"Community organizer" fails on economy

Obama Administration Economic Failure

Democrats used to disparage the Reagan expansion as nothing special, yet the growth rate over the first 25 quarters under Reagan was 34 percent versus 14.3 percent under Obama. -Stephen Moore

[Jan 2016]: Last week the Joint Economic Committee of Congress issued a report on the Obama recovery loaded with even more dismal news. On almost every measure examined, the 2009-15 recovery since the recovery ended in June of 2009 has been the meekest in more than 50 years. -Stephen Moore Go To Site

Barack Obama Dec 2015: "... wages and incomes have been flat-lining for some time ..." Go To Site

And Hillary Clinton finds herself in Iowa bemoaning people who can “just get by,” adding: “We’ve got to figure out in our country how to get back on the right track.” -New York Post Editorial Board Go To Site

Democrat, Liberal, Incompetence, Obama, Financial, Oops, Economy

Even seven years after the recession ended, the current stretch of economic gains has yielded less growth than much shorter business cycles.

  In terms of average annual growth, the pace of this expansion has been by far the weakest of any since 1949. (And for which we have quarterly data.) The economy has grown at a 2.1% annual rate since the U.S. recovery began in mid-2009...

Democrat, Liberal, Incompetence, Obama, Financial, Economy

The economic stagnancy of the Obama years is to blame for plummeting life expectancy rates among white, working-class Americans, according to former president Bill Clinton, who privately told Democratic donors that lower-income whites “don’t have anything to look forward to when they get up in the morning.” Clinton made the remarks while speaking to at a November 2015 closed-door fundraiser for Hillary Clinton in Canton, Ohio.

Democrat, Liberal, Incompetence, Obama, Financial, Oops, Economy

[Dec 2015]: The nation's middle class, long a pillar of the American economy, has shrunk to the point where it no longer constitutes the majority of the adult population, according to a new major study.

  Rapid growth of upper-income households, coupled with an increase in less-educated, low earners, has driven the decline of the middle-income population to a hair below 50% of the total this year, the Pew Research Center reported Wednesday.

"We will start by reducing premiums by as much as $2,500 per family."

-Barack Obama, 2008

Oops. Can we opt out of this cluster-fuck please?

Since 2008, average family premiums have climbed a total of $4,865.

Democrat, Liberal, Incompetence, Obama, Oops, Economy

The economic expansion—already the worst on record since World War II—is weaker than previously thought, according to newly revised data. From 2012 through 2014, the economy grew at an all-too-familiar rate of 2% annually, according to three years of revised figures the Commerce Department released Thursday.

The black community, which gave Obama support like no other group, too often doesn’t see the investment paying off. “People in this community just don’t think anything is going to change,” said Akua Scott, a Miami-based labor organizer. Instead of obvious improvements in the economy, jobs can be tough to get and despair remains a constant. Go To Site

Democrat, Liberal, Obama, Oops, Economy

[2015]: A new analysis of CEO pay and benefits reveals that the top executives at the top S&P 500 companies earned another $2 million last year, for an average package of $22.6 million, expanding the wage gap with workers to 373 to 1. The St. Louis investment firm Stifel provided Secrets a new analysis of AFL-CIO, Bureau of Labor Statistics and CNBC data showing that the average worker salary reached $36,100 after a tiny 2 percent increase while the top CEO's saw a 16 percent increase.

Democrat, Liberal, Incompetence, Obama, Oops, Economy

More voters than not think the Obama administration has hurt the economy, and nearly six in 10 remain dissatisfied with the direction of the country. That’s according to the latest Fox News national poll released Thursday. The poll finds 47 percent of voters think the White House has made the economy worse, compared to 42 percent who say it has made things better.

Democrat, Liberal, Incompetence, Obama, Financial, Oops, Economy

Most Americans' incomes continued to fall last year, but the richest 20 percent saw theirs rise, a new Labor Department report showed Thursday. In fresh data that adds fire to a growing debate over income inequality, the department said that Americans on average saw income decline for the second straight year in the 12 months to June 2014. The average pre-tax income fell 0.9 percent from the same period a year earlier, to $64,432. But broken down into quintiles, those in the top 20 percent of incomes saw their money stream grow by 0.9 percent to $166,048 on average.

Democrat, Liberal, Incompetence, Obama, Oops, Economy

Under President Obama, the richest 10 percent were the only income group of Americans to see their median incomes rise, according to a survey released this week by the Federal Reserve. The Fed data covered the years 2010-2013, during which period Mr. Obama constantly campaigned against income inequality and won re-election by painting his Republican rival as a tool of Wall Street plutocrats.

