The Scam Presidency – The fact of recession versus the illusion of “good times.”

<<<<  We need to stop pretending that the shrinking workforce is a temporary reality.  It is here to stay,  at no fault of anyone.  But,  failed policies will make its affect far worse than needs be.  

For the past several months,  the Fed and Ben Bernake have been printing 40 billion dollars per month and the stock market is eating this up.  Some argue that this ridiculous amount of printed money is only replacing the trillions lost in the closing months of 2008 and into early 2009. 

Speaking as a sheer layman,  on this matter,  I see a difference between losing money and printing replacement money.  I would think that we replace lost income with more earned income.  Call me stupid. 

Click on image to enlarge

At any rate,  Ben is busy printing money and Obama is using the “success” of Wall Street”  to frame his “successful recovery.”    But,  we know this “recovery” is only an illusion,  and how do we know this?  Because the economy is rocking along at minus .01 (GDP).  A true recovery,  at this point in time,  should be 3 percent to 6 percent.  It ran 8 percent during the Reagan recovery and the Carter recession was far worse than this one,  contrary to popular media wording. 

Add to this recovery “illusion,”  the fact that “7.8% unemployment,”  today,  in 2013 represents 5 million fewer people working than the 7.8% record at the end of February of 2009.  

Understand that the shrinking workforce is not simply a function of failed Obama policy (it includes this,  of course).  The Boomer generation is beginning to exit the job market and have entered Social Security.  Others have declared themselves "handicapped"  are officially disabled (no less than 80% are actually disabled and that estimate might be low).  

This combination of attrition and failed policy has created a degree of permanency that will extend well into the future  -  perhaps into perpetuity.  

Problem:  unless we can figure out how to create more income with fewer workers,  out GDP promises to remain at record lows,  effecting (killing) the needed recovery.  Understand that the Boomers are leaving the workforce at the rate of 10,000 per day,  and this reduction/exodus will last for close to 17 years before that rate significantly reduces.  

No one in Washington is looking at this particular problem.  Government cannot "supply"  the millions of jobs,  necessary,  to turn the economy around.  And, no one is talking about what to do with all those American who can work but have no chance of landing a job. 

At some point,  our need to financially help those without a job and those who are retiring,  will [far] exceed the ability to meet these new "obligations."  

What to do?

1)  start moving out of high risk communities.

2) reduce your debt and monthly payments

3) pay off your cars and home.

4) understand that you are going to be responsible for "you."  Make fun of "rugged individualism"  all you want;  turns out,  there is no choice for those who want to have any quality of life after the unavoidable national bust that has positioned itself on our horizon.