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"They Just Don't Want A Job" - The Fed's Grotesque "Explanation" Why 94.6 Million Are Out Of The Labor Force
In a note seeking to "explain" why the US labor participation rate just crashed to a nearly 40 year low earlier today as another half a million Americans decided to exit the labor force bringing the total to 94.6 million people...
... this is what the Atlanta Fed has to say about the most dramatic aberration to the US labor force in history: "Generally speaking, people in the 25–54 age group are the most likely to participate in the labor market. These so-called prime-age individuals are less likely to be making retirement decisions than older individuals and less likely to be enrolled in schooling or training than younger individuals."
This is actually spot on; it is also the only thing the Atlanta Fed does get right in its entire taxpayer-funded "analysis."
However, as the chart below shows, when it comes to participation rates within the age cohort, while the 25-54 group should be stable and/or rising to indicate economic strength while the 55-69 participation rate dropping due to so-called accelerated retirement of baby booners, we see precisely the opposite. The Fed, to its credit, admits this: "participation among the prime-age group declined considerably between 2008 and 2013."
And this is where the wheels fall off the Atlanta Fed narative. Because the regional Fed's very next sentence shows why the world is doomed when you task economists to centrally-plan it:
The decrease in labor force participation among prime-age individuals has been driven mostly by the share who say they currently don't want a job. As of December 2014, prime-age labor force participation was 2.4 percentage points below its prerecession average. Of that, 0.5 percentage point is accounted for by a higher share who indicate they currently want a job; 2 percentage points can be attributed to a higher share who say they currently don't want a job.
And there you have it: there are nearly 100 million working-age Americans who could be in the labor force, but are not "mostly" because they don't want a job.
Nothing about the lack of job demand as mega corporations continue to lay workers off in droves instead of hiring, instead using every last dollar of free cash flow to buyback their own stock to boost executive compensation instead of growing their company and hire more workers.
Nothing about the collapse in small business formation - that driver of 80% of US employment - as firm exit rates are now greater than firm entry rates
Nothing about the inability to get a job in a world in which the rest of
the global is lapping the US in educational and labor skills.
Nothing about the US economy never having left the post-2008 depression where $4.5 trillion in Fed credit was created just to boost the S&P to all time highs and never making it to the actual economy (until the helicopters finally start paradropping of course)
Nothing about millions of aging, 55 and over, Americans refusing to retire or quit their job simply because they have no return on their savings to fall back on thank to the Fed's ZIRP, thus keeping the labor pipeline clogged and preventing younger Americans from getting promoted and achieving better paying jobs.
Nothing about a Millennial generation encumbered with $1 trillion in debt, that is so terrified of its job prospects and having to pay down its debt, it choose instead to keep rolling and piling on to this debt by remaining in college indefinitely
Nothing about the perverted incentive structure of a welfare state that makes it more attractive to collect generous government handouts which end up punishing hard work.
None of that.
You see, it is because Americans "mostly don't want a job."
And these are the pompous academic "intellectuals" who are supposed to micromanage the US economy. But how can they fix the biggest problem facing the US economy when they fail to even accurately diagnose what the problem is?
Which, incidentally, is why the same old Fed tools will be used and abused in hopes of kicking the can down a few more months at at time, be it QE 4, 5, 100, or ever more negative rates, both of which are coming.
How long will this continue? Now that is a very simple question: it will continue until the dollar loses its reserve status, just like the pound before it, and the livre before that, and the guilder before that, and so on.
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No, Atlanta Fed...
Americans don't want to be the slave bitch of the Fed.
Is this the "official" Gov't participation in the labor force statistics, or the labor farce statistics?
Just curious...
That World Reserve Currency chart looks like a stairway. It's so easy to picture the Rothschild Dynasty and their predecessors triumphantly climbing it from sucker country to sucker country.
Just for reference see US, France, Germany, Japan labor participation rates: Seems we are joining global parity.
http://www.multpl.com/france-labor-force-participation-rate
http://www.tradingeconomics.com/united-states/labor-force-participation-rate
http://www.multpl.com/germany-labor-force-participation-rate
http://www.tradingeconomics.com/japan/labor-force-participation-rate
Not that it helps anyone get a job.
We have yet to catch up with the French...
Why would they want a job when they're being paid to not have one.
All FED explanations for why everything is total shit can be summed up in the following statement:
"It's not our fault."
95 million Americans that don't want a job. Among them, plenty of good men that see no need for a job.
They're trying to free up their time... to devote to Project Mayhem.
Why fucking work when you can get paid and get food and free shit and do whatever the fuck you want with your free time. Face facts, the free shit army won the war and the politicians they've elected are in control. It's over. Full retard depression and collapse for the US. Possible Russia/China EMP or electric grid takedown and game over. We don't have a President and Congress with the guts to fight anything. Hell is on the way.
Did you have the guts to fight all the jobs being sent overseas?
that would have been epic (your reply) if your .gif ended with the words "mad bro?"
