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Author Topic: Misery Index: The Obama Depression - "Private sector doing just Fine"  (Read 56396 times)
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« Reply #1400 on: September 13, 2013, 10:38:02 AM »

http://www.huffingtonpost.com/ralph-nader/obama-priorities_b_3921730.html?utm_hp_ref=politics

boooommmmm
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« Reply #1401 on: September 16, 2013, 06:46:09 AM »

http://www.latimes.com/local/la-me-lower-class-20130916,0,5616335.story


Obama lied - jobs died
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« Reply #1402 on: September 30, 2013, 12:17:22 PM »

http://www.businessinsider.com/free-exchange-the-missing-millions-2013-9


Unreal - worst pos ever
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« Reply #1403 on: October 02, 2013, 06:51:06 AM »

http://www.businessinsider.com/bonds-surge-and-stocks-drop-after-adp-2013-10



More Hopeless Change due to Obamanomics
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« Reply #1404 on: October 03, 2013, 01:21:20 PM »

http://www.nydailynews.com/new-york/new-york-city-opera-2013-season-bankruptcy-article-1.1472734


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« Reply #1405 on: October 08, 2013, 05:16:13 AM »




Oct 7, 11:47 PM EDT


Carter: Middle class today resembles past's poor

By LISA LEFF
Associated Press
 

 
 
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OAKLAND, Calif. (AP) -- Former President Jimmy Carter said Monday that the income gap in the United States has increased to the point where members of the middle class resemble the Americans who lived in poverty when he occupied the White House.

Carter offered his assessment of the nation's economic challenges Monday at a Habitat for Humanity construction site in Oakland - the first of five cities he and wife Rosalynn plan to visit this week to commemorate their three-decade alliance with the international nonprofit that promotes and builds affordable housing.

The recent economic downturn revealed that families living in even comparatively well-off, but expensive regions like the San Francisco Bay Area are economically insecure, he said.

"Even in one of the wealthiest parts of the world there is a great deal of foreclosures and now a great deal of people who are fortunate to own their own houses owe more on them than the houses are worth in the present market, and that's all changed in the last eight years," Carter said during an exclusive interview with The Associated Press.

Taking a break from framing windows at a new 12-unit town house development in a section of East Oakland where Habitat already has built or repaired 115 homes, the 89-year-old former Democratic president said the federal government is investing less in affordable housing at a time of greater need.

"The disparity between rich people and poor people in America has increased dramatically since when we started," he said. "The middle class has become more like poor people than they were 30 years ago. So I don't think it's getting any better."

Years of tax breaks for the wealthy, a minimum wage untethered from the inflation rate and electoral districts drawn to maximize political polarization have reduced the quality of life for all but a small fraction of Americans and imperiled the nation's standing as "a real superpower," he said.

"Equity of taxation and treating the middle class with a great deal of attention, providing funding for people in true need, like for affordable housing, those are the sort of things that would pay rich dividends for Americans no matter what kind of income they have," said Carter, looking relaxed in a baseball cap, blue jeans and white sneakers.

"The richest people in America would be better off if everybody lived in a decent home and had a chance to pay for it, and if everyone had enough income even if they had a daily job to be good buyers for the products that are produced."

Habitat for Humanity was founded in Georgia, the home state of the Carters. They first joined a Habitat for Humanity work site in 1984 in New York and have spent a week every year working on construction sites in the U.S. and abroad.

On Tuesday, the former president and first lady are scheduled to help renovate homes in a section of Silicon Valley that has remained immune to the wealth generated by the high-tech industry. After that, they intend to travel to Denver, New York and Union Beach, N.J., where they will help rebuild homes wiped out by Hurricane Sandy.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.
 
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« Reply #1406 on: October 15, 2013, 02:07:25 PM »

http://www.bloomberg.com/news/2013-10-15/bodies-double-as-cash-machines-with-u-s-income-lagging-economy.html


Nice - signs of the private sector doing just fine.   Roll Eyes  Roll Eyes  Roll Eyes
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« Reply #1407 on: October 21, 2013, 10:58:20 AM »

http://www.dailymail.co.uk/news/article-2469945/New-study-shows-6-million-youth-school-work-49-states-INCREASE-families-living-poverty.html


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« Reply #1408 on: October 21, 2013, 08:18:14 PM »

http://www.usatoday.com/story/money/business/2013/07/28/americans-poverty-no-work/2594203


 Angry
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« Reply #1409 on: October 22, 2013, 06:39:48 AM »

http://www.cnbc.com/id/101131915


September saw the U.S. economy add just 148,000 jobs, significantly worse than expected, according to a report delayed more than two weeks by the government shutdown.


The unemployment rate unexpectedly fell to 7.2 percent, the lowest since November 2008, as the labor-force participation rate held near 35-year lows, according to the Bureau of Labor Statistics.

Private payroll creation stood at just 122,000, with state and local governments adding 28,000 positions and the federal government cutting by 6,000.

(Read more: More young peopleare out of school...and out of work)

Economists had been expecting 180,000 new positions and a steady jobless rate.

