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Posts Tagged ‘Economy’

Great Job Numbers under Trump

Posted by FactReal on November 5, 2018

Investor’s Business Daily reported last Friday, Nov. 2, 2018:

October’s jobs numbers were real humdingers. Not only did companies hire 250,000 workers, but unemployment remained at 3.7%, a 50-year low, for the second month running. Some 711,000 people rejoined the workforce during the month. The total number of Americans employed, now at 156.562 million, also set another record. And no major industry cut jobs last month. None.

Today, as we noted recently, there are some 7.1 million job openings, but just over 6 million unemployed. There are in fact more jobs now than there are job-seeking workers to fill them. That’s something that’s never happened before. […]

If you’re a factory worker, these are the best times in years. Indeed, since Trump entered office, 19,000 new factory jobs have been added every month. In the previous four years, the average was 8,000 a month. […]

In October, the unemployment rate for Hispanic-Americans stood at just 4.4%. Go ahead and look back at the records. It’s never been that low before.

Read full article:
https://www.investors.com/politics/editorials/deplorables-boom-jobs/

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OBAMA 2011: Wanted Sequester Cuts. OBAMA 2013: Against Them (Video)

Posted by FactReal on February 19, 2013

OBA-MANIPULATION
2011 Obama defends automatic spending cuts (Nov. 21, 2011):
“Already some in Congress are trying to undo these automatic spending cuts. My message to them is simple: No.” “I will veto any effort to get rid of those automatic spending cuts to domestic and defense spending.”

2013 Obama predicts Armageddon if sequester cuts go through (Feb. 19, 2013):
“So these cuts are not smart. They are not fair. They will hurt our economy. They will add hundreds of thousands of Americans to the unemployment rolls. This is not an abstraction — people will lose their jobs.”

(H/t: TheRightScoop.com)
RELATED
Mark Levin exposes a WASTELAND of govt overspending while Obama LIES to your face saying we can’t cut spending
Hannity Mocks Obama’s Melodramatic ‘Mayan Sequester Apocalypse’ (Video)

Posted in Economy/ Finance, Left, Obama | Tagged: , , , , , , , , , | Leave a Comment »

Obama’s is the Worst Economic Recovery in History (Graph, GDP Data)

Posted by FactReal on February 16, 2013

“Obama has presided over the worst multi-year recovery in American history since the end of World War II,” CNSNews found using public economic data. During Obama’s so-called economic recovery, the economy grew only 7.5% while other post-recession periods saw double-digit growth from 11.7% to 51.2%.

“From the end of the last recession in June 2009 until the fourth quarter of 2012, the economy grew only 7.5 percent, increasing from $12.7 trillion to $13.6 trillion,” explains CNSNews.

We prepared graphs and tables to illustrate how weak Obama’s economic recovery has been.
(Sources: Gross Domestic Product (GDP) since 1949 and NBER’s List of U.S. Recessions.)

ObamaRecoveryGDP
RECESSION PERIODS
(A recession/contraction is a period between a peak and a trough — see graph below.)

Officially, the last recession lasted from December 2007 to June 2009.

Start
(Peak)
End
(Trough)
Duration
(# months)
1948 Nov 1949 Oct 11
1953 July 1954 May 10
1957 Aug 1958 Apr 8
1960 Apr 1961 Feb 10
1969 Dec 1970 Nov 11
1973 Nov 1975 Mar 16
1981 July 1982 Nov 16
1990 July 1991 Mar 8
2001 Mar 2001 Nov 8
2007 Dec 2009 June 18
RECOVERY/POST-RECESSION PERIODS
(An expansion is a period between a trough and a peak — see graph below.)

Obama’s economic recovery is the worst multi-year recovery when compared with double-digit growth in other post-recession periods.

During Obama’s economic recovery (from the second quarter of 2009 until the fourth quarter of 2012), the economy grew only 7.5 percent, increasing from $12.7 trillion to $13.6 trillion.

