True to form....Obama stiffs restaurant for Father's Day Meal

Somehow, this should not be surprising to anyone....after all, he likes leaving everyone else to pick up the tab for his failures....He asks four men out for a Father's Day meal and then stiffs the restaurant.

What a piece of work

You just can't make this shite up.

From ABC NEWS

"Amid the bustle of President Obama’s surprise stop for barbecue Wednesday the White House apparently overlooked one key detail: the bill. Celebrating Father’s Day early, the president had lunch with two service members and two local barbers at Kenny’s BBQ on Capitol Hill.

As the group chatted about fatherhood, the president enjoyed a steaming plate of pork ribs with hot sauce, collard greens, red beans and rice and cornbread. The bill for the president and his four guests was $55.58, but was left unpaid at the point of sale, according to pool reports."

OMG...I concur

President Obama is the one who is "lazy"

The infantile idiot who has been keeping the chair warm in the White House for the last three years said that he feels that the United States has gotten a "little bit lazy" when it comes to bringing in new businesses in to the states.

Businesses have been hesitant to hire more workers due to excessively high costs and economic uncertainty. I feel businesses need to bring on more people and provide wage increases that have been missing for the past 3 years BUT the President has no room to call anyone in America " lazy " after his piss poor work ethic.

This lecturing fool has been on vacation more than any President in recent time and between him and his cow of a wife, they have been overtly lazy and wasteful with our tax dollars. If they think they can stand there and lecture Americans who have been working harder for much less over the three years of Obama's term, then they will find out how much free time they will have when the voters send Obama packing in November 2012.

Mr. President, the American people can do without your insults and lectures. Here's the opinion of a resident of Hawaii who wishes the President would stay away from Hawaii. Having been to Hawaii many times, I have to agree. Stay in Washington DC and do the work you are being paid for. YOU and your wasteful lecturing wife have had enough time off on the taxpayer's dime.

Hawaii Can Do Without President Obama's Style of Aloha

BY JAY ZABLAN - Hawaii Reporter - I just read the Hawaii Reporter article on the cost of President Barack Obama’s last Christmas vacation and wondered why he isn't more considerate of the costs he runs up every time he visits here. With America in such dire financial straits he still thinks nothing of spending a few million here or there, especially lately on his cross-country campaign jaunts and on Canadian buses.

I endured the Asia Pacific Economic Cooperation traffic snarls when I carelessly left my Honolulu condo to visit a friend in Wahiawa, and had to wait quite a bit while the Obama entourage passed last year in Kailua. And now he announces the “good news” that he’ll be back with his family AGAIN during the holidays.

I was furious when he claimed, “Americans have been lazy and need to do a better job of selling America”. Yet his own type of “laziness” was thoughtlessly evident in not asking leaders to wear the custom-made Hawaiian shirts for the APEC group photo shoot, which would have been seen worldwide and been a boon in promoting Hawaii. He just doesn’t get it.

I believe it would be a good time for a poll on how Hawaii residents feel about his multi-million dollar Hawaii vacation expenditures and the traffic delays he causes every time he visits. Many are already upset at him for dissing Hawaii and our Aloha shirt. Oh, and Hawaii is NOT Asia.

P.S. I would gladly sign an online petition asking him to please not come back here. Hawaii can do without his manner of “Aloha”.

Jay Zablan is a resident of Oahu

"Man of the People" Slick Mitt Romney to bulldoze $3.8 Million sea-side home to quadrupule it's size

Glad to see the economy isn't slowing Slick Mitt down.....Is this what we need, a guy who has no real idea what it's like for the average American Family ?? We already have a President like that now.....He's on Martha's Vineyard living it up while families are trying to figure out how to keep food on the plate....including the families of our Servicemen & Servicewomen, many who don't make enough to keep the cupboards full....

Let's find a better candidate than Slick Mitt as we already have one elite idiot foisted on us by the Dems, we don't need another from the GOP ! Especially one who made his millions by closing businesses where average American held good jobs so Slick Mitt & his pals could move those jobs overseas.....

Romney plans to quadruple size of Calif. home
By Philip Rucker | The Washington Post – Sun, Aug 21, 2011

