Whole Foods Market Inc. plans to eliminate 1,500 jobs to reduce costs and fight back against rivals that are undercutting its prices.
The positions, representing about 1.6 percent of the company’s workforce, will be eliminated over the next eight weeks, with many coming through attrition, the Austin, Texas-based grocery-store chain said Monday in a statement.
Whole Foods is working to keep expenses low so it can offer its organic and natural products at lower prices and beat back an onslaught from mainstream grocers that now carry similar offerings. The company in July reported third-quarter profit and sales that trailed analysts’ estimates as the new competition restrained growth.
Whole Foods fell 1.1 percent to $30.75 at the close in New York. The shares have slid 39 percent this year, while the Standard & Poor’s 500 Index has lost 8.6 percent.
Co-Chief Executive Officer Walter Robb called the job cuts a “very difficult decision,” and the company said it is paying the workers in full during the next eight weeks.
Whole Foods, which has about 420 locations, has seen its growth slow as traditional supermarkets carry more natural and organic fare. Wal-Mart Stores Inc. sells Wild Oats organic foods, while Kroger Co.’s Simple Truth line has reached $1 billion in annual sales.
The company is responding by opening a less-expensive, tech-focused grocery chain called 365 by Whole Foods Market. The first location is set to open next year in Los Angeles.
Dennis Michael Lynch (born August 28, 1969) is an American entrepreneur, documentary filmmaker, and conservative commentator. He is the founder and CEO of TV360Media, a company specializing in the production and distribution of digital film, and often appears as a guest on Fox News and TheBlaze. He is currently running for President of the United States as a conservative Republican.
VETERANS TEAR DOWN OBAMA BARRICADES AT WWII MEMORIAL
SEAN HANNITY TELEVISION SPECIAL: THE COST OF AMNESTY
BUNDY RANCH STANDOFF
DML FOR AMERICA PAC
Gallup CEO and Chairman Jim Clifton doubled-down on his comments earlier in the week on the misleading Obama unemployment rate.
Obama says the unemployment rate is 5.6% which is very misleading.
Clifton went on America’s Newsroom today to explain the misleading government numbers.
“The number of full-time jobs, and that’s what everybody wants, as a percent of the total population, is the lowest it’s ever been… The other thing that is very misleading about that number is the more people that drop out, the better the number gets. In the recession we lost 13 million jobs. Only 3 million have come back. You don’t see that in that number.“
Via America’s Newsrooom:
The real Obama unemployment rate is above 10%
…..Just a little taste of what you’ll find at the Daley Gator Videos site:
PAT CONDELL: LAUGHING AT THE NEW INQUISITION
MONTY PYTHON’S FLYING CIRCUS: MINISTRY OF SILLY WALKS SKETCH
DR. PAUL VITZ: THE PSYCHOLOGY OF ATHEISM (PART 1)
For many, it is difficult to decide whether Barack Obama is intentionally trying to destroy the United States or that he is doing so as a consequence of some type of ideology-induced stupidity.
The damage wrought through the implementation of his absurd and impractical liberal “solutions” to national problems is readily evident.
When Barack Obama was inaugurated on January 20, 2009 the national debt of the United States was $10,626,877,048,913. As of Jun 26, 2014, the debt was $17,512,592,730,102.
According to the Bureau of Labor Statistics (BLS), in 2007 on the eve of the recession, there were 146.6 million Americans working. Today, after six years of the Obama Administration, there are 145.8 million Americans in jobs, 800,000 below the previous peak. Since Obama came into office in 2009, 7.2 million people have left the workforce, making the true unemployment rate 8.3 percent, not 6.1 percent. Median household income is down almost $2,300 from what it was when Obama took office. Real wages are lower than they were in 1999. Growth in the first quarter of this year was a negative 2.9%, the biggest downward revision from the agency’s second GDP estimate since records began in 1976.
In April, prior to the present massive and growing surge in illegal minor immigration, Sen. Jeff Sessions (R-Ala.) said Obama has created an “open borders” situation by failing to enforce U.S. immigration law. One could fairly conclude that the current crisis was a deliberate policy decision because the Obama indicated that he would expand Deferred Action for Childhood Arrivals (DACA), a program that offers amnesty for illegal immigrant children and provides an incentive for exactly the type of mass illegal invasion we are witnessing on our southern border.
