Showing posts with label Unemployment. Show all posts
Showing posts with label Unemployment. Show all posts

Thursday, September 20, 2012

Nixon (37) plus Carter (39) equals Obama (44)

President Barack Obama tapes the Weekly Address. Image Credit: White House Photo, Sonya N. Hebert (9/14/12)  

Nixon (37) Plus Carter (39) Equals Obama (44)

Many have an opinion about our current President that, unfortunately, is only shaped by pure political team identity or information provided by what the corporate media outlets allow one to become exposed to.

The more one adds up the facts about how this 44th Presidency of Barack Obama conducts itself, one discovers an executive branch that combines the worst elements that have characterized two of the most ineffective and dangerous presidencies of the 20th century.

The latest information to come out through a "Freedom of Information Act" request by the investigative journalist website, the Daily Caller, to review communications from the legal trust-holders that occupy the Department of Justice. What they were able to establish is a direct propaganda based news publishing information link with a not for profit, politically slanted, agitation and propaganda machine funded by George Soros.

This excerpted and edited from the Daily Caller -

Emails reveal Justice Dept. regularly enlists Media Matters to spin press
By Matthew Boyle - Published: 12:56 AM 09/18/2012

Internal Department of Justice emails obtained by The Daily Caller show Attorney General Eric Holder’s communications staff has collaborated with the left-wing advocacy group Media Matters for America in an attempt to quell news stories about scandals plaguing Holder and America’s top law enforcement agency.

Dozens of pages of emails between DOJ Office of Public Affairs Director Tracy Schmaler and Media Matters staffers show Schmaler, Holder’s top press defender, working with Media Matters to attack reporters covering DOJ scandals.
----
Emails sent in September and November 2010 show Schmaler working with Media Matters staffer Jeremy Holden on attacking news coverage of the New Black Panther Party voter intimidation scandal.

Holden attacked former DOJ Civil Rights Division attorneys J. Christian Adams and Hans von Spakovsky on Sept. 20, 2010 for what he called an attempt “to reignite the phony New Black Panther Party scandal.”

Before Holden posted his article at 7:52 p.m., Schmaler sent him several emails with information helping him attack both former DOJ oficials.

“Here’s one Wolf letter,” read the subject of one email Schmaler sent Holden that contained no text. The email was likely a reference to Virginia Republican Rep. Frank Wolf, a member of Congress who led the Republican charge on the New Black Panther Party scandal involving alleged voter intimidation at a November 2008 polling place in Philadelphia.

In response, Holden told Schmaler that “The response to interog 38 is particularly helpful. Thanks!”
----
Breitbart News editor Joel Pollak told The Daily Caller that he thinks Attorney General Eric Holder should resign over, among other things, the Department of Justice’s collusion with left-wing advocacy group Media Matters to discredit him.

Emails TheDC obtained through a Freedom of Information Act request and published Tuesday show DOJ Office of Public Affairs director Tracy Schmaler, Holder’s top press defender, and Media Matters staffers working together to attack reporters covering DOJ scandals.

“On the one hand, it’s a badge of honor,” Pollak said of being one of the targets of the collusion. “The cool conservatives make the Obama administration’s enemies list. On the other hand, it is shocking.”

“I was surprised enough when I witnessed the same thing happening in a democratic South Africa,” Pollak added, referencing a column he wrote for Breitbart.com on how he was accused by the South African government of being an Israeli Mossad spy for criticizing the country’s policies toward Israel when he lived there. “It is shocking to see such thuggery here at home.”

“Holder should resign over this alone,” Pollak said.
[Reference Here]


An Executive Branch "administration's enemies list" was something that had only surfaced, and was proven to be carried out during the Nixon Administration. "Tricky Dick" Nixon was extremely secretive and insatiable about control over what messages were released or printed about the administration from the media.

Richard Nixon was forced to resign as president through the cover up of circumstances surrounding the knowledge of a break in of Democrat political party business offices at the Watergate hotel and business complex in order to get strategy information for an upcoming election. The election went forward, Richard Nixon was re-elected, but the information about the Watergate break in led back to the oval office and soon a resignation was in order or an impeachment process would have been pursued.

It's these fear and manipulation factors that characterized the Nixon years that are finding their way into coloring the nature of the 44th Presidency of Barack Obama.

