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The unemployment dropped slightly to 8.2 percent today, as the economy added 120,000 jobs.
That jobs figure, though, fell short of the expectation of about 200,000 jobs.
NOTE: By the way, there will be no First Thoughts today. We're taking a small break on this Good Friday, but we will be updating the blog throughout the day as news warrants.
*** UPDATE *** Mitt Romney responds to the jobs report, calling it "weak and very troubling."
“This is a weak and very troubling jobs report that shows the employment market remains stagnant," Romney said in a statement released by his campaign. "Millions of Americans are paying a high price for President Obama's economic policies, and more and more people are growing so discouraged that they are dropping out of the labor force altogether. It is increasingly clear the Obama economy is not working and that after three years in office the President's excuses have run out.”
*** UPDATE 2 *** NBC's Frank Thorp reports House Speaker John Boehner pins slowed job creation on the president's policies.
"Today's report shows that families and small businesses are still struggling to get by because of President Obama's failed economic policies," Boehner said in a statement.
The unemployment rate drops to 8.2 percent after the March unemployment report showed US employers added 120,000 jobs for the month. A CNBC panel discusses the data.
*** UPDATE 3 *** Majority Leader Eric Cantor, though, didn't name President Obama in his statement. Instead, he talks about the JOBS Act Cantor pushed and Obama signed.
"The monthly jobless numbers are just a quick snapshot of the economy, so while it is welcome news that around one hundred thousand jobs were created last month, there's more to the picture. The level of growth we are seeing isn't enough to make a difference for the millions of Americans still out of work or families facing high gas prices and the uncertainty of a lagging economy. Job growth happens when small businessmen and women in this country have the ability to take risks, invest capital and start hiring new workers. We want to make sure they have every opportunity to do so. The JOBS Act is now law because Republicans and Democrats put our differences aside and joined together to deliver results for job creators in this country. We can do more."
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let me see, or perhaps you supporters of the aca can enlighten me as to the function of the 20k IRS agents will they be going door to door enforcing the individual mandate and how will this be accomplished will they be there with the police just in case you don't want to pay the penalty/tax or maybe they can hunt down the homeless and UN-documented immigrants will we soon give this choice to our dogs and other pets because my koi have decided that they are not going to get health ins. until they have a pre existing condition no matter if someone tries to gig them a bayonet or not, OK thats what they said to the cat who’s got a broken tail and said as long as they will let him sleep he will vote for barack an joe . this is in para/sentence form on purpose YO. jest sayn !!! HA HA HA lolrotf
vote nov ABO
Excerpts; Presidents (the head of state, or head of state and chief political executive, of a republic, one who presides.)jfk, lbj, rmn, jrc, rwr, ghwb, wjc, gwb, bho, The only difference here is the last is the present preside r .
These particular people, with the possible! exception of President Regan, have exercised an extra Constitutional or somewhat peculiar idea of what works in America’s Best interest. Over this period of time we have seen our inalienable rights continually eroded. This being modern history.
Earlier, the larceny of Gold by Government, Franklin Delano Roosevelt signed Executive Order 6102 into law was truly the revelation of contemptible decimation of Constitutional rights for all Americans. Our nation was founded with the sacred words, “We hold these truths to be self-evident, that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty and the pursuit of happiness.” But in 1933, all that was shattered if by “pursuing happiness,” you chose to pursue gold. The new deal in retrospect was widely touted as what brought us out of the great depression, and also opinionatedly characterized by some in contemporary academia as factual truth. This being a misrepresentation targeted at those who would believe it. While a number of the federal programs that were implemented during the dirty thirties were significant and profoundly effective at regaining national economic stability. The main factor that reinvigorated private sector economic growth and consequently provided equitable employment and carried Our Great Nation out of despair was the necessity to defend “The Free World” against ‘The Axis of evil’ during World War 2.
