Obama’s Summer of Jobs, Or Not
As Biden continues his “Summer Of Recovery” stimulus propaganda tour the Obama economy continues its death spiral into a double dip recession despite the media and democrats still trying to blame old GW. Obama and most of his administration have never held a private sector job or been responsible for meeting a payroll deadline. Why does anybody think this band of socialist could ever create a private sector job. All the stimulus accomplished was to send almost a trillion dollars of taxpayer cash out the door while no tax receipts where coming in to pay the bill. With Obamacare about to devastate the economy its no big shocker companies are not hiring, why add more costs. Is anybody but the Democrats and the media so delusional not to see that even the Dems know how bad this crap is going to hammer the economy. Why do you think its full damage is not scheduled to kick in until after the 2012 elections and why would they need four years to build up cash to pay for it. People all over are already seeing massive hikes in insurance and medical costs. Did the Obamacare bill address frivolous lawsuits from trial lawyers, how about fraud or the costs associated with 11+ million illegal immigrants. Did the Obama wall street reform bill address Fannie Mae or Fannie Mac, did Obama add anything to his Wall Street reform bill to stop banks from being forced to give mortgages to people who have no chance in hell of ever paying there mortgages back. No instead they just built in more tax payer funded parachutes for lending institutions to continue these bad lending practices with no consequences. All these extra business costs are just going to be built into higher prices for the consumer. The one common theme among everything Obama, Pelosi and Reid have done for the economy is political paybacks and a lack of legislation in recent bills that address the harm caused by there cronies.
Public Debt as of 28 Aug 2010
$ 1 3 , 3 8 3 , 9 7 2 , 4 4 6 , 0 6 1 . 7 7
The estimated population of the United States is 309,010,848
so each citizen’s share of this debt is $43,312.31.
The National Debt has continued to increase an average of
$4.11 billion per day since September 28, 2007!
Nationwide unemployment 9.6%
Unemployment in Ohio 10.6%, here some surrounding counties.
* Crawford – 12.2%
* Defiance – 12.5%
* Fulton – 11.5%
* Hancock – 9.5%
* Henry – 11.7%
* Lucas – 12.1%
* Ottawa – 10.8
* Putnam – 9.3%
* Sandusky – 10.3%
* Seneca – 11.4%
* Williams – 13.5%
* Wood – 10.1%
* Wyandot – 12.0%
Revised GDP growth of 1.6
Home sale plunge 27 percent, lowest in 15 years
Imports surge to 26 year high
Obama jobs death toll: Layoffs, layoffs, layoffs
By Michelle Malkin • August 27, 2010 09:54 AM
The Summer of Wreckage turns to fall…
Children’s Hospitals plans to cut up to 250 jobs – “The provider — with campuses in Minneapolis and St. Paul — said Wednesday the down economy is forcing more children to rely on Medicaid.”
Nearly 400 StarKist Co. cannery workers lose jobs – “StarKist has had to contend with federally mandated minimum wage increases. Butler says other costs are also rising in such areas as utilities and transportation.”
Northrop Grumman announces more layoffs – “The Los Angeles-based company said it would reduce its work staff by 642 at its shipbuilding operations in Pascagoula, Miss., or about 5.8% of the facilities total workforce. That follows a notification earlier this month that it would layoff 300 employees at its facilities in Avondale, La., and Tallulah, La.”
Janitors protest layoffs in LA’s Century City – “Los Angeles police spokesman Richard French said about 300 people rallied outside JP Morgan Chase-owned Century Plaza Thursday afternoon and 13 were arrested for allegedly blocking traffic. He says the arrests were without incident. The custodians and their supporters from SEIU United Service Workers West called on JP Morgan to rehire their cleaning staff.”
Layoffs hit employees at county job center – “A Cumberland County government office that helps people find work is itself laying off eight staff members this fall, and the number might have been higher.”
Meriter: Public program shortfalls force job cuts- “Meriter Hospital said it’s not immune to the tough economy, laying off 57 employees…Meriter said it expects to lose about $57 million in 10 years once Health Care Reform is in place.”
13 States That Just Got Slammed With Massive Layoffs – “We’ve mined through to find the states with the most massive layoff events. A massive layoff event means 50 employees have filed for unemployment within 5-weeks, all from the same company. We’ve also highlighted July’s initial unemployment claims, and examples of layoffs hitting each state.”
10 Leading Retailers Close Stores; Exodus of Small Retailers Amidst Signs of “Free Rent”; 700,000 Drop Cable TV Subscriptions – “Signs of weak consumer discretionary spending are popping up in multiple places.”
FYI: I’ve created a new category called the “Obama Jobs Death Toll.” Just click on the link for the running archive. Keep sending your story tips and I’ll continue keeping track.
Related: Weak GDP raises stakes for Obama, Fed – Growth figures are expected to show the economy is almost at a standstill, but the government is running out of options to rebuild momentum.