Additional similarities to the Nixon Administration are coming to light through the "Fast and Furious" gun running operation put in place by the DoJ to try and develop information on which this administration could make a case to limit 2nd Amendment rights.

House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., who along with Sen. Charles Grassley led the charge on Capitol Hill to investigate the [Fast and Furious] operation, said Wednesday that the report "confirms" congressional findings "of a near total disregard for public safety" in the program.

"Contrary to the denials of the Attorney General and his political defenders in Congress, the investigation found that information in wiretap applications approved by senior Justice Department officials in Washington did contain red flags showing reckless tactics and faults Attorney General Eric Holder's inner circle for their conduct," he said.

In an interview with Bret Baier on 'Special Report' Wednesday, and reaffirmed in an interview on Fox and Friends this morning, Issa said that the report was good overall, but questions remain about a cover-up [by people inside Eric Holder's DoJ and the Obama Administration].

Here, at Carter's Second Term and Politisite, we have already covered the similarities that the 44th Presidency has many of the hallmarks of economic failure and inept international leadership through policies that just do not work as they are intended to work.

Anti-American protests break out in the Middle East: U.S. diplomatic compounds came under attack Tuesday in Egypt and Libya, where U.S. envoy Christopher Stevens (pictured above), and three other U.S, diplomats were murdered. Image Credit: Washington Post  

This excerpted and edited from Carter's Second Term - 

Barack Obama's Pursuit Of Carter's Second Term Is In Full Effect
By Edmund Jenks - Published 9/12/12 8:22 AM

Outside of a really, really bad economy (two credit service downgrades and an additional 6 trillion dollars of debt in only 4 years) and inept public sector leadership (44 months of over 8% unemployment with a net -350,000 jobs created since taking office), the one thing that the 39th Presidency of Jimmy Carter principally known for is direct attacks by Islamist mobs against American embassies in the Middle East.

Today, Americans are waking up with news on Google, cable, TV, and what few newspapers folks read anymore, to the news that U.S. Embassies in Cairo, Egypt and Benghazi, Libya were over run by mobs and a U.S. Ambassador to Libya John Christopher Stevens and three other American diplomats have been killed Tuesday in the assaults.

No official comment has come from the 44th President of the United States, Barack Obama. U.S. Secretary of State Hillary Rodham Clinton condemned the attack “in the strongest terms.” She said she had called Libyan President Mohamed Yusuf al-Magariaf “to coordinate additional support to protect Americans in Libya.”

So this is where our "Lead From Behind" foreign policy has led us and it is time for an immediate change. Clint Eastwood said it best at the Republican National Convention held in Tampa, Florida a couple of weeks ago when he spoke into the microphone these words - "Whether you are a Democrat or Republican or whether you're libertarian or whatever, you are the best.  And we should not ever forget that. And when somebody does not do the job, we got to let them go."
[Reference Here]

When one adds all of this, and more, up ... 37 + 39 = 44 ... one comes away with a clearer picture of what is going on than what a pure mathematical answer can provide.

We, at Carter's Second Term, simply call this OBAMAth!


** Article first published as Nixon (37) Plus Carter (39) Equals Obama (44) on Technorati **

Friday, August 3, 2012

44th Presidency’s July 2012 Jobless Report Via Twitter

Disturbing, yet not unexpected, trend. Image Credit: statspotting.com 

44th Presidency’s July 2012 Jobless Report Via Twitter 

The following entries were placed on Twitter at 140 characters or less in reaction to the announcement of July 2012 employment (unemployment) statistics gathered and published by this 44th Presidency of Barack Obama.  Some contain links to additional information and published reports about this release of these July statistics.

Edmund Jenks @TheEDJE
July jobless report, due to changed next Thursday, is 163,000 jobs filled and joblessness increases to … 8.3% – U6 @ 15% #tcot #tlot #p2

Edmund Jenks @TheEDJE
RT @keder: Oh, the Obama economy still sucks? Color me shocked#ObamaIsntWorking #forward #tcot #tlot#p2 #ocra #gop #teaparty @rushlimbaugh

Edmund Jenks @TheEDJE
RT @jimgeraghty: Economy since autumn 2008: Crappy. Economy today: Crappy. Economy for foreseeable future: Crappy#tlot #tcot @rushlimbaugh

