Bowsite.com

Its a dish on Obama but after tallying the items below- you will understand why. Link is to article with hot links to each stat.

Barack Obama and the Federal Reserve are lying to you. The "economic recovery" that we all keep hearing about is mostly just a mirage. The percentage of Americans that are employed has barely budged since the depths of the last recession, the labor force participation rate is at a 36 year low, the overall rate of homeownership is the lowest that it has been in nearly 20 years and approximately 49 percent of all Americans are financially dependent on the government at this point. In a recent article, I shared 12 charts that clearly demonstrate the permanent damage that has been done to our economy over the last decade. The response to that article was very strong. Many people were quite upset to learn that they were not being told the truth by our politicians and by the mainstream media. Sadly, the vast majority of Americans still have absolutely no idea what is being done to our economy. For those out there that still believe that we are doing "just fine", here are 19 more facts about the messed up state of the U.S. economy...

#1 After accounting for inflation, median household income in the United States is 8 percent lower than it was when the last recession started in 2007.

#2 The number of part-time workers in America has increased by 54 percent since the last recession began in December 2007. Meanwhile, the number of full-time jobs has dropped by more than a million over that same time period.

#3 More than 7 million Americans that are currently working part-time jobs would actually like to have full-time jobs.

#4 The jobs gained during this "recovery" pay an average of 23 percent less than the jobs that were lost during the last recession.

#5 The number of unemployed workers that have completely given up looking for work is twice as high now as it was when the last recession began in December 2007.

#6 When the last recession began, about 17 percent of all unemployed workers had been out of work for six months or longer. Today, that number sits at just above 34 percent.

#7 Due to a lack of decent jobs, half of all college graduates are still relying on their parents financially when they are two years out of school.

#8 According to a new method of calculating poverty devised by the U.S. Census Bureau, the state of California currently has a poverty rate of 23.4 percent.

#9 According to the New York Times, the "typical American household" is now worth 36 percent less than it was worth a decade ago.

#10 In 2007, the average household in the top 5 percent had 16.5 times as much wealth as the average household overall. But now the average household in the top 5 percent has 24 times as much wealth as the average household overall.

#11 In an absolutely stunning development, the rate of small business ownership in the United States has plunged to an all-time low.

#12 Subprime loans now make up 31 percent of all auto loans in America. Didn't that end up really badly when the housing industry tried the same thing?

#13 The average cost of producing a barrel of shale oil in the United States is approximately 85 dollars. Now that the price of oil is starting to slip under that number, the "shale boom" in America could turn into a bust very rapidly.

#14 On a purchasing power basis, China now actually has a larger economy than the United States does.

#15 It is hard to believe, but there are 49 million people that are dealing with food insecurity in America today.

#16 There are six banks in the United States that pretty much everyone agrees fit into the "too big to fail" category. Five of them have more than 40 trillion dollars of exposure to derivatives.

"Jobs/recovery..... we don'need no stinking jobs/recovery..."

gotta break some eggs ya know...

He (they) don't care....the goal is and always has been "fundamentally transform America..." into a 3rd world socialist country.... spread the misery, we'll take care of you and leave the decisions to the elitists.....

He

Doesn't

Care.

Note: in lieu of a law, one would think and hope they'd voluntarily pay women equally.

Doc, CATCHY TITLES DAZZLE YOU EH? NO DOUBT YOU DIDN'T READ the text of the bills you presented. You have nailed the problem with the Dems...and you don't even realize it. The "Bills" you mentioned are JUST POLITICAL SHOW TO HELP THEM GET RE-ELECTED...designed to make them "Appear that they care" most are a joke with no understanding of the world economy, "Hey lets just require business to bring the jobs home" yeah right, "Hey lets give them a small tax break for ONE YEAR to bring jobs home"...

Here is the facts on one of the precious bills you mentioned with a title designed to impress, The "Bring jobs home Act"

Provisions of the bill

This summary is based largely on the summary provided by the Congressional Research Service, a public domain source.[1]

The Bring Jobs Home Act would amend the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. The bill would require an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.[1] Procedural history

The Bring Jobs Home Act was introduced into the United States Senate on July 8, 2014 by Sen. John Walsh (D-MT).[4] Senator Debbie Stabenow (D-MI) was an initial co-sponsor.[2] On July 23, 2014, the Senate voted to advance the bill for consideration in a vote of 93-7.[2] Debate and discussion

Senator Stabenow said that "we've got to make sure the tax code reflects the right values and policies."[2]

Senator Walsh is considered "one of the most vulnerable incumbents in this election cycle."[2] Walsh has alleged that his opponent was involved in outsourcing. According to Walsh, "it is outrageous that Americans are forced to subsidize corporate decisions to ship jobs overseas."[2]

Senator Harry Reid (D-NV) said that the bill "would end senseless tax breaks for outsourcers" and "would end the absurd practice of American taxpayers bankrolling the outsourcing of their very own jobs."[2]

Senate Minority Leader Mitch McConnell (R-KY) accused the Democrats of only being interested in politics and not in actually encouraging companies to stay in the United States.[2] McConnell pointed to reducing corporate tax rates as a step that would keep businesses in the United States that the Democrats have been unwilling to take. According to McConnell, the bill is "designed for campaign rhetoric and failure - not to create jobs here in the U.S."[2]

The Joint Committee on Taxation reported that the bill would result in the government losing $214 million in revenue over 10 years.[3]

Howard Cleckman on Forbes criticized the bill as a "message bill" that "Democratic sponsors have no interest in making" law because "they merely see it as a way to boost the party's Senate candidates in part by forcing Republicans against something that sounds like a good idea."

[5] Cleckman argued that major U.S. firms already pay such low taxes, that any tax credits available for bringing business units back to the United States would be meaningless. He also argues that the bill won't do anything to increasing hiring in the United States because the company can claim the credit with as few as one new job.[5]

Caterpillar stock is up on their qtr announcement...increasing dividend and better earnings number.

But then you dig down; 1) they took a charge of $.09 that helped their Qtr earnings number 2) They bought back huge amounts of their stock reducing the float

Not exactly smoke and mirrors but their actual business isn't reflecting the positive qtr announcement