Foodstamps Surge By Most In One Year To New All Time Record, In Delayed Release.....

Funny, ey? Release delayed until after the election...and I hear the usual crickets chirping....how long do crickets live? These poor guys have been chirping at the Drive-By Media's silence so long...they need a break!

There was, however, another closely tracked number which perhaps is far more indicative of the economic "growth" in the past 4 years, which certainly had a delayed release. The number of course is that showing how many Americans are on foodstamps, and usually is released at the end of the month, or the first day or two of the next month. This time the USDA delayed its release nine days past the semi-official deadline, far past the election, and until Friday night to report August foodstamp data.

Obama's Layoff Bomb .......

The Bureau of Labor Statistics reported last Tuesday that employers issued 1,316 "mass layoff actions" (affecting 50 workers or more) in September; more than 122,000 workers were affected overall. USA Today financial reporter Matt Krantz wrote that "(m)uch of the recent layoff activity is connected to what's been the slowest period of earnings growth since the third quarter of 2009." Some necessary restructuring is underway in response to the stagnant European economy. But more and more U.S. businesses are putting the blame -- bravely and squarely -- right where it belongs: on the obstructionist policies and regulatory schemes of the blame-shifter-in-chief.

Quarter-billion-dollar stimulus grant creates just 400 jobs ......

But even when the quarterly reports are combined, a total of 408 new positions were reported under the stimulus program since 2009, amounting to more than $300,000 spent for each new job reported.

Labor Department Says No Decision Yet on Whether to Delay Jobs Report - Real Time Economics - WSJ

Imagine if a Republican did this....regardless of the storm etc......SCREAMS!

 The Labor Department said Monday that it has yet to make a decision on whether to delay Friday’s closely-watched October employment report due to the effects from Hurricane Sandy.

Federal government offices in Washington are closed Monday and may be shut again Tuesday due to the storm. It isn’t clear if the closure would cause a delay in processing the data.

Wisconsin company announces layoffs ahead of Biden arrival.....

Bad news will greet Vice President Joe Biden when he arrives in Wisconsin Thursday night. Hours earlier, Oshkosh's largest employer announced that it will lay off 450 employees in January.

Oshkosh Corp., a truck manufacturer with Pentagon contracts, blamed the "difficult decisions" on looming cuts to the nation's defense budget.

Obama: "I Couldn't Find My Plan" .....

Says it all............

Obama: "I Couldn't Find My Plan"

ObamaCare: Employees Working 30 Hours per Week Considered 'Full-Time'....

Just another GREAT Job Creator hidden within the Obamacare bill....ya know, once we read it...

 This somewhat obscure stipulation came to light in September as the IRS issued new regulations for employers to determine whether employees are part-time or full-time. According to the new rules, employers are given a “look-back” period of between three and twelve months to calculate employees’ average work hours per week to determine if they are “full-time,” i.e., average 30 hours weekly. Those employees who work the average 30 hours per week will count as “full-time” for the next six months, regardless of how much they work, thus precluding an employer decision to cut workers’ hours to avoid the mandate.

Weekly Jobless Claims Drop Proves to Be Short-Lived .....

Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months. The increase represents a rebound from the previous week's sharp drop. Both swings were largely due to technical factors.

Coal Miners Release Anti-Obama ad About ‘Lies’....

The ad is in response to an oft-repeated characterization (and Obama ad) that workers from the Century Mine were forced to attend a Romney rally. That was debunked in September and the Obama ad was supposed to have been altered to pull the footage alleging such a thing. The miners, however, are still upset enough about it to have released an ad of there own, which was partnered with a letter to the president:

Another Jobs Report Prompts Head Scratching .....

In other words, the drop of 30,000 last week had more to do with the lack of expected re-filings at the start of the fourth quarter than with any particular improvement in labor market conditions.

That also means that the decline which usually follows the spike won’t be as pronounced this time around, so the headline tally of jobless claims is likely to rebound next week.

