[quote=Patty]More Phantom Jobs CreatedAll In The Wrong Places
June 6, 2014 | Categories: Articles & Columns | Tags: phantom jobs, | Print This Article Print This Article
More Phantom Jobs CreatedAll In The Wrong Places
education is not the answer
Paul Craig Roberts
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While the MSM sings accolades to this regime, the rest of us who pay attention know their reports do not pass the "Smell Test". For example, to hear "seasonally adjusted" means they are cooking the numbers. It's a fudge factor which really doesn't report the true numbers.
How can the unemployment rate drop when the participation rate drops? (U3 vs U6 BLS statistics) In other words, there are LESS people working, yet the unemployment rate is lower.
What about the millions of workers who got their hours slashed because their employer didn't want to pay for ObamaCare? That really has to "help" the economy when someone goes from 40+ hours a week to 28 and then see the premiums and deductibles are sky high and basically unaffordable. This means families have less money to pay higher costs. Only in Fantasy Land can this be good.
The t***h is we are seeing the economy shrink while many people still have hopes of landing a good-paying job. The smoke and mirrors, lies, distortions and media celebrations will continue, but less and less people are falling for it. I suppose this was the same way in the former Soviet Union when they would report record crop harvests from their collective farms, yet anything that could float was in American and Canadian ports buying up all the grain they could get.
This regime touts a recovery, yet for college grads who are now looking for work are having a tough time of it. Additionally, I read these people are making some $3400/yr less than in 2000. I suppose that's the bounce-back they get for v****g for Obama. Raising the minimum wage, a concept mentioned in the C*******t Manifesto, will make student life even tougher for our younger people to find a chance to make some money while going to school.
Until this regime is finally ousted and all the sycophants are sent packing, recovery will not appear. E******ns do indeed have consequences.
http://scgnews.com/the-contraction-of-the-us-economy-no-it-wasnt-because-of-the-harsh-winter