The Beginning Of The End
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Unemployment Is Not Going Down: The Employment Rate Has Been Under 59 Percent For 39 Months In A Row

The mainstream media is heralding the decline of the official unemployment rate to 7.7 percent as evidence that the U.S. economy is improving.  But it is a giant lie.  The truth is that unemployment in America is not actually going down.  The percentage of working age Americans with a job actually dropped slightly in November.  During the last recession, the percentage of working age Americans with a job fell from about 63 percent to under 59 percent and it has stayed there for 39 months in a row.  In September 2009, during the depths of the last economic crisis, 58.7 percent of all working age Americans were employed.  In November 2012, 58.7 percent of all working age Americans were employed.  It is more then 3 years later, and we are in the exact same place!  So how in the world are they able to pretend that the "unemployment rate" is going down steadily?  Well, they get there by pretending that hundreds of thousands of unemployed workers "leave the labor force" each month.  According to the government, another 350,000 Americans left the labor force during November, and when you keep pretending that huge chunks of workers "disappear" each month it is easy to get the "unemployment rate" to go down.  But any idiot can see that there is something really funny about these numbers.  Barack Obama has been president for less than four years, and during that time the number of Americans "not in the labor force" has increased by nearly 8.5 million.  Something seems really "off" about that number, because during the entire decade of the 1980s the number of Americans "not in the labor force" only rose by about 2.5 million.  At this point the official unemployment rate is so manipulated that it is of very little value at all.

But the mainstream media is just eating up this "good news".  They are very excited that the "unemployment rate" has fallen from its peak of 10.0 percent in October 2009 to 7.7 percent now...

But if unemployment was actually going down, we should be seeing the percentage of Americans with a job go up.

Unfortunately, that is NOT happening.

As I mentioned above, the "employment rate" fell below 59 percent during the last economic crisis and it has stayed there for 39 consecutive months...

So all of that stuff about the employment situation getting better is just a load of nonsense.  The percentage of Americans with a job has stayed very, very steady since the end of 2009.  It is almost as if someone has hit a "pause button" and won't let unemployment get better or get worse.

This is the first time since the end of World War II that we have not seen the employment-population ratio bounce back in a significant way after a recession has ended.

To me, that is a very bad sign.

I also find it very interesting that the government revised the "job gains" for September and October downward in this recent report...

The government revised down job gains for September and October by a total 49,000. September's additions were revised from 148,000 to 132,000 and October's, from 171,000 to 138,000.

So it turns out that the glowing employment reports from those months that helped get Obama re-elected were really not that great after all.

The truth is that it takes somewhere between 100,000 and 150,000 new jobs a month just to keep up with the growth of the population.  So at best we are treading water.

And who is "creating" those new jobs?

According to an analysis performed by CNSNews.com, 73 percent of the jobs "created" over the past 5 months have been "created" by government.

But government does not create real wealth.

Real wealth is only created by the private sector.

It would be very nice if I could report a major employment turnaround, but it simply is not happening.

Instead, we continue to see an increase in the number of Americans living in poverty.

If things are getting better, then why are organizations like the Salvation Army seeing record numbers of families coming to them for help this holiday season?

For much more on the continued growth of poverty in the United States, just see this article.

Sadly, an increasing number of Americans find themselves forced to turn to the government for assistance, and the cost of caring for all of them has become extremely expensive...

According to the Republican side of the Senate Budget Committee, welfare spending per day per household in poverty is $168, which is higher than the $137 median income per day. When broken down per hour, welfare spending per hour per household in poverty is $30.60, which is higher than the $25.03 median income per hour.

But if you think that things are bad now, you should brace yourself, because things are going to get even worse.

For example, how much worse will things get if a fiscal cliff deal is not reached and millions more Americans find themselves in desperate need of help?  According to ABC News, more than 3 million Americans will lose unemployment benefits by the beginning of April if Congress does not do something...

