Fascist Democrats Planning Another so-called Stimulus Package
Democrat debt junkies coming down from their hope-ium high are calling for a second round of trillion dollar deficit spending to numb the nation’s economic pain. This additional injection of credit will not address the systemic issue of excessive spending and will further weaken consumers by extracting more purchasing power from the dollar. “We really should have a second stimulus, we should have more stuff,” | Read More »
, Consumer confidence
, Gerald Celente
Where are the jobs?
That’s House Minority Leader John Boehner’s response to CoS Rahm Emanuel’s rather… well, sad… statement that the White House has turned the economy around:
Here are those jobs Obama promised you
Hi, Billy Mays here, coming to you from beyond the grave for Jobs That Matter. Near double-digit unemployment got you down? Out of work since that temp job as a census-taking clown? Don’t despair, you can work for *ObamaCare! We need change like never before — on the economy, climate change and WAIT — there’s more!
The Economy Gets Better and Better
I’ve written before about the glowing coverage Barack Obama receives despite the consistently terrible economic news. Today provides yet another example: Fewer than expected file for unemployment The number of Americans filing initial unemployment claims fell sharply last week, while those filing ongoing claims rose to another all-time high, according to government data released Thursday. There were 565,000 initial jobless claims filed in the week | Read More »
GOP Congressional Majority historically leads to lower unemployment
Since the #1 issue on nearly every poll is “the economy” and perhaps the leading indicator, or at least one of the top few indicators, of how well the economy is doing is the unemployment rate, I believe a historical analysis of which party and which policies have led to higher or lower unemployment rates is in order. According to the Bureau of Labor Statistics, | Read More »
Obama’s jobless ‘recovery’ – unemployment at 9.5%
Despite all the happy talk that there are signs that the economy is improving, or at least bottoming out, there is little hope that the unemployment rate will improve anytime soon. Job losses accelerated last month to 467,000, “an unexpectedly large amount.” The unemployment rate rose to 9.5%, the highest level since August 1983. According to the Associated Press, unemployment is actually much worse: If | Read More »
Gallup: Investors Losing Confidence in Economy
From Gallup: The sharp decline in Gallup’s Index of Investor Optimism in June — particularly the plunge in expectations for the economy — suggests that investors may be losing some of their hopes for an immediate improvement in the U.S. economy later this year. This is consistent with the leveling off of consumers’ mood over the past few weeks and the drop in the consumer | Read More »
CNN: 473,000 Lost Jobs=Improvement
George Bush would have killed for coverage like this. Considering the surprising strength of the economy in the wake of the September 11 attacks, he’d be posing for Mount Rushmore if the press had treated him the way they are treating Obama: Job market shows some improvement …Automatic Data Processing, a payroll-processing firm, said private-sector employers cut 473,000 jobs in June, a 2.5% improvement from | Read More »
Socialism checklist: First the banks, then the auto dealerships, healthcare, education, immigration?
Prior to the November elections, Republicans warned impressionable voters about how a vote for The One and his running mate could and would lead to socialism. The voters just laughed and proceeded to vote for them anyway. Nationalizing the Banks Now, a half a year later, the banks that “fail” have been nationalized along with money lending companies like Fannie Mae and Freddie Mac, and | Read More »
‘Stimulus’ Kills Pennsylvania Steel Jobs
Remember how having a bunch of brilliant grown-ups in the White House was going to restore our tattered relations with key allies? And how the ‘stimulus’ bill would create millions of jobs here in the United States? Instead, the bill has sparked a trade war with Canada – one that will get worse if it is not addressed. And while the Obama team can offer | Read More »
“Who are You Going To Believe — Me Or Your Lying Eyes?”
originally published at The Minority Report The President says companies are hiring — who would have laid off — because of stimulus bill President Obama, Vice President Biden and a number of the administration’s top financial advisers did their best Tuesday to convince the American people that the massive government spending designed to stimulate the economy is — well, stimulating the economy. Although the President | Read More »
A Stroll Down Memory Lane
With the federal deficit spiraling out of control, with unemployment approaching 10 percent, and with confidence in the Obama economic plan waning, it might be useful to go back and look at what team Obama promised if the porkulus passed:
Obama Economic Policy Failing
In yet another attempt to spin a failing policy into a success Barack Obama announced that his stimulus plan has ,”saved or created,” 150,000 jobs during a time when the economy LOST 1.5 million jobs. Using an arbitrary number that he created from nothing Obama cannot prove or disprove the saving of any job and when asked this during his announcement he stumbled and stated | Read More »
A probably trite observation on ‘stimulus’ jobs.
It was, nonetheless, an alarming thought to wake up to: even if you accept the concept that the ‘stimulus’ bill that Congress saddled on us is creating jobs – And that’s subject to debate: …we’re shifting any jobs generated away from useful ones, like manufacturing, and towards useless ones, like government. Have a nice morning! Moe Lane Crossposted to Moe Lane.
Obama’s “Saved Or Created Jobs” Does Not Match Reality
The House Republicans have put together some data your local mainstream media outlet probably will shy away from discussing. Today, Barack Obama told the public, “In these last few months, the American Recovery and Reinvestment Act has saved or created nearly 100 — 150,000 jobs”? But that’s just not true. 16,000 jobs have been lost every single day since Barry’s stimulus plan was passed. At | Read More »