Jay Leno is making Barack Obama the brunt of his jokes again. This time he compares Obama to Richard Nixon. These days it is easy to use Obama as fodder for late night show comedy. However, for many who have been on the other end of the Obama Benghazi, IRS and AP scandals are probably not laughing. So many in the MSM wanted to say that Obama was Reaganesque and Lincolnesque, to their dismay he turned out to be “Nixonian”.
“It’s been a rough week for Obama. A lot of critics are comparing President Obama to President Richard Nixon. Which is unfair. Nixon’s unemployment rate was only 5%.”
Just to prove Jay Leno correct, the weekly new unemployment claims were just announced today and they were up to 32,000 to 360,000.
The number of people who applied for new unemployment benefits surged by 32,000 to 360,000 in the week ended May 11, putting jobless claims at the highest level in a month and a half, according to the U.S. Labor Department. Economists surveyed by MarketWatch had expected claims to rise to a seasonally adjusted 330,000 from a revised 328,000 in the prior week. A Labor official said there was nothing unusual in the report and there was no evidence that reductions in federal spending under a law known as the sequester contributed to the spike.
Another Obama “green” energy company fails miserably … Another One Bites the Dust.
According to the WSJ, electric car maker Coda has filed for chapter 11 bankruptcy. The company’s lone passenger car, the CODA sedan debut in March 2012 went poorly; less than 100 units were sold. 100!!! Or what we like to call Obamanomics in action. The company blamed the car’s flop on a variety of factors, including stunted demand for electric vehicles, adverse macroeconomic conditions and insufficient capital to effectively market the car. The fact of the matter is no one is going to pay $38,000 for am electric car. There is no demand for them and if there were the price would have to be cut in half and that does not men by getting a federal government rebate.
Electric car maker Coda Holdings Inc. filed for Chapter 11 protection from creditors after pronouncing its $38,000 sedan “a commercial disappointment” and failing to sell its assets outside of bankruptcy.
The company’s lone passenger car, the CODA sedan, was plagued by delays. Its eventual market debut in March 2012 went poorly; less than 100 units were sold, “falling well short of the company’s expectations,” according to the Los Angeles company’s bankruptcy filings.
A group of lenders led by an affiliate of Fortress Investment Group FIG 0.00%is offering about $25 million for the assets and may use debt to cover that price, according to documents filed in a Wilmington, Del., bankruptcy court. The group also is providing the company with a $5 million loan intended to keep Coda afloat as it navigates Chapter 11
Daily Commentary – Monday, April 8, 2013 – Rich Neighborhoods in Oakland, California Hire Private Security
- After police layoffs due to budget cuts lead to an increase in crime
Obama is No GWB … 88,000 Jobs Created in March, Labor Force Participation Rate Falls to 34 Year Low, Americans Dying in Afghanistan & North Korea Threatening Nuclear War as Barack Obama Plays Golf for Second Weekend in a Row
Barack Obama is the worst United States President ever, surpassing even Jimmy Carter … Obama just does not even pretend to care about Americans.
President Barack “Nero” Obama might as well be playing a fiddle as opposed to golfing as the United States collapses and the world burns. On Friday, we learned that the US created a pathetic 88,000 jobs as the unemployment rate fell to 7.6% thanks to the Labor participation rate falling to 34-Year Low of 63.3%, the lowest since May 1979. We all know who was president then, don’t we? More Americans were killed in Afghanistan, the despot dictator of North Korea Kim Jong-un has been threatening nuclear war, the Middle East continues to be a tinderbox, not to mention the record level number of Americans on food stamps and escalated gas and health care prices. All this going on and this clown we call a president goes golfing yet again, for the second weekend in a row.
Shh, don’t let anyone know I could care less about ‘We the People,” it’s all about what perks I can get out of this job
President Obama went out for a round of golf Saturday afternoon, his second weekend in a row to hit the links at a course at Joint Base Andrews. The president golfed with White House aides Marvin Nicholson, Joe Paulsen, and Michael Brush.
When will this president ever take his job seriously and actually show one ounce of empathy with the struggling American people? The answer is never, because that is what this 1% president is all about. Sacrifice is your you, not him. It is “We the People” who are supposed to struggle and make it possible for Obama and his family and the Biden’s to take multiple vacations, while American families stay home. It is obvious Obama could care less about the American people, and a note to black folks, that means you too. Obama acts like nothing is going wrong, yet everything a catastrophe, down to his all important NCAA basketball brackets.
