Pres. Obama's Reality Land Happens On Thursdays

Claims for jobless benefits UNEXPECTEDLY (yeah, as if!) climbed by 6,000 to 386,000 in the week ended June 9 from a revised 380,000 the prior week that was more than first estimated, Labor Department figures showed today in Washington. Economists projected claims would fall to 375,000, according to the median estimate in a Bloomberg News survey. Image Credit: Jessica Rinaldi/Reuters

Pres. Obama's Reality Land Happens On Thursdays

With yet another revised release of information on Thursday ... the Thursday AFTER the Friday release of economic indicators found in employment and additional Government assistance, the news is always worse than reported. It is good during this 44th Presidency to never focus on the Friday numbers but to focus always on these Thursday numbers because they are almost always at least 15% more realistic.

Everyone fudges in politics but the Obama Administration has brought this process to an art of habit. Unemployment or other economic information is initially released and then this information is almost always revised by at least 15% or more in an additional negative direction ... in other words the information is WORSE than originally reported.

This excerpted and edited from Fox News -

US unemployment aid applications rise to 386K
Published June 14, 2012 - Associated Press

More Americans sought unemployment aid last week, suggesting hiring remains sluggish.

The Labor Department said Thursday that weekly unemployment benefit applications rose 6,000 to a seasonally adjusted 386,000, an increase from an upwardly revised 380,000 the previous week.

The four-week average, a less volatile measure, rose for the third straight week to 382,000. That's the highest in six weeks.

Weekly applications are a measure of the pace of layoffs. When they drop below 375,000, it typically suggests hiring is strong enough to reduce the unemployment rate.

"The trend in jobless claims suggests ... that the underlying pace of employment growth has softened," said Bricklin Dwyer, an economist at BNP Paribas.

Applications fell steadily during the fall and winter but have since leveled off.

At the same time, hiring has slowed, raising concerns about the pace of the recovery. Employers added an average of only 96,000 jobs per month in the past three months. That's down from an average of 252,000 in the previous three months.

Weaker hiring also pushed up the unemployment rate in May to 8.2 percent, its first rise in nearly a year.
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The total benefit rolls fell to 5.8 million in the week ending May 26, the latest data available. That's a drop of 146,000 from the previous week.
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For now, the economy appears to be sputtering. It expanded 1.9 percent in the first quarter, down from 3 percent in the October-December quarter. Growth isn't expected to improve much in the current April-June quarter.

Consumers remain cautious. Retail sales fell 0.2 percent in May, the Commerce Department said Wednesday, matching April's decline. It was the first back-to-back drop in two years.
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The economy is still struggling three years after the recession officially ended in June 2009. Wages haven't kept up with inflation. State and local governments have continued to shed jobs.

The United States has regained less than 3.8 million [not the 4.4 million claimed by Pres. Obama in a press conference last week], or 43 percent, of the 8.8 million jobs lost during and immediately after the recession.
[Reference Here]

When the information has to do with monthly reporting figures, the true reporting of the figures happens about one-month later ... the same thing happens with quarterly economic indicators. Why can not the Federal Government report more truthful information at the original time the report is due? An adjustment within say, 5% or so can be understood and dismissed but a consistent miss-statement of information that is off by 15% or more is not understandable or should never be dismissed.

In a President Obama world, known here as Carter's Second Term, any report that has the possibility of a regressive or negative trend should never be taken as first reported. In fact, the trust in this 44th Presidency to be honest with the American people has eroded to the point that everything this executive branch and its bureaucracies report can never be relied upon as based in reality ... this only happens in revision.