There should be little doubt that Obama’s open borders policy is meant to fundamentally transform the country’s demographics, produce millions of additional Democratic voters and welfare recipients and permanently undermine the national security of the United States.
The ATF “Fast and Furious” scheme, likely designed to erode Second Amendment rights, allowed weapons from the U.S. to “walk” across the border into the hands of Mexican drug dealers. The ATF lost track of hundreds of firearms, many of which were used in crimes, including the December 2010 killing of Border Patrol Agent Brian Terry.
Obama’s IRS targeted his perceived political enemies, conservative and pro-Israel groups, prior to the 2012 election. Questions are being raised about why this occurred, who ordered it, whether there was any White House involvement and whether there was an initial effort to hide who knew about the targeting and when. Obama apparently lied when he told Fox News’ Bill O’Reilly that there was “not even a smidgen of corruption” in IRS activities.
The Obama administration knew about allegations of secret waiting lists at the Department of Veterans Affairs (VA) as early as 2010, although, on May 19, 2014, White House spokesman claimed Obama learned about the scandal only recently through press reports.
The unfolding sectarian violence in Iraq is just the latest crisis where the Obama administration seemingly has been caught off guard. From the Veterans Affairs scandal to Russia’s swift annexation of Crimea, news of the world somehow keeps taking Obama and his team by surprise. Or are they just lying to camouflage flawed or failed policies, which have harmed the United States?
The attack on our “consulate” in Benghazi on September 11, 2012 was perhaps the most egregious of Obama’s many foreign policy failures because four Americans needlessly died due to a failure to provide adequate protection both before and during the attack.
Obama falsely blamed an internet video as the cause of the attack to hide the truth: the resurgence of jihadists in Muslim Brotherhood-governed Egypt, the continuing demand for the Blind Sheikh’s release (which underscored the jihadists’ influence), and the very real danger that jihadists would attack the embassy (which demonstrated that al-Qaeda was anything but “decimated”).
It is likely that a clandestine operation supplying weapons through Turkey to the Syrian rebels was being run out of Benghazi. Efforts were made not to draw attention to what was happening there. That could explain why local militias were paid to provide security, why requests for increased security were denied and why the US military was either unprepared to respond or told not to do so.
A Benghazi cover-up may have also prevented a thorough examination of the possible passivity or complicity of the Egyptian Muslim Brotherhood government in the attacks in Cairo and Benghazi and the potentially dangerous consequences of arming Islamic factions in Syria over which the US has little control, where the weapons we supplied may someday be used against us.
It should be obvious that Obama lied about Benghazi, he lied about Obamacare, the IRS, the VA scandal and in countless other instances.
Nevertheless, the liberal media remain willfully ignorant, will not report the truth and continue to protect Obama, regardless of the costs to the country.
Obama will survive in office until public awareness of his administration’s treachery matches its level of incompetence and exceeds the media’s capacity to tolerate corruption.
Jimmy Carter made mistakes. Barack Obama, a creator of crises, practices deceit and the willful betrayal of trust.
It does matter whether the damage inflicted upon our country results from ineptitude or premeditation.
It is ideology-induced treachery.
It’s an Obama world.
And it’s likely to get worse…
Obamacare will kill off at least two percent of the US full-time workforce.
Obamacare is accelerating the US towards a part-time nation.
Even far left Think Progress reported today that most of the jobs added since the recession are low paying jobs.
Six years after the Great Recession began, job growth has returned to is original peak level. But the kinds of jobs that have been added don’t pay well. Low-wage jobs have accounted for most of the employment growth even though they weren’t the majority of jobs lost during the recession, according to a new report from the National Employment Law Project (NELP).
