Participation Rate Scam
The main stream media is fond of quoting the white house and other federal agencies when talking about the unemployment rate. It is the biggest lie since women said they were equal to men. Sure, if you only count the people that are on unemployment, it will look like unemployment is going down. However, it has been said over and over again that in order to get to pre 2006 employment rates, we would have to add 250,000 jobs every month for 3 years. Wait, let me rephrase that. We would have to add an additional 250,000 jobs every month for 3 years, by the private sector, over and ABOVE filling the jobs that we lose from people being retired or otherwise leaving the labor force altogether, like death.
Many say, the jobs that we had pre 2006 will not come back. With the subsidies that congress and Obama gives corporations to ship jobs overseas, I tend to believe the “experts”. Manufacturing is a joke. Food is a joke. Industrial mining is a joke. In fact it is almost as if we were once again a colony of some European power. We don’t produce any sizable finished products ourselves. We ship in our food on a massive scale. We buy raw materials from overseas, have them shipped to plants overseas, and import the finished products that we have to then pay for. India at least go paid for picking and exporting cotton. Gandhi would have revolted if he were American and alive today.