Dirty Liar Harry Reid Lies About $2.6 trillion cuts in ‘This Week’ interview [VIDEO]

http://campaigntrailreport.com/wp-content/uploads/2012/08/dirty.jpgSenate Majority Leader Harry Reid (D-NV) answers a reporters questions after the Democrat’s weekly policy luncheon, at the US Capitol, January 29, 2013, in Washington, DC. The leaders discussed pending immigration reform, bipartisan issues and the recent Supreme Court ruling on President Obama’s recess appointments. UPI/Mike Theiler
Even the liberal leaning FactCheck.org called out Senator Harry Reid for being doubly wrong in his claim that Congress has already cut $2.6 trillion from projected future deficits by reducing non-defense programs alone.

The site explained that not only did the legislation he referred to applied to both security and non-security spending, but that a considerable part of the deficit reduction came from tax increases and not spending cuts.

The worst part? The senator made the same erroneous statement twice. Reid made the affirmations on ABC’s “This Week” on Feb. 3rd, were he also added that further deficit reduction should include more tax increases and cuts in military spending.

“The American people need to understand that it’s not as if we’ve done nothing for the debt. $2.6 trillion, $2.6 trillion already we’ve made in cuts. And all those cuts have come from non-defense programs. We need to keep our eye on the prize and continue doing something about spending, but I think that what we need to do is do some of the things that Mitt Romney talked about. He said there’s some low-hanging fruit; there are a lot of tax loopholes that should be closed. I agree with him. We haven’t done that.,” he said.

Later on, after host George Stephanopoulos probed the Senator on the issue, he repeated his claim saying,

“I repeat: $2.6 trillion already, all coming from non-defense. If we’re going to have a sequester, defense is going to have to do their share”

According to FactCheck.org Reid inflated the $2.6 trillion figure for the show. The senator referred to the same figure as being $100 billion less, three days before on the Senate Floor.

“We have already made nearly $2.5 trillion in historic, bipartisan deficit reduction,” he said on the floor Jan. 31.

The Real Unemployment Rate 14.4% Here’s the Technical Breakdown

UPDATE: The Labor Department reported this morning that initial jobless claims last week rose by 4,000 to 371,000.

The truth is not close to the numbers the pundits and politicians share in public. Underemployment must be part of this mix.  Please read and share the article by Markos Kaminis, aka the Wall Street Greek. -PBN

Nonfarm Payrolls increased by 155,000 on net in December 2012, a number that perfectly matched against the consensus of economists surveyed by Bloomberg. The Unemployment Rate was likewise perfectly placed against economists’ expectations at 7.8%, and it was unchanged from November. But America wants to know what the real rate of unemployment is.

Years ago, we were one of the first to shed light on the concept of an underemployment rate, which incorporates people who are not satisfied with their less than full employment and also includes those desperate Americans detached from the labor force. Ahead of the presidential election, Mitt Romney was talking about another version of unemployment that we also suggested Americans consider. That figure used a labor participation rate from when President Obama took office, though we would look back further to when unemployment was under 5.0% instead. It makes sense to use such a participation rate, if you believe population growth and the maturing of Americans at least matches the number of seniors retiring by choice and Americans passing away prematurely. Obviously there are demographic trends at play as well, like the aging of the baby boomers, but so much so soon? Because of the relevant issue of long-term unemployment in America today and workers falling off the labor force radar screen while still interested in working, these figures are likely closer to reflecting the true state of American labor.

Under-Employment

The calculation of the under-employment rate, or the U-6 by government notation, takes into account the number of Americans working part-time for economic reasons and the detached workforce. Working part-time for economic reasons is equivalent to folks who would prefer full-time employment but have had their hours cut or have had to otherwise settle for part-time work. Detached workers are those Americans who have not recently looked for work, sometimes because they do not believe work exists for them today. In getting to the U-6 “underemployment” figure, we’ll need to include these groups of workers with unemployed Americans. If we add back the excluded 2.614 million displaced workers to the labor market, and include the 7.918 million underemployed part-timers in the unemployed count, December adjusted unemployment is found to be ((12.206M + 2.614M + 7.918M) / (155.511M + 2.614M)) * 100 = 14.4%. In November, the rate was ((12.042M + 2.505M + 8.138M) / (155.319M + 2.505M)) * 100 = 14.4%, or the same misery.

