Census ‘faked’ 2012 election jobs report

This is not a terribly big shock to me; just look who is in the White House. This administration and Government is rife with corruption. I believe if this Government released the true numbers of unemployment in this Country; this stock market would crash and there would be a run on the banks of epic proportions.

The Story:

In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington.

The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated.

And the Census Bureau, which does the unemployment survey, knew it.

Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy.

And a knowledgeable source says the deception went beyond that one employee — that it escalated at the time President Obama was seeking reelection in 2012 and continues today.

“He’s not the only one,” said the source, who asked to remain anonymous for now but is willing to talk with the Labor Department and Congress if asked.

The Census employee caught faking the results is Julius Buckmon, according to confidential Census documents obtained by The Post. Buckmon told me in an interview this past weekend that he was told to make up information by higher-ups at Census.

Ironically, it was Labor’s demanding standards that left the door open to manipulation.

Labor requires Census to achieve a 90 percent success rate on its interviews — meaning it needed to reach 9 out of 10 households targeted and report back on their jobs status.

Census currently has six regions from which surveys are conducted. The New York and Philadelphia regions, I’m told, had been coming up short of the 90 percent.

via Census ‘faked’ 2012 election jobs report | New York Post.

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Updated with Video: Republicans and Democrats on the hill stand against the Trans Pacific Partnership

Update: Here is video on the subject regarding a leak by Wikileaks on the text of this monstrous thing: (H/T Democracy Now)

For once there is something that the President is trying to get accomplished, that the Democrats and Republicans in Congress are actually standing against. For once, this is a very good thing.

This comes via Mother Jones:

The Obama administration is nearing the end of negotiations on the biggest free trade deal in US history, the Trans Pacific Partnership (TPP). The stakes are high: The pact affects the United States and 11 other countries, domestic policy areas ranging from intellectual property rights to product safety and environmental regulations, and $26 trillion in annual economic output. But in order to secure the deal, President Barack Obama says he wants Congress to grant him permission to sign the final trade agreement, which Congress has not yet seen, without congressional input. A coalition of about 174 conservative Republicans and liberal Democrats in the House signaled this week they would likely vote against giving those trade powers to the president.

The US trade representative Michael Froman and Obama want to finalize the TPP by the end of the year and are pushing Congress to pass legislation soon that grants the president something called fast-track authority, which would allow him to sign the final trade agreement without Congress making any amendments to the pact. If Obama gets what he wants, Congress may not even be able to read the final version of the massive trade deal in its entirety until after lawmakers have signed away their rights to influence it. At that point, the two chambers will only be allowed an up-or-down vote to implement the international pact into domestic law. The administration says fast-track authority will assure other countries that the deal the United States has committed to after three years of negotiations won’t be dismantled by American lawmakers who dislike some of the provisions. No major trade agreement has been finalized without it.

[…]

Many conservative Republicans—usually fans of free trade—feel the same way. “For two hundred years of our nation’s history, Congress led our nation’s trade policy,” Rep. Michele Bachmann (R-Minn.) and 22 Republicans in the House wrote in a letter sent to the president Tuesday. “However, recent presidents have seized Congress’ constitutional trade authority and also ‘diplomatically legislated’…using…’Fast Track.’”

“Conservatives have shown themselves to instinctively oppose anything coming out of the Obama White House. So their opposition is not surprising,” Adam Hersh, a trade expert at the liberal Center for American Progress, says in an email. But he adds that the Democratic opposition is new. “We’re seeing the culmination of dissatisfaction with persistent poor trading outcomes for the US economy” such as job outsourcing, he says, and the feeling that Congress has been “kept in the dark.

Rod Dreher, of whom I owe the hat tip to for reporting this story on his blog says:

Trust him? No. It’s not about Obama personally; Congress gave fast-track authority to Bill Clinton, and to George W. Bush. But the House Democrats who oppose this — and the overwhelming majority of the opponents are Dems — say. Establishment Republicans tend to support fast-track authority, but some Tea Partiers are standing with the Dems.

