Moody's Predicts Democrat Landslide

[Roudy]

And these models are never wrong ...

Our Moody's Analytics election model now predicts a Democratic electoral landslide in the 2016 presidential vote. A small change in the forecast data in August has swung the outcome from the statistical tie predicted in July, to a razor-edge ballot outcome that nevertheless gives the incumbent party 326 electoral votes to the Republican challenger's 212.

Just three states account for the change in margin, with Ohio, Florida and Colorado swinging from leaning Republican to leaning Democrat. The margin of victory in each of these important swing states is still solidly within the margin of error though, and will likely swing back and forth in Moody's monthly updates ahead, underlining the closeness of the election to come. Furthermore, three of the candidates for the Republican nomination enjoy favorite-son status in Ohio or Florida, potentially making the outcome of those important states even more unpredictable.
​

Democrats to Win in a Landslide in 2016, According to Moody's Election Model

Even when the gop finally pick jeb rubio Cruz jindal Walker kasich or christie that persons policies aren't popular. Just look how carson trump and fiorino are killing.

Gay marriage taxes on the rich sending jobs overseas middle class guns iran global warming. America does not like the GOP. They only win midterms cause people don't vote midterms.

Ah so republicans won in the mid terms because people don't vote mid terms. It's fun watching you people lie to yourselves.

 

[Dad2three]

Today's Federal Reserve Beige Book: The overall Labor supply continues to be "very tight", with contacts noting shortages of workers. Pay rates have grown by 3 percent to 20 percent, with the sharper increases reflecting a greater supply-demand gap.

The US Economy is kicking ass & Obama could win a third term.

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

Lowest sustained tax "burden" on the "job creator" since 1932 and record Corp profits, and first time EVER labor costs are half of a Biz costs, and YOU are saying they aren't paying a living wage Bubs? Perhaps go back to PUNISHING those "job creators"

 

[rightwinger]

What's wrong with a reasonable moderate? Maybe cutting the shit out of everything isn't the right path to take....Ever thought of that!

What's wrong with a reasonable moderate? Maybe cutting the shit out of everything isn't the right path to take....Ever thought of that!

I look at historical results.

History says you are wrong and leftist are wrong.

considering that leftist preach about education, they must know this. So why do you support ideas that you know will make our economy worse and lie to people about it?

Get off hate talk radio and grow a fukkn brain dummy!

Harding (R) had to deal with a depression, he cut Fed taxes and spending in 1/2, the depression ended in 18 month and lead to the Roaring 20's.
fdr (D) had to deal with a depression, he upped Fed spending and increased taxes, the depression turned into the Great Depression and lasted 10 years, there was no economic boom.



you can look up all this yourself, and then you can explain why you still support fdr-obamas bad ideas.

The Great Depression was caused by the lax economic policies started by Harding and Cooledge.
By the time FDR came in, the Depression had been raging for three years

Like Obama found out, you don't fix a Republucan economic crisis overnight

Yep, second biggest hole since he first GOP great depression, though the CONservatives had a doozy in the 1870's too!

The last time, it was twenty years before the next Republican got elected

This time, it may be forty years

 

[Roudy]

Today's Federal Reserve Beige Book: The overall Labor supply continues to be "very tight", with contacts noting shortages of workers. Pay rates have grown by 3 percent to 20 percent, with the sharper increases reflecting a greater supply-demand gap.

The US Economy is kicking ass & Obama could win a third term.

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

Retirement Among Baby Boomers Contributing To Shrinking Labor Force.

Demographics have always played a big role in the rise and fall of the labor force. Between 1960 and 2000, the labor force in the United States surged from 59 percent to a peak of 67.3 percent. That was largely due to the fact that more women were entering the labor force while improvements in health and information technology allowed Americans to work more years.

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.

In a March report titled "Dispelling an Urban Legend," Dean Maki, an economist at Barclays Capital, found that demographics accounted for a majority of the drop in the participation rate since 2002

The incredible shrinking labor force


The Spectacular Myth of Obama's Part-Time America—in 5 Graphs
A falsifiable claim, falsified


Feb 7, 2014


The first thing you would expect to see from a Part-Time America is that the number of part-time jobs added would rival the number of full-time jobs added. But in the last year, new full-time jobs outnumbered part-time jobs by 1.8 million to 8,000. For every new part-time job, we're creating 225 full-time positions.


Okay, but one year is just one year! Let's keep looking.

The second thing we should expect to see from Part-Time America is a growing number of part-time jobs since Obama came into office and started passing laws. Here's a graph showing the number of people working part-time for economic reasons since March 2010, the month Obamacare was passed.

