Tag Archive: Economy


French Factory Decline Even Worse Than Greece

 

 

French Manufacturing

 

 

 

” The economic divide between Europe’s largest economies widened in February, as a closely-watched survey showed manufacturing output in France contracted at a faster rate than Greece, despite the weakening euro.

  Output at French factories fell for a ninth consecutive month in February, as new orders dried up and overseas demand fell. This led to a further fall in employment, Markit said, as it described general demand in France as “lacklustre”.

  By contrast, a stronger rise in new business helped output at German manufacturers expand for the 22nd consecutive month in February. Markit described the latest rise as “broad-based”, but said growth was “weak by historical standards”. “

 

 

The Telegraph has more on the European socialist market doldrums 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Homeownership Rate Hits 20-Year Low

 

 

 

” The homeownership rate in the United States dropped to a 20-year low of 64.5 percent in 2014, according to new data released by the Census Bureau.

  The homeownership rate is the percentage of households that own the home in which they live. “It is computed,” says the Census Bureau, “by dividing the number of households that are owners by the total number of occupied households.”

  The last time the annual homeownership rate was lower than 64.5 percent was in 1994, when it was 64.0%, according to Table 15 in the Census Bureau’s “Housing Vacancies and Homeownership” data.”

 

 

   That “Change We Can Believe In © ” just keeps on giving … continue reading  , but to be honest this is more a reflection of a market correction back towards the sanity of less “free money” demanded of the banks by Statist programs designed to allow unqualified people to borrow so maybe it’s an inadvertent good thing .

 

 

 

 

 

 

 

 

 

 

The Economy’s Worst 8-Year Run In 62 Years

 

8yearGDPgrowthPostWW2to2014

 

 

 

” A couple of publications have noted that 2014 was the ninth consecutive year during which the U.S. economy grew by less than 3 percent.

  They’re being too kind. Last year was the eighth year in a row of sub-2.5 percent growth, following four straight years (2003-2006) of higher growth.

  It’s hardly a coincidence that the first year of that awful 2007-2014 streak just so happens to have been the same year that the Democratic Party took legislative control in Washington.

  The nation’s political and media elites were quite pleased with themselves when the November 2006 elections brought about that result, largely because their daily hostility to all things Republican and/or conservative contributed mightily to it. They were absolutely ecstatic when Barack Obama, Mr. Perfectly Creased Pants, won the November 2008 presidential election and took office in January 2009.

  As will be seen shortly, the former event marked the beginning of the U.S. economy’s worst eight-year stretch since 1945-1952. Obama’s presence in the Oval Office until January 2017 virtually ensures that we’ll have at least two more years of the policies which brought on that miserable result.”

 

Read on at PJMedia

 

 

 

 

 

 

 

 

 

 

 

Biden: Middle Class ‘In Worst Shape Since 1920′, Is Currently ‘Being Killed’

 

 

 

     Who do you suppose is responsible for the death of the middle class Joe ? I’ll give you a hint , only one pair of Bozo’s have been in charge for the past half dozen years .

There’s a campaign slogan for the Democrats … “We’re number 27″ … run Joe , run …

Southern Tier Towns Looking To Cut NY Ties

 

 

Southern Tier Secession

 

 

 

” The local economy is pushing one organization in Upstate New York to pose a question: Is it possible to secede to Pennsylvania?

  The Upstate New York Towns Association is researching this very topic. The group says a few factors pushing its research are high property taxes, low sales tax revenue and the recent decision to ban hydraulic fracturing in New York.

” The Southern Tier is desolate,” said Conklin Town Supervisor Jim Finch (R). “We have no jobs and no income. The richest resource we have is in the ground.”

  Finch said the ground in Conklin is rich with natural gas in the Marcellus Shale. However, that shale is unable to be tapped. He described this ban as a violation of his natural rights as a property owner.

  There are 15 towns interested in the secession, according to the Towns Association. These towns are in Broome, Delaware, Tioga and Sullivan counties. The association declined to name the towns without their permission and also declined to comment on specifics at this time. As of now, research is ongoing. The group will be updating Action News with all of their findings in the coming weeks.

  The association said it’s comparing taxes and the cost of doing business in the two states. It says the facts show there is a huge difference between the two. “

 

 

Read more on the legacy of Andy Cuomo and the democrat’s iron grip on state politics .

