The RoanokeSlant

This file is a personal journal of commentary of examples of the Roanoke Times and Liberal Media Slant. lbhagen@aol.com

Saturday, March 07, 2015

 

Obama’s Economy News – The Good The Bad And The Ugly

-
It would be appropriate for all our economic news to have this music playing in the background:
The greatest Western Event meets the greatest Debt Event
https://www.youtube.com/watch?v=h_zeiKrRTuk
-
Roanoke Times, 3-7-2015, Pg 1: Unemployment down again
Pg 6:  Wage growth adds low note to jobs report
Pg 6: Consumers increased Jan borrowing by $11.6 BILLION to $3.33 TRILLION
Pg 6:  Obama’s Treasury Secretary informs Congress of Gov. “Running out of money”
-
Time to raise the debt limit.
AP didn’t mention what the debt is now, what the current limit is now or how much Obama is raising it.
Wonder Why the RT and AP neglected to publish the actual Debt numbers?
The 2014 Debt Cap (Limit) on borrowing was $17.2 trillion.
Debt Limit was suspended last year until March 15 this year (talk about a line-of-credit!)
Current amount of Debt is $18.1 TRILLION (twice the amount since 2007)
The new improved Debt Limit is unknown – we’ll just have to pass it so we can see it.
https://www.cbo.gov/publication/49961
Now that we look at the debt numbers – we know why the RT-AP didn’t publish them!
-
http://roanokeslant.blogspot.com/2013/10/obama-democrats-and-media-hiding-real.html

-
 
--
http://thf_media.s3.amazonaws.com/infographics/2014/12/CP-Federal-Spending-by-the-Numbers-2014-04-1-debt_HIGHRES.jpg
-
-
-
The Good Employment News
http://www.nytimes.com/2015/03/07/business/economy/jobs-report-unemployment-february.html?_r=0
The economy added 295,000 jobs
The unemployment rate down to 5.5%
-
The Bad News
Wages gains  0.1%
-
The Ugly News
-
“Unemployment Rate” Drops as People Drop Out of Workforce.
http://legalinsurrection.com/2015/03/declining-workforce-participation-is-obamas-greatest-achievement/
The unemployment rate would be 9.6% IF the workers who have stopped looking for work were included in the calculation.
This is all nicely hidden from the public under the guise of “the workforce participation rate”. How cleaver and imaginative.  Not clear that it is helpful to the economy, the unemployed or the middle-class.
Families can’t buy groceries with “workforce participation rate” numbers.
-
Current “missing worker” estimates at a glance
http://www.epi.org/publication/missing-workers/
5,970,000 Estimated Missing workers,* January 2006–February 2015
Roughly half of missing workers are of prime working age
-
-
Year-end 2014 Economy – Obama’s Rose Colored Glasses
http://roanokeslant.blogspot.com/2015/01/year-end-2014-economy-obamas-rose.html
-
More Jobs Data Management On Obama’s Behalf
http://roanokeslant.blogspot.com/2014/12/more-jobs-data-management-on-obamas.html
-
Some Economic Good News And Some Not So Good
http://roanokeslant.blogspot.com/2014/07/some-economic-good-news-and-some-not-so.html
-
Obama Bragging Up His Dismal Economic Performance
http://roanokeslant.blogspot.com/2014/09/obama-bragging-up-his-dismal-economic.html
-


Links to this post:

Create a Link



<< Home

Archives

February 2005   March 2005   April 2005   May 2005   June 2005   July 2005   August 2005   September 2005   October 2005   November 2005   December 2005   January 2006   February 2006   March 2006   April 2006   May 2006   June 2006   July 2006   August 2006   September 2006   October 2006   November 2006   December 2006   January 2007   February 2007   March 2007   April 2007   May 2007   June 2007   July 2007   August 2007   September 2007   October 2007   November 2007   December 2007   January 2008   February 2008   March 2008   April 2008   May 2008   June 2008   July 2008   August 2008   September 2008   October 2008   November 2008   December 2008   January 2009   February 2009   March 2009   April 2009   May 2009   June 2009   July 2009   August 2009   September 2009   October 2009   November 2009   December 2009   January 2010   February 2010   March 2010   April 2010   May 2010   June 2010   July 2010   August 2010   September 2010   October 2010   November 2010   December 2010   January 2011   February 2011   March 2011   April 2011   May 2011   June 2011   July 2011   August 2011   September 2011   October 2011   November 2011   December 2011   January 2012   February 2012   March 2012   April 2012   May 2012   June 2012   July 2012   August 2012   September 2012   October 2012   November 2012   December 2012   January 2013   February 2013   March 2013   April 2013   May 2013   June 2013   July 2013   August 2013   September 2013   October 2013   November 2013   December 2013   January 2014   February 2014   March 2014   April 2014   May 2014   June 2014   July 2014   August 2014   September 2014   October 2014   November 2014   December 2014   January 2015   February 2015   March 2015   April 2015   May 2015   June 2015   July 2015   August 2015   September 2015   October 2015   November 2015   December 2015   January 2016   February 2016   March 2016   April 2016   May 2016   June 2016   July 2016   August 2016   September 2016   October 2016   November 2016   December 2016   January 2017   February 2017   March 2017   April 2017   May 2017   June 2017   July 2017   August 2017  

This page is powered by Blogger. Isn't yours?