The Great Obama Depression

Washington Times ^ | 3 Aug 134 | Judson Phillips

[xzins]

A White House spokesman called July’s 7.4 percent unemployment rate proof that “the U.S. economy is continuing to recover from the worst downturn since the Great Depression.” He said it with a straight face.

The data tell another story: America remains mired in the Great Obama Depression.

The unemployment rate that the administration trumpets is a liar’s number. The formula for the unemployment figure that is released every month is rigged to look favorable to the administration in power.

The true numbers from the Bureau of Labor Statistics show a far different picture. They show an America that is in economic collapse.

The unemployment rate did not drop because there were more jobs in July. It fell because there were fewer people looking for jobs. The civilian labor force fell by approximately 37,000 workers. The people who are not in the labor force has climbed to 89,957,000; almost ninety million American adults are not in the workforce. Even worse, the number of discouraged workers rose to almost one million. “Discouraged worker” is the term for people who want to be in the workforce but have given up on looking for jobs because they believe no jobs are available.

There is one other devastating figure that most people are not talking about. In June, the Bureau of Labor Statistics reported that only 47 percent of American adults had full-time jobs.

Fewer than half of Americans are working full time!

That should be a headline. Instead it is ignored.

[RayChuang88]

The combination of too many regulations--especially Obamacare--and not fixing the economy-inhibiting income tax system has resulted in slow revival of the economy from the effects of 2008 stock market crash.

We need streamline regulations, more efficient government, and a tax system that encourages savings and capital investment staying in the USA for a real recovery to occur.

[staytrue]

““Whitey” built this country; liars have populated it with their hands out.”

Hate to tell you this but whitey is still 70% of the population and have a veto proof majorities in both the House and the Senate. Furthermore, whitey is about 97% of the US senate.

Whitey may have built this country, but they have also destroyed what they built.

[Jack Hammer]

“Whitey may have built this country, but they have also destroyed what they built.”

Yeah, for the sake of votes from those with their hands out QED.

[Grampa Dave]

Read the headline in the newspaper on the floor by the failure to launch.