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Author Topic: Misery Index: The Obama Depression - "Private sector doing just Fine"  (Read 49865 times)
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« Reply #1325 on: May 02, 2013, 01:05:25 AM »

http://www.businessinsider.com/hungry-pets-can-now-get-pet-food-stamps-2013-5


LMFAO.  FORWARD!!!!
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« Reply #1326 on: May 02, 2013, 12:59:11 PM »

http://www.breitbart.com/Big-Government/2013/05/02/America-suicide-rate-jumps



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« Reply #1327 on: May 04, 2013, 07:14:11 AM »

Suicide rate quadrupled under Obama Presidency
 Constitution School: News for We the People ^ | May 3, 2013 | Constitution Shool
 
Posted on Saturday, May 04, 2013 9:38:57 AM by keats5

More Americans now die of suicide than from car accidents, according to the Centers for Disease Control and Prevention, a disturbing statistic that some experts say points to the true depths of the US economic crisis.

In a letter to The Lancet medical journal, scientists from Britain, Hong Kong and United States said an analysis of data from Centers for Disease Control and Prevention indicated that while suicide rates increased slowly between 1999 and 2007, the rate of increase has more than quadrupled since President Obama was elected to the Presidency in 2008, Reuters reports.

Citing the nation’s severe economic recession as having a direct connection to the rise of suicides, Aaron Reeves of Britain’s University of Cambridge, warned that politicians are partially to blame.

“The increase does coincide with a decrease in financial standing for a lot of families over the same time period.”

In 2010, 93% of all pre-tax income gains went to the top one percent of the American population, which in that year meant any household earning more than $358,000.

Meanwhile, preliminary research suggests that the risk for suicide will unlikely subside for future generations.

“The boomers had great expectations for what their life might look like, but I think perhaps it hasn’t panned out that way,” said Julie Phillips, an associate professor of sociology at Rutgers University. She warns that the number is actually even higher. “We know we’re not counting all suicides… It’s vastly under-reported.”

In 2010, there were 33,687 deaths from motor vehicle crashes and 38,364 suicides.

Although suicide has been traditionally viewed as a problem among the youth and elderly, the recent study, published in Friday’s issue of its Morbidity and Mortality Weekly Report, shows a marked rise in the number of suicides among middle-aged men and women.

This may be connected to the fact that middle-aged individuals who find themselves out of work find it severely more difficult to find employment than their younger counterparts.

The suicide rate for men aged 35–64 years jumped 27.3 per cent, while the rate for women increased 31.5 per cent, from 6.2 to 8.1 per 100,000.

Among the male population, the greatest increases were among those aged 50–59 years, (from 20.6 to 30.7). Among females, suicide rates tended to increase with age. The largest percentage increase in suicide rate was observed among women aged 60–64 years (59.7 percent, from 4.4 to 7.0 per 100,000).

The pandemic of suicides seems to respect no political or cultural divisions in the United States, as two of the hardest hit states were the vastly differing localities of Wyoming and Hawaii. In conservative Wyoming, suicides jumped 78.8%, while liberal Hawaii witnessed a 61.2% increase.
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« Reply #1328 on: May 05, 2013, 08:52:24 AM »

http://www.businessinsider.com/david-rosenberg-bernanke-wizard-potemkin-mauldin-presentation-2013-5


 Sad
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« Reply #1329 on: May 07, 2013, 09:14:36 AM »

http://www.businessinsider.com/part-time-employment-in-retail-rises-2013-5


They voted for him - fuck em 
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« Reply #1330 on: May 07, 2013, 09:54:39 AM »

http://www.huffingtonpost.com/2013/05/07/jolts-data-job-market_n_3230132.html


HOAX AND CHAINS



FORWARD TO COMMUNISM!!!!
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« Reply #1331 on: May 15, 2013, 06:23:04 AM »

EMPIRE FED MANUFACTURING UNEXPECTEDLY SINKS INTO CONTRACTION
 


Matthew Boesler|52 minutes ago|633|2
 
Ryan J. Reilly


The New York Fed's Empire State Manufacturing Survey for the month of May is out.
 
The headline index fell to -1.43 from 3.05 in April, defying economists' prediction for a rise to 4.00.
 
The new orders sub-component fell to -1.17 in May from 2.20 in April.
 
The shipments sub-component fell to -0.02 from 0.75.
 
Below is a summary of the data from the release:
 
The May 2013 Empire State Manufacturing Survey indicates that conditions for New York manufacturers declined marginally. The general business conditions index fell four points to -1.4, its first negative reading since January. The new orders index also edged into negative territory, and the shipments index fell to zero.
 
The prices paid index declined eight points to 20.5, indicating a slowdown in selling price increases, while the prices received index was little changed at 4.6. Employment indexes were mixed, showing both a modest increase in the number of employees and a slight decline in the length of the average workweek.
 
Indexes for the six-month outlook were generally lower, suggesting that optimism about future conditions had weakened.
 
