The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.
Showing posts with label US economy. Show all posts
Showing posts with label US economy. Show all posts

Saturday, September 17, 2016

The GOP/RNC And One Presidential Candidate: "The Economic Horror Of Obama"

Despite no mention of the US economy as we move to the fall elections, we insist on providing information for readers who use reliable data for voting-related decision-making. US media is simply too busy seeking ratings and revenue related viewing while "chasing the Trump dragon" to disseminate such information related t the US economy. we often hear conservative pundits and surrogates railing about horrific economic growth over the past seven years. Their words are perfect examples of: "If you tell the lie often enough people will believe it." 

Image result for joseph goebbels quotes

Another example of a cogent quote regarding GOP lying and politicking is "It isn't a lie if people believe it" (Seinfeld).

While we have grown to anticipate and actually expect politicians to as a minimum stretch the truth (to keep it clean), GOP mantra regarding the US economy and its nascent party leader Donald Trump), continue to feed America lies about the horrors of the Obama economy. How often do we hear about the "sluggish" US economy? The rhetoric is pure political mantra.  

The Economic Policy Institute (EPI)  has a credible reputation or publishing information about the US Economy. I early August  the EPI published a detailed report on our "sluggish" economy with direct attribution to the GOP as the underlying reason for the sluggishness. A key takeaway from the report; it is critical to understand and accept the past reality of the depths of the Bush Recession. 

Jobs as the Bush Years came to an end.
Image result for how bad was the bush great recession

Let's set the August report aside and take a quick peep at data (charts and graphs) which show the Democratic Party is by far more effective and trustworthy with the US economy than the GOP.

   Image result for US economy DEM VS GOP
Image result for US economy best with DEM or GOP  Image result for US economy best with DEM or GOP
job creation by presidency

The Obama economy four months from the end of his term.

We more often hear GOP politicians railing about US poverty and its devastating impact on minority communities. Actually, poverty by the sheer numbers affects more white families than black or Latino families. The impact takes on a different light when we consider the proportional impact of poverty on a per capita basis. In simple terms, there are fewer African-Americans and Latinos. When we review poverty with per capita considerations, yes the impact seems dire.  Hence the reason we have a higher Food Aid participation rate in the black community vs that of white America. Is it possible that reality has anything to do with a population demographic which has been denied full opportunity to leverage America's greatness? 

Let's review a set of recently published data from the US Census Bureau via the White House Economic Team. It seems the Obama years have contrary to popular rhetoric, have been good for economic growth in black and Latino communities. 


In 2015, household income grew at the fastest rate on record, the poverty rate fell faster than at any point since 1968, and the uninsured rate continued to fall.

Watch as President Obama discusses the remarkable progress today's Census report laid out with the Chairman of his Council of Economic Advisers, Jason Furman. 
President Obama is briefed on the economy by Advisor Jason Furman


(Charts and graph and relevant explanation of each chart is available via the linked article title above.)

Change in Real Median Household Income, 1968-2015

Change in Poverty Rate, 1960-2015

Growth in Real Household Income by Percentile, 2014-2015

Changes in Income and Poverty by Race/Ethnicity, 2014 to 2015

A bit more from the New York Times

Recovering From Recession

Household income rose significantly last year, but it is still slightly lower than it was before the last two recessions. The rate of those living in poverty fell to its lowest level since the Great Recession, but, as with income, the rate is higher than it was before.

household income
thousand a year
Poverty rate

We can assume a McCain or even a Romney win in 2008 and 2012 respectively would have shepherded in economic policy and initiatives quite the opposite of Obama's team.  Thus, we can assume the gains via the Obama years may not have materialized via Republican economic leadership. Especially true if we accept GOP economic policy  is first of all based on cutting taxes which benefit the wealthy (Trickle-down economics). 

The Center for Budget and Policy Prioritizes (CBPP) published a chart book in September 2016, which addressed where we are in relation to the depths of our task in 2009.

As we close the piece I offer an opportunity to visit with Milt Shook and his running archiving of President Obama accomplishments.
THE List of 386 Obama Accomplishments so far, With Citations Updates, expanded and citations checked.— (((Milt Shook))) (@MiltShook) September 14, 2016


Sunday, December 27, 2015

Jack Lew, US Treasury Secretary, Declares US Economy Fixed

Jack Lew, US Treasury Secretary

The following Fox Business News segment with noted Obama hater Mario Bartiromo  includes comment from Obama Administration Jack Lew, US Treasury, that is worth noting with regard to recent polling on the US economy. For some unfathomable reason, a recent CNN/ORC poll has a polling respondent group solidly indicating Donald Trump would be the present occupant of the Whtie House with regard to the US economy.

