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Author Topic: Misery Index: The Obama Depression - "Private sector doing just Fine"  (Read 49802 times)
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« Reply #1350 on: June 05, 2013, 07:25:56 AM »

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

Not good.

BLS always is lower than ADP
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« Reply #1351 on: June 05, 2013, 07:35:08 AM »

BLS always is lower than ADP

Indeed.

Those 135k jobs that were created were all in the service sector as it was another month where goods producing jobs were lost.
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« Reply #1352 on: June 13, 2013, 01:11:49 PM »

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 #1353 on: June 18, 2013, 09:04:16 AM »

http://www.usatoday.com/story/news/nation/2013/06/17/marriage-trends-demographics/2424641


 Kiss
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« Reply #1354 on: June 24, 2013, 03:15:26 PM »

http://townhall.com/tipsheet/katiepavlich/2013/06/24/wow-nearly-all-americans-living-paychecktopaycheck-n1626180

 Sad
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« Reply #1355 on: June 25, 2013, 05:33:22 AM »

http://www.huffingtonpost.com/2013/06/24/poverty-children-us-2011_n_3489368.html


Wait - I thought there was a recovery? 
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« Reply #1356 on: June 25, 2013, 06:27:42 AM »


The liberal standard of an economic recovery is so low that they consider the current state a boom.
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« Reply #1357 on: June 25, 2013, 10:42:31 AM »

3/4 of Americans live paycheck-to-paycheck: 22% have less than $100 in savings
American Thinker ^  | 06/25/2013 | Rick Moran

Posted on Tuesday, June 25, 2013 11:34:46 AM by SeekAndFind

A nation living beyond its means or is it something having to do with changes in the economy? The bottom line is Americans aren't saving much money, don't put money away for a rainy day, and are living "hand to mouth" as they used to say with 76% living virtually paycheck to paycheck.

From CNN Money:

Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than a three-month cushion and 27% had no savings at all.

"It's disappointing," said Greg McBride, Bankrate.com's senior financial analyst. "Nothing helps you sleep better at night than knowing you have money tucked away for unplanned expenses."

Even more disappointing; The savings rates have barely changed over the past three years, even though a larger percentage of consumers report an increase in job security, a higher net worth and an overall better financial situation.

I think a lot of people are just ignorant about how to handle money. They don't budget. They splurge. They have impulse buys. And they get to the end of the month and wonder where it all went.

Also, I don't think there's any doubt that a large percentage of Americans have more house than they can afford. We saw this in the housing meltdown. Too many people take on too much mortgage for their income. And mortage companies have relaxed qualifications so that more people can afford more expensive houses.


(Excerpt) Read more at americanthinker.com ...
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« Reply #1358 on: June 25, 2013, 03:58:47 PM »

3/4 of Americans live paycheck-to-paycheck: 22% have less than $100 in savings
American Thinker ^  | 06/25/2013 | Rick Moran

Posted on Tuesday, June 25, 2013 11:34:46 AM by SeekAndFind

A nation living beyond its means or is it something having to do with changes in the economy? The bottom line is Americans aren't saving much money, don't put money away for a rainy day, and are living "hand to mouth" as they used to say with 76% living virtually paycheck to paycheck.

From CNN Money:

Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than a three-month cushion and 27% had no savings at all.

"It's disappointing," said Greg McBride, Bankrate.com's senior financial analyst. "Nothing helps you sleep better at night than knowing you have money tucked away for unplanned expenses."

Even more disappointing; The savings rates have barely changed over the past three years, even though a larger percentage of consumers report an increase in job security, a higher net worth and an overall better financial situation.

I think a lot of people are just ignorant about how to handle money. They don't budget. They splurge. They have impulse buys. And they get to the end of the month and wonder where it all went.

Also, I don't think there's any doubt that a large percentage of Americans have more house than they can afford. We saw this in the housing meltdown. Too many people take on too much mortgage for their income. And mortage companies have relaxed qualifications so that more people can afford more expensive houses.


(Excerpt) Read more at americanthinker.com ...


Who needs a growing paycheck or a savings account when you have cheap credit!?
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« Reply #1359 on: June 26, 2013, 05:59:24 AM »

U.S. final Q1 GDP revised down to 1.8% from 2.4% [Sharply Down: Obama Economy FAILING]
Investing.com ^  | 6/26/13

Posted on Wednesday, June 26, 2013 8:45:26 AM by


The U.S. economy grew significantly less-than-expected in the first quarter of 2013, fuelling concerns over the U.S. economic outlook, official data showed on Wednesday.

In a report, the Bureau of Economic Analysis said gross domestic product increased at a seasonally adjusted annual rate of 1.8% in the three months to March, below expectations for a 2.4% gain.


(Excerpt) Read more at investing.com ...
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« Reply #1360 on: June 26, 2013, 07:09:44 AM »

http://www.huffingtonpost.com/2013/06/26/us-gdp-q1-first-quarter-2013_n_3502310.html


HOPE AND CHANGE BITCHES!
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« Reply #1361 on: July 08, 2013, 09:34:48 AM »

http://cnsnews.com/news/article/101m-americans-get-food-aid-federal-gov-t-more-number-private-sector-workers


dAMN!!!!
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« Reply #1362 on: July 09, 2013, 03:16:03 PM »

http://www.huffingtonpost.com/2013/07/09/unemployed-job-opening_n_3568646.html


3 job seekers for ever job opening
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« Reply #1363 on: July 19, 2013, 05:39:28 AM »

http://www.huffingtonpost.com/2013/07/19/unemployment-rate-wrong_n_3619152.html


 Shocked
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« Reply #1364 on: July 19, 2013, 08:11:15 PM »

If this were Egypt... Obama would have been out a long time ago Sad
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« Reply #1365 on: July 22, 2013, 09:10:26 AM »

http://www.thegatewaypundit.com/2013/07/confirmed-gang-membership-up-40-under-obama-violent-attacks-on-whites-up-18


 Shocked  Shocked
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« Reply #1366 on: July 24, 2013, 09:54:41 AM »

http://www.cnsnews.com/mrctv-blog/gregory-gwyn-williams-jr/two-americans-added-food-stamp-rolls-every-job-administration


terrible
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« Reply #1367 on: July 26, 2013, 06:31:15 AM »

REVIEW & OUTLOOKUpdated July 25, 2013, 9:32 p.m. ET.The Inequality President
The rich have done fine under Obamanomics, not so the middle class..
Article Video Comments (1045) more in Opinion | Find New $LINKTEXTFIND$ ».
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President Obama made his fourth or fifth, or maybe it's the seventh or eighth, pivot to the economy on Wednesday, and a revealing speech it was. We counted four mentions of "growth" but "inequality" got five. This goes a long way to explaining why Mr. Obama is still bemoaning the state of the economy five years into his Presidency.

The President summed up his economic priorities close to the top of his hour-long address. "This growing inequality isn't just morally wrong; it's bad economics," he told his Galesburg, Illinois audience. "When middle-class families have less to spend, businesses have fewer customers. When wealth concentrates at the very top, it can inflate unstable bubbles that threaten the economy. When the rungs on the ladder of opportunity grow farther apart, it undermines the very essence of this country."

Then the heart of the matter: "That's why reversing these trends must be Washington's highest priority. It's certainly my highest priority."

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WSJ editorial board member Steve Moore on President Obama’s economic speech at Knox College. Photo: Associated Press
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Which is the problem. For four and a half years, Mr. Obama has focused his policies on reducing inequality rather than increasing growth. The predictable result has been more inequality and less growth. As even Mr. Obama conceded in his speech, the rich have done well in the last few years thanks to a rising stock market, but the middle class and poor have not. The President called his speech "A Better Bargain for the Middle Class," but no President has done worse by the middle class in modern times.

By now the lackluster growth figures are well known. The recovery that began four years ago has been one of the weakest on record, averaging a little more than 2%. And it has not gained speed. Growth in the fourth quarter of 2012 was 0.4%. It rose to a still anemic 1.8% in the first quarter but most economists are predicting even slower growth in the second quarter.

We hope the predictions of a faster growth in the second half will be right, but the Obama Treasury and Federal Reserve have been predicting for four years that takeoff was just around the corner. Stocks are doing great, and housing prices are rising, but job growth remains lackluster. What has never arrived is the 3%-4% growth spurt during typical expansions.

The official excuse is that recoveries coming out of recessions caused by financial crises are always slow. But then why have we been told every few months for five years that faster growth would soon be coming? Perhaps readers recall former Treasury Secretary Tim Geithner's famous 2010 op-ed, "Welcome to the Recovery." Mr. Obama wants it both ways: Take credit for recovering from recession, but blame that recession ad infinitum for the slow pace of the recovery.

[image] .
What about the middle class that is the focus of Mr. Obama's rhetoric? Each month the consultants at Sentier Research crunch the numbers from the Census Bureau's Current Population Survey and estimate the trend in median annual household income adjusted for inflation. In its May 2013 report, Sentier put the figure at $51,500, essentially unchanged from $51,671 a year earlier.

