US Economy major downturn imminent?, Why Obama loves shutdown diversion, Job cuts, Record participation rate drops, Largest drop in US economic confidence since 2008
“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief
“Rising medical costs, “combined with the costs associated with the Affordable Care Act, have made it increasingly difficult to continue providing the same level of health care benefits to our employees at an affordable cost,””…UPS memo
“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″
Why is Obama so wrapped up in the government shutdown controversies?
It is another great diversion from one of his many failures.
From The Economic Collapse Blog October 14, 2013.
“22 Reasons To Be Concerned About The U.S. Economy As We Head Into The Holiday Season”
“Are we on the verge of another major economic downturn? In recent weeks, most of the focus has been on our politicians in Washington, but there are lots of other reasons to be deeply alarmed about the economy as well. Economic confidence is down, retail sales figures are disappointing, job cuts are up, and American consumers are deeply struggling. Even if our politicians do everything right, there would still be a significant chance that we could be heading into tough economic times in the coming months. Our economy has been in decline for a very long time, and that decline appears to be accelerating. There aren’t enough jobs, the quality of our jobs continues to decline, our economic infrastructure is being systematically gutted, and poverty has been absolutely exploding. Things have gotten so bad that former President Jimmy Carter says that the middle class of today resembles those that were living in poverty when he was in the White House. But this process has been happening so gradually that most Americans don’t even realize what has happened. Our economy is being fundamentally transformed, and the pace of our decline is picking up speed. The following are 22 reasons to be concerned about the U.S. economy as we head into the holiday season…
#1 According to Gallup, we have just seen the largest drop in U.S. economic confidence since 2008.
#2 Retailers all over America are reporting disappointing sales figures, and many analysts are very concerned about what the holiday season will bring. The following is an excerpt from a recent Zero Hedge article…”
“#9 The number of announced job cuts in September 2013 was 19 percent higher than the number of announced job cuts in September 2012.
#10 The labor force participation rate is the lowest that it has been in 35 years.
#11 As I mentioned the other day, the labor force participation rate for men in the 18 to 24 year old age bracket is at an all-time low.
#12 Approximately one out of every four part-time workers in America is living below the poverty line.
#13 Incredibly, only 47 percent of all adults in America have a full-time job at this point.
#14 U.S. consumer delinquencies are starting to rise again.”