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Archive for September 20th, 2012

This incompetent twit wants another four years after giving himself an “incomplete” grade? Listen to his advice…

Added jobs every month? Impossible since unemployment has been up every month he’s been in office and the labor force participation rate is at a 31-year low. Obama can lie because the media, not even Univision, is not going to call him on it. Obama didn’t tell the college student that 50% of college graduates are unemployed and most of them are living under their parent’s roof.

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Incompetence knows no limit inside the Obama administration.

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How will the liberal media spin this? Last week’s jobless claims were revised DOWN (as has been the case since Obama’s election) from 385,000 to 382,000. The economy is stagnant. The labor force is disappearing. Unemployment has been above 8% for the entire Obama presidency but the media is focused on Romney’s factual comment above 47% paying no federal taxes. This rate is bound to skyrocket if Obama is reelected.

From Bloomberg:

More Americans than forecast filed applications for unemployment benefits last week, adding to concern the labor market is slackening.

That’s because the labor force participation rate is at a 31-year low under Obamanomics.

Jobless claims decreased by 3,000 in the week ended Sept. 15 to 382,000, Labor Department figures showed today inWashington. The median forecast of 49 economists surveyed by Bloomberg projected 375,000.

Looming tax increases and government spending cuts slated to take effect next year, should lawmakers fail to act, may block any pickup in hiring following last month’s smaller-than-projected gain in payrolls. The Federal Reserve last week undertook a third round of asset purchases in a bid to reduce joblessness that has held above 8 percent for more than three years.

Those first two rounds of printing money to prop up Obama’s economy and hire people worked so great the Federal Reserve had to use a third round of printing money to keep unemployment high and the economy stagnant. Audit The Fed!!!!!

“The problems are more on the hiring side than the layoffs side,” said Ryan Sweet, a senior economist at Moody’s Analytics Inc. in West ChesterPennsylvania, who projected a rise to 385,000 claims. “If they panic and start cutting workers, that would raise an immediate red flag because layoffs would be a recipe for another recession.”

Continue reading>>>

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This isn’t news the media wants to report. No, they want to rape Romney over stating facts about 47% of Americans not paying federal income taxes. The Inspector General had a lead but the White House blocked him from learning the truth. Holder knows, his assistant knows and his top Assistant Attorney General knows. Obama knows the truth and this is why he used his executive privilege powers to hide the documents the Inspector General wants.

Hope this Inspector General has a back-up job. When Inspector Generals point out corruption committed by one of Obama’s friends, Obama fires them. Ask Gerald Walpin.

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Democrats tried every trick in the book, including the race card, to keep the truth from getting out. However, like Rangel, Waters will just get a slap on the wrist and remain a parasite on the backs of taxpayers. Finally the socialist will be exposed.

From The Hill:

The House Ethics Committee will hold a public hearing Friday on ethics allegations against Rep. Maxine Waters (D-Calif.).

The panel has been investigating for the past three years whether Waters violated House rules by attempting to secure federal help during the financial crisis for a bank in which her husband owns stock.

Waters has maintained her innocence, and the ethics probe has been weighted by problems.

The story is Waters sought a federal bailout for a bank, OneUnited, that her husband sat on the board of. Waters and her hubby had money invested in the bank so Waters asked for a meeting to secure a bailout. OneUnited received a bailout thanks to crook Barney Frank (D) and despite the bank’s record of bad investments and extravagant spending.

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Team Obama has to make sure taxpayers are paying the ObamaCare TAXES so moochers can receive free health care.

From ATR.org:

The Congressional Budget Office on Wednesday announced that six million American families will be forced to pay the Obamacare individual mandate non-compliance penalty tax.

The six million families who will be forced to pay the tax understates the true compliance burden of the looming Obamacare individual mandate scheduled to take effect in 2014:

    • Every American required to file an income tax return must report to the IRS whether or not they have “qualifying” health insurance under Obamacare.
  • Thus, this tax will not just impact the six million American families having to pay the tax, but the 140 million U.S. households which file an annual income tax return.  Each of the 140 million households will be forced to complete and submit compliance forms to the IRS.

The compliance burden described above does not even take into account the other 19 new or higher taxes in the Obamacare law, which the IRS has determined for the Ways and Means Committee will increase tax preparation time by a collective 80 million hours per year.

The non-compliance penalty tax will hit middle-income Americans, a violation President Obama’s “firm pledge” not to raise “any form” of tax on families making less than $250,000 per year. There are at least seven Obamacare taxes that directly hit families making less than $250,000.

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Take a look and see if you notice a common theme…

I’m sure Team Obama will be in touch with UPS just as they did when they asked Ford to stop running an ad slamming the auto bailout.

H/T to Jeffy

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