David Siegel, the founder and CEO of real estate company Westgate Resorts on Monday threatened to fire some employees if Barack Obama is reelected and carries out his plan to raise taxes on the so-called rich. The following are highlights from an email message sent by Siegel to his staff that was obtained and verified. Subject: Message […]
The UE Number dropped because 368,000 workers dropped off the UE rolls and stopped looking last month. Even if the jobs created number was a negative the “Official” UE Number would have dropped. Obama and his liberal media need to reduce the unemployment rate below 8% to keep Obama in power by all possible means, […]
Dismal jobs reports and high unemployment continue to weigh down the U.S. economy, but there are a few bright spots. Most notable among them: energy production, particularly the shale oil and shale gas revolution. The technological one-two punch of horizontal drilling and hydraulic fracturing has created a remarkable energy boom and created hundreds of thousands […]
A Census report signals that for much of America, the economic downturn has produced not one lost decade but two. But the data also show that federal safety-net programs helped keep people out of poverty. The typical US household saw its income fall last year to 1989 levels. That news, contained in a US Census […]
What a bomb it is for Obama on an election year. Expectations for the new jobs numbers ranged from 150,000 to 210,000. Instead, only 96,000 new private sector jobs were created, a brutal number, even worse than last month’s. Obama was given a bit of window dressing in the form of the unemployment rate, which […]
Recent trends in poverty rates should have the country furious at its leaders. When we get the data for 2011 next month, we are likely to see yet another uptick in poverty rates, reversing almost 50 years of economic progress. The percentage of people in extreme poverty, with incomes less than half of the poverty […]
The Obama administration hailed Friday’s jobs report from the Labor Department’s Bureau of Labor Statistics (BLS), claiming that the 163,000 net new jobs in July represented a positive development after three months, April through June, in which US payrolls increased by less than half that number. The American media took a similar view in its […]
President Obama We Agree – “If I can’t have this economy turned around in my first term, it will be a one term proposition.” Please follow our lead, because the President hasn’t lead. Sign our Petition to President Obama at the White House and insist that he keeps at least one campaign promise; withdraw from […]
On the idealistic side, Barack Obama’s executive amnesty for 1.9 million children of illegal alien border crosses looks like a compassionate decision. However, on the realistic side of the equation, American workers will be displaced by those 1.9 million additional workers. But it doesn’t stop there. It grows by leaps and bounds. Dan Stein, president […]
While the official US unemployment rate lies just above 8 percent, real jobless rates are almost three times that high in some states, with the national “real” unemployment rate lying at 15 percent in July. The US government’s official unemployment rate, now at 8.3 percent, only takes into consideration those who have no job and […]
