White House Economic Report Hides Sharp Drop In Number of Working Americans…


15 Comments (+add yours?)

  1. Kim
    Feb 18, 2012 @ 12:19:12

    White House officials are trying to downplay the growing political damage caused by a shrinking federal statistic: the percentage of working-age Americans who actually have jobs.

    The increasingly visible statistic shows that roughly 11 million working-age Americans are being excluded from the nation’s formal tally of 13.75 million unemployed Americans.

    Today’s 2012 Economic Report of the President attempts to bury the statistic in a 448-page blizzard of statistics, jargon and reassuring comparisons. “In the last 23 months, businesses have created 3.7 million jobs,” says the upbeat report, released at 4 p.m. on a Friday afternoon by the President’s Council of Economic Advisers.

    Democrats are touting downward ticks of the formal unemployment rate to 8.3 percent, but Republicans are making an increased effort to highlight the painfully low employment participation rate.

    Read more:


  2. Kim
    Feb 18, 2012 @ 12:21:45


  3. Kim
    Feb 18, 2012 @ 12:39:36

    Acting without any legal authority, President Obama has overridden the federal charter of the Export-Import Bank, and turned it into a competitor for domestic loan business, in utter defiance of the law. Hardly anyone has noticed or seems to care. Speaking at a Boeing assembly plant in Everett, Washington Friday, President Barack Obama announced a bold new plan to help American exporters: he would broaden the services of the Ex-Im Bank to help grow our exports.

    Now, that sounds good on the face of it. The Ex-Im Bank is chartered as an export-funding source with a very narrow, specific charter. It exists in an odd area of commerce that requires some background.

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  4. Sherry
    Feb 18, 2012 @ 13:33:56


  5. Kim
    Feb 20, 2012 @ 11:12:39

    “This tells you how bad our politics have become,” Krauthammer said. “Everybody here is so delighted that we finally have a bipartisan agreement and are celebrating it. Over what? … We have just added $100 billion [to a $16 trillion debt for]… a payroll tax cut that every economist will tell you will not have any influence on the creation of jobs or helping our economy. It is temporary and it will have no effect.”

    Read more:


  6. Kim
    Feb 20, 2012 @ 11:15:16

    The press in parrot-unison hail Obama for having “saved” the auto industry.

    But always somehow fail to report that we have lost (at least) $23.6 billion on the (mis-ad)venture.

    Or that Obama handed an additional $68 billion of our coin – to two companies with a combined market value of around $8 billion. How’s that for new math?


  7. Kim
    Feb 20, 2012 @ 13:20:36

    And please note, he is attacking Obama — on the economy, I might add — instead of his fellow Republican.


  8. Kim
    Feb 20, 2012 @ 13:39:32

    According to Newsbusters, network newscasts linked Bush to “skyrocketing” gas prices 15 times more than Obama.


  9. Kim
    Feb 21, 2012 @ 09:36:41

    In his Washington Post oped, “ObamaCare vs. the Constitution”, Charles Krauthammer chastised Republicans for their ineffectual response to Obama’s abuse of power. They can’t even seem to communicate to the American people that this administration is guilty of gross overreach, trampling on the Constitution.

    In 2010, when all this lay hazily in the future, the sheer arrogance of Obamacare energized a popular resistance powerful enough to deliver an electoral shellacking to Obama. Yet two years later, as the consequences of that overreach materialize before our eyes, the issue is fading. This constitutes a huge failing of the opposition party whose responsibility it is to make the opposition argument.


    • Kim
      Feb 21, 2012 @ 09:37:07

      • First President to Violate the War Powers Act

      • First President to Orchestrate the Sale of Murder Weapons to Mexican Drug Cartels

      • First President to issue an unlawful “recess-appointment” while the U.S. Senate remained in session (against the advice of his own Justice Department).

      • First President to be Held in Contempt of Court for Illegally Obstructing Oil Drilling in the Gulf of Mexico

      • First President to Defy a Federal Judge’s Court Order to Cease Implementing the ‘Health Care Reform’ Law

      • First President to halt deportations of illegal aliens and grant them work permits, a form of stealth amnesty roughly equivalent to “The DREAM Act”, which could not pass Congress

      • First President to Require All Americans to Purchase a Product From a Third Party

      • First President to Spend a Trillion Dollars on ‘Shovel-Ready’ Jobs — and Later Admit There Was No Such Thing as Shovel-Ready Jobs

      • First President to sue states for requiring valid IDs to vote, even though the same administration requires valid IDs to travel by air

      • First President to Abrogate Bankruptcy Law to Turn Over Control of Companies to His Union Supporters

