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  1. #1
    Senior Member AirborneSapper7's Avatar
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    STARTING TO TURN ON OBAMA: RUSH LIMBAUGH SEES TECTONIC SHIFT IN REPORTING BY MEDIA

    ‘STARTING TO TURN ON OBAMA’: RUSH LIMBAUGH SEES ‘TECTONIC SHIFT IN REPORTING’ BY MEDIA ON THIS ONE ISSUE

    Posted on 7 September, 2013 by clyde

    TheBlaze is reporting that conservative radio host Rush Limbaugh on Friday said he is seeing a “tectonic shift in reporting” — even by the so-called “drive-by media — on the U.S. economy.

    “You know, folks, even the drive-by media is starting to turn on Obama on the economy,” Limbaugh explained. “The economic news, the unemployment news, it went down 7.3 from seven-point whatever it was, but the media knows that that’s not because jobs are being created.”

    He continued: “We’re witnessing a tectonic shift in reporting on the economy. We really are. And it’s all about politics. It’s not about the media trying to get it right. Obama and the Democrats and their minions are deathly afraid that the Federal Reserve is going to look at the lowering unemployment rate and end quantitative easing. They’re scared to death, this is an amazing thing, too, because the unemployment rate went down to 7.3% not because a bunch of new jobs are created; it’s because even more people left the workforce.”



    “U.S. employers added 169,000 jobs in August, nudging the unemployment rate down from 7.4 percent to 7.3 percent, the U.S. Bureau of Labor Statistics reported Friday,” TheBlaze previously reported.

    Further, the civilian labor force participation rate dropped down to 63.2 percent in August, the lowest percentage the U.S. has seen since 1978.

    http://gopthedailydose.com/2013/09/0...his-one-issue/

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  2. #2
    Senior Member AirborneSapper7's Avatar
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    Quality Of August Jobs Added: Absolutely Abysmal

    Submitted by Tyler Durden on 09/06/2013 09:45 -0400

    While we already have the quantiative components of today's jobs number (horrendous), here is the qualitative breakdown. For the time constrained readers we will jump to the conclusion: absolutely abysmal, to a degree perhaps not seen in years.

    Of the 169K jobs added, the vast majority, some 144K or 85% of the entire August gain, consisted of the lowest paying jobs possible:


    • +44K jobs added in Retail Trade
    • +43K added in Education and Health
    • +27K added in Leisure and Hospitality
    • +17K added in Government (looks like sequester effect has finally "tapered")
    • +13K added in Temp Help services



    But at least they are full-time "lowest paying jobs" possible. If there was one silver lining in today's jobs report it is that Full Time jobs added finally surpassed the Part-Time jobs, which actually declined.
    Elsewhere, for those still confused by the Beige Book's idiotic proclamation that there are construction worker shortages, don't tell the BLS: the number of jobs added in the Construction secotr: 0. Narrowing it down to just construction jobs of residential buildings, the number was down 3.9K. So much for that lie.
    As for the two highest paying job categories: Financial Services and Information? -5,000 and -18,000 respectively.
    Some recovery.







    http://www.zerohedge.com/news/2013-0...lutely-abysmal
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  3. #3
    Senior Member AirborneSapper7's Avatar
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    The Fed Has Wasted Trillions and the US Remains in Depression

    Submitted by Phoenix Capital Research on 09/06/2013 11:00 -0400

    The facts are now becoming abundantly clear, that the forecast we’ve maintained for well over two years has been validated: the US is in a DE-pression and both Washington and the Federal Reserve have wasted trillions of Dollars.

    The reality is that what’s happening in the US today is not a cyclical recession, but a one in 100 year, secular economic shift.

    See for yourself. Here’s duration of unemployment. Official recessions are marked with gray columns. Bear in mind that the Feds measure unemployment based on people looking for work, so if you stop looking, you no longer count as unemployed and this number will fall.

