Gruber, Obama- Healthcare, Lies and Videotape

As bad as this is- and it is bad, at least Gruber told the truth. The ignorance of the American people is a commodity for the Left. They need an ignorant electorate to pass their immoral legislation. That the Left relies on ignorance and deception says everything one needs to know regarding the lack of merits of their policies/positions and the people who pass them.

“When he speaketh a lie, he speaketh of his own: for he is a liar, and the father of it.”

Describes Obama to a T.

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August’s Economic Numbers

Listening to the President’s speech at the Milwaukee Laborfest this past week, he would have the country believe that the economy is booming- or at the very least, strengthening enough to give the country more confidence in his stewardship. Among other things, Obama bragged that his administration has created more than ten million jobs and that the country is stronger because Americans now have “quality, affordable health insurance that [we] can count on.” He also claimed that because of his economic policies, the American economy is stronger now than when he took office back in 2009.

 

But according to Obama, the main reason more people don’t realize how well the economy is doing is because of – the media. Yes, the same media that has defended his poor economic policies and have willingly spun the jobs report month in and month out- regardless of how bad the reports have been- are now at fault for- I guess- not spinning the economic news in his favor, enough.

 

Unfortunately for President Obama, the jobs numbers and other economic indicators paint a much different, less optimistic picture than the one he paints- regardless of television media input.

 

The initial estimate of the second-quarter GDP growth rate of four percent was revised upwards to 4.2%, which is news considering the first quarter contracted 2.1%. Though the second quarter growth is good news, when averaged with the first quarter, the economy has grown slightly above one percent.

 

As for jobs numbers, payroll processor ADP says that 204,000 jobs were added in August. Though down from the previous month’s job additions, August was thought to be the seventh month that private job creation exceeded 200,000. But, the BLS says that there were only 142,000 jobs created last month, far below what many economists expected. In addition, 7.3 million people are stuck in part-time employment and 92 million people aren’t in the labor force.

 

In August, the national unemployment rate ticked down to 6.1%. The U-6 rate, the more accurate indicator of unemployment- which includes discouraged workers, workers marginally attached to the labor force and those working part-time but prefer full-time work- is still 12%.

 

The unemployment rate for blacks is 11.4%, and there are more than twelve million blacks not in the labor force. Black teen unemployment dropped to 32.8%.   The unemployment rate for the politically coveted Latino demographic was 7.5%.

 

The labor force participation rate dropped slightly to 62.8%, once again matching the lowest point seen since 1978.

 

Other economic indicators show:

  • Every month for the last 36 months, at least 45 million Americans have been enrolled on food stamps (Supplemental Nutrition Assistance Program), according to the Department of Agriculture. In May 2014, the last month in which the data is known, more than 46 million people received food stamps;
  • The Bureau of the Fiscal Service’s Monthly Treasury Report, 2013 saw over two trillion dollars in benefits and entitlements paid out by the federal government. Almost seventy percent of this amount was paid out in non-means tested programs, which means program eligibility isn’t tied to income;
  • According to Census data, more than a third of Americans are receiving some form of government assistance.
  • Data recently released by Sentier Research shows that the median household income is more than three percent lower now than it was when the recession was declared over in June 2009, and is almost five percent lower than it was in December, 2007.
  • The Pew Charitable Trust shows that no state in the country could claim employment gains between 2007-2014.
  • The National Retail Federation announced that the retail industry lost almost 18,000 jobs in August;
  • The Congressional Budget Office recently revised an April 2014 report on the potential effects of Obamacare on the economy over the next ten years. Not only does the CBO project a smaller labor force participation rate than pre-recession levels, but expects the labor force participation rate to be further reduced because ACA subsidies are tied to income. After a certain level (400% of the federal poverty level) the higher the income the fewer subsidies available for increasing premiums- a clear incentive not to work.
  • For all of Obama’s income inequality rhetoric that fuels class warfare and resentment, under his leadership “the richest 10 percent were the only income group of Americans that saw their median incomes rise,” according to a Federal Reserve survey.
  • Even AFL-CIO president Richard Trumka has soured on Obama’s economic policies. When a union leader calls out the President of the party it supports, funds, and perverts- in addition to other Democrats- you know it’s bad.

 

With statistics like these it’s no wonder why the majority of Americans– 54%- are disappointed in the job Obama is doing on the economy– and he is “doing a job” on the economy. It’s also no surprise that almost half of Americans- 49%- think the economy is still in recession.

