garebear
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Getbig V
Gender: 
Posts: 6525
Never question my instincts.
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« Reply #1050 on: October 15, 2012, 03:07:53 AM » |
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Ha ha.
Clients!
No one believes you. Stop already.
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333386
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Getbig V
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« Reply #1051 on: October 15, 2012, 03:47:13 AM » |
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Ha ha.
Clients!
No one believes you. Stop already.
STFU pedo. |
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333386
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Getbig V
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« Reply #1052 on: October 15, 2012, 02:55:31 PM » |
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For Every Person Added to Labor Force, 10 Added to Those Not in Labor Force
1:09 PM, Oct 15, 2012 • By DANIEL HALPER
A new chart from the minority side of the Senate Budget Committee details the fact that, since January 2009, for every person added to the labor force, 10 have been added to those not in the labor force. Here's a chart showing the dwindling labor force:
"For Every 1 Person Added To Labor Force Since January 2009," the chart reads, "10 People Added To Those Not In Labor Force."
That is, in nearly the four years, since President Obama took office in January 2009, only 827,000 people have been added to the labor force, while during that same time period, 8,208,000 have been added to those not in the labor force.
The chart relies on data available from the federal Bureau of Labor Statistics.
"The numbers represented in the chart are a measure of growth from January 2009 through September 2012," the Republican side of the Senate Budget Committee explains. "The data is sourced from the Bureau of Labor Statistics’ Current Population Survey, a sample of 60,000 households conducted by personal and telephone interviews. Basic labor force data are gathered monthly. The labor force consists of all people aged 16 and over either employed or actively seeking work. It does not include discouraged workers, people who have retired, or those on welfare or disability who are no longer looking for work. The 'not in the labor force' group is defined as the total civilian non-institutional population minus the labor force."
Since January 2009, the labor force has grown by 0.54 percent, or 827,000 people (from 154,236,000 to 155,063,000). Those not in the labor force grew by 10.2 percent during the same period (8,208,000 people), from 80,502,000 to 88,710,000. In other words, for every one person added to the labor force of the United States since January 2009, the size of the U.S. population not in the labor force grew by 10 people.
And the minority side of the Senate Budget Committee concludes, "These figures reveal several troubling trends: That the jobs market is not keeping pace with U.S. population growth; that not enough younger Americans are joining the labor force to account for retirement among an ageing population; and that a large number of workers have become so discouraged that they simply stopped looking for work and left the labor force entirely. These factors pose serious fiscal challenges for the United States. A historically low labor force participation rate—together with an ageing population and a record number of people drawing federal welfare benefits—puts severe strain on the federal budget in both the near and long term."
UPDATE: Senator Jeff Sessions, the ranking member of the Senate Budget Committee, comments: “The essential point of this chart is not simply how many people are employed or unemployed, but to illustrate that more and more people are simply not part of the U.S. labor force. This confirms that we are on the wrong track. It is unsustainable to have such a large and growing number of people who are not part of the productive economy. This is not a political argument, but a description of the underlying instability in our economy that has so many Americans worried about the future. The question is what can we do to reverse these trends and start moving in the right direction.”
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333386
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« Reply #1053 on: October 16, 2012, 06:43:59 PM » |
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whork
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« Reply #1054 on: October 17, 2012, 01:20:27 AM » |
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So? Poor welfare leeches like you need to eat as well |
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333386
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« Reply #1055 on: October 18, 2012, 07:55:20 AM » |
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PIMCO: 'THE US WILL GET DOWNGRADED'
Rob Wile|Oct. 18, 2012, 8:58 AM|1,068|9 PIMCO has seen enough of the federal government's "fiscal theatre" and now says the U.S.'s credit rating will inevitably be slashed, Bloomberg's Tracy Withers reports. “The U.S. will get downgraded, it’s a question of when,” Withers quotes Scott Mather, Pimco’s head of global portfolio management, as saying. “It depends on what the end of the year looks like, but it could be fairly soon after that.” If President Obama is reelected, Mather said, it's likely resolution of the country's deficit “doesn’t happen in a nice way, and we have disruption in the marketplace,” he said. Any agreement will likely lower economic growth by about 1.5 percentage points next year, Mather said. But they may roil markets by discussing scenarios that would lead to a 4.5 percentage-point fiscal drag, he said. Click here for Withers' full report on Bloomberg.com > SEE MORE — Companies that will get hit hardest by the fiscal cliff Read more: http://www.businessinsider.com/pimco-the-us-will-get-downgraded-2012-10#ixzz29f94ekEj
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333386
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« Reply #1056 on: October 18, 2012, 10:10:45 AM » |
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« Reply #1057 on: October 25, 2012, 04:01:45 PM » |
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8,803,335: Another New Record for Disability—Up 975 Per Day Under Obama
By Terence P. Jeffrey
October 25, 2012
Subscribe to Terence P. Jeffrey's posts
U.S. Treasury Department (AP Photo)
(CNSNews.com) - The number of American workers collecting federal disability insurance benefits hit yet another record high in October, according to the Social Security Administration.
