Showing posts with label jobless. Show all posts
Showing posts with label jobless. Show all posts

Friday, July 19, 2013

The City Of Detroit Files For Bankruptcy (Video)


The economic downturn in America has claimed another victim – the City of Detroit. It has just been announced, the City of Detroit has filed, "The largest municipal bankruptcy case in U.S. history." The once prosperous city, famous for its cars, booming auto industry and Motown, has seen hard times since the financial crisis in 2008, leading to job losses and widespread urban decay. Detroit needs an intervention from Washington to save it.

Saturday, November 10, 2012

American Employers Set To Lay Off Hundreds Of Thousands Due To Obama Reelection


Barack Obama

Based on reports in the news, employers across America are set to lay off hundreds of thousands of workers due to President Barack Obama being reelected, their lack of faith in his financial policies and Obamacare, the costly juggernaut of a health care program, sending up Medicaid costs. 

Numerous reports keep coming out about employers making this determination, which is going to negatively impact the economy. However, some feel they will not be able to afford keeping all their workers on staff, in the face of four more years of what transpired during the President's first term. 

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Monday, November 5, 2012

Mitt Romney Laments The Latest Jobs Report As A 'Sad Reminder' Of The Poor State Of The U.S. Economy


Paul Ryan and Mitt Romney

Presidential candidate and current Gallup and Rasmussen poll frontrunner for the 2012 U.S. election, Mitt Romney, lamented the poor state of the economy under President Barack Obama, commenting it is not going anywhere under the current Commander-in-Chief's watch.


Barack Obama
Romney stated, "Increase in the unemployment rate is a sad reminder that the economy is at a virtual standstill. The jobless rate is higher than it was when President Obama took office, and there are still 23 million Americans struggling for work. On Tuesday, America will make a choice between stagnation and prosperity." Regarding tomorrow's highly anticipated presidential election, Romney promised if elected President of the United States he would give America a "real recovery."

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Saturday, October 27, 2012

Polls And Political Analysts Indicate President Barack Obama Has Lost The Youth Vote To Mitt Romney


Barack Obama

Political analysts and a number of polls have indicated, U.S. President Barack Obama has lost the youth vote going into the November 2012 election. The youth demographic can make a big difference in any election, depending on turn out to the polls. Motivation is a key factor in the impact the public will see.

 

Mitt Romney

However, reports indicate many young voters are very disappointed in President Obama, due to the under performance of the economy during his tenure, which has led to them being out of work. Reports also reveal, young voters believe presidential candidate Mitt Romney could create jobs to help them during the financial crisis, due to his many years as a successful businessman and governor. 

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Wednesday, October 17, 2012

Barack Obama And Mitt Romney Run On Their Records But In The Second Debate Who Came Out On Top



Barack Obama and Mitt Romney

The second 2012 U.S. presidential debate was more acrimonious than the first. President Barack Obama was heavily criticized for his poor performance at the first debate, which many stated his rival Mitt Romney won. To compensate for that, Obama became aggressive during the second debate, in a manner that at times came across as rude.

Obama kept attacking Mitt Romney's wealth from his many years as a businessman, when the president himself is a millionaire several times over and could make over $100,000,000 after his presidency expired, as Bill Clinton did. Why condemn success. What kind of message is that to send to the public - aspire to work hard and have nothing to show for it? 

Obama also slammed Romney for his investments in China. However, Romney reminded Obama that items in his pension are derived from Chinese investments as well. Obama was more inclined to dispute, not disprove, Romney's claims, which was an improvement over standing there and being steamrolled by his poor track record in office, but it was not enough to counter the facts and figures presented against the president by his opponent.

From the time Obama assumed office, the Judiciary Report warned of the important role the economy would play in making or breaking his presidency and offered positive suggestions on how to accomplish a proper recovery with true job growth. Obama did not do what was suggested and America has been paying for that. 

During last night's debate, Obama stated he is not interested in creating average paying jobs, but the high paying posts. This once again highlights the massive error why he has failed to fix the severely damaged U.S. economy. The way America is structured, everyone will not have a high paying job. Society needs people of all backgrounds working at various pay rates. 

