U.S. Unemployment Falls To 7%

WASHINGTON - A fourth straight month of solid hiring cut the U.S. unemployment rate in November to a five-year low of 7 percent. The surprisingly robust job gain suggested that the economy may have begun to accelerate.

It also fueled speculation that the Federal Reserve will scale back its economic stimulus when it meets later this month.

Employers added 203,000 jobs last month after adding 200,000 in October, the Labor Department said Friday. November’s job gain helped lower the unemployment rate from 7.3 percent in October.

The economy has now generated a four-month average of 204,000 jobs from August through November. That’s up from 159,000 a month from April through July.

Forget Obamacare: One In Four Americans Say They’ll Pay The Fine

NEW YORK (MainStreet) — The law of the land now goes as follows: either have healthcare insurance or pay a fine. Yet more than one in four Americans say they would rather pony up the penalty. A new Gallup poll reveals that 28% of those surveyed have no intention of signing up for health insurance, as required by the Affordable Care Act and will pay the fine instead.

The penalty in 2014 for remaining uninsured is $95 per adult and $47.50 per child or 1% of taxable income (up to $285 for a family), whichever is greater.

Fully 17% of U.S. adults currently do not have health insurance, according to Gallup. With the self-proclaimed holdouts who say they will refuse coverage, at least 5% of all U.S. adults will remain uninsured.

According to the nearly 4,000 interviews conducted with uninsured Americans since September, more than one quarter (26%) under the age of 30 say they are more likely to pay the fine, compared with 30% of those aged 30 and older.

Read more: http://business-news.thestreet.com/philly/story/forget-obamacare-one-four-americans-say-theyll-pay-the-fine/1

Crisis Averted, Obama Says Americans ‘Completely Fed Up’ With Washington

WASHINGTON (Reuters) – President Barack Obama scolded congressional Republicans on Thursday, hours after a fiscal crisis was narrowly averted and called on his opponents to help repair the economic damage caused by a 16-day U.S. government shutdown and a close brush with a debt default.

Obama stressed that he is willing to work with lawmakers wherever they can agree, but the tone he struck amounted to a rebuke of Republicans, whom Americans largely blame for pushing the United States to the brink of an economic calamity.

“The American people are completely fed up with Washington,” said Obama in a White House speech attended by many of the aides who worked day and night through the various stages of the latest fiscal stalemate.

“The American people are completely fed up with Washington,” said Obama in a White House speech attended by many of the aides who worked day and night through the various stages of the latest fiscal stalemate.

Read more: http://www.chicagotribune.com/news/politics/sns-rt-us-usa-fiscal-obama-20130915,0,5894864.story#ixzz2i0gCYjlb
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President Obama’s Dragnet

With his family by his side, Barack Obama is s...

With his family by his side, Barack Obama is sworn in as the 44th president of the United States by Chief Justice of the United States John G. Roberts, Jr. in Washington, D.C., Jan. 20, 2009. More than 5,000 men and women in uniform are providing military ceremonial support to the presidential inauguration, a tradition dating back to George Washington’s 1789 inauguration. VIRIN: 090120-F-3961R-919 (Photo credit: Wikipedia)

Within hours of the disclosure that federal authorities routinely collect data on phone calls Americans make, regardless of whether they have any bearing on a counterterrorism investigation, the Obama administration issued the same platitude it has offered every time President Obama has been caught overreaching in the use of his powers: Terrorists are a real menace and you should just trust us to deal with them because we have internal mechanisms (that we are not going to tell you about) to make sure we do not violate your rights.

Those reassurances have never been persuasive — whether on secret warrants to scoop up a news agency’s phone records or secret orders to kill an American suspected of terrorism — especially coming from a president who once promised transparency and accountability.

The administration has now lost all credibility on this issue. Mr. Obama is proving the truism that the executive branch will use any power it is given and very likely abuse it. That is one reason we have long argued that the Patriot Act, enacted in the heat of fear after the Sept. 11, 2001, attacks by members of Congress who mostly had not even read it, was reckless in its assignment of unnecessary and overbroad surveillance powers.

