ARRA News Service
News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles. Fair Use Doctrine is posted & used.
Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006)
    Home Page
   

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Monday, June 04, 2012

Gloomy Economic News Continues Due to Obama's Policies

American People To Obama:
It's The Economy Stupid!
Same Point As On 1/31/2012
"You would think $1 trillion in spending stimulus and $2.5 trillion of Fed pump-priming would produce an economy a whole lot stronger than 1.9 percent gross domestic product, which was the revised first-quarter number. " ~ Economist Larry Kudlow

Today in Washington, D.C. - June 4, 2012
The Senate reconvenes at 2 PM today and resume consideration of the motion to proceed to S. 3220, Democrats’ bill purporting to deal with “paycheck fairness.” At 5 PM, the Senate will take up the nomination of Timothy Hillman to be U.S. District Judge for the District of Massachusetts. Following 30 minutes of debate, the Senate will vote on the nomination.

The House reconvenes Tomorrow at 2 PM. for legislative business. However, votes are postponed until 6:30 PM.

As a heads up The house is still considering HR 5325 - Energy and Water Development and Related Agencies Appropriations Act, 2013 - appropriations for energy and water development and related agencies for FY2013.

Other Bills to be considered "under suspension of the rules":
HR 2060 — Central Oregon Jobs and Water Security Act
HR 2336 — York River Wild and Scenic River Study Act of 2011
HR 1740 — Amends the Wild and Scenic Rivers Act to designate a specified segment of the Illabot Creek in Washington as a component of the National Wild and Scenic Rivers System.
HR 3263 — Lake Thunderbird Efficient Use Act of 2011 – Land conveyance in Oklahoma
HR 241 — Authorization of the conveyance of National Forest System lands in California
HR 2512 — Reclamation of the Three Kids Mine site in Nevada
HR 4222 — Conveyance of certain federal lands in Arizona to the Pascua Yaqui tribe of Arizona and the Tuscan Unified School District.
S 363 — Conveyance of property of the National Oceanic and Atmospheric Administration to the City of Pascagoula, Mississippi.  
S 292 — Salmon Lake Land Selection Resolution Act
HR 4282 — International Child Support Recovery Improvement Act of 2012

On the heels of Friday’s dismal jobs report, there’s lots of bad economic news today depicting the state of the Obama economy.

USA Today writes, “The economy  . . . stuck firmly in the slow lane. A disappointing report on the job market Friday dashed hopes that a halting recovery would finally take off and generate hundreds of thousands more jobs every month.  . . . ‘2012 is beginning to look horribly like 2011 — initial high hopes that the recovery was kicking into high gear, subsequently dashed,’ Nigel Gault, chief U.S. economist of IHS Global Insight, said in a research note to clients. . . . [T]he nation still has 5 million fewer jobs than it did when the recession began in December 2007. About half the states will recover all their lost jobs by next year, economist Jim Diffley of IHS Global Insight estimates. But that's more than twice as long as it took in the last four recoveries. All 8.7 million jobs lost in the downturn won't be recouped until 2016, IHS projects. Most disconcerting: Job growth revved up at the beginning of 2010, 2011 and this year before slowing markedly each spring. From December through February, employers added an average 252,000 jobs a month. But job gains have progressively slowed the past three months. In May, employers added just 69,000, the fewest in a year, the Labor Department said Friday.”

And The Wall Street Journal reports, “The Dow has given back all of this year's gains and is down 8.7% from the multiyear high of 13279.32, reached May 1. . . . The dour U.S. unemployment news Friday was bolstered with data showing that U.S. manufacturing had cooled in May, and that consumer spending rose faster than incomes in April—suggesting household finances remain strained. The Labor Department's report was the third consecutive month of disappointing payroll gains. It followed a government report on Thursday that lowered its estimate of economic growth in the first quarter to a weak 1.9% annualized rate.”

This ongoing economic gloom is clearly worrying Americans. According to Gallup, “Nearly six in 10 [that's 60%] Americans are currently dissatisfied with the opportunity for the next generation of Americans to live better than their parents. Older Americans are particularly unhappy on this question, but on balance, the majority of young adults are negative as well. . . . These results are based on a USA Today/Gallup poll conducted May 10-13 and could have implications for how Americans perceive President Barack Obama's job performance when deciding whether to support his re-election bid next fall.”

As Senate Republican Conference Chairman John Thune (SD) said on Friday, “[This] weak jobs report further confirms what nearly 13 million unemployed Americans already knew, that the Obama economy isn't working. It isn't working for the one in two [50%] recent college graduates who can't get a good job. It isn’t working for middle class families whose median income has dropped by $4,350. And it isn't working for the 28,000 construction workers who lost their jobs in the month of May. Yet President Obama continues to block job-creating projects like the Keystone XL pipeline, which would create 20,000 jobs, many in the construction industry. The president's policies of wasteful government spending, massive tax increases, and more job-killing regulations have failed to get Americans back to work. After a record 40 straight months of unemployment above eight percent, it is clear that President Obama's policies have made the economy worse.”


Tags: Washington, D.C., US Senate, US House, the economy, jobs, no jobs, economic recovery, Barack Obama, It's the Economy Stupid To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 12:25 PM - Post Link

0 Comments:

Post a Comment

<< Home


View U.S. National Debt

Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More


Also, Join & leave conservative posts & comments on
Facebook.com/ARRANewsService


Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
State Upper & Lower House Members
State Attorney Generals
State Governors
The White House
US House of Representatives
US Senators
GrassFire
NumbersUSA
Ballotpedia

Facebook Accts - Dr. Bill Smith
Pages:
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.

Patriots
Exchange
Links

Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
America's Best Choice
ARRA News Twitter
As The Crackerhead Crumbles
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report - Obama Regime Report
Chuck Baldwin - links
Common Cents
Conservative Voices
Diana's Corner
Greater Fitchburg For Life
Lasting Liberty Blog
Liberal Isn't Amy
Marathon Pundit
Patriot's Corner
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Sultan Knish
The Blue Eye View
The Born Again Americans
TEA Party Cartoons
The Foxhole | Unapologetic Patriot
The Liberty Republican
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
TOTUS
Twitter @ARRA
Underground Notes
Warning Signs
Women's Prayer & Action
WyBlog

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Action Forum (AAF)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
CATO Institute
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
FairTax
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
OathKeepers
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Truth in Accounting
Union Facts



Blogs For Borders

Reject the United Nations

Presidential Prayer Team

Thousands of Deadly Islamic Terror Attacks Since 9/11


FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger


  • To Exchange Links - Email: editor@arranewsservice.com!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting principles & beleifs beliefs of other organizations, this blog/site is soley controlled and supported by the editor. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2020 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.