Since then powerful factions within our government have been focused primarily on building the nanny state, spending outrageously to create an enslaved dependency class, dumbing down the electorate and using the willing participation of media to propagandize with convenient lies to further proliferate their big government ideology. This is all accomplished ultimately under the radar and against the will of freedom loving people of this country. Being led by a ring in our nose is entirely not what our Constitution guaranteed to All Americans. Where is your pride America? Naïve much!!!
let’s be clear, this country is in disarray, first off financially we are out of control and I mean we !!! Do in large part to gov't intrusion into the routine functioning of the private sector. I might add a system that has created a wonderful lifestyle attainable by all Americans that have the intestinal fortitude to just reach out and make it their own. Conversely they work for us we designated them to represent us. We are held accountable for what they do. i.e. Nearly 16 trillion dollars of indebtedness. If it is your goal to reverse this trend of economic wreck less abandon then you must be mindfully aware of who is delegated with the responsibility of responding to the needs of our nation.
Getting America to come around and realize we have a debt/deficit problem is urgently needed. Also some people blame the few Tea party people in congress for everything, when many more dinos and rinos aka. (Washington Establishment types) are there thwarting any effort to improve fiscal responsibility .
Can Anyone say Balanced Budget Amendment???
Government waste and plunder and immoral spending is so prolific that we will most likely, short of some genuine leadership, never. EVER.. again see the light of day. And yet somehow... our government is telling us .....that they can spend money on literally ANY thing they want... literally any vote-buying scheme they can think of.. no matter how much or how little revenue they have coming in.... no matter how economically ridiculous it is.. and the top 10% of wage earners who are paying over 60% of all taxes collected (IRS Stats, not mine) are just expected to pony up and pay for their completely irresponsible madness?
vote the junk out a yer trunk
Pedant!
kimH-1330542
Rick - nobody cares what you think
#37.9
Yeah, they are creating new jobs, but not one mention of the thousands and thousands that are being laid off, ie" from Yahoo, from J.C. Penneys, and on and on
Actually, the 120,000 only offsets the new worker entering the workforce. No one unemployed was re-employed. Even so, the good news is Obamas Labor Department toady was able to further reduce the un-employment rate without making 316,000 people disappear like last time. Soon we will have total employment being unemployed.
More MSNBC half-truths. According to the same report on NPR, most jobs created were part time, minimum wage positions, and 120,000 jobs generated is ONE THIRD of the number of jobs a MONTH what is considered necessary to restore the economy.
As long as we are sending REAL jobs overseas nothing will change for the better.
So, you prefer the 800,000 a month we were bleeding when Bush handed it over? hmmm.
So Tim, you're with me in anger that Republicans keep blocking a repeal of tax advantages for companies that send jobs out of country?
The prime driver behind the "drop" in unemployment isn't that more jobs were created... 120k jobs is a pathetic rate of "growth". The real driver behind the number is that MORE people fell off the back end. Their unemployment ran out and they QUIT looking for work. It has much more to do with how the unemployment number is calculated than it does anything else. Instead of raising the numerator, they are just lowering the denominator. "Real unemployment" (people REALLY out of work) continues to get worse, while the "pretend unemployment" (the official govt number) appears to improve.
Why don't we be honest with people about what's really going on with these numbers? BTW, the stock market knows, which is why it went down even when unemployment supposedly improved.
No pathetic applies to the bleeding of 800,000 a month under Georgie Boy, you seem to forget Obama inherited the mess! Key word here Inherited! It took him 8 years to make the mess and throw us into a damn near depression and you crying cause it aint comin fast enuff? Wow! Why werent you crying foul when the mess was happening? Oh, because it was different cause THAT was Bush?
Yep, its slow and God forbid it slow down any further but compared to where we were and the difference in the types of employment due to technology and those job creators sending em overseas, I think we are headed in the direction we want to go.
Or do you think Romney gonna come along and twitch his nose and straighten everything out over nite? Of course you do. Naive is the word.
Oh, Linda, it's been THREE long years.... Obama said himself that if the stimulus was passed, unemployment would not surpass 8 percent. He's also said on numerous occasions that he now owns the economy (although he's still blaming Bush). Bottom line is, his policies have hurt, not helped.