Four years into the recovery, low-wage industries have accounted for 44 percent of job growth, but they only made up 22 percent of the losses during the recession. These jobs pay between $9.48 and $13.33 an hour – even that higher wage is only about $27,000 a year. At the same time, mid-wage industries saw 37 percent of the job losses but have only made up about a quarter of employment growth. High-wage industries accounted for 41 percent of the losses but have only seen 30 percent of the recovery’s gains. In all, low-wage industries employ 1.85 million more people than when the recession began, while the other two groups have lost nearly 2 million jobs.
It’s not all good news, though. The Pew found that both the share of college-educated 25 – 32 year-olds unemployed and those living in poverty is greater than any other generation of the 20th century at the same age. And while salaries for college grads have grown by $7K over the last 40 years, median earnings for those 25 – 32 have been stagnant for decades, even as the cost of education has soared. Other data from the University of Waterloo actually shows Millennials underearning their parents at the same age.
As well, there are important limits to the Pew’s research to consider. Their data only includes Millenials who were employed full-time during the previous year, regardless of education level. In essence, they’re only surveying those Millennials for whom education has actually paid off as to their views on education. It’s easy to say that education is a worthwhile investment if your degree has actually benefited you in the form of gainful, career-oriented work. Absent from the discussion and from the Pew’s somewhat heartening news are the attitudes of the millions of recent college grads who are unemployed or underemployed, like the 15% of 2013 grads who fall into one of those camps, or the 36% working jobs that don’t require their degrees.
Cities, counties, public schools and community colleges around the country have limited or reduced the work hours of part-time employees to avoid having to provide them with health insurance under the Affordable Care Act, state and local officials say.
The cuts to public sector employment, which has failed to rebound since the recession, could serve as a powerful political weapon for Republican critics of the health care law, who claim that it is creating a drain on the economy.
President Obama has twice delayed enforcement of the health care law’s employer mandate, which would subject larger employers to tax penalties if they do not offer insurance coverage to employees who work at least 30 hours a week, on average. But many public employers have already adopted policies, laws or regulations to make sure workers stay under that threshold.
Even after the administration said this month that it would ease coverage requirements for larger employers, public employers generally said they were keeping the restrictions on work hours because their obligation to provide health insurance, starting in 2015, would be based on hours worked by employees this year. Among those whose hours have been restricted in recent months are police dispatchers, prison guards, substitute teachers, bus drivers, athletic coaches, school custodians, cafeteria workers and part-time professors.
The Times would like to hear from Americans who have signed up for health care under the Affordable Care Act.
Mark D. Benigni, the superintendent of schools in Meriden, Conn., and a board member of the American Association of School Administrators, said in an interview that the new health care law was having “unintended consequences for school systems across the nation.”
In Connecticut, as in many states, significant numbers of part-time school employees work more than 30 hours a week and do not receive health benefits. “Are we supposed to lay off full-time teachers so that we can provide insurance coverage to part-time employees?” Mr. Benigni asked. “If I had to cut five reading teachers to pay for benefits for substitute teachers, I’m not sure that would be best for our students.”
In Medina, Ohio, about 30 miles south of Cleveland, Mayor Dennis Hanwell said the city had lowered the limit for part-time employees to 29 hours a week, from 35. Workers’ wages were reduced accordingly, he said.
“Our choice was to cut the hours or give them health care, and we could not afford the latter,” Mr. Hanwell, a Republican, said. The city’s 120 part-time employees include office clerks, sanitation workers, park inspectors and police dispatchers.
Mr. Hanwell said that new rules issued by the Internal Revenue Service this month did not address the city’s fundamental concerns about the cost of providing health insurance.
Lawrence County, in western Pennsylvania, reduced the limit for part-time employees to 28 hours a week, from 32. Dan Vogler, the Republican chairman of the county Board of Commissioners, said the cuts affected prison guards and emergency service personnel at the county’s 911 call center.
In Virginia, part-time state employees are generally not allowed to work more than 29 hours a week on average over a 12-month period. Thousands of part-time state employees had been working more than that, according to the state personnel agency.
Virginia officials said they could not extend coverage to part-time wage workers because of the expense. Health benefits cost the state an average of more than $11,000 a year per employee.
For months, Obama administration officials have played down reports that employers were limiting workers’ hours. But in a report this month, the Congressional Budget Office said the Affordable Care Act could lead to a reduction in the number of hours worked, relative to what would otherwise occur.
