PoliticalChic
Diamond Member
Just a couple dozen recent news articles that lead to an ineluctable conclusion about Barack Hussein Obama....
...one that the Right predicted lo on seven years ago.
1. "...take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.
The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.
“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,”..."http://www.nytimes.com/2015/09/03/b...rkers-see-biggest-drop-in-paychecks.html?_r=0
2."....US hourly wages have not only not increased for the past 7 years,but for thevast majority of the labor force continue to decline,.... just the month of August will be enough to provide the Trump - and every other - campaign with enough soundbites and pivot points to last it for weeks on end: namely,that in August a whopping 698,000 native-born Americans lost their job.This drop was offset by 204,000 foreign-born Americans, who got a job in the month of August. ....since December 2007, according to the Household Survey,only 790,000 native born Americanjobs have been added.Contrast that withthe 2.1 million foreign-born Americanswho have found a job over the same time period..."698K Native-Born Americans Lost Their Job In August: Why This Suddenly Is The Most Important Jobs Chart | Zero Hedge
3. October 2015: "Payrolls Disaster: Only 142K Jobs Added In September With Zero Wage Growth; August Revised Much Lower"Payrolls Disaster: Only 142K Jobs Added In September With Zero Wage Growth; August Revised Much Lower | Zero Hedge
4. "Obamacare health insurance co-ops surged past the $1 billion mark in losses this week, making history of sorts.The insolvencies, totaling $1.36 billion, mean that the co-ops have burned through more than half of theoriginal $2 billion appropriatedin 2010 for the program under the Affordable Care Act. The funds were loaned to the start-up co-ops in 2012 and were to be repaid in 15 years, according to the Centers for Medicare and Medicaid Services, which manages Obamacare.
...13 of the 23 federally-financed Obamacare co-ops have officially failed in only two years. Most are in the process of default as insurance regulators attempt to pay customer’s medical bills, cover medical providers and pay other creditors.
Obamacare Co-Op Mess Causes $1.3 Billion In Losses
5."Obama Administration Announces 144 Big Regulations Right Before Thanksgiving
This is a new record, beating the previous high of 136 set by President Obama this spring."
Obama Administration Announces 144 Big Regulations Right Before Thanksgiving
6. "...ObamaCare experiment costing taxpayers $2.4 billionis failing. The co-ops were founded on the idealistic belief that community members could band together to create health insurance companies that would be member-driven, service-oriented, and would not have to answer to shareholders or turn a profit."
400,000 Citizens To Lose Health Insurance (Again) Because Of Obamacare Co-Op Failures
7. "The U.S. expanded at a 2.2% rate through the first nine months of the year, and the economy is projected to grow at a similar pace in the fourth quarter that ends on Dec. 31. If so, the economy will have failed to reach 3% growth for the 10th straight year, marking the slowest stretch since the end of World War II.
Historically the economy has expanded at a 3.3% rate."U.S. economy set to grow less than 3% for the 10th straight year
8. "Congress has now cleared the way for federal debt to pass$20 trillionby the end of the president’s second term. President Obama said the new budget deal will be paid for in a “balanced” and “responsible” way, but on the day the deal was signed, the federal debt jumped $339 billion—a third of a trillion dollars in one day."Societywatch
9.The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2015 is 0.8 percent on January 8, down from 1.0 percent on January 6. The forecast for the contribution of inventory investment to fourth-quarter real GDP growth declined 0.2 percentage points to -0.8 percentage points after this morning's wholesale trade report from the U.S. Census Bureau.GDPNow
10. "Retail Sales in U.S. Decrease to End Weakest Year Since 2009Sales at U.S. retailers declined in December to wrap the weakest year since 2009, raising concern about the momentum in consumer spending heading into 2016. The 0.1 percent drop matched the median forecast of 84 economists surveyed by Bloomberg and followed a 0.4 percent gain in November, Commerce Department figures showed Friday in Washington. For all of 2015, purchases climbed 2.1 percent, the smallest advance of the current economic expansion."Retail Sales in U.S. Decrease to End Weakest Year Since 2009
11. " The federal government heavily subsidizes higher education through a complex system of grants and loans. While the programs are great for colleges — they haveenabledan astronomical increase in tuition — they contain few measures holding the institutions accountable to their students. As a result, only59 percentof students graduate from four-year colleges and universities within six years. Those lucky enough to graduate face another hurdle:44 percentof recent college graduates occupy jobs which do not require a college degree. Taken together, these numbers suggest that only one-third of college enrollees emerge from the system with both a degree and a relevant job." What "Free" College Can't Fix | Preston Cooper
12. Obama is the first President never to have had a year of 3% or better economic growth: "...annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama’s Growth Gap Hits $1.31 Trillion
a. "The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt
b. "....first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire
13. According to the2016 Index of Economic Freedom, an annual publication by The Heritage Foundation, America’s economic freedom has tumbled. With losses of economic freedom in eight of the past nine years, the U.S. has tied its worst score ever, wiping out a decade of progress. Since early2009:
· Government spending has exploded, amounting to $29,867 per household in 2015.