This month 8,803,335 disabled workers are collecting benefits, up from the previous record of 8,786,049 set in September.
In February 2009, the first full month after President Barack Obama took office, there were 7,469,240 workers collecting federal disability insurance. Thus, so far in Obama’s term, the number of workers collecting disability has increased by 1,334,095. That works out to a net increase of about 29,646 per month (1,334,095 divided by 45 months), or an average increase of about 975 per day (1,334,095 divided by 1,369 days).
During George Bush’s eight years as president, the number of workers collecting federal disability insurance increased by 2,375,258, rising from 5,067,119 in February 2001 to 7,442,377 in January 2009. That equaled an average net increase of about 24,742 per month and 813 per day. In Bush’s second term alone, the number of workers on disability increased by 1,198,575, equaling an average monthly increase of about 24,970 and an average daily increase of about 820.
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333386
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« Reply #1058 on: October 25, 2012, 07:55:50 PM » |
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Jeep, an Obama favorite, looks to shift production to China
Washington Examiner ^ | Oct 25, 2012 | Paul Bedard
Posted on Thursday, October 25, 2012 9:51:50 PM by
In another potential blow for the president's Ohio reelection campaign, Jeep, the rugged brand President Obama once said symbolized American freedom, is considering giving up on the United States and shifting production to China.
Such a move would crash the economy in towns like Toledo, Ohio, where Jeeps are made and supplied, and rob the community of the economic security they thought Obama's auto bailout assured them.
Fiat SpA (F), majority owner of Chrysler Group LLC, plans to return Jeep output to China and may eventually make all of its models in that country, according to the head of both automakers’ operations in the region.
(Excerpt) Read more at washingtonexaminer.com ...
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« Reply #1059 on: October 30, 2012, 08:43:36 AM » |
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Obama's Reelection Will Ensure Complete U.S. Economic Collapse
Townhall.com ^ | October 30, 2012 | Rachel Alexander
Posted on Tuesday, October 30, 2012 11:36:16 AM by Kaslin
This coming presidential election will determine whether the U.S. ends up in another Great Depression or pulls out of the economic slump. There are numerous signs indicating that the country is headed for economic Armageddon under Obama. Some analysts are predicting the crash could come as soon as next year. Obama is following the failed policies of President Herbert Hoover which led to the Great Depression.
Conservative commentator Rush Limbaugh says the U.S. is on an unsustainable course; there isn't enough money from taxes to pay everyone lifetime healthcare, lifetime pensions, and hefty incomes. The federal government now spends 50 percent more than it takes in. Social Security and Medicare are on the brink of insolvency and are little more than government Ponzi schemes. Soon there will be more people on welfare than not. Borrowing and printing more money will no longer save the country from defaulting, because our debt will soon be so high other countries will not want our dollars.
Earlier this year, three financial analysts predicted financial meltdown will take place in less than a year. Author Robert Prechter, who wrote the book Conquer the Crash, sees economic parallels to the Great Depression and predicts the illusion of a recovery will fail like it did in the 1930s. Art Laffer, the economist who invented the Laffer Curve, predicted a crash in 2011 if the Bush tax cuts were not extended. Since Obama backed down and extended the tax cuts through 2013, the crash has been delayed.
