Tag Archives: Unemployment

The Jobs Spin

Watch this and then read below!

http://www.foxnews.com/politics/2012/11/02/unemployment-rate-rises-to-7-percent-economy-add-171000-jobs/

A few thoughts that will make you question the government jobs spin:

First the stats on 11/02/08:
Officially unemployed = 10,563,275 Actual unemployed* = 13,558,658
Food Stamps Recipients = 32,659,311

Compared to the stats today:
Officially unemployed = 11,992,107 Actual unemployed* = 22,645,113
Food Stamps Recipients = 47,109,282* = includes those who have given up

So in summary we are being told that the percentage of unemployment based only on the official number is within 0.1% (7.9% vs. 7.8%) of where it was when Obama took office. There are 2 problems with this misrepresentation. First the number does not include those who have given up. Second, the economy is growing so slow and families have lost so much that people are retiring at a slower rate plus new graduates are entering the workforce faster than they can be absorbed. So forget the percentage 22 million people need work – twice as many as when Obama took office. Time for a new strategy!!

 
Wake up America! Restore the Republic, Reject Socialism

Connect the Dots – Your Freedom has been Hijacked!

So here we are; today we are on the verge of the “fundamental transformation of America”. America is being stolen from its’ citizens and most remain unaware of the magnitude of what is happening. While many worry about how they are doing in their NCAA basketball pool or how they will spend their Sunday afternoon, the U.S. House of Representatives is set to vote on a healthcare reform bill which will alter the course of life in America.

If you still do not believe that the scope of this bill has this much impact on our country let me connect the dots for you. Since the election of President Obama the following things have happened:

  • We allowed the passage of a $787B economic stimulus bill. This bill according to the administration would ensure that unemployment would stay below 8%. Since the bill passed unemployment has been well north of 9% and above 10% at times. Worse yet most of the money has been wasted on meaningless projects.
  • The federal government has taken over two-thirds of the domestic auto industry and then wasted billions of taxpayer dollars on the phony “Cash for Clunkers” auto stimulus plan that had more benefit for foreign automakers than the domestic ones.
  • The T.A.R.P. program passed at the end of the Bush administration was the first step in nationalizing the domestic banking system. Now the government is regulating all manner of financial transactions under the guise of protecting consumers. A big part of the original meltdown was the government’s excessive involvement in the housing market through Fannie and Freddie. Have they learned their lessons after that train wreck? No! Instead they are busy trying to reinflate the housing market.
  • Using the EPA the government has declared cabon dioxide a harmful gas and is on the path of regulating energy and the environment without regulation to further its’ agenda – bigger, more controlling government.
  • The FCC is working on a bailout plan for the mainstream media as well as regulations to destroy free speech. Clearly in their sights – the internet and conservative talk radio.
  • Recently the President signed a land grab order.  Using the “1906 Antiquities Act” he ordered the federalization of 10 million acres of land in the west. This land grab will inhibit our ability to gain energy independence by cutting off access to needed resources.
  • The President continues his focus on “climate change” and “Cap & Trade” rather than job creation and economic growth. Instead the Congress keeps upping the ante on entitlements such as free healthcare, education and extending of unemployment benefits. Today the the national debt stands at $12.6 trillion. The ratio of debt to GDP  is now 88.1%. Our interest on the debt is accumulating at rate of $191 billion per year against revenue of $2.2 trillion per year. Revenue won’t grow unless employment increases. There are officially 14.9 million people unemployed. The actual number of unemployed is 26.1 million. Over 39 million of our citizens are now on food stamps.
  • Moody’s has repeatedly warned the government for the past 18 months that if we don’t reduce the debt and curtail government spending we will lose our national AAA credit rating. This will cause our interest rates to sky rocket and eventually our interst srevice of the debt will bankrupt the country. Yet the spending continues to increase. Our current entitlements (Social Security, Medicare/Medicaid, Federal Pensions) plus the interest on the debt now exceeds $1.9 trillion per year. This is unsustainable and will destroy our economy sooner than later.
  • Today, the House will vote on Healthcare Reform and higher education funding. In effect this bill will broaden the federal government’s control over both. More unfunded spending liabilities and government mandates will be the result. Education and Healthcare are not rights! Rights come from God not governments.  This bill also includes the funding to hire 16,000 new IRS agents to aid in the enforcement of the new laws. (Jobs by the way that are funded by taxes and do not create new revenue)

