[Report Abuse]
[Login to Blog] Funkentelecky's Blog
Why never mention Obama when reporting on joblessn
SFC USA, (RET)
Last comment by sebekm 1 year, 2 months ago.

Take Me To Post Comment Form


The headline at CNN Money was, "Why America's Youth Aren't Finding Jobs."
If you expected an analysis of how and why President Barack Obama's policies hurt the job market for the young, think again. Believe it or not, CNN wrote a piece, supposedly explaining the tight job market, without using the following words: Obama, Obama administration, taxes, regulations, "stimulus" program or, of course, ObamaCare.
Stunning.
Apparently, CNN believes the country has been on autopilot for the last five years, with policy decisions by the White House having no effect, for good or for ill. Since CNN will not, let's examine the major economic decisions by this administration and their impact on the job market.
"Stimulus": The Obama administration spent nearly $1 trillion on "economic stimulus" that would "save or create" 3.5 million jobs. Did it? "The inability to measure Mr. Obama's jobs formula is part of its attraction," wrote William McGurn in The Wall Street Journal. "Never mind that no one -- not the Labor Department, not the Treasury, not the Bureau of Labor Statistics -- actually measures 'jobs saved.'"
But some things can be measured. To keep pace with the number of new people entering the job market, the economy must produce 150,000 new jobs every month. In July, the economy produced 162,000 jobs. To date, in the four years since the end of the recession, Obama's economy has produced 4,657,000 jobs -- an average of just 97,020 per month. The percentage of civilians 16 years and older working or actively looking for work recently reached a 34-year low. Down from 65.7 when President Barack Obama took office, it is 63.4 today. Would-be workers are simply giving up, frustrated, no longer looking.

Team Obama said that without stimulus, unemployment, which was then 7 percent, could reach as high as 8 percent. Well, Congress did pass stimulus -- and unemployment rose to 10.2 percent in the first year of Obama's presidency.
Tax hikes: In addition to increasing the top marginal income tax rate from 35 to 39.6 percent on the so-called rich, new or increased taxes have been imposed on Medicare -- a 0.9 percent rate increase on wages and a new 3.8 percent tax on investment income for those earning $200,000 or more.
Current and upcoming ObamaCare-related taxes include the so-called "Cadillac" excise tax on high-cost health insurance plans; tax penalties for not purchasing insurance; additional taxes and fees on medical device manufacturers, drug companies and health insurers; a 10 percent tax on indoor tanning services; a 50 percent reduction in allowable flexible spending account (FSA) contributions; and an increase in the threshold required to deduct medical expenses as an itemized deduction.
The Federal Reserve Bank of San Francisco released a report two months ago attributing the "drag" on the economy to new tax hikes. "Surprisingly," said the report, "despite all the attention federal spending cuts and sequestration have received, our calculations suggest they are not the main contributors to this projected drag. The excess fiscal drag on the horizon comes almost entirely from rising taxes."
New regulations: The Obama administration has imposed numerous burdensome and job-killing regulations. According to The Wall Street Journal: "Pages in the Code of Federal Regulations hit an all-time high of 174,545 in 2012. ... The cost of federal rules exceeded $1.8 trillion, roughly equal to the GDP of Canada. These costs are embedded in nearly everything Americans buy ... at $14,768 per household, meaning that red tape is now the second largest item in the typical family budget after housing.
"Last year, 4,062 regulations were at various stages of implementation inside the Beltway. The government completed work on 1,172, an increase of 16 percent over the 1,010 that the feds imposed in 2011, which was a 40 percent increase over 722 in 2010. ... The Obama administration did not break the all-time record of 81,405 pages it set in 2010. But the 78,961 pages it churned out in 2012 mean that the President has posted three of the four greatest paperwork years on record."
ObamaCare: Seventy-four percent of small-business owners say they have or intend to reduce hours, or fire people, or simply not hire as a result of ObamaCare. But, according to Investor's Business Daily, ObamaCare also gives incentives to employees to accept fewer hours: "Some 2.3 million workers might have their hours cut due to ObamaCare's employer mandates, even if there's no negative impact on total hours worked, a recent study from the University of California at Berkeley Labor Center estimated. The other part of the equation involves more government benefits for those facing shorter hours. This will come starting in 2014 from ObamaCare health subsidies. Households working less may also get additional benefits, such as food stamps."
CNN's head-in-the-sand piece on youthful joblessness serves as the latest example of the pro-Obama media's failure, blindness and unwillingness to see and state the obvious. By historical standards, this recovery stinks. To understand why requires a repudiation of the very foundation of leftism.
Leftists believe that enlightened government bureaucrats -- meaning themselves -- possess both the power to redistribute wealth from the undeserving to the deserving and the wisdom to know the difference.

