Category Archives: Employment

The Zombiefication Of America aka Orwellian thought control, All news information and entertainment controlled by six monolithic corporations, Mind programming turns many into virtual zombies, 1984 lives

The Zombiefication Of America aka Orwellian thought control, All news information and entertainment controlled by six monolithic corporations, Mind programming turns many into virtual zombies, 1984 lives

“The past is whatever the records and the memories agree upon.
And since the party is in full control of all records, and in
equally full control of the minds of it’s members, it follows
that the past is whatever the party chooses to make it. Six
means eighteen, two plus two equals five, war is peace,
freedom is slavery, ignorance is strength.”…George Orwell, “1984”

“When an opponent declares, “I will not come over to your side,” I calmly say, “Your child belongs to us already… What are you? You will pass on. Your descendants, however, now stand in the new camp. In a short time they will know nothing else but this new community.”…Adolf Hitler

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”George Orwell, “1984″

 

 

For weeks I have been preparing articles on the real state of the economy, the non dumbed down, non Orwellian information about jobs, incomes and our national debt crisis and subsequent impending doom.

If I do, how many will read and comprehend it?

It continues to be frustrating, why bother.

Afterall, as I have been reporting here since early 2008, the real problem is our society, dumbed down and spoon fed what to think by our Orwellian government and media.

Orwell nailed it.

Consider this from “1984.”

“In its second minute the Hate rose to a frenzy. People were leaping up and down in their places and shouting at the tops of their voices in an effort to drown the maddening bleating voice that came from the screen. The little sandy-haired woman had turned bright pink, and her mouth was opening and shutting like that of a landed fish. Even O’Brien’s heavy face was flushed. He was sitting very straight in his chair, his powerful chest swelling and quivering as though he were standing up to the assault of a wave. The dark-haired girl behind Winston had begun crying out ‘Swine! Swine! Swine!’ and suddenly she picked up a heavy Newspeak dictionary and flung it at the screen. It struck Goldstein’s nose and bounced off; the voice continued inexorably. In a lucid moment Winston found that he was shouting with the others and kicking his heel violently against the rung of his chair. The horrible thing about the Two Minutes Hate was not that one was obliged to act a part, but, on the contrary, that it was impossible to avoid joining in.”

“What happened in the unseen labyrinth to which the pneumatic tubes led, he did not know in detail, but he did know in general terms. As soon as all the corrections which happened to be necessary in any particular number of The Times had been assembled and collated, that number would be reprinted, the original copy destroyed, and the corrected copy placed on the files in its stead. This process of continuous alteration was applied not only to newspapers, but to books, periodicals, pamphlets, posters, leaflets, films, sound-tracks, cartoons, photographs — to every kind of literature or documentation which might conceivably hold any political or ideological significance. Day by day and almost minute by minute the past was brought up to date. In this way every prediction made by the Party could be shown by documentary evidence to have been correct, nor was any item of news, or any expression of opinion, which conflicted with the needs of the moment, ever allowed to remain on record. All history was a palimpsest, scraped clean and reinscribed exactly as often as was necessary. In no case would it have been possible, once the deed was done, to prove that any falsification had taken place.”

“‘Comrades!’ cried an eager youthful voice. ‘Attention, comrades! We have glorious news for you. We have won the battle for production! Returns now completed of the output of all classes of consumption goods show that the standard of living has risen by no less than 20 per cent over the past year. All over Oceania this morning there were irrepressible spontaneous demonstrations when workers marched out of factories and offices and paraded through the streets with banners voicing their gratitude to Big Brother for the new, happy life which his wise leadership has bestowed upon us.”

From Zero Hedge December 29, 2014.

“The Zombiefication Of America”

“Do you know people that seem like they have had their souls sucked out of them? On dictionary.com, a “zombie” is defined as “the body of a dead person given the semblance of life, but mute and will-less, by a supernatural force, usually for some evil purpose”. And that sounds very much like what has happened to tens of millions of Americans. When you look into their eyes, it doesn’t look like anything is even there. That is because who they once were is now dominated and controlled by the overwhelmingly powerful “matrix” that is being constructed all around us.

As I wrote about the other day, virtually all news, information and entertainment that Americans consume is controlled by just six monolithic corporations. And today, Americans are more “plugged in” than ever before. The average person watches 153 hours of television a month in addition to spending countless hours watching movies, playing video games, listening to music, reading books and surfing the Internet. In the end, all of that “programming” turns many of us into virtual zombies, and that is the way that the elite like it.”

“If you put garbage in, you are eventually going to get garbage out.

And we can see the consequences of this all over the country.

