Skip to comments.The current economic recovery is a fraud
Posted on 12/29/2012 5:57:26 PM PST by Ron C.
For those who would see recovery in current economic data, there are these facts to ponder.
The first is that most of the decline in the unemployment rate has been a result not of more people working, but of more people leaving the labor force.
In November, unemployment went down to 7.7 from 7.9 percent in October, the lowest unemployment rate since late 2008. But at the same time unemployment declined, so did labor force participation--which fell to 63.6 in November from 63.8 percent in October. Half a million Americans have left the labor market in recent months.
Long term economic growth--and even growth in the short run--depends on an expanding labor force. Since January 2009, the labor force participation rate has declined by almost two percentage points.
(Excerpt) Read more at foxnews.com ...
Intelligent people no longer believe anything the state controlled “media” says. The nightly “news” is for the ignorant.
I can’t wait for the day when reality slaps the face of the average Obama voter.
Yes, and for the highly gullible!
Somehow I doubt that will ever happen for all too many...
Hate to post and run - but, I've got to leave for now...
More importantly, the lies of the Ubama regime are enabled by the corrupt Democrat "mainstream" news media.
It's tough to out-shout that bullhorn.
Dec 31st, when the faucet is turned off on unemployment payments (far below the “99 weeks”, not even 48 weeks), the Obama administration will issue a press release that unemployment claims have fallen even farther.
If Gov’t is ever cut. We have been living in a mirage for decades.
The recovery that has been created by the stimulus from all of those unemployment benefits. Just ask Pelosi.
Recently I noticed the local Dodge dealer had a lot full of new Rams for sale. A week later the lot was absolutely packed with Rams. I mean they were parked so close together that only Ethiopians could have walked between. A week later, the adjoining acre lot was filled with new trucks. It was unbelievable as there had to be at least two years of sales worth of trucks there. Later I drove up to Ft. Worth/Dallas and every Government Motors or Dodge dealer that I passed was stuffed with trucks. In little towns or the big dealers in the big towns. The lots were full and they were parked in adjoining grassy areas. Down here you don’t park 35-50K trucks out in the open because of possible hail or other damage. A week or so later I read in the paper that UAW workers were going to get 5-7K bonuses, which means the big pukes were going to get gigantic bonuses. I’ve never seen the channel stuffing as bad as I’ve seen lately. Even Ford and the foreign dealers inventories are way up. Now, if I remember correctly, the news reported Government Motors sales were up 17% and Fiat (US) were up 23%. I assume a sale is when the vehicle is dumped on the dealership.
Tell it to the lying cockroaches in the dominant news media.
That would also be almost four straight years of unemployment over 10%.
Unemployment will be ZERO by the method government uses to compute it, when job seekers get so discouraged, no one will be looking for a job. What a crock our government is!
CNN, FOX et al.....It's like listening to a Tokyo Rose broadcast...
I'm confident even those drooling in cups don't buy their tainted government produced propaganda.
From January 2002 to the present, the labor force participation rate has dropped from 66.5% to 63.6%, just under 3%. It's been flat for the past year, varying between 63.5% and 63.9%. There is no statistical sign of recovery, but also there is no mathematical evidence that things are continuing to decline. Of course, that is based on data from before the communist was reelected, so we'll see if the numbers drop below 63% by February 2013. If they do, that will have the obvious meaning.
If there was a recovery, the first place most see it is in the real estate statistics. Prices/ rentals/ foreclosures/ new starts, financing etc etc
Even if the people had positive expectations they would go out on a limb and buy, as the prices wouldn’t be any cheaper in the future. But, that ain’t happening. People in apartments would be going to houses, people in lower scale houses would be upgrading etc etc.... but it aint happening.
As far as I am aware, the whole of the US generally speaking- is still going backwards.
It'll get real when extension after extension after extension of the unemployment checks finally quits.
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