With fourth-quarter GDP growth downgraded in the latest government report, President Obama's anemic economy stretches on. If this had been only an average recovery, we'd be $1.31 trillion richer. -IBD Editorials Feb 2014 Go To Site

Democrat, Liberal, Incompetence, Obama, Financial, Oops, Economy, Jobs

Jobs growth in the U.S. since the 2008 recession has been undermined by lower wages, with workers earning an average 23 percent less than earnings from jobs which were lost, a report by an organization representing U.S. cities said on Monday.

Democrat, Liberal, Incompetence, Obama, Economy, Jobs

In July 2014, there were 92,001,000 Americans, 16 and over, who were classified as “not in the labor force,” meaning they not only did not have a job, but they didn’t actively seek one in the last four weeks. This number has increased by 11,472,000 since January 2009, when the number of Americans not in the labor force was 80,529,000.

Ronald Reagan Vs. Barack Obama

Labor Participation

Democrats, you suck by association.

Image: Powerline

Has anyone in history driven as many people out of work as Barack Obama? Certainly not in the United States... In all likelihood, if you need to work for a living, Obama’s presidency has been a tough time for you, if not a disaster. -John Hinderaker

Reagan Vs. Obama GDP Growth

Gross Economic Incompetence

Image: Powerline

The reality, however, is that the current recovery is the weakest of modern times, as economic growth, after more than five years of Democratic Party policies, stands at near zero.-John Hinderaker

Reagan Vs. Obama Jobs Growth

Gross Economic Incompetence

Image: Powerline

The Senate Budget Committee offers the following three charts, which show how the Obama administration’s government-centric policies stack up against the Reagan administration’s free enterprise approach, which brought the United States out of a similar recession, but one that also included runaway inflation. -John Hinderaker

Democrat, Liberal, Incompetence, Obama, Oops, Jobs

Black unemployment, which at the end of the Bush administration broke a decades-long pattern of being twice white unemployment, has resumed its disturbing and prolonged trend under President Obama, with the rate among African Americans now at 13.4 percent, according to a new Pew Research report.

Nov 2013:Based on the revised formula, the number of poor people in 2012 was 49.7 million, or 16 percent. That exceeds the record 46.5 million, or 15 percent, that was officially reported in September. The latest numbers come as more working-age adults picked up low-wage jobs in the slowly improving economy but still struggled to pay living expenses.

Jan. 2014: MSNBC admitted that the December jobs report was dismal Friday. CNBC’s Michelle Caruso-Cabrera announced the newly released report number. Only 74,000 jobs were created in December, a number that fell significantly short of the 200,000 anticipated created jobs. Morning Joe host Joe Scarborough commented “That’s a horrific number” and said that the newly added jobs number is the lowest seen in years. Go To Site

Democrat, Liberal, Incompetence, Obama, Financial, Oops, Economy, Jobs

An Obama appointee and the CEO of Pacific Investment told a crowd at the National Press Club that Obama’s economic policies have fostered income inequality and that political squabbling is stalling economic recovery. Mohamed El-Erian, CEO of Pacific Investment and chairman of the White House Global Development Council, blamed the administration’s reaction to the Great Recession for increasing income inequality... El-Erian said the failure of the weak recovery is evident in the youth unemployment rate, which has bounced around from 40 to 25 percent among the most inexperienced workers, as well as the long-term unemployment rate.

Democrat, Liberal, Incompetence, Obama, Economy, Jobs

Unemployment rates rose in more than half of U.S. states in July and fewer states added jobs, echoing national data that show the job market may have lost some momentum. The Labor Department said Monday that unemployment rates increased in 28 states. They were unchanged in 14 and fell in eight states—the fewest to show a decline since January.

Democrat, Liberal, Incompetence, Obama, Financial, Oops, Economy, Jobs

Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream... The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality.

Democrat, Liberal, Incompetence, Obama, Brilliance, Oops, Economy, Jobs

The average monthly employment level increase under President Obama is a paltry 0.019% monthly increase, earning him last place. The average monthly percentage increase during a presidential term since 1949 is nearly 7 times that achieved in Obama’s first term. Even George W. Bush’s second term, with its recession and financial turmoil, experienced a monthly employment level increase 54% higher than President Obama.