Huh, nothing there. In fact, the number part-time workers has fallen in the last four years.

Okay, well, raw numbers can be deceiving. After all, the labor force has declined since 2010. So let's graph these part-time workers as a share of the labor force. Surely that will show a rising line...



... dang it.

Maybe I'm being unfair. Three years of data just isn't much context. So let's draw back the lens and look at part-time workers as a share of the labor force since, say, 1980...




... and then compare it to the unemployment rate (in RED) since 1980.


Okay, now here's something: Part-time work, as a share of the economy, is historically high. But these graphs don't make the point that Obama, or long-term global economic trends, are driving the rise in non-voluntary part-time work. Instead, the rise of part-time work seem to be 100 percent the creation of economic downturns. That's why it seems to be holding hands with unemployment, riding the roller coaster up during recessions, and down during recoveries.

But what about part-time employment for non-economic reasons? The story here is short and sweet: There is no story here. The share of Americans working part-time for personal reasons—they're in school; they're raising kids; they're ill—is flat and trending down, according to the San Francisco Fed.

The Spectacular Myth of Obama's Part-Time America—in 5 Graphs



lol


Conservatives just ignore facts and reality. They have "faith" that their ideology is correct.

But oh wait, it's "The Atlantic"! Another liberal garbage propaganda mouth piece. Ha ha ha.

 

[Roudy]

I look at historical results.

History says you are wrong and leftist are wrong.

considering that leftist preach about education, they must know this. So why do you support ideas that you know will make our economy worse and lie to people about it?

Get off hate talk radio and grow a fukkn brain dummy!

Harding (R) had to deal with a depression, he cut Fed taxes and spending in 1/2, the depression ended in 18 month and lead to the Roaring 20's.
fdr (D) had to deal with a depression, he upped Fed spending and increased taxes, the depression turned into the Great Depression and lasted 10 years, there was no economic boom.



you can look up all this yourself, and then you can explain why you still support fdr-obamas bad ideas.

The Great Depression was caused by the lax economic policies started by Harding and Cooledge.
By the time FDR came in, the Depression had been raging for three years

Like Obama found out, you don't fix a Republucan economic crisis overnight

Yep, second biggest hole since he first GOP great depression, though the CONservatives had a doozy in the 1870's too!

The last time, it was twenty years before the next Republican got elected

This time, it may be forty years

More republicans elected to the House and Senate in 2014 since the WWII.

TALK ABOUT HOLES. Ha ha ha.

 

[ScienceRocks]

Today's Federal Reserve Beige Book: The overall Labor supply continues to be "very tight", with contacts noting shortages of workers. Pay rates have grown by 3 percent to 20 percent, with the sharper increases reflecting a greater supply-demand gap.

The US Economy is kicking ass & Obama could win a third term.

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

Retirement Among Baby Boomers Contributing To Shrinking Labor Force.

Demographics have always played a big role in the rise and fall of the labor force. Between 1960 and 2000, the labor force in the United States surged from 59 percent to a peak of 67.3 percent. That was largely due to the fact that more women were entering the labor force while improvements in health and information technology allowed Americans to work more years.

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.

In a March report titled "Dispelling an Urban Legend," Dean Maki, an economist at Barclays Capital, found that demographics accounted for a majority of the drop in the participation rate since 2002

The incredible shrinking labor force


The Spectacular Myth of Obama's Part-Time America—in 5 Graphs
A falsifiable claim, falsified


Feb 7, 2014


The first thing you would expect to see from a Part-Time America is that the number of part-time jobs added would rival the number of full-time jobs added. But in the last year, new full-time jobs outnumbered part-time jobs by 1.8 million to 8,000. For every new part-time job, we're creating 225 full-time positions.


Okay, but one year is just one year! Let's keep looking.

The second thing we should expect to see from Part-Time America is a growing number of part-time jobs since Obama came into office and started passing laws. Here's a graph showing the number of people working part-time for economic reasons since March 2010, the month Obamacare was passed.

Huh, nothing there. In fact, the number part-time workers has fallen in the last four years.

Okay, well, raw numbers can be deceiving. After all, the labor force has declined since 2010. So let's graph these part-time workers as a share of the labor force. Surely that will show a rising line...



... dang it.

Maybe I'm being unfair. Three years of data just isn't much context. So let's draw back the lens and look at part-time workers as a share of the labor force since, say, 1980...




... and then compare it to the unemployment rate (in RED) since 1980.