EXIT QUESTION: Would the MSM let a Republican president get away with the perception that a president could care less and go on as business as usual as they demand Americans sacrifice and in the middle of sequestration where others are having their life styles cut? Back in 2012, Obama had played four times more golf than George W. Bush did in eight years. Ironically, it sounds all too familiar to Obama’s budget spending as well. Remember when President GWB gave up golf because in his words, he did not think it was right as Commander in Chief and it sent the wrong message. It is very unfortunate we have a current president in Obama who does not feel the same as Americans continue to die and millions struggle out of work.
“I don’t want some mom whose son may have recently died to see the commander-in-chief playing golf,” Bush said. “I feel I owe it to the families to be in solidarity as best as I can with them.”
“And I think playing golf during a war just sends the wrong message,” Bush said.
Yet just another example of more poor Obama investments in so-called “Green” energy companies …
Add Fisker Automotive to the long list of Obama’s green energy investment failures. As reported at Bloomberg, Fisker Automotive is firing as much as 75% of workforce. President Barack Obama and the Department of Energy should be forced to explain to the “We the People” why they pissed away the American tax payers hard earned money and continue to do so with these wasteful investments in to so-called green energy. When will the MSM ever do their job and hold Obama accountable? When will the American people ever wake up and do the same?
Fisker Automotive Inc.’s mass firings after receiving federal loans to build luxury plug-in cars is adding to the political debate over the U.S. government’s funding of clean-energy programs.
Most of the assets of Fisker’s battery supplier that received a $249.1 million federal grant, the former A123 Systems Inc. (AONEQ), were acquired last year by a Chinese company. Now Fisker, awarded $529 million in U.S. loans, is firing 75 percent of its workforce after failing to secure a deal with an automotive partner to fund operations.
The debacle is reviving questions over whether the government should be funding makers of alternative energy ventures. Fisker and A123, whose bankruptcy halted Fisker’s output, have drawn Republican criticism of President Barack Obama’s support of green-energy programs intended to spur more fuel-efficient cars.
How long will it be until Fisker Automotive declares bankruptcy? Its already on the list of Obama’s green energy investment failures. Obama’s green energy investments have been a joke, now they are officially a complete joke.
- Evergreen Solar ($25 million)*
- SpectraWatt ($500,000)*
- Solyndra ($535 million)*
- Beacon Power ($43 million)*
- Nevada Geothermal ($98.5 million)
- SunPower ($1.2 billion)
- First Solar ($1.46 billion)
- Babcock and Brown ($178 million)
- EnerDel’s subsidiary Ener1 ($118.5 million)*
- Amonix ($5.9 million)
- Fisker Automotive ($529 million)
- Abound Solar ($400 million)*
- A123 Systems ($279 million)*
- Willard and Kelsey Solar Group ($700,981)*
- Johnson Controls ($299 million)
- Schneider Electric ($86 million)
- Brightsource ($1.6 billion)
- ECOtality ($126.2 million)
- Raser Technologies ($33 million)*
- Energy Conversion Devices ($13.3 million)*
- Mountain Plaza, Inc. ($2 million)*
- Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
- Range Fuels ($80 million)*
- Thompson River Power ($6.5 million)*
- Stirling Energy Systems ($7 million)*
- Azure Dynamics ($5.4 million)*
- GreenVolts ($500,000)
- Vestas ($50 million)
- LG Chem’s subsidiary Compact Power ($151 million)
- Nordic Windpower ($16 million)*
- Navistar ($39 million)
- Satcon ($3 million)*
- Konarka Technologies Inc. ($20 million)*
- Mascoma Corp. ($100 million)
US Unempoyment Rate Drops to 7.6% in March 2013 with a Pathetic 88,0000 Jobs Created … Labor Force Participation to 63.3%, a New 34 Year Low
BARACK OBAMA, EPIC FAILURE … PATHETIC, JUST PATHETIC … Obama’s abysmal Job growth failure.
The US Unemployment rate for March 2013 fell to 7.6%; however, this was done with an anemic 88,000 jobs created. The jobs report fell far short, not a little or just missed as economist expectations of 200,000 new jobs. As reported at Zero Hedge, the unemployment rate declined to 7.6%, but this was due entirely to the collapse in the labor force participation rate, which declined by 20 bps to 63.3%, a new 30 year low. In March labor force de-participation soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. At this rate Obama will have the unemployment rate down to 2% as everyone will have left the workforce and because of the BS fuzzy math they use to calculate the numbers.
Even Obama is going to have a tough time spinning these numbers, but with no GWB to blame, he will find someone
Job creation slowed to a crawl during March, with the U.S. economy creating just 88,0000 positions though the unemployment rate fell to 7.6 percent.
The number was a sharp slide from February’s upwardly revised 268,000.
