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Labor Participation Rate Drops To Fresh 38 Year Low; Record 92.9 Million Americans Not In Labor Force
Another month, another attempt by the BLS to mask the collapse in the US labor force with a goalseeked seasonally-adjusted surge in waiter, bartender and other low-paying jobs. Case in point: after a modest rebound by 0.1% in November, the labor participation rate just slid once more, dropping to 62.7%, or the lowest print since December 1977. This happened because the number of Americans not in the labor forced soared by 451,000 in December, far outpacing the 111,000 jobs added according to the Household Survey, and is the primary reason why the number of uenmployed Americans dropped by 383,000.
And another chart that will not be mentioned anywhere: the Civilian Employment to Population Ratio: at 59.2%, it is now unchanged for 4 months in a row.
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Just another day in this Recovery
Layoff / Closing List: http://www.dailyjobcuts.com
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Fuckin' GREENSHOOTS bitchez!
https://www.youtube.com/watch?v=IGYaFMFU63U
So let me get this straight: A smaller percentage of the population is working, and they're making less money.
What could go wrong?...
Complete and total financial collapse..... Oh wait... you asked what could go wrong.
They decide that everybody should have at least 2 years of community college educaiton because we don't have enough PhD's flipping burgers?
Seems like a good time to look back at the last time we had a "green shoots" economy.
https://www.youtube.com/watch?v=Y7ZN2F_7K7U
... lol ... that guy with a baseball bat reminds me of the saying ... "it's true you could make lemonade but if life dealt you melons, you could be dyslexic ... :)
I think you mean *too many* PhDs flipping burgers. At least if you went to CC, for free, you won't feel you wasted any money if you end up flipping burgers. Whereas if we have too many people with advanced degrees flipping burgers it's a tell-tale sign something is seriously F'd up with our economy. And the gov doesn't want the people figuring that out.
So what better than a distraction to make it look like they're doing something productive. Not that I have anything against CC - in fact, it's a place to figure out what you really want to study without blowing a lot of dough. And sometimes the teachers in CC have a lot more real-world experience than tenured professors in 4-year colleges who have been insulated from the school of hard knocks.
Really what we all need to learn is how to assist the robots in making all of our jobs go away - because that's what the future holds.
Full unempoyment should be a Government's/countries only aim/job!
Quick! Somebody get Marc Chandler (AKA Marc to Market on ZH) of Brown Brothers Harriman on the line and have him remind us how strong the USD is and how great our recovery truly is. Help us, Marc. You're our only hope.
Precisely, and he'll do it dryly and without passion.
forget this statistic and show us the Personal Income Tax Receipts....that tells the story.
That does seem to indicate the S&P500 companies should have an even better year in 2015 as more individuals who actually work will have more of their money transferred involuntarily to the FSA to be spent on drugs, booze, Doritos, big screens and hookers.
1978 population at 222 million
2014 population at 316 million
the math---------= 94 million
2014 not in labor pool 92 million
HHMMMMM
all we need are some rate hikes and we can enjoy the wonder years of the Carter era again... yay
Rate hikes? Wont happen, only very modest and short-term if at all. Think "sovereign debt service."
We dis-incentivized some folks...
Our propaganda isn't working anymore on some folks.
Bbbbbbbuuuuuullish!!!!
</s>
Liarman on CNBS can't figure out why participation is so low and wages are falling. Hey dumb fuck, people are forced to work multiple part time jobs thanks to zero care and we have a never ending flow of cheap labor coming in from the south.
And offshore outsourcing to the east.
the world is replete with cheap manufacturing. Clinton and company made it legally nice and easy for companies to ship production work elsewhere. Off shoring and internationalization of companies has been happening for many years. That's a hit to america, which had been the world's manufacturer since wwII.
Thank God we're debt free and winter is mild!
Yeah, but Clinton's actions pale in comparison to Greenspin's funding of the whole endeavor.
Magic Checkbooks, FTW!
Am out and laying low, because i do not want to feed the corrupted machine anymore, am sure am not the only one with this reasoning..am withdrawing from slumber land.
I want to LIVE!
SECESSION FROM THE BEAST?
I would be participating if only my rapper career would take off
send bigger bags of weed and blow with your mix tapes when you send them to reviewers and distributors also make sure to send a nice thank you note when you get a good review
Never hurts to put a cap in some big name producers ass, great publicity and the jail time will make your career have street cred.
Just dont look at the not seasonally adjusted...actually lost jobs.
<= This is my shocked face.
you are the Picasso of ASCII
Yep bullish. More QE coming.
