Posts Tagged ‘if the labor participation rate’

In An Age Of Stalinist Deception, ONE FACT That Proves That Obama Has Been Driving The U.S. Economy Into Collapse

April 6, 2015

I’ve been warning about this – (for example see “Rapidly Worsening Labor Participation Rate Now Lowest In More Than THIRTY YEARS Under Obama’s Failed Regime. PLEASE LOOK AT HISTORY!!!“) – for some time, but it’s every bit as clear as ever.  Sadly, few are pointing it out.

Barack Hussein Obama is proclaiming his economic miracle when the truth is anything BUT.

Fewer and fewer Americans are working or even bothering to TRY to work.  Many have been crushed into despair by Barack Obama’s shockingly poor economy.  But you wouldn’t know it watching or reading the mainstream media.

But George Will popped the bubble with one fact that he reported:

Posted on April 5, 2015
George Will: If Workforce Participation Today Was As High As Day Obama Was Inaugurated, Unemployment Would Be 9.7%

CHRIS WALLACE, FOX NEWS SUNDAY: We could continue this conversation and I’m sure we will, but let’s turn to the economy and some really disappointing numbers on the economy this week. Here they are. Only 126,000 jobs were added in March. That’s the weakest hiring in 15 months. Labor force participation dropped to 62.7 percent, matching the lowest since 1978. And the Federal Reserve Bank in Atlanta estimates first quarter growth at zero, zero percent, flat. George, what’s going on here?

GEORGE WILL, SYNDICATED COLUMNIST: Well, for the second year in a row they’ve blamed poor quarterly growth on insufficient global warming, that is on winter, on an unusually cold winter. Let your mind go back to November last year. There was job creation of 321,000 jobs and the administration said this is a miraculous achievement and a harbinger of things to come. It wasn’t a harbinger and it wasn’t miraculous. During the Reagan recovery there were 23 months of job creation over 300,000. Reagan had a month of job creation of 1 million and this was at a time when there were 75 million fewer Americans. Now, never mind zero growth. We are now being told really that two percent growth may be the new normal. If so, that’s a disaster because every day, today, yesterday, tomorrow, every day between now and 2030, 10,000 more baby boomers become eligible for Social Security and Medicare. If we have two percent growth, the crisis of the welfare state, the crisis of the private sector being able to throw off the revenues, to pay the bills for the promises we’ve made to ourselves becomes impossible.

WALLACE: Just tell again that the labor force participation stat that you have, if it were what it was at the beginning of the Obama administration.

WILL: If the workforce participation rate today were as high as it was on the day Barack Obama was inaugurated, the unemployment rate in this country would be 9.7 percent, we wouldn’t be complaining about the bad recovery because we wouldn’t call it a recovery.

Do you hear that?  Our REAL unemployment rate is ten percent at BEST.  And it’s actually quite a bit higher considering the fact that nearly 100 million working-age Americans in a nation consisting in 318 million total Americans DO NOT HAVE A JOB:

Americans Not in Labor Force Exceed 93 Million for First Time; 62.7% Labor Force Participation Matches 37-Year Low
April 3, 2015 – 8:58 AM
By Ali Meye

(CNSNews.com) – The number of Americans 16 years and older who did not participate in the labor force–meaning they neither had a job nor actively sought one in the last four weeks–rose from 92,898,000 in February to 93,175,000 in March, according to data released today by the Bureau of Labor Statistics.

That is the first time the number of Americans out of the labor force has exceeded 93 million.

Also from February to March, the labor force participation rate dropped from 62.8 percent to 62.7 percent, matching a 37-year low.

Five times in the last twelve months, the participation rate has been as low as 62.8 percent; but March’s 62.7 percent, which matches the participation rate seen in September and December of 2014, is the lowest since February of 1978.

labor chart

BLS employment statistics are based on the civilian noninstitutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison, mental hospital or nursing home.

In March, the civilian noninstitutional population was 250,080,000 according to BLS. Of that 250,080,000, 156,906,000 — or 62.7 percent — participated in the labor force, meaning they either had or job or had actively sought one in the last four weeks.

The lower the labor participation rate is, the smaller the percentage of Americans who are working.

As I pointed out in my article from May of 2012, Obama has driven the labor participation rate number down, and down, and down until he’s bottomed out at CARTER’S FAILED PRESIDENCY.

But it’s really even WORSE than Jimmy Carter, because we had a different way of life when Carter was president and eroding America with his fool liberalism.

We had a low labor participation rate in the 1950s because we had a very different culture and social structure, where people got married – you know, to someone of the opposite sex – and the husband tended to work while the wife stayed at home and managed the household and the children.  So you had a labor participation rate in the 50 percentile because half the adult population wasn’t in the official “workforce” even though she worked her butt off preparing a special place called “home” for her family.

Democrats pissed all over that way of life.  It’s gone, now.

Now, if you’re a woman, you’d damn well better have testicles, or at least have a job the way men used to have.  You need to either kill your babies in Democrats’ abortion mills or else abandon them so you can be a wage-slave so you can work harder and harder for less and less pay under a lying Obama who promised one thing but delivered the opposite.  For example, Obama promised more “economic equality,” but what did this lying hypocrite weasel from the political party of lying hypocrite weasels deliver?  the WORST economic INequality in American history, is all.  Obama promised you a higher standard of living, but what did he actually deliver?  Wage stagnation and falling incomes the like we’ve never seen before, that’s what.

