Tag Archives: Obama hates business

Thanks Mr Obama: Big Income Losses for Those Near Retirement

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From the New York Times Business Day:

Americans nearing retirement age have suffered disproportionately after the financial crisis: along with the declining value of their homes, which were intended to cushion their final years, their incomes have fallen sharply.

The typical household income for people age 55 to 64 years old is almost 10 percent less in today’s dollars than it was when the recovery officially began three years ago, according to a new report from Sentier Research, a data analysis company that specializes in demographic and income data.

Across the country, in almost every demographic, Americans earn less today than they did in June 2009, when the recovery technically started. As of June, the median household income for all Americans was $50,964, or 4.8 percent lower than its level three years earlier, when the inflation-adjusted median income was $53,508.

Since your 2008 “Hope and Change,” what kind of hope and change has occurred?  I’d submit this: no hope, much change.  See above.

The common Political Yardstick: are you better off today than you were four years ago?  And what does your future portend?

No, I’m not.  And I’m facing a slanted SCOTUS, ObakaKare and CapNTax.

Further:

Odds of Global Recession Are 100%

There’s still a 100 percent chance the world heads into recession, Marc Faber, publisher of “The Gloom, Boom & Doom Report,” told CNBC’s “Closing Bell” on Thursday, echoing a call he made in May.

Bloomberg | Getty Images
Marc Faber, managing director of Marc Faber Ltd. and publisher of the Gloom, Boom and Doom Report

When you look at the major economies, Europe, the U.S., China and the emerging markets that are dependent on China for growth, Faber, aka Dr. Doom, only sees weakness.

“Europe is already in recession,” he said. “Germany is still growing very, very slightly, but is likely to go into recession soon.”

Growth in the U.S. is also falling off. “The U.S. economy has decelerated and I don’t see much growth in the next six to 12 months,” Faber said.

There’s also little the Federal Reserve and other policy makers can do to turn the U.S. economy around. “I think that if you look at the injection of liquidity and the intervention by the Federal Reserve and the Treasury with fiscal measures, it has already impoverished the U.S. economy,” he said.

Right.

All is well.

Hope and change.

BZ

 

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Hypocrisy, thy name is Obama: AP Exclusive: Energy loan watchdog an Obama donor

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From the Associated Press:

WASHINGTON (AP) — A veteran Wall Street executive who performed an independent review that exonerated the Obama administration’s program of loans to energy companies contributed $52,500 to re-elect President Barack Obama in the months since completing his work, according to an Associated Press review of campaign records. The executive defended the integrity of his conclusions and said he decided to donate to Obama after his work was finished.

And still, with hot and cold political hypocrisy running rampant daily during Mr Obama’s administration, there continue to be persons sufficiently stilted, inane, ignorant, naive and blinded to vote for the current occupant.

BZ

 

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Just like “1984”: White House Sets Ground Rules for Local Interviews

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Imagine that.

The Obama Administration attempting to control the DEM/MSM.

From Keith Koffler, a veteran White House reporter:

The White House is doing something with its local TV interviews that it could not easily get away with in encounters with the White House press corps, which President Obama has been studiously ignoring: choosing the topic about which President Obama and the reporter will talk.

In interviews with three local TV stations Monday, two from states critical to Obama’s reelection effort, Obama held forth on the possibility of “sequestration” if he and Congress fail to reach a budget deal, allowing him to make his favorite political point that Republicans are willing to cause grievous harm to the economy and jobs in order to protect the rich from tax increases.

Obama Monday threw the White House press corps a bone by suddenly appearing in the briefing room for 22 minutes and taking questions from a total of four reporters. It was his first press conference at the White House – albeit in miniature – since March, and only his second of the year. Obama before Monday had taken exactly one substantive question from White House reporters since June.

Can you imagine the results had Bush 43 done the following:

– Set ground rules for interviews;
– Avoided the White House press corps for five months?

Yes: 24/7 excoriation would have been the result.

For Obama?  No.  Because the DEM/MSM are “in the tank” for Mr Obama due to his duality: he is Demorat and he is black.  He is, in a media sense, (and continues to be) untouchable.

That said, have you heard or read a portion of how your 2009 “Stimulus” funds were actually spent?  Likely not.  Read it here first:

Now: from the WashingtonTimes.com:

Labor Department spends stimulus funds for ads during Olbermann, Maddow shows

The Labor Department paid out hundreds of thousands of dollars in federal stimulus funds to a public relations firm to run more than 100 commercials touting the Obama administration’s “green training” job efforts on two popular MSNBC cable shows, records show.

The commercials ran on MSNBC on shows hosted by Rachel Maddow and Keith Olbermann in 2009, but the contract didn’t report any jobs created, according to records recently reviewed by The Washington Times.

Spending reports under the federal Recovery Act show $495,000 paid to McNeely Pigott & Fox Public Relations LLC, which the Labor Department hired to raise awareness “among employers and influencers about the [Job Corps] program’s existing and new training initiatives in high growth and environmentally friendly career areas” as well as spreading the word to prospective Job Corps enrollees.

Ultimately, the firm negotiated ad buys for “two approved spots” airing 14 times per week for two months on “Countdown with Keith Olbermann” and “The Rachel Maddow Show,” according to a project report, which listed the number zero under a section of the report asking how many jobs had been created through the stimulus contract.

David Williams, president of the nonprofit watchdog Taxpayers Protection Alliance, called the contract “questionable” because it created no jobs and because of the placement of the ads on shows viewed as friendly to the administration’s policies.

“Hiring a PR firm does not create jobs and this was obviously meant for selling a particular political agenda,” Mr. Williams said. “The placement really reeks of a political ad rather than a job ad, and taxpayers see through this.

“Taxpayers would be a lot happier at the end of the day to see a completed road rather than a bunch of ads on cable television,” he said.

I say: YOUR FEDERAL TAX DOLLARS AT WORK.
As in: YOU paid “stimulus dollars” for a litany of Obama propaganda advertisements.
As in: YOU, as an American Taxpayer, were once again FLEECED.
This is YOUR money, ladies and gentlemen.  YOUR MONEY.
Do you care?
BZ

 

 

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Poll reveals the unspoken truth: Obama can’t even sew up Illinois

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From The Daily Caller:

President Barack Obama could lose his home state of Illinois in November, a new poll shows.

A poll conducted by Illinois-based pollster and political strategist Michael McKeon found Obama leading Republican Mitt Romney by 49 percent to 37 percent in Cook County, the home of Chicago. That puts him ahead by a far thinner margin than expected in a county he should be winning handsomely.

Cook is the most Democratic leaning county in the state. It is also the most populous.

Those numbers do not bode well for the president.

To those who think that Obama is simply a “given” I say:

You are about to be surprised.

BZ

 

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