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Posts Tagged ‘Obama Boom’

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Obama Boom: Consumer Confidence falls in June more than expected

by Phantom Ace ( 7 Comments › )
Filed under Barack Obama, Economy, Headlines, Misery Index, Progressives, Socialism, unemployment at June 28th, 2011 - 10:47 am

The Obama Boom myth continues to unravel before our eyes. Consumer confidence fell in June. Despite lowering gas prices, wages are still stagnant. No raises, mean no chance of improving your economic conditions. Once again, this report was worse than expected.

U.S. consumer confidence fell in June to the lowest point since November 2010 on concerns about the slack labor market and sputtering recovery, according to a Conference Board report released Tuesday.

[….]

Consumers’ assessment of the labor market became more pessimistic. The “jobs hard to get” index rose to 43.8 percent from 43.5 percent, revised down from 43.9 percent the month before, while the “jobs plentiful” index fell to 5.2 percent from 5.7 percent, revised from 5.6 percent.

The American public doesn’t buy the media’s lies of a great economy. They see with their own eyes the stagnation of America’s economy.

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Posted in Barack Obama, Economy, Headlines, Misery Index, Progressives, Socialism, unemployment | 7 Comments »

Obama Boom: Once again more than expected

by Phantom Ace ( 1 Comment › )
Filed under Economy, Headlines, unemployment at June 23rd, 2011 - 9:51 am

The term more than expected keeps popping up. The media still refuses to admit that Obama’s policies have failed. Weekly jobless claims rose to 429,000.  Claims have been above 400,000 for 3 months now, indicating a very weak labor market.

WASHINGTON (Reuters) – New claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, suggesting little improvement in the labor market this month after employment stumbled in May.

Initial claims for state unemployment benefits climbed 9,000 to a seasonally adjusted 429,000, the Labor Department said. The prior week’s figure was revised up to 420,000.

Economists polled by Reuters had forecast claims to edge up to 415,000 from a previously reported count of 414,000.

The claims report covers the survey period for the government’s closely watched data on nonfarm payrolls for June.

Claims increased 15,000 between the May and June survey periods, implying little or no gains in nonfarm payrolls this month after a modest 54,000 increase in May.

The Obama Boom myth is falling apart. No matter how much the media lies, nothing has improved.

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Posted in Economy, Headlines, unemployment | 1 Comment »

Together We Can Stop Environmental Pressure Groups from Killing Jobs and Prosperity!

by 1389AD Comments Off on Together We Can Stop Environmental Pressure Groups from Killing Jobs and Prosperity!
Filed under Economy, Environmentalism, Headlines, Misery Index, Regulation, unemployment at June 17th, 2011 - 3:36 pm

Animated green mailbox
From the 1389 Blog Mailbox:

From: Beth Shaw beth@resourcefulearthnews.org
Sent: Fri, June 17, 2011 4:26:51 AM
Subject: Together we Can Stop Environmental Pressure Groups from Killing Jobs and Prosperity!

Taking on the powerful Green movement is no small task. The Environmentalists are well-funded, have power and influence with the current Administration and their supporters can be fanatical when it comes to their opposition to harvesting the abundant resources within the United States.

Yes, we all want pristine landscapes, plush forests and clean, clear streams. But we also see that the increasing costs of gas, oil and electricity is breaking the back of the middle class. We all understand the need to be responsible in the manner in which we retrieve the natural resources that we have in abundance in the United States, understanding that our modern life-style requires the use of those resources if we are to survive. We can have the use of those resources without damaging our beautiful Earth!

Unfortunately, we are being prevented from harvesting these resources through the abuse of regulations by ‘green’ activists groups like ‘Stop the Drill’ and ‘No Dirty Gold’.

Oddly, the environmental concerns and activism of these groups seems to stop at the borders of the United States while other countries are given funds to mine and drill as well as promises the minerals they retrieve from the Earth will be bought by the citizens of the United States.

The Environmentalists have by-passed any semblance of commonsense in order to promote their causes costing Americans jobs and prosperity.

What can we do??

Resourceful Earth logo

Resourceful Earth is launching on Friday in Minneapolis at the fourth annual Right Online conference.

You can help by signing this petition. Follow Resourceful Earth News on Twitter and Facebook and use your blogs as part of this grassroots movement to put a stop to the abuse of government regulations that are killing jobs and leaving us dependent on foreign resources for our energy. It’s up to us! Join us and help us restore American independence!

Competitive Enterprise Institute logo

Washington, DC, June 17, 2011 – The Competitive Enterprise Institute’s Center for Energy and Environment this week launches Resourceful Earth, a new project that will oppose political barriers to natural resource production. Resourceful Earth will take on campaigns by well-funded environmental pressure groups that abuse federal and state regulations and pursue endless lawsuits to block or hinder hardrock mines, coal mines, oil and gas drilling, timber production, farming, and ranching.

CEI’s new grassroots activist website, ResourcefulEarth.org, will educate and empower Americans to promote access to natural resources and oppose special interests that abuse the regulatory process to block new projects. The first two campaigns targeted by Resourceful Earth will be Earthworks’ No Dirty Gold, which opposes gold mining, and Oceana’s Stop the Drill, which opposes offshore oil.

Read more ……

Let me know if you are including an article on your blog so we can promote your blog post!

Thank you so much!

Beth Shaw
Resourceful Earth News
beth@resourcefulearthnews.org

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Posted in Economy, Environmentalism, Headlines, Misery Index, Regulation, unemployment | Comments Off on Together We Can Stop Environmental Pressure Groups from Killing Jobs and Prosperity!

Obama Boom: The Misery Index is at a 28 Year high

by Phantom Ace ( 7 Comments › )
Filed under Economy, Headlines, Misery Index, Regulation, unemployment at June 17th, 2011 - 2:14 pm

The Obama Boom clearly is retro 70’s. STagflation is all the rage again as wages decline and inflation rises. The Misery Index is back and has hit a new 28 year high.


When it comes to measuring the combination of unemployment and inflation, it doesn’t get much more miserable than this.

In fact, misery, as measured in the unofficial Misery Index that simply totals the unemployment and inflation rates, is at a 28-year high, reflective of how weak the economic recovery has been and how far there is to go.

The index, first compiled during the soaring inflation days of the 1970s by economist Arthur Okun, is registering a nausea-inducing 12.7—9.1 percent for unemployment and 3.6 percent for annualized inflation—a number not seen since 1983. The index has been above 10 since November 2009 and had been under double-digits from June 1993 through May 2008.

 

I wonder when Platform shoes and polyester suits will come back into style?

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Posted in Economy, Headlines, Misery Index, Regulation, unemployment | 7 Comments »

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