The Labor Department reported Friday that nonfarm payroll growth eased amid hopes that the economy had begun to achieve the escape velocity needed for sustained growth.
Friday’s report fell short of economist expectations of 200,000 new jobs, though it did confirm some of the weakness in recent reports.
Nonfarm payroll employment edged up in March (+88,000), and the unemployment rate was little changed at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment grew in professional and business services and in health care but declined in retail trade.
Household Survey Data
Both the number of unemployed persons, at 11.7 million, and the unemployment rate, at 7.6 percent, were little changed in March. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men (6.9 percent), adult women (7.0 percent), teenagers (24.2 percent), whites (6.7 percent), blacks (13.3 percent), and Hispanics (9.2 percent) showed little or no change in March. The jobless rate for Asians was 5.0 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)
In March, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 4.6 million. These individuals accounted for 39.6 percent of the unemployed. (See table A-12.)
The civilian labor force declined by 496,000 over the month, and the labor force participation rate decreased by 0.2 percentage point to 63.3 percent. The employment- population ratio, at 58.5 percent, changed little. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) fell by 350,000 over the month to 7.6 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
From USA Today, Dow set to open 150 points lower on weak jobs report.
Futures for the Dow Jones industrial average were down 1% while futures for the Standard & Poor’s 500 index and the Nasdaq 100 composite index were about 0.8% lower after the Labor Department’s monthly employment report was released at 8:30 a.m. ET. The number of jobs created in March was less than half the consensus estimate on Wall Street.
Do You Live in One of the 10 Freest States in the United States or One of the Least … North Dakota Named the Most Free
“Where Liberty Dwells, there is My Country” – Benjamin Franklin
The Blaze announces the 10 freest states and the 10 least … which one doe you live in? In order to calculate these scores, they weight public policies according to the estimated costs that government restrictions on freedom impose on their victims. The fill report can be read here, at “Freedom in the 50 States”. Many of the most free states are so because of low taxation and fiscal policy. North Dakota was named the most free, New York state comes in dead last.
- North Dakota: VIDEO
- South Dakota – VIDEO
- Tennessee – VIDEO
- New Hampshire – VIDEO
North Dakota is the freest state in the U.S., followed closely by South Dakota, Tennessee, New Hampshire, and Oklahoma, according to the Mercatus Center at George Mason University’s third annual “Freedom in the 50 States.”
The 223-page report “scores all 50 states on their overall respect for individual freedom, and also on their respect for three dimensions of freedom considered separately: fiscal policy, regulatory policy, and personal freedom,” the study explains. Surprisingly, Texas did not make the top 10 and was ranked the 14th most free state.
The bottom 10 are 41. Mississippi, 42. West Virginia, 43. Vermont, 44. Maryland, 45. Illinois, 46. Rhode Island, 47. Hawaii, 48. New Jersey, 49. California and 50. New York.
BET Founder Bob Johnson Says “This Country Would Never Tolerate White Unemployment at 14 or 15 Percent” … Blacks Growing Restless With Obama’s Failed Policies
BARACK OBAMA HAS BEEN AN EPIC FAILURE FOR THE BLACK COMMUNITY … BLACK AMERICA, HOW’S THAT HOPEY-CHANGEY STUFF WORKING OUT FOR YOU?
Blacks should wonder why with the first black president, blacks are even more worse off than before … Can they handle the truth? Have they just figured out that Barack Obama has been an complete an epic failure as president? Obama has promised job growth and none nothing but make matters worse, increase the federal debt and increase costs.
As reported by CNS News, Black Entertainment Television (BET) founder Bob Johnson said earlier this week .at the National Press Club that the United States would “never tolerate white unemployment at 14 or 15%”. He went on to say that the unemployment for the black community has been double that of white Americans for over 50 years. Obviously Obama has no issue with the high black unemployment rate as he has made matters worse during his regime. Its also many black leaders are finally making their voices heard after 4 years of silence during Obama’s first term. As per Town Hall, political leaders from the Congressional Black Caucus to the NAACP have begun to open fire on the White House. To be perfectly honest, I am not sure why anyone would tolerate the present national average of unemployment, no matter what one’s skin color is. Obama’s economic policies have been a disaster for all people of any color.
This country would never tolerate white unemployment at 14 and 15 percent. No one would ever stay in office at 14 or 15 percent unemployment in this nation, but we’ve had that double unemployment for over 50 years,” Johnson said while speaking at the National Press Club about the gap between whites and blacks in America.