Seriously, what moron is saying 'I blame "the war and corporate party" and suggest that we elect the "SUPER War and Corporate Party (tm)" who will have the courage to lower wages until people can't even afford 3x5 cages and have the courage to go to war with ALL of the banksters enemies on our dime.' ?!?!?!? Meanwhile, they are ass-raping us with their 200 trillion dollar derivatives hairball cornering the market on rael-estate with their phony wealth until mortgages are 90 percent of your income. Then we blame the loan victims for being "sub-prime". People need to grow a freakin brain cell!!!!! >:-@
It's free....just swipe your EBT!
https://www.youtube.com/watch?v=xLTTX35LNJo
"They don't want the bills either..."
Lifestyle changes of the vanguard:
http://www.trueactivist.com/want-to-find-free-land-and-become-an-eco-war...
"They don't want the bills either..."
It's not how much money you make, it's how much you spend!
Spend less = less need for money
Less need for money = less need for work
less need for work = more time for everything else.
I adopted this philosophy 15 years ago and would NEVER to go back to "Keeping up with the Joneses"...FUCK the Joneses...they're miserable psycopaths donating WAY TOO much of their life "earning" money to buy shit they don't really need that generally just adds MORE stress to their life. How many boats do you see in driveways that NEVER MOVE?
Making payments on it 365 days/year so they can take it out 2-3 days in the Summer and post pics on Facebook. "Look at Me!"
Unions and Lawyers are the most responsible for that shit along with poket politicans like Clinton up front.
jobs going overseas is function of debt money............pls pay attention,....
moar fiat debt=moar control of the trapped users of this very debt we chase for 40 productive years of life., like hampsters running on a wheel in a cage. now the cycle is complete with no upward mobility via wage growth. truely trapped paycheck to paycheck unless you or i abandon our pride and join the fsa to speed the demise to mayhem...
i chose to opt out, debt free with some resouces to continue a very modest life, free of tv, iphones and fees to enslave myself.
taxes and inflation are my biggest concern...
chop, chop, wood that is, as winter is approaching, ha.
today is truely a gift. a stroll in the woods with beautifull weather and fall in the air.
maybe a grouse will become diner.
thanks the spirits of life, and photosythesis. amen...
You are funny. Clueless, but funny. I know quite a few that have been out of work a long time. First, if you are over 50, forget anyone even looking at you. Unemployment runs out after 26 weeks. Then what? If you own any assets or have more than 6500 bucks in anything liquid, forget any government assistance.That could be a second car, stocks, 401k, whatever. So, no free phones, no EBT,etc. You are on your own. I have a buddy who has applied to 134 jobs (he keeps records), got 3 interviews from all that, and no job.
You are funny. Clueless, but funny. I know quite a few that have been out of work a long time. First, if you are over 50, forget anyone even looking at you. Unemployment runs out after 26 weeks. Then what? If you own any assets or have more than 6500 bucks in anything liquid, forget any government assistance.That could be a second car, stocks, 401k, whatever. So, no free phones, no EBT,etc. You are on your own. I have a buddy who has applied to 134 jobs (he keeps records), got 3 interviews from all that, and no job.
Depends on the state. In some states, you don't have to show assets for food stamps, just income. You only have to show assets if you or someone in your household has broken program rules in the past. From a guide to getting foodstamps in MD: "For most households in Maryland, information about assets (checking account, savings, and cash on hand) is no longer required when applying for Food Stamps. Certain households, such as those consisting of someone who has intentionally broken program rules in the past, may be asked to show that they have less than $2,000 in resources in order to qualify for Food Stamps. This amount does not include the value of your car or home or certain types of savings, such as retirement or college funds".
Now I'm fully employed, but as more jobs go bye-bye, or to Asia, I'm doing my research on how to survive with much less income should the need arise. You should see some of the former middle class lining up at food banks and food kitchens, and on EBT.
Don't worry, shortly you will be pushed in forced labour camps - Arbeit Macht Frei 2.0 USA Made! Finally, again something Made In USA (labour camps)
http://www.breitbart.com/big-government/2015/10/02/obama-administration-...
Then how do these phuckers still buy big ass pickup trucks and bass/water ski boats? I dont get it.
Credit. Max out every fucking thing.
Live it up until they won't exteend it anymore then declare bankruptcy. Extend and pretend is the name of the game.
from what i see a majority are working for a hell of a lot less than 20 years ago(inflation ajusted). two incomes or toasted porch monkey status. lower than shit rates allow max leverage, paycheck to paycheck, truck payment and shack status w/shiney f-150 in driveway. dont cha know, the merican way.
keep on truckin mutha fuckers and bitchez, ha...
To a certain degree it isn't.
The things that could be done to stop the things that are causing most of this is CONgress.
And ... it is CONgress that should be stopping these yahoos.
Especially at $10-12 an hour.
Bingo! I like how they say this generic "jobs". Do you want a "job" flipping burgers, delivering packages, in a call center? Almost all part time and no benifits? Fuck no you don't want that "job"! That's the reality here.
That's exactly right. My brother ended up with that after getting laid off from a long job at a big company. He has to commute 35 miles for a three night a week job at a call center for $13/hour. That's only because he got his insurance license they required.
Phoenix is quickly becoming a call center Mecca. Everyone hates the India call centers so much that they've started bringing some back stateside, and now that they've driven compensation so low it's working for the corporations. I get calls a couple times a month, some douche corporation wanting me to do three nines (27 hours a week, just under the Obamacare limit) for $9-$12 an hour.