And you are still in denial of how we got where we are today and just how damn bad it was. My guess is you have no idea what policies you are talking about. Are you talking about the ACA where children must be treated regardless of pre existing and insurance companies cannot cap your care over a lifetime, or are you talking about how the auto industry was saved, or the capture of Bin Laden, or are you talking about the regulations put forth on the wall street creeps, or extending the unemployment for those out of work, or the campaign he has been on going from state to state to initiate jobs.
Now tell me exactly what the republicans that you want back in office have done over the last three years? Besides obstruct, criticize, accuse and shake they head no. Im listening.
Nice job, Linda.
Oh, and Bruce...President Obama NEVER PROMISED unemployment wouldn't go above 8%...especially since unemployment was over 8% when the stimulus bill passed.
Well I guess we know there are still at least two people in this world who are still enjoying the kool-aid.
And at least one gullable fox viewer. Get the facts and quit being a pawn. Come on! Tell us why we should put republicans back in office and what a wonderful freakin job they have done over the last decade? Im listening.
Thanks John, just sharing a few facts of the matter.:)
I can think of 15 trillion reasons right off the bat.
So. You gonna share?
Think about it Linda and you'll get it... I have faith in you...
(If you get stuck, look up the national debt under the president who used to talk about not leaving our children and grandchildren saddled with debt.)
Do some more research. Sources?
Im glad you brought up the stock market. Do you know the stock market is highest its ever been? Wow! Wonder what that means?
Does it mean the fat cats on Wall Street that you love to hate are getting rich?!
You tell me, Bruce.
My guess is all those people who invest in their retirement are pretty dang happy about it tho, dont you?
Thanks for bringing up the debt, Bruce. I'm probably even more bothered than you are that Republicans have wracked up well in excess of $12T in debt. http://zfacts.com/p/1195.html
The really amazing thing to me is that you actually seem to believe this stuff....
So tell me which part is wrong;
http://zfacts.com/p/1195.html
Yes the Unemployment rate dropped because people that have been on it for 99 weeks are no longer allowed to collect unemployment so they fall out and do not count towardsthe unemployment rate any longer and the jobs were adding lets see a barister in a coffee shop that pays under 20k per year, McDonalds you all know what that pays. I would say the job creation initiative was a smashing success. WAKE UP PEOPLE !!!! a Job that you can start to support a family on starts at around 50 to 60k and goes up from there. FIRE EVERYONE !!!! and lets start fresh
I guess I should tell the people that got hired near me, that they should take a $30k pay cut, since that is what you say the jobs that were added are paying. I'm sure those engineers will love making coffee or flipping burgers, just because you don't think they got hired at real wages.
There will always be those engineer positions, they're just more scarce than ever before. Godspeed to your neighbors, as they were lucky to land such jobs.
Both my daughters have degrees and one currently works two waitressing jobs, while the other works as a hostess and as a unpaid intern.
Tim, the jobs are out there, you need to be aggressive in finding them. I know for a fact the company I work for is still hiring engineers.
First, 316,000 citizens magically disappear lowering the unemployment rate. Now we have 120,000 jobs, the number of new people entering the workforce, for zero net gain and the rate again drops. It's almost like someone is using ObamaMath and the Labor Department is run by one of Obamas toadies. At the current rate we will have no one working and total employment.
Despite the republican's best effort the economy is recovering . Think what will happen when they want it to do well .
They don't want it to do well, until they can take credit for it. There is no interest in working with others.
Wow. What alternate universe are you two living in? lol
They said themselves, whatever it takes to make Obama a one termer. Oh, you dont remember how and why the credit rating was reduced? No? Oh of course, that was Obamas fault too! Talk about alternate universe.
Obama said he'd probably be a one term president. Guess he was right about something.
