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Thursday, March 21, 2019

The number of Americans applying for unemployment rose slightly this week, but the four-week average — a more accurate indicator of the job market — is now at 335,000 a week. The four-week average has not been this low since November of 2007, before the worst of the financial crisis began.

fredgraph4weekaverage

Unemployment claims increased by 5,000 last week to a seasonally adjusted 333,000. That’s far below 400,000, the number that generally suggests the economy is shedding jobs.

Though the 162,000 jobs the Labor Department estimated were created in July were the lowest in several months, the economy has added jobs at its fastest pace since 1999, as the president continually points out in his speeches touting “A Better Bargain.” An average of 1.5 million jobs lost per month is lower than the 1.77 million per month lost in 2006, before the economy was in recession.

Layoffs are down 10 percent since the beginning of the year despite the tax increases that kicked in on January 1st and the sequestration that began on March 1st. The mandatory cuts in the sequestration are expected to lead to a loss of 1.6 million jobs by the end of 2014.

The economy’s slow but steady recovery will face its most serious challenge late this year. Republicans are not only threatening a government shutdown if the president does not meet their demands, which include defunding Obamacare, but also seem to be edging toward a repeat of the debt limit crisis of 2011, which led to a sharp decline in consumer confidence that shook the stock markets, likely resulting in slower job growth.

Even if Republicans decide not to play chicken with the economy, the fact that corporate profits have never been higher and wages as a share of gross domestic product have never been lower suggests there are major problems with government policy that need to be addressed.

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92 responses to “Unemployment Claims Average Down To A 6-Year Low”

  1. ObozoMustGo says:

    It’s easy to have unemployment claims falling when there are fewer and fewer jobs to be had in the entire economy. Since Obozo has been in office, there are 9 MILLION FEWER jobs in America. Of those new ones that are being created, 75% of them are part time.

    Too bad useful idiots, Obozonomics is a complete mirage.

    Have a nice day!

    “The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.” – Milton Friedman, Capitalism and Freedom

    • metrognome3830 says:

      Listening to Hannity again, eh, OMG? You are aware, aren’t you, that he is either a lying SOB . . .or more likely . . . one of those idiots you keep talking about. Albeit, not a useful one. I’m not going to go into explaining to you how Hannity got his figures. A man of your intelligence should be able to check that out for himself.
      Have a nice day!
      P.S. are you aware that we no longer have a free market economy. I guess the memo hasn’t gotten to you yet.

      • kanawah says:

        @ metrognome,

        Bulls eye!
        If anyone at Faux News (NOT) ever told the truth, their jaw would fall of into the floor.

      • ObozoMustGo says:

        Hey Metro! Where have you been, my old friend? Taking a break I suppose. I hope you and Mrs. Metro are doing well. How are her new components working for her? Is she still taking advantage of that bell she rings so often to have you fetch her things? I’ll bet she is.

        Re: Hannity, he’s on when I am at work. Besides, he doesn’t make up the numbers, BLS does. Truth is that most of the new jobs, 75% of them, are part time jobs. Any business close to the magic number of punishment is 50 employees. If there is any way to avoid Obozocare, they will do it. And this means part time workers less than 30 hours per week. Obozocare is a HUGE disincentive to work and employment, and you are watching it as it is played out in the economy. I don’t expect you to believe what your own eyes see as it may be difficult to face the truth. But truth it is.

        Have a nice day, Metro! Send my regards to Mrs. Metro, please.

        “Inflation is taxation without legislation.” – Milton Friedman

        • RobertCHastings says:

          Once again, quoting Milton Friedman, the closet Keynesian.

        • metrognome3830 says:

          You’re right, the BLS does do the numbers. Hannity took his numbers (8.3 million more people out of work) from a conservative web site … CNSN… or something like it. The BLS is who explained how they and Hannity got their figures. They just took the figures and looked at only people not working which included retirees among others. BLS does not distinguish different classes of non-working people, so the figure is essentially worthless. As is Hannity. I don’t know about the 75% figure for part time jobs. Might be a little on the high side. Anyway, OMG, you and I both know — even if you don’t wish to admit it — that there are many more reasons for the poor employment figures and involves many more people and programs than just Obamacare. To cover them all would take a large book.
          Mrs. Metro is progressing nicely. Two weeks ahead of schedule on her recovery. I have been busy as chief cook and bottle washer, laundryman, chauffeur, etc.
          Have a nice day, OMG!

          • ObozoMustGo says:

            Tell Mrs. Metro to slow down. She’s gong to lose her slave if she keeps that up.

            Re: unemployment… the point is, Metro, that most of the job growth that we have seen has been part time. And you cannot say that the government’s redefinition of how many hours constitutes a full time work week has no effect. That is bald-faced lie, and you know it. It is a HUGE influence. The biggest one. I know people that work in restaurants that are grabbed and told to get out when they approach 29 hours of work… even in the middle of serving or cooking. Same goes with people who labor or work in retail.

            And you are wrong about the numbers of 8.3 million more out of work. The number is actually about 9 million, and it is the number that represents the drop in total jobs in the economy since Obozo took office. The real effect, from a macro perspective, is that the labor participation rate has dropped below 60% of working age adults for the first time since FDR’s Great Depression. That’s just downright horrible. And it is the drop in the total jobs available which is the only real reason that unemployment seems to be coming down.

            Have a nice day, Metro!

            “I could end the deficit in five minutes. You just pass a law that says that anytime there’s a deficit of more than 3% of GDP, all
            sitting members of Congress are ineligible for re-election. Yeah. Yeah. Yeah, now you’ve got the incentives in the right place, right?” — Warren Buffett

          • metrognome3830 says:

            No, I didn’t have the wrong number. Hannity . . . as usual . . . had the wrong number. That number is his, not mine. Actually, it was PolitiFact that corrected it to 9 million. And the number does not represent the drop in total jobs in the economy since Obama took office. It represents the total number of people not in the work force. In that number, they included retirees and people who were not in the job market because they have chosen not to be, for whatever reason. When the BLS compiled these figures they made no attempt to categorize. It does not take any sort of genius to figure out that with an aging population, more people are not in the work force because they are retired. Others are not working because they are physically unable to. No distinction was made it is simply a number. While it may not be good news for the economy, it is certainly a situation that should come as no surprise to anyone. Nor is there any way you can reasonably blame it on the present administration. This situation has been coming on for 30 years. Through Republican administrations and Democratic legislations. KDJ54 gave you a history lesson. I don’t know KDJs age, but I was born in the 30s, when the country was still struggling from the Great Depression and through WWII. I was there. You read about it. You can’t compare being there with having read a book about it . . . especially if the author tended to tilt things to his way of thinking. It was not everyone’s view. If you are worried about those college graduates looking for jobs, send them on to Arizona. 208,000 construction jobs were lost in the housing crash. Now, with the restart in construction, contractors can’t find enough skilled construction workers. They don’t even have to join a union here. It’s a Right-To-Work-For-Less state. It would be a great maturing experience for him or her, framing up house, slapping on stucco, tiling roofs, etc. in 115 degree heat. They can probably work 12-hour shifts if they want to make more money. Oh, but wait, no overtime pay, of course. You see there is also the return of another money-saving scam being used. One works their crews 12 hours a day, then send them home after they reach 40 hours. Just look at all the freedom today’s laborers have now that they are nearly free from the evil unions. Oh, yeah, it makes me wish I was young again instead of a useless, non-working retired person.
            Well, I have gone on long enough. I need to get back to work on my retirement. Have a great day, OMG. Mrs. Metro is calling. She got a little too active yesterday and now she’s hurting.

          • ObozoMustGo says:

            I have not seen KDJ reply… I got 35 replies to this and other posts last night and still have 25 to look through. Many are not worth a response, though.

            Here is a chart in the pic below from the BLS site on Labor Participation rate. It only goes to Jan. of this year. The numbers are getting worse. And the number cited above by Hannity or PolitiFact or whomever IS relevant because it reflects the fullest measure of unemployment, U6, which does NOT consider retired people, across the entire labor force as it was measured when Obozo took office and today. Only people willing and able to work, or working part time desiring full time work are counted. It so happens that the drop in total number of jobs available and the total amount of people that make up U6 are fairly well corellated. And you guys keep blaming an aging population while forgetting the youger workers coming into the workforce. It’s as if it is impossible for you to blame Obozo for the very consequences of his own policies. This is his ship he’s been driving for nearly 5 years and where it’s going is directly related to his policies. The buck stops with him, but don’t tell him that. He’s the Blamer-In-Chief.

            EDIT -> The chart did not come out with numbers. Here is the link: http://data.bls.gov/timeseries/LNS11300000

            As to the Right-to-work states, what’s wrong with that? It does not outlaw unions, it just says that if I don’t want to be foreced to pay compulsory union dues, I don’t have to. If the unions are so great, and the workers have every right to organize, then why don’t they? Hmmmmmmmmmm…..

            Any workers I know that work 4 tens instead of 5 eights love the 3 day weekends. Much better deal. Too bad your attempt to make a sob story out of what many consider good didn’t work. Just wait until that construction company drops the workers’ hours to 29 per week. It’s coming. You will see. Obozo knew that would be a disaster for his attempts to win the House back next year, and once again broke another law, this one signed by him, by acting like a dictator and decreeing by fiat that the employer mandate required by law will wait until after the 2014 election. Presidents don’t just get to decide which laws they will enforce and which they will not, and when. That’s the absolute definition of a despot.. a tyrant. That’s what he is.

            Tell Mrs. Metro to lay down and start ringing that bell when she wants something. You will take care of everthing. Tell her you have a new name…. Metroslave… hehehehehehehe

            Have a great weekend, Metro!

            “When you subsidize poverty and failure, you get more of both.” – James Dale Davidson

          • metrognome3830 says:

            I may find it difficult to blame Obama for our predicament but you find it equally hard to blame anyone else for contributing to the predicament we are all in. I’m not telling you any sob story. I am not sobbing. I’m saying quit trying to shove all the blame onto other people. Actually, I think us old geezers did just fine. We worked through the tough times and made it better. Now you want us to solve your problems too? You are very smug about unions right now, aren’t you. Well, give the union naysayers a few more years of the working conditions we have now and if the young people of today are half as smart as they think they are now, there will be a resurgence. If not, well you may be around to see the total elimination of the middle class. I’ll be long gone. Some days I think the sooner the better. What the hell do you think brought about the union movement in the first place? You act like it is something to be proud of that working people in right-to-work states have been riding on the coattails of the workers who went ahead of them. If you actually believe that employers have now been so chastised that they would never resort to bringing back the working conditions of the early years, you, my friend, are the one living in a dream world. Why do you think they are gloating over the fact that unions only represent a little over half the workforce that they represented in the 60s? They are practically orgasmic just dreaming about the future when they no longer have to worry about any work regulations at all. Once the unions are gone, the work rules they fought for and obtained will go right out the door with them. And that will affect all workers, not just the grimy little laborers that some like to sneer at now. Do you think I haven’t been listening for years to the “I don’t need no union to protect my job” boasting? Then when they lost their jobs it was the union’s fault. No matter how brainless and incompetent they might have been. Everything can pretty much be reduced down to two causes, OMG, and it includes all of us. Greed and selfishness. You think us retirees are greedy and selfish because we didn’t work until we dropped dead — like the good old days! And we think the young folks are greedy and selfish because they don’t want us to retire and draw our “entitlements.” You can rant and rave and blame Obama all you want. You will be rid of him in 2016. Where the hell is the Republican/Tea Party savior that will save us all? He doesn’t seem to be looming on the horizon yet. Where was the Republican president that saved us all in the past? Nothing is going to get better until we all wake up and start working together rather than against one another. The president can’t do anything about that. I do hope that you won’t try to tell me that today’s Republican administration has done anything at all to improve our lot.
            I do hope Mrs. Metro doesn’t see that new tag you hung on me. I would never hear the end of that.
            Have an enjoyable weekend with the OMG clan!

    • A_Real_Einstein says:

      Except you forgot all about demographics. 10,000 people a day are turning 65 and becoming eligible medicare. They are either fully retiring or going partime. 80,000,000 more baby boomers to retire over the next 18 years. Participation rates are supposed to go down significantly which expalins why the SS trust fund will be insolvent soon. In the meantime their is huge demand for part time jobs and that will continue. You and I both kniow that anyone who wants to work full time can. The problem is that at $7.50 an hour they have more incentive to collect welfare. Raise the minmum wage and we remove about 20,000,000 off of food stamps.
      Have a nice day, Loser

      • Michael Kollmorgen says:

        Technically, right now there is NO food stamp program. Congress didn’t approve it during the last session in order to pass another bill.

        Even then, NO ONE was getting rich off it – big deal = $30 a month.

