Time to play offense on the shrinking workforce

American Thinker ^ | August 10, 2016 | Jerry Korth

[expat_panama]

When is someone on the right going to expose the bogus employment and new job creation statistics being bandied around by almost everyone on the left? Usually, the media lets Obama and his minions drone on about the U3 unemployment rate of 4.9% or so and the number of “new jobs” created each month over the past seven years under Obama. Occasionally, a conservative media pundit will call them on the fact that there are many folks who have given up trying to find a decent job and have left the workforce and that many of those “new jobs” are low wage and part-time jobs.

But even that kind of correct reporting on the uncounted long term unemployed (without work for over 27 weeks) and the “new non-farm private sector job creation” doesn’t get to the heart of the matter...

...No wonder Obama’s deficit spending and quantitative easing which added $9 trillion to the national debt since 2008 has only produced a paltry growth in Nominal GDP from $14.58 trillion per year in 2008 to $16.51 trillion today, an increase of $1.93 trillion. This equates to an average annual GDP increase of only about 1.4%.

When will the RNC wake up and start beating this drum?

[laconic]

Mrs. Clinton’s husband was a jerk, but he knew how to campaign on the slogan “Its the economy, stupid”. Trump needs to hit this theme, over and over and over again, and get away from constantly responding to the personal insults.

[central_va]

Unemployment wouldn’t even be an issue of the USA hadn’t closed 55,000 factories and shed 12,000,000 manufacturing jobs since 2002.

[silverleaf]

If trump,is elected the SHTF within a day

Of course it will,all be his fault

The open ended spending authority that Paul Ryan and the congress gave to obama? Expires in March 2017 and the next president has to face congress and yet again extend our debt limit to keep the givernment going ( if we ever go back to having a " debt limit" or cap,on spending authority

and figures suggest by then we will be about $21 trillion in debt
This is all being masked under obama

[GnuThere]

That is incredibly damning.
Or, as Obama would say, “Mission accomplished!”

[Alberta's Child]

Bill Clinton was a politician. Donald Trump is not. It really shows in this campaign, doesn’t it?

[Wolfie]

We’ve been following the same economic paradigm since Bush 1, and this is what it has gotten us. But, hey, the TPP will fix it all.

[kearnyirish2]

“When will the RNC wake up and start beating this drum?”

Until the RNC realizes that Dems are winning elections with the votes of those who DON’T WANT TO WORK, then they will continue to falter. The voting bloc of welfarians, “fake disability” recipients (those who simply switched from depleted unemployment to “disability”), and unionized government workers is now powerful enough to outvote working taxpayers. High unemployment numbers don’t hurt Dems; they are the source of their support in this “new normal”, post-work economy...

[Tax-chick]

Shhhhhhhhh. You’re not allowed to say (or think!) that. Responding to personal insults is why Trump will win all 57 states!!!

[Alberta's Child]

When will the RNC wake up and start beating this drum?

The RNC can't "beat this drum" because it doesn't have any answers.

In 2016 the U.S. finds itself in a position that might actually be part of the natural progression of a global empire. Its citizens (and non-citizens) are no longer expected to be productive workers, and instead function as nothing more than the world's biggest consumers of anything the human mind can envision.

The shrinking U.S. work force simply reflects the fact that this consumption must be financed through massive debt, not productive work. That's really all there is to it.

[expat_panama]

Another quiet boring trading day as the major stock indexes stall out in fading trade volume; metals likewise are sleepwalking into more of a base.  Let's say the futures traders are right w/ today's slight gains for both, so we can take the day off and go back to bed.

We'll only be getting this stuff today--

7:00 AM MBA Mortgage Index
10:00 AM JOLTS - Job Openings
10:00 AM JOLTS - Job Openings
10:30 AM Crude Inventories
2:00 PM Treasury Budget

---so what could possibly happen?

If you're not sleepy, there are always these theads:

• Clinton Promises A Third Term Of Economic Suffering
• The Warren Buffet Economy: How Central Bank Enabled Financialization Divided America
• Hillary Clinton and the Recoveryless Recovery

--or these 'should-be' threads:

Trump Is Very Correct That Stocks Are Overvalued - Shawn Tully, Fortune
After His Detroit Speech, Donald Trump Is Back - Steve Forbes, Forbes
Trump's 'Death Tax' Repeal Is a Scam - Michael Hiltzik, Los Angeles Times
Look Out Hillary, Trump Has the Economic Advantage - Editorial, IBD
What Happened on Wall Street Ahead of the Crisis? - William Cohan, NYT
The Pay Gap Myth and Other Lies That Won't Die - Thomas Sowell, NRO

[wastoute]

Fear not. Come January, under President Trump there will be huge swaths of professionals in this country (”journalists, economists, etc.) who will suddenly remember how to do their jobs...

[jsanders2001]

Two things I know for certain about this economy. If you use the method use to calculate employment in pre-January 20, 2009 NO WAY would you have 4.9 % employment. It woud be bearer to 30 %. Sure you have "jobs" ou there but these are not the jobs your father or grandfather had. They could actually afford to pay their bills and rase families. The government is skewing the numbers counting part-time, seasonal, and temporary employment the same as regular employment while excluding those who've just given up looking because there's so many people waiting to fill them and the illegals get preference. I know so many eople who've lost their jobs in the past 7 1/2 years it's mind boggling. I also can never remember a period when so many businesses closed ther doors. Much of it directly due to this administrations hostile business regulatory requirements and policies in general in addition to creating a situation where people simply don't have as much disposable income anymore. The other is there's far less disposable income due to the cost of everything rising faster than at any other time that I can remember in my lifetime. It's as though the administration believes we should fork over any income above what we need to pay our bills..well I have news for 'em. There's never enough to pay the bills we have anymore so there's always a shortage so I have to find ways to make up the difference. We've trimmed the bills as far down as we can and budgeted every penny. We rarely go shopping except for groceries and have been wearing many if the same clothes we've worn for years.

I can't wait for Trump to kick Hillary's a$$ to the curb and clean house to restore some sanity to our nation. Then maybe the jobs will return as the hostile business environment is removed, the tax burden relieved, and the regulatory fees stripped so the prices of some goods can come back down. And we can live free again without the constant assaults on our freedoms and constitutional rights by the leftists.

[mountainlion]

The demonicrat destruction of the USA goes back a long ways. Carter destroyed the Steel Industry and petroleum industry in the US. The FED is a skimming operation for the world banks. ....

[rdcbn]

This also partially explains the lack of inflation one would normally expect with such huge deficit spending.

It's hard to ignite an inflationary Price-Wage Spiral when so few are working

[bert]

Your fallacious assumption is that the companies providing the jobs could make products at a price they would sell and that those same companies would be alive today

[Alberta's Child]

It also explains why price inflation today is typically seen only in products and services that are either paid for directly by government, or are provided to consumers under government mandates.

It's amazing how we've become a fascist nation without anyone even realizing it.

[Alberta's Child]

You're going to be disappointed even if Trump wins.

This isn't an Obama problem. It's a problem that's endemic to any aging socialist economy ... which this country has had for decades, by the way.

[expat_panama]

jobs will return as the hostile business environment is removed

imho this is the key.   There simply won't be any new employment as long as people understand that they'll be attacked if they become employers.

[jsanders2001]

< It's a problem that's endemic to any aging socialist economy ... which this country has had for decades, by the way.

But nowhere near as prevalent as its been since the first gay Muslim socialist ascended the throne. The seeds were planted long ago. They've now bloomed and taken over the garden. Time to bring in an exterminator. Take your pick - Trump the exterminator or Hillary the fertilizer...I'll take Trump for now.