KillingtonZone.com

steamboat1 wrote:The Feds raise and lower interest to either help slow down or give a boost to the economy.
This is high school econ 101.
In an economy that's growing too fast, the feds will raise rates.
In an economy that is struggling, they lower rates.
Our fed fund rates remains at zero-- where it has been for Obama's entire presidency.
When Obama passed his "trillion $ stimulus" - he predicted the economy would grow by 3% by 2010.
At which point the feds would have already begun to raise rates.
Here we are, 6 plus years later, and not only have the feds NOT raised rates, they have artificially pumped up the amount of money available in the "economy" to the tune of trillions of dollars. National debt has also increased close to $8 trillion from $10 to $18 trillion.
The current fed chairwoman has said recently that the economy still isn't strong enough to raise rates.
If the feds do FINALLY raise rates- it will most likely be a quarter of a point hike now (simply to try to keep themselves relevant) and maybe another quarter of a point over the next year. They won't be doing it to try to slow down an overheating economy.
The next time a libiot tries to tell you that the economy has been strong , laugh at them for their comedy or pity them for their stupidity.

By the way, during George Bush''s presidency the feds raised rates 17 times between 2003 and 2007.
They raised rates to help keep the economy from overheating.

It wasn't enough though to undue the housing bubble created by Clinton & then head of HUD Andrew Cuomo & their sub prime lending policies, deregulation of derivatives & allowing banks & brokerages to be one.

steamboat1 wrote: By the way, during George Bush''s presidency the feds raised rates 17 times between 2003 and 2007.
They raised rates to help keep the economy from overheating.

Coydog wrote:

steamboat1 wrote: By the way, during George Bush''s presidency the feds raised rates 17 times between 2003 and 2007.
They raised rates to help keep the economy from overheating.

Yes, I'd say by the end of their run, the Bush administration accomplished that quite admirably.

Coydog wrote:

steamboat1 wrote: By the way, during George Bush''s presidency the feds raised rates 17 times between 2003 and 2007.
They raised rates to help keep the economy from overheating.

Yes, I'd say by the end of their run, the Bush administration accomplished that quite admirably.

Summary

Since Barack Obama first took office:

The economy has added nearly 7.9 million jobs, and the unemployment rate is now lower than the historical median.

Business establishment start-ups have increased by 20 percent, and the number of job openings is the highest in more than 14 years.

The purchasing power of weekly paychecks is up 2.6 percent, despite some recent slippage.

Nevertheless, the number of people receiving food stamps is still 43 percent higher than when Obama was first sworn in, despite recent declines.

And the home ownership rate has continued to decline, to the lowest point in over a quarter century.

U.S. oil production is up 94 percent. Wind and solar power are up 252 percent. U.S. dependency on oil imports is down to the lowest point since the 1970s.

The percentage of foreigners who say they approve of the U.S. is up in most countries including France, Britain, Japan, Mexico, Turkey, Pakistan and even Israel, where it stands at 81 percent of those polled this year. One of the few exceptions is Russia, where U.S. favorability has plunged to 15 percent.

ida Ofori Causey, 45, was charged in an Information with one count of conspiracy to commit SNAP benefits fraud, one count of SNAP fraud, and one count of money laundering in connection with a four year fraud scheme.

The Supplemental Nutritional Assistance Program (SNAP), formerly known as the Food Stamp Program, administered by the U.S. Department of Agriculture (USDA), provides eligible households with government subsidies for certain foodstuffs, and allows holders to exchange their SNAP benefits for food at authorized retail food stores.

Causey was the owner and operator of J&W Aseda Plaza, a convenience store on Main Street in Worcester. From April 2010 to October 2014, Causey conspired with others to commit SNAP fraud by purchasing SNAP benefits from recipients rather than exchanging them for food. Causey purchased the benefits at a discounted value of approximately fifty cents for every SNAP dollar. By so doing, Causey caused the USDA to electronically deposit into a bank account controlled by her the full face value of the SNAP benefits fraudulently obtained.

During the course of the conspiracy, Causey defrauded the USDA of approximately $3,638,900 in SNAP funds.

madhatter wrote:Massachusetts woman charged with almost $4 million in food stamp fraud

http://www.caintv.com/massachusetts-woman-charged-wi" onclick="window.open(this.href);return false;

ida Ofori Causey, 45, was charged in an Information with one count of conspiracy to commit SNAP benefits fraud, one count of SNAP fraud, and one count of money laundering in connection with a four year fraud scheme.

The Supplemental Nutritional Assistance Program (SNAP), formerly known as the Food Stamp Program, administered by the U.S. Department of Agriculture (USDA), provides eligible households with government subsidies for certain foodstuffs, and allows holders to exchange their SNAP benefits for food at authorized retail food stores.

