The Gateway Pundit
The real Obama unemployment rate is above 10%
The number that’s released by the Labor Department, the 5.6% unemployment number, does not count the millions of people who were unable to find a job gave up looking for work.
Via Rush Limbaugh:
And, now even Gallup Chairman Jim Clifton is reporting on this horrid reality:
Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.
Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.
None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast “falling” unemployment.
There’s another reason why the official rate is misleading. Say you’re an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 — maybe someone pays you to mow their lawn — you’re not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.
Yet another figure of importance that doesn’t get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find — in other words, you are severely underemployed — the government doesn’t count you in the 5.6%. Few Americans know this.
A Stimulus a year since Obama took office. On deck the summer of recovery.
Via Washington Examiner
President Obama is expected to reveal a plan to tax offshore profits to fix the U.S.’s infrastructure.
Obama will propose a mandatory 15 percent tax on corporate profits kept abroad in order to fix roads, bridges and other infrastructure around the nation, according to a White House document obtained by Politico.
The proposal will impose taxes on the $2 trillion in profits kept outside the U.S. to “make critical new investments in our roads, bridges, transit systems and freight networks as part of a $478 billion, six-year surface transportation reauthorization,” according the plan’s summary.
Hiking taxes on capital gains as well as ending a loophole that benefits wealthy when their heirs inherit there assets will also be proposed.[…]
This year’s proposal will also include a $176 billion increase in spending on federal highway and transit programs.
Get ready to pay for this, too.
President Barack Obama on Friday will propose making two years of community college free for students.
In a White House video posted Thursday evening, Obama said he wanted to offer “a little preview” of his plans for the Jan. 20 State of the Union address.
“What I’d like to do is to see the first two years of community college free for everybody who’s willing to work for it,” Obama said. “It’s something we can accomplish, and it’s something that will train our workforce so that we can compete with anybody in the world.”
The proposal would make two years of community college free for students with a C+ average who attend school at least half-time and who are making “steady progress” toward their degree.
Establishment Republican Speaker of the House John Boehner promised to fight Obama’s unconstitutional “executive amnesty” tooth and nail. However, as he has done so many times during his tenure as Speaker, Boehner broke this promise. It is time to fire John Boehner and replace him with a limited government constitutional conservative who will keep his promises and protect American jobs and American exceptionalism.
Senator Tom Coburn (R-OK) has released his annual list of government spending projects. These projects tend to be funded by the countless federal agencies that crowd the Debt Star without direct approval by Congress, thereby avoiding accountability to those of us left to finance them. CNS News has collected a few samples:
• Swedish massages for rabbits: $387,000
• Teaching Mountain Lions to Ride a Treadmill: $856,000
• Studying how many times “hangry” people stab a voodoo doll: $331,000
• Studying the gambling habits of monkeys: $171,000
• Producing the children’s musical: Zombie in Love: $10,000
• Funding a “Stoner Symphony”: $15,000
• Subsidizing Alpaca Poop: $50,000
• Synchronized Swimming for Sea Monkeys: $307,524
• Produce a “Hallucinatory” Roosevelt/Elvis show: $10,000
• Funding Climate Change Alarmist Video Game: $5.2 million
• Teaching Kids to Laugh: $47,000
• Developing a real-life Iron Man Suit: $80 million
• Tweeting at Terrorists: $3 million
• Predicting the End of Humanity: $30,000
• Funding Kids Dressing Like Fruits and Vegetables: $5 million
• Help Parents Counter Kids’ Refusals to Eat Fruits and Veggies: $804,254
• Lost electronic devices from NASA: $1.1 million
• Studying if Wikipedia is Sexist: $202,000
• Asking heavy drinkers not to drink through text message: $194,090
• Government Funded Ice Cream: $1.2 million
Click through for annotations.
Not even a Supreme Court Justice could find the constitutional authority to spend our confiscated money on any of this demented crapola.
Meanwhile, the national debt rockets toward $18 trillion, a number too vast for the human mind to properly comprehend, with no sign of slowing despite the steady upward creep of taxation.