Posts Tagged ‘salary

06
Oct
14

The American Economy Is Growing? You Can Thank President Obama

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Bloomberg: Corporate U.S. Healthiest In Decades Under Obama With Lower Debt

Steve Wynn, founder of the Wynn Resorts Ltd. (WYNN) casino empire, once called President Barack Obama’s administration “the greatest wet blanket to business and progress and job creation in my lifetime.” Barry Sternlicht, chief executive officer of Starwood Property Trust Inc. (STWD), said Obamacare was driving down wage growth and “affecting spending and the desire to buy houses and everything else.” Corporate and economic statistics almost six years into his administration paint a different picture. Companies in the Standard & Poor’s 500 (SPX) Index are the healthiest in decades, with the lowest net debt to earnings ratio in at least 24 years, $3.59 trillion in cash and marketable securities, and record earnings per share. They are headed this year toward the fastest average monthly job creation since 1999, manufacturing is recovering and the U.S. has returned as an engine for global growth. The recovery, which stands in contrast to weak growth in Europe and Asia, has underpinned an almost threefold gain in the Standard & Poor’s 500 Index since March 2009.

“The U.S. is leading the way — we’re the only major economy with accelerating growth,” said Mark Zandi, chief economist in West Chester, Pennsylvania, for Moody’s Analytics Inc. and a registered Democrat who has advised both the Obama administration and Senator John McCain, a Republican. “Obama deserves some credit for that, but he probably won’t get it.” Barring any major disruptions, the economy is setting up for Obama to leave office on a high note, said Douglas Brinkley, a presidential historian and professor at Rice University in Houston. “History will eventually show that Obama inherited the Great Recession and resuscitated the economy,” Brinkley said in an interview. One example is General Motors Co. (GM), which last week regained its investment-grade debt rating from Standard & Poor’s only five years after the government-backed bankruptcy. Obama’s $49.5 billion bailout of the automaker in exchange for taxpayers owning 61 percent of the company kept it from being liquidated, an outcome that could have crippled parts suppliers and economies throughout most of 50 states, not just the Midwest. In the broader economy, consumers are buying again and homebuilding is increasing. The unemployment rate has declined to 6.1 percent, the lowest since 2008. The economy expanded at a 4.6 percent annualized rate in April through June. Obama’s 2010 health-care program will hold down consumer prices for years to come as millions of Americans obtain coverage, BNP Paribas SA and Credit Suisse Group AG said. The “Medicare cost miracle” resulted at least in part from Obama’s Patient Protection and Affordable Care Act, Nobel-Prize winning economist Paul Krugman wrote in a Sept. 1 New York times article.

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9.26.14

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Steve Benen: Economic Growth Improves To Eight-Year High

The preliminary figures on second-quarter GDP looked good; the revised tally looked better; and the final report looks even better still. The U.S. economy grew at a 4.6% annual pace in the second quarter, matching the best performance since the recession ended in mid-2009. The increase in real gross domestic product was revised up from 4.2%, mainly because of higher exports and business investment, the Commerce Department said Friday. Americans also spent more on health care, but the gain was offset by lower spending on other services. Economists polled by MarketWatch had predicted GDP would be revised up to a seasonally adjusted 4.7%. Consumer spending, the main source of economic activity, was unchanged at 2.5% growth. The biggest gains came in business investment, a good sign for the economy in the months ahead. To provide some additional context, 4.6% growth is tied for the best quarter since the start of the Great Recession.

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29
Sep
14

More Positive Economic News? Thanks, President Obama

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NYT: Business Spending, Exports Spur Big Bounce In U.S. Economy

The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year. The Commerce Department on Friday raised its estimate of growth in gross domestic product to a 4.6 percent annual rate from the 4.2 percent pace reported last month. The United States is bucking a spate of weaker overseas growth with the euro zone and Japan slumping, and growth in China slowing as well. the expansion in consumer spending, combined with strong business investment,

was nevertheless enough to push domestic demand ahead at its fastest pace since 2010. That suggests the economy’s recovery is becoming more durable after output slumped at a 2.1 percent rate in the first quarter because of an unusually cold winter. So far, data covering manufacturing, trade and housing suggest that much of the second quarter’s momentum spilled over into the third quarter. Growth estimates for the July-September quarter range as high as a 3.5 percent pace. When measured from the income side, the economy grew at a 5.2 percent pace during the second quarter…export growth was raised to an 11.1 percent pace, the fastest since the fourth quarter of 2010, from a 10.1 percent rate.