Economist John Williams predicts that a hyperinflationary Great Depression will take place by 2014. Investment banker Martin Hutchinson believes that the next stock market crash will be worse than Black Monday, the 1987 crash which dropped lower than the 1929 crash. The 1987 crash did not trigger a depression because there wasn't an accompanying collapse of the banking system. Hutchinson warns, “We are living in the greatest debt bubble in the history of the world and Wall Street has been transformed into a giant casino that is based on a massive web of debt, risk and leverage.“
The U.S. is arguably in a depression, but the government won't admit it because it makes the government look bad. Thanks to welfare programs, it doesn't seem as bad as the Great Depression. 25 percent of adults may be out of work, but they have welfare instead of Hoovervilles. Instead of starving Americans standing in food lines, we see Americans obese from living on food stamps. An economic depression occurs when there is greater than 10 percent contraction in economic activity over a period of 12 months or more. By contrast, recessions usually last 10 months. The longest recession in history until now lasted 16 months. This recession began in December 2007 and supposedly ended in June 2009, but the recovery is the weakest in history after a recession. If this is only a recession, it is an extremely severe one.
The condition of the U.S. economy today mirrors the economic situation prior to the Great Depression. There is slow economic growth, massive deficits, high unemployment and foreclosures, and a shaky banking system. Real unemployment is at the same level it was during the Great Depression, around 25 percent. The drop in home prices and sales is actually worse than during the Great Depression. The stock market has been dropping, and stocks are currently overvalued by as much as 50 percent. Speculative greed precipitated the stock market crash, similar to the investors and homeowners of today who made risky investments they could not afford.
Like Obama, President Herbert Hoover used a heavy-handed government interventionist approach to deal with the bad economy. Hoover was criticized by his successor, President Franklin D. Roosevelt, for “reckless and extravagant spending” and “thinking we ought to control everything in Washington.” Hoover raised taxes and slapped a tariff on imports. The top rate on personal income taxes rose from 25 percent to 63 percent. Taxes were increased on businesses and tobacco, and new taxes were added to telegraph and telephone use and checks.
Obama has put onerous regulations into place that are crippling the economy and allowing little room for recovery. There are environmental restrictions on offshore drilling, CO2 emissions, and Obama refuses to approve the Keystone Pipeline, which would have created 100,000 jobs and reduced dependency on foreign oil. Americans are already taxed to the hilt, and their taxes will go up even higher with Obamacare, the biggest tax increase in history. Buried under taxes and regulations, businesses are unable to create new jobs. Businesses are fleeing the country or outsourcing labor, due to the burdensome regulations and demands unions have placed on them. Because of the unions inflating the cost of production, it has been easy for China to shut out our overpriced products. China manipulates its currency, undervaluing the yuan in order to boost exports and limit imports. China's trade surplus helped bring about the recession. When the crash comes, China may demand that the U.S. pay its debt, even if the U.S. does not have the money to pay it.
The Great Depression was triggered by the Federal Reserve's manipulation of money, the stock market crash and failure of financial institutions. The Federal Reserve manipulates interest rates by pumping new dollar bills into the economy through the banks. This lowers the interest rates, which prompts more risky investments. The Federal Reserve caused the last recession in this way, yet it continues to pump paper money into the economy, a manipulation known as “quantitative easing.” All of this Federal Reserve activity only postpones the inevitable crash, ensuring that it will be a big crash.
How will the financial meltdown happen? Limbaugh predicts California will file bankruptcy under Obama, then other states will follow suit. There will be a stock market crash and Americans will lose their savings. Banks will fail as people rush to take their money out, and those who don't get their money out early on will find their accounts frozen. There isn't enough money to bail out all the banks if they all fail. The Federal Deposit Insurance Corporation was created in 1934 to avoid a repeat of banks failing during the Great Depression, but there is no longer enough real money left for massive bailouts. America's level of debt and deficit spending will cause other countries to lose confidence in the dollar, and they will start withdrawing their investments.
There will be rioting and major civil unrest. The violent Occupy Wall Street protesters are an indication that it is already starting. Economist John Williams predicts, “Trouble could range from turmoil in the food distribution chain and electronic cash and credit systems unable to handle rapidly changing circumstances, to political instability.” The government will finally be forced to choose what will no longer be funded.
Because of the global economy, the effects will be felt worldwide. Most European countries are already in a depression. Europe is headed for collapse. Countries like Spain, Greece and Italy have overvalued euros, making their economies uncompetitive. People are fleeing Spain, where unemployment is at 25 percent. They are pulling their money out of the banks and moving to England and other countries to find jobs. Seven percent of Spain's GDP was withdrawn from Spanish banks during July. Not only Spain is affected, banks are starting to collapse around the world, freezing customers' bank accounts. These things will happen in the U.S. too if our economy collapses.
