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The Obama Legacy - Week 201

When we look at the job loss numbers for this week, please remember that there is a real person and real family behind each of these numbers.

As I write this we are entering into the Christmas season and it is snowing outside. While we sit in our warm homes and get ready for the parties and family gatherings that will soon take place it is important to not forget the reason for the season.

The Boy Scouts are outside raking leaves in the snow for one of our neighbors in town today. Many of you are involved in your Church or other community service programs raising money, collecting gifts or rehersing plays. Helping others is an American tradition.

When we look at the job loss numbers for this week, please remember that there is a real person and real family behind each of these numbers. Losing one's job is hard, especially during the holiday season.

Please continue to support the Friends of Families in Transition and Northborough Food Pantry. You will help bring joy to a family with your contributions.

 

This is week 201 of Barack Obama's Presidency

44 Companies announced layoffs

15,207 people were laid off

52 Companies went out of business

6 Companies went into bankruptcy

 

November 2012 (Month to date)

214 Companies announced layoffs

138,002 people were laid off

410 Companies went out of business

50 Companies went into bankruptcy

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Mike Long December 05, 2012 at 02:08 AM
Ron, it is good to see you on the blogs again. I call foul on your blanket statement that Elephants do not produce citations which implies that the Donkeys always do. I thought that we were not supposed to stereo type people. This kind of statement is bait designed to start a flame war which I will not participate in. By the way, in FL where I grew up, I had to check the box "Other" for race so I know a little bit about living in a diverse community. If you serious about looking at trend lines I would suggest that you investigate the historical tax rates vs. actual dollars collected by the US Treasury over the past 100 years. You will find that raising taxes will do nothing to bring down the debt.
Mike Long December 05, 2012 at 02:09 AM
I get my figures from an aggregation of articles throughout the week. I will cite a few examples in my next post.
Mike Long December 05, 2012 at 02:25 AM
Linda, the healthcare and biomedical sectors of the economy have been receiving a lot of funding over the past 5 years. Boston has a very strong presence in those areas. Also you look at education industry and you see that the cost of tuition has been rising a lot faster than the inflation rate. This means colleges and universities are not affected by the economic downturn. The State of Massachusetts has a huge education industry. Combine healthcare and education industries and we have been fortunate to have been insulated from the economic woes other parts of the country have suffered. Nice try on the insult but it fails to have the affect you would like. I have become immune to name calling over the past few years. You can leave the personal insults out the next time you comment and just stick to the points you want to make. You actually had some decent counterpoints that are worthy of discussing and they should not be drowned out in a flame war that personal insults are designed to start.
Mike Long December 05, 2012 at 02:31 AM
Thank you, it is nice to know that there are people who appreciate my blogs.
Will Oliveira December 05, 2012 at 02:42 AM
Mike, what truth would you have me acknowledge? That the economy is getting better and has so since the Great Recession ended? It seems that you have a distorted vision of what the economic data revelas because of your apparent irrational hatred for President Obama. To suggest that you even have a clue of what the "Obama Legacy" will be, as your opinion piece alludes to, is an imagined grandiosity of self importance.
Linda Worthy December 05, 2012 at 03:04 AM
I don't think you should be telling me what to stick to. A flame war...the title and content of your posts invite flames. As someone asked on an earlier post by you, "Did nothing positive happen last month?" Your posts, lacking both citation and historical perspective, insult our intelligence. Here's some positive news for you: "NEW YORK (Reuters) - Home prices posted their biggest annual jump in more than six years in October in a sign the housing sector continues to recover, data analysis firm CoreLogic said on Tuesday. CoreLogic's home price index rose 6.3 percent compared to October a year ago, the biggest increase since June 2006 and the eighth consecutive increase in home prices nationally on a year-over-year basis, CoreLogic said." And sources: http://tinyurl.com/ca5xmpj http://tinyurl.com/bj8swsv
Linda Worthy December 05, 2012 at 03:10 AM
And more positive news: "It’s been nearly 40 years since Volkswagen did as well. For Porsche, it was its best month. Ever. Nissan and its luxury brand Infiniti posted records of their own. After an unexpected setback just a month earlier, November appears to have delivered a new level of momentum for the U.S. auto industry – which now appears to be on track for an even bigger recovery in 2013. Sales in November were on pace to top an annual rate of 15 million vehicles, which would mark the highest level since the 15.5 million rate of February 2008. Automakers on Monday reported new-car sales figures and the news was good across the board." And a source! http://tinyurl.com/b3pxzqa
