Now, I'm no economic genius (just a creative one), but this video by Lee Doren does a pretty good job of making a point about taxes, and tax-breaks, in a simple-to-understand, friendly way.
It's easy to hate the rich, but they're just people with more power, and mistreating them is not a good economical solution.
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
Illegal Aliens are leaving the country! Good riddance and do not come back!
Labels:
Border control,
Borders,
Economy,
Employment,
illegal immigration.
Here is some good news in times of bleakness and hardship. The frito bandito and his friends are leaving our country as Bill Smith reports here from Blog for Borders. Isn't that some great news. Now if the mullah in the White House would leave and go back to Kenya or Indonesia, after all we still do not know if he is a legal resident. Birth certificate, birth certificate, man. Cough it up Obama.
_______________________________________________________________________________________________________________________________________________________
Illegal Immigrants Are Leaving - Illegal Aliens Number Plunges by 1 Million
Bill Smith
For the second year in a row, both sides of the illegal immigration debate agree that the illegal alien population is falling rapidly in America. The pro-Amnesty U.S. Department of Homeland Security says it is true and so does the pro-immigration enforcement group we support, Center for Immigration Studies (CIS).
This new report for 2009, combined with the data from 2008, suggests a drop of 2 million in the illegal alien population of America.
This proves a very important point! Enforcement instead of amnesty works, illegal immigration can be reversed, and there is no need for Comprehensive Immigration Reform Amnesty. While the Amnesty supporters cry that the bad economy alone is responsible for the rapid declines, we know that is only part of the equation. Evidence we have archived from government, media, and activist reports across America, indicate that local or state level immigration enforcement leads to gradual exoduses of illegal aliens.
CBS Reports in "Number of Illegal Immigrants Plunges by 1M": The number of illegal immigrants in the U.S. has dropped by nearly 1 million, renewing the debate over what to do with those still in the country, according to a Los Angeles Times report Thursday.
The Department of Homeland Security reported that illegal immigrant population dropped to 10.8 million in 2009 compared to 11.6 million in 2008. It was the second consecutive annual decline and the largest in at least three decades.
"This represents a sharp break from the past, when pretty much the illegal population has continually grown," Steven Camarota, of the Center for Immigration Studies, a Washington, D.C., think-tank that favors immigration restrictions, told the paper. "It shows illegal immigration is not inexorable."
Read the complete report According to the report, the downturn in illegal immigration is due in part to the bad economy, in which job opportunities have dried up. Homeland Security department spokesman Matthew Chandler told the paper that the U.S. had also deployed "unprecedented resources" to crack down on illegal immigration.
The report renews a polarizing argument on how to address illegal immigrants' presence in the country.
Those in favor of tougher immigration control say the report offers proof that illegal immigration is linked to job opportunities. Take away the jobs and illegal immigrants will leave the U.S.
"Whether jobs dry up because the government is doing enforcement or because of the recession, illegal aliens react in a rational manner: They either will not come or they'll go home," Ira Mehlman of the Federation for American Immigration Reform, told the paper. "It certainly shows that illegal immigration is a controllable phenomenon." . . .
Among illegal immigrant groups, the Chinese population dropped by the largest percentage - nearly 50 percent. Mexicans, the largest illegal immigrant population, dropped 380,000 to 6.65 million. Declines occurred in most parts of the country, though it increased in Georgia. Arizona, Florida, New Jersey and New York all saw double-digit drops.
Blog for Borders
http://blogs4borders.blogspot.com/2010/02/illegal-immigrants-are-leaving-illegal.html
_______________________________________________________________________________________________________________________________________________________
Illegal Immigrants Are Leaving - Illegal Aliens Number Plunges by 1 Million
Bill Smith
For the second year in a row, both sides of the illegal immigration debate agree that the illegal alien population is falling rapidly in America. The pro-Amnesty U.S. Department of Homeland Security says it is true and so does the pro-immigration enforcement group we support, Center for Immigration Studies (CIS).
This new report for 2009, combined with the data from 2008, suggests a drop of 2 million in the illegal alien population of America.
This proves a very important point! Enforcement instead of amnesty works, illegal immigration can be reversed, and there is no need for Comprehensive Immigration Reform Amnesty. While the Amnesty supporters cry that the bad economy alone is responsible for the rapid declines, we know that is only part of the equation. Evidence we have archived from government, media, and activist reports across America, indicate that local or state level immigration enforcement leads to gradual exoduses of illegal aliens.
CBS Reports in "Number of Illegal Immigrants Plunges by 1M": The number of illegal immigrants in the U.S. has dropped by nearly 1 million, renewing the debate over what to do with those still in the country, according to a Los Angeles Times report Thursday.
