thebigp

WND money Jerome R. Corsi---15F.,B26
Obama's latest fraud: 'economic recovery' disproven in just 9 areas
Numbers demonstrate failure of administration's policies
Published: 03/21/2016
NEW YORK – The Federal Reserve Bank of St. Louis updates quarterly a set of nine easy-to-understand charts that demonstrate how Obamanomics, the economic policies of the Obama administration, have failed to produce real economic benefits for the American people.
The nine charts illustrate that Obamanomics has dramatically increased both consumer and government debt; driven U.S. workers out of the labor force in a manipulation of statistics designed to allow the Bureau of Labor Services to report an unemployment rate that is artificially low; increased health-care costs despite the passage of the Affordable Care Act; and produced a questionable economic recovery, with U.S. growth rates still hovering at near-recession levels of economic stagnation.
This article is an update of a report published by Rachel Stoltzfoos, “Obama’s Economy in 9 Charts,” in the Daily Caller on Oct. 30, 2015. In September 2015, ZeroHedge.com introduced the concept of selecting nine charts to describe the Obama economy from the dozens of charts produced and updated by the Federal Reserve Bank of St. Louis.
Student loans
The first chart tracks student loans, making it clear that as of the third quarter 1990, there were no outstanding student loans. At the beginning of the Obama administration, in the first quarter of 2009, student loans stood at $146.6 billion. From there, the graph rises steeply. By the fourth quarter 2015, the last quarter for which the Federal Reserve Bank of St. Louis charted the data, student loans had risen to $945.6 billion.
The origin of the student loan program can be traced to Bill Clinton signing the Omnibus Reconciliation Act of 1993, which set up a phase-in of a direct government lending for student loans that replaced the program of government guarantees of private student loans arranged largely through banks, beginning with the National Defense Education Act of 1958 and the Federal Family Education Loan Program in 1965.
In signing the Health Care and Education Reconciliation Act of 2010, President Obama engineered a government takeover of the student loan program, so that today all student loans are direct government loans.

Food stamps
Under President Obama, the Supplemental Nutrition Assistance Program, or SNAP, commonly known as the “Food Stamps” program, has grown from $54.8 billion in 2009 to $69.4 billion in 2014.
In January 2015, the number of beneficiaries receiving food stamps topped 46 million for 38 straight months, with 14.6 percent of the population and 19.7 percent of all households receiving food stamps. This represents an increase of 1516.96 percent over the 2.9 million Americans participating in the food stamp program in 1969.
Federal debt
The federal debt is projected to nearly double under President Obama, with the Federal Reserve Bank of St. Louis chart showing it has increased from $11.1 trillion in the first quarter 2009 to $18.9 trillion in the fourth quarter 2015.
At the end of the George W. Bush presidency in January 2009, the federal debt stood at $10.6 trillion. It is projected to exceed $20 trillion by the end of Obama’s presidency in January 2017.

Money printing
While Quantitative Easing, the Federal Reserve policy of printing money to buy U.S. Treasury Department-issued government debt, known among economists as QE, began under President George W. Bush, it took off under President Obama.
The Federal Reserve Bank of St. Louis chart shows the adjusted monetary base of the United States rose from $1.772 trillion on Jan. 14, 2009, to $3.996 trillion as of March 16, 2016.