Okay, now here's something: Part-time work, as a share of the economy, is historically high. But these graphs don't make the point that Obama, or long-term global economic trends, are driving the rise in non-voluntary part-time work. Instead, the rise of part-time work seem to be 100 percent the creation of economic downturns. That's why it seems to be holding hands with unemployment, riding the roller coaster up during recessions, and down during recoveries.

But what about part-time employment for non-economic reasons? The story here is short and sweet: There is no story here. The share of Americans working part-time for personal reasons—they're in school; they're raising kids; they're ill—is flat and trending down, according to the San Francisco Fed.

The Spectacular Myth of Obama's Part-Time America—in 5 Graphs



lol


Conservatives just ignore facts and reality. They have "faith" that their ideology is correct.

But oh wait, it's "The Atlantic"! Another liberal garbage propaganda mouth piece. Ha ha ha.

Really, real federal data is propaganda. Wow.

 

[Roudy]

Today's Federal Reserve Beige Book: The overall Labor supply continues to be "very tight", with contacts noting shortages of workers. Pay rates have grown by 3 percent to 20 percent, with the sharper increases reflecting a greater supply-demand gap.

The US Economy is kicking ass & Obama could win a third term.

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

Lowest sustained tax "burden" on the "job creator" since 1932 and record Corp profits, and first time EVER labor costs are half of a Biz costs, and YOU are saying they aren't paying a living wage Bubs? Perhaps go back to PUNISHING those "job creators"

What are you babbling, over 30 million people and rising are out of work.

 

[Dad2three]

Today's Federal Reserve Beige Book: The overall Labor supply continues to be "very tight", with contacts noting shortages of workers. Pay rates have grown by 3 percent to 20 percent, with the sharper increases reflecting a greater supply-demand gap.

The US Economy is kicking ass & Obama could win a third term.

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

We told you about real unemployment when bush was president. You guys said if you weren't working you were responsible for you. Now the economy is getting better so now that's actually more true than ever.

Another reason you're wrong, and there are many, is companies aren't hiring the unemployed. So don't blame Obama, blame corporations. I know you can't blame what you worship.

Corporations are greedy and they have been able to form into giant corporations that don't have much competition because the government doesn't break them up. These giant corporations then outsource jobs to asia to make billions of dollars and yet the gop kisses their ass.

Reaganomics killed America’s middle class

There’s nothing “normal” about having a middle class. Having a middle class is a choice that a society has to make, and it’s a choice we need to make again in this generation, if we want to stop the destruction of the remnants of the last generation’s middle class.

Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens’ novels.

At the top there is a very small class of superrich. Below them, there is a slightly larger, but still very small, “middle” class of professionals and mercantilists – doctor, lawyers, shop-owners – who help keep things running for the superrich and supply the working poor with their needs. And at the very bottom there is the great mass of people – typically over 90 percent of the population – who make up the working poor. They have no wealth – in fact they’re typically in debt most of their lives – and can barely survive on what little money they make.

So, for average working people, there is no such thing as a middle class in “normal” capitalism. Wealth accumulates at the very top among the elites, not among everyday working people. Inequality is the default option.

You can see this trend today in America...


Reaganomics killed America’s middle class

 

[Roudy]

Today's Federal Reserve Beige Book: The overall Labor supply continues to be "very tight", with contacts noting shortages of workers. Pay rates have grown by 3 percent to 20 percent, with the sharper increases reflecting a greater supply-demand gap.

The US Economy is kicking ass & Obama could win a third term.

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

Retirement Among Baby Boomers Contributing To Shrinking Labor Force.

Demographics have always played a big role in the rise and fall of the labor force. Between 1960 and 2000, the labor force in the United States surged from 59 percent to a peak of 67.3 percent. That was largely due to the fact that more women were entering the labor force while improvements in health and information technology allowed Americans to work more years.

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.

In a March report titled "Dispelling an Urban Legend," Dean Maki, an economist at Barclays Capital, found that demographics accounted for a majority of the drop in the participation rate since 2002

The incredible shrinking labor force


The Spectacular Myth of Obama's Part-Time America—in 5 Graphs
A falsifiable claim, falsified


Feb 7, 2014


The first thing you would expect to see from a Part-Time America is that the number of part-time jobs added would rival the number of full-time jobs added. But in the last year, new full-time jobs outnumbered part-time jobs by 1.8 million to 8,000. For every new part-time job, we're creating 225 full-time positions.


Okay, but one year is just one year! Let's keep looking.

The second thing we should expect to see from Part-Time America is a growing number of part-time jobs since Obama came into office and started passing laws. Here's a graph showing the number of people working part-time for economic reasons since March 2010, the month Obamacare was passed.