So America, can you connect the dots? In just 18 months we have watched the tightening of federal controls on states and citizens that is unprecedented in American history. Our freedom and our liberty is being usurped by an over reaching federal bureauracy that has put us on a fast track to socialism or maybe even communism.

The federal government has taken almost complete control of: our banks, Wall Street, the media, transportation (the car companies), the environment/energy (via the EPA), housing, higher education and now maybe healthcare. You should be livid or at the very least scared to death.  We are a few short steps away from a European socialist government. But this government will be unsustainable because it will result in bankruptcy.

However, before that happens we will slip into a nasty decline that will destroy the fabric of the greatest country in the history of the world. At the end of this ride will be the need for a “global solution” because most of Europe will join us in bankruptcy. The answer will be what the global elites have wanted all along… A global government that decides how much freedom and what liberties we can enjoy. Conspiracy theory, you say? That could never happen, you say?

Really? If anyone had told you in January of 2008 that we would be where we are today, would you have believed them? We are running out of time! Connect the dots… the federal government and the Progressives who are running it are hijacking your freedom! Wake up, Act Now! We are at the edge of the cliff but there is still time to save the Republic if we organize to take the country back. This can not be done without pain or sacrifice.

It is time to face the truth. The only way out of the mess we are in is to cut – spending and taxes – a lot! We have built a model that is unsustainable. We have to come to grips with the idea that big government is not the answer – it is the problem. I am not just talking about the federal government either.

  • The federal government will have to reduce its’ services to only those which are essential – national defense, infra structure and basic services. Social programs and luxury pork barrel spending must be eliminated.
  •  State governments must get smaller too. States need to narrow their focus to the basic services they should provide.
  • We are going to have to rely on communities to pull together and help their own. People are going to have to learn to fend for themselves. Everyone is going to have to sacrifice to fix this problem.
  • Each citizen must be allowed to keep as much as possible so they can reinvest in their savings, communities and build business that will restart the economy.

This is the only sane road back to prosperity. The alternatives involve deals with the devil which will lead us to a loss of sovereignty, a world government or some form of socialistic government where we can all live together as peasants.

Again I will include the famous speech by Ronald Reagan warning about the situation we find ourselves in:

A Time for Choosing

“Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children’s children what it was once like in the United States where men were free”. – Ronald Reagan

Restore the Republic, Reject the Agenda of the Progressive Left!

The Economy – There is no magic wand!

Today’s labor department job report shows initial claims for unemployment benefits increased 31,000 to 473,000. There are now approximately 14,577,800 officially unemployed Americans. That is almost 9 million jobs lost since mid 2007.  

Further aggravating the situation, the Producer Price Index for Finished Goods rose 1.4% in January. This increase followed a 0.4% increase in December and a 1.5% increase in November. The index for finished goods excluding foods and energy rose 0.3 percent in January. This is a meaningless number as we all require both food and energy. The bad news is about 75% of the increase last month was due to a 5.1% jump on food and energy goods. Prices for finished goods moved up 4.6 percent for the 12 months ended January 2010, their third consecutive 12-month increase.

Here is your warning sign; the 1.4% increase in January could easily translate into a 10+% inflation rate if the trend continues. Unless this is an anomaly we could be on pace for a significant inflation ramp. All the rescue efforts by the Federal Reserve has set the stage for this inflation, so now the Fed is going to have some decisions to make at its next meeting to try to stop it. This is why Bernanke has been saying we’re probably going to have to raise rates soon.