“The national average is 7.7 percent, and African-American unemployment is 13.8 percent. To be honest, it’s probably greater than that when you count the number of African-Americans who have simply given up on finding employment,” said Johnson, who is also founder and chairman of The RLJ Companies.
However, does Bob Johnson want the truth to his questions, or just more excuses that have been the cause that have kept black unemployment percentages high?
Under President Barack Obama, unemployment for blacks has been abysmal. Males, females and teens have all seen their unemployment numbers skyrocket under Obama. But I thought he cared about them? How does a segment of the population support a president with 95% of the vote and still get nothing in return. And by getting something I do not mean for food stamps, unemployment and Obama phones.
As reported at Vibe, Dr. Benjamin Carson criticizes President Obama on Black unemployment, “If President Obama wants to be a hero in the African-American community, he should do something to alleviate the “abominable” Black unemployment rate in America”.
“I think the best thing that he (President Obama) can possibly do that will help minorities is to enact policies that allow for growth of the economy,” said Carson. “Because when you look at the employment rate for instance in the African American community, it’s abominable. And the policies that have been enacted have only made it worse. They have not made it better. So if he really wanted to be a hero in that community, let’s start doing some things that make sense economically and get the money flowing.”
Barack Obama’s failed job policies are facing bitter criticism from African-American leaders who say black unemployment has grown worse under his presidency.
After four years of holding their tongues and remaining quiet in the face of sharply rising black unemployment and record poverty, political leaders from the Congressional Black Caucus to the NAACP have begun to open fire on the White House.
Unemployment for both women and African-Americans is higher today than it was when President Barack Obama first took office in 2009, according to federal government data.
Despite an economy that has technically been in recovery since June of 2009, many economic indicators are the same or worse than when President Obama gave his first address to a Joint Session of Congress in February 2009.
“We will rebuild, we will recover, and the United States of America will emerge stronger than before,” Obama said in that speech.
However, employment for African-Americans and women has not recovered and, in fact, is worse today than it was when Obama said those words.
MAKING PEOPLE DEPENDENT UPON GOVERNMENT TO GET THEIR VOTE WILL NEVER FIX THE PROBLEM.
Joe Biden to take third vacation of the year … More shared sacrifice from the 1% Obama Administration.
As millions of Americans struggle to maintain a roof over their heads, struggle to have a job, struggle with the increased costs of gas, the 2% payroll tax, and increase in insurance premiums thanks to Obamacare, and as a record number of Americans are on food stamps … Joe Biden thinks it is perfectly ok to take a third vacation of 2013. Obama, Biden and Democrats talk about the cut backs, furloughs and the pain that will be caused to the American people, but that is only for you. Obama and Biden will not be affected at all. Welcome to the 1% Presidency.
Biden to America … I have 5 more vacations planned in the next couple months … you people were foolish enough to reelect us
Vice President Biden today is enjoying his third vacation of the year, a five day sojourn on South Carolina’s luxurious Kiawah Island, where he will no doubt partake of his favorite pastime, golf.
Biden and his wife Jill arrived on the island – known as a golf mecca – Thursday night and are not scheduled to depart before Monday.
Biden’s trip is the latest episode in a bout of rampant vacationing by the First and Second Families, who have been roaring out of Washington this year on taxpayer-funded excursions even as the deficit mounts and the sequester axes jobs and critical spending on other priorities.
This administration is simply despicable. One would think that they would lead by example. Not these clowns.
The latest PEW Research poll looks much like many of the other polls that Obama and his minions want you to disregard.
PEW Research poll has President Barack Obama’s job approval rating falling to 47%. This represents an 8% fall from his reelection to a second term and his December 2012 approval ratings. As The Daily Caller astutely points out, and as we learned from the 2012 presidential elections, the polls are always correct. There is going to come a point where Obama’s numbers crater for good. The American people are tired of being tired, and frankly growing weary of Obama’s promises. George W. Bush can no longer be blamed for the economy and the fact that the unemployment rate is going down has nothing to do with job growth. It has to do more with individuals leaving the work force. Look for the 2014 midterms to be a final choice by America whether they want to be a once proud country on the principles that our Nation was founded, or whether they want to be Western Europe and Cyprus.
Barack Obama’s job approval rating has tumbled since shortly after his re-election, as the public’s economic expectations for the coming year have soured. Despite substantial public awareness of recent gains in the stock market and rebounding real-estate values, the percentage saying economic conditions will get worse over the next year has risen to its highest point in nearly eight years.
Obama’s job approval measure has fallen eight points since December, from 55% to 47%. His rating is comparable to George W. Bush’s (45%) at the same point early in his second term and is much lower than Bill Clinton’s 60% rating in February 1997.