Meanwhile, Americans are becoming increasingly disinterested in things that really matter such as faith, family and the U.S. Constitution.

Instead, many of our spoiled young people are self-obsessed narcissists that loudly complain on social media when they don’t get the electronic gadgets that they were expecting for Christmas.

It isn’t the end of the world if “Santa” doesn’t bring you the latest iPhone.

But Americans today, especially our young people, have such a warped view of reality.  It begins at a very early age, and one of the biggest culprits is our public school system.

For instance, the Blaze recently reported that children down in Texas are being taught that the pilgrims were “essentially America’s first terrorists” and that they should listen to their teachers more than they listen to their parents…

Cassidy Vines was so horrified by what a teacher in Texas allegedly told her that she is planning on home-schooling her daughter after Christmas break.

Vines told Glenn Beck on Monday that she recently began noticing a change in her daughter’s behavior. Her daughter — who is in kindergarten — started to “snap” at her when she corrected her homework, saying “I’m her mommy, not her teacher.”

 

Vines said a few days after her daughter first snapped at her, she started pronouncing a word incorrectly. Vines corrected her daughter “in the most gentle way possible,” but she said her daughter broke down crying, saying “that’s how she was taught, and I can’t tell her something different because I’m a mommy, not a teacher.”

 

Vines said she was horrified and asked, “Is somebody telling you this at school?”

 

“She said, ‘Yes, I’m only allowed to learn from my teacher,’” Vines remarked.

In this day and age, our public schools have essentially become government indoctrination centers that train our children to let “the matrix” do their thinking for them.  They are taught that they are just highly evolved animals that are here only as the result of a giant cosmic accident, and that morality and values are all relative.

As a result, many of our young people just do whatever is right in their own eyes, and at this point many of them have consciences that have been seared beyond recognition.

For example, how far gone do you have to be in order to sing a “Christmas carol” that includes the line “Deck the halls with rows of dead cops”?…”

Read more:

http://www.zerohedge.com/news/2014-12-29/zombiefication-america

 

NC labor force participation rate plummets 5 percent from May 2008 to November 2014, Unemployment rate same, Baby boomers retiring not cause of labor force drop, Lack of jobs causes younger people to remain or return to school

NC labor force participation rate plummets 5 percent from May 2008 to November 2014, Unemployment rate same, Baby boomers retiring not cause of labor force drop, Lack of jobs causes younger people to remain or return to school

“For now, the absence of young adults from the housing market continues to put a dent in the homeownership rate, which dropped to 64.8% in the first quarter, compared with 65.2% in the fourth quarter of 2013, according to U.S. Census statistics. The rate was as high as 69.2% in the fourth quarter of 2004. For those younger than 35, the rate has fallen noticeably faster. It slipped to 36.2% in the first quarter, from 36.8% in the fourth. The homeownership rate for this group was as high as 43.6% in the second quarter of 2004.”…Market Watch May 12, 2014

“The share of families with an employed member was unchanged at 80.0 percent in 2013. The likelihood of having an employed family member rose in 2013 for Asian families (to 88.8 percent) and for Hispanic families (to 85.1 percent). The likelihood for white and black families showed little or no change (80.1 percent and 75.7 percent, respectively).”…BLS report, April 25, 2014

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Despite what you may have read from the low information mainstream media, baby boomers retiring are not the cause of the drop in the labor force in NC or US.

Do the math or read prior articles at Citizen Wells.

Lack of jobs is the problem.

From May of 2008 to November of 2014, the  labor force participation rate plummeted 5 percent in NC. The unemployment rate is the same.

From NC Spin December 20, 2014.

“North Carolina’s jobless rate fell to 5.8 percent in November, the lowest since May 2008, as the state’s economy gains force in the second half of the year.

The state’s jobless rate fell from 6.3 percent in October and has dropped from 7.4 percent one year ago, even though today’s wages have not caught up to pre-recession pay levels.

North Carolina’s unemployment rate, which has lagged the national average, matched the U.S. rate in November, but the nation as a whole dropped below 6 percent two months ahead of North Carolina.

The job market data was issued Friday by the Labor & Economic Analysis Division within the N.C. Department of Commerce.

North Carolina gained 16,400 jobs in November and 110,700 in the first 11 months of the year. The last time the state gained jobs at this rate was in 2006, when 129,500 jobs were added.”

“The state’s labor force shrunk 0.2 percent in November, losing 13,534 people. Over the past year, the labor force has shrunk 0.7 percent, for a reduction of 31,665 people.

A shrinking labor force will drive down the unemployment rate because fewer people are looking for work.