Huh, nothing there. In fact, the number part-time workers has fallen in the last four years.

Okay, well, raw numbers can be deceiving. After all, the labor force has declined since 2010. So let's graph these part-time workers as a share of the labor force. Surely that will show a rising line...



... dang it.

Maybe I'm being unfair. Three years of data just isn't much context. So let's draw back the lens and look at part-time workers as a share of the labor force since, say, 1980...




... and then compare it to the unemployment rate (in RED) since 1980.


Okay, now here's something: Part-time work, as a share of the economy, is historically high. But these graphs don't make the point that Obama, or long-term global economic trends, are driving the rise in non-voluntary part-time work. Instead, the rise of part-time work seem to be 100 percent the creation of economic downturns. That's why it seems to be holding hands with unemployment, riding the roller coaster up during recessions, and down during recoveries.

But what about part-time employment for non-economic reasons? The story here is short and sweet: There is no story here. The share of Americans working part-time for personal reasons—they're in school; they're raising kids; they're ill—is flat and trending down, according to the San Francisco Fed.

The Spectacular Myth of Obama's Part-Time America—in 5 Graphs



lol


Conservatives just ignore facts and reality. They have "faith" that their ideology is correct.

But oh wait, it's "The Atlantic"! Another liberal garbage propaganda mouth piece. Ha ha ha.

Really, real federal data is propaganda. Wow.

I'll trust the actual number of people out of work that have stopped looking...30 million...than concocted numbers by the same govt. administration that sent the IRS to go after members of the opposing party. Tsk tsk, using the IRS as a weapon. Democrats have no shame or respect for anything. More election fraud committed by the fraudster we have as president.

 

[sealybobo]

Today's Federal Reserve Beige Book: The overall Labor supply continues to be "very tight", with contacts noting shortages of workers. Pay rates have grown by 3 percent to 20 percent, with the sharper increases reflecting a greater supply-demand gap.

The US Economy is kicking ass & Obama could win a third term.

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

You dare say that after you post this trash?

The people are feeling it. Business is up. Sales are up. Home values are back. See what happens when we manufacture more? Michigan and the surrounding states are doing better. And I remember when I knew lots of people who were displaced after the bush great recession.

Listen you dishonest or stupid fool. Back then our 401k and home values plummeted. Companies like Hewlett Packard were cutting 25,000 jobs. Can you show us that all the nations corporations are slashing jobs? I don't think you can.

And corporate profits are thru the roof. Are you realizing trickle down doesn't work?

I would agree with you the middle class should be doing better but you would disagree with me on the solution.

I love loser Republicans like you who got screwed by the GOP but you blame Democrats. All I can do is offer you the same advice you offered people who lost they're jobs back in 2007. Go back to school or start your own business.

 

[sealybobo]

Today's Federal Reserve Beige Book: The overall Labor supply continues to be "very tight", with contacts noting shortages of workers. Pay rates have grown by 3 percent to 20 percent, with the sharper increases reflecting a greater supply-demand gap.

The US Economy is kicking ass & Obama could win a third term.

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

Retirement Among Baby Boomers Contributing To Shrinking Labor Force.

Demographics have always played a big role in the rise and fall of the labor force. Between 1960 and 2000, the labor force in the United States surged from 59 percent to a peak of 67.3 percent. That was largely due to the fact that more women were entering the labor force while improvements in health and information technology allowed Americans to work more years.

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.

In a March report titled "Dispelling an Urban Legend," Dean Maki, an economist at Barclays Capital, found that demographics accounted for a majority of the drop in the participation rate since 2002

The incredible shrinking labor force


The Spectacular Myth of Obama's Part-Time America—in 5 Graphs
A falsifiable claim, falsified


Feb 7, 2014


The first thing you would expect to see from a Part-Time America is that the number of part-time jobs added would rival the number of full-time jobs added. But in the last year, new full-time jobs outnumbered part-time jobs by 1.8 million to 8,000. For every new part-time job, we're creating 225 full-time positions.


Okay, but one year is just one year! Let's keep looking.

The second thing we should expect to see from Part-Time America is a growing number of part-time jobs since Obama came into office and started passing laws. Here's a graph showing the number of people working part-time for economic reasons since March 2010, the month Obamacare was passed.

Huh, nothing there. In fact, the number part-time workers has fallen in the last four years.

Okay, well, raw numbers can be deceiving. After all, the labor force has declined since 2010. So let's graph these part-time workers as a share of the labor force. Surely that will show a rising line...



... dang it.