We have dug ourselves a very deep hole. China is no longer buying our treasury bonds and they sold off many that they had. Japan is now the biggest foreign holder of U.S. debt. Now the Federal Reserve holds the biggest share of our total debt, over $5 trillion. With our AAA credit rating at risk, the next step will be to raise the interest paid on our treasury bonds to get new investors. Do you see where this is going? It is a vicious circle. So now the Fed will drive up interest rates to try to stop the inflation and reduce the money supply which will ultimately kill economic growth.

Remember both Bush and Obama administrations said, we must spend to fix the economy. We were told that printing money, borrowing money and spending money would stimulate the economy. We were told not to worry about inflation. Now all of a sudden inflation is barreling down the road at us. We’re repeating the mistakes of many European nations such as Greece, Italy, Spain, etc. all of whom are currently in deep shit! Keynesian Economics do not work!  

Wake up, America! It is time to face the truth. The only way out of the mess we are in is to cut – spending and taxes – a lot! We have built a model that is unsustainable. We have to come to grips with the idea that big government is not the answer – it is the problem. I am not just talking about the federal government either. The federal government will have to reduce its’ services to only those which are essential – national defense, infra structure and basic services. Social programs and luxury pork barrel spending must be eliminated. State governments must get smaller too. States need to narrow their focus to the basic services they should provide. We are going to have to rely on communities to pull together and help their own. People are going to have to learn to fend for themselves. Everyone is going to have to sacrifice to fix this problem. Each citizen must be allowed to keep as much as possible so they can reinvest in their savings, communities and build businesses that will restart the economy. This is the only sane road back to prosperity. The alternatives involve deals with the devil which will lead us to a loss of sovereignty, a world government or some form of socialistic government where we can all live together as peasants.

Restore the Republic, Reject the Agenda of the Progressive Left, Eliminate Big Government! This is the only answer. 

“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” – Ronald Reagan  

“Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.” – Ronald Reagan

The Next 5 Things: #2 The Employees Free Choice Act

As I’ve been writing for several months, our way of life, our freedom, our liberty and the America that we all love is under attack from the Socialist Left. They are led by President Obama, a Harvard educated community organizer who grew up in the rough and tumble world of Chicago politics. As we have discussed previously, he has a plan and he built a team around him to execute it. He is counting on your passive – “that can’t happen in America attitude” to provide a window of opportunity for him to “Fundamentally transform America!”

Remember – his team is mostly the Czars who work inside the Executive Branch of the Government and are only accountable to the President – no congressional/judicial oversight or approval- and sure as hell – no transparency!

The President likes to discuss policies in general terms describing how the administration might interpret and administer proposed programs. All the while deftly avoiding discussion of the contents of the bills which might become law. Think back – tax cuts for 95% of Americans, transparency and the veto pen to stop pork barrel spending policies, all of which have or are changing because “the situation changed”. As a result we must be vigilant because healthcare reform is not the only game changing bill on the table. Keeping up with these guys is like playing 3 card monte with a street hustler. Don’t be distracted by one hand because the other is up to something too.

Remember the administration is following the community organizer’s handbook. This is why there is such a rush to pass all this legislation. The plan – overwhelm the system because they are betting we can’t organize fast enough to stop everything.

So here is part 2 of a 5 part series on the Socialist Left’s agenda to “transform” the American Way of Life. These items are the building blocks for a national shift to socialism. This agenda must be stopped – our freedom and liberty depend on it.

In part 1 of the series we covered the plan to reintroduce Immigration Reform. In part 2 we will discuss The Employees Free Choice Act or Card Check.

The Employee Free Choice Act, or “card check,” has been introduced in the past three Congresses, but it always failed to win the 60 votes needed to pass the controversial legislation in the Senate.

The proposed law gives workers a choice of forming a union through majority sign-up (“card check”) or an election by secret ballot. Critics warn that this will lead to employee intimidation to sign cards and will deny individuals the right to a secret ballot. The secret ballot has been the safety valve in the organizing process. Employees could go along with process to allow a vote by signing the organizing petition but had they always had the safety of the secret ballot to protect their individual vote. As a manufacturing manager for 30 years I have had a front row seat to union organizing efforts twice. In both cases, employees were under tremendous peer pressure to sign the petition. However, both times the union was defeated by the secret ballot. It seems like the process worked as it was supposed to each time.

