Obama: 'This Will Be a Year of Action' on Economy

Breitbart ^ | 12 Jan 2014 | Wynton Hall

[Hoodat]

Echoing past economic promises of “green shoots,” “five million green collar jobs,” and “recovery summer,” President Barack Obama said during his Saturday weekly address that 2014 will be a “year of action” on the economy.

“This will be a year of action. I’ll keep doing everything I can to create new jobs and new opportunities for American families – with Congress, on my own, and with everyone willing to play their part,” said Obama.

Obama’s latest economic pivot comes on the heels of a dismal Friday jobs report that shows the U.S. labor force participation rate has contracted to its lowest rate in 36 years.

Still, the president declared the Obama economy is booming. “Across our broader economy, there are signs of progress. Our manufacturing and housing sectors are rebounding. Our energy, technology, and auto sectors are booming. Thanks in part to the reforms in the Affordable Care Act, health care costs now eat up less of our economy,” he said.

On Friday, the government announced that a record 91.8 million Americans are no longer in the labor force.

[SpaceBar]

I guess that settles it then.

2014 will be the year the economy completely collapses.

[backwoods-engineer]

"This will be a year of action. I’ll keep doing everything I can to create new jobs and new opportunities for American families – with Congress, on my own, and with everyone willing to play their part," said Obama.

And all the FReepers (me included) say, "What the hell is this lawless dictator going to do to me now?"

Because when he says "action", you better BOHICA. This guy does NOTHING without the heavy hand of government behind him.

[bigheadfred]

if you thought you were worse off last year wait till the next

[UCANSEE2]

EVERY WEEK FOR OVER FIVE YEARS - “Now, get out of my office. I need to get some rest because I have a round of golf with Tiger Woods tomorrow, and the next day, and the next.”

[Former Proud Canadian]

Is the “Year of Action” sort of like the “Great Leap Forward”? If so, batten down the hatches and invest in canned food.

[Hoodat]

During his 12 years at the U. of Chicago, he never could manage to earn a promotion to associate professor. But at least he has the lecturer role down. Just don’t expect him to grade any papers.

[Hoodat]

He can’t even manage that. All he knows how to do is read from a teleprompter.

[LibLieSlayer]

He “won’t rest until”.........

[Chode]

pretty much...

[ldish]

and the focking hathole has wanted until now for what reason?????

[Graewoulf]

During WW2, The Socialist FDR Administration instituted wage and price controls on American Companies.

Companies could not raise wages, but they could increase benefits to attract workers that they wanted.

Hence, Companies started offering Medical Insurance to keep present employees, and to attract new employees.

Now our Socialized Society considers it a “right” for an employee, and their dependents to have part or all of their medical insurance paid for by the company that they work for.

So much for the millstone burden of a bad WW2 edict from FDR.

One great thing that could come out of the total collapse of CommieObamaCare is that ONLY the citizen is responsible for any insurance product that they choose to buy.

Thus, allowing Companies to lower the price of their goods and services to the customers by the amount that they had been paying for insurance for their employees, and their dependents.

____________

In similar manner, the Socialist Labor Union Movement in the late 1800’s, and the Socialized FDR Wage Controls of WW2 have produced the relics of Minimum Wage Control and Governmental Labor rules that shackle the productivity of our Society.

Ronald Reagan was fond of saying “Businesses do not pay taxes, because consumers pay all the taxes.”

A business forced by an oppressive Government to pay a higher minimum wage to their workers will simply pass that additional expense on to the consumer in the form of higher prices.
_______________________

None of the above will make any sense to the true believers in the Obama Plantation, headquartered at 1600 Plantation Avenue, Washington, District of Corruption.

BTW, is there any truth to the rumor that the Potomac River will soon have its name changed to De Nile River?

[Lurkina.n.Learnin]

Kind of amazing isn’t it? The law just went into effect twelve days ago and already it is making HUGE differences.

[SECURE AMERICA]

Obama: ‘This Will Be a Year of Action’ on Economy

This Monday when I get to work I am not going to do anything on Monday, Tuesday, Wednesday, Thursday and then I Friday I will tell the Boss “This will be the day I work”...........

[Gene Eric]

Got his New Year strut on...

[ExCTCitizen]

The green jobs will be at the country clubs he plays at.

[Texas resident]

Sounds a bit like castro proclaiming that the revolution continues.