Jack Welch: I Was Right About That Strange Jobs Report .......

Imagine a country where challenging the ruling authorities—questioning, say, a piece of data released by central headquarters—would result in mobs of administration sympathizers claiming you should feel "embarrassed" and labeling you a fool, or worse.

Billionaires Dumping Stocks, Economist Knows Why....

In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.

With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.

Unfortunately Buffett isn’t alone.

Windfall: Obama Raises $181 Million, Only Around 2% of Donations Reportable......

Imagine this were a Republican.......imagine the screams from the Media....again, as always...it's Obama and crickets chirp...

Two days, two tales of funny...or shall we say, "Fuzzy Math"....

The news should raise eyebrows.

The campaign said that just over 1.8 million people made donations to the campaign last month. According to the campaign, over 500k of these were brand-new donors, having neither given in 2008 nor 2012. 98% of contributions were under the reporting threshold of $250. Of these, the average contribution was $53.

Its really a tale of two worlds. 35k people gave an average of $2,600, while just over 1.7 million people gave an average of $53. Half the campaign's haul came from people giving around the maximum amount and half from people who don't have to be disclosed. Seems a bit odd.

We Can't Afford Four More Years ....

During last night's debate, we saw the clear choice facing voters in this campaign. President Obama can't defend his record and has no new ideas to run on. Mitt Romney clearly demonstrated that he is a leader who will create jobs, turn around our economy, and work across the aisle. We can't afford four more years like the last four years.

Obama's Freudian Slip - He Wants to Export Jobs....

Obama has already exported about 415,000 jobs to China

Since President Obama took office, the U.S. has lost 582,000 manufacturing jobs (from 12,552,000 manufacturing workers in Jan. 2009 to 11,970,000 in Aug. 2012). Most of these jobs were exported to China.

During Obama's presidency, U.S. net exports (exports minus imports) of goods to China have fallen by $41.5 billion (from a negative 268.0 billion for the year ending Jan 2009 to a negative 309.5 billion for the year ending July 2012), as shown by the graph below:

Chris Matthews Freaks Out At Obama: "What Was He Doing?" ....

Don't think Comrade Chris was happy! I believe Mitt Romney understands he has to EARN the election...not be anointed as the "Chosen One"....

 "Tonight wasn't an MSNBC debate tonight, was it?" Chris Matthews said after the first Obama-Romney presidential debate concluded on Wednesday night.

"I don't know what he was doing out there. He had his head down, he was enduring the debate rather than fighting it. Romney, on the other hand, came in with a campaign. He had a plan, he was going to dominate the time, he was going to be aggressive, he was going to push the moderator around, which he did effectively, he was going to relish the evening, enjoying it," Matthews said.

Bishop E.W. Jackson Message to Black Christians .....

EVERYONE should listen to what this man has to say.....it's ABOUT TIME!

Bishop E.W. Jackson Message to Black Christians

New Jobless Claims Report Shows Businesses Aren’t Hiring.....

Employers added a paltry 96,000 jobs last month, 9,000 of which were striking utilities workers returning to work, below the 141,000 in July and much lower than the average 226,000 added in the first three months of the year. Recent job gains are barely enough to keep up with the growth of the working age population and aren’t enough to rapidly drive down unemployment.

Alpha Natural Resources Announces it Will Close Eight Mines and Layoff 1K Workers .....

More recovery at work......

Crutchfield called it “a difficult day,” but said the shutdowns and layoffs are a necessary part of ensuring Alpha survives in what has become a difficult U.S. market, where coal companies face a dual challenge: a shift towards natural gas and “a regulatory environment that’s aggressively aimed at constraining the use of coal.”

Weekly Jobless Claims Jump; Producer Prices Gassed Up ......

In a separate report, a sharp rise in gasoline costs drove up wholesale prices last month by the most in more than three years. But outside energy and food, price gains were mild.