The Department of Homeland Security reported that illegal immigrant population dropped to 10.8 million in 2009 compared to 11.6 million in 2008. It was the second consecutive annual decline and the largest in at least three decades.
"This represents a sharp break from the past, when pretty much the illegal population has continually grown," Steven Camarota, of the Center for Immigration Studies, a Washington, D.C., think-tank that favors immigration restrictions, told the paper. "It shows illegal immigration is not inexorable."
Read the complete report According to the report, the downturn in illegal immigration is due in part to the bad economy, in which job opportunities have dried up. Homeland Security department spokesman Matthew Chandler told the paper that the U.S. had also deployed "unprecedented resources" to crack down on illegal immigration.
The report renews a polarizing argument on how to address illegal immigrants' presence in the country.
Those in favor of tougher immigration control say the report offers proof that illegal immigration is linked to job opportunities. Take away the jobs and illegal immigrants will leave the U.S.
"Whether jobs dry up because the government is doing enforcement or because of the recession, illegal aliens react in a rational manner: They either will not come or they'll go home," Ira Mehlman of the Federation for American Immigration Reform, told the paper. "It certainly shows that illegal immigration is a controllable phenomenon." . . .
Among illegal immigrant groups, the Chinese population dropped by the largest percentage - nearly 50 percent. Mexicans, the largest illegal immigrant population, dropped 380,000 to 6.65 million. Declines occurred in most parts of the country, though it increased in Georgia. Arizona, Florida, New Jersey and New York all saw double-digit drops.
Blog for Borders
http://blogs4borders.blogspot.com/2010/02/illegal-immigrants-are-leaving-illegal.html
Jobs Summit Class 201 at the Swamp. Not even any beer let alone ideas that create jobs.
Labels:
Democrats,
Economy,
Employment,
Obama.
Obama has held yet another summit, group hug, whatever
you want to call it on the employment problem. Of course
the blame on the last administration was tossed out. How
short is the Democsocialistacrtats memory on who
was really in power since 2006? Very short as they keep
blaming Bush for their problems. Mr. Alexander offers
some excellent suggestions for creating jobs in this
country. But as he mentions, no one in the current
administration will be listening to anyone from the
private sector.
Job Creation for Dummies
By Mark Alexander · Thursday, December 10, 2009
"Were we directed from Washington when to sow, and when to reap, we should soon want bread." --Thomas Jefferson
Barack Obama outlined his Recovery.gov version 2.0 on Tuesday of this week, saying, "My economic team has been considering a full range of additional ideas to help accelerate the pace of private sector hiring. We held a jobs forum at the White House..."
Indeed, Obama held a much-publicized "jobs" confab last week, ostensibly to obtain ideas about how to create (and save?) more of them. This exercise in futility was fodder so he could feign having sought advice from some people who actually create jobs.
However, most of the 135 invitees were from federal, state and local government, academic institutions, labor unions and not-for-profits. Alas, he did toss in a few folks from the private sector where job creation actually occurs. He told them, "I'm confident that people like you ... can come up with some additional good ideas on how to create jobs."
Additional good ideas?
I suspect Obama was suggesting that some of his proposals thus far have been good ideas. Unfortunately, despite all the jobs Obama claims to have saved or created with his $787 billion "stimulus" package, unemployment has increased from 7.6 percent when he took office, to 10 percent.
Setting aside the absurdity of his pet "saved or created" construction, it seems to me that if he had actually created jobs, unemployment would be somewhere under 7.6 percent. But Democrat math never ads up. Fact is, there has been a net loss of at least 3.4 million jobs under the "Obama recovery."
"We're not going to get anything useful out of [this summit]," concluded Peter Morici, from the University of Maryland's Smith School of Business. Obama and Treasury Secretary Tim Geithner "really don't know what to do."
What an understatement.
Investor's Business Daily analyzed cabinet posts of administrations over the last century and determined that prior to Obama, Kennedy and Carter had the lowest number of appointees from the private sector, about 30 percent in each administration.
As only 8 percent of Obama's key appointees are from the private sector, precious few of them have actually created or understand how to create non-government jobs.
Needless to say, there was widespread skepticism about this jobs summit, so Obama sent out his senior White House adviser, Valerie Jarrett, to do some pre-emptive Bush-blaming.
"We inherited an economic meltdown 10 months ago," claimed Jarrett. "[Obama] moved boldly to get us back on track with a variety of measures."
Oh really? Fact is, then-Senator Obama and his Democrat colleagues went to great lengths to undermine the U.S. economy for political expedience.