 

 

 

 

 

 

 

 

 

 

An Email From A Friend

 

 

 

 

” Tina Griego is (was) a Free-Lance reporter for the Denver Post . She writes some really good stuff and she is a strong advocate for LEGAL immigration … Homework on issues is part of her make-up and fabric …

What if they left?

  Somebody really did their homework on this one.  Best on the subject to date.  It does not have a political slant to it, it’s just the facts:  Not Democratic, not Republican, not liberal and not conservative.

What if 20 Million Illegal Aliens Vacated America?

 

  I, Tina Griego, journalist for the Denver Rocky Mountain News wrote a column titled, “Mexican Visitor’s Lament.” 

  I interviewed Mexican journalist Evangelina Hernandez while visiting Denver last week.  Hernandez said, “Illegal aliens pay rent, buy groceries, buy clothes.  What happens to your country’s economy if 20 million people go away?”

 

Hmmm, I thought, what would happen? 

So I did my due diligence, buried my nose as a reporter into the FACTS I found below.

  It’s a good question… it deserves an honest answer.  Over 80% of Americans demand secured borders and illegal migration stopped.  But what would happen if all 20 million or more vacated America?  The answers I found may surprise you!

 

  In California, if 3.5 million illegal aliens moved back to Mexico, it would leave an extra $10.2 billion to spend on overloaded school systems, bankrupt hospitals and overrun prisons.  It would leave highways cleaner, safer and less congested.  Everyone could understand one another as English became the dominant language again. 

  In Colorado, 500,000 illegal migrants, plus their 300,000 kids and grandchildren would move back “home,” mostly to Mexico.  That would save Colorado an estimated $2 billion (other experts say $7 billion) annually in taxes that pay for schooling, medical, social-services and incarceration costs.  It means 12,000 gang members would vanish out of Denver alone. 

Colorado would save more than $20 million in prison costs, and the terror that those 7,300 alien criminals set upon local citizens.  Denver Officer Don Young and hundreds of Colorado victims would not have suffered death, accidents, rapes and other crimes by illegals.

  Denver Public Schools would not suffer a 67% dropout/flunk rate because of thousands of illegal alien students speaking 41 different languages.  At least 200,000 vehicles would vanish from our gridlocked cities in Colorado.  Denver’s 4% unemployment rate would vanish as our working poor would gain jobs at a living wage. 

  In Florida, 1.5  million illegals would return the Sunshine State back to America, the rule of law, and English.

  In Chicago, Illinois, 2.1 million illegals would free up hospitals, schools, prisons and highways for a safer, cleaner and more crime-free experience. 

  If 20 million illegal aliens returned ‘home,’ the U.S.  Economy would return to the rule of law.  Employers would hire legal American citizens at a living wage.  Everyone would  pay their fair share of taxes because they wouldn’t be working off the books.  That would result in an additional $401 billion in IRS income taxes collected annually, and an equal amount for local, state and city coffers.

  No more push ‘1’ for Spanish or ‘2’ for English.  No more confusion in American schools that now must contend with over 100 languages that degrade the educational system for American kids.  Our overcrowded schools would lose more than two million illegal alien kids at a cost of billions in ESL and free breakfasts and lunches. 

  We would lose 500,000 illegal criminal alien inmates at a cost of more than $1.6 billion annually.  That includes 15,000 MS-13 gang members who distribute $130 billion in drugs annually would vacate our country. 

  In cities like L.A., 20,000 members of the ’18th Street Gang’ would vanish from our nation.  No more Mexican forgery gangs for ID theft from Americans!  No more foreign rapists and child molesters! 

  Losing more than 20 million people would clear up our crowded highways and gridlock.  Cleaner air and less drinking and driving American deaths by illegal aliens!

  America’s economy is drained.  Taxpayers are harmed.  Employers get rich.  Over $80 billion annually wouldn’t return to the aliens’ home countries by cash transfers.  Illegal migrants earned half that money untaxed, which further drains America’s economy which currently suffers an $8.7 trillion debt.  $8.7 trillion debt!!! 

  At least 400,000 anchor babies would not be born in our country, costing us $109 billion per year per cycle.  At least 86 hospitals in California, Georgia and Florida would still be operating instead of being bankrupt out of existence because illegals pay nothing via the EMTOLA Act.  Americans wouldn’t suffer thousands of TB and hepatitis cases rampant in our country – brought in by illegals unscreened at our borders. 

  Our cities would see 20 million less people driving, polluting and grid locking our cities.  It would also put the ‘progressives’ on the horns of a dilemma; illegal aliens and their families cause 11% of our greenhouse gases. 