Fuck that!
Nah, take the job! Then steal everything that isn't bolted down. That's how they roll at Walmart.
I did once, about 8 years ago, back when they were still offering 40+medical. I was resetting modems for a DSL provider, and I swear to god, 90-95% of the population is retarded. 70% of the calls were the people didn't plug it in or push the power button. The other 30% were trying to daisy chain 20-30 pc's to a single Ethernet port.
Stupid people. Never again!
@toady : Best call in I ever heard about was from a DELL employee back in the late 1990's. They had someone call Tech Support that said their cup holder quit working. Obviously tech support couldn't figure out what they meant and kept asking them questions if it was a free giveaway, promotion product, etc. Turns out they were using their CD ROM drive to hold their coffee cup.
That one takes the cake!
Provide a notarized and verifiable affidavit from each of the 94.6 million jobless, affirming that they don't want a job, then I will listen to you further.
Actually Fed Fucks, they do want a job.
Many people who were preparing for retirement 15 years ago are still in the work force or looking because of
FED CREATED ASSET BUBBLES
FUCK THE FED. DISMANTLE IT.
People don't want a job AND don't need a job. Which is why when BO was up for re-election, he won even though all economic indicators were in the shitter. Jimmy Carter lost back in 1980 because welfare didn't pay for anything so you needed a job to feed your family. Those days are long gone until the entire system fails.
DING!!! DING!!! DING!!!
We have a winner!!!
In 1980 TANF (Temporary Aid to Needy Familes) was just that; temporary.
Now you can stay on Welfare your entire life.
Here in California (where we allegedly had our 'Welfare Reform' in 1998) the Democrats who run the state just gave Food Stamps benefits to convicted Felony Drug Dealers. Prior to April 1st 2015 (a dubious date) anyone with a felony conviction for selling meth, cocaine, heroin, PCP, etc. was ineligible to get SNAP benefits.
Now, all the drug-dealers are signing-up for welfare;... from INSIDE prison and jail, so they'll have them as soon as they get released.
Why would anyone want a job when you have to make $69,000 a year to break even over Welfare benefits:
http://www.rightwinggranny.com/wp-content/uploads/2012/11/900x674xwelfare-cliff0446.jpg.pagespeed.ic_.7hEWccePOm.jpg
We are Soooooo doomed...
Current system is a hammock, not a safety net.
A hammock for the undeserving, I'd agree.
But for someone who does fall on temporary hard times, yet has a history of being hardworking, self-supporting, and not inclined to make babies they can't afford to raise, it's pretty damn hard to get some help if you really do need it.
I can't quite figure out how the system-gamers do it and stay on welfare for ages...but I've seen that the system isn't there for the people who've been paying for it most of their lives.
Very true, Miss C. One tipoff to how the system is being gamed: as unemployment benefits started running out, the number of people applying for disability benefits started rising. This is easily Googled. Hard to believe their disabilities occurred with such perfect timing.
Now, I have a friend who is genuinely disabled after 35 years of working as a painting contractor, and the checks he gets aren't enough for food and a roof. It really hurts to see others, not really disabled, "taking a little time off" on my---and my friend's--- dime.
That said, all this is small grift. The real crime is occuring on a much higher level, the banks, the 1%, those close to the nexus of government and big business. Abusive corporate welfare is much more damaging, and nearly universal. The New Normal.
The number of people getting disability is going up because we have MORE BABY BOOMERS hitting old age, and thats when the back goes bad, genius.
Boy that's a really stupid comment. Yeah because all those disability claims are going to boomers. You're a fucking idiot!
Yup. And now, decades later they are zombies. The cities are going to burn.
We're gonna need lots more rope and a few more dozen branding irons.
Oh good you bought the propaganda around welfare and agree with the FED. Those figures are utter bullshit. I actually work with welfare recipients and the image you paint is unbelievably off base. The problem has been and remains welfare to the ELITES. Every day I see people who live in abject poverty and roach infested housing. People desperate to find work even minimum wage jobs that are lower in real terms than 1976 wages (let alone before). The eat utter garbage because it's all they can afford. They are given the bare minimum to prevent a civil war.
Money is dumped into think tanks to spew out the propaganda you've fallen for. It's utter fucking bullshit. Housing assistance is woefully short of reality and every day more Americans, mostly children, become homeless. Meanwhile, in at least one state withdrawal limits for TANF cause recipients to give 10% of their grant to the banks via ATM fees. Getting social security is unbelievably difficult and takes years. I had someone who was paralyzed in one limb due to a gunshot wound (that occurred when they were a child caught in a crossfire) rejected. Subsidized Housing has a 5 year wait list that is closed to new applicants. All the shelters are full and can't even take in children. TANF for a mom and her child is a whopping $432. Wow! That's some rich living especially since a one bedroom studio in the area costs $850 if you can find a steal, the average is $1000. Those are facts on the ground not regurgitated one in several thousand best case scenarios that your propaganda proposes.
You're either a troll or a useful idiot deflecting blame from the elites and putting it into the poor and vulnerable just as has been done during every economic crash in history so people like the rothschilds and Rockefellers Jamie Dimon's and Lloyd blankfeins of the world can get off Scott free while the lower classes slaughter each other. Thanks for helping push their agenda pool shark!!