Jason Furman, the chairman of the president’s Council of Economic Advisers, reaffirmed the White House view that the law was “good for wages and incomes and for the economy over all.”
Since Mr. Obama signed the health law in March 2010, the private sector has added more than eight million jobs. But in the public sector, the picture is different.
Government employment at the federal, state and local levels is lower today than in March 2010, by a total of 698,000 jobs, the Labor Department says. And in a recent survey, the National Association of State Budget Officers found that “states plan to reduce the number of full-time employees again” this year.
It is not entirely clear how private employers will respond, but as some government officials point out, businesses at least have the option of passing along some of the additional costs to consumers.
In Indiana, Daniel T. Tanoos, the schools superintendent for Vigo County, which includes Terre Haute, said, “The school system has no way to increase prices as a private business can.”
To hold down the work hours of school bus drivers, Vigo County has reduced field trips for children and cut back transportation to athletic events. School employees who had two part-time jobs totaling more than 30 hours a week – for example, bus driver and basketball coach – were required to give up one of the jobs.
The Obama administration says “there is absolutely no evidence” of any job loss related to the Affordable Care Act. And the Congressional Budget Office says “there is no compelling evidence that part-time employment has increased” as a result of the law.
But economists tend to focus on the private sector, which employs more people and has been adding jobs, unlike the public sector.
Republicans in Congress like Representatives Tim Griffin of Arkansas, Mike Kelly of Pennsylvania and Todd Young of Indiana said they knew of public employers in their states that had restricted the hours of part-time employees.
Authors of the health care law wanted more people to have insurance, Mr. Griffin said, but he asked: “What did they get? No insurance and less pay. Genius! That’s a genius federal program right there.”
Community colleges depend heavily on part-time faculty members, who teach about 45 percent of all courses, according to the American Association of Community Colleges. The association praised the new rules, saying they would allow many community colleges to avoid the expense of providing health benefits to part-time faculty members.
However, the denial of benefits irks some instructors.
William J. Lipkin, an adjunct professor of American history and political science at Union County College in Cranford, N.J., said: “The Affordable Care Act, rather than making health care affordable for adjunct faculty members, is making it more unaffordable. Colleges are not giving us access to health care, and our hours are being cut, which means our income is being cut. We are losing on both ends.”
The American Federation of Teachers lists on its website three dozen public colleges and universities in 15 states that it says have restricted the work assignments of adjunct or part-time faculty members to avoid the cost of providing health insurance.
The University of Akron, in Ohio, has cut back the hours of 400 part-time faculty members who were teaching more than 29 hours a week, said Eileen Korey, a spokeswoman for the school.
“We have more than 1,000 part-time faculty,” Ms. Korey said. “Four hundred would have qualified for health insurance. That would add costs that we cannot afford.”
The honorable Congresswoman from Texas, who recently argued that welfare should be renamed to a transitional living fund, has another brilliant idea up her sleeve. Given the overwhelming success of the Patient Affordable Care Act in reducing premiums, providing high quality health care to all Americans, and improving the economy, Congressional democrats have established a “Full Employment Caucus” which aims to give every American who wants to work a job.
According to Sheila Jackson Lee (D-TX) you’re either going to support it, or President Obama will use his Executive Powers to push it through without Congressional approval.
This one is straight out of the Communist Manifesto and like any good collectivist approach it will be mandated by our benevolent central leadership committee:
Democratic Rep. Sheila Jackson Lee said that the new Congressional Full Employment Caucus will “give President Obama a number of executive orders that he can sign.”
Jackson Lee added that writing up executive orders “should be our number one agenda.”
“We will be answering the call of all of America because people need work and we’re not doing right by them by creating work,” the Texas congresswoman said.
“I believe this caucus will put us on the right path and we’ll give President Obama a number of executive orders that he can sign with pride and strength”…
“In fact, I think that should be our number one agenda. Let’s write up these executive orders – draft them, of course – and ask the president to stand with us on full employment,” Jackson Lee added.
