Skip to comments.Obama's "Ball and Chain" Jobs Recovery - Food Stamps, Disability and Part-time Employment
Posted on 07/08/2012 12:36:19 PM PDT by whitedog57
Since the end of June 2010, how have we done? 2.1 million more Americans have gone on disability while 1.87 million more Americans have dropped off on unemployment rolls. That is a net INCREASE of 237,000 going on disability.
In addition, there was growth of 792,000 workers from June 2010 in part-time employment. And dont forget that food stamps (SNAP) rose by 4,911,742 over the same period.
In a sense, it is a disabled/foodstamp/part-time employment recovery rather than a genuine employment recovery.
Think this is bad? Wait until the 20+ Obamacare taxes kicks in and the Bush tax cuts expire.
Meanwhile, the Euro fell against the US Dollar making US exports more expensive.
Hey President Obama and Democrats in Congress, can we try LESS regulation and LOWER taxes? Your approach isnt working.
I was thinking of using Big Brother and the Holding Company / Janis Joplins version of Summertime instead of Eddie Cochranes Summertime Blues, but Big Brothers version of Ball and Chain would be more appropriate for Obamas/Democrats approach to a regulated and taxed job growth recovery.
(Excerpt) Read more at confoundedinterest.wordpress.com ...
I was watching the news the other day and the long absent Debbie Syphilis-Test, DNC Chairthing, was bleating out the standard Food Stamp President’s fare of 4 million jobs created, although only 80,000 were created in June. One fact glossed over was that one of the leading economists noted that one third of the jobs created (I believe the % is higher) were temporary. If they are temporary jobs, once they lapse, they can be counted again when picked up. A lot of employers just hire temps to cover backorders and spikes and then lay them off. I wonder how many times the temps have been counted in the 4 million jobs total.
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