Wednesday, July 30, 2014
2Q14 GDP
1-DOC reports 2Q14 GDP jumped to +4%. Lets see 1Q14 GDP was a lousy -2.9 GDP. For the first half 2014 average +1.1% NBFD/GI. You don't suppose they low balled 1Q14 so a + spike would occure in 2Q14? Really! You bet you ass they will do anything legal or illegally
2-New jobs added in 06/14 was 288,000. In fact, nation lost 523,000 full time jobs. WH likes to point out 800,000 part-time jobs were added. On the other hand part time jobs reap lower pay, few benefits and little job security.
3-Only 47.7% of the nation work force are full time employees.
4-It's the snail's pace of pp's economic growth rate that stalls recovery. Plus new government hires only burdens the economy greater, far from what an investment is.
5-Got a new Secretary for VA. Ex-P&G CEO McDonald. If he can't fire anyone, which is impossible in a gov't agency he certainly will not be a carry over to the 2016 Administration. The VA as such has to be scuttled and added to O'Care financially to HHS. Visions of the LZ 129 Hindenburg ruff landing in NJ come to mine.
6-Think we have problems with O'Care finances. The assistant POTUSA "VJ" received several e-mails from HealthCare Providers back (in early 04/14) warning if something isn't done soon O'Care Premiums are going to skyrocket. Why "VJ" was the receiver of the e-mails and not HSS is baffling. SNAFU as usual. The e-mail messages, by osmosis I suppose, got to HHS and they later in 04/14 responded to Insurance Providers. Not to worry, the HSS Secretary later assured other sources of revenue would be available, if that were to happen. Huh! This is billions and billions of dollars comin' from somewhere? In mid 04/14 Katheen Sebelius was fired or resigned the new HHS Secty probably don't have a clue.
7-Actung! Actung! Seniors what you paid for in Medicare monthly premiums since ~1965 is going to vanish over night the and balance tranfered to O'Care with all it's warts.
8-This is way the CTPR, as one body, must flip the senate and reinforce the House come Nov 4,2014.
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