Fake Recovery; Fake Job Gains; Fake, Fake, Fake...

Warren-Hill

@WarrenHillFilms

Some shallow-of-thought Americans probably find the sound bites being fed to them satisfying: among them, a reported growth in employment means fewer people walking around aimlessly looking for work, and a restoration of pre-2007 America. Nothing, absolutely nothing could be further from the truth. Job growth, such as it is, is principally in Retail, Service, and much of it part-time work, at that – jobs that do nothing to fuel economic growth. Read, Forget the Fiscal Cliff: We’ve Been Doomed for Decades, in the Archives section and understand what really drives a healthy economy.

Now, on to the actual condition of America today: From the government’s own Bureau of Labor Statistics, Among the major worker groups, the unemployment rate for whites (6.8 percent) declined in February while the rates for adult men (7.1 percent), adult women (7.0 percent), teenagers (25.1 percent), blacks (13.8 percent), and Hispanics (9.6 percent) showed little or no change.

So, the only conclusion one may draw, given the combined realities of reported economic growth, is that more White people are working the checkout stands at Wal-Mart.

From the same report: In February, the number of long-term unemployed (those jobless for 27 weeks or more) was about (sic) unchanged at 4.8 million…In February, 2.6 million persons were marginally attached to the labor force, the same as a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Is our current economic situation getting better or worse? We don’t know. We do know that the US Government, our own Department of Defense, though, is doing little to improve job growth in the US when it exports a half-billion plus US Dollar contract for military aircraft to a Brazilian company rather than a domestic company employing American workers. What are they thinking? Or, are they thinking? Read one report here from MSN.com.

Does this mean that we may expect sometime in the not-too-distant-future a Chinese-made Drone, armed with Colombian-made missiles, being commanded by US forces to blow our American asses off the face of the earth? Let’s hope not.