GDP Grew 0.2% For Q1 2015 >>> GDP Shrank 0.7% For Q1 2015.
The GDP was originally said to have grown at a meager 0.2% for the first quarter of 2015 back in April. That was bad enough, however, it gets worse. The GDP was revised down to -0.7%. That means that the economy actually shrank by 0.7%. There was no growth. Way to go Barack Obama with your lousy economic plan that has done nothing but make money for the Wall Street ultra-rich. The GDP in Q4 2014 was 2.6%. It would appear we are headed in the wrong direction. The report was the government’s second estimate of first-quarter GDP. It will publish a final estimate in June. Wow, it may actually get revised to an even worse number.
A tax cut or reduction of regulation is certainly not on the table for this socialist president. Of course Obama and his minions will point to the unemployment number of 5.4% for the uninformed in America. The reality is that unemployment is in double digits.
The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially thought.
The overall economy as measured by the gross domestic product contracted at an annual rate of 0.7 percent in the January-March period, the Commerce Department reported Friday.
The revised figure, weaker than the government’s initial estimate of a meager 0.2 percent growth rate, reflects a bigger trade gap and slower consumer spending. It marked the first decline since a 2.1 percent contraction in the first three months of 2014, a slump that was also blamed on winter weather.
US Only Adds 126,000 Jobs in March 2015 … 245K Expected; Unemployment Rate Remains at 5.5% … Record Level of Americans Not in Labor Force
THE OTHER BARACK OBAMA LIE … THERE IS AN ECONOMIC RECOVERY IN THE US.
Economic recovery, what economic recovery? As reported at CNBC, economists expected nonfarm payrolls to rise 245,000 in March 2015 and the unemployment rate was to remain the same; however, the numbers came in much, much, much lower. In fact, only 126,000 jobs were created in March, the smallest gain since December 2013. OK, so how did only half the number of jobs come in as predicted and the unemployment rate did not go up, Hmm?
Do you really want to know who such fuzzy math can take place and a lying Obama and his minions can claim that 5.5% is a good thing when it is not? How about a record 93,175,000 Americans are not in the Labor Force!!!
The sputtering U.S. economy created just 126,000 jobs in March as bad weather, weak consumer spending and flailing corporate profits resulted in the worst report since December 2013.
Economists expected nonfarm payrolls to rise 245,000 in March, with the unemployment rate holding steady at 5.5 percent, according to Reuters. February’s numbers were revised lower to 264,000 from the initially reported 295,000, while January’s number fell from 239,000 to 201,000.
The total fell well short of the 269,000 average over the past year and was the first time in 14 months that the number dropped below 200,000.
However, the overall unemployment rate held steady at 5.5 percent, as a generational low in labor force participation helps keep the figure low. A separate gauge that includes those who have stopped looking for work as well those employed part-time for economic reasons—the underemployed—edged lower from 11 percent to 10.9 percent.
More Americans dropped out of the labor force last month, as the number of people not in the labor force hit another record high in March.
According to Friday’s Bureau of Labor Statics jobs data 93,175,000 Americans were not in the work force in March, an addition of 277,000 to February’s level of 92,898,000.
The BLS defines people not in the labor force as people ages 16 and older who are neither employed nor have they “made specific efforts to find employment sometime during the 4-week period ending with the reference week.”
The work force decline also corresponded with a drop in the labor force participation rate, wherein March’s rate of 62.7 percent matched earlier lows seen September and December 2014 but not seen before since in 1978. February’s participation rate was 62.8 percent.
You have heard of “cash for clunkers, now comes … “Jobs for Jihadis”. Check out the below video of Dana Loesch mocking the Obama White House and State Department spokesperson Marie Harf’s comments that it is because ISIS lacks jobs and opportunities as to the reason why they are terrorists and barbarically slaughter Christians in the Middle East … #Jobs for Jihadis. However, wouldn’t one of the issues be that the Jihadis would not be interest in Obama’s “green” job agenda, the radical Islamists are more interested in blood “red” ones.