 

But according to Obama, all this bad news is the fault of the media and not his irresponsible economic policies.

 

March’s (Un)Employment Numbers

Economic Blog March Numbers

As another month passes, we continue to see the desired and intended economic realities of central planning, progressive idealists. This progressive ideal is diametrically opposed to what’s needed to recuperate the lost jobs, wages and capital- not to mention faith and optimism of the American people- during this “recovery.”

The unemployment rate is 6.7%; for blacks it’s 12.4% and for black teens, the rate is 36.1%. Over 20 million Americans (the unemployed, the long-term jobless, marginally attached to the labor force) still remain on the margins of the labor force, of which the participation rate is 63.2%. Only 192,000 jobs were added last month, but it doesn’t approach what’s needed to maintain pace with population growth.

It’s been said before, but it bears repeating. Despite what the unemployment rate is doctored to say- and how the Obama administration spins it, the country continues its descent into the murkiness of economic apathy and stifled productivity.

In regards to doctored data, not only has the unemployment data been intentionally manipulated to favor Obama- if one can call this information, favorable- but it appears that the Consumer Price Index may have also been falsified. The CPI- used to gauge several economic categories- measures the variation of prices for goods and services to determine the development and effect of inflation. It’s also responsible for affecting the increase of military pay and retiree benefits. The falsifying of CPI data would have costly effects to those whose income is dependent on the CPI’s report. The Obama administration has earnestly demonstrated its willingness to lie to the country regarding his healthcare promises and about the severity of the unemployment situation. That he would lie about inflation levels while cheating service members out of earned pay and the elderly out of benefits is no surprise at all.

But there is good news. Now that Obamacare has over “seven million” Americans “enrolled,” ‘we now pivot to job creation,” so says Democratic House Minority Leader Nancy Pelosi.

Now? Now?? That Obamacare was the focus when the country suffered through double-digit unemployment and then remained the focus as more and more Americans left the workforce confirms just how serious the progressive-minded, utopian fools are when it comes to the economy.

Consider this. Aside from jobless claims increasing last week:

–       Radio ShackStaplesSony, Office Depot, Sears Holding (which owns Sears and Kmart), JC Penney, and Disney – among many others– all announced plans to either close stores and or layoff employees in March;

–       Two million people more people were unemployed this past month that at the same time last year;

–       According to a report by the Center for Immigration Studies, almost 17 million Americans wanted- but were unable to find full-time work in 2013;

–       The housing market remains weak;

–       The Federal Reserve Chair Janet Yellen said that though the Fed has decided to taper its bond-buying bailout to $55 billion per month (over $4 trillion total), it will continue for “some time” to combat sustained levels of unemployment;

These are real, tangible indicators that the economy hasn’t recovered. In addition, almost 45% of Americans feel they are no longer part of the middle class. Worse still, forty percent now self-identify with being lower middle or lower class, economically.

It’s bad news for an economy that urgently needs resuscitation, but it’s significantly worse for those who are poor, who lack basic job skills and who have a checkered work history. It’s remarkably bad when the lack of available jobs intensifies the competition to find work. This glaring realization, though evidenced in the country generally, characterizes the black economic and employment situation, specifically.

As mentioned above the unemployment rate for blacks and black teens is 12.4% and 36.1%, respectively. If not for a few voices, including Project 21, many Americans would be clueless to the economic struggle and anxiety felt by many black Americans.

According to Newsbusters, over the last year ABC, NBC and CBS gave a mere TEN SECONDS – combined– in reporting the exceedingly bleak black economic plight and the black unemployment. According to the Media Research Center’s Business and Media Institute, of the 145 jobs-related stories during the past year, the black unemployment rate was mentioned… twice.

Obama, ABC, NBC and CBS have continually ignored the fact that since January 2009- Obama’s first month in office- the black unemployment rate has been below 12% once; it’s been at or above 14% thirty-nine times, at or above 15% twenty-nine times, and at or above 16% eleven times. They have also continually ignored black teenage unemployment, which during the same period, has been below 35% only four times.

Yet Paul Ryan is the enemy…

This is inexcusable, but not surprising.

And nothing will change. Expect the Obama administration and his party to deliver practiced, sympathetic talking points about “putting America back to work” in solemn and determined tones, attached to concerned faces as they attempt to fleece the American public on the way toward the midterms in November.

What’s worse is that after all the destructive evidence resulting from the policies this administration advocates, that fleecing may prove convincing.

Again.