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Posts Tagged ‘The Obama Boom’

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The Obama Boom: US factory Orders fall

by Phantom Ace ( 1 Comment › )
Filed under Business, Economy, Headlines at August 2nd, 2012 - 3:30 pm

The Obama Regime has bragged about factories driving the so called Obama Boom. Well even this talking point is turning into a lie. Factory orders fell in June fell .5%. As usual, the media says this is unexpected and down play it to not make the god-king look bad.

New orders for U.S. factory goods unexpectedly fell in June, a fresh sign that the slowdown in the country’s manufacturing sector likely would stretch into the second half of the year.

The Commerce Department said on Thursday new orders for manufactured goods dropped 0.5 percent during the month.

Economists in a Reuters poll had forecast orders rising 0.5 percent.

American factories appear to be one of the country’s more vulnerable sectors to Europe’s festering debt crisis.

The trend in U.S. manufacturing has appeared softer and has added to concerns the economic recovery is losing steam. The decline in new orders in June likely means softer output down the road, which could weigh on economic growth.

[….]

New orders have now declined in three of the last four months.

I have no clue what recovery this article is talking about. The truth is we are ina  depression and no amount of spin or lies will change that reality.

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Posted in Business, Economy, Headlines | 1 Comment »

The Obama Boom: Retail sales fall for 3rd straight month

by Phantom Ace Comments Off on The Obama Boom: Retail sales fall for 3rd straight month
Filed under Business, Economy, Headlines at July 16th, 2012 - 10:36 am

The great Obama recovery which has brought unprecedented prosperity to America continues to show signs of crisis. For the 3rd straight month retail sales fell in June.

U.S. retail sales fell for a third straight month in June as demand slumped for everything from cars and electronics to building materials, a sign the economic recovery is flagging.

Retail sales slipped 0.5 percent, the Commerce Department said on Monday.

It was the first time sales had dropped in three consecutive months since late 2008, when the economy was still mired in a deep recession. Analysts polled by Reuters had expected retail sales to rise 0.2 percent.

“Evidence is increasingly clear that the U.S. economy is slowing,” said Jim Baird, an investment strategist at Plante Moran Financial Advisors in Kalamazoo, Mich.

Obama will demagogue consumers for not shopping!

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Posted in Business, Economy, Headlines | Comments Off on The Obama Boom: Retail sales fall for 3rd straight month

The Obama Boom: 80,000 jobs created in June and the unemployment rate stays at 8.2%

by Phantom Ace ( 179 Comments › )
Filed under Barack Obama, Economy, Misery Index, Progressives, unemployment at July 6th, 2012 - 11:30 am

The mythical Obama Boom continues to leave economic damage in its wake. Just 80,000 jobs were created in the month of June. The unemployment rate stayed at 8.2% and the U-6 rate is up to 14.9%. This more evidence that the economy is in a stagnant state. Despite this bad news the media is still trying to spin this report as a positive to prop up their Galactic essential Pharaoh.

WASHINGTON (AP) — U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is still struggling three years after the recession ended.

The unemployment rate was unchanged at 8.2 percent, the Labor Department said in its report Friday.

The economy added an average of just 75,000 jobs a month in the April-June quarter. That’s one-third of the 226,000 a month created in the first quarter. Through the first six months of the year, job creation is also trailing last year’s pace.

“It’s a disappointing report,” said George Mokrzan, director of economics at Huntington National Bank in Columbus, Ohio.

[….]

There were some good signs in the report. The average work week grew to 34.5 hours from 34.4 in May, boosting many workers’ paychecks. And average hourly pay rose 6 cents to $23.50. Hourly pay has increased 2 percent in the past year and is ahead of inflation, which has fallen in recent months along with gas prices.

Ok, I could not stop laughing at this! 2% is good wage growth? Ha ha ha ha ha ha ha aha, They really are trying to prop up Obama. The media can’t like about this fact.

About one-third of the jobs gained in June were in temporary services.

1/3 of the new jobs are temporary. This shows bushiness are not confident enough to hire permanent workers. No matter how much the media lies and spins, the economy sucks.

Its amazing that despite these bleak numbers, Obama has an average 47.6% approval rating. This shows the power of the media and entertainment industries efforts at propping up Obama and his cult like hold on people. Too many Conservatives dismiss Obama’s poll numbers, but they are doing so at their own peril. Obama is not a normal politician, he is a symbol. The mistake the Romney campaign is making is not going after Obama the god-king symbol. To defeat Obama, his godhood needs to be stripped and turned into an object of ridicule. Bad economic news alone will not unseat the Pharaoh. Obama the symbol needs to be destroyed.

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Posted in Barack Obama, Economy, Misery Index, Progressives, unemployment | 179 Comments »

The Coming Obama Bust

by Phantom Ace ( 6 Comments › )
Filed under Business, Economy, Misery Index, Special Report, unemployment at June 26th, 2012 - 2:00 pm

The Obama Boom myth is rapidly being exposed as a lie. The Federal Reserves money pumping hid the rot in the economy the last 3 years. The media heralded the economy as one of the best ever. When there was mediocre economic growth, they celebrated as if it was a 90’s/80’s boom times. Bad news they dismissed as unexpected. Last week Moody’s downgraded 15 banks, signaling the economy is sitting on a  house of cards. Another downturn is on its way.

As President Obama and Republican challenger Mitt Romney get set for what’s likely to be among the most negative presidential campaigns in recent history, each man should ask himself if he really wants to win — because he’ll almost certainly face the grim prospect of another recession.

Sure, it’s always difficult predicting the economic future; that just a couple months ago we all thought (including me on these pages) that we were heading for a sustained recovery, as job growth seemed to have picked up steam and most financial gurus predicted that it was just a matter of time before the strong data translated into meaningful wages and a more vibrant economy.

[….]

ut now we see just the opposite, at least according to the latest data, and the prediction a slew of market strategists and investors made to me even before last week’s round of bank “downgrades” by the raters at Moody’s Investors Service.Our low growth and jobs woes can be traced to a number of factors, of course — from Europe’s mess and China’s slowdown to the ongoing assault of higher taxes and increased regulations at the heart of Obama’s economic agenda.

Bottom line: We only limped out of recession, and the limp’s been getting worse the last few months. Now the Moody’s actions might just be the final straw that pushes a barely growing economy into negative territory.

The Obama Bust is on its way. No amount of spin can hide the truth. The question is whether it matters at all to the American voters.
Looking at the latest polls, Obama is still running even with Romney. Clearly, there is a large segment of America that The Sun King has a hold on. Obama is a symbol and too many on the Right can’t grasp this.  We have a cult of personality in charge and this is dangerous.  Further economic deterioration might not matter to people who view Obama as a Divine Pharaoh. Lets hope as I expect most Americans vote this pocketbook.

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Posted in Business, Economy, Misery Index, Special Report, unemployment | 6 Comments »

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