Millions of unemployed Americans have another reason to worry about "fiscal cliff" budget talks that seek to avoid looming tax increases and dire spending cuts come January.

About 2.1 million people will stop receiving jobless benefits immediately if Congress doesn't reauthorize federal unemployment insurance programs by year's end. Another 1 million will lose benefits over the first three months of 2013.

2013 is already shaping up to be a very tough year.

But the mainstream media is not really talking about how the middle class is systematically being destroyed or about how our once great manufacturing cities are being turned into desolate wastelands.

They just want us all to be happy, but the cold, hard reality of the matter is that the U.S. economy no longer produces enough jobs for everybody and it never will again.

Both of our major political parties have fully embraced the emerging one world economic system which puts average American workers into direct competition for jobs with workers in third world countries where it is legal to pay slave labor wages.

Millions of good paying American jobs have been shipped to countries where workers work very long hours in absolutely horrific conditions for as little as 45 dollars a month.

Are you willing to work for 45 dollars a month?

Meanwhile, Americans that still do have jobs are piling up more debt than ever before.  It appears that most people have not learned any lessons from the last major economic crisis.  It has just been reported that consumer borrowing in the United States has hit a new record high...

Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high.

The Federal Reserve said Friday that consumers increased their borrowing by $14.2 billion in October from September. Total borrowing rose to a record $2.75 trillion.

Isn't that lovely?

And of course the biggest offender of all is our federal government.  They just keep borrowing money as if there was no tomorrow.

During the first two months of fiscal year 2013, the U.S. government has run a deficit of $292 billion dollars ($57 billion worse than last year) and during that time it has borrowed an average of $4.8 billion dollars a day.

30 years ago, the U.S. national debt was about 1.1 trillion dollars.

Now it is more than 16.3 trillion dollars.

To get an idea how much money 16 trillion dollars is, just watch this 2 minute video.

How could we be so stupid?

Yes, much of America is still experiencing "prosperity" right now.  But it is a prosperity that has been fueled by the greatest debt bubble that the world has ever seen.

When that debt bubble bursts the pain is going to be unbelievable.

If you actually believe that America is going to prosper in the years to come, you are just fooling yourself.

Our economy is declining and has been declining for quite some time.  If you doubt this, just read this: "34 Signs That America Is In Decline".

So that is the bad news.

But the good news is that even though the entire nation is not going to prosper, there will be those that will have prepared and that will have gotten themselves into position to take advantage of what is coming.  During the coming crisis a massive amount of money and wealth will change hands.  Instead of living in fear and cowering under a blanket, now is the time to figure out how you and your family can thrive during the hard times that are on the horizon.

During the economic crisis of 2008 and 2009, there were some people that actually did amazingly well.  So don't lose hope just because the U.S. economy is headed for disaster.

Everything that can be shaken will be shaken.  But if you understand what is happening and you prepare for it, the times that are coming can actually be a great adventure and a great blessing for you and your family.

But if you just stick your head in the sand and have blind faith in the system and pretend that everything is going to be okay somehow, then you will be blindsided by the coming crisis and you will only have yourself to blame.

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  • otter1111

    Gotta agree with this article. I’m losing my job at the end of this month, along with dozens of others in my company. I work for a smaller freight hauling airline, and it may go out of business soon.

    • http://www.facebook.com/people/Richard-Stefan/100000971661397 Richard Stefan

      Time to live close to the bone….sell everything you dont need. buy only those things you can make money with…it looks like a new laptop i-pad smart phone maybe a must have to even work at a job since you may not have a real office to goto everyday

      Ive notice a huge amount of ads on CL people trying to unload their cd and record collection….stuff that used to bring money 6-8 months ago is either 1/2 price or packaged with other stuff so it almost free!

      Also you might want to quit paying on those high interest credit cards……let them sue you just shut off your ringer and wait 6 months for them to sue you….if you have no money a judge just might dismiss the case……….But again in NYC some judges might make you come back in 6 months just to see if you are lying about being broke….