Excellent points. I agree.
The rich rip everyone off and tell them that their poverty is due to laziness. It's akin to pissing on someone's head and telling him that it's raining.
As you said, the rich are the biggest Welfare ricipients, not the poor. Big corporations get endless tax breaks (aka tax incentives) from many U.S. states while the poor and the middle class pay more and more. These same corporations ship manufacturing jobs to other countries and also bring in foreign workers on H-1B Visas.
The United States has been gutted by big business, which uses big money to get American politicians to give them preference over ordinary American workers. For the masses, the result is taxation without representation.
And, now, the poor and the middle class are being forced by the government to buy unaffordable health insurance. Failure to do so results in a fine. It's a surefire way for giant health insurance companies to force people to buy their products. Freedom of choice has been eliminated.
BULL FUCKING SHIT, BTG. Welfare has no business paying poor people to live in areas where a one bedroom apartment is $1000. Everyone should be living where they can afford to live. In fly over country you can live quite nicely on a very small income.
By your faggoty socialist argument, we should pay poor people to live in the hamptons, or beach front hawaii. Just because that is where they prefer to apply for their benefits.
Jobs are plentiful if you are willing to get a little sweaty or dirty. Very few of these entitled poor people are, because the free shit is a better deal for them.
We should be very generous TO THE TRUELY DISABLED. Someone who is blind can answer phones, and a person in a wheel chair can do computer work (so can your person with one arm). The severly mentally ill cannot, but they are probably 1% of the population.
BTG is spot on!
only a fool blames the powerless for their problems.
This has been the case forever... TPTB want all the rest of us fighting each other over petty, irrelevant bullshit, because if we spend all of our time and resources doing that we will forget who the REAL enemy is - THEM!!!!!!!!!!! They throw out falsehoods that enrage left vs right vs middle, black vs white vs yellow, they pick at OUR scabs and we're like the animal biting its own leg off rather than going after the one who put the trap there in the first place. Get wise to it and know who your REAL ENEMY is!
Dear Bring the Gold,
You have to remember, this is Zerohedge. Most of the folks here view their fellow citizens, fellow Christians, fellow neighbors as fat lazy worthless dirtbags and of no value. Gold, guns, and ammo (until the wife divorces them and takes most of it), are the key priorities. It also helps to be an emotional cripple, self centered, and selfish.
Like the religious leaders in Jesus day who refered to the common everyday Jewish people as ?am ha·?a?rets, which means "dirt".
There are many people who through bad choices and sloth are in the predicament they find themselves with money woes or living wrongfully on the dole, but probably 10 times more who through layoffs, illness, and a mulititude of unforseen circumstances, are struggling. Most are decent folks who work very hard and juggle some pretty heavy responsabilities with no help from anyone, the least of which comes from the government.
I am a small businessman and am heavily involved in my community. I see it everyday.
There is no political solution. All forms of government have been tried and have failed. Politicians don't teach people right from wrong, how to care and love one another, and heal broken families. The quickest way to turn a Republican into a Democrat is make him a quadroplegic or give him cancer. The quickest way to turn a Democrat into a Republican is to rob or rape them.
We have about 2 pages to go in the book of Revelations, and mankind's comedy of failure will be over.
You need to get that Zoloft perscription refilled......STAT!
You are spot on! I don't live in America. What I don't understand is why 94 mil Americans are letting Fed screw their lives? If couple of millions buy the propaganda I can understand but with so many millions' lives being screwed, why are people in Main Street not screwing the Fed back?
Why are Europeans letting Mudslimes take over their continent?
BECAUSE THE SOCIALIST JEW MEDIA SAYS IT'S GOOD FOR WHITE COUNTRIES TO BE DIVERSE......
100% correct. The best thing we can do to crash this system is get out of debt… and frivolously use as many government services as you possibly can.
and not have friggin KIDS you can't afford! That's the ultimate debt trap.
Just so. Fat housewives don't want jobs. Neither does the free shit army.
Wipe out HUD and medicaid, and see what happens.
Oh yeah, don't forget the generous taxpayer handout the "Chid Tax Credit." It pays to shit out moar:
https://en.wikipedia.org/wiki/Child_tax_credit
Yeah. Not corporate tax loopholes. Let's not close those. Let's not tax HFT trades for micro-penny movements over femato-seconds. Let's get rid of a tax break for poor people with children. Wtf is it with people around here wanting to take out our frustrations with corporations banks and corrupt parts of government? How the hell is this mess poor peoples fault?!?! Not the power elite. Poor people are the problem. That's genius right there.
Both are an abomination, NIMROD!!!
;-D
Yeah see what happens! Great idea! Remove the only thing keeping this country in one piece! Let's not close corporate tax loopholes and handouts, egregious MIC spending or in any significant way stop financial crime. Before we address those trifling concerns which amount to many trillions, let's cut TANF and SNAP benefits to recipients who statistically are mostly CHILDREN. I for one hate having cities that aren't on fire and have been pining for LA Riots times one hundred thousand. Yes let's not address elites crimes first let's crack down on single moms and children. We wouldn't want to do anything to address Jamie Dimon, Lloyd Blankfein and Hank Paulson's crimes. Let's go after the real power brokers who got us here, children in poverty. And by doing so let's unleash days of rage and an American Spring. Absolute genius!!!!
