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The Truth About the Economic Recovery

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  • The Truth About the Economic Recovery

    Plouffe and team with the help of the subservient Media have been trying to spin the horrible "jobless recovery". The press secretary Carney, yesterday disagreed with assertions from the press that most new jobs were part-time. How many times in the past did we hear these described as "just burger flipper" jobs?
    Here's an excerpt from an article with real government figures, that more accurately reflects the depth of the "jobless recovery".

    "In recent months, Americans have heard reports out of Washington and in the media that the economy is looking up—that recovery from the Great Recession is gathering steam. If only it were true. The longest and worst recession since the end of World War II has been marked by the weakest recovery from any U.S. recession in that same period.

    The jobless nature of the recovery is particularly unsettling. In June, the government's Household Survey reported that since the start of the year, the number of people with jobs increased by 753,000—but there are jobs and then there are "jobs." No fewer than 557,000 of these positions were only part-time. The survey also reported that in June full-time jobs declined by 240,000, while part-time jobs soared by 360,000 and have now reached an all-time high of 28,059,000—three million more part-time positions than when the recession began at the end of 2007.

    That's just for starters. The survey includes part-time workers who want full-time work but can't get it, as well as those who want to work but have stopped looking. That puts the real unemployment rate for June at 14.3%, up from 13.8% in May.

    The 7.6% unemployment figure so common in headlines these days is utterly misleading. An estimated 22 million Americans are unemployed or underemployed; they are virtually invisible and mostly excluded from unemployment calculations that garner headlines......."
    "GET OFF MY REEF!"

  • #2
    It's called the "Obama Spin"-all BS and no truth-just like the words that come out of Obama's mouth.
    "Hey Hillary, regarding the Benghazi Attack on 9/11-we'll just blame it on that movie, not my total lack of security. By the way, what's so significant about 9/11 anyway-was that a date my buddy Bill Ayers of the Weather Underground blew up a government building?" asked Obama to Hillary. BEAUTIFY AMERICA, RUN OVER A LIBERAL, THEN BACK UP AND SEE IF HE'S DEAD.

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    • #3
      Re: The Truth About the Economic Recovery

      Record jobless claims last week reported.things are just fine in Obamanation.

      sent from my taxpayer-funded sail phone and yes the government is tapped into my talk
      I LIVE IN A SMALL COMMUNITY WITH A LARGE PROBLEM AND A PROBLEM.

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      • #4
        I've read that because of Obamacare companies are considering having employees work only 30 hours a week to avoid insurance coverage although employees want more hours . Companies nor the government cannot fathom how to implement Obamacare .
        GEORGE A. BRANARD, COLOR SERGEANT, CO. L, 1 ST TEXAS INFANTRY, HOOD'S TEXAS BRIGADE, C.S.A. : S.C.V.

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