“According to Challenger, Gray & Christmas, U.S. firms announced 65,141 job cuts during April, which represented a massive 35 percent increase over the previous month. And so far this year overall, job cut announcements are running 24 percent higher than for the exact same period in 2015. Meanwhile, on Thursday we learned that initial claims for unemployment benefits shot up dramatically last week. In fact, the jump of 17,000 was the largest increase that we have seen in over a year. Of course the U.S. economy has been slowing down for quite a while now, and many have been wondering when we would begin to see that slowdown reflected in the employment numbers. Well, that day has now arrived.”
Read the rest @
Obama points to the fact that unemployment dropped from 7.9% when he took office to 5% as of last month. But this is misleading in the extreme, since it ignores all those who want jobs, but who have given up looking because the economy is so bad.
During Obama’s time in the White House, labor force participation dropped farther and faster than under any other administration.
Other statistics that show how horrific Obama’s economic leadership has truly been:
- Percentage of families in which no one is employed = Up by 1.9%
- Number of Americans living below the poverty line = Up by 3.5%
- Number of Americans on food stamps = Up 13 million
- Number of small businesses = Down by more than 6 million
- The number of Americans who own homes = Down by 5.6%
- Real median household income = Down by 2.3%
Cruz is exactly right.
VIDEO @ http://therightscoop.com/ted-cruz-kills-it-on-illegal-immigration-video/
Saying Republicans are anti-immigration is offensive. We’re pro-law abiding immigrants! Besides which, Mexico and most other countries have zero tolerance for illegals. Why should we be any different?
Saying Republicans lack compassion is also offensive. IMO, Democrats are the hard-hearted ones for so blithely ignoring the suffering of the millions of Americans that their horrible economic policies have put out of work.
Link to my History of Political Party Control in DC album, which gives easy-to-understand graphic illustrations for which parties held the Presidency, the Senate and the House in each session of Congress.
Link to the Bureau of Labor Statistics Employment Population app.
… then explain why Detroit isn’t the greatest city on Earth.
“And also that every man should eat and drink and enjoy the good of all his labor—it is the gift of God.” –Ecclesiastes 3:13 #HappyLaborDay
Since Barack Obama began his reign of terror, the food stamp ranks have swollen to 47 million. There are 93 million people not in the work force, the highest rate in 38 years. He has bragged about 200,000 new part-time low wage jobs in the same month that 400,000 better-paying full-time jobs disappear. Since those who have not found work and have run out of unemployment are not counted in the ginned-up unemployment numbers, he brags about a 4.7% unemployment rate when the true figure is in excess of 19%.
My last full time job was in 2011 when I worked as a transporter for Medicaid recipients until, as they do with all their small vendors, the state of Illinois forces them into bankruptcy by not paying them. They don’t even pay lottery winners, even though the money is supposed to be there. It was exactly one year between the business closing and my social security benefits to begin. I was fortunate to be close enough to early retirement that we survived. Millions of others are not so fortunate. There is no reason to believe that the situation will improve anytime soon.
HERE ARE A FEW WORK-RELATED VIDEOS FOR YOU TO ENJOY ON YOUR DAY OFF.
I HAD TO THROW THIS ONE IN BECAUSE MY BAND PLAYED IT
I USED TO LOVE THE OLD DANCE SHOWS LIKE HULLABALOO, SHINDIG, MIDNIGHT SPECIAL, AND OF COURSE, AMERICAN BANDSTAND.
I just read an article that claimed to show how Obama’s economy had out-performed Reagan’s … except it used apple/orange comparisons like dollar values, numbers of jobs created, and the unemployment rate.
I decided to see for myself how the Reagan and Obama economies compared by using an apple/apple statistic.
I think this clearly illustrates the value of Conservative over Liberal economic policies. Both presidents inherited failing economies, but President Reagan (R) implemented hard-line Conservative policies, while President Obama (D) implemented hard-line Liberal policies. It’s very easy to see which one put more people back to work.
In Sept 2014, Streisand likened Obama to “gods” and “kings.” A couple of weeks ago, she gave him credit for creating lots and lots of jobs, while blasting Republicans’ allegedly relentless opposition to his wonderful efforts to save American workers.
Uh, Babs, honey … REALITY CHECK!
Businesses mean jobs, but Democrats treat businesses the way surly teens treat their parents (badly) and their parents’ credit cards (take take take).
The worst states for business are all blue (majority Democrat); the best are all red (majority Republican).