Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Saturday, September 10, 2016

Obama Economy Worst On Record Since The Great Depression


The Obama Administration has been touting the allegedly low unemployment rate, while glossing over the fact over 94,000,000 Americans have been removed from employment rolls, as they’ve given up trying to find a job. A new report reveals 1 in 6 able bodied American men is unemployed, having given up searching for a job because they simply can’t find one.

The record spending Obama has done to the tune of trillions of dollars, including giving himself and his family of four $70,000,000 worth of vacations since taking office in 2009, has made the U.S. economy infinitely weaker (The Obamas Cost American Taxpayers $70,000,000 In Luxury Vacations And Fought To Hide The Bills Showing The Lavish Spending). During this time, China, the world’s top supplier of goods, has surpassed the U.S. economy as the biggest in the world. The U.S. government continues to proclaim America the richest nation on earth, but it is debatable at this point in world history. 


Barack Obama
 
What is on track to happen due to Obama’s wild spending is America heading for bankruptcy. The treasury is going to run out of money at this rate. A time is coming when the federal government will no longer be able to afford to financially stay afloat. Obama simply spent too much money, more than the second biggest spender in American history, former president, George W. Bush. Austerity (for a time) is not a bad thing. Austerity is not a bad word. Throughout history it has saved global economies.

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Thursday, November 5, 2015

Obama Doubled America's National Debt To Unsustainable Levels


Barack Obama

U.S. President Barack Obama has doubled the national debt in America to $20 trillion dollars. Obama's unruly, fruitless financial waste, has created a economic nightmare that will not be easily solved. No nation in world history has flourished under such massive debt. In fact, nations have financially collapsed under similar debt to GDP ratios. America is not earning the type of money as a nation to handle that debt load. The Obama Administration is tinkering with national data to hide the monstrosity of debt and what any person who knows even a modicum about economics realizes - the nation is headed for disaster.  

America does not occupy the same financial spot it once did in the world, with a deterioration that began under former president George W. Bush. However, Obama has spend more money than any president in U.S. history making the problem infinitely worse. To make matters even worse, Obama has blocked financial initiatives that have cost America many billions of dollars in revenue streams, under his tree-hugging hippy ways that don't amount to anything at the bank. 

STORY SOURCE

$20 trillion man: National debt nearly doubles during Obama presidency

By Dave Boyer - The Washington Times - Sunday, November 1, 2015 - When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesn’t like to talk about: He is the $20 trillion man. Mr. Obama’s spending agreement with Congress will suspend the nation’s debt limit and allow the Treasury to borrow another $1.5 trillion or so by the end of his presidency in 2017. Added to the current total national debt of more than $18.15 trillion, the red ink will likely be crowding the $20 trillion mark right around the time Mr. Obama leaves the White House.

When Mr. Obama took over in January 2009, the total national debt stood at $10.6 trillion. That means the debt will have very nearly doubled during his eight years in office, and there is much more debt ahead with the abandonment of “sequestration” spending caps enacted in 2011. “Congress and the president have just agreed to undo one of the only successful fiscal restraint mechanisms in a generation,” said Pete Sepp, president of the National Taxpayers Union. “The progress on reducing spending and the deficit has just become much more problematic.”
 

Tuesday, April 21, 2015

When A President Costs Businesses Money Should They Be Required To Financially Compensate The Companies And Taxpayers (Keystone Pipeline)


Barack Obama

Recently, U.S. President Barack Obama, vetoed the lucrative Keystone Pipeline that would have created thousands of jobs in America and brought in billions of dollars in profit for nation. Obama rejected the pipeline for alleged environmental reasons, yet is hypocritically engaging in acts of war abroad that is damaging the environment in those regions, creating a domino effect that spreads worldwide. Bombings via drone and missile strikes disrupt and aggravate tectonic plates, negatively impacting fault lines that run beneath the earth all over the world, including America (see: California).