Expect Yellen or Bulltard to talk about it to boost markets.
Continued printing of trillions to monetize debt.
Larger US deficits.
Infinite debt model. Zimbabwe economics.
i think they are going to go kamakize and raise rates
Not until the next 9/11 comes along to provide adequate cover, is my guess.
But given I wasn't born a card-holding club member, I haven't a clue as to timing.
At least they're not unemployed, that would be bad.
That made me spit out my soylent green all over my monitor.
That crap gives me the runs. Maybe mine's made from Mexicans?
What flavor? Regular, Nacho or Curry?
Thanks, I needed that.
.
Fucken A, bro. This is the path to full employment!
Does smack addict admit they have a problem, or do they keep pumping in the shit and die in a toilet stall, thus successfully avoiding personal crisis?
Elvis was not a smack addict. He liked booze and pain meds. And he died on his own commode.
lol, I would not have made that connection, occupation GI blues, no?
The King died on the Throne.
He had heart disease and was massively constipated from the opiates. a couple of exlax could have saved Elvis, he was full of shit - just like CNBC.
everybody goes sometimes but elvis went while he was going.
Elvis is DEAD? Fuck i'm more outta touch than Obama.
P.S. Knukles Elvis was a 'snack' addict.
I'm thinking "dying in a toilet stall" is a good example of the ultimate in "personal crisis."
Maybe for significant others.
Habits can naturally decline and lose their ground as they grow successful and destroy their ground in the doing.
The current situation is one of intelligent people who gamed themselves, living at the expense of silly people. Silly people can no longer sustain intelligent people, led by US citizenism, in all their mistakes.
But hey, propaganda is vital to US citizenism and everything that can help confusing is welcome.
I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.
Don't know if my ticker can handle all this good news spewing out of .Gov.
WTFUD, Ditto! I will gladly donate 1 acre of land for 535 heads on pikes. Admission to enjoy the display will be free of charge.
I'm totally into this number - I was thinking it was time to take money off the table, but this makes me think it's time to load up. Embrace the horror.
And I thought it was just me not participating given we are at full employment. Why in the world did Obama lose the senate?
Would be interesting to overlay these charts with France, Germany, Italy etc...France's chart will tell us where the US will be in 20 years..
Optimist.
Medical complications.
The economy is doing so well....that.....just in the first week of 2015, 11 companies (some outside US) have come out swinging to cut jobs:
US Steel
SCB
Macy's
Coca Cola
Mcdonald's
JC Penney's
Tesco
Caterpillar
Bombardier
Bath Iron Works
Maximus Boise Call Center
That is not including our friends in the oil and energy sector (like Halliburton, Schlumberger, Civeo etc) who have fired in their thousands over Christmas and more are yet to come:
Oil industry facing a year of cuts and job losses, Moody's says
There goes the demand for oil.......USD 10 per barrel of oil...here we come....ok...maybe 20...
Buy SCO (double short on oil) if you want to make some money. Do it with Stop loss and you will be just fine.
And one more bunker fuel supplier in Belgium went bust just hours ago today, for a piddly USD 10m-20m...and the corporate owned, heavily censored and totally controlled MSM say Russia and Iran are in trouble...hahaha
Belgisk olieselskab trækkes ned af OW konkursen
http://borsen.dk/nyheder/virksomheder/artikel/1/297239/belgisk_olieselsk...
It's in Belgian so please use google translate.
The link's in Danish, retard.
PS The Belgians speak either Flemish (Dutch) or French (there is also a small German speaking minority).
Thanks, Flemish it is. It did come to mind but then I typed it away, anyways....
You ain't NO fucking lady, now part them ass cheeks.
Next meme; Get to work non-participants!
Notice timing of O'Bummer's free junior college pronouncement.
Not working? No problem. Goober mint will send you to JC for free!
Does it matter if you show up for class? No, cuz you ain't payin for it!!!
Hopium.
I have nothing against community college as a way to improve one's skills. Having .gov give away 2-year stints isn't a particularly good idea due to the inefficient allocation. People who have to pay nothing for it are likely to over-consume without carefully evaluating the weighted pay-offs.
Opportunity cost Bitchez.
The more you play the less you pay!
The 2 year JC works out for Obama's party. Just in time for election.
More layoffs and off to the JC for a couple of years.
Didn't take long to get Fed's Evans on the TeeVee saying that rates will stay low for a loooooong time (buy stocks you fools). What a fucking joke.
What's that term Charlie Sheen used with manic passion?
