Barack Obama has touted his economic record. Hillary Clinton has praised Obama’s economic record and claims she’ll continue his legacy. Progressive socialists have used and overused the tired old line about Obama saving the economy from the greatest economic collapse since the depression. The truth is, we are in the worst economic recovery since the Great Depression and there’s irrefutable proof.
As reported by Fox News in a piece called America’s Quiet Catastrophe, “From one perspective, things are looking pretty good in America today. The stock market — and U.S. personal wealth holdings — are at or near their all-time highs, and unemployment rates are back down to 5 percent or less—well below the postwar average, and purportedly even near “full employment,” according to widely received wisdom. But a closer look reveals something else entirely.
These optimistic indicators mask a quiet catastrophe hiding in our shadows. Work rates—officially, the employment to population ratio—have collapsed for men and women alike since the turn of the century, and the shocking truth is that for adult men they are now actually lower than they were in 1940—at the tail end of the Great Depression.
According to the latest (September 2016) figures from the U.S. Bureau of Labor Statistics, every unemployed prime age man in America has three counterparts neither working nor looking for a job.
Today some 7 million prime age men are neither working nor looking for work: nearly one in eight. Over-represented in this un-working army are: the less-educated; the never-married; and African-Americans. (Immigrants, interestingly enough, have above-average work rates and labor force participation rates, no matter what ethnicity.)
The collapse of work for men appears to be at the center of many of America’s current social and economic woes—slower economic growth; widening income and wealth gaps; increasing family fragility; stalling social mobility; and rising distrust and dis-satisfaction with our system.
Washington’s unemployment numbers are supposed to gauge the health of our labor markets, but they cannot help but mislead. They were devised in a bygone era when there were only two alternatives for an able bodied man: 1) to work, or 2) to be looking for work if you are not employed. Nowadays, thanks to our increased general affluence and our modern welfare state, there is a “third way”—the work-less life, neither working nor looking for it—and for two generations, this has been the fastest growing contingent among prime working age American men.”
The unemployment numbers promoting the myth of a 5 percent rate are deceiving since there is no figuring of the amount of people who have dropped out of the workforce and not actively seeking employment. And really, what we’re doing in America is counting part-time jobs as full-time equivalent positions — and Americans are working more part-time jobs to keep their heads above water. Thanks Obama, for redefining a full time work week.
The actual unemployment rate for America is very close to 11 or 12 percent, that is, if the current administration wasn’t manipulating the denominator — that trick was done in October 2012, and Jack Welch and I called the Obama administration out on it.
Furthermore, record numbers for the Dow Jones Industrial average have more to do with the Federal Reserve printing money than our actual economic growth — where our GDP is anemic, with quarterly rates barely at one percent. And the clock is ticking for Barack Obama, as he’ll end up being the first U.S. president never to never achieve a 3 percent GDP growth, since that measure has been calculated.
What Obama has achieved is a critical tenet of a socialist economic model: expansion of the welfare state, the dependency society. And why is that important? It’s for electoral patronage of course.
For the left, economic growth isn’t as important as it is to have a dedicated economic plantation where collective groups cannot survive without government largesse. Consider it was Bill Clinton who made the State of the Union address claim twenty years ago, “the era of big government is over.”
Even Art Laffer, Ronald Reagan’s economic advisor voted not once, but twice for Bill Clinton. And why not? Clinton worked with true conservative Republicans in the House and Senate to balance the budget, create a surplus, reduce the size of the federal government, and develop welfare reform.
However, today in Washington DC we have no true fiscal conservative Republicans who would stand up to a progressive socialist president. They were elected to have overwhelming House and Senate majorities, the largest post World War II, yet they haven’t used the power of the purse to reign in the federal government under Barack Obama. And remember Bill Clinton quickly dumped the whole Hillarycare fiasco after his 1994 midterm election debacle – that’s evidence of a pragmatic leader,not an intransigent ideologue who refuses to admit he is a failure.
The liberal progressives have done everything possible to discourage work and employment in America. Their continued extension of unemployment benefits gives witness to a party that prefers to erode the resolute work ethic of America, and mainly our men.
Consider Barack Obama’s remark about bankrupting the coal industry, and Hillary Clinton’s quote, “We’re going to put a lot of coal miners and coal companies out of business.” When Clinton was confronted by an actual coal miner about her statement, as usual she obfuscate — ok, lied — and then proceeded to tell this healthy young American man the government would take care of him and retrain him. How disrespectful and dismissive, but a clear window into the liberal progressive mindset. We know what’s best for you and will give you subsistence.
It was the insidious and intentionally destructive policy of Lyndon Johnson to give checks to women who had children out of wedlock, regardless of how many, as long as there was no man in the home. So, the federal government pushed aside male responsibility for the most basic duty — fatherhood. And now, in the black community only 24 percent of kids have two parents in the home. Now, combine that with the genocidal rate of abortion in the black community and the lack of job opportunities, high unemployment, and criminal activity — especially for black men — and you have the recipe for the disaster that has become American urban centers.
And who has been in political control of these urban centers for these past almost 60 years? Yes, the definition of insanity is to continue to do the same thing and expect different results. So why does anyone vote for the new American Socialist Party? Well, based on the definition, it is insanity.
So, is there any argument why Democrats don’t like the concept of “right to work?” Heck, these chuckleheads don’t want you to work, period!