» Politics and other things

  1. Vitalogy

    The U.S. budget deficit narrowed 22 percent in the first 11 months of the fiscal year as accelerating economic growth boosted tax receipts, Treasury Department figures showed.

    The budget gap as a share of the economy is on a path to shrink this year to the lowest level since 2007, as falling unemployment and swelling corporate profits help revenues grow faster than outlays, the Congressional Budget Office said on Aug. 27.

    “It’s a testament to the strength of the economic recovery of the past 12 months,” said Millan Mulraine, deputy head of U.S. research and strategy at TD Securities USA LLC in New York. “The positive surprise is the strength of the receipts, the rebound that we’ve seen in receipts so far this year.”

    Revenue over the first 11 months of the fiscal year that began Oct. 1 rose 7.7 percent compared with a year earlier, while spending gained less than 1 percent, today’s report showed.

    Posted on September 11, 2014 - 02:46 PM #
  2. duxrule

    But Obama dumb! And he smell bad! :evil:

    (figured I would beat Deano, Herb and Sky to the punch)

    Posted on September 11, 2014 - 03:11 PM #
  3. Vitalogy

    I don't expect that people in the bubble will acknowledge real world facts.

    Posted on September 11, 2014 - 07:35 PM #
  4. HD

    Cheering Democrat party leftists aside, any objective measure reveals this administration is on the ropes as it cooks the books on employment while continuing its venal push for yet more funny money:

    Job numbers reveal Obama's failure

    "The economy created only 142,000 jobs in August, down from 212,000 in July, indicating the economy significantly slowed this summer.

    Jobs creation is well below the pace needed to re-employ all the workers displaced during the financial crisis — the economy is in crisis.

    Although official GDP estimates indicate the economy expanded in the second quarter at a torrid pace — 4.2. percent — much of that was inventory build, as consumer spending continued to drag along at a snail’s pace. Capital investment, especially in manufacturing, remains subpar.

    Third quarter growth is likely in the range of 2 percent, and the Obama administration’s spin doctors will have a tough time selling these jobs data as anything but bad news.

    Simply put, the administration’s big spending stimulus policies and the Fed’s obsession with pumping money into a moribund New York financial industry have failed.

    Also, Americans are now seeing the real cost of Obamacare health care subsidies. Employer mandates are not much good to working families if no one in the family is working.

    The official jobless rate is down to 6.1 percent. Real unemployment is closer to 18 percent, because so many prime-aged adults are sitting out the party.

    Here’s a sobering statistic: one in six men aged 25-54 has no job, and may have simply quit looking thanks to “compassionate” government policies that reward able-bodied men and women to sit at home and watch ESPN, NFL reruns, or “The View.”

    Since 2000, Congress has beefed up the earned income tax credit, and expanded programs providing direct benefits to low- and middle-income workers, including Obamacare and Medicaid, food stamps, and rent and mortgage assistance.

    Those buy votes but do little to encourage work.

    Benefits phase down as family incomes rise, and often tax additional income as much as 50 percent.

    Consequently, government benefits penalize work and encourage one partner in two adult households to be idle.

    Those programs offer incentives for single people to work only part-time and contribute to skills shortage.

    With millions of young college graduates unable to land a professional job and start a career, the president has implemented irresponsible federal student loan policies. And unscrupulous university presidents exploit young people by peddling graduate programs that promise rewarding careers but only deliver a lifetime of debt.

    Student loans take disgruntled young people off the streets, lower the official unemployment rate and deliver electoral majorities for Democrats. But they undermine future growth.

    Simply put, too many folks in their late 20s are stuck in dead-end jobs, burdened with crippling debt and unable to buy a home or start families.

    The root cause of the jobs crisis is chronically anemic growth, whose sources candidate Obama promised to address in 2008 but has forgotten.

    A second-term president should be a statesman looking to the long-term security and prosperity of the American people.

    Instead, Obama continues to campaign, blames his predecessor and congress for his disappointments, and will leave Americans poorer and less safe in the bargain."

    Peter Morici is an economist and business professor at the University of Maryland.

    Posted on September 11, 2014 - 08:53 PM #
  5. duxrule

    Notice the word "OPINION" in the URL? That tells you the value of this piece.

    Posted on September 11, 2014 - 09:00 PM #
  6. NoParty

    It comes from a Rightists like Herb did doesn't mean sheet! :D

    Posted on September 11, 2014 - 09:06 PM #
  7. HD

    Here's YET ANOTHER news story. This one's from the Washington Post, the same guys that went after Nixon.

    What's laughable is that PDXRadio liberals can't even see the irony.

    Nice attempt at spin, leftists, in trying to avoid the obvious.

    Face it. You're being eaten by your very own. Liberals in Portland may think they're the smartest guys in the room. But they're simply the most obstreperous.

    Look. It's political death by a thousand cuts, guys. Continue to deny, but you're looking pretty silly denying reality:

    Obama Losing the Confidence of Key Parts of the Coalition that Elected Him

    Kimberly Cole was part of the coalition that voted in 2008 to make Barack Obama the 44th president and gave him another four years in 2012 to deliver on his promises of hope and change.

    Now, the 36-year-old mother of three young children in Valencia, Calif., is among the majority of Americans who have lost confidence in Obama’s leadership and the job he is doing as president.

    “He’s been faced with a lot of challenges, and he’s lost his way,” Cole said in an interview. She worries that Obama lacks the resolve needed at a time when things at home and abroad are looking scarier.

    On the other side of the country, Karlene Richardson, 44, once counted herself a “very strong supporter” of the president. But now she feels much the same as Cole does.

    “Honestly, I just feel that what I bought into is not what I’m getting,” said Richardson, an author and motivational speaker who teaches health-care administration at a community college in Queens. “I’m starting to wonder whether the world takes us seriously.”

    Both Cole and Richardson were surveyed in the latest Washington Post-ABC News poll and represent one of its most striking findings: the degree to which the president’s approval has slipped among key parts of the Obama coalition — the women, youth and Latino voters most responsible for putting him into office.

    Women surveyed said they disapprove of Obama by a 50 percent to 44 percent margin — nearing an all-time low in the poll. It’s almost the reverse of the 55 percent to 44 percent breakdown for Obama among female voters in 2012, according to exit polls.

    Posted on September 11, 2014 - 09:36 PM #
  8. NoParty

    Why do you hate America so much Herb?

    Posted on September 11, 2014 - 10:09 PM #
  9. Skybill9

    " among the majority of Americans who have lost confidence in Obama’s leadership..."

    How can someone lose confidence in something that was never there?

    "Why do you hate America so much Herb?"

    Wow, you just don't get it do you?

    Posted on September 11, 2014 - 11:20 PM #
  10. skeptical

    Pre-dead crow: "This one's from the Washington Post, the same guys that went after Nixon."

    And that has pissed you off for 41 years now, eh? Perhaps finding a life would do you some good.

    Posted on September 11, 2014 - 11:58 PM #