Sadly that is exactly what will happen when the merde hits the fan. The poor and starving WILL riot in the streets - as they have throughout history when they lose all hope. Clearly TPTB know this - and know time is running out. They are preparing - militarized police and an obsession with monitoring the population, repressing ANY discontent (like Occupy Wall Street).
Things are as bad as they were in 1932 - government money is the only thing preventing 'Hoovervilles' and obvious signs of what has happened - minimal payments to keep people from taking to the streets. Yes, some people do abuse these programs and the abuse of things like disability is increasing as people run out of options, but the root cause of all this is the LACK OF JOBS. Our political leaders - following the wishes of corporate leaders - have embraced 'free trade' - sending American jobs overseas - and bringing in cheap labor (illegal at the low skill end and H1B's at the high skill end), all in a never ending effort to find the cheapest possible labor costs. Some goods may be cheaper but that means little if people are unemployed and cannot afford to buy anything. A toaster from China may cost less but who cares when you can't afford the bread to put in it?
Very well said sir or Madame.
We definitely bread to make our Bread Helmets when the SHTF. Problem is looters are so dumb they burn down their own neighborhood instead of looking for the banker boyz who are somewhat responsible for their poverty.
Whether it's 1 person stealing a million bucks; or a million people all stealing a dollar each, BOTH ARE WRONG.
One does not excuse the other.
Words cannot even begin to describe my gut wrenching loathing towards these expert central planners.
Destroyed millions of lives, families, hopes and dreams within US and also of billion outside US.
As long as elites live, central planners will thrive. Choice is ours.
PS: And I still have to read Prof. Krugman's argument about how this justifies more QE.
Krugman arguments all go along the lines of:
Blather blather, usury good, blather blather, financially benefiting Krugman good, blather blather, bribe population to get loot, blather blather, responsibility bad, blather blather, my expertise is the final authority, blather blather.
At which point it becomes droning and you look for the can of Raid.
Kommandant Krugman, of the Keynesian Klown Kollege?
I'd trust a Magic 8 Ball over anything that Krugman the Bearded Potato had to say.
I recently made the decision to go galt, and gave up a job paying $120k.
It just sucked being forced to pay for every nigger's food, housing, phone and now health care. It sucked having employers who demand more and more of your formerly free time. It sucked being stressed out in traffic 1.5 hours a day.
Mostly it sucked making a good living but not being able to afford a home within 40 miles of that job, thanks to the muther fucking fed and their phoney money.
Maybe I'll see you guys on a beach somewhere. I've had it. Taking my chances away from all the insanity.
yeah...got it...
we all know there aint no crackers on welfare.....stupid is what stupid says....
http://www.statisticbrain.com/welfare-statistics/
Percent of recipients who are white 38.8 % Percent of recipients who are black 39.8 %We call them Crackniggs and walmart riders. Cross busing was a great success.
The purple Escalades belong to one group and the diesel pickups the other group and the repainted black cameros with CDs and Saints dangling from the rear view mirror the third group.
It's a very diverse FSA.
down vote facts mother fuckers...
aint nothing to me....
Some facts can hide in plain sight Kaiser.
"Work makes my head hurt."
When people are out of work for more then 3 months the chance of them going back gets slimmer and slimmer. Habits, behavior, etc change. It maybe is even more psychological then physical.
Ah ha! Lies, damn lies and now your statistics!
40% of recipients is black and another 39% is white. Now. Factor in that blacks comprise ~13% of the US population and whites comprise ~63%. See the problem?
You can now begin a rant about hundreds of years of oppression, etc., etc. to rationalize why such a large portion of the black community is on welfare, even though that wasn't the case pre-1960 when black nuclear families still existed and somehow made do.
Note, the shithead has no answer.
I prefer the term saltine American thank you.
Every time I see a black cite this statistic, it's the same. And it's always blacks who post this stat.
They cannot seem to understand the conept of 'per capita'. When 13% uses as much welfare as 60+% or when 13% commits as much violent crime as the other 87% of Americans.
We get it man.
And when the government gets out of our way, we'll solve your problems for you, once and for all.
That day is closer than you think.
Welcome to the club..........been on the galt track since 2009......come on in boys.......the water is fine.
https://www.youtube.com/watch?v=RDXJ6duyQ_A
Was in DC today.
Stopped counting tower cranes at 15. We are not talking about a geographicly large area. On New York Ave, up on the bridge, you can damn near scan the whole town. Tower cranes, everywhere.
Name another city, in the whole fucking country, that has that much high end construction going on. Go ahead. I dare you. No where.
ALL government money. Let me tell you peeps, your providing a certain crowd a VERY GOOD fucking living. BMW, Lexus, and Mercedes, everywhere.
Meanwhile, the rest of us slobs have to fight for scraps because we have had our balls cut off by illegal invader motherfuckers and push start H1b visa cocksuckers, with the help of OUR government.
My wife thinks I need medication. This mother can't crash fast enough for me.
And oh yeah, fuck Obama.
Hell, fuck all those cocksuckers, in both parties.
the DC situation he speaks of is true.
