This might be why the world economy is in the pooper

As I just wrote, the world economy is in the dumper.

Well, this here might be why; via HotAir.com:

Looks like the 2015Q4 GDP results told a broader story than some credited. The Associated Press called the results from today’s Bureau of Labor Statistics report “a sharp deceleration from recent months” (later removing “sharp” from that description), paralleling the sharper deceleration of production. The US economy added only 151,000 jobs, a miss on expectations and barely enough to tread water on population expansion:

Total nonfarm payroll employment rose by 151,000 in January, and the unemployment rate was little changed at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in several industries, led by retail trade, food services and drinking places, health care, and manufacturing. Employment declined in private educational services, transportation and warehousing, and mining.

Numerous news services heralded the a drop in U-3 rate of unemployment to 4.9%, but the number of people not in the workforce also rose by 360,000 people from last month (table A-16). That follows an increase of 284,000 the previous month. Those not in the labor force who want a job increased by 461,000, and that follows an increase of 379,000 in the previous month. The latter measure had been falling in 2015, but has reversed itself by 840,000 in two months — both in the 0.7%-growth-rate Q4. [see update above]

Needless to say, this leaves the workforce participation rates near their historic lows:

After accounting for the annual adjustments to the population controls, the civilian labor force and total employment, as measured by the household survey, were little changed in January. The labor force participation rate, at 62.7 percent, was little changed. The employment-population ratio (59.6 percent) changed little over the month but was up by 0.3 percentage point since October.

The U-3 rate dipped down to 4.9%, but that appears to be a rounding issue more than a significant shift. The broader U-6 rate remained at 9.9%, where it has been for three straight months after briefly dipping down to 9.8% in October. For comparison, October was the first time since May 2008 that U-6 scored under double digits, and the U-3 rate in May 2008 was 5.4% while the workforce participation rates were 66.1% and 62.5%, respectively.

My apologies to the gang at HotAir.com for quoting the crap out of their article. But, this is warranted. There’s more:

Update (Steve Eggleston): I have a couple quick points. First, on the “not in labor force” front, it is a seasonal phenomenon related to year-end retirements, and in the case of January, the implementation of new population controls. While the 360,000 additional people not in the workforce compared to December (on a not-seasonally-adjusted basis) is a larger add than the last couple years, it is actually lower than the average December-to-January change since 2000.

The future isn’t very bright. The January Challenger report released yesterday noted that announced job cuts surged to 75,114, the highest monthly total since July 2015 and the highest January total since 2009. The report also noted that there were 8,362 announced hiring plans last month, the 2nd-lowest January total going back to 2011.

Donald Trump might be a bit too populist for some and might be seen as a loose cannon by many. However, there is one thing that he is absolutely right about and that is that we are not on a good path as a Nation and because of that, we are dragging the World economy down with us. Something has to change and there are many disagreements about what is to change and how it is to change. However, the one clear fact that I believe everyone can and will agree on is that the path that we have been on, in this Country, for these may years, dating back to the beginning of the George W. Bush Administration and maybe even the Bill Clinton Administration; cannot continue. Otherwise, the United States of America is going to find itself in a very bad place.

Here is hoping that there are people elected that can figure this out and make the needed changes, without causing many innocent people to suffer as a result.

U.S. adds 173,000 jobs in August, unemployment at 5.1%

I guess this is supposed to be good news:

WASHINGTON (MarketWatch) – The U.S. economy created a modest 173,000 new jobs in August to mark the smallest gain in five months, but the unemployment rate fell to 5.1% from 5.3%, the government said Friday. That’s the lowest level since April 2008. Economists polled by MarketWatch had expected a gain of 213,000 nonfarm jobs. On the more positive side, employment gains for July and June were revised up by a combined 44,000. The Labor Department said 245,000 new jobs were created in July instead of 215,000. June’s gain was revised up to 245,000 from 231,000.

Source: U.S. gains 173,000 jobs in August; unemployment 5.1% – MarketWatch

To be honest, until I see massive hiring everywhere, for good paying jobs and some protection for people like me; who haven’t had a job in ages — I really do not feel this news to be of merit. I haven’t worked since 2003 and had a long term job since 2000. So, this news means nothing.

Not to mention that the growth is paltry.

 

To which I say, “Welcome to my World!”

I know this all to well:

(CNSNews.com) – The percentage of American civilians 16 or older who do not have a job and are not actively seeking one remained at a 36-year high in May, according to the Bureau of Labor Statistics.

In December, April, and now May, the labor force participation rate has been 62.8 percent. That means that 37.2 percent were not participating in the labor force during those months.

Before December, the last time the labor force participation rate sunk as low as 62.8 percent was February 1978, when it was also 62.8 percent. At that time, Jimmy Carter was president.