Edmund Jenks @TheEDJE
RT @RBPundit: 42 straight months of unemployment over 8% and Team Obama wants to hike taxes. These people aren’t serious #tlot @rushlimbaugh

Edmund Jenks @TheEDJE
RT @CNNMoney: 3 years after recession ended, roughly 12.8M remain unemployed & 40.7% of them have been for 6+ moscnnmon.ie/QJBdLQ #tcot

John Nolte @NolteNC
OHMYGAWD: “Uptick of 1 point in unemployment is a good thing.” –MSNBC

Norsu @Norsu
RT @RomneyResponse: HEADLINE from the @BarackObama Economy “US factory orders fell 0.5 percent in June”:bit.ly/Rd1Jzc #ugh #p2 #tcot

Rory Cooper @rorycooper
Hey Harry Reid, a guy told me unemployment is at 8.3% and you want to raise taxes instead of passing a budget. True?

Gunservatively @Gunservatively
Mark Levin: It’s not about trickle down, its about an iron-fisted authoritarian govt imposing its will on a free peopletherightscoop.com/mark-levin-its…

Speaker John Boehner@SpeakerBoehner
Any job creation is welcome news, but w/42 months of unemployment above 8%, it’s insane to raise taxes on #smallbizj.mp/OMpux3

Business Insider @businessinsider
MITT ROMNEY: The Jobs Report Is A ‘Hammer Blow To Struggling Middle-Class Families’ by @BrettLoGiuratoread.bi/OFsvM1

Stephen Green @VodkaPundit
When the fictional B/D number gets revised downward next month, July’s 100k “consensus” #jobs number will end up being pretty spot-on.

Alex Schriver @AlexSchriver
Unemployment for 18-24 remains high at 15.3%. Ticks up for 18 and 19 year olds to 22.2%. (via @KLSoltis)

MaxCUA @MaxCUA
Obama ”media”: Unemployment “UNEXPECTEDLY” UP, Factory Orders “UNEXPECTEDLY” Down, Car Sales “UNEXPECTEDLY” Downfinance.townhall.com/columnists/mik…
ENDS

Friday, July 6, 2012

Obama Administration Delivers Another Swift Kick To The Gut

"Middle class is also an attitude. It's not just about income, it's about knowing what's important, and not measuring your success just based on your bank account ... It's about your values, and being responsible, and looking after each other, and giving back." - President Obama speaking in Parma, Ohio. Image Credit: BarackObama.com

 Obama Administration Delivers Another Swift Kick To The Gut

The economy added 80,000 jobs last month, the Labor Department reported Friday, after a revised increase of 77,000 in May. The unemployment rate remained at 8.2 percent.

Economists are expecting tepid job growth for the rest of the year, too.

Soon after the June unemployment numbers were announced, Mitt Romney made the following live statement from Wolfeboro, N.H., where he and his family were vacationing.,  “This is a time for Americans to choose whether they want more of the same, it doesn’t have to be this way. America can do better. And this kick in the gut has to end.”

Real unemployment, when judged factoring in with those who have given up looking for work, but want to work - 10.1%.

President Barack Obama campaign spokesman Ben LaBolt responded in a statement.

“The President brought us back from the brink of another Depression but he doesn’t believe our work is done -- he’s got a plan to restore the middle class and create a million jobs now that Mitt Romney opposes and Republican leaders have blocked," LaBolt's statement read in part. "Mitt Romney says he has a better path, but over the past decade we saw where that took us -- to the slowest job growth since World War II, the collapse of our financial system and the deterioration of the middle class."

President Obama, on the second day of his campaign buscapade across Ohio and Pennsylvania, told supporters the creation of 80,000 jobs last month is "a step in the right direction," albeit a small step. This number barely covers the growth in population let alone the number of jobs it would take to begin a track for recovery and growth ... that number is in access of 300,000 jobs (look it up).

Little responsibility is taken by this 44th Presidency or its Administration, even though the policies they pursue continue and deepen this self-inflicted economic downturn on the American economy.

This excerpted and edited from a Mitt Romney 2012 press release -

Broken Record, Broken Promises
Mitt Romney Press | July 6, 2012

Today, the Obama Administration told Americans “not to read too much into” monthly jobs reports.
As it turns out, they’ve been encouraging Americans to do that for years. But after 41 straight months of unemployment over 8%, you don’t have to read between the lines to see the truth. President Obama’s policies have failed to get America working again.