Based on an article in The Guardian published Wednesday night, we now know that the Federal Bureau of Investigation and the National Security Agency used the Patriot Act to obtain a secret warrant to compel Verizon’s business services division to turn over data on every single call that went through its system. We know that this particular order was a routine extension of surveillance that has been going on for years, and it seems very likely that it extends beyond Verizon’s business division. There is every reason to believe the federal government has been collecting every bit of information about every American’s phone calls except the words actually exchanged in those calls.

Read more:  http://www.nytimes.com/2013/06/07/opinion/president-obamas-dragnet.html?hp&_r=0

House, Senate Approve ‘Fiscal Cliff’ Bill

Official portrait of United States House Speak...

Official portrait of United States House Speaker (R-Ohio). (Photo credit: Wikipedia)

Editor’s note:  Well it’s about damn time!

WASHINGTON — Congress’ excruciating, extraordinary New Year’s Day approval of a compromise averting a prolonged tumble off the fiscal cliff hands President Barack Obama most of the tax boosts on the rich that he campaigned on.  It also prevents House Republicans from facing blame for blocking tax cuts for most American households, though most GOP lawmakers parted ways with Speaker John Boehner and opposed the measure.

Passage also lays the groundwork for future battles between the two sides over federal spending and debt.

Capping a holiday season political spectacle that featured enough high and low notes for a Broadway musical, the GOP-run House voted final approval for the measure by 257-167 late Tuesday.  That came after the Democratic-led Senate used a wee-hours 89-8 roll call to assent to the bill, belying the partisan brinkmanship that colored much of the path to the final deal.

Read more:  http://readingeagle.com/article.aspx?id=440254

Economy Remains Issue That Will Occupy U.S. Lawmakers, Several Observers Note

A nasty election season that ends with close results is not going to clear the muddy waters of American political discourse.

Many people likely thought that on Wednesday as the nation once again focused on serious yet divisive problems like the national debt and implementation of the Affordable Care Act.

The election gave President Barack Obama a second term but left control of the Senate and the House divided between Democrats and Republicans.

“The public re-upped on divided government,” said Glenn W. Richardson Jr., an associate professor of political science at Kutztown University.

Read more: http://readingeagle.com/article.aspx?id=426030

Lack Of Presidential Ads Signals Pennsylvania Less Of A Swinger

Not so long ago, Pennsylvania stood unquestionably as a swing state, one presidential candidates of both major parties thought they could win.

Democratic candidates knew they had to win the state to get elected. Republican candidates knew that if they won it, they would likely be president.

Maybe Republican nominee Mitt Romney still really believes he can win Pennsylvania, but with the decision by the presidential campaigns and their affiliated super PACs to stop advertising on television in Pennsylvania after Labor Day, the state is President Barack Obama’s to lose.

As a result, the Keystone State is second-tier in importance behind states such as Florida, Ohio, Colorado, Virginia and even Wisconsin, which hasn’t voted for a Republican for president in even longer (1984) than Pennsylvania (1988).

Read more:

http://thetimes-tribune.com/news/lack-of-presidential-ads-signals-pa-less-of-a-swinger-1.1374266

Amid A Storm Of Controversy, A Fallen Weiner Resigns And Enters Rehab

Anthony Weiner

Image via Wikipedia

What’s up with all the sex addictions lately????  Anthony Weiner has entered rehab (probably under the advice of Ed Rendell, M.D.) to hopefully get a grip on his sex addiction and learn a few things about social media and what not to tweet!

Weiner notified Nancy Pelosi that he intended to give up his U.S.Congressional seat.  Pelosi has been one of many Democrats, including POTUS Barack Obama, calling for Weiner to resign.  This once rising star of Democratic politics has hit rock bottom.  Last July, former POTUS Bill Clinton officiated at his wedding and now Democratic leaders cannot distance themselves from him fast enough.  The Democratic leadership is afraid of how this scandal could hurt their chances in 2012.

It is hard to feel sorry for a grown man who does not have the self-control not to tweet or text pictures of his anatomy.  Especially a newly married man who’s wife is expecting their first child.  Hopefully Weiner will develop some more appropriate hobbies as the result of his stint in rehab.

Today, Weiner held a news conference in Brooklyn and officially resigned.  He appropriately blamed himself for the predicament he “created”.  Unlike politicians in Pottstown, who do inappropriate things and say they are “passionate”, Weiner took responsibility for his error in judgment.  I at least give the guy credit for that!