Tag Archive: economy


Views From the Nest 2-6-2015


 

 

 

 

“Our peculiar security is in the possession of a written Constitution. Let us not make it a blank paper by construction.”

–Thomas Jefferson, Letter to Wilson Nicholas, 1803

TurboTax Temporarily Halts E-Filing In All States Amid Fraud Concerns

Up to 18 states are reporting significant upticks in fraudulent activity and there may be a common thread: tax preparation software.y


As of yesterday, Thursday, February 5, Intuit is temporarily pausing transmission of state e-filing tax returns. This is effective for all states. Intuit will be working with the states today to begin turning transmissions back on.

In the meantime, to assist any customers who believe they are victims of tax fraud, Intuit has a dedicated toll-free number, 1.800.944.8596, with direct access to specially trained identity protection agents who will provide comprehensive support and filing assistance. You might note that’s the same number that Minnesota has provided to taxpayers. It is not a state-specific number. It is available to all potentially affected taxpayers.

In addition, Intuit will provide identity protection services and free credit monitoring, as well as provide access to all versions of its software or to the assistance of one of Intuit’s credentialed tax experts who will prepare taxes for affected customers at no expense.

It’s important to note that as of now, this issue is only being reported by taxpayers using TurboTax.

So far, there has been no indication that federal returns have been affected.

The Big Lie: 5.6% Unemployment

Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading. Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%.

The unemployment numbers are misleading because they fail to indicate the number of people who have given up looking for work but are UNEMPLOYED. The number also includes part-time workers who are counted as EMPLOYED by the government figures but are not working at a full-time job. In fact full-time jobs are at an all time low with only 44% of the population holding full-time jobs (30+ hours a week). If you work one hour a week and get paid a measely $20 you are counted as employed by the government numbers.

Since Obama assumed the office of President the JUnited States has lost 13million full-time jobs and to date has only gained back 3 million. We have another 10 million jobs to go just to break even. There is nothing good about the jobs report other than to say it is trending upward ever so slowly.


By the Numbers: Obama’s Economic, Jobs and Deficit Performance Worst on Record

Given what we know now, only Barack Obama could attempt to characterize his economic record as one of achievement rather than historic failure. Only Obama could attempt to characterize his record on deficits, which dwarf those of any other president that preceded him, as a successful one.

And only Obama could characterize today’s record federal spending and incoming tax receipts as “senseless austerity.”


How Public School Administrators Endanger Special-Needs Kids
When faced with the choice between protecting children or protecting the public school system, the system’s lawyers chose to protect the system.

If a parent in Virginia repeatedly locked a 7-year-old child in a closet, child-protective social service agencies would come down on him like a ton of bricks. But if a school administrator does the same thing, he has a green light to keep it up. Hypothetical? Not at all.


Happy Birthday Mr Reagan
Ronald Reagan’s Birthday

February 6, 2015, marks the 104th anniversary of President Ronald Wilson Reagan’s birthday, or as he would have phrased it, the 65th anniversary of his 39th birthday. Either way, we are grateful beyond measure for his great service to our country, the shining City on a Hill, and his steadfast devotion to Essential Liberty.


TAIL FEATHERS

other news from around the web

U.S. measles outbreak prompts vaccine crackdown in New Mexico schools

New Minimum Wage Law Forces Small Businesses to Close


Franklin Graham to Obama: Muhammad Killed Innocents, Christ Didn’t


THE LOONEY BIN

Stories from the looney land of leftists

Charge: 2012 TEACHER OF THE YEAR Took Boy Into Her Home, Had Lots Of Sex With Him


EPA Crafts Regulation on Wood Stoves

After going after coal companies, the Environmental Protection Agency has decided to hit every self-sufficient American. The EPA has created a 344-page rule tightening the emission standards of the humble wood stove.


Welfare for Joints in Colorado

Taxpayer dollars in Denver are going to pot. Literally.


A Lesson in Contrast

On the one hand you have ISIS barbarism which President Obama compares to the Christian Crusades which were a result of Muslim barbarism.

Blockbuster Report from the UN: ISIS is Selling, Crucifying and Burying Children Alive in Iraq

(There is photographic evidence of ISIS’ various crimes against children, and humanity in general… but I couldn’t stomach them. If you want to see them do a simple Google search – but don’t say I didn’t warn you.) Does it seem like a new story of ISIS atrocities makes itself known each new day?y


Obama defends Islamic terrorism

Obama Defends Islam while Scapegoating Christians at Prayer Breakfast

What amazes me most about Barack Hussein Obama is the fact that he cannot attribute the barbaric deeds taught in the Koran by Muslims in the Islamic State to Islam, but he can apparently attack Christians over deeds that are not taught in the Bible.y


That is all for today. Eagle out!

