Read my Examiner.com article here
No economic upturn, and minorities, those hit hardest by the Obama “recovery” still consider him a deity. Poverty is being redistributed upward AND downward. Ignorance is bliss, but exceedingly destructive to our nation.
Excerpt: Household incomes are still down 4.4% since the recession ended four years ago. Meanwhile, the unemployment picture may be even worse than we think. The Obama “recovery” continues to impress.
According to a report released this week by Sentier Research, the inflation-adjusted median household income remains $2,380 below where it stood when the Obama “recovery” officially started in June 2009 — a drop of 4.4%.
Sentier’s monthly data, derived from the Census Bureau’s Current Population Survey, show that incomes fell more in the year after the recovery started than it did during the recession itself. And household incomes have basically flat-lined ever since.
“As the unemployment rate and the duration of unemployment remained high,” the authors note, “median annual household income continued its decline.”
The picture gets even grimmer the deeper you dive into the data. The most vulnerable groups — blacks, Hispanics, female-headed families and the young — have fared far worse under Obama than everyone else.
Read full article “IF THIS IS RECOVERY, GOD SAVE US FROM A SLOWDOWN” here.
A fantastic idea that should be developed and implemented immediately if found to be viable and pays for itself. This makes those stupid ugly windmills and solar panel farms obsolete and a thing of the past. The $ Billions that Obama gave to his benefactors was a waste. At least this idea has a lot of forward thinking and potential.
Read full report here.
It may not all be a result of Obamacare, but until all regulations are completed, no one, not even Nancy Pelosi, will really know what the effect will be. The only possible way to reverse this steady drain of regulatory abuse of the economy is to vote Republican in this Fall’s election. Too bad it is too late to even get some of those RINOs out.
Excerpt: Crews has made a working project of his “Tip of the Costberg” report which he regularly updates. In it, he compares the cost of regulations estimated by federal agencies to a much broader list of estimates from multiple federal and independent sources. And even then, he said, it doesn’t include hard-to-calculate costs associated with antitrust intervention, regulation of electricity networks, or the cost of constrained access to natural resources.
“While OMB officially reports amounts of only up to $88.6 billion in 2010 dollars,” said Crews, “the non-tax cost of government intervention in the economy, without performing a sweeping survey, appears to total up to $1.806 trillion annually.”
But, he added, “according to back of the envelope surveys and roundups, with gaps big enough to fit the beltway through, that up to $1.806 trillion annually and in many categories perhaps even considerably more, is a defensible assessment of the annual impact on the economy.”
His estimate is close to the $1.7 trillion estimate from the Small Business Administration which the White House distanced itself from. For comparison, the total U.S. GDP is $15 trillion.
The wave of Obama regulations has become a huge sore point in the business world with groups as large as the U.S. Chamber of Commerce down to the International Franchise Association crying for fewer rules. The administration, however, argues that the rules and regulations pushed out under the president have made products and workplaces safer.
Read full article here.
Americans believe that having a secure job is by far the most important requirement for being in the middle class, easily trumping homeownership and a college education, according to a new nationwide Pew Research Center survey of 2,508 adults.
Nearly nine-in-ten adults (86%) say a person needs a secure job to be considered part of the middle class, while just 45% say the same about owning a home, 37% about a college education and 28% about financial investments.
Of the five items tested in the survey question, the only other one seen as essential to a middle-class lifestyle by a majority of the public is health insurance-which for many Americans comes through one’s job. Two-thirds of adults say it’s an essential ticket to a middle-class life.
The public’s view about what it takes to be in the middle class appears to have changed dramatically over the past two decades. In a 1991 nationwide Time/CNN/Yankelovich survey, seven-in-ten respondents said homeownership was essential to being in the middle class, while just one-third said the same about having “a white collar job.”
Go to original Pew Research post here.