Many American and Canadian companies were depending on the profits that would stem from the Keystone Pipeline to give a boost to each economy. However, tree hugger Obama destroyed those financial plans. When a president engages in conduct that costs people billions of dollars, should the head of state be required to make financial restitution for said behavior. Oddly enough, Obama doesn’t have billions of dollars, but is damaging other people’s businesses worth a fortune. As the phrase goes, “There ought to be a law.”

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Tuesday, March 24, 2015

David Cameron Will Not Seek Third Term As British Prime Minister


David Cameron and Boris Johnson

British Prime Minister David Cameron has announced he will not seek a third term in office as political head of state (The Queen is the sovereign head of state). Cameron made some tough decisions while in office, that some may not have agreed with, but it benefited Britain. Cameron made necessary budget cuts that have helped to turn Britain’s fortunes around. The nation is now posting positive economic growth, after the devastating 2008 financial crisis that began on Wall Street.

A popular conservative frontrunner for Prime Minister is London Mayor, Boris Johnson. When I was in London in 2012, I saw a gathering featuring him on Victoria Street and the public treated him like a rock star. People connected with the sometimes goofy, well educated politician. As goofy as he can be at times, Johnson has implemented a number of successful programs regarding transportation, recycling and housing.

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Wednesday, February 13, 2013

New Financial Numbers Reveal The U.S. Economy Is Stagnating Again


President Barack Obama has not had a touchdown with the economy

Newly released economic data reveals the U.S. economy is stagnating again. Everything is up, but not in a good way, as unemployment, gas prices and national debt continues to climb. The efforts of the Obama Administration to tame the ongoing financial crisis via increased spending and more debt once again, has failed to produce fruitful results. Austerity is the way out of the crisis, but it is an option that is not and has not been on the table. 

China Overtakes America As The World's Top Trading Nation

 

It was announced this week that China has overtaken America as the world's top trading nation. This comes as a surprise to few in the business world, as the past several years have been an economic boom for China, who has utilized its large population to create the most efficient and prodigious workforce on the planet. What they have done in the world of mass production is impressive. It proves the old adage that sometimes there is, "Strength in numbers."

Saturday, November 17, 2012

More Proof The U.S. Economy Is In Decline As McDonalds And Walmart Hit Sales Slumps And Hostess Goes Out Of Business


Barack Obama

The Obama Administration's economic policies are not working. The Judiciary Report has stated and reiterated this point since 2009, offering positive solutions to fix the problems. However, the Obama Administration has chosen another line that is not producing positive economic results. When U.S. giants McDonalds and Walmart are experiencing very noticeable sales declines shocking Wall Street and another symbol of Americana, Hostess, makers of the Twinkie snack, closes its doors, things are very bad.


Barack Obama

Some conspiracy theorists will claim these corporations are conspiring to make Obama look bad, but who in their right mind would damage their own multinational companies, losing billions and or closing their doors, to get at a president. It's time to face facts. Things are bad with the economy. There is still a financial crisis. There was no recovery. 

 

Hostess

Serious government budget cuts need to be made. Taxes need to be raised on the rich (personal income, not corporate). The corporate sector needs to be cleaned up. Criminals are still in business in the corporate sector, damaging not contributing to the economy. The nation cannot afford four more years of financial failure.

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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STORY SOURCE

Wednesday, November 7, 2012

Barack Obama Reelected President Of The United States In Tight Presidential Race Against Challenger Mitt Romney


The First Family

Barack Obama was reelected President of the United States, winning the electoral college (303/206) and currently the popular vote by a narrow margin. Votes are still being counted Wednesday morning in certain regions of the country and their status labeled, "Too close to call." The site was awaiting the popular vote count as well, but as the electoral college has been settled the results are finalized.

The day before the election, pollsters predicted the race had become tight towards the end, but many polls favored challenger and businessman Mitt Romney based on surveys, due to the battered economy. The popular vote reveals many changes in voting patterns from the 2008 election, such an erosion in support for the president, after four years of bad economic numbers. 