[….]

I’m willing to hear the counterarguments, but in general, I’m not in favor of giving this or any president the authority to approve something so enormous and consequential without Congress even seeing it. I could be wrong, but it seems that we’ve had enough trusting political and business elites always to operate in the best interests of the American people.

I feel the same way; this is not about Obama personally. However, it is about policies that undermine the sovereignty of the United States of America and literally it is about policies that put the screws to the American worker. We have enough “free trade” deals in this Country as it is; and they are quite literally draining this Country of its GDP. People want to know why there are no jobs in this Country? This is why! Because crony capitalists and the political elites who protect them; would rather manufacture products overseas on the cheap, instead of giving an American worker a living wage.

This is something that we have to stop and reverse at all costs, if we are ever going to be able to put America back as the manufacturing mecca that it once was.

From the “You gotta be kidding me” file: House just voted on 2 bills that would undercut new financial regulations

This one somehow snuck past me.

I happen to read on Populist Jim Hightower’s website about this one here and I went and looked it up and sure enough; there it was in black and white:

The story:

WASHINGTON –– To Wall Street, this town might seem like enemy territory. But even as federal regulators and prosecutors extract multibillion-dollar penalties from the nation’s biggest banks, Wall Street can rely on at least one ally here: the House of Representatives.

The House is scheduled to vote on two bills this week that would undercut new financial regulations and hand Wall Street a victory. The legislation has garnered broad bipartisan support in the House, even after lawmakers learned that Citigroup lobbyists helped write one of the bills, which would exempt a wide array of derivatives trading from new regulation.

The bills are part of a broader campaign in the House, among Republicans and business-friendly Democrats, to roll back elements of the 2010 Dodd-Frank Act, the most comprehensive regulatory overhaul since the Depression. Of 10 recent bills that alter Dodd-Frank or other financial regulation, six have passed the House this year. This week, if the House approves Citigroup’s legislation and another bill that would delay heightened standards for firms that offer investment advice to retirees, the tally would rise to eight.

Both the Treasury Department and consumer groups have urged lawmakers to reject the bills, warning that they could leave the nation vulnerable again to excessive financial risk taking. The House proposals stand little chance of becoming law, having received a much chillier reception in the Senate and at the White Ho

via House, Set to Vote on 2 Bills, Is Seen as an Ally of Wall St. – NYTimes.com.

You believe those greedy bastards? Jim Hightower is not amused and rightly so:

Audio:

Partial Quote:

On the day before Halloween, the ethically-challenged members of our lobbyist-haunted House of Representatives did a perverse imitation of “Profiles in Courage,” turning that body into “Profiles in Spinelessness.”

In particular, they cravenly caved in to an outrageous and dangerous demand by Wall Street whiners. Such financial powerhouses as Citigroup just hate having their profiteering recklessness restrained by the regulatory reforms passed after their 2008 financial meltdown. Even though the shockwaves from that Wall Street collapse continue to devastate America’s middle class, the banking elite have completely recovered – including recovering their swaggering arrogance and ability to sway money-hungry congress critters with rich campaign donations. — Read the rest at Jim Hightower’s site

I am shocked that more Conservatives are not swinging from the trees on this one here! To their credit, there are some Democrat Party house members that are opposed to this bill and rightly so. This is the same idiotic crap that brought down the stock market and killed our economy; thank goodness there is some semblance of sanity up on the hill.

Sure enough the Bill passed the house, But it is not expected to make it through the Senate and the White House has said that they would veto the thing, if it made it to the President’s desk. Which in this instance is a very good thing. However, this is not the point. What is the point is this: Those same bastards who caused the great meltdown of 2008, are now lobbying our Government to put things back as they were, so that this sort of thing could happy again. That my friends is enough to make an economic populist, like myself, to want to bite a nail in two! :mad:

The people that caused the Wall Street meltdown and downturn in our economy ought to be brought up on treason charges, and lined up against a wall and shot! :mad: But, instead, they are trying to buy their way back to lawlessness. This my friends, is an outrage.

