Here is a living, breathing example of the negative impact of Obamacare on jobs growth: http://www.ibj.com/cook-medical-shelves-midwest-expansion-plans/PARAMS/article/35735
New Romney Ad Hits Obama Over “Our Plan Worked” Comment… <iframe width="640" height="360" src="http://www.youtube.com/embed/x0etEmiCL8M?feature=player_embedded" frameborder="0"></iframe>
Amen Rep. Kelly....the hidden ,and oftentimes not so hidden, cost of government..... <object width="420" height="315"><param name="movie" value="http://www.youtube.com/v/F1YQDjpuY_U?version=3&hl=en_US&rel=0"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/F1YQDjpuY_U?version=3&hl=en_US&rel=0" type="application/x-shockwave-flash" width="420" height="315" allowscriptaccess="always" allowfullscreen="true"></embed></object>
Obamanomics: 4.4 Million Report Being “Permanently Out Of Work” In July… I guess that’s one way to lower the official unemployment rate, suck workers out of the economy. (CNSNews.com) - In a sign that the employment picture remains weak, 4.4 million people reported being permanently out of work in July, according to government figures. That number has remained abnormally high since the recession ended three years ago. While the total number of unemployed persons increased by 45,000 in July to 12.8 million, that figure masks the true causes of unemployment, which can range from retirement to temporary layoffs to being fired. This is because the government calculates unemployment by asking people if they have jobs and, if not, if they have looked for work in the past month. If they don’t have jobs but have looked for work, the government classifies them as unemployed – and only then does it ask why they are unemployed. Those who say they were fired are designated as permanent job losers by the Bureau of Labor Statistics. While this figure has declined since its recession-era peak of 6.8 million in November 2009, it remains well above the pre-recession level of around 1.6 million. What this means is that slightly more than one-third of the unemployed – the 4.4 million — are unemployed because they have permanently lost their jobs, not due to other factors such as retirement or temporary layoffs.
Obamanomics: U.S. Economy Actually Lost 1.2 Million Jobs In July… Hope and change. (Washington Post) — The U.S. economy lost 1.2 million jobs between June and July. But that’s not how it got reported. When the Bureau of Labor Statistics (BLS) released its jobs figures for July, it said the economy gained 163,000 jobs. So what gives? BLS isn’t hiding anything. The discrepancy just has to do with what’s known as “seasonal adjustments.” The U.S. economy follows certain predictable patterns in hiring and layoffs every year. School districts always let workers go for the summer and hire in the fall. Retailers always staff up for the Christmas holidays and lay people off afterwards. Students always flood the labor market in June. So if we want to know how well the economy is doing, we want to know how many jobs were added after taking these predictable fluctuations into account. Some seasonal adjustments are necessary before the data can tell us anything useful. And this is exactly what BLS does in its monthly jobs reports. As Jacob Goldstein of Planet Money points out, the U.S. economy had 1.2 million fewer jobs (pdf) in July than it did in June. But, according to the bureau, the economy still had 163,000 more jobs than one would’ve expected, given seasonal trends. That’s a sign of a steadily recovering labor market. So BLS reported it as a 163,000 gain in jobs. In theory, that makes sense. But some economists and analysts now wonder if the BLS seasonal adjustments are somehow off a bit. If the financial crisis and recession mucked with the seasonal ebb and flow of the economy, then the adjustments that BLS makes for its monthly reports might be a bit skewed. Some jobs reports might look much better than they actually are. And others might look worse.
General Motors Is Headed For Bankruptcy -- Again http://www.forbes.com/sites/louiswoodhill/2012/08/15/general-motors-is-headed-for-bankruptcy-again/
Obamanomics: Unemployment Rose In 44 States Last Month… Obama overheard mumbling something about 44 out of 57 states not being that bad. WASHINGTON (AP) — Unemployment rates rose in 44 U.S. states in July, the most states to show a monthly increase in more than three years and a reflection of weak hiring nationwide. The Labor Department said Friday that unemployment rates fell in only two states and were unchanged in four. Unemployment rates rose in nine states that are considered battlegrounds in the presidential election. That trend, if it continued, could pose a threat to President Barack Obama’s re-election bid in less than three months. Nationwide, hiring improved in July after three months of tepid job gains. But the national unemployment rate ticked up to 8.3 percent from 8.2 percent. Monthly job gains have averaged 150,000 this year. That’s barely enough to accommodate population growth. As a result, the unemployment rate is the same as when the year began. Still, 31 states gained jobs in July, while 19 lost them. Unemployment rates can rise in a state even when more jobs are created if more people start looking for work. People who are out of work are counted as unemployed only if they’re looking for a job.
