The August Jobs Report, Stuck between a Lie and a Hard Place

Posted by PITHOCRATES - September 8th, 2013

Week in Review

The left has been lauding the good economic news jobs report after jobs report.  Always talking about all those new jobs created.  And the falling unemployment rate.  While not talking at all about the falling labor force participation rate.  For good reason.  For while new jobs and a falling unemployment rate are good people leaving the labor force is not.  And, sadly, the only thing making the jobs report look good is that people are simply disappearing from the labor force (see 169K New Jobs Last Month, 7.3% Unemployment: Conflicting Signals For The Fed by Abram Brown posted 9/6/2013 on Forbes).

Unemployment continues to fall, with joblessness reaching a 4-and-a-half-year low in August at 7.3%. Troublingly, the drop in unemployment comes from fewer people looking for jobs rather than a robust economy adding workers to open positions. The number of Americans participating in the labor market is at the lower [sic]point since August 1978.

Going forward, the Fed will need to decide how much stock to put in the unemployment number. It threatens to continue to fall while job creation stays meager–setting up a situation when the Fed could reduce its stimulus at a time when the recovery still isn’t firmly rooted. “People were not supposed to be dropping from the labor force this year,” says FTN Financial’s Chris Low. “While the Fed wrestles with this quandary, we’ll wait to see if it really meant what it said about the quality of improvement in the unemployment rate…At the Fed, there is a tendency to fall back on the unemployment rate as the best gauge of labor market health.” And he warns, “Markets will be unsettled.”

So what is a lying government to do?  After all of those years, and all those jobs reports, trumpeting the success of their economic policies based on the fall in the official unemployment rate, what do they say about the Fed who may raise interest rates because the official unemployment rate says the economy has recovered while the labor force participation rate says it’s still in the toilet?  When the only economic activity has been their friends on Wall Street taking the money the Fed was making and investing it?  Making money with money?  But making no jobs?  That’s something a Democrat administration is not supposed to do.  Helping rich people at the expense of the middle class.  So what is a lying government to do?

Tell the truth and admit that their economic policies have all failed?  To keep that cheap money tap open for their friends on Wall Street?  Or lie?  And say their economic policies have been successful?  And offer no rationale to keep the easy money tap open?  And let them close that tap?  Killing the only economic recovery?  That was enjoyed only by their friends on Wall Street?  Thus exposing the lie that their economic policies created any kind of economic recovery?

Quite the quandary for the Obama administration.

www.PITHOCRATES.com

Share

Tags: , , , , , , , , , , , ,

President Obama increases Joblessness and Poverty with his Policies

Posted by PITHOCRATES - August 3rd, 2013

Week in Review

The political left is ruining the country.  Every time they get into power they leave a swath of destruction in their wake.  And we hear the same things over and over again.  The plans these people have to fix the things they’ve destroyed.  We heard Jimmy Carter.  And now we’re hearing the same things from President Obama.  But they’re just empty words.  For if things get worse while you’re in office it’s you.  Not everything else (see Exclusive: 4 in 5 in US face near-poverty, no work by Hope Yen, Associated Press, posted 7/28/2013 on Yahoo! Finance).

Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.

The findings come as President Barack Obama tries to renew his administration’s emphasis on the economy, saying in recent speeches that his highest priority is to “rebuild ladders of opportunity” and reverse income inequality.

Renew his emphasis on the economy?  To renew something you had to have done something first.  The president is in his 5th year in office.  And all he’s done is implement policies that has discouraged job creation.  Obamacare is causing employers to freeze hiring and push some employees to part time.  Obamacare, then, has increased joblessness.  And forcing people into lower-paying part-time jobs has increased poverty.

Shutting down the oil business in the Gulf of Mexico destroyed good-paying jobs in the oil business.  Refusing to approve the Keystone XL pipeline has prevented the creating of good-paying construction jobs.  And the additional good-paying jobs in the oil business that would have processed this new oil coming to American refineries and out into the distribution network.

The president’s war on coal is shuttering coal mines.  And destroying good-paying jobs in the mining industry.  And moving away from cost-efficient coal-fired power plants has increased the cost of electric power for businesses and households.  Something else to put pressure on hiring.  Leading to more joblessness.  And poverty.

Things have gotten worse during the Obama presidency because of his anti-business policies.  When you have anti-business policies you don’t create an environment for job creation.  Which is the source of all of our problems.  People can’t get a good-paying full-time job because President Obama is destroying them.  And if that wasn’t bad enough, liberal Democrat policies make a bad situation worse.

Marriage rates are in decline across all races, and the number of white mother-headed households living in poverty has risen to the level of black ones.

“It’s time that America comes to understand that many of the nation’s biggest disparities, from education and life expectancy to poverty, are increasingly due to economic class position,” said William Julius Wilson, a Harvard professor who specializes in race and poverty. He noted that despite continuing economic difficulties, minorities have more optimism about the future after Obama’s election, while struggling whites do not…

For the first time since 1975, the number of white single-mother households living in poverty with children surpassed or equaled black ones in the past decade, spurred by job losses and faster rates of out-of-wedlock births among whites. White single-mother families in poverty stood at nearly 1.5 million in 2011, comparable to the number for blacks. Hispanic single-mother families in poverty trailed at 1.2 million.

The political left won’t tell kids to stop having so much sex.  In fact, they’re facilitating it.  By giving free condoms to high school kids.   Making abortion available on demand.  And even providing the morning-after pill to any girl regardless of age without a prescription or parental notification.  Because kids are going to have sex no matter what we say.  A message heard loud and clear by our kids.  Who are having a lot of sex.  Hooking up to satisfy their needs.  Then going on their way.  Seeing no need to get married.  Especially the guys.  Who never had it better.

The enlightened attitude of the political left has made it a veritable smorgasbord out there.  Objectifying women like never before.  Where men look at women as sexual flavors.  And wonder what they feel like tonight.  This is the hookup.  And it isn’t conducive to making long-lasting relationships.  These guys don’t even want to talk to these women.  They want to take care of their business.  And leave.  Returning to their male friends.  Where they can enjoy the things they really like once their sexual needs are satisfied.

This is why marriage rates are declining.  Because with the left’s objectification of women what’s the point of marrying them?  This is the world a girl finds herself in after getting pregnant.  And doesn’t want to get an abortion.  She is on her own.  And there is no faster way to poverty than being a young, single mother.  If she doesn’t graduate from high school or can’t go on to college because she has to raise a baby what chance does she have?  While others are getting an education she is working a job that doesn’t require an education.  When her high school classmates are graduating from college she is still working that same job.  Because she missed out on getting the college education that could have given her a career with a high-paying job.  Instead working a job that requires no advanced education.  The kind that doesn’t pay well.  Because they’re often entry-level.  The kind high school kids work.  And those in college.  Who then quit these jobs to begin the career they went to college for.  But what a single mother can’t do.  Because without that education she doesn’t have that option.

The obvious solution to this problem is for these girls to wait for marriage before having a baby.  When a parent can stay at home with the baby while the other is building a career that lifts them out of the poverty level.  If the left would stop objectifying women people will stop hooking up and get married instead.  To build a career.  And a family.  Instead of just giving in to their base impulses and enjoying the moment.  And living a life of abject poverty.  For like the old saying goes, good things come to those who wait.  And if you wait until marriage before having children life will be so much better than life as a single mother.  As the data shows.

www.PITHOCRATES.com

Share

Tags: , , , , , , , , , , , , , , , ,