The Obama Economy Sux

An enlightening and illuminating read. Think Obama is doing good things for the economy? Read on -



"Study: All Employment Growth Since 2000 Went to Immigrants"



By NRO Staff

June 26, 2014



According to a major new report from the Center for Immigration Studies (CIS), net employment growth in the United States since 2000 has gone entirely to immigrants, legal and illegal. Using data from the Bureau of Labor Statistics, CIS scholars Steven A. Camarota and Karen Zeigler found that there were 127,000 fewer working-age natives holding a job in the first quarter of 2014 than in 2000, while the number of immigrants with a job was 5.7 million above the 2000 level.



http://www.nationalreview.com/corner/381362/study-all-employment-growth-2000-went-immigrants-nro-staff" onclick="window.open(this.href);return false;

Wall St. Journal - economics professor Casey Hayek from Univ. of Chicago sez: Obama's redistribution policies have stymied the economy.



"A Recovery Stymied by Redistribution"



Public policy intended to make layoffs less painful actually made layoffs cheaper and more common.



By CASEY B. MULLIGAN

June 29, 2014



This is adapted from remarks by University of Chicago economics professor Casey B. Mulligan on receiving the Hayek Prize on June 25 from the Manhattan Institute for his book "The Redistribution Recession":



Why has the labor market contracted so much and why does it remain depressed? Major subsidies and regulations intended to help the poor and unemployed were changed in more than a dozen ways—and although these policies were advertised as employment-expanding, the fact is that they reduced incentives for people to work and for businesses to hire.



http://webcache.googleusercontent.com/search?q=cache:online.wsj.com/articles/casey-mulligan-a-recovery-stymied-by-redistribution-1404075655" onclick="window.open(this.href);return false;

False. The report clearly states "since 2000." So obviously, this is a George Bush fault. And President Obama bears no responsibility.

SpiffCoug wrote:
False. The report clearly states "since 2000." So obviously, this is a George Bush fault. And President Obama bears no responsibility.

Thank you. I stand corrected. :whistle:

Interesting unemployment numbers currently -

The U-3 number is currently 6.3% (Official unemployment number used by the govt.)

The U-6 number is currently 12.2% (That's the real unemployment number. It includes the folks that are so discouraged they have quit looking for work).



Is 12% unemployment, 6 years into a presidency anything to brag about?



Of note - a record number of people under Obama live below the poverty line and receive food stamps.



Washington Times -

"That’s rich: Poverty level under Obama breaks 50-year record"



Fifty years after President Johnson started a $20 trillion taxpayer-funded war on poverty, the overall percentage of impoverished people in the U.S. has declined only slightly and the poor have lost ground under President Obama.



http://www.washingtontimes.com/news/2014/jan/7/obamas-rhetoric-on-fighting-poverty-doesnt-match-h/?page=all" onclick="window.open(this.href);return false;

National Review

MAY 16, 2014



"Black Americans Are Worse Off Under Obama"



Yet they still support him almost unanimously.

By Deroy Murdock



From article: "When Obama entered office on January 20, 2009, U.S. unemployment stood at 7.8 percent. By April 2014, that Bureau of Labor Statistics figure had fallen to 6.3 percent — a modest improvement. Among blacks overall, joblessness dropped, though less significantly — from 12.7 to 11.6 percent. But for blacks aged 16 to 19, unemployment grew from 35.3 to 36.8 percent."



http://www.nationalreview.com/article/378087/black-americans-are-worse-under-obama-deroy-murdock" onclick="window.open(this.href);return false;

Obama's economy has largely benefited corporations and the ultra-rich ....... read on ~



"7 setbacks for the middle class"

By Annalyn Kurtz



NEW YORK (CNNMoney)



Five years into his presidency, Barack Obama is still falling short of his number one goal: to fix the economy for the middle class.

Sure, a recovery has been underway for most of his presidency, but it's still slow and uneven. And despite Obama's focus on the middle class, the improvement so far has largely benefited corporations and the ultra-rich.



http://money.cnn.com/2014/01/24/news/economy/middle-class-economy/" onclick="window.open(this.href);return false;

U.S. Economy Shrinks By Most Since Great Recession in 1Q

Published June 25, 2014

Reuters



The U.S. economy contracted at a much steeper pace than previously estimated in the first quarter, but there are indications that growth has since rebounded strongly.



