The Chairman and CEO of the Gallup organization has said out loud what many pundits have been saying but the major media don’t report: The unemployment numbers are a ‘Big Lie’.
In an opinion piece on the Gallup website, Jim Clifton says the hype from the media, White House and Wall Street about the unemployment rate falling to 5.6% is just that — hype:
There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.
Clifton says the numbers are a lie because they don’t count a shocking number of long term unemployed or underemployed people:
If you perform a minimum of one hour of work in a week and are paid at least $20 — maybe someone pays you to mow their lawn — you’re not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.
He says that hardly qualifies as a full time job — which is what Americans believe are created when the monthly jobs totals come out:
Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older.
Clifton warns there are real-world consequences to the shady calculus:
When we fail to deliver a good job that fits a citizen’s talents, training and experience, we are failing the great American dream.
While he says ‘Few Americans know’ about the back story on the numbers, most Americans know and can relate to the loss of the American dream.
“High debt, high taxes, high regulations & high poverty”
You have heard it before: “As California goes, so goes the nation.” If that is the case, the national economy will be harmed for decades to come because of California’s misplaced priorities today. Indeed, by emphasizing high-speed rail over water and failing to deal with its debt crisis, California poses a long-term threat to our national economy and is on an economic collision course of increased immigration and lack of water.
Despite a much-heralded recovery in the media and by Governor Jerry Brown, California still has one of the nation’s highest unemployment rates. Also, more than 30% of the nation’s welfare recipients are Californians – even though California has just 12% of the nation’s population. It is not surprising, therefore, that California is ranked number one in poverty.
The cause for those bad statistics is bad government policy. California is the most regulated, highest-taxed, most in-debt state in America.
Beyond debt, Governor Brown recently signed a huge tax increase featuring a top rate of 13.3%. Overall, California taxes are 42% higher than Texas.
Read the rest of Tom’s piece at Forbes:
The Congressional Budget Office has released its latest ObamaCare report. CNBC reports, “A historically high number of people will be locked out of the workforce by 2021.” Why? “President Barack Obama‘s signature health-care law will contribute to this phenomenon, the CBO said, citing new estimates that the Affordable Care Act will cause a larger-than-expected reduction in working hours—eliminating the equivalent of about 2.3 million workers in 2021.
[W]orkers will choose to supply less labor–given the new taxes and other incentives they will face and the financial benefits some will receive…
The CBO unintentionally confirms something else besides the hollowing out of the American labor pool. Two million more workers will be sidelined and “almost entirely because workers will choose to supply less labor–given the new taxes and other incentives they will face and the financial benefits some will receive” [emphasis added].
Simply put: people will either choose to work less because of the burdens of taxation and expense of ObamaCare or will be content to sit back and take a government check. If doing for one’s self is the essence of the American spirit, then this study is not a mere observation of distortions due to government incentives. This study shows ObamaCare is nothing short of the killing of the American spirit.
Hitting the food bank for a basket of goodies, selling what’s left in the jewelry box, cashing in what you dare of retirement savings and ‘Craig’s Listing’ possessions have become a regular part of Americans’ survival plans. The horrible economy and onerous regulations such as the Democrats’ Dodd-Frank and ObamaCare have killed jobs. That fact is confirmed in the numbers of jobs going part time and the nine million workers who sit on the sidelines but who are no longer counted as unemployed. People are trying to survive until things get better. Sadly, the Democrats have announced plans to make things worse.
Instead of stanching the economic bleeding of hurting people, the number two most powerful Democrat in the House, Steny Hoyer, is calling for expansion of the programs that exacerbated our economic problems. And, as he does, he once again blames Republicans. The net effect is, Nancy Pelosi’s consigliere would rather have more unemployment than retreat from their failed plans:
“Undermining” ObamaCare is precisely what is needed to stop the job bleeding. In fact, it’s precisely the one thing for which Americans are now clamoring. But Hoyer would prefer to extend the misery by throwing more borrowed money at their created problem:
And here Hoyer calls for more of the same:
Gee, Steny, what’s the definition of insanity again?
Politicians need to remember: We have only one wallet. The money comes from only one place.
I just saw a Facebook post by a man who says ObamaCare will cost him $4,000.00 more than his old health insurance plan AND his property tax bill just went up by $1,400.00 this year.
Somehow he’s going to have to economize enough to squeeze out an additional $5,400.00 of his earnings to satisfy the greedy government.
Why the increase in property taxes?Politicians and their buddies put bond measures to fund their pet programs –library districts for example–and voters robotically respond, ‘Oh, yes, they must need funding. After all, who else will do it?’ Newsflash: we already pay for these things with our tax dollars. The problem is politicians who are unwilling or incapable of setting priorities.
Politicians pay for their good intentions with our hard work. They think we work for them.
What if we can’t find a job to pay for their pet programs? Unemployment is still at record levels due to droves of people dropping out of the work force unable to find work in this horrible economy. The work that is out there is mostly part time thanks to onerous burdens of government regulation from ObamaCare and Dodd Frank.
We are being sucked dry and then are demonized and called greedy by our own President when we protest.
This national nightmare can’t can’t end soon enough.