As WND reported in April 2014, the Federal Reserve in the Obama administration pumped the Federal Reserve’s balance sheet with more than $4 trillion of purchases of U.S. Treasuries and other federal government bonds. QE grew to a level of $85 billion a month under the previous Federal Reserve chairman, Ben Bernanke.
Health insurance costs
Despite Obama’s promises that the implementation of Obamacare would lower health-care costs, the Federal Reserve Bank of St. Louis chart shows the Consumer Price Index, CPI, for medical care services has continued a straight-line increase since the passage of the Affordable Care Act.
The CPI for medical care services has increased from 149.952 in January 2009 to 186.961 in February 2016, rising from a base of 100 in December 1999.
Labor-force participation
The labor-force participation rate has fallen consistently under the Obama administration as an increasing percentage of those out of work and looking for work simply give up and quit looking. The labor-force participation rate has dropped from 65.7 percent in January 2009 to 62.9 percent in February 2016.
In May 2014, WND reported that the Bureau of Labor Administration in the Obama administration had implemented a policy of making unemployment percentages look artificially low by increasing the number of workers considered no longer in the work force.
In April 2014, nearly 93 million Americans were considered out of the labor force. According to John Williams, an economist known for arguing the government reports manipulate “shadow statistics” of economic data for political purposes, drops in the unemployment rate as reported by the BLS have become virtually meaningless.
“The broad economic outlook has not changed, despite the heavily-distorted numbers that continue to be published by the BLS,” Williams writes in his subscription newsletter on ShadowStats.com. “The unemployment rates have not dropped from peak levels due to a surge in hiring; instead, they generally have dropped because of discouraged workers being eliminated from headline labor-force accounting.”
Business workforce share of income
The Bureau of Labor statistics measures labor’s share of the income produced by nonfarm employment, roughly described as employment in the business sector of the economy. The measure is often used to interpret “the worker’s share of the economy,” with a declining index interpreted as a measure of growing economic discontent among middle class employees.
The index has dropped from a peak of 103.605 in the first quarter 2007, under President George W. Bush, to 99.350 in the fourth quarter 2015, under President Obama.
Median family income
Real median household income in the United States has declined from a height of $57,357 in 2007 under President George W. Bush to $53,657 in 2014 under President Obama.
The calculation takes into consideration the “Obama economic recovery,” in that real median household income in the United States by 2013 rose to $54,426 in 2013, from a low of $52,605 in 2012, only to fall back again in 2014.
Home-ownership rate
Home ownership under Obamanomics has continued a straight-line decline that began with the collapse of the substandard real estate market during George W. Bush’s second term in office.
The home-ownership rate has declined from 67.4 percent in 2009 to 63.7 in the second quarter 2015. On July 28, 2015, the Wall Street Journal reported that the rate of home ownership in the second quarter 2015 hit a 48-year low, reflecting the reality that fewer middle class Americans can afford to buy a home. Under Obama, an increasing number of Americans are living in rented homes, with the American dream of owning a home no longer an economic reality.

STUDENT LOANS-2009-146.6B TO 2015-945.6B
FOOD STAMPS--2009-54.8B TO 2014-69.4B--46M PEOPLE FOR 38 STRAIGHT MONTHS--146.% OF POPULATION OR 19.7% OF HOUSEHOLDS
FEDERAL DEBT--2009-11.1T TO 18.9T IN 2015---2016 AT 19.4T--PROJECTED TO BE 20T BY 2017--IT WS 2.9M IN 1969 OR AN INCREASE OF 1516.96%
MONEY PRINTING-1.772T IN 2009 TO 4T IN 2016
H.C. COTS-149.952 IN 2009 TO 186.961 IN 2016
LABOR FORCE PARTICIPATION--67.3M IN 2010 TO 93M IN 2014
WORKERS SHARE OF ECO-103.605 IN 2007 TO 99.350 IN 2015
MEDIAN FAMILY INCOME-$57,357 IN 2007, $52,605 IN 2012, $54,426 IN 2013 TO $53,657 IN 2014
HOME OWNERSHIP--67.4% IN 2009 TO 63.7% IN 2015 A 48 YEAR LOW
SOURCE-wnd, jerome corsi, rachael stolzfoos, daily caller, zerohedge.com, omnibus reconciliation act of 1993, john williams,wsj.

