In the wake of today’s Labor Department numbers, the Senate Republican Policy Committee said the real unemployment rate is not 7.7 percent, but 14.4 percent for November.
The “real” number of unemployed Americans is 22.7 million, Sen. John Barrasso’s (R-Wyo.) committee said in a release. “These are people who are unemployed (12.0 million), want work but have stopped searching for a job (2.5 million), or are working part time because they can’t find full time employment (8.2 million).”
“The difference from when President Obama took office is 475,000 more Americans unemployed or underemployed,” the committee continued.
“The labor force participation rate is 63.6 percent, a decline of 0.2 percentage points or 350,000 people. If the labor force participation rate were the same as when the President took office, the unemployment rate would be 10.7 percent. …The number of Americans searching for work for more than 27 weeks is 4.8 million, a decrease of 200,000 from October. The average number of weeks a worker is unemployed is 40.0 weeks — double from when President Obama took office.”
Still, Democrats in the upper chamber declared the report to be positive news.
“There is no doubt our economy is moving in the right direction,” said Senate Majority Leader Harry Reid (D-Nev.). “The only question is whether Republicans will jeopardize the progress made so far by forcing a $2,200 tax hike on middle class families, or initiating another destructive fight over the debt ceiling.”
“Despite the critics and naysayers who want to say otherwise, today’s announcement that the US economy has added 146,000 jobs and unemployment fell to 7.7% is yet another positive sign of economic growth,” said Sen. Mark Begich (D-Alaska). “This is great news for Alaska families just before the holidays. I also hope this serves as a reminder to those who are playing politics with the middle class tax cuts of just how far we have come and why can’t turn back now. We must keep moving forward.”
In November in Canada, 59,300 jobs were created. Canada has a total population of just over 34 million people–approximately 1/10th the population of the U.S.A. The U.S., being 10 times larger in population, should have created about 500,000 jobs, not merely the 148,000 or so that were reported. Someone should point this out to the Democrats.
Not only that, but the jobs that were created in the US were low-wage, part-time jobs without insurance or other benefits.
It just seems to me that all the Obama bashers are forgetting that the election’s over and are somewhat shooting themselves in the foot by discrediting the jobs report. I’ve consistently argued that the Bush tax breaks were and are an abject failure. There’s an adage that dictates if you keep doing what you’ve been doing, you’ll keep getting what you’ve been getting. So after over a decade of implementing the Bush cuts and seeing a painfully slow recovery (or by your assessment much worse than that), it’s within the realm of reasonable intellect that my argument has validity. Every time I see or hear people downplaying the economy, it only validates my point.
It seems to me that people like you want people like us to just go away now that Obama has narrowly won re-election. That is not going to happen. Your logic is flawed, by the way. The Bush tax cuts do not exist in a universe by themselves and are not the only cause of whatever growth we are or are not experiencing. Your president has added a great deal of debt to the ledger and has added his own policies which have had some effect on the economy.
Or has he done nothing the past four years? Show your work.
“It seems to me that people like you want people like us to just go away now that Obama has narrowly won re-election.”
No, please don’t go away. Please continue to wail like babies about everything. Please continue your partisan attacks on economic growth. Your constant grousing and whining will continue driving voters to the Democratic Party as they can’t help but notice that the GOP has become the party of relentless hate, victimhood and negativity.
Please, proceed.
We’re attacking economic growth by pointing out that your president’s policies harm economic growth? LOL. That’s like Obama attacking Bush for being unpatriotic in amassing debt, then going out and piling up even more debt.
Mr Preston, President Obama is either OUR president or you’re not a U.S. citizen. Like it or not, you can’t have it both ways.
Why such anger? My argument simply implies that either the Bush tax breaks worked or they didn’t. There’s another side to the jobs report you’re missing. To embrace it gives you ammo to insist on keeping those cuts in place. To denounce it strengthens the argument that they failed meaning they should not be extended, which is what American voters want, which the numbers nor history is on the GOP’s side, and which the Dems have the upper hand on. Again, you seem to want it both ways.
