Posted on 08/03/2013 5:35:14 AM PDT by SeekAndFind
At this point, even Ezra Klein is conceding that the “recovery” growth rate of 1.7 percent is a “horrific” new normal, so I can be accused of no partisan quest driving me to point out these depressing facts about our current economy, but a desire that we harness the good sense to abandon what’s not working and get the heck out of this mess.
1. Workforce participation: 2008-2013
2. Workforce participation 2008-2013, compared with 2000-2008:
Fed charts via @bdomenech, who writes a great morning newsletter, The Transom, which you can sign up for, here.
3. The surge of part-time employment:
4. “[O]f the 953K jobs “created” so far in 2013, only 23%, or 222K, were full-time.”
5. Repercussions.
Hadley Heath and Bloomberg economist Joe Brusuelas team up for this doozy:
bad news for dating. MT @joebrusuelas: the # of men 20 and older not in workforce has increased from 25 to 30 million since Nov. 2007.
— Hadley Heath (@HadleyHeath) August 2, 2013
This recession was CREATED by the DNC and MSM
feeding China, al Qaeda and the Banks (all of them worldwide)
with US taxpayer money.
*
“This recession was CREATED by the DNC and MSM
feeding China, al Qaeda and the Banks (all of them worldwide)with US taxpayer money.”
Plenty of our jobs left under Republican administrations as well; neither party represents the interests of the American people.
It will never change.
We would need to get rid of the EPA, Bureau of Land Management, Interior Dept. and many others.
These bureaucracies have ruined our economy by driving industry out of the country and making what remains marginally profitable.
And no one is talking about obumbler care forcing more manufacturing to leave the country, which it will.
Much of the race unrest we are facing would be eliminated if everyone could find a job.
What happened to that 5% unemployment rate promised by the stimulus?
We’re getting there... From a peak of 10% it is now 7.4% /s (you know the details).
Yeah, by 2016 we’ll be at full employment again according Obamanomic standards.
“Demonstrators in support of fast food workers protest outside a McDonald’s as they demand higher wages and the right to form a union without retaliation Monday, July 29, 2013, in New York’s Union Square. Activists say hundreds of workers have walked off their jobs. They are demanding a minimum wage increase and calling for better benefits. ((AP Photo/John Minchillo)”
Replace all fast-food cashiers with automation. Problem solved.
Fast Food Self-Ordering Replaces Cashiers
Video:
Published on Apr 10, 2013
Self-order kiosks use touchscreens to replace cashiers. Fast food chains implementing automated self-service
machines include McDonald’s, Burger King, Taco Bell and KFC.
http://www.youtube.com/watch?v=mfKbaX4jE9U
Robot Replaces Workers At Fast Food Restaurant
http://www.youtube.com/watch?v=vDJc1NoGg2g
Something Obama&Co fail to understand is that when the middle class is tapped out due to no work and taxes they don’t get to blow money.
They are speed bumps at best.
No, to fix the problem we need to get union and corporate money out of our elections.
I did not intend to list all of the things we have to get rid of, but obviously union influence is one.
But then you have to ask yourself what the difference is between union money and NRA money...or that of the Cattleman’s Association.
I spent 56 years working with, as a vendor, manufacturers that today no longer exist. They were serious employers.
I know what the EPA and other tree hugger Marxist bureaucrats did to those industries.
Membership in the NRA is voluntary.
If I understand that chart, we are producing the same amount of oil today as we did in 1972?
US oil production peaked in 1970. However, demand for oil has increased since then
That chart is direct employment in oil gas extraction. Sorry, the title did come with the chart when I posted.
Mournful Numbers.
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