As for critics of Obama's socialist economic philosophy, Jarrett issued this challenge: "I would say to those critics, we welcome your ideas. We embrace all good ideas and I think critics should stop saying what won't work and come forward with what will work."
Well, OK! As the owner of an Internet publishing company, and manager of several other business ventures, here are some good ideas that will work -- in fact, ideas that have proven to work.
First: Let's clear up a misconception: Government does not create jobs because it does not create wealth. Government is a consumer of wealth, not a producer.
As my colleague and noted economist Thomas Sowell writes: "What does it take to create a job? It takes wealth to pay someone who is hired, not to mention additional wealth to buy the material that person will use. But government creates no wealth. Ignoring that plain and simple fact enables politicians to claim to be able to do all sorts of miraculous things that they cannot do in fact. Without creating wealth, how can they create jobs? By taking wealth from others, whether through taxation, selling bonds or imposing mandates. However it is done, transferring wealth is not creating wealth. When government uses transferred wealth to hire people, it is essentially transferring jobs from the private sector, not adding to the net number of jobs in the economy."
As Heritage Foundation's Conn Carroll notes, "every dollar Congress 'injects' into the economy must first be taxed or borrowed out of the economy."
And, to add insult to injury, government is an extremely inefficient consumer of wealth, with up to 70 percent of income-transfer program (a.k.a., welfare program) budgets going to bureaucratic overhead.
Second: Taxes do not create jobs. Taxes eliminate jobs.
Higher income taxes to pay for more government spending and debt, higher business taxes associated with CO2 production, and higher individual taxes to pay for ObamaCare will push the nation from recession to depression.
Take all of these tax-and-spend proposals off the table.
Ronald Reagan inherited a deep recession from the Carter administration. President Reagan cut taxes, and the resulting 25-year economic growth cycle produced 35 million new jobs and increased government revenues by almost 30 percent -- the largest peacetime economic expansion in history.
Third: Regulations do not create jobs. Regulations eliminate jobs by choking productivity and stemming wealth production, thus disabling job creation.
There is no corner of the U.S. economy that isn't currently regulated by the central government, and consequently, the cost to business and consumers is staggering.
This week, as Obama administration officials were in Copenhagen selling out the U.S. economy to the cap-n-tax crowd, his EPA director, Lisa Jackson, declared back home that carbon dioxide -- the stuff we humans exhale when we breathe -- poses a danger to the environment. This means that new regulations on business and industry are on the way, the costs of which will ultimately be borne by consumers.
The CO2 regulations, as I have argued previously, have everything to do with centralizing economic control and nothing to do with climate change, and Obama should be more concerned about the U.S. economic climate than bogus global climate change predictions.
To supplement economic recovery by deregulation, a thoughtful president might also push for tort reform. While all those dollars spent defending frivolous lawsuits might create more trial lawyers, they cost real Americans real jobs.
Fourth: Government spending does not create jobs. Government spending eliminates jobs.
According to Obama, "There are those who claim we have to choose between paying down our deficits on the one hand, and investing in job creation and economic growth on the other -- but this is a false choice." He then went on to say, that we must "spend our way out of this recession."
Horse pucky.
Unprecedented deficit spending for unsustainable entitlements, and accumulation of national debt, now at more than $12 trillion, poses an enormous threat to our economic future. Obama's proposals will add $13 trillion in deficit spending over the next 10 years.
There are only three ways to cut that debt: Raise taxes, inflate the dollar or cut government spending.
The first two will destroy any semblance of economic recovery. Only the latter will strengthen the U.S. economy and create jobs.
The president should hold the line on discretionary spending and enact spending caps enforced by a balanced budget amendment, as first proposed by Reagan and blocked by Democrats every time it comes up.
Fifth: Protectionism does not create jobs. Protectionism hinders job growth.
Start by approving stalled trade agreements with Colombia, South Korea, and Panama. After all, 95 percent of consumers on our planet live outside the U.S. We need unfettered access to those markets. Even the Obama administration acknowledges that every percentage point increase in exports creates more than 250,000 jobs in the U.S.
In summary, what Obama can do to help me, and all private-sector employers, create new jobs is this: Get out of our way.
Of course, Obama and his ilk will consider none of my proposals because they think government is the solution, not the problem.
Meanwhile, Joe Biden, Obama's point man for jobs, has been making the rounds and spinning yarns about what his grandfather had to say about recessions and depressions.
"My grandpop used to have an expression. We're from Scranton. He said, 'Joey, when the guy in Dixon City' -- a small town above Scranton -- 'is out of work, it's an economic slowdown. When your brother-in-law is out of work, it's a recession. When you're out of work, it's a depression.'"