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Jason Furman: Third Estimate of GDP For The Second Quarter Of 2014

1. Real gross domestic product (GDP) increased 4.6 percent at an annual rate in the second quarter of 2014, the fastest pace since the fourth quarter of 2011, according to the third estimate from the Bureau of Economic Analysis. The strong second-quarter growth represents a rebound from a first-quarter decline in GDP that largely reflected transitory factors like unusually severe winter weather and a sharp slowdown in inventory investment. Growth in consumer spending and business investment picked up in the second quarter, and residential investment increased following two straight quarters of decline. Additionally, State and local government spending grew at the fastest quarterly rate in five years. However, net exports subtracted from overall GDP growth, as imports grew slightly faster than exports.

Real gross domestic income (GDI), an alternative measure of the overall size of the economy, was up 5.2 percent at an annual rate in the second quarter. 3. Over the past four quarters, real GDP has risen 2.6 percent, faster than the 2.0 percent annualized pace observed over the preceding eight-quarter period. Looking at four- and eight-quarter changes to smooth some of the quarter-to-quarter volatility, it is clear that many components of GDP are showing improvement. The growth rates of consumer spending, business investment and exports have all picked up, and the pace of declines in the Federal sector have moderated a bit. In addition, the State and local government sector has turned positive, after several years of steady cutbacks. One area that has slowed over the last four quarters is residential investment, although it did rebound in the second quarter.

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28
Aug
14

Democrat + Forward Thinking Policies = Growing Economy

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Yahoo: Economy In U.S. Expands 4.2%, More Than Previously Forecast

The biggest gain in U.S. business investment in over two years helped the world’s largest economy expand more than previously forecast in the second quarter, raising expectations for the rest of 2014. Gross domestic product, the value of all goods and services produced, rose at a 4.2 percent annualized rate, up from an initial estimate of 4 percent and following a first-quarter contraction, Commerce Department reported today in Washington. Other reports showed the outlook for home sales improved in July, fewer people filed claims (INJCJC) for jobless benefits last week and consumer confidence climbed. Recent data showing American factories are receiving more orders and employment is picking up indicate companies such as General Electric Co. (GE) will probably see demand sustained into the second half of the year. “The recovery is becoming more well-entrenched,” said Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida, who correctly projected the gain in GDP.

“There is more optimism among businesses about increased demand. The drop in firings is probably helping Americans feel more secure in their jobs. The Bloomberg Consumer Comfort Index rose in the week ended Aug. 24 to the highest level in more than a month as views of household finances advanced to an almost four-month high, another report showed. Household consumption, which accounts for about 70 percent of the economy, grew at a 2.5 percent annualized rate, the same as previously estimated. Automobile sales near an eight-year high bode well for consumer spending and factory production. Consumers’ purchasing power improved, with disposable income adjusted for inflation rising at a 4.2 percent from April through June after a 3.4 percent gain in the first quarter. Gross domestic income, which reflects all the money earned by consumers, businesses and government agencies climbed at a 4.7 percent annualized rate in the second quarter, the most since early 2012. More hiring and stock-market gains that are boosting confidence also are healing household finances, which will help consumer spending. Payrolls in July marked the sixth month of gains exceeding 200,000, the longest such stretch since 1997, according to the Labor Department.

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Jason Furman: Second Estimate Of GDP For The Second Quarter Of 2014

1. Real gross domestic product (GDP) increased 4.2 percent at an annual rate in the second quarter of 2014, according to the second estimate from the Bureau of Economic Analysis. The strong second-quarter growth represents a rebound from a first-quarter decline in GDP that largely reflected transitory factors like unusually severe winter weather and a sharp slowdown in inventory investment. Growth in consumer spending and business investment picked up in the second quarter, and residential investment increased following two straight quarters of decline. Additionally, state and local government spending grew at the fastest quarterly rate in five years.

3. Over the last four quarters, real GDP has risen 2.5 percent, faster than the 2.0 percent annualized pace observed over the preceding eight-quarter period. Looking at four- and eight-quarter changes to smooth some of the quarter-to-quarter volatility, it is clear that many components of GDP are showing improvement. The growth rates of consumer spending, business investment and exports have all picked up, and the pace of declines in the Federal sector have moderated a bit. In addition, the State and local government sector has turned positive, after several years of steady cutbacks. One area that has slowed over the last four quarters is residential investment, which is discussed in greater detail in the next point.