Republican presidential candidate Mitt Romney is planning to nearly quadruple the size of his $12 million California beachfront mansion.
Romney, a former Massachusetts governor and the nominal front-runner for the GOP’s 2012 presidential nomination, is planning to bulldoze his 3,009-square-foot home facing the Pacific Ocean in La Jolla, Calif., and replace it with an 11,062-square-foot home, according to the San Diego Union-Tribune.
The Union-Tribune reported late Saturday that Romney has filed an application with the city for a coastal development permit, but that no date has been set to consider the project.
A Romney campaign official confirmed the report, saying the Romneys want to “enlarge their two-bedroom home because with five married sons and 16 grandchildren it is inadequate for their needs. Construction will not begin until the permits have been obtained and the campaign is finished.”
In 2008, Republican presidential nominee John McCain was criticized and mocked when he said he was unsure how many houses he and his wife, Cindy, owned. The answer was eight.
Since then, perhaps sensing that the issue could be a liability for him, too, Romney began consolidating his real estate portfolio. Romney and his wife, Ann, sold for $3.5 million the 6,500-square-foot colonial home in Belmont, Mass., where they raised their sons. They also sold a 9,500-square-foot home at the Deer Valley ski resort near Park City, Utah, for close to its $5.25 million asking price, according to a 2010 Associated Press report.
The couple still maintain a vacation home along Lake Winnipesaukee in New Hampshire, as well as a townhouse outside Boston that they consider their primary residence.
Romney, who made part of his fortune as co-founder of Bain Capital, a private equity firm, and his wife have personal financial assets worth as much as $264 million, according to disclosure documents filed with the Federal Election Commission this month.
Romney’s campaign said “a more accurate range” of his estimated wealth is between $190 million and $250 million.
The Romneys have spent considerable time at their home in La Jolla, a wealthy beach enclave in San Diego. Two of their sons, Matt and Craig, as well as several grandchildren live in the area. And Ann Romney, who has multiple sclerosis, has access to horse-riding in California. She believes that riding and the warmer weather have a therapeutic effect.
The Romneys purchased the single-story residence at the end of a quiet cul-de-sac three years ago, according to the Union-Tribune. The Spanish-style home, facing a white sand beach, has three bedrooms and 41 / 2 bathrooms and was constructed in 1936. The newspaper reported that the home was once owned by former San Diego mayor Maureen O’Connor and her husband, Bob Peterson, founder of Jack in the Box, a fast-food chain.
At a book-signing in California last year, Romney told reporters that he bought the home because “I wanted to be where I could hear the waves. As a boy, we spent summers on Lake Huron and I could hear the crashing waves at night. It was one of my favorite things in the world. Being near the water and the waves was something I very badly wanted to experience again.”

Nanny State Crappola from FLOTUS....Like we need her advice...

I have two words for FLOTUS about her ideas of " DO AS I SAY NOT AS I DO." - The two words I have for her ain't " Happy Birthday " -

Do us all a favor and take a hike as YOU look like one who needs to lay off the Cheesburgers. What a Hypocrite....

"The only major beneficiaries of the recovery have been corporate profits and the stock market and its shareholders"

"The Horders" is not some reality show where we see a couple who has gathered too much stuff in their cramped quarters but rather the story of what businesses are doing in a period of record profits.

The heads of the corporations in questions are short sighted as the more they follow this path of grabbing profits and not sending that back to the workforce in the form of pay increases and benefits eventually (and likely already) have reached a tipping point where the workers (a.k.a. consumers) will not have the $$$ to spend on the goods and service which generate the profits.

Instead of allowing things to go along as they should, they are trying to strangle the very Golden Goose who supplies their profits. The Unions didn't help either as they are only interested in their own interests and that is not supporting workers but rather keeping things good for those in charge of the Unions. The Unions "use & abuse" the workers just like the businesses.

Northeastern economics professor Andrew Sum called the mismatch "historically unprecedented" and said it bodes ill for future growth..."Workers have no money, no purchasing power, so that's why consumption is not moving," he said.

A freshman economics student can tell you what happens next - The "GREED" factor causes the whole thing to stutter as the companies make it impossible for people to buy the new cars and other durable goods needed because they haven't been able to keep up with inflation. This is further evidence of the " I got mine" aspect in businesses and it will only result in prolonged recession and pain for the majority. The cost of gas and other consumer goods have risen steadily in the last two 1/2 years that the Feckless Fool in the White House has been in charge. This has happened on his watch and he is solely responsible for a failure to act.

And what does the Feckless Fool in the White House have to say about it??

" Time to eat your peas."- President Obama

Oh, and for the record, the Empty Suit and his family will still be going for their 10 day Martha's Vineyard Holiday (at taxpayers expense) even if the majority of Americans can't afford to have a vacation.

HEY, Mr. President - Have you ever heard the term, " Leadership by example ?" - No, I am SURE you haven't. He is the King of the " Do as I say, not as I do" set. And just for the record, he'll be on the government payroll for the rest of his life, regardless of how many people's lives he wrecked with his incompetence.

Companies churn out profits but not jobs

By Steven C. Johnson Reuters 24JULY2011

NEW YORK (Reuters) - The sluggish pace of hiring may be hobbling the U.S. economy, but it's not been holding back big U.S. companies' profits thanks to growth overseas and cost controls at home. And that's bad news for the more than 14 million Americans without jobs.

Big businesses would normally be desperate for surging job growth as it would feed into domestic demand but these aren't normal times. Massive growth opportunities overseas, especially in China and other buoyant Asian economies, have some of the largest American companies on track for record profits, even if they're businesses are mostly treading water in the U.S.