Maybe I'm being unfair. Three years of data just isn't much context. So let's draw back the lens and look at part-time workers as a share of the labor force since, say, 1980...




... and then compare it to the unemployment rate (in RED) since 1980.


Okay, now here's something: Part-time work, as a share of the economy, is historically high. But these graphs don't make the point that Obama, or long-term global economic trends, are driving the rise in non-voluntary part-time work. Instead, the rise of part-time work seem to be 100 percent the creation of economic downturns. That's why it seems to be holding hands with unemployment, riding the roller coaster up during recessions, and down during recoveries.

But what about part-time employment for non-economic reasons? The story here is short and sweet: There is no story here. The share of Americans working part-time for personal reasons—they're in school; they're raising kids; they're ill—is flat and trending down, according to the San Francisco Fed.

The Spectacular Myth of Obama's Part-Time America—in 5 Graphs



lol


Conservatives just ignore facts and reality. They have "faith" that their ideology is correct.

But oh wait, it's "The Atlantic"! Another liberal garbage propaganda mouth piece. Ha ha ha.

Really, real federal data is propaganda. Wow.

I'll trust the actual number of people out of work that have stopped looking...30 million...than concocted numbers by the same govt. administration that sent the IRS to go after members of the opposing party. Tsk tsk, using the IRS as a weapon. Democrats have no shame or respect for anything. More election fraud committed by the fraudster we have as president.

Political hack

 

[Roudy]

Today's Federal Reserve Beige Book: The overall Labor supply continues to be "very tight", with contacts noting shortages of workers. Pay rates have grown by 3 percent to 20 percent, with the sharper increases reflecting a greater supply-demand gap.

The US Economy is kicking ass & Obama could win a third term.

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

We told you about real unemployment when bush was president. You guys said if you weren't working you were responsible for you. Now the economy is getting better so now that's actually more true than ever.

Another reason you're wrong, and there are many, is companies aren't hiring the unemployed. So don't blame Obama, blame corporations. I know you can't blame what you worship.

Corporations are greedy and they have been able to form into giant corporations that don't have much competition because the government doesn't break them up. These giant corporations then outsource jobs to asia to make billions of dollars and yet the gop kisses their ass.

Reaganomics killed America’s middle class

There’s nothing “normal” about having a middle class. Having a middle class is a choice that a society has to make, and it’s a choice we need to make again in this generation, if we want to stop the destruction of the remnants of the last generation’s middle class.

Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens’ novels.

At the top there is a very small class of superrich. Below them, there is a slightly larger, but still very small, “middle” class of professionals and mercantilists – doctor, lawyers, shop-owners – who help keep things running for the superrich and supply the working poor with their needs. And at the very bottom there is the great mass of people – typically over 90 percent of the population – who make up the working poor. They have no wealth – in fact they’re typically in debt most of their lives – and can barely survive on what little money they make.

So, for average working people, there is no such thing as a middle class in “normal” capitalism. Wealth accumulates at the very top among the elites, not among everyday working people. Inequality is the default option.

You can see this trend today in America...


Reaganomics killed America’s middle class

Another internet rag. Damn, you are full of Shiite, aren't you?

You know who destroyed the middle class? Oblahblah and his anti business anti capitalist policies.

 

[Dad2three]

Get off hate talk radio and grow a fukkn brain dummy!

Harding (R) had to deal with a depression, he cut Fed taxes and spending in 1/2, the depression ended in 18 month and lead to the Roaring 20's.
fdr (D) had to deal with a depression, he upped Fed spending and increased taxes, the depression turned into the Great Depression and lasted 10 years, there was no economic boom.



you can look up all this yourself, and then you can explain why you still support fdr-obamas bad ideas.

The Great Depression was caused by the lax economic policies started by Harding and Cooledge.
By the time FDR came in, the Depression had been raging for three years

Like Obama found out, you don't fix a Republucan economic crisis overnight

Yep, second biggest hole since he first GOP great depression, though the CONservatives had a doozy in the 1870's too!

The last time, it was twenty years before the next Republican got elected

This time, it may be forty years

More republicans elected to the House and Senate in 2014 since the WWII.

TALK ABOUT HOLES. Ha ha ha.

Conservatives just ignore facts and reality.


GOP Memo: Gerrymandering Won Us The House Majority


GOP Memo: Gerrymandering Won Us The House Majority



Senate Democratic minority snagged 20 million more votes than GOP majority

 

[ScienceRocks]

Today's Federal Reserve Beige Book: The overall Labor supply continues to be "very tight", with contacts noting shortages of workers. Pay rates have grown by 3 percent to 20 percent, with the sharper increases reflecting a greater supply-demand gap.