Ron Goodenow December 05, 2012 at 03:13 AM
Well Mike, I do appreciate your nice words about having me here. I was calling for a far more studied and clearly documented set of data and suggesting that one reason the GOP lost was that it did not do a good job of doing that. I did NOT say the other side was brilliant or even accurate. I thought Romney prevaricated fatally and a heck of a lot more. But he was supposed to bring down the Obama economic house of cards and that failed miserably (...were he CEO of a big corporation he would also be spending time with his wife, family and Cosco). In terms of taxes and debts. I would be happy to understand what I should be reading and what the trend lines look like. I believe that taxes are very low now and debt is very high. I believe that when Bush was 'elected' tax rates were higher and there was far less debt. This suggests to me that there are variables which are easily overlooked (like unpaid for wars, etc.). As for race, which you brought up, you guys blew it (due in part as well to your positions on women) on that big time....in Florida, Massachusetts and most of the country. I was just in California and the GOP is about dead there, in some part because of its position of race and immigration. Want to bring up side subjects? I am disgusted, as a person with a disability, with what your party did in the Senate today in the face of efforts by Bob Dole, Dick Lugar, John McCain, and many disabled vets. Gotta watch out for those black helicopters I guess.....
PREDATOR December 05, 2012 at 03:28 PM
If the economy is doing so well now....why is it that taxes must be raised at all? Please let me know what I am missing. Assume a stable tax rate....as the economy worsens less money changes hands and thus tax revenues decline.....but now the economy is so much better....and more money is changing hands....tax revenues increase....right? Please....which is it....
Chris L. December 05, 2012 at 04:54 PM
HAHAHAHA. Linda, this is silly, and misleading. Other than the sales and service people here in the States at the VW Auto Group's dealerships, where is the gain for the American economy? The VW Group also owns Porsche, so by telling us VW and Porsche are doing well, you were a little redundant. Again, where are Infinitis, Nissans, Porsches, and VWs made?? And other than sales and services sectors, how is this helping the American economy? Your post paints a very positive picture for Germany, though, so there's that.
Linda Worthy December 05, 2012 at 07:53 PM
Chris L -- the one and only response I will ever make to you is that you should be banned from Patch. I read your posts where you researched another poster and made physical threats -- in effect you said to someone else: "Let's meet up and see whether your college education or my blue collar/military background wins out. Don't worry, you'll have ObamaCare to fall back on." I'll make no further responses to any one who makes such comments.
Chris L. December 05, 2012 at 07:58 PM
It works better if you hit "reply". So it seems that you are another "Party of Inclusion" member who only believes in such nonsense if we agree with YOUR line of thinking. Ironic that your last name is "Worthy", since you see others as unworthy of speaking to you. I wonder, your ideology mirrors Dave's...your coming to Dave's defense by taking the time to go back into an old article and paraphrase what I said....Are you really Dave? Again, you're deflecting sweetie. I brought out facts, you fired back with "I don't have to answer that because you were mean to my friend." Hope and Change, indeed.
Scum Of The Earth December 05, 2012 at 11:55 PM
Mike, you must remember that there is no room for people who have contrary opinions. They are to be ridiculed, scorned and demonized. How dare you question the Democratic party? How dare you differ with the party agenda! Now hurry up and get to work, those illegal immigrants children who are going to state colleges on your dime need you out there working hard so they don't have to.
David Nolta December 06, 2012 at 05:52 AM
Has it only been 201 weeks--a mere 47 months--since President Obama began putting the country back together again after the disastrous 96-month regime--the 416-week "legacy"--of that other man we must never mention, whose ruinous wars and tax policies and corrupt circle of advisers swiftly fade into ancient history? Has it only been 3.8 years since President Obama was first inaugurated? It seems to me he has accomplished so much in that time. That is probably why 63,714,092 people--a clear and significant majority of voting Americans--re-elected him. One month, which is to say, four weeks, or, if you prefer, about thirty or so days, ago, depending upon when you read this, if you do. And as for you, Chris L., I've told you before that I'm not worthy to be Linda, whoever she--or for that matter, any of us--may be. Now behave yourself, and stop summarizing other people to serve your own arguments--stop summarizing them, period--and stop patronizing people, and trying to make everybody unhappy. Why not, before you post, take a deep breath, and ask yourself, "Is this a nice way to get my point across? Or is it a way that guarantees a proliferation of anger and ill-will?" Well, Chris L.? As it is, you do rather come off as something of a big meanie.