Warlock Tiger Blood
as long as negative interest rate money can buy back stocks...we don't need no revenue...market ramp to Zimbabwe or Google which ever is higher!
The Federal Reserve saw how Zimbabwe's stock market shot up. They want the same.
QEing continues with even more money this time.
So a large part of the population is living off their 401,IRA, pension, hobby job or parents and the GDP is growing at 5%. This has got to be the most incredible RECOVERY ever.
This is just the beginning, Tyler. It will never get better. We are at the beginning of a new era. Don't you feel it? Aren't you exited? The Second Machine Age has begun. In 10 to 15 years - doctors, lawmakers, pilots, cab drivers, truckers, teachers, journalists, cops, nurses, burger makers, translators, security workers, bank tellers, bloggers and almost anybody else - well, we don't fucking need them anymore, okay? A machine can do all of these jobs. Ever heard of Deep Learning? It's coming, folks. But fear not. We will still need Engineers, Coders, Hookers (male/female), Porn Stars, cat wranglers, politburo members, economists, entertainers and hedge-fund gurus.
BTW: Don't become a drone pilot. The US government is already determined to minimize the Drone crew. They are working on it. It's too expensive, ya know (2015 Springer Handbook on AI). I am actually very optimistic. I think we won't need any human supervisor on these drones in 8 years. Isn't that great? The Drone will make decisions on the fly.
The future just will be awesome. We will have a Dow 40,000 by the end of this year. And this year already started with a bang. Great times.
Yeah, Venezuela's stock market just keeps shooting to the moon as well. The "folks" don't mind 63% annual inflation a bit...
Come on. Don't you too want to earn 10.000 Dollar per hour? Wouldn't that be fantastic? What a great society that would be where everyone is earning at least 10.000 Dollars per hour. So whose taking the Crazy Pills here?
Vylahkinnen
"We will still need Engineers, Coders, Hookers (male/female), Porn Stars, cat wranglers, politburo members, economists, entertainers and hedge-fund gurus."
You left Gunsmiths off of your list. I think they will top the list.
That's a different list.
3d printing laid off the gunsmiths. Hookerbots killed the sex trade and Algos killed the economists. Cat wranglers replaced by green screens and CGI, who the fuck needs real cats anymore?
The one thing we can't do without is suckers paying tax to the government, so the government will hire everyone and they will pay taxes to the government on their wages. the government will borrow the money from the fed for the wages, and the fed will create the money from electrons.
what could go wrong?
Ha! I told them my new job as a cat wrangler was a promotion over my last job!
This headline was not from The Onion, but Marketwatch
‘Amazing’ jobs report, apart from wages, economists sayPublished: Jan 9, 2015 9:04 a.m. ET
Marketwatch, The Onion, CNBS, they're all the same ...
the only reason i check out MW is to watch the ticker tapes. otherwise, it really has turned itself into HuffPost, CNBC, MSNBC. It's a clown show, with a variety of leftwing leg humpers, par excellence.
It's one big, endless trip to Disney, where all your dreams come true
Well, it is pretty amazing the amount of disconnect it takes to promote these numbers with a straight face.
Were all those employees fired or laid off or do you understand the difference ?
semantics. in 26 weeks your still boned.
Wow, with such a low participation rate and falling, it's a good thing unemployment is dropping! Makes sense to me. How about you?
Is anyone left , still rowing this boat. It doesn't seem like we are moving. I don't feel the wind in my hair !!!
You're just matching the current trying to paddle against the inertia of the swirl around the toilet bowl. Stop paddling for a second, and you'll soon notice that you're suddenly moving backward at an increasing speed.
I am one of those and am not going to work in the traditional work force again. You are just a slave to them for taxes. I say, no more.
We are Japan now.....just getting older and more on welfare or pensions...
What difference does it make now?
This news is nothing because Obama just proposed free community college up to two years! Hooray! And the best part - it's FREE! It's not like anyone's really going to pay for it or the costs will skyrocket once the teachers' unions realize they can bill the government in an unlimited fashion.
Next up, student loans and mortgages paid off!
This is the greatest presidency evah!
I'm gonna take computer graphics and art so I can create diplomas for my compadres. 2yrs of fuckin off and a great degree? where do i sign up?
Is this a bone for all the laid off college teachers or is this a bone for the text book publishers?
didn't the 60's revolutionary movement start on college campuses? Can I open a local chapter of the SDS at a community college?
warehouse the out of work on college campuses and kick the can down the road 2 years, brilliant political strategy.
what have they got planned for 2017? 4 year degrees?
meh...the labor camps will take care of thse slackers
Get to work non-participants!
nearly one third of americans are not working. I hope the fuck they are building guillotines.