The message last week from the chief financial officer of one of the nation's industrial giants couldn't be clearer.

"We've driven all this cost out. Sales have come back, but people have not," said Greg Hayes, chief financial officer at United Technologies Corp. "It's the structural cost reductions that we have done over the past few years that have allowed us to see strong bottom-line results.

The company, the world's largest maker of air conditioners and elevators, said second-quarter profit rose 19 percent, and it is doing most of its hiring in emerging markets where demand for its products is growing fastest.

It isn't alone in seeing profits climb in the current earnings reporting season.

About 78 percent of companies in the benchmark S&P 500 index that have reported second-quarter earnings have beaten Wall Street expectations. Many benefited after slashing costs when the financial crisis hit and then keeping tight control on them even as sales recovered.

Economists say the ability to do more with less has helped create a two-speed U.S. recovery. The S&P 500 has doubled in value since the recession ended and per-share earnings are currently on track for a new annual record, while employment remains below the level seen in late 2008 when corporate profits troughed.

Employers added fewer jobs in June than at any time in the past nine months, and the jobless rate rose to 9.2 percent - not far below its level of 9.5 percent in June 2009 when the recession ended.

"We've never seen the kind of shedding of jobs that we saw in this recession. America's corporations have never been running so efficiently," said Ellen Zentner, senior U.S. economist at Nomura Securities in New York.

LITTLE WAGE GROWTH

What's more, workers have never claimed such a paltry share of real national income growth. Economists at Northeastern University in Boston recently found corporate profits captured 88 percent of income growth between the second quarter of 2009 and the fourth quarter of 2010.

Workers' take? Slightly more than 1 percent.

"The only major beneficiaries of the recovery have been corporate profits and the stock market and its shareholders," the study concludes.

The high jobless rate is also keeping wage growth severely restrained in the U.S., which is also good for profit margins.

Recent Department of Labor data showed unit labor costs edged up 0.7 percent in the year to March, though not enough to make up a 2.9 percent decline in the prior 12-month period.

Northeastern economics professor Andrew Sum called the mismatch "historically unprecedented" and said it bodes ill for future growth, especially given many companies are sitting on their cash rather than investing it.

"Workers have no money, no purchasing power, so that's why consumption is not moving," he said. By sitting on profits, firms are acting like earners "who take their money and stuff it in the mattress. That's happening across the economy."

U.S. economic growth slowed sharply in the first quarter and was expected to remain below 2 percent in the April-June period.

Some blamed that on high energy prices and supply shortages caused by Japan's earthquake and are betting on a rebound in the second half.

A July Reuters poll put the median estimate for 2011 growth at 2.7 percent, down from 2.9 percent in 2010.

CHICKEN AND EGG

Businesses' ability to do more with the same or less -- what economists term increased productivity -- has been rising since the 1990s, thanks partly to technological advancements and the ability to tap markets in fast-growing, lower-cost developing countries.

Some of the most profitable firms are those with overseas markets. The largest U.S. conglomerate General Electric Co. tied its 21.6 percent rise in earnings partly to strong foreign demand for its heavy equipment, including jet engines and electric turbines.

In the United States, things are obviously different. Consumers are still trying to pay down large debts built up during the boom years, which suppresses spending and means there is little incentive for companies to hire.

"It's a chicken-and-egg thing -- whether demand or supply drives growth," Zentner said. "Studies show that lack of sales for small business is the biggest impediment to hiring."

Even companies selling basic consumer products are feeling the pinch as the jobless and those on low incomes watch the pennies. Pepsi Co Inc tempered its full-year outlook this week and said performance in its North American beverage business was worse than expected.

In the cost-conscious auto industry. General Motors Co's top U.S. sales chief, Don Johnson, told Reuters that its manufacturing managers have been "squeaking out extra units through improving line rates, adding on extra shifts". The company indicated it is in no hurry to build new factories or hire lots of new workers.

Uncertainty about future tax rates and policy, a by-product of the deadlock in Washington over whether to raise the country's borrowing limit and how to rein in a gaping budget deficit, has also made firms cautious, said Jacob Oubina, senior U.S. economist at RBC Capital Markets.

But Doug Cliggott, U.S. equity strategist at Credit Suisse, said investors and CEOs alike should probably prepare for more subdued earnings in the second half and beyond.

For one thing, growth abroad appears to be slowing as booming economies such as China and Brazil try to tame inflation. Heavy machine maker Caterpillar blamed slower U.S. and global growth for disappointing quarterly earnings on Friday.

And while U.S. interest rates are likely to remain very low for some time, companies won't be able to rely on massive federal spending, which Cliggott said also helped boost profits over the past two years.

(Additional reporting by Scott Malone in Boston, Nick Zieminksi in New York and Clare Baldwin in Detroit; Editing by Martin Howell)