Posted on 05/17/2013 8:04:28 AM PDT by SeekAndFind
If President Obama were to stand before the magic mirror and chant, “Mirror, mirror, on the wall, whose is the most jobless recovery of them all?” the mirror would answer, “Yours is, Master.” We are now 46 months into our third jobless recovery since 1991, and this one is the most jobless by far.
But wait! First quarter GDP growth was up from 4Q2012, and the stock market is hitting new highs almost every day. Doesn’t that mean that there is finally hope for the labor market?
No, it does not. With current economic policies, the employment picture is not going to improve much. While there is some possibility that we will start to see faster real GDP (RGDP) growth, there is no chance that this will translate into significant movement toward full employment. Here’s why.
Copper currently sells for about $3.27/lb. Let’s say that the federal government put a $1.00/lb sales tax on copper, and also started offering copper companies $1.00 pound not to produce it. America might still manage to achieve RGDP growth, but everyone would be talking about a “copperless recovery.”
Whatever else Obamacare does, it drives up the costs and risks of employing people. At the same time, the Obama administration’s aggressive expansion of alternatives to working (food stamps, Social Security Disability Insurance, extended unemployment benefits, etc.) has reduced the willingness of people to work for the wages that marginal employers can afford to pay.
This brings us to today’s simple economic equation:
Obamacare + Food Stamps = Jobless Recovery
Of course, to call what we have now a “jobless recovery” is actually too kind. During President Obama’s so-called “economic recovery,” the jobs situation has gotten worse, not better.
In April 2013, America was 15.9 million full-time equivalent* (FTE) jobs away from full employment.**
(Excerpt) Read more at forbes.com ...
The jobless recovery will continue until we bring back the exported jobs.
Dear leader does not approve this message.
“The jobless recovery will continue until we bring back the exported jobs.”
That’s right; the freebies might discourage people from looking, but it is more to pacify them (there aren’t many jobs anyway, and certainly not many you could raise a family with).
Jobless “recovery”? More like jobless stagnation.
I know lots of small business people. They are all working their arses off and waiting times for their services are getting longer. Why?
#1: They can’t afford to hire new workers because of gov’t regulation.
#2: owebama has created an entire new group of “workers” for whom it is more lucrative to sit on their arses collecting government bennies than to actually do something productive with their lives.
Here is the kicker. Retail sales are still going up. If incomes are stagnate and more people not working, where are the consumers getting money to buy stuff??!! Analysis of retail data show the stores that cater to the wealthy are doing well (rich still getting richer) but stores catering to everyone else are stagnate or show slight declines. Either we have an underground economy or middle class is borrowing to buy stuff.
Call it what it is: The Obamapression. . .
Democrats are not interested in job recovery. They are hard core communists and want to create a dictatorship and the elite Democrats want power and wealth. The rest of us are slaves to feed the corrupt. Romney was our only chance to briefly stop the momentum.
If unemployment has dropped and less people are getting laid off, then why are there 50 million people on food stamps?
Either we have an underground economy or middle class is borrowing to buy stuff.
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Judicious use of credit cards, by spreading small purchases between several clear cards and paying it off in 1-2 months for little to no interest, plus points/cash back.
12 months/no interest contracts for sales over $250 + up.
Taking judicious advantage of store credit promotions,coupons,BOGOs.
Consignment shops.
Thrift stores.
Flea markets/rummage sales
Shopping clearances.
Discount stores, eBay.
Pair these tactics with selling on eBay.
Donate whatever you can to tax-exempt charities, like Easter Seals to lower taxes.
This has been the case in my household for 5 years.
Revolt is coming.
“Either we have an underground economy or middle class is borrowing to buy stuff.”
Here in NJ the underground economy is huge; at the Meadowlands Flea Market (next to Giants Stadium) you can see all of the Americans selling their tools (and other property) to the illegals who now do those jobs. The malls also have a lot of illegals in them; they are the only ones carrying bags in their hands (buying anything), and they are also the only ones breeding (at least the one all-important anchor baby).
Public school systems are now trying to weed them out (not get rid of them, but make them pay); it was all right for them to bankrupt the towns until teachers (including tenured ones with little seniority) starting getting laid off due to property tax increase caps. Illegal apartments are spreading as Americans, with their low/non-existent birthrate, no longer need the space even a one-family home offers.
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