This data can be skewed by any of its components. Starting with the denominator, the labor force count increased in December, which would dilute the numerator and moderate the unemployment rate. Note, however, that in December the number of detached workers increased by 109K and the number of forced part-timers decreased by 220K. It’s hard to say whether detached workers disappeared off the radar screen and part-timers got fired, or if these folks found work of some sort. Most importantly, the number of people reporting unemployed status was up by 164,000. The end result of the changes in the categories netted into something less than significant enough to change the underemployment rate, matching the message of the unchanged unemployment rate in December.

Historically speaking, U-6 unemployment is improved, as you can see by the table here. However, this improvement may be for another reason which is unaccounted for by this data, which we discuss in the paragraphs below.

Monthly Period U-6 Unemployment Rate (Seasonally Adjusted)
December 2009 17.1%
December 2010 16.6%
December 2011 15.2%
December 2012 14.4%

What About the Forgotten?

I often talk about the great degree of long-term unemployment plaguing our nation today and how this has uniquely impacted reported employment data. The number of Americans unemployed for 27 weeks or longer was relatively unchanged in December at roughly 4.8 million. This represented 39% of the total unemployed count.

The proportion is down from recent history, though it continues to reflect poorly on the state of labor. That’s because the longer people remain unemployed, the harder it gets for them to find jobs in their specialty fields due to eroding and outdated skill sets. Many of us fear that improvement in the proportion of long-term unemployment is partly due to Americans simply falling out of the labor force count rather than finding new employment.

For this reason, some, including yours truly and more notably Mitt Romney, have been considering what the unemployment rate might be at labor force participation rates of the past. The labor force participation rate was 63.6% in December 2012. That compares against 66.4% in December 2006, which was the high for December since 2002. Now, maybe that participation rate reflected the excesses of the mortgage, construction and finance industries that resulted from greed and the fault of the rating agencies and those industries. Those faults are still bearing out in layoffs, like the significant cuts announced last year by Bank of America (BAC) and again late this year by Citigroup (C). Still, let’s calculate what the unemployment rate would be at such a participation rate, because if the economy had not been so disrupted by the financial crisis, perhaps those employed in the synthetically fattened fields might have found other work.

Applying the 66.4% rate to the civilian noninstitutional population count in December 2012, we get a civilian labor force count of 162,248,400, versus the 155,511,000 reported (Note calculation error exists because of the seasonal adjustment to the labor force count. I’ve attempted to back into that adjustment and apply it to the theorized labor force count, resulting in this figure for the adjusted labor force: 162,357,396). After that adjustment, the difference from this December’s workforce count is 6,846,396 million Americans who would be added to the unemployed count as well. So, the real unemployment rate could be 11.7% (not 7.8%) if those nearly 7 million Americans have simply fallen off the radar. Likewise, the real underemployment rate could be as high as 17.9% today.

Those are much more significant figures reflecting a poorer state of health for American labor and the economy. Now, the trend would still seem to be improving, but the data would argue for continued stimulation of the economy by the Federal Reserve and through fiscal policy. The theme of this article is to simply show what real unemployment might be, and not to get deeper into resulting fiscal and monetary policy consequences and strategy, but perhaps we’ll expand upon this in upcoming work for you. It’s clear that we need to continue to stimulate job creation in America so that we can support and grow consumer spending and personal income, and in so doing raise revenues to support our nation’s needs and growth.

If we can accomplish this while at the same time reining in excess spending and gaining control of our debt, then we might maintain an environment supportive of business. An environment supportive of business is an environment supportive of the stock market. Thus, dignified decision-making must overtake dysfunctional politics in Washington D.C. if we are to see the historical average gains of the market continue over the next several decades. Therefore, we must demand more from our politicians. Otherwise, the performance of the broader indexes, reflected in the SPDR S&P 500 (SPY), SPDR Dow Jones Industrial Average (DIA) and the PowerShares QQQ (QQQ) will diverge from their historical gains. For this reason, today’s market is a stock-pickers’ market, but one burdened by the heavy weight of macroeconomic issues. To help to lighten that burden, we must continue to seek to spur job creation, because the situation is worse than it seems as indicated by the real unemployment rate.

Obama Supporters Celebrate Election Victory: ‘No More Israel… F**k That Sh*t, Kill Those Mother F**kers’

Obama supporters were out in large numbers Tuesday night celebrating President Barack Obama’s successful bid for re-election.

RebelPundit’s Anne Sorock was on the ground on State Street, presumably in New York City, and was able to ask some Obama voters what another term under the president may look like. The answers were, to put it generously, predictable and alarming.