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24
Jun
14

President Obama’s Policies = Jobs! Jobs! Jobs!

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Paul Davidson: Local Government Hiring Picks Up

After laying off workers through most of the recovery, city and county governments are adding jobs at the fastest pace in five years, providing support for the economy’s overall payroll gains. Stronger economic growth is driving higher municipal revenue, allowing local governments to add police officers and firefighters, reopen shuttered parks and make long-deferred street repairs. “We’re beginning to see cities and towns coming out of the Great Recession,” says Neil Bomberg, a program director for the National League of Cities. Mark Zandi, chief economist of Moody’s Analytics, notes that total U.S. payroll gains have topped 200,000 each of the past four months.

Local governments are on more solid financial footing in part because of a gradual rise in home values that have boosted property tax collections, says Michael Pagano, dean of the college of urban planning and public affairs at the University of Illinois-Chicago. Earlier this year, Columbus, Ohio, passed an $807 million operating budget, its largest ever, that restores six recreation centers that had been open part-time to full-time status. The city’s finances have been stable since it raised its income tax to 2.5% from 2% in 2009, says Dan Williamson, spokesman for Mayor Michael Coleman.

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11
Apr
14

Rise and Shine

On This Day: First Lady Michelle Obama participates in an interview with Stephen Colbert during a taping of “The Colbert Report,” at the Colbert Report Studio in New York, N.Y., April 11, 2012 (Photo by Lawrence Jackson)

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Today (All Times Eastern)

11:0 President Obama announces the nomination of Sylvia Burwell to be HHS Secretary

12:15: First Lady Michelle Obama and Dr. Jill Biden Host a Joining Forces Caregivers Event

1:55: The President and First Lady depart the White House

3:05 Arrive New York City

4:10 The President delivers remarks at the National Action Network’s 16th Annual Convention

11:30 The President and First Lady depart New York

12:40 Arrives White House

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 Caitlin Macneal: Arkansas Free Clinic Closing, Citing More Insured Through Obamacare

A medical clinic in Mena, Ark. announced that it would be closing, citing a large drop in need for the clinic as people have signed up for health insurance under Obamacare. “Because people are qualifying for insurance coverage through the Affordable Care Act, also known as Obamacare, our free medical clinic will not be needed anymore,” Stacey Bowser, the director of the 9th Street Ministries Clinic, told the Mena Star.

“We’ve gone from seeing around 300 people a month on a regular basis, but as people were enrolling in Obamacare, the numbers we were seeing have dropped. We were down to 80 people that came through the medical clinic in February, all the way down to three people at the medical clinic in March. Our services won’t be needed anymore, and this will conclude our mission,” she continued.

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LA Times: Bank Of America To Pay $772 Million For Illegal Credit Card Practices

Bank of America Corp. has agreed to refund customers $727 million and pay $45 million in fines for illegal credit card practices, according to a settlement with federal regulators announced Wednesday. The refunds will go to as many as 2.9 million people who were deceived into signing up for products such as credit monitoring and identity theft protection or were improperly charged for such services, the Consumer Financial Protection Bureau said. The action was part of a crackdown by the bureau on deceptive marketing, enrollment and billing practices related to such so-called add-on products by credit card companies. Bank of America is the fifth financial services company to be hit with fines and refund orders.

“Bank of America both deceived consumers and unfairly billed consumers for services not performed,” said Richard Cordray, the bureau’s director. “We will not tolerate such practices and will continue to be vigilant in our pursuit of companies who wrong consumers in this market.” Bank of America agreed to the refunds and penalties without admitting or denying the allegations. In addition to the refunds, the bank will pay a $20-million civil penalty to the bureau and a $25-million civil penalty to the Office of the Comptroller of the Currency.

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Judy Peres: How Obamacare Affects Women’s Health

Meg Finnegan thought she might never be able to afford to have a baby. Finnegan, who is self-employed and has a pre-existing medical condition, was having trouble finding health insurance at all, let alone a policy that would cover pregnancy and childbirth. So she was thrilled to discover that the plan she signed up for last fall under the Affordable Care Act includes maternity coverage. “When you don’t have insurance, you’re afraid of any life event that brings you to the hospital, for a good or a bad reason,” said Finnegan, 37, an Evanston resident. “If I didn’t have insurance, I wouldn’t have a baby. All those doctor’s appointments and tests, and possibly a high-risk delivery — how would you pay for it?” A guarantee of maternity coverage — all new insurance policies must provide it — is just one of a basket of provisions in the federal health law that specifically benefit women. Other guaranteed services include preventive care, which must be covered with no out-of-pocket cost. For most plans, preventive care includes at least one annual “well-woman” visit, breast-feeding support, contraceptives and contraceptive counseling, annual mammograms and cervical cancer screening.