What has brought the U.S. to the brink of economic collapse? Greed. As a result of the Federal Reserve flooding the market with paper money, interest rates artificially decreased, so people made investments and bought homes they couldn't afford, putting themselves way into debt. The banks continue to make reckless investments, despite the heavy regulations Obama has forced on the industry. When the Ponzi scheme fell apart, the government bailed out a few select banks and arbitrarily pumped billions of dollars into the economy, but it has only put a temporary band-aid on the problem.
If Obama wins reelection, Americans should pull their money out of the banks and stock market and put it into gold and other precious metals, where it will be much safer during a crash. Obama has indicated he will continue the failed policies of Herbert Hoover and FDR. Obama said he wants a “New New Deal,” referring to FDR's socialist programs. Under Hoover and FDR, those big government programs slowed the recovery and prolonged double-digit unemployment after the Great Depression.
Fortunately, it looks like Mitt Romney is going to win the presidential election. If anyone can reverse the runaway government spending, it will be Mitt Romney with his successful business and investment background in the private sector. President Ronald Reagan faced a worse economy than Obama did when he entered office, but by cutting taxes and streamlining regulations, annual economic growth rates increased up to 8 percent, quadruple Obama’s record now. America needs a transformation from a high-consuming, debt-ridden economy, to a manufacturing and exporting nation once again. Obama tells Americans the government will provide all kinds of things for them, even though it has been made painfully clear the government cannot afford to. Romney will tell Americans the truth, that greed is what got us into this situation. If Americans focus instead on taking pride in a day's work, the entire economy will turn around.
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333386
Competitors
Getbig V
Posts: I am a geek!!
FUBO!
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« Reply #1060 on: October 31, 2012, 10:00:50 AM » |
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333386
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Getbig V
Posts: I am a geek!!
FUBO!
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« Reply #1061 on: November 01, 2012, 07:43:21 AM » |
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tu_holmes
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« Reply #1062 on: November 01, 2012, 08:19:19 AM » |
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If someone's selling, then someone's buying. |
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333386
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Getbig V
Posts: I am a geek!!
FUBO!
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« Reply #1063 on: November 12, 2012, 09:23:49 PM » |
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Hostess closing Seattle bakery; 110 workers affected
King5 ^
Posted on Monday, November 12, 2012 11:00:31 PM by
Hostess Brands Inc. is permanently closing three bakeries following a nationwide strike by its bakers union.
The maker of Twinkies, Ding Dongs and Wonder Bread said Monday that the strike has prevented it from producing and delivering products, and it is closing bakeries in Seattle, St. Louis and Cincinnati. The facilities employ 627 workers.
Thousands of members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union went on strike Nov. 9 to protest cuts to wages and benefits under a new contract offer, which the union rejected in September. Union officials say the company stopped contributing to workers' pensions last year.
Hostess has argued that workers must make concessions as it tries to improve its financial position.
(Excerpt) Read more at king5.com ...
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Shockwave
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« Reply #1064 on: November 12, 2012, 09:24:11 PM » |
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Hostess closing Seattle bakery; 110 workers affected
King5 ^
Posted on Monday, November 12, 2012 11:00:31 PM by
Hostess Brands Inc. is permanently closing three bakeries following a nationwide strike by its bakers union.
The maker of Twinkies, Ding Dongs and Wonder Bread said Monday that the strike has prevented it from producing and delivering products, and it is closing bakeries in Seattle, St. Louis and Cincinnati. The facilities employ 627 workers.
Thousands of members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union went on strike Nov. 9 to protest cuts to wages and benefits under a new contract offer, which the union rejected in September. Union officials say the company stopped contributing to workers' pensions last year.
Hostess has argued that workers must make concessions as it tries to improve its financial position.
(Excerpt) Read more at king5.com ...
He returns. |
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AbrahamG
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« Reply #1065 on: November 12, 2012, 09:40:57 PM » |
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Welcome back ASSHOLE!
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333386
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Getbig V
Posts: I am a geek!!
