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The Obama Boom is back!

by Phantom Ace ( 333 Comments › )
Filed under Barack Obama, Democratic Party, Economy, Liberal Fascism, Misery Index, Progressives, Socialism, Tranzis at November 5th, 2010 - 2:00 pm

It’s back, just when you though the media had realized we are living in a 3rd world style stagnant economy they are proclaiming things are good. The US economy added 151,000 jobs in October. This number is just enough to keep up with population growth and is anemic compared to the 250,000-300,000 jobs that was create monthly during America’s economic golden age in the 80’s and 90’s. When Bush was in power, the press bashed him when 150,000 jobs were created monthly during the 2000’s. They claimed it was proof the economy was stagnant and sucked. Yet now, it’s a boom that is unprecedented in human history!

U.S. employment increased more than expected last month as private companies hired workers at the fastest pace since April, a sign the sluggish economy is starting to tick up.

Nonfarm payrolls rose a solid 151,000 in October, the first increase since May, the Labor Department said on Friday. A 159,000-jump in private employment more than offset a 8,000 drop in government payrolls.

[….]

“So it’s still within the realm of a moderate recovery. It’s both better than people had been looking for and it’s another nail in the coffin of a double dip,” said Nigel Gault, chief U.S. economist at IHS Global Insight in Lexington, Mass

Read the rest:  Economy Picks Up 151,000 Jobs, Rate Steadies at 9.6%

Happy days are here again! The economy is soaring and wealth is being created again! The reality is this is mediocre job growth and a stagnant economy. The Fed is printing $600 Billion to create inflation based demand. The problem is with stagnant and falling wages, this will erode American growth. This devaluation of the dollar is already creating anger overseas, especially with our debt owner China. It should create anger here because it will devalue our standard of living!

Don’t worry, the economy is booming, nothing to see here!

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Posted in Barack Obama, Democratic Party, Economy, Liberal Fascism, Misery Index, Progressives, Socialism, Tranzis | 333 Comments »

The Obama Boom feels like a recession

by Phantom Ace ( 138 Comments › )
Filed under Barack Obama, Democratic Party, Economy, Misery Index, Progressives, Regulation, Socialism at October 13th, 2010 - 11:30 am

The greatest economic comeback in the history of humanity, the Obama boom, has been a disappointment. The media was trumpeting that good times are here again and that we are back to 90’s style growth. The reality is this is the most anemic recovery in recent times. The American dream has turned into the American nightmare as the Porkulus leads to more debt and Obama’s cronies enriching themselves. Jobs are scarce , wages are falling and for the first time the younger generations will be worse off than the next. America is rapidly turning into an economic laughingstock as nations like India, Brazil, China, Chile and Germany are booming. Americans are fed up with the lies of a nonexistent economic rebound and are not seeing the benefits.

This is not what a recovery is supposed to look like.

In Atlanta, the Bank of America tower, the tallest in the Southeast, is nearly a fifth vacant, and bank officials just wrestled a rent cut from the developer. In Cherry Hill, N.J., 10 percent of the houses on the market are so-called short sales, in which sellers ask for less than they owe lenders. And in Arizona, in sun-blasted desert subdivisions, owners speak of hours cut, jobs lost and meals at soup kitchens.

Less than a month before November elections, the United States is mired in a grim New Normal that could last for years. That has policy makers, particularly the Federal Reserve, considering a range of ever more extreme measures, as noted in the minutes of its last meeting, released Tuesday. Call it recession or recovery, for tens of millions of Americans, there’s little difference.

Read the rest: Across the U.S., Long Recovery Looks Like Recession

The Progressive economic policies of Barack Hussein Obama have failed. The increased debt has put a burden on the economy as it’s a defacto tax increase. The more capital sucked out of the economy, the less available for private investment. We need to decrease the deficit and debt in order to get this economy rolling.

Argentina once was a dynamic economic power. It choose the Progressive path with Juan Peron and became the economic basket case it is today. Unless things change, America is going down that path of decline as well. This is unacceptable for America to be stagnant and we need to do something about it, before it’s too late.