      My advice DO NOT BE AFRAID OF GOING TO COURT……..eat a good breakfast because it might take 2 hours for you name to be called and another hour or two to see a Judge or his assistant..( I was a paralegal)….. and DON’T be late….you could lose by default…

      • energizedmortal

        interesting information…i have defaulted on ALL my credit cards and student loans (except the one my uncle co-signed). I have been sued by more than one collector and was being garnished before I was laid off. I would be more than glad to pay all my debt but can’t get a job for the life of me and it seems like things will only get a lot worse. Can’t beat em join em, I may be in Afghanistan soon.

        • http://www.facebook.com/people/Richard-Stefan/100000971661397 Richard Stefan

          Don’t be stupid and put yourself in danger, file for welfare and food stamps. why not Obewanna wants you too…so start acting dependent. then find a little cash business on the side… How do you think those people can afford an Iphone???? oooh ooh that’s racist talk.

          Go to welfare and say the sheriff will cut off my electricity in 5 days…help me…

          Get your obewanna phone maybe you’ll go to a back to work program and maybe they will have some job training funds for you…ya gotta try…

          Plus if you got laid off you can collect Unemployment….that’s easy too just make an effort to contact 5 jobs per week, keep all the emails faxes and classified ads in a folder, so if they audit you you have all the bases covered and maybe the UI office might have some place you can get more training…. But Obewanna cut that too….

          • energizedmortal

            Thank you for the advice. A simple reply like this really goes a long way. I am collecting UE benefits and applying online everyday. Manhattan is very competitive but if there is a will there is a way. My IT background is becoming less valuable- gigs seem temporary and more foreigners do support remotely for a lot less so I may need to consider the health, energy and/or other technology sectors. I’ll keep my head up and ears open.

          • http://www.facebook.com/people/Richard-Stefan/100000971661397 Richard Stefan

            Thanks live in Queens and can see the new WTC from my picture window.

            You are right about IT, except our prez Obewanna has decimated the
            Labor dept…yet unions still voted for the turkey…go figure

            Its not so much foreigners are doing the work, its the total abuse of
            the Intern system you see everyday on CL Jobs that used to pay are
            now do it for your resume, which is fine at a non profit, but your work
            should not be used for the company to make a profit and not pay you.

            We are in INDIE America those INDIE were so desperate to be INDIE well they got their wish, YOU have to do all the work.

            So get you 5000 FB friends get a blog going with 50-100 active
            comments on each post, Even as a DJ you have to bring your own
            clients following to the table before people will pay you…

            Read this post….and its getting worse..

        • chilller

          The LAST thing anyone in this country should do is consider joining the ,military. My family has been in the military back to the war of independence but today’s warriors don’t fight for truth, liberty and freedom. They fight as corporate political pawns in the elitists world game of chess. If you’ve simply given up hope and WANT to die, don’t consider taking other lives with you…very bad ju-ju.

        • Mondobeyondo

          I’m a patriotic American, and I love my country. I would fight and die for it. BUT – our brave loyal soldiers serving in Iraq and Afghanistan are not so much fighting FOR America, as in THE NAME OF America! That is part of the reason why they (and many other people in the world) hate us. Bomb a village for democracy? Is that “freedom”? That’s not the America I grew up in. How is that defending America?

          I now kinda know, how those Vietnam deserters felt… oh gosh, I’m becoming a liberal! Argh! LOL!

    • davidmpark

      Stefan gives some great advice.

      Next year try to plant a garden. Chop up the whole backyard if needed. A lot of seeds (both heirloom and hybrids) are around $6 for bulk. Most of the time, neighbors who grow a lot food will give away seeds free of charge – at least I do. A single bag of 16-16-16 fertilizer and one bag 21-0-0 will do for the next 4 years. When I was unemployed for a long time, the garden was the reason I got out of bed: it was a part-time job that brought in wealth.