The Commerce Department said on Wednesday gross domestic product fell at a 2.9 percent annual rate, the economy's worst performance in five years, instead of the 1.0 percent pace it had reported last month.



http://www.foxbusiness.com/economy-policy/2014/06/25/us-economy-shrinks-by-most-since-great-recession/" onclick="window.open(this.href);return false;

Ddawg, keep the articles coming.

scott715 wrote:
Ddawg, keep the articles coming.

Thank you. This is an "on-going" process. I intend to post articles that expose Obama for what he is: A highly skilled, choreographed, propaganda, spin artist. He talks and sez "wonderful" things. He is a skilled campaigner - schmoozer. But, when it comes to actually improving life for the average, hard working, tax paying American - it has not happened - will not happen - is not going to happen.



Do you realize, Obama and the Liberal Dem's have been more respectful and courteous to the illegals breaking into this country than towards Conservative Tea Party folks (Who work hard, their children die fighting in the Armed Services, obey the law, and pay their taxes.). Isn't that stunning?

Obama is a hypocrite. Men in the White House make 13% more than women. And, since Obama has been president (nearly 6 years), the pay gap has not narrowed. For all of Obama's talk, pointing fingers, posturing, and accusations about the "War on Women". Obama is a Hypocrite.



Time -

"White House Pay Gap Hasn’t Changed Under Obama"



The average male employee earns over $10,000 more than average female employee



The pay gap between men and women working at the White House has not narrowed since President Barack Obama’s first year in office, according to a new report, despite Obama’s emphasis on pay equity ahead of the midterm elections.



Salary data compiled by the Washington Post found a 13% gap between the genders: The average salary for men in the White House is $88,600 per year, while the average salary for women is $78,400 per year, the Post reports. That gap has persisted since 2009, when male employees earned an average of $82,000, and female employees made $72,700.



http://time.com/2950240/gender-pay-equity-barack-obama/" onclick="window.open(this.href);return false;

Ddawg wrote:
Obama is a hypocrite. Men in the White House make 13% more than women. And, since Obama has been president (nearly 6 years), the pay gap has not narrowed. For all of Obama's talk, pointing fingers, posturing, and accusations about the "War on Women". Obama is a Hypocrite.



Time -

"White House Pay Gap Hasn’t Changed Under Obama"



The average male employee earns over $10,000 more than average female employee



The pay gap between men and women working at the White House has not narrowed since President Barack Obama’s first year in office, according to a new report, despite Obama’s emphasis on pay equity ahead of the midterm elections.



Salary data compiled by the Washington Post found a 13% gap between the genders: The average salary for men in the White House is $88,600 per year, while the average salary for women is $78,400 per year, the Post reports. That gap has persisted since 2009, when male employees earned an average of $82,000, and female employees made $72,700.



http://time.com/2950240/gender-pay-equity-barack-obama/" onclick="window.open(this.href);return false;

Thanks Ddawg. It's sad to report these things about the president of a great country like this. It's also sad that so many people back him.



He, of course is not the only one. Harry R. for one, but now there are people like Hatch that are not what I think they should be. I'm told he's trying to get rid of Lee who I have much more respect for. I was told Romney was helping which I hope is untrue.

Grim reality of Obama's slow growth economy -



Investor's Business Daily

6/25/14



"GDP: Another 'No Biggie'?"



Shrinkage: Economists are writing off the sharp 2.9% drop in first-quarter GDP as a temporary contraction. Maybe. What isn't temporary is President Obama's massively subpar growth record over the past five years.



When the Commerce Department said two months ago the economy had eked out a 0.1% gain in the first quarter, the White House and various economists said growth would have been higher if not for the bitter winter. When Commerce revised that number down to -1% in May, the same crowd again blamed Jack Frost.



Now that it turns out the economy contracted 2.9% in the first three months of the year — the largest drop since 2009 and the sharpest downward revision in the government's history of making such estimates — everyone says "no biggie."



http://news.investors.com/ibd-editorials/062514-706227-gdp-drops-29-percent-as-obama-growth-gap-tops-16-trillion-dollars-webhed-obamas-growth-gap-now-tops-16-trillion.htm" onclick="window.open(this.href);return false;

Huff Post - Business



"Middle Class Jobs, Income Quickly Disappearing"



As President Obama continues his “Middle Class Jobs and Opportunities Tour" in Mooresville, N.C., on Thursday, middle-class Americans continue to experience historic losses of jobs and opportunities. The recession eliminated many mid-wage jobs, leaving moderately educated workers to take low-wage jobs if they can find work at all.