If Obama had been in a real election, he would have been trampled in the rush. Only by fraud and dumbocrap cheating did he make it back into office.
That being said, People such as you are in for a fooling if/when he gets inaugurated. When he cuts services to all the leeches on the system and raises taxes on all of you in blue states and you watch your world come down around your ears. DON’T COME LOOKING TO CONSERVATIVES TO PULL YOUR CHEEKS OUT OF THE FIRE. JUST BURN BABY BURN.
The Bush tax cuts covered EVERYONE, and if you take the time to look at the REAL numbers and not the line your are fed by the MSM, they generated revenue for Washington. They also created individual liberty and freedom and entrepreneurism. That is what the Democrat Party doesn’t like. The more people freed, the more people entrepreneurial, the more people who are independently achieving, the less chance you have to control them. I guarantee you that Obama’s tax increases are gonna reduce the amount of revenue that Washington produces.
Actually TriGeek, they didn’t as there was a small number of college students that were exempt. But aside from that, one round of tax cuts gave folks making $1 million a $50K break and those making $50K a $20 break or in real terms, such a minute break to the vast majority that it was irrelevant. So please spare me your “everyone got a tax break” rhetoric as if in the real world it had merit. This is simply another example of the audacious GOP dishonesty and snake oil salesmanship that has become so commonplace.
So your point is, the Bush tax cuts covered everyone (except some college kids), but it wasn’t big enough?
The federal government had little problem collecting revenues when Bush was in office. Bush was reelected partially on the strength of the economy (propped by housing market, admittedly). The government’s taking in gobs of money even now.
We have a spending problem, not a revenue problem. Lots of libertarians and more principled conservatives knew this before, and most typical republicans are getting it now. Feel free to join on the reality. Raising the taxes on wealthy won’t do a thing.
I did vote against Obama but that does not make me an Obama “basher”, I’m just a person who’s job is very dependent on the economy and requires me to travel all over our great nation. The one thing constant in most states is the number of closed businesses, These are not old buildings whose businesses have moved on to bigger and better, the closed up buildings I see are the new modern buildings that have closed in the last few years. My own industry has slowed drastically and I don’t see anyone in D.C. democrat or republican doing anything to help this problem. All they are doing is keeping us fighting amongst ourselves and lining their own pockets ! As Americans we need to wake up to this fact!
So under your ‘tutelage’ the tax cuts to businesses are the cog of the anemic economy, not Barack Kardshian’s demagoguing, name calling those very same businesses though throws $15k-$45k ‘dinners’ with and in many instances the very same day?
Your logic does not equate to earth logic.
Ron, take a look at the unadjusted U6 unemployment data for November. Ms. Johnson S-P-E-L-L-E-D out the very same data, which is considered most representative.. above.
Honestly, you think the 7.7% is the actual #… wow.
Don’t you think people of ALL political colors would stand behind the CiC if he indeed was serious about OUR economy, upward mobility, improving and increasing private sector growth?
Instead he’s ‘busy’ STILL playing divisive tactics, most recently seen/ heard with middle-class union families on television whereas poses, pictures clicking away can be heard. What a guy!
Are you even aware of Obama’s most recent asinine ‘budget’? Heck even Reid doesn’t want to vote, discuss nor add amendments onto it because it’s as bad as his other 2 bills in which he’d received ZERO votes from both parties..!
Nonetheless glad to see you’re still enjoying the kool-aid.
Paul, for starters, I never addressed the accuracy of the 7.7% figure one way or the other so it’s a rather sophomoric distraction for you to impute opinion of me that I haven’t advocated in order to give some substance to your argument.