N.C. State University economist Michael Walden said the labor force shrinkage is a national issue caused by a trifecta of factors. Baby boomers are retiring. Students are staying in college longer before entering the workforce.”

“Additionally, private sector earnings and household income in the state, adjusted for inflation, are down since 2008.

“People are poorer today than they were on average before the recession,” Walden said.”

Read more:

http://www.ncspin.com/nc-unemployment-rate-at-5-8-lowest-since-may-2008/

I hope that N.C. State University economist Michael Walden was misquoted about baby boomers.

 

 

American household net worth plummets 39.4 percent in Obama Democrat economy, Black households hit hardest, All households since recovery reduced ownership of homes stocks and business equity, Pew Research

American household net worth plummets 39.4 percent in Obama Democrat economy, Black households hit hardest, All households since recovery reduced ownership of homes stocks and business equity, Pew Research

“For now, the absence of young adults from the housing market continues to put a dent in the homeownership rate, which dropped to 64.8% in the first quarter, compared with 65.2% in the fourth quarter of 2013, according to U.S. Census statistics. The rate was as high as 69.2% in the fourth quarter of 2004. For those younger than 35, the rate has fallen noticeably faster. It slipped to 36.2% in the first quarter, from 36.8% in the fourth. The homeownership rate for this group was as high as 43.6% in the second quarter of 2004.”…Market Watch May 12, 2014

“The share of families with an employed member was unchanged at 80.0 percent in 2013. The likelihood of having an employed family member rose in 2013 for Asian families (to 88.8 percent) and for Hispanic families (to 85.1 percent). The likelihood for white and black families showed little or no change (80.1 percent and 75.7 percent, respectively).”…BLS report, April 25, 2014

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

From 2007 to 2008 the Democrats controlled both houses of Congress.

From 2009 to 2010 they also controlled the White House.

The Democrats in lock step with Obama were instrumental in destroying the economy and household wealth.

From Pew Research December 12, 2014.

“Wealth inequality has widened along racial, ethnic lines since end of Great Recession”

“The Great Recession, fueled by the crises in the housing and financial markets, was universally hard on the net worth of American families. But even as the economic recovery has begun to mend asset prices, not all households have benefited alike, and wealth inequality has widened along racial and ethnic lines.

The wealth of white households was 13 times the median wealth of black households in 2013, compared with eight times the wealth in 2010, according to a new Pew Research Center analysis of data from the Federal Reserve’s Survey of Consumer Finances. Likewise, the wealth of white households is now more than 10 times the wealth of Hispanic households, compared with nine times the wealth in 2010.

Wealth Gaps by RaceThe current gap between blacks and whites has reached its highest point since 1989, when whites had 17 times the wealth of black households. The current white-to-Hispanic wealth ratio has reached a level not seen since 2001. (Asians and other racial groups are not separately identified in the public-use versions of the Fed’s survey.)

Leaving aside race and ethnicity, the net worth of American families overall — the difference between the values of their assets and liabilities — held steady during the economic recovery. The typical household had a net worth of $81,400 in 2013, according to the Fed’s survey — almost the same as what it was in 2010, when the median net worth of U.S. households was $82,300 (values expressed in 2013 dollars).

The stability in household wealth follows a dramatic drop during the Great Recession. From 2007 to 2010, the median net worth of American families decreased by 39.4%, from $135,700 to $82,300. Rapidly plunging house prices and a stock market crash were the immediate contributors to this shellacking.”

“A number of factors seem responsible for the widening of the wealth gaps during the economic recovery. As the Federal Reserve notes, the median income of minority households (blacks, Hispanics and other non-whites combined) fell 9% from its 2010 to 2013 surveys, compared with a decrease of 1% for non-Hispanic white households. Thus, minority households may not have replenished their savings as much as white households or they may have had to draw down their savings even more during the recovery.”

“All American households since the recovery have started to reduce their ownership of key assets, such as homes, stocks and business equity. But the decrease in asset ownership tended to be proportionally greater among minority households. For example, the homeownership rate for non-Hispanic white households fell from 75.3% in 2010 to 73.9% in 2013, a percentage drop of 2%. Meanwhile, the homeownership rate among minority households decreased from 50.6% in 2010 to 47.4% in 2013, a slippage of 6.5%.”

