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Obamacare Strikes: Part-Time Jobs Surge To All Time High; Full-Time Jobs Plunge By 240,000
As a reminder: jobs have quantity and quality components. The quantity component was good enough to convince the 10 Year the taper is imminent (if not stocks, which continue to trade dislocated from any and all fundamentals). But how about the quality? In a word: not good. In June, the household survey reported that part-time jobs soared by 360,000 to 28,059,000 - an all time record high. Full time jobs? Down 240,000. And looking back at the entire year, so far in 2013, just 130K Full-Time Jobs have been added, offset by a whopping 557K Part-Time jobs. And there is your jobs "quality" leading to today's market euphoria (if only for now).
June full-time vs part-time:
And the divergence historically:
Source: BLS
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AND.AND.AND as MANDATED by ZeroCare these new part time employees who have no employer Ins programs WILL BE REQUIRED TO PAY FOR THEIR OWN INSURANCE 100%, so their meager earnings will be ass raped. All this from the fucking bastard DEMOCRATS who championed this abortion.
There will come a time when people ask themselves why they work. Additionally, every dollar going to energy or health insurance costs will directly destroy consumer spending. Main St will again be crushed.
Consider where this is going. When the notice comes in the mail to pay-or-play to low wage workers what will they do? Pay for pizza and beer, provide for their family or give Washington some money?
Once a lot of them refuse to pay the fine or buy insurance, how far are the Feds willing to go to enforce the mandate? Will they garnish wages or confiscate bank accounts? Will they alienate a large voting block?
So the PT or cash-only work force is where this is going right now. Expect more reports like the same soon.
The healthcare aspect of Obamacare is not even on the radar screen.
Like many predicted, this will remake America like nothing we have ever seen. All passed with single vote margins so we “could see what is in it”.
sschu
Acute observation SSCHU;
The American people aren't nearly as stupid as the corruptocrats and devolved, brain-bent, congresscritters think they are.
Join the underground economy. You can do better working part-time for yourself than working full-time for an international corporate behemoth.
Keep what you earn.
Hang the corruptocrats and the evil congresscritters who created this gorilla on our backs.
STARVE THE BEAST!!!
"The American people aren't nearly as stupid "
If that was true, we wouldn't be in this position.
They do champion abortion
Oh, is this the GREAT ROTATION the blowhorn was takin about?
Heh-heh, yup, out of our pockets into theirs.
This is funny shit. If we get a nice sloppy panicked bond selloff and end up at 3% or so on the 10yr you can really start kissing real estate goodbye. Oil looks like it's going to sit here, if not head higher.
They are going to have to have the next few macro data points come out horrendous to try to talk rates back down.
Idiots.
Even before the 10 yr spike when the rate was creeping up to 2.2% mortgage apps dropped to 19 month lows, I can imagine that even at THESE rates (2.4-2.6%) the numbers look even more like a bloody train wreck.
You would think, but it pushes forward a lot of buyers. My wife has two buyers that were being tire kickers to a certain degree over the last couple of months. This rate spike changed they and both made offers in the last week. Real Estate, while local, isn't dead at 5% rates. It will slow it down, it will take some time for the loss of buying power to be reflected in prices, but it won't kill it. Still loads of cash buyers. We are a small market with around $40 million annually over the last few years, but in the last week several were cash purchases, including one over a million.
Refi's are all but over I'd imagine. Anyone who could already did.
If the buyers have a lot of discretionary spending money, then they will buy now, because they can afford a few more bux in mortgage cost per month. But most people buy to their limit and that means their limit just lowered by $150 per month, and the only way that can be reconciled is by reducing prices of the properties.
RE will never be dead per se. There will always be a high end market. Distressed properties (or distressed property owners) will settle far lower than the market and move their properties.
Prices right now are being levitated by REITs buying in order to rent. 20% of the buying is from that source. IMO when that funding source dries up (and it will) property prices will PLUNGE.
Stay tuned now for news that Pelosi and co. are going to push through a bill declaring that all jobs must be full-time and making part-time jobs illegal.
