Spent the last day and a half helpin my daughter.
Well, mostly, the government lies a lot... mostly.
Originally Posted by Ross
Let's start with this:
The Gooberment just released employment data yesterday. It's the usual crap.
They said unemployment remained steady at about 5%.
Actually, at the point of the last crash - 2008 - it was at about 13%. Today it's between 18, and 23%.
They've been diddling with the way they decide someone is unemployed for about 20 years, now. And after a period of time, they just take you off the list - classify you as "not wanting a job".
A couple of telling observations by David Stockman:
"Namely, that outside of health and education there has not been one net new job created in the American economy since July 2000! Yes, not a single new job—as in none, nein, nichts, nada, zip!Most of the jobs have been created in the Health, Education, and Service sector (HES).
And, the US economy has been losing breadwinner jobs at a rate of 18,000 per month for 14 years running."
The Service end, you can almost throw away. Avg wages are in the $20k/year bracket. No benefits. These people will not buy new cars, new homes, send kids to college, etc. Neither do most of them wind up paying taxes.
This leaves the "HE's". Most of them get their money from government. This makes them "tax eaters", who pay some back in taxes.
Last month the Gov't said employment increased by 156,000. 1st off, between 50,000 & 60,000 of those area "guesstimate". They go look at how many new business started up, then throw a dart to see how many ppl they hired.
Basically, it's all a crock of ****, made to look good. So much for employment.
Bingo! Adam wins a cookie.
Originally Posted by Adam Bomm
90% of our current woes, are provided as bonus, by the myth of Keynesian Economics.
Back in a bit with that.