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Employment Doom Rattling Media
Townhall.com ^ | August 24, 2013 | John Ransom

Posted on 08/25/2013 1:45:52 AM PDT by Kaslin

Unemployment is not getting better, it’s getting worse.

Even the establishment media is taking notice.

“Widely followed pollster Gallup puts the nation's unemployment rate at an ugly 8.6 percent in August,” reports CNBC, “a startling jump from the 7.8 percent the organization recorded for July. When counting the underemployed, the rate zooms to 17.7 percent, off its 2013 high of 18.2 percent.”

If you count in those who have dropped out of the work force, you get closer to 24 percent unemployment.

Gee, and all this time I thought that the job situation was getting better.

That’s what we were told.

“This time we mean it,” “The recovery is finally here,” “We tried capitalism, and it didn’t work,” “We tried our plan, and it worked,” “Obama killed Osama…with his bare hands,” and “Does my head look big with this teleprompter?”

In the U.S. the number of employed has only grown by 922,000 people since July of last year. And as many have noticed, over 70 percent of those jobs are part time.

The growth of the labor force itself has slowed so much that it has caused the BLS to revise previous projection of the growth of the labor force through 2012-2025 from 0.9 percent annually to 0.8 percent annually, according to HousingWire.

And don’t get me started in GDP. GDP actually reflects the poor state of the economy. Despite what liberals want you to believe companies want to hire workers. But they hire workers only when they think they’ll make more money from it.

A consequence of the poor jobs environment is that GDP has suffered.

Since 2008, growth in GDP has posted about a 0.6 percent average annual rate or 3 percent over five years.

That compares with the historical average long-term rate of 3.28 percent. 

In a way the GDP numbers epitomizes Obama’s economic philosophy: He’s managed to squeeze a whole year’s worth of economic activity into five years and counting. 

There are over million Californians who today remain unemployed, many of whom are still jobless after using up 99 weeks of unemployment benefits made available by the state and federal government according to an article by the San Diego Union Tribune.

“In total, there are 1,044,000 Californians who have used up all of the weekly checks,” writes UTSanDiego.com, “the state Employment Development Department announced this week. At one point a person could receive up to 99 weeks of unemployment insurance through a series of federal extensions.”

There are another million Californians who are receiving benefits because they can’t find jobs.

And that’s why the Republican National Committee calls Obama a “lame duck.” Obama and his Democrats friends have been ducking the really tough issues like jobs.

They’re ducking those problems because they have no answers.

This is the Democrats’ economy. It’s everything they asked for.

They got nationalized healthcare, they got the auto bailout, they got the pork barrel spending we call stimulus. They also got the opportunity to put a million electric vehicles on the road.

They invested in solar, in unions, in government. And still, they’ve produced the worst recovery ever.

Strike that.

It’s because they got nationalized healthcare, and they got the auto bailout, and they got the pork barrel spending we call stimulus; plus they got the opportunity to put a million electric vehicles on the road; AND because they invested in solar, in unions and in government that we have the worst recovery ever.

From 1932 to 1937, during the “Great Depression” the GDP of the United States grew 25 percent or at an annual average rate or 5 percent per annum. Yet the average government spending was about 15 percent of GDP during that period. Today, government spending is nearly 40 percent of GDP and we are getting about 1/10th of the return that our grandfathers enjoyed.

There’s a connection between unemployment and GDP.

It’s starts with bad investment decisions.

Imagine that: Politicians making bad investment decisions.

The best decision that we can make as a counter is getting politicians to make no investment decisions at all. 




TOPICS: Business/Economy; Culture/Society; Editorial; Politics/Elections
KEYWORDS: 0bamaafter401kandira; barackrupt; economygrowssez0bama; greatdepression; lamejerk; maybealottablow; unemployment

1 posted on 08/25/2013 1:45:52 AM PDT by Kaslin
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To: Kaslin

I’m looking forward to the day when the US runs out of money to subsidize the unemployed. Then things will get really interesting for the ruling class.


2 posted on 08/25/2013 1:52:03 AM PDT by Cowboy Bob (Democrats: Robbing Peter to buy Paul's vote.)
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To: Kaslin

This is the Democrats’ economy. It’s everything they asked for.

If Americans get to see Obama own these issues and the Democrats economy played out to the inevitable worst case outcome it will have justified his re-election in some small way (not sure I could say that being unemployed, though...)


3 posted on 08/25/2013 2:19:15 AM PDT by erlayman
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To: Cowboy Bob

There are the unemployed and there are the welfare moochers. Are some people in both camps? Sure. Are the majority of the unemployed part of the permanent or semi-permanent “gimme, gimme” class? Hard to say. Offer them a job at $8 or $9 an hour and it’s easier to separate the sheep from the goats. I worked at two different states’ unemployment offices for a total of about 15 years and with every week they were unemployed you could see their morale go down, and that was during low unemployment. Today’s situation is about 10X worse than then. When the food stamps, TANF, section 8 and Obamaphones give out, then you’ll see real rioting.