And that's the good news. The bad news is that median real household income is $2,718, or 5%, lower than the $54,218 median in June 2009 when the recession officially ended. Median incomes typically fall during recessions. But the striking fact of the Obama economy is that median real household income has fallen even during the recovery.

While the declines have stabilized over the last two years, incomes are still far below the previous peak located by Sentier of $56,280 in January 2008. No wonder Mr. Obama is now turning once again to his familiar political narrative assailing inequality and blaming everyone else for it. He wants to change the subject from the results on his watch.

The core problem has been Mr. Obama's focus on spreading the wealth rather than creating it. ObamaCare will soon hook more Americans on government subsidies, but its mandates and taxes have hurt job creation, especially at small businesses. Mr. Obama's record tax increases have grabbed a bigger chunk of affluent incomes, but they created uncertainty for business throughout 2012 and have dampened growth so far this year.

The food stamp and disability rolls have exploded, which reduces inequality but also reduces the incentive to work and rise on the economic ladder. This has contributed to a plunge in the share of Americans who are working—the labor participation rate—to 63.5% in June from 65.7% in June 2009. And don't forget the Fed's extraordinary monetary policy, which has done well by the rich who have assets but left the thrifty middle class and retirees earning pennies on their savings.

Mr. Obama would have done far better by the poor, the middle class and the wealthy if he had focused on growing the economy first. The difference between the Obama 2% recovery and the Reagan-Clinton 3%-4% growth rates is rising incomes for nearly everybody.

House Republicans have put a check on Mr. Obama's most destructive economic policies, but the President could do more to help growth if he crossed party lines to pass tax reform the way Reagan did in his second term, or to work out a budget deal as Bill Clinton did in his fifth year.

Mr. Obama's only pro-growth proposal is immigration reform, and we're not sure he wants even that to pass. Judging by the partisan tenor of his Wednesday speech, he may be setting it up to use as a campaign wedge in 2014. If only Mr. Obama understood that before a government can redistribute wealth, the private economy has to create it.
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« Reply #1368 on: July 26, 2013, 09:41:50 AM »

http://philadelphia.cbslocal.com/2013/07/24/study-u-s-marriage-rate-lowest-in-a-century



The Obama depression continues
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« Reply #1369 on: July 26, 2013, 09:49:24 AM »


LOL - now you're trying to blame Obama for declining rates of marriage (funny no mention of the Obama connection in the article - I wonder why ?)

you're a fucking lunatic

I'm having my best year in 10 years

I suspect that you will be depressed and miserable no matter who is in office
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« Reply #1370 on: July 26, 2013, 09:51:18 AM »

LOL - now you're trying to blame Obama for declining rates of marriage (funny no mention of the Obama connection in the article - I wonder why ?)

you're a fucking lunatic

I'm having my best year in 10 years

I suspect that you will be depressed and miserable no matter who is in office

You can get married to your boyfriend - of course you are having a great time. 
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« Reply #1371 on: July 26, 2013, 09:55:10 AM »

You can get married to your boyfriend - of course you are having a great time. 

you must be thinking about yourself given that you're the alleged straight man who can't stop talking about twinks and posting stories about cock

my income this year is on track to be the best in 10 years

how about you?

weren't you supposed to take over someone business and not have any time to post.   What happened to that.  You seem to post more than ever albeit with the same lack of content as before

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« Reply #1372 on: July 26, 2013, 09:56:53 AM »

you must be thinking about yourself given that you're the alleged straight man who can't stop talking about twinks and posting stories about cock

my income this year is on track to be the best in 10 years

how about you?

weren't you supposed to take over someone business and not have any time to post.   What happened to that.  You seem to post more than ever albeit with the same lack of content as before



Just closed on my place this past week and am happy about it. 
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« Reply #1373 on: July 26, 2013, 09:59:14 AM »

Just closed on my place this past week and am happy about it. 

so you'll be moving out of the ghetto and away from all the beasts and savages and especially those black guys with the gold teeth that seem to scare the piss out of you?

what happened to that practice you were supposed to take over last year ?
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« Reply #1374 on: July 26, 2013, 10:02:37 AM »

so you'll be moving out of the ghetto and away from all the beasts and savages and especially those black guys with the gold teeth that seem to scare the piss out of you?

what happened to that practice you were supposed to take over last year ?

Im in WHITE Plains now - things are going fine.  Right near Metro North and Supreme Court. 

Im on the move. 
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