“It really mean to me, no more Israel,” one supporter said. The rest of the man’s answer is almost entirely indiscernible as English. However, TheBlaze will try to transcribe his comments as accurately as possible:

“Iran. Man, to tell you the truth, if mother f**ker Obama, if uh, they thought Mitt Romney was going to war with mother f**king Iran. And they felt, the mother f**ker, what’s his name? Notnuhnoo [sic],” he continued.

“Oh, Netanyahu?” Sorock clarifies.

“He felt the mother f**ker was going to war with f**king Iran, he felt Obama wasn’t going to go with that sh*t though. Obama fell back like man, f**k that sh*t, kill those mother f**kers,” he concluded. read more

Romney Takes The Vote In Israel 85% to Obama’s 14.3%

Abe Katsman of the Times of Israel writes of the Romney landslide among American voting in Israel:

“The Presidential election results are in.  Well, at least the votes from Americans in Israel.  Not one to keep readers in suspense, I’ll reveal the most important numbers up front: Gov. Mitt Romney received 85%–85%!–of the vote; President Obama managed only 14.3%.  This,  according to exit polling just released by iVoteIsrael, the non-partisan group promoting and facilitating voting by U.S. citizens currently in Israel.  Their statistics reveal some fascinating results.  More importantly, these results have implications for the outcome of next week’s election.  (Again, not to keep you in suspense: those implications favor the Republicans.)”

 

Sandy, obama Only looked Presidential Day Two of Storm, Now The Real O is back Campaigning

City Councilman James Sanders (D-Far Rockaway) said he fears the situation will devolve into anarchy.
“We have an explosive mix here,” said Sanders. “People will take matters into their own hands.”

Walter Meyer, 37, lives in Park Slope but often surfs in the Rockaways. He said it’s not the place it was before the storm.

Stories keep pouring out of storm damaged cities where Sandy left devastation, the people are saying:
“After sunset everyone locks their doors,” said Meyer, as he loaded up a solar panel from a factory in the Brooklyn Navy Yard to bring to local residents. “They’re trying to find whatever weapons they can find. Some people are even using bows and arrows.”

“If you are heeding into the Rockaway beach to assist, there is a request for firearms, hot food, and cold beer. These next 24 hours are critical for these folks, the government has really let them down,” Meyer posted on Facebook Thursday. read more

Storm Victims In NY Starving, Where Is Obama, We Leave No Man Behind? Pffft.

[jwplayer mediaid=”30579″]

These People are starving, but remember MSNBC attacked Mitt Romney for trying to gather up food and water for these very people. Obama did nothing but give a few speeches, he didn’t actively gather up food for donations, nor did he do any hands on to hand it out, like Romney has. He went to NJ for a photo shoot.

begging for gasoline, food and clothing three days after Sandy slammed the New York City borough.
“We’re going to die! We’re going to freeze! We got 90-year-old people!” Donna Solli told visiting officials. “You don’t understand. You gotta get your trucks down here on the corner now. It’s been three days!”

Staten Island was one of the hardest-hit communities in New York City. More than 80,000 residents are still without power. Many are homeless, and at least 19 people died on Staten Island because of the storm.
If obama went out to gather people to bring in food and water MSNBC would have praised him highly, you can count on that…

MSBNC Attacks Romney For Helping Those Devastated in Sandy’s Wake

Romney held a campaign event in Ohio today, which he turned it into a relief fund drive for those devastated in the horrific storm Sandy, but MSNBC, took to the airwaves and bashed Romney for doing so…Joel Sheppard had this to say about MSNBC:  I guess the geniuses at MSNBC so blinded by their desire to get Obama re-elected didn’t notice that, nor did they recognize that they were spitting on all the people in Ohio that turned out for this event to give of themselves to their fellow Americans in need.

Shame on Bashir and all those involved in this despicable couple of segments.

National tragedies like this are when we’re all supposed to come together as a nation.
It’s apparent that’s not possible for these shills.

“Imagine that. A presidential candidate who gives millions of dollars a year to charity does a storm relief event in Ohio, and an MSNBC anchor is disgusted by it because the Red Cross would prefer people donating cash.”

Even Adrea Mitchell got in on the attack, with her high and mighty self…

Mitchell accused Romney of surreptitious campaigning, and asked what are the true intentions of Governor Romney collecting storm supplies after a hurricane.
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Obama on Storm Trail Because It’s Election Time, KY & TN Was Snubbed

NO OBAMA

obama is all about in the storm areas, feigning concern and giving orders. I have to ask if this happen a year ago before Mitt Romney ran all up in his safe area, would obama be out doing what he is doing now? I don’t think so…

When Texas was ablaze he didn’t visit, he refused to send help, he was playing partisan politics with federal government disaster relief funds by denying federal assistance to victims of those wildfires in Texas.