Jobs? What Jobs?!?!

(H/T Insty)

Saith Megan McArdle:

The unemployment rate has fallen, but keep the cork in the champagne bottles: it’s falling because people are just giving up looking for work. The share of the population that is either working, or looking for work, has fallen to a 35-year low. The economy created just 169,000 jobs last month, barely more than we need to keep up with population growth. It’s nowhere near enough to absorb the people who have been out of work for months or years — what Karl Marx called the reserve army of the unemployed. No wonder fast-food workers are demonstrating for higher wages; jobs designed as supplementary income for kids, or housewives, are now being taken by breadwinners who can’t find anything else.. . .

Here’s the really bad news: The weak economy may be accelerating the rate at which older workers exit the labor market. Thanks to changes in Social Security benefits (and the entry of women into the workforce), labor force participation rates among those over 55 have been trending upwards since the 1990s. But since the recession, that progress has plateaued. Older workers are actually less likely to be out of work than their younger counterparts (probably in part because they’re clinging to jobs in order to make up big losses in their retirement accounts). But if they do end up out of work, they have a much more difficult time finding new jobs.

That doesn’t just bode ill for the present; it also promises lower growth for the future. There is no ray of sunshine to be found in this jobs report. The best thing you can say about it is that it wasn’t worse.

Fun part is, we got three more years of this crap. :roll:

Of course, it’s pretty damned hard to get even get a job; when you have racist blacks accusing whites of racism and making up stories to get you fired –- and have companies afraid of lawsuits.  Something that I know all about. :mad:

 

So, why did gold crash?

I am not an expert on the subject, but I think here might be a good reason as to why:

Who killed the gold?

 

 

In the wake of gold prices cratering in recent days, more than a few prominent experts have already started pinning the blame on Western central banks — especially the Federal Reserve and the European Central Bank (ECB). According to numerous analysts, the central bankers are desperate to salvage their fiat currencies and eliminate competition as “monetary authorities” continue to create ever-greater quantities of euros and dollars out of thin air.

Some experts, whistle-blowers, traders, and former officials say the Fed dumped as much as 400 or even 500 tons of “paper gold” on the market — metals that it might not even have — as part of a naked short sale aimed at driving down the prices. Other analysts, especially among the establishment, pointed to the ECB chief’s recent suggestion that struggling European authorities in countries such as Cyprus would have to sell their precious metals to keep receiving bailouts

via After Gold Crash, Experts Point to Central Bank Manipulation.

I do not really want to veer into Alex Jones territory; but it does seem interesting that gold plunges, there’s an attack and the stock market dives too. The events might not be related; but it sure does look a bit suspect to me.

Oh yeah, it’s a nightmare alright

I have one thing to say about this below — Welcome to my world.

The Story:

Close your eyes and picture the scariest thing you can think of. Maybe it’s a giant spider or a giant Stay Puft marshmallow man or something that’s not even giant at all. Well, whatever it is, I guarantee it’s not nearly as scary as the real scariest thing in the world. That’s long-term unemployment.

There are two labor markets nowadays. There’s the market for people who have been out of work for less than six months, and the market for people who have been out of work longer. The former is working pretty normally, and the latter is horribly dysfunctional. That was the conclusion of recent research I highlighted a few months ago by Rand Ghayad, a visiting scholar at the Boston Fed and a PhD candidate in economics at Northeastern University, and William Dickens, a professor of economics at Northeastern University, that looked at Beveridge curves for different ages, industries, and education levels to see who the recovery is leaving behind.

via The Terrifying Reality of Long-Term Unemployment – Matthew O’Brien – The Atlantic.

I have been unemployed for 8 solid years. Now, some of that, is my fault. I got into some of that HERE, when I wrote about my job hunting.  But, some of it; is simply the bad economy here in Michigan and as of 2008; the entire Country.

One part that I quibble with on this piece, is this here:

It’s time for the government to start hiring the long-term unemployed. Or, at the least, start giving employers tax incentives to hire the long-term unemployed. The worst possible outcome for all of us is if the long-term unemployed become unemployable. That would permanently reduce our productive capacity.

