Category Archives: unemployment

Successful Presidency Looks Like…

Successful Presidency

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Election Feedback From Canada — “When Done With Obama, Send Him Our Way!”

I understand the Canadian confusion. Our electorate does defy reason — and a whole lot of other things that suggest thoughtfulness.

Canada On Obama And Election

Click image to make larger if needed


Off With His Head — A Nation Profoundly Better Off Under Obama Rejected His Leadership At The Election Polls

Election-2W

In America last night, the election outcomes were not much of a surprise. Republicans did not so much as win, and Democrats did not so much as lose — though certainly it feels that way. No, instead, the election was a referendum on failed presidential leadership.

Though in almost every measurable way the American people are profoundly better off today than they were before President Obama took office, the American people soundly repudiated him yesterday in the election. Why?

Failure To Lead

The President never actually led the nation to feel hope during economic recovery, never made the people feel secure in a threatening world, never guided them confidently through the most major change in health care coverage, and finally never offered reassurance from a menacing and deadly virus seeping its way into the country. In other words, the voters lashed out against failed executive leadership.

As was so correctly said by a member of the Republican National Committee in an op-ed to businesspersons, “At the national level, disgusted and angry voters vented in a very direct way on President Barack Obama, taking their concerns to the ballot box… Contrary to a Republican self-proclaimed resurgence at the national level, the 2014 midterm elections were not as much validations of a Republican national agenda as repudiation” of President Obama’s leadership, or lack thereof.

On a night when Republicans were expected to do well, they did. Or, to be more accurate, on a night when Democrats were expected to do poorly, they did – losing in places they never expected to lose (like Iowa and Colorado) and slipping further and further behind in state capitols and legislatures around the country (including governorships in traditionally dark blue states like Maryland and Massachusetts).

Yet, across the nation progressive ballot initiatives passed easily, such as minimum wage increases, transportation tax initiatives, prison reform and decriminalization, marijuana legalization, and conservation programs, to name only a few.

Make no mistake, this election was transformed into a referendum on President Obama, and was not a movement against progressive causes or policies.

Notwithstanding the results, the Republican brand at the national level remains tarnished, and sustaining a governing majority for longer than a single election cycle will be a challenge unless changes continue to happen within the Republican Party itself, a moderation and appeal to reasonableness.

Significant Progress Obscured By Failed Leadership

Failed leadership does not mean “failed administration.” The sad aspect of the election reality and the disillusionment of the electorate is that so much has been accomplished by the Obama Administration and, yet, went unappreciated.

People have many perceptions of how the US economy or the country as a whole is doing in recent years. Depending on your political views, you may think the country is doing exceptionally well or on the verge of collapse. Even those knowing the nation has done very well in the last six years remained untethered and insecure due to the cold void created by a lack of reassuring communication and guiding leadership from the President.

Listed below are 14 objective facts, without interjecting any opinion, about the state of America under the leadership of President Obama. Each statement is followed up with a link to a source where you can verify these facts for yourself.

1. We’ve now had 63 straight months of economic expansion.
That’s right, for 63 consecutive months the US economy has gotten progressively better. That includes 54 consecutive months of private sector job growth. Forbes magazine, no fan of President Obama, crunched the numbers and demonstrated how the economic recovery under President Obama has been better in just about every measurable way than the recovery under President Reagan.

http://www.forbes.com/sites/adamhartung/2014/09/05/obama-outperforms-reagan-on-jobs-growth-and-investing/

2. We are currently enjoying the longest period of private sector job creation in American history.
Again, this statistic comes from the Forbes Magazine article listed above. In fact, we have now had 54 straight months of private sector job creation. That is the longest period of job creation since the Department of Labor has been keeping statistics. See the link below.

http://www.washingtonpost.com/blogs/fact-checker/wp/2014/09/15/obamas-claim-that-businesses-are-in-the-longest-uninterrupted-stretch-of-job-creation/