      Another idea is to look into some vocational training. Try a new career path. There are a lot of good paying jobs out there; it’s just they can’t find enough people willing to do ‘em.

      Good hunting and God keep you!

  • Day2Day

    Scary to think that, if you cut off all credit cards, this country would implode literally overnight…

    So where’s the REAL (Cash) wealth???

    • JustanOguy

      I’ve been waiting for that day for quite some time. Credit free since 2006 and waiting for reality to hit.

    • http://pulse.yahoo.com/_PPWQWZ7ZLDRW3D25PSJQFA2PHI Turf Talk

      Ponzi scheme economics means there may be an illusion of wealth (albeit more obviously just an illusion by the year) but the illusion will not last.

  • CRAT

    You state that properly prepared, one can prosper. Could you expand on that?

    • davidmpark

      Proper preparation is a part of good home economy. Think of your savings account: it’s there to provide you an emergency fund and a way to avoid necessary debt. Now, when combined with a food storage of 6 months basic foods (unprocessed grains, salt, dry milk, beans, sugars, and fats) then when inflation hits your savings account, then the inflation has the opposite effect on your food storage; raising it’s value. Then you don’t need to spend extra from your savings account to get the same foods you bought at a cheaper price earlier.

    • Hambone

      Great question… honestly, when the article finished, I was like ACK! Don’t stop there!

    • Ralfine

      If you don’t have the money, don’t spend it.

      If you save a little money over time, you can pay goods in cash, not credit card. You can save on all that interest payment that makes poor people poor and rich people rich.

      I have loan companies sending me advertising letters promising me up to $500 loan (with annual interest rates of 1000% and more). They are so pathetic. If I want $500 cash I go to the ATM and withdraw it from my savings account!

      When I was on welfare and got $400 per month, I divided that by 30 and decided to limit my spending to $10 per day. That is, I put only $10 in my wallet every day. In the evening I put the leftover in my savings jar, and put the next $10 into my wallet.

      At the end of the week I changed my savings change to bills. The bills went into my savings wallet, the small change into the Monday wallet in addition to the $10 so I can buy bulk and realise bulk purchase savings.

      And you always need to have large cash lumps lying around to pay for that coal delivery (I heated with coal at that time and the truck delivered a metric ton, that needed to be stored in the basement).

      Now I’m rich (and unemployed again) I put a $20 bill into my wallet when I go shopping.

    • chilller

      Something else to consider is exchanging some of that savings account $$$ for precious metals (gold/silver). Few people realize as inflation goes up it acts like a tax on your savings making it worth less. Quite the opposite happens with PM’s though because inflation raises the value of PM’s. And while the MSM touts falsely low inflation rates, this day will come too where they won’t be able to hide that smoke and mirror act either.

    • JustanOguy

      Yep…. look at other countries. Spending all of your money “prepping” when the crap hits the fan is a waste.

      Have your passport ready with enough gold/silver to get out. I have Ranch AND farm land but I already know the Govt. is going to be banging down the door to seize it when the time comes.

      I’d prefer to be in another country eating popcorn watching everything when the crap hits the fan. Explore your opportunities in other countries…. I already have another house in another country that does not rely on the “system”. There are numerous countries out there where the Government and some ponzi scheme system such as Wall St. does not run the country.

      Just do some research. $5 Steak and Lobster with a nice glass of wine is pretty nice.

  • richard

    I HAVE BROUGHT THIS UP BEFORE BUT MICHAEL ARE YOU TAKING IN TO CONSIDERATION THAT THERE ARE 10,000 PEOPLE A DAY OR WEEK?, GOING OUT ON SSI. THAT SEEMS TO ME THAT WOULD MAKE A BIG DIFFERENCE ON THE JOB NUMBERS. THAT IS A LOT OF PEOPLE.