  Over one million of Mexico’s poorest citizens now live inside and along our border from Brownsville, Texas, to San Diego, California, in what the New York Times called, ‘colonias’ or new neighborhoods.  Trouble is, those living areas resemble Bombay and Calcutta where grinding poverty, filth, diseases drugs, crimes, no sanitation and worse.  They live without sewage, clean water, streets, roads, electricity, or any kind of sanitation.

  The New York Times reported them to be America’s new ‘Third World’ inside our own country.  Within 20 years, at their current growth rate, they expect 20 million residents of those colonias.  (I’ve seen them personally in Texas and Arizona; it’s sickening beyond anything you can imagine.) 

  By enforcing our laws, we could repatriate them back to Mexico.  We should invite 20 million aliens to go home, fix their own countries and/or make a better life in Mexico.  We already invite a million people into our country legally annually, more than all other countries combined.  We cannot and must not allow anarchy at our borders, more anarchy within our borders and growing lawlessness at every level in our nation.

 

It’s time to stand up for our country, our culture, our civilization and our way of life. 

Interesting Statistics!

  Here are 14 reasons illegal aliens should vacate America, and I hope they are forwarded over and over again until they are read so many times that the reader gets sick of reading them:

 

  1. $14 billion to $22 billion dollars are spent each year on welfare to illegal aliens (that’s Billion with a ‘B’)  < <http://tinyurl.com/zob77.html> http://tinyurl.com/zob77.html>

 

  1. $7.5 billion dollars are spent each year on Medicaid for illegal aliens.   < <http://www.cis.org/articles/2004/fiscalexec.html> http://www.cis.org/articles/2004/fiscalexec.html>

 

  1. $12 billion dollars are spent each year on primary and secondary school education for children here illegally and they  still cannot speak a word of English! < <http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.html> http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.html>

 

  1. $27 billion dollars are spent each year for education for the American-born children of illegal aliens, known as anchor babies. < <http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.html> http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.html>

 

  1. $3 Million Dollars ‘PER DAY’ is  spent to incarcerate illegal aliens.  That’s $1.2 Billion a year. < <http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.html> http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.html>

 

  1. 28% percent of all federal prison inmates are illegal aliens .< <http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01…html> http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01…html>

 

  1. $190 billion dollars are spent each year on illegal aliens for welfare & social services by the American taxpayers.  < <http://transcripts.cnn.com/TRANscriptS/0610/29/ldt.01.html> http://transcripts.cnn.com/TRANscriptS/0610/29/ldt.01.html>

 

  1. $200 billion dollars per year in suppressed American wages are caused by the illegal aliens. <http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.HTML> http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.HTML

 

  1. The illegal aliens in the United States have a crime rate that’s two and a half times that of white non-illegal aliens.  In particular, their children, are going to make a huge additional crime problem in the US. < <http://transcripts.cnn.com/TRANscriptS/0606/12/ldt.01.html> http://transcripts.cnn.com/TRANscriptS/0606/12/ldt.01.html>

 

  1. During the year 2005, there were 8 to 10 MILLION illegal aliens that crossed our southern border with as many as 19,500 illegal aliens from other terrorist countries.  Over 10,000 of those were middle-eastern terrorists.  Millions of pounds of drugs, cocaine,  meth, heroin, crack, guns, and marijuana crossed into the U.S. from  the southern border.  < <http://tinyurl.com/t9sht> http://tinyurl.com/t9sht<; <http://tinyurl.com/t9sht> http://tinyurl.com/t9sht>

 

  1. The National Policy Institute, estimates that the total cost of mass deportation would be between $206 and $230 billion, or an average cost of between $41 and $46 billion  annually over a five year period.  < <http://www.nationalpolicyinstitute.org/publications.php?b=deportation> http://www.nationalpolicyinstitute.org/publicationsphp?b=deportation>

 

  1. In 2006, illegal aliens sent home $65 BILLION in remittances back to their countries of origin, to their families and friends.  < <http://www.rense.com/general75/niht.htm> http://www.rense.com/general75/niht.htm>

 

  1. The dark side of illegal immigration:  Nearly one million sex crimes are committed by illegal immigrants in the United States!  < <http://www.drdsk.com/articleshtml> http://www.drdsk.com/articleshtml>

 

Total cost a  whopping $538.3 BILLION DOLLARS A YEAR ! 

If this doesn’t bother YOU, then just delete the message.  Otherwise, forward this to everyone YOU know!