3. Unemployment has dropped from 10.1% in October of 2009 to 5.9% and projected to reach 5.4% by summer of 2015.
Not only has the unemployment rate dropped significantly, but since the recession ended, our economy as added over ten million new jobs. You can refer to the Forbes article above or check this article on PoliticsUSA.

http://www.politicususa.com/2014/09/05/jobs-report.html

4. The stock market continues to set new records since President Obama has been in office.
Since early 2009 there has been a steady trend in stock market growth. The Dow Jones Industrial averages reached an all-time high of 17,098 in August, 2014. Since most Americans have 401K retirement investments in the stock market, this stock market growth benefits millions of middle class Americans.

http://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years

5. The Federal budget deficit is shrinking. It’s been reduced by two-thirds since 2009.
The $1.4 trillion federal budget deficit that Obama inherited in 2009 was in a large part due to the high rate of unemployment. When millions of people were put out of work in 2008 and 2009, it resulted in far less income taxes and less economic activity to generate federal revenue. As ten million people have been put back to work, there have been billions more tax dollars generated. As a result, the deficit has been shrinking each year. The 2014 deficit is projected to be around $500 billion, the smallest deficit since 2007 and roughly 1/3 of what it was in 2009.
http://www.usgovernmentspending.com/federal_deficit_chart.html

6. Under President Obama, spending has increased only 1.4% annually, the lowest rate since Eisenhower was president.
You may have heard critics say that President Obama is spending money wildly and running up our debt. According to this article from Forbes, Obama has increased spending by 1.4% annually, far less than President Reagan (8.7%) or George W. Bush (8.1%). In fact, Obama has increased spending less than any president since Eisenhower.

http://www.forbes.com/sites/rickungar/2012/05/24/who-is-the-smallest-government-spender-since-eisenhower-would-you-believe-its-barack-obama/

7. For 95% of American taxpayers, income taxes are lower now than just about any time in the previous 50 years.
After President Obama took office, thousands of Tea Party members all over the country held rallies protesting Obama’s tax increases. At that time, President Obama had actually passed several tax cuts to stimulate the economy. Most of the Tea Partiers who were protesting had only seen their taxes decrease under Obama. Yet polls indicated that most Tea Party members wrongly believed their taxes had gone up.

In fact, the only people whose income taxes have gone up during Obama’s presidency are those making $400,000 per year or more. That’s less than 2% of the population. Today, for the vast majority of people, tax rates are exactly where they were when Obama first took office or lower. The article below from the Center on Budget and Policy Priorities explains this in greater detail.

http://www.cbpp.org/cms/?fa=view&id=3151

8. Our dependence on foreign oil has shrunk due to record domestic oil production and improved fuel efficiency standards.
While some people claim that oil production has declined under President Obama, the truth is just the opposite. Oil production has reached record highs. The United States now produces so much oil that we export more oil and gasoline than we import.

http://www.indexmundi.com/g/g.aspx?c=us&v=88

9. Up to 10 million more Americans now have health insurance than before.
Depending on whose numbers you use, between 7 and 10 million Americans acquired health insurance due to the Affordable Care Act. Now that those 7 to 10 million Americans have insurance, the rest of us are no longer on the hook to pay for their health care when they get sick. This saves the American people billions of dollars in the long run.

http://www.nbcnews.com/health/health-care/obamacare-helped-10-million-get-insurance-gallup-finds-n78446

10. The Affordable Care Act has added years to the life of Medicare.
The Medicare trust fund had been on course to run out of money by the end of 2016. But due to cost savings from the Affordable Care Act and lower healthcare expenses, Medicare’s trust fund is now stable until the year 2030 without cutting benefits.

http://online.wsj.com/articles/medicare-social-security-headed-in-different-directions-1406564712

11. Since passage of the Affordable Care Act, we are seeing the slowest rate of increase in healthcare costs since 1960.
Contrary to the predictions from Republicans, health care costs have increased at a much slower pace since the passage of the ACA.

http://www.whitehouse.gov/sites/default/files/docs/healthcostreport_final_noembargo_v2.pdf

12. We currently have fewer soldiers, sailors and airmen in war zones than any time in over 10 years.
With the end of the Iraq war and the steady withdrawal of troops from Afghanistan, we have fewer people in war zones now than any time since 2002.