America cannot afford to give every person a high paying job. However, many can put food on the table and pay their bills with average paying jobs, until they can get something better, through pay raises or higher education. There is no time in U.S. history that everyone in America had a high paying job. 

Obama wasted a fortune in taxpayer stimulus money trying to archive this unlikely goal, where $200,000 was spent to create each job, when one could employ over a dozen people with that figure. Remember, the more people working, the better. To have a few receiving high paying jobs thanks to the stimulus, while many who could be employed are not, is elitism.  

For Obama to run on his track record of high unemployment, foreclosures, business closures, gas prices and soaring deficits, is a terrible reference and voters will have to decide if they want four more years of said horrible results. Romney, like America's most successful financial president, Bill Clinton is running on his track record as a former governor of a U.S. state, where he was able to balance the budget and create jobs. 

Romney has the better track record and once again displayed a greater understanding of business and economics, America's most pressing concern according to polls, than President Obama. Therefore, one is either voting for or against the economy on November 6, 2012, dependent on one's choice for president. 

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Friday, October 12, 2012

Mitt Romney Outlines His Plan To Create 12,000,000 Jobs In America

 
Businessman and presidential candidate, Mitt Romney, has released a video and micro-site outlining his plan to create 12,000,000 jobs for America, in what is an ambitious endeavor. However, Romney is asking for your vote to accomplish this goal. America is in need of jobs and a full economic recovery. Romney's pitch pits his job plan against that of President Obama, who has been struggling under the weight of the economic turmoil besetting America. You can compare Romney's plan and Obama's by clicking here

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Sunday, October 7, 2012

The Judiciary Report Did Predict The Unemployment Numbers Would Mysteriously Drop


Mitt Romney and Barack Obama (Photo Credit: AP)

In the September 28, 2012 article GOP In An Uproar Over Polling Houses Querying More Democrats Than Republicans Creating A Bias For Barack Obama the Judiciary Report stated of the U.S. economy under President Barack Obama, "There's no way to pretty it up, unless one releases fake economic data, as former President George W. Bush did, only for his successor to find out the hard way when he attained office that things have been quite bleak, but it was hidden from the public."

One week later that's exactly what happened as the unemployment rate under Obama mysteriously dropped and posted a 29-year record for hiring that is not supported by any verifiable data. Economists are baffled at the report from the Obama Administration,  stating the numbers are not statistically plausible nor do they compute. The nation is still deeply submersed in the financial crisis, yet the Obama Administration is again posting fictional numbers, telling everyone everything is okay, when people can see and feel in their wallets that it is not.

The site knew it was coming and the administration is not helping America with such conduct. Obama pulled a Bush, in trying to cover-up the damage. Bush did it in a failed bid to have a good legacy upon leaving office. Obama did it in a bid to stay in office longer.

However, as the Judiciary Report stated when Bush was in office and launched cover-ups regarding his misconduct and missteps in the area of the economy, doing such a thing only serves to hurt the nation, as there will be a false sense of security, via artificial results, while the people continue to suffer. America needs real solutions. The nation needs real action. Not fraud and fakery while the problems runs along a dangerous and ever worsening course.

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Friday, October 5, 2012

New Unemployment Numbers Have Been Met With Skepticism By Political Pundits


Mitt Romney and Barack Obama

After losing the first presidential debate to challenger Mitt Romney by a massive margin on Wednesday night, President Barack Obama is being accused of releasing doctored unemployment numbers today, in a fraudulent bid to counter the erosion in public support and bad publicity. The debate was watched by 67,000,000 people in America, significantly higher than in 2008.

Economists are calling the numbers fake and implausible, as they do not add up or reconcile with historical patterns. A few months ago, the Obama Administration was condemned for purging 1.1 million Americans from the employment records, in another falsified attempt to artificially lower the unemployment rate during an election year. In short, the administration overdid it, as what they are claiming is the equivalent of the U.S. economy out of nowhere setting a 29-year record for hiring, in the space of 4 short weeks. 

