Labor Force Disappears in Obama’s Depression
May 6th, 2012 - 11:49 am
And for African-Americans, the labor force participation rate is only 60%.
The official unemployment rate is 8.1%. Include so-called discouraged workers, and it jumps to 15%. And if we include so-called long-term discouraged workers, the part of the adult working-age population that simply has disappeared from the labor force, it jumps to 22%, according to the website Shadow Government Statistics:
– thinks things are working out oh so well.
Meanwhile, as certain party hacks start thinking this isn’t working and begin to blame Captain Flap-ears, he stands there and shrugs his shoulders and blames them right back for “doing what you told me to do” plus the fact that deep in his rotten, misbegotten core, he doesn’t care.
Once his own wealth was assured, he couldn’t care less about anything that would actually create jobs. His whole goal is to destroy them, spend all the money, watch as the US economy burns. Then if he’s still in office, he can claim to come as the great saver by creating a despotic state, a task he’s already on track with. But ruining the US economy was first on his agenda and he knew exactly how to do it by pandering to those intellectuals who believed that you “have to spend money so as not to go broke”.
He was and still is happy to oblige them.
And, if he is no longer president, he probably figures he’s done enough damage to the nation and he can tack away and be home free with enough backing of a “racist America that undermined and usurped his great plans by not re-electing him”. He’s got cover for life on that.
Either way, he only cares about himself and his hatred of this nation has been evident since his days as a senator. Some lefties may suddenly have an epiphany but it’s really too late. For every one that does, there will be 10,000 who tell that lefty they’re a racist. It’ll be a very odd state of affairs for former D’oh-bama fans.
Remember, he said he was OK with being a one-term prezideezee. But only as long as he was able to at least seriously gut the US money machine.
However, he’s in for a surprise. Americans will figure out how to un-do his and his operative’s underhandedness. We’ll come out of it after a time stronger and smarter and better. In that sense, having such a corruptocrat for a president has been a blessing.
For the lefties, I say, “Careful what you wish for….”
Recovery faces three problems: The first is that far too many jobs got shipped outside the US to countries with labor costs a fifth to a fifteenth of ours. Money is like water, it flows downhill and collects at the lowest point. Realistically we no longer need as many workers as before to provide all the goods and services we require or are willing to pay for. Second problem is far too much government which drives up all sorts of costs and makes it even more expensive to produce goods and services here in the USA along with health care costs 50% higher than those of any other nation on Earth. The third is the fact that the USA spends about half of all money spend on national defense for the entire world. As Ron Paul has pointed out, the US maintains military bases in 130 countries. No other country comes close to spending what the US does on “defense”. None of these problems appear to be capable of resolution by either major political party today.
You have grossly underestimated yoiur enemy.
This has nothing to do with Obama and a few of his cronies getting rich. That’s merely a happy side-effect of their actual purpose.
I suggest you read Marx if you want to understand where the United States is today, and how it got there.
One of the largest reasons that the labor force is shrinking is that baby boomers are retiring to the tune of 10,000 a day. That has nothing to do with either party but everything to do with an aging population.
http://www.politifact.com/ohio/statements/2011/sep/26/john-boehner/house-speaker-john-boehner-says-10000-baby-boomers/
Yes, I’m sure that COMPLETELY escaped the notice of the Fed. Do they have a hotline? You’d better call them, stat.
Well, the article implies that the shrinking labor force is all do to the Obama Administrations policies and it leaves out some important demographic information. I would say that 10,000 baby boomers retiring each day (yes, EACH DAY) is pretty important.
Even if 10K ‘Boomers are retiring and the job they leave is being filled, not a certainty in today’s economy, its being filled does nothing to increase the size of the workforce, which needs to increase by 150K/mth. (IIRC) just to account for natural population increase.
In a down economy, it is by no means a certainty that positions vacated by retirees will be filled or filled at the same level. I know the left loves to trumpet the heartlessness of “corporate America,” but most companies try really hard to keep someone nearing retirement on until they’re eligible, and governments especially will do this. I’ve made agreements with unions concerning ageing employees near retirement whose performance was flagging that in exchange for their written and irrevocable resignation on the date of their eligibility for retirement we’d keep them on until that date so long as they behaved.
Well Cynical, there you go again. It seems that ole Art Chance just shot you down. See what happens when someone who has the world experience that you lack can do with shallow liberal “thinking”? Mincemeat is quite delicious. But do keep tryin’.
Ummmm, do you happen to know how many people are entering the workforce each day? How many of those jobs that the Boomers retired out of are backfilled by hiring? And, by the way, did you not notice that all of these stats have to do with WORKING AGE participation in the labor force. Generally, if you are retiring then you are not part of the working age population and thus do not count in these statistics anyhow.
But it’s cool to throw around some scary figures without any context to draw attention away from a significant issue.
Clearly, baby boomers retiring en-mass is significant. That is unless including that statistical data doesn’t support the conclusion you wish to reach.
http://www.washingtonpost.com/blogs/ezra-klein/post/the-incredible-shrinking-labor-force/2012/05/04/gIQANXAy1T_blog.html?wprss=rss_ezra-klein
Basic fact: the people turning 65 this year were born in 1947. Boomers seem to be following patterns set by GIs and in turn the Silent — staying active and staying in shape. The elderly Boomers smoked less than earlier generations and probably drink much less. Sure, we know about the dopers, but I figure that they either cleaned up their acts or are dead.
As working conditions worsen, retirement becomes a more attractive alternative to stretching out a career in decline.
There’s an easy fix for that: Increase the Social Security and Medicare retirement ages. That would give aging baby-boomers an incentive to remain in the workforce longer.
But so far, it’s been YOU Democrats who have fought that tooth and nail.
Social Security was supposed to keep the elderly out of poverty for the few years it would take for the Grim Reaper to take them. It was never intended to provide a 25 year long vacation for seniors who live till they’re 90 so they could golf and travel while America’s young workers paid for it all.
Obama, the can’t-do president.
I think he really well run his campaign on promoting increased dependency. It will be interesting to see if the majority of the electorate buys into this.
All the policies of this administration aimed at these results.
Subversives in fact do subvert.
They are doing what the Soviet Union and alqaeda could not do. They destroy America.
The fools who want to vote for the subversives to get “something” from the government don’t realize that soon there will be NO money to distribute or redistribute.
“If more than a fifth of adult Americans aren’t working, what are they living on? The answer is: they are living off transfer payments”. – Unfortunately, ACORN and other such groups will get them out to vote (at least once) for BHO.
So David, do you see Romney putting together any sort of coalition to beat BHO? Jon Tobin argues that Romney may face some very difficult hurdles in winning PA, a key “purple” state, and VA and NC, former “red” states (http://www.commentarymagazine.com/2012/05/04/state-polls-provide-illustrate-romney-difficult-path-presidential-election-obama-virgini/#more-792807). PA, FL and NC all have a lot of voters with a “dependent” POV.