 

 

 


  1. Taking on the ‘class warfare’ debate. Demonizing the rich in order to excite the masses for political gain is a tactic as old as time itself. Although the political parties attempt to draw a distinct line between the have’s and the have not’s reality is not quite so neat. This report shows how the takers are spread evenly across all income levels and all social orders. Those who feel obligated to the wealthand property of others is not a rich versus poor argument, it is a symptom of a government set on enriching itself with as much power and influence possible in order to continue to amass power unto itself.The only remedy to this social ill is to return again to the biblical foundation upon an orderly civil society can best operate. The answer is found in the golden rule which is a simplification of the ten commandments. Do unto others as you would have them do unto you. One of the ten commandments says; Thou shalt not covet. Thou shalt not desire anything that belongs to thy neighbor. Imagine how many social ills could be eliminated by this one simple rule.

  2. The Class Warfare We Need Identifying the Parasites, Pirates, and Predators to wealth creation ow.ly/84IBu
    December 19, 2011 1:17:07 PM EST
  3. This story I found very informative. A list of our economic ills. Take the time to read through this and see for yourself why we are facing an economic meltdown in the United States.I can not help but be reminded of the scripture which teaches… the borrower is subject to the lender…

  4. 50 Facts About the American Economy that will Shock You amplify.com/u/a1kvxq
    December 19, 2011 1:17:07 PM EST
  5. December 19, 2011 11:04:13 PM EST
  6. “Do not muzzle an ox while it treads out grain. Deuteronomy 25:4 (HCSB) Here is a story that argues the moral supremacy of Capitalism. Allowing every individual to pursue their happiness and allow them to keep the results of that pursuit. Our declaration of independence declares that “all men” everyone is entitled to certain rights granted to them by their CREATOR and not allocated by government. Our form of government was established to PROTECT these inalienable rights endowed to us by God. Our Constitution set to limit governments ability to restrict or deny the people these inalienable rights.

    Personal pursuits and the owning of private property is the foundation upon which this country grew from obscurity into the greatest wealth producing nation in all of history. The steady diet of one socialistic government program after another has been weakening our financial health and making slaves of us all.

    Again we find wisdom in the pages of scripture. Preventing the ox from eating while treading out grain only weakens the ox and before long the ox will die and no work will go forth. Government feels that by squeezing the golden goose somehow the goose will produce more golden eggs. History has proven the Marxist approach does not work anywhere it has been tried.

  7. The Moral Case For Capitalism – the only “fair” system in the world ow.ly/825L6
    December 19, 2011 1:17:07 PM EST
  8. Like tying a stone to a sling, so is giving honor to a fool. Proverbs 26:8 (GW)
  9. And last but not least here is this week’s DoDo bird award winner presented to Time Magazine for their 2011 Person of the year award nominee. And some still regard this publication as a worthy news source. Like the DoDo bird Time magazine is headed for extinction.
  10. December 19, 2011 11:23:23 PM EST
  11. DoDo Bird Award Winner : Time Magazine which named the Protestor as their 2011 Person of the Year bit.ly/sWMpyb
    December 19, 2011 1:17:07 PM EST
  12. Until next time, may the Lord bless you and keep you and may the Lord make his face to shine upon you and grant you peace.
  13. December 19, 2011 11:25:55 PM EST
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50 Facts About the American Economy that will Shock You


Amplify’d from www.theblaze.com

1. A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty.

2. Approximately 57 percent of all children in the United States are living in homes that are either considered to be “low income” or impoverished.

3. If the number of Americans that “wanted jobs” was the same today as it was back in 2007, the “official” unemployment rate put out by the U.S. government would be up to 11 percent.

4. The average amount of time that a worker stays unemployed in the United States is now over 40 weeks.

5. One recent survey found that 77 percent of all U.S. small businesses do not plan to hire any more workers.

6. There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million extra people to the population since then.

7. Since December 2007, median household income in the United States has declined by a total of 6.8 percent once you account for inflation.

8. According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006. Today, that number has shrunk to 14.5 million.

9. A Gallup poll from earlier this year found that approximately one out of every five Americans that do have a job consider themselves to be underemployed.

10. According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages.

11. Back in 1980, less than 30 percent of all jobs in the United States were low income jobs. Today, more than 40 percent of all jobs in the United States are low income jobs.

12. Back in 1969, 95 percent of all men between the ages of 25 and 54 had a job. In July, only 81.2 percent of men in that age group had a job.

13. One recent survey found that one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.

14. The Federal Reserve recently announced that the total net worth of U.S. households declined by 4.1 percent in the 3rd quarter of 2011 alone.

15. According to a recent study conducted by the BlackRock Investment Institute, the ratio of household debt to personal income in the United States is now 154 percent.

