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.
Contrary to what Americans were Told … The CBO Says Obamacare Is Slowing Growth & Will Kill the Equivalent 2.5 Million Jobs in America Over the Next Decade
OBAMACARE IS THE GREATEST HOAX AND FRAUD THAT HAS EVER BEEN PERPETRATED UPON THE AMERICAN PEOPLE …
Not only is the Affordable Healthcare Act not affordable, it is also not the job creator that it was promised to be. As reported at The Hill, according to the Congressional Budget Office (CBO) said today that Obamacare is likely to kill 2.5 million jobs, while slowing overall economic growth over the next decade. This colossal fiasco is a nightmare for Americans and for America. The CBO also projected that “as a result of the ACA, between 6 million and 7 million fewer people will have employment-based insurance coverage each year from 2016 through 2024 than would be the case in the absence of the ACA.” This from the government’s own bean counters. Folks, you might want to remember this during the 2014 midterm elects as O-care was passed 100% by Democrats with 0% GOP support.
Those gullible fools believed that it was affordable, they believed it was a job creator, hahahahaha …
The new healthcare law will cost the nation the equivalent of 2.5 million workers in the next decade, the Congressional Budget Office (CBO) estimated in a report released Tuesday.
The nonpartisan agency found the reform law’s negative effects on employment would be “substantially larger” than what it had previously anticipated.
It said the equivalent of 2.3 million workers would be lost by 2021, compared to its previous estimate of 800,000, and that 2.5 million workers would be lost by 2024. It also projected that labor force compensation would be reduced by 1 percent from 2017 to 2024 — twice its previous estimate.
Although the CBO projects that total employment and compensation will increase over the coming decade, that increase will be smaller than it would have been in the absence of the healthcare law.
The findings immediately roiled the debate over the healthcare law on Capitol Hill ahead of this year’s midterm elections.
Remember when then Speaker of the House Nanacy Pelosi (CA-D) told us that Obamacare was not just about health security but it was also about jobs? She stated that Obamacare was a job creator and would create 4 million jobs and 400,000 jobs immediately? LIAR!!! You can watch the longer version of Pelosi’s lies on Obamacare HERE. What a pack of lies these people told to the American people and it was this fraud, along with other that got Barack Obama, the worst president in modern times, reelected.
CBO Delivers Sends Death Blow to Obamacare … you live by the CBO and you die by it as well.
Is Barack Obama Really Make Income Inequality a Main Topic at SOTU Address When it Has Increased Under his Presidency? Income Gap Widened Under Obama
Like everything Barack Obama has touched or claims he wants to make better, has become worse under his presidency …
The Divider in Chief Barack Obama is back to his old games of blaming the rich for the evils of society. What else is Obama going to do when he is an abject failure who has only made matters worse since he has been in office? Obama rails about income inequality and that it is the worse problem of out time, yet he is responsible for making the gap wider. From the president who makes class warfare part of his daily agenda and who claims he is for the common man, while demonizing the rich, Barack Obama has widened the income gap during his presidency turning the gap into a canyon.
Click on pic to watch VIDEO of the income gap under Obama
Income inequality — the gap between the rich and poor — is an issue U.S. presidents of both parties have spoken of for years.
President Clinton touted, toward the end of his term, that wages were rising “at all income levels” for the first time in decades. President George W. Bush, toward the end of his, pondered the best way to respond to income inequality, noting some policies “lift people up” and some “tear others down.”
But perhaps no president has hammered the issue as emphatically as President Obama.
In his 2012 State of the Union address, Obama said: “The defining issue of our time is how to keep that promise alive. No challenge is more urgent. No debate is more important. We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by, or we can restore an economy where everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same set of rules.”
But a look back shows that income inequality has grown, not shrunk, under the current president.
“All told, income inequality has tended to get worse under President Obama,” American Enterprise Institute President Arthur Brooks said.
According to a recent FOX News poll, Barack Obama polls miserably on doing his job on the issue of income inequality. 52% disapprove with how Obama has handled income inequality and only 39% approve. So with Obama failing at an issue he claims to care about, how does he even have the audacity to bring the issue up at the State of the Union Address? Obama’s economic policies have made things worse for those lower income earners, while he has made the Wall Street fat cats richer. Hmm, but I thought Obama hated the rich? Obama has falsely propped up the stock markets thanks to the fed’s quantitative easing which only made the top 5% and 1% more and more money. It is those folks who can afford to take risks in the markets. However, for the average people who Obama claims to care about and tries to talk a good game, according to the recent Fox poll, 74% still feel like the country is in a recession. But don’t worry America, Obama has the answer to fixing income inequality … raising the minimum wage. Good grief, really! With so many people unemployed or underemployed, with so many Americans on food stamps and with so many people having just given up and not even in the labor force, why wouldn’t the gap be larger? When a Democrat party sets out to create a government dependent class of people, why is it that much of a surprise that the gap widens? Recessions affect the middle and lower classes the most.