That would read like a page out of Atlas Shrugged, and destroy the economy.
Given the track record of Obama/Pelosi and the Socialist Democrats in this country it would probably pass. Overwhelmingly.
On the first statement, destroying the economy of the US - if not the world - is part of the plan.
On the second statement, you forgot to mention the fellow-travalling RINOs, who are more interested in preventing real conservatives from getting elected than in effective government.
There are no Democrats....They are "COMMUNISTS!"
STARVE THE BEAST!!!
There are no Democrats nor Republicans....They are STATISTS! FIFY
STARVE THE BEAST
one of my friends is a nurse at a local (for profit ) hospital. she & the other nurses are crying that they are not getting enough hours, the hospital has gone to crap & some are even being fired. my area of the country has a community college with an excellent nursing school, top rated in the country, & that school has been pumping out nurses & medical field graduates by the thousands the past ten years ... is this called medical field employee saturation ? when i was growing up in the 1950's the local hospital was considered a community service & it only cost $2 to go to the doctor for an office visit. & in 1968 when my mom had her last child it only cost $364 to have a baby & stay 4 days in hospital..... we still have the bill to prove it.
Yes, it is very much like law school. The good schools have excellent pass rates when taking boards, but there is a percentage who never pass the NCLEX, just like those who don't pass the bar. The nursing program I attended 10 years ago has seen the graduating class size double twice in 20 years. The local CC now has a LPN/RN transition, lpn program, xray tech, surgical tech, ota, and pta programs. They only had the LPN in the early 90's. A lot has changed, now almost every CC is pumping out graduates. When I worked in a hospital we were usually understaffed and had contract workers coming in for the evening RN jobs. I seriously doubt that is the case now.
It isn't just nursing though, PTA, OTA, DPT, OT, xray techs, etc, are all being pumped out faster than jobs can be created.
I see the same thing here in the greater Cincinnati area. Tons of schools pumping out nurses techs, etc with a saturated market. This has destroyed any wage growth for those of us who have been doing it a long time. A side effect is that management treats us like shit since they know there is nowhere for us to go. I won't even mention the slide in work ethic of those coming out...
They are jelous in France...they are saying.."look at all that part time work.....so few hours and so much pay".....
ROFL Good one.
love how zerohedge is the only one that exposes the truth.
all these fools are prob walking around today saying '' mom, dad, the economy is picking up, did you see the jobs report, what a great number''.
this article was posted on drudgereport.
keep up the great work.
oh, you mean the website that hasn't figured out javascript and still uses basic HTML from 15 years ago?
So what?
If the truth is written down on a scrap of paper, it is still the truth. Now go get me my burger and fries, you loser Bitch.
Simple is better, jomama
As an example, see how Whitman wrecked eBay, allowing Craigslist with its simplicity to grow like crazy.
"My plan to destroy America is succeeding well, Master."
----Chalky
Liberals want government to take away personal freedom in every aspect of our lives except when it comes to two areas: sex and drugs (conveniently the two things that turn people into easily controllable idiots).
Every bill that liberals support, regardless of what 'poor, oppressed minority' they're claiming to protect, is always geared toward one thing: MORE GOVERNMENT CONTROL.
All of this has nothing to do with liberals and everything to do with business and their profit margins. They want to retain the same profit margin because theyu are earning less.
Obamacare has nothing to do with liberals?
the insurance lobby authored the bill, dipshit.
Face it retard....you voted for the piece of shit in office now......and he is fucking you in your ass....and rather than accept that you are a fuckig idiot, you make excues for your own rape.
Stay poor, you have earned it.
If you need a better job, go to a Republican's office to conduct your job search. The phone, fax, email, desk, copy machine, and fax should be at your disposal, and the Republican should welcome you with open arms. Republicans can't say tax cuts create US jobs. Politically, they've shot themselves in the foot.
Obamacare does have the advantage of putting the US middle class first. There's not a lot of Republican or private bank cartel policy that can match it.
WTF are you talking about?????
Putting the US middle class first? How about destroying the US middle class first.
