Jobless rate at 3-year low as payrolls surge – Really? LOL. The report is a bad joke. I just cannot believe that such a spinning and twisting of the truth are done by the government and the media that once were hold as world wide example of freedom and democracy. We are really witnessing the fall of our great nation.
More pistons in the economic engine have begun to fire, pointing to accelerating economic growth. One of the happiest persons reading this job report is President Obama…
Jobs Preview 2012: The Year of the Missing Worker –
- There are over 3 million “missing” workers who should be in the labor force, but are not.
- If labor force participation were in line with demographic projections, the unemployment rate would be above 10 percent.
- The possibility of large numbers of people reentering the labor force makes it very difficult for the unemployment rate to fall below 8 percent by Election Day.
Top five regrets of the dying – On the other hand…
A nurse has recorded the most common regrets of the dying, and among the top ones is ‘I wish I hadn’t worked so hard’. What would your biggest regret be if this was your last day of life?
The ‘Financial Recession’ Excuse – Happy days are here again heh? Nope! All “good” economic news are lies
Never before in postwar America has either real per capita GDP or employment still been lower four years after a recession began. If in this “recovery” our economy had grown and generated jobs at the average rate achieved following the 10 previous postwar recessions, GDP per person would be $4,528 higher and 13.7 million more Americans would be working today.
Earning Less – Why The Poor Get Poorer – Do they have a choice?
Working longer hours but earning less — the plight of the average American continues.
Getting Nowhere, Very Fast –
California has a huge state debt and Washington has a huge national debt. But that does not discourage either Governor Jerry Brown or President Barack Obama from wanting to launch a very costly high-speed rail system.
Someone once said that government is the illusion that we can all live off somebody else…
Streetcar work begins, total cost rises –
The city of Atlanta launched work on a new, 12-stop downtown streetcar line Wednesday — and officials disclosed that the project’s estimated price tag has risen by more than $12 million. Much of that increase is paid for by outside grants.
Local and federal leaders at a kickoff event said the money will be well-spent, despite critics’ doubts that ridership will justify the costs.
“This is about jobs,” said Ray LaHood, U.S. Secretary of Transportation. “This is about creating an economic corridor. … This will be a magnet for tourism.”
Critics, however, say the project will not draw enough traffic to justify its cost.
Reid: Senate will not pass a budget this year – Ha! Who needs a budget, if they have control over all of the other people’s money?
“We do not need to bring a budget to the floor this year — it’s done, we don’t need to do it,” Reid said, according to The Hill.
“We Are Blessed To Have Someone Of Barack’s Intellectual Caliber”… –
“Since the day that I’ve met my husband, I’ve watched him work tirelessly to try make a difference in other people’s lives. He does that because for him, all of this is all very personal. You know Barack’s story,” the first lady said. “Barack and I both watched our families work hard to make ends meet.”
“That has been the direction of his choices through out his life,” Obama said. “How can he use his blessings and his gifts to help as many people as possible.”
“We are blessed to have someone not just of his intellectual caliber but with such a strong grounding of values that all of us identify with — these basic American values that have made our country great and will continue to make us the strongest country in the world,” the first lady said.
What If Barack Obama And Paul Krugman Ran A Business? –
This winter has brought a useful tutorial on capitalism courtesy of the media, the Democratic party and President Obama. They have illustrated for us how the depredations of profit-seekers crush American aspirations.
Parents Snared in $100 Billion College Debt Trap Risk Retirement –
Terry Williams borrowed about $7,000 to earn a degree from Spelman College 38 years ago. For her youngest child, a sophomore at Belmont University in Nashville, she will take on almost $40,000 in parental loans.
Bloomberg warns of budget deficits in coming years – Another one realizes that you cannot spend indefinitely more than you take in…
Mayor Michael Bloomberg says his budget plan for the coming fiscal year has closed a $2 billion budget gap. But he says the city is facing deficits in following years.
Ontario faces decade of deficits – Time to implement Obama-care in Canada. According to our White House, Obama-care will reduce the cost of healthcare …
And the Ottawa-based economic think-tank says the province will need to rein in health-care cost increases if it wants to balance the books by 2022.