Category Archives: Government

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Obama media lies on September jobs report, Election year spin hides horrible jobs situation and economy, Janet Yellen questions job strength, Federal Reserve publishes labor market conditions index

Obama media lies on September jobs report, Election year spin hides horrible jobs situation and economy, Janet Yellen questions job strength, Federal Reserve publishes labor market conditions index

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

“Approximately 1 million more people could only find part time employment since Obama took office in January 2009.”…Citizen Wells August 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

If you are making investment decisions based on what you are reading in the mainstream media, you had better read the following.

The normal pro Obama media has outdone itself.

Why?

It is an election year and Obama is in trouble.

The recent stated unemployment rate of 5.9 percent was compared as the best since 2008.

What they did not tell you is the following reported at Citizen Wells on October 3, 2014.

“There were 315,000 more people not in the labor force in September. That is far more than the 248,000 jobs that were added.

The labor force participation rate at 62.7 percent is 3 percent higher than when Obama took office.

They are comparing the current unemployment rate to 2008. The rate was 5.8 percent in July 2008. However, the participation rate then was 66.1 percent.

That is 3.4 percent higher than today.

You do the math!

Also, there were 45,000 more people in September , not in the labor force who want a jobs now.

And don’t forget this from the Labor Dept.

“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.”

https://citizenwells.wordpress.com/2014/10/03/september-unemployment-rate-lowest-since-2008-248k-jobs-added-truth-is-more-people-dropped-out-of-labor-force-than-jobs-added-participation-rate-down-3-percent-since-jan-2009-excessive-part-time/

That is bad enough.

But it gets worse.

Straight from the US Labor Dept.

The unemployment rate for blacks is 11 percent. It was 10 percent in July 2008.

The lowest labor force participation rate during the 8 years of George Bush was 65.8 percent.

It is currently 62.7 percent with this great Obama economy.

The highest number of people unemployed over 27 weeks during the 8 years of George Bush was 2,610,000.

The highest number under Obama was 6,770,000. It is currently 2,954,000 and would be higher if so many people had not dropped out of the labor force.

When Obama took office in January 2009 there were 5,708,000 million people not in the labor force who want a job now. There are currently 6,349,000 people in that category.

There are 12 million more people not in the labor force than when Obama took office in 2009.

From the Greensboro News Record October 3, 2014.

“For example, there were 7.1 million people working part-time jobs last month even though they would prefer full-time work. That figure is up from just 4.6 million before the recession.

And there are 3 million people who have been out of work for more than six months. That figure has declined steadily in the past three years but is still more than double its precession total.”

Read more:

http://www.news-record.com/news/u-s-jobless-rate-falls-to–year-low-of/article_d51fda54-4b05-11e4-b8be-001a4bcf6878.html?TNNoMobile

Janet Yellen has been raising concerns about the validity of the jobs data for months.

From Market Watch October 1, 2014.

“Starting next week, a new indicator may roil the markets

The Federal Reserve will publish a new monthly gauge of the health of the labor market, called the labor market conditions index, beginning next Monday, the central bank announced Wednesday.

The report is an attempt to dig deeper into labor market trends beyond the standard monthly unemployment rate measure.

Fed Chairwoman Janet Yellen and her allies have argued that the improvement in the unemployment rate over the past year has overstated the strength of the labor market. How much slack remains in the economy is a key factor in how patient the central bank can be before lifting off short-term interest rates from zero.”

Read More:

http://blogs.marketwatch.com/capitolreport/2014/10/01/starting-next-week-a-new-indicator-may-roil-the-markets/

From “1984” by George Orwell.

“But actually, he thought as he re-adjusted the Ministry of Plenty’s figures, it was not even forgery. It was merely the substitution of one piece of nonsense for another. Most of the material that you were dealing with had no connexion with anything in the real world, not even the kind of connexion that is contained in a direct lie. Statistics were just as much a fantasy in their original version as in their rectified version. A great deal of the time you were expected to make them up out of your head. For example, the Ministry of Plenty’s forecast had estimated the output of boots for the quarter at one-hundred-and-forty-five million pairs. The actual output was given as sixty-two millions. Winston, however, in rewriting the forecast, marked the figure down to fifty-seven millions, so as to allow for the usual claim that the quota had been overfulfilled. In any case, sixty-two millions was no nearer the truth than fifty-seven millions, or than one-hundred-and-forty-five millions. Very likely no boots had been produced at all. Likelier still, nobody knew how many had been produced, much less cared. All one knew was that every quarter astronomical numbers of boots were produced on paper, while perhaps half the population of Oceania went barefoot. And so it was with every class of recorded fact, great or small. Everything faded away into a shadow-world in which, finally, even the date of the year had become uncertain.”

