Tag Archives: unemployment rate

Wages ‘recovery’ is worse than jobs ‘recovery’

“As bad as the current job recovery has been — and it’s by far the weakest since World War II — the recovery in wages has been far worse.”

Advertisements

Great Depression II: Food Stamps grow 75% more than job creation under Obama

“For Every Person Added to Jobs Rolls Since January 2009, 75 People Added To Food Stamp Rolls.”

Update:  “Since taking office in 2009, food stamp rolls under President Barack Obama have risen to more than 47 million people in America, exceeding the population of Spain.

Obama gives up.

Starting his second term with the exact same unemployment rate (7.8%) as the day he started his first term, Obama has given up. “President Barack Obama will let his jobs council expire this week without renewing its charter.”

Hilariously, the Obama Administration hopes that the American people believe it’s ‘mission accomplished’: “Officials said the president always intended for the council to fulfill its mission and then wind down.”  If true, then Obama’s “mission” was to stagnate the U.S. economy.

Unemployment Rate goes back up!

After Obama manipulated the unemployment numbers so he could win the November election, the unemployment rate has shot back up to over 8%. However, Obama has ensured that his devoted followers– who have sacrificed their values for a few extra dollars (the value of which continues to plummet)– will not suffer under this new Obameconomy: he has hired 101 new federal employees per day, using American taxdollars, since taking office in January 2008.

Update: In fact, the Federal Reserve has now projected that the unemployment rate “will stay elevated until late 2015.”

Update #2: The unemployment rate is the same in January 2013 (as Obama starts his second 4-year term) as it was on the day he took office in January 2009. NO PROGRESS WHATSOEVER.

Business goes from bad to worse. And the result? More jobs lost.

Many news stories are emerging about layoffs and firings occurring immediately after Obama won re-election: Among other news stories, one Las Vegas employer fired 22 employees because as a business “at the end of the day, I need to survive” and Boeing has now announced massive layoffs in its defense division.

Updates: 

http://www.washingtontimes.com/blog/watercooler/2012/nov/8/picket-companies-plan-massive-layoffs-obamacare-be/

http://www.ksl.com/?sid=22890041&nid=148&title=utah-company-blames-president-obama-for-102-workers-laid-off&s_cid=featured-4

http://www.washingtonpost.com/business/economy/after-obama-re-election-ceo-reads-prayer-to-staff-announces-layoffs/2012/11/09/e9bca204-2a63-11e2-bab2-eda299503684_story.html

Latest Romney endorsement: A member of Obama’s Council on Jobs and Competitiveness

Intel CEO Paul Otellini, a member of President Barack Obama’s Council on Jobs and Competitiveness, has endorsed Romney for President.