June 2012: “Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.” (LINK:http://www.whitehouse.gov/blog/2012/07/06/employment-situation-june)

May 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK:http://www.whitehouse.gov/blog/2012/06/01/employment-situation-may)

April 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK:http://www.whitehouse.gov/blog/2012/05/04/employment-situation-april)

March 2012: “Therefore, it is important not to read too much into any one monthly report, and it is helpful to consider each report in the context of other data that are becoming available.” (LINK:http://www.whitehouse.gov/blog/2012/04/06/employment-situation-march)

February 2012: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign.” (LINK: http://www.whitehouse.gov/blog/2012/03/09/employment-situation-february)

January 2012: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign.” (LINK: http://www.whitehouse.gov/blog/2012/02/03/employment-situation-january)

December 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2012/01/06/employment-situation-december)

November 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/12/02/employment-situation-november)

October 2011: “The monthly employment and unemployment numbers are volatile and employment estimates are subject to substantial revision. There is no better example than August’s jobs figure, which was initially reported at zero and in the latest revision increased to 104,000. This illustrates why the Administration always stresses it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2011/11/04/employment-situation-october)

September 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/10/07/employment-situation-september)

August 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/09/02/employment-situation-august)

July 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/08/05/employment-situation-july)

June 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/07/08/employment-situation-june)

May 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/06/03/employment-situation-may)

April 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/05/06/employment-situation-april)

March 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/04/01/employment-situation-march)

February 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/03/04/employment-situation-february)

January 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/02/04/employment-situation-january)

December 2010: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/01/07/employment-situation-december)

November 2010: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/12/03/employment-situation-november)

October 2010: “Given the volatility in monthly employment and unemployment data, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/11/05/employment-situation-october)

September 2010: “Given the volatility in the monthly employment and unemployment data, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2010/10/08/employment-situation-september)

July 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.  It is essential that we continue our efforts to move in the right direction and replace job losses with robust job gains.” (LINK: http://www.whitehouse.gov/blog/2010/08/06/employment-situation-july)

August 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/09/03/employment-situation-august)

June 2010: “As always, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/07/02/employment-situation-june)

May 2010: “As always, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/06/04/employment-situation-may)

April 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/05/07/employment-situation-april)

March 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/04/02/employment-situation-march)

January 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/02/05/employment-situation-january)

November 2009: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2009/12/04/employment-situation-november)
[Reference Here]

The last three employment snapshots released by the Labor Department have been persistently weak, and marked a distinct slowdown from earlier in the year. In the latest report, the department said employers added a meager 80,000 jobs in June, leaving the unemployment rate unchanged at 8.2 percent. The number of jobs added in June was lower than expected, and rounded out a poor second quarter for 2012.

The average number of monthly jobs created in the first quarter of the year was 226,000 ... by contrast, that average in the second quarter was just 75,000.

Dismal June job figures could also prompt the Federal Reserve to take further action to try to boost the economy. The Fed last month downgraded its economic outlook for 2012. It predicted growth of just 1.9 percent to 2.4 percent for the year and little change in the unemployment rate.

All of this points out that after nearly four years of a central government expansion of debt and tinkering during Carter's Second Term, the best the Obama Administration can do is deliver another swift kick to the gut in a long line of kicks to the gut on the American people and the economy they have to live in.

Thursday, June 14, 2012

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.
----
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.
----
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 **

Friday, July 8, 2011

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.
----
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.
----
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)

Friday, June 3, 2011

Mitt Romney And The Era Of Jimmy Carter

Stagflation, the worst of both worlds (anemic economic growth and high inflation) brings back less than fond memories of the 1970's, along with the misery index, which is calculated adding the inflation rate to the unemployment rate. Until the 1960's, Keynesian economists had thought that those two economic events couldn't happen at the same time. Image Credit: Copyright Free via myfreedompost.com

Mitt Romney And The Era Of Jimmy Carter

Welcome home to the era of Jimmy Carter as experienced here in Los Angeles and the rest of the nation. Half of our population never lived through the era and presidency of Jimmy Carter - where inflation and recession existed side-by-side which, in economic theory anyway, is not supposed to happen on the "Bell Curve". Where long lines of 30 or more cars formed around the street corners of gas stations and the ODD, EVEN gas rationing plan in Los Angeles was implemented because our supplies at the pump were allowed to become constrained.