Romney’s just getting started. Remember, no-one’s heard anything but negative ads about Republicans for most of the last year. We’re in a situation unlike anything we’ve seen before. And besides, Obama ate a dog.
I always thought the dog ate the dog. Learn something new every day.
dogmatic: a vending machine in the White House
Most Excellent!!
David – Thank you for the reply. I pray that Julia loves her dog more than her entitlements.
Boy, there’s gotta be a bumper sticker in there somewhere. “Romney: because I love my dog more than your tax-money.”
Well – needs work, but still.
No wonder the Obama loyalists are happy talking about eating dogs, fictional girlfriends, “he killed Osama and Romney would not have”, and slow-jamming the news–absolutely anything to keep people distracted so they don’t look at numbers like these.
It’s super that dependency worked out so well for BHO but the truth is we can’t afford to fund him and his type of economic approach. Not everyone has left the workforce so they can be part of the “Forward” campaign. How much is the “cool factor” worth to people as they enter the voting booth?
Tell you what…if Obama gets gas back under $2 a gallon and the unemployment rate back to Dubya levels, I’ll vote for him. Really, I will.
And the minute he’s reelected he’ll go back to his socialist policies. How will you feel then besides duped?
Let me fix that for ya!
Then you will never vote for Obama again. The taxes on a gallon of gas are approaching a dollar a gallon now.
If Obama is re-elected you will not have to worry about ever voting again. He will become another Chavez, Castro, KJI, etc etc
Mark my words.
Precisely. And I did not vote for him the first time.
congrats
you are well on your way towards becoming a proud europen nation, dwindling into the cutting edge off wellfare state.
bucle up. the riots are only a few years away.
And dont dispare, since you are fpllowing the european example, by the time islam takes over as the law of the land, men will again become a majority in the work force.
“The official unemployment rate is 8.1%. Include so-called discouraged workers, and it jumps to 15%”
Romney wins in November, NY Times headline January 21, 2013: Unemployment Jumps to 15% – Unexpectedly.
Yes, and the “homeless” population will explode, foreclosures will triple, and women and minorities will be the hardest hit.
Then anti-war protester will be on every corner.
THERE ARE 88.4 MILLION WORKING-AGE AMERICANS NOT IN THE LABOR FORCE.
WE SHOULD SEND THESE 88.4 MILLION SLACKERS OVERSEAS & LAUNCH A SERIES OF (PROFITABLE) TERRITORIAL CONQUESTS.
WE MUST UNLEASH THEM AGAINST COUNTRIES WITH ABUNDANT NATURAL RESOURCES & SEIZE THEIR OIL, NATURAL GAS, GOLD, HEROIN, MINERALS ETC.
WE WILL THEN SET UP MILITARY BASES IN ALL OF THE VANQUISHED TERRITORIES, & LEAVE OUR SOLDIERS THERE. THEN WE WILL DEMAND THEY PAY TRIBUTE TO US. AND WE COULD ALSO TAKE A SON FROM EVERY FAMILY & TRAIN THEM TO FIGHT IN OUR ARMY.
THROUGH THESE METHODS WE CAN CONQUER THE WORLD & DEFAULT ON ALL OF THOSE WHO OWN ARE DEBT. WE WILL DEFAULT & SAY TO CHINA, JAPAN, SAUDI ARABIA ETC. “WHAT ARE YOU GOING TO DO ABOUT IT?” IF THEY ARE STUBBORN & REFUSE TO SUBMIT, WE CAN THEN ATTACK THEM & SHOW THEM WHAT WE ARE CAPABLE OF & RAPE THEIR WOMEN & SEIZE THEIR WEALTH.
THIS IS THE ONLY WAY FOR AMERICA TO AVOID BANKRUPTCY, DEFEAT, & ANNIHILATION.
Go away, troll.
Wow. If not for the caps, I’d have been skeptical.
please, let me finish:
“Now small fowls flew screaming over the yet yawning gulf; a sullen white surf beat against its steep sides; then all collapsed, and the great shroud of the sea rolled on as it rolled five thousand years ago.”
What a shmuck.
There are many places on the internet, amazon.com comes to mind, where you can buy a military style cap with scrambled eggs on the bill, that’ll make you look like a Captain.
You can then, commandeer a cruise ship, and fill it with these “fools” you know of, and cruise off to conquer the world.
I’ll supply the champagne to christen your first voyage.
your point is:
Do unto them what they are doing unto us..
I get it..
stop treating those that would slaughter us as equals..
SHOUTING is both rude and stupid.
There might be one or two economics courses I didn’t take. In addition, I lived 20 years abroad in 7 countries, worked in 20 countries, and analyzed more than 50 countries.
I have have never seen such damning labor charts in over 40 years of following economic data. I cannot even imagine such a comparative depression-like record even in less developed countries.
The depressing factor in this depression is the fact that there is no excuse for the US of A to have not completely recovered and attained stellar growth rates.
I tried to warn RINO members of Congress against supporting the wastefull Obama stimulus. I was careful to point out the necessity for targeted fiscal objectives to stimulate key sectors of the economy as demanded by the economic criteria of specificity.
Nevertheless, the money was needly wasted on payoffs to friends of Obama and progressive/liberal/leftist causes that had nothing to do with immediate requirements of stimulus nor job growth.
Rather than deal with pressing requirements of urgency our national treasure was exacerbated by even more costly populist sinkholes like ObamaCare, Federal subsidized housing that precipitated the economic collapse, and the hallucinations of green energy.
Only a responsible leader would have had the leadership to set such costly extravegances aside for another day and focus on the immediacy of survival.
This willful subordination to socialist/progressive dogma stirred up the mobs into prison cells of dependency on government largese and away from the productive sectors capable of helping to revive all lifeboats into currents of self suficiency.
As long as big media stays in the tank for Barry he’s a shoe in. Sorry guys, I know the internet has worked wonders to get the news out but until ABCBNBCNNMSNBC report it it ain’t real. And they will have to see danger to themselves before they actually do any real reporting.
The non-participating labor force has joined the underground economy. Capitalism will rear its head despite the socialists in charge. LOL!
Ding Ding Ding, we have a winner! Child care, home improvement, auto repair and smoking cigarettes did not stop.
The graph at the URL is amazing. The number of employed Americans rises steadily through the Reagan years, declines a bit through Bush II, and plunges during Obama. Gee, I wonder why???
http://ricochet.com/main-feed/Four-Years-of-Obama-Undoes-Eight-Years-of-Reagan
The “Julia” campaign is the summary of Democratic strategy, both present and long term, looking both backwards and forwards. Male labor has been degraded and every new generation is more sclerotic, scarred, and choked by the bureaucracy’s restrictions and regulations. Respectable conservatives with no game will be laughing all the way to another lost election.