        The only public help program that is making money for its users is Aid To Dependent Children. As long as she keeps getting preg and her children are under 18, she will be well-funded.

        • dancerboots says:

          That law no longer exists. It was replaced by the TANF program (Temporary Relief for Needy Families or what some refer to as welfare). Under this program (in Kentucky) no adult is entitled to it unless their is a dependent child in the household. An adult with no dependent children can receive only three months of SNAP assistance in a three year period. Even those welfare queens can only receive assistance if they are either looking for work, found work or in training for work and only then if there are pre-school children in the home. The longest anyone can receive assistance is five years. There are exceptions..as when it is PROVEN there is difficulty finding or paying for childcare, especially in rural areas. Childcare is very expensive and can be as high as $100 a month or higher per child. Spoken like a man that has no clue, that women will just get pregnant to avoid working. I have had four children. It is the hardest work I have ever done…not to mention the pregnancies and birth are no “walk in the park”. Nor can TANF assistance come close to providing all the financial needs of a family. Are there some women that may do this..I suppose….just as many men are dead beat Dads.

          • Michael Kollmorgen says:

            Welp, I know more than a few women who are on welfare and aid for dependent children. Yep, they keep spreading those legs, pop em out like mass production. Where’s the man that seeded her? She don’t know.

            I know a family up in Cleveland. The husband can’t write his own name yet graduated out of HS. Never met the wife.

            But, last I heard, they’re on welfare and keep making more kids. Last year they had 12 and counting.

      • ObozoMustGo says:

        You’re so self-impressed, aren’t you. Calling yourself Einstein. Usually, those that must profess their “intelligence” to others are only pretending to be something they wish, but are not.

        The fact is that the labor participation rate is the lowest it’s been since the spawn of the devil himself FDR completely screwed America and our economy. What your numbers about retiring people does NOT address are the millions of HS and college grads that are ENTERING the work force but who have no jobs to go to, other than part time jobs that are being created largely by the disincentives created by Obozocare. The total number of jobs available is 9 MILLION fewer than when Obozo took office. You see, the total number of jobs available is the denominator in the basic unemployment calculation. If the denominator is smaller, the unemployment rate is lower. The only way the unemployment rate could possibly fall is if the denominator was smaller in the scenario of a shrinking labor market and persistant long term high unemployment. For example, if there are 20 total jobs available (defined as total people in the labor force generally speaking) and 2 people are unemployed, that means there are 18 out of 20 people employed, giving us a 10% unemployment rate. But, if the total number of jobs available drops to 18, then there are 18 people working in 18 total jobs and unemployment is zero. The situation only APPEARS to have gotten better when in reality there are still 2 people without jobs and income. Do you understand this? Do you also understand that people that have used up all of their unemployment benefits are not even calculated. They do not exist statistically in the highly publicized numbers that make government look “good” (that’s U3), but of course they do in reality, and the true measure of unemployment, referred to as U6, is very different. Since Obozo took office, the spread between U3 and U6 has gone from 4.5% to 7%. This means that you hear U3 on the news, then add 7% and that’s the real unemployment. So in reality, we are somewhere between 14% and 15% unemployment/underemployment. And that number comports with a loss of 9 MILLION total jobs in available and the lowest labor participation rates in nearly 80 years.

        The fact is that Obozo and his big government spending Obozonomics is NOT working, despite the cheerleaders in the media that want you to think so. He is a disaster for America’s economy just like Bush was a disaster, except Obozo is Bush on steroids. That’s just the facts.

        Wipe that drool from your chin now, boy.

        Have a nice day!

        “When the United States was formed in 1776, it took 19 people on the farm to produce enough food for 20 people. So most of the people had to spend their time and efforts on growing food. Today, it’s down to 1% or 2% to produce that food. Now just consider the vast amount of supposed unemployment that was produced by that. But there wasn’t really any unemployment produced. What happened was that people who had formerly been tied up working in agriculture were freed by technological developments and improvements to do something else. That enabled us to have a better standard of living and a more extensive range of products.” – Milton Friedman

        • highpckts says:

          If our names tags denote intelligence then yours should just be plain Obozo!!

          • edwardw69 says:

            Obozo the Clown. Born with a fat trust fund from his granddaddy. Been living on his yacht. Or one of his penthouses. Never worked a day in his life. A selfish, egotistical ditch.

          • one_veteran says:

            If our name tags denoted intelligence his would be BLANK!

        • DurdyDawg says:

          So, what your saying is Hoover, who in a 1938 speech stated “I do not believe a widespread war is at all probable in the near future.” would have kept us from defending ourselves from Japanese turmoil because, as he continued, “There is a general realization everywhere … that civilization as we know it cannot survive another great war.”
          Imagine had he defeated this great, what did you refer to him as, ” spawn of the devil himself ” was wrong in getting us into a war and subsequently out of a depression/recession by kick starting the industrial market, providing work for millions of Americans and changing world opinion that we were just another third world country.. Obviously your calling all those early Americans idiots and blind zombies for recognizing the efforts of this president to the point of re-electing him THREE times and even in the early months of a fourth term that he did not want to accept, was inundated with millions upon millions of voters who swore they would re-elect him even if they had to write him in.. as well as calling all modern citizens just as idiotic because they recognized this leader, this wealthy leader who put his special interests aside for the betterment of his view of the nation.. Amazing how you, of all the millions who totally disagree, is the only clown who can see through the charade along with your other sore loser minions who still weep because America didn’t elect a capitalistic viper who’s first order of the day would have been to re-start the cold war, the pubs most popular propaganda tool that worked well for them in the 1950s so could have worked again for their profit margins in the new century.. Keep up the work you love to distort clown boy.

          • edwardw69 says:

            Thank you, Dawg. Nice picture of the idiot. And why does anyone even answer him?

          • Dominick Vila says:

            Well said.

          • RobertCHastings says:

            You just went way over OMG’s head, man. Try to bring it down to level he can understand. After all, we all know who Bozo is.

          • disqus_LcxpBv2uzz says:

            Wow, Dawg, you absolutely nailed it with this picture!! This is exactly how I visualize Bozo! And Bill Shakespeare nailed all of this clown’s posts:
            “tis a tale told by an idiot, full of sound and fury, signifying nothing.”

          • charleo1 says:

            You, “Durdy Dawg,” you! I agree! You nailed it. (Nice pic.)

          • DurdyDawg says:

            Thanks everybody.. I’m sure the blowzo also saw the resemblance as well LOL!!

        • A_Real_Einstein says:

          Albert was my cousin.
          Regarding all of your mumbo jumbo, the bottom line is that I do not know anybody who cant find full time employment today. Do you?
          In fact we just filled a clerical position in my office that pays 35k per year with benefits for a Fortune 500 company. It took us 3 weeks to even get one applicant. It took us 3 months to fill the position from 4 applicants. We advertised in print, internet, email and word of mouth and are in a major population center. This so called massive unemployment problem is BS.If someone wants to work full time they can, they just may be in a different field. New Housing construction in Phoenix AZ is being delayed due to lack of construction laborers. That was the headline in the AZ Republic (big time right wing rag) earlier this week.

        • RobertCHastings says:

          Well, we all know who Bozo is, don’t we?

      • kanawah says:

        Yes, raising the minimum wage to $15 an hour would help greatly, but the republiCONs and the Transylvania tea bags are totally opposed to that. They do not want to help anyone other than their old rich white men who give them massive amounts of illicit cash.

        • infadelicious says:

          if you raise minimum wage to $15 per hour for a person who sells donuts…..how much are the donuts gonna cost?? money just doesn’t come out of a fairy’s behind…….unless you are obama….come on!…….that wage has to be passed on to the consumer……..why not $20 an hour, or $100? duh!

          • edwardw69 says:

            What do you care how much a donut will cost? You obviously can afford to pay $50 for a donut.
            Oh, and money does obviously come out of a fairy’s behind: $85 billion a month to the banks from the Fed. How about this: give every man, woman, and child in the US one million dollars ($330 million) and they will spend it; pay off mortgages; car loans; business loans; student loans; parking tickets; buy stuff, etc.
            Oh, but no, verdad? That won’t work, right? Socialism won’t work, now will it?

          • Dominick Vila says:

            The people who refuse to invest in the USA and who think paying the working class livable wages are the same ones who had no problem spending $1T rebuilding Iraq, and who have no problem allowing the elite to use loopholes, deposit their money in the Cayman Islands, and enjoy subsidies they don’t need. The problem for them is not the fact that money is being redistributed, but who the recipient of that money is.

          • infadelicious says:

            Nope! I say if we bombed ya you are on your own. No rebuilding. We have building to do here. USA is one of the most generous countries on earth. But need to stop sending. $$ to those who hate us. Some people will never like us no matter what you do for them and how much money you send them or how well you arm them. And invest to lefties means spend money we don’t have. Living wages ????with lots of benefits that employers have no way to pay is the reason companies close. The products are too $$. People are shopping at Walmart to buy cheap $hit made in china. Turn over 5 items in your house. I bet 4 if not 5 a re made in china. You know where obozo s job czar sent all the GE jobs. Pfffffft!!!

          • Dominick Vila says:

            That was precisely my point. Why did we spend $1T rebuilding what we blew up in Iraq instead of spending it at home where our infrastructure is either crumbling or substandard when compared to that in other industrialized nations?
            Investment to “lefties” means building better forms of transportation, a more efficient power grid, better levees to minimize the damage caused by floods, building better airports and ports, and other infrastructure improvements to ensure we remain the dominant superpower in the world and, at the same time, create jobs and stimulate our economy.
            American companies are posting record profits and paying above average dividends to investors. The stock market reflects that. Why shouldn’t we aspire to earn better wages and enjoy a better standard of living? Should we assume that the “righties” are interested in transforming the USA into a Third World country? I don’t believe a $15 an hour minimum wage is realistic, but I believe the current standard should be raised by one or two dollars.
            When I retired and decided to buy a bike I looked at the ones for sale at WalMart. They were junk. I bought a bike Made in the USA 10 years ago and even though I ride it almost every day, it is in perfect condition. I spent almost double what I would have paid at WalMart, but it was worth it.

          • charleo1 says:

            How about we stop bombing people for oil, or whatever we
            bombed Iraq for, altogether? And hold leaders that pull that kind of shit, like Bush 43, Cheney, Wolfowitz, Rice, and Armitage accountable, and put them in jail for war crimes? And, absolutely a living wage! You want to pay people like crap,
            and ship jobs to $60.00 per month Communist labor, to triple
            your profits? There’s a price to pay for that. Who gets the bill
            is the question? Economically, the version of Right Wing
            big money shills, don’t work in a consumer driven economy.
            Low wages drive up unemployment, and unemployment
            drives down wages. Exactly what is happening. You want to
            cut food stamps? Pay people enough for their labor to buy
            their own food. Real complicated isn’t it?

          • infadelicious says:

            OK!…let’s hold leaders? accountable……..but dont stop with the republicans…..let’s get holder and hillary and company too………. lord knows obozo will probably never be held accountable for his misdeeds as there is an overabundance of useful tingle up the leg idiots to cover for him…………low wage jobs are not meant as a career and sadly some people do get stuck in them as they are scraping by to feed their families.. I had enough minimum wage jobs while paying for school that I knew I did not want to be stuck in one for life…and some of those jobs are damned hard………for little pay… made me uncomfortable enough to work harder, volunteer at places to gain experience and make contacts and get ahead. you have to work your way up and out of those dead end jobs……..they will always be minimum wage jobs: why should they be paid the same as someone who educated themselves? yes a couple of $ more per hour is ok. but $15. is ridiculous….. prices would rise…….employers would find a way to cut costs..either by cutting hours (as they will for obvious reasons with obamacare) and/or put the prices up………then those getting more per hour will pay more.,,,,,,,a vicious cycle, in Canada over a 3 yr period minimum wage up by $2.25 per hour over a 3 yr period…..costs of products in those companies rose each year to match………..how does that get them ahead? and please don’t pull a russell bird and generalize by saying i mean you never raise wages or that i am saying cut all food stamps and welfare . i believe welfare is necessary to help some people..and the sick, the elderly and those truly unable to work could be given more…as for pay people enough for their labour to buy their own food? can’t pay em for their labour if they are not labouring……and that, is not complicated…….. there are not enough people to fill these minimum wage jobs in Canada as they find it easier to sit back and collect the same amount or more for not working…….. .sadly for them and for the rest……..they feel no shame in this… many restaurants hire people with mental disabiities to clear tables and greet customers…and these “handicapped” people take pride in the fact they are making their own money and contributing..as a few of the able bodies receivers of welfare who refuse to work pass away the day hanging out at those restaurants…..I use Canada because I have lived and worked there……they have socialized medicine too which is bankrupting them… which is a whole other sad story……..have a great day

          • charleo1 says:

            Well, you have a great day as well. But it doesn’t wash. Your
            argument, that employers are going to cut hours, if demand
            increases. At the heart of the Right Wing argument, is dishonesty. The dishonesty that people must be made to work. The dishonesty that a safety net discourages people from seeking employment. That lower wages are not the problem. It must be the work ethic, ruined by the promise of food. It’s cynical, it’s never been the case, and it’s nothing more than a lame excuse for not paying people enough to cover food, housing healthcare, and minimal transportation, and, putting the profits in management’s pocket. I think it’s just rotten to say, well people need healthcare, but we can’t afford it. Do you have healthcare? 80% of Americans do. Do you realize the majority of Americans without access to a regular doctor work a full time job? You say, we can’t afford it. I say, what kind of society do you want? We have your, “lazy,” working. Yet, they are dying needlessly from non treatment. What do think we should do about that? See, I don’t accept that, we’re going broke bull crap. It’s too much like WalMart claiming they just can’t afford to pay but, no benefit, minimum wage. Then, send their part timers down to the welfare office to subsidize their own employee’s pay! It’s more bullshit. We spend 1 trillion or close to it, on the military each year. (That’s not counting the cost of the wars.)
            Protecting over half of Europe, with trip wires all over Asia,
            and the South Pacific. But we can’t get the working poor a regular doctor? It’s immoral from my standpoint. Many of these people with families, can’t afford to work greeter jobs. They need real jobs. And they need help now. Go! Do your
            thing. Don’t worry about nothing, ‘cept maybe somebody’s
            gaming the system, getting something they don’t deserve.
            The heavy lifting will be done to put people back into real
            jobs that support their families. Just not by people like you.

          • RobertCHastings says:

            charleo1, you have said a mouthful, and I agree with every word of it. Great post!

          • charleo1 says:

            And a good Saturday to you and yours as well!

          • infadelicious says:

            While in Canada, I paid a lot of taxes, had their “free” health care plus coordinated benefits from two employers, and still had to pay for plenty of basic services. The last time I walked into an emergency room there, the chalkboard said “13 hour wait” time. When a diagnosis is made by your doctor, if you can find one in Canada (they had to offer doctors from 3rd world countries incentive $$$ to go there) will tell you what treatments you can have…and then… you wait and wait……….some additional tests are 6 months away. Then you wait for your procedure to be booked, and unless absolutey necessary, it is often cancelled. Some Canadians, including some of their politicians who say they just love the health care program in Canada, head to the USA to get treatment for their loved ones, how nice… The hospitals are only hiring “casual” part time workers, so they don’t have to give them benefits……As for the heavy lifting, the guy who has been focused like a laser beam on creating jobs spends more time lifting beers and golf clubs,= than creating well paying jobs- it’s been 5 years, hopefully we won’t see the Detroitification of the entire country………..have a nice day.

          • RobertCHastings says:

            Canada’s “socialized” medicine is a much better bargain than the US has. Canadians spend around half on medical expenses of what Americans do. The American percentage of GDP that goes to medical costs is over 16%, higher than any other nation in the world. Most of the other industrialized nations cover ALL their citizens for about 8 – 10% of their GDP, have better outcomes, and have longer life expectancies. The “free market” in the US, which I guess you think is such a great thing, simply does NOT do anything to make health care affordable. In fact, it does nothing but enrich the insurance companies and decreases the quality of care in this country.

          • DurdyDawg says:

            It’s a typical line an old broad said that made a lot of sense as to why the rich get richer and the poor suffer because of it..

          • Dominick Vila says:

            There are a lot of wealthy seniors enjoying the beautiful beaches in places like South Florida, but there are many more welcoming customers at WalMart of cleaning the counters at the local McDonald’s because their meager Social Security check is not enough to put food on the table, pay the rent, and the utilities.
            Our problem is not that a few have more money than they can spend in many lifetimes, but that most don’t earn enough to survive.

          • RobertCHastings says:

            Your base is entirely too large, but the principle behind it is correct. A middle class of 250 million with incomes of $40,000 to $80,000 per year will spend EVERYTHING they make (savings rates are at less than zero today). However, those making over $200K spend 25 – 30% (meaning the rest is NOT spent and does NOT create jobs). Bear in mind, there is just so much they can buy – I mean, who really needs 50 suits?) What the wealthy are supposedly throwing at job creation is a myth, and your analysis is pretty much right on.

          • edwardw69 says:

            Give everyone $1 million. To the rich, it is chump change. To the 97% it will be a life gift. Why give 85 billion a month to the banks? In fact, I will agree in advance to give my $1 million to Children’s International.

          • proterozoic says:

            Give everyone 1 million? You mean increase the U.S. money supply by 313 trillion in a day? Do you think that would turn out well?

          • edwardw69 says:

            Well, I don’t know. I think the money would become worthless, like many on here have pointed out to me. But then, so would somebody’s $300 million dollars sitting in an off-shore bank. Or somebody’s $2.1 billion. And perhaps if they could be made to see that, they could then realize that it would be better to let the scales tip back somewhat to the middle of the financial scale. Keep what they have, but don’t make so much for some time. Or lose everything.

          • RobertCHastings says:

            Stop and think for a moment what you are saying. Multiply your 97% by the 320 million citizens in this country, and you come up with 310 million who would qualify for your largesse. Multiply that 310 million by the $1M you would give each of them and you come out with $310T (as in Trillion). There is not now, nor has there been throughout the entire history of society, that much money on the planet. If the government could print enough cash to make it so, paper money would be worthless and inflationary pressures would make it impossible to buy ANYTHING. The $1M you plan to donate would cost more to transport to the site than it would be worth. I would love to have a million dollars, but not if it was worth even less than the thirty sheets of paper I have stacked in my printer.

          • edwardw69 says:

            Point taken. Math and I are estranged.
            But what about my question: why give $85 billion a month, every month, to the banks? Why not give it–some way–to people who will spend it?

          • RobertCHastings says:

            When Bush AND Obama dealt out their $1.5T in stimulus packages between 2008 and 2011, many, including me (AND probably you) wondered why all that money was not given to the middle class. We would have spent it and stimulated the economy, buying goods and services and creating jobs, generating tax revenue, etc. – in effect, doing everything necessary to stimulate an economy. We know that 100% of money distributed to folks like us would be spent. We also know that less than 25% of money distributed equally to the wealthy would be spent in ways that stimulates the economy. Let’s say $1T is distributed in this way to the poor and the middle class. That is $1T that will be spent on consumer goods and services and generating jobs and tax revenues. Distribute the same $1T to the wealthy and less that $250B will be spent on stimulating the economy. The banks are doing nothing with what the taxpayers gave them other than trying generally risky ways of making themselves more money, for which we will once again be asked to bail them out.
            However, all that being said, the Bush stimulus was distributed in ways that did not generate jobs or tax revenues, while the Obama stimulus DID create jobs, keeping the car industry afloat, keeping the unemployed collecting unemployment checks, protecting millions of jobs for public safety personnel and teachers, providing services and assistance to our military, etc.
            I don’t know about you, but I, personally, feel that I got a much better bang for my buck under Obama than I did under Bush.

          • edwardw69 says:

            I am in complete agreement. And $1million apiece obviously won’t work, but how about paying everyone $200 a month for a year or two? (Unless my math remains faulty, that would amount to about $85 billion a month.) For example, a family of four would get $800 a month. Some people would not be able to do much other than live on it, but others could start to pay down debt, or even save. And one way or the other that money would go into the economy.

          • RobertCHastings says:

            For a while, many actually did get at least that much, especially some of those laid off. I got my notice in 2009 and TRIED to make do on unemployment. However, when Obama put through the COBRA supplement program in which the government paid for 65% of my insurance, that was a real boon. Without that help I would have been uninsured because I could not have afforded insurance on unemployment based upon 65% of the wages. Of course, the mere fact of unemployment payments saved a lot of our asses. To your point, though, $200/month would go a long way toward getting the economy back on track, as long as it does not augment the income of anyone who really doesn’t need it, like the Koch brothers, or Rush Limbaugh.

          • edwardw69 says:

            To the Messrs.’ Koch and Mr. Limbaugh such a paltry sum would mean nothing; however, it would positively infuriate them that it would mean so much to about 200 million Americans.

          • RobertCHastings says:

            Which is precisely why they are backing legislation to eliminate unemployment for millions, strangle welfare and food stamp programs, and reduce Medicaid around the country.

          • Sand_Cat says:

            Money may not come from a fairy’s behind, but we can all tell that your ideas come from someplace even darker and dirtier.

    • Catskinner says:

      You’re right, ObMG. There are way too many useful idiots out there.

      • Sand_Cat says:

        And a couple of useless ones: you and Obozo.
        Oh, sorry, I left out Obozo’s lapdog, Infadelicious.

      • DurdyDawg says:

        At least we still have the freedom to be anything we choose.. How about you? Are you free or do you just enjoy nagging about others who aren’t like you.. Well I say, “Give those guys a big hand because their NOT an over zealous wise cracker like you..” It seems that you and the blowzo can tolerate other’s opinions…. So long as it coincides with yours. Now…

    • kanawah says:

      MustGo wrote, ” like most other periods of severe unemployment, was produced by government mismanagement ”
      You are right. The current economic mess is totally the result of the actions of the republiCONs and the Transylvania tea bags. Starting in ernist in the Reagan administration, they destroyed the regulatory structure that protected us form the “wolves of Wall Street”. This continued in both Bush administrations. Then the Shrub Bush gave the wolves a wink and a nod to go full speed ahead. They did not take any action until the roof started to fall on their head in the ;ate summer of 2007.

      Now the republiCONs and the Transylvania tea bags are trying to push off the blame for the mess onto Obama.

      If the American people do not throw the republiCONs and the Transylvania tea bags out of all levels of government, form Washington to the smallest local governmental unit, our nation is doomed.

    • KDJ54 says:

      So, Milton Friedman is a historian as well as an
      economist. However, he should stick to
      making statements about economics and not history. Your quote from Friedman with regard to the
      Great Depression, is false, as the private market was the cause of the Great
      Depression. The American economy of the
      1920s, would be the veritable envy of today’s Republican right. It was a laissez-faire economy with minimal
      regulation by any type of government. No
      Social Security, no Medicare, and very limited government spending of any type
      in the economy. There was no FDIC and very little regulation of either banking
      or the stock market. The roaring economy
      of the 1920s produced a bubble in the stock market, where individuals purchased
      stocks which were leveraged and purchased on margins. Banks were willing to lend money on stock
      purchases, and many individuals purchased stocks on the margin. When the crash came, individuals, who were
      leveraged heavily in the stock market, lost everything. Banks were similarly leveraged, (does this
      sound familiar, with the LBOs of the past decade), and since there was no FDIC,
      bank runs depleated bank reserves. Since
      banks did not have enough reserves to cover their outlays, they went broke. People lost savings and jobs. Since there was no unemployment insurance,
      there was no money circulating in the economy.
      The 1930s were known as an era of deflation, that is, there was not
      enough money circulating to create employment opportunities. In other words, consumers had no money to
      spend on goods, consequently businesses could not hire and companies could not
      invest in expanded production.
      Additionally, Congress decided to pass the Smoot-Hawley bill, a
      protectionist piece of legislation, which further sunk the economy. Of course, the only way out of this
      predicament, was to create an infusion of money which would circulate in the
      economy producing jobs and help the economy rebound. FDR’s big mistake was that he listened to
      Republicans, who demanded a balanced budget, and therefore the New Deal limped
      along until the Big Deal showed up. The
      big deal, of course, was World War II, wherein the economy rebounded with, you
      guessed it, a heavy infusion of government spending for military goods. Hence, John Maynard Keynes was proved to be
      correct, the unfortunate thing was that it took a world war to teach us this
      lesson. Unfortunately, this history
      lesson has been distorted and lost upon us at this time, and we fail to
      understand the very basic principle behind government stimulus in times of economic
      recession/depression. If President Obama’s
      stimulus had not been passed, we also ran a great risk of falling into a
      deflationary spiral. It wasn’t enough, but it stopped the bleeding. Also, we
      have forgotten the basic tenants of the Glass-Steagall act, which prevented
      banks and Wall Street from colluding and sinking the economy. We continue to believe that big banks and
      Wall Street should be left to their own devices, as Republicans continue to
      thwart all attempts at regulation.

    • RobertCHastings says:

      Mr. Friedman, believe it or not (really irrelevant to me) actually supported Keynsianism fifty years ago.

      • ObozoMustGo says:

        Hasty… I know that, and he was intimately familiar with FDR and his policies. And then he realized how wrong he was. Clearly growing and learning and changing his mind was a hallmark of his intelligence and ability to learn from experience… traits that plainly those on the left are in severe deficiency of, if any at all.