** Article first published as Pres. Obama's Reality Land Happens On Thursdays on Technorati **

Obama Job Speech Viewership Off By Over 25% - Down 11 Million

President Barack Obama outlines the details of the American Jobs Act during an address to a Joint Session of Congress in the House Chamber of the U.S. Capitol in Washington, D.C., Sept. 8, 2011. Image Credit: Official White House Photo by Lawrence Jackson

Obama Job Speech Viewership Off By Over 25% - Down 11 Million

President Barack Obama calls for a speech in front of a joint session of Congress (both the House of Representatives and members of the Senate in attendance - 535 members) in order to stem the tide of failure of his 44th Presidency. The only problem is that every one in the room (and apparently outside the room as well) knew that this President had nothing else new to add.

After asking for, and getting an increase in Government spending (read that as taxpayer funded borrowing) of about 2.5 Trillion dollars that included ObamaCare, Stimulus, Omnibus, with the corporate takeovers of General Motors and Chrysler ... then fighting for, and getting an increase in the Debt Ceiling by another 2.5 Trillion Dollars earlier this summer ... this President had the gall to ask Congress to grant him another 1/2 Trillion Dollars of "Jobs" spending (read this as "son of stimulus"). He not only asked for this spending, he insisted on it saying "Pass This Bill" 17 (seventeen) times throughout his speech.

Fewer citizens than ever are buying what this most progressive and most divisive Chief Executive our country has ever elected has to say. Most citizens know why and it is simple ... this President got voted into office on fiscal prudence, no earmarks, transparency in the processes of law and bill creation (72 hour internet posting of all proposed bills before any vote), and unity ... with not one promise pursued once this man took office on January 20, 2009.

President Barack Obama watches a monitor in House Speaker John Boehner’s Ceremonial Office at the U.S. Capitol in Washington, D.C., before addressing a Joint Session of Congress on jobs and the economy, Sept. 8, 2011. Image Credit: Official White House Photo by Pete Souza

Gotta' love the way the mainstream outlet of USA Today spins the reduced numbers of the viewing audience with this following excerpted and edited article -

Obama's jobs speech draws 31.4M viewers
By David Jackson, USA TODAY

The Nielsen ratings people are reporting that 31.4 million television viewers watched President Obama's jobs speech on Thursday evening.

That is more than 10 million less viewers than for Obama's State of the Union addresses, and other major speeches.

Other Obama speeches have been delivered in prime time; the jobs speech was at 7 p.m., after negotiations with Congress and concerns about bumping into the opening game of the National Football League season.
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Obama's State of the Union address in January drew 42.8 million viewers, according to Nielsen.

By contrast, Obama's March address on military action in Libya had on 25.6 million TV viewers.

Obama's most watched speech: His May 1 announcement about the death of Osama bin Laden, seen by 56.5 million television viewers.
[Reference Here]

The most watched televised speech that President Barack Obama delivered was the announcement that al Qaeda leader Osama bin Laden was tracked down and killed. An effort he appropriately claimed that he green-lighted, but played up the fanfare (and released way to many mission details) as if he should have the major share of the credit.

This nation had been looking for "UBL" for nearly 15 years (Clinton, Bush, and Obama presidencies) with the last 10 having the intent on ending his life. This Chief Executive was the man that happened to be the one on the watch and we are thankful he did not stand in the way of a mission accomplished.

Obama's foray as Commander-In-Chief in directing our troops into harm's way, on the other hand, had its vote by the citizens with his lowest viewership ratings.

Why can not USA Today (as well as other mainstream media outlets) be more honest in the way it reports the viewership numbers here during Carter's Second Term?

We'd love to see a headline like this:

Obama's jobs speech suffers a viewership downgrade on the heels of a U.S. Credit Rating downgrade

O-U-C-H! - This has not been a very successful third summer of the 44th Presidency of the United States.


[Article first published as Obama Job Speech Viewership Off By Over 25% - Down 11 Million on Technorati]

Unemployment In Barack Obama's Economy - The Masters Of Disaster

President Obama addresses the need to reduce the nation’s deficit while creating jobs across the country and wishes Americans a happy Fourth of July. Image Credit: whitehouse.gov

Unemployment In Barack Obama's Economy - The Masters Of Disaster

Today, the government's reporting of the June 2011 unemployment numbers came out. As always, the mainstream media, who blatantly support our current political leadership, reports these numbers out as ... unexpected, well below economists' expectations, a continuing "soft patch", and a disappointing downturn.