I can understand arguments on Obama’s budget but it’s hard for me to phantom how anyone of reasonable intellect can honestly give an iota of credence to John Boehner’s plan. Boehner purposes eliminating “unnamed loopholes” and limiting “some” deductions of the top 27% as an $800 billion revenue which doesn’t make a great deal of sense. The argument is that taxing the wealthy will have an adverse effect on the economy. But collecting more revenue from these very same people by closing loopholes somehow changes things? And these same rich folks are fighting tooth and nail any tax increases yet remain silent about having loopholes closed that will increase their tax burden by $800 billion. That would make absolutely no sense if the reality wasn’t there that no one can tell us what these loopholes are and even if they did, there aren’t enough to satisfy the math. This is snake oil salesmanship at its worst, an absolute scam that American voters have adamantly said no to. It’s as if the GOP doesn’t even want to pretend to be honest.
What you, Scott in Aspen, et al., seem to advocate is that there’s some binary conclusion that makes Obama/Dems policies bad, evil, etc and that Republican policies are unquestionably the correct economic path. It’s as if austerity, Plutocracy and Social Darwinism, and a corporate laissez-faire society will reward workers and make our economy prosper and there’s no room for debate. History nor logic is on your side.
In 1982, Ronald Reagan raised taxes during a sluggish economy. The GDP grew 4.5% in 1983 and 7.2% in 84. The Dow rose 35% giving the best performance ever. Unemployment fell from 10.6% in 82 to 8.1% in 83 to 7.1% in 84. The GOP presented their same “job destroying” arguments. They were wrong.
In 1993 we saw a repeat as the Clinton tax increases brought job growth, GDP growth, more people out of poverty, and a balanced budget for the 1st time since 1969. Yet, the GOP presented those same job killing arguments that we hear today. They were wrong.
And then came the Bush cuts which after being in place for over a decade, have proven to be an abject failure. This time, the GOP promised job growth and an economic boom. They were wrong and the economy tanked.
And looking back through our economic history, in the 50s and 60s we had a very regulated economy, the top tax rate was 3 times what it is today, union membership was around 30%, the GOP advocated spending projects, and the wealth gap between the rich and poor was nowhere where it is today. The middle class boomed, businesses prospered, we paid for our wars, and we even put a man on the moon. Worker’s biggest concerns seem to be keeping up with the Jones. According to the CBO, the gap between the poor and rich has tripled since 1979. And while this has proven to be economically fatal, the GOP is still demanding more.
So getting back to my original argument, I was actually trying to give you a different angle as what you have now is no argument at all.
The speaker of the house is fighting to keeps the rate the same because he knows the never ending appetite of the progressives for revenue so keep the rates and limit deductions. If he caves on the rate he knows you are still going to come back for the deductions anyway.
Is there any progressive who understands why warren Buffett pays a lower rate than his secretary or do you all just think there is a special rate for billionaires so the can screw you out of something you never had to begin with?
The Bush tax cuts have ZERO to do with the current economic downturn.
In fact, Keynesian ( the Fed’s and Obama’s ) economic theory is that more money in circulation ( aka tax cuts…or the printing press ) abrogates the contraction.
The bottom line is that Keynesian economics has destroyed our prosperity, along with the DemoEnviroFascists who have destroyed industrial production………the keystone of PROSPERITY
Bush, bush, bush…please. Did the bush tax rates have anything to do with Americans treating their homes like an ATM? Did the bush tax rates give mortgages to anyone that could fog a mirror? Did the bush tax rates explode spending and start two wars? So bad yet your beloved Obama extended them.
At this point we need to learn our lesson because you republicans and democrats clearly have learned NOTHING up to this point. Hopefully you and your president get everything you want. Im sure the entire nation will enjoy the 8 days of running the government those tax increases will pay for. Keep up the spending as well…why stop now?
I just hope you fall on your sword when the time comes, but I’m sure you and Obama will still be blaming bush.
Two important things Troy. 1) It’s rather disingenuous rhetoric by asking; “Did the bush tax rates explode spending and start two wars?”. To humor you, the answer is “no”. The reality is/was that the Bush admin and 109th Congress exploded spending, started 2 wars, AND implemented huge tax breaks in the process, something historically unprecedented.
2)Your statement: “So bad yet your beloved Obama extended them”, completely ignores the politics and rationale behind that move as well as the overwhelming outcry of many on the left.