    Even with this accounting gimmick, the average duration is still at 35 weeks.



    Here’s the labor participation rate with recessions again market by gray columns:




    Another way to look at this chart is to say that since the Tech Crash, a smaller and smaller percentage of the US population has been working. Today, the same percentage of the US population are working as in 1978.

    Here’s industrial production. I want to point out that during EVERY recovery since 1919 industrial production has quickly topped its former peak. Not this time. We’ve spent literally trillions of US Dollars on Stimulus and bailouts and production is well below the pre-Crisis highs.



    Here’s a close up of the last 10 years.



    Again, what’s happening in the US is NOT a garden-variety cyclical recession. It is a STRUCTURAL SECULAR DEPRESSION.



    And those who claim things are improving are going by “adjusted” AKA “massaged” data. The actual data (which is provided by the Federal Reserve and Federal Government by the way) does not support these claims at all. In fact, if anything they prove we’ve wasted money by not permitted the proper debt restructuring/ cleaning of house needed in the financial system.

    If you have not taken steps to prepare for a market collapse, we have a FREE Special Report that outlines how to prepare your portfolio. To pick up a copy, swing by:

    http://gainspainscapital.com/protect-your-portfolio/

    Best Regards

    Phoenix Capital Research


    http://www.zerohedge.com/contributed...ins-depression


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  4. #4
    Senior Member AirborneSapper7's Avatar
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    Porn Industry Blamed For "Temporary" Softness In Jobs Data

    Submitted by Tyler Durden on 09/06/2013 12:20 -0400

    After months of rock-hard gains in stocks, and an extended period of firming in the headline jobs data, some are noting that today's limpness in the jobs data is temporary, driven by an unexpected choke down of staffing in the porn industry. As Bloomberg reports, a big surprise in today's report was a 6% decline in the number of people working in the "motion picture and sound recording industries," which can be attributed to a shutdown in the porn-film industry that doesn’t reflect the underlying health of the economy.



    It turns out that, as WaPo notes, the U.S. porn industry stopped working for a week after an actress tested positive for HIV. Once it became clear that no one else had the disease, work resumed. The one-week shutdown would affect the jobs numbers for the month of August but tells us nothing about the broader state of the U.S. economy. Had those 22,000 people been working, employment growth in August would have modestly beaten expectations.
    Fed officials are probably blowing off this month’s weakness for that very reason. It seems we should all be pulling for a revival of the porn industry to raise the economy from its slumber.


    http://www.zerohedge.com/news/2013-0...ness-jobs-data



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    Senior Member AirborneSapper7's Avatar
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    The Great Rotation Out Of Actors And Into Waiters

    Submitted by Tyler Durden on 09/06/2013 13:35 -0400

    Earlier we pointed out the latest amusing scapegoat for the "soft" jobs report: it wasn't the weather this time, but the porn inudstry, and specifically the exodus of 22k "actors" due to an HIV scare. Whether or not this truly amusing justification for the recent, and ongoing, weakness is relevant is unknown, but what is known is that there appears to have been another great rotation to take place in the just as amusingly-called US economic "recovery" - a rotation out of actors and into, where else, waiters and bartenders.
    A quick check of the employment data shows that for nearly every job lost in the "Motion Picture and Sound Recording Industries" there was an equal and matched increase in jobs for "Food Services and Drinking Places", or as they are better known, waiter and bartending jobs.
    So now that the myth of the great rotation out of bonds and into stocks is dead and buried (which instead as Lipper confirmed today following a report of outflows from bonds but also from stocks and all other assets, is merely a rotation into cash), perhaps it is time to focus on the just as amusing great rotation out of (porn) actors and into waiters and bartenders.





    http://www.zerohedge.com/news/2013-0...rs-and-waiters


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  6. #6
    Senior Member AirborneSapper7's Avatar
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    Friday, 06 September 2013

    Unexpectedly! US employers only added 169K jobs in August, July's totals revised downward


    Nope, Barack Obama still isn't trying to help you get a job.