It’s been known forever that women become conservative after marriage, in fact more conservative than men in some respects. This is a most crucial issue the Republicans won’t touch, and haven’t touched, for over 50 years; Yet, they don’t understand why they keep losing/compromising, never getting ahead. Beta male nebbishes, the lot of ‘em. The nice guys always precede the revolution, and it’s not as if they weren’t warned.
Some of this, however, is certainly a slight growth in the economic underground. It always accompanies moral decay. The transfer payments chart is the most worrying, not the participation rate. Government level corruption is the hardest to tackle.
How is “DISPOSAL PERSONAL INCOME” calculated anyway? Is it just post-tax income?
Women never become as conservative as men, just less ‘liberal’. John Lott has done the definitive study.
The language used is a bit stiff.
Transfer payments is essentially welfare, unemployment, food stamps, and the new big 800# gorilla, disability.
The recurring theme is those not measured are not looking or have quit looking is, I think, misrepresenting the situation. They are looking, there just aren’t any jobs to meet the supply of workers.
Also, and I may be wrong, but these numbers don’t at all reflect the underemployed or, maybe more importantly, the self-employed. These assume the self-employed are earning what they historically have been. That’s not the case in my world.
Overlaying tax receipts to the graphs shown might be more sobering. If you can become more sober from what was presented – an awful situation.
The only really accurate measure the government has of those “looking” for work is its count of those looking through a state department of labor’s unemployment security offices, e.g., Job Service or whatever a state may call it. They try to supplement that data with polling, but it is very difficult to get any accurate measure of those looking at the newspaper ads, looking on Monster or one of the other online employment services etc. And by saying accurate measure, I mean that it is the only one that has potential to be accurate, but the state labor data is very susceptible to manipulation, and since almost all state departments of labor are AFL-CIO chattel, you can imagine who such manipulation would favor.
They’re all in the valley in the Colorado Rockies, with John Galt, of course.
Spengler, How can you write an article about JOBS, and not mention the elephant in the living room. Or in the bedroom, depending on where you want to put that elephant. I am of course talking about the 40 million immigrants (90% from the Third World) who have been brought into the country by the Democrats (for votes & to increase the demand for public services & grow the government) & Republicans (they want cheap labor). Every year another 1.5 million immigrants flood into the country & drive down wages & take jobs from the most vulnerable Americans. Why are we doing this to our fellow Americans?
Also, not a single word about “free trade”. From 2000 to 2010, America lost 6 million manufacturing jobs, 1 in every 3 we had, and saw 55,000 factories close. “Free trade” has been a disaster for America. “Free trade” is responsible for the destruction of our manufacturing base in this country, the outsourcing of 6 million manufacturing jobs, and the disappearing middle class.
The big business–globalist–Wall Street Journal–open borders–free trade crowd love “free trade” and mass immigration. The Republican base — working class and middle class whites (in Middle America) — have been destroyed by “free trade” and mass immigration. Yet the Republican elites don’t give a damn about their own voters. They are so greedy, they can’t stop screwing their own voters. And Republican voters are such pushovers they won’t even stand up to defend themselves from the assault being perpetrated on them by their own “leaders”. If the Republican base won’t stand up for themselves, then they deserve what is being done to them (by their own “leaders”).
Immigration & “free trade” (and exploding entitlement spending – but that’s another story) are the primary factors responsible for the destruction of the U.S. economy.
erm…… you a Ron Paul voter by any chance?……….
@lzzrdgrrl – No, I am not a Ron Paul supporter.
What makes you think I am a Ron Paul supporter? Isn’t Paul a libertarian free-trader, who believes in open borders?
Is anyone capable of refuting what I have written?
Any takers?
uhm….. That the number of ‘guest workers’ is actually decreasing while net unemployment remains the same or is increasing?………
It’s as David said – too many people collecting transfer payments and not enough working, the net discrepancy being supported by borrowing. Nothing else comes a close second. Oh, and those jobs? They are not coming back. Globalisation is a fact that has happened and our best bet is to produce stuff that other people want. All those oil reserves? Export ‘em. Don’t consume it on the domestic market only so we can have sub-three dollar petrol…….
Outstanding! May I also add the “tions” to the list of why we have lost our manufacturing base. Litigation, unization, regulation and taxation.
Whoa- so many statistics here that it just gets plain confusing. Let’s deal in the real numbers. When we who are not enthralled with the government find ourselves being beckoned to the eastern flank of the Sierra courtesy of the Homeland Security/FEMA/NDAA helping hand, the only numbers to know will be the ballistics tables for the caliber you have on hand, how many people you can trade with who have something to trade, how long you can hold out, and how many books you’ll burn to stay warm. But then, I am wildly optimistic at times.
“No one could run for re-election as dogcatcher with this record…”
I dunno, Obama seems to know much more about dogs than almost everything else; dogcatcher may be the only job he’s really qualified for.
Perish the thought, we would overrun with stray mutts, excluding those Obama has not lunched on.
“No one could run for re-election as dogcatcher with this record — except for the cynical presumption that Americans have become so dependent on the state that they have lost hope of working again, and will vote for more state dependency.”
I hope not, but that’s what the French just did, and we’re looking more and more like France every day.
Nice article, Mr. Goldman. Excellent data and graphs. Awesome food for thought.
BUT; You do know that it’s wasted on an intellect like Obama’s. There’s no way to simplify this information to get Obama to understand it, or even really care about it.
Unless you have an essay that gives you a stomach ache with it’s vitriol and anguish, don’t expect to appeal and actually communicate with anyone other than the minions already ready, willing, and able, to jump in the nearest volcano to display their loyalty to the DUMBEST MAN TO EVER INHABIT THE WHITE HOUSE.
Obama’s problem is not his lack of understanding, or his lack of intellect.
He’s a Marxist, not an idiot.
Understand that and all is clear. Blame his actions on lack of intelligence and very little makes sense.
I’m really having a hard time understanding why so many conservatives continue to underestimate this guy.
Apples/oranges; Marxist/dummy;
His true intellect is on full display when he speaks off the cuff. Which, is hardly ever.
Since he has been weaned by Marxist parents and foster parents, coddled by Marxist sympathizers and mentors, and is now pressured and used as an instrument by active communists within our own government, what’s so difficult about his knee jerk reaction to make decisions accordingly?
So he gives a tele-prompter sermon every couple of days, where he does nothing but preen in front of a submissive group of sympathizers. Then it’s off to a lavish feast that costs the taxpayer millions of dollars for security and transportation, where he disparages another icon of the Free World.