I have a friend who took a contract position at the " National Geospatial Intelligence Agency" WTF? So I looked it up. The new facility, completed in 2012 has an atrium large enough to house the Statue of Liberty.
Did you read that?
The Muther is big enough to fit a standing statue of liberty INSIDE the atrium!
WTF WTF!?
it’s now the third largest federal building, ever.
http://federalnewsradio.com/in-depth/2011/09/geospatial-intelligence-hq-...
The photo on this link fully supports my notion that it’s looking more like The Hunger Games every effing day. Out here in rural Oregon I have "gone Galt" but it’s like living in "District 13"
While my NGA buddy lives in "The Capital district"
The colors of the NGA HQ are a farcical as the set from Hunger Games Capital
See here
http://www.hungergamestrilogy.net/2012/03/20/hunger-games-a-virtual-tour...
We have gone full Fu-king RETARD.
I just spent a few days at The Greenbrier. EVERY room was taken, at $350 per night. it's not a small resort, in fact, it is houses the bomb shelter for Congress in case things ever get difficult. It's in a beautiful place, and luxe. All you need to know about WashDC.
Congratulations! I went Galt at the end of 2007 and have never regretted it. It cut my average income tax burden from close to 40% (Federal, state, local, Social Security, Medicare) to around 1%.
Fuck the leeches and parasites - let them suck blood from someone else!
IIRC, the largest group rcvg Welfare consists of Single/Divorced White Mothers.
Many of them work, too.
Call on your Obamaphone and they gives you a Obamajob....
I don't want no blow jobs from Obama!
Speak for yourself. Maybe widen your circle of acquaintances?
"...Don't want a job..." Hmmm...
Do you suppose that if they did want jobs there are even 90 million unfilled good jobs available for these people
Better Yet- Dismantle the Govt who empowers these Elitist Fed Pricks...
Maybe people are sick of being a slave so 25% of their earnings go to to arm ISIS and other nefarious BS
If I can't be a banker then I want to be a National Science Foundation research grant recipient.
The Obama administration has paid this dude $63.5 million dollars in research grants and it seems he has his entire family working for him. One paper alone cost $4 million. Unfortunately he published a letter with TOP CLIMATE SCIENTISTS calling for Obama to charge any organization that questions their Global Warming "Science" with RICO criminal charges.
Now he's in some very hot water...
http://wattsupwiththat.com/2015/10/02/jagadish-shuklas-rico20-blunder-ma...
Only 25%???
I wish that was all I was paying...
Being married in CA, the marginal tax rate for any extra income tops 50% Lots of smart serious couples do the math and go half Galt.
There's a very smart reason all those Pakis run cash businesses [convenience stores] and the Indians grab cash-business hotels and the Italians the pizza parlors.
My guess is they do not report a considerable portion of their revenue.
You guess, huh?
Don't mean to poke you. These cats are skimming at a level that would embarrass the mob.
I do notice all my Paki and Indian friends drive brand new Lexuses and Mercedes.
... mmm ...
I don't want to work for a bunch of lying thieves, no matter what the pay is.
Well, whether they want to work or not, it is almost an arbitrary point, as Amerika can't do high-speed rail, so how the fuck would they ever get anyplace?????????????
And Amerika cannot do high-speed rail because the Internet (platform for the Web) and all those technological innovations resulting from the NASA/Apollo Project, were because the Kennedy administration hired and appointed capable people.
And after they blew his brains out, all the next corrupt, neocon administrations have proven they can't do shit!
Sarge how right you are on everything but the last sentence. The Neocons are doing exactly what is needed to make you a slave. They are very very very smart and dangerous. The only trickle down your getting is spit from their open mouths as they laugh at how easy it was to make Pavlov's Dogs of us
Fed to the unemployed:
"Let them eat cake"
And remember what happened to the French aristocrats . . .
the less you work, the more food, health care, housing, education you get free. If you offer free stuff, people will take it. Its logical.
Not if you're white.
I just don't want a fed.
One time when I couldn't get any work, I had this lousy temp job with the Federal Bank of San Franciso, and the bitchez there, even though they had over 1,000 hours instruction on Excel, still couldn't figure out how to sum a column or row, fer crissakes!!!
What a bunch of efftards. Most stupid outfits I've ever worked for (temp/contractor) were the Fed and the Census Bureau!
Now, these whiners don't want to work, and are part of the reason many Americans aren't working:
http://bigstory.ap.org/article/2278e294d9aa498ea8a5b74ba28a727c/immigrants-say-about-face-visas-costs-them-millions
I own a small business. Like tens of thousands of small businesses I have gone partially Galt, tired of working my buttocks to the bone only to have .Gov take 40% of my profits at the point of a gun and give it to "entitled" people who did not earn it.
Also, it is hard as hell to find someone even willing to get out of bed five days a week and put in an honest days work for honest pay. They won't even show up 20% of the time, leaving you in the lurch. Why get a job when you can get plenty for your family without having to do anything. It's a gravy train for millions at the expense of hard working productive people.
Done. Got rid of my employees and I don't work half as hard now. Reality is a bitch and this is only going to get worse. Good. I'll be dancing as it collaspes and with luck we may be able to start over and do it right next time.
American's don't want jobs. American's don't want to spend. American's don't want to try.
Solution? Create money out of thin air and give it to working, spending, super rich bankers.