· The national debt has risen to $125,000 for every tax filing household in America—a total over $18 trillion.
· The government takeover of health care is raising prices and disrupting markets.
· Bailouts and new government regulations have increased uncertainty, stifling investment and job creation. America’s Economic Freedom Has Rapidly Declined Under Obama
14 "Despite the unemployment rate being at an eight-year low (4.9 percent as of January 2016), the number of people on food stamps remains near an all-time high which was 47,636,000 in 2013.
Why the disparity in the numbers? Well, the unemployment rate does not take into account people who are not in, or have dropped out of, the workforce altogether.
The Bureau of Labor Statistics reported in January of this year that approximately 94 million Americans are not participating in the workforce.
We now have a country based on government dependence." Food Stamp Users Near Record High Despite Low Unemployment Rate
15. "CHICAGO (Reuters) - Predominantly African-American neighborhoods in Chicago have seen poverty rise and services diminish even as the nation's third largest city has become less racially segregated,.... black areas are seeing economic stagnation or decline,.... mostly black areas have lost health clinics, social service agencies and other areas of support..." Exclusive: Poverty up, services diminished in Chicago's black neighborhoods - study
16. "Employers added more workers in February than projected but wages unexpectedly declined, dashing hopes that reduced slack in the labor market was starting to benefit all Americans..... Average hourly earnings dropped by 0.1 percent from the prior month, the first decline since December 2014 the Labor Department’s figures showed. Worker pay increased 2.2 percent over the 12 months ended in February, less than the 2.5 percent forecast in the Bloomberg survey. Wage growth has been hovering just above 2 percent year-over-year on average since the current expansion began in mid-2009." http://www.bloomberg.com/news/artic...s-surge-while-wages-drop-in-mixed-jobs-report
17. New Obama regulation will deprive middle class investors of access to financial information. "...the controversial pending Department of Labor regulation that would impose new restrictions on a vast swath of financial professionals... a new report for the Competitive Enterprise Institute, similar restrictions in Great Britain have caused a “guidance gap” in which brokers have largely stopped serving customers with assets less than £150,000 ($240,000).... Such limits on financial discussion may seem to violate the First Amendment..." http://www.forbes.com/sites/johnber...l-broadcasters-like-dave-ramsey/#2962753ee696
“this Obama rule will kill the Middle Class and below ability to access personal advice.”
18. "U.S. retail sales dropped in February and the prior month’s gain was revised to a decline, calling into question the narrative that bigger gains in consumer spending would propel economic growth at the start of 2016. The 0.1 percent decline in purchases followed a revised 0.4 percent January decrease, Commerce Department figures showed Tuesday.... “We’re seeing higher rents, higher healthcare expenses,.... Retail sales excluding autos fell 0.1 percent after a 0.4 percent decrease in January, according to Tuesday’s report." http://www.bloomberg.com/news/artic...s-fell-in-february-after-january-revised-down
19. "That basic math is why middle class incomes have been in decline under Obama. The Census Bureau reports that since Obama became President 7 years ago, real median household income has fallen by $1,300 a year. Heritage Foundation Chief Economist Steve Moore explained in testimony before the Ways and Means Committee, “At 2 percent growth the economy doesn’t spin off enough jobs to increase wages, and tax revenues grow much too slowly to balance the budget.”
The recession officially ended more than 6 years ago. Wages and incomes have always grown in recoveries, not declined. Moreover, the American historical record is the deeper the recession, the stronger the recovery. The economy is supposed to boom in a recovery to catch up with its long term economic growth trendline. But over 6 years after the recession ended, that still has not happened. Instead, what we have gotten under President Obama is the worst recovery from a recession since the Great Depression." http://limittaxes.org/2016/02/realizing-the-super-bowl-of-american-economic-growth/
20. "8 More Obamacare Co-ops Will Probably Shut Down
12 of the 23 taxpayer funded non-profit co-ops created under the Affordable Care Act were shuttered, and the largest of them isunder investigation.
Records obtained by Richard Pollack of theDaily Callerindicate another 8 co-ops might be on their way out this year:
'...there’s not a turnaround in sight. The same problems that plagued them before are continuing,”
8 More Obamacare Co-ops Will Probably Shut Down
21. the United States had lost its once-enormous global lead in middle-class pay, based on international income surveys over the last three decades.After-tax median income in Canada appears to have been higher last year than the same measure in this country. The poor in Canada and much of western Europe earn more than the poor here. http://www.nytimes.com/2014/04/29/u...dgety-boys-and-a-sputtering-economy.html?_r=0
22. Middle aged people laid off and unable to find work are taking another way out. They're killing themselves. Suicide rates are soaring, according to federal data released last week. Especially in economically depressed states and job-starved upstate New York. People in need of work are twice as likely to take their own lives as employed people, and people fired in their forties and fifties find it hardest to get hired again.
That makes boosting economic growth a life- and- death issue. But you wouldn't know it listening to Barack Obama and Hillary Clinton. President Obama whitewashes reality, claiming the "American economy is pretty darn good right now."
http://www.nysun.com/editorials/soaring-suicides-emerge/89558/
23. "U.S. Economy Expands to 0.5% Pace, Weakest in Two Years
The U.S. economy expanded in the first quarter at the slowest pace in two years ....Gross domestic product rose at a 0.5 percent annualized rate after a 1.4 percent fourth-quarter advance, Commerce Department data showed Thursday. The increase was less than the 0.7 percent median projection in a Bloomberg survey and marked the third straight disappointing start to a year." http://www.bloomberg.com/news/artic...in-first-quarter-at-slowest-pace-in-two-years
"OBAMA: Anyone claiming that America's economy is in decline is peddling fiction.” http://www.realclearpolitics.com/vi...conomy_is_in_decline_is_peddling_fiction.html
OMG!!!!
...one that the Right predicted lo on seven years ago.
1. "...take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.
The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.
“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,”..."http://www.nytimes.com/2015/09/03/b...rkers-see-biggest-drop-in-paychecks.html?_r=0
2."....US hourly wages have not only not increased for the past 7 years,but for thevast majority of the labor force continue to decline,.... just the month of August will be enough to provide the Trump - and every other - campaign with enough soundbites and pivot points to last it for weeks on end: namely,that in August a whopping 698,000 native-born Americans lost their job.This drop was offset by 204,000 foreign-born Americans, who got a job in the month of August. ....since December 2007, according to the Household Survey,only 790,000 native born Americanjobs have been added.Contrast that withthe 2.1 million foreign-born Americanswho have found a job over the same time period..."698K Native-Born Americans Lost Their Job In August: Why This Suddenly Is The Most Important Jobs Chart | Zero Hedge
3. October 2015: "Payrolls Disaster: Only 142K Jobs Added In September With Zero Wage Growth; August Revised Much Lower"Payrolls Disaster: Only 142K Jobs Added In September With Zero Wage Growth; August Revised Much Lower | Zero Hedge
4. "Obamacare health insurance co-ops surged past the $1 billion mark in losses this week, making history of sorts.The insolvencies, totaling $1.36 billion, mean that the co-ops have burned through more than half of theoriginal $2 billion appropriatedin 2010 for the program under the Affordable Care Act. The funds were loaned to the start-up co-ops in 2012 and were to be repaid in 15 years, according to the Centers for Medicare and Medicaid Services, which manages Obamacare.
...13 of the 23 federally-financed Obamacare co-ops have officially failed in only two years. Most are in the process of default as insurance regulators attempt to pay customer’s medical bills, cover medical providers and pay other creditors.
Obamacare Co-Op Mess Causes $1.3 Billion In Losses
5."Obama Administration Announces 144 Big Regulations Right Before Thanksgiving
This is a new record, beating the previous high of 136 set by President Obama this spring."
Obama Administration Announces 144 Big Regulations Right Before Thanksgiving
6. "...ObamaCare experiment costing taxpayers $2.4 billionis failing. The co-ops were founded on the idealistic belief that community members could band together to create health insurance companies that would be member-driven, service-oriented, and would not have to answer to shareholders or turn a profit."
400,000 Citizens To Lose Health Insurance (Again) Because Of Obamacare Co-Op Failures
7. "The U.S. expanded at a 2.2% rate through the first nine months of the year, and the economy is projected to grow at a similar pace in the fourth quarter that ends on Dec. 31. If so, the economy will have failed to reach 3% growth for the 10th straight year, marking the slowest stretch since the end of World War II.
Historically the economy has expanded at a 3.3% rate."U.S. economy set to grow less than 3% for the 10th straight year
8. "Congress has now cleared the way for federal debt to pass$20 trillionby the end of the president’s second term. President Obama said the new budget deal will be paid for in a “balanced” and “responsible” way, but on the day the deal was signed, the federal debt jumped $339 billion—a third of a trillion dollars in one day."Societywatch
9.The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2015 is 0.8 percent on January 8, down from 1.0 percent on January 6. The forecast for the contribution of inventory investment to fourth-quarter real GDP growth declined 0.2 percentage points to -0.8 percentage points after this morning's wholesale trade report from the U.S. Census Bureau.GDPNow
10. "Retail Sales in U.S. Decrease to End Weakest Year Since 2009Sales at U.S. retailers declined in December to wrap the weakest year since 2009, raising concern about the momentum in consumer spending heading into 2016. The 0.1 percent drop matched the median forecast of 84 economists surveyed by Bloomberg and followed a 0.4 percent gain in November, Commerce Department figures showed Friday in Washington. For all of 2015, purchases climbed 2.1 percent, the smallest advance of the current economic expansion."Retail Sales in U.S. Decrease to End Weakest Year Since 2009
11. " The federal government heavily subsidizes higher education through a complex system of grants and loans. While the programs are great for colleges — they haveenabledan astronomical increase in tuition — they contain few measures holding the institutions accountable to their students. As a result, only59 percentof students graduate from four-year colleges and universities within six years. Those lucky enough to graduate face another hurdle:44 percentof recent college graduates occupy jobs which do not require a college degree. Taken together, these numbers suggest that only one-third of college enrollees emerge from the system with both a degree and a relevant job." What "Free" College Can't Fix | Preston Cooper
12. Obama is the first President never to have had a year of 3% or better economic growth: "...annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama’s Growth Gap Hits $1.31 Trillion
a. "The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt
b. "....first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire
13. According to the2016 Index of Economic Freedom, an annual publication by The Heritage Foundation, America’s economic freedom has tumbled. With losses of economic freedom in eight of the past nine years, the U.S. has tied its worst score ever, wiping out a decade of progress. Since early2009:
· Government spending has exploded, amounting to $29,867 per household in 2015.
· The national debt has risen to $125,000 for every tax filing household in America—a total over $18 trillion.
· The government takeover of health care is raising prices and disrupting markets.
· Bailouts and new government regulations have increased uncertainty, stifling investment and job creation. America’s Economic Freedom Has Rapidly Declined Under Obama
14 "Despite the unemployment rate being at an eight-year low (4.9 percent as of January 2016), the number of people on food stamps remains near an all-time high which was 47,636,000 in 2013.
Why the disparity in the numbers? Well, the unemployment rate does not take into account people who are not in, or have dropped out of, the workforce altogether.
The Bureau of Labor Statistics reported in January of this year that approximately 94 million Americans are not participating in the workforce.