Government Motors opened plant in China 4 months after closing plant in WI Home - by Cardigan - September 2, 2012 - 16:00 America/New_York - 12 Comments WA Free Beacon A bailed out General Motors expanded its small truck and SUV manufacturing in China soon after closing down similar facilities in Janesville, Wisconsin—the plant Barack Obama pledged to save and keep open for “another hundred years” in 2008. GM has increased its manufacturing capacity in China by 55 percent since emerging from bankruptcy thanks to a $50 billion bailout from taxpayers. An important piece of that increased capacity has taken place in Changchun, Jilin Province in China. On August 30, 2009, GM entered into a “50-50 joint venture” with China FAW Group Corp., one of China’s largest automakers. GM’s cash influx helped boost FAW’s efforts to expand its light duty commercial vehicles and SUV manufacturing. The partnership sold more than 88,000 vehicles in 2010. The move came four months after GM shuttered its Janesville plant, which built SUVs like the Chevrolet Suburban. The closure has become a matter of controversy on the campaign trail after Janesville congressman and Republican vice presidential nominee Paul Ryan noted the Obama administration failed to save the plant despite promising to do so on the campaign trail.
Fun Fact Of The Day: Unemployment Rate Would Be 11.2% If Labor Force Same As When Obama Took Office… Via Daily Caller: Last Friday’s jobs report does not tell the whole unemployment story, according to American Enterprise Institute blogger and CNBC contributor James Pethokoukis. He writes, “If the labor force participation rate was the same as when Obama took office in January 2009, the unemployment rate would be 11.2%.” Had the participation rate remained the same as the previous month, Pethokoukis points out, “the unemployment rate would be 8.4 percent” — higher than the 8.1 percent in the August report. Those who have returned to work amidst the meager recovery are often only finding jobs that are part-time and pay less than what they formerly earned. “The broader U-6 unemployment rate, which includes part-time workers who want full-time work, is at 14.7 percent.”
so this happened yesterday.. Granted, this is all subjective, but still, it happened. I'm walking to a job interview (because my car died weeks ago and I've no money to repair it), which in Alabama is a quite warm experience. I've laid out a strategic route so I can get from place to place while freshening up, so that I don't look like I stepped out of a sauna when I arrive. One of those places is a local eatery known for their fried green tomatoes. When I had a job, it was a regular stop over for me after dropping the boy off at school. It's a pretty cool place, the old gals who run it are quite friendly and take great interest in their customers. I sat down for a minute, ordered up a tea and then planned on heading back out. One of the 2 owners had noticed I was there and asked why I hadn't been there in a while. I explained to her what happened with my job and that I was actually on my way to an interview. (explained the whole strategy etc) We talked a bit about the economy and to try to wrap it up nicely and noted that she was doing quite well with roughly 20-25 men in there eating during an off morning hour. She told me that they aren't doing that well. Those men were all doing the same thing as me, more or less. That's when I looked around and noticed that most all of the men were all going through the classifieds or filling out applications. Like me, they're ordering up nothing more than a drink. I was a little skeptical still, and told her that surely not everyone there was unemployed. She shouted 'hey, how many y'all got a job?' One dude put his hand up, a Postman and the only guy who didn't have his nose in a paper of some sort..and the only dude with a plate in front of him. I took off a bit later, told the gals I'd bring the boy by some time (they've seen him grow up and are aware of his football exploits). During the rest of the walk though, I thought about that. I know it's nothing like the Great Depression or anything. We're not hitching up wagons and following the dirt trails to the vineyards of California. At the same time, I don't think I've ever seen anything like that. An entire business (that's not the unemployment office, a courtroom or a business that's hiring) that was filled with unemployed men looking for opportunity and trying to find ways to fill their day outside of the house. Something here's broken. And honestly, I don't see any real hope on either side of the ticket. On one hand, we've got rhetoric about abortions, condoms, gay marriage and family values.. whatever the hell that is suppose to be.. and I mean no disrespect at all to anyone else's religion, value set or moral beliefs but to me, personally, those things don't matter at all. I see this platform basically running a campaign and strategy of "We're not that guy." On the other hand, we've got rhetoric from the very puppeteers who designed this economic collapse (unless we somehow no longer teach that Congress controls the purse strings) with their ******** loan programs all the while blaming the banks and Wall St... sticking to the one gun that's worked for them "Blame Bush". They have no real plan either, and I can't blame them. If you look at the hogwash spending plans and bailouts that destroyed this country, that they came up with before.. I would probably want to step back from pushing forth policy myself. I mean, they are in power, why risk it? Just sit there and point back across the fence saying 'Look what they did last time they were in charge, at least we're not that guy!'