OCTOBER 5, 2012 10:36AM
A Dose Of Reality On The Collapsing Employment PictureâPersonal Income In Michigan Has Dropped 11% Under Obama And 27% In The Last Decade
How about a dose of reality to offset governmentâs mockery of employment. Michigan personal income has dropped 27% since 1999 and 11% since Obama took office. Similarly dreary numbers are shared by most states.
At this rate, Obamaâs plan of having us all work for minimum wage will be complete in no time. Change you can believe in.
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zacherydtaylor
Rick Lucke
Snowden
Samasiam
libbyliberalnyc
Jack Heart
Salon.com
Comments
I pay less now for a dress shirt then I did in 1980 - but a gallon of gas costs nearly five bucks - and I was shocked when it went over a dollar per gallon.
I believe that we lost the mandate in 2000 - and by invading Iraq in 2003 we proved that we were not what we once were - and had become somthing less deserving of the worlds respect - 2008 iced that cake and we are quite lucky to be doing as well as we are.
When it is you vs the world - bet on the world.
"This will be real quick folks, and will center around the Jobs data from last Friday. We've all heard the cries from all corners about how those numbers were suspect, fishy, and questionable. to me, that's all par for the course, and therefore don't get all lathered up about it, for it happens nearly every time data prints in this country. The two things I'll point out about the Jobs report, that showed 114,000 new jobs created (no biggie), but also a drop in the unemployment rate from 8.1% to 7.8%... WOW! Now that's something to beat the drum about, eh?
Unfortunately, only those that know how the BLS actually calculates this unemployment rate, know better than to get all lathered up about this drop, when the jobs created are miniscule. As I've explained here for years, when an unemployed person, has their unemployment benefits expire, and they give up looking for a job, the are, in the infinite wisdom of the BLS, no longer counted as "unemployed". I kid you not! The person is still unemployed, but. the BLS no longer counts them as such. So, when you have tons of people that drop out of the "looking for a high paying job like the one they had game", the unemployment rate drops.
So, if you're new to class, this is how the data is recorded. Doesn't make sense, I know. A simple check of John Williams' website: Shadowstats.com, shows that when you actually count unemployed people the unemployment rate is 22.8%! that's a long way from 7.8%, eh? If we could only account for things as is, and not cook the books.
And then there's also this ditty that was in the report. September saw the largest monthly gain, ever, in Gov't workers hired. Now tell me that isn't a political move? I'm not going to get into that last thought, but it is what it is."
-R-
Real underemployment and unemployment is likely some number that neither you or I would scoff at. ie, as much as 50% probably don't have a sustainable wage without some form of government transfer payment assistance be that SS, Medicaid, Medicare, unemployment, welfare, aid to families with dependent children, disability etc.
Anyone who opens their eyes sees the truth. I believe at last count I saw over 2 million people have dropped off of unemployment and who knows how many more just gave up looking as I am sure you know.
As for the comment below yours, you need to wake up. You are still in this false left right paradigm. Obama is a corporatist. Corporatists want cheap, obedient labor. His bailout of the auto workers slashed pay by 50% for new workers. If you think Bush had much of anything to do with this other than sustaining a system of massive corruption, you are in so deep, may God help you. The underpinnings of gains made by democracy have been eroding since 1947, That's when the National Security Act was passed that created the military-industrial complex and your master. (And Obama's) And, also the Taft-Hartley Act that was the first major blow to totally obliterating labor (democracy) in our economy. I fear you are clearly not ready for what is yet to come. Obama is a war and police state corporatist.