Syria Got You Down, Pivot To Strength

September 16, 2013

Let’s try the truth …

Obama’s week ahead: All about the economy.

President Obama will launch a week of economic events on Monday, highlighting the five-year anniversary of the crashing of the financial market to argue that Republican policy prescriptions to looming fiscal battles would undo recent gains.

Looking back to the economic collapse of 2008, which helped propel him to the White House, Obama will argue the country has since been on a steady climb back to prosperity. The White House is hoping to use the week as leverage before an October deadline to keep the government funded and ahead of the nation reaching its borrowing capacity just weeks later.

It’s all fun and games until someone says the magic words: Labor Force Participation Rate.

And there is this handy chart to show you how well it’s going… PLUNCK …All you need to know about Obomba and the economy in one chart. Where are the jobs?



Worst Recovery in History

July 23, 2013

Worst. President. Ever. The economy is being crippled by this fraud …

Barack Obama told his low-information supporters yesterday that the US economy was “back to where we were.”

The Washington Examiner reported:

President Obama explained that the U.S. economy was back, during an address to his former campaign operation turned into a non-profit – Organizing for Action.

Obama reminded them that when he took office “the bottom had fallen out” of the national economy – citing rising inequality and middle class struggles.

“Now, the good news is over the last five years, we fought alongside people like Nancy Pelosi. But most importantly, because of the grit and resilience and determination of the American people, we’ve been able to clear away the rubble and get back to where we were,” Obama explained.

Obama added that the economy was the most important item on his agenda – even though he noted that climate change, women’s rights, civil rights, and gun violence were still important.

Obama previewed his Wednesday speech which he revealed would be more “thematic” about how to make the economy stronger.

The man has no shame.

Try this chart ..


Does that look like “we are back” or does it look like a bald faced lie, for the ignorant Obama voters. Keep in mind that births have, or should have, actually increased the size of our labor force. NBER is the National Bureau of Economic Research.

P2P Drops In May According To GALLUP

June 7, 2013

As the world waits breathless for some Goldilocks print in tomorrow’s non-farm payroll data, Gallup’s most recent survey of employment trends does not paint a pretty picture for the real economy. Though, by the ‘adjustment bureau’ and their Arima-X goal-seeking, nothing is ever clear, not only is the payroll-to-population (the number of people working) worse than a year ago but the unemployment rate is also rising with under-employment – at 18.0% – near 15 month highs. If the NFP print plays out in line with this, the estimate of 165k will be woefully over-optimistic, leaving the question of whether bad-is-good, or have we crossed the Rubicon of belief in moar is better.’

The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, worsened in May, dropping to 43.9%, from 44.5% in April. P2P is also down from May 2012, when it was 44.4%


The decline in P2P versus 2012 indicates that fewer people worked full-time for an employer this May compared with a year ago. The 43.9% found this May is similar to the 43.7% recorded in 2011 and 44.0% in 2010.

Gallup’s P2P metric is an estimate of the percentage of the U.S. adult population aged 18 and older who are employed full time by an employer for at least 30 hours per week. P2P is not seasonally adjusted.

Shades Of The Soviet Union

April 25, 2013

All those undocumented workers, pay no taxes, when workers go underground …

CNBC reports:

The growing underground economy may be helping to prevent the real economy from sinking further, according to analysts.

The shadow economy is a system composed of those who can’t find a full-time or regular job. Workers turn to anything that pays them under the table, with no income reported and no taxes paid — especially with an uneven job picture.

Wal-Mart Shares Are Tanking

February 15, 2013

As a scary reality about Wal-Mart’s customers might be coming to a head.

Read more: hits consumers, not the intended results of the moochers and looters, get them rich people.

Wal-Mart shares are tanking after the company’s executives called February sales a “total disaster.”

“Have you ever had one of those weeks where your best-prepared plans weren’t good enough to accomplish everything you set out to do?” Wal-Mart exec Cameron Geiger wrote in one of the emails reported by Renee Dudley at Bloomberg.

“Well, we just had one of those weeks here at Walmart U.S. Where are all the customers? And where’s their money?” Geiger asked.

Wal-Mart is facing a scary reality: the ailing finances of its core customers, Brian Sozzi, chief equities analyst at NBG Productions, told us.

That would be all the low information Obama voters … pick u[ the Obama-phone, stat!!!

Read the rest of this entry »

Egypt Death Spiral Watch Continues

February 14, 2013

Islamic takeover of Egypt begins to fail …

Egypt’s feedback loop of civil unrest and economic failure is getting worse. A month after the country’s currency reserves fell by $1.4 billion, an international ratings agency is cutting Egypt’s bond rating:

The downgrade was due to the recent escalation of civil unrest in the country, highlighted by violent clashes between protesters and security forces in recent weeks resulting in many deaths, the agency said in a statement. […]

Uncertainty over the $4.8 billion loan from the International Monetary Fund have also pushed the rating down, according to the statement released by Moody’s.

