Friday, September 28, 2012

Presidential Election 2012 - #4252 - VIDEO: New Romney Ad Hits Obama on Economy, the Poor, and Middle class Erosion - Hot Air (2) Taxpayers spent $1.4 Billion on Obama Family Last Year - DC Caller (3) 55% of Small Business Owners Would not Start Company Today, Blame Obama - Washington Examiner (4) Household Incomes Fall in August, Off 8.2% Under Obama, Investors.com (5) Low Wage Work Force Grows 30% as the Number of Jobs Shrinks - Chicago Sun Times (6) Durable Goods Drop Worst Since Recession - Reuters

New Romney Ad hits Obama on Economy, the Poor, and Middle Class Erosion - Hot Air - Team Romney and the RNC have begun taking up Barack Obama’s challenge about the poor and middle class — and are unrolling a new effort to point out Obama’s failure to improve the economy as needed for both to progress. Romney talks directly into the camera in this new 60-second spot, telling voters that while both candidates care about the poor and middle class, one of them has failed in four years to do anything significant to help either. More Americans now live in poverty than when the Obama recovery began, Romney says, and 15 million more people have become dependent on food stamps. “We shouldn’t measure compassion by how many people are on welfare,” Romney says. “We should measure compassion by how many people get off welfare and get a good-paying job.”


Taxpayers Spent $1.4 Billion on Obama Family Last Year - Daily Caller - Taxpayers spent $1.4 billion dollars on everything from staffing, housing, flying and entertaining President Obama and his family last year, according to the author of a new book on taxpayer-funded presidential perks. In comparison, British taxpayers spent just $57.8 million on the royal family. Author Robert Keith Gray writes in “Presidential Perks Gone Royal” that Obama isn’t the only president to have taken advantage of the expensive trappings of his office. But the amount of money spent on the first family, he argues, has risen tremendously under the Obama administration and needs to be reined in.  Read more.......

55% of Small Business Owners Would not Start Company Today, Blame Obama - Washington Examiner - Fifty-five percent of small business owners and manufacturers would not have started their businesses in today’s economy, according to a new poll that also reports 69 percent say President Obama’s regulatory policies have hurt their businesses. “There is far too much uncertainty, too many burdensome regulations and too few policymakers willing to put aside their egos and fulfill their responsibilities to the American people,” said Jay Timmons, president of the National Association of Manufacturers,  Read more.........

Household Incomes Fall in August, Off 8.2% Under Obama - Investors.com - In another sign that the economic recovery under President Obama is not producing gains for average Americans, median household incomes fell 1.1% in August to $50,678, according to a report released Tuesday by Sentier Research. Since the economic recovery started in June 2009, household incomes are down 5.7%, the Sentier data show, and they are down more than 8% since Obama took office. Read more ..........

Low Wage Work Force Grows 30% as the Number of Jobs Shrinks - Chicago Sun Times -
Low-wage workers in Chicago are better educated, older and rely more on that income these days to meet basic needs than 10 years ago. And there are substantially more of them. That’s according to a new report released by Chicago-based Women Employed and Action Now Institute that shows nearly one in six low-wage workers here last year held a college degree. The report, authored by Marc Doussard, assistant professor in the University of Illinois at Urbana-Champaign’s Department of Urban and Regional Planning, defines low-wage workers as those making $12 an hour or less. The report revealed the share of payroll employees ages 18 to 64 working in low-wage jobs rose from 23.8 percent in 2001 to 31.2 percent last year. That’s a more than a 30 percent rise in the proportion of such workers.  Read more........

Durable Goods Drop Worst Since Recession - Reuters - New orders for long-lasting U.S. manufactured goods in August fell by the most in 3-1/2 years, pointing to a sharp slowdown in factory activity even as a gauge of planned business spending rebounded. The Commerce Department said on Thursday durable goods orders dived 13.2 percent, the largest drop since January 2009, when the economy was in the throes of a recession. Orders for July were revised down to show a 3.3 percent increase instead of the previously reported 4.1 percent gain.  Read more.........

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