Posts from the ‘Economy’ Category
I’ve often struggle to explain how BIG GVMNT’s interference with the Free Market collapsed the housing market to many of my GVMNT TRUSTING friends. When I discovered the following interview and saw it explained IN DETAIL and in 4 MINUTES I knew I had to share it! Take a listen, then another and another if needed, AND SHARE SHARE SHARE….
Article excerpt below by NY POST editorial board
Seattle passed its $15 law in June 2014… Increases to $12, $12.50 and $13 an hour began taking effect for most employers this Jan. 1. The jumps will continue until the minimum hits the full $15 an hour in 2017 for some before it’s universal in 2019.
Yet even the early impact is harsh…
Before the minimum-wage hikes begin, Seattle employment tracked the rest of the nation — slowly rising from the 2008-09 bottom. But it started to plunge last spring, as the new law began to kick in. Furthermore, Seattle’s loss of 10,000 jobs in just the three months of September, October and November was a record for any three-month period dating back to 1990.
A painful exchange with a young student who’s organizing for free public colleges, cancellation of all student debt and $15/hour minimum wage for all campus employees. She doesn’t really know how to pay for it, unfortunately.
(VIDEO) Conservatives Make So Much Sense on Taxes & Economics that OF COURSE Liberals CALL THEM CRAZY
and a recap of my favorite candidates’ answers….
DESPITE facts within own story Mainstream Media Bias chooses Progressive Propaganda Headline to continue class warfare
I found it extremely manipulative for the Associated Press to use the following headline GOP tax proposals tilt to rich despite populist rhetoric despite it not being able to ignore facts it included inside its own story like.. “experts note that any broad income tax cut inevitably will benefit the rich more than anyone else, because they pay much more in federal income taxes than the middle class or poor. About 40 percent of the country does not pay federal income tax. The top 1 percent of earners pays about 35 percent of the income tax.” AND something not included, the TOP 10% pays about 70% of the taxes!!!
Article Excerpt Below by By Nicholas Riccardi, Associated Press
DENVER (AP) — Jeb Bush went to Detroit and talked about leveling the playing field. Marco Rubio wrote a book about helping the working class. Rand Paul is promising to expand the Republican Party beyond its traditional base. Yet all three Republican presidential candidates have offered tax proposals that would, for reasons such as nomination politics and tax rate realities, benefit overwhelmingly the wealthiest. In doing so, they have drawn criticism from Democrats who call it proof that the GOP’s eventual nominee will mainly try to help the rich.
Read the Rest @ GOP tax proposals tilt to rich despite populist rhetoric
They start by telling you the truth of how it will negatively impact businesses and therefore workers, but being a liberal mainstream media source they cant leave you with the truth so of course they continue on to explain how it wont hurt businesses afterall….
Article below by KATE GIBSON
Hikes in the minimum wage in cities and states around the U.S. will dent profit margins at restaurants, particularly at casual-dining chains, according to Moody’s Investors Service (MCO).
“Clearly the restaurant industry is going to pay a price, or be among the sectors most affected by this,” said Jacob Kirkegaard, a senior fellow at the Peterson Institute for International Economics, a nonpartisan research group, citing the large numbers of restaurant workers at or below the minimum wage. “The question will be to what extent it will only bleed into margins or whether the prices will go up, and whether we still have the 99 cent burger.”
Read the Rest @ How much will minimum wage hikes hurt restaurants? – CBS News.
Keep in mind, during the discussion, that “unemployment” programs become synonymous for welfare programs as a whole, not just the traditional unemployment benefits we refer to today.
Liberal Heart throbs like Elizabeth Warren Fool Democratic Supporters by Bashing Wall Street WHILE Protecting Federal Reserve
By Tyler Durden | ZeroHedge
It would appear the powers that be are getting nervous. Yesterday, Fed Governor Jerome Powell (and Fisher and Plosser) stepped up the central bank’s push against what he termed congressional efforts to extend political influence over monetary policy, calling them “misguided” and “in violent conflict with the facts.” Today we have Senator Elizabeth Warren trying to sound supportive of transparency but proclaiming that she opposes Rand Paul’s “Audit The Fed” Bill because it promotes “congressional meddling in the Fed’s monetary policy decisions.”