It’s disappointing and trite to wade through such non sequitur gibberish to try to conduct a rationale conversation with such political blindness, ignorance, and desperation for spin that your responses presents. It’s as if after reading your spew, one gets an urgency to go and wash the stupid off of them.
Get off the condensation soapbox! You’re boring the snot out of everyone who has to read through your down nose BS to try to get your point. Why don’t you just admit that Obama could take a crap down your throat and you would tell us just how tasty it was!
Attack of the spellchecker condensation = condescension
Scrat, I’ll concede to being a bit condescending towards Troy but wanted to highlight yet another example of sidestepping an argument that you nor Troy can debate on it’s merit. You yourself take it on yourself to speak on everyone’s behalf that I’m boring you, as if that somehow qualifies as an intelligent rebuttal? You then claim I have some allegiance towards Obama that I’ve never indicated to have.
Take Lee way up there. Instead of addressing my point, he reinvents my meaning as to say I wanted Bush’s tax cuts to go deeper while rewriting history to say that Bush was reelected because everyone thought he was an economical wizard. It’s just another example of how you masters of the universe can create your own argument out of then air, dismiss the original argument with contempt, and then claim victory to your new fabricated argument. I mean, how many ways can you guys say “the dog ate my homework”?
“There’s an adage that dictates if you keep doing what you’ve been doing, you’ll keep getting what you’ve been getting.”
Gee thanks Mr. Ward, that certainly explains why…
Democrats keep supporting welfare dependency.
Democrats keep supporting affirmative action (we have to have racism in order to end racism, aka the old Vietnam War adage ‘we have to destroy the village in order to save it’).
Democrats keep supporting the same education policies in the inner city.
Democrats keep supporting bilingual education.
Democrats complain about voter fraud, yet reject the advice of their own Barbara Jordan, Jimmah Carter, and recently UN observers no less, to implement Voter ID.
Democrats keep building windfarms at public expense and then sue when endangered birds get chopped to pieces.
Democrats extended Fannie Mae-backed housing to illegal immigrants that bought several homes to flip. And then get bailed out as “victims” of greedy banks.
Democrats keep supporting mainstreaming as a form of civil rigts for the mentally ill and then complain about street people in San Francisco.
Democrats keep supporting clean needles for addicts so that they can shoot up dirty drugs cut with urine, WD-40 and Lord knows what else street people can get their hands on.
Democrats– Oh well, my poor itsy-bisty fingers have a long memory and they sho are gittin’ real tard.
I don’t KNOW. I’m no economist. However I don’t think most of them know either. But it seems to me that our economic problems, though exacerbated by socialist polices of both political parties, are more about running out of frontiers and ways to actually create wealth than anything else.
We should be incentivizing companies going into all the underdeveloped nations of the world and developing them in every aspect. We should be incentivizing university students to acquire the skills necessary to get jobs with such companies. We should encourage such companies to bring their profits home to the US. Thereby creating even more jobs.
What the hell is wrong with us? Why are we laying down and whimping out like this? Is it just some mass hysteria-suicidal-obsession?
Walter J. – Whining? Really. Don’t see any here.
But how about your side looking the other way on all the lies your puppet president and administrative fools keep telling us.
Benghazi – Stone walling and changing the story (Like nine year olds)
Fast and Furious – Stone walling (Like six year olds)
The past three years of job numbers always being corrected, in the negative direction, and always a month or two after the big fan fair release of them.
You must like liars, cheats and babies.
I would rather whine for the truth than accept Democrat appendages in my orifices.
It is every citizens duty to educate, question and voice their opinion no matter which side they are on, once we stop doing that we are no longer the free people our forefathers intended us to be. If you dont like someones point of view dont listen, isnt your post exactly what you accuse the GOP party of becoming, HATE ! Funny how that is, it’s OK if you do it, right???
If it were a rebublican in office the unemployment rate would be declared a resounding 7.7% while the democrats would be fast to decry that the real unemployment rate was 14.4%.