Using tax-return data from the IRS, Saez has built extensive income-distribution datasets going back 100 years. He defines “income” as pre-tax cash market income — wages and salaries; dividends, interest, rent and other returns on invested capital; business profits; and realized capital gains. He excludes Social Security payments, unemployment benefits and other government transfer payments, which are more substantial today than before the Great Depression.
In 1928, the top 1% of families received 23.9% of all pretax income, while the bottom 90% received 50.7%. But the Depression and World War II dramatically reshaped the nation’s income distribution: By 1944 the top 1%’s share was down to 11.3%, while the bottom 90% were receiving 67.5%, levels that would remain more or less constant for the next three decades.
But starting in the mid- to late 1970s, the uppermost tier’s income share began rising dramatically, while that of the bottom 90% started to fall. The top 1% took heavy hits from the dot-com crash and the Great Recession but recovered fairly quickly: Saez’s preliminary estimates for 2012 (which will be updated next month) have that group receiving nearly 22.5% of all pretax income, while the bottom 90%’s share is below 50% for the first time ever (49.6%, to be precise).
FOX News Poll: Obamacare Hits Record Lows, Obama’s Handling of Economy, Immigration, Federal Debt, Immigration and Income Inequality Poll Poor as Well
Hey America, How’s that “Hopey-Changey” thing working out for you?
The more that Americans learn and have to deal with Obamacare, the more they hate it. According to a recent Fox News poll, a record number of Americans oppose Barack Obama’s signature piece of legislation, the not-so Affordable Healthcare Act. Fifty-nine percent now oppose Obamacare and a record low of 38% now support it. Obamacare in the eyes of the American people is not getting better, it is getting worse. To quote former Democrat House Speaker Nancy Pelosi, “we have to pass the bill in order to find out what is in it” and the American people loath what’s in Obamacare. Americans are learning that were not just lied to by Barack Obama regarding Obamacare, they are learning that they were fed nothing but BS and Obamacare is a complete disaster in policy, not just implementation.
Hmm … wasn’t Obamacare created to sign up the so-called 50 million uninsured in America? Where are all the people?
A record high number of voters now oppose the 2010 Affordable Care Act and a record low number supports it, according to the latest Fox News poll.
In addition, a majority thinks the new law will increase their health care costs, while few think it will improve their quality of care.
The new poll finds 59 percent of voters oppose the health care law, up from 55 percent who opposed it six months ago (June 2013). The increase in opposition comes from both independents and Democrats.
Nearly a third of Democrats — 30 percent — oppose the law, up from 22 percent in June.
Opposition among independents went from 53 percent to 64 percent today.
The LEFT will be quick to say, well that’s a FOX News poll, what would you expect. Oh contraire mon frère … the RCP average polling on Obamacare has 37.6% For and 54.5% Against. It would appear that the Fox poll is right in line.
But it is not just healthcare that Obama is having problems with. Accross the boar on the major issues of the day, Barack Obama is a complete failure. It is really too bad that presidents do not have to face recall elections.
Do you approve or disapprove of the job Barack Obama is doing on the following issues? (All polling data can be read HERE)
- Income inequality: 39% Approval - 52% Disapprove - 9% Don’t Know
- The economy: 38% Approve - 59% Disapprove - 3% Don’t Know
- Health care: 38% Approve - 59% Disapprove - 3% Don’t Know
- Immigration: 36% Approve - 54% Disapprove - 11% Don’t Know
- Iran: 35% Approve - 53% Disapprove - 12% Don’t Know
- Gun control: 35% Approve - 57% Disapprove - 8% Don’t Know
- The federal deficit: 28% Approve - 66% Disapprove – % Don’t Know
Martin Luther King Jr. Day 2014 … A Dream that All Can Embrace … “Will One Day Live in a Nation Where They Will not be Judged by the Color of their Skin but by the Content of their Character”
MARTIN LUTHER LING JR. DAY – 2014.