Tim, show me the cooperation. Both sides are horrible at it. Let's look at the healthcare reform. The Republican position. Let's repeal it now and worrya bout fixing it later. Why not work to flesh out a plan to fix it, then people can see you really are taking the problem seriously? If I was to tell my boss that a product should not be delivered to a customer. I damn well better have a good reason for doing it AND a plan for getting that product delivered as soon as possible.
The Federal Government has no business creating and selling product. That's for the private sector. They've tried, and failed at every attempt.
What product has the Federal Government created, Tim?
Yes Tim, please enlighten us.
Obama's policies have worked.
Google GDP graph, jobless claims graph, unemployment graph, and the DOW.
Despite Republican obstruction, Obama's policies have worked.
Perhaps the most critical measure of our economic health as a country is our total national debt to GDP ratio. An economy hits the danger zone when the ratio exceeds 100%. The following numbers show how Obama’s policies have failed this country.
U.S. Total National Debt to GDP ratio:
1992 – 60% (Bush Sr. last year in office)
2000 – 60% (Clinton last year in office)
2006 – 63% (Last year of Republican Congress)
2008 – 70% (Bush Jr. last year in office)
2009 – 85% (Obama 1st year in office)
2010 – 93% (Obama 2nd year in office)
2011 – 102% (Obama 3rd year in office)
2012 – 105% (estimated to exceed)
Only in the DNC Fantasy Land of Obamanomics is this a good economic performance. It shows a financial disaster about to hit this country that will be far worse than this last one. And the middle class will be those that suffer most.
Peter17 - explain the cause of the recession begun in the 43 administration.
Explain the right-wing obstruction to job creation.
Explain the right-wing obstruction to functional government.
Explain the right-wing rich people welfare programs.
Explain why the buffoonery has this country collecting the lowest tax revenue in the western world and generating the largest deficits, many of them "off the books" fighting W's wars.
Explain why this country has war criminals walking the streest, why this country has easier gun laws and higher shooting death rates than any other nation on the planet, or why it is easier to obtain a gun than an education, job or affordable health care.
Explain why an organized crime syndicate still masquerades as a political party and the mindless masses of malingering malcontents such as yourself don't bother to hold your own misleading, misinforming and destructive leadership accountable for their crimes?
No American is safe on the streets or in their jobs until every last right-wing buffoon is removed from office, elected and appointed.
If you really want to know who governs the United States and owns the court system check out:
http://www.alec.org/
http://alecwatch.org/
http://alecexposed.org/
http://www.thenation.com/article/161973/koch-connection
These are the people who own and operate the republican party and other right-wing political organizations, for fun and huge profits at the expense of the American people, the US government and our society as a whole. They have sold us all for 30 pieces of silver plate. Or haven't you seen the third-world condition of the US kangaroo kourt system?
You haven't lived in a democracy or a republic since early 1981 when Reagan and the neocons began selling the American people down the river, when control of our once free and independent broadcast media was handed over to the people we were warned about controlling the media. Laws died to appease Reagan cronies.
To get some education about the big business, right-wing controlled media, the disinformation disseminated by the propagandists masquerading as journalists and the total lack of honesty, morals or ethics in the right-wing candidates check out:
http://mediamatters.org/
Americans need to
work. we need to support our families.
US Unemployment rate
by President
http://www.miseryindex.us/indexbyPresident.asp
Nothing there "honest jo"...and you appear to be trying to link to the "misery index", an artificial, combination measure that no one used until the Conservative echo chamber noticed it's currently producing a number that looks bad.
"honest", indeed.
If it takes roughly 160,000 new jobs a month to break even that means 40,000 job seekers vanished just to maintain status quo.
But if unemployment actually dropped - a dubious claim by any standard - another 160,000 job seekers either got jobs than reported or vanished with the first 40,000.
I understand the right-wingers would like 200,000 Americans to vanish a month but someone should explain to the American people what these employment numbers really mean. Or tell us where the 2 million missing workers went in the last 12 months. Not even the gop can hide that many bodies in their overstuffed political closets.
You know how this GOP hates our President, no matter what he does. I don't think you will see President Obama extend the olive branch any more because all they have done up until now is spit in his face.
