Posts Tagged ‘business start-ups’

My Final Say On Why Barack Obama Does NOT Deserve Reelection

November 5, 2012

Obama has added a fourth dimension to dishonesty.  They used to say, “There are lies, damn lies, and statistics.”  Now it’s “There are lies, damn lies, statistics and Obamanomics.”  Because Obama’s entire economic policy is a giant turd.  And while it looks like a turd, smells like a turd, and feels like a turd if you’re idiot enough to touch it, Obama tells you it’s actually gold-plated.

The unemployment rate is HIGHER than it was when Obama took office.  It is HIGHER than it EVER WAS under George W. Bush.  But in spite of that reality, it somehow never stopped Obama from just demonizing Bush.  Obama has never taken personally responsibility for anything.

George Bush’s unemployment rate was 5.26% over eight years.  At this point near the very end of Obama’s failed first (and hopefully ONLY term), Obama has given us an average unemployment rate of over 9 percent (9.03%).

You’d think that a man who never came CLOSE to George Bush’s unemployment rate – and frankly a man who never WILL come close to Bush’s unemployment rate – wouldn’t talk so much smack about George Bush.  BUT THAT’S ALL OBAMA DOES.  And the reason that’s all he does is simply because it’s all he has: demagoguery and demonization and blame and Marxist class warfare.

I suppose I can understand why those monthly unemployment rates under Bush looked bad to Democrats.  Because people would expect them to get off their lazy little roach asses and get a damn job back then instead of Obama giving them food stamps for life.  Obama has increased food stamps by 53 percent under his presidency; and what the hell, if you go back to when Nancy Pelosi took over the House of Representatives and Harry Reid took over the US Senate in 2007, Democrats have increased food stamps by 70 percent.  And all you welfare parasites ought to really like that trend – at least until you’ve sucked more blood out of the increasingly few Americans who are actually producing anything and the country implodes and you starve because Obama trained you to be completely dependent sponges.  It will be bad for you then, but then again none of you have EVER been capable of thinking about tomorrow and actually taking steps to avoid catastrophe before, so why start now?  You don’t need a damn job; YOU’VE GOT OBAMA.

You also need to understand that Barack Obama has in no way, shape or form lowered the unemployment rate.  What he has done is massively increase the number of discouraged workers – who don’t count in the official unemployment rate calculations.

There’s a vital statistic called the “labor force participation rate.”  What is it?  It is the percentage of working-age Americans who actually have a job.  And that rate has plunged and plunged and plunged every single year of Obama’s presidency.  I’ve written about this: if you look at November of 2010, the labor participation rate under Obama was at a 25-year low (i.e., worse than it EVER was under Bush) at 64.5%.   The next year, 2011, the participation rate was at a 27-year low at 63.9%.  In May of this year, the participation rate was at 63.6% and was the worst in thirty years.  And at that point just a few months ago the labor participation rate for men was the lowest it had EVER been since they started keeping records in 1948.  By August of this year it declined yet again to 63.5% to the lowest level in thirty-one years.

When our unemployment rate drops precipitously because four discouraged workers give up ever getting a job under this failed presidency for every one who actually gets a job, you need a new president.

If we applied the labor force participation rate that George Bush handed off to Obama, the unemployment rate would be well over 10 percent.

And what about the businesses that would be creating jobs if it weren’t for the fact that a turd is sitting in the White House where a president ought to be?

What is true of the labor force participation is also true of business start ups in America under Obama.  Two years ago – and this being during the so-called Obama “recovery,” the number of U.S. business start-ups and dropped 24% – and how the hell does that happen in a “recovery” when you’re supposedly coming out of a recession that you blame Bush for?  Last year the number of business start-ups had plunged to a 25 year low which was THE LOWEST level ever measured since the statistic began to be tracked in 1986.  Now under Obama’s utterly failed leadership and under his Marxist class warfare, the number of business start-ups is at a 30 year low.

Obama isn’t adding anywhere NEAR enough jobs to keep up with the 10 million people who have joined the workforce by virtue of becoming adults during his presidency.

I don’t understand.  Why do so many Democrats want America to weaken, to fail and to implode?  What is it about this country that so many people call “The Great Satan” that you Democrats despise so much?