 

IRS Deputy Associate Chief Counsel Thomas Kane emails backups may exist, More computer problems with less than 20 individuals, Chairman Issa IRS attempted to keep key witness Mr. Kane away from investigators

IRS Deputy Associate Chief Counsel Thomas Kane emails backups may exist, More computer problems with less than 20 individuals, Chairman Issa IRS attempted to keep key witness Mr. Kane away from investigators

“Don’t think I want to be on stage with Grassley on this issue.”…Lois Lerner email

“The IRS is clearly in full cover-up mode,” “It is well past time for the Obama administration to answer to a federal court about its cover up and destruction of records.”…Judicial Watch President Tom Fitton

 

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

From the the House Committee on Oversight and Government Reform July 21, 2014.

“New Testimony: IRS May Still Have Missing Lois Lerner E-mails Backed Up”

“Official in charge of document production also raises possibility of new e-mail losses from ‘less than 20’ officials

During a transcribed interview with congressional investigators on Thursday, July 17, IRS Deputy Associate Chief Counsel Thomas Kane, who supervises the IRS’s targeting scandal document production to Congress, testified that new developments now make him uncertain whether e-mail back-up tapes containing lost e-mails from key IRS targeting official Lois Lerner exist or not.  The new testimony is at odds with the June 13, 2014, memo sent to Sens. Ron Wyden (D-OR) and Orrin Hatch (R-UT) by the IRS which reported that the IRS, “Confirmed that back-up tapes from 2011 no longer exist because they have been recycled.”  Kane had reviewed the June 13 memo but noted his current uncertainty with investigators.

Kane and a Committee investigator had the following exchange during Thursday’s transcribed interview:

Investigator: You stated at the time that document was produced to Congress, the document, the white paper in Exhibit 3[the June 13 memo], that it was accurate to the best of your knowledge.  Is it still accurate?

Kane: There is an issue as to whether or not there is a ‑‑ that all of the backup recovery tapes were destroyed on the 6‑month retention schedule. 

Investigator: So some of those backup tapes may still exist?

Kane: I don’t know whether they are or they aren’t, but it’s an issue that’s being looked at. 

Kane also testified that in addition to the IRS officials who had experienced hard drive crashes, as reported to the House Ways & Means Committee, a number of officials above and beyond these officials “have had computer problems over the course of the period covered by the investigations and the chairman’s subpoena” that could prevent the IRS from fully complying with the subpoenas.  Kane characterized the number of such individuals as “less than 20” and named IRS officials Andy Megosh, Kimberly Kitchens, Justin Lowe, and David Fish as members of the new group.

Justin Lowe – Technical Advisor to the Commissioner of Tax-Exempt and Government Entities, before that he was a tax-law specialist in EO (Exempt Organizations) Technical and then EO Guidance.  Advisor to Tax-Exempt and Government Entities Commissioner Joseph Grant.

David Fish – Manager of EO Guidance (which develops formal and informal guidance to the public on tax-exempt issues); Fish also served as Acting Director of Rulings and Agreements in late 2011/early 2012. Advisor to Lois Lerner.

Andy Megosh – Group manager in EO Guidance.  Megosh was cited in the Ways and Means Committee’s referral of Lerner Lerner to the Justice Department.

Kimberly Kitchens – IRS revenue agent in Cincinnati who donated to President Obama’s reelection campaign.

Chairman Issa issued the following statement on the new revelations in Kane’s testimony:

“I’m struck by the fact that the IRS attempted to keep a key witness like Mr. Kane away from investigators and only agreed to his appearance after I issued a subpoena for his testimony. Finding out that IRS Commissioner Koskinen jumped the gun in reporting to Congress that the IRS ‘confirmed’ all back-up tapes had been destroyed makes me even more suspicious of why he waited months to inform Congress about lost Lois Lerner e-mails.  Commissioner Koskinen has repeatedly blamed the reporting delay on an effort to be sure what he said was correct, we now know that wasn’t the case.”

 An expanded transcript of Mr. Thomas Kane’s exchange about the possibility that e-mail back-up tapes may still exist falls below:

Q1- And the white paper that you identified, that you called a white paper in Exhibit 3, you said that you had an opportunity to review that before it was produced.  Is that accurate?

A- Yes.

Q1- And to the best of your knowledge, was that document an accurate representation of the information within it?