The writing is on the wall for President Obama. Time to go back to gangland Chicago.
Do you have anything to offer other than one liners?
This recent jobs report could have posted an increased in 10 million jobs and all these cry babies would still be pissing and moaning about how that's a low number and a failure on the President's behalf. Wah wah wah, things could be worse people.
But they didn't...did they Ryan....and most of the jobs created...were government jobs....and just who the hell pays the salaries of government employees...
Ryan,
Try pulling your head out of your a$$ and get some fresh air.
the recent new jobs claims are false.
it is very easy to see just look around. a lot of people are still not working or even those who are working are underemployed.
And they were much worse when Obama took the Helm, Remember people?
Where is the unemployment rate at 8.2%....in the city I live in...it's 11.9...they aren't counting the people that can no longer collect benifits...if they would report the real numbers it would be around 21%...they have to protect Barrack Hussein Obama...sham....scam...whatever you want to call it...
hmmm. Well somebody has money! I live in SW Florida, and its booming. Hotels and resorts are filled up, cannot get into a restaurant to eat without waitin in line for 2 hours and the beaches and shops are thriving. I aint doing bad either. Explain that? Even with the high gas prices.
Maybe people need to relocate?
There are hundreds of thousands of 1%'ers spending money, and getting real bargains at hotels that are charging less than half per room then they could ten years ago. These 1%'ers are creating plenty of part time minimum wage hospitality jobs, many worked by exploited illegals.
Yep. Everything is fine in SW Florida! (I know. I live in Port Charlotte. I used to own my own business. I now make $10.00 an hour as a part time cook). Viva La America!
you can thank obama for your prosperity or the lack of it.
Tim 217.2 So you have an entry level position as a cook, (where?) in port charlotte? Im in Rotonda, work on Boca Grande and own my own business. Yes, Englewood is booming, and its not the 1%ers either. How do I know that? Because I work for the one percenters on Boca (Im sure your familiar with Boca?), If you are only making that much on the hour living in this area, it is no ones fault but your own. There is plenty of work to be had if your the working kind. Yeppers, you go ahead and blame Obama if that makes you feel better but you and I both know the truth.
Economists, politicians, and RWNJ bloggers have no clue what unemployment is going to do - or - what it really means anymore. Welcome to the new normal.
What is the new normal?
Boomers will be eligible for retirement at the rate of 10,000 per day, seven days a week, 365 days a year, for the next 19 years. Boomers will be eligible for retirement at a rate of 300,000 per month for the next 19 years.
http://www.politifact.com/ohio/statements/2011/sep/26/john-boehner/house-speaker-john-boehner-says-10000-baby-boomers/
One out of every five workers will be eligible to retire over the next 10 years. One out of every two workers will be eligible to retire over the next 20 years.
http://www.bls.gov/cps/cpsaat03.htm
If, as economists have been saying, the economy needs 125,000 new jobs per month to keep up with population growth - but - 300,000 workers retire each month - then the current economic measures for employment are out the window. Welcome to the new normal.
Here is the really SCARY part of the new normal. The problem is not limited to Social Security or government. At present there is about $17 trillion in retirement assets invested on Wall Street.
http://www.ici.org/research/retirement/retirement/ret_11_q4
The retiring Boomers will be cashing out those retirement assets. Somewhere between a third and a half of all investments on Wall Street will be sold over the next twenty years. Wall Street will be losing $1 trillion per year for the next 19 years. Wall Street is facing the same problem that the government is facing.
People don't "cash in" their retirement assets, they live off the profits and dividends; and even when they do finally "cash in," guess what, someone else buys those stocks, as long as they are strong performers. Duh.
Some of your best work Nerm-L, I hope you save that and repost it closer to the top of one other threads where it's topical.
That Tim W doesn't see the significance isn't surprising. Mr. Economist is missing the fact that the wealthiest age demographic in the country is going to need to dispose of vast amounts of assets in order to finance their retirement. What happens when there are many buyers, fewer sellers?
