Monday, February 25, 2013

Obama Voters: Low-income People Hit Hard by Tax Increases

(CSMonitor) Retailers are preparing for a triple whammy as the restoration of the payroll tax, surging gas prices, and stagnant employment and wages take a bite out of consumers’ disposable income, leaving them with less cash to spend on clothing, groceries, and eating out.

As a result, more than three years after the recession officially ended, American consumers might be preparing to downshift again, if only slightly, with low-income consumers hit the hardest.

In a survey released Thursday, the National Retail Federation (NRF) said some 46 percent of consumers plan to spend less as a result of the payroll tax increase.

That means Americans making $50,000 a year will pay $83 more in taxes each month, almost $1,000 more each year. Those making $75,000 will pay $125 more each month, or $1,500 more each year. As retailers see it, that’s $1,500 less a consumer has to spend on groceries, household goods, and dining out.

Are you better off now than 8 years ago under George W. Bush?? Stupid people. Now accept the consequences of your stupidity by putting this moron back in office. I can't believe the American people bought-in to the president's rhetorical crap!

Thursday, February 14, 2013

OBAMA SOTU Stress to Increase Minimum Wage??

To Liberals who need a simplified answer to the minimum waged debate, please read the above picture. Business can pay whatever they want to their employees. If the pay sucks, find another job. It is your choice to get an education and make a difference or work flipping burgers. Business create jobs. A companies goal is to make a profit and to make shareholders (the investors) happy. Government intervention destroys business.

Monday, February 11, 2013

China Got USA by the Balls, Obama Bows to China

( - In data released Thursday afternoon, the Federal Reserve revealed that its holdings of U.S. government debt had increased to an all-time record of $1,696,691,000,000 as of the close of business on Wednesday.

The Fed's holdings of U.S. government debt have increased by 257 percent since President Barack Obama was first inaugurated on Jan. 20, 2009, and the Fed is currently the single largest holder of U.S. government debt.

As of the end of November, according to the U.S. Treasury, entities in Mainland China owned about $1,170,100,000,000 in U.S. government debt, making China the largest foreign holder of U.S. government debt.

When Obama was inaugurated in 2009, the Fed owned $475.322 billion in U.S. government debt. As of the close of business on Wednesday, Jan. 23, the Fed owned $1.696691 trillion in U.S. government debt, up $1.221369 trillion during Obama's first term.

Obama has weaken the United States. It is so ironic how people still blame on Bush for ruining the country. These people need to look at themselves in the mirror. Adding to insult, China got United States by the balls because they hold most of our debt.

Saturday, February 2, 2013

Obama Blames Himself in making Bad Decisions on Economy

(WeeklyStandard) In his weekly address, President Barack Obama blamed the economic problems on "bad decisions."

"[T]his week, we also received the first estimate of America’s economic growth over the last few months. And it reminded us that bad decisions in Washington can get in the way of our economic progress," said Obama, presumably referring to the uptick in unemployment from 7.8 percent to 7.9 percent and the news that the economy contracted in the final quarter of last year.

The president did not name which decisions were "bad," and who specifically was to blame for those "bad decisions." But he did blame Washington.


Friday, February 1, 2013

Cheapest Obamacare Plan is $20K. ITS NOT FREE, STUPID

( – In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.

Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS.

The IRS's assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan.

The examples point to families of four and families of five, both of which the IRS expects in its assumptions to pay a minimum of $20,000 per year for a bronze plan.

I thought Obamacare was going to be free. I bet everyone in America, who wants a handout and voted for Obama, thought the same thing too. SURPRISE!!! EVERY IDIOT WHO VOTED FOR OBAMA JUST GOT HOODWINKED! CONGRATS!! Remember, nothing is ever free. There is always a catch.

8.5 Million Workers Left Labor Force In Obama's First Term

(NEWSBUSTER)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.

Forget all the other numbers.

This continued explosion of people not in the labor force should be tremendously concerning as it represents an obstacle for the government to ever balance the budget without drastically raising taxes on those still working.

This is the reason why unemployment is not showing its true colors. Realistically, we should be 15% true unemployment. However, Obama's fuzzy math is preventing the truth from being told. None-the-less, unemployment is high and many people are suffering.

Unemployment 7.9% and Climbing. Blame Obama

(CNBC)The new year started off with an old story: Employment grew again in January but not at a pace able to lower the jobless rate.

Nonfarm payrolls rose 157,000 for the first month of 2013 while the unemployment rate edged higher to 7.9 percent, news unlikely to alter the Federal Reserve's monetary policy or instill confidence that the recovery is gaining steam.

Economists were looking for 160,000 net new jobs created with the unemployment rate holding steady at 7.8 percent.

However, a separate unemployment measure that also takes into account those who have quit looking for jobs as well as those working part-time for economic reasons remained unchanged at 14.4 percent.

Another key data point, the average work week, also was unchanged at 34.4 hours, while wages rose 4 cents an hour to $23,78, representing a 2.1 percent gain over the past year.

This is your reality. True unemployment is 14.4%. To those in denial, unemployment is rising. It is now 7.9%. The economic pundits, who supports Obama, will say wages went up. However, these morons forget to tell you average work week has dropped. It means decrease hours of work and a meager increase in wage is a wash. It means less productivity. It is called fudging the numbers. I am not surprise by the data. Just recently, Obama disband the Jobs Council Committee because of the obvious. You voted for Obama. This is the consequences for your stupidity!