Biden's grandfather must've been Harry Truman. "When your neighbor is out of work, it is a recession. When you are out of work, it is a depression," said Truman back in 1958. In 1980, Reagan shrewdly amended that chestnut: "A recession is when your neighbor loses his job. A depression is when you lose yours. A recovery is when Jimmy Carter loses his."
So, maybe Obama was smart for not inviting me to his jobs summit, because I would have been screaming from the rooftop that a recovery is when Barak Obama loses his job. For that, in all likelihood, is the only proposal that will result in true job creation.
Footnote: On Obama's recovery.gov website, there is a link to "report fraud, waste and abuse." When understood in the proper context of our Constitution, all of Obama's proposals constitute fraud, waste and abuse, so I recommend you report it!
Semper Vigilo, Fortis, Paratus et Fidelis!
Mark Alexander
Publisher, Patriot Post.US
http://patriotpost.us/alexander/2009/12/10/job-creation-for-dummies/
you want to call it on the employment problem. Of course
the blame on the last administration was tossed out. How
short is the Democsocialistacrtats memory on who
was really in power since 2006? Very short as they keep
blaming Bush for their problems. Mr. Alexander offers
some excellent suggestions for creating jobs in this
country. But as he mentions, no one in the current
administration will be listening to anyone from the
private sector.
Job Creation for Dummies
By Mark Alexander · Thursday, December 10, 2009
"Were we directed from Washington when to sow, and when to reap, we should soon want bread." --Thomas Jefferson
Barack Obama outlined his Recovery.gov version 2.0 on Tuesday of this week, saying, "My economic team has been considering a full range of additional ideas to help accelerate the pace of private sector hiring. We held a jobs forum at the White House..."
Indeed, Obama held a much-publicized "jobs" confab last week, ostensibly to obtain ideas about how to create (and save?) more of them. This exercise in futility was fodder so he could feign having sought advice from some people who actually create jobs.
However, most of the 135 invitees were from federal, state and local government, academic institutions, labor unions and not-for-profits. Alas, he did toss in a few folks from the private sector where job creation actually occurs. He told them, "I'm confident that people like you ... can come up with some additional good ideas on how to create jobs."
Additional good ideas?
I suspect Obama was suggesting that some of his proposals thus far have been good ideas. Unfortunately, despite all the jobs Obama claims to have saved or created with his $787 billion "stimulus" package, unemployment has increased from 7.6 percent when he took office, to 10 percent.
Setting aside the absurdity of his pet "saved or created" construction, it seems to me that if he had actually created jobs, unemployment would be somewhere under 7.6 percent. But Democrat math never ads up. Fact is, there has been a net loss of at least 3.4 million jobs under the "Obama recovery."
"We're not going to get anything useful out of [this summit]," concluded Peter Morici, from the University of Maryland's Smith School of Business. Obama and Treasury Secretary Tim Geithner "really don't know what to do."
What an understatement.
Investor's Business Daily analyzed cabinet posts of administrations over the last century and determined that prior to Obama, Kennedy and Carter had the lowest number of appointees from the private sector, about 30 percent in each administration.
As only 8 percent of Obama's key appointees are from the private sector, precious few of them have actually created or understand how to create non-government jobs.
Needless to say, there was widespread skepticism about this jobs summit, so Obama sent out his senior White House adviser, Valerie Jarrett, to do some pre-emptive Bush-blaming.
"We inherited an economic meltdown 10 months ago," claimed Jarrett. "[Obama] moved boldly to get us back on track with a variety of measures."
Oh really? Fact is, then-Senator Obama and his Democrat colleagues went to great lengths to undermine the U.S. economy for political expedience.
As for critics of Obama's socialist economic philosophy, Jarrett issued this challenge: "I would say to those critics, we welcome your ideas. We embrace all good ideas and I think critics should stop saying what won't work and come forward with what will work."
Well, OK! As the owner of an Internet publishing company, and manager of several other business ventures, here are some good ideas that will work -- in fact, ideas that have proven to work.
First: Let's clear up a misconception: Government does not create jobs because it does not create wealth. Government is a consumer of wealth, not a producer.
As my colleague and noted economist Thomas Sowell writes: "What does it take to create a job? It takes wealth to pay someone who is hired, not to mention additional wealth to buy the material that person will use. But government creates no wealth. Ignoring that plain and simple fact enables politicians to claim to be able to do all sorts of miraculous things that they cannot do in fact. Without creating wealth, how can they create jobs? By taking wealth from others, whether through taxation, selling bonds or imposing mandates. However it is done, transferring wealth is not creating wealth. When government uses transferred wealth to hire people, it is essentially transferring jobs from the private sector, not adding to the net number of jobs in the economy."