The US Economy is kicking ass & Obama could win a third term.

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

We told you about real unemployment when bush was president. You guys said if you weren't working you were responsible for you. Now the economy is getting better so now that's actually more true than ever.

Another reason you're wrong, and there are many, is companies aren't hiring the unemployed. So don't blame Obama, blame corporations. I know you can't blame what you worship.

Corporations are greedy and they have been able to form into giant corporations that don't have much competition because the government doesn't break them up. These giant corporations then outsource jobs to asia to make billions of dollars and yet the gop kisses their ass.

Reaganomics killed America’s middle class

There’s nothing “normal” about having a middle class. Having a middle class is a choice that a society has to make, and it’s a choice we need to make again in this generation, if we want to stop the destruction of the remnants of the last generation’s middle class.

Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens’ novels.

At the top there is a very small class of superrich. Below them, there is a slightly larger, but still very small, “middle” class of professionals and mercantilists – doctor, lawyers, shop-owners – who help keep things running for the superrich and supply the working poor with their needs. And at the very bottom there is the great mass of people – typically over 90 percent of the population – who make up the working poor. They have no wealth – in fact they’re typically in debt most of their lives – and can barely survive on what little money they make.

So, for average working people, there is no such thing as a middle class in “normal” capitalism. Wealth accumulates at the very top among the elites, not among everyday working people. Inequality is the default option.

You can see this trend today in America...


Reaganomics killed America’s middle class

Another internet rag. Damn, you are full of Shiite, aren't you?

You know who destroyed the middle class? Oblahblah and his anti business anti capitalist policies.

How can that be? Our industry and middle class has been growing smaller since the 1970's...Maybe it has something to do with free trade, deregulation on big business allowing them to take all the wealth and plain greed? All your charts on wealth way pre-date Obama.

 

[Roudy]

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

Retirement Among Baby Boomers Contributing To Shrinking Labor Force.

Demographics have always played a big role in the rise and fall of the labor force. Between 1960 and 2000, the labor force in the United States surged from 59 percent to a peak of 67.3 percent. That was largely due to the fact that more women were entering the labor force while improvements in health and information technology allowed Americans to work more years.

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.

In a March report titled "Dispelling an Urban Legend," Dean Maki, an economist at Barclays Capital, found that demographics accounted for a majority of the drop in the participation rate since 2002

The incredible shrinking labor force


The Spectacular Myth of Obama's Part-Time America—in 5 Graphs
A falsifiable claim, falsified


Feb 7, 2014


The first thing you would expect to see from a Part-Time America is that the number of part-time jobs added would rival the number of full-time jobs added. But in the last year, new full-time jobs outnumbered part-time jobs by 1.8 million to 8,000. For every new part-time job, we're creating 225 full-time positions.


Okay, but one year is just one year! Let's keep looking.

The second thing we should expect to see from Part-Time America is a growing number of part-time jobs since Obama came into office and started passing laws. Here's a graph showing the number of people working part-time for economic reasons since March 2010, the month Obamacare was passed.

Huh, nothing there. In fact, the number part-time workers has fallen in the last four years.

Okay, well, raw numbers can be deceiving. After all, the labor force has declined since 2010. So let's graph these part-time workers as a share of the labor force. Surely that will show a rising line...



... dang it.

Maybe I'm being unfair. Three years of data just isn't much context. So let's draw back the lens and look at part-time workers as a share of the labor force since, say, 1980...




... and then compare it to the unemployment rate (in RED) since 1980.


Okay, now here's something: Part-time work, as a share of the economy, is historically high. But these graphs don't make the point that Obama, or long-term global economic trends, are driving the rise in non-voluntary part-time work. Instead, the rise of part-time work seem to be 100 percent the creation of economic downturns. That's why it seems to be holding hands with unemployment, riding the roller coaster up during recessions, and down during recoveries.

But what about part-time employment for non-economic reasons? The story here is short and sweet: There is no story here. The share of Americans working part-time for personal reasons—they're in school; they're raising kids; they're ill—is flat and trending down, according to the San Francisco Fed.

The Spectacular Myth of Obama's Part-Time America—in 5 Graphs



lol


Conservatives just ignore facts and reality. They have "faith" that their ideology is correct.

But oh wait, it's "The Atlantic"! Another liberal garbage propaganda mouth piece. Ha ha ha.

Really, real federal data is propaganda. Wow.