Click here for the full release >


Read more: http://www.businessinsider.com/empire-fed-manufacturing-may-2013-5#ixzz2TMpiTGWD
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« Reply #1332 on: May 15, 2013, 07:13:14 AM »

"Unexpectedly"   Roll Eyes Roll Eyes Roll Eyes

This report follows several reports that were also disappointing.

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« Reply #1333 on: May 16, 2013, 06:17:20 AM »

http://www.dailymail.co.uk/news/article-2325237/President-Obama-shows-possible-decline-net-worth-assets-valued-6-8-million-compared-12-million-2010.html


President Barack Obama and first lady Michelle Obama held assets last year that were worth between $1.8 million and $6.8 million, according to federal financial disclosure forms the White House released Wednesday.
 
The top range of the Obamas' net worth has declined steadily over the past couple years. Their assets were valued between $1.8 million and $12 million in 2010, and between $2.6 million and $8.3 million in 2011.
 
Required by law, the forms allow public officials to list their assets in broad ranges, which makes it difficult to determine a precise net worth.


Read more: http://www.dailymail.co.uk/news/article-2325237/President-Obama-shows-possible-decline-net-worth-assets-valued-6-8-million-compared-12-million-2010.html#ixzz2TSevhSOp







LMFAO!!!!!

HA HA HA HA HA!!!!!
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« Reply #1334 on: May 16, 2013, 06:18:30 AM »

http://swampland.time.com/2013/05/15/biden-take-out-home-loan


LMAO!!!!

Biden forced to take out a second loan on his house.

FORWARD! 
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« Reply #1335 on: May 16, 2013, 06:22:38 AM »

http://www.zerohedge.com/news/2013-05-16/tragic-trifecta-initial-claims-soar-housing-starts-plunge-cpi-below-expectations

Another 3 bad economic reports to add to the other bad reports in the last few weeks. Wal-Mart had a bad showing, as well.

-U.E. claims raise to 360k, 30k more than "expected."

-Housing starts declining in a big way.

-CPI below expectations, even with the spigots opened as far as they will go. The inflation is being sheared off at the source.

But, hey, the markets will hit new highs today, income disparity will continue to explode to levels not seen since right before the Great Depression, the bottom 90% will see their real incomes decline...blah blah blah.

This means Q.E. will get to spray it's sweet juice for years to come.
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« Reply #1336 on: May 16, 2013, 06:23:50 AM »

It pays to be diversified.   Grin

http://www.zerohedge.com/news/2013-05-16/tragic-trifecta-initial-claims-soar-housing-starts-plunge-cpi-below-expectations

Another 3 bad economic reports to add to the other bad reports in the last few weeks. Wal-Mart had a bad showing, as well.

-U.E. claims raise to 360k, 30k more than "expected."

-Housing starts declining in a big way.

-CPI below expectations, even with the spigots opened as far as they will go. The inflation is being sheared off at the source.

But, hey, the markets will hit new highs today, income disparity will continue to explode to levels not seen since right before the Great Depression, the bottom 90% will see their real incomes decline...blah blah blah.

This means Q.E. will get to spray it's sweet juice for years to come.
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« Reply #1337 on: May 16, 2013, 06:48:31 AM »

And like clockwork, last weeks U.E. claims were revised up by 5k, just like they are every week for the last 2 years or so.
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« Reply #1338 on: May 21, 2013, 09:57:15 AM »

http://www.businessinsider.com/report-espn-is-laying-off-hundreds-of-people-2013-5



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« Reply #1339 on: May 25, 2013, 11:52:15 AM »

Cessna lays off salaried workers; numbers unclear By Molly McMillin
 The Wichita Eagle ^ | May 23, 2013

Posted on Saturday, May 25, 2013 9:57:35 AM by KeyLargo

Cessna lays off salaried workers; numbers unclear By Molly McMillin

Posted on Thu, May. 23, 2013

The Wichita Eagle

Cessna Aircraft laid off an undisclosed number of salaried workers Thursday, a month after it offered a voluntary retirement program for hourly and salaried workers.

The company is working to align its workforce with a reduced forecast for sales and production.

“On April 29, Cessna announced as part of the Voluntary Retirement Plan offering that the company would also proceed with involuntary separations based on performance and scope of work,” a Cessna spokesman said in a statement. “The communication at that time indicated that notification of these involuntary separations would occur within the next 30 days. Today’s (Thursday’s) actions represent the implementation of the plans announced last month.”

The company declined to say how many people were laid off.

The cuts did not affect hourly employees represented by the Machinists union, said Frank Molina, president and directing business representative of the Machinists District 70 in Wichita.


(Excerpt) Read more at kansas.com ...
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« Reply #1340 on: May 27, 2013, 07:42:40 PM »

Food Bank distributed record number of weekend backpacks to hungry kids
Wichita Eagle ^ | 5/27/13 | Roy Wenz
Posted on May 27, 2013 10:24:39 PM EDT by Nachum

The Kansas Food Bank gave out record numbers of Friday food packages to schoolchildren in Wichita and throughout the state this year as part of its Food 4 Kids program. The highest number of backpacks of food handed out to needy school children was 7,158 during a week in February, said Larry Gunkel, a Food Bank official running the program. (Snip) The program ensures that students identified by school staff as chronically hungry can get a backpack of food on Fridays for the weekend. Teachers and school social workers have told the Food Bank

(Excerpt) Read more at kansas.com ...
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« Reply #1341 on: May 28, 2013, 10:52:36 AM »

Richmond Fed report (10% of GDP) continues to be in negative territory, this means contraction.