A- At that time, that was certainly accurate. 

Q1- And if you had had any concerns about the accuracy of that document, would you have raised them?

A- Yes. 

Q1- And did you raise any concerns about the accuracy of that document?

A- As I indicated earlier, I had some issues that are suggested edits that I thought needed to be made, and there was a discussion about those, and there were some changes made.  They weren’t major, but, you know, I was accommodated. 

Q1- So the end product was accurate?

A- That was the state of knowledge and facts as we knew it when the document was set up.

Q1- Thank you very much.  I really appreciate the many hours you’ve spent with us. 

Q2- Sir, if I could just ask you one clarifying question based on your answers to those questions.  You stated at the time that document was produced to Congress, the document, the white paper in Exhibit 3, that it was accurate to the best of your knowledge.  Is it still accurate? 

A- There is an issue as to whether or not there is a ‑‑ that all of the backup recovery tapes were destroyed on the 6‑month retention schedule. 

Q2- So some of those backup tapes may still exist?

A- I don’t know whether they are or they aren’t, but it’s an issue that’s being looked at. 

Q2- By who?

A- It’s part of the TIGTA investigation.

Q2- So no one in the IRS, to your knowledge, outside of TIGTA, is looking at that issue?

A- The IRS is not looking at anything being investigated by TIGTA. 

Q2- And when was that issue identified?

A- Sometime after the white paper was sent up. 

Q2- And has there been any discussion about disclosing that issue to Congress, to the best of your knowledge?

A- I don’t know whether it has or it hasn’t been.  I thought Chairman Issa asked a question about it at the last hearing, but I could be wrong about that. 

Q2- The hearing with Commissioner Koskinen?

A- Yes.

Q2- And did the Commissioner give an accurate response to that question?

A- I forget how the question was framed, but I thought I had a recollection that Chairman Issa had asked the Commissioner about a backup tape issue looking ‑‑ being looked at by TIGTA.  That’s the context of my recollection. 

Q2- Anything else that you’re aware of that you can tell us about about the issue of the potential availability of a backup tape? 

Kane’s Counsel – Objection to form.

A- Again, it’s all under investigation by TIGTA at this point in time.  And I don’t know if there is a backup tape with information on it or there isn’t.  I know that there’s an issue out there about it. 

Q2- Okay.  Thank you, sir. 

(Q1= Committee investigator #1; Q2= Committee investigator #2; A= Kane)”

http://oversight.house.gov/release/new-testimony-irs-may-still-missing-lois-lerner-e-mails-backed/

NC Senator Richard Burr VA VHA update May 23, 2014, S 2362 prohibits bonuses through 2015, Inspector General report VHA accurately processed only 69% of Quick Start claims

NC Senator Richard Burr VA VHA update May 23, 2014, S 2362 prohibits bonuses through 2015, Inspector General report VHA accurately processed only 69% of Quick Start claims

“Veterans are tired of waiting for the next report, the next investigation, the next media “Breaking News Alert.” VA is broken, Mr. President.  Veterans don’t want the appearance of leadership on this issue.  They want action.”…NC Senator Richard Burr, May 23, 2014

“If ever a time should come, when vain and aspiring men shall possess the highest seats in Government, our country will stand in need of its experienced patriots to prevent its ruin”…Samuel Adams, 1776

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

From NC Senator Richard Burr May 23, 2014.

“This week, I continued to work along with some of my colleagues on addressing the serious problems facing the VA and the Veterans Health Administration. On Tuesday, Senator Deb Fischer (R-Neb.) and I introduced S. 2362, legislation that would prohibit the payment of bonuses to employees at the Veterans Health Administration (VHA) through Fiscal Year 2015.

It is appalling and totally unacceptable that the VHA, which is being scrutinized by Congress and the media for a string of national scandals, is giving out bonuses. It is totally inconceivable that the Veterans Health Administration can justify rewarding themselves while they fail our veterans. It is my hope that the Senate will swiftly adopt this legislation so that such gross misconduct is no longer rewarded at taxpayer expense. To read the full statement on S. 2362, click here.

