California Highest Poverty Rate in the Country — Continue to Reelect Democrats for Prosperity

California Halloween(SacBee) Census Bureau: California Still Has Highest Poverty Rate in the Country — Continue to Reelect Democrats For Prosperity

Obama’s Watch: China Becomes Worlds Largest Economy Putting U.S. in 2nd Place First Time in 142 Years

Reaganomics -v- ObamanomicsReaganomics -v- Obamanomics Explained –Soquel by the Creek

(Daily Mail) China has toppled the United States to become the worlds largest economy according to figures from the Intl Monetary Fund (IMF) the United States had been the global economic performance leader since it overtook Britain in 1872

The latest IMF figures show the China regime economy is worth $17.61 Trillion compared to $17.4 Trillion for the United States.

H/T: Weasel Zippers

Labor Participation Rate Takes Another Hit, Drops to New 36 Year Low of 62.7%

Labor Participation Rate(Zero Hedge) While Obama and Democrats have been cheering the alleged drop in the unemployment rate today to 5.9% what they fail to mention, is more important for Americans attempting to find a job.

On Friday, the Bureau of Labor Statistics reports that the ‘Labor Participation Rate’ has taken another hit falling from 62.8% to 62.7% the lowest level in 36 years–matching a rate when another Democrat, Jimmy Carter was President in February 1978

What is equally disturbing is that the number of Americans not in the labor force rose to a new record high–increasing by 315,000 to 92.6 Million

If that isn’t bad enough, in related economic news, CNS News reports the number of Women not in the labor force increased from 55,345,000 in August to 55,553,000 in September–an increase of 208,000

Obama: Make No Mistake, My Policies are On the Ballot, Every Single One of Them

Labor Participation Rate(Washington Free Beacon) Obama at Northwestern University today said: “I’m not on the ballot this fall, Michelle’s pretty happy about that but make no mistake–These policies are on the ballot, every single one of them..”

Its good for voters to keep this in mind when going to the polls next month.

According to the Bureau of Labor Statistics the “Labor Participation Rate” continues on its downward trend and now stands at 62.8% matching the lowest rate of the past 37 years.

Related: Median Household Incomes Have Fallen 2.9% Past 5 Yrs

Did You Ever Get the Feeling That Obama Doesn’t Tell the Whole Truth About Manufacturing Jobs?

Obamanomics...

(VOX) Speaking at Northwesterm Univ in Illinois on Thursday, Obama Claimed ‘American Mfg Added 700,000+ Jobs and Growing Twice as Fast as the Rest of the Economy…

Uhm but Mr Obama, between May 2013 and May 2014 Illinois has lost 8,900 manufacturing jobs and in April lost a whopping 3,500 alone.

Flashback: Remember in 2012 Obama pledged to create 1 Million new manufacturing jobs during his second term—For Obama to make good on this grandiose promise the U.S. economy must add 28,281 manufacturing jobs every month if we were to reach that goal by 2017

Related: Median Household Incomes Have Fallen 2.9% in Past 5 Yrs

H/T: Soquel by the Creek

It’s Obama’s Economy: 1 in 5 Workers Were Laid-Off in Past 5 Yrs, Unemployment Spikes

Obama Economy...20% of American Workers Were Laid-Off in the Last 5 Yrs –Image: AOL

(LA Times) One in 5 American workers were laid-off in the last 5 years and about 22% of those who lost their jobs, haven’t found one according to a new survey that shows the extent Americans have struggled in the sluggish economy.

The number of people seeking first time jobless benefits increased last week by 12,000 according to the Associated Press to 293,000 the labor department reported today–Employers added just 142,000 last month down from an average 212,000 in the preceding 12 months.

In related economic news, Brookings reports the U.S. Labor participation rate dropped to 62.8% in August, matching the lowest rate of the past 37 years.

California Economic Recovery? General Mills to Close 67 Yr Old Lodi Plant, Eliminating 430 Jobs–Reelect Gov Jerry Brown

General Mills Lodi Plant(WSJ) General Mills will close its 67 year old Lodi, California plant eliminating 430 more jobs in a struggling economy–in August, California reported 1,563 new jobless claims, the states unemployment rate remained unchanged at 7.4% higher than 43 other states and the national average.

Related: California Commercial Electricity Rates Soar in 3 Mo Period

California 7.4% Jobless Rate Higher Than 43 Other States: Reelect Gov Jerry Brown

Obamanomics: Record 92,269,000 Not in Work Force, Labor Participation Rate Falls to 36 Year Low

Labor Participation Rate(CNS News) Record 92,269,000 Not in Work Force–Bureau of Labor Statistics reports Labor Participation Rate Falls to 62.8%
Image:
Soquel by the Creek

California Unions Paid Millions to Raise Taxes Resulting in Negative Economic Consequences

California Prop 30Thanks California Prop 30 Supporters for Making the State #1 in Taxes
Image:
Soquel by the Creek@Twitter

On Wednesday I wrote here that Gov Jerry Brown’s tax hike had negative economic consequences and is a contributing factor why California is ranked as the worst state for business in 2014