      • First President to sign into law a bill that permits the government to “hold anyone suspected of being associated with terrorism indefinitely, without any form of due process. No indictment. No judge or jury. No evidence. No trial. Just an indefinite jail sentence.“

      • First President to Bypass Congress and Implement the DREAM Act Through Executive Fiat

      • First President to Threaten Insurance Companies After They Publicly Spoke out on How Obamacare Helped Cause their Rate Increases

      • First President to Threaten an Auto Company (Ford) After It Publicly Mocked Bailouts of GM and Chrysler

      • First President to “Order a Secret Amnesty Program that Stopped the Deportations of Illegal Immigrants Across the U.S., Including Those With Criminal Convictions“

      • First President to Demand a Company Hand Over $20 Billion to One of His Political Appointees

      • First President to Encourage Racial Discrimination and Intimidation at Polling Places

      • First President to Have a Law Signed By an ‘Auto-pen’ Without Being “Present”

      • First President to Arbitrarily Declare an Existing Law Unconstitutional and Refuse to Enforce It

      • First President to Tell a Major Manufacturing Company In Which State They Are Allowed to Locate a Factory

      • First President to refuse to comply with a House Oversight Committee subpoena.

      • First President to File Lawsuits Against the States He Swore an Oath to Protect (AZ, WI, OH, IN, etc.)

      • First President to Withdraw an Existing Coal Permit That Had Been Properly Issued Years Ago

      • First President to Propose an Executive Order Demanding Companies Disclose Their Political Contributions to Bid on Government Contracts


  10. Kim
    Feb 21, 2012 @ 09:54:14

    It makes absolutely no sense, unless you look at the bigger picture. Obama’s re-election campaign unofficially kicked off with the Occupy Wall Street movement. It got the unionistas and professional leftists out to energize his “young and stupid” demographic that had lost a lot of its enthusiasm for Obama, and also to help set his 2012 campaign theme of envy and resentment toward your neighbor. Does that sound like an over the top statement? The president can’t run on his record – sustained high unemployment, soaring deficits, high fuel prices thanks to an anti-energy policy, not to mention a foreign policy where the good guys don’t trust us and the bad guys think we’re a joke. How many leaders have you seen who after three years in their position continue to whine about the job they inherited? Hence, the “Obama in 2012 – It’s someone else’s fault” campaign theme.


    • Kim
      Feb 21, 2012 @ 09:54:47

      The president is very good at getting himself elected to office – whether getting opponents thrown off the ballot, sealed divorce records released, accepting illegal campaign contributions from foreign donors, or having a fawning press ignore his every flaw while shining a glaring light on every weakness of his opponents, no matter how small or petty. When Mitt Romney shaped up as the most obvious opponent for him to face in November, the OWS campaign makes perfect sense to start building resentment and envy toward Americans who are actually competent enough to lead successful careers. But then a funny thing happened.


  11. Kim
    Feb 21, 2012 @ 12:39:33

    This Congress will be making a grave mistake, a grave mistake, and reinforcing a dangerous precedent by extending the payroll tax cut and adding another negative without paying for it. And I’m dismayed that Democrats, including a Democratic president and a Democratic vice president, have proposed this and are willing to sign off on a deal that could begin the unraveling of Social Security.


    • Kim
      Feb 21, 2012 @ 12:41:54

      …Where are the Republicans on this? For all of my lifetime, I have had to hear that as a Republican, I want old people to give up their Social Security. We’ve all heard that. We’ve all, as Republicans, been accused of wanting to kick seniors out of their houses, take away their Social Security, take away their Medicare. It has never been true. Here comes Barack Obama, the Democrat Party, Harry Reid, Nancy Pelosi, they’re doing it, they’re actually cutting Social Security revenue by $105 billion a year minimum.


  12. Kim
    Feb 22, 2012 @ 10:53:54

    President Obama’s 2013 budget is the gift that keeps on giving—to government. One buried surprise is his proposal to triple the tax rate on corporate dividends, which believe it or not is higher than in his previous budgets.

    Mr. Obama is proposing to raise the dividend tax rate to the higher personal income tax rate of 39.6% that will kick in next year. Add in the planned phase-out of deductions and exemptions, and the rate hits 41%. Then add the 3.8% investment tax surcharge in ObamaCare, and the new dividend tax rate in 2013 would be 44.8%—nearly three times today’s 15% rate.

    Keep in mind that dividends are paid to shareholders only after the corporation pays taxes on its profits. So assuming a maximum 35% corporate tax rate and a 44.8% dividend tax, the total tax on corporate earnings passed through as dividends would be 64.1%.


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