If I remember correctly, Pavlov did some experiments that illustrate this behavior. But, I don’t think he ever ate any of his lab animals.
I agree with Mark v. BHO is no dummy. He is brilliant. Exceptionally dangerous, disciplined, and brilliant. He should not be underestimated.
Another PJM author wrote an article titled (or finished it with) something along the lines of “Obama moves on to higher office in 2016″. I agree with that assessment. His actions don’t make sense in any other context. Some consider him a fool, but collectively analyzed his actions don’t support that view. Some say he is genuinely caring for people of color (or the downtrodden, or the oppressed), but collectively considered his actions don’t support that view. Some may say he believes that corporate America is the cause of all problems, but collectively considered his actions don’t support that view. Some say he is trying to heal the environment, but his actions don’t support that view.
The narrative that makes all the confused muddle of statements, promises, legislation, speeches, back-tracks, distortions, lies, deceptions, and outright outrageous denial of reality fit into any coherent pattern is to consider that his goal is to deeply wound, perhaps fatally, the United States of America. It also appears he is paving the way for tyranny and making it as difficult as possible for this country to right itself.
I think we are all making arguments that we cannot specifically quantify with the subjective data and information we now have at our disposal. (And this is used for the advantage by the Regime and Big Media, although his administrative record, to date, indicates incompetence).
But, I still maintain he merely makes decisions based on conditioned responses from his communist indoctrination, and the most influential in his regime, which, are in charge of the tele-prompter and campaign operations.
Even when in an interview with a Big Media carnival barker, he is corrected on his speech (i.e. the Stephanopolous interview, etc.). At least this disproves his “discipline” and “brilliance”.
“Dangerous”? Absolutely.
“Despotic”? Positively.
“Marxist”? Assuredly.
BUT;He couldn’t pull this off without the Regime he has behind him pulling the strings.
I have maintained since I first heard his speeches in ’05 and ’06, that he was already a marionette managed by the communists entrenched in our government.
The problem we have goes way beyond Obama. He is only a small cog in the entire communist mechanism.
I’m going to imply something from the second chart.
It appears to me that the period just post-WWII through 1960 shows the economy trying to bounce back to it’s former levels, despite several recessions. However, at 1960 onwards, it no longer seems to be recovering at *all* post each recession – or in the good times between them.
And the only thing I keep thinking is, “the 1960s is when the ‘Great Society truly began,” and everything has followed from there.
Though math and science trained, I am neither a statistician nor an economist. So Perhaps this is just me imagining this.
Anyone?
The author of the chart may have intended to imply something. The viewers of the chart may infer something.
Grammar aside, I think your analysis is correct.
A minor quibble with the “10,000 boomers retiring every day” theme. What the article cited actually says is that these are boomers who are receiving retirement benefits, not the same as those who aren’t working. There are lots of people receiving Social Security who are still working. Still bad news for entitlements. but if 10,000 people retired every day wouldn’t that open up 10,000 jobs a day for younger workers?
All the relevant statistics take retirement into account. The boomer issue has nothing to do with labor force participation.
How do the statistics take baby boomer retirement into account? When someone retires they are either part of the labor force or they aren’t. That impacts the size of the labor force. If they still work part time, as many retirees do, then they are still part of the labor force.
Liver births in the US averaged 3million a year from 1945-1950. That is the age group that is retiring now.
Live births int he US from 1989-1994 averaged 4 million a year. That is the age group that should be entering the labor force now.
4 million is 33% larger than 3 million. The working age population is growing, not shrinking, despite the retirement of the early baby boomers. The idea that baby boomers retiring is the cause of the catastrophic numbers in Mr Goldman’s post is a socialist lie.
The data does not support your assumption that the “working population is growing.”
http://www.washingtonpost.com/blogs/ezra-klein/post/the-incredible-shrinking-labor-force/2012/05/04/gIQANXAy1T_blog.html?wprss=rss_ezra-klein
The data indicates that it is shrinking, and has been since 2000, and will continue to do so for some time.
Cynical Wonder.
The article you linked is about the labor force participation rate. Not the size of the working age population of 18-66 year olds.
That population was:
218 million in Jan 2002
237 million in Jan 2010
243.5 million in Jan 2012
Those 10K jobs being vacated by retiring ‘Boomers may or may not be filled, but even if they are, that vacancy isn’t a job created. Even filling it does nothing to increase the size of the workforce which needs to increase by upwards of 150K/mth. (IIRC) just to account for natural increase.
You can bounce that around in your head however you wish, but if a baby boomer retires and that job is not subsequently filled with a replacement worker, that will be reflected as shrinkage of the workforce since a position has been statistically eliminated. I understand how the baby boomer retirement issue kinda throws a wrench in your meme, however, but it is fun watching you twist yourself into intellectual contortions trying to explain it away. lol.
http://www.washingtonpost.com/blogs/ezra-klein/post/the-incredible-shrinking-labor-force/2012/05/04/gIQANXAy1T_blog.html?wprss=rss_ezra-klein
I know you lefty idiots don’t do that paternalistic, Eurocentric logic stuff, but I’m not the one twisting here, you effing fool. The retirees don’t effect the workforce participation; period. If a retirees job is filled, the workforce hasn’t increased. If a retirees job is filled at a lower level, it doesn’t effect the size of the workforce. If a retiree’s job is not filled, it still doesn’t effect the number of people seeking employment, on the number employed, so since the participation rate is those employed or seeking employment, it still doesn’t effect the participation rate. Just what is it that a lefty fool like you does for a living; gotta’ be a teacher or somebody who works in a Democrat government because somebody as dumb as you couldn’t survive elsewhere. Are you typing from one of the public use computers at a library or homeless shelter maybe?
“WE MUST UNLEASH THEM AGAINST COUNTRIES WITH ABUNDANT NATURAL RESOURCES & SEIZE THEIR OIL, NATURAL GAS, GOLD, HEROIN, MINERALS ETC.” I guess that’s how Adolph cut unemployment in Germany once upon a time. Those who were working in camps didn’t count as unemployed either.
Speaking of fascists, why I am not surprised that when Greek parties that want to toss the Government Sachs boys out on their rears win, they’re denounced as neo-Nazis? I thought they were the ones launching ther campaigns from Greek villages the Nazis wiped out in their (premature) bid to unite Europe under German hegemony in the 40s? Oh well, reality always can be turned on its head. The victory of these parties (some of which say they’d welcome more Russian investment if not the Russian Med fleet at the Pireaus) means we’ll be hearing how they’re all Greek Commie-Nazis, like the villains in that Simpsons Schwarzenegger spoof cartoon, McBain. Anything but the truth, that they would eagerly welcome being kicked out of the EU as an amputation that saves the (Greek) patient from dying in austerity agony.