Women’s health advocates also expect women to benefit more from some provisions in the law that apply to people of either sex. For example, the expansion of Medicaid, as well as financial assistance in the form of tax credits and cost sharing, is expected to disproportionately benefit women, who are more likely than men to have low incomes. Insurers also are required to cover mental health screening and treatment, and women have higher rates of depression and other types of mental illness. Kathy Waligora of EverThrive Illinois (formerly the Illinois Maternal and Child Health Coalition) said she considers the law “a huge victory for women.” Finnegan, who said she has a rare condition called Behcet’s disease, is one of 129 million Americans with pre-existing conditions, which private policies generally did not cover before the health overhaul. Now, by law, insurers may not deny coverage or charge higher premiums on the basis of health status. “I couldn’t get insurance,” said Finnegan, who owns TruFit Personal Training Studio in Evanston. “I tried five different companies. One offered me a policy for $850 a month with a huge deductible and terrible coverage — nothing related to my condition. But all my medical costs are related to that, so basically it meant no coverage.” At the same time, many insurance plans used to consider pregnancy, cesarean section, and even domestic violence and sexual abuse as pre-existing conditions.

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USA Today: Man Cleared Of NYC Murder After 25 Years In Prison

A man who spent almost a quarter-century behind bars for murder was freed Tuesday and cleared of a killing that happened when he was 1,100 miles away on a Disney World vacation. Jonathan Fleming was in tears as he hugged his lawyers and family in a Brooklyn courtroom. Relatives said, “Thank you, God!” after he was freed. “After 25 years, come hug your mother,” she said, and he did. Defense attorneys and prosecutors asked a Brooklyn judge to dismiss Fleming’s conviction in the 1989 shooting. A key eyewitness recanted, new witnesses have implicated someone else and a review by prosecutors turned up a hotel receipt putting Fleming in Florida hours before the killing, defense lawyers Anthony Mayol and Taylor Koss said.

“He is elated and stunned, while tempered by the fact that he realizes that this is just the first step in getting his life back,” Koss said before the hearing. Fleming had plane tickets, videos and postcards from his trip, his lawyers said, but authorities suggested he could have been in New York at the actual time of the shooting, and a woman testified that she had seen him shoot Rush. The exoneration, first reported by the New York Daily News, comes amid scrutiny of Brooklyn prosecutors’ process for reviewing questionable convictions — scrutiny that comes partly from the new DA Kenneth Thompson himself. He unseated longtime DA Charles “Joe” Hynes last year after a campaign that focused partly on wrongful convictions on Hynes’ watch. Hynes had created a special conviction integrity unit to review false-conviction claims, but some saw the effort as slow-moving and defensive.

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Jim Puzzanghera: Small-Business Optimism Rebounds As Winter Ends, Survey Says

Small-business owners were more optimistic about the economy last month and expected sales to increase as a winter marked by severe weather ended, according to survey results released Tuesday. The confidence index from the National Federation of Independent Business rose to 93.4 in March, from 91.4 the previous month. The measure is one of the few monthly barometers of the small-business sector, which is a key driver of the economy.

About 12% of the those surveyed said they expected higher sales volumes during the next three months, up 9 percentage points from the February survey. Hiring also improved last month. Small-business owners reported increasing their payrolls by an average of 0.18 workers in March, up from 0.11 the previous month. It was the sixth straight month the survey showed an increase in hiring.

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Igor Volsky: Kathleen Sebelius’ Biggest Achievement Is The One No One Is Talking About

Kathleen Sebelius wasn’t President Obama’s first choice to run the Department of Health and Human Services and oversee the passage and implementation of health care reform. But after Sen. Tom Daschle (D-SD) dropped out, Obama tapped the two-term Kansas governor and former state insurance commissioner. Sebelius didn’t have much D.C. experience, but had an impressive track record of working across the aisle as a Democratic governor in a red state. And while the united GOP opposition to health legislation eventually overwhelmed any goodwill Sebelius had built up within the Republican party and the rocky rollout of Obamacare has come to dominate the discussion of her tenure as secretary, that bipartisan quality proved essential to the implementation of the law. Sebelius leaves the office having enrolled some 10 million people in health care coverage. This was only possible because she convinced numerous Republican lawmakers in bright red states to extended health care coverage to the poorest Americans. No one is talking about it, but it is her biggest and most impressive achievement as secretary.