The election suffered from allegations of fraud coming from both sides of the aisles, but thankfully there were no major acts of violence, which would have been counterproductive and negative. 

As it stands, the Judiciary Report is not of the belief President Obama will be able to repair the severely damaged U.S. economy, in a situation he has made much worse via unchecked spending on the people's tab. Things are dire and what Obama has been doing for the past four years is has not and will not work in the future. It is financially harmful.

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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."

STORY SOURCE


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Friday, November 2, 2012

The Next Four Years In The White House Will Determine America's Future For Many Years To Come

     
 
Mitt Romney (left) and Barack Obama

The excitement is building for the presidential election in America next Tuesday. President Barack Obama and rival Mitt Romney have resumed campaigning after Hurricane Sandy damaged parts of the East Coast, bringing events to a halt.
 
Polls continue to place Romney in the lead. The ads from both sides of the aisles pull no punches, as both candidates seem to want the win more than any others in recent history. This is likely due to the fact America is at another crossroads, due to the economy. The next four years in the White House will determine the nation's future and role in the world, when so much is changing around the globe.

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What Are America's True Prospects For A Financial Recovery


Barack Obama

Where do America's true prospects lay for real job creation. Is it with Barack Obama or Mitt Romney. For four years President Barack Obama has tried to fix the U.S. economy after the terrible damage inflicted during the Bush years, but has not be able to accomplish said goal.

The Judiciary Report didn't expect miracles from Obama, after all, he is not Jesus (though some people wrongly think Obama is the Messiah - well, I've got news for you, Jesus can add). However, the site hoped there would be financial and governmental responsibility and prudence on the part of the Obama administration, but that has been sorely lacking. Spending is through the roof.

Sadly, many billions in taxpayer money, funneled to corporations and individuals as stimulus funds, were wasted and stolen. This week it was reported in the press, a company that received $250,000,000 in taxpayer money under the stimulus, only created 400 jobs with the money, which is appallingly disgraceful and a criminal waste of state money. Once again, I'd like to refer back to this article from 2009 that has turned out to be quite prophetic: Obama Calls For Job Summit.

However, if you had donated enough money to President Barack Obama's election campaign in 2008, you were richly rewarded when he took office...at the expense of the U.S. economy and the American people. This cannot continue. America can't survive like this.


Mitt Romney

America does not have the money to continue operating in this wasteful fashion at the hands of the Obama administration and if you give them four more years via reelection, it will be four more years of financial disasters, disappointment and debt, much like 2008-20012. 

The Obama Administration needs to stop invoking former President Bill Clinton, as he never spilled this much red ink in turning America's fortunes around in the 1990s. Clinton was not wasteful with government money and he raised taxes on the rich early, which brought things back into balance financially for the nation, creating surpluses and facilitating successful business and homeownership. 

The debt problem that now exists is serious and Obama has a lot more fruitless spending in the pipeline that he seeks to push through if reelected. So, you can take a chance on Obama again and experience four more years of unprecedented spending, debt, foreclosures and business closures - or you can give Mitt Romney a try, a man that built a $250,000,000 fortune in the business sector over the course of 40-years and created jobs while he was Governor of Massachusetts.

Einstein called it insanity to do the same thing over and over and expect a different result. The Obama administration has been doing the same thing over and over for four years and it is not fixing the economy, as the numbers keep getting worse.


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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

A Poll That Has Predicted Presidents For The Past 30-Years Picks Mitt Romney To Win 2012 Election


A lot of finger pointing went on in the U.S. Presidential debate last night between challenger Mitt Romney and President Barack Obama

A poll that has predicted U.S. presidents since 1980, has stated Mitt Romney is on course to win the 2012 presidential election to be held on November 6, 2012. Romney continued to lead in several major polls as well, because as stated before, the economy is working against President Obama.