Start
(Trough)
GDP
($ Billions)
1949-10-01 $1,838.7
1954-04-01 $2,306.4
1958-04-01 $2,534.5
1961-01-01 $2,816.9
1970-10-01 $4,253.0
1975-01-01 $4,791.2
1982-10-01 $5,866.0
1991-01-01 $7,943.4
2001-10-01 $11,370.0
2009-04-01 $12,701.0
End
(Peak)
GDP
($ Billions)
1953-07-01 $2,351.8
1957-07-01 $2,616.6
1960-04-01 $2,832.0
1969-10-01 $4,259.6
1973-10-01 $4,948.8
1979-10-01 $5,884.5
1990-07-01 $8,052.6
2001-01-01 $11,287.8
2007-10-01 $13,326.0
2012-10-01 $13,647.6
% Economic
Growth
Duration
(# months)
27.9% 45
13.4% 40
11.7% 24
51.2% 106
16.4% 36
22.8% 58
37.3% 92
42.1% 120
17.2% 62
7.5% 42
Business Cycle
NOTE
The early 1980s post-recession period lasted just 12 months (from July 1980 to July 1981.)

SOURCES
Obama’s economic recovery the worst multi-year recovery since WWII

Real Gross Domestic Product (1949 – 2012)

National Bureau of Economic Research
●http://www.nber.org/cycles/cyclesmain.html

Bureau of Economic Analysis
●http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1#reqid=9&step=1&isuri=1

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Viral Vid: In front of Obama, Dr. Carson Slams Obamacare, US Debt, Political Correctness…

Posted by FactReal on February 9, 2013

In front of the Obamas, renowned neurosurgeon Dr. Benjamin Carson gave a great speech at Thursday’s Annual National Prayer Breakfast where he railed against Obamacare, political correctness, poor education, death panels, moral decay, taxes, America’s current fiscal policy, etc. Carson offered solutions as well. As alternative to Obamacare, Carson proposed a program where newborn babies are given health savings account.

Dr. Benjamin Carson’s Amazing Speech at the National Prayer Breakfast (2/7/2013)

Other video source: Here, and here.
HIGHLIGHTS FROM DR. CARSON’S SPEECH

Dr. Carson spoke about the U.S. debt:

One of our big problems right now … our deficit is our a big problem … Our national debt, 16 and a half trillion dollars — you think that’s not a lot of money? Count one number per second, … you know how long it would take to count to one trillion — 507,000 years!

Dr. Carson talked about a simpler taxation system:

What we need to do is come up with something that’s simple. And when I pick up my Bible, you know what I see? I see the fairest individual in the universe — God — and he’s given us a system. It’s called a tithe.

We don’t necessarily have to do 10% but it’s the principle. He didn’t say if your crops fail, don’t give me any tithe. He didn’t say if you have a bumper crop, give me triple tithe. So there must be something inherently fair about proportionality. You make $10 billion, you put in a billion. You make $10 you put in one. Of course, you’ve got to get rid of the loopholes. Some people say, ‘Well that’s not fair because it doesn’t hurt the guy who made $10 billion as much as the guy who made 10.’ Where does it say you’ve got to hurt the guy? He just put a billion dollars in the pot. We don’t need to hurt him. It’s that kind of thinking that has resulted in 602 banks in the Cayman Islands. That money needs to be back here building our infrastructure and creating jobs.

Dr. Carson proposed an alternative to ObamaCare:

Here’s my solution: When a person is born, give him a birth certificate, an electronic medical record, and a health savings account to which money can be contributed — pretax — from the time you’re born ’til the time you die. When you die, you can pass it on to your family members, so that when you’re 85 years old and you got six diseases, you’re not trying to spend up everything. You’re happy to pass it on and there’s nobody talking about death panels. Number one.

And also, for the people who were indigent who don’t have any money we can make contributions to their HSA each month because we already have this huge pot of money. Instead of sending it to some bureaucracy, let’s put it in their HSAs. Now they have some control over their own health care.

Dr. Carson Tells Hannity Why He Spoke Out Against Obama’s Policies To Obama’s Face
(2/8/2013)
Other video source: Here.
MORE
7 Fascinating Facts about Dr. Carson
Dr. Ben Carson’s life was dramatized in the 2009 film ‘Gifted Hands’
Dr. Ben Carson on Impact of ObamaCare on Patients (Video) (Nov 15, 2012)
Dr. Ben Carson’s Speech on America’s current social and political landscape (Video) (Feb 24, 2012)
Dr. Ben Carson’s Interview with Robert H. Schuller at Crystal Cathedral Ministries (Video) (2009?)
White House hang up on Dr. Carson because he is an Independent, not a Democrat (Jul 05, 2012)

Posted in Economy/ Finance, Healthcare, History/ Heritage, Obama, Religion, Right | Tagged: , , , , , , , , | Leave a Comment »

ObamaCare/FDA to Supermarkets: Jail Time or Food-Labeling

Posted by FactReal on February 6, 2013

USING OBAMACARE, THE FDA PROPOSES NEW FOOD LABELING RULE
Penalty: Jail time and thousands of dollars worth of fines.
Costs: $1 billion cost per year for grocery stores; higher prices for consumers

But remember it’s all for “your own good”…because “government knows best.”

