Obama job legacy: Grade F, White american employment down over 725k, down 107k last month, Hispanic up 5 million almost 25 percent, 94% of all new jobs under Obama were part time
“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015
“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.”…US Labor Dept. September 2014
“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.”…Jim Clifton, CEO of Gallup
Obama just completed his last full month in office.
His much touted jobs added as portrayed by the fake news mainstream media?
Obama gets a grade of F for his jobs performance.
Unless of course you are an illegal alien.
From December of 2007 to December of 2016 the following occurred:
More than 725,000 fewer employed.
In the last month alone 107,000 fewer employed.
Almost 11 million more not in the labor force.
Almost 5 million more employed.
That’s almost a 25 percent increase.
From Zero Hedge December 25, 2016.
“Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time
Just over six years ago, in December of 2010, we wrote “Charting America’s Transformation To A Part-Time Worker Society“, in which we predicted – and showed – that in light of the underlying changes resulting from the second great depression, whose full impacts remain masked by trillions in monetary stimulus and soon, perhaps fiscal, America is shifting from a traditional work force, one where the majority of new employment is retained on a full-time basis, to a “gig” economy, where workers are severely disenfranchised, and enjoy far less employment leverage, job stability and perks than their pre-crash peers. It also explains why despite the 4.5% unemployment rate, which the Fed has erroneously assumed is indicative of job market at “capacity”, wage growth not only refuses to materialize, but as we showed yesterday, the growth in real disposable personal income was the lowest since 2014.
When we first penned our article, it was dubbed “fringe” tinfoil hattery, or in the latest vernacular, “fake news.”
Fast forward 6 years, when a report by Harvard and Princeton economists Lawrence Katz and Alan Krueger, confirms exactly what we warned. In their study, the duo show that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” soared during the Obama era, from 10.7% in 2005 to 15.8% in 2015. Alternative, or “gig” work is defined as “temporary help agency workers, on-call workers, contract company workers, independent contractors or freelancers”, and is generally unsteady, without a fixed paycheck and with virtually no benefits.”
“Krueger, who until 2013 was also the top White House economist serving as chairman of the Council of Economic Advisers under Obama, was “surprised” by the finding.
Quoted by quartz, he said “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment.”
“Multiple Jobholders Hit New All Time High As Part-Time Jobs Soar”
And, there are more not counted as unemployed than reported. If not drawing unemployment, they don’t get counted.
…………..the IRRATIONAL LOONEY LEFT is trying to make everybody believe that we are in reality SEEING IRRATIONAL EXUBERANCE from professional market investors. har har OHHHHHHHHH YEAAAAAAAAH, and UP IS DOWN TOO………ALSO IRRATIONAL!
………….is STANDARD VERBIANCE for LIBERAL LUNATICS.
I HATE TO SAY IT……….
………….but it is going to be a long time before our economy ,and jobs picture improves. It is NOT GOING TO HAPPEN overnight, or even in a couple of weeks. It will range from months to years…….possibly even decades………….and when a lot of things are once again produced in America you will have to pay more for the product, but you won’t necessarily get higher quality. One POINT……….Last year I was talking with the owner of a auto repair shop which is close by. He shocked me by saying that he was now buying Chinese made BRAKE ROTORS exclusively because they were better quality than those produced in America. He added that he can use a preset impact wrench to tighten lugs without distorting the Chinese made rotors (cast iron), but everytime he tried to use an impact wrench to tighten lugs on the American made rotors they ended up having to be replaced for free because they were distorted by the use of an impact wrench. Again, the same exact procedure did not distort the Chinese made rotors. Perhaps the reason for the distortion is in truth because the Chinese producers are heat drawing residual casting stresses before the machining is done. This USED TO BE STANDARD procedure in America as well but is no longer done because it raises the cost of production. The next time you apply your brakes to slow your vehicle as you approach a stoplight take special notice if there is a wobbling of the front end of your vehicle which you can feel through the brake pedal. That condition is usually produced by a distorted brake rotor. Extremely dangerous on ice!
…………..there are ABSOLUTELY no laws on the books that require an appointee to a POTUS cabinet to DIVEST THEMSELVES OF THEIR LIFE HOLDINGS to be confirmed. This is a FANTASY OF FOAMING AT THE MOUTH LIBERAL DOGOODERS.
…………it is OK for LIBERAL PERPETRATORS to have ongoing CONFLICTS OF INTEREST,illegal private servers, blackberries, and income from foreign individuals in exchange for political favors. There is a couple of politicians who may be prosecuted VERY SOON for the described criminal behavior while holding public office. We all know who they are.
BTW………….plain old blatant LIES, and super rafts of horse manure are standard liberal fare, which they compound upon their SICK,PERVERTED, TWISTED, and more often than not criminal adventures.
bye bye all………….God Bless!
“Clemson Tigers” – National Championship 2016 !!!! Clemson Wins 35 -31 in last second nail-biter !!!! https://www.youtube.com/watch?v=zve5A3b5VHc
off topic but very important……….
………..as I watch the confirmation hearing of Jeff Sessions, I watched, and listened to what Ted Cruz had to say…….every word of which was squarely on the money. I MUST take my hat off to his entire vocalization. He done an excellent presentation.
………Senator Mazie Hirono (D) Hawaii keeps asking HYPOTHETICAL QUESTIONS to Sessions. She obviously isn’t aware that criminal courts do NOT ADJUDICATE HYPOTHESIS, they adjudicate FACTS. Another LIBERAL without intelligence!
………….I would venture to guess that Mzzzzzzzzzzzzzzzzzzzzz. Hirono (obviously of Japanese extraction) is a classic example of one of the problems which are causing a serious deterioration to the values which should be upheld by the law of our land.
Ding Dong The Wicked Witch Is Dead!
U.S. Small-Business Optimism Index Surges by Most Since 1980
Pravda: ‘Scientists Now Warn Of A New Ice Age’ As Temperature Plummets to – 80°F In Russia
…………and a number of SNOTNOSED protesters were ejected from the confirmation hearing. Why the hell were they allowed in the building to begin with?
It looks as though Sen. Sessions WILL BE CONFIRMED. Hopefully among the first things he will initiate will be an appointment of a special prosecutor regarding regarding Mzzzzzzzzzzzzzzzzzz. Piggy and Kermit!
Napolitano spoke with Lou Dobbs about the email dump, which included evidence that Clinton sent confidential and secret messages on a regular basis to a non-government entity, along with evidence that accounts associated with her were hacked by foreign intelligence agencies.
AND Mzzzzzzzzzzzzzzzzzzzzzzzz.Meryl Screech is getting even more heat by some of her own. har har Good for what ails her.
Unfortunately, the democrat senators are responsible for the outrageous protestors who had to be removed after each outburst. They give the tickets to these groups to be admitted to the hearings but are obviously not surprised when the crazies start acting crazy. I think the republicans should take away all of the democrat tickets!