No I’m not exagerrating. Look at the tweets. The Economist’s lead writer on Russia also retweets Estonian nationalists’ tweets about Konigsberg, er, Kaliningrad being ‘occupied European territory’. European being the euphemism here for the former Reich. Re-tweet certainly doesn’t equal automatic agreement, but your mileage may vary.
And as for the commenters’ thought above about NDAA etc, I personally think the feds are just stockpiling hundreds of millions of rounds just to make it more expensive for everyone else. Since apparently guns and ammo are the new gold. Or they’re anticipating inflation in metals and wanna buy all those jacketed rounds while they’re ‘cheap’.
Tilted 90 degrees counterclockwise (i.e., to the left), the graphs are much more encouraging.
A different perspective makes all the difference.
Don’t make such public suggestions, lest they miraculously appear as the next Obama Administration trick to delude the Sheeple.
This is NOT about the absolute size of the labor force but about the PERCENTAGE of adults of working age who actually are working or are considered part of the labor force. That is why the boomer retirement wave has nothing to do with the calculations.
People retiring does impact the “absolute” size of the labor force. Especially, if those positions are not given to another worker for a variety of reasons (i.e. automation, job shipped overseas, etc.).
Sure, but isn’t that number retiring also being reduced or even countered by the number entering the workforce (kids turning 18, plus legal immigration)?
Dunno, why I am mentioning it.
It better be.
Because that’s what the dupes from the Left like Cynical Wonder have been using to assure those of us skeptical of receiving Social Security that the fund will remain solvent.
The short answer to your question is no.
http://www.washingtonpost.com/blogs/ezra-klein/post/the-incredible-shrinking-labor-force/2012/05/04/gIQANXAy1T_blog.html?wprss=rss_ezra-klein
Nobody here except you, lefty idiot, would consider anything from the WaPo to be reliable. WaPo is the Left’s Pravda, the NYT its Isvestia; in the Truth there is no news, in the News there is no truth.
The United States is in slow motion economic collapse due to the Obama Administrations policy of bailing out cronies (TBTF Banks, Campaign contributors such as Solindra, GM…) and “strip mine the wealth” fascist economics.
We all know where this road ends, Greece 6 months from now, Argentina in 2001, Zimbabwe and most African/Middle Eastern nations over the last 3 decades.
Remember, Rome did not fall in a day either…
The Participation Rate is 63.6%.
Your point is? 63.0 to 63.6 is within the reporting error. Under the last administration it never fell below 65.5%. It was only after the ‘great recession’ was declared over by the Obama administration and the stimulus was being anticipated then implemented by them that it nosedived..
David, Jim Willie says the EuroMark is already in the works, with the French being offered the role of the heels who destroyed the euro (actually delivered the coup de grace) in return for getting to manage a toxic ‘Club Med’ Central Bank for the PIIGS. What a deal for Paris and their new Socialist PM, huh?
Meanwhile Willie’s in the ‘new Rapallo camp’, thinks breakup of EU is long term prelude to Eurasian Union. Didn’t Chancellor Bethmann von Hollweg believe Germany’s future was always in the East in the 19-teens?
Agree with Random Blowhard above. The Occupy dupes all think they’re gonna get socialism and they get fascism instead, every time.
I remember (about 1981 or 1982) hearing economists at the national philanthropic foundation I was working for at the time discussing future employment prospects in the U.S. for black men. The overriding opinion among this group (all men) was that the relatively new mass female entry into the business world was slowly but surely going to lead to a depression in salaries all around, and – most seriously – a loss of jobs for men of all colors, given that women were willing to work for less. It seems as if that prophecy has come true, especially since major areas of the economy have been “outsourced.”
And still our news media repeat the Communist claims. Three years since the recession ended and counting. At this rate, unemployment will be down to 6% by November and nobody will have a job at the same time. And, I truly believe the majority of voters will still be believing them. Comrade Obama will end up as President for life and the Politburo will tell us to get in line for our rations of rice early, if we expect to get any. Sheesh. ABO2012
The employment to population ratio is an even better indicator of the state of the economy than the labor force participation rate.
http://research.stlouisfed.org/fred2/series/EMRATIO
The employment to population ratio is an even better indicator of the state of the economy than the labor force participation rate.
Huh? I thought they were two different names for the same thing. How would they not be?
Labor force participation is everyone working and looking for a job. The last is open to a lot of political manipulation.
Employed to population ratio is exactly that. A ratio of employed people compared to the total population.
“Obama’s hope for re-election lies in dependency. No one could run for re-election as dogcatcher with this record — except for the cynical presumption that Americans have become so dependent on the state that they have lost hope of working again, and will vote for more state dependency.”
In that case this election will be more revealing than any election in US history in that in will clearly describe the fate of the US. A vote for Obama is a vote for American termination, the final chapter on America as a great state.
BTW while reading the comments here there was a TV ad by the Obami trying to associate ROMNEY with the high price of oil. I cannot remember an election, other than 2008, in which logical argument was so supplanted by absurd and blatantly fraudulent emotional appeal.
David Goldman: You will truly enjoy the website link above.
My favorite graph demonstrating the actual state of the American economy is:
Series Id: LNS12300000
Series title: (Seasonally Adjusted) Employment-Population Ratio
Labor force status: Employment-population ratio
Type of data: Percent or rate
Age: 16 years and over
Specify 2002 to 2012 at data.bls.gov (yes, these are official US govt. statistics).
The ratio stays between 62 — 63% from 2002 through 2007. The number then declines smoothly from 1/2008 until Q4 2009 when it hits 58.5, where it has stayed within a couple of tenths since then.
The ball bounces along the top of the table, rolls off, hits the floor and rolls on with a couple of small bounces.
The only words I know to describe it are: “It’s dead, Jim”.
Yup. I’ve published that graph before.
Not a single post addresses cause of US economic Collapse;
Since 1971, the US dollar has lost 90% of its value. This is the root cause of America’s economic free fall, and resulting collapse of manufacturing and massive deficit spending.
In 1971 the US Dollar was converted to a Petro- Dollar backed by full faith and credit of Saudi Arabian Petroluem reserve accounts.
This is the root cause of America’s woes, the evisceration of US Dollar by the US government to allow massive spending and entitlement programs, and it did this openly without anyone resisting.
We get the government we deserve.
That’s just cult babble. The US economy did magnificently between 1981 and the late 1990s — it was the wonder of the world, creating a set of new industries that transformed the world. It deteriorated during the 2000s. Chalking everything up to monetary policy is silly.
http://pjmedia.com/richardfernandez/2012/05/06/an-ode-to-cheese/#more-21900
David, it’s so bad in Spain young Spaniards are now going to Mexico for work. Not unlike this American who briefly worked in Russia before returning to the U.S.