You need to wake up to the fact that Obamacare is a massive wealth distribution sysytem that takes from the young and gives to the old.
The middle class is disintegrating as a result. Employers have X amount of money they can afford to pay out to employees. If a lot of X is taken up by healthcare costs, there is less of X left to pay out as wages.
But not to worry, Obama says that we can add 35 million to the insurance rolls, lower your premiums and increase the quality of your health care as the number of doctors drops as they leave a system overburdened with paperwork and intrusive instructions about how doctors can operate.
This is where X goes: http://en.wikipedia.org/wiki/Executive_pay_in_the_United_States
Neither the Republicrats nor the Demicans give a shit about the People or the Nation.
"Neither the Republicrats nor the Demicans give a shit about the People or the Nation."
Yes, and worrying about that is a waste of time, it's been that way my entire life, and I'm old. I don't want politicians to give a shit about me, I just need politicians to get out of my way so I can make a living.
There are few things as dangerous as a politician who professes to care about you.
Putting the Middle Class first? Only if your talking about a firing line.
Forward!
People rotating in and out of unemployment compensation too.
Back in the day I worked with guys who would work in the Summer, then "lose" the job come October so they could go on unemployment for the Holidays and so they didn't have to work in the cold weather in the Winter.
They shacked up with their "old Lady" and avoided marriage - more benefits that way - and this was in the late 80's.
It used to bother me, but now I think they had figured out something I hadn't yet.
Um, don't know how far "back in the day" is but generally, you need to work for a year to qualify for unemployment and "losing" your job can't involve you quitting or being fired for cause. So, yeah, your anecdote doesn't sound realistic, at least for this day and age.
Seasonal employment.
When I was getting unemployment, I could have earned $2,250 doing contract work or odd jobs, and would have been eligible for another 9 months of unemployment at the full amount instead of having it end. Ooops.
There are so many ways to game the system, and most have figured out the rules. If you haven't experienced it, you would not believe the incentives to not work and milk the teat. After the bailouts and bullshit I can't blame people for it; they have an intelligence and guile that the proud don't understand.
you're eligible for unenjoyment after 90 calendar days from your first work day.
Reason enough for rates to climb back up.
If they eliminated all the full time jobs and created 2 times as many jobs the stats would look fantastic. The Fed's unemployment goal would be beaten. Make up the difference with food stamps and welfare.
If I have a part time job shoveling shit, does quantity vs quality cancel each other out in that instance ?
Fucking Steve fucking LIESman not even talking about part-time versus full-time!
The he shows a graph of wages, down since '09, bouncing along the bottom since like a sinker on a fishing line, with a little bounce off the bottom this month, and he says "That is good for consumer spending. More money in the wallet = more money leaving the wallet."
You can't make this shit up!
I can't fucking believe it!
Wait! I can believe it, I just can't wrap my brain around lies and delusion this cosmic in scale!
AAAAUUUGGGGHHHH!
he did mention it briefly. this is the brave new world. it's sad for people who have to work the part time jobs. It really is.
They don't care about full time versus part time, Starbucks service sector garbage GDP versus real industrial growth, Wall St versus Main St., etc. It means nothing to them. In fact, they probably don't even understand it.
And Gold and Silver become the target of the courrpt cartel again depsite this abysmal report.
Dude, the time for gold and silver is over for now for a while. Who knows how long. Put your gold and silver away and start thinking about other ways to make money off of investments. That's what i am doing. I don't expect anything from gold and silver for a long while now. The us economy is picking up. There's no doubt about it. It might take a few years for the money printing to turn into a negative thing again. But the fed tightens, withdraws money from the market, it might not ever be a problem. the us can service its current debt if they keep the interest rates down.
(citation needed)
I think of gold and silver like a boat anchor. It keeps me from crashing onto the rocks when a storm comes.
Ugh. Where's a Keynesian Dutch economics professor to lick your balls when you need one?
He's at the IMF with his finger stuck in a dike.