As Heritage Foundation's Conn Carroll notes, "every dollar Congress 'injects' into the economy must first be taxed or borrowed out of the economy."
And, to add insult to injury, government is an extremely inefficient consumer of wealth, with up to 70 percent of income-transfer program (a.k.a., welfare program) budgets going to bureaucratic overhead.
Second: Taxes do not create jobs. Taxes eliminate jobs.
Higher income taxes to pay for more government spending and debt, higher business taxes associated with CO2 production, and higher individual taxes to pay for ObamaCare will push the nation from recession to depression.
Take all of these tax-and-spend proposals off the table.
Ronald Reagan inherited a deep recession from the Carter administration. President Reagan cut taxes, and the resulting 25-year economic growth cycle produced 35 million new jobs and increased government revenues by almost 30 percent -- the largest peacetime economic expansion in history.
Third: Regulations do not create jobs. Regulations eliminate jobs by choking productivity and stemming wealth production, thus disabling job creation.
There is no corner of the U.S. economy that isn't currently regulated by the central government, and consequently, the cost to business and consumers is staggering.
This week, as Obama administration officials were in Copenhagen selling out the U.S. economy to the cap-n-tax crowd, his EPA director, Lisa Jackson, declared back home that carbon dioxide -- the stuff we humans exhale when we breathe -- poses a danger to the environment. This means that new regulations on business and industry are on the way, the costs of which will ultimately be borne by consumers.
The CO2 regulations, as I have argued previously, have everything to do with centralizing economic control and nothing to do with climate change, and Obama should be more concerned about the U.S. economic climate than bogus global climate change predictions.
To supplement economic recovery by deregulation, a thoughtful president might also push for tort reform. While all those dollars spent defending frivolous lawsuits might create more trial lawyers, they cost real Americans real jobs.
Fourth: Government spending does not create jobs. Government spending eliminates jobs.
According to Obama, "There are those who claim we have to choose between paying down our deficits on the one hand, and investing in job creation and economic growth on the other -- but this is a false choice." He then went on to say, that we must "spend our way out of this recession."
Horse pucky.
Unprecedented deficit spending for unsustainable entitlements, and accumulation of national debt, now at more than $12 trillion, poses an enormous threat to our economic future. Obama's proposals will add $13 trillion in deficit spending over the next 10 years.
There are only three ways to cut that debt: Raise taxes, inflate the dollar or cut government spending.
The first two will destroy any semblance of economic recovery. Only the latter will strengthen the U.S. economy and create jobs.
The president should hold the line on discretionary spending and enact spending caps enforced by a balanced budget amendment, as first proposed by Reagan and blocked by Democrats every time it comes up.
Fifth: Protectionism does not create jobs. Protectionism hinders job growth.
Start by approving stalled trade agreements with Colombia, South Korea, and Panama. After all, 95 percent of consumers on our planet live outside the U.S. We need unfettered access to those markets. Even the Obama administration acknowledges that every percentage point increase in exports creates more than 250,000 jobs in the U.S.
In summary, what Obama can do to help me, and all private-sector employers, create new jobs is this: Get out of our way.
Of course, Obama and his ilk will consider none of my proposals because they think government is the solution, not the problem.
Meanwhile, Joe Biden, Obama's point man for jobs, has been making the rounds and spinning yarns about what his grandfather had to say about recessions and depressions.
"My grandpop used to have an expression. We're from Scranton. He said, 'Joey, when the guy in Dixon City' -- a small town above Scranton -- 'is out of work, it's an economic slowdown. When your brother-in-law is out of work, it's a recession. When you're out of work, it's a depression.'"
Biden's grandfather must've been Harry Truman. "When your neighbor is out of work, it is a recession. When you are out of work, it is a depression," said Truman back in 1958. In 1980, Reagan shrewdly amended that chestnut: "A recession is when your neighbor loses his job. A depression is when you lose yours. A recovery is when Jimmy Carter loses his."
So, maybe Obama was smart for not inviting me to his jobs summit, because I would have been screaming from the rooftop that a recovery is when Barak Obama loses his job. For that, in all likelihood, is the only proposal that will result in true job creation.
Footnote: On Obama's recovery.gov website, there is a link to "report fraud, waste and abuse." When understood in the proper context of our Constitution, all of Obama's proposals constitute fraud, waste and abuse, so I recommend you report it!
Semper Vigilo, Fortis, Paratus et Fidelis!