... totally excusing themselves from the very integral part they played in the demise of all of this. We're funding an imaginary war on terror that is paid for in real lives and real dollars. We're funding a comical (because all good comedy is based in tragedy) war on drugs. We have fewer rights and freedoms now than we did when my son was born, let alone when I was born, let alone when my father was born. The country my grandparents were born into is like a fairy tale. We're no safer. There's more drugs on the street than ever. We're so god damned turned around afraid of falling into a label in this society, all the while we create countless new labels a day to factor ourselves into. Nowhere do I see any leadership. All I see is blame, and there's plenty to go around. What I fear is that if we continue down this perilous path, the notion of a 'mother government' that has us all on the teat will become more and more appealing to people until it eventually becomes a reality.. Then we'll have no need for leadership, because we'll all be told who it is. In the meantime, I see no one with any real plan. I've got an ex-wife threatening to stick me in jail. A wonderful son who is just huge and not easy to feed. I receive ONE call back, or even email, on every 52 resumes or applications I've sent. (I went back and checked, I have to check it for my unemployment) I get publicly and privately ridiculed every single day I've lived in this state by 'she who shall not be named', but I continue to keep my chin up and lead with dignity and honor to show my son how to act like a man in the face of adversity.. and it's getting hard. Because when I look around these days, I don't see a lot of honor.. just blame. Maybe it's me who should change and I should hop on the blame train?
Corey, I had no idea. I found myself griping to myself today because I am again doing the work of two. Your message has shown me that I am dead wrong feeling that way. Thanks for being one of the few that stand up and show their children how to be a man.
Corey, I wholeheartedly echo Tom's last comment above. You are smart and tough. You have thoroughbred bloodlines. I'm confident that you have the character to get through this difficult period in your life and come out ahead. Keep plugging.
I understand that there are family considerations but you might want to consider http://news.yahoo.com/unemployment-rate-north-dakota-drops-low-three-percent-070356603.html Just a thought. Good luck.
Gip, Thanks. I have a buddy who has a company that installs the tank and oil line systems for gas stations, business with such needs etc. He's up in North Dakota and MN right now making a killing. This has basically been my issue since moving here. I have two choices. I can find work in other states/areas. I could have returned to coaching several times but would have been required to move more than 12 hours away each time. OR I can be my son's father. I've chosen the latter. He needs me a lot more than I need to be happy doing what I want to do elsewhere. That's about as far into that subject as I want to cover in the public forum. All, Thanks for the nice words but that wasn't really my point. My point is that things are far worse, not just for me but for a great many, than I believe people realize. It's quite bad out there. I have friends who are highly educated GIS guys who have to travel to Alaska just to make a buck. Those are the 'lucky' guys without a family and the mobility to do that. There are a lot of underlying issues at play here. You can chase the money, but it will tear the family apart. My case is far from uncommon. Or you can focus on the family, but then you are subject to the ridiculous petty politics that are retarding our economy. This election proves frustrating when you see the two sides. One side is pushing and passing measures that are literally eroding the fabric of the American economy in this socialistic caste warfare, however, the other side seems too preoccupied with condoms, abortion and illegal aliens to be bothered with the fact that the ship is sinking. Can we please not sink the effing ship? We've got this huge hole in the hull and all anyone seemingly wants to talk about is polishing the brass or making sure the flag is flying right.