http://www.jewishworldreview.com/cols/elder081513.php3#.UhFMFtzD9dg



Latest Activity: Aug 18, 2013 at 6:42 PM


Bookmark and Share
Forward This Blog
Print Blog
More Blogs by Funkentelecky
Send Funkentelecky a Message
Report Abuse


Blog has been viewed (387) times.

sebekm commented on Sunday, Aug 18, 2013 at 21:54 PM

Hi Funky: CNN is too busy producing Hillary's coronation movie to pay attention to any shortcomings of the Obama administration. Mr. Obama squandered his first term on The Train Wreck, instead of focusing on jobs and the economy. He could blame Bush back then. Now that nobody can deny he owns the economy, he's forced to deal with it. Naturally CNN - a charter member of the leftstream media - is going to cut him and the administration maximum slack.

Funkentelecky commented on Sunday, Aug 18, 2013 at 22:36 PM

Hi Chief; excuse my un-political correctness but what really befuddles me is how he is perceived as an American black man such as I. He is not, he is actually multiracial which is good overall; however he is lacking in black culture. What do I mean, let me clarify if you examine the pictures of my previous blog, my 86 year old mother and 84 year old father are black. My granddaddy on my fathers side is Native American and my grandmother is black. All of us were born in American, slept 2-3 to a bed, no running hot water and an outhouse to boot. I went to school with all blacks until 5th grade. Talked slang, played the dozens and watched Soul Train, Goodtimes and Sanford and Son. This is the traditional American black family of my day. Barack was born in Hawaii to Barack Hussein Obama Sr. an African American and Stanley Ann Dunham a White American from Kansas. His dad forsaken him around 3 years old and went back to Africa. Ann Dunham married Lolo Setera an Tndonesian and moved to Indonesian where they lived until Barry was around 10 years old. Because of social and political differences Ann sent him back to Hawaii to live with her parents and he attended Panohau a prestigious private school in Honolulu Hawaii and graduated at 17 years old in 1979. Barry then attended Occidental College, graduated and then on to Harvard and became a lawyer. So as you can see he is not a typical black man as he has proclaimed about his grandmother being a typical white person back in 2008.

sebekm commented on Monday, Aug 19, 2013 at 08:46 AM

He is "black" because the media wanted him to be black. They report what they want according to their agenda or what they think will make the kind of story they want to sell. You can do this when you essentially own the bat, the ball, and the playing field.

This is why we must get our "news" from multiple sources and sift "facts"carefully before we buy a story - especially a political one. The press/leftstream media considers itself to be political king-makers - ala Max Mercy in"The Natural" - they believe news is THEIR game.


Log In to post comments.

Previous blog entries by Funkentelecky
 
Petition to Dr. Benjamin Carson
September 05, 2014
Dear Dr. Carson, You said that if the American people were still "clamoring" for you to run for president you would seriously consider doing so. We'll, I'm clamoring for you to run for President of the United States. We need a citizen statesman to lead our nation, not just politicians ...
Read More »
 
Winning the Race:Beyond crisis in Black America
August 28, 2014
John Mcwhorter is a Senior fellow with the Manhattan Institute, philosopher with extensive knowledge and experiences with black culture. In this video he explains the main problems that are stagnating Black Americans. What he has learned and will articulate is identical to what I've been presenting; however he is much ...
Read More »
 
Let's Change Our Ways (Black People)
August 15, 2014
When a Police Officer gives you a directive like "move over to the sidewalk" it is your duty as a citizen to move over to the sidewalk, their authority must be respected and adhered to. If Michael Brown and his friend had adhered to that directive, a precious life would ...
Read More »
 
755 Hank Aaron Drive
July 01, 2014
It's my birthday and I treated myself to see my favorite Baseball team live and in color. Where am I?
Read More »
 
Darius Foster, Smacks Down Racebaiters
June 29, 2014
Darius Foster is a conservative Republican running for a seat in the Alabama House of Representatives in the November 2014 elections. He is a small business owner, a native of Birmingham and he is black man who will not be “put in a box” of stereotypes. In fact, Foster just ...
Read More »
 
[View More Blogs...]





 
Powered by
Morris Technology