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.
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.
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.
Former Speaker of the House Democrat Nancy Pelosi may have told only one truth in her political life when she said, We have to pass Obamacare to find out what’s in it. However, it was like playing Russian roulette in doing so. Guess what America, there was a bullet in the chamber.
As reported at The Hill, the Federal Reserve released an edition of its so-called “beige book,” that said the 2010 healthcare law is being cited as a reason for layoffs and a slowdown in hiring. The complex and all encompassing law is not just about healthcare, its about control of ones life and the government take over of healthcare. Why would one think that there are over a thousand pages? As reported at the Weekly Standard, that Obamacare baffles even its ardent supporters as was the case with Donna Brazile who famously tweeted her confusion a week or so ago. The bill is awesomely complex and the claims made for it by its authors and supporters are impossibly optimistic many of whom may not really expect it to perform as sold. Obama, Pelosi, Reed, Democrats and the liberal MSM all knowingly misrepresented Obamacare and inflicted this Hell on America.
America, Pelosi, Obama and Reed at laughing at you!
The Federal Reserve on Wednesday released an edition of its so-called “beige book,” that said the 2010 healthcare law is being cited as a reason for layoffs and a slowdown in hiring.
“Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff,” said the March 6 beige book, which examines economic conditions across various Federal Reserve districts across the country.
That line was found in a section of the Fed’s report on employment, wages and prices. That same section also said the Atlanta district noted that healthcare regulations are so burdensome there is a shortage of compliance specialists.
“Atlanta noted a lack of compliance specialists due to heavier regulations in the healthcare industry,” it said.
Remember when Nancy Pelosi told us that Obamacare would create 400,000 jobs, almost immediately? She stated that this job was not only about health care, it was about jobs too. As it turns out, it was about neither and you bought it hook, line and sinker America.
Obamacare is a nightmare for America and now it appears that the cowardly establishment Republicans do not have the spine to defund this beast.
President Barack Obama’s job approval numbers are back into the 40′s. It’s only a matter of time that voters have buyer’s remorse and are sick and tired of the lack of leadership from this president. The consistent excuses and blame are growing old. So is the lack of jobs. Obama is the worst job recovery President since the Great Depression. Obama can no longer blame Bush and his exaggerations of the apocalypse of sequestration will be his undoing. Americans patients will grow thin when they realize that he cares more about his legacy than what’s good for Americans and the United States.
UPDATE I: As reported at the Politico, Obama’s approval rating was 46 percent between Feb 29 and March 2, down from 53 percent a week earlier.
The drop comes after Obama and Congress failed to reach a last-minute deal and automatic sequester cuts kicked in across the government on Friday.
His disapproval rating also jumped to its highest level since November, hitting 46 percent over the weekend, up from 40 percent a week earlier.
Is it a coincidence that Obama’s approval ratings have fallen following the sequestration, or is it a result of? As stated at Powerline, Obama made promises he did not keep, he has made outlandish claims that the sky would fall and he lied when he claimed the sequestration was not his idea. Are the people finally getting fed up with Obama?
Is it because folks remembered President Obama’s promise during one of the debates that there will be no sequester? Is it because wrod got out that the sequester was Obama’s idea? Is it because folks don’t mind the sequester and resent Obama’s effort to make it sound like the end of the world?
President Barack Hussein Obama stated, “I am not a dictator. I am the president.” Really? It’s been my experience in life when ever some one has to tell you who they are not, they usually are.
Isn’t it dictators who disregard the will of the people and cram their agenda down the throats of those they rule, such like Obamacare? Isn’t it dictators like Nicolae Ceausescu, Saddam Hussein, and Fidel Castro who also released criminal prisoners? Isn’t it dictators who play class warfare and keep its citizens at each others throats so that they can rule by fiat? Isn’t it a dictator who threatens the media to keep them in line so that they will operate as their propaganda tool? Isn’t it a dictator who wants to keep the people dependent upon the government and food stamps, and cause individuals to struggle as median incomes fall? Isn’t it a dictator who makes false promises to their people to keep them in line when they knew all along it was a lie? Isn’t it a dictator who would consistently show contempt for the US Constitution whose sole purpose was to define federal authority and the rights of the People?
Isn’t it a dictator who would watch millions of Americans struggle, lose their jobs, homes and businesses while they go on vacations, weekly gold outings and live the life of Riley? All the while they say they care, but do nothing but keep the citizenry at conflict with one another. Isn’t it a dictator who would over-regulate business in order to control and suppress the economy? Isn’t it a dictator who blames everyone one else for the ills of society, when they are the one who is in control? Isn’t it a dictator who would want to control an individuals entire life from birth to death? All in all, I would say you are a dictator.
Sorry, I know tyranny when I see it.
”I am not a dictator. I am the president.” “So, ultimately, if Mitch McConnell or John Boehner say that we need to go to catch a plane, I can’t have Secret Service block the door way, right?”
