Too many uninformed Americans are enabling the administration to lay claim to a 4.7% unemployment rate without challenge. If these same citizens would become literate about economics, politics, current events, and our economy perhaps there would be real change happening in America. Instead, we have legions of dolts accepting whatever government of the MSM says about our economy without any critical analysis of their claims.
Here is a recent example of a government pronouncement being largely unchallenged by uniformed citizens.
If unemployment calculated as it was until the Kennedy administration the U6 unemployment rate would be 23%. See chart above. Would people not be a bit angry at the administration’s economic performance if they knew unemployment was at 23%?
The crowing about all of the new jobs would be challenged if we had more literate citizens. What is happening without any outcry is approaching a criminal manipulation (read fraud) of employment numbers to make it appear there is job growth by our elected officials.
“John Williams of Shadow Government Statistics has parsed the BLS numbers carefully. He reports that the BLS inflates its monthly account of new hires with approximately 200,000 fake jobs, including jobs conjured up by its so-called “Birth/Death Model” that are meant to account for new employment in startup companies that are too new to count.
Notwithstanding the fact that the BLS has been adding an average of 200,000 fake jobs to the monthly payroll report in recent years (as confirmed by the March 2015 benchmark downside revisions that subtracted 206,000 jobs), the actual employment picture has become so weak that they have brazenly added additional monthly upside biases”.¹
Wake up America before it’s too late.
- Davidson, J. D. (2016, June 18). Fake Jobs Plague the U.S. Economy. Retrieved June 22, 2016, from Fake Jobs Plague the U.S. Economy
These two republicans (McConnell and Cornyn) are among over fifty US senators who are willing to stomp upon the 4th amendment to the United States Constitution. Shame on them!
What they were attempting to do is support an amendment to legislation that would give the FBI power to take internet records, including browser histories and email metadata, without a court order.¹
What happened to probable cause and securing a court ordered search warrant to find and prosecute the ‘bad guys’? Given our government’s all consuming desire for power and control, do we want this?
1. Nelson, Steven. “Senate Falls 1 Vote Short of Giving FBI Access to Browser Histories Without Court Order.” US News. U.S.News & World Report, 22 June 2016. Web. 22 June 2016.
The Bureau of Economic Analysis (BEA) can provide us with information about the health of the economy. Whether that information is genuine, I leave that question up to experts like Walter J. “John” Williams who has devoted a significant effort debunking some of government’s economic data. However, the BEA’s data shows from 1790 to 2000, U.S. Real Gross Domestic Product (RGDP) growth averaged 3.79% per year.This growth enabled many US citizens to realize the “American Dream”.
However, we are not experiencing this level of economic growth any longer. “2015 will have been the tenth year in a row that RGDP growth came in at under 3.0%. The longest previous such run in U.S. economic history was only four years, and the last time that this happened was during the Great Depression (1930 – 1933)”¹ . This clearly demonstrates our current leaders in the federal government have failed us.
The election of 2016 must be about having the government support economic growth because without growth deficits, debt, divisions, and despair will only become larger.
- Woodhill, L. (2016, February 1). Barack Obama’s Sad Record on Economic Growth. Retrieved from Realclear Politics: http://www.realclearmarkets.com/articles/2016/02/01/barack_obamas_sad_record_on_economic_growth_101987.html
With the recent SCOTUS decision in Puerto Rico v. Franklin California Tax-Free Trust it is clear the government in Puerto Rico will not be able to restructure its own debt. My guess is congress will pass its legislation setting up a financial review board for the island who will force haircuts upon some of Puerto Rico’s debt holders. This should be the canary in the coal mine for other municipal and sovereign debt holders. Chicago, the State of Illinois, Detroit and maybe even California will have great difficulty paying off their debt and heir bond holders will see harsh haircuts. Just ask the GM bold holders how much trust one can place in governmental debtors.
The United States is a member of the United Nations and claims to support the Universal Declaration of the Rights of Man. I question how the United States resolves its position on Article 26.
(1) Everyone has the right to education. Education shall be free, at least in the elementary and fundamental stages. Elementary education shall be compulsory. Technical and professional education shall be made generally available and higher education shall be equally accessible to all on the basis of merit.
(2) Education shall be directed to the full development of the human personality and to the strengthening of respect for human rights and fundamental freedoms. It shall promote understanding, tolerance and friendship among all nations, racial or religious groups, and shall further the activities of the United Nations for the maintenance of peace.
(3) Parents have a prior right to choose the kind of education that shall be given to their children.
Do they in America today?
- The United Nations. (1948). Universal Declaration of Human Rights.