Read more:

http://www.pewresearch.org/fact-tank/2014/12/12/racial-wealth-gaps-great-recession/

 

 

Orwellian US government BLS and media feed dumbed down population, Should You Believe What They Tell You? Or What You See?, Economy is strong and jobs are plentiful?, Ignorance is strength

Orwellian US government BLS and media feed dumbed down population, Should You Believe What They Tell You? Or What You See?, Economy is strong and jobs are plentiful?, Ignorance is strength

“Facts do not cease to exist because they are ignored.”…Aldous Huxley

“Not every item of news should be published: rather must
those who control news policies endeavor to make every item
of news serve a certain purpose.”… Joseph Goebbels

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

The same dumbed down low information people who believe the lies about the Ferguson incident believe the lies being told about the economy and jobs situation.

Sadly, even so called more educated folks believe and regurgitate reports on the economy and jobs provided by the BLS and mainstream media.

Once again, thanks to Zero Hedge for this article.

“Should You Believe What They Tell You? Or What You See?”

“Sometimes I wish I could just passively accept what my government monarchs and their mainstream media mouthpieces feed me on a daily basis. Why do I have to question everything I’m told? Life would be much simpler and I could concentrate on more important things like the size of Kim Kardashian’s ass, why the Honey Boo Boo show was canceled, the Victoria Secret Fashion Show, whether I’ll get a better deal on Chinese slave labor produced crap on Black Thanksgiving, Black Friday, or Cyber Monday, fantasy football league standings, the latest NFL player to knockout their woman and get reinstated, Obama’s latest racial healing plan, which Clinton or Bush will be our next figurehead president, or the latest fake rape story from Rolling Stone. The willfully ignorant masses, dumbed down by government education, lured into obesity by corporate toxic packaged sludge disguised as food products, manipulated, controlled and molded by an unseen governing class of rich men, and kept docile through never ending corporate media propaganda, are nothing but pawns to the arrogant sociopathic pricks pulling the wires in this corporate fascist empire of debt.”

“The level of data massaging by the government and their co-conspirators on Wall Street and in the corporate media is a futile attempt at a happy ending that will never come to fruition. The intensity and relentlessness with which the state and its quasi-state minions attempt to paint a false picture of economic recovery is equal parts arrogance and desperation. The arrogance is a function of successfully pulling off the greatest heist in world history from 2003 through 2008 with no adverse consequences, no criminal charges, no penalties for their crimes, and more power and wealth than they had prior to 2003. The only way to stop sociopaths is to throw them in jail or kill them. In our dystopian paradise of greed, they were rewarded with trillions in rescue packages by their cohorts in crime at the Federal Reserve and in Congress. They’ve paid themselves billions in bonuses for gorging at the Federal Reserve trough of QE and ZIRP. The desperation is borne from the fact that after $7.5 trillion of debt added by the Federal government and $3.5 trillion of debt created by the Federal Reserve since 2009, the Greater Depression for average Americans deepens by the day.

The men pulling the strings behind the scenes are drunk with power and their hubris allows them to believe their own infallibility and blinds them to the dire consequences for our country when their debt Ponzi scheme fails. But, as we grow ever closer to the day of reckoning, they will use every means at their disposal to paint a positive picture, regardless of the facts and reality for the average person. The examples of twisting, distorting and outright lying about the economic reality of our times are endless. These are some of the major false storylines peddled by our benevolent corporate fascist leaders:

The BLS reported 321,000 jobs added in November and the unemployment rate at 5.8%. Jobs are plentiful, based upon these statistics.

A skeptical critical thinking individual might ask a few questions or point out a few inconvenient facts the government purveyors of propaganda might not want us to ponder:

  • The non-manipulated, non-seasonally adjusted number of jobs in November FELL by 270,000. The BLS added 600,000 jobs as an adjustment to achieve the headline grabbing result.
  • If the jobs market is so good, why is the labor participation rate at a 30 year low of 62.8%?
  • Since 2007 the number of working age Americans has risen by 17 million, while the number of employed has risen by less than 1 million, but the unemployment rate is about the same.
  • Why would almost 14 million working age Americans leave the labor force since 2007 if the economy is booming and jobs plentiful, with 1.2 million leaving in the last 12 months?
  • Why would payroll tax receipts be flat with last year if millions of new jobs have been created?
  • If the country has really added 8 million jobs since 2010, how could real median household income FALL by 2.3%?”

 

“According to the government reported figures, the economy hasn’t been this strong since 2007. GDP has supposedly grown at greater than 4% over the last two quarters.