Also on Tuesday, the Office of Inspector General (IG) released a report on the Veterans Benefits Administration (VBA) Quick Start Program. The Quick Start program was designed to help service members smoothly transition to civilian life by beginning the disability claims process for veterans prior to their separating from the Armed Forces. However, this new IG report shows that numerous factors — such as ineffective use of resources, inadequate training, and insufficient program controls — led to problems with the timeliness and quality of VA’s decisions on these claims. The IG found that the VBA accurately processed only 69% of Quick Start claims during 2013.  That is 29% lower than VA’s 98% goal and well below VA’s reported quality measures.  In light of last week’s hearing regarding the accuracy and trustworthiness of Veterans Health Administration’s wait time data, I question the Administration’s claim that the VA disability claims backlog is improving. The findings in this report are symptomatic of the ongoing, pervasive problems at the VA. Congress must conduct aggressive oversight to make sure that the VA is treating our veterans with the respect that they deserve. To read IG’s full report, click here.

On the topic of oversight, this week minority members of the Senate VA Committee and myself signed a letter calling on Chairman Sanders of the Senate Committee on Veterans’ Affairs to hold several oversight hearings on numerous topics including, but not limited to, the Veterans Health Administration, the quality of VA healthcare, and the integrity of the VA’s data and performance metrics. It is obvious from the ongoing VA scandals and the report above that the Department desperately needs vigorous oversight. It is our mission as a committee to provide oversight; yet the Chairman has chosen to ignore reasonable requests for hearings. My fellow minority members and I hope that this letter will be heard and oversight hearings will be scheduled immediately. To read the full text of the letter sent to Chairman Sanders, click here.

This week, President Obama held a press conference addressing the issues within the Veterans Administration. I listened with great interest to the President’s remarks on the unfolding VA scandals. Quite frankly, I am shocked that the President feels he needs to wait for the results of yet another investigation before he takes action. As we discussed in our committee hearing with the Secretary last week, there are at least four years’ worth of reports from the Inspector General, the Government Accountability Office, the Office of Special Counsel, and Office of the Medical Investigator highlighting the problems within the Veterans Health Administration.  Yet, we still can’t connect the dots without a report on Phoenix?  Veterans are tired of waiting for the next report, the next investigation, the next media “Breaking News Alert.” VA is broken, Mr. President.  Veterans don’t want the appearance of leadership on this issue.  They want action. To watch the President’s full press conference, click here. For the transcript of this video, click here.

On Wednesday, I introduced legislation to correct a mistake by the Census Bureau and the Office of Management of Budget (OMB) that is hurting eastern North Carolina. A year ago, OMB issued new rules that arbitrarily separated Brunswick County from the Wilmington metropolitan area. This separation has not only led to an understatement of the size of North Carolina’s economy, but hurt economic development in the area. Everybody in North Carolina knows that Brunswick County is part of the greater Wilmington area. Instead of mindlessly applying bureaucratic rules, the Administration needs to address what reality looks like for people in North Carolina. If passed, this legislation would settle the issue by requiring the Director of the Office of Management and Budget to consider Brunswick County to be part of the same metropolitan statistical area as Wilmington, North Carolina– just like it always has been. To read the bill text, click here.

Be sure to keep an eye out for a special edition of my weekly newsletter, and spend time this weekend reflecting on the real meaning of Memorial Day. As we gather with our families, give thanks and honor to those who gave their lives for our freedom. I wish you all a happy and safe Memorial Day weekend.

        Sincerely,

Richard Burr”

Dept. of Agriculture submachine gun bid proposal, Preparation for rebellion and civil unrest?, Ukraine Russia tensions lead to world war?, Manufactured crisis or Obama economy collapse?

Dept. of Agriculture submachine gun bid proposal, Preparation for rebellion and civil unrest?, Ukraine Russia tensions lead to world war?, Manufactured crisis or Obama economy collapse?

“Germans who wish to use firearms should join the SS or the SA – ordinary citizens don’t need guns, as their having guns doesn’t serve the State.”…Heinrich Himmler

“Obama is by character and preference, a dictator…Like Hitler, he needs a powerful domestic army to terrify any opposition that might arise…Obama will put a thin veneer of training and military structure on urban gangs and send them out to channel their violence against Obama’s enemies.”…Orson Scott Card, Rhino Times May 16, 2013

“We control life, Winston, at all its levels. You are imagining that there is something called human nature which will be outraged by what we do and will turn against us. But we create human nature. Men are infinitely malleable.”…George Orwell, “1984″

 

 

 

Is the continued purchase of weapons and ammo by US Government Agencies in preparation for war, civil unrest due to the collapse of the Obama economy or another Obama camp manufactured crisis?

From Libertyblitzkrieg May 15, 2014.

“The following solicitation from the U.S. Department of Agriculture almost defies belief. We’ve seen this type of bizarre behavior before, but it has mostly originated from the American Gestapo, aka the Department of Homeland Security (DHS). I highlighted this trend early last year in my post: Department of Homeland Security to Purchase 7,000 “Assault Weapons”.