"The data is going to indicate sadly that when the Obama administration is over, black people will have lost ground in every single leading economic indicator category."-PBS's Tavis Smiley Go To Site

Democrat, Liberal, Incompetence, Obama, Character, Degeneracy, Economy

With the latest jobs report, it is now the case that "Under Obama, Food Stamp Growth [Is] 75 Times Greater Than Job Creation," according to statistics compiled by the Republican side of the Senate Budget Committee. "For Every Person Added to Jobs Rolls Since January 2009, 75 People Added To Food Stamp Rolls."

Democrat, Liberal, Incompetence, Obama, Oops, Economy

The average GDP growth for the first three quarters of this year is 1.77 percent, according to data released by the the Bureau of Economic Analysis this morning. That is less than half of what the White House predicted GDP growth would be this year, and less than a third of what the Obama administration projected when it first took office.

People are more productive if they feel positive, if they feel loved and appreciated. Over the past eight years, Obama has made business owners feel lousy, miserable, intimidated, targeted, persecuted, greedy. He made us feel like “Public Enemy No. 1.”

Democrat, Liberal, Incompetence, Obama, Funny, Brilliance, Economy

The White House is really getting specific when it comes to the unemployment rate. Rather than 8.3% -- the rounded-up figure -- Obama economic adviser Alan Krueger writes on the White House website that the real jobless rate is 8.254%.

Democrat, Liberal, Incompetence, Obama, Financial, Narrative

Obama said, “This new unit will hold accountable those who broke the law, speed assistance to homeowners and help turn the page on an era of recklessness that hurt so many Americans.” Whether or not the President, attorney general and others intend to get around to this task someday, “speed” was a terrible word to choose. Because 85 days after that speech, there is no sign of any activity.

A new poll finds President Obama’s approval rating on the economy dropping to 35 percent, even as he travels across the country delivering policy speeches and pushing proposals to boost job growth and investment. Go To Site

Democrat, Liberal, Incompetence, Obama, Energy, Economy, Jobs

"However many jobs might be generated by a Keystone pipeline," he said, "they're going to be a lot fewer than the jobs that are created by extending the payroll tax cut and extending unemployment insurance."

Democrat, Liberal, Incompetence, Obama, Economy

NEW YORK - The average US household lost $21,261 of net worth this summer, the largest decline in family wealth in nearly three years. The drop in the third quarter, tied to falling home values and a cratering stock market, is the second straight quarter of eroding wealth, according to the Federal Reserve's quarterly report, released Thursday.

Democrat, Liberal, Incompetence, Obama, Economy

GENEVA — The U.S. has tumbled further down a global ranking of the world's most competitive economies, landing at fifth place because of its huge deficits and declining public faith in government, a global economic group said Wednesday. The announcement by the World Economic Forum was the latest bad news for the Obama administration, which has been struggling to boost the sinking U.S. economy and lower an unemployment rate of more than 9 percent.

Democrat, Liberal, Union, Incompetence, Obama, Financial, Economy

“Two billion dollars were invested in Charleston, 1,000 employees were recruited, and the site was supposed to open in July… until the NLRB meddled in.”

Friday's jobs report was disappointing, but it also contained a truly heartbreaking statistic. Black teen unemployment is a shocking 41.6%. In July last year, the unemployment was considerably lower, at 36%. That almost half of black teens who want to work can't find jobs is a stain on Obama's economic policies. Go To Site

Democrat, Liberal, Obama, Brilliance, Oops, Economy

“Some time in the next couple of months we’re going to be creating between 250,000 jobs a month and 500,000 jobs a month,” Biden said at a fundraiser today in Pittsburgh. Next month, Biden predicted, the nation’s employers will add between 100,000 to 200,000 jobs to their payrolls.

Incompetence, Obama, Economy

An unofficial gauge of human misery in the United States rose last month to a 28-year high as Americans struggled with rising inflation and high unemployment. The misery index — which is simply the sum of the country's inflation and unemployment rates — rose to 13.0, pushed up by higher price data the government reported on Wednesday.

Democrat, Liberal, Government, Incompetence, Obama, Financial, Brilliance, Oops, Economy

At this point, Obama smiled and interjected, "Shovel-ready was not as ... uh .. shovel-ready as we expected." The Council, led by GE's Jeffrey Immelt, erupted in laughter. The Obama administration promised the Recovery Act ("the stimulus") would prevent the jobless rate from going over 8%. It now stands at 9.1%.