        And to set the record straight, though I am not a fan of Bush since he was a big government progressive in the Republican party, his economic record is WAAAAAYYYYYYY better than Obozo’s. Look at GDP growth rates and unemployment during his term and compare with Obozo’s virtually nonexistent GDP growth rate and persistent high unemployment combined with a rapidly shrinking workforce participation rate and an additional 7 TRILLION in national debt. Only to an ignorant moron would Obozo look good, but not to anyone objective. Further, what you leftist freaks mistake about Harding/Coolidge is that they also inherited a depression in 1921, but their policies of shrinking government, taxes, and regulation produced one of the greatest periods of growth and progress in American history with GDP expansion in excess of 7% per year for much of that term. Hoover was another big government progressive that believed he could control the economy, and instituted Keynesian policies of government spending and control, particulary over electrical generation with the TVA and other government projects that forced out private enterprise and themselves became boondoggles, just like everything else government does.

        You see, Hasty, what makes you and I different is that you actually believe the lie that government can control, steer, and direct an economy where people are free like here in America. They do in China, but that’s communist state controlled capitalism where the subjects (citizens) are nothing more than mere slaves to the company that is China, Inc. And if they were free and had a free press, the world would know the truth about what goes on behind that proverbial iron curtain. It’s not all roses and peaches. The fact of the matter is that government cannot control the economy, just like a referee cannot control the outcome of a football game, and if they do try, it’s noticable and everyone knows it and hates it. The only function government can perform is to be a low entropy (that’s predictable to all the leftist morons reading this) referee that applies minimal laws, regulations, and justice equally to all, and lets maximum amount of freedom and enterprise to take place within the established laws we have. Such an environment allows for the real engine of economic growth to thrive: entrepreneurs!

        Have a nice day, Hasty!

        “Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.” — Frederic Bastiat, French economist (1801-1850)

        • RobertCHastings says:

          Whether you support Keynesian economics or not is really irrelevant, as is my distaste for your flavor of economic theory. IF we actually had a free market, it would look much different from what Republicans are trying to foist off as such.

    • Independent1 says:

      Well Obozo, at least you agree that the 12 years of Republican presidential leadership that led up to the great depression was one gross act of total Republican government mismanagement: the three Republican presidents in office from 1921 through 1933 – Harding, Coolidge and Hoover managed to accomplish just about exactly what the two Bushes did in their 12 years – total governmental mismanagement and incompetence that led America and the world into the Great Depression – just like Bush Jr. led America into the Great Recession. The only saving grace in 2008 was that Barak Obama was elected instead of John McCain who would have accomplished exactly what Hoover did – creating the GOP’s 2nd World Wide Depression.

    • bhaggen says:

      How dare you criticize the Messiah! If he had 3 sons they would look like the kids involved in the school bus beating in Florida.

      • infadelicious says:

        now now! its just a coinkydink those 3 animals were black………God help us if they were white or white hispanic…………….Al ‘race pimp” Sharpton would be in his glory…………. but now……..what’s that sound from al and his buddy jesse?………….tumbleweeds and crickets………………….

      • ObozoMustGo says:

        And if he had 4 sons and a daughter, they’d look like these 5 that kidnapped and tortured a white teenager and his girlfriencd for 3 days in Knoxville, raping them and cutting off body parts prior to killing them. Where was Al “race pimp” Sharpton and the other race hustlers or national media on this one? crickets….. crickets…. crickets….. crickets……

        http://www.truthorfiction.com/rumors/c/christopher-channon.htm

        Have a nice day, Haggen!

        “I am afraid that there is a certain class of race-problem solvers who don’t want the patient to get well, because as long as the disease holds out they have not only an easy means of making a living, but also an easy medium through which to make themselves prominent before the public.” – Booker T. Washington

  2. Catskinner says:

    It was clever of Obama to use healthcare as a means to solving the unemployment dilemma. By making it so entry level jobs will all be part-time, employers now have to hire a whole lot more people.

    • dancerboots says:

      @Kollmorgon and Catskinner. That isn’t the fault of the AHCA…that is the fault of crony capitalism. The estimations/calculations are figured the same every quarter…nothing has changed in the way it is done and for previous President’s when using these figures…only now is the “out cry..but that can’t be right”..they didn’t take blah blah blah into account”. It wasn’t taken into account for any quarter. ..when publicizing the statistics. Evidently, the government has been afraid for decades if your comment is correct. Despite the slow recovery, we are recovering. What I witness from the Tea Party/Republicans is not one concern on passing legislation that could prevent the crony capitalists from keeping workers wages stagnant for over thirty years, cutting workers hours to avoid paying benefits, and demonizing the working class for the greed perpetuated by Republicans that favor the corporate world.

      • Michael Kollmorgen says:

        Of course, the government is scared shitlits to include these other categories in their official statistics.

        IF they really did that, this country would have a civil war. Someone told me a long time ago that when the unemployment figures reaches into the high teens, people will start considering civil war. This is an actual area of study among government officials. Around 20% is usually the reported figure that is the tipping point.

        This is one of the dirty little secrets the government won’t talk about.

  3. Michael Kollmorgen says:

    This new figure might be the new lowest unemployment figure for the official amount.

    But, it’s all BS and trumped-up figures.

    If you consider these groups as included into the official government figure, which they won’t include, they are:

    People who’s unemployment compensation ran out
    People who work temp jobs
    People who work part-time jobs.
    People who just gave up looking for work
    People who had jobs but who are recently disabled though no fault of their own on the job

    The REAL official government statistic should be around the high teens.

    The government is scared to death to include these groups……………

    Another point.

    People like to harp on closing down all these overseas bases, bringing all of our troops home. The government can’t bring all of our troops home. Where would they all find jobs? If our government actually brought home all of our troops, all at once, the official unemployment figure would rise above 20% literally overnight, not including all these other groups of people I mentioned.

    • TZToronto says:

      You make it sound like the reporting methods for unemployment, employment, etc., were all just hatched in the Oval Office last month. If that were the case, then your argument might hold some water. But the fact is that the reporting is not done out of the Oval Office. These numbers come from the Department of Labor and are reported the same way they’ve been reported, consistently, for years. They don’t make things up. So despite what you claim are things that are not included in the numbers, these things are always not included in the numbers. So it’s apples-to-apples, not apples-to-oranges, as you would have people believe.

      • Michael Kollmorgen says:

        I never claimed they were hatched in the Oval Office.

