The “Great Recession” officially ended six years ago however someone forgot to include the average American Citizen in the recovery. Mainstream Media publishes what is promoted to be encouraging economic news claiming the addition of 200,000 new jobs in one month is a sign the economy is gaining steam. However a closer look at the facts tells an entirely different story, a story that your local news affiliates simply will not talk about. Its a sad day in America when the only news agency willing to talk about the truth of the present “Obama” American economy is Al Jazeera, but then again that is Obama’s vision of America, isn’t it?
From a Blog called the Crux
“In the last six years America’s population grew by about 14 million people. With population growth taken into account, America needs more than 145 million jobs to surpass 2008′s employment percentage. [Background.]
Furthermore, the share of working-age people who have work or are looking for a job – the civilian labor force participation rate – has declined. In January 2008 it stood at 66.2 percent but was down to 62.8 percent this April. Bringing the participation rate back up would require a few million more jobs.”
I like to break things down mathematically so let me do that for you with the above statistics:
14 million new people in six years equals 200,000 new mouths to feed every month and that number does NOT include Illegal Immigration.
So when the labor department published the “new jobs created” report each month and it falls below 200,00 that means we have created fewer new jobs than “LEGAL” immigration would require to feed our new NON-Citizens.
NOT including Illegal Immigration.
In the past six years the “Jobs report has been UNDER 200,000 new jobs created more often than it has been above. No wonder our welfare rolls are growing so fast, but the news gets even better, so hang on.
Taking into account the number of new jobs required for Legal Immigration (145 million) just to get us back to 2008’s “Pre-Recession” economy and the fact we’re producing fewer than 200,000 new full time jobs per month, things aren’t looking so good because, oh wait a minute, I forgot to include the unemployed American born citizens whose families need jobs. But then I didn’t really forget them, they are included in the above discussion but our Government has long since forgotten about them, haven’t they?
I digress, so I’ll get back to my next point.
Breaking down the fact that it would take 145 million new “FULL TIME” jobs to gainfully employ the increased LEGAL immigration over the last six years and return our work force to full employment, we discover that good economic news would have to include no less than 2,000,000 new jobs per month. A net deficit of 1,800,000 jobs each and every month for the last 6 years. When you consider that most of the new jobs created since the introduction of Obamacare have been part time jobs the truth about the economy is even uglier.
At the current rate of job creation (assuming 200,000 new full time jobs/month) it would take no less than 725 months to create enough jobs to meet the needs of the last six years of legal immigration and unemployment from the “Great Recession.” But hang on because two hundred-thousand new jobs a month would only work if there wasn’t one more person allowed to be born in the USA or immigrate here from another country for the next 60 YEARS!
These numbers do NOT include Illegal immigration, so even a mental midget can see the ‘REAL’ economic news is NOT good.
Last but not least, is the “Work Force Participation Rate.” At 66% that means that nearly 4 out of ten people (3.5 out of ten people, kind of sucks to be that 1/2 person) you’ll see on the street today who could work, are unemployed or are underemployed when you factor in the decreased number of working hours most new jobs offer these days. Therefor the Real Unemployment rate is closer to 40% unemployment but just to be fair we’ll use the above number and call it 34%.
If you’ve studied any economics at all you’ll recall that a 5 to 7 percent unemployment rate is healthy. Our current numbers are nearly 6 times that high.
Obama’s vision for America looks like is a smaller work force participation rate than we had at the beginning of WWII, ridiculously high numbers of people immigrating here given the state of our economy, a Federal Government that is filled with do nothing legislators who only give lip service to the problems we face as a nation, leadership by executive order and an ever increasing number of illegal immigrants who have no real vested interest in the American way of life other than a welfare check or social security program, should it be any wonder that legal citizens are getting fed up?
I ask the question “who does the Federal Government think is going to pay the taxes for the benefits they are dolling out?” Or maybe the better question might be “does the Federal Government even care?” They think we can print money till the cows come home and borrow our way into prosperity. I forgot to mention that working class Americans saw their Federal, State and local taxes increase substantially over the last six years. Which means that every day working class Americans work longer and harder for less and less take home pay while footing the bill for Obama’s idea of “CHANGE!”
I think we should be asking the question “Is this economy being intentionally sabotaged by our own Government?” I ask this question because, given the abundant fossil fuels located on the mainland USA, we should be experiencing the biggest economic boom in the history of the world, but alas we are not. Sadly our Republican Legislators (and Democrats) think homeland security, common core and health care reform will fix our problems.
What good will an education do for us if there are no jobs for the educated to work at? And by the way don’t even start talking about the “Trillion” dollar plus student loan debt that will never be repaid unless our graduates are working. What good is Homeland Security and the TSA with borders that are literally hemorrhaging illegal immigrants. What good is health care reform when the population it is allegedly designed to serve are out of work and can’t pay the insurance premiums the reform depend upon in order to work?