We can do better, and we need to start doing so now. We can’t afford long-term thinking in either the short or the long-term.

Okay, let me break this down here:

  1. Our Government is broke. They hardly can afford the people that they have now! They are having to cut hours and staff to stay afloat. So, that is out. 
  2. As for the tax incentives; I just do not think that incentives would even remotely work. What the employers would do, is hire the people; declare it on their taxes and then turn around and let the people or fire them for silly reasons.

What will work is a strongly worded piece of legislation that would make it illegal for employers to discriminate against those, who have been unemployed longer than six months and make damned sure the law is enforced to the hilt. With fines and loss of business license being the penalties for the infraction.

Let me clear here; I am not in favor of big Government statism at all; however, there are times, when, because of the actions of crony capitalists, Government has to take action to protect the American people, namely long-term unemployed Americans, like me — from being discriminated against, for the simple crime of not being able to find a job.  My reasons for not being able to get a job in the field that I trained in are explained here.  Yes, I whacked a pole, trying to make a turn out of a parking lot; that was in 2003. I should have been able to find work with a trucking company locally or at least regionally. I have not, why? Because no one locally or regionally is hiring, outside a big company around here, which is notorious for screwing its employees.

Again, I agree with what this man is saying is this article; I simply just do not believe his solutions are the right ones.

This is what happens when Democrats destroy an economy.

People get desperate:

Stay classy, Atlanta burglars.

Last month, thieves reportedly stole more than $250,000 worth of equipment from a warehouse northwest of the city, the Atlanta Journal-Constitution reports. The building was being used to film “Anchorman 2: The Legend Continues” — a sequel to the 2004 comedy “Anchorman,” starring Will Ferrell and Christina Applegate.

The building’s owner, Davis Nort, told authorities that $300,000 worth of copper wiring had been stripped from the building. The suspects also made off with four Apple computers.

“It’s a shame this happened,” Nort told WSBTV, “because Atlanta is really trying to get big in the film industry.”

via ‘Anchorman 2′ Set Burglarized In Northwest Atlanta  Huffington Post.

The plain truth is that the Democrats under Bill Clinton passed the sub-prime clause to the Community Reinvestment Act of 1973, in 1994. Clinton also repealed the Glass–Steagall Act. This caused an economic bubble and destroyed our economy. To be fair, the Republicans did not help matters either, when they removed a good deal of regulation from the SEC on loans and loan companies.  This only made things worse from the standpoint of how bad and big the bubble became.

When bubbles collapse like this one has, people become unemployed and people get desperate and when they do, they begin to steal. The ironic thing here is that the very polices that got us into this whole mess, which were passed in the 1990’s by the Democrats, are the very same one’s that the Democrats are advocating for now and are supported by people like Huffington Post and its owner.

Trickle down recession

This is what happens when Washington DC scares the living crap out of everyone:

SINGAPORE: Oil prices fell in Asian trade today on signs of weaker US energy demand and as positions hardened in a fiscal showdown in Washington that could push the world’s biggest economy back into recession.

New York’s main contract, light sweet crude for delivery in January was down 16 cents to USD 87.72 a barrel in the morning and Brent North Sea crude for January shed nine cents to USD 108.72.

A weekly US government report released yesterday showed a surge in supplies of gasoline and other products, indicating softer demand in the world’s biggest oil consuming nation.

The supplies of distillates, which include diesel and heating fuel that are closely watched at the onset of winter, rose by three million barrels, while gasoline inventories leaped by 7.9 million barrels, five times more than forecast.

“Oil prices fell… after data showed a huge increase in gasoline stockpiles in the United States last week,” Phillip Futures said in a market commentary.

The political impasse in Washington over avoiding mandatory fiscal cliff of tax increases and spending cuts in January that may toss the US economy back into recession was casting a cloud on sentiment.

via Oil prices down in Asian trade – The Economic Times.

