Some liberal troll used the contact form to tell me, using childishly vulgar terms, my “ilk” will be sorry for trying to undermine the great job Obama has done “saving” our economy from evil capitalism. I won’t bother to publish or respond to his numerous, conspiratorial points but I will say for the record there is no economic recovery and America has slipped into second world status so smoothly most people haven’t realized it yet. Here’s the real deal:
Via Mish we have some staggering numbers about unemployment:
In the last year, the civilian population rose by 3,638,000. Yet the labor force only rose by 945,000. Those not in the labor force rose by 2,693,000.
The Civilian Labor Force fell by 342,000.
Those “Not in Labor Force” increased by 522,000. If you are not in the labor force, you are not counted as unemployed.
Those “Not in Labor Force” is at a new record high of 87,419,000.
By the Household Survey, the number of people employed fell by 169,000.
All this adds up to an actual unemployment rate of around 11% at least if the government wasn’t cooking the books.
The Daily Economist points out that the Fed can’t even accurately measure this data because the numbers have surpassed the parameters the Feds use to create their charts.
Over five million people, that’s 5,000,000, have gotten on disability since Obama took office. As David Rosenberg notes “…either safety standards at work have eroded dramatically or the “99%” have found a creative way to milk the system and turn the economy into a quasi welfare state”
The Asian Development Bank just announced it see the end of the dollar as the world’s reserve currency happening soon. This is because they see the dollar as becoming essentially worthless.
Small businesses, those little mom and pop shops the “99%” claim to support, aren’t hiring because of the bad economy.
Americans are storing their cash in home safes rather than banks because the risk of a bank implosion far outweighs the pittance of interest savers can earn.
California bankruptcies increased 557% from 2006-2011 and there’s no sign of improvement. In fact demographic data for the state suggests things will get much worse.
Every week 330 farmers leave their land for good. This is a famine in the making as industrial agriculture requires too much energy to maintain a centralized food production business that can feed the entire country.
The Obama administration is systematically destroying the remaining family farms through environmental regulations.
The standard of living urban liberals enjoy – and think the government can provide for all – is actually completely unsustainable.
But hey, Obama said he fixed things so they’re fixed. Time to celebrate!