Watch and enjoy … remember when SNL used to have sarcastic humor of real life events like this? I wonder if this humor is too nuanced for State Department spokesperson Marie Harf?
Remember When Emperor Barack Obama Said He Did Not Have the Power to Take Executive Action on Immigration?
Not only does the Emperor have no clothes, he has no credibility and no Constitutional authority …
Remember when Emperor Barack Obama said the following:
- “I take the Constitution very seriously, the biggest problems that we facing right now is George Bush trying to bring more and more power into the Executive branch and not go through Congress at all. And that is what I intend to reverse when I am President of the United States of America.”
- “There are enough laws on the books by Congress that are very clear in terms of how we have to enforce our immigration system.”
- “For me to simply through executive order ignore those congressional mandates would not conform with my appropriate role as president.”
- “With respect to the notion that I can just suspend deportations through executive order, that’s just not the case.”
- “There are laws on the books that I have to enforce”.
- “If in fact I could solve all these problems without passing laws in Congress, then I would do so.”
- “This notion that I can change laws unilaterally is just not true”.
Really Mr. President? Because last night when you announced your executive order on immigration, you pretty much did a 180 on every single previous remark you have ever made on the issue. So much for the rule of law and the US Constitution. If Barack Obama cared so much about these families and even went so far to cite scripture, why didn’t he do it sooner? Just curious, does Obama care about the American legal citizens whose families are about t be affected by this influx? How about all the people who came to the United States legally?
The president will also announce plans to shift enforcement efforts, ordering federal law enforcement officers to narrow their focus to those illegal immigrants with criminal records, gang affiliations or ties to terrorism.
And Obama will expand the total number of high-tech visas that are available, as well as loosen restrictions so that more would-be entrepreneurs can travel legally to the United States to launch companies.
The president and other Cabinet and senior administration officials plan to “fan out” across the country over the coming weeks in order to promote the executive actions, according to one aide.
The moves are all aimed at “bringing some accountability to our broken immigration system,” a senior administration official said Thursday.
The biggest change to the immigration system will be a new program that allows the parents of U.S. citizens and permanent residents to apply for work permits and deferred deportation.
An estimated 4 million parents will be eligible for the initiative. They are people who have been in the United States for at least five years and have no felony convictions but are currently in the country illegally.
Lawrence O’Donnell of MSNBC on Barack Obama’s Immigration Plan (VIDEO) … “I Haven’t Found a Single Elected Democrat in Washington” that Can Legally Justify It
HMM … EVEN LAWRENCE O’DONNELL OF
MSLSD MSNBS MSNBC HAS ISSUES WITH WHAT BARACK OBAMA INTENDS TO DO AND QUESTIONS ITS LEGALITY …
This does not happen very often, a host at MSNBC has a lucid moment. Although he bypassed many parts of Barack Obama’s intended immigration changes, even though they are Unconstitutional, Lawrence O’Donnell questioned his panel to give him the legal justification. O’Donnell states, I have not found a single elected Democrat in Washington that could give me the legal justification that allows Obama to do this. You know it is mad when even MSNBC questions a Democrat president.
Daily Commentary – Wednesday, September 17, 2014 – CNN Loses Case with the National Labor Relations Board
- After an 11 year old labor dispute, it ordered the network to rehire or compensate about 300 former workers
BARACK OBAMA, THE WORST PRESIDENT EVER!!!
According to the most recent Gallup poll, three day rolling average, Barack Obama has tied his all-time low for job approval at 38%. At some point though, Obama’s job approval numbers have to sink even lower as we look around and nothing, I mean nothing is positive for the United states or Americans, both in domestic and foreign policy, in the disastrous Obama presidency. As Obama’s poll numbers continue to shrink, the MSM-Democrat state run media complex refuses to report the news.
- U.S. Economy added a pathetic 142,000 jobs in August, 2014
- The July payroll number was revised up from plus 209,000 jobs to plus 212,000 but June’s count was revised down from 298,000 jobs added to 267,000. Total employment gains those months were therefore 28,000 lower than what BLS originally reported.
- Black unemployment at 11.4%
- Labor Force; Participation Rate Matches 36-Year Low, 92,269,000 not in work force.