Welcome to Walmart 15 hours
Welcome to McDonalds can i take your order 12 hours
Fill it Regular or Super ?? 10 hours
How many ounces? How many pills ? Priceless
The "I can tie my shoes and spell my name" folks on CNBC are not putting the pieces of this simple puzzle together!
Samsung and iPhone sales down BECAUSE THE ECONOMY SUCKS!
10 Year T-Bill spiking up BECAUSE THE FED IS LOSING CONTROL OF THE TITANIC!
Part-time jobs taking over full-time (and 195,000 is NOT a good number regardless) BECAUSE THE MIDDLE CLASS IS BEING TAKEN TO THE WOOD SHED!
Gold and Silver down because the paper playa's are putting their chips on a different gambling table IN THE CASINO!
PONZI!
that all may be true, but why isn't gold and silver going up then.
The paper PM playa's are moving their chips from the paper PM craps table to the Oil roulette wheel (or Healthcare stocks, of California Noodle, or AAPL).
NOW YOU KNOW WHY OBAMACARE was delayed for employers with over 50 employees.
Sell the BLIP took hold as people figured out that the number of full time jobs is contracting and part-time jobs skyrocketing.
Yeah. That's what I was thinking. This administration knew about this several days ago when it announced the illegal delay.
Young people tell me they don't want to work too much, so this new part-time economy seems to be just fine to them. They think Europe has it right, with 6 weeks of vacation yearly and a low-hour work week, most of which is spent on facebook.
If you took all the work required to run our economy top-notch and eliminated all the worthless financialization jobs, there would only be about 15-20 hours of real work per working adult. Even most who work full time jobs do not work full time. They spend a good deal of their time screwing off. I would be surprised if 20% of the population actually "works" full time.
Unless we reverse technology this is not going to change and will keep getting worse and worse. The only solution is a new paradigm. We need to make 25 hours full time work and have the pay equate to what is now 40 hours of work. Of course we will need inflation to deal with this properly. If we raise wages per hour by about 70% and allow prices to go up 30-40% that should provide a decent equilibrium. Lower classes will be doing better on a relative basis and the slave owners can continue to make their outsized profits. Our accumulated debts would shrink drastically on a relative basis as well.
Exactly. I'm a programmer. I do about 4 hours of real work per week.
"Exactly. I'm a programmer. I do about 4 hours of real work per week."
If that's true it's high time you started your own business, which is the only way to get anywhere for most people.
Assuming you care anything about your future, of course.
He's a programmer for the Department of Transportation, or Motor Vehicles, or Fish and Game.
More likely, he is the project leader for the Obamacare federal exchange.
By September, they're gonna be flogging 8 hours of real work a week out of him ... exceptionally harsh!
Nope.
this is what America is thinking
http://www.youtube.com/watch?v=eGD6O283ipo
195k jobs, even if there was a balance between full and part time, is kind of a meh number to start with.
not enough to even comp for new entries into the work force, anything less than 250k is just bouncing along the bottom, spinning the tires and avoiding contraction.
but this report is really just plain ugly, most of these "new jobs" are, of course, seasonal and will be gone by September. going into the red on full time shows the employment situation deteriorating despite the current administrations delay on full implementation of the wrecking ball that is obamacare TM.
a lot of people, looking only at the 195k print and not the structural weakness behind the number are going to be blindsided when the part time well dries up...part time is not a sing of growth and stability, in fact it's just the opposite.
take away most or all of those PT positions and today's print would have been apocalyptic and we would be watching a free fall instead of a rally right now. come September or November that's exactly what is going to happen...
rude, rude awakening just on the horizon.
Those statistics are no good. They don't show the part-time cash only numbers. That's the fastest growing sector in the economy.
If you can get get $40-$50 per hour it ain't bad.
"cash only" is a reference to the underground economy. If the underground economy wasn't functioning successfully, the U.S. would be in a deep depression.
Join the underground economy. Keep what you earn.
Stop financing our own destruction!
STARVE THE BEAST!!!
So, how do you "join" the underground economy? Sell your body or drugs?
Open a business. Sell Avon. Write off everything! After a couple of years of 'losing' money get into Amway. And lose some more for another couple years.
