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Two Americans Added to Food Stamp Rolls for Every Job Created

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Photo Credit: WonderlaneWhite House Press Secretary Jay Carney said yesterday that the Obama administration has pulled the nation from the depths of the “Great Recession” with the creation of 7.2 million private sector jobs.

“And what is absolutely true is that we have come a long way since the depths of the Great Recession. We’ve created over 7.2 million private sector jobs,” Carney told reporters at a press briefing.

Here’s what Mr. Carney didn’t say:

Since February of 2009, the first full month of Obama’s presidency, 9.5 million Americans have dropped out of the labor force. Nearly 90 million Americans are not working today!

Read more from this story HERE.

Economic Recovery? Not Hardly

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Photo Credit: Getty ImagesIn recent months, Americans have heard reports out of Washington and in the media that the economy is looking up—that recovery from the Great Recession is gathering steam. If only it were true. The longest and worst recession since the end of World War II has been marked by the weakest recovery from any U.S. recession in that same period.

The jobless nature of the recovery is particularly unsettling. In June, the government’s Household Survey reported that since the start of the year, the number of people with jobs increased by 753,000—but there are jobs and then there are “jobs.” No fewer than 557,000 of these positions were only part-time. The survey also reported that in June full-time jobs declined by 240,000, while part-time jobs soared by 360,000 and have now reached an all-time high of 28,059,000—three million more part-time positions than when the recession began at the end of 2007.

That’s just for starters. The survey includes part-time workers who want full-time work but can’t get it, as well as those who want to work but have stopped looking. That puts the real unemployment rate for June at 14.3%, up from 13.8% in May.

The 7.6% unemployment figure so common in headlines these days is utterly misleading. An estimated 22 million Americans are unemployed or underemployed; they are virtually invisible and mostly excluded from unemployment calculations that garner headlines.

At this stage of an expansion you would expect the number of part-time jobs to be declining, as companies would be doing more full-time hiring. Not this time. In the long misery of this post-recession period, we have an extraordinary situation: Americans by the millions are in part-time work because there are no other employment opportunities as businesses increase their reliance on independent contractors and part-time, temporary and seasonal employees.

Read more from this story HERE.

Video: Although Obama Aide Refuses to Answer, “Are you better off now than 4 years ago?”, Dem Governor Does

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Although one of Obama’s top aides, David Axelrod, refused to answer the question of whether Americans are better off now than they were four years ago, a potential 2016 presidential contender, Maryland Democratic Governor Martin O’Malley, did. Here’s a very short clip of his interview on Face the Nation today:

The Great Deconstruction of big government and public union

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The economic downturn of 2008 – 2009 has been labeled “The Great Recession” for good reason. Eight million Americans lost their jobs compared to six million in the last four recessions combined dating back to 1980. The jobless recovery may trigger a double dip recession in 2011. The Federal Reserve Bank of New York estimates that homeowners’ equity has fallen by over 50 percent, or about six trillion dollars, during this period. Some 22 percent of all mortgages are now under water. And, economists predict that between eight and 13 million homes will have been foreclosed before the crisis ends.

The eight million jobs lost during the Great Recession were primarily in the private sector. While the private sector was ravaged, the public sector was protected and bolstered by the $800 billion Stimulus Bill (3) in 2008 that sent more than $200 billion to the states to keep public sector employees employed. The Stimulus money that California received allowed California to avoid the job cuts demanded by a state budget more that $20 billion out of whack.

Ironically, it will be the actions of the Tea Party, a movement that had no significant affect on California’s 2010 election, that will impact California’s future. While the Tea Party swept more than 60 Democrats out of the Congress in 2010 and replaced them with freshman conservative Republicans, there was no such sweep in California. Democrat Governor Brown easily won his election as did Barbara Boxer and literally every Democrat running for state-wide office.

The vote in the House of Representatives, led by the freshman Republicans, will reduce Federal spending by $2.1 trillion over ten years. The framework would immediately cap domestic and defense spending. These changes will find their way to California and signal the end to Sacramento’s budgetary fiction that the Federal government will bail out the wasteful spending of state politicians. California will be forced to solve its budgetary shortfalls the same way as their federal counterparts – with less money than before.

The period following The Great Recession will be known as “The Great Deconstruction” and will usher in draconian cuts in public sector jobs and a reduction in size of California’ s government. Deconstruction is defined as the wholesale elimination of entire programs, their permanent funding and the jobs involved.

Read More at CA Political Review Robert J. Christiano, California Political Review