16. As the economy has slowed down, so has the number of marriages. According to a Pew Research Center analysis, only 51 percent of all Americans that are at least 18 years old are currently married. Back in 1960, 72 percent of all U.S. adults were married.

17. The U.S. Postal Service has lost more than 5 billion dollars over the past year.

18. In Stockton, California home prices have declined 64 percent from where they were at when the housing market peaked.

19. Nevada has had the highest foreclosure rate in the nation for 59 months in a row.

20. If you can believe it, the median price of a home in Detroit is now just $6000.

21. According to the U.S. Census Bureau, 18 percent of all homes in the state of Florida are sitting vacant. That figure is 63 percent larger than it was just ten years ago.

22. New home construction in the United States is on pace to set a brand new all-time record low in 2011.

23. 19 percent of all American men between the ages of 25 and 34 are now living with their parents.

24. Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

25. According to the Bureau of Economic Analysis, health care costs accounted for just 9.5 percent of all personal consumption back in 1980. Today they account for approximately 16.3 percent.

26. One study found that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt.

27. If you can believe it, one out of every seven Americans has at least 10 credit cards.

28. The United States spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

29. It is being projected that the U.S. trade deficit for 2011 will be 558.2 billion dollars.

30. The retirement crisis in the United States just continues to get worse. According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

31. Today, one out of every six elderly Americans lives below the federal poverty line.

32. According to a study that was just released, CEO pay at America’s biggest companies rose by 36.5 percent in just one recent 12 month period.

33. Today, the “too big to fail” banks are larger than ever.  The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011.

34. The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.

35. According to an analysis of Census Bureau data done by the Pew Research Center, the median net worth for households led by someone 65 years of age or older is 47 times greater than the median net worth for households led by someone under the age of 35.

36. If you can believe it, 37 percent of all U.S. households that are led by someone under the age of 35 have a net worth of zero or less than zero.

37. A higher percentage of Americans is living in extreme poverty (6.7 percent) than has ever been measured before.

38. Child homelessness in the United States is now 33 percent higher than it was back in 2007.

39. Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.

40. Sadly, child poverty is absolutely exploding all over America.  According to the National Center for Children in Poverty, 36.4 percent of all children that live in Philadelphia are living in poverty, 40.1 percent of all children that live in Atlanta are living in poverty, 52.6 percent of all children that live in Cleveland are living in poverty and 53.6 percent of all children that live in Detroit are living in poverty.

41. Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.

42. In 1980, government transfer payments accounted for just 11.7 percent of all income. Today, government transfer payments account for more than 18 percent of all income.

43. A staggering 48.5 percent of all Americans live in a household that receives some form of government benefits. Back in 1983, that number was below 30 percent.

44. Right now, spending by the federal government accounts for about 24 percent of GDP. Back in 2001, it accounted for just 18 percent.

45. For fiscal year 2011, the U.S. federal government had a budget deficit of nearly 1.3 trillion dollars. That was the third year in a row that our budget deficit has topped one trillion dollars.

46. If Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.

47. Amazingly, the U.S. government has now accumulated a total debt of 15 trillion dollars. When Barack Obama first took office the national debt was just 10.6 trillion dollars.

48. If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

49. The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.

50. During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office

Read more at www.theblaze.com

 

A Video Report Card of Obama’s Performance as President


He gets a failing grade if he is being graded on how well he has managed American liberty. However to a Marxist, or communist, or statist he will probably get rave reviews for the speed at which he has singlehandedly moved so many people into the ranks of the needy and beggarly. He has negatively affected every area of the economy and has brought about the greatest economic downturn in recent history.

The only promise I want Obama to keep is his promise of a One term President.

Amplify’d from www.youtube.com
How should the American people assess the performance of their president? One way is to examine key performance metrics, such as jobs, economic growth and inflation. This video offers a comparison of some of these metrics from at the beginning of President Obama’s term to now. You can decide for yourself if you are better off than you were 3 years ago.

See more at www.youtube.com

 

Dumbo Economics


First there was VooDoo Economics and Reagonomics now we have Dumbo economics courtesy of the Obama administration. Obama feels that sticking it to the rich will somehow create jobs. Has he not learned anything while in office? All his REGULATORY pins his administration has stuck into the economy as not created a rush on jobs in fact it has produced just the opposite no jobs were created in August 2011. That is ZERO for President ZERO.

Some people are just not too bright. The bible tells us that fools never learn. Well I guess that makes O a fool’s fool eh?

So for the first time since starting this blog I am awarding the first ever LIFETIME DODO bird award to President OBAMA for his DUMBO economics.

I wonder if he will accept it in person like he did the Nobel Peace Prize? NAW I doubt it.

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