Posted on 01/11/2014 11:12:26 AM PST by Kaslin
I started the following article before the horrible January jobs report from the Labor Department was released Friday, January 10. After several modestly encouraging months in a row, analysts were expecting the January report to reveal another month of steady if not robust new job numbers. News jobs averaged 214,000 for the last four months. But, Obama's Labor Department found only 74,000 new jobs were created in December barely one-third of expectations.
The current EUC program already has served up about 10 times as many weeks of Federal extended benefits as the most recent program that operated in the wake of the 2001 recession and terror attacks, and nearly six times as many weeks as the program that ran from 1991 through 1994. That's just through July 2013, with tens of millions more weeks of checks to be added before the EUC program's expiration in December 2013. EUC's $252 billion in spending through July also dwarfs any prior program already spending $200 billion more than any recent program, in inflation-adjusted dollars.
|
FSB |
EUC |
TEUC |
EUC08/EB* |
Total Recipients |
8 million |
9 million |
8 million |
24 million |
Average Weeks of Benefits Per Recipient |
10 |
17 |
12 |
38 |
Total Weeks Claimed |
76 million |
151 million |
89 million |
881 million |
Total Benefits Paid (2013$) |
$22 billion |
$46 billion |
$28 billion |
$252 billion |
Perhaps not surprisingly, a new study identifies the EUC program as the cause of the painfully slow labor market recovery as employers have withheld new job offers until after the Federal extended benefits program ends. Another study reinforces that such programs have been behind recent jobless recoveries.
I will never forgive these rats for blowing 10 years of my working life with an economy they purposely turned to crap.
I used to think that recessions were always short, sharp, and quickly forgotten, even though my parents were factory workers. They hit us especially hard sometimes, but never long-term.
This is just a gloom that will never go away until that f***er is gone.
Who is in charge in Washington, D. C.?
What single thing has he done that has fixed things?
What single thing has he done wrong?
Who has the power to over-ride the President?
Who has prevented him from fixing things?
The list:
Bush
House
Senate
Supreme Court
Military Branches of the United States
CIA Overseas
NSA Overseas
Traditional Allies of the Unites States
Wall Street
Bankers
Lenders
Corporations
Republicans
Tea Party Members
Gun Owners
Founders
Constitution
Red States
Rich People
Small Business Owners
Hospitals
Physicians
Insurance Companies
Unhealthy Food
Christians
People who don’t want homosexuality to be put on a par with heterosexuality
People who don’t want transsexuals to be put on a par with heterosexuals
People who don’t want the age of consent to be lowered
People who want the traditional family unit to remain strong and sacred
Capitalists
Poor Barack, so many people are against him.
Everyone knows, every president before him had everyone on their side.
It not just him it's the entire Democrat party. Every F***in one of them. As well as the folks they've stacked the bureaucracy with.
If an economic downturn puts nearly or more than 25% of our working public out of work, and causes another 25% of our workers to work for much less than they were being paid prior to 2008, I’d say one would have to stretch their imagination quite to a bit, to imagine this is not a depression.
50% of our workforce has been devastated by the events of the last five years.
That’s no simple recession, I don’t care how they calculate such matters.
I’m not singling you out here. This is pretty much the perception that has been trotted out for consumption, and there are very few who object.
Most of the Republican Party needs to go with them.
After the Nazis and the Confederates lost their respective wars they were banned from politics entirely. The Republican/Democrat Party has done more damage to this country than all the wars of the past century combined. I think every Republican/Democrat elected official, current and former, should be banned from politics for life, even the few good ones. It would be worth it to clean out the mass of horrible traitors.
Permanent hiring is over.
What will next month’s jobs report show, now that Congress has voted to end long-term unemployment benefits?
The unemployed individuals who will no longer be receiving such benefits will also, apparently, no longer be on the unemployment rolls.
Which means unemployment will be shown to have gone down. Maybe we should expect a 5% unemployment rate to be announced next month.
If change is going to come in our lifetime the two party system will have to be the mechanism. While there are crooks and RINO’s in the Republican party, the entire party hasn’t been consumed by the left. So I disagree with the Republican part of your statement and believe it can adapt and be taken over just like the left completely destroyed the Democrats in the wake of Watergate, the Democrat party can not be changed in any reasonable timeframe.
Unexpected. And it’s all Bush’s fault anyway. And the polar vortex. And sequestration. And sun spots. And hemerhoids. And bad hair days. And leap year.
The leadership has. If the rank-n-file can't get rid of the leadership then they might as well be "of the left" as you put it. I look results, not intentions, and I see the results of GOP collusion with Democrats all around me.
I agree that the two party system can bring about positive change. All we need now is a 2nd party.
The Democrats were finished when they ran Wilson. The Republicans when they ran Wendell Willkie.
You left out Daylight Saving Time and Crocs.
Don't forget there are plenty of RINOS to take the blame also.
This is coming to a head and I doubt it will be pretty. I pray that a COS can head it off.
nobama's goal, simply put, it to turn the USA into a turd world banana republic with him as dicktator for life.
Unfortunately, IMHO, he is well on his way.
D.C.
Another way to state your point would be:
If baraq and his party were actively trying to destroy this country, would they be doing anything differently?
What really gets me is the colossal ignorance of the dimrats and their media that support him. They act as if none of this destruction will ever affect them.
Thank you. Excellent point.
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