4 posted on 08/25/2013 2:40:35 AM PDT by 2ndDivisionVet (I aim to raise a million plus for Gov. Palin. What'll you do?.)
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To: Kaslin

.
.

- When you are much less fit to be President than a Rodeo Clown -

- you have not just stepped in bovine scat -

- you are bovine scat -

- you are the “flexible hoser” -

- but then - What difference does it make?

.
.


5 posted on 08/25/2013 2:56:19 AM PDT by devolve (----- ----- ----- it not unlegal iffen I do`s it ----- ----- -----)
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To: Kaslin

Revised motto of United States of America: E Pluribus Nusguam (From many, none).


6 posted on 08/25/2013 3:19:35 AM PDT by jamaksin
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To: Kaslin
the 0Blahblah Media Parrots, really can't hide &/ manufacture an "out"..
five whole years on the Kenyan's/DNC's (Soviet style) 5 year Economic plan..
"and these Comrades et al were the smartest/most enabled/talented amongst
us all...as described by their peers..we the American Kulaks, we're to be so..so
bedazzled/proud of their achievements"

7 posted on 08/25/2013 4:00:39 AM PDT by skinkinthegrass (who'll take tomorrow,$pend it all today;who can take your income & tax it all away..0'Blowfly can :-)
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To: Kaslin
Obama and the Obama Media will soon reveal the source of the employment problem.


8 posted on 08/25/2013 4:21:35 AM PDT by Iron Munro (To learn who rules over you, simply find out who you are not allowed to criticize - Voltaire)
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To: erlayman

It sure is


9 posted on 08/25/2013 4:26:42 AM PDT by Kaslin (He needed the ignorant to reelect him, and he got them. Now we all have to pay the consequenses)
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To: Cowboy Bob
I’m looking forward to the day when the US runs out of money to subsidize the unemployed. Then things will get really interesting for the ruling class.

Wait 'til the EBT cards stop working at the 7-11's.


10 posted on 08/25/2013 4:32:51 AM PDT by COBOL2Java (I'm a Christian, pro-life, pro-gun, Reaganite. The GOP hates me. Why should I vote for them?)
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To: Kaslin
Dear liberals,

Mene Mene Tekel Upharsin

11 posted on 08/25/2013 4:35:20 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Kaslin
If you count in those who have dropped out of the work force, you get closer to 24 percent unemployment.

17-24% sounds right to me. I'm in my 50s, and I've NEVER seen so many people in my extended family unemployed, especially for YEARS.

Even during the Carter recession, few members of my extended family were unemployed, and those who lost their jobs usually found a new job within six months.

12 posted on 08/25/2013 4:36:32 AM PDT by St_Thomas_Aquinas (Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: Cowboy Bob
Your post reeks either of ignorance or snobbery. People get unemployed mostly without their fault. Like getting laid of when the company they work for closes, or through lack of business

There is no need to look down on people who are unemployed.

Now on the other side it's a different story for those who habitually file for unemployment, because the can make more money including getting food stamps instead of looking for jobs and taking what they can get

13 posted on 08/25/2013 4:36:42 AM PDT by Kaslin (He needed the ignorant to reelect him, and he got them. Now we all have to pay the consequenses)
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To: Kaslin

Look at all the framers and workers who are jobless in California due to not getting irrigation water due to the effin Delta smelt and other minnows

Blame the eco-wacko libs in the big cities.


14 posted on 08/25/2013 4:40:25 AM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: dennisw

farmers not framers


15 posted on 08/25/2013 4:40:43 AM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: COBOL2Java

I see signs on gas stations that say EBT cards accepted. I have no problem if they are accepted for purchases to get the car filled up, but for cigarettes, etc Noway


16 posted on 08/25/2013 4:41:17 AM PDT by Kaslin (He needed the ignorant to reelect him, and he got them. Now we all have to pay the consequenses)
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To: Kaslin
I have no problem if they are accepted for purchases to get the car filled up, but for cigarettes, etc no way

...or Skittles and watermelon ice tea...

17 posted on 08/25/2013 4:51:35 AM PDT by COBOL2Java (I'm a Christian, pro-life, pro-gun, Reaganite. The GOP hates me. Why should I vote for them?)
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To: 2ndDivisionVet

I suspect that the underground economy has far more rapidly than the reported economy. The underground economy will continue to gain strength as long as our borders are as porous as they are now. Obamacare will also insure further growth of the underground economy.


18 posted on 08/25/2013 4:55:32 AM PDT by monocle
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To: Cowboy Bob

“I’m looking forward to the day when the US runs out of money to subsidize the unemployed. Then things will get really interesting for the ruling class.”