EOT for me.
I’m over here in China and let me tell you the Chinese are HUNGRY for an improved life. They work their asses off over here. The “social contract” is just different here. Men work, women work, the rich work, THE POOR WORK and there’s no real welfare program to speak of. I’m afraid that America is just not as hungry as it needs to be for the next century.
As for CAPTAIN ALLCAPS, um, wrong century dude.
Roosted Chicken Recipe: 1 fanatical preacher. 1 microphone. 20 loudspeakers. invite Oprah and gang. Serves about 500 guests per seating.
So the Chicago Cubs decided to take a bite. Tastes like chicken.
And let’s not forget about the 125,000 legal immigrant visas issued EVERY MONTH, and the estimated 800,000-900,000 new illegal immigrants every year and even a stooge can see that unemployment isn’t going down anytime soon…
Nearly all other civilized countries immediatly cut back on immigration when they are in a recession and have high unemployment…but not America! Our gov’t NEEDS all these new dependents to keep them in power.
For all you fools that take issue with Mr. Goldman, there’s Dr. Victor Davis Hanson, with historical documentation proving the Obama regime’s failings.
Of course, this information will be challenging, and hard for you to digest, since you are products of the last several decades of progressive mis-education.
But, if you play up your ignorance well enough, you could qualify for disability compensation.
It may be a silly observation on my part but since I have no belief in anything coming out of D.C. anymore, why am I believing any unemployment or employment numbers coming out of D.C. now? Ticks me off catching myself in an infinite loop.
And of course of those baby boomers the next generation will find it beneath them and not enough monies to work for the jobs the boomers held.
I saw a poll the other day that said that both Obama and Romney were tied at 46% each. My first thought was, “Given the miderable economy, how did Obama get 46% of anybody to vote for him? What must those people be like and where are the votes coming from?” Then it hit me. We could be getting to the point where almost 50% of this country is actually dependent on the government for just about everything. If that’s the case, we are rapidly approaching European levels of the social-welfare state. And the more people become addicted to the government for their support, the less likely they will be to vote it out of power.
Just look at the recent elections in Europe. Counrties like Greece and France are in terrible economic shape, yet the socialists are getting back into power. People are saying “to heck with austerity” and “give me my ‘free’ stuff!” What the morons don’t understand is that there is no such thing as “free” stuff, only how much more taxes you’ll have to pay for all the benefits. This really could be the last election where a majority of Americans decide not to vote for more socialism. Hope the American people are smart enough to take that last chance. If not, we’ll end up just like Greece.
“Just look at the recent elections in Europe. Counrties like Greece and France are in terrible economic shape, yet the socialists are getting back into power. People are saying “to heck with austerity” and “give me my ‘free’ stuff!”
Actually what they are saying is no to austerity for the poor and middle class and yes to no more welfare for big banks and corporations (and the people who run them). Not only is it immoral, it doesn’t work. The most surprising thing is that it took the French, of all people, this long to figure it out. How many jobs did the Bush tax cuts create? And you people want more failure? This is why we won’t even see Bush’s fact at the GOP convention. He’ll be the crazy sister they had to lock up in the attic.
Are government employees (and contractors, consultants, etc to some extent) counted in employment stats?
I ask because they don’t actually grow the pie; they simply file and recycle other people’s money in a split with other govt employees.
The most transparent administration has more work to do, getting the facts out to We The People.
Since March 2011 to March 2012, 26 enterprises directly or indirectly related to America’s renewable energy iniciatives have or are in the process of filing for bankruptcy. Some 45 coal fired electricity producing plants have been closed(off grid), with another 160 or so scheduled for closing by EPA in the not too distant future. Coupled to this EPA iniciative are some 5 or 6 coal mine closures with another 14 scheduled for closing this year. These numbers have devastated whole communities, increased unemployment and swelled the ranks of government welfare recipients. Nowhere is this, U-3 or U-6, unemployment number reported. See ShadowStats charts, especially U-6.
This is a comprehensive list of failed “Green” iniciatives by this administration, unreported, but very real. Cost to taxpayers: $1.1 trillion dollars.
March 2011 to March 2012.
Evergreen Solar, Solyndra, Luminant Energy, Ecotality, Raser Technologies, Nevada Geothermal Power, US Geothermal, Fisker Electronic Car Co., Tesla Electronic Car Co., Ameren Corp., Beacon Power Corp., General Motors, A123, Enerdel, Johnson Controls(Apterra Car Maker), Range Fuels(later bought by Lunatech, New Zealand + $7 million dollars in grants), TARP (bailed out 458 companies), Enerl Ind. And Enerdel, Amonix, Pathstone, First Energy Corp., Energy Conversion Devices (ECD), United Solar Ovonic, Abound Solar, Solar Trust of America, Solar Millinium (Germany).
Renewable “Green” energy source requirements (2010 reports) have increased costs, on average 32%:
1)29 states have adopted new standards including DC and Puerto Rico
2)Residential rate increases = 31.9% higher than in remaining 21 other states
3)Industrial rate increases = 30.7% higher
4)Commercial rate increases = 27.4% higher
Some facts:
1)Wind was 17 times higher than the cost of nuclear power
2)Wind was 5 times higher than the cost of coal power
3)Solar was 31 times higher than the cost of nuclear power
4)Solar was 9 times higher than the cost of coal power
As of 3/29/2011 Nuclear power generated 13.5% of all world electricity and solar a mere 0.6%.
Solar panel production:
China: 2003= 1%….2009= 38%
USA: 2003=14%…2009= 4%
USA Manufacturing Jobs: 1979= 19.4 million…2010=11.5 million
USA service employees: 1979= 64.9 million…2010=112.1 million
Total manufacturing facilities: 2001= 398,887…2010=342,647 million (loss of 56,240) 2010 alone 8,660 factories closed their doors. Over 11 year period this is 14 factories per day closing their doors.
This is this administration’s legacy to We The People of the USof A. Wake-up. It will take a generation to restore merely what has been lost. Amen.
Breaking News: Solar Company Gets Loan Guarantee From Taxpayers And Lays Off Workers
(26 Apr 2012) First Solar Inc., the largest solar panel manufacturer in the U.S., is laying off 2,000 workers (30%) and closing factories, after receiving $3.1 billion in federal loan guarantees last year. Their stock was $160 a share a year ago and is now $18. (Source: 17 Apr. 2012 The Blaze)
EPA Curtails Burning Of Coal In U.S. — Exports More Than Double In 5 Years
(25 Apr 2012) Coal exports topped 107 million tons worth almost $16 billion in 2011 … more than double the export volume in 2006. The coal will be burned in other countries. (Source: 10 Apr. 2012 Cowboy Byte)
Germany: Our Green Energy Future
May 2, 2012 6:53 am Every year 600,000 households (2 million people) are getting their power switched off in Germany because they can’t afford the skyrocketing electric bills. At that rate the country (population 80 million) will become blacked-out like North Korea by 2050.