Are you crying or laughing ? “

 

 

    While we seem to be a little behind the times seeing as how this commentary was published years ago , we felt that it was worth repeating . Although we were unable to track down a link to the original article it has been published on an endless number of blogs and websites over the past few years .

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Initial Jobless Claims Collapse To 15 Year Lows But Shale States Job Losses Explode

 

 

 

 

” After 4 weeks missing expectations (and 3 above the crucial 300k mark), initial jobless claims totally and utterly collapsed last week. Printing 265k (beating the 300k expectation by the most in years), the 13.9% drop WoW was the biggest since September 2005!!! This is the lowest initial claims data since the financial crisis and in fact the lowest since April 2000. But it is the story from the Shale states that is most troubling as initial claims through the 2nd week of January (data is lagged by state) show a massive surge in initial claims as unambiguously good news is very much not for many thousands across these regions.”

 

Zero Hedge

 

 

 

 

 

 

 

 

 

 

 

 

New York, Northeast Lead Nation In ‘Outmigration

 

 

 

 

 

” New York State and the Northeast region led the nation in domestic net “outmigration” in the period from July 1, 2013 to July 1, 2014 , according to newly released data from the Census Bureau. During the same period, Texas and the South led the nation in domestic net “immigration.”

  Domestic net outmigration is the number of residents who move out of a state or region to another part of the country minus the number of residents who move in from another part of the country. It does not include international migration—n.b. people who move into a state or region from outside the United States, or from a state or region to outside the United States.”

 

 

   This video dates from 2011 and demonstrates that the flight from NY has been ongoing for decades , which gives you an idea of how long the state has been so poorly managed …

 

 

 

 

 

 

” A state or region has domestic net immigration when the number of people moving in from another part of the country exceeds the number moving out.

  From July 1, 2013 to July 1, 2014, 30 states had a domestic net outmigration and 20 states plus the District of Columbia had a domestic net immigration.”

 

 

Here are the top ten states that people are fleeing:

 

” 1-New York (-153,921)

2-Illinois (-94,956)

3-New Jersey (-55,469)

4-California (-32,090)

5-Pennsylvania (-31,448)

6-Michigan (-28,679)

7-Connecticut (-26,216)

8-Virginia (-20,400)

9-Ohio (-18,243)

10-Massachusetts (-16,354) “

 

 

 

CNS News has more details

 

 

Here is some further reading on the “Exodus” state:

 

Going Going Gone: Why are People Leaving NY?

People leaving New York State

Escape From New York? High-Taxing Empire State

The “Exodus States:” People leaving New York

The States People Are Fleeing In 2013

Movers Study: People Leaving NY, NJ En Masse

Why Are People Leaving New York?

New Yorkers leaving state

 

 

 

 

 

 

 

 

 

Of More Than 3,000 U.S. Counties, Just 65 Have Recovered From Recession, NACo Says

 

 

NACo 4 indicators

 

 

” Seven years after the recession began, only one in 50 U.S. counties has fully bounced back, according to a study the National Association of Counties released Monday.

  The 2014 County Economic Tracker shows that 65 of the nation’s 3,069 counties have met or surpassed prerecession levels in four measured categories: jobs, unemployment rate, economic output and home prices.

  Those places range from Anderson County, S.C., to McKenzie County, N.D., to Kodiak Island, Alaska.

  National employment surpassed 2007 levels during 2014 and the U.S. gross domestic product had fully recovered from the recession by 2011. But the national unemployment rate was 5.6% in December compared with 5% when the recession began seven years earlier. And housing values in much of the country have yet to fully return.

  The recovered counties are largely located in energy-rich areas and have small populations. Of the 65 recovered counties, 24 are in Texas and 16 are in North Dakota. The others are generally in the middle of the country, including nine in Minnesota and eight in Kansas.

  None of the recovered counties has more than 500,000 residents.”

 

     This article , more than any other demonstrates that the nearly $3 Trillion in government stimulus spending was nothing more than wasteful cronyism handed out to favored unions , interest groups and corporations . Little or none trickled down to benefit the taxpayers actually footing the bill .

Wall Street Journal

 

 

 

 

 

 

 

 

 

 

 

Despite Decline In CPI, Food Index Increases In December

 

 

 

 

 

 

” Despite a decline in the overall Consumer Price Index (CPI) in December, the food index increased and the price index for meats, poultry, fish and eggs hit a record high, according to data released today from the Bureau of Labor Statistics (BLS).