On this Martin Luther King Jr. Day let us all reflect on “The Dream” and the fact that we as a Nation have come a long way since the 1960′s. We are a much better country for it. However, that does not mean that we do not still have more to do and will most likely always will. MLK Jr’s message goes out to all people, not just one message to blacks or another to whites. Martin Luther King Jr. had a dream, do not let others interpret that dream for you. Do not let those with an agenda that is far from “The Dream” to make you feel less or call you something that you are not. Martin Luther King Jr. was correct, it is never about the color of one’s skin, it is always about the content of one’s character. Always! That means the character of those who would lie to you or highjack “The Dream” for their own purposes. Those who are divisive and keep races at each other do a disservice to Martin Luther King, Jr.
August 28, 1963
Full text of MLK Jr’s “I Have a Dream” speech can be read here.
I say to you today, my friends, that in spite of the difficulties and frustrations of the moment, I still have a dream. It is a dream deeply rooted in the American dream.
I have a dream that one day this nation will rise up and live out the true meaning of its creed: “We hold these truths to be self-evident: that all men are created equal.”
I have a dream that one day on the red hills of Georgia the sons of former slaves and the sons of former slave owners will be able to sit down together at a table of brotherhood.
I have a dream that one day even the state of Mississippi, a desert state, sweltering with the heat of injustice and oppression, will be transformed into an oasis of freedom and justice.
I have a dream that my four children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.
I have a dream today.
From CNN comes the unheard tapes from MLK Jr. circa 1960. Martin Luther King Jr. discusses the peaceful Civil Rights movement and called the movement represents struggle on the highest level of dignity and discipline.
From FOX News: On MLK Day – let’s celebrate all that has changed in 50 years.
On Sunday, Georgia Congressman John Lewis, the last surviving speaker from the 1963 March, spoke to that startling reality:
“I feel more than lucky but very blessed to be able to stand here 50 years later and to see the progress we have made,” Lewis said. “And just to see the changes have occurred. If someone had told me 50 years ago that an African-American would be in the White House as the president, I probably would have said ‘You’re crazy. You are out of your mind. You don’t know what you’re talking about.’ The country is a different country, and we’re better people.”
In fact, outstanding African-Americans have broken through doors previously closed to all people of color in the past 50 years.
In government, we have had two black Supreme Court Justices, several Cabinet secretaries, two governors, six senators and dozens of people in Congress. We have a black president twice elected by the Americans people – who, as many have noted, could have been owned by our first 16 presidents as property.
The following VIDEO has excepts from from many different MLK speeches and this interview and has some incredibly interesting comments that all should take a listen to. What many do not understand is that MLK’s words do not just speak to the black Civil Rights movement. They speak to everyone.
- “We are in a separate phase where we are seeking genuine equality. Where we are dealing with hard economic and social issues.”
- Its more easy to integrate a lunch counter than it is guarantee an annual income. [...] It’s easier to integrate a bus than it is to get a program that will force a government to put billions of dollars to ending slums.”
- “I weight the criticisms that I would get. I thought about even the fact that some Negros would not understand. And some respectable Negro Leaders who are more concerned about being invited to the White House than invited to the cause of justice would be against me.”
Unlike others, I do not begin to speak for Martin Luther King Jr. and how he would act or what he would say in today’s world. So many are quick to say that he would be for increasing the minimum wage because he spoke of the Poor People’s Campaign which was a multiracial effort to address poverty in the nation by demanding a $30 billion antipoverty package, including full employment and the annual construction of 500,000 affordable residences. I don’t think so. The US has had a ‘War on Poverty’ since 1964 and the LBJ years. However, 50 years later it has been a failure.
I believe that Martin Luther King Jr. was a man of his word and wanted true equality for his people. I do not believe that he wanted them back on the plantation and subject to a life of dependency on welfare programs. True equality does not come from a hand out, it comes from a hand up. Equality does not come from being forced to live in government housing. Equality comes from a strong family unit, an education, morality, a want and desire to get ahead and believing in something greater than yourself. The US has spent trillions in the War on Poverty and has gotten no where. The welfare state has been a disaster for “The Dream”. Sorry, I do not believe for one second that MLK’s “DREAM” had the notion that blacks would become part of a voting block and completely dependent upon the government. JMO.
Barack Obama, the Divider in Chief: Obama Blames Racism Rather than Poor Job Performance For His Lower Approval Ratings
Once again Barack Obama cries racism instead of taking responsibility for his poor job performance … Obama plays the race card yet again.
In an interview with The New Yorker, Barack Obama blamed racism for his falling job approval and popularity numbers. Racial tensions is the reason why his popularity among white voters has waned within the past two years, are you kidding me? Sorry, but this man is a despicable human being and a poor excuse for a president who would continually try to divide a country between races and blame racism for his poor job as president. Disgusting!!! Obama thrives off of using the race card. This is why you never elect a community agitator as president.
Of course Obama could not look at the obvious to determine why his popularity among white voters has fallen in the past couple of years. Certainly it has nothing to do with the on going disastrous economy and Obama’s failure to create jobs. Also, it has nothing to do with Obama’s lies to the American people regarding Obamacare and that you could keep your insurance plan, if you liked it. It has nothing to do with other scandals like IRS-gate, Benghazi-gate and NSA-gate, where Americans no longer consider Obama trustworthy. And of course his failure in foreign policy has nothing to do with it either.
A note Barack Obama, when one is given the benefit of the doubt and then fails miserably on all aspects of their job, including their signature piece of legislation, you are deemed a failure and lose the support of the people.
President Barack Obama said that racial tensions may have softened his popularity among white voters within the last two years, according to a story posted on the New Yorker magazine’s website today.
“There’s no doubt that there’s some folks who just really dislike me because they don’t like the idea of a black president,” Obama said in the article by David Remnick, appearing in the magazine’s Jan. 27 edition.
“Now, the flip side of it is there are some black folks and maybe some white folks who really like me and give me the benefit of the doubt precisely because I’m a black president,” Obama said in his most direct comments on how race has affected his political standing since he’s been in office.
By the way, it is not just white voters where Obama has fallen badly in the polls. Barack Obama is down 23 points with Hispanics as well. Is that racism too? So are all of the following from the chart below racist too … they all have lower Obama approval numbers than 2012, including Blacks, Hispanics, Non-whites, women, men, Independents, moderate Democrats … pretty much everyone.
Chart from Gallup.com
Barack Obama Weekly Address: The Imperial Sith Lord Obama Says, “Where Congress Isn’t Acting, I’ll Act on My Own”
Barack Obama’s Weekly Address, BLAH, BLAH, BLAH, LIE, LIE, LIE …
As if President Barack Obama has not done enough damage to the economy and the country, Obama is now doubling down and going try and finish the job of destroying America. Obama claims that 2014 is going to be a year of action and during his Weekly Address that he will move forward and act alone without Congress on certain issues if he can’t gain the legislative body’s cooperation. His exact words were, “I want to work with Congress on proven ways to create jobs.” Work with Congress, since when? Proven ways, like what … increasing the minimum wage, Obamacare, extending unemployment, amnesty for illegals and raising taxes? All are proven ways to reduce jobs and create a further government dependent class. This rhetoric is coming off his earlier comments this week, that he has a pen. This is not leadership, it’s authoritarianism and Unconstitutional.
This lying clown has been promising jobs for 5+ years and all his policies have provided us is extended long term unemployment, record number of Americans on food stamps and record low job participation rates.
So the Sith Lord says he is going to act alone and act without Congress. Take a good look at what Obama considers his signature piece of legislation. Obamacare was passed with no GOP support and he had to beg and make sweetheart deals like the Corn Husker kickback and the Louisiana Purchase to bribe Democrats into supporting it for passage. Just curious, how is Obamacare working out for America? Do you honestly want this man f’ing up immigration and the rest of the economy?
However, it is not the GOP that Obama needs to worry about in 2014, it is his own Democrat party. With Barack Obama’s job approval ratings barely in the 40′s and with Obamacare a continuing nightmare for Americans, Obama is not a wounded lame duck president, he is a toxic one. What Democrat is going to want to sign on to any unpopular Obama idea and if Obama plays the “executive order” card to bypass Congress, he will further destroy the Democrats in the 2014 midterms.
Add another accomplishment to Barack Obama … Hardly ‘Hope and Change’ for the Youth.
The Youth Misery Index hits all-time high under Barack Obama. In 2009 when Obama took office, the YMI was at m 83.5; however, has skyrocketed to 98.6 in 2013. This represents an 18.1% increase since Obama took office. But Obama claims he is for the youth of America and the youth continue foolishly vote for him in large numbers. The index is calculated by adding youth unemployment and average college loan debt figures with each person’s share of the national debt. And before Obama and his minions blame Bush, when President George Bush left office in 2008, the index was 69.3.
A Youth Misery Index that measures young Americans’ woes has skyrocketed under President Barack Obama and hit an all-time high.
The index, released Wednesday, was calculated by adding youth unemployment and average college loan debt figures with each person’s share of the national debt. While it has steadily grown over the decades, under Obama the figure has shot up dramatically, from 83.5 in 2009 to 98.6 in 2013.
The index has increased by 18.1 percent since Obama took office, the highest increase under any president, making Obama the worst president for youth economic opportunity, according to the nonprofit that released the figure.
“Young people are suffering under this economy,” said Ashley Pratte, program officer for Young America’s Foundation, which developed the index and calculates it annually using federal statistics. “They’re still living in their parent’s basements, unable to find full-time jobs that pay them what they need in order to pay back their debt.”
Youth unemployment in 2013 was 16.3 percent, and student loan debt came in at a record-breaking average of $29,400 last year, the foundation points out; what’s more, each person’s share of the roughly $17 trillion dollar national debt stands at its highest level ever: $52,948.
FOX and Friends – Ashley Pratte, YAF’s Public Relations Officer
Pic – screen Grab from Fox & Friends Interview: Click on Pic for VIDEO
Sorry, but what Obama has done to the youth of America should be considered a crime … Can he be charged with child abuse? How about Generational theft?
UPDATE I: Thanks Teach for the link at the Pirate’s Cove.
Barack Obama’s Job Recovery … US Economy Adds 74K Jobs in December 2013, Unemployment Rate Falls to 6.7%
BARACK OBAMA … EPIC FAILURE!!!
The Obama jobs recovery is a complete disaster. The DOL reported this morning that 74,000 jobs were added in December. the fewest in three years. Economists were expecting about 193,000 jobs. The unemployment rate fell to 6.7%. Barack Obama will spin this as being some type of great news; however, that is not the case at all. Only 62.8% of the adult population is participating in the labor market, meaning they either have a job or are looking for one. That matches the lowest level since 1978. People have simply just given up looking for work.
U.S. employers added a scant 74,000 jobs in December, the fewest in three years. The disappointing figure ends 2013 on a weak note and raises questions about whether the job market can sustain its recent gains.
The Labor Department said Friday that the unemployment rate fell from 7 percent in November to 6.7 percent, the lowest level since October 2008. But the drop occurred mostly because many Americans stopped looking for jobs. Once people without jobs stop looking for one, the government no longer counts them as unemployed.
No one has anything good to say about Jobs reports:
- The Politico - Jobs report disappoints
- WAPO - Economy added 74,000 jobs in weak December report; jobless rate down to 6.7%
- Even NPR … Jobless Rate Drops To 6.7 Percent; Only 74,000 Jobs Added
Barack Obama … The Food Stamp & Disability President … The Total Number of people in US Receiving Federal Disability Benefits Hits a Record High in December, 2013
Not only is Barack Obama the Food Stamp president, he is the Disability president as well … So this is what “Hope & Change ” looks like.
More records for Barack Obama not to be proud of. CNS is reporting that the total number of Americans receiving federal disability benefits hits a record high of 10,988,269 in December, 2013. That was up from the previous record set in November of this year. Also, the average monthly benefit paid to a disabled worker also hit a record of $1,146.43 in December. What else are individuals going to do except go on food stamps and disability when the economy stinks. Thus, the real reason the the unemployment number is decreasing. It has nothing to do with people getting jobs, but everything to do with people no longer looking for employment.
The total number of people in the United States now receiving federal disability benefits hit a record 10,988,269 in December, up from the previous record of 10,982,920 set in November, according to newly released data from the Social Security Administration.
The average monthly benefit paid to a disabled worker also hit a record of $1,146.43 in December, up from a previous high of $1,130.34 in December of last year.
Spouses of disabled workers also got a record average monthly benefit of $308.13 in December, up from a previous high of $304.31 in August. Children of disabled workers also received a record average monthly benefit of $341.42 in December, up from a previous high of $337.13 in May.
As CNSNews.com reported earlier this month, the number of Americans getting disability benefits now exceeds the entire population of Greece, which is 10,772,967, according to the CIA World Factbook.
But wait, how can record number of Americans still be increasing on disability and food stamps … I thought the recession was over? Barack Obama is killing this country.
Posted December 31, 2013 by Scared Monkeys
Barack Obama, Chicago-Style Politics, Corruption, Disability, Economy, Epic Fail, Food Stamp President, Food Stamps, Fraud, Hope and Change, Jobs, Misleader, Nanny State - Big Government, Obamanation, Recession, Unemployment, United States, Welfare, Welfare State, WTF | 2 comments