Friday, December 5, 2014

THE SEAN HANNITY SHOW

Hannity's Headlines E-Newsletter
Ferguson Small Business Owners Fight to Stay Afloat
Ferguson small business owners, Dan and Beverly McMullen recently started a GoFundMe page to help them relocate their insurance company, Solo Insurance Services to another area of the embattled town. Their business currently looks like it's in the midst of a "war zone," with buildings on both sides and across from them completely destroyed in the fires following the grand jury decision announcement in November. AUDIO: Sean's interview with Dan Mullen
In a twist of fate, Solo Insurance was spared any looting or fires but since the riots, McMullen says Solo lost over 32 clients in just the seven days after the announcement. "You always feel businesses can come back from these tragedies and never give up hope, but as an insurance broker it's different than a grocery store or a McDonald’s.  We have to convince people to come to travel to us instead of an insurer that may be closer to them. Directing them to landmarks such as 'the only standing building between two burned buildings' is not a good description to give to clients," says McMullen.
For more on this story, please click here
  
Record Low Participation
Employers added over 300,000 jobs last month, and our unemployment rate remains at 5.8%.  But that fails to tell the whole story.
The broader measure of unemployment – the U6, which also measure those working part-time who want full-time jobs and discouraged workers – is actually 11.4%.
The labor force participation rate – that's the number of Americans who have a job or were actively seeking one – remains at a 36-year low.
The current rate of 62.8% matches the rate of labor participation in March 1978.
There are still over 92 million Americans who have dropped out of the labor force. 
To put that into context, when Barack Obama became president that number was closer to 80 million.
This means that nearly 12 million more Americans have dropped out of the labor force since January 2009.
The labor participation rate when Obama took office was 65.7%, which means that if the same number of people were working today, the unemployment rate would be much higher, closer to 10%.
I'm happy for those who are gaining employment, but we could and should be doing a lot better.  This has been the slowest postwar recovery and wages have stagnated for many Americans. 
Meanwhile, the numbers of those collecting some form of means-test government benefit continues to rise.  Not to mention the record number of Americans, including children, in poverty.
And add to that an ever-growing national debt, which has now topped a record $18 trillion.
It's no wonder that almost half of Americans (44%) have no confidence at all in the president when it comes to the economy, according to recent polling.  Americans are anxious about the direction of the country and fear for future generations. 

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