  According to the BLS, “The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.4 percent in December on a seasonally adjusted basis. Over the last 12 months, the all items index increased 0.8 percent before seasonal adjustment.”

“ The gasoline index continued to fall sharply, declining 9.4 percent and leading to the decrease in the seasonally adjusted all items index,” said the BLS.

“ The fuel oil index also fell sharply, and the energy index posted its largest one-month decline since December 2008, although the indexes for natural gas and for electricity both increased,” said the BLS.

“ The food index, in contrast, rose 0.3 percent, its largest increase since September.” “

 

 

    Perhaps this has something to do with the record high food prices , after all Obama did promise that “electric prices would necessarily skyrocket” …

 

 

 

 

 

 

 

This is one promise candidate Obama has kept: Price of Electricity Hit Record High in U.S. in 2014

 

 

Electricity Price Index Hit All-Time High in 2014

 

 

 

 

CNS News has the details

 

 

 

 

 

 

 

 

 

 

Government Is The Country’s Biggest Problem, Say Americans

 

 

 

 

 

 

 

” Government (and the creatures who infest its rotten carcass) was the most important problem facing the United States in 2014, Americans tell Gallup pollsters. That’s up from being the second most serious problem in 2013, and the third-ranker in 2012.

  Who says the American political system is stuck? This is progress!”

 

 

Most Important Problem Facing the U.S.

 

 

 

” The news that Americans are un-fond of government, Congress, the president, and politicians in general comes from an average of monthly survey results throughout the year. Given officialdom’s litany of stupid government tricks, the elevation of America’s own flavor of Leviathan to public enemy numero uno may seem like nothing more than good common sense to many observers. Perhaps an expression of collective survival instinct. Or, at least, mass revulsion.

  True, government just barely edged out general economic concerns and worries over jobs and unemployment for top ranking. But still, it’s impressive when the institution whose adherents bill it as the cure for life’s ills wins top billing as a major disease itself. “

 

 

And from the Gallup poll itself comes this pearl …

 

 

” 2014 was also the first year since 2007 that the economy was not the top ranking issue, and it was the first year ever in Gallup records that dissatisfaction with government topped the list. Without a dominant issue such as the economy, the Iraq War or terrorism crowding out other issues as they have in years past, this is also only the third time since 2001 when three issues garnered at least 15% in average mentions. Thus, 2014 joins 2013 and 2009 as years when multiple issues emerged as significant top-of-mind concerns for Americans.”

 

JD Tuccille has more at Reason

 

 

 

 

 

 

 

 

 

 

Florida Leaves New York Behind In Its Rear-View Mirror

 

 

 

 

 

” It’s official. Florida is the nation’s third-largest state with 19.7 million people. It surpassed New York this month by adding an average of 803 new residents every day as opposed to New York’s 140.

  Contrary to the stereotype, sun-seeking seniors aren’t the main drivers of Florida’s population growth. James Johnson, a business professor at the University of North Carolina, told the AP that Florida’s powerful economic engine is driving its growth: “I think it’s going to be for the 21st century what California or New York was for the 20th century.”

  As the James Madison Institute reports, Florida’s growth is built on a consensus that taxes, spending, and regulation should be restrained. Its budget is half the size of New York State’s, it lacks a state income tax, and it is much easier to start and run a business there than in many northeastern states.”

 

National Review

 

 

 

 

 

 

 

 

 

 

Texas Job Growth Outpaces Rest Of U.S. Combined

 

 

 

 

” Since the recession began in December 2007, 1.2 million net jobs have been created in Texas. Only 700,000 net jobs have been created in the other 49 states combined.

  The remarkable employment growth in Texas looks even bigger considering its size relative to the rest of the U.S. Total non-farm employment has grown by 11.5 percent in Texas since December 2007. Employment in the rest of the United States has grown only 0.6 percent. Until September 2014, total employment growth in the rest of the United States since December 2007 was still negative.”

 

Washington Examiner

 

 

 

 

 

 

 

 

 

 

$4.20 Per Pound: Price Of Ground Beef Climbs To Another Record

 

 

bls

 

 

” The average price of a pound of ground beef climbed to another record high — $4.201 per pound — in the United States in November, according to data released today by the Bureau of Labor Statistics (BLS).

  In August 2014, the average price for a pound of all types of ground beef topped $4 for the first time, hitting $4.013, according to the BLS.  In September, the average price jumped to $4.096 per pound, and in October, the average price climbed to $4.154 per pound. In November, the average price hit the highest price ever recorded — $4.201 per pound.