Desperate to appear a huge opponent to Wall Street (and The Fed) Warren begins…
“I strongly support and continue to press for greater congressional oversight of the Fed’s regulatory and supervisory responsibilities, and I believe the Fed’s balance sheet should be regularly audited – which the law already requires… But I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy.”
By A.J. DELGADO firstname.lastname@example.org
Francisco, or “Cisco” as he’s known to his friends, is an American in his early 30s. Two years ago, he was laid off from his longtime job at a hardware store and has had no luck since finding a replacement. Construction gigs around the area, he laments, often go to immigrants willing to work for far less. Cisco has largely given up on the job search and now mostly spends time living in his parents’ cramped Miami home, caring for his mentally ailing father.
.. the Obama administration, since 2009, issued work permits to an astonishing 5.5 million foreigners, in addition to our already generous issuance of work permits to 1 million annual legal immigrants and 700,000 annual guest workers. According to a Center for Immigration Studies report, almost 2 million recipients were here on temporary visas, a majority of whom fell into categories for which employment is not authorized, such as tourist or student visas. Roughly 150,000 work permits were issued to students’ and guest workers’ dependents. Almost 1 million were issued to aliens who crossed into the United States illegally and almost 2 million to those who immigration status was “unknown.”
Do the math: Notwithstanding some overlap, we are issuing 5.5 million work permits to foreign nationals over a mere six years; 1.1 million to legal immigrants and 700,000 guest workers annually; more than 1 million via Obama’s 2012 “DACA” action; and potentially 5 million via his 2014 immigration executive action. All this as millions of Americans languish in unemployment.
While the Obama administration seemingly shouts “Let them eat cake!” to unemployed Americans, doing the bidding of Big Business donors and attempting to create future Democratic voters, remind me again how this is the party fighting for the little guy?
(DOCUMENTARY) Overdose: The Next Financial Crisis, MUST WATCH big government’s crony capitalism at its best
Overdose: The Next Financial Crisis. Award-winning youtube hit giving fresh insight into the greatest economic crisis of our age: the one still awaiting us.
By Leo Stallworth | ABC NEWS
PALMDALE, Calif. (KABC) -It was a project that would have generated hundreds of jobs to build train cars in the Palmdale area. But now, the company, Kinkisharyo international, is pulling out of the deal. “This would have had a positive effect, especially for the city of Palmdale or for someone like myself, a veteran,” said Albert Becerril of Palmdale. Becerril has been unemployed for nearly a year. He was looking forward to applying for a job at Kinkisharyo international, a Japanese company that builds light rail train cars. The company was set to build a plant on 60 acres near the Palmdale Airport. That is until the company announced it was pulling out of the deal and now looking to build a facility out of state. It blames the International Brotherhood of Electrical Workers Union IBEW.
By Mike Cassidy | The Fiscal Times
Here’s a riddle for you: Today, there are 1.2 million more 25-to-54-year-old American workers who are unemployed than there were in 2007 (adjusting for population growth). But 3.7 million fewer of them have jobs. How can that be?
… To be counted as unemployed, you have to be actively looking for a job. Those who have endured long bouts of unemployment and given up hope of finding work are left out of the calculation. So when we see the unemployment rate declining, it might be that hiring is picking up. But it could also be the case that more people are dropping out. Without additional information, we can’t tell.
… By not counting the dropouts, many media accounts—and even some serious policymakers—paint an overly rosy portrait of job market health. It’s the economic equivalent of grade inflation… Only through an honest assessment of our standing can we avoid a rude awakening for our policy grades.
BY: Lachlan Markay
U.S. Senate candidate Alison Lundergan Grimes is lying about her support for the state’s coal industry according to Kentucky Democrats, including members of her campaign team, who were captured on a hidden camera video. The video, produced by conservative filmmaker James O’Keefe, shows five employees of the Grimes campaign and local Democratic Party affiliates speculating that the Democratic challenger to Senate Minority Leader Mitch McConnell (R., Ky.) is only professing her support for the industry out of political expediency.