I'll trust the actual number of people out of work that have stopped looking...30 million...than concocted numbers by the same govt. administration that sent the IRS to go after members of the opposing party. Tsk tsk, using the IRS as a weapon. Democrats have no shame or respect for anything. More election fraud committed by the fraudster we have as president.

Political hack

Good job showing that you totally don't give a shit about the 30 million out of work. I guess the truth doesn't have any value to you. Speaking of political hacks.

 

[sealybobo]

Today's Federal Reserve Beige Book: The overall Labor supply continues to be "very tight", with contacts noting shortages of workers. Pay rates have grown by 3 percent to 20 percent, with the sharper increases reflecting a greater supply-demand gap.

The US Economy is kicking ass & Obama could win a third term.

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

We told you about real unemployment when bush was president. You guys said if you weren't working you were responsible for you. Now the economy is getting better so now that's actually more true than ever.

Another reason you're wrong, and there are many, is companies aren't hiring the unemployed. So don't blame Obama, blame corporations. I know you can't blame what you worship.

Corporations are greedy and they have been able to form into giant corporations that don't have much competition because the government doesn't break them up. These giant corporations then outsource jobs to asia to make billions of dollars and yet the gop kisses their ass.

Reaganomics killed America’s middle class

There’s nothing “normal” about having a middle class. Having a middle class is a choice that a society has to make, and it’s a choice we need to make again in this generation, if we want to stop the destruction of the remnants of the last generation’s middle class.

Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens’ novels.

At the top there is a very small class of superrich. Below them, there is a slightly larger, but still very small, “middle” class of professionals and mercantilists – doctor, lawyers, shop-owners – who help keep things running for the superrich and supply the working poor with their needs. And at the very bottom there is the great mass of people – typically over 90 percent of the population – who make up the working poor. They have no wealth – in fact they’re typically in debt most of their lives – and can barely survive on what little money they make.

So, for average working people, there is no such thing as a middle class in “normal” capitalism. Wealth accumulates at the very top among the elites, not among everyday working people. Inequality is the default option.

You can see this trend today in America...


Reaganomics killed America’s middle class

Another internet rag. Damn, you are full of Shiite, aren't you?

You know who destroyed the middle class? Oblahblah and his anti business anti capitalist policies.

So you just ignore all the anti middle class policies passed by newt Bob Dole Tom delay Dennis hastert boehner mccain Mitch McConnell and bush and just blame Obama?

 

[Dad2three]

Today's Federal Reserve Beige Book: The overall Labor supply continues to be "very tight", with contacts noting shortages of workers. Pay rates have grown by 3 percent to 20 percent, with the sharper increases reflecting a greater supply-demand gap.

The US Economy is kicking ass & Obama could win a third term.

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

 

[rightwinger]

Get off hate talk radio and grow a fukkn brain dummy!

Harding (R) had to deal with a depression, he cut Fed taxes and spending in 1/2, the depression ended in 18 month and lead to the Roaring 20's.
fdr (D) had to deal with a depression, he upped Fed spending and increased taxes, the depression turned into the Great Depression and lasted 10 years, there was no economic boom.



you can look up all this yourself, and then you can explain why you still support fdr-obamas bad ideas.

The Great Depression was caused by the lax economic policies started by Harding and Cooledge.
By the time FDR came in, the Depression had been raging for three years

Like Obama found out, you don't fix a Republucan economic crisis overnight

Yep, second biggest hole since he first GOP great depression, though the CONservatives had a doozy in the 1870's too!

The last time, it was twenty years before the next Republican got elected

This time, it may be forty years

More republicans elected to the House and Senate in 2014 since the WWII.

TALK ABOUT HOLES. Ha ha ha.

Imagine that...
And what have Republicans accomplished since their "historic" win?

Obama is laughing at them as they sit on the sidelines and pout

 

[Dad2three]

Retirement Among Baby Boomers Contributing To Shrinking Labor Force.

Demographics have always played a big role in the rise and fall of the labor force. Between 1960 and 2000, the labor force in the United States surged from 59 percent to a peak of 67.3 percent. That was largely due to the fact that more women were entering the labor force while improvements in health and information technology allowed Americans to work more years.

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.

In a March report titled "Dispelling an Urban Legend," Dean Maki, an economist at Barclays Capital, found that demographics accounted for a majority of the drop in the participation rate since 2002

The incredible shrinking labor force


The Spectacular Myth of Obama's Part-Time America—in 5 Graphs
A falsifiable claim, falsified


Feb 7, 2014


The first thing you would expect to see from a Part-Time America is that the number of part-time jobs added would rival the number of full-time jobs added. But in the last year, new full-time jobs outnumbered part-time jobs by 1.8 million to 8,000. For every new part-time job, we're creating 225 full-time positions.