In April, the number of those not in the labor force hit a record high of 92,018,000. In May, that number declined by 9,000 to 92,009,000. Yet, the participation rate remained the same from April to May at 62.8 percent.

The labor force, according to BLS, is that part of the civilian noninstitutional population that either has a job or has actively sought one in the last four weeks. The civilian noninstitutional population consists of people 16 or older, who are not on active duty in the military or in an institution such as a prison, nursing home, or mental hospital.

via 37.2%: Percentage Not in Labor Force Remains at 36-Year High | CNS News.

I have been unemployed since 2005. I tried sucking it up and going to work for a trucking company as an OTR driver; only to have that chance snatched out from under me.  (I already had a CDL-A, since 2003 — but lacked experience…)  Finally, here as of recent; I bit the bullet and signed up for Michigan’s expanded Medicaid program. So, I am covered on healthcare. Thank God for Government Snyder for looking out for people like me.

So, I know the feeling, I’ve been there; in fact, I’m there now! 🙁

B.S. ALERT!: ADP employment report says 191,000 jobs added in March

Signs on a economic recovery? Not so fast….

First the ADP Report:

Private sector employment increased by 191,000 jobs from February to March according to the March ADP National Employment Report®.  Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. …

Goods-producing employment rose by 28,000 jobs in March, slightly faster than an upwardly revised pace of 25,000 in February. Most of the gains came from the construction industry which added 20,000 jobs over the month; compared to an average of 16,000 during the prior three months. Manufacturers added 5,000 jobs in March, the same as February.

Service-providing employment rose by 164,000 jobs in March, up from the upwardly revised 153,000 in February. The ADP National Employment Report indicates that professional/ business services contributed the most to growth in service-providing industries, adding 53,000 jobs, slightly more than the 49,000 in February. Expansion in trade/transportation/utilities grew by 36,000, about equal to the 37,000 jobs added in February. The 5,000 new jobs in financial activities mark the strongest pace of growth in the industry since November 2013.

“The 191,000 U.S. private sector jobs added in March is slightly above the twelve-month average,” said Carlos Rodriguez, president and chief executive officer of ADP.  “Hopefully, this could be a sign there is more growth to come.”

CNN Money pours cold water on the parade:

The job market is slowly perking up after a winter lull.

Private sector employers added 191,000 jobs in March, according to payroll processing firm ADP (ADPFortune 500). While it was the strongest job growth in three months, it’s not much to write home about.

After a slowdown in hiring, job growth is merely back to where it was prior to the winter. …

The report was slightly disappointing to other economists, who had anticipated an even bigger bounce back after the weak winter. Those surveyed by Briefing.com expected the report to show companies added 215,000 jobs in March.

HotAir’s Ed Morrissey offers a hot cup of sobering coffee:

Even 215,000 would not be cause for breaking open the bubbly. These are stagnation numbers, not any indication of explosive growth. The US economy needs to add 150,000 jobs each month just to keep pace with population growth at current workforce-participation levels (which are at generational lows anyway). Adding 191,000 barely puts a dent in the unemployment crisis, and it’s doubtful that the final BLS number will be even that high.

For the last five years, the media has calculated their reaction to these numbers by comparing it to their low expectations. No one’s talking about the kind of growth that’s needed to put the millions sidelined in the stagnant economy back to work. That doesn’t make the problem go away, however, and it won’t until we put pro-growth policies in place in the tax and regulatory spheres that unlock capital and create work.

Which brings me to my question about this piece of Government paid propaganda so-called “Report.” Does this report take into the people, like myself; who are long-term unemployed? I very might highly doubt that. I believe if the Government actually stopped hiring people to produce propaganda like this and started actually counting the ENTIRE number of people unemployed; the number that would come up, would most like send the stock market in an utter panic and there would be a massive crash. You think things are bad now? You let that happen and things are going to get really bad.

Ed’s right though, about the pro-growth polices; now, the Democrats method of dealing with an economic downturn, of their own creating, is to tax the very people who create the jobs. It is an idiotic method of crisis management. Some would argue that it is the very thing that the socialists want; cut the number of people actually working, to have a society dependant on Government.

The problem with that simple-minded utopian vision is that sooner or later, the bank runs dry and the system itself crashes. It happened in Greece, it happened in ancient Rome and sooner or later; it will happen in America — sooner or later. This is, of course, if we Americans wake up out of our lazy stupor and actually elect people who will uphold the intent of our founding fathers.

 

Wal-Mart lays off employees, possibly union protesters?

This is an interesting headline:

Wal-Mart Stores Inc. said it’s eliminating 2,300 workers at its Sam’s Club division as it reduces the ranks of middle managers in a bid to be more nimble. 

