Can you FEEL the FEAR, readers!?
"For Obamas, a vacation on island that’s seen it all; Maine town, long an A-list enclave, unfazed by visit" by David Filipov, Globe Staff | July 16, 2010
BAR HARBOR, Maine — When President Obama arrives on Mount Desert Island today for a weekend family vacation, he can expect a reception as cool as the light salt breeze that wafts over Frenchman’s Bay. And that should suit Obama just fine. The president guards his family’s privacy jealously during personal down time. No public events are scheduled; the White House has said only that the Obamas will be spending a lot of time outdoors and doing some hiking....
A presidential visit means lots of attention, which is good for business....
But if this presidential family and this island 3 1/2 hours north of Portland were made for each other, some of the other people who chose to spend their vacations here are worried that the Obamas’ quest for peace and quiet — and the closed roads, security checkpoints and other restrictions that come with a presidential visit — might put a damper on their own retreats....
I'm SOOOOO GLAD he is not coming to our armpit.
Still, others see the visit as a presidential nuisance.
Yup -- and a contribution to the global-warming problem on taxpayer dime. I'd rather he stay in the WH.
Some fear that Wi-Fi will be turned off on the island; by yesterday evening, that had not happened.
Is FEAR really the CORRECT WORD there?
Maybe CONCERN would be a better fit?
Some fear road closings will wreak havoc in the already crowded tourist attractions of downtown....
Again with the FEAR!!
I'm thinking ANNOYED and ANGRY, MSM!!!
Lodgers at the Bar Harbor Regency Hotel, where the Obamas are reportedly staying, fear that they might have to give up their bay-view rooms....
Wouldn't they be HONORED? The president stayed in my room?
The last sitting president to visit the island was William Howard Taft, who infamously shot a 27 on a single hole at the Kebo Valley Golf Club in 1911; now locals are wondering if Obama might play a round there....
Perhaps the Obamas might stop by the Bar Harbor Hemporium, where actors Tim Robbins and Susan Sarandon bought hemp paper and where John Malkovich has shopped for beads?
Or maybe the Obamas will....
Who gives a f***?
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I'm more interested in these things:
"Senate Democrats propose cutting $14b from Obama budget
WASHINGTON — The differences between the parties are tiny....
Obama has proposed a freeze on most domestic agency budgets, though he exempts homeland security and veterans programs. But he is calling for an $18 billion, 3 percent increase for the Pentagon.
The Pentagon would receive a smaller budget increase in the range of 2 percent under the Senate Democratic plan.
WAR and TYRANNY ALWAYS sees an INCREASE, notice that?
"Obama hails construction of Mich. car-battery plant
HOLLAND, Mich. — Seeking to boost economic spirits, President Obama yesterday hailed the construction of another car-battery plant as a symbol of a made-in-America rebound from desperate times.Said the president to workers: “You are leading the way in showing how manufacturing jobs are coming right back here to the United States of America.’’
Please stop lying to us, sir.
Obama’s day trip to Michigan sought to give attention to the electric vehicle battery industry — and to the White House’s effort to spur job creation in a growing field — with financial help from taxpayers.
Related: Boston Battery-Maker Drained
Game Report: Mass. Loses to Michigan
What else can you call it but stimuloot?
With millions of people still looking for work and frustrated, Obama is under pressure to demonstrate progress....
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Thus we are served so much bulls***:
"New WH report claims more jobs from stimulus bill
WASHINGTON --The White House asserted Wednesday that the $862 billion stimulus law has been even better for the economically-struggling country than previously advertised.
Updating its estimate of the impact the controversial new law has had, the White House now projects that the vast spending act has created or saved between 2.5 million and 3.6 million jobs.
There really is no limit to the level of disingenuous distortions and lies this White House is willing to tell, is there?
Obama will start getting gray real soon; never-ending lies and constant submission to Israel will do that to a president.
That's up from the estimate of 2.2 million to 2.8 million jobs that was released in the first quarter of the year from the White House Council of Economic Advisers. The new estimate says the act is on track, if it hasn't already reached, the promise that the stimulus act would save or create 3.5 million jobs by the end of 2010.
