Friday, September 28, 2012
From England . . . . . Interesting that the British easily see what our News Media seems blind to …
Posted by . , at 12:23 PM
"We encourage all Muslims to continue to demonstrate and escalate their protests … and to kill their (American) ambassadors and representatives or to expel them to cleanse our land from their wickedness," said the statement from al Qaeda in the Islamic Maghreb, according to one CNN report.In a statement, al-Qaida in the Land of the Islamic Maghreb praised the killing of Christopher Stevens, the US ambassador to Libya, in an attack on the US consulate in Benghazi on September 11 2012.
Al-Qaeda threatened attacks in Algeria, Tunisia, Morocco and Mauritania, and condemned the United States for "lying to Muslims for more than 10 years, saying its war was against terrorism and not Islam."
THE JIG IS UP … TIME TO STOP THE EXPEL THE FLOW OF U.S. TAX DOLLARS AND CLEANSE THE SAND OF THE VILE AND WICKED ENABLING FUNDS!!!! THIS ADMINISTRATIONS POLICY OF BENDING OVER HAS BEEN A TOTAL AND COMPLETE FAILURE.
Posted by . , at 12:05 PM
Thursday, September 27, 2012
Record 46 Million Americans Are on Food Stamps
The number of Americans on food stamps hit a record high in June, and economists don't expect much improvement as long as unemployment remains high.
The two numbers are inextricably linked as the economy battles its way back from the crippling recession that the National Bureau of Economic Research says ended in 2009.
"The unemployment data is not really telling us the true story of how many people are underemployed," says Peter Cardillo, chief market economist at Rockwell Global Capital in New York. Food stamps are "a good indication of how the income of the workforce has stagnated and more and more people are applying for food stamps."
With 22.4 million households using food stamps, fully 15 percent of the American population is on the program. The costs, at $6.025 billion for the month, are just off the all-time record though the average monthly benefit per person has declined modestly to $132.96.
While the unemployment rate actually has come down from the 10 percent readings it showed in 2009, the amount of participants for the SNAP program has soared.
There were fewer than 31 million people on food stamps as recently as November 2008, but an aggressive effort from President Obama's administration has helped build participation, with the total increasing by 44 percent since the president took office in January 2009.
Liberal commentator Alan Colmes, in a Wall Street Journal op-ed piece Tuesday, cites the expansion as a key achievement of the Obama administration, as participants "only stay on it an average of nine months" and circulate $1.73 back into the economy for each food stamp dollar spent.
But if Cardillo is correct and the proliferation of food stamp recipients represents underemployment and wage stagnation, that could signal difficult times ahead for reducing entitlement spending. Cardillo projects just 90,000 new jobs were formed in August, below consensus for 125,000 and the unemployment rate (learn more) level at 8.3 percent.
Citigroup economist Steven C. Wieting, in a recent analysis, said there are more than 3 million Americans still without work who lost their jobs following the financial crisis but did not work in the housing-related industries that suffered most.
Consequently, he said in an interview, recovery will be slow in coming as those noncyclical job losses will be more difficult to remedy.
"The economy's growing and it's likely to continue to grow," Wieting said. "But it's three steps back and one step forward and lots of cyclical improvement in the economy from very depressed lows. But we are very, very far from having normal labor markets."
Indeed, data last week from the National Employment Law Project underscored how far there is to go.
The group found that 58 percent of all jobs created over the past two years paid $13.83 an hour or less while just 22 percent were in the "mid-wage" class of $13.84 to $21.13 an hour, even though that group lost 60 percent of the jobs during the recession.
"The economy has fewer good jobs now than it did at the start of the 21st century," Annette Bernhardt, policy co-director at the NELP, said in a statement. "Indeed, it’s important to recognize that the U.S. labor market was already in trouble before the Great Recession, the result of 30 years of growing wage inequality and shrinking numbers of good jobs."
Wieting said the economy is "on a path to seven years just to get back to the employment level where you were at the start of the downturn," and suggested the economy is closer to depression than it is the inflation that would signal sustained growth.
Questions? Comments? Email us at NetNet@cnbc.com
Follow Jeff @ twitter.com/JeffCoxCNBCcom
Follow NetNet on Twitter @ twitter.com/CNBCnetnet
Facebook us @ www.facebook.com/NetNetCNBC
© 2012 CNBC.com
Posted by . , at 11:01 PM
It just occurred to me; With all the noise the media is making about Romney's wealth, I don't recall such bluster and hand-wringing over the Kennedy fortune. Or, for that matter, John Kerry. Or the fact that John Kerry gave virtually nothing to charity while Romney gave something on the order of $4 million, in addition to his entire inheritance from his father.
