April 05, 2013

The lies of March

The Economy in the USA is really bad.  Recessions happen they are on a cycle.  America has suffered 11 recessions since the Great Depression. The average length of those previous recessions was 10 months, with the longest being 16 months. When Obama entered office, the recession was in its 13th month. So based on the previous, long-term pattern of the American economy, the recession would soon be over.

Unless you have no understanding of history or economics.  Which the president of the Liberals does not have.  His real skill set is campaigning, not leading.

Lets take a look at Huff Po: March Jobs Report: U.S. Economy Adds 88,000 Jobs; Unemployment Rate Down To 7.6 Percent.  Which is a positive headline.  It says "take heart! things are getting better", and if you were to stop at the headline, you would miss the following excerpt: Unemployment fell to 7.6 percent in March from 7.7 percent in February, the Bureau of Labor Statistics said. But that was mainly due to 496,000 people leaving the labor force completely. The labor-force participation rate -- the percentage of people eligible to be working or looking for work -- fell to 63.3 percent, the lowest since 1979. Had that number simply held stable, the unemployment rate might have been higher. 

People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels

Real March Unemployment Rate: 11.6%

 fudging the labor force participation rate is how the Obama administration has managed to maintain the myth the economy has grown under his leadership for the past 4+ years.The economy has not improved by one bit since 2009!

Heading backward: The miserable March jobs report

The job market is still falling far short of predictions made by the Obama economic team back in 2009. Thanks to the $800 billion stimulus, the unemployment rate was supposed to have dropped to 5.1% by now.

Fewer people looking for work + Fewer Available Jobs = Lower Unemployment!

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