Shannon Bream reported today:

If the Food and Drug Administration gets its way, your trip to the grocery  store could get a tad pricier.

Supermarket owners argue a pending federal food-labeling rule that stems from  the new health care law would overburden thousands of grocers and convenience  store owners — to the tune of $1 billion in the first year alone. […]

The rule stems from an ObamaCare mandate that restaurants provide nutrition  information on menus. Most in the restaurant industry were supportive of the  idea, but when the FDA decided to extend the provision to also affect thousands  of supermarkets and convenience stores, the backlash was swift.

The proposed regulation would require store owners to label prepared, unpackaged foods found in salad bars and food bars, soups and bakery items. Erik  Lieberman, regulatory counsel at the Food Marketing Institute, said testing  foods for nutritional data will require either expensive software or even more costly off-site laboratory assessments.

Lieberman said failure to get it right comes with stiff penalties: “If  you get it wrong, it’s a federal crime, and you could face jail time and thousands of dollars worth of fines.”

(Click link or image below to watch video)

Video: Regulation in ObamaCare Will Impact Grocery Store Food Items
Via Fox News, January 27, 2013

FDAnewRules4Supermarkets
Highlights from the video:
Erik Lieberman, regulatory counsel at the Food Marketing Institute, and Shannon Bream explain:

“This is a federal regulation — in proposed stage right now — that stems from the health care law [ObamaCare] and basically says that supermarkets are going to have to label all kinds of foods.”

“If you don’t label it, supermarkets face thousands of dollars worth of fines and executives supermarkets could be put in federal jails.”

You can go to jail if you don’t label the foods correctly under this federal regulation.”

“And this is a sweeping regulation that affects thousands of items in the supermarket.”

“Because of this we could see a number of items going away and I can guarantee you that shoppers are going to see higher prices at the register.”

“There’s not a single study out there which shows that labeling reduces obesity rates.”

“We’ve estimated that it would be $1 billion dollars worth of burden in the first year alone.”

“This is a huge burden. Before we sell an item — like this apple pie — we have to send it to a laboratory for analysis, we have to compile eight different records on the item, we have to put that sign up there which says 300 calories.”

“We have to invest a lot of money to do this and this is money that we’re not investing in creating jobs or developing our stores and — savings that we can’t pass on to consumers.”

“If you don’t get it right someone’s going to jail.”

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Obama’s 160-Page Rule to Ban Soda & Candy in Schools

Posted by FactReal on February 5, 2013

OBAMA ISSUES MORE PROHIBITIONS…FOR YOU
The Obamas don’t want your kids to eat junk food or drink sodas, because they know better than you what’s best for your children.
ObamasSodasJunkFood
The Hill has the story of Obama’s proposed ban on school snacks:

The Obama administration proposed regulations Friday that would prohibit U.S. schools from selling unhealthy snacks.

The 160-page regulation from the Department of Agriculture (USDA) would enact nutrition standards for “competitive” foods not included in the official school meal.

In practice, the proposed rules would replace traditional potato chips with baked versions and candy with granola. Regular soda is out, though high-schoolers may have access to diet versions. […]

The rules are a product of the 2010 Healthy, Hunger-Free Kids Act, which also overhauled the nutritional make-up of regular school meals. They would apply to any school, public or private, that participates in the National School Lunch Program and the School Breakfast Program. […]

All snacks must also meet a range of calorie and nutrition requirements, such as limits on sodium, total sugar and calories from fat, with few exceptions.

The rules states that all schools may sell water, low-fat and fat-free milks and milk alternatives and 100-percent fruit and vegetable juices, with portion sizes varying by student age.

But don’t worry – King Obama will allow you to keep these God-given freedoms:

High schools will also be permitted to sell carbonated beverages, as long as they contain five calories or less per serving.

Officials noted that the proposed rules will not apply to birthday treats, snacks provided during after-school activities, or student-brought foods.

SOURCES
Media Report:

●http://thehill.com/blogs/healthwatch/nutrition/280613-soda-candy-out-under-proposed-school-snack-rules

USDA 160-page regulation: (Issued on February 1, 2013)
●http://www.fns.usda.gov/cga/020113-snacks.pdf

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