Democrat, Liberal, Government, Incompetence, Obama, Economy

Data released by the Census Bureau today showed the proportion of people living in poverty climbed to 15.1 percent last year from 14.3 percent in 2009, and median household income declined 2.3 percent. The number of Americans living in poverty was the highest in the 52 years since the U.S. Census Bureau began gathering that statistic. Those figures may have worsened in recent months as the economy weakened.

Real GDP growth — the value of goods and services produced after adjusting for inflation — is 15.4% below the 3% growth trend of past recoveries, wrote Edward Leamer, director of the UCLA Anderson Forecast. More robust growth will be necessary to bring this recovery in line with previous ones. "It's not a recovery," he wrote. "It's not even normal growth. It's bad." Go To Site

Liberal, Incompetence, Economy

The U.S. poverty rate has risen to 15.1%, the highest since 1983, the U.S. Census Bureau reports.

Incompetence, Obama, Economy, Jobs

"This jobs plan builds on a program in Georgia that several Republican leaders have highlighted where people who collect unemployment insurance participate in temporary work as a way to build their skills while they look for a permanent job," Obama told Congress... More than 30,000 people benefited from the program in the past, but in its current form, Georgia Work$ is tiny. Only 12 unemployed people signed up in August and 92 have done so since February, according to state Department of Labor statistics.

Democrat, Liberal, Incompetence, Obama, Economy

From consumers to investors to voters, everywhere you look these days, confidence is falling over the state of the U.S. economy. And now a new scorecard by SurePayroll, the leading online payroll service, shows that small business confidence is lagging as well. Optimism among small business owners remained flat at 48% in August after a sharp 20% downturn between June and July. The survey reflects the perspective of 35,000 of SurePayroll's small business customers, which all have 100 employees or less.

Democrat, Liberal, Incompetence, Obama, Economy, Image

The Jobless Recovery

That means Barack Obama in 2010 spent over 20% MORE than George Bush did at the height of two wars in 2005. Ok all you 18-30 year olds that’s only 8 years ago. You were all alive then. If you were born in 1995 or later you can relate to this. Are we 20% better off than 2005? Is your government doing 20% more? Do we have 20% more roads and bridges? If the government doing 20% more to help you find work? Have we managed to do 20% more in all those things? Go To Site

Incompetence, Obama, Economy

The August jobs report was dismal for plenty of reasons, but perhaps most striking was the picture it painted of racial inequality in the job market. Black unemployment surged to 16.7% in August, its highest level since 1984.

Democrat, Liberal, Incompetence, Obama, Economy

Although more young people found jobs between April and July, the percentage of young people employed in July 2011 was the lowest July rate on record since the government started tracking the numbers in 1948.

Democrat, Liberal, Incompetence, Obama, Oops, Economy

The White House economic adviser who determined in 2009 that if President Barack Obama's stimulus bill were passed unemployment would not go above 8 percent, now says he was wrong and that he does not think unemployment will go below 8 percent before the end of 2012--the last year of the four-year term Obama won in 2008.

Democrat, Liberal, Incompetence, Obama, Economy

"We had reversed the recession, avoided a depression, gotten the economy moving again," Obama told a crowd in Decorah, Iowa. "But over the last six months we've had a run of bad luck."

A record 89,967,000 Americans were not in the labor force in March, according to the Bureau of Labor Statistics. That is an increase of 663,000 from the 89,304,000 Americans who were not in the labor force in February. Since President Barack Obama was first inaugurated in January 2009, 9,460,000 people have dropped out of the labor force. Go To Site

Democrat, Liberal, Incompetence, Obama, Narrative, Oops

The wealth gaps between whites and minorities have grown to their widest levels since the U.S. government began tabulating them a quarter-century ago. The recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics, according to an analysis of new Census data.

Incompetence, Obama, Economy

"When did the American dream become a nightmare?" gloated Argentina's President Cristina Fernandez, whose own country defaulted on about $100 billion in debt a decade ago.

Incompetence, Obama, Brilliance, Economy

President Obama explained to NBC News that the reason companies aren't hiring is not because of his policies, it's because the economy is so automated. ... "There are some structural issues with our economy where a lot of businesses have learned to become much more efficient with a lot fewer workers. You see it when you go to a bank and you use an ATM, you don't go to a bank teller, or you go to the airport and you're using a kiosk instead of checking in at the gate."

Democrat, Liberal, Incompetence, Obama, Economy

Uncertainty about federal policies combined with the threat of long-term debt is likely slowing the nation's economic recovery, the head of the Congressional Budget Office said Thursday.