It’s one way of reducing carbon emissions – just catapult your population back to the Stone Age. Online German flagship daily Die Welt has an article on how skyrocketing electricity prices are making electricity unaffordable for a large number of Germans.
…
Over 10 years ago Germany enacted the Renewable Energy Feed-In Act (EEG) which requires power companies to pay small producers of renewable energy exorbitant rates for their “green power.” The power companies in turn simply pass the higher prices on to their customers. Electricity prices rose 10% in 2011 alone!
And renewable “green enrgy” costs in the USA averaged 32%.
Dismal Chevy Volt Sales
(5 May 2012) For 2012, Government Motors, GM, had set a goal of about 45,000 Volt sales in the U.S. Through the first third of the year, GM sold just 5377, 12% of the annual goal. (Source: 1 May 2012 GM.com)
35% Of Gasoline Road / Highway Taxes Spent On Earmarks And Public Transit
(5 May 2012) In a typical year only about 65 cents of every gasoline tax dollar is spent on roads and highways. The rest is intercepted by members of Congress for earmarks and the public transit lobby. Since 1982, public transit subsidies have totaled $750 billion in today’s dollars, yet the share of travelers using public transit has fallen by nearly one-third. In 2010, more people walked to work or telecommuted than used public transit in most major cities. (Sources: Wall Street Journal, Heritage Foundation, 27 Apr. 2012 Tea Party Economist)
Conclusion: Mr. Obama’s administration the most transparent? How? God Bless America!
What? It’s all working out according to (his) plan!
I haven’t seen anyone address the tsunami that hit the labor market when the 2007-08 Congress increased the minimum wage 40%, and Bush signed it. Did any workers become 40% more productive? What happened in practice is that some workers got paid 40% more (with an increased workload), and many other workers got paid 100% less – i.e., were laid off. How’s that living wage working out for you?
a fifth of personal income is transfer payments. The math is simple.
Maybe, but the interpretation isn’t. Look at that last chart, ‘Transfer payments as % of disposable personal income’: the spike during the ’74-75 recession mirrors (more accurately, is very similar to) the 2008-09 mess. We recovered relatively fast from the earlier recession, though markets and economy didn’t really lift off until after 1982. What’s to say the same won’t happen again?
Glaring omission: there’s no attempt to compare the modern experience with the 1930s, the closest analogy to 2008 and aftermath. Reliable/equivalent data likely don’t exist, a rather large problem, but you can’t just dismiss the period without mention. Nor is there any attempt to adjust for demographic/social shifts — not just working/non-working women, but also all those folks who rush to collect SocSec at age 62-1/2. And how about the massive rise in disability claims in the last couple of years, which ‘coincidentally’ seems synchronized with the end of unemployment benefits? Whatever it means, it doesn’t justify the conclusion that people who haven’t found jobs have actually given up completely and withdrawn from the labor force forever. Some will simply be trying to put food on the table while they continue the search.
I’m no economist, so maybe all this is irrelevant. If so, do tell.
As for the retirement question, do the statistics “know” who is retired, if they retire before age 65 and are not on Social Security? What is the number for total retirees, and are they broken down into age? Inquiring minds want to know.
Dee-white, you’re a pompous lefty ass without an inquiring mind and you don’t really want to know, but in case someone reading does: A retired person not seeking employment is not unemployed. The only somewhat objective measure the USBLS has is the number of people drawing UI, which requires you to at least make a pretense of seeking another job, and the number of people seeking jobs through a UI office whether drawing UI or not. The USBLS tries to supplement the workforce participation data by polling to try to identify those who aren’t eligible for UI, aren’t seeking employment through a UI office, but nevertheless are in some fashion seeking employment, which could be anything from reading the “Help Wanted” ads, to standing on the corner at Home Depot, to signing up with an executive Head Hunter agency. That supplemental data from polling is very inaccurate and even the state UI data is susceptible to manipulation for political reasons since most state labor departments are the AFL-CIO’s chattel.
Again, we see a fine article written from the perspective of a man who believes in the principles the United States was founded on and who fears for the country and the people.
But the key point made by such such authors is simply farting in the wind.
Rising unemployment isn’t a failure of obamanomics, it’s a feature of his plan. He isn’t worried, he’s thrilled.
America can’t be reconstructed if the country succeeds as it was designed. The old standards must be thoroughly disproven before the country can be rebuilt in the Marxist image…the same image that the divine rulers used from 10 millenia to firmly put themselves in in positions of unassailable power. They have always enjoyed fighting amongst themselves for greater and greater power (of course, with OUR blood as their weapons), but they have no intention ever again of having to fight the people for their right to unimaginable wealth and their god-given right to rule over us in eternity. We need to get back to scrubbing their shit-houses immediately.
The numbers are bad, all things being equal we’re at 11% unemployment using the labor participation rate of 2008. But, never fear, it can get worse. According to legislation we have in place, Taxmaggedon will hit next year. There will be a flight of capital, a plunge in federal revenues, and a much bigger recession that could end in an employment and profits meltdown that sends many more out of work.
This could be, after decades of looking at predictable demographic trends and a short funding of giant untenable programs. Could this finally be it? Could this finally, at long last, be the bond market meltdown we’ve all been waiting form the one that forces the dollar into the pits and wipes out retirements as 401K values disappear as the banks teeter, rattling their too-big-to-fail Dodd-Frank welfare cups.
“That’s just cult babble. The US economy did magnificently between 1981 and the late 1990s — it was the wonder of the world, creating a set of new industries that transformed the world. It deteriorated during the 2000s. Chalking everything up to monetary policy is silly”
Monetary policy that destroys the purchasing power of the US Dollar is Cult babble..??
the US did OK from 81 to 1990′s due to free flowing credit to pay for these new industries. Unfortunately underlying foundation was created on the Petro- Dollar which can only go in one direction; ever spiraling downward into collapse. Once purchase power of the Dollar passed a tipping point in the mid 1990′s, there is nowhere to go but international collapse which we are witnessing today.
There are hundreds of references for this, and you do the readers no favors by ignoring the root cause of economic collapse in America
http://www.google.com.hk/#hl=en&newwindow=1&safe=strict&site=&source=hp&q=US+dollar+collapse+since+1971&oq=US+dollar+collapse+since+1971&aq=f&aqi=&aql=&gs_l=hp.3…1571.6915.0.7227.29.21.0.1.1.0.514.3489.0j4j2j4j1j1.12.0…0.0.r8927Ug8YBg&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=51f80e0c1be1e947&biw=1280&bih=709
Fortibus85, re: “I agree with Mark v. BHO is no dummy. He is brilliant. Exceptionally dangerous, disciplined, and brilliant. He should not be underestimated. Another PJM author wrote an article titled (or finished it with) something along the lines of “Obama moves on to higher office in 2016″.