Here’s a screenshot of the solicitation from the Department of Agriculture (click on the image to get to the source page):”

Screen Shot 2014-05-15 at 11.05.18 AM

” For the United States region, I predict more of a rebellion and civil unrest scenario that consists of the status quo versus the people. I also think it’s obvious the status quo knows this, which is why they are stealing everything in sight and setting up a total surveillance state.”

Read more:

http://libertyblitzkrieg.com/2014/05/15/the-department-of-agriculture-launches-proposal-to-purchase-submachine-guns/

USDA proposal.

https://www.fbo.gov/index?s=opportunity&mode=form&id=9fc3a01217d03b0354e1e18b69aa7bad&tab=core&_cview=0

From Ithaca.edu.

“Adolf Hitler’s rise to power in Nazi Germany is nothing less than astounding.  In a little over a year, one man completely manipulated an entire government and legal system to acquire a totalitarian regime.  What many are not aware of is how Hitler’s strategy arose.  After a failed coup attempt in 1923, a short stay in prison and a controversial novel, Adolf Hitler abandoned his ideas that force was the sole solution in achieving complete control over Germany.  His second attempt revolved around statutes and regulations.  By understanding and contorting the law Hitler achieved sole political control and completely reorganized the German judiciary, all while under a blanket of legitimacy.”
“In 1929 Hitler revamped his political plan. With legality in mind, the party began to pursue middle and lower-class voters in small towns and rural areas. By the end of the year the strategy was beginning to show real promise.[8] For the following three years the Nazi party continued to grow as the Weimar continued to falter. Hitler’s came to a new and important realization in 1930. It was then that Hitler realized that the majority in the Reichstag was not important, the parties were too great and alliances too divided. The only means to accomplish anything was through the presidential decrees that Hindenburg was forced to continually make. Although Hitler had now realized the secret key to attaining power, initial popularity was still immensely important.

Before the 1932 elections Hitler participated in the “Hitler Over Germany” campaign where he spoke in fifty cities in fifteen days. The Nazis were extremely successful at presenting different platforms dependant upon the audience. The party members pitched their themes to the needs and fears of the appropriate social groups, and always relentlessly stressing their promise to rebuild Germany to her past glory.”
“The next step in Hitler’s “legal seizure” of power came on March 23, 1933. The Nazis sought the passage of the Law to Remove the Distress of the People and the State, or the Enabling Acts, which would empower the government to dispense of the constitution for four years while it issued laws, unchecked, which would deal with the country’s problems.[11] The Center Party’s vote solidified the Enabling Acts, and now the cabinet was given national lawmaking powers. The four-year expiration date was irrelevant.[12] Immediately thereafter the process of Gleichschaltung, the coordination of the German institutions with the Nazi party, led to a series of enactments further reducing the power of state governments.

Finally, on August 2, 1934, President Hindenburg died and three days later Hitler assumed the combined powers of Chancellor and President, consolidating them into the position of Führer. In order to further enhance his power he required that the public officials and members of the armed forces swear a personal oath of loyalty not to their constitution, but to Hitler himself.”

Read more:

http://www.ithaca.edu/history/journal/papers/fa03Hitler.htm

Thanks to Zero Hedge for the tip.

 

 

Obama Yellen Perez Big Brother, Distortions and lies aboout economy and jobs, Orwellian employment spin, Jobs added jobs lost, Labor force plummets, Obamacare and Obama economy cause part time jobs

Obama Yellen Perez Big Brother, Distortions and lies aboout economy and jobs, Orwellian employment spin, Jobs added jobs lost, Labor force plummets, Obamacare and Obama economy cause part time jobs

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

“The Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones. As for the third message, it referred to a very simple error which could be set right in a couple of minutes. As short a time ago as February, the Ministry of Plenty had issued a promise (a ‘categorical pledge’ were the official words) that there would be no reduction of the chocolate ration during 1984. Actually, as Winston was aware, the chocolate ration was to be reduced from thirty grammes to twenty at the end of the present week. All that was needed was to substitute for the original promise a warning that it would probably be necessary to reduce the ration at some time in April.”…George Orwell, “1984”

 

 
Of course jobs have been added over the past 5 years. Jobs have also been lost. The big story is the record drop in the labor force participation rate and the increase in part time jobs due to Obamacare and the Obama economy.

Obama, Janet Yellen and Labor Secretary Perez have used the best Orwellian linguistics to portray a dismal jobs situation as rosy.

Janet Yellen gave a speech yesterday.