Related: Setting AP Straight on the Stimulus
All clear now, readers?
A growing body of independent economic analysis suggests the law has boosted jobs and kept people off the unemployment line. Yet exactly how many jobs is a matter of dispute, particularly at a time when the national jobless rate continues to hover perilously close to 10 percent.
That is being kept artificially low for political reasons.
Much of the stimulus money went to programs -- like tax breaks, Medicaid and unemployment insurance -- that don't lend themselves to easy head counts.
Meaning they MAKE the NUMBERS UP, Americans.
In other words, THIS WHITE HOUSE is LYING TO YOU just like the LAST ONE -- as Obama enjoys the fun and sun of New England.
Good thing I can't get thar from h're.
Christina Romer, head of the council, and Vice President Joe Biden released the new quarterly report at a White House event. President Barack Obama and his team are mounting a summertime campaign to show people that the costly stimulus act is working to invigorate the economy.
IF IT WERE we would NOT NEED to be PROPAGANDIZED!!
"There's obviously a lot of uncertainty about any jobs estimate," Romer said. "And I suspect the true effects of the act will not be fully analyzed or fully appreciated for many years."
Then IT FAILED!!!!
What a WASTE of BORROWED-UPON TAXPAYER MONEY!!!!
The White House analysis estimates that every $1 spent as part of the stimulus bill is matched by $3 in private money.
Obama has traveled the country telling voters that as bad as things are, they'd be worse without the stimulus.
We are TIRED OF HEARING that LIE, sir! PLEASE STOP IT!
He acknowledges that message is a tough sell.
Well, BULLSHIT always is!
Obama travels Thursday to Michigan to promote batteries for electric cars, one element of his agenda to create jobs.
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Yeah, look where they are doling out some of the loot:
"$7.4m awarded for energy research" by Erin Ailworth, Globe Staff | July 13, 2010
Two Massachusetts energy companies and a university were awarded a total of $7.4 million in federal stimulus money to do research about how the United States generates, stores, and uses energy. The awards are part of $92 million being handed out to 43 projects nationwide through the Department of Energy’s Advanced Research Projects Agency-Energy.
The Energy Department has a DARPA?
Working with two partners, Beacon Power in Tyngsborough is getting $2.25 million to develop a next-generation flywheel system that uses a spinning wheel to capture electricity as kinetic energy.
See: Obama Stimulus Giveaway to Corporations
General Compression Inc. of Newton will study a process that uses compressed air to store energy with its $750,00 award. And researchers at MIT will partner with other academics to look at how to improve energy-efficient lighting, funded by a $4.4 million award.
Is that REALLY the BEST USE of the money to CREATE JOBS?
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So what else does the dip have to say?
WASHINGTON — Moving trade to a front burner, President Obama said yesterday that the United States was on track to meet his goal of doubling exports in the next five years.
That includes all the jobs never coming back, right?
While many economists and business leaders see that target as overly ambitious, the president has been increasingly linking trade with job creation, and trying to blunt a brewing business revolt against his policies ahead of midterm elections.
That is the SAME CRAP that we have been hearing for DECADES!
Please, sir, STOP LYING TO US!!
And NOW YOU SEE why his POLL NUMBERS are CAVING!
Obama named 18 business, labor, and government leaders to a new export advisory council....
Among those named to the panel is Richard L. Friedman, chief executive of Carpenter & Co., a commercial real estate firm based in Cambridge, Mass.....
Need I even type it?
Yet while the Commerce Department said exports of goods and services from January through April were up 16.9 percent, imports rose even more — up by 19.6 percent.
The early 2010 surges in exports and imports reflected a rebound in global trade from its deep swoon in 2008 and early 2009 at the downturn’s depth.
But the manufacturing gains and inventory restocking that drove the early stages of the recovery have begun to fade.
Just like his polls and presidency.
With shell-shocked consumers unlikely to power the economic recovery by returning to their free-spending ways, White House officials are counting on trade and business investment to contribute a larger role....
Then there REALLY WAS NO RECOVERY, and the s*** MSM is going to say it is ALL YOUR FAULT, unemployed and foreclosed-upon American -- just as this blog predicted months and months ago!
