Therefore, since the world has still/Much good, but much less good than ill,
And while the sun and moon endure/Luck's a chance, but trouble's sure,
I'd face it as a wise man would,/And train for ill and not for good.
US economy adds 88K jobs, rate drops to 7.6 pct.Let's see .. a recession is defined as two consecutive calendar quarters of down GDP. We were down at the end of December .. and let's see what the end of March looks like.U.S. employers added just 88,000 jobs in March, the fewest in nine months and a sharp retreat after a period of strong hiring. The slowdown may signal that the economy is heading into a weak spring.
That's the correct direction .. but, you know, with the GDP down in December even with Christmas, and thus things not looking that great for this quarter, it doesn't really make sense that unemployment would be dropping.The Labor Department said Friday that the unemployment rate dipped to 7.6 percent, the lowest in four years, from 7.7 percent.
Well, there we go, the real reason unemployment has fallen in recent months: piss poor tabulation techniques!But the rate fell only because more people stopped looking for work. People who are out of work are no longer counted as unemployed once they stop looking for a job.
The true unemployment rate continues to approach 14%, but with all the "technicality" excuses for not counting people who want to work and would take a job if available but have sunk into a depression/funk because there simply are no jobs available, we all get to don rose-colored glasses and smile at the hope of a fictitiously descending unemployment rate.
And why are we so misinformed about the true nature of unemployment and the real rate of nearly 14%?
Recession - Wikipedia, the free encyclopediaOh well would you look at that -- unemployment is also tied to the definition of a recession by some, and if an administration can sweep the truth under a technicality rug that unemployment is really rising .. which it does by simply not even attempting to come close to counting all the ever increasing "discouraged workers" even in the obscure "deeper" formulas .. then we'll never know whether this definition has occurred!In a 1975 New York Times article, economic statistician Julius Shiskin suggested several rules of thumb for defining a recession, one of which was "two down consecutive quarters of GDP". In time, the other rules of thumb were forgotten. Some economists prefer a definition of a 1.5% rise in unemployment within 12 months.
Regardless of your personal pet recession definition, it's pretty clear that, if you read the article with which I opened this post, times are still pretty tough for scores of millions of Americans.
That's, of course, because the Obamas and Boehners have done nothing of necessary heroic state-of-emergency necessary action to get us out of the mess the recession -- which began six whole years ago! -- has placed so many American citizens in.
Instead of real and necessary effort to help American citizens get out of this mess -- by ending out- and in- sourcing and doing all we can to bring industries back to America -- we instead get bombarded with the hugely depression-causing counterproductive amnesty and legalization for 20 million illegals and the innocuous "gay marriage" oxymoron and spending tons on defense to keep the dreaded communists of North Korea at bay and ... all kinds of comparative meaninglessness.
As the record Dow combined with lingering nearly 14% unemployment shows, the "economy" is meaningless to the livelihoods of Americans when tens of millions of our jobs are still in the hands of wage-slaves of non-American citizenship.
As America continues to thus import third-world poverty as we export our jobs, the old methods of recession-measuring become irrelevantly obsolete.
All things relevantly considered, we're in a recession again now .. and until the true unemployment rate of nearly 14% gets drastically reduced, we remain in danger of the slightest Euro-nonsense plummeting us into a real depression.
Tick tock, America.
When the election is over and we open our eyes, it will sadly be too late to wonder what the hell just happened.
I can't disagree that the current path is failing, but you can't possibly think the current path is Obama's policy, the current path is a lack of policy because nothing remotely jobs related has gotten through Congress since 2009.
I don't know why you would call my assertions demonizing, it is simple fact, Republicans in Congress adamantly oppose the Keynesian policies Obama supports and Obama adamantly opposes the supply-side policies Congressional Republicans support.
My personal opinion is that the Keynesian approach is the best course so obviously I oppose the supply-side approach, but disagreeing with something is not demonizing it.