According to a recent commentary by Rep. Fredrica Wilson and Rep. John Conyers, who are part of the Full Employment Caucus, this is an absolute necessity in America because of the widening income inequality gap:
We need a movement for a full employment society.
Every American has a stake in stopping unemployment. So it’s time to kindle a new movement built on a simple vision: Every American who wants to work should have the right to either employment or training.
Someone may want to get in touch with these Congressional Representatives, because last time we checked, every legal resident and citizen who wants to work already has a right to work in the United States of America. That’s been the case for quite a while, but we understand if these Congressional democrats weren’t aware of it because it appears in an obscure little document called The Constitution of the United States of America.
Wilson and Conyers continue, in an attempt to educate us about how big government isn’t really big government, and this regulatory environment is necessary for the optimum functioning of capitalism:
A 21st Century New Deal would establish public trusts to create work opportunities and training programs in needed areas including construction, infrastructure repair, energy efficiency, education, health care, and neighborhood renovation.
Some of our conservative colleagues in Congress might call this approach “big government.” To the contrary, we know it’s the way to optimize free-market capitalism. When every person is trained, working, earning a salary, and contributing to the tax base, we have less need for government assistance and higher levels of consumer demand and investment. We therefore have less debt and more economic growth.
This sounds great on paper. Free health care and 100% employment always do. But as we’ve seen throughout history, it doesn’t always work out that way in the real world.
You cannot mandate full employment, otherwise you end up with mega-cities that lack people. Or, as was often done behind the Berlin Wall in the East Bloc during the cold war, tens of thousands of products would be built, only to be destroyed later because no one could afford to buy them. Everyone was employed, but the economies of these communist nations collapsed in on themselves because market participants were not free to do what the market demanded. They were forced to do what government demanded.
Here’s a thought for Sheila Jackson Lee and her Caucus colleagues. Since the idea is to establish a “New Deal” for the 21st century, perhaps we could get all of those folks on “transitional living funds” and instead of doling out thousands of dollars in government distributions to people who essentially sit on their butts all day waiting for their next check, we have those folks earn their keep. We’re already shelling out billions of dollars a year to cover their “salaries,” so why not do with welfare what Ms. Jackson Lee suggested by making it a truly transitional and temporary government assistance program?
Let’s transition those folks from their couches into actual productive human beings.
If you want a check from the government and you have two functioning arms and two functioning legs, then get to work!
Here’s an example of someone who’s itching to transition right now:
Shock Interview: Welfare Recipient: “I Get to Sit Home… I Get to Smoke Weed… We Still Gonna Get Paid”
While workers out there are preaching morality at people like me living on welfare, can you really blame us?
I get to sit home… I get to go visit my friends all day… I even get to smoke weed…
Me and people that I know that are illegal immigrants that don’t contribute to society, we still gonna get paid.
Our check’s gonna come in the mail every month. and it’s gonna be on time… and we get subsidized housing… we even get presents delivered for our kids on Christmas… Why should I work?
Ya’ll get the benefit of saying “oh, look at me, I’m a better person,” but when ya’ll sit at home behind ya’lls I’m a better person… we the ones gettin’ paid!
H/T Gateway Pundit
Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.
In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.
Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn’t being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.
“The unemployment rate only describes people who are currently working or looking for work,” he said. That leaves out a ton more.
“Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent. This number obviously includes some people who are not or never plan to seek employment. But it does describe how many people are not able to, do not want to or cannot find a way to work. Policies that remove the barriers to employment, thus decreasing this number, are obviously beneficial,” he and colleague Megan Russell in their new investors note from their offices in Charlottesville, Va.
They added that “officially-reported unemployment numbers decrease when enough time passes to discourage the unemployed from looking for work. A decrease is not necessarily beneficial; an increase is clearly detrimental.”
Then there is the Misery Index, which is a calculation based in inflation and unemployment, both numbers the duo say are underscored by the government. He said that the Index doesn’t properly calculate how Uncle Sam is propping up the economy with bond purchases and other actions.
“These tricks, along with a host of other dubious accounting schemes, underreport inflation by about 3 percent,” they wrote, adding that the official inflation rate is just 1.24 percent.