Yellen talks out of both sides of her mouth.

From the transcript.

“Nearly five years into the expansion that began after the financial crisis and the Great Recession, the recovery has come a long way. More than 8 million jobs have been added to nonfarm payrolls since 2009, almost the same number lost as a result of the recession.”

“It is a sign of how far the economy has come that a return to full employment is, for the first time since the crisis, in the medium-term outlooks of many forecasters. It is a reminder of how far we have to go, however, that this long-awaited outcome is projected to be more than two years away.”

“The continued improvement in labor market conditions has been important in this judgment. The unemployment rate, at 6.7 percent, has fallen three-tenths of 1 percentage point since late last year. Broader measures of unemployment that include workers marginally attached to the labor force and those working part time for economic reasons have fallen a bit more than the headline unemployment rate, and labor force participation, which had been falling, has ticked up this year.”

“In sum, the central tendency of FOMC participant projections for the unemployment rate at the end of 2016 is 5.2 to 5.6 percent, and for inflation the central tendency is 1.7 to 2 percent. If this forecast was to become reality, the economy would be approaching what my colleagues and I view as maximum employment and price stability for the first time in nearly a decade. I find this baseline outlook quite plausible.”

“Other data suggest that there may be more slack in labor markets than indicated by the unemployment rate. For example, the share of the workforce that is working part time but would prefer to work full time remains quite high by historical standards. Similarly, while the share of workers in the labor force who are unemployed and have been looking for work for more than six months has fallen from its peak in 2010, it remains as high as any time prior to the Great Recession. There is ongoing debate about why long-term unemployment remains so high and the degree to which it might decline in a more robust economy. As I argued more fully in a recent speech, I believe that long-term unemployment might fall appreciably if economic conditions were stronger.

The low level of labor force participation may also signal additional slack that is not reflected in the headline unemployment rate. Participation would be expected to fall because of the aging of the population, but the decline steepened in the recovery. Although economists differ over what share of those currently outside the labor market might join or rejoin the labor force in a stronger economy, my own view is that some portion of the decline in participation likely represents labor market slack.”

http://www.marketwatch.com/story/text-of-janet-yellens-speech-2014-04-16?link=MW_latest_news

How about this gem.

“I believe that long-term unemployment might fall appreciably if economic conditions were stronger.”

Ya think?
Classic Obama lies from a speech yesterday in Oakdale, Pennsylvania.

“Now, we’ve spent the past five and a half years fighting back from the worst economic crisis in our lifetimes. The good news is our economy is growing again, our businesses are creating jobs. We’ve created nearly 9 million jobs over the past four years. We’ve cut our deficits by more than half. Our manufacturing sector that used to be losing jobs, just hemorrhaging jobs, is now adding jobs for the first time since the 1990s. (Applause.) The first time since the 1990s. High school dropout rates are going down. College attendance rates and graduation rates are going up. Our troops are coming home. (Applause.) We’re seeing an energy boom all across the country. And more than 7.5 million people have been able to sign up for health care, many for the very first time, through the Affordable Care Act. (Applause.) And 7.5 million people, by the way, is about the number that it would take to fill up Heinz Field 115 times.”

http://www.whitehouse.gov/the-press-office/2014/04/16/remarks-president-and-vice-president-skills-training

From Citizen Wells April 7, 2014.

 

“The US Labor Dept. reported the March employment data on Friday April 4, 2014.

US Secretary of Labor Thomas E. Perez issued the following statement:

“Today’s report tells the story of a solid and steady economic recovery delivering more opportunity for more people. We saw 192,000 new jobs in the month of March, and the private sector has now created 8.9 million jobs over the last 49 consecutive months of employment growth. The unemployment rate held steady at 6.7 percent and is down from 7.5 percent a year ago.
“There is encouraging news across sectors. Health-care employment increased by 19,000 jobs. The average work week in manufacturing rebounded to 42.0 hours, tied for the highest mark since July 1945. Motor vehicle sales had their strongest month in seven years. At the height of the recession, there were six job seekers for every job available. Today, it’s two-and-a-half people competing for every open job.
“Without question, there is more still to do. On issues from infrastructure to immigration reform, from manufacturing to the minimum wage, there are steps Congress can take that will help more people punch their ticket to the middle class.
“For the 57th straight month (since the middle of 2009), at least one-third of jobless Americans have been unemployed for more than 27 weeks. So, priority number one must be for the House and Senate to extend emergency unemployment benefits that they irresponsibly allowed to expire more than three months ago, creating profound hardship for 2.3 million people. These benefits are a critical lifeline for job seekers struggling to get back on their feet; but they also act as a broader economic stimulus, putting money in people’s pockets and spurring consumer demand.
“The success of the Affordable Care Act is helping working families enjoy greater economic security, the peace of mind of knowing they won’t be wiped out by an injury or illness. The open enrollment period ended with 7.1 million people signing up for health coverage they didn’t have before. The ACA will help provide a shot in the arm to the economy, as people are free to start their own businesses and pursue entrepreneurial ventures now that their health insurance is no longer tied to their job.”

http://www.dol.gov/opa/media/press/opa/opa20140572.htm

The “1984″ analogy is obvious.