  • Hambone

    Remember the old Ben Franklin saying, “A penny saved…” There is a book whose first chapter is “A penny saved is TWO pennies earned,” the point being to spend one dollar you actually need to earn two, due to taxes and the like.

    So, a quick way to earn extra money with a “double bonus” is to reduce spending. My family has eliminated a lot of discretionary spending. We have no cable, no smartphones (only pre-paid Tracfones), rarely eat outside of the home and employ budget-stretchers to meals at home, such as reducing meat and adding rice to soups and chili. Also, a small garden goes a long way.

    It’s a good habit to get into. Dropping cable was hard for a week, but it’s been close to ten years now, and I can honestly say my life is better.

    I wish the government would take Franklin’s advice.

  • Mark

    Gary, I hope you read Micheal’s article today. I posted this in yesterdays article, but I thought you might have missed it ,so here it is again. . According to a US Senate report total welfare spending equals approximately $168 per day for every househoid in poverty, this is higher than the $137 median income per day. Spending on federal welfare benefits, if convereted into cash payments,equals enough to provide $30.60 per hour. 40 hours per week, to each household living below poverty. The median household hourly wage is $25.03. After accounting for federal taxes, the median hourly wage drops to to between $21.50 and $23.45, depending on a households deductions and filling status. State and local taxes further reduce the median households hourly earnings. By contrast, welfare benefits are not taxed.

    The report identified roughly 80 overlaping federal means-tested welfare programs that together represented the single largest budget item in 2011- more than the nation spends on Social Security,Medicare, or national defense. The total amount spent on these federal welfare programs, when taken together with appoximately $280 billion in state contributions, amounted to roughly $1 trillion. Nearly 95% of these costs come from four categories of spending: medical assistance, cash assistance, food assistance,and social/ housing assistance. Under Obama’s 2013 budget proposel, means tested spending would increase an additional 30% over the next four years.

    Well Gary,in our last go around to bring you a step closer to the real world, you refered to me and other conservatives with rude remarks when I brought to your attention an article from Zerohedge. This is straight from your beloved government ,yes I do understand that a republican brought this into the light of day, we could not expect the democrats to bring this out now. How they take our tax dollars and waste them is another story.The FACT is that we taxpayers already spend more for welfare takers than the median income taxpayer EARNS . And you think that a taxpayer that EARNS $250,000 a year should give the federal government 70% plus state and local taxes,could leave the person that EARNED that money, about $50,000 after taxes. Based on the $30.60 per hour rate, the welfare taker rakes in $63,648 per year since they do not pay taxes on their benefits. Let’s cut corporate welfare, generational welfare and plain old regular welfare and defense. With those cuts we can shrink this bloated government to a smaller size and be closer to competing with other economies in the world so that private enterprise can create jobs. Let’s cut taxes to those that EARN their income. Everyone, including welfare takers, should pay a little bit of tax at the national level. Let’s get rid of the income tax below a certain amount and instead have a national sales tax of about 10%. Let’s put in some tarriffs on some imported goods as China does to our exports and tax unearned income at around 15 to 20% above a certain level and tax corporations at around 20%. That sounds more like a tax system that might be fair. Everyone pays a little and you still get to tax the rich. You,Gary might even have a dog in the tax fight under that system and in turn might complain if the government tries to raise your taxes on you.. Just think what effect we the taxpayers might have if we all had a dog in the tax fight. We might even force a change that would make the enviroment for jobs improved. We need to do something that is more fair for all.

