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All Da King's Men

The Unemployment Mirage

By David King Published: January 19, 2014

If you listen to the mainstream media or the White House, you might think the unemployment rate in America has gone down since Barack Obama became President five years ago. After all, the official unemployment rate was 7.8% when Obama took office in January 2009, and the official unemployment rate now is only 6.7%.

Unfortunately, the "official" unemployment rate, like so much that comes from the government, is, to put it frankly, a load of BS.

The truth is, nearly two million  FEWER Americans are employed today than in January 2009.

The truth is, about 11 million MORE  Americans are out of the labor force than in January 2009.

The truth is, our labor workforce participation rate is at a 35-year low.

The government makes the official unemployment rate appear far lower than it really is by not counting millions of unemployed people. Some trick, eh ? Maybe the government should simply stop counting ALL of the unemployed people, and report an official unemployment rate of 0.0%. That would make Obama look very good. On a related note, the government also makes inflation appear lower than it really is by not counting things like  food and energy prices...and the Indianapolis Colts beat the New England Patriots last saturday if you don't count 22 of the points the Patriots scored in that game.

And if you like your insurance plan, you can keep it.

The NFL couldn't get away with such dishonesty, but sadly, our government can and does. The punch line is, the government is supposed to be working for We, The People. Instead, it is pulling the wool over our collective eyes at seemingly every turn.

The last monthly jobs report, from December 2013, was very weak. It showed that 74,000 jobs were created (it takes over 100,000 jobs created per month to keep up with current population growth rates). It also showed that 347,000 people left the work force. That's bad, but the truth was even worse. Over half of the December job gains were temporary jobs.

Fewer jobs were created in 2013 than in 2012.

Seeing as how the recession officially ended in 2009, and seeing as how the Federal Reserve has been engaging in stimulus to the tune of a trillion dollars per year,...WHERE'S THE EMPLOYMENT RECOVERY ? Wouldn't it be nice if someone (like maybe a reporter. Do we still have those ?) asked this question of, say, President Obama, and kept asking him until he gave a reasonable response ? Because all we keep hearing from the President is stuff like this, from a couple days ago:

"We are primed to bring back more of the good jobs claimed by the recession, and lost to overseas competition in recent decades," Obama said in his weekly radio and web address.

"But that requires a year of action. I want to work with Congress this year on proven ways to create jobs, like building infrastructure and fixing our broken immigration system," Obama said.


"We are primed to bring back more of the good jobs claimed by the recession, and lost to overseas competition in recent decades," Obama said in his weekly radio and web address.

"But that requires a year of action. I want to work with Congress this year on proven ways to create jobs, like building infrastructure and fixing our broken immigration system," Obama said.

"We are primed to bring back more of the good jobs lost by the recession, and lost to overseas competition in recent decades", Obama said in his weekly radio and web address.

"But that requires a year of action. I want to work with Congress on proven ways to create jobs, like building infrastructure and fixing our broken immigration system".

With all due respect to the President, he's been saying these things for five years now. He was already given an $800 billion stimulus package to build our infrastructure (turns out those "shovel-ready jobs" weren't so shovel ready after all, ha ha), and how in the world is legalizing millions of illegal immigrants going to help the unemployment situation, except by making it worse ? I don't get it. I don't see how we are "primed" to bring back more jobs either. How are we primed ? By our high corporate tax rates, our trade deficit, our massive debt, our propped up imaginary economy, added Obamacare cost burdens, our inadequate education system,...HOW are we primed, exactly ? Someone should ask the President. I'd sure like to hear that answer, and I thought he was supposed to be working for us. The only thing I see us primed for is more massive increases in welfare  benefits and debt.

 

"But that requires a year of action. I want to work with Congress this year on proven ways to create jobs, like building infrastructure and fixing our broken immigration system," Obama said.

 

"We are primed to bring back more of the good jobs claimed by the recession, and lost to overseas competition in recent decades," Obama said in his weekly radio and web address.

"But that requires a year of action. I want to work with Congress this year on proven ways to create jobs, like building infrastructure and fixing our broken immigration system," Obama said.


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