Mark Alexander
Publisher, Patriot Post.US
http://patriotpost.us/alexander/2009/12/10/job-creation-for-dummies/
A December Obama party with more KOOL-AID, Dope, and No Change.
Labels:
Economy,
Kool-Aid,
Obama,
That Warm and Fuzzy Feeling
Time for another beer summit
at the expense of the taxpayers.
There will not be any beer served
at this Chicago style crookfest.
There will plenty of Kool-Aid,
warm and fuzzy goodness, lies,
deception and false optimism,
when all is said and done.
Remember "Hope and Change?
I do not even have any change
left in my pockets! Do you?
November 12, 2009
The President's December Job Summit
From American Thinker
Lee Cary
Obama’s planned December Jobs Summit is exactly what a community organizer would do.
Today, President Obama announced that he would host a Jobs Summit in December. The question, he said, is – How do we add jobs and grow the economy? It’s pretty clear to the conscious that the President hasn’t a clue how to grow the economy. And, every day more of us suspect that job growth isn’t even part of his agenda for the next few years.
It would have been heresy to publically make the following statement six months ago: Obama is intent on eroding the U.S. economy so that he can more easily transform it into a version of European socialism.
The idea of a “summit” is typical of a community organizer mentality. Convene the stakeholders, let them vent about the problem, give a shout-out to those already engaged in efforts to address the problem, get at least one member of the “establishment” that caused the trauma to attend and be contrite, define a vague action plan, stress the need for the whole community to get actively involve, break into small groups to discuss the issues, put people’s thoughts on flip chart paper, have the break-out groups’ scribes report back to the larger group, be sure everyone signs their names and contact information on a clipboard, and then schedule a few interviews with the local media to exaggerate the outcomes of the event.
As the Summit ends in December, the room will be all a-buzz with optimism and bonhomie. Then nothing will change. It’s about feeling good, not doing good.
At Obama’s Summit, we can expect some announcement like an extension of unemployment benefits, or a commitment from an administration-friendly company to hire x-hundred more employees in an inner city, or the formation of a special blue ribbon commission of Beltway luminaries and captains of industry tasked to come up with additional solutions to make “The Turn in Ten” – how the decline in jobs will turn around in 2010 to a growth in jobs. More new government jobs.
The administration’s effort to blame the continuing recession on Bush loses veracity by the day. It’s already moved past the tipping point. By the January 20th anniversary of his inauguration, Obama will fully own the state of the economy, and it won’t be pretty.
The opportunity to take action to improve the economy passed earlier this year. We’re now into damage control, and some of the more powerful pumps will continue to sit idle.
http://www.americanthinker.com/blog/2009/11/the_presidents_december_job_su.html
at the expense of the taxpayers.
There will not be any beer served
at this Chicago style crookfest.
There will plenty of Kool-Aid,
warm and fuzzy goodness, lies,
deception and false optimism,
when all is said and done.
Remember "Hope and Change?
I do not even have any change
left in my pockets! Do you?
November 12, 2009
The President's December Job Summit
From American Thinker
Lee Cary
Obama’s planned December Jobs Summit is exactly what a community organizer would do.
Today, President Obama announced that he would host a Jobs Summit in December. The question, he said, is – How do we add jobs and grow the economy? It’s pretty clear to the conscious that the President hasn’t a clue how to grow the economy. And, every day more of us suspect that job growth isn’t even part of his agenda for the next few years.
It would have been heresy to publically make the following statement six months ago: Obama is intent on eroding the U.S. economy so that he can more easily transform it into a version of European socialism.
The idea of a “summit” is typical of a community organizer mentality. Convene the stakeholders, let them vent about the problem, give a shout-out to those already engaged in efforts to address the problem, get at least one member of the “establishment” that caused the trauma to attend and be contrite, define a vague action plan, stress the need for the whole community to get actively involve, break into small groups to discuss the issues, put people’s thoughts on flip chart paper, have the break-out groups’ scribes report back to the larger group, be sure everyone signs their names and contact information on a clipboard, and then schedule a few interviews with the local media to exaggerate the outcomes of the event.
As the Summit ends in December, the room will be all a-buzz with optimism and bonhomie. Then nothing will change. It’s about feeling good, not doing good.
At Obama’s Summit, we can expect some announcement like an extension of unemployment benefits, or a commitment from an administration-friendly company to hire x-hundred more employees in an inner city, or the formation of a special blue ribbon commission of Beltway luminaries and captains of industry tasked to come up with additional solutions to make “The Turn in Ten” – how the decline in jobs will turn around in 2010 to a growth in jobs. More new government jobs.