The layoffs, which cut 2 percent of the membership club’s U.S. employee count of about 116,000, mark the largest since 2010 when the Sam’s Club unit laid off 10,000 workers as it moved to outsource food demonstrations at its stores. 

The cuts come as Sam’s Club strives to compete better with Costco Wholesale Corp. and online players like Amazon.com’s Prime membership service. They also follow layoffs announced by several other major retailers in recent weeks that include Macy’s Inc., J.C. Penney and Target Corp. 

Bill Durling, a spokesman at Sam’s Club, says that a little less than half of the cuts were aimed at salaried assistant managers. The cuts are also eliminating some hourly workers. He says that each of the clubs had roughly the same number of workers regardless of how much revenue each store generated. 

“We felt this was the right move to make sure we are positioning ourselves for growing in the future,” said Durling in an interview with The Associated Press. “We are trying to rebalance our resources in the field to make sure we are investing in the clubs that have the higher growth potential and balancing resources across the chain.” 

via Wal-Mart to cut 2,300 workers from Sam’s Club stores – NBC News.com.

I would be willing to bet a shiny dollar bill that the company went around and found out, who, that were employed by the store; was protesting the store for the unions and laid their butts off. Serves them right for doing something so darned stupid, as trying to get a union in a place like Wal-Mart.

Service sector unions are good for one thing and one thing only. Causing hate and discontent among employees and putting a burden on business owners and sometimes employees too. I ought to know, I worked for Meijer’s back in the 1990’s and you talk about an abortion job of a place. You could not do anything without management’s approval and the union’s approval. It was terrible and I was happy the day that I told that crapola of a place, to take that silly minimum wage job and shove it.

I ended up going to a place that paid twice as much and did not have nearly as many problems as Meijer’s did. Needless to say, I was quite happy to get the heck out of that place! In fact, the only reason why I shop at this local Meijer’s here near my house; is that it is the closest place to shop; not because I happen to believe that the place is really that great.

You go in there on a Holiday and shop? You will wait for two freaking hours to get to a register. Why? Because the unions force Meijer’s to pay their employees higher the minimum wage; despite the fact that most of them are dumber than a box of rocks and that they are the slowest bunch of employees; who really do not get in a hurry to do anything at all. Anyhow, the managers will only open like 4 or 5 checkout lanes, instead of opening all of them. Why? Because they know they will have to pay all of them employees, despite their lousy job performance.

If you work in a steel mill or an automotive factory; then yes, have a union. But, if you are working in a service industry, like Meijer’s, Wal-Mart or some other retail or fast foot outlet; do your job, shut the hell up and be glad you got a damn job — and don’t whine about it either or go find a better job! That’s how America works, been that way since I was working and was that way long before I ever started working.

….and that — is all.

 

Tweaking the nose of a jerk

I’ve been not writing much; but this one here, just pissed me off.

Quoting a washed up, two bit, Alabama asshole:

Really, it doesn’t matter whether it’s Ethiopia, Detroit or Kentucky. If you’re someplace where the economy sucks, don’t go on welfare. Get the hell out of there and go where the jobs are.

So says a crypto neo-nazi, who lives off the labor of his wife.

Oh, and BTW McCain. Screw you. Some of us, are stuck. My Parents only had me. I cannot just pack up and leave. You know it all, piece of crap. Sorry, But, I am just not going to pack and leave my parents to die alone. Just so some washed up redneck from Alabama can say, “See? I was right!”

Oh and also; Kentucky and Detroit really do not need your advice, concern and even opinion. Fix your own state; you know like Alabama? Then come lecture us up here. Better yet, just go burn a cross in some black man’s back yard and tell the world what kind of a big man you are.

Furthermore, I hope the dudes who are suing you and your towel-headed buddy; take your sorry butt to the cleaners. That, in my mind; would be the best form of justice….ever.

Signed,

-Charles Patrick Adkins

A Middlesburo, Kentucky/Dalton, Ga/Detroit, Michigan Alumni

P.S. I forgive, but, I never forget.

Update: For those who are coming by and wondering what this is all about. This is about an old grudge. This jerkoff sold me up the river. Not only once, but twice. Not only that; but he at one time, was a full-fledged paleo-conservative. Update #2: I stuck that out, because upon further reading; McCain was a Democrat at one point. He claims to be a Neocon/Paleocon hybrid. No such thing; you are either one or the other. You either believe in a Republic or an empire. No working both sides. —  The rest of my point is very true. —  Because he wanted acceptance and blog hits, (Read: Money) He did the little neoconservative hat dance to appease the neoconservative clique.

He sold his soul to the diamond merchants and for what? Thirty piece of silver and name recognition?  He is the classic sellout, if there ever was one. The Washington Times is better off without him. He and Jack Hunter are the classic definitions of a coward.

