Tag Archives: Barack Obama

News

Number of Americans not in labor force hits record high of 87,897,000

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Employment to population ratio down 4.5% since Democrats took the House and Senate in January 2007
Employment to population ratio down 4.5% since Democrats took control of the House and Senate in January 2007

The Obama administration has pursued an economic policy of raising taxes on job creators, imposing regulatory burdens on businesses and shoveling mountains of taxpayer money into the hands of green energy firms which are often linked to Democrat fundraisers. Does it work to create jobs? Let’s see.

A record number of Americans are unemployed

From Breitbart.

Excerpt:

Amid disappointing unemployment numbers that fell 80,000 jobs short of projections, another number is raising eyebrows: the number of Americans not in the labor force has hit a record high 87,897,000.

This figure explains why overall unemployment dropped from 8.3% to 8.2%, as the Department of Labor’s unemployment figure does not include people who have given up hope and are not actively seeking employment.

When the number of individuals who have stopped looking for a job and/or who are working part-time but desire full-time employment is included–a figure known as the “underemployment rate”–real unemployment stands at 19.1%.

If you want to know if the President is doing a good job of creating jobs, just count the number of people who are unemployed. If the number of people who are unemployed is at a RECORD HIGH, then you need to elect a new President. Preferably someone who understands basic economics.

The real unemployment rate is 14.5%

From the American Enterprise Institute.

Excerpt:

Recall that back in 2009, White House economists Jared Bernstein and Christina Romer used their old-fashioned Keynesian model to predict how the $800 billion stimulus would affect employment. According to their model—as displayed in the above chart, updated—unemployment should be around 5.8% today.

But the true measure of U.S. unemployment is far worse:

1. If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office—65.7% then vs. 63.8% today down from last month—the U-3 unemployment rate would be 10.9%.

2. But what if you take into the account the aging of the Baby Boomers, which means the labor force participation (LFP) rate should be trending lower. Indeed, it has been doing just that since 2000. Before the Great Recession, the Congressional Budget Office predicted what the LFP would be in 2012, assuming such demographic changes. Using that number, the real unemployment rate would be 10.5%.

3. Of course, the LFP rate usually falls during recessions. Yet even if you discount for that and the aging issue, the real unemployment rate would be 9.4%.

4. Then there’s the broader, U-6 measure of unemployment which includes the discouraged plus part-timers who wish they had full time work. That unemployment rate, perhaps the truest measure of the labor market’s health, is still a sky-high 14.5%.

5. The employment-population ratio dipped to 58.5% vs. 61% in December 2008. An historically low level of the U.S. population is actually working.

People keep talking about intelligent Barack Obama is. But shouldn’t we judge a person’s intelligence based on what they can produce? If you measure Obama’s intelligence based on his results – adding trillions and trillions of dollars to the debt while lowering the number of people who have jobs to a record low – then a fair-minded observer would say that Barack Obama is a person of low intelligence. He simply is out of his league. He would be out of his league if he tried to run a lemonade stand. If no one – Republican or Democrat – would hire this man to work in a private business that they owned, why would we ever elect him to be President?

News

Obama’s Arab Spring: Rockets fired from Egypt hit Israeli city

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From the Chicago Tribune. (H/T ECM)

Excerpt:

A rocket fired from Egypt’s Sinai desert struck the southern Israeli resort of Eilat on Thursday, police said, fuelling Israeli worries over militant activity in the border area.

No casualties or damage were reported.

An Egyptian security source told Reuters in Cairo that Egyptian forces were searching the area along the border but had not found any evidence indicating any rockets had been fired from the Sinai.

The head of Eilat police, Ron Gertner, told Israeli Army Radio that explosions were heard in Eilat soon after midnight. Police found the remains of one rocket in a construction site, about 400 meters (yards) from a residential area.

Asked if the rocket was fired from Sinai, Gertner said: “Based on our working assumptions and the range, yes.”

Officials in Israel have been worried that the Sinai has become a base for Islamist militants since former Egyptian President Hosni Mubarak’s downfall last year.

“For a long while now we have been seeing that the Sinai peninsula is turning into a launching ground against the citizens of Israel, for terror,” Prime Minister Benjamin Netanyahu said after the attack.

It was launched a day before the start of the Jewish Passover holiday, which commemorates the exodus of the biblical Israelites from slavery in Egypt. Eilat is expected to be full of vacationers during the week-long holiday.

The Israel-Egypt border had been relatively quiet since the two countries signed a peace agreement in 1979. But Israel says that since Mubarak was overthrown, Cairo has lost its grip on the Sinai and militants are exploiting the lawlessness.

Here’s something related that I found on Investors Business Daily.

Excerpt:

Egypt’s new parliament is dominated by the radical Islamist Muslim Brotherhood, which is busy rewriting the nation’s constitution and — contrary to its own past promises — is running a candidate for the nation’s presidency.