In the aftermath of the Supreme Court’s 2012 decision invalidating Obamacare’s compulsory Medicaid expansion, most Republican-controlled states refused to extend health care coverage to residents below 133 percent of the poverty line. But Sebelius traveled the country, urging Republican governors to reconsider. As of today, eight GOP-controlled states have approved expansion — in no small part because of the flexibility Sebelius and her team provided. The flexibility extended beyond Medicaid. Sebelius and her team convinced red states to form partnership health care exchanges in which the federal government and the state would share responsibilities in running the marketplaces. They routinely presented GOP governors with information on all other state models and waivers, assuring them that they could customize reform to their specific state needs. As a result, several Republican-dominated states bucked the national party and chose to run their exchanges either on their own, or in collaboration with HHS.

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Josh Israel: Jindal Demands Congressman Resign Over Extramarital Kissing, But Defended Prostitute-Hiring Senator

Louisiana Gov. Bobby Jindal (R) called for Rep. Vance McAllister (R-LA) to resign his House seat, after a videotape surfaced of the freshman Congressman kissing a married woman who is not his wife. But in 2007, Jindal defended Sen. David Vitter (R-LA) when he was revealed to be a client of a DC prostitution service. Jindal released a statement on Thursday, calling McAllister’s behavior “an embarrassment” and suggesting that “the best way to get privacy and work on putting his family back together is to resign from Congress.” But seven years ago, then-Congressman Jindal made no such suggestion to the state’s U.S. Senator. After Vitter’s name appeared on the phone list for “D.C. Madam” Deborah Jeane Palfrey, he apologized for the “very serious sin in my past.” Yet Jindal’s response was to stand by Vitter

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Jonathan Cohn: Sebelius Resigns

On Thursday morning, Kathleen Sebelius testified before Congress and announced that Obamacare signups had reached 7.5 million people. On Thursday evening, news broke that Sebelius was stepping down as Secretary of Health and Human Services. Implementing Obamacare was never going to be easy. The law is full of compromises that, however politically necessary, weakened regulations and depleted funding that would have made introducing the new insurance system a lot easier. And Sebelius never had the kind of control a chief executive officer would. She was always dealing with a host of other players—from superiors at the White House to underlings at the Center for Medicare and Medicaid Services (CMS) to Democrats on Capitol Hill to lobbyists for the health care industry. And that’s to say nothing of her war with the congressional Republicans, who were trying actively to sabotage the law through repeal votes, funding cuts, and intimidation of would-be allies.

More important, the law seems to be working, despite all of those early problems. That 7.5 million figure she announced on Thursday is a genuinely big deal—particularly since, from what I hear, the final number is likely to be even higher. Sebelius can’t take all or even most of the credit for those successes, any more than she should take all or most of the blame for the law’s troubles. But her role in those achievements (and others, like improvements to Head Start and stronger regulations on child care safety) is also part of her record. To take one obvious example, Sebelius worked extensively with Republican governors who wanted to expand Medicaid in states with hostile conservative constituencies. Some of those efforts succeeded. The memories of Obamacare’s difficult start will certainly linger. But to the millions of people around the country who now have access to affordable medical care, I’m not sure that really matters.

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Fem Chat: 6 Things Washington Post’s Glenn Kessler Missed About The Gender Wage Gap

Glenn Kessler presents a very one-sided discussion of the wage gap in this April 9th “Fact Checker” post in which he increased President Obama’s rating on his use of wage gap statistics from one Pinocchio (in the 2012 campaign) to two—he should have lowered it from one to zero. President Obama has correctly used a long standing data series issued every year by the Census Bureau. The 77 percent wage ratio figure is an accurate measure of the inequality in earnings between U.S. women and men who work full-time, year-round in the labor market. Here are some other things to keep in mind about that statistic: 1) Kessler claims that President Obama uses the 77 percent wage ratio figure because it shows the biggest wage gap when other data series available from the Bureau of Labor Statistics show slightly smaller gaps.

