Home-Schoo
"Lincolnton Furniture Company closed abruptly Thursday just one year after it was hailed by President Barack Obama as an example of the recovering U.S. economy. Last year, Cochrane sat with the first lady during Obamaâs 2012 State of the Union Address. Owner Bruce Cochrane also joined the president and other business leaders in a discussion about how to create more jobs at home.
Read more at http://www.reagancoalition.com/articles/2013/20130111005-furniture-praised.html#ipbphYtHVBDw230x.99
Owner Bruce Cochrane Borrows 5 million dollars then goes out of business. It sounds like the Obama administration in microcosm, doesn't it?
As usual, please omit your silly comments about home-schooling.
@ David - Obama called him a success. BTW ~ Isn't it "public schooled" kids who are not allowed to fail?
@ Willwheaton - The American people voted for failure. In that sense, they succeeded.
@ Rocky Mountain patriot ~ Brilliant post, as usual. I do have to question one point, perhaps there was a typo somewhere because this number is impossible. You said : "The 90,201,000 workers whose jobs were slashed under Obamaâs cruel economy by the Saturday before the election, (Sat., Nov. 3rd)" It's obviously an error. What did you mean to say?
@ Who is #1 ~ Good info. If no one does an audit of his finances and business failure I wouldn't be surprised. However this stinks of graft and corruption from the start. I am extremely curious where that $5 million went? It would be fun to see how much he donated to Obama's campaign. How many employees he actually had. How much his employees donated. The public deserves an audit. However, from Obama's justice department, I doubt it will ever happen.
Answer
Your comment to Will nailed the reality of what the left chose. Any pretense that thereâs a recovery taking place is a cruel deception intended for low information voters and uncaring, less than honest liberal progressive sycophants. Of course, theyâre mostly one and the same.
Corrineâs post referencing a growing class of hopelessly unemployed not included in any BLS statistics is a case in point. Unfortunately, Annalyn Kurtzâs article about 3.25 million jobless whoâve dropped off from marginally attached BLS counts remains one more deceptively understated estimate.
While the hopelessly unemployed count is tough to determine, it wouldnât surprise anyone whoâs researched data from a range of government sources if the actual number hasnât vaulted into the 10 to 15 million range under the Obama regime. Keep in mind, BLS counts are survey-based predictive figures, roughly equivalent to adding up the Presidential election polls posted online this past fall for a single estimate from a mean of, perhaps, 15-20 polls. Information from BLS internal documents claims they attempt contact with as many as 60,000 respondents on a four-month rotating basis, but former BLS Commissioner John Hall and other insiders have commented about the survey data being weighted heavily from businesses for CES counts, rather than individuals.
Strange as it seems to use entry-level survey responses, then toy with counts for intentionally altered seasonally adjusted figures for the BLSâ critical data about the nationâs employment situation, thereâs a sister agency within the Department of Labor known as the Employment & Training Administration that posts real counts. The ETA gathers weekly data which is posted each and every Thursday morning with an initial count from statistics gathered through the nationâs 50 state administered employment/unemployment offices around the country. After three weeks, the figure is finalized following adjustments which, at times, seem strategic for the regularity initial reports underreport job losses. Those typically range from 2,000 to 20,000 in lost jobs not included, which are later added in, but the first three sentences of the Thursday advance report routinely compares the prior weekâs newly adjusted upward figure against a new underreported figure that will be hiked the following week. The explanation suggests the current week appears better than the hiked adjusted prior weekâs figure at an astonishing rate approaching 90% of the time.
With those qualifiers for what a single weekâs jobs loss counts might portend, the ETA offers several verifiable counts and figures that hold far more meaning than anything coming from the BLS. Take for example the Thursday, 1-10-13 release which showed 552,043 initial claims filed for the week ending Saturday, Jan. 5th by new registrants for unemployment. The acceleration in claims since the election has been painful, hitting millions of Americans hard, with 3,523,305 newly unemployed over the final eight weeks of 2012 edging the same eight week period from 2011, which recorded 3,461,793 jobs lost during the early stages of an inadequate, barely discernible recovery. Perhaps a better comparison would be the entirety of November and December combined, which counted 3,885,105 new claimants for unemployment in 2012, while the ugly 2010 numbers before any recovery, according to the ETA, showed 30,000 fewer newly unemployed at 3,838,689. Anyone looking at actual counts, as opposed to survey-based estimates, knows full-well thereâs no supportable data for real recovery taking place.