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« Reply #1066 on: November 12, 2012, 09:48:44 PM » |
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Hipsters on food stamps (Meet the 0bama Voters)
Salon ^ | 3/15/2010 | Jennifer Bleyer
Posted on Monday, November 12, 2012 3:47:47 PM by mojito
In the John Waters-esque sector of northwest Baltimore — equal parts kitschy, sketchy, artsy and weird — Gerry Mak and Sarah Magida sauntered through a small ethnic market stocked with Japanese eggplant, mint chutney and fresh turmeric....
“I have $80 bucks left!” Magida said. “I’m so happy!”
“I have $12,” Mak said with a frown.
The two friends weren’t tabulating the cash in their wallets but what remained of the monthly allotment on their Supplemental Nutrition Assistance Program debit cards, the official new term for...food stamps.
Magida, a 30-year-old art school graduate, had been installing museum exhibits for a living until the recession caused arts funding...to dry up. She applied for food stamps last summer, and since then she’s used her $150 in monthly benefits for things like fresh produce, raw honey and fresh-squeezed juices from markets near her house...and soy meat alternatives and gourmet ice cream from a Whole Foods a few miles away....
Mak, 31, grew up in Westchester, graduated from the University of Chicago and toiled in publishing in New York during his 20s before moving to Baltimore last year with a meager part-time blogging job and prospects for little else. About half of his friends in Baltimore have been getting food stamps since the economy toppled, so he decided to give it a try; to his delight, he qualified for $200 a month.
“I’m sort of a foodie, and I’m not going to do the ‘living off ramen’ thing,” he said, fondly remembering a recent meal he’d prepared of roasted rabbit with butter, tarragon and sweet potatoes. “I used to think that you could only get processed food and government cheese on food stamps, but it’s great that you can get anything.”
(Excerpt) Read more at salon.com ...
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AbrahamG
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« Reply #1067 on: November 12, 2012, 09:51:36 PM » |
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Hipsters on food stamps (Meet the 0bama Voters)
Salon ^ | 3/15/2010 | Jennifer Bleyer
Posted on Monday, November 12, 2012 3:47:47 PM by mojito
In the John Waters-esque sector of northwest Baltimore — equal parts kitschy, sketchy, artsy and weird — Gerry Mak and Sarah Magida sauntered through a small ethnic market stocked with Japanese eggplant, mint chutney and fresh turmeric....
“I have $80 bucks left!” Magida said. “I’m so happy!”
“I have $12,” Mak said with a frown.
The two friends weren’t tabulating the cash in their wallets but what remained of the monthly allotment on their Supplemental Nutrition Assistance Program debit cards, the official new term for...food stamps.
Magida, a 30-year-old art school graduate, had been installing museum exhibits for a living until the recession caused arts funding...to dry up. She applied for food stamps last summer, and since then she’s used her $150 in monthly benefits for things like fresh produce, raw honey and fresh-squeezed juices from markets near her house...and soy meat alternatives and gourmet ice cream from a Whole Foods a few miles away....
Mak, 31, grew up in Westchester, graduated from the University of Chicago and toiled in publishing in New York during his 20s before moving to Baltimore last year with a meager part-time blogging job and prospects for little else. About half of his friends in Baltimore have been getting food stamps since the economy toppled, so he decided to give it a try; to his delight, he qualified for $200 a month.
“I’m sort of a foodie, and I’m not going to do the ‘living off ramen’ thing,” he said, fondly remembering a recent meal he’d prepared of roasted rabbit with butter, tarragon and sweet potatoes. “I used to think that you could only get processed food and government cheese on food stamps, but it’s great that you can get anything.”
(Excerpt) Read more at salon.com ...
Did you suckle a lot of cock during your time away? |
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tbombz
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« Reply #1068 on: November 13, 2012, 12:33:31 AM » |
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Picking on foodstamps is pretty lame. Its a government expenditure that results in more economic activity than it costs and its the our only welfare program that is based completely on preventing the starvation and death of the poor.
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AbrahamG
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« Reply #1069 on: November 13, 2012, 02:11:00 AM » |
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Picking on foodstamps is pretty lame. Its a government expenditure that results in more economic activity than it costs and its the our only welfare program that is based completely on preventing the starvation and death of the poor.
When your right, your right. |
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tu_holmes
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« Reply #1070 on: November 13, 2012, 03:50:41 AM » |
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He returns.