An economic death spiral is like a straitjacket: the more fitfully you try to get out, the tighter it gets. That seems to be precisely what civil unrest, spurred in large part by Egypt’s economic woes, is doing to the country’s economic prospects: popular riots on the ground are driving away tourism and foreign investment, which eventually harms the country’s credit rating, which worsens the economic woes, which drives more people into the streets…

Uncertainty about the IMF’s loan and parliamentary elections makes the situation even worse. It’s unclear whether the government has the financial or political resources left to keep buying more time. Via Meadia is hoping for the best, but this is not looking good.

Chart Of The Day: Continued Collapse In Capital Goods New Orders Confirms US Is In Recession

November 27, 2012

While the just released Durable Goods orders report for October came in modestly better than expected (which many thought would be a decline due to Hurricane Sandy), the primary driver of this continues to be record durable good inventory accumulation. Excluding the noise, and focusing only on real, non-noisy economic strength metrics such as New Capital Goods Orders (technically defined as the year over year change in Non-Defense Capital Goods Excluding Aircraft), a very different and far uglier picture emerges. In fact, the October Y/Y Plunge of -8.1% in this major indicator was the biggest drop since 2009.

Currently we are on the right LOL!

Sort of doesn’t add up with Obama’s phony numbers does it?

To summarize: according to one of the least susceptible to manipulation indicators of US economic strength and growth, the US economy is now in a recession.

When You Build a Welfare State, They Will Come.

July 6, 2012

We are doing just that under Obama. Didn’t yu Know he was a communist? Didn’t you read his two autobiographies? Who writes two? Better start waking up, before it’s too late.

Here’s a fun tidbit that I missed from the June jobs report.

Most months, the number of people transferring out of the workforce on disability claims are easily dwarfed by the people who find jobs.  In June?  Disability Ranks Outpace New Jobs In Obama Recovery:

More workers joined the federal government’s disability program in June than got new jobs, according to two new government reports, a clear indicator of how bleak the nation’s jobs picture is after three full years of economic recovery.

The economy created just 80,000 jobs in June, the Bureau of Labor Statistics reported Friday. But that same month, 85,000 workers left the workforce entirely to enroll in the Social Security Disability Insurance program, according to the Social Security Administration.

As Investors Business Daily further notes, that isn’t the exception in the Obama recovery, but the rule:

The disability ranks have outpaced job growth throughout President Obama’s economic recovery. While the economy has created 2.6 million jobs since June 2009, fully 3.1 million workers signed up for disability benefits.

Our economy becomes the disability economy. Who follows on om the disabled applicants? Does anybody? After the two-year cycle, of unemployment, they look to transfer to a more permanent subsidy. These people have given up hope of finding any kind of work in the future, and probably for good reason; two years without a job makes skill sets erode, and creates anxiety among employers who are definitely in a buyer’s market in terms of labor needs.

Degrades the country’s work force, trains people in the way of dependency.

You Want Someone With a 1930s Worldview, That’s Obama

June 11, 2012

But its informative at the 1930s thinking it shoows us … there is no no good reason why the Obama campaign should be sending David Axelrod out on TV for the president. He is consistently terrible, as we saw on CNN on Sunday:

Axelrod is expert at disguising liberals as moderates and convincing already committed liberals that the opposition is evil incarnate. But neither of those talents is much help to Obama now. In fact, the entire strategic vision of the campaign — things are improving, Romney is a right-wing kook — isn’t convincing anybody beyond the 45-48 percent of the vote-Democratic-no-matter-what portion of the electorate. And even Axelrod will admit Obama can’t win the race with that level of support.

You think Obama didn’t know that the private sector economy was a disaster? H9ow do you fix someone who thinks hiring teachers, firemen and police men is improving the economy. Who does he think hires these people.

You want upside down Communist thinking, that’s Obama. Does he know anybody that works in the private sector economy? He sure shows he has no understanding of what is what when it comes to economics.

That’s clear.

Romney responds …

People doing make work jobs are not expanding the economy. If you think so, define how hiring a firefighter expands the economy.

With Americans busy battling the ravages of the Obama economy, a new Gallup Poll Finds that citizens’ worries about environmental issues are at record lows.

April 17, 2012

From 2000 to 2012, the percentage of those who said they worry “a great deal” about drinking water pollution has plunged -24 points (from 72% to 48%), and worries about air pollution have fallen -23 points (from 59% to 36%).

Global warming concerns have also cooled.  In fact, of the seven environmental issues Gallup tested, worries about global warming finished dead last.

Gallup offered two explanations for the study’s findings:

Americans’ concerns about environmental problems have dropped in recent years, coincident with their drop in support for various environmental policies and the higher priority they assign to economic growth than to environmental protection.

There are two likely explanations for the declining concern. First, Americans are a bit more positive now than they have been in the pastabout the quality of the environment. Second, the economic downturn has forced Americans to focus more on bread-and-butter economic issues than quality-of-life issues. It may be no coincidence that environmental concern was highest in 2000, when the U.S. was enjoying one of the strongest economies in recent memory, and that environmental concern has reached new lows recently, after the worst financial downturn in the last 25 years.

Gallup’s poll was based on a random sample of 1,024 U.S. adults and has a margin of error of ±4 percentage points.

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