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.
Here’s a good one, subtract FedGov deficit spending (10% of GDP) from the annual growth rate (< 2%) and real GDP growth is around NEGATIVE 8% !!!!!!
Job growth is occurring in government, which means the parasite is outgrowing the host.
I’m always amazed by those who claim to master the art of political science, who will machinate schemes to harvest more political control, but are blind to basic economic identification.
If the people would only identify a good economy from a bad one, instead of focusing on their next available paycheck, and ignoring the incredible incompetence of the ‘Liberal’ political machine, they would less painfully manage to recover economically.
In a good economy, with liberty and freedom, new industries boom with human invention and enterprise.
What new industry has arisen in the last decade? ...2 decades????
What industry is even thriving today such that any person can venture into it and naturally prosper?
Today’s democratic party controlled Government doesn’t even attempt to promote new industry, unless it’s an older idea they are seeking to extort for immediate cash.
The only method of business these people know is via extortion and racketeering. Even if they wanted to go legit, they don’t have the discipline nor wherewithal to approach establishing the basis of economic recovery, because they really don’t understand the basic principles of legitimate economics.
They have studied how to grift their way into success, but that always assumes somebody else is creating the wealth.
Now they are so accustomed to the grift, they don’t know how to operate legitimately, nor will they be satiated by that approach. IMHO, this administration is economically corrupt.
Anyone recall how many dealerships were shut down and it turned out most were “repbulican/conservative” owned dealerships? Tough shit for the “survivors”. They are now getting eaten by their own messiah.
Then, the broadcast networks have a major problem ~ nobody watches. The cable network shows also have a major problem since TV broadcasting channel usage is way up. We used to have just 17 broadcast stations we could reach, and now we get over 50 channels from them.
There's plenty of room for folks creating new content, but there's little room for new journalists since no one is going to pay them.
I believe it completely. A dealership I purchased three vehicles from that was doing VERY well (because of outstanding customer service and ability to beat out competition honestly) was shut down. If I were to go in during the a.m. for inquires or service for my vehicle, they would ALWAYS have the local conservative talking head on the radio (guy by the name of Jim Quinn), none of the elevator music or golden oldies so typical of most.
i bought my last GM there, a Pontiac, and when Pontiac went belly up, they lost their dealership and the boy gave the company to the UAW, i said NEVER AGAIN!!!
“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!”
Or we could just have the government hire everyone and there would be no unemployment. In a real communist paradise there can not be any unemployment.
“As far as I am aware, the whole of the US generally speaking- is still going backwards.”
I would suspect that not only are we going backwards but ACCELERATING!
“IMHO, this administration is economically corrupt.”
You qualify for a PhD in understatement.
“Then, the broadcast networks have a major problem ~ nobody watches.”
Only the immature watch TV “news”, the real adults would rather watch science fiction, at least some part of Sci-Fi is believable.
Of course it’s a fraud! It’s always been a fraud, otherwise known as a lie! There is a simple reason... the “uninformed voters” reelected Prez Zippy, and he’s about to take each and every one of us for more taxes. The “uninformed” won’t even realize what is going to occur until they look at their paychecks and notice it’s smaller. At least the “informed voters” will know they’re getting screwed and why!
“I would suspect that not only are we going backwards but ACCELERATING!”
Also known as a death spiral.
When the general level of the S & P index is closely linked to corporate earnings per share, and when more than 40% of people depend upon the federal government and when the federal government is borrowing more than 50% of what it spends and when the federal reserve corporation (solely owned by the “member financial institutions”) is buying about 90% of the federal bonds by creating money out of thin air, that leads to a material question: What portion of the profits are a result of the federal reserve’s money-printing?
Next question: what happens to those profits when the Federal Reserve Corporation stops its money-printing?
In other words, where would corporate profits and thus the S & P index and thus the DJI go to when the money-printing stops? That difference is caused by the mirage of fiat money.
I’m not optimistic that they’ll even recognize it. For those people responsibility always lies with someone else.
Did you listen to him?
The “recovery” has been non-existent since the summer of 2010.
An economy is “recovering” from a recession when the growth rate accelerates to a level that exceeds the long term growth rate (about 3 and 1/2 percent above inflation). By this definition, the economy began recovering in the summer of 2009, as companies cut their losses and began to turn a profit, largely by laying off less experienced employees and closing down non profitable operations.This set the stage for the cyclical return to prosperity that we have witnessed in the 1920’s, 1950’s, and 1980’s. But when Obama’s plans to increase taxes and make energy prices “skyrocket” went public and his hostility to small business became clear, the recovery disappeared. Thus, our jobless non-recovery, and the longer it goes the more our productive skills will atrophy.
Only for a minute. I can’t listen to any of the lying dogs of the political class. The arrogant blowhard is the worst one of all.
That’s true and depressing at the same time.
I think I quit watching ‘the news’ on any channel over 20 years ago... 8^)
Somehow I don't think that day will ever come... maybe I'm wrong but I fear not.
There isn't one, and won't be one - I fear ever!
The common mindset has been, Get complete gratification today, pay for it tomorrow. Then, the cars depreciate, the TVs and toys break, the vacations and casino trips become faded memories, and the party comes to an end.
But paying for it all, well... that continues for the next 30 years. But its okay - - just borrow some more and do it again, and push an even bigger day of reckoning out another 10, 15, or 30 years. Just use the house for collateral again - - I mean, real estate values keep going up up UP, right? Sure they do...
Naturally, the banks (and the government that calls the shots for the banks) have worked hard to become accomodating enablers. At least, they were accomodating enablers until recently... Oops...
Of course, the government itself has operated the same way, but even more recklessly than the selfish, ignorant chattering class. The government has maxed out the credit card of not only today's taxpayers, but the credit cards of the taxpayers' children and grandchildren!
Gee, who saw this house of cards collapsing?
Who saw this depression coming?
The day of reckoning has come a little earlier than many expected. It is finally time to pay the piper.
It was inevitable.
No way is a Democrat ever going to stand up and deliver the bad news. Democrats are cowards just as surely as they are liars. So who will lead America out of this mess?
I have no freaking idea.
Those who agree with this Administration are economically corrupt.
IMHO, this Administration is economically criminal.
I agree. The human gimee pigs will always be obedient to those who gave them hand outs.
Go have a look @ Vimeo.com and search on Agenda: Grinding America Down,
Then take two aspirin and call me in the morning!
It connects the dots, crosses the ts and dots the is. The only thing it does not touch on is Obama and his muslim roots and sympathies. Between the two, we have a casty cocktail of marxist-muslim whos singular goal is to take down America. Actually , its a double header. Take down America and you take down western man. In the meanwhile he has his proxy the MB lining up in rank and file to go whack Israel.
Whatever happens to Israel, happens to us and europe. Not necessarily in that order.