While the Obama administration has trumpeted job growth in recent months, the middle class is taking home a shrinking portion of the country's income. Deep job losses in occupations such as construction, information technology, manufacturing and insurance are not likely to recover. Middle-class families also saw nearly 30 percent of their wealth disappear over the past decade, while the cost of goods and services they rely upon steadily climbed.



http://www.huffingtonpost.com/2013/06/06/middle-class-jobs-income-_n_3386157.html" onclick="window.open(this.href);return false;

Ddawg wrote:
Obama is a hypocrite. Men in the White House make 13% more than women.

This is nothing more than a red herring without the proper context. What I want to know is whether a man and woman with equal responsibilities get equal pay.



Obviously the President's chief of staff is going to make more than the female clerical secretary. But if he hires a female press secretary does she get paid the same salary as a male press secretary? If not, then you have a story. Otherwise we're just comparing apples to oranges. (same holds for corporate America where feminists would have us believe that there is some sort of gender pay gap).

CAFB_04-12 wrote:

Obama is a hypocrite. Men in the White House make 13% more than women.

This is nothing more than a red herring without the proper context. What I want to know is whether a man and woman with equal responsibilities get equal pay.



Obviously the President's chief of staff is going to make more than the female clerical secretary. But if he hires a female press secretary does she get paid the same salary as a male press secretary? If not, then you have a story. Otherwise we're just comparing apples to oranges. (same holds for corporate America where feminists would have us believe that there is some sort of gender pay gap).

CAFB, that's the same red herring the president, the MSM, and the liberal party spouted not too long ago. Since they used it and declared it to be the truth and that it's just an example of the conservatives' war on women, I think it's fair game to throw it back in their face and use their own words against them.

CAFB_04-12 wrote:

Obama is a hypocrite. Men in the White House make 13% more than women.

This is nothing more than a red herring without the proper context. What I want to know is whether a man and woman with equal responsibilities get equal pay.



Obviously the President's chief of staff is going to make more than the female clerical secretary. But if he hires a female press secretary does she get paid the same salary as a male press secretary? If not, then you have a story. Otherwise we're just comparing apples to oranges. (same holds for corporate America where feminists would have us believe that there is some sort of gender pay gap).

Yes, but isn't that the point? Obama complains about "gender inequality" in the workforce, ignoring the fact that it's an apples to oranges comparison, and then does the same thing as the big, evil corporations in the Whitehouse.

urroner wrote:

Ddawg wrote:
Obama is a hypocrite. Men in the White House make 13% more than women.

This is nothing more than a red herring without the proper context. What I want to know is whether a man and woman with equal responsibilities get equal pay.



Obviously the President's chief of staff is going to make more than the female clerical secretary. But if he hires a female press secretary does she get paid the same salary as a male press secretary? If not, then you have a story. Otherwise we're just comparing apples to oranges. (same holds for corporate America where feminists would have us believe that there is some sort of gender pay gap).

CAFB, that's the same red herring the president, the MSM, and the liberal party spouted not too long ago. Since they used it and declared it to be the truth and that it's just an example of the conservatives' war on women, I think it's fair game to throw it back in their face and use their own words against them.

Bingo! The point is, the whole "war on women" is a fabricated "wedge issue" created by the Dem's to alienate voters agains the Repub's. It does not matter to Obama and his political spin machine that it's a "red herring" - or more precisely - a fabricated lie. So, when the Obama and his administration get nailed with a 13% gender pay gap for their eomplyees - Bam! Turnabout is fair play. The game continues.

yeah, I don't buy the argument when the liberals make it, and I don't buy it when the conservatives try to turn it about.



This is why I don't vote for either party anymore.

Investor's Business Daily - explaining the Obama economy - and the part time jobs he is creating - but not talking about. Take the time and read the article -



".... Obama and Biden, have danced around the jobs issue better than Fred Astaire and Ginger Rogers ever could.



Here's the pathetic truth about jobs under these guys:

According to the latest figures from their own Department of Labor, since Jan. 20, 2009, that chilly first inauguration day, 11,472,000 Americans have left the workforce.



That's as if every living human being in the state of Ohio was working and then wasn't. Or the entire population of four Chicago's. Or 14 San Francisco's. Or almost 18 Washington, D.C.'s went jobless.



Put another way, ever since Aretha Franklin's huge hat sang-in Obama's era of "Hope & Change," 5,682 Americans were out of a job every single day of every single week -- even the weeks Obama was vacationing. As he will be again later this week for half the month. After again promising to do everything he can to boost the economy."





http://news.investors.com/politics-andrew-malcolm/080414-711620-obama-new-jobs-numbers-tell-another-tale.htm" onclick="window.open(this.href);return false;