My husband and I were talking the other day about the unemployment rate. Many people at his company got laid off, and I was telling him what I was seeing in the news about the DJIA and unemployment rates, that sort of stuff. I thought I’d put together a list of some links to the kind of stuff I see in the news.
While this first article is from 2014, the numbers haven’t changed all that much.
Wall Street adviser: Actual unemployment is 37.2%, ‘misery index’ worst in 40 years
Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.
In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.
Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn’t being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.
“The unemployment rate only describes people who are currently working or looking for work,” he said. That leaves out a ton more.
Here you can see how the unemployment rate spiked after the 2008 election: Bureau of Labor Statistics Data
Here you can see how the Labor Force Participation Rate has steadily declined since the 2008 election: Bureau of Labor Statistics Data
Here is an article demonstrating how the disability rate goes up when unemployment rates go down: Unfit for Work The startling rise of disability in America
And another article about that: The Number Of US Citizens On Disability Is Now Larger Than The Population Of Greece | Zero Hedge
Here is an article about the increases in food stamps: Food Stamp Beneficiaries Exceed 46,000,000 for 38 Straight Months
The number of people on some kind of support keeps growing, while the number of people providing that support keeps lowering. This is not sustainable. The government cannot continue to provide, when the providers are out of work. Nor should the government be providing these kinds of things for people. That is the responsibility of families, churches, communities, and organizations designed for such things. The government’s declared Constitutional role is to provide for the national defense, not food stamps.
President Obama will neither sign government funding bills that slash domestic spending nor negotiate to reduce the federal debt limit.
The president was not going to accept a budget in which domestic spending is further cut to soften the blow to Defense spending.
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
Before he enter on the Execution of his Office, he shall take the following Oath or Affirmation:–“I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States.”
In 2012, Washington collected $20,000 in taxes for every household in America. But Washington spent nearly $30,000 per household. Tax Day: Where Did Your Tax Dollar Go?
I look at this and wonder who in their right mind thinks this is okay? Who can overspend their budget by 30% and think there won’t be consequences?
Not only is the spending insane, but the things our money is being spent on are wrong, as well. The federal government is not supposed to be paying for all these things, except for national defense. Social spending is not the federal government’s responsibility.
If we don’t do something about this soon, and I mean soon like yesterday, we’re going to make Greece look like child’s play.
I found this article a few weeks ago and was going to do a longer post on it, but have decided not to. I mean really, what else is there to say? We are bleeding jobs.
Here’s a list of the top 10 industries expected to lose the most jobs by 2018 — and what to do if you’re working in one of them: (click the above link)
1. Department stores: Projected to lose 10.2 percent of the 1.56 million jobs they had in 2008.
2. Semiconductor manufacturing: Projected to lose 33.7 percent of the 432,000 jobs it had in 2008.
3. Motor vehicle parts manufacturing: Projected to lose 18.6 percent of its 544,000 jobs.
4. Postal service: Projected to lose 13 percent of the 748,000 jobs it had in 2008.
5. Printing and related jobs: Projected to lose 16 percent of its 594,000 jobs.
6. Cut-and-sew apparel manufacturing: Projected to lose 57 percent of its 155,000 jobs.
7. Newspaper publishers: Projected to lose 24.8 percent of its 326,000 jobs.
8. Mining support jobs: Projected to lose 23.2 percent of its 328,000 jobs.
9. Gas stations: Projected to lose 8.9 percent of its 843,000 jobs.
10. Wired telecom: Projected to lose 11 percent of its 666,000 jobs.