You can look at America’s global competitiveness under Obama and see the same failure.  Last year, America dropped to fifth place.  This year, thanks to Obama’s leadership, America has plunged to seventh place in global competitiveness.  And in fact we have dropped down the ladder under Obama every single year of his failed presidency in global competitiveness.

And wait, I’m not done, because the United States has now also plunged in a manner described as “unprecedented” to TWELFTH place in prosperity under Obama.

We were #1 in the world in global competitiveness when George Bush handed the presidency to Barack Obama.

If you vote Democrat, I guess you think our decline is good.  You clearly do, because you thought that our being number one in the world under George W. Bush was somehow bad.  You want America to drop to twelfth place, to twentieth place, to fiftieth place.  Why?  What is morally and psychologically wrong with you?

And don’t think for a second that Democrats want more money in the pockets of working people.  Because the median household income has dropped $4,520 since that evil day that President Obama took officeBetting on Obama cost you 8.2% of the average American’s income.  That’s how much the average American has basically lost every year as a result of their lousy bet on Obama.  I don’t understand: why on earth do you want more of that?  Or maybe I should be asking you why on earth you want less and less money and freedom as long as you can have more Obama?

Democrats are NOT people who want more money in working people’s’ pockets; they’re bitter, hateful people who want LESS money in other people’s’ pockets; they’re Marxists who want more and more and more money in the government’s pocket instead.

Obama is spending this country into bankruptcy.  You first need to understand that Obama has added $6 trillion to the debt in only four years after demonizing George Bush for adding over $4 trillion over eight years.  If Obama is reelected, he is on pace to TRIPLE the George Bush debt that he demagogued.  And this from a president who promised he’d cut spending and would cut the deficit in half by the end of his first term but was upbraided by Tom Brokaw who said Obama would have to answer for his “out of control” $1.1 trillion deficit “that happened on his watch.”  And let’s not even think about the fact that our REAL debt that will ultimately bankrupt us all is the $222 trillion we owe when we consider the unsustainable Social Security, Medicare and Medicaid debt that we have to pay.

On the foreign policy front, let me just sum it up this way: our Army, Marines, Navy and Air Force have massively lost confidence in Obama as commander-in-chief.  Obama paraded himself around as the president who got bin Laden (never mind that he depended enormously on the waterboarding-obtained intelligence that he demonized).  And Obama claimed that in getting bin Laden he had fatally wounded al Qaeda and that the war on terrorism was basically over.  And as a result Ambassador Chris Stevens was completely safe in Benghazi, Libya, and Obama could therefore cut his security even though the ambassador who was just about to be murdered in an al Qaeda terrorist attack was begging for MORE security.  The fact that Obama was utterly and completely wrong about his core foreign policy ought to matter.  But instead Obama has lied and then lied again when confronted with past lies such that the drip, drip, drip of Benghazi won’t hurt him until after the election is already over.  Which is exactly how a profoundly unworthy commander-in-chief would think.

Meanwhile, Obama’s cockroach media is working overtime to censor the news about this story so that Obama’s gamble will work.

Speaking of war zones, how about that Hurricane Sandy devastation?  Much of the country is lining up in gas lines that are taking as long as seven hours to get through.  Whole regions are devastated and thousands of victims have received absolutely no help at ALLAnger is beginning to increasingly erupt over the disastrous relief effortIt’s always amazing to watch as the same media that pounded George Bush day after day over Katrina refuse to cover the suffering Obama is responsible for after Hurricane Sandy.  Obama got his photo op pretending to be “commander-in-chief” and now he can leave victims out in the cold.  Literally.

Oh, did I mention “gas”?  How about them prices?  Obama has made gasoline TWICE as expensive as it was when he took office.

Obama summed it up pretty well: Democrats are people who vote with a heart full of revenge; Mitt Romney is a man who says that Republicans vote because of love of country.

And that bit of deceit is frankly stunning: why the hell is Obama demanding that people take revenge on Mitt Romney WHEN IT WAS INSTEAD BARACK OBAMA WHO HAS IMPLODED AMERICA YEAR AFTER YEAR OVER THE LAST FOUR YEARS???  Just what did Mitt Romney do that Obama thinks people should take revenge on him for???  Why the hell doesn’t Obama realize that HE’S the man the American people need to take their revenge on, if they take revenge out on anyone at all???  Why is it that Barack Obama is that pathologically incapable of accepting any kind of responsibility at all???