Anyone who is sentient knows consumer spending accounts for 68% of GDP. Capital investments that lead to long term prosperity continue to decline as a percentage of GDP from 20% in 2000 to 16% today. We’ve chosen consumption and financialization over savings and investment. This fact leads to some observations:

  • If GDP has actually grown by 20% since 2008 how does this correlate with a 6.9% decline in real median household income?
  • GDP has been goosed by a $69 billion increase in government spending, with the majority going to the military industrial complex. ISIS has been a godsend for our GDP and arms dealer profits.
  • GDP was increased retroactively by $500 billion last year based on a new way the government accounts for intangibles.
  • The surge in consumer expenditures over the last two quarters has been in the purchase of services. The higher costs for Obamacare are a boon for GDP. Are they a boon for your bank account?
  • The trade deficit has fallen as exports of petroleum products have temporarily provided a boost to GDP. The collapse in oil prices will reverse that trend rapidly.”

 

Read more:

http://www.zerohedge.com/news/2014-12-11/should-you-believe-what-they-tell-you-or-what-you-see

 

November 2014 unemployment jobs creation reality check, Low information investors, Where is the evidence of 312k jobs created, ADP reported 208k jobs, 2 plus 2 equals 4?

November 2014 unemployment jobs creation reality check, Low information investors, Where is the evidence of 312k jobs created, ADP reported 208k jobs, 2 plus 2 equals 4?

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Since we live in an Orwellian age, it is difficult to believe anything we are told. Especially by the government.

Just a few days ago ADP reported 208,000 jobs added in November.

The US Labor Department just reported 312,000 jobs added for November 2014.

Where is the evidence to back this up?

It does not compute.

Consider the following numbers also reported by the US Labor Dept. for Nov. 2014. (you’re gonna love this)

4,000 more people employed.

115,000 more people unemployed.

69,000 more people not in the labor force.

8,000 more people not in the labor force who want a job now.

6,000 more people who could only find part time work.

This is just for 1 month, November.

Don’t take my word for it. Look it up.

http://www.bls.gov/news.release/empsit.nr0.htm

 

 

Obama economy fails in election, Main street suffers while Wall St prospers for now, Jobs wages food stamps part time jobs replacing full time, You can’t fool all the people all the time

Obama economy fails in election, Main street suffers while Wall St prospers for now, Jobs wages food stamps part time jobs replacing full time, You can’t fool all the people all the time

“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 2014

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

 

Obama lies about jobs and the economy fooled only his hard core supporters.

Many of his young supporters are disenchanted.

Lincoln was right. You can’t fool all the people all the time.

The jobs situation, despite the best efforts of Obama and the mainstream media to obfuscate, is horrible.

Record numbers of people have dropped out of the labor force. Record numbers of part time jobs have been created or evolved from former full time jobs.

This is the only reason the stated unemployment rate has dropped.

We have record numbers of people on public assistance and food stamps.

Young people, instead of saving are taking from assets, living with their parents, unable to afford houses.

The financial markets are being propped up by the FED and accounting smoke and mirrors.

Once again, Zero Hedge provides insights.

“Why The Stock Market Is Detached From The Economy”

“Think about this for a moment. The stock market is comprised of thousands of companies doing business in the economy. Therefore, it only makes sense that the value of the stock market should be a reflection of the economy. As the economy ebbs and flows, so should the values of the companies that are operating within it. This idea can be demonstrated by looking at the real, inflation-adjusted, price of the S&P 500 as a percentage of real GDP.”

SP500-GDP-111114 (1)

“From 1960 through 1980 the economy was growing faster than asset prices as the U.S. was the manufacturing powerhouse of the post-WWII industrialized nations. However, beginning in 1982 the economy begin to shift from a production and manufacturing-based society to a service based economy with finance at the core. As interest rates and inflation began a 30-year decline, the demand for credit rose to offset a rising standard of living that outpaced both economic and wage growth. Between 1982 and 2000 the price of the market caught up with, and eventually surpassed, real economic growth.

Following the turn of the century, prices have continued to push higher as continued declines in inflationary pressures and interest rates were enhanced by sequential floods of liquidity from mortgage equity extractions, easy credit terms and recently direct injections from the Federal Reserve. Since 2000, the price of the market has far outpaced the growth of the underlying economy.”

“Over the last decade in particular, financial engineering has distorted the relationship between the financial markets and the underlying economy. Corporations have resorted to a host of tools to maintain asset prices in the face of weak economic growth. To wit:

“In order for profitability to surge, despite rather weak revenue growth, corporations have resorted to four primary weapons: wage reduction, productivity increases, labor suppression and stock buybacks. The problem is that each of these tools create a mirage of corporate profitability.”