The games grownups play!
Seems to me there is a better standardization methodology to be had by the government.
there is on the web….shadowstats dottt commm
Thou shalt LIE, LIE LIE.. for fun and profit.
To tell the truth, well you wanna be a fool? Whaddare you stoopid?
The sickest, sadest part of the demorats philosophy and the obummer way is we are breeding generations of auto-liars. Children who instinctively will lie at every utterance even if the truth is simpler and beneficial. The demorat leftist’s mind lies because it is wired to do the opposite.. it is an ‘opposing neural network’.. Take the right answer and invert it, munch it, transform it.. obummerize it.
Humanity is lost.
I think don’t think you’ll find very many Democrats who aren’t aware of the difference between the official unemployment rate and the effective unemployment rate. Which is why we’ve been calling for more stimulus and less austerity—Obama’s policies, constrained as they are by our divided government, were all too conservative. Meanwhile, the countries that have gone in for austerity are doing even worse than we are on the unemployment front, while countries like Canada and Australia that never went in for an orgy of firing teachers and firemen and cops have done much better.
I know that reality is a foreign concept in these parts, but do you guys really think that a McCain administration would have gotten us to lower unemployment rates by following the policies that have landed Europe back in recession? Just what policies do you think would have magically reversed the effects of a global depression? Fact is, you have no plans, just ideological reflexes.
I won’t bother replying to NumbNutz Harrison here. There is a line from an Animaniacs cartoon: “You can’t argue with that, it’s too stupid.”
I do want to see how other people shred this Deep Thinker into a bloody pulp.
But golly gee, you dumb, son!
It’s pretty funny when a guy responds to a perceived threat by saying “O yeah? Me and who else?” How else can anybody construe “I do want to see how other people shred this Deep Thinker into a bloody pulp” as anything but an admission that Edward Smith certainly can’t shred me or anybody else into a bloody pulp. This hero badly needs help and is reaching to the ring ropes in hope that this will turn out to be a tag-team match.
You are even a bigger idiot than I though you were if you think I perceive you as a threat.
You are a joke, an arrogant numbskull.
Even though you are everything I say you are and worse, Merry Christmas & Happy New Year!
Slainte, Asshole!
Ahh the hypothetical, ‘..a McCain administration..’ canard. What a ridiculously moot discussion. Deal with the NOW. Reality etc.,
And you’re a Krugman disciple to boot.. good times. ‘More stimulus, more stimulus’.
As per the, ‘..firing teachers and fireman..’ comment – the country got to hear/see the ‘decorum’ of Wisconsin’s public school teacher’s last year in WI and their squatting in D.C. as well.
Odd, considering Gov. Walker’s (for whom WI’s ‘Democratic representation’ left the state and the Democratic constituents pushed for a vote recall and ‘lost twice’ so to speak) removing the nonsensical ‘bargaining rights’ of the unionista’s has IMPROVED their schools, provided more funds AND kept the classroom’s head count moderate.
Our public education system is so pathetic that H.S. graduation ‘waivers’ are provided to ESL and low attendee folks in the ‘#1 public education state in the country, Maryland’.
California, for whom is the 6th largest economy in the world, for whom ranked in the low-mid 20′s nationwide in test scores up until the mid-late 90′s is now ranked 48th nationwide (NV, AZ ranked 47th and 49th overwhelmingly due to lax immigration). Viva la ‘progressivism’ right?
And fire fighter employees.. have you not read of the fraud and abuse tens of thousands of fire employee’s abusing unneeded and unwarranted O/T?
I take it the $45 billion ‘stimulus’ proposed in Obama’s most recent ‘budget’ is music to your ears. For the $800 billion has worked ‘oh so well’ right?
As for TRYING to draw similarities of the U.S. to Canada and Australia – again it’s a ridiculous comparison.
Canada is ~ 1/10th of the U.S. population whereas Australia is even less than that!
Thanks for playing..