And yet Barack Obama continues to preach himself as the solution to the very problems he’s made the worst they’ve ever been.  And the media reports his blathering nonsense like he shouldn’t be laughed out of every single room he walks into.

Now that we have men and women nearly equally participating in the economy, our labor participation rate ought to be ninety-five percent to have the unemployment rate Obama is deceitfully boasting about.  Because after, all, if the unemployment rate is 5.5% the way Obama says it is, shouldn’t that mean that 94.5% of working-age Americans are, you know, WORKING???

We are being lied to – and insanely we’re being lied to by something that is calling itself “a free press” – worse than any generation or nation has EVER been lied to before.  And more Americans are foolishly believing their propaganda than, say, Soviet citizens who knew damn well they were being lied to like the sheep that liberal big government socialism had forced them to become.

If Fox News reports the truth, don’t worry; because about a thousand-and-one other mainstream media outlets will drown it out with gobbledygook.

It’s like what we just experienced with Rolling Stone: we had a failure at EVERY SINGLE LEVEL of the “journalistic” process; but not ONE person at Rolling Stone is being fired because Rolling Stone is a mainstream media liberal publication that produces lies for a generation that desperately wants to be lied to so they can keep believing that they’re not being led to their dooms and they won’t burn in hell the moment they leave their depraved lives on this earth behind.

Just imagine for a moment if such a magazine had tried to write a story about the opposite point of view – you know, the so-called “right wing” version, of the same story: imagine if a magazine had sent a reporter out to write a story about the “fact” that every woman who reported a rape was in fact a damn liar.  And they based their entire story on the claims of one man who turned out to be so full of lies it was beyond unreal, but up and down the line no one in the chain from “journalist” to “editor-in-chief” ever said something like, “Hey, wait a minute, this story is a load of crap!”

Let me tell you what would have happened: it wouldn’t have just been a reporter fired – something which Rolling Stone announced they WON’T do, fwiw, and in fact won’t fire ANYONE – but the whole magazine would have been bankrupted and gone out of business.  Or else rabid liberals would have firebombed the place into extinction.

But it’s okay.  It was liberal Rolling Stone and they published reliable liberal drivel, just like the “Hands up, Don’t shoot!” thing was liberal drivel and the hysterical and rabid garbage that was fabricated about the “anti-gay” law in Indiana was liberal drivel.  Did it matter that the law didn’t even MENTION gay marriage???  Of course not.  Because the ends justify the means and it’s literally okay to lie if you’re a liberal journalist and your lie advances a liberal narrative.  And so there’s nothing to see here, folks.  We issued a stern “tsk-tsk” and we’re moving on so they can continue doing the same thing tomorrow and the next day and the day after that.  And all the rest of us liars a.k.a. “journalists” can do the same thing with all our “stories,” too.

We just found out that Harry Reid, as Senate Majority Leader, directly slandered the presidential candidate of the opposing Republican Party with what we all now know was a LIE.  What outcry would there have been had the Senate Minority Leader at the time (Republican Mitch McConnell) had so lied and so slandered Barack Obama and claimed that it was a fact that Obama had broken the law and had not paid any taxes in ten years???  What would the outcry for his resignation had been?  But Harry Reid is smug about his lies because they were successful and if you are a Democrat lies are all you have and all you ever will have.  So it’s okay and the media aren’t screaming for anybody’s hide but the next Republican scapegoat such as the governor of Indiana.

So our unemployment rate is 5.5% and Obama is an economic wizard even though so many fewer Americans are actually working than when George W. Bush was president it’s laughable.

But it’s okay for the liberal media to lie.  Because their fellow socialist propaganda mills before them always lied, too.

Because we live in the age of “the mystery of lawlessness” where the righteous are stunned into helpless silence as evil metastasizes and ascendant wickedness triumphs all around them – and we live in an age of deception just before the Antichrist comes and the Democrat Party leads us to accept the big-government mark of the beast so the government can finally and completely seize control over the economy as they have always wanted.

Obama is a liar – and a demon-possessed liar at that – across the board, on both the domestic and the foreign fronts.  This is the fool who when anyone with ears to hear and eyes to see knew otherwise called I.S.I.S. a “JayVee team” even as they were seizing cities in Iraq on their way to creating a caliphate.  And then lied about it.  This is the fool who “reset relations” with Russia and we now have a Cold War reignited as Putin sized-up Obama and saw a coward and a fool who was too dumb to understand and to politically correct to react to evil.  And they are provoking us on every front across the board.  This is the fool who repeatedly claimed that Yemen and Sudan are examples of his “success” when they prove what an abject failure and fraud and fool that he clearly is.  And this is the fool who wants to give Iran a nuclear bomb and hegemony over the Middle East so it can expand its terror-by-proxy even as he idiotically and dishonestly claims he’s doing the very opposite.  Just like all the other times his failed policies and plans have produced the very opposite of what he claimed they would produce.

I now understand something – thanks to Barack Obama’s epic fail – that I never understood before about the coming Antichrist.  Namely, the Antichrist won’t be some masterful genius; rather, he will be a masterful liar who will be able to create illusions of success even as he’s wildly failing; he will be able to scapegoat other groups and blame them for why things keep getting worse, rather than better; he will be a liar and a deceiver and a slanderer without shame, without honor, without integrity and without virtue.  In other words, he will be just like Barack Obama who is the coming Antichrist’s Useful Idiot-in-Chief.  Except he’ll be an even more skilled liar and an even more masterful slanderer.

And the media, of course, will help the coming Antichrist with massive propaganda.  Just as they are helping Obama spread his lies and his slanders now.