Bingo. I started a home-based travel business and wrote off all of my vacations (including meals) as "market research". My start-up cost was $500.
"If you can get get $40-$50 per hour it ain't bad."
To get that you must produce more than $50 an hour, plus produce the amount needed to pay for your healthcare. Can you produce at that level?
If not, your employer will lose money on you and have to let you go.
Sort of on topic concerning Obama and E.T. drone home.
NYU student Josh Begley is tweeting every reported U.S. drone strike since 2002, and the feed highlights a disturbing tactic employed by the U.S. that is widely considered a war crime.
Known as the "double tap," the tactic involves bombing a target multiple times in relatively quick succession, meaning that the second strike often hits first responders.
A 2007 report by the Homeland Security Institute called double taps a "favorite tactic of Hamas" and the FBI considers it a tactic employed by terrorists.
UN special rapporteur on extrajudicial killings Christof Heyns said that if there are "secondary drone strikes on rescuers who are helping [injured people] after an initial drone attack, those further attacks are a war crime."
The U.S. refuses to discuss the merits of its overtly covert drone program, but the reports featured on @dronestream clearly document that U.S. hellfire missiles have intentionally targeted funerals and civilian rescuers.
And that's only a 10-month window in Pakistan. It has happened in Afghanistan as well, and the first instance of "explicit intelligence posthumously proving" that an innocent civilian had been killed happened in Yemen.
In September the NYU and Stanford law schools released a report detailing how double taps by U.S. drones affect the Pakistani population, and noted that "high-level" militants killed only accounted for two 2% of U.S. drone strike casualties.
And to add to this thread current news on Pakistan that should be bullish for the stock market since their economy is in deep shit like the rest of the world with the caveat they have radical Islamists on the loose over there and nuclear weapons.
https://www.nytimes.com/2013/07/05/world/asia/imf-and-pakistan-agree-to-...
LONDON — The International Monetary Fund and Pakistan reached a provisional agreement on Thursday on a $5.3 billion bailout package that aims to bolster Pakistan’s flagging economy and its perilously low foreign exchange reserves.
The rescue package is expected to soothe Western fears about the state of Pakistan’s economy, which has slumped in recent years amid unrelenting Taliban violence and deeply rooted corruption that have shaken investor confidence. The I.M.F. package also would provide a tangible lift for the newly elected prime minister, Nawaz Sharif, who has already become bogged down by a seemingly intractable energy crisis.
The I.M.F. has an unhappy history with Pakistanis, some of whom are likely to see the package negatively. The last government failed to meet the terms of the previous I.M.F. package six years ago, and the country is still struggling to repay billions of dollars of that debt....
But Krugman would chime in that debt doesn't matter, print baby print. Their structural problems sound a bit like the US with the difference that radical Marxist Islamists are running the White House here. You know as Strafor part of the big club but you ain't in it candidly let slip loose the other day concerning Egypt " The overthrow of Egypt's moderate Islamist government undermines the international efforts to bring radical Islamists into the political mainstream in the wider (Arab and Muslim) world." Nothing like the Neville Chamberlain approach to a rigged political process. We get get fucked in the end no matter what.
http://www.zerohedge.com/news/2013-07-03/where-action-cairo-right-now
take this part-time, minimum wage job with no benefits, and shove it..
At least a part-time, minimum wage job is better than no job at all. With a part-time, minium wage job a person can buy more gold.
i can buy gold with those credit cards they send me in the mail. my billing address is now general delivery, costa rica, ca.
Tylers....can you please do an article today on withholding taxes? It would be interesting to see what the growth there is (Biderman probably has something as he has been promoting this metric for a long time).
My guess is that there is growth caused by increase in sub-prime lending (student loans, car loans, FHA loans etc), but that a significant chunk of "new jobs created" is due to employers trying to avoid costs associated with full timers.
CNBC serves a elite group of investors, my friend is one, when I point out items from ZH that are negative, his reply:"The markets would not be going up if that were true, you are fed lies and I am making money in stocks"
Tell him he is not making "money". Tell him those FRNs are "worthless", and only gold and silver are real money.
but he is making money. if he went and gave that money to a lexus dealer, they would give him a nice car in return. that's making money.