This is what happens when you scare the living crap out of everyone with a chicken match. If you are invested in oil, get out while you can. On the other hand, gas prices are going to come down and for we middle class, that is a very good thing. But, for those in the market, it sucks. Good time to get out of futures and get into gold or something.

Oh yes, and the Democrats are owning this one too.

This pretty much sums it up

I know I said that I would not be linking to this guy anymore. I have reversed this decision. If Israel wants to be stupid, then they should expect derision from people like this man here.

Anyhow, this pretty much sums up my opinion of the Republican establishment:

The Republicans in the House are largely more conservative than at any time since Wilson left office. One would expect them to understand the intent of the voters who sent them there and thus say no to more taxes, no to more spending and no to more borrowing. Instead, we have Republican leadership in the House that actually proposed raising more revenue by eliminating deductions on income taxes. They somehow claim that they are being faithful to their stated mission of fiscal conservatism by making you pay more money but at the present tax rates. They, too, have failed economics 101.

Any significant movement of wealth from taxpayers to tax consumers will not enhance prosperity; it will crush it, and it will breed dependence on a government that is fiscally out of control. The recipients will no doubt vote to re-elect those who gave them these payments.

via NAPOLITANO: GOP for Big Government – Washington Times.

Amen and Amen. Big Government sucks and taxing the job creators is beyond stupid. If the GOP plays surrender monkey on this; you can kiss that party goodbye. Because the grassroots will not vote for a party that says one thing and does another.

I will also say this: If the Republican Party thinks for one lousy second that the Tea Party is dead and that the movement has ended, they will be in for a huge shock come 2014. I believe that there well a huge ground swell of voter discontent come 2014, especially after when taxes go up on small businesses.

So, if the GOP wants to cave on this; feel free — but the clock is ticking and you have basically blown through your political capital, Mr. Boehner. If you believe that punishing true Conservatives is going to do you any good. Think again. Oh, it will help you on the short-term, so that you can play nice with the President. But, in the long-term, you are toast. You will be out of job, because I tend to believe that the Republican grassroots and the Conservative grassroots —- you know, those who actually vote for you? — are not going to stand for this at all.

 

Mildly Interesting.

Some seriously good stuff here, go read it:

Exactly two years ago, some of the more politically biased progressive media outlets (who are quite adept at creating and taking down their own strawmen arguments, if not quite as adept at using an abacus, let alone a calculator) took offense at our article “In Entitlement America, The Head Of A Household Of Four Making Minimum Wage Has More Disposable Income Than A Family Making $60,000 A Year.” In it we merely explained what has become the painful reality in America: for increasingly more it is now more lucrative – in the form of actual disposable income – to sit, do nothing, and collect various welfare entitlements, than to work. This is graphically, and very painfully confirmed, in the below chart from Gary Alexander, Secretary of Public Welfare, Commonwealth of Pennsylvania (a state best known for its broke capital Harrisburg). As quantitied, and explained by Alexander, “the single mom is better off earnings gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045.”

via When Work Is Punished: The Tragedy Of America’s Welfare State | ZeroHedge.

Unbelievable what they’re doing to us. So sad. :(

Please be sure to go read the rest of that.

Others: JustOneMinuteInstapunditPower LineLe·gal In·sur·rec· tionAmerican PowerThe PJ Tatler,The Lonely ConservativeWake up AmericaScared Monkeysamericanthinker.comThe Gateway Pundit,MoonbatteryWeasel Zippers and UrbanGrounds

The Hope and The Change: Restaurant Performance Index declined in September

All a part of The Hope and The Change that the President promised us.

Calculated Risk blog reports the following:

The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 100.4 in September, down 0.3 percent from August. Despite the decline, September represented the 11th consecutive month that the RPI stood above 100, which signifies continued expansion in the index of key industry indicators.

“Although restaurant operators reported softer same-store sales and customer traffic levels in September, they are somewhat more bullish about sales growth in the months ahead,” said Hudson Riehle, senior vice president of the Research and Knowledge Group for the Association. “Forty-five percent of restaurant operators expect their sales to improve in the next six months, while only 11 percent expect weaker sales.”