Nah they are too occupied with getting high and drunk at the moment.
*Facebook
I just liked you - yer page is awesome. who's the naked dude with the monkey?
It's actually worse than that. Total population aged 15-65 is only 207,250,341. So really 45% of working age folks are not working.
http://i.imgur.com/4rjNJPj.png
Total recovery though. Green shoots and unicorns for everyone!
The not-seasonally adjusted story is far worse. Those not in the labor force rose to a new high of 93,506,000, at an increase over November's number by nearly one million people.
The December 2014 participation rate dipped to 62.5%, putting us right where we were at the beginning of 2014.
Additionally, the number of actual employed fell by 476k. Holiday season hiring turned to firing early.
http://www.bls.gov/news.release/empsit.t01.htm
"Ho ho ho. You're fired."
Age breakout for participation rate is out. 65+ held steady, all other cohort groups lost participation (NSA).
"Get off of my wage-earner lawn!"
Poor old bastards, just trying to hang onto what they worked for all their lives. A great example of what's wrong with the US. Congress is deaf to it.
Trying to understand how this low historical labor participation rates can fit together with record tax receipts at the treasury.
Lots of insiders selling shares and paying cap gains taxes
I think some of the record taxes are due to the Dow and S&P performance, Billions get cashed out and taxes paid on the gains (Rolls Royce had best year ever). A lot of high end Realestate has been sold with taxes paid over the protected threshold. Plus we WERE pumping a lot of oil. I bet they are hoping Obama Care brings in the Tax penalties for 2015. After all Roberts called it a TAX.
There was another article recently, I wish I could remember where I saw it, I'd post the link. It basically stated that over history, the percent of actual taxes collected vs GDP was actually fairly constant. But I'm guessing this present bump in tax receipts you're seeing are part of the QE loop, basically empty dollars, which they seem to be getting really good at lately.
Like it or not, I'm doing my part by withdrawing funds from my IRA. I'm retired and collecting Social Security and my wife still is employed. As a result, every time I take $100 out of my IRA our taxes go up $30. That's a 30% marginal rate, even though we are supposedly in the 15% tax bracket. Why? Well, my social security is taxed according to our income, up to a point. The more I take out, the more SS gets taxed. Way to go, DC. Watch this get worse as more people are retired. Of course my congresscritter, a female Democrat, has thanked me for bringing this to her attention while she continues to do nothing to help a major part of her constituency.
Why work when you can go to college.
You misspelled Kolledge, ryhmes with knowledge - its where you gets schooled.
I cant decide whether to vote for hilary or jeb, Hilary's offering a 4 year degree and Jeb says I can study at home and get a Masters.
What I really want to do is go to school at Starbucks and get paid for downloading porn, but I can't get a job at the SEC unless I know somebody and am a registered sex offender.
Imagine if the Dow( the new social security) tanked and all the non particpators lost their IRA, 401, Corp. retirements. Bond portfolios dont pay anything now. All up to the Dow to keep everyones retirements intact. Unless you're covered by Govt pensions and they will just raise taxes to cover themselves.
And tax who? Themselves? This should be good. And if equities are the only source of people's retirement, what will happen to the prices of stocks as people sell them off for the cash they need every day? Run the printing presses to replace it all? ZH readers know the markets are in for a pile of whoop ass soon. I just can't wait to hear the whiners who never saw it coming. My standard answer to the whiners: YOU VOTED FOR IT.
This is now worse than the 1930's depression. People on food stamps has doubled in 6 years to 46 Million.
47.6M in 2013, officially, so likely close to 49M now.
However they are about to kick 1 million off the program to make room for all the illegal amnesty aliens.
I wonder if I could renounce my natural-born citizenship (you know, the kind once needed to be president, but now ignored when it comes to Obama, Rubio, and Cruz) and declare myself an illegal alien. Can I then get even more freebies from Uncle Sam (who's acting more and more like Uncle Joe - Stalin, for the clueless - these days) and actually have someone in Congress represent me (which apparently doesn't happen for most real citizens these days)?
Maybe some of the writers of articles for ZH could do one on this. Like "10 Reasons For Becoming An Illegal Alien", or "Six Charts Showing The Advantage of Being An Undocumented Immigrant".
