Posted on 07/16/2013 2:00:11 PM PDT by The Sons of Liberty
By MORTIMER ZUCKERMAN
In recent months, Americans have heard reports out of Washington and in the media that the economy is looking up—that recovery from the Great Recession is gathering steam. If only it were true. The longest and worst recession since the end of World War II has been marked by the weakest recovery from any U.S. recession in that same period.
The jobless nature of the recovery is particularly unsettling. In June, the government's Household Survey reported that since the start of the year, the number of people with jobs increased by 753,000—but there are jobs and then there are "jobs." No fewer than 557,000 of these positions were only part-time. The survey also reported that in June full-time jobs declined by 240,000, while part-time jobs soared by 360,000 and have now reached an all-time high of 28,059,000—three million more part-time positions than when the recession began at the end of 2007.
That's just for starters. The survey includes part-time workers who want full-time work but can't get it, as well as those who want to work but have stopped looking. That puts the real unemployment rate for June at 14.3%, up from 13.8% in May.
The 7.6% unemployment figure so common in headlines these days is utterly misleading. An estimated 22 million Americans are unemployed or underemployed;
(Excerpt) Read more at online.wsj.com ...
It’s what you get with a phony president.
sounds racists....
Even the liberals are beginning to understand.
Eat yo peas, Mort.
Mort Zuckerman has been critical of Obama for years now. Too bad, he was fooled into voting for him in the first place.
Anyone fooled by this farce in the White House, even in 2008, couldn’t have been too bright to begin with.
Well, at least, he is fessing up to it. Many are too prideful and obstinate to admit to it.
So, who suffers more? The woefully ignorant masses who worship Obama, or those who see and understand the source of the unnecessary economic suffering?
Most of the scumbag’s “worshipers” are getting handouts-not much has changed for them-except for the multiple “free” cellphones they seem to have no problem getting.
It’s bound to run out soon and that’s when the changes will occur for them. I can hardly wait.
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