Retired Geek - Obama's Presidency Condensed - Part 2

Jobs - Obama's Abject Failure:

In February 2009, Barack Obama asked for and was given more money to 'Fix' the American Economy which ostensibly meant the Creation of Jobs, than any one person in Human History. Barack Obama believed that his version of Socialized Medicine (ObamaCare) was the solution to America's economic morass and instead of Jobs, focused like a laser on ObamaCare.

Unemployment and Underemployment began rising all over the United States to unprecedented levels and record breaking numbers.

The Obama Administration began using the term 'Pivot' to explain (Repeatedly) that Barack Obama would soon 'Pivot' and focus on Job Creation. As Job loss continued to rise, Barack Obama then redefined 'Job Creation' to mean not only Jobs Created, but Jobs Saved in order to cover up the millions of Jobs destroyed by his Policies.

Democrats took complete control of the House and Senate in January 2008 (4.7% unemployment) and the Presidency in January 2009. The graphic below illustrates the Job loss in the United States by County from January 2008 through February 2011 (9.2% unemployment).

How the Government determines the Unemployment rate in the United States.

The unemployment rate is determined by a survey (poll); called the Current Population Survey (CPS) to measure the extent of unemployment in the country. The CPS has been conducted in the United States every month since 1940 (computerized methods started in 1994).

Approximately 60,000 households are sampled for this survey in 824 geographic areas, which are selected from 2,025 geographic areas (sampling units) that represents each State and the District of Columbia. These 'sampling units' are selected by the Census Bureau (which explains why Barack Obama wanted the Census Bureau reporting directly to the White House).

Every Month, 25% of the households surveyed are changed leaving no household surveyed more than 4 consecutive Months. This procedure results in approximately 75% of the sample remaining the same from Month to Month and 50% from Year to Year.

Household members 15 Years old and Older are surveyed and the results entered into laptop computers and the collected data is downloaded Daily to the Census Bureau's central computer in Washington, D.C.

Government Officials claim that the data collected is within ±290,000 jobs - if they conducted a total survey of the United States. This is approximately ±1.45% of the 20 million unemployed or underemployed and most surveys (polls) are only accurate within a ±4% to 5% - which calculated at 4.5% would be 900,000 rather than 290,000 or a 32% differential.

How employment-unemployment is determined:
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1) People with jobs are employed.
2) People who are jobless, looking for jobs, and available for work are unemployed.
3) People who are neither employed nor unemployed are not in the labor force.
4) People underemployed (those who want full time employment but are working part-time are NOT counted).

Barack Obama's Jobs Record:

1. Lowest level of Employment since 1983 (58.1% of Adults Working).
2. Highest Long Term Unemployment Rates since the 1930's (45.9% of Total Unemployed for Six Months or Longer).
3. Number Of People (over 16) Who Didn’t Work At All in 2010 Increased To 86.7 Million.
4. Economy added no jobs in August 2011, the first time since February, 1945.
5. 34.6% of all jobs created by Obama in April, 2011 were at McDonald's.
6. 56% of all jobs created by Obama in May, 2011 were at McDonald's.
7. According to the U.S. Department of Labor's Bureau of Labor Statistics, there are more than 28 million people currently unemployed or underemployed in the United States.

Problem Solving - Obama's Expertise:

“It is absolutely certain that generations from now, we will be able to look back and tell our children that this was the moment when we began to provide care for the sick and good jobs to the jobless; this was the moment when the rise of the oceans began to slow and our planet began to heal.” Barack Obama

Barack Obama is convinced that 'Wealth Re-Distribution' and 'Borrowing and Spending' are the two solutions, that will solve all of America's Economic woes and problems.


Barack Obama wants to Increase Spending:

The most effective Method available to 'Out of Control' budgets for Individuals, Families, Local, State and Federal Governments is to Cut Spending.

This is the most important fiscal tool available and the only the only method that is absolutely predictable - CUT SPENDING - this is a tried and true solution for individuals, families and Governments.

“Whether Barack Obama is simply incompetent as president or has some hidden agenda to undermine this country, at home and abroad, he has nearly everything he needs to ruin America, including a fool for a vice president.”
Dr. Thomas Sowell

Barack Obama wants to Raise Taxes:

The second most important fiscal tool is to create more income through Overtime work or additional jobs for Individuals and Families.

This is the 'Demarcation Line' between Individuals, Families and Government.

Increasing overtime or jobs in Government, reduces Government efficiency, increases Government Costs and reduces jobs for the Private Sector, which REDUCES income for Governments.

Increasing Taxes on productive workers in the Private Sector has a devastating effect on Individuals and Families - starts the vicious cycle all over again - placing Individuals and Families in jeopardy while decreasing income for Governments through Job Suppression in the Private Sector.

Increased Taxes on Corporations and Businesses are simply virtual taxes on Individuals and Families because the increased costs are passed to the Consumer and the vicious Cycle continues.

Spending cuts that are tightly coupled with Tax reductions and a decrease in Government Employees, has a Positive effect by increasing Private Sector Jobs and Individual and Family Incomes - which increases Government Income.

When the Private Sector begins to have more Disposable income, Investments are made, New Businesses are Created and the Vicious Cycle begins turning into a Productive Cycle and all that work and are productive benefit.

This is not complicated neither is it Rocket Science to anyone, except those dedicated to Big Government, Liberal Progressives (Marxists).

Those demanding 'Social Justice' through 'Wealth re-distribution, reveals the age old struggle between 'Good and Evil' and those blinded by jealousy, greed and envy.

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Obama's Presidency Condensed, will be continued.

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Related Post: Retired Geek - Obama's Presidency Condensed - Part 1
Related Post: Retired Geek - Obama's Presidency Condensed - Part 3

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