Americans must have a low deserve level. Ask people how POTUS is doing, you still get an overwhelming approval rate considering the reality. Maybe nuclear war would bring it down five or six points, or having to sleep outside for a few weeks because they lose their house to foreclosure. I don't know. I think there's a lot of permanent damage out there between the ears. If TV says we're doing fine, it must be true.
Inevitably some talking head will attempt to explain away the low participation rate by trying to tell you that seniors are retiring and leaving the workforce. They are confident you wont take the time tonlook at the BLS stats that show 55+ employment being one of the strongest growing segments of the workforce. How the fuck are you supposed to retire with interest rates near ZERO?
You are correct. And, this should be further evidence of how poor the economy is. The senior population is working instead of retiring, for a variety of reasons (they have too much debt, too little savings, too little income on savings, etc...) AND, the new graduates coming out can't find any jobs... to pay their new college bills.
That 5.6% UE is a complete joke. Things are not getting better, they are getting worse.
Funny, I'm getting to the period in my life where I'm too young to retire, but (based on the past) too old to shift jobs/careers. But instead of having to worry about being run out of the workplace, I'm now one of the last desirable age brackets for employers before they have to hire adult children with little to no concept of work being anything but adult daycare.
For example, I unpacked a bag of groceries my wife brought home last week to find that the bagger had placed two packs of shrink-wrapped chicken breasts in the bag on their side, on top of some fresh produce. Luckily they hadn't leaked yet, but you really have to marvel at the apathy it took to pull off such a trick.
I'm assuming I'll have no choice but to use self-checkouts within the next 5-10 years in order to ensure they don't kill me.
I believe people are in fact retiring in droves. Many who are at least 62 are taking their Social Security and calling it quits. But, I cannot see why persons receiving a pension, retirement check, disability or SS, would be counted in this survey? Also, if you retire you have left the workforce and created an opening for a younger person, who then gets hired, so it should be a wash. The only negative would be when companies decide not to fill positions, which may be happening a lot.
The new jobs do all seem to most all be the low-paying service types. These people will have to adjust their expectations downward, such as a moped or small electric vehicle instead of an SUV, or a tiny apartment in town instead of a suburban 4000 sq ft McMansion. Is that so bad? It is greener and it is how 90% of the rest of the world lives. If not, they can adjust loose credit accordingly, car loans could go to 15 years, and mortgages to 50 or 75 years, etc. The lower payments would allow for maintaining the current lifestyle. I doubt most people would even care about the extended debt enslavement, they don’t now. Win-win. The bankers would love it.
but greenshoots?
With this I would like to see what percentage of the civilian labor force are government employees, and I'd like to see a chart of it's growth during the last 60 years. A quick search didn't show anything.
As well as civilian jobs that rely upon government contracts.
.gov money accounts for up to 35% of some county numbers but 25% is the minimum number. .gov is everywhere.
they fed budget has been extensively used for the past 40 years to expand state budgets with federal mandate programs and other subsidies for other parts of local .gov to federalize the control of these programs. add pensions and the "lucky" military towns and the number goes higher.
As "San Fran Nan" once said: "ObamaCare will give the American people a chance to be poets and artists and not have to worry about healthcare when they choose not to work." Rejoice Sheeple! Gosh, I see poets everywhere now in Amerika!
www.traderzoo.mobi
Great. I was just telling the wife, what this country needs is more poets.
The Government Show: "Where everything is made up and the reports don't matter".
So how many Boomers retired? That would be another helpful statistic.
I know many who are afraid to retire, as losing their health insurance puts them one illness away from bankruptcy.
I'm a Boomer and started a new business. Too old to compete with today's college kids who will do anything for three grand a month. You folks think we're supposed to walk off a cliff somewhere so that wages and jimmied stats from the BLS will be more in line with expectations? It the ECONOMY stupid.
Would it count if a Boomer's job moved to Wisconson and the Boomer wasn't invited to accompany the job? That's what happened to me just before I turned 65. Being already in Florida, I figured why go to Wisconsin and freeze when I can stay in my comfy home in Florida and become part of the FSA? Keep working, friends, someone has to pay for my SS and Medicare.
The toll of immigration on native born American whites has been enormous. Which shows that the RNC and DNC are both EVIL. Not counting all of the DISCRIMINATION against whites in employment and education and government programs.
Since 2000, All Employment Growth Has Gone to Immigrants
U.S. Immigrant Population Record 41.3 Million in 2013
Is Immigrant Displacement Of American Workers Accelerating?