13. There have been zero successful attacks by al Qaeda on US soil since Obama became president.
Despite Dick Cheney’s claim that if voters elect a Democrat as president, we’ll be “hit again and hit hard” by al Qaeda, we have actually been far safer from terrorist attacks on US soil in recent years than we were under the previous president. There have been several unsuccessful attacks against the US under both presidents, but under Obama, al Qaeda has been largely unsuccessful in striking the US on our home soil.

http://en.wikipedia.org/wiki/Timeline_of_al-Qaeda_attacks

14. We now successfully catch and deport more illegal immigrants than ever before.
Despite the publicity from busloads of children who illegally entered the country, the numbers prove that President Obama has deported more illegal immigrants than any other president.

http://www.politifact.com/truth-o-meter/statements/2012/aug/10/american-principles-action/has-barack-obama-deported-more-people-any-other-pr/

Reality Doesn’t Matter When The People Feel No Reassuring Hand Of Leadership

All of the facts stated above can be confirmed through multiple sources, yet most Americans are not consciously aware of all of this positive news; they don’t feel it, either. That’s what happens when the reassuring hand and voice of leadership are absent. Cold and stark reality offer no warmth and comfort to a concerned and disquieted nation.

The numerous achievements of the administration, cited above, resulting from the last six year’s work were an outstanding achievement. But, the people were never helped to feel secure and hopeful along the way. What they know is that they read or hear about this great economic and stock market performance, yet they don’t have much more, if any more, income than they used to have and don’t feel secure or hopeful about future improvement.

There’s an underlying truth or reason for that feeling… because the top 10% has received 98% of the income growth over the recovery (and 95% of 2009-2012 Income Gains Went to Wealthiest 1% — check the Wall Street Journal). That reality didn’t start with Obama. Even when times were good before the crash, “the people” were falling further behind the elites: according to the Congressional Research Service, the nonpartisan policy analysis arm of Congress, “The poorest tax filers (the bottom fifth) saw average after-tax income fall by 6 percent between 1996 and 2006,” the report said. While “the richest 1 percent of tax filers experienced a 74 percent increase in after-tax income.”

All the people know and feel is that they are not as better off compared to the great achievement numbers talked about. And they blamed the man in charge who never got close to them, never led them.

The GOP basically destroyed the country under W. Bush, continue(d) to foster a system that skews wealth and income away from the middle-class (favoring capital gains and interest income over earned income), and then blamed it on the President who sat by almost silently.

The truth is, most other presidents would envy President Obama’s performance record despite the fact that he inherited the worst economic crash since the Great Depression. If only Obama had the reassuring and warm-yet-strong leadership skills of Reagan or Clinton, last night’s election results would have been dramatically different.

But, no other modern President received as cold an introduction to his office as Obama, either. He had to develop thick skin immediately. Perhaps that isolated him from the feelings and concerns of the people as much as it did protect him from the vitriol of those who opposed him, in either case not serving him well in the end.

obama-newser_custom-bc4763dba135be8874a2abb8216e6bd919ff16e0-s4-c85

Profoundly Better Off Under Obama — An Ungrateful Nation?

Consider, as well, these additional facts forgotten or overlooked by the electorate… An Ungrateful Nation?