We'll see if Tim can figure it out.
"Egan-Jones downgraded US credit rating to AA from AA+"
The rest will follow in about a month.
Get ready folks for the second depression.
www.bloomberg.com/news/2012-04-05/egan-jones-cuts-u-s-rating-one-step-to-aa-citing-growing-debt.html
Amazing how the sky is always falling if you are a Republican. Also amazing is how great we are doing if you are a Democrat. Does either side really have a clue?
Amazing how far dems can bury rheir heads in the sand before admitting that socialism doesn't work.
First of all, look up the meaning of socialism. Even the socialists laugh at that one. Secondly Im still waiting for you to tell me why I should vote in a republican. Go ahead! Tell me about it. Without putting down Obama. Can you? Im still listening.
Im not either. Party is what is wrong with the world. imo
There is a cancer spreading across america. It is killing the american people's dreams and hope. It is called obamanomics.
Its called ignorance, bigotry and hatred. Has nothing to do with Obama.
January 2013
$500 billion in Bush taxcuts are dropped from the deficit, Then $120 billion in automatic cuts take effect, then $250 billion in Afghan war expenditure ends, Then the $200 billion in general cuts by Obama take root,,,,,,Add em up and weep Conservatives.
Can you say,,,,,,,,,,Balanced budget?? I didn't think so, hahahaha
Rant, Rave, Scream, These are not "projected" cuts or hopes, These are not Democratic rhetoric, These are actual cuts already approved and WILL be in effect in January 2013
I think at this point it is fair to say even the Republican elite have conceded the general election, Romney simply cannot win and many Conservatives have admitted this fact. Many say it may be close, But NONE say Romney will win
I'm not a Democrat myself, But it is a sad sad day in the USA when the Republican party cannot even come up with a viable candidate and the party itself seems to be on a full speed course of self destruction with it's own voters.
every one of the Republican candidates are a better choice than the clown in the whitehouse now.
ANYBODY BUT OBAMA 2012!!!!!!!!!!!
i would even take Clinton over obama.
Clinton only screwed an intern.
obama is screwing the rest of us.
ANYBODY BUT OBAMA 2012!!!!!!!
let me educate you, it is not about a candidate it is about the direction the country wants to go.
source: WND
FROM JEROME CORSI'S RED ALERT
Real unemployment rate: 22.5%
Exposed! How government lies with job statistics
http://www.wnd.com/2012/02/real-unemployment-rate-22-5/
Americans need to
work. we need to support our families.
US Unemployment rate
by President
http://www.miseryindex.us/indexbyPresident.asp
By all means, tell us what the republican plan is? They been sitting on their laurels shaking they head no for three years, and it took the 8 before that to get us where we are, please enlighten me.
25 months of continued job growth, while the pubs was shakin they heads and telling us they only job was to get Obama out of office. Im listening.
Stupid Stimulus Spending
http://onlinecashonline.com/tag/stupid-government-funded-programs/
Sources: Wall Street Journal, Washington Examiner, LA Times, Milwaukee Wisconsin Journal Sentinel
The auto industry is doing well, and in case you havent heard, Bin Laden is dead.
Yeah, that stimulus really sucked didnt it. factcheck.org
source: link below
http://onlinecashonline.com/tag/stupid-government-funded-programs/
18 Statistics That Prove That The Economy Has Not Improved Since
Barack Obama Became President
Has the economy improved since Barack Obama became the president
of the United States? Of course not. Despite what you may be hearing in the
mainstream media, the truth is that when you compare the U.S. economy on the
day that Barack Obama was inaugurated to the U.S. economy today, there is
really no comparison. The unemployment crisis is worse than it was then, home
values have fallen, the cost of health insurance is up, the cost of gas is way
up, the number of Americans living in poverty has soared and the size of our
national debt has absolutely exploded. Anyone that believes that things are
better than they were when Barack Obama was elected is simply being delusional.