"This kind of report adds to the sense of foreboding about our economy," said Claire McKenna, policy analyst at the National Employment Law Project.

this kind for eprot adds ot this sense of ofreoboding aboutour econmomy

Financial markets greeted the report with enthusiasm though, boosting stock futures on expectations that monetary stimulus will remain in place.
September non-farm payrolls up 148,000
CNBC's Hampton Pearson breaks down the numbers on last month's employment data.A broader measure of unemployment that takes into account the underemployed and those who have quit looking for work also edged lower, to 13.6 percent.

"Today's blistering jobs report has quickly reminded America that our economic problems are getting worse, despite talking point reassurances from Federal Reserve officials," said Todd Schoenberger, managing partner at LandColt Capital.


The report likely will do little to move the needle on monetary policy.

Most market-watchers now expect the Federal Reserve to continue its $85 billion a month bond-buying program until well into 2014. Consensus sentiment is now that the central bank won't even start easing back on, or "tapering," the purchases until the spring.

(Read more: Thanks, Congress: Data delay means no Fed taper)

The September report provided another reminder that while the jobs market continues to heal it is far from robust.

The bulk of the jobs came from professional and business services, which added 32,000 positions, while there were 20,000 more temporary jobs. Transportation and warehousing rose by 23,000, and there were 20,000 additional construction positions.

One of the strongest areas of job creation over the past several years, leisure and hospitality, lost 7,000 jobs for the month.

Statistical adjustments played little role in the September data, with an approximation the government uses to estimate the number of jobs gained our lost through new and closed businesses—the so-called birth-death model—subtracting 26,000 from the total.

There were, however, significant moves in previous months' counts.

July's growth was revised lower to a paltry 89,000 from 104,000, while August's count was amped up from 169,000 to 193,000.

Wages grew little in the month, with average hourly earnings up just three cents to $24.09, while the average workweek was unchanged at 34.5 hours.

In short, the demand isn't there and the money to pay additional workers isn't there," Kathy Bostjancic, director of macroeconomic analysis for the Conference Board, said in a statement. "Both job and income growth remain stuck in neutral."

(For the full jobs report, click here.)

—By CNBC's Jeff Cox. Follow him on Twitter @JeffCoxCNBCcom
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« Reply #1410 on: October 22, 2013, 07:27:59 AM »

http://www.nationaljournal.com/economy/the-big-takeaway-from-the-september-jobs-report-the-economy-is-stalling-20131022


FAIL
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« Reply #1411 on: October 22, 2013, 10:26:13 AM »

http://cnsnews.com/news/article/terence-p-jeffrey/90609000-americans-not-labor-force-climbs-another-record

FAIL
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« Reply #1412 on: November 05, 2013, 10:14:39 AM »

U.S. Economic Confidence Plunges in October [Worst 1 month drop EVER!]
Gallup ^  | 11/5/13 | Alyssa Brown

Posted on Tuesday, November 05, 2013 11:49:24 AM by SoFloFreeper

Sixteen-point drop to -35 is sharpest in any month since Gallup Daily tracking began...

Americans' confidence in the U.S. economy sank for the month of October amid the partial U.S. government shutdown and partisan bickering over the federal debt limit.....


(Excerpt) Read more at gallup.com ...
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« Reply #1413 on: November 06, 2013, 12:55:20 PM »

http://hosted.ap.org/dynamic/stories/U/US_CENSUS_POVERTY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-11-06-13-38-44


 Angry
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« Reply #1414 on: November 06, 2013, 03:09:56 PM »

http://www.huffingtonpost.com/2013/11/05/income-inequality-crisis_n_4221012.html


boooommmmm


Hope and Change
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« Reply #1415 on: November 07, 2013, 07:10:57 PM »


self dialogue much?
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« Reply #1416 on: November 08, 2013, 10:17:08 AM »

http://cnsnews.com/news/article/ali-meyer/357000-fewer-women-held-jobs-october-female-participation-rate-hits-new-low



ObamaFAIL
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« Reply #1417 on: November 12, 2013, 02:40:48 PM »

http://cnsnews.com/news/article/ali-meyer/americans-participation-labor-force-hits-35-year-low


Obama FAIL
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« Reply #1418 on: December 10, 2013, 10:08:25 AM »

http://dailycaller.com/2013/12/06/researchers-private-sector-has-shrunk-in-41-states-under-obama


 Sad
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« Reply #1419 on: January 08, 2014, 10:21:59 AM »

http://www.washingtontimes.com/news/2014/jan/7/obamas-rhetoric-on-fighting-poverty-doesnt-match-h


 Sad
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« Reply #1420 on: January 10, 2014, 09:48:55 AM »

http://www.huffingtonpost.com/2014/01/10/december-jobs-report-unemployment-rate_n_4570422.html#comments


 Angry
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« Reply #1421 on: January 10, 2014, 09:55:50 AM »

Another banner report for the Bush Obama economy.
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L
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« Reply #1422 on: January 10, 2014, 09:58:46 AM »

Obamanomics is like everything else he goes near - a house of cards
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« Reply #1423 on: January 10, 2014, 10:04:03 AM »

http://www.huffingtonpost.com/2014/01/10/unemployment-labor-force_n_4575024.html?ref=topbar


Sucks! 
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« Reply #1424 on: January 10, 2014, 10:19:36 AM »

http://www.thecollegefix.com/post/15841



Worst ever for college grads - thanks  O-TWINK!!!!!
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