    U.S. employers added 169,000 jobs in August and much fewer in July than previously thought. Hiring has slowed from the start of the year and could complicate the Federal Reserve's decision later this month on whether to reduce its bond purchases.
    The Labor Department said Friday that the unemployment rate dropped to 7.3 percent, the lowest in nearly five years. But it fell because more Americans stopped looking for work and were no longer counted as unemployed. The proportion of Americans working or looking for work fell to its lowest level in 35 years.

    I'd make a snide comment but my sarcasm well has run dry. Sorry. Five and a half straight years of Hopey-Changey schadenfreude will do that to a guy. But know this — if you're still an Obamabot and you don't have a job, my sympathy well is dry too.
    July's job gains were just 104,000, the fewest in more than a year and down from the previous estimate of 162,000. June's figure was revised to 172,000, from 188,000. The revisions lowered total job gains over those two months by 74,000.
    Gee, who'da thunk it, another downward revision. I sense a pattern, don't you?
    Hey, you know what would be great right about now? If we added 12 million newly anmestied illegal aliens to the job market! That's right, while Dear Leader slouches toward launching World War III, Catholic Bishops have taken up the mantle of "immigration reform." This Sunday they'll preach for amnesty at every Mass.
    Because we don't have enough people chasing too few jobs.
    On the other hand, if President Golfpants does invade Syria with his Nobel Peace Prize in tow, he'll be needing some guys for cannon fodder. Wouldn't it be a stroke of genius, the Army paints Damascus or Bust! on the back of their trucks and drives 'round to Home Depot to collect every Juan, Domingo, and Jose they can find. You're in the Army now! Bwahahaha!
    Whaddaya know, my sarcasm well wasn't dry after all.


    Posted at 10:17 by Chris Wysocki [/economy]


    http://wyblog.us/blog/economy/anothe...bs-report.html




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    Senior Member AirborneSapper7's Avatar
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    RECORD 90,473,000 NO LONGER IN LABOR FORCE



    by WYNTON HALL 6 Sep 2013, 5:56 PM PDT 153 POST A COMMENT
    A record 90,473,000 Americans no longer work.

    The new figures, released from the U.S. Bureau of Labor Statistics, show a dramatic rise in the number of Americans who exited the labor force, climbing from 89,957,000 in July to 90,473,000 in August.

    The labor force participation rate is now at a 34-year low.

    To be included in the Labor Department's calculations a person must be 16 years or older, a civilian, not in an institution (such as prison), and someone who has not looked for a job in the last four weeks.

    According to the U.S. Census Bureau, the U.S. population is an estimated 313.9 million.

    http://www.breitbart.com/Big-Governm...In-Labor-Force
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  8. #8
    Senior Member AirborneSapper7's Avatar
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    AGE OF OBAMA: HOLLYWOOD HIT WITH JOB LOSSES, ARTISTS FACE LESS HEALTH INSURANCE OPTIONS



    by CHRISTIAN TOTO 6 Sep 2013 107POST A COMMENT

    The creative community, by and large, pulled out all the stops to get President Barack Obama elected--twice.


    Now, its denizens are experiencing some of the fallout of that support--namely, less jobs and fewer health insurance options.

    The motion picture industry shed 22,000 jobs in August, part of an overall economic "recovery" that bears no resemblance to the one overseen by actor turned politician Ronald Reagan during the early 1980s.

    On the insurance front, the dawn of Obamacare means the health care plans many artisans currently enjoy will soon be history.

    Up until now professional organizations have worked with insurance providers to craft reduced-rate plans for their members. But thanks to the fine print in the Patient Protection and Affordable Care Act (PPACA), on January 1, 2014, many of these plans will fail to pass legal muster.


    http://www.breitbart.com/Big-Hollywo...lywood-fallout

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