As most of you know, Obamacare is costing millions of Americans far more in healthcare premiums.

Despite the best linguistic efforts of Secretary Perez to put a positive spin on the impact of Obamacare, it is also impacting jobs.

From the Duke University Fuqua School of Business, December 11, 2013.

“——————————————-
DUKE UNIVERSITY NEWS
Duke University Office of News & Communications

http://www.dukenews.duke.edu

——————————————-

FOR IMMEDIATE RELEASE: Wednesday, Dec. 11, 2013
CONTACTS: Kevin Anselmo (Duke’s Fuqua School of Business)
(919) 660-7722
kevin.anselmo@duke.edu
or
David W. Owens (CFO Magazine)
(617) 790-3000
davidowens@cfo.com

CFO SURVEY: AFFORDABLE CARE ACT COULD CURTAIL HIRING

Note to editors: For additional comment, see contact information at the end of this release.
Watch professor John Graham discuss the results (or use this link
http://youtu.be/F4oj8d5F9Jo). You may also post this video on your website. Names of CFOs who took part in the survey and agreed to speak with media are available by request.

DURHAM, N.C. — A significant percentage of U.S. chief financial officers indicate that because of the Affordable Care Act (ACA), they may reduce employment growth at their firms and shift toward part-time workers.

A majority of finance chiefs also believe the full Social Security retirement age should be raised to help close the budget shortfall.

Despite these issues, underlying economic conditions are expected to improve in 2014 and, except in Europe, corporate charitable giving remains strong

These are some of the findings from the latest Duke University/CFO Magazine Global Business Outlook Survey, which concluded Dec. 5. The survey has been conducted for 71 consecutive quarters and spans the globe, making it the world’s longest running and most comprehensive research on senior finance executives. Presented results are for U.S. firms unless otherwise noted.

EMPLOYMENT EFFECTS OF THE AFFORDABLE CARE ACT

Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA.
One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”

Read more:

http://www.cfosurvey.org/14q1/PressRelease.pdf

From data provided by the US Labor Dept. we learn:

The Labor Force Participation Rate has dropped 2.5 percent since Obama took office in January 2009 and actually has dropped .1 percent the past year.

The number of people who could only find part time work has risen 1,055,000 since Obama took office and has risen 146,000 in the past year.

The only statement from Secretary Perez that reflects reality is:

“For the 57th straight month (since the middle of 2009), at least one-third of jobless Americans have been unemployed for more than 27 weeks.””

https://citizenwells.wordpress.com/2014/04/07/labor-secretary-perez-on-march-employment-numbers-fact-vs-fiction-solid-and-steady-economic-recovery-obamacare-helping-working-families-enjoy-greater-economic-security/

 

Orwellian nation of Obamathink, Obama doublespeak, Affordable Care Act means higher premiums, Lower hours worked frees from job lock, Record job market dropouts means lower unemployment

Orwellian nation of Obamathink, Obama doublespeak, Affordable Care Act means higher premiums, Lower hours worked frees from job lock, Record job market dropouts means lower unemployment

 
“Winston dialed “back numbers” on the telescreen and called for the appropriate issues of the Times, which slid out of the pneumatic tube after only a few minutes’ delay. The messages he had received referred to articles or news items
which for one reason or another it was thought necessary to alter, or, as the official phrase had it, to rectify. For example, it appeared from the Times of the seventeenth of March that Big Brother, in his speech of the previous day,
had predicted that the South Indian front would remain quiet but that a Eurasian offensive would shortly be launched in North Africa. As it happened, the Eurasian Higher Command had launched its offensive in South India and left North Africa alone. It was therefore necessary to rewrite a paragraph of Big Brother’s speech in such a way as to make him predict the thing that had actually happened.”…George Orwell, “1984”

“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984”

Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984”

We saw this coming early in 2008 and reported it.

From GOPUSA  February 18, 2014.