Read more:

http://www.zerohedge.com/news/2014-11-11/why-stock-market-detached-economy

 

 

Obama and Federal Reserve lying about state of US Economy, Most Americans worse off, Labor force participation rate plummeted, Part time workers up 54 percent, Full time jobs million plus drop

Obama and Federal Reserve lying about state of US Economy, Most Americans worse off, Labor force participation rate plummeted, Part time workers up 54 percent, Full time jobs million plus drop

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 2014

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

We have been trying to present the truth about the jobs situation and US economy despite the best efforts of the Obama Administration and media to obfuscate.

From Zero Hedge October 21, 2014.

“19 Surprising Facts About The Messed Up State Of The US Economy”

“Barack Obama and the Federal Reserve are lying to you.  The “economic recovery” that we all keep hearing about is mostly just a mirage.  The percentage of Americans that are employed has barely budgedsince the depths of the last recession, the labor force participation rate is at a 36 year low, the overall rate of homeownership is the lowest that it has been in nearly 20 years and approximately 49 percent of all Americans are financially dependent on the government at this point.  In a recent article, I shared 12 charts that clearly demonstrate the permanent damage that has been done to our economy over the last decade.  The response to that article was very strong.  Many people were quite upset to learn that they were not being told the truth by our politicians and by the mainstream media.  Sadly, the vast majority of Americans still have absolutely no idea what is being done to our economy.  For those out there that still believe that we are doing “just fine”, here are 19 more facts about the messed up state of the U.S. economy…

#1 After accounting for inflation, median household income in the United States is 8 percent lower than it was when the last recession started in 2007.

#2 The number of part-time workers in America has increased by 54 percent since the last recession began in December 2007.  Meanwhile, the number of full-time jobs has dropped by more than a millionover that same time period.

#3 More than 7 million Americans that are currently working part-time jobs would actually like to have full-time jobs.

#4 The jobs gained during this “recovery” pay an average of 23 percent less than the jobs that were lost during the last recession.

#5 The number of unemployed workers that have completely given up looking for work is twice as highnow as it was when the last recession began in December 2007.

#6 When the last recession began, about 17 percent of all unemployed workers had been out of work for six months or longer.  Today, that number sits at just above 34 percent.

#7 Due to a lack of decent jobs, half of all college graduates are still relying on their parents financially when they are two years out of school.

#8 According to a new method of calculating poverty devised by the U.S. Census Bureau, the state of California currently has a poverty rate of 23.4 percent.

#9 According to the New York Times, the “typical American household” is now worth 36 percent less than it was worth a decade ago.

#10 In 2007, the average household in the top 5 percent had 16.5 times as much wealth as the average household overall.  But now the average household in the top 5 percent has 24 times as much wealth as the average household overall.

#11 In an absolutely stunning development, the rate of small business ownership in the United States has plunged to an all-time low.

#12 Subprime loans now make up 31 percent of all auto loans in America.  Didn’t that end up really badly when the housing industry tried the same thing?

#13 The average cost of producing a barrel of shale oil in the United States is approximately 85 dollars.  Now that the price of oil is starting to slip under that number, the “shale boom” in America could turn into a bust very rapidly.

#14 On a purchasing power basis, China now actually has a larger economy than the United States does.

#15 It is hard to believe, but there are 49 million people that are dealing with food insecurity in America today.

#16 There are six banks in the United States that pretty much everyone agrees fit into the “too big to fail” category.  Five of them have more than 40 trillion dollars of exposure to derivatives.

#17 The 113 top earning employees at the Federal Reserve headquarters in Washington D.C. make an average of $246,506 a year.  It turns out that ruining the U.S. economy is a very lucrative profession.

#18 We are told that the federal deficit is under control, but the truth is that the U.S. national debt increased by more than a trillion dollars during fiscal year 2014.

#19 An astounding 40 million dollars has been spent just on vacations for Barack Obama and his family.  Perhaps he figures that if we are going down as a nation anyway, he might as well enjoy the ride.”

Read more:

http://www.zerohedge.com/news/2014-10-21/19-surprising-facts-about-messed-state-us-economy

 

 

Obama Hagan destroy US NC economies jobs healthcare, Obamacare and private insurance cost increases, Labor force plummets, Part time jobs spike, NC decimated by Barack Obama and Kay Hagan

Obama Hagan destroy US NC economies jobs healthcare, Obamacare and private insurance cost increases, Labor force plummets, Part time jobs spike, NC decimated by Barack Obama and Kay Hagan

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 2014

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

I have been planning an article about the impact of Obamacare, the rising premium costs and destruction of full time jobs.

Senator Kay Hagan supported Obamacare and has voted with Obama nearly every time.

Before revealing the NC job impact, here is breaking news from Charlotte, NC.

From the Charlotte Observer October 20, 2014.