#jobsdontmatter
#workingpeopleslivesdontmatter
/sarc
I don't have a job, and I want one.
Nobody asked me shit.
DEA might be hiring... they are looking into possibly replacing their workers who are failing drug tests.
http://www.huffingtonpost.com/entry/dea-drug-tests_560abff4e4b0af3706de0211
Look out, America. When they get fired from the DEA for being a dope fiend, the only place left to go is the ATF.
Or TSA if they're a perv too.
Yeah. . . and wasn't there an opening for a US Navy public affairs officer after Joey bin Biden's boy, Hunter bin Biden, kept flunking his drugged-out cokehead test?????
And all those openings because the Air Marshals have been convicted of drug smuggling, human trafficking, murder and mayhem (not to be confused with the honorable US Marshals Service).
And there should be a helluva bunch of openings if they ever get around to firing all those drunken frat boy turds in the US Secret Service!
EXACTLY MAN!
I'm convinced that everybody wants a job!
Money.Job optional.
Even if I had 10 million I'd still work.
Maybe not as hard but I'd still work.
I've streched my back a while ago and was at home for 9 days that I couldn't do anything, I went crazy.
You still are...
10 million I would still be working, it would just be a different type of work and not for someone else.
Well, let's do the math. $10M in bank at 1% annual interest yields an annual gross income of $100,000. If you have a family of four and want to drive two late model cars, buy a nice house in a nice suburb, take a vacation or two annually, save up a little for the kids' college expenses, and eat meat at dinner time, that will take you about $120,000 gross per year to keep your budget in the black. Either wifey will have to work, or you will have to take an Obamajob to make ends meet, so your industriousness will come in handy.
Seems to me ZH needs to make up their fucking minds about this bullshit "Ain't working because generous government benefits incentivize not working" at the same time they note all the fucked up structural problems with the economy/jobs market. Are there jobs or are there not fucking jobs?
If there are not jobs, the welfare click bait is irrelevant. If there are not jobs, even the majority who want decent jobs can't get them, so wtf is the difference wrt welfare?
How them fabulous gubermint bennies workin' out for you, btw, Pilgrim?
ZH needs to pick a side on this one. The alternative is incoherence.
I don't disagree. But perhaps some better clarification is required so people don't get down the wrong rabbit hole. My point is that I think they are related. Decades of what has been de facto socialism is now failing (for various reasons) and in the process dragging the world to hell (and jobs with it). Everyone winds up a bum. Not all are pro, or have gone willingly into it.
de facto socialism ??????????????????
You mean the fact that over 70% of US corporations pay no federal income taxes?
Or all those tax payouts they get for offshoring American jobs?
Or those tax payouts the super-rich landowners receive for all their land lying fallow thanks to those crooked conservation laws they wrote?
Or all that war profiteering?
Or . . .
Add on any -ism you like. Corporatism, fascism... a regular melting pot eh? The general concept is taking from some by force of government and giving it others. Eventually though, you run out of other people's money. Sound familar?
Socializing losses...privatizing gains while the populace sleeps.
Yes, there are jobs. Thanks to Obamacare, there are few jobs that offer more than 20 hours per week, so remember to get two. Thanks to unemployment insurance, no one is ever layed off from these jobs, they just get reduced hours. Thanks to workplace discrimination and wrongful termination laws, you won't be a direct hire, you will actually work for an intermediary that takes a 15% cut of your pay.
Welcome to ZH.
A job? And give up my government income?
The Fed might be right. What that doesn't explain is why it is that way and what can be done with those people. My guess is they become the basis for the slave class after the Greater Depression sets fire to everything.
Face it, after several years of unemployment, most are unemployable.
I've given several in that situation a chance to get back into the workforce.
No good deed goes unpunished, and its cost me dearly in lost profit.
No self motivation left at all.Maybe this is one reason why this always ends in war.
no kidding, i have to go through 8 employees to find one adequate, that shows up on time and is honest, not excellent just adequate. they all want to start at 32k a year with no experience and a waiter or french fry job in their resume.
1;8 is good.
If I was young in this day and age I would live off the skim. Hell with it. It is all going to collapse anyways.
I would be out in Colorado skiing, selling weed and digging for gold.
In fact, once the kids move out...............
Either that or be a beach bum. Because there is no way that anyone is going to be able to retire anymore.
pods
--"Because there is no way that anyone is going to be able to retire anymore."
Gave up on that notion a long long time ago.
You just described the "hunter-gatherer" age of man, and yes a lot of people will have to settle for that before this is done.
Things are about to get interesting.
I finnin' to be gettin me sum selfare.
"Bitch better have my money" - Rihanna, liberal icon
Hey Pods,
Been married for 32 years. To the same one. Kids gone, doing well. IM right there, decided to stop playing their game. Just haven't jettison my junk, and made it official. Can't get the wife to even listen. She won't look. She doesn't see a thing differant. Everyone else is doing great. I'm a fucking loser. I keep trying to explain, I'm to old to work, and give half back to them, so they can skim, and give the rest away. Fuck them. I quit. And in her eyes, I'm the problem.
I'm very, very close to quoting her. I don't want to. But she is to much them. And she's too stupid to have a logical discussion with.
Frustrating.
