Friday, March 08, 2013

When success is failure

The mainstream media trumpeted the good job creation news - "unemployment" is down from 7.9 to 7.7%.  They conveniently ignore the corresponding announcement that the number of adults designated 'not in the labor force' by the Labor Department grew even faster.  This administration is particularly good at hiding record levels of unemployment behind record levels of dole payments which entice people out of the formal labor market and lower unemployment statistics.  It is good that we have social welfare systems that protect people from utter destitution.  However these systems also take pressure off of the elites:  without the various doles, the breadlines would be almost as long as those in the Great Depression.

Jobs Report: February Employment Surged By 236,000 Jobs Amid Housing Recovery

Record 89,304,000 Americans 'Not in Labor Force' -- 296,000 Fewer Employed Since January

One thing seems to always be true: in Obama's America, the faster we run, the further we fall behind. Unless you are on Wall Street or the Federal pay/subsidy/tax subsidy/regulatory subsidy/dole-roll.

It's all so progressive.

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