Work part time, under the table, and collect welfare. That's the Obummer way. Pay no taxes, get huge tax credit refunds and collect government aid. What a marvelous utopia.
Yes...I am an illegal, and I support 12 children in Mexico. Where is my tax credit?
I hereby call for a 1 week national moratorium on the purchases from any globalist corporation in protest of Washington D.C. (yes protest that the government break-up global monopolies operating in the US - including TBTF end the FED). One week that is all. It would make for an easily organized protest.
Great idea. Get right on it and let us know. I'm sure that will work just like those "don't buy gas this Tuesday" boycotts.
...and surgery centers are starting to move towards a cash only system of payment. No cash, no surgery.
Since Jan 2013.
Full Time: +80k
Part Time: +592k
Where can I find the monthly part time totals? I see the BLS numbers but only for the current month.
http://data.bls.gov/pdq/querytool.jsp?survey=ln
Just think how bad things would be if we didn't have an energy boom happening.
Texas total GDP growth last 5 years: 13.4% (hard for feds to stop drilling on private land).
California total GDP growth last 5 years: .3% (Dems rule CA, plus lots of public land)
Meanwhile, Peak Oil is so discredited that the Oil Drum Blog has just gone out of business.
CA has a lot of energy in the bank (ground). When they get desperate enough, they will produce it.
Meanwhile, Obamabots are touting the job numbers as a great sign. Go figure. And they don't seem worried about the delay in Obamacare. Because Obama is awesome or something.
The Oil Drum Blog was interesting during the BP spill, lots of great information there. Remember the guy who claimed there was a secret, second spill that would take over the entire Gulf, killing everything?
Good times...
Oh say can I work at McDonald's.
Meanwhile in Amerika, exactly who amongst the rubes gives a shit? Chalky's regime cares NOT for the young, who pay little or no attention to politics, but are going to be the chumps going forward for the old. As long as their i-phones work, everything is fine, and they will believe all the bullshit Chalky expunges.
http://vegasxau.blogspot.com
Hey, don't knock the young, their future has been sold to pay for my healthcare!
..................and mine.
Now tell Jr. to get back to work!
The only constant .... is the income/benefit gap .... between the Public Servant Oligarchs .... and the non-government workers .... widens it's crevasse .... like a glacier on crack ! Pun unintended .... but now that I see it .... I'll take full credit ! LOL
Liberals... We can make socialism work this time! YES WE CAN!
The 1,000th time is the charm ? LOL BTW: I'm changing my voter registration to Democrat .... today ! It wouldn't look good to change it .... the day before I apply for food stamps ? If every Republican registered as a Democrat .... wouldn't that fuck up the MSM polls ? Open the borders .... and overwhelm .... the Negro-Centric welfare system ? Let's get creative .... might as well .... we're doomed .... let's have a little fun ?
"I'm changing my voter registration to Democrat..."
There's a total waste of time. Register independent, deny both parties your additional number of serfdom.
keep on believing that puppet show is real, dumbass.
Bend Foreward
I am a part timer by choice, it's sort of my way of going galt. I wouldn't work hard in this collapsing empire if they put a gun to my head.
"I am a part timer by choice, it's sort of my way of going galt. I wouldn't work hard in this collapsing empire if they put a gun to my head."
Good for you, you understand that you are free and you are doing what you want. I did the same starting in 2009 when I could see what Obama would bring.
It has gone very well, even though I pulled the trigger a few years earlier than planned. My tax exposure is very low, life is simpler and much more enjoyable. No more rush hours, or getting rear-ended by dumbbells.
I spend less and live more. It's great. And young people are paying for most of my healthcare! That's the thing about big govt, you have to resist paying it, and take what it gives you.
Until it burns down. I'm ready for that too.
"Thanks to Obozo and the FED you now have a lost decade and a lost generation. Just like the Japanese."
Bullshit. The Fed, yes, but that bomb was planted in 1913. But Obama is simply the latest puppet. A new puppet awaits in 2017.