Update #3: This is a direct quote from someone who claims to be a Seventh Day Adventist Christian:

Kevin Williamson has a few choice words for Krugman, none of which are “fuck you.”

He then goes on to embed a video by Sam Kinison, which filled with four-letter filth. Again, I say, some Christianity there. My point is this, don’t go around putting out blog postings with Christian themes and then put out blog postings with the F-word in them. It’s sheer hypocrisy. Something I got no use for at all. Furthermore, don’t make alliances with people with criminal pasts. Unless you yourself happen to be a criminal too. Just sayin’ 😡

Globalists Exploit New U.S. Tax Laws

I found this to be interesting. As most of you know, I am a paleoconservative. Which means, I am an economic populist and that I am highly opposed to the practice of globalism.

So, I thought this little story in The New American was quite interesting:

Socialist luminaries and international bureaucrats at various outfits funded primarily by U.S. taxpayers are seizing on a “devastating” new American taxation scheme, known as the Foreign Account Tax Compliance Act, or FATCA, to help foist a radical tax information-sharing regime on the world. The repercussions for Americans and people around the globe — especially when it comes to financial privacy and economic freedom — will be crushing, experts argue. Analysts say the end goal, meanwhile, is the creation of a planetary taxation authority.

Leading the charge to create the new global tax regime is the Group of 20 (G-20), a coalition of governments and brutal dictatorships that are in the process of building what virtually every major media outlet recently described as a “New World Order.” Top officials in the outfit, which includes the ruthless Communist regime ruling mainland China, among other barbaric autocracies, publicly announced a plot in recent years to share financial data and more on all citizens with each other. The goal, for now: extract as much wealth as possible. 

I would quote more of that; but there is just too much to try and whittle it down to a few paragraphs. Needless to say, I highly recommend you go read this rest of that. I remember in 2008 and also in 2012; when Mitt Romney and John McCain both told America that if Barack Obama was elected President of the United States that the Government would be coming after the wealth of those who rightfully earned it. When this happened, the media laughed the Republicans and Conservatives to scorn.

Well, it turns out that the Conservatives, of all stripes; were correct and this is proof of that. This is one of the biggest reasons why I loathe President Obama. He is not an “America” first type Democrat. He is nothing more than one of the many globalist Democrats or “Internationalist Democrats” who see America through the lens of the international community. Obama made all of these moronic promises of fixing the economy and creating jobs. What has he delivered? Not much to this part of the Country. I am still unemployed. There are no news businesses opening up around here. If anything, most of them are closing.

This is a part of the globalists plan. Keep everyone on the Government dole or worse; broke. So, that the Government can control you. I know it sounds like I am channeling Alex Jones here and I hate making it sound like that. But, in this case; Alex Jones is quite correct. Their plan, that being the Democrats is, keep everyone broke or on the Government dole, all the while distracting the people, by blaming the Republicans for breaking the system.

It is a classic globalist, socialist tactic and it seems to be working well with the masses.

 

 

The “Ford is adding jobs” story is a fraud

This story here is nothing more than a big, fat, fraud:

Dearborn — Ford Motor Co. plans to add 5,000 U.S. jobs in 2014 as it prepares to launch 16 new vehicles in North America, the most in any one year of the automaker’s 111-year history.

About 3,300 will be salaried positions in the Southeast Michigan area. The remaining 1,700 will be hourly hires spread out throughout the country. Seven North American plants will add capacity or get a new product next year.

Ford will introduce next-generations of its F-150 pickup truck and Mustang car and add a compact Lincoln MKC to its lineup in 2014, along with a new Transit van.

Ford had five North American vehicle launches in 2013.

via Ford to add 5,000 jobs in 2014 | The Detroit News.

Okay, here is why this story is nothing more than a big, fat, fraud. One reason is because before they allow any new hires in, the union will tell Ford; “You have to bring back any laid off people, before you hire from the outside.” Second of all, if you do not have a high school diploma, or at least a 2 year degree; you will not get hired at all. Actually, Ford likes to see at least 2 years of manufacturing experience before they will even remotely look at your application.

So, the idea that Ford is just going to hire people off the street is a nothing more than a big, fat, propaganda lie. How do I know this? My Father is a retired G.M. worker and they have been doing the same thing for years.

Nice try though.

UPDATE: I just wanted to say thanks to the person on Facebook, who sent me the ton of traffic. I really don’t know who you are and I can’t really find out because my logs don’t say what page on Facebook that the links are coming from.

However, just the same thank you very much. Traffic around here has been kinda light, because for one thing its the off season there’s no election and too, I think people are just tired of reading about politics.

Again, whoever you are I think you very much and I hope you send people links to my site more often on your page.