“Today, the Misery Index would be 7.54 using official numbers,” they wrote. But if calculations tabulating the full national unemployment including discouraged workers, which is 10.2 percent, and the historical method of calculating inflation, which is now 4.5 percent, “the current misery index is closer to 14.7, worse even than during the Ford administration.”
Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.
And the piece de resistance: Americans not in the labor force exploded higher by 535,000 to a new all time high 91.8 million.
The jobless, laborless recovery continues to steam on.
I am a small businessman at “ground zero.” I don’t need Obama, the Fed, economists, or the media to tell me how the economy is doing. I live it. And I’m telling you, we’re all being lied to. The economy is not getting better, it’s getting worse.
Back in late 2007 and early 2008, I publicly predicted (numerous times) that we were entering the deepest recession since the 1929 Great Depression. At the exact moment I wrote about this, Fed Chairman Ben Bernanke was testifying in front of Congress that the economy was fine, we were not in recession, and there was little threat of a serious economic decline. It turned out he was dead wrong about everything. A small businessman always knows.
In my national bestselling book, ”The Ultimate Obama Survival Guide“ I predicted all of this: the decline of the economy, the death of jobs, the disaster of Obamacare, and the murder of the middle class. It’s all happening in front of our very eyes.
In this Aug. 1, 2013, photo, a “Now Hiring” sign hangs in front of a new McDonald’s restaurant under construction in Tempe, Ariz. Photo Credit: Ross D. Franklin/AP
Here’s what I know. We have a jobs disaster. The numbers are sobering. Yet the mainstream media is reporting the November jobs report as if “happy days are here again.” Every media headline reports a “fantastic jobs report.” And, establishment D.C. Republicans are so dumb they accept government manipulated numbers as “fact.”
The truth is…it’s all a lie. Obama propaganda. A massive cover up. A Ponzi scheme aided and abetted by the Obama-adoring, Kool-Aid drinking mainstream media.
First, are the numbers even real? We recently found out in that in the run-up to the 2012 Presidential election, Census Bureau employees purposely reported hundreds of thousands of new jobs that did not exist. They created a false narrative that the economy was improving to fraudulently re-elect Obama. What makes you think that’s not still happening?
Why would you believe the jobs report from the same government that told you, “If you like your health insurance, you can keep it” “Obamacare will make your insurance rates go down”? and more recently, “the Obamacare web site is fixed.” All lies.
Why would you believe anything coming from an Obama administration so corrupt that it sent the IRS to intimidate a stage-4 cancer victim within days of his appearance on “Fox News” criticizing Obamacare.
But, let’s assume the 7 percent November unemployment number the national media has made its headline is accurate. Why isn’t the media also reporting the government’s own U6 figure of 13.2 percent? The U6 measures unemployment combined with underemployment, a stat that every expert agrees is the more accurate picture of true unemployment. If a Republican was President, the 13.2 percent figure would be trumpeted in every headline.
Why isn’t the media also reporting the government’s own U6 figure of 13.2 percent?
But, this is only the start of the Ponzi scheme. Assuming that over 200,000 new jobs were created in November, why doesn’t the media report on what kind of jobs are being created? Are these jobs that pay enough to live a middle class lifestyle and feed your family, or crummy part-time jobs that don’t even allow employees to eat without receiving food stamps? The answer of course is the latter.
Once analyzed in detail, November’s jobs numbers will undoubtedly be exactly the same as the rest of 2013. Respected economist and author John Lott reported recently that 96 percent of the jobs created in this Obama economy since January are crummy part-time jobs.
Bonnie Altwerger sits for a job interview with Jessica Cortes as she looks for part time work at Carter’s Children’s Wear during a job fair at Sawgrass Mills on October 11, 2013 in Sunrise, Florida. As the holiday season approaches many of the roughly 50 retailers at the job fair including Banana Republic, J.Crew Factory, Victoria’s Secret and Calvin Klein are starting to hire people for seasonal work as well as continuing to look for qualified full time employees. Photo Credit: Joe Raedle/Getty Images
Respected billionaire businessman and publisher Mort Zuckerman disagrees. He says only 88 percent of the jobs created this year under Obama are crummy part-time jobs.
