Saturday, October 20, 2012

Barack Obama - #4311 - California Official Whose Agency Under-Reported Unemployment Stats Was Obama Campaign Donor - Daily Caller (2) Weekly Jobless Claims Drop Proves to be Short-Lived - CNBC (3) Welfare Spending Shattering All-Time Highs - Heritage Foundation

Marty Morgenstern, the secretary of the California agency that substantially under-reported unemployment claims last week, contributed to President Barack Obama’s 2008 presidential election campaign, The Daily Caller has learned. On Oct. 11, the federal government reported that weekly jobless claims were down significantly, suggesting a dramatic national increase in economic growth and a steep decline in layoffs. Jobless claims, according to the Labor Department, had fallen by 30,000 to 339,000, their lowest level since February 2008. The good news for the Obama administration spread quickly, with outlets like CNN and Bloomberg declaring, “Jobless claims fall to four-year low.”......Early Thursday, the federal government finally revealed that California had, in fact, under-reported jobless data, skewing the national jobless claims results. This week’s updated jobs report corrected the error and showed unemployment claims spiking back up by 46,000 to 388,000.......According to campaign disclosure records, Morgenstern donated $4,600 — the maximum amount allowed by law — to the 2008 Obama camapaign, beginning with a $1,000 contribution to Obama for America in February 2008. Morgenstern followed up that donation with a $1,300 contribution in June, and then a $2,300 payout in early September. On all three disclosures, Morgenstern indicated that he was either ”not employed” or “retired.” According to the Sacramento Business Journal, however, Morgenstern was employed since 2003 as a consultant for the liberal University of California education system. California officials have denied wrongdoing.  Read more.....


Weekly Jobless Claims Drop Proves to be Short-Lived - CNBC - 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. The Labor Department says the four-week average of applications, a less volatile measure, fell slightly to 365,500, a level consistent with modest hiring. Last week, California reported a large drop in applications, pushing down the overall figure to the lowest since February 2008. This week, it reported a significant increase as it processed applications delayed from the previous week. (Read More: Why Jobless Claims May Not Be as Good as Market Thinks) A department spokesman says the seasonally adjusted numbers "are being distorted ... by an issue of timing." Read more.......

Welfare Spending Shattering All-Time Highs - Heritage Foundation It’s been a pretty big year for welfare—and a new report shows welfare is bigger than ever. The Obama Administration turned a giant spotlight on the welfare system in July when the Department of Health and Human Services (HHS) proclaimed it had the authority to gut the work requirements from the welfare reform that had helped lift so many people out of poverty after 1996. This morning, a new report by the nonpartisan Congressional Research Service (CRS) shows the staggering reality of the growing welfare state—echoing Heritage’s own research that reveals welfare spending is approaching the $1 trillion mark. Roughly 100 million people—one-third of the U.S. population—receive aid from at least one means-tested welfare program each month. Average benefits come to around $9,000 per recipient. If converted to cash, means-tested welfare spending is more than five times the amount needed to eliminate all poverty in the United States. Despite the fact that welfare spending was already at record levels when he took office, President Obama has increased federal means-tested welfare spending by more than a third. Read more.......

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