Okay, but one year is just one year! Let's keep looking.

The second thing we should expect to see from Part-Time America is a growing number of part-time jobs since Obama came into office and started passing laws. Here's a graph showing the number of people working part-time for economic reasons since March 2010, the month Obamacare was passed.

Huh, nothing there. In fact, the number part-time workers has fallen in the last four years.

Okay, well, raw numbers can be deceiving. After all, the labor force has declined since 2010. So let's graph these part-time workers as a share of the labor force. Surely that will show a rising line...



... dang it.

Maybe I'm being unfair. Three years of data just isn't much context. So let's draw back the lens and look at part-time workers as a share of the labor force since, say, 1980...




... and then compare it to the unemployment rate (in RED) since 1980.


Okay, now here's something: Part-time work, as a share of the economy, is historically high. But these graphs don't make the point that Obama, or long-term global economic trends, are driving the rise in non-voluntary part-time work. Instead, the rise of part-time work seem to be 100 percent the creation of economic downturns. That's why it seems to be holding hands with unemployment, riding the roller coaster up during recessions, and down during recoveries.

But what about part-time employment for non-economic reasons? The story here is short and sweet: There is no story here. The share of Americans working part-time for personal reasons—they're in school; they're raising kids; they're ill—is flat and trending down, according to the San Francisco Fed.

The Spectacular Myth of Obama's Part-Time America—in 5 Graphs



lol


Conservatives just ignore facts and reality. They have "faith" that their ideology is correct.

But oh wait, it's "The Atlantic"! Another liberal garbage propaganda mouth piece. Ha ha ha.

Really, real federal data is propaganda. Wow.

I'll trust the actual number of people out of work that have stopped looking...30 million...than concocted numbers by the same govt. administration that sent the IRS to go after members of the opposing party. Tsk tsk, using the IRS as a weapon. Democrats have no shame or respect for anything. More election fraud committed by the fraudster we have as president.

Political hack

Good job showing that you totally don't give a shit about the 30 million out of work. I guess the truth doesn't have any value to you. Speaking of political hacks.

You know what happens when you have a very static and simplistic view of a very dynamic and complex system? You find yourself being wrong almost all the time.


Today's TB/GOPers Can't win on ideas. So they lie, cheat and distort

 

[sealybobo]

Right, I bet you grabbed that bullshit tidbit from another liberal brainwash outlet. Ha ha ha:

The Big Lie: 5.6% Unemployment

The Big Lie:

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.

Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.

I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

We told you about real unemployment when bush was president. You guys said if you weren't working you were responsible for you. Now the economy is getting better so now that's actually more true than ever.

Another reason you're wrong, and there are many, is companies aren't hiring the unemployed. So don't blame Obama, blame corporations. I know you can't blame what you worship.

Corporations are greedy and they have been able to form into giant corporations that don't have much competition because the government doesn't break them up. These giant corporations then outsource jobs to asia to make billions of dollars and yet the gop kisses their ass.

Reaganomics killed America’s middle class

There’s nothing “normal” about having a middle class. Having a middle class is a choice that a society has to make, and it’s a choice we need to make again in this generation, if we want to stop the destruction of the remnants of the last generation’s middle class.

Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens’ novels.

At the top there is a very small class of superrich. Below them, there is a slightly larger, but still very small, “middle” class of professionals and mercantilists – doctor, lawyers, shop-owners – who help keep things running for the superrich and supply the working poor with their needs. And at the very bottom there is the great mass of people – typically over 90 percent of the population – who make up the working poor. They have no wealth – in fact they’re typically in debt most of their lives – and can barely survive on what little money they make.

So, for average working people, there is no such thing as a middle class in “normal” capitalism. Wealth accumulates at the very top among the elites, not among everyday working people. Inequality is the default option.

You can see this trend today in America...


Reaganomics killed America’s middle class

Another internet rag. Damn, you are full of Shiite, aren't you?

You know who destroyed the middle class? Oblahblah and his anti business anti capitalist policies.

How can that be? Our industry and middle class has been growing smaller since the 1970's...Maybe it has something to do with free trade, deregulation on big business allowing them to take all the wealth and plain greed? All your charts on wealth way pre-date Obama.

No coincidence as membership in unions went from 35% of working America to only 10%, our wages heve gone down.

And I wouldn't have minded if manufacturing went from union Michigan to Texas but the corporations didn't stop in the dirty south because even thems makes too much.