Leaving aside how Kessler could get inside the President’s head and know why he picked a certain series, everyone who writes about this issue should know that this figure based on median annual earnings is the historical headline figure that allows the longest comparison across time. 2) Kessler claims that the other series—weekly or hourly earnings—are more accurate, but there is simply no basis for saying so. The 77 percent figure actually includes the broadest range of kinds of earnings; for example annual bonus payments are a big part of remuneration in some fields and are included in the 77 percent figure, but are excluded from the weekly or hourly earnings figures.

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Brian Beutler: The Right Searches For Obamacare Alternative, Finds Obamacare

The Affordable Care Act’s enrollment comeback has confounded conservatives in many ways. The realization that there happens to be popular demand for something as self-evidently grotesque as Obamacare has given rise to a palpable cognitive dissonance on the right. A growing recognition among Republicans that they can’t bank on organizing the midterm campaign around relentless Obamacare opposition has party elders looking at contingency plans (even if they haven’t exactly gone back to the drawing board). But most importantly, it has thrown the conservative health policy community for a loop, and completely wrong-footed Republicans in Congress who were hoping — against considerable odds and a well-worn historical pattern — to craft an Obamacare alternative that both passes the laugh test and doesn’t create a significantly lower level of welfare.

If enrollment had sputtered, that task would have been considerably easier. The fact it surged in March, and continues to grow today, measurably limits their options. If you accept (or acquiesce) to the need for a large coverage expansion and don’t want a single payer or substantial expansion of existing public systems, you need to make sure private insurers cover the sick, which means you need guaranteed issue and community rating — so that nobody is closed out of the system, and so that risk is spread across large populations, not assigned to individuals. But if you have those two things then you need a coverage requirement, so you’re not just spreading risk among old, sick people. And if you have that mandate, you need substantial subsidies — means tested or otherwise — so people aren’t required to purchase insurance they can’t afford. Of course, that’s just Obamacare.

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Bill Schneider: An Election Democrats Can Win

Obamacare versus Ryanomics. That’s the battle line for 2014. It’s also a battle Democrats can win. Why? Because most Americans are pragmatists. Pragmatists believe that whatever works is right. Ideologues believe that if something is wrong, it can’t possibly work — even if it does work. That’s the Republican view of Obamacare: It’s wrong, so it can’t possibly work. But it now looks like Obamacare may work. More than 7 million people signed up for health insurance by the March 31 deadline, meeting the Obama administration’s original goal. Senate Majority Leader Harry Reid (D-Nev.) said, “The Affordable Care Act, whether my Republican friends want to admit it or not, is working.” On April 1, Ryan came out with a 10-year budget plan involving massive cuts in popular federal programs like Medicare, Medicaid, food stamps, education, student loans and environmental protection.

Ryan’s proposal would eventually change Medicare — the most popular of all federal programs — from an insurance policy to a “premium support” program, where seniors would be given subsidies to purchase private insurance. GOP presidential nominee Mitt Romney proposed doing that in 2012. Look where it got him.  Democrats will run against Ryanomics. Republicans will run against Obamacare. Remember the rule of pragmatism: Whatever works is right. If Americans come to believe Obamacare works, they will be reluctant to throw it out. Especially the millions who will already have a stake in Obamacare. On the other hand, Ryan is threatening to do away with programs like Medicare that people know are working. Why? Because he and his fellow Republicans think those programs are wrong. Attacking programs that work is pure ideological bloodlust. And a losing battle for sure.

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Ann Sanner: About 106,000 Ohioans Enroll In Expanded Medicaid

More than 106,000 Ohioans have signed up for Medicaid under an expansion of the taxpayer funded health program, while thousands of others are waiting to hear whether they are deemed eligible. Republican Gov. John Kasich’s administration moved forward with extending Medicaid eligibility last fall under President Barack Obama’s health care overhaul. Coverage took effect Jan. 1. The safety-net program for the poor and disabled provides coverage for one of every five Ohioans. The Medicaid expansion allows those earning up to 138 percent of the federal poverty level to gain health care coverage. For a single adult, that’s about $16,104 a year. Ohio’s monthly report on Medicaid caseloads shows that 106,238 residents had enrolled under the extension as of March 31.