Several other counts might be worth mentioning here. The 90,201,000 workers whose jobs were slashed under Obamaâs cruel economy by the Saturday before the election (Sat., Nov. 3rd), has vaulted to more than 93.5 million displaced workers at this point. At election time, that 46-month total was almost 23 million more workers than registered claims for jobs losses under George Bush during his second term and nearly 13 million more than his first four years. The latter figure has continued to accelerate, while the former has fallen for the first time during any calendar quarter across Obamaâs Presidency compared to Bush numbers to 22 million more Americans whoâve lost jobs under Obama. On a weekly basis, thatâs about 108,000 more jobs lost across each of Obamaâs 206 weeks in the Presidency thus far, and 497,000 more jobs slashed than under Bush for months with 31 days in them. For those whoâd prefer a nice round figure, just consider this Administration has presided over an economy thatâs slashed a half million more jobs monthly on average for each of its 48 months at the helm, to date.
Perhaps worth note, as well, is the cumulative employerâs payroll record count shown on a quarterly basis by the ETA. There, George Bush handed over a workforce of 133,886,830, which shrunk fully 8.3 million workers under Obama to 125,572,661 as recently as June 2011 before a turn showed
Your comment to Will nailed the reality of what the left chose. Any pretense that thereâs a recovery taking place is a cruel deception intended for low information voters and uncaring, less than honest liberal progressive sycophants. Of course, theyâre mostly one and the same.
Corrineâs post referencing a growing class of hopelessly unemployed not included in any BLS statistics is a case in point. Unfortunately, Annalyn Kurtzâs article about 3.25 million jobless whoâve dropped off from marginally attached BLS counts remains one more deceptively understated estimate.
While the hopelessly unemployed count is tough to determine, it wouldnât surprise anyone whoâs researched data from a range of government sources if the actual number hasnât vaulted into the 10 to 15 million range under the Obama regime. Keep in mind, BLS counts are survey-based predictive figures, roughly equivalent to adding up the Presidential election polls posted online this past fall for a single estimate from a mean of, perhaps, 15-20 polls. Information from BLS internal documents claims they attempt contact with as many as 60,000 respondents on a four-month rotating basis, but former BLS Commissioner John Hall and other insiders have commented about the survey data being weighted heavily from businesses for CES counts, rather than individuals.
Strange as it seems to use entry-level survey responses, then toy with counts for intentionally altered seasonally adjusted figures for the BLSâ critical data about the nationâs employment situation, thereâs a sister agency within the Department of Labor known as the Employment & Training Administration that posts real counts. The ETA gathers weekly data which is posted each and every Thursday morning with an initial count from statistics gathered through the nationâs 50 state administered employment/unemployment offices around the country. After three weeks, the figure is finalized following adjustments which, at times, seem strategic for the regularity initial reports underreport job losses. Those typically range from 2,000 to 20,000 in lost jobs not included, which are later added in, but the first three sentences of the Thursday advance report routinely compares the prior weekâs newly adjusted upward figure against a new underreported figure that will be hiked the following week. The explanation suggests the current week appears better than the hiked adjusted prior weekâs figure at an astonishing rate approaching 90% of the time.
With those qualifiers for what a single weekâs jobs loss counts might portend, the ETA offers several verifiable counts and figures that hold far more meaning than anything coming from the BLS. Take for example the Thursday, 1-10-13 release which showed 552,043 initial claims filed for the week ending Saturday, Jan. 5th by new registrants for unemployment. The acceleration in claims since the election has been painful, hitting millions of Americans hard, with 3,523,305 newly unemployed over the final eight weeks of 2012 edging the same eight week period from 2011, which recorded 3,461,793 jobs lost during the early stages of an inadequate, barely discernible recovery. Perhaps a better comparison would be the entirety of November and December combined, which counted 3,885,105 new claimants for unemployment in 2012, while the ugly 2010 numbers before any recovery, according to the ETA, showed 30,000 fewer newly unemployed at 3,838,689. Anyone looking at actual counts, as opposed to survey-based estimates, knows full-well thereâs no supportable data for real recovery taking place.
Several other counts might be worth mentioning here. The 90,201,000 workers whose jobs were slashed under Obamaâs cruel economy by the Saturday before the election (Sat., Nov. 3rd), has vaulted to more than 93.5 million displaced workers at this point. At election time, that 46-month total was almost 23 million more workers than registered claims for jobs losses under George Bush during his second term and nearly 13 million more than his first four years. The latter figure has continued to accelerate, while the former has fallen for the first time during any calendar quarter across Obamaâs Presidency compared to Bush numbers to 22 million more Americans whoâve lost jobs under Obama. On a weekly basis, thatâs about 108,000 more jobs lost across each of Obamaâs 206 weeks in the Presidency thus far, and 497,000 more jobs slashed than under Bush for months with 31 days in them. For those whoâd prefer a nice round figure, just consider this Administration has presided over an economy thatâs slashed a half million more jobs monthly on average for each of its 48 months at the helm, to date.
Perhaps worth note, as well, is the cumulative employerâs payroll record count shown on a quarterly basis by the ETA. There, George Bush handed over a workforce of 133,886,830, which shrunk fully 8.3 million workers under Obama to 125,572,661 as recently as June 2011 before a turn showed
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