Unemployment Holocaust: 96,000 Jobs Added, 368,000 Give Up Hope Under Obama. For Every Job Obama Created, FOUR Bailed Out Of Declining Workforce

September 7, 2012

Joe Biden said it last night in his speech: “We’ve turned the corner.”

If you read this article, you will see how right – and yet how terribly, wickedly wrong – Joe Biden and the Obama administration truly are.

The key to understanding the official (U-3) unemployment rate is the bizarre measure by which people who are out of work are counted as “unemployed” only if they’re actively looking for a job.  Only 63 percent of working-age adults are working in Obama’s God damn America.  Millions of people – over 23 million – have dropped out of the work force, making this unemployment statistic not only meaningless, but cruel, as oppressed people simply don’t count any more.

The most accurate description of the August unemployment report is coming from the UK:

Are you better off? Just 96,000 jobs added in August as 368,000 people LEAVE the workforce in bleak employment report dealing blow to Obama re-election hopes
• Lowest workforce participation rate since September 1981
• Jobless rate drops to 8.1 per cent but only because workforce shrinks
• President Barack Obama knew of figures before big speech
By Toby Harnden In Charlotte, North Carolina
PUBLISHED: 08:07 EST, 7 September 2012 | UPDATED: 09:04 EST, 7 September 2012

Just 96,000 American jobs were added in August in a bleak monthly jobs report as 368,000 left the workforce, bringing labour market participation down to its lowest level for 31 years and dealing a blow to President Barack Obama’s re-election chances.

The national unemployment rate dropped to 8.1 per cent, down from 8.3 per cent, but this was only because so many people gave up looking for work. If the participation rate had not dropped so precipitously, unemployment would have risen to 8.4 per cent.

Factory employment fell by the most in two years and temporary-help companies eliminated positions for the first time in five months. The 69.9 per cent labor force participation rate for men is at lowest level recorded since the US government began tracking it in 1948.

According to James Pethokoukis of the American Enterprise Institute, the unemployment rate would be 11.4 per cent if the labour force participation rate had remained what it was when Obama took office in January 2009.

President Barack Obama was made aware of the figures before he took the stage to deliver his prime-time address at the Democratic convention on Thursday night, which could account for his sometimes grim demeanour as he spoke.

In a biting statement, Romney said: ‘If last night was the party, this morning is the hangover. For every net new job created, nearly four Americans gave up looking for work entirely. This is more of the same for middle class families who are suffering through the worst economic recovery since the Great Depression.

‘After 43 straight months of unemployment above eight per cent, it is clear that President Obama just hasn’t lived up to his promises and his policies haven’t worked. We aren’t better off than they were four years ago. My plan for a stronger middle class will create 12 million new jobs by the end of my first term. America deserves new leadership that will get our economy moving again.’ 

On Thursday night, Obama laid out his case for being re-elected to a second term by comparing himself to Franklin D. Roosevelt, who won an unprecedented four presidential elections and led America to recovery after the Great Depression.

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Stalling: The growth of new jobs has taken a significant dip compared to the beginning of the year

The grim economic data came as Obama and Romney were deadlocked in the national opinion polls in a race that has been too close to call for many months. It was the last opportunity for either man to use a defined ‘moment’ to change the trajectory of the race before the three presidential debates in October.

[…]

The labor force participation rate declined again to 63.5%.   That is down from 65.7% when Obama assumed office in January 2009.  That 2.2% destruction in the American workforce participation rate, but it is actually huge:

“In the latest, much celebrated, unemployment report, the labor force participation rate had plummeted to 63.7 percent, the most rapid decline in U.S. history,” writes economist Peter Ferrara.

Does that sound like a president who should be reelected?  Obama is presiding over “the most rapid decline in U.S. history.”  His polices are failing about as massively as they could fail.

Fox New reported:

Friday’s report was discouraging throughout. Hourly pay fell, manufacturers cut the most jobs in two years and the number of people in the work force dropped to its lowest level in 31 years.

As stated in both articles, this is the lowest participation in the employment force in 31 years. And the rate for men is the lowest number EVER RECORDED since tracking began back in 1948.