The Bureau of Labor Statistics released jobs numbers for January Friday showing that nonfarm payroll employment increased by 157,000 and the unemployment rate rose to 7.9 percent. Lost in these headline numbers was another rise in the number of people not in the labor force. This number now stands at a staggering 89 million, up from 80.5 million when President Obama took office. This means that there are currently 8.5 million more Americans not in the labor force than just four years ago. Go To Site

Democrat, Liberal, Incompetence, Obama, Oops, Economy

As congressional budgeters warn of a debt crisis in the coming years, a new poll shows that 44 percent of Americans say they believe they are worse off under President Obama than in early 2009, when the economy was still technically in recession.

Democrat, Liberal, Obama, Oops, Economy

The Great Recession has now earned the dubious right of being compared to the Great Depression. In the face of the most stimulative fiscal and monetary policies in our history, we have experienced the loss of over 7 million jobs, wiping out every job gained since the year 2000. From the moment the Obama administration came into office, there have been no net increases in full-time jobs, only in part-time jobs. This is contrary to all previous recessions. Employers are not recalling the workers they laid off from full-time employment.

Democrat, Government, Incompetence, Obama, Economy

About 6.2 million Americans, 45.1 percent of all unemployed workers in this country, have been jobless for more than six months - a higher percentage than during the Great Depression.

Democrat, Liberal, Incompetence, Obama, Economy

The survey portrays a broadly pessimistic mood in the country this spring as higher gasoline prices, sliding home values and a disappointing employment picture have raised fresh concerns about the pace of the economic recovery. By 2 to 1, Americans say the country is pretty seriously on the wrong track, and nine in 10 continue to rate the economy in negative terms.

White House Press Secretary Jay Carney, was stumped this afternoon when ABC’s Jake Tapper questioned him about a new study that showed that under Obama household median annual incomes have fallen 4.8% since the recession technically ended in 2009. Go To Site

Democrat, Liberal, Government, Incompetence, Obama, Financial, Oops, Economy

The ailing US housing market passed a grim milestone in the first quarter of this year, posting a further deterioration that means the fall in house prices is now greater than that suffered during the Great Depression. The brief recovery in prices in 2009, spurred by government aid to first-time buyers, has now been entirely snuffed out, and the average American home now costs 33 per cent less than it did at the peak of the housing bubble in 2007.

Obama, Economy

“We’re going to pass through some rough terrain that even a Wrangler would have a tough time with,” Obama said, in reference to the Jeep truck produced at the Toledo plant. The quip was met with boos from the otherwise supportive employees in the audience.

Incompetence, Obama, Economy

Pointing to the dramatic turnaround in the Citigroup "Economic Surprise Index" for the United States, Riddell said the tumble in a matter of months to negative from positive is almost as bad as the situation before the collapse of Lehman Brothers in 2008.

Democrat, Liberal, Incompetence, Obama, Economy

Chart: Percent Job Losses In PostWWII Recessions

Discussing his economic policies at a fundraiser in Oakland, California, last night, President Obama, told supporters that “we tried our plan — and it worked.” Go To Site

Incompetence, Obama, Economy

If the election of America's first African-American president was expected to give blacks an economic boost, it hasn't emerged yet. Indeed, the percentage of African-American men with a job has dropped to its lowest level since records began in 1972, according to the government's monthly jobs report released last week. Even as the economy added a better-than-expected 244,000 jobs, the percentage of black males over 20 who are currently employed dropped slightly to 56.9, the Labor Department's April report shows. For whites, the equivalent figure is 68.1 percent.

Incompetence, Obama, Economy

NEW YORK (AP) — The Coalition for the Homeless says an all-time high number of New Yorkers turned to shelters last year. The coalition says a record 113,553 people — including 42,888 children — slept in shelters run by New York City in fiscal year 2010. That's an 8 percent increase over the previous year.

Obama, Oops, Economy

MYFOXNY.COM - If you think you've been seeing more people sleep on city streets, statistics back up the perception. The homeless population living on New York City streets has gone up 50 percent in the past year, according to city statistics reported by the HellsKitchenLife.com blog.

Democrat, Liberal, Incompetence, Obama, Financial, Debt

It took just 7 months for the National Debt to increase from $13 trillion on June 1, 2010 to $14 trillion on Dec. 31.