- IRS Scandal Continues … Benghazi-gate scandal continues.
- ISIS on the move creating a caliphate, murdering innocents and beheading two Americans with a muddled, dithering and weak response from Obama.
- Obama, a disastrous conclusion that ISIS was the Jayvee, turns out it was Obama who is the rank amateur.
- Putin on the move … China on the move … ISIS on the move … Iran’s nuclear capability on the move Thanks to a weak Ditherer in Chief and the world no longer fears the US because of Obama.
- Obamacare is to a costly joke.
- Afghanistan and Iraq all but lost after the loss of so many brave American military souls.
- Amnesty for illegals.
The below average polling for Obama’s job approval is at 40.25% Approve and 54.25% Disapprove.
Reuters/Ipsos – 8/30 – 9/3: 38% Approve – 56% Disapprove (-18)
Gallup – 9/2 – 9/5 : 38% Approve – 54% Disapprove (-16)
The Economist/YouGov – 8/30 – 9/1: 41% Approve - 56% Disapprove (-15)
GWU/Battleground – 8/23 – 8/28: 44% Approve - 51 Disapprove (-7)
USA Today/Pew Research – 8/20 – 8/24: 42% Approve - 50% Disapprove (-8)
Posted September 6, 2014 by Scared Monkeys
Act of War, Afghanistan, Amnesty, Barack Obama, Benghazi-Gate, Blacks, Bystander in Chief, China, Corruption, Cover-Up, Divider in Chief, Economy, Epic Fail, Foreign Policy, Gallup, Illegal Immigration, Iran, IRS-gate, ISIS, Islamist, Jihad, Job Approval, Jobs, Labor Force, Latinos/Hispanic, Leading from Behind, Libya, Lost in Smallness, Media Bias, Middle East, Misleader, Obamacare, Obamanation, Obamanomics, Polls, Radical Islam, Russia, Scandal, Syria, Terrorism, The Lying King, Unemployment, Vladimir Putin, War on Terror | 3 comments
Barack Obama as Divisive and Clueless as Ever on Labor Day … “If I Were Looking for a New Job … I’d Join a Union”
IT’S TOO BAD BARACK OBAMA WAS NOT LOOKING FOR A NEW JOB NOW …
Barack Obama used Labor Day as yet another opportunity to spew divisiveness and and make a political speech. Barack Obama told a union audience in Wisconsin on Monday that while “Republicans in Congress love to say no,” he is the one who “placed a bet on America’s workers” and would “join a union” if he were looking for a new job. I guess mum was the word as Obama has said “NO” to the XL Keystone Pipeline and the thousands of jobs that would create for Americans, namely union workers. What a feckless, pathetic president who after six years of failure is still blaming others. Obama touted his accomplishments as president as real unemployment in the United States is at between 12.6% and 18%.
What is truly sick, is Barack Obama showed more passion at this union event than he did in his response to ISIS where he had no plan. Obama has done everything to destroy job growth in America as labor unions go along and act as his useful idiots.
CNN – The Divider in Chief was at it again:
The President used the Labor Day gathering of 6,000 union members and their families to herald organized labor’s role in passing the 40-hour work week, overtime pay for workers and a minimum wage. Standing before helmet-clad workers sporting “We Are One” t-shirts, Obama also said he would likely join a union.
“If I were looking for a good job that lets me build some security for my job, I’d join a union,” the President said to raucous applause. “If I were busting my butt in the service industry and wanted an honest day’s pay for an honest day’s work, I’d join a union…I’d want a union looking out for me and if I cared about these things I’d also want more Democrats looking out for me.”
The midterms are important for Democrats and Obama’s legacy. Midterms in a second term are historically bad for the President’s party, and Democrats are facing the prospect of losing the Senate and staying the minority in the House in 2014.
“Republicans in Congress love to say no,” Obama said. “Those are just facts, the facts of life. They say no to everything.”