The fact of the matter is that this jobs report of only 18,000 new jobs created in an economy where just to keep up with population increases needs to add 150,000 per month and to start to recover back to the levels of unemployment set to before this economic downturn (and get it back within five years) of 350,000 jobs in the private sector per month. Of course the government constantly under reports these numbers so it could be less than the 18,000. The growth of 54,000 jobs previously reported for May 2011 was revised down today to just 25,000. Using this habit of softening the ugly blow of FAILURE through under-reporting, the numbers released today may be revised even more downward to about 8,500 or so.

In the first ever Twitter Town Hall at the White House, President Obama answers your questions (of 140 characters or less) on jobs and the economy and asks for your feedback on reducing the deficit. Image Credit: whitehouse.gov

This excerpted and edited from The Los Angeles Times -

Dismal jobs report shows unemployment rising to 9.2%
July 8, 2011 | 6:19 am

The U.S. employment picture went from bad to ugly last month as employers added almost no new net jobs and the unemployment rate edged up for the third straight month, to 9.2%.

The report Friday from the Labor Department is sure to be a huge disappointment and will raise fresh questions about the sustainability of the recovery, now technically starting its third year.

Analysts had raised their job-growth forecasts for June to 100,000 or more in recent days, hopeful of a rebound after surprisingly few job gains in May, which many attributed to temporary factors such as Japan's earthquake and the spike in oil prices.
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The unemployment rate, meanwhile, ticked up to 9.2 from 9.1% in the previous month and this year’s low of 8.8% in March. Many thousands of people in June dropped out of the labor force, some presumably because of the discouraging outlook.

Friday’s jobs report was remarkable in that there was nothing positive in it.
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Even for those with jobs in June, there was bad news. The average weekly work hours declined by 0.1 to 34.3. And the average hourly earnings for all private-sector employees dropped by one cent to $22.99.

"It's just an across-the-board retreat," said Heidi Shierholz, a labor economist at the Economic Policy Institute. So bad was the report, she found it hard to describe it and its portent for the future. "This is two months of really scary reports."
[Reference Here]

Of course, Obama adviser David Plouffe said that two days before the June jobs report was released that economists anticipate 100,000 or 125,000 jobs to be added that month. After hearing the 18,000 number, Plouffe claimed (as quoted by Bloomberg), "The average American does not view the economy through the prism of GDP or unemployment rates or even month jobs numbers."

"People won't vote based on the unemployment rate, they're going to vote based on: 'How do I feel about my own situation? Do I believe the president makes decisions based on me and my family'," Plouffe continued.

Austan Goolsbee, chairman of the White House Council of Economic Advisers, said in a recent interview on Bloomberg TV, “We want to be for any policies that are going to help incentivize and stand up the private sector to drive the recovery.”

I have a suggestion to Masters Goolsbee, Obama, and Plouffe, why don't we get the weight of the Government to "Stand Down" so that the private sector can "Stand Up" and begin to create the recovery from the overbearing socialist agenda this 44th Presidency has implemented since taking office Jan. 20, 2009.

Barack Obama, David Plouffe, and Austin Goolsbee are just the beginning in the naming of the economic masters of disaster in this era of United States economic failure here in Carter's Second Term.


(Article first published as Unemployment In Barack Obama's Economy - The Masters Of Disaster on Technorati)

Taxpayers and the Obama nuclear agenda

At Halias technologies, we develop advanced computer systems that meet our clients' specific requirements. Our team has an extensive experience in scientific computing for industry as well as in software engineering. We have experience in Oil and Gas, Energy and Micro-electronics. Caption & Image Credit: Halias Technologies

Taxpayers and the Obama nuclear agenda

The Obama administration, yesterday, pledged $8.3 billion, taxpayer backed loan guarantee to support the construction of two nuclear reactors in Georgia. This would represent activity on the first new U.S. nuclear plants in more than three decades at a time we do not have any money to loan.

