Saturday, July 18, 2009

Sen Boxer Called Out as Racist, Press Ignores

Black Chamber of Commerce, President and CEO Harry Alford accused a very condescending Senator Boxer (D-CA) of playing race politics during an EPW Committee hearing on green jobs.

Where's the media?

Yeap, you guessed it. They are MIA.

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Walter Cronkite's First CBS Evening Newscast

In 1992, CBS "Up to the Minute" put together some clips of Walter Cronkite's first "CBS Evening News" broadcast on September 2, 1963.

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Friday, July 17, 2009

Obama Touts Stimulus Success, Jobless Rate Climbs Past 10 Percent

Unemployment topped 10 percent in 16 states and the District of Columbia last month, according to federal data released Friday. The rate in Michigan surpassed 15 percent, the first time any state hit that mark since 1984.

The other 15 states where unemployment topped 10 percent last month were: Alabama, California, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Nevada, North Carolina, Ohio, Oregon, Rhode Island, South Carolina and Tennessee.

Strangely, given the fact that lawmakers passed the stimulus based on claims it would save and create jobs, the massively rising unemployment rate does not mean the $787 billion package is failing, White House economic adviser Lawrence Summers said on Friday.

We can take Summers at his word.

The stimulus package IS WORKING AS PLANNED. It was NEVER intended to create jobs. It was, however, intended to create chaos in order to present opportunities to further an agenda.

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Thursday, July 16, 2009

Historic Obamanation: Foreclosures at Record High in 1st Half of 2009 Despite Aid

U.S. home foreclosure activity soared to a record high in the first half of the year.

Foreclosure filings jumped to a record 1.9 million on more than 1.5 million properties in the first six months of the year, RealtyTrac said on Thursday.

The number of properties drawing filings, which include notices of default and auctions, jumped 9.0 percent from the second half of 2008 and almost 15 percent from the first half of last year.

Read it.

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Tuesday, July 14, 2009

Democrats Roll Out Obama's $1 Trillon Health Reform Bill

House Democratic leaders on Tuesday unveiled a bloated $1 trillion health care reform bill that would impose a surtax on the wealthy and create a government-run insurance program.

Read the CBO report.

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Historic Obamanation: Avg Length of Unemployment is Highest Ever

The Economy is Even Worse Than You Think

The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the military demobilization after the war, reports The Wall Street Journal.

The job losses are also now equal to the net job gains over the previous nine years, making this the only recession since the Great Depression to wipe out all job growth from the previous expansion.

Read it.

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Historic Obamanation: Budget Deficit Tops $1 Trillion for First Time Ever

"Mind-boggling numbers"

The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears about higher interest rates, inflation and the strength of the dollar.

This news should be headlined above the fold on the front page of every newspaper in the country.

Is it?
"These are mind-boggling numbers," said Sung Won Sohn, an economist at the Smith School of Business at California State University.
Read it.

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