John Galt, here I come.
Edit ,53(tomorrow)
This is a pretty dire situation. On the one hand, you are totally worn out, but your wife is too much of an imbecile to see that. On the other hand, men fare badly after divorce (there are exceptions, but the odds aren't good). So I guess a basic question is, is she a kind person? Or a mean person? Does she take care of you when you are sick? If she is basically a kind person (but treating you horribly now), then there is something to work with. This may be the one in a zillion instances where a counselor would be worthwhile. They are stupid, but your wife is stupider. They are women, and they usually take the woman's side, but when the woman is as stupid as your wife they don't always take the woman's side. I know that's not much of a suggestion but I'm trying hard here and not coming up with anything better.
I do think the bit about the skim is a red herring. It is all true, but if you weren't so worn out it wouldn't matter so much to you.
So here is something more. Your wife is about fifty, or a bit older. She is seeing her youth slipping away; that is tough on women. She is going through hormonal changes. And, she is not intelligent enough to see that these things are issues. You have always been the provider and the leader, and this has reassured her, but it has also meant that you can be the one to be blamed for everything. Since if she thinks that things are all your fault, then at least she feels like she has some control; it's not society or something else out of her reach. Absolutely none of this excuses her, but her stupidity makes it so that she simply can't see any of it. Even if she could see it, she wouldn't have the brains to know how to cope with it. Smart people have trouble coping with it.
I know that she is saying horrible things, but don't take that too much to heart. Stressed people do that, even smart ones. The key again is her behavior; whether she tends or not. If she still tends you, that is everything. It doesn't have to be perfect tending; tolerable tending is okay.
A stupid yet acceptable therapist (and they are mostly stupid) will be able to put all of this in very, very simple terms for her. They will come up with catch phrases that she can use to explain her sensations/emotions to herself with. The catch phrases and concepts may not match up with reality all that well, but they will be a tool.
If you can go to a MD (I know, no-one has a regular one anymore, I don't have one), you should go in for a check-up and tell him/her about your stressors and ask if they think you should have tests (you don't have to actually have any done) and to recommend a counselor. Even a MD that you are seeing for the first/only time can help with these questions (I know from experience). Once every two weeks, even once a month (to keep costs down) can work for this sort of counseling. More is better than less, however. This would give your wife something other than you to focus on. Also it would alert your wife to the fact that you have physical and psychological needs; it might give you extra dimensions in her tiny pea brain.
Say, by any chance are you a Biden or a Bush?
Well there is some truth to that. I'm 52 and I don't want a job, but I have a wife and three kids so I do it anyway.
Word
Same here (close to same age, 1 kid less). A friend of mine and me joke about going "Mosquito Coast" one day (old Harrison Ford movie).
Be careful which coast. The east coast of Costa Rica is pretty dangerous; the west coast is safe and like paradise my CR neighbor says.
Well, Doc, your comment made me remember way back to about 1968 when I was deciding on a career. I was a bright and very observant lad, and my observations led me to the conclusion that the careers which looked like the most fun really didn't pay very well, while a lot of careers that paid very, very well looked from the outside like a life sentence. Perhaps the amount of pay was to a large degree dictated by the difficulty of obtaining the necessary qualifications for the job and how quickly the job itself daily diminished one's soul.
I think that very few people actually manage to find a career that pays well and that causes them to roll out of bed early and rush to work because what they do is such a thrill that they just can't wait to get started.
If you didn't have a job, I doubt that you would lounge around in bed all day doing nothing. If only what you choose to do when you got up would actually produce large paychecks every Friday, your world would be a happier place. As would it be for the great majority of the rest of us if whatever diversion we freely choose in our own free time would produce the paycheck we would like to see. As for those of you out there in ZeroHedge land who make lots of money doing exactly what you love to do, kudos to you, Mssrs & Mesdames, as you have achieved success far beyond the financial kind.
Unless you are Janet Yellen, in which case, fuck you, and I hope you end up as a cam girl fapping for tips so you can pay the rent.
Thank you, by the way, Doc, for rolling out of bed and working hard a job you dislike so that you can support yourself and your family.
Cut SNAP/Welfare benefits after 6 months (of abuse) and see who goes back to work...
I dare you Congress! Goodfornothing pukes!
Yep, that will work for as long they can knock down your door and take all your shit.
About 1/10 of the Caucasoid population .
Helicopter money has been in play for quite some time.
Helicopter money has never been and never will be in play. The image of it was used to influence the sheeples brains so they would not be offended by the idea of QE.
There was a guest lecturer at one of the UC Berkeley graduate schools that explained how pre-suggestion with a similiar idea can influence perception.
Basically you introduce the idea of free money into peoples brains (they think yes I want some helicopter money) and then you start QE for financial parasites and everyone still thinks it is a good thing because their perceptions were previously influenced.
There are no jobs for these people anymore, they have no skills and no desires, total washouts. All they can do is destroy.
Cut all support and they'll loot what they need, burn the city, eat all the Cheetos, swarm the suburbs breaking down every door looking for Cheetos, and after they have left not two stones standing anywhere in the land only then die in a gutter.
Not worth it just so you can gloat about cutting SNAP. But we're going to get it anyway so I guess it doesn't really matter what either of us wants at this point.