Where’s That 5% Unemployment Rate Obama Promised by Now?

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On the surface, the July jobs report — the unemployment rate dipped to 7.4% last month thanks to a shrinking workforce as the economy added a disappointing 162,000 net new payrolls — is just another dismal data point in America’s “new normal” recovery. But it’s also an important milestone and metric for judging the Keynesian fiscal experiment known as Obamanomics.

In January 2009, Team Obama economists put together a report – half quantitative analysis, half sales pitch — outlining the potential economic impact of the proposed $800 billion stimulus. (See above chart from that report.) If Congress passed the plan, the report forecasted, the economy would generate enough additional demand, output, and employment that two big things would happen:

First, the unemployment rate would never reach 8%. Unfortunately, we hit 10% unemployment in October 2009. Failure number one.

Second, the unemployment rate would return to its long-term “natural rate” of 5% by July 2013 (a jobless rate, it should be noted, above the low points of the Bush and Clinton presidencies). Labor markets would be back to peak health. The Great Recession would truly and finally be over.

Mission accomplished by this jobless report.

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Veterans Sue City in New York that Ordered ‘Don’t Tread on Me’ Flag Banned

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Photo Credit: APA veterans group alleges in a federal lawsuit that officials violated its free-speech rights when they banned a “Don’t Tread on Me” flag from a city-owned armory.

The lawsuit filed last week in federal court says New Rochelle’s action, in addition to being unconstitutional, was “unreasonable, arbitrary and capricious” and betrayed a lack of appreciation of history.

The City Council had ordered the flag down in March, citing complaints that the yellow banner with a coiled rattlesnake was making a political statement. The flag has been used as an unofficial symbol of the tea party since at least 2008 and is often seen at party rallies, tax protests and gun rights rallies.

But the lawsuit, filed by the United Veterans Memorial and Patriotic Association, offers a long history of the flag, which has been used by the U.S. military since 1776. And it says none of the veterans who raised the flag in March are tea party members.

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Congressman: Obama’s Lawless Administration Changing Benghazi Survivors’ Names, Dispersing them Throughout US in Massive Cover-up (+video)

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The Obama administration is “changing names” of the Benghazi survivors and “creating aliases” to keep them hidden from congressional investigators and the American people, Rep. Trey Gowdy (R-S.C.) told Greta Van Susteren on Thursday night. He also said the administration is “dispersing them around the country” to keep them out of sight.

Gowdy’s stunning claims were overshadowed by CNN’s bombshell report that revealed there were “dozens” of CIA operatives on the ground in Benghazi on Sept. 11, 2012, the night of the deadly attack that killed four Americans. Meanwhile, the CIA is taking “unprecedented” to keep whatever it was doing in Benghazi a secret, according to the report.

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Levin on Congressional Obamacare ‘Fix’: They are So LUCKY We Don’t Storm Capitol Hill (He’s Not Advocating That)

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Mark Levin explained tonight how Congress has gotten Obama to get one of his flunkies at the Office of Personnel Management to announce that the “government can continue to make a contribution to the health care premiums of members of Congress and their aides”.

This is something that wouldn’t have occurred had if Obamacare were implemented as written. But it would have cost our dear leaders thousands of dollars in premium costs so they got Obama to override the law on their behalf.

Read more and listen to audio HERE.

Study: Record 21 Million Young Adults Living With Parents

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Photo Credit: Moyan_BrennA record number of young adults are living with their parents.

A new study from Pew Research finds that 36 percent of Millennials – young adults ages 18 to 31 – are living at their parents’ homes, the highest number in four decades. A record 21.6 million young adults were still living at home last year.

“Most of my friends that have graduated end up living back home because even if they have a job they can’t afford to pay rent and pay back their loans at the same time,” Stephanie Levonne, a 20-year-old college student living at home, told CBS News. “I know a lot of people that took out almost half or more of their tuition in loans which is $50,000 so it’s impossible to pay rent and live in New York City while paying off your loan.”

The number rose from 32 percent at the beginning of the Great Recession in 2007 and 34 percent in 2009.

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Military Investigators Reportedly Disqualify 60 Troops as Sexual Assault Counselors, Recruiters or Drill Instructors

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Photo Credit: Fort BraggMilitary investigators reportedly have disqualified some 60 troops as sexual assault counselors, recruiters or drill instructors following a Defense Department-ordered review of their credentials and conduct.

According to USA Today, investigators found those removed from their posts had committed violations ranging from alcohol-related offenses to child abuse and sexual assault, although there was no confirmation from the Defense Department.

The records of at least 35,000 troops have been screened or are under review, the paper said, with the Army suspending 55 personnel and the Navy five.