You can use “Krugman” as a scarecrow if you like. Most of what you object to, however, are not his ideas but standard features of macroeconomics—I learned mine back in the day from an old Nixon supporter. What’s really funny is that right-wingers are perfectly well aware that a failure of demand is a big part of our problem. You lot say so yourselves when it’s a question of threatened cuts to defense spending (military Keynesianism) or the fiscal cliff, which is menacing precisely because it will drastically reduce federal spending at a time when we badly need it.
You don’t like teachers. I get that. Anybody who reads these comments can see that you have reasons for despising them. After all, your own teachers obviously failed you very badly.
Hi again, Jim.
Like EVERY Illiberal I’ve encountered you too use conjecture, ad hominem in your emotionally-led response. Thanks for keeping the aforementioned ‘consistent’.
I didn’t mention my political leanings NOR my respect/ disrespect to teachers. I DID express my disappointment in public sector union teachers. Honestly, who wouldn’t this day and age?
As for your ‘needing more federal spending’ – I disagree completely with that assessment.
The albatross that is the Federal government needs to be DRASTICALLY streamlined.
As for your nonsensical dig of my ‘education’ or lack thereof – again your conjecture’s expected.
I attended most of my public education and my college years in the Illiberal mecca of CA. Receiving my BS at UC Davis in ’99.
I wasn’t particularly addressing you, but commenting on the obvious ignorance routinely displayed in these parts. Heck, there are people here who actually think that the Nazis were leftist, a notion that can only be explained by the stupefying power of ideology.
I will note that you don’t argue for your “albatross that is the Federal government” remark. It is merely a received idea among your like-minded friends. I think anybody who looks at the historical evidence can only come up with the inconvenient conclusion that the Feds have done some things very well and others very poorly. “It depends” is about as popular with true believers as broken glass in a bathtub. Still, it does depend. Right now, for example, a large proportion of the productive capacity of the United States is sitting idle. If you ask business people why they aren’t hiring, they tell you that it is because of a lack of customers, not because of some vague possibility of regulations they don’t like. Under these circumstances, the government is the only agency that can make up the difference until things really pick up. That doesn’t mean that increased government spending is always a good idea. During booms, governments should run surpluses as Clinton did. It depends.
Cheer up, someday you may go on the wagon and sober up.
We have to fire the teachers and firefighters because we have no money. We have a spending problem in this country. It’s funny to me how the left often resorts to “money on textbooks, not on bombs” chants, which is valid, but won’t apply that rationale on a more broad basis. You can’t spend unrestrained amount of money to fight obesity, childhood illiteracy, education, food stamp, defense, and a whole bunch of other things and not expect budgetary limitations.
We have 10,12 times the population of Australia or Canada, and 50 states that do their own spending. And while this side often whines about “socialist rest of the world”, the truth is, the low income and middle class over there often pay into their healthcare or welfare system more than their American counterparts. Not to mention 6,7 bucks a gallon of gas and cost of living slightly lower or above places like LA.
No, I don’t think Mccain would have made much of a difference. He might have taken a smarter approach to the bailouts, something better than just throwing gobs of money at failed corporation without requiring them to make hard changes or come up with a more efficient business level. But I doubt it.
Hi Lee. I agree with much of your lucid, proven to be true comments.
Let’s not forget our Canuck neighbors and Aussies are STILL commonwealth’s and their government’s pay gobs to their dated monarchy STILL! Craziness.
As well as your mentioning the high cost of living in both commonwealths. The Aussie dollar is nearly 1-1 with our USD though goes FAR LESS than ours in Oz.
Other than most of Asia, Eastern Europe our dollar fares quiet well at the moment in 1 particular commonwealth, NZ.
The Kiwi dollar is flatlining present-time due to their outrageous debt/ upside down GDP. Their own housing crisis, Liberal-leaning government 25+ years coming to a head.
Not helping matters is their ’10, ’11 earthquakes which in most respects decimated much of downtown Christchurch, surrounding areas and in turn their golden goose – tourism.