Charlotte’s Section 8 housing wait list triples to all-time high

A new number has emerged to help define Mecklenburg County’s affordable housing crisis: 32,128.

That’s how many low-income people filled out applications in just five days to be on the waiting list for Section 8 Housing Choice Vouchers: three times the number who applied for such rent help when the list last opened in 2007. The substantial jump caught housing officials off guard.

Equally surprising for the Charlotte Housing Authority is that 4,449 of those adults listed their housing status as homeless, a number that includes those in charity housing, extended stay hotels or living with a friend.

Read more:

http://www.charlotteobserver.com/2014/10/19/5251688/charlottes-section-8-wait-list.html#.VEU-oPnF-nY

NC jobs situation?

In August 2008 the labor force participation rate was 65.2 percent.

In August 2014 60.5.

That is a 4.7 percent plummet!!

God only knows what the real unemployment rate is.

Especially with so many full time jobs being replaced with part time as a direct result of Obamacare.

From Prison Planet October 20, 2014.

“Obamacare Premiums Expected to Rise By Double Digits”

“Even though President Obama has delayed the open enrollment period for Obamacare until after the mid-term elections, word is starting to leak out about how much those premiums will rise — and it isn’t pretty.

One report says subscribers to the the Obamacare “bronze” plan — the cheapest healthcare offering under the Affordable Care Act — could jump nearly 14 percent in price.

In its analysis, Investor’s Business Daily reports that 40-year-old non-smokers earning 225 percent of the poverty level face a 13.9 percent hike. The analysis catalogued expected prices for the largest 15 cities in the nation, including Washington, D.C..

Bronze subscribers in Seattle will see the largest spike, with their premiums jumping by 64 percent, from $60 to $98 per month. In Providence, R.I., the plan cost is expected to soar from $72 to $99 per month, from $88 to $111 in Los Angeles, $100 to $122 in Las Vegas, and $97 to $114 in New York, according to the Washington Times.”

“Still, people across the country are already receiving cancelation notices from their health care providers. A wave of such notices went out last week in Colorado, a state with a tight Senate race. More than 22,000 Coloradans received cancelation notices in the last month — and nearly 193,000 more will lose their policies at the end of 2015, the Times reported.

In all, more than half a million people in the state have lost their insurance. And the scene is being replayed in states across the country.”

Read more:

http://www.prisonplanet.com/obamacare-premiums-expected-to-rise-by-double-digits.html

From commenter RMinNC October 20, 2014.

“YOUR NOVEMBER SURPRISE….

Taken from ATS this am….this man is not a happy camper…don’t check your mail box…you may have a November surprise too!
—————————————————————————————————–

” I have always been opposed to Obamacare. While in theory, providing healthcare to everyone is a novel idea, I don’t believe it’s realistic in a capitalistic society. So I finally got around to opening my mail from yesterday and there’s a letter from my current provider Humana, outlining any changes to my plan for 2015.
My plan isn’t a Cadillac plan. It covers me, my wife and 2 boys with an 80/20 plan with unlimited doctor visits at reasonable co-pays.
I almost fell over when I saw the premium is going to be raised from $520 a month to $877 a month. That’s a 68% increase and in no way is affordable.

I hope those mother f’ckers from Humana all get fired and that lying piece of trash Obama and anyone who supported his ACA are all voted out on their asses.
So much for if you like your plan you can keep it and so much for the proposed economies of scale reducing premiums. I knew that the ACA wasn’t going to end well, I just had no idea it would be this catastrophic financially.
All I can hope for is that the right takes over the Senate in a few weeks and do something to get rid of or mitigate this awful legislature.”.”

 

 

Initial Claims October 16, 2014 lowest since April 2000?, Americans stupid enough to believe?, Huge labor force dropouts reason, Employment to population rate plummeted 5.4 percent

Initial Claims October 16, 2014 lowest since April 2000?, Americans stupid enough to believe?, Huge labor force drooputs reason, Employment to population rate plummeted 5.4 percent

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

Are Americans stupid enough to believe the reports coming from the US Labor Dept., the White House and the mainstream media.

Initial Claims for October 16, 2014 are the lowest since April 2000?

If you do you had better look closer.

The employment to population ratio has dropped 5.4 percent since April 2000.

If you lose enough workers and even more full time workers you are going to be less likely to have layoffs.

I.E. you have already pared the work force to the bone.

http://data.bls.gov/pdq/SurveyOutputServlet

Don’t take my word for this, look it up.

Oh, and by the way, there are 23,317,000 more people not in the labor force than in April 2000.