robmull Loc: florida

What is interesting me most, currently, bigp, is the "student loans." I saw an "apostate" Muslim woman today on youtube, {now a "devout" Christian}, and one of her most dramatic and unsettling points in the video was about Harvard, Princeton and Yale, and their practically overflowing attendance by {foreign?} Muslims. And I'm wondering if these Muslims are on the same type of "Foreign Exchange" ticket as our current "Natural Born" POTUS. Hummmmm. "Natural Born," and "Foreign Exchange." THAT'S legally impossible in America. And is our current POTUS making this overflowing number of {foreign?} Muslims on the same American taxpayer role as building the {3000?} Mosques in America and rebuilding the many bombed-out and dilapidated Mosques in the Middle East over the last 7 years? And now the American taxpayer financed migrating hoards {millions?} of un-vetted, undocumented, "jihad" aged "refugee/terrorists" to our "Shining Light on the Hill, From Sea to Shining Sea," over the past few years??? Hummmmmmmmmmmmmmmmmm, again. GOOOOOOOOOOOOOOOOOOOOOOOOOO TRUMP!!!

Patsaco1

Trump is right....he really has all the info. Go Trump-Pence.

no propaganda please Loc: moon orbiting the third rock from the sun

The new GDP numbers are terrible. No wonder Hillary won’t talk about the economy
Steve Moore

By Steve Moore Published August 26, 2016 FoxNews.com
Facebook Twitter livefyre Email Print

No wonder Hillary doesn't want to talk about the economy. ‎

We got revised GDP numbers from the Commerce Department on Friday and the economy actually did slightly WORSE than originally estimated. Growth was 1.1 percent in the second quarter of this year and less than 1 percent for the first six months of 2016. The business sector of the economy has sunk recession territory. Profits are shrinking (down 2.4 percent last quarter) so how long can the stock market rise?

The consumer is keeping the economy out of negative territory, but that's only because we are spending more than we are earning.

How long can that go on? About as long as the housing bubble could inflate without bursting.

For years the polls have shown that Americans are hyper-concerned about the economy and job security. That was when the economy was growing at a meek 2 percent. Now at 1 percent, we aren't just treading water, more families are being plunged underwater.

This is some recovery. Under Reagan we had growth rates quarterly of 5, 6 and even 7 percent. Economists in the '80s worried about overheating. Too much growth. Now growth is nowhere to be seen - except for those at the very top of the income ladder.

The Democrats who keep saying how well the economy is doing seem to be living in an alternative universe. And that's probably because so many of the leftwing pundits and economists live and work in Washington DC, which really is doing just fine - thank you. DC is booming thanks to the tribute taxpayers from real America send each month to the capital. Three of the five wealthiest counties are around DC. That tells you everything about who is getting rich off liberal government expansion policies.

Hillary says that what the economy really needs now is a tax increase. Crazy. ‎A new study by the National Center for Policy Analysis says that Hillary's economic plan will eventually shave 1 percent off GDP. That would technically sink the economy down to zero growth.

Oh and there was more wonderful news this past week. The deficit is now climbing again to an estimated $600 billion this year. The red ink is headed back to $1 trillion on current course. Some states are facing 20 percent or more rise in Obamacare premiums this year.

The Financial Times reports that we are still 1 million manufacturing jobs short of where we were in 2007.

So much for morning in America.

Trump must hammer Hillary and Obama on these abysmal economic developments. What is needed? ‎Tax cuts. Deregulation. American energy production. Repeal of Obamacare. He should talk about little else if he wants to win.

The appeal of Hillary's "four more years" agenda is in mortal peril given the flimsiness of the economy. We are moving in the wrong direction. Two of three voters have been saying this for years. ‎ The burger flipper economy has flattened wages as Census Bureau data tells us.

Could it get worse? Here's ‎how economist David Tuerck described Hillary's jobs plan in his NCPA study: ‎"What we have here is a plan to destroy hundreds of thousands of private sector jobs just to pad government payrolls while, in the process, doing almost nothing to improve tax fairness."

The one percent growth economy is the new normal thanks to liberal governance. With Hillary's tax and spend agenda, a 2017 recession could be on the way.

Stephen "Steve" Moore is a Fox News contributor. An economic consultant with Freedom Works, Moore previously wrote on the economy and public policy for The Wall Street Journal.