Yes, things have stabilized somewhat and our economy is not in free fall mode
at this point. But don't be fooled. This bubble of false hope will be
short-lived. The problems we are seeing develop in Europe will erupt into
another full-fledged global financial crisis and economic conditions in the
United States will get even worse. When that happens, what possible "
economic solutions" will Barack Obama have for us? We never even came
close to recovering from the last great financial crisis, and now something
potentially even worse is staring us in the face. This is not a great time to
have a total lack of leadership in Washington.
The following are 18 statistics that prove that the economy has
not improved since Barack Obama became the president of the United States....
#1 Today there are 88 million working age Americans that
are not employed and that are not looking for employment. That is an all-time
record high.
#2 When Barack Obama was elected, the percentage of unemployed
Americans that had been out of work for more than 52 weeks was less than 15%.
Today, it is above 30%.
#3 There are 1.2 million fewer jobs in America
today than there were when Barack Obama was inaugurated.
#4 When Barack Obama first took office, the number of
"long-term unemployed workers" in the United States was approximately
2.6 million. Today, that number is sitting at 5.6 million.
#5 The average duration of unemployment in the United States is
hovering close to an
all-time record high.
#6 During the Obama administration, worker health insurance costs
have risen by 23 percent.
#7 Since Barack Obama has been president, the average price of a
gallon of gasoline in the United States has increased by 90 percent.
#8 Since Barack Obama has been president, home values in the United
States have declined by another 13 percent.
#9 Under Barack Obama, new home sales in the U.S. set a brand new
all-time record low in 2009, they set a brand new all-time record low again in
2010, and they set a brand new all-time record low
once again during 2011.
#10 Since Barack Obama took office, the number of Americans living in
poverty has risen by more than 6 million.
#11 Since Barack Obama entered the White House, the number of
Americans on food stamps has increased from 32 million to 46 million.
#12 The amount of money that the federal government gives directly to
Americans has increased by 32 percent since Barack Obama
entered the White House.
#13 According to the U.S. Census Bureau, the percentage of Americans
living in "extreme poverty" is now sitting at an all-time high.
#14 When Barack Obama first took office, an ounce of gold was going
for about $850. Today an ounce of gold costs more than $1700 an ounce.
#15 Since Barack Obama became president, the size of the U.S.
national debt has increased by 44 percent.
#16 During Barack Obama's first two years in office, the U.S.
government added more to the U.S. national debt than the first
100 U.S. Congresses combined.
#17 During the Obama administration, the U.S. government has accumulated
more debt than it did from the time that George Washington took office to the time that
Bill Clinton took office.
#18 The U.S. national debt has been increasing by an average of more than 4
billion dollars per day since the beginning of the Obama
administration.
Oh, but Barack Obama is promising that things will be much better
very soon. Barack Obama is pledging that 2 million more jobs will be added to
the economy in 2012.
Do you believe him?
Congress certainly seems to think that things will be getting
better. Congress has reduced the maximum amount of time that the unemployed can
receive unemployment benefits to 73 weeks. That change will go into
effect later this year.
But there are still millions of very talented Americans that
cannot find work after years of looking.
So what are they supposed to do?
A recent Business Insider article
featured the story of Helen Hatat, a woman from southern California that has
been unemployed since 2009....
She lost her job in public
relationships in 2009 after more than 20 years of working in the entertainment
industry, the Southern California resident said.
"When you don't have a
job, you don't find a job, and when you don't have a job, you don't find a
home," she said.
At first she tried moving into
a homeless shelter, but left because they treated her "like garbage."
Eventually she found a friend she could stay with, but this arrangement won't
last forever.
"I've found you lose
most of your friends, you know. If you have money people love you. If you don't
have any money people hate you. They treat you like you are contagious."
As government finances get tight, things are going to get really
tough for women like her.
When evaluating the health of the American economy, the key is not
to focus on the short-term economic numbers. Sometimes they go up and sometimes
they do down.
Instead, the key is to look at the long-term balance sheet
numbers. When you do that, it quickly becomes apparent how appalling our economic decline has
been.