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Economist: Unemployment drop ‘implausible … a statistical quirk’

October 5, 2012, 12:05 pm - I posted a bit of this earlier, but here is the entire, eye-opening note from economists John Ryding and Conrad DeQuadros of RDQ Economics: This report is a tale of two labor markets. The establishment survey (payrolls) painted a picture of moderately growing employment over the last three months but at a marginally slower pace than over the last year. At this pace of job creation, the unemployment rate should be barely drifting lower given underlying demographic trends. In contrast, the household survey painted a picture of a sharply falling unemployment rate—down 1.2% points over the last 12 months.

Such a rapid decline in the unemployment rate would be consistent with 4%–5% real economic growth historically but much of the decline is accounted for by people dropping out of the labor force (over the last year the employment-population ratio has risen to only 58.7% from 58.4%). We believe part of the drop in the unemployment rate over the last two months is a statistical quirk (the household data show an increase in employment of 873,000 in September, which is completely implausible and likely a result of sampling volatility).

Moreover, declining labor force participation over the last year (resulting in 1.1 million people disappearing from the labor force) accounts for much of the rest of the decline. With this report, the ISMs, and vehicle sales, the September economy is off to a better-than-expected start but nowhere near as good as suggested by the decline in the unemployment rate.


JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful

Oct. 5, 2012, 8:40 AM - Former GE CEO Jack Welch's reaction to non-farm payrolls adding 114,000 new jobs in September and the unemployment rate falling to 7.8 percent:

The Department of Labor said that unemployment fell 0.3 percent because of a total employment gain of 873,000, the most since 1983. The number of unemployed, meanwhile, fell 456,000 in September.


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Saturday, September 8, 2012

U.S. Economy Sheds More Jobs In Another Terrible Decline Under The Obama Administration

 

President Barack Obama and Vice President Joe Biden

Economic data released yesterday indicates unemployment in America is in a terrible state, with millions out of work and many having decided to give up on looking for a job, due to the poor condition of the economy.
The Obama administration has failed to make good on its promises of job creation and time is running regarding the sheer amount of irreversible damage that is being done to the economy. The Obama administration needs to admit that it is in over its head.

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Friday, September 7, 2012

The U.S. Economy Refuses To Stabilize Due To Several Factors That Need To Be Dealt With

 

Barack Obama

The U.S. economy continues to shed jobs, businesses and homes at a dangerous rate. After almost four years under a Barack Obama presidency, the economy refuses to stabilize, due to failure to implement long term plans to spur growth on a consistent basis.

Too much stimulus money was issued and the funds that were disbursed did not evenly go around or reach where it was most needed. Significant sums of money did not land on the most fruitful ground in sectors of business and trade positioned to reap the most returns for the taxpayers' money, much of which has been hoarded and sent offshore.



Ben Bernake

What occurred was flat-out cronyism. If you were in good with the president and his administration, you were generously rewarded with taxpayer stimulus money, without due diligence or a solid, viable business plan to grow the people's money.

This formula has produced terrible results, yet the Obama Administration keeps using it, hoping things will somehow improve. Einstein defined the definition of insanity as repeatedly doing the same thing and expecting different results.

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Saturday, September 1, 2012

U.S. Economy Is Stagnating In A Troubling Pattern And Cycle Of Corruption


Barack Obama

The latest numbers released on the U.S. economy shows stagnation in the job market. Millions are still out of work, but fluctuation in numbers is often dependent on which company goes bust that week or decides to lay off workers to avoid calamity. In some cases, companies are streamlined to show a profit on the stock market, which really is not growth, but a reduction in expenses at the expense of the working class who are let go from their jobs.

The U.S. economy needs a complete rearrangement if it is to come out of this terrible financial crisis. Old practices must go. New laws need to be enacted and companies should be forced to return stimulus funds to the taxpayers they did not use to stimulate the U.S. economy, opting to hoard or hide it off shore to the tune of several hundred billion dollars.

The government is using a weak hand with the corporate sector, letting them get away with murder, with very poor results to show for it. High ranking government officials think they are doing their friends and cronies a favor in allowing this theft and corruption, but what they are doing is contributing to the destruction of what was the most prosperous economy in the world. The whole nation is suffering because of a handful of unethical, greedy folks in the corporate sector.
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