Obama has drawn criticism from business groups for not doing more to promote trade, allowing to languish free trade agreements with Colombia, Panama, and South Korea....
And THAT is why his poll numbers are dropping because he has been on the skids with the American people since sending health care up our poop shoots.
Oh, yeah, the ESCALATING MILITARISM has not helped, either!
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And about those import-exports:
"Trade gap near two-year high; Rising imports top exports by $42.2b" by Christine Hauser, New York Times | July 14, 2010
The US trade deficit grew in May to more than $42 billion, its widest gap in nearly two years, mostly because of a rise in imports of consumer goods, according to government figures....
The deficit expansion exceeded the estimates of analysts, who suggested that companies rebuilding their inventories accounted for a large part of the increase in imports.
“Under the surface it has been very good,’’ said Joshua Shapiro, the chief US economist for MFR Inc. “Trade flow is growing in both directions. But how that will survive in terms of growth rates is the question.’’
Analysts said the outlook depended on whether consumer demand picked up in the months ahead — an uncertainty given the shaky jobs market — and how the economy fared after government stimulus expired.
Your fault, tapped-out Amurkn consumer!
“We need to keep a close eye on the inventory cycle and that is cooling off as an economic driver,’’ Shapiro said. “It is going to be more of a final demand story, and the signs are not particularly auspicious.’’
Paul Dales, the US economist for Capital Economics, said his firm was revising second-quarter growth downward, to 3.5 percent to 4 percent, from a previous estimate of 4.5 percent, but....
We call them LIES in these parts!
--more--"
Maybe this will cheer the bidness lobby up:
"So far this year, retail sales growing at fastest pace in 4 years" by Cotten Timberlake, Bloomberg News | July 8, 2010
WASHINGTON — US retailers’ sales are growing at the fastest pace in four years, a sign consumers may be overcoming concern about unemployment and depressed home values.
Sales probably expanded....
PROBABLY?
June sales probably came in at the high end....
PROBABLY?
The sales growth has been driven by a 4.2 percent increase at wholesale clubs, excluding gasoline sales, and an 8 percent jump at luxury chains this year, according to the International Council of Shopping Centers trade group. Wealthy consumers tend to “come out of hibernation’’ first after a recession, and the clubs are luring value-seeking customers, said Michael Niemira, the trade group’s chief economist....
Yeah, THEY DID GREAT while the rest of America went to discount chains -- another great thing according to the elitist newspaper!
Retailers may have bucked last month’s drop in consumer confidence, which is threatening to temper the rebound....
Yeah, if the economy fails it is YOUR FAULT, American!
The potential spoiler remains a lack of jobs. US employment fell in June for the first time this year, reflecting a drop in federal census workers and a smaller-than-forecast gain in the private sector, the Labor Department said last week....
Translation: You are CONSTANTLY BEING LIED TO, America!!
Retailers are well-positioned for profitability....
Then EVERYTHING is FINE, huh?
But retail chains’ numbers don’t tell the whole picture because some retailers, including Wal-Mart Stores Inc., the world’s largest, and New York-based Tiffany, don’t post figures monthly, and the reports don’t include all spending online.
Yeah, it is EVEN BETTER than what the liars and your nose is telling you, dear AmeriKan newspaper readers!!
The industry’s latest gains look better partly because they are coming off steep declines a year earlier, and while the growth rates have improved, many retailers haven’t recovered their earlier sales volumes, Niemira said.
But that doesn't stop the MSM from shoveling s*** headlines.
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How you doing, shopper?
WASHINGTON — A second straight month of declining retail spending will likely keep unemployment high and help weaken the recovery.
That is NOT WHAT I READ a WEEK EARLIER!!!!!!!
Not everyone is suffering, though. Shoppers with stable jobs and steady pay can find lots of bargains.
Once again the PoS paper descends to INSULTS!!!
The economy is bleaker for anyone seeking a job or at risk of losing one. Still, Americans as a group are spending less, and that threatens the pace of the recovery....
I'm SORRY, but I HAVE NO MONEY to SPEND!
I budget $5/day for my stinking Globe and rot-gut coffee from the corner store.