Legal Immigration—The Bigger Problem July 31, 2007
Wait and see the impact of the newly Amnestied illegals utilzing the "Immediate Family" loophole(the influx will be huge. No doubt minorities have taken many jobs due to affirmative action. I have seen more hispancis get accepted to high end positions to create the multi cultural vision. Whites will be the minority very soon. The discriminated are middle aged white males yet women cling to the notion they are not represented. A friend gets many State contracts cause he says his company is female owned and the County must provide work to minority owned businesses. Unbelievable that a female owned company would be considered minority today. His entire business thrives because he portrays that it is minority owned.
What I find odd is that around where I live (north Georgia) I suddenly see many hispanic couples with 4 children walking around Walmart especially end of the month. I guess it is amnesty.
Discrimination against white middle-aged males got me back in 1991. The (computer) company for which I worked at the time, an international entity, was in negotiations to be taken over and apparently had to both downsize and adjust the demographics. In my corner of the country, of the ten people I knew who were let go, eight were in the aforementioned category and each had a decade or more of service with the company. The other two let go were two recently hired young ladies. At least one male negotiated an "enhanced separation package", with the promise that he would never divulge it. As Jimmy Carter said - and it's one of the few things he ever said that I agreed with - 'Life's not fair".
Was there a question about where consumer demand went to?
I just was watching the local news. They told me that this is the best month for hiring in 15 years. That the experts indicate that this shows the economy is improving.
Don't know why everyone is so down, on this thread.
Where are they hiring? Feel free to grab that minimum wage gig and try to support a family. Get on the phone and let us know where those great jobs are in your area, I'll send my kid your way.
Super dry sarcasm....sorry for the confusion.
Was more about my ongoing diatribe against TeeVee...turn it off.
GREEN SHOOTS!
Green shoots, or gets shot, I'm confused.
https://www.youtube.com/watch?v=Mx2ncAN3-3k
>>>>>October crash this year (historically a good time for one)
>>>>>DOW 20,000 and Obama gets a third term
Which happens first?
Obama would have to issue an executive legislative order allowing himself the opportunity to get a third term. Congress would never pass such a bill, nor would sufficient states approve it. Besides, Billary would be outraged and Obama might end up in some DC park.
I admit it. I am not in the labor force any more. Just retired in December. So +1 for their number.
When I was younger everyone thought technology would bring in an era of massively increased leisure time.
Machines would do the work and the human race could relax.
Instead it seems to have created:
1) A super rich global Aristocracy
2) A small group who are doing well, but have never worked so hard in their lives.
3) A burger flipping service sector with tedious low paid jobs.
4) The unemployed who have loads of free time but no money to do anything with it.
It hasn't quite turned out as expected.
got to keep the loonies on the path.
The lunatic is on the grass.
The lunatic is on the grass.
Remembering games and daisy chains and laughs.
Got to keep the loonies on the path.
The lunatic is in the hall.
The lunatics are in my hall.
The paper holds their folded faces to the floor
And every day the paper boy brings more.
And if the dam breaks open many years too soon
And if there is no room upon the hill
And if your head explodes with dark forebodings too
I'll see you on the dark side of the moon.
The lunatic is in my head.
The lunatic is in my head
You raise the blade, you make the change
You re-arrange me 'til I'm sane.
You lock the door
And throw away the key
There's someone in my head but it's not me.
And if the cloud bursts, thunder in your ear
You shout and no one seems to hear.
And if the band you're in starts playing different tunes
I'll see you on the dark side of the moon.
"I can't think of anything to say except...
I think it's marvelous! HaHaHa!"
OUT freaking SOURCING
Number One: If you go by the REAL statistics: We are at Depression Level Unemployment
Number 2: Wages Have Dropped 23% Since 2008
3: ALL Employment growth Since 2000 went to IMMIGRANTS, taking middle and high level jobs as well.
4: 1/3 of all jobs are TEMPORARY. Here TOO.
5:October Layoffs 68% in October, Worst rate in 5 years. Only can be worse now with the shale industry layoffs...
6. Americans ages 25-54 are LOSING JOBS, while those over 55 GAINED jobs, comprising 22% of the workforce.
See the picture? The middle class is systematically being DESTROYED. We had a silent coup, and it is being played out right in front of our eyes.
Truly an indication how successful Oblunder has been.
Don't discount him. He has done exactly what he set out to do.
If you agree with his beliefs about capitalism (negative) and socialism/communism (positive) and getting back 'at the man' (hypocritical on so many levels) - he has been rousingly successful.
Not so funniest thing about him, first black president in the country has enslaved so many...