Yes our public education system and it’s affiliated do-nothing DoEd need to be seriously streamlined, greatly remove the unionista’s from the equation and encourage more private sector educational programs, schools.
Far easier said than done for how often do we see bloated Federal programs ‘removed’ or streamlined? Exactly.
There really are too many ‘hero’/ fire departments nationwide. For a vast majority of FD calls are non-emergency MEDICAL calls, respectively.
Though it’s easier said than done with an uber-strong FD union representation, FAR MORE power than the NEA and other public sector education unions.
Though with an economically void administration and a spineless GOP at the helm for sometime who consider ‘crossing the aisle’ i.e. surrendering ‘noble’ or ‘moderate’ – true, much needed changes won’t take root, occur.
The people I know I can take seriously, I treat with respect, engaging them in Adult Conversation.
A fair number of people coming to PJMedia are people to be taken seriously.
But if I’ve learned from a long history of previous comments that I cannot take you seriously, well, at this point I have no problem letting you know that.
I may even bring some Ad to your Hominem because you’re just that obnoxiously ridiculous.
Don’t walk away angry if you are such a cretin. Just walk away, and don’t let the door slam into your ass on the way out.
What I find most disturbing about these Unemployment figures is that even with a recovery (which will come after Obama leaves office) it will take a quarter or two (or three) for people who have left the labor market to come back to it. There is always a lag, and that lag hurts real human beings not imaginary statistics.
That said, people will be needed to clean up the trail of slime Obama and his people have been leaving on the White House carpets.
I heard that in the obummer’s 2nd regime he is going to propose and push a final solution to the unemployment problem. Get a job or go to federal prison.. where you will be given a job as forced labor.. making up for union member’s that don’t want to actually ‘go into work’.. so the labor will be outsourced to the prisons. Ain’t this perfect? 100% employment, the prison industry becomes the new ‘dot-com’ rage.. and union workers with the appropriate seniority get to stay home and keep of the freeways, this helps global warming and the traffic problem. Don’t ya just love a demorat solution to life’s problems??
It’s over 20% unemloyment.
The data doesn’t count small business owners who are out of work, young people just entering the workforce who can’t find jobs, old people who need to re-enter the work force, mothers who need to re-enter, and millions who have lived on welfare for years.
The average family income has dropped 10% in 4 years and it might as well be happening in another galaxy.
It’ a deprssion while a hollywood newsreel plays in front.
There would be soup lines except that annually 1 Trillion plus is borrowed by the criminal government. It won’t be long before the lenders dry up and the kaka will hit the fan and the 1930′s will reveal themselves again.
Turning away from it only makes the inevitable fall worse.
Every person in government should be incarcerated, or worse.
The problem isn’t revenue, it’s spending. Period. I’m so damned sick of people who seem to believe that removing more and more of the incentive to work hard is going to induce greater productive effort. IT’S NOT GOING TO HAPPEN! I heard many times during Carter’s administration, “I’m not going to work overtime. After taxes it’s just not worth the effort.”
What we need are cuts in government spending at all levels and increased tariffs for goods coming into the U.S. We shouldn’t be letting the foreigners arbitrage their sweatshop labor and environmental degradation into competitive advantage. Of course, acting like that would be acting in AMERICA’s interest, and no U.S. government run by the Democrat Party can ever be caught doing THAT!
I agree it’s well over 20% unemployement. All of these companies sending the jobs to other countries, it will all come crashing down on them. What we need to do is stop doing business with the companies that send jobs overseas and fund the companies that do business in our own backyards. This huge problem of income inequality will continue to cause big problems for consumer debt, housing, goods and services. From 1979 to present, the top 1% had 60% income growth and the rest none. Plus we’ve lost all of our assets we’ve accumulated over the years. Where do they think the money is going to keep coming from by sending all the work to other countries?
No wonder companies are sending all the jobs to other countries, America takes in all the people that can’t be successful in their own countries. If they were so smart they’d develop their own countries, since America is so overdeveloped and there is no opportunity here.