Oh hell yeah. Welcome back! |
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whork
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« Reply #1071 on: November 13, 2012, 04:19:55 AM » |
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Hipsters on food stamps (Meet the 0bama Voters)
Salon ^ | 3/15/2010 | Jennifer Bleyer
Posted on Monday, November 12, 2012 3:47:47 PM by mojito
In the John Waters-esque sector of northwest Baltimore — equal parts kitschy, sketchy, artsy and weird — Gerry Mak and Sarah Magida sauntered through a small ethnic market stocked with Japanese eggplant, mint chutney and fresh turmeric....
“I have $80 bucks left!” Magida said. “I’m so happy!”
“I have $12,” Mak said with a frown.
The two friends weren’t tabulating the cash in their wallets but what remained of the monthly allotment on their Supplemental Nutrition Assistance Program debit cards, the official new term for...food stamps.
Magida, a 30-year-old art school graduate, had been installing museum exhibits for a living until the recession caused arts funding...to dry up. She applied for food stamps last summer, and since then she’s used her $150 in monthly benefits for things like fresh produce, raw honey and fresh-squeezed juices from markets near her house...and soy meat alternatives and gourmet ice cream from a Whole Foods a few miles away....
Mak, 31, grew up in Westchester, graduated from the University of Chicago and toiled in publishing in New York during his 20s before moving to Baltimore last year with a meager part-time blogging job and prospects for little else. About half of his friends in Baltimore have been getting food stamps since the economy toppled, so he decided to give it a try; to his delight, he qualified for $200 a month.
“I’m sort of a foodie, and I’m not going to do the ‘living off ramen’ thing,” he said, fondly remembering a recent meal he’d prepared of roasted rabbit with butter, tarragon and sweet potatoes. “I used to think that you could only get processed food and government cheese on food stamps, but it’s great that you can get anything.”
(Excerpt) Read more at salon.com ...
So he got 200$ for food for a month. You have a problem with someone getting 200$  How fucking low is your budget 33... ? |
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whork
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« Reply #1072 on: November 13, 2012, 04:22:52 AM » |
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Picking on foodstamps is pretty lame. Its a government expenditure that results in more economic activity than it costs and its the our only welfare program that is based completely on preventing the starvation and death of the poor.
Agree. And how low a salary does our "lawyer" work for that he complains that people get 200$ for food And how about the believers here are you really complaining over 200 bucks? WTF |
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333386
Competitors
Getbig V
Posts: I am a geek!!
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« Reply #1073 on: November 13, 2012, 04:51:11 AM » |
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Comcast's NBCUniversal unit lays off 500 employees: source (Get rid of them all!)
reuters ^ | 11/12/2012 | staff
Posted on November 13, 2012 6:17:57 AM EST by tobyhill
Comcast Corp's NBCUniversal entertainment unit is laying off about 500 employees at cable channels, Jay Leno's late-night TV show and the Universal Pictures movie studio, a person with knowledge of the matter said on Monday.
The cuts add up to about 1.5 percent of the company's workforce of 30,000 employees, the source said.
A large portion of the layoffs occurred at the G4 cable channel, a network about video games and the gaming culture, the source said. Two of the network's shows were recently canceled.
Other layoffs occurred about two months ago at "The Tonight Show with Jay Leno," which cut about two dozen crew members.
(Excerpt) Read more at reuters.com ...
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333386
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« Reply #1074 on: November 13, 2012, 04:52:35 AM » |
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Time running out for J.C. Penny
Financial Post ^ | 11/12/2012 | Jonathan Ratner
Posted on November 13, 2012 6:34:59 AM EST by tobyhill
J.C. Penny Co. was hit with a downgrade at Credit Suisse as the retailer’s sales continue to slow.
Analyst Michael Exstein lowered his rating to underperform from neutral and cut his target price to US$15 from US$25 after the company reported its fifth straight quarterly loss on Friday.
Mr. Exstein noted that J.C. Penny’s cash position continues to dwindle and it is expected to generate only a minimal amount of EBITDA in 2012 and 2013. The company has already sold US$525-million in non-core assets this year.
“Time is no longer on J.C. Penny’s side, and going into the fourth quarter and beyond, we are concerned that J.C. Penny’s technological overhaul of both its back and front end systems could serve to create an even more challenging internal environment than is the case today,” the analyst told clients.
(Excerpt) Read more at business.financialpost.c om ...
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