We now have a country based on government dependence." Food Stamp Users Near Record High Despite Low Unemployment Rate
15. "CHICAGO (Reuters) - Predominantly African-American neighborhoods in Chicago have seen poverty rise and services diminish even as the nation's third largest city has become less racially segregated,.... black areas are seeing economic stagnation or decline,.... mostly black areas have lost health clinics, social service agencies and other areas of support..." Exclusive: Poverty up, services diminished in Chicago's black neighborhoods - study
16. "Employers added more workers in February than projected but wages unexpectedly declined, dashing hopes that reduced slack in the labor market was starting to benefit all Americans..... Average hourly earnings dropped by 0.1 percent from the prior month, the first decline since December 2014 the Labor Department’s figures showed. Worker pay increased 2.2 percent over the 12 months ended in February, less than the 2.5 percent forecast in the Bloomberg survey. Wage growth has been hovering just above 2 percent year-over-year on average since the current expansion began in mid-2009." http://www.bloomberg.com/news/artic...s-surge-while-wages-drop-in-mixed-jobs-report
17. New Obama regulation will deprive middle class investors of access to financial information. "...the controversial pending Department of Labor regulation that would impose new restrictions on a vast swath of financial professionals... a new report for the Competitive Enterprise Institute, similar restrictions in Great Britain have caused a “guidance gap” in which brokers have largely stopped serving customers with assets less than £150,000 ($240,000).... Such limits on financial discussion may seem to violate the First Amendment..." http://www.forbes.com/sites/johnber...l-broadcasters-like-dave-ramsey/#2962753ee696
“this Obama rule will kill the Middle Class and below ability to access personal advice.”
18. "U.S. retail sales dropped in February and the prior month’s gain was revised to a decline, calling into question the narrative that bigger gains in consumer spending would propel economic growth at the start of 2016. The 0.1 percent decline in purchases followed a revised 0.4 percent January decrease, Commerce Department figures showed Tuesday.... “We’re seeing higher rents, higher healthcare expenses,.... Retail sales excluding autos fell 0.1 percent after a 0.4 percent decrease in January, according to Tuesday’s report." http://www.bloomberg.com/news/artic...s-fell-in-february-after-january-revised-down
19. "That basic math is why middle class incomes have been in decline under Obama. The Census Bureau reports that since Obama became President 7 years ago, real median household income has fallen by $1,300 a year. Heritage Foundation Chief Economist Steve Moore explained in testimony before the Ways and Means Committee, “At 2 percent growth the economy doesn’t spin off enough jobs to increase wages, and tax revenues grow much too slowly to balance the budget.”
The recession officially ended more than 6 years ago. Wages and incomes have always grown in recoveries, not declined. Moreover, the American historical record is the deeper the recession, the stronger the recovery. The economy is supposed to boom in a recovery to catch up with its long term economic growth trendline. But over 6 years after the recession ended, that still has not happened. Instead, what we have gotten under President Obama is the worst recovery from a recession since the Great Depression." http://limittaxes.org/2016/02/realizing-the-super-bowl-of-american-economic-growth/
20. "8 More Obamacare Co-ops Will Probably Shut Down
12 of the 23 taxpayer funded non-profit co-ops created under the Affordable Care Act were shuttered, and the largest of them isunder investigation.
Records obtained by Richard Pollack of theDaily Callerindicate another 8 co-ops might be on their way out this year:
'...there’s not a turnaround in sight. The same problems that plagued them before are continuing,”
8 More Obamacare Co-ops Will Probably Shut Down
21. the United States had lost its once-enormous global lead in middle-class pay, based on international income surveys over the last three decades.After-tax median income in Canada appears to have been higher last year than the same measure in this country. The poor in Canada and much of western Europe earn more than the poor here. http://www.nytimes.com/2014/04/29/u...dgety-boys-and-a-sputtering-economy.html?_r=0
22. Middle aged people laid off and unable to find work are taking another way out. They're killing themselves. Suicide rates are soaring, according to federal data released last week. Especially in economically depressed states and job-starved upstate New York. People in need of work are twice as likely to take their own lives as employed people, and people fired in their forties and fifties find it hardest to get hired again.
That makes boosting economic growth a life- and- death issue. But you wouldn't know it listening to Barack Obama and Hillary Clinton. President Obama whitewashes reality, claiming the "American economy is pretty darn good right now."
http://www.nysun.com/editorials/soaring-suicides-emerge/89558/
23. "U.S. Economy Expands to 0.5% Pace, Weakest in Two Years
The U.S. economy expanded in the first quarter at the slowest pace in two years ....Gross domestic product rose at a 0.5 percent annualized rate after a 1.4 percent fourth-quarter advance, Commerce Department data showed Thursday. The increase was less than the 0.7 percent median projection in a Bloomberg survey and marked the third straight disappointing start to a year." http://www.bloomberg.com/news/artic...in-first-quarter-at-slowest-pace-in-two-years
"OBAMA: Anyone claiming that America's economy is in decline is peddling fiction.” http://www.realclearpolitics.com/vi...conomy_is_in_decline_is_peddling_fiction.html
OMG!!!!