The Current Situation Index, which measures current trends in four industry indicators (same-store sales, traffic, labor and capital expenditures), stood at 99.9 in September – down 0.7 percent from a level of 100.6 in August. Although same-store sales remained positive in September, the softness in the labor and customer traffic indicators outweighed the performance, which led to a Current Situation Index reading below 100 for the second time in the last three months.

Here is the chart:

Click to make it bigger…

So, what does this have to do with Obama? Plenty. When you promise a better economy, and then, you spent 16 trillion-dollar on recovery that does not work and then you hike taxes on businesses and the middle class and above stop eating out, because of a President, who is more interested in taking trips and living it up, instead of actually running the Country. This is what happens, businesses suffer, and that includes Restaurants. Restaurants like Gallagher’s in New York, which survived the depression, but could not survive this economic downturn.

This is why we need to vote different in 2012; Are you unemployed? Are you feeling the pinch, like many Americans? This is why, when an economy gets depressed like this; this is what happens, restaurants and other businesses take the hit. Housing Market collapses, stock market tumbles, then the Economy drops. Then, the Government tries to print more money to fix it; and then everything you buy goes up. It is a vicious cycle and the only way to stop it, is to get the people out of power that caused it. This is why we have to vote for Mitt Romney. Memo to my Democratic Party friends: George W. Bush did NOT cause this mess. Bill Clinton did! Because of this, we are ALL feeling the pinch.

We need new leadership, and that is why we need Mitt Romney to be President of the United States.

Video: CBN NewsWatch: October 24, 2012

On CBN Newswatch, Oct. 24:

  • On the campaign trail
  • Catholic vote not as cut and dry for candidates
  • Ind. Senate candidate standing by rape remarks
  • Monster energy drink blamed for five deaths
  • ….and more.

Trade Deficit is still high, now at $44.2 Billion

Here is hoping that Mitt Romney does do something about China. There are many doubters on that; But I am holding out hope.

The Department of Commerce reported:

[T]otal August exports of $181.3 billion and imports of $225.5 billion resulted in a goods and services deficit of $44.2 billion, up from $42.5 billion in July, revised. August exports were $1.9 billion less than July exports of $183.2 billion. August imports were $0.2 billion less than July imports of $225.7 billion.

June was revised from $42.0 billion. The trade deficit was larger than the consensus forecast of $44.0 billion.

The first graph shows the monthly U.S. exports and imports in dollars through July 2012.

via Calculated Risk: Trade Deficit increased in August to $44.2 Billion.

Take a look at the charts:

Oh yeah, we’re getting hosed.

More graphs of we the American people, getting hosed.

Again, I say; we’re getting hosed. It is time for a trade reform.

 

Chart: Obama’s Spending versus Bush

It is an updated one, via InstaPundit. Show this to Democrats when they try to blame our budget problems on Bush’s wars. This will prove that they are, as always; full of crap.

Reuters: Private Sector adds 162,000 new jobs

An interesting report from Reuters:

(Reuters) – Private employers added 162,000 jobs in September, topping economists’ expectations, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 143,000 jobs.

August’s private payrolls were revised down to an increase of 189,000 from the previously reported 201,000.

If the best that the economists are shooting for is 150-160K jobs per month; that is setting the bar awful low.

What happened to all the jobs that were supposed to be created by the President’s stimulus program?  I thought that when a Democrat was elected into the White House that all of the World’s problems would end for everyone? That the oceans would rise and the World would come together as one?

I guess not. :roll:

Anyone that votes for this President again, is a dad-blasted idiot. I mean, what the hell has he honestly done for the unemployed in this Country? I mean, the only people who have made out like bandits, and I do mean quite literally there; are the damned unions and special interest groups. (READ: Minorities, Green Energy and the like…)

It is a damned disgrace; which is why I am casting my lot with Romney. Neoconservative or not, I am voting for him. Because we can do better than this nimrod who is in there now.

Hope and Change, my fat white ass! :mad: