Under Obama, Economic Stagnation Is the New Normal

[Wehrwolfen]

Under Obama, Economic Stagnation Is the New Normal​

By: Louis Woodhill
12/10/2012



Friday's "Employment Situation" report from the Bureau of Labor Statistics (BLS) showed that 5.4 million Americans have dropped out of the labor force since Barack Obama took office. The labor force declined by 350,000 in November, despite an increase of 191,000 in our working age population.

The unprecedented decline of labor force participation under President Obama is not news. However, it also appears that millions of brain cells have dropped out of the mental labor force of America's economic analysts. How else can we account for headlines like these?

"Jobs report: A pleasant surprise" (Jared Bernstein)

"The employment emergency is over" (Felix Salmon)

"Fiscal cliff? What fiscal cliff? No evidence in jobs numbers" (Stephen Gandel)

In case anyone didn't notice, the BLS jobs report was terrible. Unemployment didn't go down in November (from 7.9% to 7.7%) as the BLS reported, it actually went up. The true unemployment rate, calculated at the labor force participation rate that existed when Bush 43 left office (65.8%), increased from 10.7% to 10.8%. This put the true unemployment rate 1.3 percentage points higher than when Obama's so-called "economic recovery" began, almost 3.5 years ago.

As of November 2012, total employment was still 3.2 million below its peak, which occurred five years earlier. This is particularly ghastly, because America's working age population has increased by 11.2 million since then. Less than 1% of incremental working-age Americans have managed to get jobs since Obama took office.

But wait. There's more.


(Excerpt)

Read more:
RealClearMarkets - Under Obama, Economic Stagnation Is the New Normal

 

[Old Rocks]

But losing 750,000 jobs a month was a good thing? That was what President Obama inherited from the Bush admin. Yes, the recovery is taking longer than we hoped. But it is still going on. In spite of the obstructionist GOP.

 

[TakeAStepBack]

But losing 750,000 jobs a month was a good thing? That was what President Obama inherited from the Bush admin. Yes, the recovery is taking longer than we hoped. But it is still going on. In spite of the obstructionist GOP.

If you call that a recovery.

Those damned obstructionists! They dont want to give Obama another 3/4 of a trillion to flush down the corruption sewer pipe. DAMN THEM!!! DAMN THEEEEEEMMMM!!!

LOLberals like Paul Krugman need to go jump off the Cliffs of Moher.

 

[Mr. Shaman]

Under Obama, Economic Stagnation Is the New Normal

December 6, 2012

Obama and the CEOs​

"Ever since President Obama won reelection, a parade of corporate leaders has come through the White House.

Last week the president played host to a dozen chief executives, including Yahoo’s (YHOO) Marissa Mayer, American Express (AXP) CEO Kenneth Chenault, and Brian Roberts of Comcast (CMCSA). On Wednesday, Obama trekked to the Washington offices of the Business Roundtable to talk with Boeing (BA) CEO Jim McNerney and other executives.

At these meetings, Obama has appealed to the CEOs to accept his proposal for higher taxes. He has told Republicans that there will be no fiscal cliff negotiations unless that condition is met.

Considering the doomsday predictions around the fiscal cliff, the CEOs have emerged from these meetings in an oddly cheery mood."

UP YOUR ASS, STORMFRONT-GOOBER!!!!

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[Mr. Shaman]

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December 5, 2012

Turtle-Boy;
Shittin' His Pants!!!​

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[SniperFire]

But losing 750,000 jobs a month was a good thing? That was what President Obama inherited from the Bush admin. Yes, the recovery is taking longer than we hoped. But it is still going on. In spite of the obstructionist GOP.

That was one month, and it happened when business owners found out that we had just elected a Marxist as POTUS.

So they rolled up the carpet and headed to the hills, where they will remain for the next 4 years.

Hey, they don't call it the 'smart money' for nothing!

 

[Mr. Shaman]

But losing 750,000 jobs a month was a good thing? That was what President Obama inherited from the Bush admin. Yes, the recovery is taking longer than we hoped. But it is still going on. In spite of the obstructionist GOP.

That was one month, and it happened when business owners found out that we had just elected a Marxist as POTUS.

Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight.....


[ame=http://www.youtube.com/watch?v=1y04g6OPLnQ]Obama Dismantles Republican Caucus Part 1 of 7 - YouTube[/ame]

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