Once the Brotherhood controls both the presidency and the legislature, it can pretty much do what it pleases — kill homosexuals, force women behind the veil, oppress Christians and other religious minorities, and unilaterally abrogate the 1979 Egypt-Israel peace deal.

Despite this ominous turn of events, as the French news service AFP reports, White House officials held talks with Muslim Brotherhood representatives in Washington this week.

“We believe that it is in the interest of the United States to engage with all parties that are committed to democratic principles, especially nonviolence,” said National Security Council spokesman Tommy Vietor, adding that the talks emphasized “the importance of respect for minority rights, the full inclusion of women and our regional security concerns.”

Well, not only does the Muslim Brotherhood not “respect” minority rights, but it also wants to impose rigid Islamic Shariah law on all of Egypt.

So much for “democratic principles.”

As for the “inclusion of women”, westernized Egyptian women who dream of freedom will soon find themselves subjugated in a way they’ve never been before.

What’s especially tragic is that as the Muslim Brotherhood takes over, it won’t take long for it to replace the 33-year-old peace of Camp David with a new state of war with Israel.

So why are we talking to the Muslim Brotherhood and giving it credibility? What’s to be gained?

The Muslim Brotherhood doesn’t recognize Israel’s right to exist. And it means to place Egypt under Shariah law — the antithesis of a regime based on democracy and human rights.

As they prepare to take over, Egypt’s pending rulers make clear their contempt for us and for our Western values. So is Egypt’s military, which has arrested U.S. citizens for the odious crime of promoting democracy.

Our response? After suspending $1.3 billion in military aid, we reinstated it last month. And we added $250 million in economic assistance to sweeten the pot.

We’re deluding ourselves if we think this is going to end favorably. Islamists have taken over or are about to in Libya, Tunisia and now Egypt, something that our government largely applauded and aided.

Turkey, once a solid ally of the West, has quietly moved to the hard-core Islamist side. Syria, now in the throes of a revolt against Bashar Assad and his socialist Baath Party, may soon join the ranks — a clean sweep.

Today, Israel is friendless and vulnerable, more so than at any time in its modern existence. It will be on the receiving end of many more missile volleys.

We need to be taking steps to restrain aggression against us, our allies and our interests abroad. The Obama administration has done the exact opposite.

Polemics

Should young people vote for Barack Obama and Obamacare?

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The real inequality: young America and old America
The real inequality: young America and old America

From Donald Sensing at Sense of Events blog.

Excerpt:

Shikha Dalmia, responds to Slate’s Dahlia Lithwick, who was so, “Shell shocked by the shellacking that the Solicitor General Donald Verrilli received at the hearing Tuesday, [that] she went into a deep sulk and threw the intellectual equivalent of a hissy fit.” Shikha observes:

In our current health care system, a mix of taxpayers; (rich) hospitals/providers and (even richer) private insurers are stuck with the tab for uncompensated care. There are many problems with this. But isn’t it at least more compassionate than ObamaCare that would force asset-poor young people – trying to pay off their college debt and hang on to some beer money – to subsidize the coverage of relatively wealthier prospective geezers? If maximizing compassion is the issue, shouldn’t we stick with what we’ve got?

In other words, under Obamacare the young overpay for health insurance in order to subsidize the old, whose medical costs are magnitudes higher than those of the young. That is a key feature of the “individual mandate” that makes it mandatory to buy health insurance under Obamacare. I remember reading during the SCOTUS hearings that men and women younger than 30 (or so) average using about $1,800 of health insurance per year, but will have to pay $5,400.

It’s very important to understand that when government gets involved with spending money on handing out goodies, that it is tempting for them to buy the votes of those who are politically informed with the money taken from those who don’t know a thing about real life.

Now consider these numbers from socialist Europe – where Obama’s plan is a little further along.

Excerpt:

Youth unemployment now exceeds 50pc in both Spain and Greece as the number of people out of work in the eurozone as a whole hit a 15-year high of 17.2m.

The unemployment rate among Spain’s under-25s rose to 50.5pc in January, and to 50.4pc in Greece in December, according to the latest available data from Eurostat, the European Union’s statistics office. It compared with an average eurozone youth unemployment rate of 21.6pc. One of the lowest rates of youth unemployment is in Germany, where it remained at 8.2pc in February.

The rise in Spain and Greece reflects the deep financial woes of both countries, which are in the midst of far-reaching and highly unpopular austerity programmes, considered necessary by the broader EU to reduce huge deficits.

Spain’s unemployment rate now stands at 23.6pc, compared with a eurozone average of 10.8pc. The extent of Spain’s problems are further underlined by a housing market in crisis, with prices expected to fall the most on record this year. One-in-four homeowners in the country owes more than their property is worth.

I find it so sad that kids are brainwashed by unionized public school teachers to support nonsense like global warming, while despising free market capitalism. And then they go out and vote for more and more government, so that their “teachers” can be paid more and more. They will never fix their worldviews until they get out into the real world, and by then it they will have voted in many elections.