It is the ONLY LUXURY(?) I allow myself!
One encouraging sign for the economy is that companies are spending more on technology.
PFFFFFT!
The Globe could find a corn kernel in a pile of s***.
Intel, the world’s No. 1 semiconductor company, this week reported its biggest quarterly net income in a decade.
Yeah, I'm sure the SEMICONDUCTOR INDUSTRY is going to SAVE US ALL!!
The company’s second-quarter earnings figures showed that large corporations are now buying more computers that use Intel’s most expensive chips.
That is WHO this ECONOMY is FOR!
Consumers who have the extra cash are able to take advantage of discounts.
Yeah, WHERE is that?
David Wyss, chief economist at Standard & Poor's in New York, said consumers with jobs were responding to bargains. It just does not show up in retail sales statistics, which are not adjusted for price changes.
Some retailers showed signs of strength in June. Department stores sales posted a 1.1 percent gain. Stores like Wal-Mart also posted a slight increase.
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Lot of EMPTY STOREFRONTS at the MALL, huh?
"Commercial property sales still slow" by Bloomberg News | July 8, 2010
NEW YORK — Private equity real estate funds have a record $104 billion of equity available for US deals, London-based Preqin Ltd. reported last month. Blackstone Real Estate Advisors has the most to invest, with Goldman Sachs second.
Now you know where all that loan liquidity went, taxpayers.
Much of the money raised by private equity firms was in anticipation of a rush of foreclosure sales that failed to materialize, said Sam Chandan, Real Capital’s chief economist.
Don't worry; just wait for the next wave like a surfer would.
In cities such as New York and Washington, owners who owe more than their properties are worth are instead finding new sources of equity and lenders are willing to restructure their loans, he said.
Yes, HOW ODD that they are NOT DOING THAT for HOMEOWNERS!!!
So BUSINESS got a BREAK, huh?
In less attractive markets, banks have been extending loans, waiting for higher prices so they don’t record losses.
Record-low interest rates make it easier for owners to hold a distressed property, said Tom August, chief executive of Equity Office Properties, a unit of Blackstone Group.
“The Armageddon scenario that several people predicted two or three years ago just hasn’t occurred,’’ August said.
NOT for COMMERCIAL BUSINESSES anyway -- or so the Wall Street liars tell us.
Demand for properties is strongest in Boston, New York, Washington, and San Francisco, “where domestic and foreign investors alike have sought to acquire high-quality assets,’’ Chandan said....
That is a FANCY WAY of saying the GLOBAL ELITE are buying up properties for pennies on the dollar!!!!
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What does the Fed have to say about all this?
WASHINGTON — Federal Reserve officials cut their forecasts for growth this year and signaled they stood ready to take new steps to keep the recovery alive if the economy worsens....
If the recovery were to deteriorate, Fed policy makers have options. They could revive programs to buy mortgage securities or government debt. They could lower the rates banks pay for emergency Fed loans. The Fed also could create a new program to spark more lending to businesses and consumers in a bid to lure them to ratchet up spending and grow the economy....
Yeah, except they ALREADY DID ALL THOSE THINGS and they OBVIOUSLY FAILED if we are RIGHT BACK WHERE WE WERE!!!
There’s little relief in sight for high unemployment....
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Yeah, how are you doing, worker?
How appropriate you are last and at the bottom.
"US says 4.5m workers added under tax plan; It’s unclear how many jobs would have been gained without break" by Stephen Ohlemacher, Associated Press | July 13, 2010
Where? China and India?
WASHINGTON — Businesses have hired 4.5 million workers under a new program that provides tax breaks for hiring unemployed workers, the Treasury Department said in a report yesterday.
It is unclear, however, how many of those workers would have been added without the tax break....
Nigel Gault, chief US economist for IHS Global Insight, said, “Nobody knows.... we just don’t know.’’
*******
Many businesses also cut jobs during the period, though there was a net increase of about 993,000 jobs from February through May, according to the government’s business payroll survey.
You expect me to believe those liars?
The economy shed 125,000 jobs in June, according to the survey....
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At least I didn't ruin a nation.