  • Mark

    If you have not yet started, you need to get prepared first. If the cost of food goes up and your pay if you have a job does not rise at the same time, you might find yourself short of food. Stock up on the supplies that you use today if you have the money to do so. I think we found our next home operated business if a collaspe comes. A bread baking business. My wife has been after me to build a wood fired brick oven for a few years now. I just picked up 5 tons of nice red hard wheat for a very low price. I thought if we did not need it I could just feed it to the cows, instead baking bread for others could work out. This would only work out if the government fell apart enough that they could not enforce the new food safety laws and an outdoor brick oven might not pass their inspection. So at this point the cows will eat what we do not.
    The numbers that we get from the government each month are never true these days. This is done so that when the revised numbers come out the news cycle does not cover it and instead covers the new great news so the the stock market goes up. The dummies in the market never look back too see if the old numbers were cooked as they are like a drug addict always looking for a new high.

  • Mark

    New numbers have come out on the usage of food stamps and in August and September 1 million more were added to the roles The unemployment numbers drop as more slide into so-called poverty. Is the government telling us the truth? The government sure made things look rosey for some of the voters before the election. It is all a lie anymore. Believe them at your own risk.

  • Ralfine

    Did you ever have a look at all those conservative corporations that promised to bring the economy down if Obama were elected president?

    And don’t forget the oil price. Before 2008 it was $28 per barrel. Now $80 is considered “low”, and people at wallstreet are whining about losing money when the price drops below $80.

    And don’t forget the oil shale industry. Getting oil out of tar sand you need to so spend a lot of energy. It isn’t just dipping a barrel into a lake anymore. You need a digger to dig out the tar, then heat it, so the tar becomes liquid to separate it from the sand, and then boil it to extract gasoline.

    It’s like digging up all those tar covered streets and roof to get gasoline.

    That’s costly.

    Compare with that wind turbines, photovoltaics, biogas and other renewable energy sources.

    Sewage turbines – sewage running downhill propelling a turbine, generating electricity.

    Sewage slightly heated generating methane that is burned to heat steam that operated turbines to generate electricity.

    Just imagine all that dung from America’s beef industry used to generate electricity.

    Just imaging insulating all buildings and cutting heating costs in the North and cooling costs in the South down by 80%.

    The technology to use just motor heat to operate the car airconditioner (instead of electricity) is about 100 years old, but isn’t used.

    There are so many opportunities, and so much money to be saved by the average Joe and Jane.

  • chilller

    Why are people not raising cane about the way the guberment figures unemployment numbers with every political parasite in their district? By doing nothing you condone this kind of criminal behavior.

    “There’s nothing to lose by doing a lot and lot to lose by doing nothing.”

  • JustanOguy

    Another good post explaining something that the lamestream media is not going to explain, Michael.

    And here is the reality of why:

    The money makers of the country want positive news to make more money.

    Sadly…. I have to throw in the towel for the fight to tell the truth and just join the 1%’s to make my money while I can. That’s the sad reality of how I feel after this past election and the nimrods that voted to keep going broke….

    Well… Give em what they want.

    I lived overseas for over a decade so I have no fear of bailing out of the U.S. and taking my money with me when the crap hits the fan and to let the “takers” eat garbage.

    No shortage of my friends who feel the same way. Maybe we’ll come back when people wake up and realize the damage that Washington D.C. and Wall St. have done to America and stop looking to the creators of the problems in the first place as the people who have the solutions.

    It is what it is… My real estate in a certain foreign country is going through the roof as the people who know what is going on are securing homes/real estate there.

    We laugh at the DA Preppers wasting all of their money “prepping” to stay in this country.

    Cheers!

    • Mark

      Just like the government can steal your land by force in the US if they don’t respect property rights, the government in your overseas country can do the same and you are not even a local that can vote if voting even happens there. If government becomes all powerful in it’s own eyes, it can be very cruel.

  • Syrin

    This is just getting started. Wait until those 15,000+ new regulations kick in. Wait until those business killing tax hikes kick in. Wait until the productive cut back hours, wages, benefits and employees. Why work? I’m not an indentured servant as much as idiots like GARY would like to believe.

  • Washington76

    This is the best idea I have heard from the Republican side yet.