        I really should have said – these groups of people are traditionally never included. Sorry, my mistake.

        The BIG question that begs answering is why they aren’t?

        • TZToronto says:

          Now you’re talking! I have no quarrel with the question of why these other figures are not included since to include them would provide a more accurate employment picture. The figures relating to those who have stopped looking for work or have run out of unemployment benefits are probably available. So the real reason for not including these numbers is to be able to make valid comparisons, which is a good reason. The public servants who compile these numbers are apolitical in their work, and that can be seen in the monthly revisions to previous months’ job creations numbers, either up or down, based on most recently available data.

    • Dominick Vila says:

      TZToronto is correct, the method we use to determine the unemployment rate in the USA is the same we have used for decades.
      Are you suggesting that one of the justifications to invade Afghanistan and Iraq was to give an illusion of high employment and economic prosperity that did not exist?

      • Michael Kollmorgen says:

        Well, have you ever noticed this;

        Usually, every time this country is involved with a major conflict, our economy booms.

        During Nam, one could quit a job today and get another job in a few hours. No one I knew was layed off. Everyone was working. This was also due to the fact that a large percentage of the working men were in nam.

        However, the situation has changed a bit. Since more technology is being used and not as many boots on the ground is needed, there aren’t as many jobs be created anymore. So, wars today aren’t propping the economy as they used to do.

        One of the justifications for invading iraq and afgan was to create employment. How much employment was created is a good question.

        Regardless though, this country never existed where a generation did not experience at least one war or police action.

        • Dominick Vila says:

          Wars have contributed to economic booms in the past, not only because of the number of people drafted and those who volunteered, but because the arms industry boomed to satisfy the need to replace ordinance and build more sophisticated and powerful weapons.
          The question is: Is that who we are? Using warfare to compensate for our current inability to create new technologies and develop new concepts and processes, is inconsistent with our values.
          The most important reasons for our stagnant job market are outsourcing, the introduction of robotics, and the migration from an assembly-line economic base to a service oriented economy. Our ability to grow as a nation depends on innovation, the development of new technologies and concepts, and our willingness to invest at home rather than in foreign lands.
          We don’t need more wars to create jobs in the USA, what we need are modern day Fords, Edisons, Bells, Gates and Jobs. The future of the USA, when it comes to job creation and economic growth is likely to depend on the transformation of urban development, transportation systems and energy sources, not crusades. The effects of increased radiation and global warming are likely to force us to develop underground cities, different types of dwellings, different kinds of transportation and energy sources, and even different food (more dependence on ocean resources.

          • Michael Kollmorgen says:

            “Wars have contributed to economic booms in the past, not only because of the number of people drafted and those who volunteered, but because the arms industry boomed to satisfy the need to replace ordinance and build more sophisticated and powerful weapons.
            The question is: Is that who we are? Using warfare to compensate for our current inability to create new technologies and develop new concepts and processes, is inconsistent with our values.”

            YEP, that’s exactly the kind of nation we are!

          • Dominick Vila says:

            Yes, that is the kind of nation we are today, but not the nation we once were. I wonder how the families of those who were used as pawns in the biggest chess game of all, feel when they realize their loved ones were sacrificed in the pursuit of material gains. I wonder how those who lost a limb and are afflicted by PTSD and other emotional and psychological disorders feel when they realize that what they thought was a noble quest was actually part of a scheme used by a few to advance their personal goals and enrich themselves at the expense of so many young people who believed they were fighting for our values, our freedom, and our way of life.
            I doubt we would be who we are today had it not been for those who were here before us, those who ventured into unknown lands, ploughed the land with their bare hands, and took incredible risks to give their descendants the opportunities they never had. They did not create jobs by risking the lives of their children, they did it the old fashioned way, they worked to earn what they had.

          • Michael Kollmorgen says:

            If you really want to know what I think of America, watch “The Last Samurai”, starring Tom Cruise.

            It fits my philosophy perfectly.

        • dpaano says:

          Do you also realize that with every war we fought, taxes were raised to pay for it….unlike the Bush era when he left it unfinanced!

          • Michael Kollmorgen says:

            I know. But, that’s a hell of a reason to raise taxes for though.

            The money that was raised could have been put to way better use in other areas of our economy.

          • dpaano says:

            Yes, but the taxes WERE raised after the war started because the president at the time realized that we had to pay for it somehow…..unfortunately, Bush thought he’d skip that point and just bury along with the medicine bill he also produced without any idea how to pay for it. Brilliant!

          • Michael Kollmorgen says:

            Yea, I know.

            But, imagine what we could have done with that money for our society instead of sending our guys to get killed for some corporate special interest.

            Our wars were never fought for any justified moral reason, maybe other than WW2. Even, then, with WW2, it could be claimed we got sucked into that one too. You should be aware that Churchill is the one who manipulated us to declare war against Germany.

            And, it was very strange the way Japan turned enemy of ours during WW2. They WERE our Allies during WW1. What changed that relationship?

  4. kanawah says:

    Things are getting better, and the republiCONs and Transylvania tea bags are having a hissy fit. They have sworn to do everything they can to make Obama look bad, no mater how much it hurts the nation and our people.

  5. kanawah says:

    It is the republiCONs and the Transylvania tea bags that are responsible for the current mess.

    They destroyed the regulatory system, starting in ernest with Reagan, continuing in the two bush debacles. Add to that the “wink and a nod” Bush co gave to the wolves on wall street, and doing nothing until the roof was falling on their head in the fall of 2007. Now the republiCONs and the Transylvania tea bags are trying to put the blame on Obama.

    The standard republiCONs and the Transylvania tea bags mode of operation is “Lie, deny, change the subject, and when all else fails, assault your opponents character and motives”. They are living up to that mantra, or is it they live DOWN to the mantra.

  6. Dominick Vila says:

    One of the most remarkable facets of this trend is that it is taking place as more and more American investors are moving their portfolios overseas to maximize profits and take advantage of new markets, such as China. The same goes for the effects of automation and the fact that many Americans don’t qualify for some of the best jobs our economy has to offer. Fortunately, demographic changes associated with an aging population are creating enough jobs at home to further reduce our unemployment rate to a manageable level.
    It is also important to consider that in addition to declining unemployment, the record bankruptcies and foreclosures that were the order of the day when President Obama was inaugurated in 2009 are back down to normal levels, that corporations that were on the verge of bankruptcy are once again profitable, and that the stock market reflects the gains that have been made under the capable leadership of President Obama and his team.

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