Remember the disaster in Tennessee in 2010, when obama was comfortable and not up against Romney taking his place…Nashville received around 10 inches of rain – a record breaking rain fall that caused an astounding amount of flooding. The surrounding rivers swelled and water  rushed through the streets and into buildings. Thousands lost their homes. The Opryland Hotel filled with 8-10 feet of water. Businesses lost everything.

President Obama didn’t even acknowledge that anything had even happened in Middle Tennessee, in fact the headlines read, Nashville Drowning, Obama silent, HOPE crumbles like a Coke can..

To quote The One himself, let me be clear: Tennessee seems to be handling this disaster quite well. This is not a call for Federal aid to rush in.

The Kentucky Flooding Claimed 29 Lives, The flooding in Tennessee claimed 10 lives in Nashville..

Obama was no where to be found.

It is obvious the only reason we are seeing obama out now in the East Coast storm areas is because he is trying to do everything possible to get re-elected. He wants people to see him acting presidential, in command and control..

He said on the news this morning concerning the Sandy storms ” We can’t leave one man behind” I am sure those in Benghazi wished he felt this way when they were being attacked..

Did the media attack obama on his slackness in Ky or Tn, NO, have they attacked him about his mishandling of Benghazi, NO… what did the MSM do? They are attacking Romney today claiming he would not help those with relief aide of Sandy…which is an out right lie, Romney has been in Ohio helping,  giving out water etc…

On June 14, 2011 Romney was ask:
Moderator: “Governor Romney? You’ve been a chief executive of a state. I was just in Joplin, Missouri. I’ve been in Mississippi and Louisiana and Tennessee and other communities dealing with whether it’s the tornadoes, the flooding, and worse. FEMA is about to run out of money, and there are some people who say do it on a case-by-case basis and some people who say, you know, maybe we’re learning a lesson here that the states should take on more of this role. How do you deal with something like that?”

ROMNEY: “Absolutely. Every time you have an occasion to take something from the federal government and send it back to the states, that’s the right direction. And if you can go even further and send it back to the private sector, that’s even better.

This is what the MSM is using to claim Romney would just let those in the Sandy disaster fend for themselves….How they get that out of his statement I have no clue but like Obama the media is doing everything they can to get obama re-elected too…

It is sickening to watch obama use this disaster, the destroyed homes, the lives lost,  as a political play to help him, he isn’t worried about any of those people, if it wasn’t an election, you would find him on vacation or golfing…just as Ky and Tn found out the hard way, Obama’s HOPE is only there when it is convenient…

I’ve seen Romney out in the storm areas doing some hands on WORK, all I have seen from obama is behind the microphone, saying look at me, I’m here , it’s going to be ok…

Obama would have went right on campaigning in Florida the day the storm hit, if his party had not seen what a disaster it would cause and made him return to Washington… think about it, he knew the storm was coming but he went to Florida anyway…They already witnessed  Romney canceling his campaigning and knew if he was doing it, it would look really bad for the president to continue to campaign…

Old People Prove Liberal Ignorance Last a Life Time, video features dirty-mouthed old people lambasting Republicans, Romney


I guess you never get to old for stupidity, and some people never grow up, some never become educated, some never learn from mistakes made over and over….Micheal Moore is one of them and some of the residents he uses at a Nursing Home fill the bill pretty well too.

Although I really don’t believe they are in a nursing home, I believe they are paid obamabots, paid by moveone.org, Michael Moore and George Soros

Liberal film producer Michael Moore is out with a new “NSFW” (not safe for work) Moveon.org campaign ad featuring elderly nursing home residents cursing and describing the dirty things they will do if the Republican Party and GOP presidential nominee Mitt Romney win the election.

“I was born in 1915 during World War I. My first vote was in 1940 for Franklin D. Roosevelt and I have not missed an election since,” says 97-year-old Marie, in the video. “And I want the Republican Party to know, if your voter suppression throughout this beautiful country enables Romney to oust Barack Obama we will burn this motherfucker down. ” (does she mean the nursing home)
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Fact Check: Washington Post Calls Romney Jeep Ad Correct

While the left are busy attacking Romney over his Jeep ad, calling him a liar, the truth is popping up all over the place, end results? Romney is telling the truth!!! The Washington Post Fact Checker has declared that Mitt Romney’s television ad about Jeep production being moved overseas, which has “hurt” the “feelings” of the Obama campaign and the left, is “factually defensible” and “technically correct.”