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Rep. Graves: Grassroots Need to Keep Up Pressure to Defund Obamacare

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Photo Credit: APRep. Tom Graves (R-GA) told Breitbart News on Friday that a majority of House Republicans have now signed onto his legislation to defund Obamacare in the upcoming Continuing Resolution (CR), passing a threshold that meets the informal Hastert Rule that requires a majority of the majority to support legislation before it comes up for a vote.

“Well it sends a real strong message,” Graves said of the reaching the milestone during a phone interview on Friday morning. “I think as of yesterday we had 121 cosponsors. That’s a very rapid growth of cosponsoring, including House leadership such as Lynn Jenkins, signing onto the bill this week.”

“So, we have the majority of the majority that meets the Hastert Rule,” he explained. “We’ll see if those numbers continue to grow. Members have come up to me even this morning asking if they could sign on and where would they go to do that. I think we’re going to see the momentum continue.”

In fact, since the interview Graves conducted with Breitbart News on Friday morning, the bill picked up yet another cosponsor and is up to 122. Since there are 234 GOP members in the House, a total of 117 cosponsors are needed for any piece of legislation to cross the threshold to meet the Hastert Rule.

Graves credits a lot of the success thus far to the grassroots and Tea Party movement, which has been helping pressure members of Congress to get in the fight.

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Dems Favor Federal Bailout of Detroit, But Majority of Public Opposed

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Photo Credit: real clear politicsA new national poll from Quinnipiac University shows that a majority Democrats believe the federal government should bail out Detroit, but an even larger majority of Americans oppose such a move. Fifty-one percent of Democrats support Washington providing federal assistance to Detroit, which last month became the largest American city ever to seek bankruptcy protection.

Not surprisingly, there is a strong partisan divide on the question of a federal bailout for the Motor City. Seventy-three percent of Republicans oppose a bailout, while only 18 percent support the idea. Independents are nearly of the same mind as Republicans on the issue: 68 percent oppose federal assistance for Detroit and 28 percent support it.

The poll also shows a significant racial divide on the issue. Whites overwhelmingly oppose a federal bailout (63 percent against vs. 26 percent in favor) while a solid majority of African-Americans support a bailout (57 percent favor vs. 36 percent against) as do a plurality of Hispanics (48 percent favor vs. 36 percent against).

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Daily Beast Harasses Private Citizens Who Donated to Palin’s PAC

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This week, the Daily Beast contacted and harassed private citizens who made contributions to Sarah Palin’s political action committee, SarahPAC. In doing so, the outlet attempted to also weaken her organization by smearing it in the eyes of those most responsible for ensuring Palin’s free-market populist message and conservatism is widely disseminated.

During the first half of 2013, a political off-year in which there are few elections, Palin’s political action committee spent $35,000 more than it took in. The Daily Beast seized on that number and tried to convince donors to SarahPAC that Palin was defrauding them by spending money on expenses common to every political action committee.

As the Daily Beast conceded, Palin’s donors were not buying the Beast’s malarkey. Tim Crawford, the treasurer of SarahPAC, told Breitbart News that since 2013 is an off-year, the organization did not aggressively raise money, cognizant of the fact conservative donors were flooded with requests during the 2012 election cycle.

“For the most part we gave our donors a break and didn’t fundraise aggressively at all. Very pleased with the results,” Crawford told Breitbart News. “It is an off year after a presidential election where every donor was bombarded with requests.”

As the Daily Beast mentioned, Palin’s PAC did make a $5,000 contribution to Jason Smith; the conservative Republican won a special election in Missouri’s Eighth Congressional District in June by a hefty margin, 67% to 27%.

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FBI Claims it Couldn’t Have Prevented Boston Marathon Bombing, Needed Even MORE Surveillance Tools

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Photo Credit: Getty ImagesThe F.B.I. has concluded that there was little its agents could have done to prevent the Boston Marathon bombings, according to law enforcement officials, rejecting criticism that it could have better monitored one of the suspects before the attack.

That conclusion is based on several internal reviews that examined how the bureau handled a request from a Russian intelligence agency in 2011 to investigate whether one of the suspects, Tamerlan Tsarnaev, had been radicalized during his time in the United States.

Mr. Tsarnaev, who along with his brother, Dzhokhar, came to the United States about a decade ago from the Russian republic of Dagestan, was killed during a shootout with the police four days after he and his brother detonated two bombs at the finish line of the marathon, killing 3 people and injuring more than 200, the authorities say.

Members of Congress have contended that the F.B.I. should have done a more extensive investigation of Mr. Tsarnaev in response to the Russian request. And they have said the bureau should have followed up with Mr. Tsarnaev after he returned from a trip to Russia in 2012.

But F.B.I. officials have concluded that the agents who conducted the investigation and ultimately told the Russians that there was no evidence that Mr. Tsarnaev had become radicalized were constrained from conducting a more extensive investigation because of federal laws and Justice Department protocols. Agents cannot use surveillance tools like wiretapping for the type of investigation they were conducting.

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