... New order volume plunged to its lowest since January; the number of Employees swung to a negative, also its lowest since January; the average workweek cratered to -6 (its lowest since August 2012); and Wages dropped near its lowest level in a year.

http://www.zerohedge.com/news/2013-05-28/despite-plunge-new-orders-employees-wages-and-workweek-richmond-fed-beats-expectatio
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« Reply #1342 on: May 28, 2013, 10:53:21 AM »

Richmond Fed report (10% of GDP) continues to be in negative territory, this means contraction.

... New order volume plunged to its lowest since January; the number of Employees swung to a negative, also its lowest since January; the average workweek cratered to -6 (its lowest since August 2012); and Wages dropped near its lowest level in a year.

http://www.zerohedge.com/news/2013-05-28/despite-plunge-new-orders-employees-wages-and-workweek-richmond-fed-beats-expectatio

Yet consumer confidence is up!   Grin  Grin
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« Reply #1343 on: May 29, 2013, 08:30:54 AM »

Record 10,978,040 Now On Disability; "Disability" Would Be 8th Most Populous State
 CNSNews.com ^ | May 29,2013 | Terence P. Jeffrey

Posted on Wednesday, May 29, 2013 11:04:03 AM


(CNSNews.com) - The total number of people in the United States now receiving federal disability benefits hit a record 10,978,040 in May, up from 10,962,532 million in April, according to newly released data from the Social Security Administration.


(Excerpt) Read more at cnsnews.com ...
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« Reply #1344 on: May 29, 2013, 09:02:54 AM »

That is ridiculous that there are that many people in disability. Something is wrong.
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« Reply #1345 on: May 29, 2013, 09:32:50 AM »

That is ridiculous that there are that many people in disability. Something is wrong.

I don't think those on disability are counted on the official U-3 count for unemployment numbers.

Good way to hide just how bad it is.
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« Reply #1346 on: June 03, 2013, 07:40:19 PM »

http://www.bloomberg.com/news/2013-06-03/may-ism-manufacturing-index-decreased-to-49-from-50-7-in-april.html


Hope and Change suckers.
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« Reply #1347 on: June 03, 2013, 09:15:24 PM »

Do you three amigos enjoy blowing one another?
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« Reply #1348 on: June 04, 2013, 08:02:36 AM »


Social Security Faces $9.6T in Unfunded Liabilities--$83,894 Per Household



June 3, 2013 - 1:08 PM


By Ryan Kierman



Social Security
(AP Photo)


(CNSNews.com) – The Social Security program faces $9.6 trillion in unfunded liabilities over the next 75 years, which is up $1 trillion from last year’s projection of $8.6 trillion, according to the latest report from Social Security’s board of trustees.

The unfunded liability is the amount that has been promised in benefits to people now alive that will not be funded by the tax revenue the system is expected to take in to pay for those benefits. (The Social Security trustees calculate the unfunded liability for a period of 75 years into the future, from 2012 to 2087).

The report, The 2013 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, provides the latest data through the end of 2012.

Social Security is officially called the Old-Age, Survivors, and Disability Insurance (OASDI) program, and consists of retired workers, their families, and survivors of deceased workers who get monthly benefits under the Old-Age and Survivors Insurance  program and disabled workers and their families who get monthly benefits under the Disability Insurance program.

According to the report, “Through the end of 2087, the combined funds [OASI and DI] have a present-value unfunded obligation of $9.6 trillion.” That is “$1.0 trillion more than the measured level of $8.6 trillion a year ago,” states the report, in reference to the data available for 2011.

That $9.6 trillion shortfall equals approximately $83,894 per household based on the Census Bureau's latest estimate that there are 114,430,000 households in the country.

However, “[e]xtending the horizon beyond 75 years increases the measured unfunded obligation,” according to the report. “Through the infinite horizon, the unfunded obligations, or shortfall, equals $23.1 trillion in present value, which represents 4.0 percent of future taxable payroll or 1.4 percent of future GDP.”

That $23.1 trillion shortfall projection is up from the $20.5 trillion projected shortfall in the 2012 report.

According to the World Bank, the Gross Domestic Product (GDP) of the United States in 2011 was $15.09 billion, which represented about 24.35 percent of the world economy.

“Projected long-range costs for both Medicare and Social Security are not sustainable with currently scheduled financing and will require legislative action to avoid disruptive consequences for beneficiaries and taxpayers,” the report reads.
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« Reply #1349 on: June 05, 2013, 07:12:31 AM »

Another disappointing ADP jobs report, trending down to 100k.

Not good.
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