Actually, the Fact Checker’s Glenn Kessler gave the Jeep ad four Pinocchios, somehow conveying a verdict of gross dishonesty, despite the fact that no statement in Romney’s ad is incorrect. But my headline conveys the “overall impression” of Kessler’s article–which is the standard he uses to attack Romney.

American taxpayers should prepare themselves for another slap in the face, courtesy of the much-ballyhooed Obama auto bailouts. After spending about $85 billion to bail out Chrysler, General Motors and Ally Financial (formerly known as GMAC), taxpayers are being rewarded by Chrysler’s parent company, Fiat, announcing that it is preparing to build its Jeep brand vehicles in China. http://nlpc.org/stories/2012/10/23/bailed-out-chrysler-build-jeeps-china

Taxpayer Funding of Chevy Volt to Create Jobs – In China
http://nlpc.org/stories/2011/09/25/chevy-volt-production-create-green-jobs-%E2%80%93-china

In fact you can check out all the attacks on Romney and how they have  been fact checked only to prove he is telling the truth.
http://www.washingtonpost.com/blogs/fact-checker

Democrats Turn Sandy (frankenstorm) Into a Political Storm

I will destroy the U.S.

Turning the tide on the Democrats, as they already begin to use this horrific storm as a political ploy, after all it was a liberal who said, Never let a crisis go to waste!!!

Instead of considering the devastation the people in the storms path are facing, they want to score a few political points, which only makes them look to be the asses they truly are…

On MSNBC this morning and CNN, there were Obama campaign aides on these network shows actually discussing how this storm could help Obama if they played it right.

Obama’s campaign party said this storm may actually help obama win the election…and Clinton wants to compare it to a Romney presidency.

It’s a crisis that would allow Obama to look as though he’s in command.  Obama in charge of the federal Treasury. Obama could make sure gasoline and food and whatever needs to be moved someplace gets moved immediately.  It was sick! rl

Lets be clear if they want to compare a storm to Washington, Sandy will be a mild storm compared to what Barack Obama has already done to this Nation in the last 4 years… 6 HUGE TRILLION dollars added to our already large deficit, with the promise of it hitting 20 TRILLION by the end of 2016 if he is re-elected.  Most of us could weather 2 more Sandy storms before we can weather one more 4 year obama presidency…

If obama wins again, it will be Sandy, an 9.9 earthquake,  Tsunami , and tornado all in one, only it will take you much longer to recover from another obama 4 year presidency….
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Clinton Standing In For Obama So He Could Play Prez, Kept Up Obama’s Lies

omg I do not think obama has ever had hurt feelings, and Bill Clinton is turning into as of a liar as obama and Biden…Liberals just tell lie after lie, do they have no self respet….

Obama plainly told the world his first car was a Ford Garnanda …
I have to confess; my first car was my grandfather’s car,” Obama told AAA in an interview. “Which was a Ford Granada.” http://content.usatoday.com/communities/theoval/post/2012/03/obamas-first-car-a-ford-granada/1#.UI8LuIaN-Sq

Today Clinton was at a campaign rally, he told the crowd that President Barack Obama’s feeling were hurt over Mitt Romney’s ad suggesting Jeep might move some of its production facilities overseas, awww the truth does hurt a liberal…

He went on to say: “I saw the reports of Governor Romney’s latest ad saying that the president had allowed Jeep to move to China,” said Clinton. “And so this morning, before he left Florida and went back to Washington, he said, ‘You know, of all the things Governor Romney has said that probably hurts my feelings the most.’ He said, ‘You know, I never had any money when I was a kid. and the first new car I ever owned I was 30 years old it was a Jeep.'”

Lie one is about his first car and the age at which he got it, lie two he was not poor…Obama went to a fancy private school in Hawaii, his grandmother was Vice-President of a bank, and his stepfather worked for Exxon in Jakarta. From fifth grade through high school he attended the elite college-prep Punahou School.

Third lie Obama owned a red Fiat. “Before returning to Hawaii, Stan bought his grandson a present: a beat-up old red Fiat that they found at a Los Angeles used car lot,” writes David Maraniss in Barack Obama: The Story.

The biggest lie, is Clinton claims the ad is false, but not according to Bloomberg
http://www.bloomberg.com/news/2012-10-21/fiat-says-china-may-build-all-jeep-models-as-suv-demand-climbs.html