Biden gave less than 1.5% of his income to charity. And Obama pays a lower tax rate than his secretary. Buffett Rule?
Oh. Wait. I just remembered. Romney is Republican.
Kerry and the Kennedys are Democrats.
Also, Romney worked for his money.
Kennedy inherited his.
And Kerry married his.
Obama spends yours on vacations.
Never mind. Nothing to see here folks. Move along.
Posted by . , at 1:32 PM
Wednesday, September 26, 2012
Fifty-five percent of small business owners and manufacturers would not have started their businesses in today’s economy, according to a new poll that also reports 69 percent say President Obama’s regulatory policies have hurt their businesses.
“There is far too much uncertainty, too many burdensome regulations and too few policymakers willing to put aside their egos and fulfill their responsibilities to the American people,” said Jay Timmons, president of the National Association of Manufacturers, which commissioned the poll along with the National Federation of Independent Businesses. “To fix this problem, we need immediate action on pro-growth tax and regulatory policies that put manufacturers in the United States in a position to compete and succeed in an ever-more competitive global economy.”
The poll reports another ominous statistic for job creation: “67 percent say there is too much uncertainty in the market today to expand, grow or hire new workers.” Why? Because “President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers,” according to 69 percent of the business owners surveyed.
Here are the key findings in the poll, as highlighted by NAM:
- 67 percent say there is too much uncertainty in the market today to expand, grow or hire new workers.
- 69 percent of small business owners and manufacturers say President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers.
- 55 percent say they would not start a business today given what they know now and in the current environment.
- 54 percent say other countries like China and India are more supportive of their small businesses and manufacturers than the United States.
“Instead of smoothing the way, our government continues to erect more barriers to growth through burdensome regulations that increase costs for small businesses and all Americans,” NFIB president Dan Danner said.
Those statistics suggest that even Democratic and independent small business owners criticized Obama, because only 46 percent of poll participants identified as Republicans, per Roll Call.
“It’s clear that small business owners and manufacturers are becoming increasingly more frustrated by the federal government’s inability to solve America’s economic problems,” Bill McInturff, whose Public Opinion Strategies conducted the poll. “Manufacturers place most of the blame squarely on policies coming out of Washington.”
Posted by . , at 9:52 PM
Household Incomes Fall In Aug., Off 8.2% Under Obama
By JOHN MERLINE , INVESTOR'S BUSINESS DAILY
In another sign that the economic recovery under President Obama is not producing gains for average Americans, median household incomes fell 1.1% in August to $50,678, according to a report released Tuesday by Sentier Research.
Since the economic recovery started in June 2009, household incomes are down 5.7%, the Sentier data show, and they are down more than 8% since Obama took office.
"Even though we are technically in an economic recovery, real median annual household income is having a difficult time maintaining its present level, much less recovering," said Sentier co-founder and former Census Bureau official Gordon Green.
Earlier this month, the Census Bureau released its annual report showing that the number of people in poverty was nearly 3 million higher in 2011 than in 2009, an increase of 6%.
That report also found that average incomes for middle- and lower-income households fell in 2011 after adjusting for inflation. They rose only for the wealthiest 20% of households.
The average inflation-adjusted income for households in the middle 20% is now lower than it's been since 1995, the census report found.
Meanwhile, another report released Tuesday finds that per-capita health costs jumped 4.6% last year, marking a turnaround from previous years, which had seen annual cost increases moderating. The Health Care Cost Institute report found that rising prices are a "major driver" of the cost increases.
And a report from the Centers for Disease Control and Prevention released this month found that the number of uninsured climbed 1 million in the first three months of 2012 compared with last year.
Other bad signs: The number of people on food stamps is up more than 220,000 in the first half of this year and up almost 12 million — or 34% — from June 2009 to June 2012.
The number of people in the labor force has fallen more than half a million in the past two months, with the participation rate down to 63.5%, a rate not seen in the past 30 years, according to the Bureau of Labor Statistics.
Almost 83,000 signed up for federal disability benefits in September, and more than 736,000 have joined in the first nine months of this year, according to the Social Security Administration. That's a higher enrollment rate than the first nine months of the Obama presidency.
Analysts say the higher disability enrollment rates are in part a reflection of workers' inability to find jobs.
On the other hand, the Consumer Confidence Index climbed in September to 70.3, a nine-point increase from August, according to the Conference Board.
Obama at the Dim Convention:
“So you see, the election four years ago wasn’t about me. It was about you. My fellow citizens, you were the change.”
Yup, you chumps were the change alright:
- 23 million unemployed
- 43 straight months of 8+% unemployment
- 45 million on food stamps
- Black poverty at record highs
- The middle class has lost 33% of its net worth under Obama
- Black youth unemployment over 50%
- Hispanic unemployment at 10.3%
- Illegals due to receive roughly $7.4 billion through Obama's Additional Child Tax Credit.