Pres. Obama says to CBS “Sunday Morning” that if he were in Romney’s shoes he would make the same argument on the poor economy (July 15, 2012). Go To Site

Democrat, Liberal, Incompetence, Obama, Economy

After five largely harmonious meetings in the past two years to deal with the most severe downturn since the Depression, major disputes broke out between Washington and China, Britain, Germany, and Brazil. Each rejected core elements of Obama’s strategy of stimulating growth before focusing on deficit reduction. Several major nations continued to accuse the Federal Reserve of deliberately devaluing the dollar last week in an effort to put the costs of America’s competitive troubles on trading partners, rather than taking politically tough measures to rein in spending at home.




Oct1
2015

Obama Decries Income Inequality

In the Clinton era expansion, 45 percent of the total income gains went to the top 1 percent; in the Bush recovery, the figure was 65 percent; now it is 93 percent.

Democrat, Government, Incompetence, Obama, Financial, Oops, Economy

Jeannine Aversa, AP Economics Writer, On Friday July 30, 2010, 8:34 am EDT WASHINGTON (AP) -- The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday, estimates the economy shrank 2.6 percent last year -- the steepest drop since 1946. That's worse than the 2.4 percent decline originally estimated.

Government, Incompetence, Financial

The Obama administration is forecasting that the deficit for the 2011 budget year, which begins Oct. 1, will remain above $1 trillion for a third straight year, projecting an imbalance of $1.27 trillion. And the administration predicts the imbalances over the next decade will total $8.5 trillion.

WASHINGTON – The federal budget deficit rose to $150.4 billion last month, the largest November gap on record.

The Joint Economic Committee (JEC), spearheaded by Texas congressman Kevin Brady, put out a report saying that the Obama recovery now ranks dead last in modern times. That’s a real milestone in the post-WWII era. It’s ten out of ten for both jobs and economic growth. According to the Bureau of Economic Analysis, real GDP has expanded only 6.7 percent over the eleven-quarter recovery since the recession ended. The Reagan recovery at the same stage had increased by 17.6 percent. The Clinton recovery by 8.7 percent. As for jobs, the Bureau of Labor Statistics reports that the number of private-sector jobs has grown by only 4.1 percent since the cyclical low point. Reagan’s record was 10.7 percent. Go To Site

Officials blamed the 34 percent increase on the recession and promised new efforts to deal with the problem.

Democrat, Liberal, Incompetence, Obama, Energy

Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58.

Democrat, Incompetence, Obama, Financial, Funny, Oops, Economy

White House press secretary Jay Carney says the Recovery Act added several million jobs and lowered the unemployment rate. According to Carney, the "goals" of the stimulus package "have been met."

A reporter asked Carney why unemployment is at 9% and not 7%, the percentage projected if the stimulus worked. Carney dismissed the question. "We've said repeatedly that we don't want to relitigate the battles of the past," Carney told the reporter.

Democrat, Liberal, Obama, Financial

The President will today propose a budget for 2012 in which the U.S. government would take in $2.627 trillion and spend $3.729 trillion. The 2012 budget deficit would be $1.101 trillion, less than this year’s projected $1.645 trillion deficit.

Smiley was particularly frustrated that Obama’s apparent love for African Americans was spouted during a time in which “new census numbers show that the wealth inequality gap between white and black folk has doubled during the president’s term in office.“ With ”black wealth“ continuing to ”evaporate,” the radio host wondered just how deep and genuine Obama’s love is. Go To Site

This year’s estimated decline, more than the $1.05 trillion drop in 2009, brings the loss since the June 2006 home-price peak to $9 trillion, the Seattle-based company said today in a statement.

WASHINGTON – The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.

The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be "an inevitable erosion and shift of wealth, much like we're seeing today in Europe--this is the bitter truth."

Incompetence, Obama, Economy

Just moments ago, President Obama gave a speech urging Congress to extend the payroll tax cut for another year by hiking taxes on job creators. What’s funny about this speech (aside from the claim it wasn’t political) is that the President claimed that “we’re not fully out of the recession yet.”

Better stay on script, BO.

The Rich Got Richer Under Obama

Inequality is increasing under Obama because the incomes of the top 20% of income earners are increasing, while the incomes for everyone else have been declining. That is right, Progressives, what all your huffing and puffing has achieved is the rich getting richer, and the poor getting poorer. -Peter Ferrara

What a complete loser. Too bad he took America along for the ride.

Obama's Stimulus

After nearly all the stimulus money has been spent, the Congressional Budget Office now admits it cost more than advertised, did less to boost growth and will hurt the economy in the long run.

Corporate Inversion

Corporate Inversion Under Obama

Sadly, the Obama administration’s policies have driven more and more industries out of the country. Since 2008, more than two dozen companies have taken advantage of inversion. -Ben Shapiro