Well-said… Obama has achieved much of what he set out to do; by that standard, he has been a very “successful” chief executive. The problem is that his definition of success runs utterly counter to that of traditional Americans. However, by the measuring stick used by the neo-communists and his other allies, Obama has been very successful indeed.
As for that “higher office,” Obama is a would-be dictator and should be regarded as such. Both the manner in which he took the Oval Office (i.e., by what qualifies as a de facto bloodless coup d’etat)and his actions since doing so support that conclusion.
Great article, but your graphs show that it’s the Bush – Clinton – Shrub – Obummer economic depression.
more such graphs, showing components of Civilian Population 16 and Older, duration of unemployment, LFPR by age ranges, employment/population ratios, selected industries and occupations:
http://www.kermitrose.com/jgoEconData.html
Alex above is correct, once China began to rise as a grea industrial and eventual financial power (coinciding with Europe’s demographic peak and decline which David has documented so well) the dollar as a purely fiat creation for TransAtlantic-Trilateral member circulation was doomed. Either the U.S. was going to return to sound money and/or balanced budgets or foreigners were going to do the job for us by rejecting our currency and force us to swallow the hard medicine.
It has reached the point now where I see certain folks on Twitter actively propagating the truly wicked lie that their fellow Americans who’ve lost faith in the dollar and are turning to gold and silver or other hard assets are either agents or dupes of foreign powers, principally Russia (see @ReginaldQuill for an example), simply because Russia Today TV gives libertarians some air time. This sort of Stalinist/Stasi rhetoric when you think about it was also inevitable. Failed central planners always blame ‘wreckers’ and ‘profiteers’ for the shortages they create. The idea that the gold bugs have created empires for themselves rivalling the likes of JPM or Government Sachs’ fiat bonuses is of course, preposterous. But that won’t stop them from trying to delay the inevitable for a while with lies. Look at how well this Federal Reserve, ECB and BOJ have all done in driving done Comex gold, which has only led to a greater Chinese (and rumored, German/Russian/Mideastern) buying frenzy.
MarcH made a point in another thread that he thinks Syria would be a walkover for U.S.-led NATO forces. But the key there is U.S.-led, in the sense that yes enough of Assad’s forces can be bribed to abandon him as the Republican Guard all melted away upon the U.S./British advance in 2003. But they cannot be bribed to abandon their own communities to the tender mercies of the Muslim Brotherhood if they happen to be secular Sunnis, Christians or even worse, members of Assad’s own Alawite clan.
Thus even in the unlikely event Obama (or for that matter, even a post-elected Romney) sends in the Marines to the shores of Tartus, the U.S. military will not be able to prevent post-occupation chaos as in Iraq. David understands this basic tribal fact, and thinks that U.S. policy should be chaos since that’s all we can reasonably expect from a region as badly screwed as the Mideast. While I too recoil in horror I must nonetheless respect David’s position as being more honest than the neocon pap about democratization and everyone singing kumbaya, the KLA training the Syrian opposition fighters not being terrorists, and the nationalist thugs who attacked riot police and peaceful protesters with Molotov cocktails last Sunday in Moscow all being democrats etc etc etc.
In defense of Alex’ garbled ‘cult babble’…”Since 1971, the US dollar has lost 90% of its value” not quite, but it has lost 99% of its value since the introduction of the Federal Reserve system in 1913.
David argues magnificently his case in other areas, but when confronted with sound money true believers (and I should mention that doesn’t exclusively mean gold or silver, we could have a petro-backed currency if we drilled as aggressively in this country as the Russians or Brazilians do in theirs)…his arguments tend to devolve into sound bites.
But at least David dismisses gold bugs as cultists, not as Kremlin agents trying to revive the Confederacy. Such idiots really do exist out there, as do journalists who cannot control their compulsions to call Kaliningrad ‘occupied European (read: German) territory’ or piss on the Russian people on their most sacred national holiday.
Finally on the question of going into Syria, there’s the small matter admittedly of several Republican members of Congress having already endorsed South Carolina Congressman Walter Jones’ impeachment resolution of Obama if he fails to consult Congress on yet another Libya-like war of choice.
In some sense I’m not arguing against David only agreeing with him from a different angle when he says that foreigners saved so we didn’t have to. Surely unlimited monetary creation also qualifies as a form of subprime/dirt cheap mortgages that foreigners also paid for but cannot pay for anymore. So whether or not you happen to like Ron Paul, we’re going to have austerity in America. Hopefully we can avoid getting locked in a monetary straitjacket like the Greeks with a total loss of sovereignty to some supranational currency the Obamanoids would love. After all, David may dismiss this as tin foil hattery, but go look at ANY USPS Customs Form for articles for declared value exceeding $500, regardless of where in the world you’re mailing. You’ll find a DECLARED VALUE IN SDRs (IMF-created Special Drawing Rights) there staring back at you. Yes the same supranational currency one Dmitry Medvedev promoted at Davos in 2009. Sometimes the signs that ‘contigency plans’ are being made for the dollar’s demise by the same government that proclaims its unshakeability are ‘hidden’ in plain view.
EOT for me.
Affable Art wrote: “Dee-white, you’re a pompous lefty ass without an inquiring mind and you don’t really want to know, but in case someone reading does: A retired person not seeking employment is not unemployed…”
But nothing written so far shows me that a person who retires early, and apparently still exists in the statistics as a person who MIGHT be working, is counted as part of the percent “not participating” the rise of which seems to be the point of this article. Let’s say that 5% more people (and I think it is a lot more than that) now retire significantly earlier than 65, that makes for a significant dent in the participation rate, (whether or not their job is filled) since it is a PER CENT of the total in which the early retirees may be inappropriately added UNLESS some other factor takes them out of the data. Capito?
If you, or anyone else can show me where these early retirements are caught and segregated in the system, fire away.
I wrote: “person who MIGHT be working, is counted as part of the percent “not participating” should have been “is NOT counted as part of the percent “not participating” the rise of which seems to be the point of this article.”
What is the very best school of visual effects in the US?. Hello everyone, I am soon getting my bachelor degree and I would like to attend a school of visual effects. I suppose the best schools are in California, I have been collecting info about Gnomon in Hollywood and Academy of Art University in San Francisco. Can anyone tell me what is the very best school of visual effects in the Country? Also, average prices..? Thank you!.