On January 1, 2009, the labor force Obama "inherited," was at 65.8% of the population. In September of 2014, nearly six years later, the work force is at its lowest levels since the Jimmy Carter days . . . . . . . 62.7%. The difference between the two year's comparison (2009 v 2014 ) is 9.3 million workers. The more important question, then, is this: Where in this world did all these people go?
Understand that in April of 2014, something less than 240,000 jobs were created while 800,000 Americans left the labor force for "parts unknown." I mention this, as an example, because it is typical of this Administration's war on the working class. Of the 54 months of "consecutive job growth," 49 of those months saw more people quitting the workforce than were hired into jobs created.
American is not going back to work; the celebration of an Utopian Recovery is a disgraceful lie. And, the burgeoning Welfare State is simply unsustainable, especially if the War on the Working Class continues. Fewer people working and paying taxes versus growing "Utopia," is an unavoidable cause for catastrophe on a national scale. Will we wake up in time to mitigate the hard times just around the corner? That is the concerning issue.
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| Source for chart: http://data.bls.gov/timeseries/LNS11300000 |
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ReplyDeleteAs a matter of policy, I do not debate personal attacks.
DeleteIts funny that you blame the war on the working class on Democrats when Reagan and Bush started the war on employment. Reagan's extreme shift in policy from fighting unemployment to just letting it ride has left the working class out in the cold. Workers have zero rights and corporations have zero incentive to hire workers. Corporate profits are at record levels and wages as a percentage of national income has been cut in half since 1983. Where has all the money gone? The money goes to share holders because workers are cheap. Why hire workers when you can automate most jobs? Workers are the first corporate cuts because they are the one thing on the balance sheet that represents long term profit margin gains. Republicans hate American workers.
DeleteUnder Bush, the working class was fully employed. Because of Carter, I lost my cabinet business because no one was building homes. And, unemployment (U3) was 13% Wages have not been "cut." Profits for the corporations have grown more than wages, thus the illusion of lost wages. Gas prices are up from Bush. So too home heating costs and food prices because of transportation costs. The Green Movement has added to the unemployment picture, stealing much needed funds from wage promotion as the Greenie Weanie's pretend they are saving the planet. All of this adds to the fact that Obama is at war with the working class. He has had six years to benefit that class, and has done nothing in that regard.
DeleteSmithson deletes comments because the truth is embarrassing.
DeleteAnonymous slandered my character and said nothing that was not a personal attack . . . . and he knows the truth of what I just wrote. When Anonymous devolves into a 3rd grader calling names on the playground, well, I do not print that kind of drivel.
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