Wednesday, October 3, 2012

J O B S, jobs, jobs, jobs... WHY OBAMA'S JOBS SUCK

Tonight President Obama lied about creating 5 million private sector jobs. He's created 4.4 million, you can't even round that number up to 5. One of the problems is the number of jobs he's lost... 4.3 million. His unemployment is at 8.1%. This number doesn't even begin to tell the big picture, but that's why you read this blog... for the truth. So here it is:


"Data shows that roughly 60% of jobs lose between 2008 and 2010 were in the middle third of wages...While the economy has indeed added new jobs, over half of them have been lower paying spots in retail and food preparation, according to the New York Times."

“The overarching message here is we don’t just have a jobs deficit; we have a ‘good jobs’ deficit,” said Annette Bernhardt, the report’s author and a policy co-director at the National Employment Law Project."

"Although six in 10 jobs lost during the Great Recession paid mid-level wages, the majority of new jobs created in the recovery -- positions such as store clerks, laborers and home healthcare aides -- pay much less, according to a new study."

"The recovery continues to be skewed toward low-wage jobs, reinforcing the rise in inequality and America's deficit of good jobs," she said. "While there's understandably a lot of focus on getting employment back to pre-recession levels, the quality of jobs is rapidly emerging as a second front in the struggling recovery."

"The economy has fewer good jobs now than it did at the start of the 21st century,” said Bernhardt, the study's coauthor."

"Three notoriously low-paying industries -- food services, retail, and employment services -- account for 43 percent of all jobs created during the economic recovery, while better-paying industries have failed to recover, according to NELP."


"The big question: Who are all these people who have given up, driving the share of able-bodied Americans in the labor force to a 30-year low of 63.5 percent last month?"

HOLY CRAP!!! Only 63.5% of able bodied people have a job??? That means that 36.5% of people who can work, aren't... THAT'S A 30 YEAR HIGH!!!

"The unemployment rate goes down when people stop looking for jobs, retire or go back to school — even if they’d rather have a job — because they no longer meet the Labor Department’s official definition of “unemployed.” 

"People pushed into early retirement by the recession have driven up claims for Social Security and Medicare benefits years ahead of schedule, moving up the projected insolvency of those fastest-growing entitlement programs."

So not only are we not getting taxes from these people because they're not earning any more, we're losing money as our government pays their SS and Medicare bills. Is our deficit problem becoming clearer?

"For their part, younger people who have chosen to go back to school are piling up student loans, most of them guaranteed by the government, driving total student debt to an all-time high of more than $1 trillion and eclipsing every other kind of consumer credit."

Student loans are responsible for more debt than credit cards now. Does the Occupy movement make sense now? These kids who payed out the butt for college are unemployed, have huge amounts of debt, so of course they can sit in a park for 6 months! They aren't occupying a job.


"Obama was putting politics ahead of jobs and the nation's energy security by rejecting the pipeline now, Republicans and oil industry leaders said. The president faced fierce pressure from environmentalists who said they would be less likely to campaign for him in November if he didn't block the project to move carbon-heavy oil from the tar sands of northwest Canada."

"Business leaders and Republicans say approving the project now would create as many as 20,000 jobs for an ailing U.S. economy and lessen dependence on foreign oil."

Then, there's the fact that by our VP's own words our middle class has been buried by this administration:

"This is deadly earnest," Biden said. "How they can justify raising taxes on a middle class that has been buried the last four years? How in Lord's name can they justify raising their taxes with these tax cuts?"

Pretty tough to argue with a guy who's so truthful and so dishonest all at the same time. Maybe President Obama needs Solyndra to get a solar powered teleprompter to hook around Biden's neck so he can't screw up anymore.

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