Causey was the owner and operator of J&W Aseda Plaza, a convenience store on Main Street in Worcester. From April 2010 to October 2014, Causey conspired with others to commit SNAP fraud by purchasing SNAP benefits from recipients rather than exchanging them for food. Causey purchased the benefits at a discounted value of approximately fifty cents for every SNAP dollar. By so doing, Causey caused the USDA to electronically deposit into a bank account controlled by her the full face value of the SNAP benefits fraudulently obtained.

During the course of the conspiracy, Causey defrauded the USDA of approximately $3,638,900 in SNAP funds.

http://www.justice.gov/usao-ma/pr/worce ... tamp-fraud" onclick="window.open(this.href);return false;


surprised? only if yer ignorant...the ENTIRE system needs overhaul, enough w the BS, no cash, no EBT cards ya want food? ya go to the food shelf and get some...guess they can still try to sell the actual food but who will want it if they already get benefits that are ONLY exchangeable for food?... people who NEED food shouldn't have a problem w that and anyone who does can find a more palatable way to get it if they can;t stomach the "stigma" of the food shelf...

Bubba wrote:Meanwhile, the Governor celebrates the state receiving a bonus payment for SNAP participation.

http://vermontbiz.com/news/september/ve ... -286323177" onclick="window.open(this.href);return false;

Coydog wrote:Summary

Since Barack Obama first took office:

The economy has added nearly 7.9 million jobs, and the unemployment rate is now lower than the historical median.

Business establishment start-ups have increased by 20 percent, and the number of job openings is the highest in more than 14 years.

The purchasing power of weekly paychecks is up 2.6 percent, despite some recent slippage.

Nevertheless, the number of people receiving food stamps is still 43 percent higher than when Obama was first sworn in, despite recent declines.

And the home ownership rate has continued to decline, to the lowest point in over a quarter century.

U.S. oil production is up 94 percent. Wind and solar power are up 252 percent. U.S. dependency on oil imports is down to the lowest point since the 1970s.

The percentage of foreigners who say they approve of the U.S. is up in most countries including France, Britain, Japan, Mexico, Turkey, Pakistan and even Israel, where it stands at 81 percent of those polled this year. One of the few exceptions is Russia, where U.S. favorability has plunged to 15 percent.

Record 94,610,000 Americans Not in Labor Force; Participation Rate Lowest in 38 Years

By Susan Jones | October 2, 2015 | 8:56 AM EDT

A record 94,610,000 Americans were not in the American labor force last month -- an increase of 579,000 from August -- and the labor force participation rate reached its lowest point in 38 years, with 62.4 percent of the U.S. population either holding a job or actively seeking one.

In other disappointing news, the economy added only 142,000 jobs in September, well below economists' expectations, but the unemployment rate remained at 5.1 percent, where it was in August.

The number of Americans not in the labor force has continued to rise, partly because of retiring baby-boomers and fewer workers entering the workforce.

In September, according to the Labor Department's Bureau of Labor Statistics, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 251,325,000. Of those, 156,715,000 participated in the labor force by either holding a job or actively seeking one.

The 156,715,000 who participated in the labor force equaled only 62.4 percent of the 251,325,000 civilian noninstitutional population. The last time the labor force participation was as low as 62.4 percent was in October 1977. (The rate had been 62.6 percent for the 3 months prior to September.)

The participation rate dropped for both men 20 years and older (the 71.3 percent in September is a record low in BLS data going back to 1948). It also dropped for women 16 years and older (56.4 percent participation rate in September compared with 56.7 percent in the two preceeding months).

Last month, 56,647,000 women 16 and older were not in the labor force, an increase of 394,000 from August and up 1,066,000 from September 2014.

That number also rose for men: In September, 32,387,000 men age 20 and older were not in the labor force, up 202,000 from August and an increase of 804,000 from September 2014.

Other notes from Friday's jobs report:

-- In September, 1.9 million persons were marginally attached to the labor force, down by 305,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job some time in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

-- The number of persons employed part time for economic reasons (involuntary part-time workers) declined by 447,000 to 6.0 million in September. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.

--Health care added 34,000 jobs in September, in line with the average increase of 38,000 jobs per month over the prior 12 months. Hospitals accounted for 16,000 of the jobs gained in September, and employment in ambulatory health care services continued to trend up (up 13,000).

--Among the major worker groups, the unemployment rates for adult men (4.7 percent), adult women (4.6 percent), teenagers (16.3 percent), whites (4.4 percent), blacks (9.2 percent), Asians (3.6 percent), and Hispanics (6.4 percent) showed little or no change in September.

-- In September, average hourly earnings for all employees on private nonfarm payrolls, at $25.09, changed little (down one cent), following a 9-cent gain in August.

-- The change in total nonfarm payroll employment for July was revised from a gain of 245,000 jobs to a gain of 223,000 jobs; and the change for August was revised from a gain of 173,000 jobs to a gain of only 136,000. With these revisions, employment gains in July and August combined were 59,000 less than previously reported.