Tag Archives: Politics

Unemployment Rate 10.5%, Not 5.3%

You’ve seen it on the news, “Total nonfarm payroll employment increased by 223,000 in June, and the unemployment rate declined to 5.3 percent.” That, according to the U.S. Bureau of Labor Statistics.

Wasting not a millisecond, President Obama is in front of a camera touting his progress. The only problem is that there is no progress. As pointed out earlier here, several times, the unemployment rate isn’t dropping because more people are working. It’s dropping because the BLS has stopped counting all the unemployed for the low numbers that the media and The White House are bragging about.

The 5.3% you see in the news, is known as the U-3 report. That rate went down from 5.5% in May 2015. And, 223,000 jobs were created in June. That’s not enough new jobs to break even when retirements, deaths, and population growth are considered. That’s why the labor participation rate is at Jimmy Carter era levels, and has been for years.

The unemployment rate dropped .2% for June from May’s 5.5% because for the month of June, 432,000 dropped out of the labor force. Which means, they’re no longer counted. It’s as though they don’t exist for purposes of calculating the U-3 unemployment rate. The real unemployment rate, known as the U-6, is 10.5%.

Don’t be surprised to see the U-3 to get below 5% before President Obama’s term ends. Just remember why. It’s not because of net new jobs being created. It’s because of not counting all who are not working, and counting people getting a second or third job to make ends meet are counted as a new job being created. Part of that 223,000 number.

President Carter On President Obama

President Carter gets, and takes, the opportunity to fall to the position of second worst President in our nation’s history.

In describing Obama’s successes or shortcomings of American foreign policy, Carter says . . .

I can’t think of many nations in the world where we have a better relationship now than we did when he took over.

Link: Jimmy Carter: Barack Obama’s foreign policy accomplishments ‘minimal’

What Rotting On The Vine Looks Like

The cultural decay of America didn’t just happen in the last couple decades. This was proscribed in American culture three-quarters of a century ago.

A political party, running from decades of racial discrimination, and the pop culture of the 1960’s in the form of its music and entertainment, gave the process a booster shot.

The pilfering of Social Security’s so-called “lock-box” to fund welfare programs, and a youth anti-war movement that embraced the “Love the one you’re with” mindset,  magnified by a non-critical news media were the termites introduced to American society. Defeating liberalism is the treatment.

Walter E. Williams’ chronicles this in a way that no one else has, in this piece, Intellectual Dishonesty and Cultural and Social Pathology. Continue reading What Rotting On The Vine Looks Like

Obama, No Strategy For Terrorists

OBAMA_CAPTAIN_OBVIOUSCaptain Obvious confessed that “We don’t yet have a complete strategy” for fighting the Islamic State in Iraq.

He could have added that we have no hint of one for combating the Islamic State in Syria. Months ago at a news conference Obama created a firestorm when he conceded we did not have strategy for defeating the Islamic State. One wonders what the administration been up to since then.

Link: Still no plan to defeat the Islamic State

 

Pres. Obama Wins M.R.I.O.T.D. Award

Speaking with Young Southeast Asian Leaders Initiative Fellows at the White House, President Barack Obama said that under his leadership, the United States has become the most respected country in the world.

Of course, these weren’t real world leaders. The real leaders were at home ROTFL. These were students, who probably knew better.

This assertion is like his assertion that he has this economy in a recovery, while there is not a single economic measure that would support that claim. Beginning with, he economy is contracting, lowest worker participation rate since Jimmy Carter, real unemployment rate is north of 10%, more businesses are closing than are opening, and, a record number of people are on government assistance and food stamps.

On the world stage, every country he has had a hand in has been a disaster. Starting with the United States, the Arab Spring, Benghazi, Libya, Syria, Iraq, Iran, Russia, Ukraine, China, and the rise and strengthening of terrorists around the world.

The winning statement . . .

and today once again, the United States is the most respected country on earth

For this, President Obama wins the award for the Most Ridiculous Item Of The Day award. For the third time.

Links: President Obama: Under My Leadership, US Once Again Most Respected Country on Earth  |  Young Southeast Asian Leaders Initiative Fellows

Still The “United” States?

Remember how the country was wooed when Sen. Obama arrived to challenge Hillary Clinton for the 2008 presidential race? And Hillary was tossed aside like a dirty sock?

The thought of the first Black president who, just by his election, would heal the stigma of slavery from our country’s past. He would be the one to transform America into its new post-racial era. Or so we thought.

Get ready for another slam of the Obama Wrecking Ball if what seems to be brewing comes to fruition. And I’m not just talking economically.

Reparations isn’t something new to this administration. He’s already tested the waters. For someone who dislikes America as much as him, and as community organizers go, stirring up something like reparations, for people who had nothing to do with it, from people who had nothing to do with it, is right up his alley.

Is this a belated April Fools joke, or just the next step in erasing the “United” from the United States?

Links: Reparations talk in the media

Climate Politics, Another Loser?

The War On Weather, or if you prefer, Man-Made Global Warming, is not going so well. Not near as good as the War on Terror. What?

  • So far, the pilots have failed to make a noticeable dent in carbon emissions
  • “This is still a market created by policy,” Kong said. “The policy needs to follow the market at some time.”
  • Starting in 2013, China set up the seven pilot markets in the country’s largest cities – Beijing, Tianjin, Shanghai, Chongqing and Shenzhen – as well as the industrial provinces of Guangdong and Hubei. Since mid-April, the seven markets have traded a total of 31.2 million tons of carbon. The European market in its first year traded more than 10 times that amount of carbon.

And about the time the President was telling the graduates at the United States Coast Guard Academy how man-made climate change was the greatest threat to our country, the CIA shut down its program to use its spy satellites to look at the weather.

Link: China readies national carbon market to fight climate change  | CIA shuts down program using spy satellites to track climate change 

Worst Commander-In-Cheif, EVER!

Obama has certifiably lost his friggin mind. Or thinks you are a mind-numbed robot, or that he has hypnotized you with his brilliance. It might be that the now out-of-work Letterman writers have moved into The White House? I don’t know. But, never one to accept an ounce of responsibility for absolutely everything going wrong, this sorry excuse for a president is telling the Coast Guard at their graduation that climate change is the cause for ISIS and other terrorist groups.

ISIS has captured half of Syria and a significant part (where our men and women fought and died for) of Iraq. At the same time, he wants you to believe that his military brilliance is degrading ISIS. And why not? His supporters (media included) bought his line that his stimulus spending worked too! Because things would have been much worse without it. Likewise, if ISIS had not been degraded, they would have had all of both countries by now. See?

However insane this is, it’s a sign of progress. He’s no longer blaming Bush.

Link: OBAMA: CLIMATE CHANGE FUELED RISE OF BOKO HARAM, WAR IN SYRIA

A Discussion About Race

Walter E. Williams perfectly elucidates the plight of Blacks today. And it has nothing to do with racism, as he documents. Basically two things, liberal government policies that ease the consequences for poor decision making, and minimum wages keeping those wanting to start a job from getting a job.

You’ll be shocked to see the social cost of government policies upon the Black community. The numbers he researched tell a story very different from the grievance industry today.

Continue reading A Discussion About Race