Chris L. December 06, 2012 at 02:01 PM
Again David, any "drama" between you and I was just that...between you and I. Any "meanness" Linda may or may not experience, she brought upon herself. But since she jumped to YOUR defense, maybe you can jump to hers....please, tell me where in her post anything positive about the US economy was stated. I seem to have stymied her, and she resorted to calling me a meanie. Is that how it works over there on the Left? We can't have constructive conversation because I was mean one time?
Jim O'Connor December 06, 2012 at 03:01 PM
per cnn money: s&p 500 index up 27.35% for last 3 years up 12.1% ytd. Corporate America doing just fine under the "socialist" some love to hate.
Jim O'Connor December 07, 2012 at 02:04 PM
per nbcnews.com: The unemployment rate dropped to 7.7 percent in November, the lowest in four years, as the U.S. economy generated a stronger-than-expected 146,000 jobs, the Labor Department said Friday....“It looks like the job market is holding firm,” said Mark Zandi, chief economist at Moody’s Analytics. “That’s encouraging in light of all the fiscal uncertainties.”
PREDATOR December 07, 2012 at 03:15 PM
Great news....more folks on the books = more revenue for the government....why raise taxes? Or if low taxes are helping to create jobs....why look to increase them?
Jim O'Connor December 07, 2012 at 04:56 PM
The purpose of raising taxes is to pay for things that we want. Deficts indicate we haven't been generating enough revenue to pay for the things we want. Some wanted a war in Iraq. The war needs to be paid for. Some wanted prescription drug coverage. Needs to be paid for. Some want roads and bridges. Roads/bridges need to be paid for. etc. etc.. etc.
PREDATOR December 07, 2012 at 05:10 PM
Agreed....but don't tax revenues increase as the economy improves?
PREDATOR December 07, 2012 at 06:02 PM
Simply asked....why risk the improving economy AND the improving tax revenues?
Jim O'Connor December 07, 2012 at 06:09 PM
You seem to be advocating for supply side economics or Reaganomics. What the first President Bush referred to as "vodoo economics."
PREDATOR December 07, 2012 at 06:16 PM
Not advocating anything.....just asking a simple question which has as of yet remained unanswered.
Jim O'Connor December 07, 2012 at 06:29 PM
I think you asked 2 questions: 1) "don't tax revenues increase as the economy improves" and 2) "why risk the improving economy AND the improving tax revenues." The first question implies a belief in supply side economics. I believe Bush was right when he referred to it as vodoo economics. The second question seems to assume that improving tax revenues and improving the economy are mutually exclusive. I don't believe they are.
Mike Long December 07, 2012 at 07:07 PM
If you search for revenue versus GDP you will find that the federal government collects approximately 18% of GDP as revenue no matter what the tax rate is. We can infer from this historical data that if we want to balance the budget the government must keep spending to 18% of GDP. Any spending above 18% will result in a deficit. So the real question is can America increase GDP to be 5 times that of current government spending? If it cannot then where does the budget need to be trimmed to match the revenue being received.
Ed Bertorelli December 07, 2012 at 07:27 PM
more good work Mike
SAM December 07, 2012 at 08:44 PM
SAM Jim, I don't mean to rain on your parade, but the labor department only counts those who have looked for a job within the last 4 weeks as unemployed. They do not count those who have simply dropped out of the labor force due to their unemployment benefits running out. They may have created 146,000 jobs, but when when surveyed households, it came up with 350,000 who had dropped out of the workforce. As usual, the government media likes to put a positive spin on things.
Jim O'Connor December 07, 2012 at 08:44 PM
Well Mike you don't provide a source for your statement that the federal government collects approximately 18% of gdp so its hard to tell whether or not its true, but assuming it is true and assuming govt. spending has been in excess of 18%, and assuming you are opposed to deficits, where would you cut? How much would be saved by the cuts you propose? What would the consequences be? Do you believe there should never be deficit spending by the fed govt.?
Chris L. December 07, 2012 at 09:14 PM
Farewell, children. It seems people like Linda are still upset about things that happened to other people...2 weeks ago. I got a nastygram and have decided that I may have to play by double standards in other areas of life, but I won't stand for it here. You are all very very brave people when the only thing in your face is a keyboard. Good luck to all of you(not really, just thought I'd end on a positive note.)
43 year resident December 07, 2012 at 10:08 PM
I should have read-on for other replies before I researched my answer to this as others had similar replies. Porsche and Volkswagen are German Companies and Nissan is Japan. How would their great sales numbers really help the U.S.A. With quick analysis I found that Volkswagen employs 2000 people in the USA, not too many for all the money we spend on their cars.

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