US Action News

[T]he unemployment rate fell by 0.1%, to 8.2%. But we see that the number of people who are actually employed dropped by 31,000, so how can the unemployment rate fall? Because the number of people looking for a job dropped by 164,000. If you aren’t looking for a job, you are not considered unemployed. Thus the participation rate, or the number of adults either working or looking for work, dropped by 0.1% to 63.8%.

To paraphrase Grouch Marx “Who ya gonna believe, Obama our your own eyes?” Obama and prominent Democrats railed against high gas prices under Bush but what is the excuse now? It’s all lies, lies and damned oil lies. Obama will say anything. To him the ends (his power) justifies the means. He taught Saul Alinsky tactics as a young community organizer.

This is the market at work — that network of exchange, cooperation, service, innovation, emulation and competition that makes the world tick, all in the service of human well-being. The more market we have, the more progress we will see.

Illinois has combined $137 billion in pension and healthcare liabilities on top of $9 billion in current unpaid bills. Yet, Illinois legislators will not even ask 6-figure pensioners to pick up a portion of their health premiums.

Obama warned Americans that he wanted higher energy prices. Higher energy prices mean higher prices for everything. Everything uses energy in manufacturing and / or distribution. He couldn’t get his cap and trade scheme passed so he’s doing it with the EPA.

Right now the U.S. government can still borrow trillions of dollars at super low interest rates thanks to games being played by the Federal Reserve. But it is simply not possible for this Ponzi scheme to last too much longer. When it ends, the pain will be extremely great.

It is becoming increasingly clear that the “workers” he is supposedly concerned about are going to be dismissed or ignored so that wealthy environmental groups can be accommodated.

Economic collapse or dollar collapse? “There is no real recovery. It’s phony. It’s simply a stimulus induced consumption binge.” Peter Schiff who is famous for warning about the housing bubble is interviewed on Fox.

Eight of the 18 non-incumbent Democrats running for Senate surveyed by The Hill either steadfastly support the pipeline or oppose it outright, breaking with Obama’s decision to reserve judgment on the project until federal regulators conduct a full review. – The Hill

Supply matters. Even Obama and the anti-drilling Democrats have acknowledged that increasing supply brings down prices. But they don’t want the economic boost and jobs from more drilling to happen in America. Obama and the Dems have asked Saudi Arabia and Brazil to increase supply to help bring down prices but continue to lie about increasing supplies at home.