Friday, May 24, 2013

We Are In The Midst of a Recovery???

We have heard President Obama, officials in his administration, many members of Congress, Mr. Bernanke of the Federal Reserve and a whole host of pundits tell us the economy is rebounding and the job market is improving.  How they can make such proclamations is beyond me.  I'm pretty sure those who have lost their jobs, their homes and their dignity would not agree.  What about the fact that the number of part time jobs is rising while full time jobs are declining. According to The Economic Institute the number of people who have stopped looking for work since late 2007 is 6.7 million.  Furthermore, the ever increasing number of people relying on various government aid programs just so they can survive contradicts such a notion.  Yet they persist in telling us what most of us know is simply not true. Not being an economist, maybe I just don't understand. But, common sense tells me that we are being lied to.  The short piece at the first link illustrates why I say that.  Just one sentence should seal the deal..."In our current malaise, we have been at this 5 years and employment is still 2.2 million people below the employment number in April 2008."  Get that?  Five years after the supposed recovery started the number of people employed today is 2.2 million actually less than it was in April 2008.  All the while the number of working aged citizens has increased.  The second link adds more detail.  Does that sound like improvement to you?    George Burns

No comments: