The Obama Un-Midas Touch … 11 Months after Obama Praises US Lincolnton Furniture Company at White House – Company Goes Belly Up

President Barack Obama “UNMIDAS” touch continues. Talk about your irony, another company heralded as an example of Obama job growth goes bye-bye.

When will these companies ever learn not to have a photo-op with the anti-business, anti-capitalist president, Barack Obama? Just 11 months ago Obama praise the US furniture story, the Lincolnton Furniture Company and it’s owner Bruce Cochrane, as an example of job growth and the economy making a come back. Cochrane even sat with the first lady during Obama’s 2012 State of the Union Address.

However, that was then and this is now … the failed job recovery and the Lincolnton Furniture Company has gone the way of the Do-Do and belly up. How ironic, less than one year after it was hailed by President Barack Obama as an example of the recovering U.S. economy. Get used to it America, you reelected him.

Lincolnton Furniture Company closed abruptly Thursday just one year after it was hailed by President Barack Obama as an example of the recovering U.S. economy.

Furniture-making operations stopped indefinitely and only a few people will remain employed moving forward, company financial officer Ben Causey said.

“I don’t know where it’s going to go exactly; we’re still evaluating our situation,” Causey said. “We just didn’t have any choice at this point.”

The company was not receiving the orders it needed to sustain its operations, Causey said.

“We needed more orders is really what it boiled down to,” he said. “We thought they would materialize.”

Owner Bruce Cochrane, a fifth generation furniture-manufacturer, formed the company in 2011 with a $5 million investment and the hope he could make a profit off people who wanted to buy furniture made in America.

Had the Lincolnton Furniture Company been a green energy company maybe they would have been given tax payer subsidies to survive. Then again, they would have failed as well like the Solyndra.

Unemployment Ticks up to 7.8%, a Meager 155K Jobs Created, Debt at $16.4 Trillion and Obama is on Vacation

WELCOME TO THE NEW OBAMA JOBS NORMAL …

The Obama jobs recovery still pathetic … only 155,000 jobs created in December 2012 and the unemployment rate ticked up to 7.8%. Get used to it America, this is what you wanted and this is what you are going to get. The reelection of Barack Obama will mean more of the same, a lackluster economy and a $16.4 trillion debt and getting higher every second. We have more people on unemployment longer than ever before. Its almost like being on unemployment is an Obama job. We have more people on food stamps and disabilities than ever before. Jobs be damned. This is what you voted for, more of the same. Don’t worry America, your president is hard at work fixing the problem. NOT! Actually he flew off to Hawaii again for yet another vacation but not after raising taxes.

U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during tense fiscal cliff negotiations in Washington.

The solid job growth wasn’t enough to push down the unemployment rate, which stayed 7.8 percent last month, according to the Labor Department’s report Friday. November’s rate was revised higher from an initially reported 7.7 percent.

Stock futures rose modestly after the report was released.

Robust hiring in manufacturing and construction fueled the December gains. Construction firms added 30,000 jobs, the most in 15 months. That likely reflects additional hiring needed to rebuild after Superstorm Sandy and also solid gains in home building that have contributed to a housing recovery.

Manufacturers gained 25,000, the most in nine months.

Even with the gains, hiring is far from accelerating. Employers added an average of 153,000 jobs a month last year, matching the monthly average in 2011. Employers added 1.84 million jobs in 2012, the same as the previous year.

Barack Obama, the Disability President … Disabled Workers Hit New Record in December: 8,827,795

It’s an Obamanation … No wonder he is against right to work states, he seems to be adverse to jobs.

More records set by President Barack Obama.  Disability benefits hit a record 8,827,795 in December 2012, up from 8,805,353 in November. Not only is Obama the Food Stamp president, he can now also be considered the Disability one as well. The problem is he cannot call himself the job growth president. How bad is it? In August 2012, only 16.2 people working for each person collecting disability. As compared in August 1967 when 65 Americans working for each worker collecting disability.

From CNS News:

The Social Security program ran a $47.8 billion deficit in fiscal 2012 as the program brought in $725.429 billion in cash and paid $773.247 for benefits and overhead expenses, according to official data published by Social Security Administration.

The Social Security Administration also released new data revealing that the number of workers collecting disability benefits hit a record 8,827,795 in December–up from 8,805,353 in November.

The overall number of Social Security program beneficiaries—including retired workers, dependent family members and survivors and disabled workers and their dependent family members—also hit a record in December, climbing from 56,658,978 in November to 56,758,185 in December.

Barack Obama … TIME Magazine’s 2012 Man of the Year … The Scared Monkeys Names Obama the Food Stamp President of the Year

OBAMANATION: President Barack Obama … TIME Magazine’s 2012 ’Man of the Year’. Because its all about Obama, hardly about America.

Why stop there? Why not make Barack Obama Time Man of the Century? What about Time Man of all Time? Who is Time magazine kidding, they would have made Obama ‘Man of the Year’ even if he had lost the 2012 Presidential election. Time stated that Obama  “is both the symbol and in some ways the architect of this new America.” New America translated as record number of Americans on Food Stamps, jobless job recovery, fabricated unemployment rate only reduced because of less Americans participating in the work force and a an America that he has successfully divided due to his class warfare.

Barack Obama was named the Scared Monkeys Food Stamp President of the Year.

Yahoo.com:

Time magazine has named President Barack Obama as its 2012 Person of the Year.

“We are in the midst of historic cultural and demographic changes,” Time managing editor Richard Stengel said in announcing its choice. “And Obama is both the symbol and in some ways the architect of this new America.”

The president’s reelection in November showed “the Obama effect was not ephemeral anymore, no longer reducible to what had once been mocked as that ‘hopey-changey stuff,’” Time’s Michael Scherer wrote in the accompanying cover story. “It could be measured in wars stopped and started; industries saved, restructured or reregulated; tax cuts extended; debt levels inflated; terrorists killed; the health-insurance system reimagined; and gay service members who could walk in uniform with their partners. It could be seen in the new faces who waited hours to vote and in the new ways campaigns are run. America debated and decided this year: history would not record Obama’s presidency as a fluke.”

However, unfortunately for America thanks to Obamacare, Americans premiums will rise and not go down as promised. Unemployment is still a nightmare for Americans as they drop out of the workforce or because government dependent on welfare, unemployment benefits or  disability claims.

UPDATE I: And in typical fashion the moonbat Left is never satisfied. The Lonely Conservativepoints out the Left is giddy that Obama wins Man of the Year when he has literally destroyed the US; however, they are upset with the racist pic. So now Time mag is racist? Mental illness has run amuck.

Suddenly Democrats Want to Delay ‘Job-Killing’ Obamacare Tax on Medical Devices

Now they are concerned. Suddenly 18 Democrat Senators want to delay the Obamacare “job-killing” tax on medical devices. 

Previously, then Democrat House Speaker Nancy Pelosi said that we have to pass the bill [Obamacare] in order to find out what is in it. Really? Long after the Obamacare bill was passed politicians still refused to say what was in it, even though many on the Right stated that there were numerous taxes that would be bad for the economy. Suddenly, following the 2012 election Democrats have had an epiphany, have become enlightened and now are urging a delay in some of the taxes from the Affordable Care Act.

After all this time, after all their defense of Obamacare, suddenly sixteen present and two Senate-elect Democrat US Senators are sending Democrat Senate Majority leader Harry Reid a letter calling for a delay in the “job-killing” tax.  Even though some of the Senators on this list who have medical device companies in their states, they still voted for Obamacare. It is only now on the verge of the tax being implemented, January 1, 2013, it has become an issue.

Sixteen Democratic senators who voted for the Affordable Care Act are asking that one of its fundraising mechanisms, a 2.3 percent tax on medical devices scheduled to take effect January 1, be delayed. Echoing arguments made by Republicans against Obamacare, the Democratic senators say the levy will cost jobs — in a statement Monday, Sen. Al Franken called it a “job-killing tax” — and also impair American competitiveness in the medical device field.

The senators, who made the request in a letter to Senate Majority Leader Harry Reid, are Franken, Richard Durbin, Charles Schumer, Patty Murray, John Kerry, Kirsten Gillibrand, Amy Klobuchar, Joseph Lieberman, Ben Nelson, Robert Casey, Debbie Stabenow, Barbara Mikulski, Kay Hagan, Herb Kohl, Jeanne Shaheen, and Richard Blumenthal. All voted for Obamacare.

Two other Democrats, senators-elect Joe Donnelly and Elizabeth Warren, also signed the letter. Donnelly voted for Obamacare as a member of the House. Warren was not in Congress at the time.

Suddenly after the election and all the lies that have been spewed about Obamacare, Democrats now have developed a conscience that Granny’s hip is going to cost more. However, in order to delay or get rid of this tax, Democrats are going to have to come up with $29 billion. That is the amount that is supposed to come in from this medical device tax. As stated at Powerline, Democrats are now admitting that Obamacare is a jobs killer. Where were they for the past four years? Its not just this tax that is a jobs-killer, all of Obamacare is one.

Of course the medical device tax will cost jobs, as will any number of other taxes that support Obamacare. These Democrats are latecomers to the party, and they would have more credibility if they had not voted for the bill in the first place. I suspect that what is going on here is that these Democrats know there is no chance the medical device tax will be repealed, but they want whatever political cover may come from having complained about it, notwithstanding that they voted for the tax.

There are consequences to votes and following Obama blindly so that liberals could accomplish their Holy Grail of socialized medicine. The result is a deviating effect on the economy.