The size of federal government debt is exploding, state and local governments
all over the country are drowning in debt, our collective national wealth is
decreasing and our ability to produce new wealth is also being reduced as our
economic infrastructure is systematically gutted.
Of course all of the blame should not go to Obama. The truth is
that the Federal Reserve
has much more power over the economy than Obama does. But the American people
are constantly told that the Federal Reserve is "not political" and
that we should not criticize the Fed.
So it is kind of ridiculous that presidents are judged by the performance
of the economy. Yes, Bush, Clinton, Bush and Obama have all greatly contributed
to the mess that we are in, but they are not solely responsible for it.
In the end, however, the outcome of the next presidential election
will probably be very heavily influenced by how the U.S. economy performs
during the rest of 2012.
Sadly, as our economy declines it is bringing out the worst in
many Americans. For example, "sugar daddy" websites are absolutely
exploding in popularity. Young women that are hungry for cash are selling their
"services" to sick older men who are willing to finance the
lifestyles of these desperate young women in exchange for
"companionship".
The following comes from a recent article in The Independent....
In America's booming online
dating market, few sectors are hotter than so-called "sugar daddy"
sites, which help rich men to make "arrangements" with attractive and
financially needy younger women. Between them, these specialist sites now
account for 10 percent of the entire industry. That's no small beans, given
that in the US the online dating business now generates profits estimated at
$700m ($442m) per year and, according to the polling firm GlobeSpan, has helped
just over one in five Americans to find their life partner.
As the economy gets even worse, millions upon millions of
Americans are going to become extremely desperate and will do things for money
that they never dreamed that they would do.
That is a very frightening thing.
America is changing, and not for the better.
You better get ready for what is ahead, because Barack Obama is
not going to save you.
Obama seizes control over all food, farms, livestock, farm equipment, fertilizer and food production across America
(SOURCE: NaturalNews)
http://www.naturalnews.com/035301_Obama_executive_orders_food_supply.html#ixzz1quyhasQL
"We told ya so" just doesn't quite cut it anymore. As the American sheeple
slept, selfishly refusing to take a stand against tyranny, the Obama
administration has been plotting what can only be called a total government
takeover of America
.
On March 16, 2012, President Obama issued an executive order entitled,
"NATIONAL DEFENSE RESOURCES PREPAREDNESS." (http://www.whitehouse.gov/the-press-office/2012/03/16/executive-order...)
This executive order states that the President alone has the authority to take
over all resources in the nation (labor, food, industry, etc.) as long as it is
done "to promote the national defense" -- a phrase so vague that it
could mean practically anything.
Ok, now lets take those same statistics and apply them to W.
See...here's the problem....Bush, Clinton, Bush and Obama all have one thing in common- they came after REAGAN, who is the one who started f**king up the economy. They basically inherited the flaming bag of crap that HE left on their doorstep, and all the rest of them have done thus far is leave it there to burn. Supply-side economics DOES NOT WORK for ANYONE, unless YOU are the billionaire who isn't paying any taxes. Until that phony excuse for an economic "theory" goes the way of the dodo bird, the only thing the rest of these guys are going to do as far as the economy is concerned is to continue to pass the buck down the road....ALL of them. Not Obama. Not Bush.....all of them....
SOURCE: NATURAL NEWS
Secretary of Defense Leon Panetta recently revealed in U.S. Senate
testimony that the Obama administration takes its orders from the UN and
that the U.S. Congress is now null and void. (http://wethepeoplefree.com/constitution/senator-sessions-leon-panetta...)
and (http://www.infowars.com/coup-detat-pentagon-obama-declare-congress-ce...)
It is good to get people back to work. 19% of those working today are make no where near what they were making in the past. Still having a job is better than giving up your self respect and accepting handouts.
Holy CRAP!!! Why isn't MSN on THIS???? MSN you will strike gold with this!
tdarkcabal.blogspot.com/2012/04/april-7-2012-white-hats-report-39.html#comment-form
(clickable link doesn't work, please copy/paste)
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