Many polls have revealed what many already know, the U.S. economy is the top concern of Americans going into the current election. People are suffering and want things to get better and that is understandable. News also surfaced recently that Obama is in danger of losing the youth vote, as more are in favor of Romney, due to high unemployment among the young.

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Mitt Romney Pulls Ahead Of President Obama Again In The Polls After The Second Debate


Mitt Romney Gallops Ahead In Gallup Poll


Mitt Romney to Obama: I'm still winning 

A Gallup poll released today reveals presidential candidate and former Massachusetts governor, Mitt Romney, has pulled ahead of incumbent President Barack Obama again in the polls, after last night's debate, the second in the series regarding the 2012 election for the U.S. presidency. This has occurred, even in spite of CNN's Candy Crowley showing Obama favoritism, giving him more time, helping him to debate with her two cents and even declaring Mitt Romney "wrong" in conduct that was unprofessional for a moderator. 


Gallup Poll

A more aggressive and angry Obama emerged last night at the debate, but rival Romney, a wealthy businessman with an understanding of business and economics, was able to throw out devastating economic facts and figures that did not help the president's plight. As the Judiciary Report stated from the inception of his presidency, any inability to turn the economy around would work against him.

 STORY SOURCE


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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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Wednesday, October 10, 2012

British Prime Minister David Cameron Says 'Britain Can Rise Again' - Here's How


David Cameron has undertaken sensible austerity measures in Britain

British Prime Minister, David Cameron, stated "Britain can rise again." No, not you "can" but "will." Britain needs to go back to industrialization. It was the cornerstone of the British economy. Certain vital factories were closed in Britain that need to be reopened. Investors brought in with domestic hiring assurances in writing. 

In London a few months ago, saw an informative British wartime documentary with my family in Dulwich. The documentary showed Britons working in factories and other areas of commerce. Industrialization served the nation well. Bring that back. Even in the 1980s Britain produced more goods than today. It's time to revisit that basic principle of commerce. Make it work for the nation. Britain is a great and fun country with a lot going for it, but there is so much more than can be achieved. 

The British government needs to approach more of the wealthy Arab, Latin and Chinese people, who have been visiting and living in London, regarding investing in the nation, with the goal of reopening factories and starting businesses in the United Kingdom. The visa process would have to be simplified for Chinese visitors, as articles a few months ago in the British press stated it is a bit lengthy for people from said region. An agreement with China, much like the hassle free and efficient 90 day visa waiver program Britain has with nations like America, would be useful.

The British banking sector would also have to make it easier for foreign investors to open bank accounts in Britain to do business, waving the residency requirement banks such as Barclays have in effect. The potential for growth is definitely there, but you must tap into it to see the maximum financial return.

STORY SOURCE

 
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Monday, October 8, 2012

President Obama Flew Out To Hollywood To 'Reassure His Campaign Donors'

The Question Is Why

 

Barack Obama

A report in the Hollywood Reporter indicates President Barack Obama flew out to Los Angeles to reassure his top campaign donors in tinseltown about his campaign, after his terrible performance at the first presidential debate against rival Mitt Romney.

Hollywood is alarmed at Obama's poor performance, blaming it on everything under the sun, other than an indefensible economic record in office. The Judiciary Report did state before the debate that there is no way to defend Obama's dismal record regarding the economy, also expressing the fact it would be what Romney would use to pummel him...and that's exactly what happened.

The mere fact Obama is that concerned with politically inconsequential Hollywood also speaks volumes. His priorities are not in order. Hollywood did not elect Obama nor can they reelect him, as the public does not value their input when in comes to politics. Hollywood knows nothing about politics or economics, as they are posting terrible box office numbers and music sales as well.

I find it alarming that these are the folks Obama looks to for advice. Most people in Hollywood have low IQs, as opposed to silicon valley, which has many highly intelligence people. Yet Hollywood is the one actually trying to instruct a president that went to an ivy league school and he is actually listening to their idiocy. It doesn't inspire confidence and the state of the economy says it all.

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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. 

STORY SOURCE 

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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