The administration’s effort to blame the continuing recession on Bush loses veracity by the day. It’s already moved past the tipping point. By the January 20th anniversary of his inauguration, Obama will fully own the state of the economy, and it won’t be pretty.
The opportunity to take action to improve the economy passed earlier this year. We’re now into damage control, and some of the more powerful pumps will continue to sit idle.
http://www.americanthinker.com/blog/2009/11/the_presidents_december_job_su.html
Unemployment tops 10%. Way to go, Obama and democrats!
Labels:
Economy,
Stimulus Bill,
Unemployment rate
The number is actually over 17% when
the people who have QUIT looking
for work is factored in. The Obama
economic engine is hard at work,
stuck in reverse. Put the health
care debacle and cap and Trade
(TAX AND GOUGE) on top of the
unemployment situation, yes the
recession cretainly is "over."
http://hotair.com/archives/2009/11/06/unemployment-hits-10-2/
From Hot Air.
Unemployment hit double digits for the first time in 26 years as more than 558,000 lost jobs in October. The jobless rate went from 9.8% to 10.2%, a leap that quadruples the increase from August to September and indicates a rapidly-worsening situation for American workers:
The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today. The largest job losses over the month were in construction, manufacturing, and retail trade.
In October, the number of unemployed persons increased by 558,000 to 15.7 million. The unemployment rate rose by 0.4 percentage point to 10.2 percent, the highest rate since April 1983. Since the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men (10.7 percent) and whites (9.5 percent) rose in October. The jobless rates for adult women (8.1 percent), teenagers (27.6 percent), blacks (15.7 percent), and Hispanics (13.1 percent) were little changed over the month. The unemployment rate for Asians was 7.5 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)
The number of long-term unemployed (those jobless for 27 weeks and over) was little changed over the month at 5.6 million. In October, 35.6 percent of unemployed persons were jobless for 27 weeks or more. (See table A-9.)
The civilian labor force participation rate was little changed over the month at 65.1 percent. The employment-population ratio continued to decline in October, falling to 58.5 percent. (See table A-1.)
The job losses accelerated in manufacturing. The average losses in the previous four months was 51,000 per month, but October beat that by 10,000, coming in at 61,000 jobs lost. Construction lost 62,000 in October, down slightly from the 4-month average of 67,000. Retail lost 40,000 jobs — and that may be a very bad portent for the Christmas season, which usually accounts for about 30% of all retail sales.
Yesterday’s productivity numbers foreshadowed this result. Productivity hit decade-long highs last quarter, and I asked King Banaian what that meant:
UPDATE: Ed Morrissey asks via email whether this has any portent for unemployment? I think it does. The investment in equipment and software may be either of a deepening or broadening variety. If you are dumping many workers you can also cut your capital budget. But if that category turns around while you are still cutting workers — the ADP projection for private sector payrolls is a loss of 203,000 jobs, above the consensus forecast of -175,000 overall jobs — that would suggest capital deepening. I think this is what’s driving increased productivity. This also means each new worker now comes with a higher “capital budget requirement”, and between that and the payroll taxes contemplated under Pelosicare you probably have a greater drag on employment than otherwise contemplated.
While these data are for the third and tomorrow’s report is for the first month of Q4, I am inclined to think we will see both a number closer to 200k for jobs lost. That might make the unemployment rate 10%.
The breaking of the psychological barrier of double-digit unemployment is a watershed moment for the Obama administration. It has continued to claim success in its Porkulus effort with shell-game “saved or created” metrics for jobs while unemployment rises unabated. Meanwhile, Obama pushed Congress to spend trillions of dollars we don’t have on efforts that have nothing to do with employment or revitalizing the economy. Even the latest CNN poll shows a 17-point swing to the worse for Obama on economics.
This is now Obama’s economy. He owns the double-digit unemployment level, having bought it with the $787 billion stimulus plan that he promised would keep unemployment no higher than 8%.
Update: From the AP:
But the loss of jobs last month exceeded economists’ estimates. It’s the 22nd straight month the U.S. economy has shed jobs, the longest on records dating back 70 years.
Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5 percent, the highest on records dating from 1994.
Update II: Mark Tapscott calls this “a leading indicator Obama policies must change.”
Update III: Innocent Bystanders updates the Romer graph once again:
http://hotair.com/archives/2009/11/06/unemployment-hits-10-2/
the people who have QUIT looking
for work is factored in. The Obama
economic engine is hard at work,
stuck in reverse. Put the health
care debacle and cap and Trade
(TAX AND GOUGE) on top of the
unemployment situation, yes the
recession cretainly is "over."
http://hotair.com/archives/2009/11/06/unemployment-hits-10-2/
From Hot Air.