We have a while to go. Up to now we’ve only had redistribution of income. The assault on accumulated assets will begin soon. Already progressive academics and think tanks are spitting out papers about going after the 401K and IRA plans of the middle class. First step will be to protect the money from the ravages of the stock market. They’ll sweep the money into “protected” individual Social Security accounts invested in “safe” government bonds paying a “guaranteed’ 2 or 3%. Then, once they have the money in Social Security we’ll start hearing about fairness. The media and Democrat politicians will complain it isn’t “fair” some people have these special accounts while others don’t. Eventually there will be a clamor for Congress to pass a law taking the money in the individual accounts to make the Social Security system solvent for all.

No doubt we’ll be hearing calls to have inherited wealth taxed at 100% as well in the name of fairness. It isn’t fair for someone to receive a windfall when there are hungry people on the street or children to send to college.

Once the middle class is completely stripped of assets the wealthy, who have been funding the socialists for a century, will finally find themselves in the bullseye. The Hollywood elites earning tens of millions per year and living in fabulous home will find themselves the target of the fairness argument as will the millionaires and billionaires who have more than the need (Obama talks about “more than they need” frequently). When the truly wealthy come under attack they’ll find little sympathy from the impoverished former members of the middle class. In fact the masses will be cheering to have the wealthy enjoy the misery.


19 posted on 08/25/2013 4:56:38 AM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: Kaslin

-——Politicians making bad investment decisions.———

that sentence indicates the writer has no clue about what is happening. The democrats did not make poor invettment decisions, they invested the looted treasury in them selves. America is being looted.

The Democrat party is a criminal enterprise.

Off with their heads....... let the tumbrels roll


20 posted on 08/25/2013 5:02:22 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)
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To: Kaslin

I know people who are ‘’working’’, but it is in an ‘’underground economy’’. I say, more power to them! Starve this government. Deny them tax revenues. Bleed them dry. Make them hunt out those who ‘’work’’ in the fringes.
As corrupt as this government is, they deserve nothing from the toils of the masses. When the government decided that the rules they demand all to obey, they are exempt from; when the government lackeys and rulers pick and choose what laws THEY will obey and what THEY won’t, it is our right and duty to copy.


21 posted on 08/25/2013 5:34:34 AM PDT by Thumper1960 (A modern so-called "Conservative" is a shadow of a wisp of a vertebrate human being.)
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To: Kaslin

Neither. Many of the unemployed are able to exist only because of government money. Their outrage at being unemployed is tempered by the fact that the receive benefits. If the money runs out, they may finely get angry enough to take a stand and demand the government change its policies so that businesses can start and they can find jobs once again.

Look at Europe. They have had an unemployment rate averaging 10% for about 40+ years. But these people continue to live on the dole because government payments.

I am not mocking those who are unemployed. There are some who like to live on unemployment, but many that don’t. What is needed is an event that will piss off enough of them that the status quo will be changed.


22 posted on 08/25/2013 7:21:24 AM PDT by Cowboy Bob (Democrats: Robbing Peter to buy Paul's vote.)
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To: Cowboy Bob
Blame that arrogant pos occupant of 1600 Pennsylvania Ave and the rats in especially the senate since they have both the White House and the Senate, while the Republicans only have the House.

My husband has been on unemployment many years ago and so have I. We didn't get any benefits other then some unemployment checks. Thing sure have changed since that pos came to power

23 posted on 08/25/2013 7:30:36 AM PDT by Kaslin (He needed the ignorant to reelect him, and he got them. Now we all have to pay the consequenses)
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To: dennisw

Bump


24 posted on 08/25/2013 7:32:16 AM PDT by Kaslin (He needed the ignorant to reelect him, and he got them. Now we all have to pay the consequenses)
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To: Kaslin

You’re right, but of course you are morally superior to me.

The moochers of the world need to get someplace in a hurry so the taxpayers need to buy them the gas to do it.

A cold hearted bastard like myself doesn’t care if they walk until their feet bleed.


25 posted on 08/25/2013 7:32:33 AM PDT by IMR 4350
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To: Kaslin
The best decision that we can make as a counter is getting politicians to make no investment decisions at all.

To hell with Baraq Hussein Obama and his F-ing government.

(Hello Utah, did I make your list?)

26 posted on 08/25/2013 7:37:31 AM PDT by eyedigress ((zOld storm chaser from the west)/ ?s)
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To: Kaslin

The Obama&Co depression only three more years to go.


27 posted on 08/25/2013 8:00:39 AM PDT by Vaduz
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To: Kaslin
He’s managed to squeeze a whole year’s worth of economic activity into five...

That's a keeper.

28 posted on 08/25/2013 8:22:14 AM PDT by Excellence (All your database are belong to us.)
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To: Kaslin

And yet NOT ONE Republican will preach the truth about the destruction caused by government and the only way back to growth and prosperity. It seems that after you’ve worked so hard to get into government you won’t badmouth it once you successfully make into the hallowed halls.


29 posted on 08/25/2013 8:34:32 AM PDT by ProtectOurFreedom
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