I’ve written about this growing disaster: two years ago, Obama had degenerated the workforce to it’s lowest participation rate in 25 years.  Last year, Obama sunk the labor participation rate to its lowest level in 27 years.  Just in May of this year, it was at the lowest level in 30 years.  And now it is at the lowest level in 31 years and sinking like a stone.

At the rate we’re going, as I’ve said, Obama will be crowing about zero percent unemployment and he and his government cronies will be the only people in America with damn jobs.

Obama has led America into a jobs holocaust.  The only reason the unemployment rate went down is because the participation rate dropped.  If we calculated unemployment by the same participation rate that George Bush handed Obama, unemployment would be 11.4%.

What is true of the labor force participation is also true of business start ups in America under Obama.  Two years ago – and this being during the so-called Obama “recovery,” the number of U.S. business start-ups and dropped 24% – and how the hell does that happen in a “recovery” when you’re supposedly coming out of a recession that you blame Bush for?  Last year the number of business start-ups had plunged to a 25 year low which was THE LOWEST level ever measured since the statistic began to be tracked in 1986.  Now under Obama’s utterly failed leadership and under his Marxist class warfare, the number of business start-ups is at a 30 year low.

Obama isn’t adding anywhere NEAR enough jobs to keep up with the 10 million people who have joined the workforce by virtue of becoming adults during his presidency.  And when you add the discouraged workers who are simply abandoning all hope of any change in Obama’s rhetoric-based “reality” of “hope and change,” 96,000 jobs is a thin stream of piss in the Pacific Ocean.

If you have any damn clue whatsoever about what is going on in this economy, you have simply got to be an evil psychotic communist to believe that Barack Obama should be reelected.

Obama has made his entire presidency about demonizing and fearmongering the last presidency.  But that last presidency had an average unemployment rate of 5.26%, basically the same as Bill Clinton whom Democrats idolize.  Versus Obama, who promised the American people that if his now known to have been a failed stimulus, unemployment would never go above 8% (whereas it’s been over that for his entire presidency) and the current unemployment rate was supposed to be 5.4% today.

Obama is great at making promises; but he’s just as bad at fulfilling them as he is at making them.  He believes he can make a bunch of promises and then move on to make a new batch of promises.  That was the essence of his speech last night.

Zero Hedge (who provided this link to as well as a block quote from the official BLS report) summed it up thus:

In August, two months ahead of the presidential election ahead of which this number will be one of the most critical and talked about, the US generated just 96,000 non-farm payroll jobs, on expectations of 130K additions, and compared to the July number of 163,000, now revised to 143,000K. Private payrolls rose by a modest 103,000, much lower than the expected number of 142K, and down from July’s revised 162K. -15,000 manufacturing jobs were lost, compared to the expected +10K, and sadly just a little bit short of Obama’s recent promise to add 1 million manufacturing jobs by 2016. Finally, while the unemployment rate came lower (surprise, surprise: this is what appears in newspapers) at 8.1%, far lower than expectations of 8.3%, and below last month’s 8.3%, the broad total underemployment rate (U-6) continues to be sticky at 14.7%. Birth Death added 87,000, up from July’s 52,000. The reason for the drop in the unemployment rate: labor force participation dropped to 63.5%, down from 63.7%. Oddly enough, this report leaves the NEW QE door open, even as Obama can take the accolade for a declining unemployment rate. Win-win for everyone

Just to point out what Zero Hedge hinted at: there is a constant monkeying with the data such that for some reason every single report ends up ultimately being revised DOWN under Obama.  And it all seems to be geared toward a game of giving Obama talking points on the one hand and the Federal Reserve more power to devalue our currency on the other.

I like the way Clint Eastwood put it following his “empty chair” talk at the RNC:

“President Obama is the greatest hoax ever perpetrated on the American people.”

True that.

We’ve turned the corner, all right.  And 368,000 more Americans showed their agreement this month by abandoning hope of getting a job in the Obama regime.  Under this failed presidency, we are heading at breakneck speed toward a depression unlike anything this nation has ever seen.  Because if Obama is reelected, you will see businesses immediately do the exact same thing they did when he was elected in 2008: bail out of America as the American people betray them by electing a business-hating Marxist.  Only this time it will be worse as businesses do what millions of Americans have already done in despair and quit “participating” in the US economy.