 

Obama media lies on September jobs report, Election year spin hides horrible jobs situation and economy, Janet Yellen questions job strength, Federal Reserve publishes labor market conditions index

Obama media lies on September jobs report, Election year spin hides horrible jobs situation and economy, Janet Yellen questions job strength, Federal Reserve publishes labor market conditions index

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

“Approximately 1 million more people could only find part time employment since Obama took office in January 2009.”…Citizen Wells August 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

If you are making investment decisions based on what you are reading in the mainstream media, you had better read the following.

The normal pro Obama media has outdone itself.

Why?

It is an election year and Obama is in trouble.

The recent stated unemployment rate of 5.9 percent was compared as the best since 2008.

What they did not tell you is the following reported at Citizen Wells on October 3, 2014.

“There were 315,000 more people not in the labor force in September. That is far more than the 248,000 jobs that were added.

The labor force participation rate at 62.7 percent is 3 percent higher than when Obama took office.

They are comparing the current unemployment rate to 2008. The rate was 5.8 percent in July 2008. However, the participation rate then was 66.1 percent.

That is 3.4 percent higher than today.

You do the math!

Also, there were 45,000 more people in September , not in the labor force who want a jobs now.

And don’t forget this from the Labor Dept.

“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.”

https://citizenwells.wordpress.com/2014/10/03/september-unemployment-rate-lowest-since-2008-248k-jobs-added-truth-is-more-people-dropped-out-of-labor-force-than-jobs-added-participation-rate-down-3-percent-since-jan-2009-excessive-part-time/

That is bad enough.

But it gets worse.

Straight from the US Labor Dept.

The unemployment rate for blacks is 11 percent. It was 10 percent in July 2008.

The lowest labor force participation rate during the 8 years of George Bush was 65.8 percent.

It is currently 62.7 percent with this great Obama economy.

The highest number of people unemployed over 27 weeks during the 8 years of George Bush was 2,610,000.

The highest number under Obama was 6,770,000. It is currently 2,954,000 and would be higher if so many people had not dropped out of the labor force.

When Obama took office in January 2009 there were 5,708,000 million people not in the labor force who want a job now. There are currently 6,349,000 people in that category.

There are 12 million more people not in the labor force than when Obama took office in 2009.

From the Greensboro News Record October 3, 2014.

“For example, there were 7.1 million people working part-time jobs last month even though they would prefer full-time work. That figure is up from just 4.6 million before the recession.

And there are 3 million people who have been out of work for more than six months. That figure has declined steadily in the past three years but is still more than double its precession total.”

Read more:

http://www.news-record.com/news/u-s-jobless-rate-falls-to–year-low-of/article_d51fda54-4b05-11e4-b8be-001a4bcf6878.html?TNNoMobile

Janet Yellen has been raising concerns about the validity of the jobs data for months.

From Market Watch October 1, 2014.

“Starting next week, a new indicator may roil the markets

The Federal Reserve will publish a new monthly gauge of the health of the labor market, called the labor market conditions index, beginning next Monday, the central bank announced Wednesday.

The report is an attempt to dig deeper into labor market trends beyond the standard monthly unemployment rate measure.

Fed Chairwoman Janet Yellen and her allies have argued that the improvement in the unemployment rate over the past year has overstated the strength of the labor market. How much slack remains in the economy is a key factor in how patient the central bank can be before lifting off short-term interest rates from zero.”

Read More:

http://blogs.marketwatch.com/capitolreport/2014/10/01/starting-next-week-a-new-indicator-may-roil-the-markets/

From “1984” by George Orwell.

“But actually, he thought as he re-adjusted the Ministry of Plenty’s figures, it was not even forgery. It was merely the substitution of one piece of nonsense for another. Most of the material that you were dealing with had no connexion with anything in the real world, not even the kind of connexion that is contained in a direct lie. Statistics were just as much a fantasy in their original version as in their rectified version. A great deal of the time you were expected to make them up out of your head. For example, the Ministry of Plenty’s forecast had estimated the output of boots for the quarter at one-hundred-and-forty-five million pairs. The actual output was given as sixty-two millions. Winston, however, in rewriting the forecast, marked the figure down to fifty-seven millions, so as to allow for the usual claim that the quota had been overfulfilled. In any case, sixty-two millions was no nearer the truth than fifty-seven millions, or than one-hundred-and-forty-five millions. Very likely no boots had been produced at all. Likelier still, nobody knew how many had been produced, much less cared. All one knew was that every quarter astronomical numbers of boots were produced on paper, while perhaps half the population of Oceania went barefoot. And so it was with every class of recorded fact, great or small. Everything faded away into a shadow-world in which, finally, even the date of the year had become uncertain.”