That’s about 29 percent of the roughly 366,000 newly eligible people estimated to sign up by the end of June 2015. Residents have been enrolling in Medicaid through the state’s new benefits website. Potential enrollees can use the site instead of visiting county Job and Family Services offices, where many low-income residents apply for food stamps, cash assistance and other public programs. More than 345,000 people have sought Medicaid coverage through the state’s benefit site since Oct. 1. About 65 percent of the applications have been resolved, while roughly 120,000 are still pending. Many of those cases await eligibility determinations by the state’s largest counties.

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@Politics_PR

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LOL GOP: 5 Ways Paul Ryan’s Budget Screws Seniors

Republicans often point out that Obamacare cuts Medicare Advantage and reforms the program. But they fail to mention, as Democrats often do, the benefits the president’s health law has given to current Medicare beneficiaries. The National Committee to Preserve Social Security and Medicare reports: The Centers for Medicare and Medicaid Services recently reported that since the passage of the ACA, over 7.9 million Medicare beneficiaries in the Medicare Part D donut hole have saved $9.9 billion on their prescription drugs, an average of $1,265 per person. Also, 37.2 million people with Medicare took advantage of at least one preventive service with no cost sharing, including an estimated 26.5 million people with traditional Medicare, and more than 4 million who took advantage of the Annual Wellness Visit. Ryan’s budget would repeal those benefits while keeping the cuts Republicans have been campaigning against for four years now.

Obamacare reforms have also lowered the growth of Medicare’s costs to zero. If this trend continues, the program would be solvent even through the peak of Baby Boomer retirements, protecting seniors from future benefit cuts. In an effort to balance the budget in 10 years while keeping tax cuts that mostly benefit the rich, Ryan would cut a slew of programs seniors have relied on. “Funding for Older Americans Act programs like Meals on Wheels, family caregiver support, job training, senior centers, and disease prevention programs, would suffer significant cuts when the need for these services is increasing,” the National Council on Aging (NCOA) reports. “Over time, these programs—which are NOT contributing to the federal budget deficit—would be cut by 22 percent below current levels.” Another $137 billion would be cut from the Supplemental Nutritional Assistance Program, aka food stamps. Currently, 9 million seniors and people with disabilities receive SNAP benefits.

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BBC: Hamid Aboutalebi: US Congress Passes Ban On Iran Envoy

The US Congress has sent a bill to the president that would bar Iran’s pick for ambassador to the UN from entering the country. The House of Representatives passed the measure unanimously two days after the Senate approved it. Hamid Aboutalebi was a part of the Muslim student group that seized the US embassy in Tehran in 1979. The White House has told Iran Mr Aboutalebi was “not viable” but has not taken a position on the bill. Fifty-two Americans were held for 444 days at the height of Iran’s Islamic revolution, which saw pro-American Shah Mohammad Reza Pahlavi sent into exile and Ayatollah Ruhollah Khomeini take power.

Mr Aboutalebi, who previously served as Iran’s ambassador to Belgium, the European Union, Italy and Australia, told Iranian media his participation in the hostage crisis began only after the initial seizure of the embassy, and primarily involved translation. On Thursday, White House spokesman Jay Carney said, “We’ve made clear and have communicated to the Iranians that the selection they’ve put forward is not viable.” As the host country of the United Nations, the US has previously but rarely denied entry to an envoy or head of state. Those included a previous Iranian diplomat and Sudanese President Omar al-Bashir. In those cases the applications were withdrawn after the US signalled opposition, or the state department simply declined to process the visas. Those options are available in Mr Aboutalebi’s case.

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Paul Krugman: Health Care Nightmare

When it comes to health reform, Republicans suffer from delusions of disaster. They know, just know, that the Affordable Care Act is doomed to utter failure, so failure is what they see, never mind the facts on the ground. Thus, on Tuesday, Mitch McConnell, the Senate minority leader, dismissed the push for pay equity as an attempt to “change the subject from the nightmare of Obamacare”; on the same day, the nonpartisan RAND Corporation released a study estimating “a net gain of 9.3 million in the number of American adults with health insurance coverage from September 2013 to mid-March 2014.” Some nightmare. And the overall gain, including children and those who signed up during the late-March enrollment surge, must be considerably larger. First, there was the amazing come-from-behind surge in enrollments.