  1. Since Obama became president, our economy has gone from losing 800,000 jobs per month to adding 200,000 jobs per month. That’s a net improvement under Obama of about 1 million jobs per month!
  2. Before Obama became president, our financial system was in ruins and millions of people were at risk of losing their life savings. Now, the financial loopholes have been fixed and we are no longer at risk of another financial collapse.
  3. In 5 years under Obama the economy has created twice as many jobs as were created in 8 years under George W. Bush.
  4. President Obama passed credit card reforms that protects consumers from excessive fees, rate hikes, deceptive marketing and unreasonable due dates.
  5. Thanks to “Obamacare”, senior citizens have saved billions of dollars on prescription drugs.
  6. The Affordable Care Act requires insurance companies to spend at least 80% of your premiums on health care. As a result millions of Americans have received refunds from their health insurance companies.
  7. Despite the unprecedented obstructionism and record number of filibusters used by Republicans to kill even the most routine legislation, the fact remains, in almost every measurable way, the American people are profoundly better off today than they were before President Obama took office.

Still, said the Nation… Off with his head!

offwithhishead.jpg


U.S. Employment: Back To The Start… Finally!

The United States economy has finally recovered all the jobs lost during the Great Recession!

The feat took 51 months from the depth of job loses to do so… but finally.

The Great Recession was characterized by the most massive job losses and the longest time to recover those jobs since the Depression.

Let’s all be thankful (even those who don’t recognize that they should be thankful) that “Tea Partier” economics did not prevail during the recovery, or we would be suffering through Europe’s current fate, where a reliance upon conservative-austerity financial and monetary policies still mire the great EU in misery and stagnation plus 10-26% unemployment rates.

EmployRecMay2014.1

The economy has added 9.4 million private sector jobs since employment bottomed in February 2010 (8.8 million total jobs added when including all the public sector layoffs).

There are 617 thousand more private sector jobs now than when the recession started in 2007, and total employment is now 98 thousand above the pre-recession peak.

Raise your glass in a toast to stimulus spending and expansionary monetary policy! Keynes, where ya’ at, buddy?


Individualism, Libertarianism, Paul Ryan & His Ayn Rand Love Affair

Oh my goodness… Republicans are attempting to rebrand themselves as compassionate conservatives (again)… shades of George W. Bush. “Compassionate conservatism” as a theme and rallying cry seem to arise after Republicans have taken rhetoric to such an extreme that the country is disgusted and the party fears citizens will push them and their nasty ideology of unbridled greed and hate aside. George W. Bush famously resorted to the term campaigning for president after Republicans disgraced themselves with anti-Clinton conspiracy theories, witch hunts, and the unpopular impeachment.

Of course, Bush is better known for wasting trillions of dollars and killing more than a hundred-thousand lives in Iraq, failing citizens injured during Katrina, and the financial collapse of the U.S. and world economies.

And now we have a budget “deal,” courtesy of Paul Ryan, that drops unemployment benefits for 1.3 million long-term unemployed. Earlier, Senator Rand Paul said helping the unemployed does them a “disservice” because it keeps them from getting jobs.

CCoftheweek.jpg~originalSo now it’s Paul Ryan’s turn to claim the mantle of “compassionate conservatism” and attempt to rehabilitate the reputation of Republicans. But really, Paul Ryan… Compassionate?

Last month the Washington Post published, “Paul Ryan, GOP’s budget architect, sets his sights on fighting poverty and winning minds,” and portrayed Ryan as attempting to steer Republicans away from the angry Tea Party and toward a “more inclusive vision.” Right. The Paul Ryan of the infamous “Ryan Budget” — also called the “Path to Prosperity” and passed by House Republicans — that privatizes Medicare, repeals Wall Street regulation, wipes out student loan programs, repeals Obamacare, guts Social Security, and dramatically reduces taxes for the “deserving” wealthy and corporations.

That Paul Ryan hardly seems “compassionate” — well not to those who actually want to see all citizens doing better, and at least not toward anyone making less than half a million a year.

One need only seek the source of Ryan’s personal philosophical motivation (his love affair) to understand his deep psychological dysfunction and the reason why he can create such absurd rationalization’s for his priorities. Ryan said it himself, “[T]he reason I got involved in public service, by and large, if I had to credit one thinker, one person, it would be Ayn Rand.”