“The nightmare societies portrayed in the George Orwell novels “Nineteen Eighty-Four” and “Animal Farm” gave us the word “Orwellian.” That adjective reflects a vast government’s efforts not just to deceive and control the people, but also to do so by reinventing the meaning of ordinary words while rewriting the past itself.

America, of all places, is becoming Orwellian. The president repeatedly reminds the American people that under his leadership, the United States has produced a record level of new oil and natural gas. However, didn’t President Obama radically curtail leases for just such new energy production on federal lands?

Have the edicts on the barn wall of “Animal Farm” been changed again, with the production of new oil and gas going from bad to suddenly good?

Does anyone remember that the “Affordable Care Act” was sold on the premise that it would guarantee retention of existing health plans and doctors, create 4 million new jobs and save families $2,500 a year in premiums, all while extending expanded coverage to more people at a lower cost?

Only in Orwell’s world of doublespeak could raising taxes while the costs of millions of health plans soars be called “affordable.” Is losing your existing plan and doctor a way of retaining them?

The Congressional Budget Office recently warned that Obamacare would “keep hours worked and potential output during the next 10 years lower than they would be otherwise.” That nonpartisan verdict should be bad news for workers.

Not in our brave new world. The Obama administration says it is pleased that workers will now be freed from “job lock.”

What is job lock – a made-up Newspeak word right out “Nineteen Eighty-Four”? Work fewer hours, make less money and create fewer outputs – and be happy.”

“In 2004, many in the media reported that George W. Bush, the demonized Emmanuel Goldstein of our era, had overseen a “jobless recovery.” Unemployment at election time in 2004 was 5.4 percent.

Yet since January 2009, only two months have seen joblessness dip slightly below 7 percent. A record 90 million able-bodied Americans are not participating in the workforce.

Yet the president, in Orwellian doublespeak fashion, recently claimed that the job picture is good. If 5.4 percent unemployment was once called a jobless recovery, are we now in a jobless recovery from a jobless recovery?”

Read more:

http://www.gopusa.com/freshink/2014/02/18/an-orwellian-nation-of-obamathink/

NC employment November 2013, Fact vs fiction, Unemployment rate drops from 9.5 to 7.4 percent, Jan to Nov 2013, Fewer working in Nov than Jan, Labor force participation rate plummets

NC employment November 2013, Fact vs fiction, Unemployment rate drops from 9.5 to 7.4 percent, Jan to Nov 2013, Fewer working in Nov than Jan, Labor force participation rate plummets

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

I expect orwellian employment reporting from the Obama controlled US Government. I am less inclined to expect the same from the state of NC.

The unemployment rate fell from 9.5 percent in January to 7.4 percent in November. Yet there were fewer people employed in November than January.

More on this below.

Once again the Greensboro News record has done a fair job of pointing out that much of the decline in the unemployment rate was due to people dropping out of the Labor Force.

From the News Record December 21, 2013.

“North Carolina’s unemployment rate declined sharply in November to its lowest level in more than five years, the state Commerce Department said Friday, but seemingly inconsistent data raise questions about how many new jobs are actually being created.

The jobless rate of 7.4 percent compares to 8 percent in October and 8.9 percent back in July. The state rate is also inching closer to the national rate, which was 7 percent in November.

The department’s Labor and Economic Analysis Division said the number of people employed in North Carolina grew in the past month by just over 20,000 to more than 4.3 million.

But the labor force itself declined by 8,100, attributed in part to the long-term unemployed giving up on looking for work, said Andrew Brod, a senior researcher within the business school at the University of North Carolina at Greensboro. Over the past 12 months, the labor force has declined by 95,000, while the number of employed has grown by just 6,100, according to division data.

With more detailed industry survey data released showing total nonfarm employment falling by 6,500 positions, Brod said it’s uncertain how much of the drop in the jobless rate is actually due to more hiring.

The unemployment number “looks great, but it’s a continuation of a six-month trend at least in which drops in the unemployment rate are happening mostly because of people leaving the labor force,” Brod said in an interview. “This number looks good, but I take it with a grain of salt.””

Read more:

http://www.news-record.com/news/north_carolina_ap/article_690e003d-6c30-5704-b651-33e0326c7e63.html

Why is the following not being reported?

In January of 2013 there were 4,322,922 people employed.

In November of 2013 there were 4,314,502 people employed.

The labor force participation rate plummeted from 63.4 percent to 61.3 percent in the same period.

http://esesc23.esc.state.nc.us/d4/LausSelection.aspx

This is good news???