Supporters say the legislation will improve wages, benefits, and working conditions by helping workers form unions. However, employers say that “card check” will kill jobs because small to medium size companies will not be able to afford unionized shops and in many cases the incremental costs will drive them out of business.

“Voting is the most precious right of every citizen, and we have a moral obligation to ensure the integrity of our voting process.” – Hillary Clinton

Shouldn’t this apply towards something as important as a union election too? After all the signing the card means that you want to hear more. After both sides present their case you go cast your vote in private.

So why do we need this law? First, it will help the unions get easier victories and build their dwindling membership. Oh, yeah and the labor unions strongly support the Democrats. Can you say UAW and SEIU? This is as much about politics as it is about employee’s rights.

There is one more aspect to the bill that is equally as troubling as the secret ballot issue. That is the method by which negotiations would be handled under the bill. If the employer and the union did not reach a deal in 120 days, a government arbitration panel could intervene and take over the negotiations.

For many, the government arbitration clause looks to be a deal breaker. As long as that provision is in the bill Sen. Orrin Hatch of Utah says, “I don’t know how anybody can talk compromise.” He added, “If it wasn’t for the political power of the national unions, this wouldn’t have a chance. But they are powerful.”

A new development that makes this bill even more dangerous is the recently negotiated exemption from the proposed 5.25% luxury tax that will apply to “Cadillac health plans”. Under the terms of the agreement, “Cadillac health plans” that are negotiated through a collective bargaining agreement are exempt. This could turn into another tool for union organizers to use to entice new members.

Ironically, during the 2008 elections anti card check ads featured the leading liberal of his time – former S.D. Sen. George McGovern as their spokesman.

Even George could not get behind elimination of the secret ballot to protect the privacy of each employee. We must fight this legislation. With unemployment already tracking at over 10% nationally, we can not afford to lose more jobs. This legislation is bad for business, it is un-American and since when are we against a secret ballot? Write your Senator and tell them –just say no!

Unfortunately, Congress is currently littered with a variety of proposed legislation that supports the administration’s social reengineering agenda. Write your representatives and tell them we are not interested in an American makeover or living in a socialist nanny state. We must send them a clear message that these bills must not pass. We must be vigilant in identifying these bills and fighting them. After all, the only thing at stake is the American Dream!

Restore the Republic, Reject Socialism!

“Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it.” – Mark Twain

The Geography of a Recession

Watch this video which provides a time elapsed county by county update to the advancing unemployment. It is both unsettling and confirming. America is being fundamentally transformed right before our eyes.

or you can watch it here:

http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html

We are in trouble and the administration is not addressing the real issue – UNEMPLOYMENT! No more phony stimulus plans – we need tax cuts and the government to get out of the way.

In the week ending Dec. 12, the advance figure for seasonally adjusted initial claims was 480,000, an increase of 7,000 from the previous week’s revised figure of 473,000. Insured unemployment during the week ending Dec. 5 was 5,186,000, an increase of 5,000 from the preceding week’s revised level of 5,181,000.

Currently, there are 38,093,394 Americans on food stamps. With 15,407,486 Americans “officially unemployed” and 26,486,807 actually unemployed; stimulating job creation should be the primary focus of Congress. However, their role is only to create tax breaks that reward investment the markets will do the rest. The only reason business owners are not investing is because of the government’s over involvement in the market. The government has created fear with talk of Cap & Trade, Healthcare Reform and tax increases so everyone has taken a wait and see attitude.

Wake up America – we can not survive this level of unemployment for long. It will bring another collapse. A jobless recovery is not a recovery. We can not afford anymore wasteful spending or pork barrel politics.

Restore the Republic, Reject the Agenda of the Democrats!