The only correct observation is that Bush and his crony banker cock sucking Republican lackies allowed a financial 9-11 to happen just as they had allowed the real 9-11 happen. Obama just came along to throw jet fuel on the still smoldering remains.
Wait ... I thought they were all puppets.
Do you all remember France had once proposed reducing the weekly total hours of full time jobs so that employers would need to hire more workers. That ended very badly. We're just going in through the back door.
If this weren't so tragic for the workers, I would take this opportunity to mention, yet again, that Obamacare is the worst piece of legislation ever written. Okay, I couldn't resist. Im sure when they "propose a smarter system", it will protect unions, Congress, and Hollywood from the rules. Unfortunately, everyone else will continue to be victims.
This is very clever that they delayed the employer mandate but didn't delay the individual mandate. So a full time worker without health insurance has to go out and buy it 1/1/14. Then the employer just starts paying the penalty in 2015. End of most of the paperwork, the employee has health insurace and paying for it, austerity as planned by the government.
What's wrong with paying for your own healthcare? I have for 40 years.
You can depend on someone else to pay for it, but then you have to take whatever they give you.
Not satisfactory.
Nothing wrong with that. You chose to buy it and apparently you have the resources. There are many who just can't afford it and go uninsured. Now they HAVE to buy it. No more choice. Insured or not, we all pay for someone else. The healthy pays for the unhealthy, insurance is socialized medicine. Maybe we should just cover our own medical bills? That's true market.
It did exactly what is was designed to do.
"Problem-Reaction-Solution"
Now, which stage is that Obama-care in? AND, what stage are the effects in?
What does it do?
Pens,
I do not think they saw this coming in 2008, 9, 10, or 11 as they pushed obamacare through, but the data has proven more than a statististical glitch. Can they admit that obamacare is the gravel in the gear box of this economy? No matter how much QE oil Bernanke pours in that crunching sound will not be muffled.
I think it is planned. They knew businesses would do what they are doing. It is silly sick predictable. I think they want everyone on desperate street. Much easier to control the masses when they are living hand to mouth.
War was declared, on the white middle class male in particular, quite some time ago.
I think it is planned. They knew businesses would do what they are doing.
Agreed. Single-payer has always been the goal.
Nails ? Aisle 7.
Cool. Where are the 4x4s to make their crosses?
Obamacare: Affordable healthcare but expensive cans of dog food!
Another house went to sheriff sale last monday. There is no recovery just a long slow roll to the bottom.
all of you are completely wrong...looky here!
it's cbs, it MUST be true!
http://www.cbsnews.com/8301-250_162-57592427/bipartisan-praise-for-june-jobs-report/
Indeed, and more new jobs on the way for the big government contractor Serco. This was just announced yesterday with HHS giving yet another contract out to verify eligibility for those applying for health insurance via exchanges. Serco has been slated as the biggest company that you have probably never heard of and their expertise is "intelligence" as they have a ton of military contracts and run air traffic at many US airports. I have links to all their contracts as stated on their own website.
http://ducknetweb.blogspot.com/2013/07/obama-administration-doles-out-ye...
This is pretty sad in a way as all this comes out as I think folks who really need health insurance and are the ones who need to use the exchanges might opt out just to stay under the radar as gosh knows how they will use their queries to re-query and so forth and what other established data could be connected that has already been developed by Serco. So new stats in the upcoming job reports I would guess. Again too bad individuals don't have similar options that big corporations exercise with staying under the radar like this example. I said way back in 2009 that we needed someone with a "little" tech or IT in their background to run HHS and sadly this is proving it as the government is technologically being checkmated more often than not.
http://ducknetweb.blogspot.com/2013/07/health-insurance-business-under-r...
The statistics at the "BLS" link given are not so clear regarding full time jobs lost and part time gained ytd. Author might highlight thos BLS stats or document his findings better....I have heard no major economists on Bloomberg cite this extremity..only the underemployment rate going up....last month looks bad..but there is pattern of fluctating back and forth ytd