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Posted in Barack Obama, Democratic Party, Economy, Misery Index, Progressives, Regulation, Socialism | 138 Comments »

20 years to recover job losses

by Phantom Ace ( 62 Comments › )
Filed under Barack Obama, Democratic Party, Economy, Misery Index, Progressives, Socialism at October 11th, 2010 - 8:30 am

A new report shows that at the current rate of job creation the economy will not recover the losses from the recession until 2020. The much heralded Obama boom is clearly a fairy tale invented by the media to prevent a collapse in the ratings of the President. It’s unacceptable that the nation which pioneered economic mobility will now have a 3rd world style stagnant economy. This will lead to a deterioration of American living standards and the death of the American dream.

The U.S. economy lost 95,000 jobs in September, far worse than expectations for no change in employment. More Census-related temp jobs ended, as expected, but state and local governments slashed staff far more than predicted.

So far in 2010, the U.S. has added just 613,000 jobs — for a monthly average of 68,111.

Employment bottomed in December 2009 at 129.588 million — two years after peaking at 137.951 million. At this year’s pace, the U.S. won’t recoup all those 8.36 million lost jobs* until March 2020 — 147 months after the December 2007 high.

Read the rest: U.S. Won’t Recover Lost Jobs Until March 2020 At Current Pace

Progressive government based policies have made the situation worse. The debt incurred by the Obama regime has put a shackle around the ankles of the economy. Every dollar borrowed by the government is money removed from the economy. American can and should do better, since we were at the forefront of market based economics. Now we are rapidly turning into a 3rd world nation.

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Posted in Barack Obama, Democratic Party, Economy, Misery Index, Progressives, Socialism | 62 Comments »

The Obama Boom loses 95,000 jobs

by Phantom Ace ( 161 Comments › )
Filed under Barack Obama, Economy, Elections 2010, Health Care, Healthcare, Progressives, Socialism at October 8th, 2010 - 11:40 am

The greatest economic recovery in history continues to beat expectations! The economy is roaring thanks to Obama’s Progressive policies and things have never been better.

This is what the media would love to spin before the midterm elections, but this is far from the truth.

The reality is we are in a stagnant economy that more resembles Japan in the 90’s than the US in that same decade or the 80’s. The media calls the jobs lost “more than expected“. The implication is that the economy should be booming. Progressives were hyping about a recovery, but there is none in sight. Private companies did hire 64,000 people but this is anemic and doesn’t keep up with population. It was also offset by the laying off of census workers.

Friday’s government report — the last major economic news before the midterm elections — showed the nation continued to lose jobs last month, reinforcing the bleak reality that it probably will be years — not months — before employment returns to pre-recession levels below 6 percent.

That tightens the pressure on Democrats ahead of the Nov. 2 elections. And it also casts a dark shadow well into the 2012 election season and beyond.

“We won’t see under 6 percent for five years,” David Wyss, chief economist at Standard & Poor’s in New York, said Friday after the Labor Department reported that 95,000 more jobs were lost in September and the unemployment rate held at 9.6 percent. “It’s going to be a slow recovery.”

Democrats, who now control the White House and both chambers of Congress, are sticking with a positive line: The economy is moving too slowly for anybody’s comfort, but Obama and his congressional Democratic allies have laid the groundwork for future prosperity. They are blaming the downturn on the policies of Republican George W. Bush’s eight-year presidency.

Read the rest: Jobs report is bad news for Democrats

The Obama Boom is a lie that has been exposed in recent months. The economy is not growing and companies are not hiring. Thanks to Obamacare, health care costs are sky rocketing thus preventing hiring. Obama’s Progressive policies have failed and it’s time to try real Conservative market based solutions. No matter how much the media lies, the American people are not buying it. Come Nov 2nd, there will be a real Obama boom. A boom for Republican candidates across the country.

Reporting live from Coldwarrior’s parents House in Northwest Pennsylvania…

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Posted in Barack Obama, Economy, Elections 2010, Health Care, Healthcare, Progressives, Socialism | 161 Comments »

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