Today, the unemployment numbers were just released and we are looking at a second summer where a double dip recession is a real possibility. A 9.1% unemployment rate was just announced for this last month (May 2011) and we know that this number will be adjusted upward as virtually all numbers released during this 44th Presidency have been manipulated to the media. Meanwhile, fuel prices fluctuate, policies get implemented without warning, and this Executive Branch leads with a high level uncertainty that promotes a sense of instability further antagonizing the fragility of our economic environment.

The Obama Administration, Democrat, and Republican ruling class leadership continue tell anyone that is in earshot that our best days are behind us and ask that we sacrifice any income to devote toward additional taxation. All the while, trillion dollar spending appropriations are passed, and 100 billions of dollars takeovers of large segments of our corporate manufacturing marketplace are made, kicking investors to the back of the line on the recognition of their ownership stake (possibly against American business law statutes) and turning these enterprises over to a shared control with employee unions ... who give dues money back to these politicians to finance their re-election campaigns.

This week in New Hampshire, Mitt Romney announced his candidacy to become the 45th President of the United States and unseat this current regime. We, at Carter's Second Term, would become excited but one has to ask ... where has Mitt been over these last two and a half years, to lead the push back, when we all have had to endure leadership without debate, transparency, capitalism, and an attitude of service to the freedom-loving people who are the nation (not the ruling class that think the Government exists to serve them).

Mitt Romney announces he is running for president, Thursday, June 2, 2011, during a campaign event at Bittersweet Farm in Stratham, N.H.. Image Credit: FNC

This excerpted and edited from 4president.org -

Mitt Romney 2012 Presidential Campaign Announcement Speech

June 2, 2011, Stratham, New Hampshire, Remarks As Prepared For Delivery #mitt2012

Thank you for coming. And I want to thank Doug and Stella Scamman for hosting us on their beautiful farm.

You know, everyone here today can tell a different story. We have different backgrounds and we wake up in the morning and go to different jobs … or, look for different jobs. We go to different churches or maybe don't go to church so much. I bet some of you have families who go back 200 years or more in New Hampshire. And there must be some who just snuck in across the border, from Massachusetts. I hear the taxes are better over here.

But here we are on a beautiful June day coming together to begin a process that we often, quite naturally, take for granted. But it is really one of the great achievements in the history of the world. For all of our country’s wealth and influence, those are not the source of our greatness. The true strength of America is self-rule, and a government that answers to a free and independent people.

We live in the most powerful nation that ever existed. And it all goes back to a few men and women who had the courage to stand - and even die - for their belief in liberty and equality. Because of their vision, the United States of America is not ruled by a monarchy or controlled by an aristocracy. Though sometimes folks in Washington might act otherwise, we don't have a House of Lords with inherited power. And as the Red Sox like to remind the New York Yankees, there are no dynasties in America.

Who rules this great nation?

You do. Every four years you decide who will give that State of the Union address, who will set the course of the country, who will be Commander in Chief.
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A few years ago, Americans did something that was, actually, very much the sort of thing Americans like to do: We gave someone new a chance to lead; someone we hadn't known for very long, who didn't have much of a record but promised to lead us to a better place.

At the time, we didn't know what sort of a President he would make. It was a moment of crisis for our economy, and when Barack Obama came to office, we wished him well and hoped for the best.

Now, in the third year of his four-year term, we have more than promises and slogans to go by.

Barack Obama has failed America.

When he took office, the economy was in recession. He made it worse. And he made it last longer.

Three years later, over 16 million Americans are out of work or have just quit looking. Millions more are underemployed.

Three years later, unemployment is still above 8%, a figure he said his stimulus would keep from happening.

Three years later, foreclosures are still at record levels.

Three years later the prices of homes continue to fall.

Three years later, our national debt has grown nearly as large as our entire economy.

Families are buried under higher prices for food and higher prices for gasoline.

It breaks my heart to see what’s happening in this country.

These failing hopes make up President Obama’s own misery index. It’s never been higher. And what’s his answer? He says this: “I’m just getting started.”
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President Obama sees a different America and has taken us in a different direction.

A few months into office, he travelled around the globe to apologize for America.