Who is Ayn Rand, and what is the philosophy of this person Ryan calls a “thinker?”

379174_10151238232336275_143212049_n copy

Ayn Rand’s philosophy actually says it is not only bad for society, but morally wrong to help other people because it makes them “dependent” — sound like familiar rhetoric? Rand’s philosophy says that,

  • altruism is evil, and that…
  • democracy (which they call “collectivism”) is the ultimate expression of this evil because it brings about a society in which government works to make people’s lives better.

Rand’s, Ryan’s, and current Republican philosophy says that,

  • “individualism” — looking out for oneself only—is the moral principle that should rule society, not democracy…
  • a “utopia of greed” is most humanly liberating… I suppose they might better claim it’s “compassionate greed,”
  • there are but a few “producers” or “makers,” and the rest of citizens are “parasites” or “takers” who live off of the producers,
  • Collectivism, or democracy, is bad because the many underserving takers can vote to do things like make the producers pay taxes so regular people can live better.

I’m sure there must be a few ways Paul Ryan and the Republicans can form a philosophy of “compassionate conservatism” out of their core belief that altruism and democracy are not just wrong for people and society, but are actually evil. And, I’m sure some citizens will fall for the ploy. Recall that many slaves during the Civil War supported the South, and even after, refused to leave their plantations.

But here is what compassionate conservatives like Ryan intend in the pursuit of “Randian” Liberty…

  • they say that giving the big corporations more tax breaks, subsidies, no-bid contracts, etc. will load them up with so much money that they will just have to use some of it to hire people… eventually, and…
  • when they say they want to overhaul federal health and retirement programs they mean
    • cut Medicare (healthcare for the elderly),
    • cut Medicaid (healthcare for the poor),
    • eliminate Obamacare (healthcare for the rest of us) and
    • destroy Social Security (retirement)

Nice.

And compassionate.

An evergreen Republican mantra is that government is too big, so it must be cut. What they mean by this is not cutting the huge, bloated, astronomical, sky-high military budget (we spend more on weapons and preparing for destruction than all other nations combined). They mean they want to cut out the things government does to make our lives better, like assistance for the needy, sick, disabled, elderly and unemployed. And get rid of the minimum wage, child labor laws, equal pay for women, workplace safety rules, etc.

compassionate-conservatism-shrink-govt

So, “Compassionate Conservatism” is a euphemism for Libertarian Individualism that enshrines destruction of society, the commons, the middle-class, and then purchases only further means of destruction through a vast and powerful military power.

Frankly, I only see psychological dysfunction in any of this, in the Libertarian philosophy. I wonder what depravity in formative years leads to such a condition?

Quite the love affair with Ayn Rand utopianism. God help us all.

Compassionate-Conservatism


1984: The Year Income Equitability Began To Die In The U.S.

Today, I watched a market analyst’s presentation regarding retailer performance this holiday season. What stood out dramatically was the difficulty those retailers were experiencing who cater to middle Americans (GAP, Abercrombie & Fitch, Aeropostale, etc — with the noted exception of “trend” retailers catering to “teen” markets with high style, cheap products: H&M, Forever 21, etc.) while those retailers catering to the upper 5% of society were performing remarkably well.

Why the disparity? How’s that happen? Get used to it… this is your future:

Income Chart

1984 was the year America’s inequality trend began in earnest. 1984 is the year the future for most Americans diminished. 1984 is the year any hope of income equitability died.

So how is it that the U.S. income gap has grown large enough for us to claim the title of worst inequality in the developed world? Here are a few of the many explanations:

1. Tax Cuts For The Rich:

Many of the spikes in the chart correspond with periods when the government slashed taxes on the rich. As the Center for American Progress notes, Ronald Reagan’s early 1980s tax reforms helped to increase income inequality.

