Allen West “Our economy is shrinking and yet we’re still being fed a story that things are getting better”

RepWest

by Allen West via Facebook

This week the President dissolved his jobs council (which only met once in 2012) while another 169k people disappeared from the workforce. The “official” unemployment rate is 7.9% but there are now 89 million Americans no longer in the workforce. Black unemployment is 13.8%, it’s 9.7% for Hispanics and 23.4% for teens. Real unemployment (based on U6) is over 14%. Our economy is shrinking and yet we’re still being fed a story that things are getting better- only if you measure it by how many people are dependent on the government, I suppose.

 

6 responses to “Allen West “Our economy is shrinking and yet we’re still being fed a story that things are getting better”

  1. In shrinking economy, IRS expects insurance costs for families of four or five in 2016 will be about $20,000. “CNSNews.com)– In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.

    “Mission is simply what we find irresistible to do when we  really believe that God loves us.”  M. Craig Barnes in When God Interrupts. My birthday verse is 1 John 3:24 NIV Those who obey his commands live in him, and he in them. And this is how we know that he lives in us: We know it by the Spirit he gave us.

    • The Bureau of Labor Statistics released jobs numbers for January Friday showing that nonfarm payroll employment increased by 157,000 and the unemployment rate rose to 7.9 percent.

      Lost in these headline numbers was another rise in the number of people not in the labor force.

      This number now stands at a staggering 89 million, up from 80.5 million when President Obama took office.

      This means that there are currently 8.5 million more Americans not in the labor force than just four years ago.

      Forget all the other numbers.

      This continued explosion of people not in the labor force should be tremendously concerning as it represents an obstacle for the government to ever balance the budget without drastically raising taxes on those still working.

      Read more: http://newsbusters.org/blogs/noel-sheppard/2013/02/01/85-million-americans-left-labor-force-obamas-first-term#ixzz2JnARDraY

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