    Rand Paul “I Will Work With Harry Reid To Let Him Pass His Big Old Tax Hike”

    http://www.youtube.com/watch?v=fC3Cand6ySI

  • Washington76

    Government Spending Doesn’t Create Jobs

    http://www.youtube.com/watch?v=Q6xIw9eYxOs

  • El Pollo de Oro

    Makati1: A conversation I’ve often had with people is the “big cities v. small towns when the you-know-what hits the fan” conversation. And I’m not convinced that small towns are going to be all that safe when the BRA goes into an economic
    meltdown even worse than the 1930s Great Depression. It’s true that you have much greater population density in large cities and that dysfunctional, drugged out people are living on top of one another. But in Mexico and Honduras, some small towns have become absolute war zones. And out in the western part of the BRA, there are plenty of small towns where crystal meth is pandemic and people are methed out of their minds. Many Americans live in remote areas, and the advantage of committing violent crimes in remote areas is the possibility of having few, if any, witnesses around.

    These are incredibly dark times we’re living in. God help The Banana Republic of America.

  • Mondobeyondo

    Okay… before you look at the declining (?!?!) unemployment rate, and start hyperventilating in sheer excitement – you know, “Woo-hoo! People are getting jobs! The recession is OVERRR!!” – you have to realize a couple things:

    1 – Much of the “new jobs” are seasonal – for the holiday season.
    2 – Many of those jobs are part-time, temporary, or both.
    3 – Many of these jobs are in low-wage retail, customer service or packaging positions. Hardly enough to feed a family, pay the rent or mortgage, and pay down that credit card that you maxed out when you bought that 50 inch HDTV on Black Friday.

    “Our economy is recovering”… President Obama*
    Does this sound like a recovering economy to you?

    * – it wouldn’t be the first time he’s lied to us.

    • Mark

      It will sadly not be the last time that he lies to the public in the months ahead.

  • Mondobeyondo

    It’s worse than the general public thinks it is. Much worse.
    Even NFL football players are committing suicide. You’d think they’d be financially set for life… so you can imagine the situation the “huddled masses” must be in.

    • Mark

      That was very good Mondo, Thanks

  • Mondobeyondo

    “When the ship goes down, you’d better be ready” – Cypress Hill
    (and that’s the clean version of the song!)

    It’s about to get very scary. It’s going to be much worse than Greece or Italy, and almost everyone in the U.S. has weapons – not rocks or sticks, but firearms. People in other countries throw Molotov cocktails at the police. In America, people will start shooting at the police (who of course will shoot back). This will not end well.

  • Mark

    I would say it is a lot worse than that in south west Oregon. The only good thing is that their are not masses of people in a large city around here.

  • http://www.facebook.com/michael.dubin.75 Michael Dubin

    The rise in gov’t jobs could be due to the Obama and Romney campaigns hiring temp staff.

  • fleabug

    Labor and Statistics LIE. Unemployment is going down? After Mr. O stole the election corporation after corporation started closing offices and laying off people left and right. Whole factory plants are closing, Small business is dying and the our government says unemployment is going down, WHAT A BUNCH OF HORSE S__T. The only thing that make this crap more nauseating is that the general public believes this BS.

  • JustanOguy

    When the unofficial unemployment numbers hit 40%+, everybody will just be sitting around playing Call of Duty or Madden and eating Beans & Rice.

    Really no big deal.

    When you can no longer buy cola products, chips, Ice Cream and Steaks with food stamps, then you might have to start worrying.

    Reality is the standard of living is FAR higher then the GD days. Poor people today have the luxuries that only the uber wealthy had during the GD.

    Production methods for what really matter (food) and the methods of delivery are FAR superior and FAR more efficient then the GD days.

    So what if Wall St. and the big banksters went under? There would be a temporary halt but nothing that could not be solved from the real producers in this country. (Certainly not going to be solved by the Politicians.)

    Inner cities burn but whatever. Sometimes a good cleansing and creative destruction is needed for a long term truly sustainable solution.

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