  A year ago, in November 2013, the average price for a pound of ground beef was $3.477 per pound. Since then, the average price has increased 20.8 percent in one year.

  Five years ago, in November 2009, the average price of a pound of ground beef was $2.062, according to the BLS. The price has since climbed by $2.139 per pound, or 103.7 percent.”

 

Read more at CNS News

 

Below is a list of average grocery prices and other necessary expenses by year from 2008 to 2014 …

 

COL 2008-2014

 

 

   This is a list from one source that we could find quickly and while we find some of the statistics to be dubious in the extreme it does convey the basic idea that , contrary to what the inflation figures provided by the State claim , prices are out of control . Heck of a job Barack …

 

 

 

 

 

 

The Best And Worst Run States In America: A Survey Of All 50

 

Party Control Of States

 

 

” How well run is your state? Assessing a state’s management quality is hardly easy. The current economic climate and standard of living in any given state are not only the results of policy choices and developments that occurred in the last few years, but can also be affected by decisions made decades ago, and by forces outside a state’s control. 

  Each year, 24/7 Wall St. attempts to answer this question by surveying various aspects of each state. To determine how well states are managed, we examine key financial ratios, as well as social and economic outcomes. This year, North Dakota is the best-run state in the country for the third consecutive year, while Illinois replaced California as the worst-run state.

  Selecting appropriate criteria to compare the 50 states is difficult because there is so much variation among the states. As a result, policy decisions that may work in one state might not work in another. Some states are rich in natural resources, while others rely on high-skilled sectors such as technology and business services. Some depend disproportionately on one industry, while others’ economies are more balanced. Further, some states are more rural, while others are highly urbanized and densely populated.

  This year, a number of the best-run states again benefit from an abundance of natural resources. North Dakota, Wyoming, Alaska, and Texas are among the top 10 best-run states, and in all four, the mining industry — which includes fossil fuel extraction — is a major contributor to state GDP. Due in large part to the mining sector, North Dakota and Wyoming led the nation in real GDP growth in 2013. And Alaska has utilized its oil wealth to build massive state reserves and to pay its residents an annual dividend.

  Although less than in years past, the lingering effects of the housing crisis still have a negative impact on several of the worst-run states. In five of the 10 worst-run states — Arizona, Georgia, Illinois, New Jersey, and Rhode Island — home values declined by 10% or more between 2009 and 2013. Worse still, in states such as Arizona and Rhode Island, the housing market remains well below its peak, reached just before the start of the recent recession.”

 

   A brief rundown of the top ten and bottom ten states , color-coded (red for GOP , blue for Democrats , purple for split government) by party control of legislature and governor’s office is as follows: 

 

The 10 best run states:

 

” 1. North Dakota

2. Wyoming

3. Nebraska

4. Iowa

5. Minnesota

6. Utah

7. Alaska

8. Texas

9. Vermont

10. South Dakota

 

 

And here are the ten worst run states:

 

” 41. Alabama

42. Missouri

43. New Jersey

44. Georgia

45. Arizona

46. Kentucky

47. Rhode Island

48. Mississippi

49. New Mexico

50. Illinois

 

 

Click through to the 24/7 Wall Street post for a detailed accounting of all 50 states to see where yours stands .

 

 

 

 

 

 

 

 

 

Here Is Where Homes Are Most Affordable For The Middle Class

 

middle class homes

 

 

 

 

” If you’re struggling to buy a home in San Francisco or New York, you may want to consider Dayton or Rochester.

  Those are two of the U.S. cities where middle-class buyers are most likely to find an affordable home, according to a new report by the real-estate website Trulia.

  In Trulia’s map below, the bubbles represent the size of a metropolitan area’s housing market. The colors represent the percentage of housing in that market that Trulia considers affordable to the middle class.

  By Trulia’s definition, a city is affordable if “the total monthly payment, including mortgage, insurance, and property taxes, is less than 31% of the metro area’s median household income.” Thus, what’s affordable varies from city to city. “

 

 

The least affordable areas come as no surprise …

 

 

least affordable markets

 

 

Huffington Post

 

 

 

 

 

 

 

 

 

Report: 71 Percent Of NH Job Growth Since 2000 Has Gone To Immigrants Over Americans

 

 

 

 

” A whopping 71% of new jobs in New Hampshire since 2000 have gone to foreign immigrant workers—both those who are here illegally and legally—a new report from the Center for Immigration Studies (CIS) found.