Then there were a series of surveys — from Gallup, the Urban Institute, and RAND — all suggesting large gains in coverage. Taken individually, any one of these indicators might be dismissed as an outlier, but taken together they paint an unmistakable picture of major progress. But wait: What about all the people who lost their policies thanks to Obamacare? The answer is that this looks more than ever like a relatively small issue hyped by right-wing propaganda. RAND finds that fewer than a million people who previously had individual insurance became uninsured — and many of those transitions, one guesses, had nothing to do with Obamacare. It’s worth noting that, so far, not one of the supposed horror stories touted in Koch-backed anti-reform advertisements has stood up to scrutiny, suggesting that real horror stories are rare. Republicans clearly have no idea how to respond to these developments. They can’t offer any real alternative to Obamacare.Their political strategy has been to talk vaguely about replacing reform while waiting for its inevitable collapse. And what if reform doesn’t collapse? They have no idea what to do.

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On This Day

President Obama listens during a meeting with Secretary of State Hillary Rodham Clinton and Chief of Staff Rahm Emanuel at Blair House in Washington, D.C., before a bilateral meeting with Prime Minister Manmohan Singh of India, April, 11, 2010 (Photo by Pete Souza)

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President Obama meets with Director of Speechwriting Jon Favreau on the Colonnade outside the Oval Office, April 11, 2011 (Photo by Pete Souza)

President Obama returns to the Oval Office through the Rose Garden after surprising students from Altona Middle School in Longmont, Colo., during their White House tour, April 11, 2011. President Obama received a letter from the mother of an Altona student who worried that her son’s trip to Washington, D.C., would be canceled if there was a government shutdown (Photo by Pete Souza)

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Sherman and Tammie Gillums look at their pictures with First Lady Michelle Obama as Mrs. Obama continues to greets guests at the Joining Forces Community Challenge event on the South Lawn of the White House, April 11, 2012 (Photo by Sonya N. Hebert)

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President Obama holds Chaplain (Captain) Emil Kapaun’s Easter stole in the Oval Office during a greet with Kapaun’s family in the Oval Office, April 11, 2013. The President and First Lady Michelle Obama met with members of Chaplain Kapaun’s family before awarding him the Medal of Honor posthumously during a ceremony in the East Room (Photo by Pete Souza)

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President Obama talks on the phone with Nicole Hockley and families of the victims of the Sandy Hook Elementary School shootings in Newtown, Conn., in the Oval Office, April 11, 2013 (Photo by Pete Souza)

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14

When Women Succeed, America Succeeds

President Barack Obama is introduced to speak by Lilly Ledbetter at an event aimed at increasing transparency about women’s pay during an event at the White House. The first law President Obama signed after taking office in 2009 was the Lilly Ledbetter Fair Pay Act, which extended time periods for employees to file claims for wages lost as a result of discrimination.

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Text of the President’s remarks here

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President Barack Obama signs executive actions, with pending Senate legislation, aimed at closing a compensation gender gap that favors men, during an event marking Equal Pay Day. President Obama announced new executive actions to strengthen enforcement of equal pay laws for women.

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Lisa De Bode: Obama Signs Executive Order On Equal Pay For Women

Keeping with his promise to champion women’s rights in the workplace, President Barack Obama signed an executive order Tuesday that addresses the issue of unequal pay among federal contractors.The executive order addresses the federal government’s gender wage gap by mandating that contractors publish wage data — by gender and race — to ensure compliance with equal-pay laws. The order also prohibits contractors from retaliating against employees who compare salaries. Tuesday’s signing coincides with National Equal Pay Day, serving as a reminder that more than 50 years after the Equal Pay Act was made law, women still earn less then men. On average, women earn only about 77 cents on the dollar compared with men. African-American women and Latinas take home even less, just 64 cents and 54 cents, respectively, for every dollar earned by white men, according to the National Women’s Law Center (NWLC). Obama called the numbers “embarrassing,” and “wrong.”

“It is good to move the ball forward on improving our equal pay policies,” Fatima Graves, NWLC vice president for education and employment, told Al Jazeera. “It’s important because right now workers are left in the dark about wage disparity information.” “What we really need is for Congress to pass the Fair Paycheck Act which would get at all workers,” she said. A Senate vote on that act, slated for Tuesday, would extend the order’s requirements to most other employers. However, the bill has already failed to pass twice, despite evidence that pay transparency can reduce the gender wage gap. In the federal government, for example, where pay rates are publicly available, the gender wage gap is much smaller than in the private sector, according to the Institute for Women’s Policy Research.The Fair Paycheck Act would close loopholes in the Equal Pay Act of 1963

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Members of Congress including Rep. Carolyn Maloney, D-N.Y., pose for photos in the East Room of the White House in Washington, before an event marking Equal Pay Day

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