Mr. Bill from New Hampshire speaks out:
Welcome to Fantasyland
I swear our President (King?) must be on drugs. He has to be to say “The Crisis has passed” and this is a great economy. The redefined unemployment rate, which now reflects only formerly employed people seeking a job who get federal benefits, is at 5.8% according to his government.
If you use the same calculation historically used to be the standard before 2003, the real rate stands at 23%. This rate includes those who no longer get benefits, people who have no job, and self-employed people who have no work. Part-time jobs also remain elevated: There are still 1.7 million fewer workers with full-time jobs than when the recession began in December 2007.
Unemployment for black men, people over 16, and all other slices are still in double digits. The Labor participation rate is 62.7% –– the lowest since Carter. Ninety-two-million workers either have no job, or have decided to go on the dole. Average pay is down over $5,000 since 2009 Payments by “safety net” departments are the highest ever.
Most food prices rose 30% in 2014. Utility prices have doubled thanks to the unnecessary War on Coal and the lack of pipelines for natural gas, and they are set to rise another 40%. Property taxes are up, income taxes are up, medical premiums are at record levels, and now include enormous deductibles in many cases. Government fees for every interaction for obtaining drivers licenses to fishing licenses have risen.steeply. Many have doubled or tripled. Obamacare penalties are kicking in, and are so bafflingly complex H&R Block says they are bound to be calculated wrongly in most cases.
Yes gas prices have fallen dramatically to be sure, but shipping costs have not. The reason for such a decrease in the price of fuel may be attributed to the Saudi’s pumping more oil in an effort to put fracking out of business in the US and elsewhere. Historically, fracking needs oil prices higher than $65 a barrel to be profitable. Fortunately, technology has improved, so that is no longer true.
The deficit may be down from its high, but it still stands at 200% of the worst year for Bush, and at triple the budget from Bush’s last, Republican-controlled Congress.
Obama doubled the debt in six years, –– more than all his predecessors combined with in no end in sight.
Until the boot of government regulations is removed from the necks of business and the people, we will continue to have the same anemic economy one has seen in Europe since the 1980’s. The unemployment rate there has stayed at more than 9% since then thanks to excessive government regulations, nationalized healthcare, high taxes, and the influx of Muslims and other immigrants.
In the last six years, Obama has unleashed the EPA to advance “global warming” regulations which are further crippling manufacturing and utility sectors. while mercilessly killing markets and boosting unemployment.
The assault on coal eliminates the strides that were being made in cleansing technology being developed to solve the issue and enabling this cheap fuel to be used without pollution. (Can’t have that!) The thousands of pages of new regulations include the latest ban on wood burning stoves. Get ready for fines if you actually use one. Workers in these industries lose as well.
There are too many examples of the government overreach in the plethora of regulations by unleashed union bureaucrats to illustrate them all here.
In 2012, Obama called for a regulatory review to reduce regulations, but has added over 60,000 pages under his watch. 20,000 for Obamacare alone. Under the Obama Regime the creeping socialism started under FDR, is now galloping full tilt.
Now THAT is a CRISIS, and unless by some remote chance a miracle occurs, we will have to suffer with this madman in the White House for two more years? At the rate things have been going we will be lucky if we can survive.