The US economy is fixed.  If the nation could find the formula to increasing the national em-employment particiaptio0n rate, maybe (just maybe), informed Americans would grow to appreciate the real accomplishments of yet another US set of eight years in the White House.

Our specific focus comes in at the 2:28-minute mark. The first two minutes appear to have been consumed by the Fox News host in an attempt to sabotage the Obama/Kerry multi-national Iran Deal.

Fixed US Economy According To The USTreasury


Friday, December 4, 2015

The Novemebr Jobs Reports

Private Sector Payroll Employment
White House dot gov
The economy added 211,000 jobs in November, marking the strongest three years of job creation since 2000.

Herein lies the reason the GOP has virtually excluded mention of the US economy from its 'fear mongering' and zany 2016 presidential campaigning. The November Jobs Report was another indication of a healing US economy.


CNN Money


Wednesday, July 8, 2015

TPI Morning Gazette: Koch'd, Trump, Paula Dean, Reagan, Obama

      Non-Progressive News

Reagan on Social Security. Now why do Republicans to the MAN so often evoke the ghost of Ronald Reagan?  In today's GOP the man would be a pariah.
Republican hero and Tea Party icon Ronald Reagan had this to say about Social Security back in 1984.... Of course, conservatives have selection amnesia regarding the statement.
Posted by Too Informed To Vote Republican on Tuesday, July 7, 2015
Black Flordia State University quarterback slugs woman...Scarborough takes it where conservatives live: "blonde woman." Race matters!
So, if she hadn't been blonde then...?
Posted by Mediaite on Tuesday, July 7, 2015

Ted Cruz deploys his "If you fall for this, I got more coming: routine." He works a cheap offense against the interview host with hope of placing the person back on their heels...and then he zings them. Well, he was sitting across from Katie Couric. Regardless of your thoughts on Couric, she can handle an interview subject like a Yo-Yo. Cruz was no exception.

Ted Cruz needs serious medical attention for this burn! He just got put on blast.
Posted by The Everlasting GOP Stoppers on Tuesday, July 7, 2015

Bill Kristol joins Trump and reminds of his hawkish support for invading Iraq! Not the pundit to follow, conservatives. He has a history of "Judas Goating" the nation to dark places.

One would think Paula Dean would hold off on any references to race or ethnicity. She has obviously overcome her problems with revelations a past filled with overt racism. Well, just like a spoiled child. Once, the flak subsides, the child goes back to their inner core.

Paula Deen in hot water..what was her staff thinking?*! #Madison #BlackEagle #UrbanView #PaulDeen #Blackface
Posted by Joe Madison - "The Black Eagle" on Wednesday, July 8, 2015

In the midst of a minor discussion of how Dean may have concocted the Tweet release to drive publicity, and counter points about the net-net affect of her tweet as racism, one stood tall with a comment that, for me, settled the discussion. Dean's act, even if deleted, was yet another sign of her inability to move away from her inner core racism. While some argued it was a publicity stunt, others argued well it was about her Cuban husband (from Cuba get it) and still others found the tweet deeply offensive. 

Facebook comment:
Cary Last Name Deleted First of all, it's DESI, not Dezi. As in DESIDERIO ARNAZ, his full name. Secondly, he was a CAUCASSIAN CUBAN, not a "brown Cuban". Cubans come in all shades and colors, just like Americans. The ignorance and racism is just rampant.......

Well, there you are, argument place din perspective Dean's post was racist and should never have been thrown-up on Twitter. Now tell me this, are you still watching her kitchen performances?

The latest in how Fox News "salts" the minds of its viewers. Recall Gender Equality for Fox and its viewers is tantamount to full equality for all Americans (and that is a problem for most conservatives).  So, Fox goes after the conservative psyche with a horrific utterance from a horrific "money talk whore": If Gender equality was alive and well, men could hit women  Well, as basic an ignorance premise as I have read this week.  Men are not supposed to hit men, why would any Fox News viewer find the Fox News "money talk whore's" comments palatable. 

