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Jan 15, 2014 No Comments ›› Jack Flash

Gallup - More Americans, 42%, say they are financially worse off now than they were a year ago, reversing the lower levels found over the past two years. Just more than a third of Americans say their financial situation has improved from a year ago. Keep reading

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Jan 15, 2014 No Comments ›› Infidel Alie

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Jan 14, 2014 No Comments ›› Infidel Alie

(CNSNews.com) – Although the number of people who had jobs in the United States increased by 143,000 from November to December, according to the Bureau of Labor Statistics, that still left 1,687,000 fewer Americans holding jobs than held jobs six years ago in December 2007—the month the last recession began. In November, 144,443,000 Americans were employed, ...

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Jan 14, 2014 No Comments ›› Infidel Alie

Excerpted from WSJ: World economic freedom has reached record levels, according to the 2014 Index of Economic Freedom, released Tuesday by the Heritage Foundation and The Wall Street Journal. But after seven straight years of decline, the U.S. has dropped out of the top 10 most economically free countries. For 20 years, the index has measured ...

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Jan 13, 2014 No Comments ›› Infidel Alie

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Jan 12, 2014 No Comments ›› Infidel Alie

Excerpted from THE COLLEGE FIX: A Youth Misery Index that measures young Americans’ woes has skyrocketed under President Barack Obama and hit an all-time high. The index, released Wednesday, was calculated by adding youth unemployment and average college loan debt figures with each person’s share of the national debt. While it has steadily grown over the ...

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Jan 10, 2014 No Comments ›› Infidel Alie

Excerpted from Mediaite: Moody’s Analytics Chief Economist Mark Zandi joined MSNBC host Chuck Todd on Friday where he said he does not put any faith in a December jobs report which showed just 74,000 jobs created and the workforce participation rate dropping sharply, forcing the unemployment rate down from 7.0 percent to 6.7 percent. “2014 ...

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Jan 10, 2014 No Comments ›› Infidel Alie

(CNSNews.com) – The number of employed women 16 and over declined by 20,000 from November to December, according to data released today by the Bureau of Labor Statistics. The number of women employed dropped from 67,882,000 in November to 67,862,000 in December. Additionally, the number of women who are not in the labor force climbed to a ...

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Jan 10, 2014 No Comments ›› Infidel Alie

Excerpted from WEEKLY STANDARD: Alabama senator Jeff Sessions responds to the latest jobs report: "Today’s jobs report underscores a deeper problem facing our economy: a large and growing block of people who are chronically jobless and completely outside the workforce. In December, the economy added only 74,000 jobs – not nearly enough to keep up with ...

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Jan 10, 2014 No Comments ›› Infidel Alie

Excerpted from ZERO HEDGE: Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped ...

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Jan 8, 2014 No Comments ›› Infidel Alie

Excerpted from WASHINGTON TIMES: Fifty years after President Johnson started a $20 trillion taxpayer-funded war on poverty, the overall percentage of impoverished people in the U.S. has declined only slightly and the poor have lost ground under President Obama. Aides said Mr. Obama doesn’t plan to commemorate the anniversary Wednesday of Johnson’s speech in 1964, which ...

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Jan 8, 2014 No Comments ›› Infidel Alie

Excerpted from WASHINGTON TIMES: Fifty years after President Johnson started a $20 trillion taxpayer-funded war on poverty, the overall percentage of impoverished people in the U.S. has declined only slightly and the poor have lost ground under President Obama. Aides said Mr. Obama doesn’t plan to commemorate the anniversary Wednesday of Johnson’s speech in 1964, which ...

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Jan 8, 2014 No Comments ›› Pat Dollard

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Jan 8, 2014 No Comments ›› Infidel Alie

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Jan 8, 2014 No Comments ›› Jack Flash

Excerpted from The Hill: President Obama on Wednesday marked the 50th anniversary of former President Lyndon Baines Johnson's "war on poverty" address by arguing government programs on education, healthcare and jobs have had a positive impact on the nation. "These endeavors didn’t just make us a better country. They reaffirmed that we are a great country," ...

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Jan 8, 2014 No Comments ›› Chuck Biscuits

Excerpted from NewsBusters: CNN's Chris Cuomo pounded Republicans on Tuesday's New Day for demanding offsetting spending cuts in exchange for extending jobless benefits. Keep reading

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Jan 8, 2014 No Comments ›› Jake Hammer

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Jan 7, 2014 No Comments ›› Chuck Biscuits

WASHINGTON (AP) — Legislation to renew jobless benefits for the long-term unemployed has cleared an initial Senate hurdle, but the bill’s fate remains in doubt. The vote Tuesday was 60-37 to limit debate on the legislation, with a half-dozen Republicans siding with the Democrats. At the same time, Senate Republicans served notice they would attempt to change ...

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Jan 4, 2014 No Comments ›› Spit Stixx

Excerpted from Newsmax: Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” ...

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Jan 3, 2014 No Comments ›› Chuck Biscuits

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Jan 1, 2014 No Comments ›› Darby Crash

CHULA VISTA, Calif. (AP) -- Mexican license plates are common in parking lots of shopping malls in U.S. border cities. They will be even more familiar after Mexico raises its federal sales tax in border regions to match the rest of the country, say merchants and shoppers. The increase to 16 percent from 11 percent, ...

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Dec 31, 2013 No Comments ›› Infidel Alie

Associated Press - In an almost annual ritual, Congress is letting a package of 55 popular tax breaks expire at the end of the year, creating uncertainty -- once again -- for millions of individuals and businesses. Lawmakers let these tax breaks lapse almost every year, even though they save businesses and individuals billions of ...

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Dec 31, 2013 No Comments ›› Infidel Alie

(CNSNews.com) - The total number of people in the United States now receiving federal disability benefits hit a record 10,988,269 in December, up from the previous record of 10,982,920 set in November, according to newly released data from the Social Security Administration. The average monthly benefit paid to a disabled worker also hit a record of ...

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Dec 29, 2013 No Comments ›› Infidel Alie

Excerpted from Washington Secrets: Overshadowed by the bungled debut of Obamacare and congressional gridlock, most Americans in a new poll dubbed 2013 a bad year that will be quickly forgotten. For more than four-in-10, the perils of 2013 hit home hard. “Put simply, most Americans are happy to see 2013 go,” said the latest Economist/YouGov Poll. — ...

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Dec 28, 2013 No Comments ›› Infidel Alie

Washington - This weekend, extended unemployment benefits expire for some 1.3 million Americans who are looking for jobs and have already been out of work for more than half a year.It’s typical for these special benefits to expire after recessions. But the question this time is: Is this the appropriate moment to withdraw the ...

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