No matter which figure you believe, the Obama “recovery” is a mirage. This economy is only doing well if you want a job at McDonalds.
Even worse for taxpayers, of the few full-time jobs created, almost half are government jobs.
Folks, Obama is using your taxpayer money to create government jobs that actually hurt the economy and raise your taxes. Your typical government employee collects more money in retirement than they made while working. Every government job is a gigantic net loss for taxpayers. This is a disaster. This is one of the major factors for how America wound up $17 trillion in debt – with a massive unfunded liability for government employee pensions. We desperately need private sector jobs, not government jobs.
We desperately need private sector jobs, not government jobs.
But this is no mistake. Obama is brilliant. He wants more and more government jobs – because government employees will always protect their jobs by doing Obama’s bidding (including reporting fraudulent jobs numbers at the Census Bureau, or persecuting Obama’s critics at the IRS). And, of course, they will always vote loyally Democrat and pay union dues (which turn into bribes that fund Democrat candidates).
How bad is the private sector economy? A new study shows 41 of 50 states have lost private sector jobs under Obama.
But even that doesn’t tell the full story. I’ll make an educated guess that 80 percent of the few private sector jobs actually created under Obama belong to Big Business. Obama’s policies have purposely rewarded his backers in big business, while gutting small business, the economic sector where Americans can achieve upward mobility. If you want people to be self sufficient, reward and encourage small business. If you want people to become dependent on government, create a “crony capitalist” system that puts government in bed with big business.
Small business drives the American Dream. Like my father, who went from butcher to butcher store owner, and then put his two children through Ivy League university. Jobs at McDonalds, Home Depot and WalMart are a place to get a start, but only a socialist like Obama (whose goal is to make everyone dependent on big government by wiping out the middle class), would consider creating low-paying jobs for big business a success. Next of course, Obama dreams of giving amnesty to 10 to 15 million illegal immigrants, guaranteeing (due to competition) nothing but low wage jobs for decades to come.
Lastly, the biggest media scam of all is allowing Obama to report unemployment as “improving,” when the major reason for an improved unemployment number is due to people dropping out of the labor force to go on welfare, food stamps and disability. In October, a record 932,000 people simply stopped looking for work.
That’s what causes each month’s “drop” in unemployment. It isn’t jobs, it’s lost souls giving up because it’s impossible to find a job in Obama’s America, or it pays more to sit at home collecting welfare.
In this Thursday, Nov. 14, 2013, file photo, Jimmetta Smith, of Lithonia, Ga., right, the wife of a U.S. Marine veteran, holds her resume while talking with Rhonda Knight, a senior recruiter for Delta airlines, at a job fair for veterans and family members at the VFW Post 2681, in Marietta, Ga. (AP Photo/David Goldman, File)
Facts don’t lie:
Along with the U6, the real unemployment number that matters is the Labor Force participation Rate. It is at the lowest level since the 1970’s.
The population of America has increased by 16 million in the past seven years, but there are 1.1 million less people working.
More Americans now receive entitlements than work full-time.
The 46 million Americans in poverty is twice as large as the population of Syria.
The truth is America is experiencing an “Obama Great Depression.” Obama is the greatest jobs killer in U.S. history. And things will only get worse from here. Or did you think a bad economy with no jobs would get better now that Obamacare has been unleashed on the nation?
Obama has attacked business with $1.8 trillion in new regulations for 2014, massive new Obamacare taxes, dramatic increases in the cost of health insurance, and to top it off- millions of individuals and small businesses are losing their insurance altogether. And in the midst of this, you thought the economy would improve? You believed the lies, fabrications, and manipulations coming from this administration? I have a bridge to sell you in Brooklyn.
Things are getting worse, not better. But Obama, the Fed, government economists, and the Obama-adoring mainstream media can’t tell you the truth. Or we’d have rioting, unrest, and perhaps even revolution in the streets. So they just keep lying and denying, while sending out government checks like candy to soothe the masses.
So the greatest Ponzi scheme in world history continues unabated.