This is a medical professional that regularly speaks on television.
Posted by Media Matters for America on Wednesday, July 8, 2015
Ya simply have to believe
The GOP's number two racist (since Pat Buchanan has grown quiet), Rudy Guiliani. Speaks out in support of fellow New York and uber wealthy racist, Trump.  Birds of a feather really do flock together. Imagine either of these men sitting in the Oval Office. 

Go ahead America and the GOP...give the Koch's free reign on our National Parks!  Tar Sands mining and oil platform drilling/pumping for oil!


Now how did this get in the Gazette?


Monday, June 29, 2015

The Daily GOP Ignominious: Jindal Declares "Tanned" And Exhorts "Take Our Country Back" Back From What?

Bobby Jindal declares he is tanned and exhorts to "Take our country back."

Limited Edition: Tanned, Rested, Ready T-Shirt
Is this what GOP politics has come to.  A non-white American fiends slight of tongue "tanned" to assuage the psyches of this 92% white party. 

past tense: tanned; past participle: tanned
  1. (of a pale-skinned person or their skin) become brown or browner after exposure to the sun.
    "you'll tan very quickly in the pure air"
Embedded image permalink
Painting hangs in Louisiana Capital building

No, the Governor of Louisiana is not tanned; he is  a person of color and that does not bode well in the GOP.  Jindal can rest assured his party will make the real determination that you are not white when ties comes to make a choice.

AddictingInfo published a worthy screed regarding Jindal's efforts to close the likes of Clarence Thomas and Kevin Jackson.
Addicting Info excerpt... 
Born to Indian-American parents, Piyush Jindal changed his name to “Bobby'”at an early age. While Sharma says in her video that Jindal changed his name because of “Bobby from the Brady Bunch,” it’s likely that early experiences with racism played a major role in that decision.

Jindal’s own words, from a 2013 op-ed published by Politico, tell us that he believes that racism is the fault of minorities. If only they’d conform to the racists’ demands, there wouldn’t be a problem.

“We still place far too much emphasis on our ‘separateness,’ our heritage, ethnic background, skin color, etc. We live in the age of hyphenated Americans: Asian-Americans, Italian-Americans, African-Americans, Mexican-Americans, Cuban-Americans, Indian-Americans, and Native Americans, to name just a few. Here’s an idea: How about just ‘Americans?’ That has a nice ring to it, if you ask me. Placing undue emphasis on our ‘separateness’ is a step backward.”

Jindal’s sad attempts to deny his Indian culture and Indian heritage didn’t stop with changing his name. The Washington Post reports that Indian-Americans who supported Jindal in his run for governor quickly realized that Jindal was embarrassed to be associated with anything traditionally Indian:

A longtime family friend named Sumir Chehl recalls how, before attending Jindal’s primary-night victory party in 2003, she received a phone call from Jindal’s father asking her to wear Western dress for the event. “He said that’s what his political advisers were saying,” said Chehl, who nonetheless wore a flowing top and pants common in Punjab. “It gave me the feeling that he was trying to disassociate from his heritage.” She said Indian dress was also discouraged for his 2008 inauguration.
And then there was the February 2014 unveiling of Piyush Bobby Jindal’s portrait, which bizarrely portrayed him as a white-skinned man.

Featured image credit: Logan Smith, via Twitter

Featured image credit: Logan Smith, via Twitter

White like me…?
The following is a two minute dead-on responses to Jindal's charade.

OK ethnic and racial issues aside. Jindal's minstrel strategy to appeal to white voters, is deeply offensive to people of color and indicative of Jindal's deep personal inner core values.

Jindal differentiates with proclamation of "We need to take our country back."  The mantra works for conservatives, but sits are baseless and groundless when one actually looks at what Jindal (and others) want to seek in their "take back." 

Lets leave the real prospect that Jindal will never win the GOP nomination (and fie that reality right along with Ben Carson).  How about the business of take our country back? Unless, and of course, you view that mantra as resultant from the election of an African-American President data exists that shed negative light on GOP "governance" of the nation. Let's assume you do not perceive take our country back as the bias railings of US conservatives, and take a peep at their to desire to return life under the GOP.


GDP Growth (A real measure of the total value of goods and services produce in the United States)

Voxeu 2014

Income Growth 1948 - 2005 (with exception for the nation's Top 5% (ers)...The GOP's prime constituency)

Jobs over time

Millions of Private Sector Jobs Created Per Year

Auto Industry

Of course, we know the GOP bailed on the US auto industry and Mitt Romney (in 2012) actually spoke of forcing the industry to bankruptcy. Thus, casting the US auto industry out for the highest foreign bidder.