At a time of historic change and great opportunity in the Arab world, he is hesitant and uncertain. He hesitated to speak out for the dissidents in Iran, but his Administration boasts that he is “leading from behind” in Libya.

He speaks with firmness and clarity, however, when it comes to Israel. He seems firmly and clearly determined to undermine our longtime friend and ally. He’s treating Israel the same way so many European countries have: with suspicion, distrust and an assumption that Israel is at fault.
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With the economy in crisis, his answer is to borrow money we can't afford and throw it at Washington bureaucrats and politicians. Just like Europe.

Instead of encouraging entrepreneurs and employers, he raises their taxes, piles on record-breaking mounds of regulation and bureaucracy and gives more power to union bosses.

Instead of recognizing the states rightful authority to solve problems, he seizes power from them and rams through a disastrous national health care plan.

This President's first answer to every problem is to take power from you, your local government and your state so that so-called “experts" in Washington can make those choices for you. And with each of these decisions, we lose more of our freedom.
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President Obama’s European answers are not the right solution to America’s challenges.

In the campaign to come, the American ideals of economic freedom and opportunity need a clear and unapologetic defense, and I intend to make it—because I have lived it.
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Government under President Obama has grown to consume almost 40% of our economy. We are only inches away from ceasing to be a free market economy. I will cap federal spending at 20% or less of the GDP and finally, finally balance the budget.
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I will insist that Washington learns to respect the Constitution, including the 10th Amendment. We will return responsibility and authority to the states for dozens of government programs – and that begins with a complete repeal of Obamacare.

From my first day in office my number one job will be to see that America once again is number one in job creation. You know, if you want to create jobs, it helps to have had a job. I will make business taxes competitive with other nations, modernize regulations and bureaucracy and finally promote America’s trade interests. It’s time for a president who cares more about America’s workers than he does about America’s union bosses.
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The spirit of enterprise, innovation, pioneering and can-do propelled our standard of living and economy past every other nation on earth.

I refuse to believe that America is just another place on the map with a flag. We stand for freedom and opportunity and hope.

These last two years have not been the best of times. But while we’ve lost a couple of years, we have not lost our way. The principles that made us a great nation and leader of the world have not lost their meaning. They never will.

We know we can bring this country back.

I'm Mitt Romney. I believe in America.

And I'm running for President of the United States.
[Reference Here]

The speech reads pretty good, and if one were to judge a candidate on a speech ... one would be doing themselves a disservice.

There are three problems with Mitt Romney as a decent protector of what is good about American Freedom.

First off, he is on record supporting Ethanol subsidies to farmers ... THIS is not a smaller Government perspective.

Secondly, he has not, or will not disavow his mistake in promoting Romney Care. Sure, he says that this is an issue for State Governments to decide, but again, tackling from a public sector stance is also not a smaller Government perspective.

The final and third point came today in the town hall meeting in New Hampshire when he made a statement in support of the concept that Earth climate change is a product of Human activity - "I believe the world is getting warmer, and I believe that humans have contributed to that. /// And so I think it’s important for us to reduce our emissions of pollutants and greenhouse gases that may well be significant contributors to the climate change and the global warming that you’re seeing," said Mitt Romney at a New Hampshire town hall meeting, according to Reuters.

The history of mathematical fraud is clear and it all came to light around November 2009 when internal emails were exposed "Wikileaks" style and proved that the "Hockeystick" effect - that had been published and re-affirmed in subsequent studise tying human activity to Global Warming - by the University of East Anglia located in England was trumped up in order to get more grants from the United Nations and other invested resources.

So, lets say Romney replaces Obama who is in current control of a radicalized EPA which is in the process of implementing "Cap & Trade" style policies. Will Romney feel inclined to shut it down? The easy answer is NO - Mitt Romney is in favor of Government helping to control/regulate carbon emissions.

One last Carbon understanding - of all greenhouse gases that exist, Carbon Dioxide is one of the least abundant at 40 parts in 10,000 parts. To bring this fact into clear thinking, imagine a basketball stadium has 10,000 seats filled with greenhouse gas particles - how many of these seats of greenhouse gas would be filled with CO2 particles? - Answer, only 40.

Three strikes ... and Mitt Romney is out - and sitting in the bleachers with Newt Gingrich ... here, during Carter's Second Term .