It’s the weekend of May Day, a holiday with ancient roots and a modern history that is celebrated around the globe to honor both the international labor movement and the annual rebirth of the natural world. Or rather, a holiday celebrated around the globe in every country but one. You get exactly one guess, and one chance to explain why. Labor Day in the United States, that BBQ-flavored holiday that adds one last day to so many summer vacations, was specifically created (according to some historians) by President Grover Cleveland in order to separate America’s working class from its brothers and sisters around the world.
White House struggles to explain weak economy as Obama boasts of job growth – Washington Times
The White House labored Thursday to explain a first-quarter economic report showing the weakest growth in two years, even as President Obama was trumpeting his mastery of the economy in a New York Times Magazine interview.The Department of Commerce reported that U.S. gross domestic product rose 0.5 percent in the first quarter of 2016, the third straight sluggish start to a year.
Consumer spending and business purchases both fell, continuing trends that could have ominous implications for Hillary Clinton’s presidential campaign as she tries to claim the mantle as Mr. Obama’s successor.
In 1 Out Of Every 5 American Families, Nobody Has A Job
If nobody is working in one out of every five U.S. families, then how in the world can the unemployment rate be close to 5 percent as the Obama administration keeps insisting? The truth, of course, is that the U.S. economy is in far worse condition than we are being told. Last week, I discussed the fact that the Federal Reserve has found that 47 percent of all Americans would not be able to come up with $400 for an unexpected visit to the emergency room without borrowing it or selling something. But Barack Obama and his minions never bring up that number. Nor do they ever bring up the fact that 20 percent of all families in America are completely unemployed. The following comes directly from the Bureau of Labor Statistics…
19 Facts That Prove Things In America Are Worse Than They Were Six Months Ago
Has the U.S. economy gotten better over the past six months or has it gotten worse? In this article, you will find solid proof that the U.S. economy has continued to get worse over the past six months. Unfortunately, most people seem to think that since the stock market has rebounded significantly in recent weeks that everything must be okay, but of course that is not true at all. If you look at a chart of the Dow, a very ominous head and shoulders pattern is forming, and all of the economic fundamentals are screaming that big trouble is ahead. When Donald Trump told the Washington Post that we are heading for a “very massive recession“, he wasn’t just making stuff up.
We are already seeing lots of things happen that never take place outside of a recession, and the U.S. economy has already been sliding downhill fairly rapidly over the past several months.
With all that being said, the following are 19 facts that prove things in America are worse than they were six months ago…
CEO of 2nd Largest French Bank “More Worried Than in 2009” | MishTalk
Francois Perol, CEO of BPCE, France’s second-biggest bank, is more worried now than he was in 2009. “It was 100 percent clear what had to be done in 2009,” said Perol, who cited negative interest rates, China, regulations, and a global slowdown as current worries. BPCE is the result of a 2009 merger of cooperative banks Banque Populaire and Caisse d’Epargne, with state aid, to prevent the collapse of their investment banking arm Natixis.