Related Oil Industry Production GOP Vs Obama

Under Obama the US became the worlds leading oil producers. Of course, much of the success is due to Hydraulic Fracking (a deep undesirable reality), but facts are facts and we report facts.

Deficit Spending

Now for quick look at deficit spending during Obama's first term with 2014 and 2015 estimates. 

I will avoid deep review of GOP social issues (minority, LGBT, single women of childbearing age, food for children, privatize Social Security and the Post Office, pay inequity,  unfair taxation, and repeal the ACA) and leave the piece here.

If you are of sound mind and not a denizen of America's top 10% income earners all that preceded should concern you. The common GOP Mantra of "Take Our Country Back,"  should e taken in true perspective.

The GOP mantra relates directly to an African-American as the nation's 44th President and the mantra is pure fodder a the party fulfills its strategy of political manipulation comparable to an out of control Johnny Appleseed.


Saturday, June 6, 2015

Rick Perry Mentioned The Obama Economy. Really?

During Rick Perry's poorly planned announcement of intent to run for the GOP 2016 presidential nomination, he made the statement captur in the CNN embed below. The accompanying video doesn't related to the statement, but at the 55 second mark of the video Rick Perry is exposed for what he is, an empty suit . His choice prop former Navy Seal robotic props on either side of his platform position, could be as telling as the now famous 2012 Perry debate "Oops." Perry is under indictment in his home state, and despite the fact he will never serve a moment in the Texas prison system, he is a scarred candidate. In fact, a historic scared candidate. I don't believe there is another candidate for the US Presidency who was under active indictment while running for his party's nomination.

Perry's political woes aside, he has again proved he is lacking political acuity in his choice of speech writers and campaign managers. His announcement was on a first Thursday of the month.  About the same time each month the current administration is within hours of releasing the previous month's jobs report and unemployment figures. Even with the down month of April the jobs report has consistently come-in in the positive and over 100,000 per month. Additionally, the unemployment rate has dropped ever so slightly each month with very infrequent ticks up based on Americans re-entering the job market. 

Why the concern with the jobs report and unemployment? Read the statement below. Job creation and unemployment are monthly indicators of the US economy that join other indicators for a comprehensive snapshot.  Why would Perry's team send hi to a micro[one the day before the May Jobs Report release with dire tin foil hat 'fear' mongering about the Obama economy? I report "the day before the May Jobs Report."

"We've been through a great depression..we will make it through the Obama years" -Rick Perry:

Some media are repeating job creation at 280,000 vs the 262,000 depicted below. 

Granted, candidate Perry is vying for the GOP nomination. His potential voter constituency inherently only relate to information and circumstances as far back as six months, but the red chart indicators, sheds a revealing light on Perry's ".....made it through the Obama years." 

"We've been through a great depression..we will make it through the Obama years" 

Embedded image permalink

While consumer confidence of late has dipped, a quick look at the Conference Board Key Indicators induces thoughts of  "What was Perry's people thinking?" 

The Conference Board

The Conference Board Consumer Confidence Index® Increases

26 May. 2015

U.S. Indicators

Alas, maybe Perry was speaking to a group of Americans who sit at lofty income levels from 300 to 400 times the level at which they pay employees: the American CEO. Notice the red indicator above.

I posit the CEO is never gong to show a Green indicator as it is outside the psyche of people who earn at levels comparable to "high end" professional athletes and rock stars.

Larger version
Larger version
Of course, we shouldn't underestimate Perry's team may get their current event news from the same social media sites as did Mitt Romney's crew from 2012. If that's the case Perry may be inundated with false information for The Drudge Report comparable to Mitt Romney's Ohio Chrysler Plant closing fiasco of 2012. In any case Perry should consider forgoing references to the US economy; the greater population may not share his contempt.

If you want a complete picture of the Obama economic record and GOP support for improving the US economy, a quick meme offers all you need. 

Embedded image permalink

Two final pieces of information that refute show the futility of Perry;s step into the US economy under Obama.

The Washington Post address job creation in a recent post.

Perry is going to be fun to watch and he will lower the aggregate quality of the possible 20 candidates for the GOP nomination.