The same thing happened in the late 1990s when Bill Clinton passed a tax cut on capital gains, or investment income, which rich people are more likely to have than ordinary Americans. And then it happened again when George W. Bush cut the top marginal tax rates in 2001 and 2003.

Altogether, about 30 percent of the expansion of the after-tax income gap between 1979 and 2007 was due to tax and budget policies becoming less progressive, according to a June analysis from the Economic Policy Institute.

2. Corporate Profits & Executive Pay Soar:

Over the past several years corporate profits — which go in large part to rich investors — have soared to the point where they now make up the highest share of the economy on record. And over the last several decades, CEO pay also skyrocketed. The result: The ratio between CEO and average worker pay ballooned by roughly 1,000 percent since 1950.

3. Workers’ Wages Decoupled From Productivity Growth:

In the 1960s workers and their families used to be able to live above the poverty line on a minimum wage income. But now, that’s no longer the case, according to EPI. In fact, if the minimum wage had kept up with boosts in worker productivity over the past several decades it would be $18.30, according to EPI. That’s more than double the current minimum wage of $7.25.

Part of the reason workers have had a tougher time securing higher wages in recent years is because of a marked decline in unionization. Drops in union membership typically correspond with growth in income inequality, research finds.


When Does The Revolution Start? — Tea Party Terrorists & Dysfunctional Brats

When does the revolution* start? So over anti-democracy anarchists.

We had an election. You lost by 5 million votes. You are behaving like dysfunctional brats.

“You don’t get to hold the entire economy, the entire country, hostage, because you don’t like the outcome of the election,” Sen. Elizabeth Warren correctly said about Tea Party Congresspersons — henceforth known as Congressional Terrorists.

The Affordable Care Act was passed by both houses of Congress, signed into law by President Obama, was given the American People’s’ endorsement by President Obama’s resounding electoral victory and seat pick ups in the House and Senate in 2012, and was upheld by the US Supreme Court.

Every branch of the government has spoken, as have American voters.

Despite this, a dangerous and menacing wing of the Republican Party serves as puppet master over a weak and ineffective Speaker John Boehner, bringing the US Government to a grinding halt. As a result, 800,000 federal employees are placed on furlough and one million are asked to work for no pay.

This is the price the Tea Party (American Taliban) believes is acceptable for the country to pay to appease their fundamentalist beliefs that destruction is progress and that democracy only counts when it’s their opinions and options considered.

We no longer deserve democracy if citizens don’t metaphorically* storm congress and remove all Tea Party members’ power and effectively make those seats vacant. US citizens should take control now and reinforce their electoral voices by raising their voices, since elections are clearly not respected and clearly have no weight of their own. Rather than voting and expecting our representatives to civilly and respectfully do our — The People’s — business, is this our only hope of expelling the Congressional Terrorists?

No concern is in the thoughts of these congressional terrorists about the lives they are illegitimately harming. That said, worse on a larger point is that this behavior of Tea Party Terrorists is paralyzing democracy.

You know what, difference of opinion is great, so are strong and vocal opinion (that captures me), but what is wrong is when you halt the course of the nation’s business and say it’s the will of the American People. For God sake, we just had a multi-billion dollar national election. If The American People hated the American Care Act as much as the subversives hate it and Obama, then they would have spoken their voices at the election polls. What happened, instead?

Obama won a second term with a massive electoral margin. Democrats picked up more seats in the Senate. And Democrats picked up more seats in the House (this after a hugely gerrymandered redistricting around the nation based upon the latest census and favors Republicans). The American People spoke alright, and they endorsed the President and gave Dems more seats in government.

To act as they do now, radical conservatives want to nullify a ten month old national election.

The Tea Party Terrorists and the Republican Party are anti-democracy.

This point of contention has nothing to do with opinions or whether the ACA is good or bad.

It’s about supporting or subverting democracy and respecting civil order.

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