The Waters who Cried 170 Million Wolves … Rep. Maxine Waters (D-CA) Claims, “Over 170 Million Jobs Could Be Lost” Due To Sequestration
The Democrat sequestration insanity continues …
It’s the end of times America, welcome to the exaggeration of Obama and Democrats with sequestration. Forget the Mayan end of the world predictions, we have the ridiculous comments of California Democrat US Rep. Maxine Waters. She stated in the latest Democrat “Chicken Little”, the sky is falling that sequester cuts mean “over 170 million jobs could be lost.” Maybe Rep. Waters should have had Dr. Evil deliver the statement?
Representative Waters, if you are going to cry wolf, at least get your numbers right so you don’t look like a complete, lying fool, only a complete fool. But as the Ace of Spades says, “Math iz hard.”
Yesterday we did have Mr. Bernanke in our committee and he came to tell us what he’s doing with quantitative easing and that is trying to stimulate the economy with the bond purchases that he’s been doing because he’s trying to keep the interest rates low and jobs – and he said that if sequestration takes place, that’s going to be a great setback. We don’t need to be having something like sequestration that’s going to cause these jobs losses, over 170 million jobs that could be lost.
170 MILLION? What an idiot. As stated over at Michelle Malkin.com, “There are around 150 million people employed in the United States at the moment. According to Rep. Maxine Waters, the sequester will have such a devastating impact that all of those people will lose their jobs, and 20 million of them will lose their jobs twice.” Or maybe she is counting 20 million illegals working in the US? But one has to wonder why Democrats like Maxine Waters are so worried about all these jobs lost, isn’t it Democrats and her fellow US Rep. from California Nancy Pelosi who think that unemployment is a boost to the economy?
Economy Surges in America’s Low Tax, Energy Rich, Pro-Business Red State Growth Corridors … Obamanomics Disproved Yet Again
OBAMANOMICS: EPIC FAILURE …
It is no coincidence that “RED” states with energy rich, low taxes and less oppressive government regulation are showing an economic growth in the United States as liberal “blue” states like California and Massachusetts are not. The trends show that the U.S. economic future is dominated by four growth corridors that are generally less dense, more affordable, and markedly more conservative and pro-business: the Great Plains, the Intermountain West, the Third Coast, spanning the Gulf states from Texas to Florida, and the Southeastern industrial belt. When businesses move to these areas for economic reasons, the people will follow. Imagine that, what a novel concept. Areas that are low in taxes, pro-business, energy rich states that are not afraid to unleash capitalism are a success. What do most all of the states have in common, they are “Red” states.
In the wake of the 2012 presidential election, some political commentators have written political obituaries of the “red” or conservative-leaning states, envisioning a brave new world dominated by fashionably blue bastions in the Northeast or California. But political fortunes are notoriously fickle, while economic trends tend to be more enduring.
These trends point to a U.S. economic future dominated by four growth corridors that are generally less dense, more affordable, and markedly more conservative and pro-business: the Great Plains, the Intermountain West, the Third Coast (spanning the Gulf states from Texas to Florida), and the Southeastern industrial belt.
Overall, these corridors account for 45% of the nation’s land mass and 30% of its population. Between 2001 and 2011, job growth in the Great Plains, the Intermountain West and the Third Coast was between 7% and 8%—nearly 10 times the job growth rate for the rest of the country. Only the Southeastern industrial belt tracked close to the national average.
More interesting data pointed out by Instapundit showing the migration of the population away from the high tax states. Their fear though is that will the migration of blue state liberals ruin the places to where they are going to as they have devastated the Northeast and states like California and Illinois. My personal opinion is no. The moochers and leeches will stay put looking for a government hands and entitlements. Those who are tired of the high taxes and liberal oppression are the ones who are looking for greener pastures. Or should I say “red” state pastures.
Since 2000, the Intermountain West’s population has grown by 20%, the Third Coast’s by 14%, the long-depopulating Great Plains by over 14%, and the Southeast by 13%. Population in the rest of the U.S. has grown barely 7%. Last year, the largest net recipients of domestic migrants were Texas and Florida, which between them gained 150,000. The biggest losers? New York, New Jersey, Illinois and California.
UNBELIEVABLE, GET READY FOR 4 MORE YEARS OF ECONOMIC PAIN AMERICA AND YOU VOTED FOR IT …
Don’t worry Obamanomics has saved the US economy, NOT!!! America, the following is not a Joe Biden gaffe. It is what the Obama administration and Democrats actually believe. They think that you are no longer worried about the economy and this way it will enable Obama to move on to guns and immigration as Americans continue to be unemployed. Yesterday at the White House, the economist Joe Biden told reporters, Americans no longer worried about the economy.
“They are no longer worried, I think, about our economy being overwhelmed either by Europe writ large, the EU, or China somehow swallowing up every bit of innovation that exists in the world. They are no longer, I think, worried about our economy being overwhelmed beyond our shores.”
What say you America, are you concerned about the economy, lack of job growth, record number of Americans on food stamps and a standard of living that continues to go down? Just curious, what has changed? It certainly cannot be President Barack Obama’s economic record of job growth as Obama wins the “Gold For Worst Economic Recovery Ever”.