Unemployment hit double digits for the first time in 26 years as more than 558,000 lost jobs in October. The jobless rate went from 9.8% to 10.2%, a leap that quadruples the increase from August to September and indicates a rapidly-worsening situation for American workers:
The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today. The largest job losses over the month were in construction, manufacturing, and retail trade.
In October, the number of unemployed persons increased by 558,000 to 15.7 million. The unemployment rate rose by 0.4 percentage point to 10.2 percent, the highest rate since April 1983. Since the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men (10.7 percent) and whites (9.5 percent) rose in October. The jobless rates for adult women (8.1 percent), teenagers (27.6 percent), blacks (15.7 percent), and Hispanics (13.1 percent) were little changed over the month. The unemployment rate for Asians was 7.5 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)
The number of long-term unemployed (those jobless for 27 weeks and over) was little changed over the month at 5.6 million. In October, 35.6 percent of unemployed persons were jobless for 27 weeks or more. (See table A-9.)
The civilian labor force participation rate was little changed over the month at 65.1 percent. The employment-population ratio continued to decline in October, falling to 58.5 percent. (See table A-1.)
The job losses accelerated in manufacturing. The average losses in the previous four months was 51,000 per month, but October beat that by 10,000, coming in at 61,000 jobs lost. Construction lost 62,000 in October, down slightly from the 4-month average of 67,000. Retail lost 40,000 jobs — and that may be a very bad portent for the Christmas season, which usually accounts for about 30% of all retail sales.
Yesterday’s productivity numbers foreshadowed this result. Productivity hit decade-long highs last quarter, and I asked King Banaian what that meant:
UPDATE: Ed Morrissey asks via email whether this has any portent for unemployment? I think it does. The investment in equipment and software may be either of a deepening or broadening variety. If you are dumping many workers you can also cut your capital budget. But if that category turns around while you are still cutting workers — the ADP projection for private sector payrolls is a loss of 203,000 jobs, above the consensus forecast of -175,000 overall jobs — that would suggest capital deepening. I think this is what’s driving increased productivity. This also means each new worker now comes with a higher “capital budget requirement”, and between that and the payroll taxes contemplated under Pelosicare you probably have a greater drag on employment than otherwise contemplated.
While these data are for the third and tomorrow’s report is for the first month of Q4, I am inclined to think we will see both a number closer to 200k for jobs lost. That might make the unemployment rate 10%.
The breaking of the psychological barrier of double-digit unemployment is a watershed moment for the Obama administration. It has continued to claim success in its Porkulus effort with shell-game “saved or created” metrics for jobs while unemployment rises unabated. Meanwhile, Obama pushed Congress to spend trillions of dollars we don’t have on efforts that have nothing to do with employment or revitalizing the economy. Even the latest CNN poll shows a 17-point swing to the worse for Obama on economics.
This is now Obama’s economy. He owns the double-digit unemployment level, having bought it with the $787 billion stimulus plan that he promised would keep unemployment no higher than 8%.
Update: From the AP:
But the loss of jobs last month exceeded economists’ estimates. It’s the 22nd straight month the U.S. economy has shed jobs, the longest on records dating back 70 years.
Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5 percent, the highest on records dating from 1994.
Update II: Mark Tapscott calls this “a leading indicator Obama policies must change.”
Update III: Innocent Bystanders updates the Romer graph once again:
http://hotair.com/archives/2009/11/06/unemployment-hits-10-2/
Economists: The Great Recession is over, but ... then why am I losing my job in two days???
Labels:
Economy,
Great Recession,
Jobless recovery
Economists: The Great Recession is over, but ... - Eye on the Economy- msnbc.com
So explain to me why I will be losing my job this week?
What a joke, and out here in Oregon, it is far from over.
This is a PMSNBC article!
So explain to me why I will be losing my job this week?
What a joke, and out here in Oregon, it is far from over.
This is a PMSNBC article!
SIEU:The school of greased palms and paybacks.
Labels:
ACORN,
Community Developement,
Corruption,
Economy,
Graft,
Obama,
SIEU,
Subversion in America,
Unions
Inside SEIU president Andy Stern’s culture of corruption
From Michelle Malkin.
Alot of comparisons, parallels to what is
inside Obama's University of Dope and Change.
From Michelle Malkin.
Alot of comparisons, parallels to what is
inside Obama's University of Dope and Change.
Remember Obama's promise of 1 million jobs back in June?
Labels:
Democrats,
Economy,
Jobs lost,
Obama,
Unemployment rate
Here is a blast from the no so distant past. Of happier times
of hope, change, of the warm and fuzzies from a President
who has fallen short, again.
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