The monies are being loaned with a condition - the amount of credit subsidy that nuclear developers must pay to the government to cover the risk that a project is not completed and the government has to repay the project's lenders. Industry officials have said an upfront credit subsidy payment of 1 to 2 percent of the loan amount would be manageable, but a significantly higher number would kill the proposed new reactor projects.

Simply stated this, condition to be worked out, removes the free-market investor from the risk side of the equation and transfers it to the taxpayer if the nuclear projects were to default.

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This excerpted and edited from The New York Times -

DOE Delivers Its First, Long-Awaited Nuclear Loan Guarantee
By PETER BEHR of ClimateWire - Published: February 17, 2010

Administration climate adviser Carol Browner said yesterday that the Energy Department's preliminary commitment to Southern Co. and its partners in the $14 billion Plant Vogtle development was hopefully "the first of many new nuclear projects."
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Yesterday's anticipated announcement produced the political anomaly of a Democratic president being cheered by the nuclear power industry for supporting nuclear's long hoped-for revival, while being condemned by nuclear power opponents on the left for putting billions of taxpayer money at risk. The program stalled during the Bush administration, and Southern Co. CEO David Ratcliffe said yesterday that there were times he lost hope for it.
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The guarantee "is a dirty and dangerous distraction from the clean-energy future the president promised America," said Jim Riccio, nuclear policy analyst at Greenpeace.

The administration's unreserved backing of a group of advanced design reactor projects reflects the conviction of President Obama and key aides that the nation cannot reach its goals for reducing carbon emissions from power plants without a bigger contribution from nuclear power, officials say.
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Southern and its partners, Oglethorpe Power Corp., the Municipal Electric Authority of Georgia, and Dalton Utilities, have 90 days to conclude the agreement announced yesterday. The guarantees would not take effect until the NRC approves operating licenses for the reactors.
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Doug Koplow of Earth Track Inc., in a paper published last year by the Nonproliferation Policy Education Center, said loan guarantees could reduce nuclear plant financing costs by $500 million a year. "These savings are not 'free' money, as the industry likes to portray them," he said. "Quite the contrary: the savings to a specific industrial facility arise because their business risk is being moved from the investors who will profit from the new reactor to ... taxpayers. It is clearly a good deal for the nuclear industry; far less clear is how the taxpayer is benefiting."

Nuclear power critics assert that there is a substantial risk that the new projects will default, citing a Congressional Budget Office study that estimated a 50 percent likely failure rate. The CBO study, however, was made in 2003, before the loan guarantee program was created. The failure rate calculation assumes that nuclear power from new plants could not complete economically against generating plants fired by coal or natural gas. It did not consider whether future climate policies would make coal or natural gas generation more expensive, or whether environmental regulations would force the closure of coal plants.
Reference Here>>

The biggest risk for the investor and the taxpayer is not if a nuclear power plant goes into default ... however large this may become. The biggest risk comes as to where does one would put the nuclear waste now that the Obama Administration has shut down the only site where the nuclear waste could be deposited - Yucca Mountain, Nevada.

So, the Obama Administration fronts our money to promote nuclear development and prime the pump but PLUGS the valve on the waste this completed development would create thereby insuring a default of process!

And as the last sentence of the article reference states --- "It [the taxpayer loan commitment] did not consider whether future climate policies [of Carol Browner and the Obama Administration's EPA] would make coal or natural gas generation more expensive, or whether environmental regulations would force the closure of coal plants.

This nuclear agenda all adds up to a chaos being created in our country's energy sector by the Obama Administration to pair up with the chaos they have already created in our economic sector. Even Carter could not envision this kind of subversive control and command of chaos on behalf of the progressive/liberal political agenda!