Obamanomics

How the state of the economy is literally killing people

Betsy McCaughey, The New York Post

Middle-aged people laid off and unable to find work are taking another way out. They’re killing themselves. But you wouldn’t know it listening to President Obama and Hillary Clinton. President Obama whitewashes reality, claiming the “American economy is pretty darn good right now.”

Everything You Thought You Knew About the Unemployment Rate Is Wrong

Benjamin Weingarten, GenFKD.com

Do you have any idea what the current unemployment rate in America is? By the most popularly used “headline” Bureau of Labor Statistics (BLS) “U-3” measure that you see the figure as of November 2015 was five percent. Yet by another measure, the “U-6” rate, the figure as of November 2015 was almost double the U-3 rate at 9.9 percent. What gives?

Cruz hits ‘Obama economy’ in Labor Day message

Kyle Balluck, The Hill

"Under the Obama economy, we have seen the lowest labor force participation since the late 1970s,” the GOP presidential candidate said in a statement. “Manufacturing has steadily declined during Obama’s presidency, and the industriousness that has empowered workers and pioneered innovation is fading under his watch,” he added.

Obamanomics Fail: jobless claims rise to highest level since February

Reuters

New applications for U.S. unemployment insurance benefits rose last week to their highest rate since February; Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted 297,000 for the week that ended July 4, the U.S. Department of Labor said on Thursday.

Obamanomics Fail: US, UK, China economies weakening further

Reuters

The U.S, UK and Chinese economies are showing fresh signs of weakening while activity in the euro zone as a whole is firming up, the Organisation for Economic Co-operation and Development said on Wednesday. The OECD’s monthly leading indicator, a measure designed to flag turning points in the international economy, showed dips for the United States, the United Kingdom and other key economies such as China and Brazil in May.

Obamanomics Fail: job growth slows in June, labor force shrinks

Reuters

U.S. job growth slowed in June and Americans left the labor force in droves, according to a government report on Thursday that could tamper expectations for a September interest rate hike from the Federal Reserve. Nonfarm payrolls increased 223,000 last month, the Labor Department said. Adding to the report's soft note, April and May data was revised to show 60,000 fewer jobs were added than previously reported. With 432,000 people dropping out of the labor force, the unemployment rate fell two-tenths of a percentage point to 5.3 percent, the lowest since April 2008.

Obamanomics Still Destroying Economy: 2.2 percent growth, corporate profits fall

Reuters

Gross domestic product expanded at a 2.2 percent annual rate, unrevised from last month's forecast, the Commerce Department said on Friday in its third GDP estimate. The economy grew at a 5 percent rate in the third quarter. The government also reported that after-tax corporate profits fell at a 1.6 percent rate in the fourth quarter, as a strong dollar dented the earnings of multinational corporations.

U.S. stocks fell sharply on Tuesday

The Associated Press

Investors are nervous about the likelihood that Obama's Federal Reserve will increase in U.S. interest rates for the first time in nine years and there will be a plunge in the value of the euro as the dollar appreciates. The drop wiped out this year's gains for the Dow Jones industrial average and the Standard & Poor's 500 index.

U.S. unemployment up; fourth quarter productivity down

Reuters

The number of Americans filing new claims for unemployment benefits last week rose to its highest level since May, which could raise concerns about some weakness in the labor market. Other data on Thursday showed nonfarm productivity contracted more sharply than previously thought in the fourth quarter as output failed to keep up with a jump in hours.

America Is Still in a Recession and Quickly Becoming a Banana Republic

The government under Barack Obama keeps changing the way it measures economic performance in order to make the economy appear do be doing better than it really is and hide the damage Obamanomics has done to the country.