“ Job growth in New Hampshire has not been very strong,” Steven Camarota, CIS’s research director and the report’s co-author, said in a statement accompanying its release. “The situation for natives without a college education has been particular bad. Thus, it is surprising that many of New Hampshire’s politicians supported the Gang of Eight bill, which would give work authorization to illegal immigrants and dramatically increase the number of foreign workers allowed into the country in the future.”

  One particular politician in the state who supported the “Gang of Eight” bill, which would have hurt even more New Hampshire jobs than current immigration policy does, is incumbent Democratic Sen. Jeanne Shaheen (D-NH). Shaheen voted for the immigration bill and regularly defends it on the campaign trail, despite the fact that the data that CIS found shows New Hampshire’s citizens are struggling, and illegal and legal immigrants are taking many of the state’s new jobs.”

 

Breitbart

 

 

 

 

 

 

 

 

 

 

CNN Poll: Voters Are Angry

 

 

 

 

 

 

” Nearly 7 in 10 Americans are angry at the direction the country is headed and 53% of Americans disapprove of President Barack Obama’s job performance, two troubling signs for Democrats one week before the midterm elections, a new CNN/ORC International Poll shows.

  Democrats are battling to try and save the Senate majority, while hoping to prevent more losses in the House, which the GOP controls by a 234 to 201 margin.

  In the Senate, Republicans need a net gain of six seats, and several state polls in the past month of contested races show that Democrats are in danger of losing control of the majority, and thus Congress. Currently, Democrats control the Senate by a 55-45 margin with two of those seats held by independents that align themselves politically with Democrats.

  The CNN/ORC poll shows that 30% of Americans are “very angry” and 38% are “somewhat angry” about the way things are going in the country, while 31% expressed “no anger” at all. CNN Polling Director Keating Holland notes the 31% of “very angry” Americans matches the mood of the country in 2010 when Republicans took back control of the House. “

CNN

AP-GfK Poll: Most Expect GOP Victory In November

 

 

Graphic shows results of AP-GfK poll on voter attitudes;&nbsp;&hellip;

 

 

” Two weeks before Election Day, most of the nation’s likely voters now expect the Republican Party to take control of the U.S. Senate, according to a new Associated Press-GfK poll. And by a growing margin, they say that’s the outcome they’d like to see.

  Among all adults, 38 percent say they’d like the Democrats to wind up in control of Congress, to 36 percent for the Republicans. But the GOP holds a significant lead among those most likely to cast ballots: 47 percent of these voters favor a Republican controlled-Congress, 39 percent a Democratic one. That’s a shift in the GOP’s favor since an AP-GfK poll in late September, when the two parties ran about evenly among likely voters.

  Women have moved in the GOP’s direction since September. In last month’s AP-GfK poll, 47 percent of female likely voters said they favored a Democratic-controlled Congress while 40 percent wanted the Republicans to capture control. In the new poll, the two parties are about even among women, 44 percent prefer the Republicans, 42 percent the Democrats.”

 

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The Death Rattle Of Europe’s Statist Dream

 

 

 

 

 

 

” Europe’s all-too-predictable relapse into recession is gathering force, threatening not only the pipe dream of economic and political unity, but eroding grandiose illusions that have helped prop up the world’s financial house of cards. The unwillingness of France in particular to play by the EU’s — i.e.,  Germany’s — rules appears to have doomed the EU dream. The idea of a borderless Europe bound by a common currency and a shared desire to forever banish war from the Continent was a lofty one, but it was mired from the start in deeply rooted political animosities, grass-roots skepticism and bureaucratic overreach. Now these problems, along with a great many others, have turned the EU project into a Tower of Babel. A million pages of meticulously codified EU rules might as well have been written in cuneiform, so inscrutable and arcane have they become.

  And useless as well. France’s prolonged economic death rattle has been made possible by running annual deficits larger by half than the 3% “allowed” by Brussels. And now, channeling  de Gaulle for what could turn out to be France’s last hurrah, the French have flouted Merckel’s authority, and common sense itself, by proposing to remedy the problem by hiring more government workers and expanding tax breaks.  Portugal, Greece, Spain and the other deadbeat rabble have been cheering them on, and why not? They think they have nothing to lose — that Germany is the only country with any skin in the game. Their folly is about to be laid bare, however, unless Germany gives in and allows Europe’s Central Bank to monetize the collective debts of Europe Fed-style. “

 

Continue reading

 

 

 

 

 

 

 

 

Prefer GOP On Seven Of 13 Election Issues; Democrats, On Just Four

 

2014 Midterm Issues: Importance and Party Advantage

 

 

” The Republicans in Congress hold significant leads over the Democrats on four of the six issues that U.S. registered voters say are most important in determining how they will vote in November: the economy, the way the federal government is working, the situation with Islamic militants in Iraq and Syria, and the federal budget deficit. Democrats, by contrast, top their Republican rivals on just one of the six: “equal pay for women.”