Smoke & Mirrors… Obama’s Economic Recovery

Yesterday the Dow Jones hit 10,015.86 (+144.8 for the day) and eclipsed the 10,000 threshold for the first time in a year. The Nasdaq also rallied to 2,172.23 (+32.34 for the day). The Dow reached that level on the back by strong earning reports from JPMorgan Chase & Co. and Intel Corp. On the strength of this break through some are suggesting that the economy is on the rebound.

However, here are the facts: 

From the AP: 

  • The Labor Department said Thursday that first-time claims for jobless benefits dropped to a seasonally-adjusted 514,000 from an upwardly revised 524,000 the previous week.
  • The tally of people continuing to claim benefits is to 5.99 million
  • Employers have eliminated a net total of 7.2 million jobs since the recession began in December 2007, sending the unemployment rate to a 26-year high of 9.8 percent.
  • The decline in jobless claims shows companies are cutting fewer workers, though the drop isn’t yet steep enough to signal new hiring 

From RealtyTrac: 

  • RealtyTrac®  the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for Q3 2009, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 937,840 properties in the third quarter, a 5 percent increase from the previous quarter and an increase of nearly 23 percent from Q3 2008. One in every 136 U.S. housing units received a foreclosure filing during the quarter — the highest quarterly foreclosure rate since RealtyTrac began issuing its report in the first quarter of 2005.

This may in fact be a sucker’s rally. So far this is a jobless recovery. Currently there are over 15 million people out of work and people are losing their homes at an alarming rate. 

According to former Fed Chairman Alan Greenspan, “my own suspicion is that we’re going to penetrate the 10 percent barrier and stay there for a while before we start down”. “People who are out of work for very protracted periods of time lose their skills eventually,” he said. “What makes an economy great is a combination of the capital assets of the economy and the people who run it. And if you erode the human skills that are involved there, there is a real and, in one sense, an irretrievable loss.” Greenspan also expressed his concern over the growing size of the federal deficit and the federal debt. 

Sen. Jon Kyl, R-Ariz. Appearing on CNN, said Democrats could best help the economy:

  • by supporting targeted tax relief
  • eliminating job killing legislation such as: 
    • the proposed cap-and-trade approach to climate change which will increase energy costs for all employers
    • the health care reform bill which will raise taxes on small businesses 

Don’t fall for the recovery line. We need to remain vigilant and continue to fight for fiscal responsibility. We must shut down the runaway government spending and let the free markets “fix” the economy.

As Thomas Jefferson said, “I sincerely believe… that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”  And…“With respect to future debts, would it not be wise and just for [a] nation to declare in [its] constitution that neither the legislature nor the nation itself can validly contract more debt than they may pay within their own age, or within the term of 19 years? And that all future contracts shall be deemed void as to what shall remain unpaid at the end of 19 years from their date?”

Restore the Republic, Reject the Agenda of the Progressive Left!

5 Million Jobs Short

jobsgapsaugust

While the promoting  the stimulus plan the Obama administration promised it would create 2.5 million jobs by the end of 2010. Later the Obama administration revised the number to 4 million new jobs. This makes the target number 138.6 million employed if the plan performs as advertised.

In August another 216,000 jobs were lost , lowering total U.S. employment to 131.2 million. We are still going the wrong direction leading most to beleve the stimulus is not working.

Unemployment is now at 9.7% and threatening to continue its’ climb. What happened to those shovel ready projects that were going to put [eople to work right away. Even more concerning is if the administration is successful in its’ efforts to put through Tax and Cap, Health Care Reform and tax increases more jobs will be lost.

It is time for a new plan. Since all the money has not been spent and the results are so poor, maybe it is time to return the unspent money to the Treasury, pay down the debt and try something different.

Maybe we should consider business tax cuts and tax credits for capital investment. No good will come from more government regulation and involvement in the markets.  

 

 Here are some other stats:

National Tracking: Economy

Rate Economy – Poor 56%
Economy Getting Worse 44%
RR Employment Index 63.9
Hiring 15%
Laying Off 28%
Worried about Losing Job 29%
The US is on the Wrong Track 63%