- Food prices up 15% under Obama
- Gas prices doubled under Obama
- Obama has the worst job creation record since 1945
- Obama recovery the worst in 75 years
- Median household income declines $4,300 under Obama
- Average family health insurance up $1,500 under Obama
- Added $6 trillion to our debt...more than all Prezs. Combined
- Presided over only US credit downgrade
- Over 100 million people on some form of means tested welfare
- Obama's Failed policies hurt 100% of Americans
Posted by . , at 8:18 PM
Tuesday, September 25, 2012
AFTER LISTENING TO THIS FROM HOWARD STERN … ME THINKS TWO CHAIRS IS HARDLY ENOUGH! THIS IS REAL SCARY STUFF …
Posted by . , at 7:11 PM
FACT CHECK: OBAMA LIES ABOUT RESPONSIBILITY FOR DEFICIT
Posted by . , at 5:16 PM
These are pictures you will not see in the Obama media. Our US Ambassador to Libya being dragged through the streets before being murdered. Here is our American Ambassador, J. Christopher Stevens, diplomat, father, husband, and American Citizen, being dragged through the streets of Benghazi, and our President does NOTHING! . . .
To most all Americans this is an act of war. To our president it's just another act of office violence like Fort Hood. He and the Secy of State have already apologized and will soon send them another $6.3 Billion in foreign aid. This is as sad as it gets.
It is rather obvious that Stevens was still alive in above picture. Strange how the President and his clique have not told us how Stevens was killed, or the fact that Stephens got to a safe house, but the mob was directed there. And what about those two Seals that were killed. Why no word on them and the atrocities committed by these raghead neanderthals. Sorry for these graphic images, but they need to be sent to everyone.
Posted by . , at 5:13 PM
Monday, September 24, 2012
Sunday, September 23, 2012
September 22, 2012
Egypt’s New Leader Spells Out Terms for U.S.-Arab Ties
CAIRO — On the eve of his first trip to the United States as Egypt’s new Islamist president, Mohamed Morsi said the United States needed to fundamentally change its approach to the Arab world, showing greater respect for its values and helping build a Palestinian state, if it hoped to overcome decades of pent-up anger.
A former leader of the Muslim Brotherhood and Egypt’s first democratically elected president, Mr. Morsi sought in a 90-minute interview with The New York Times to introduce himself to the American public and to revise the terms of relations between his country and the United States after the ouster of Hosni Mubarak, an autocratic but reliable ally.
He said it was up to Washington to repair relations with the Arab world and to revitalize the alliance with Egypt, long a cornerstone of regional stability.
If Washington is asking Egypt to honor its treaty with Israel, he said, Washington should also live up to its own Camp David commitment to Palestinian self-rule. He said the United States must respect the Arab world’s history and culture, even when that conflicts with Western values.
And he dismissed criticism from the White House that he did not move fast enough to condemn protesters who recently climbed over the United States Embassy wall and burned the American flag in anger over a video that mocked the Prophet Muhammad.
“We took our time” in responding to avoid an explosive backlash, he said, but then dealt “decisively” with the small, violent element among the demonstrators.
“We can never condone this kind of violence, but we need to deal with the situation wisely,” he said, noting that the embassy employees were never in danger.
Mr. Morsi, who will travel to New York on Sunday for a meeting of the United Nations General Assembly, arrives at a delicate moment. He faces political pressure at home to prove his independence, but demands from the West for reassurance that Egypt under Islamist rule will remain a stable partner.
Mr. Morsi, 61, whose office was still adorned with nautical paintings that Mr. Mubarak left behind, said the United States should not expect Egypt to live by its rules.
“If you want to judge the performance of the Egyptian people by the standards of German or Chinese or American culture, then there is no room for judgment,” he said. “When the Egyptians decide something, probably it is not appropriate for the U.S. When the Americans decide something, this, of course, is not appropriate for Egypt.”
He suggested that Egypt would not be hostile to the West, but would not be as compliant as Mr. Mubarak either.
“Successive American administrations essentially purchased with American taxpayer money the dislike, if not the hatred, of the peoples of the region,” he said, by backing dictatorial governments over popular opposition and supporting Israel over the Palestinians.He initially sought to meet with President Obama at the White House during his visit this week, but he received a cool reception, aides to both presidents said. Mindful of the complicated election-year politics of a visit with Egypt’s Islamist leader, Mr. Morsi dropped his request.
His silence in the immediate aftermath of the embassy protest elicited a tense telephone call from Mr. Obama, who also told a television interviewer that at that moment he did not consider Egypt an ally, if not an enemy either. When asked if he considered the United States an ally, Mr. Morsi answered in English, “That depends on your definition of ally,” smiling at his deliberate echo of Mr. Obama. But he said he envisioned the two nations as “real friends.”
