Exposing the Lie of the Merely Bad Unemployment Numbers
Never mind the official stats that tell us the employment situation is lousy. The real situation is actually much worse:
The number of working age Americans that do not have a job has increased by nearly 10 million since Barack Obama first entered the White House. In January 2009, the number of “officially unemployed” workers plus the number of Americans “not in the labor force” was sitting at a grand total of 92.6 million. Today, that number has risen to 102.2 million. That means that the number of working age Americans that are not working has grown by close to 10 million since Barack Obama first took office. So why does the “official unemployment rate” keep going down? Well, it is because the federal government has been pretending that millions upon millions of unemployed workers have “left the labor force” over the past few years and do not want to work anymore. The government says that another 347,000 workers “left the labor force” in December. That is nearly five times larger than the 74,000 jobs that were “created” by the U.S. economy last month. And it is important to note that more than half of those jobs were temporary jobs, and it takes well over 100,000 new jobs just to keep up with population growth each month. So the unemployment rate should not have gone down. If anything, it should have gone up. …
The labor force participation rate is now at a 35 year low, and the only way that the federal government has been able to get the “unemployment rate” to go down is by removing hundreds of thousands of Americans out of the labor force every month.
As for the so-called “recovery,”
Most people don’t know this, but the U.S. economy actually created fewer jobs in 2013 than it did in 2012.
The total number of Americans a century ago was about the same as the number of Americans currently not working.
This sums up what Obama is doing to our country in a single graph:
Note that he took power in January 2009.
It isn’t an accident. Pretty much every initiative pertaining to economics that has been imposed or promoted by Obama and his coconspirators can be counted on to increase unemployment (e.g., ObamaCare, oppressive environmental regulations, higher taxes, raising the minimum wage, and extending unemployment benefits).
If you think it’s bad now, wait until Obama, McCain, Boehner, and the rest of the liberal quislings infesting the Beltway open the Third World floodgates by ramming through amnesty. That’s when the boat will stop listing and start sinking. Eventually the debt Obama is running up will put it all the way to the bottom of the sea.
On a tip from Chris Christie Traffic Shrine Monument. Cross-posted at Moonbattery.
Yet another blow to the Keynesian theory of economic management. Of course, the American public has had since late 2008
President Obama lied to the country repeatedly with his sales job… or better, his CON job… pushing Obamacare through. But