Excellent choice, Corey. For all your economic woes, in the long run you will have peace of mind that you did the right thing. I'm not surprised that you've made the choice you've made. This country will not go under. We are strong and will survive whatever obstacles lie in our path. However, if Obama is reelected, I believe that we will come as close as we've come during my lifetime.
Corey......just now read your comments about the job search. Just a tip that seemed to work better for me. It's OK to send out emailed resumes to newspaper ads, Career Builder etc. but good luck getting responses because there are so many qualified people also doing the same. I still recommend doing that but I would also focus on finding out who those companies are that might have work for you even if they have nothing advertised and then calling to identify their hiring managers/presidents/business owners and sending out directly to that person's email a cover letter introducing yourself and your attached resume. I received a lot more response with that approach. Good luck.... and good choice!!!
The Good: Hillary Clinton Calls For Loosening Regulations On Small Businesses Because “Too Many People Still Can’t Find Jobs” – The Bad: In Tunisia, Egypt And Libya… Great idea, but why not here? (CNSNews.com) – Speaking to a group of foreign ministers from Arab nations at the Waldorf Astoria Hotel in New York on Friday, Secretary of State Hillary Clinton expressed support for loosening regulations, particularly on small businesses, because “too many people still can’t find jobs”–in Tunisia, Egypt and Libya. In Libya, according to an estimate published in May by the Organization for Economic Co-Operation and Development [OECD], real Gross Domestic Product is expected to grow this year at a rate of 20.1 percent—or about 15 times the 1.3 percent annualized rate at which real GDP grew in the United States in the second quarter of this year. The OECD further estimated that Libya’s real GDP would grow by another 9.5 percent next year. Libya, the OECD estimated, will have budget surplus equal to 13.6 percent of GDP this year. So far, this fiscal year, the debt of the U.S. government has increased by more than $1.2 trillion. “In Tunisia, Egypt, and Libya, people rose up against their dictators because they were fed up with governments that served the interests of a few at the expense of everyone else,” said Clinton. “But economic and social challenges did not disappear with the dictators. Too many people still can’t find jobs, and young and growing populations crave a sense of opportunity and self-determination.
List: The 36 Obama-Funded Green Energy Failures… Via Heritage: o far, 36 companies that have received federal support from taxpayers have either gone bankrupt or are laying off workers and are heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher. The complete list of faltering or bankrupt green-energy companies: 1.Evergreen Solar ($24 million)* 2.SpectraWatt ($500,000)* 3.Solyndra ($535 million)* 4.Beacon Power ($69 million)* 5.AES’s subsidiary Eastern Energy ($17.1 million) 6.Nevada Geothermal ($98.5 million) 7.SunPower ($1.5 billion) 8.First Solar ($1.46 billion) 9.Babcock and Brown ($178 million) 10.EnerDel’s subsidiary Ener1 ($118.5 million)* 11.Amonix ($5.9 million) 12.National Renewable Energy Lab ($200 million) 13.Fisker Automotive ($528 million) 14.Abound Solar ($374 million)* 15.A123 Systems ($279 million)* 16.Willard and Kelsey Solar Group ($6 million) 17.Johnson Controls ($299 million) 18.Schneider Electric ($86 million) 19.Brightsource ($1.6 billion) 20.ECOtality ($126.2 million) 21.Raser Technologies ($33 million)* 22.Energy Conversion Devices ($13.3 million)* 23.Mountain Plaza, Inc. ($2 million)* 24.Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)* 25.Range Fuels ($80 million)* 26.Thompson River Power ($6.4 million)* 27.Stirling Energy Systems ($7 million)* 28.LSP Energy ($2.1 billion)* 29.UniSolar ($100 million)* 30.Azure Dynamics ($120 million)* 31.GreenVolts ($500,000) 32.Vestas ($50 million) 33.LG Chem’s subsidiary Compact Power ($150 million) 34.Nordic Windpower ($16 million)* 35.Navistar ($10 million) 36.Satcon ($3 million)* *Denotes companies that have filed for bankruptcy.