Mr. Morsi spoke in an ornate palace that Mr. Mubarak inaugurated three decades ago, a world away from the Nile Delta farm where the new president grew up, or the prison cells where he had been confined by Mr. Mubarak for his role in the Brotherhood. Three months after his swearing-in, the most noticeable change to the presidential office was a plaque on his desk bearing the Koranic admonition, “Be conscious of a day on which you will return to God.”
A stocky figure with a trim beard and wire-rim glasses, he earned a doctorate in materials science at the University of Southern California in the early 1980s. He spoke with an easy confidence in his new authority, reveling in an approval rating he said was at 70 percent. When he grew animated, he slipped from Arabic into crisp English.
Little known at home or abroad until just a few months ago, he was the Brotherhood’s second choice as a presidential nominee after the first choice was disqualified. On the night of the election, the generals who had ruled since Mr. Mubarak’s ouster issued a decree keeping most presidential powers for themselves.
But last month Mr. Morsi confounded all expectations by prying full executive authority back from the generals. In the interview, when an interpreter suggested that the generals had “decided” to exit politics, Mr. Morsi quickly corrected him.
“No, no, it is not that they ‘decided’ to do it,” he interjected in English, determined to clarify that it was he who removed them. “This is the will of the Egyptian people through the elected president, right?
“The president of the Arab Republic of Egypt is the commander of the armed forces, full stop. Egypt now is a real civil state. It is not theocratic, it is not military. It is democratic, free, constitutional, lawful and modern.”
He added, “We are behaving according to the Egyptian people’s choice and will, nothing else — is it clear?”
He praised Mr. Obama for moving “decisively and quickly” to support the Arab Spring revolutions, and he said he believed that Americans supported “the right of the people of the region to enjoy the same freedoms that Americans have.”
Arabs and Americans have “a shared objective, each to live free in their own land, according to their customs and values, in a fair and democratic fashion,” he said, adding that he hoped for “a harmonious, peaceful coexistence.”
But he also argued that Americans “have a special responsibility” for the Palestinians because the United States had signed the 1978 Camp David accord. The agreement called for the withdrawal of Israeli troops from the West Bank and Gaza to make way for full Palestinian self-rule.
“As long as peace and justice are not fulfilled for the Palestinians, then the treaty remains unfulfilled,” he said.
He made no apologies for his roots in the Brotherhood, the insular religious revival group that was Mr. Mubarak’s main opposition and now dominates Egyptian politics.
“I grew up with the Muslim Brotherhood,” he said. “I learned my principles in the Muslim Brotherhood. I learned how to love my country with the Muslim Brotherhood. I learned politics with the Brotherhood. I was a leader of the Muslim Brotherhood.”
He left the group when he took office but remains a member of its political party. But he said he sees “absolutely no conflict” between his loyalty to the Brotherhood and his vows to govern on behalf of all, including members of the Christian minority or those with more secular views.
“I prove my independence by taking the correct acts for my country,” he said. “If I see something good from the Muslim Brotherhood, I will take it. If I see something better in the Wafd” — Egypt’s oldest liberal party — “I will take it.”
He repeatedly vowed to uphold equal citizenship rights of all Egyptians, regardless of religion, sex or class. But he stood by the religious arguments he once made as a Brotherhood leader that neither a woman nor a Christian would be a suitable president.
“We are talking about values, beliefs, cultures, history, reality,” he said. He said the Islamic position on presidential eligibility was a matter for Muslim scholars to decide, not him. But regardless of his own views or the Brotherhood’s, he said, civil law was another matter.
“I will not prevent a woman from being nominated as a candidate for the presidential campaign,” he said. “This is not in the Constitution. This is not in the law. But if you want to ask me if I will vote for her or not, that is something else, that is different.”
He was also eager to reminisce about his taste of American culture as a graduate student at the University of Southern California. “Go, Trojans!” he said, and he remembered learning about the world from Barbara Walters in the morning and Walter Cronkite at night. “And that’s the way it is!” Mr. Morsi said with a smile.
But he also displayed some ambivalence. He effused about his admiration for American work habits, punctuality and time management. But when an interpreter said that Mr. Morsi had “learned a lot” in the United States, he quickly interjected a qualifier in English: “Scientifically!”
He was troubled by the gangs and street of violence of Los Angeles, he said, and dismayed by the West’s looser sexual mores, mentioning couples living together out of wedlock and what he called “naked restaurants,” like Hooters.
“I don’t admire that,” he said. “But that is the society. They are living their way.”
Posted by . , at 9:48 AM