gym routine

    02/06/2016 2:54:59 PM PST · by MarvinStinson · 43 replies
    Washington Examiner ^ | 02/06/16 | Philip Klein
    President Obama on Friday compared his work to keep the U.S. economy churning to the extra effort he has to put into his physical workouts as he ages. We should feel good about the progress we've made, understanding that we have still got more work to do, Obama said Friday while speaking about news that unemployment in January dropped below 5 percent for the first time in eight years. It's sort of like … Im 54 now, so I have to work out harder to stay in shape, and, you know, if I'm feeling good in the gym, I want...
  • Dow logs nearly 300-point loss as oil sinks below $30

    02/02/2016 2:24:13 PM PST · by John W · 21 replies
    marketwatch.com ^ | Februry 2, 2016 | Ellie Ismaildou
    Wall Street stocks ended sharply lower Tuesday as investors unloaded energy and financial stocks amid a selloff in crude-oil futures, which settled below $30 a barrel. The downdraft in energy shares and banks offset strong gains in Google parent Alphabet Inc.-which officially surpassed Apple Inc. to become the most valuable company in the world-toy maker Mattel, and fashion retailer Michael Kors. A fresh 5.5% slump in oil prices following a 6% slide Monday, weighed on energy companies' stocks. The energy sector had the worst performance of the S&P 500's 10 sectors, down 3.3%, followed by financials, declining 2.6%.
  • Retail Apocalypse: 2016 Brings Empty Shelves And Store Closings All Across America

    02/01/2016 8:58:20 AM PST · by SeekAndFind · 134 replies
    EAD ^ | 02/01/2016 | Michael Snyder
    Major retailers in the United States are shutting down hundreds of stores, and shoppers are reporting alarmingly bare shelves in many retail locations that are still open all over the country. It appears that the retail apocalypse that made so many headlines in 2015 has gone to an entirely new level as we enter 2016. As economic activity slows down and Internet retailers capture more of the market, brick and mortar retailers are cutting their losses. This is especially true in areas that are on the lower portion of the income scale. In impoverished urban centers all over the nation,...
  • Oakland’s Minimum Wage Is Up, Wal-Mart Is Out

    01/30/2016 8:44:31 AM PST · by upchuck · 64 replies
    daily signal ^ | Jan 22, 2016 | Leah Jessen
    A minimum wage of $12.55 an hour in Oakland, Calif., may be the culprit for a Wal-Mart store's closure. Wal-Mart announced Jan. 15 it will close 269 stores globally, including 154 locations in the United States-affecting about 10,000 associates across the nation... snip Oakland Mayor Libby Schaaf, a Democrat, has been leading statewide efforts to raise the minimum wage to $15. "This higher city minimum wage eliminated the jobs of the very workers advocates wanted to help," said James Sherk, a research fellow in labor economics at The Heritage Foundation... snip The Wall Street Journal reported on Wednesday that most...
  • U.S. stocks fall after Fed statement

    01/27/2016 11:50:47 AM PST · by John W · 14 replies
    marketwatch.com ^ | January 27, 2016 | Anora Mahmudova & Sara Sjolin
    U.S. stocks moved back into the red Wednesday after the Federal Reserve left interest rates unchanged and said "economic growth slowed" since its last meeting in December. "Inflation is expected to remain low in the near term," the Fed said in new, more cautious language, that suggests the central bank won't be quick to raise interest rates again. "Lower oil prices and weak global economic growth would make the Fed more cautious about its tightening policy. The second interest rate increase in March has become unlikely," said Jia Liu, research fellow at the American Institute for Economic Research in emailed...
  • US government could bail out the oil industry. [Whaaaa, bail us out too]

    01/17/2016 10:27:10 AM PST · by Lorianne · 11 replies
    Forbes ^ | 19 December 2015 | Jeffrey Dorfman
    Oil prices have broken below $35 per barrel. Job losses in the industry are already over 100,000 and still climbing. Yet, no word from the Obama administration about a potential bailout of this important sector of the American economy. Why were Chrysler and GM bailed out while the oil industry is left to suffer a financial reset at least as sharp as what the automakers went through in 2008-2010? The answer lies not in economics, but politics, specifically union politics. Economically, of course, there are benefits to the fall in oil prices. Because the U.S. is a net importer of...
  • The Modern Left and the Crippling of Markets

    01/13/2016 1:50:58 PM PST · by jfd1776 · 8 replies
    Illinois Review ^ | January 13, 2016 A.D. | John F. Di Leo
    Reflections on the last State of the Union Address from Barack Hussein Obama… The modern Democratic Party has made no secret of the fact that they detest the free market. No, not dislike, not disrespect, not even misunderstand... they detest the free market. From Secretary Hillary Clinton haughtily declaring to Senator Bernie Sanders famously declaring that 23 brands of deodorant are … the leading lights of the modern Democratic Party are dim bulbs indeed, when it comes to economics. They proudly refuse to understand the subject, and they set themselves up as superior to its realities. It has long been...
  • 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 under President Obama, and N. Gregory Mankiw, CEA chair under President George W. Bush, team up this morning in an op-ed supporting Obamacare’s 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 Trump’s 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. Trump’s 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 Trump’s 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 wasn’t Trump’s 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. Trump’s distrust of the government’s job statistics isn’t 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....
  • Oil’s Down, Gasoline Isn’t — What’s 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 below—yet, 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 Depression—even 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 Obama’s record as president, there’s at least one legacy he’ll leave that will indeed be historic—but 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
    I’ve never written a column like this. Readers rarely believe it, but I am not on any political team. Generosity toward the high and mighty isn’t 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 doesn’t 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 doesn’t fare too badly, with 17 percent of its residents impoverished, a bit above the national rate of...
  • McDonald’s 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 Obama’s 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 isn’t a stranger to the liberal elite. Michael Moore’s 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 Microsoft’s 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 Nokia’s 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 don’t see color,” and “I don’t 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 nation’s 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 nation’s 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 nation’s 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.