  These results are from a Sept. 25-30 poll in which Gallup asked registered voters to rate the importance of 13 issues to their vote for Congress, and then to indicate which party would do a better job on each issue. The accompanying graph simultaneously displays the rankings of these issues on both dimensions. The higher an issue is, the greater the Republican Party’s advantage. And the farther to the right an issue is, the more important it is to the electorate.

  The 13 issues measured in the new poll include eight that appeared in a Gallup Poll conducted in April, before the midterm campaign season came into full bloom, plus five new ones. In total, six issues were rated above the average of 69%, in terms of the percentage of voters saying they are extremely or very important to their vote:

  1. the economy (88%)
  2. the availability of good jobs (86%)
  3. the way the federal government is working (81%)
  4. the situation with Islamic militants in Iraq and Syria (78%)
  5. equal pay for women (75%) and
  6. the federal budget deficit (73%)

  On the No. 1 issue, the economy, Republicans have more than doubled their April lead over Democrats, to 11 percentage points. “

 

Read the rest at Gallup

 

 

 

 

 

 

 

 

 

 

China Just Overtook The US As The World’s Largest Economy

 

 

 

 

 

 

” Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund.

  Chris Giles at the Financial Times flagged up the change. He also alerted us in April that it was all about to happen

  Basically, the method used by the IMF adjusts for purchasing power parity, explained here.

  The simple logic is that prices aren’t the same in each country: A shirt will cost you less in Shanghai than in San Francisco, so it’s not entirely reasonable to compare countries without taking this into account. Though a typical person in China earns a lot less than the typical person in the US, simply converting a Chinese salary into dollars underestimates how much purchasing power that individual, and therefore that country, might have. The Economist’s Big Mac Index is a great example of these disparities. “

 

Heck of a job , Barack … read more 

 

 

 

 

 

 

 

 

 

 

 

 

 

Poll: Americans Worry _ Can Government Protect Us?

 

Govt Poll

 

Click for PDF of poll results

 

 

” Americans lack confidence in the government’s ability to protect their personal safety and economic security, a sign that their widespread unease about the state of the nation extends far beyond politics, according to the latest Associated Press-GfK poll.

  With Election Day about a month away, more than half those in the survey said Washington can do little to effectively lessen threats such as climate change, mass shootings, racial tensions, economic uncertainty and an unstable job market.

  For many of those questioned in the poll, conducted before doctors in Texas diagnosed a Liberian man with the Ebola virus, the concern starts with the economy.

  The poll found that 9 in 10 of those most likely to vote in the Nov. 4 election call the economy an extremely or very important issue. Teasdale is among those who say the slow recovery from the recession is a top concern.

  Despite improvements nationally, business is far from booming in his state, Teasdale said. He’s been supplementing his stagnant salary by renovating and renting out duplexes and has little faith the situation will improve soon. He wants government to get out of the way of business.

” If you’re putting so much restriction on them where it isn’t practical for them to expand or grow, why should they?” Teasdale asked.

  Those surveyed also pointed to events such as the protests in Ferguson, Missouri, that followed the fatal police shooting an unarmed black 18-year-old and the beheading of a woman in an Oklahoma food processing plant, apparently at the hand of a suspended co-worker.

” This is the first time I’ve felt insecure in my own country,” said Jan Thomas, 75, of Stevensville, Montana. “Especially after the beheading in Oklahoma. That’s scary.”

  The poll found that Democrats tend to express more faith in the government’s ability to protect them than do Republicans. Yet even among Democrats, just 27 percent are confident the government can keep them safe from terrorist attacks. Fewer than 1 in 5 say so on each of the other issues, including climate change.”

   Another first for the gentleman from “Hope & Change” . He’s the best friend fans of liberty have ever had , albeit unintentionally … Read the rest from AP News

Record 92.6 Million Americans Not In Labor Force

 

 

 

 

 

” While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% – the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million! “

 

Tyler Durden has more at Zero Hedge

 

 

 

 

 

 

 

 

 

 

 

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