Another Abysmal Jobs Report … Only 113,000 jobs Created in January 2014 … Unemployment Rate Down to 6.7%
Obamacare, Obamanomics and Barack Obama’s disastrous redistribution policies continue to create uncertainty and poor jobs reports …
January’s Jobs report shows that a meager 113,000 jobs were created, falling far below forecasters’ predictions of 185,000 new jobs. How are jobs supposed to be created in an environment where Barack Obama and his minions cause uncertainty and pass so many regulations on business that it makes it impossible? According to how the administration talks about Obamacare, no one has to work anymore, they got their Obamacare and subsidies.
Our plan is working perfectly to transform America into a third world country
The U.S. economy added just 113,000 jobs in January, a small improvement over December’s disappointing report but not nearly enough to signal a much-needed rebound in the increasingly unpredictable U.S. labor market.
The number of jobs created fell well below forecasters’ predictions of 185,000 new jobs.
The headline unemployment rate was 6.6%, according to figures released by the U.S. Labor Department, down from 6.7% in the prior month.
From CNBC: Stocks Fall on poor jobs report.
U.S. stock-index futures turned higher, reversing course on losses that came in the immediate aftermath of the January jobs report, with fewer Americans finding work in January than estimated, but the unemployment rate fell.
“Mitigating some of these negatives is the unemployment rate ticked a bit lower and the labor participation rate ticked up. Both of those are good things,” said Chris Gaffney, senior market strategist at EverBank.
The government reported the creation of 113,000 jobs in January versus expectations of 185,000. The jobless rate fell to 6.6 percent versus an expectation of 6.7 percent.
Among the major worker groups, the unemployment rates for adult men (6.2 percent), adult
women (5.9 percent), teenagers (20.7 percent), whites (5.7 percent), blacks (12.1 percent),
and Hispanics (8.4 percent) showed little change in January. The jobless rate for Asians
was 4.8 percent (not seasonally adjusted), down by 1.7 percentage points over the year.
(See tables A-1, A-2, and A-3.)
The number of long-term unemployed (those jobless for 27 weeks or more), at 3.6 million,
declined by 232,000 in January. These individuals accounted for 35.8 percent of the
unemployed. The number of long-term unemployed has declined by 1.1 million over the year.
(See table A-12.)
Check out what the REAL Unemployment rate looks like.
Tea Party Response to Obama’s SOTU from Sen. Mike Lee (R-UT) … Calls Obamacare an “Inequality Godzilla.” that Has Robbed Americans of Their Insurance, Doctore, Wages and Jobs
I hate to say we told you so America, but we told you so …
Sen. Mike Lee (R-UT) provided the Tea Party response to President Barack Obama’s State of the Union address blamed big Democrat, progressive, liberal government for the problems that Americans face and no greater example of out of control, over-reaching, over-spending and over-stated than the presidents signature piece of legislation, Obamacare. Lee referred to Obamacare as an “Inequality Godzilla, that has robbed working families of their insurance, their doctors, their wages and their jobs.” Kudos to Senator Lee for also placing blame at the hands of establishment Republicans as well for the problems we face as he stated, “they can be just as out-of-touch as the Democratic Establishment.”
“This inequality crisis presents itself in three principal forms,” Lee (R-Utah) said. “Immobility among the poor, who are being trapped in poverty by big-government programs; insecurity in the middle class, where families are struggling just to get ahead, and they can’t seem to get ahead; and cronyist privilege at the top, where political and economic insiders twist the immense power of the federal government to profit at the expense of everyone else.”
“Obamacare – all by itself – is an inequality Godzilla that has robbed working families of their insurance, their doctors, their wages and their jobs,” Lee said. “Many Americans are now seeing why some of us fought so hard to stop this train-wreck over the last four years.”
“I believe we need to do what Americans have always done – come together and press for positive change. Protesting against dysfunctional government is a great American tradition, going back to the original Tea Party in Boston, about 240 years ago,” Lee said. “Americans have a natural instinct to stand up and speak out when they know something is wrong. … Unfortunately, in recent years, we have had no choice but to engage in a number of protests against our current president’s Washington-centered agenda.”
The truth of the matter is that income inequality has risen under Barack Obama.