Originally Posted by Botnst
The graphs were reported by BLS. If you think they're cooked by the administration, that's fine. Either produce evidence supporting the tampering or produce better graphs from a more objective and reliable source.
In those graphs were depicted the total numbers of non-farm employed. They did not address anything about churning in the employment market, just the straight totals.
If the total number of jobs increases at a rate greater than the expansion of the population, then you have a decrease in unemployment.
Unemployment has been at record lows for 10 years or so.
The US economy has been expanding faster than almost every other western economy.
Wages have been steadily increasing with inflation--stable income.
Those are the facts from BLS.
Other key features:
Fed payroll taxes have declined.
Despite the tax cuts, federal tax revenues are the highest in history.
To me, the worst thing that this administration has done is to increase the federal debt. The way Administration after Administration, and Congress after Congress have indebted the future for political purposes today has been unconscionable. The second-worst thing this administration has done is expand socialized medicine into subsidizing drugs. The third worst thing they have done is abandoned SSI reform. Those were the reasons I voted Libertarian the last merry-go-round and why I'll vote Libertarian this November and in the next presidential election.
I will give you an example of BLS and "funny numbers". Look at their Mass Layoff figures for any given quarter and jibe them with numbers shown from Ford, IBM, Intel GE or when any other large company lays off 25000 or so that never show up on those charts. It has to do with how the numbers are listed, hourly vs. salary and stuff like that. Here are two clips that show some numbers from Challenger, Gray and Christmas who keeps up with this stuff on a more functional level that does not have a need to spin the numbers for political purposes.
I agree fully with you on expanding Federal Debt. Only Clinton reduced it in solid hard numbers [not intended as a political statement]. There has to be a way to stop spending the future as our grandchildren are getting swamped with debt and threats caused by them.
As for subsidizing drugs, I am of mixed feelings on that one. I know that government subsidizing leads to an extra tax burden but I also know that until there is a system that allows folks to have the necessary drugs to maintain health, there will be an economic chasm created by those who can afford to be healthy and those who cannot and that is fundamentally unfair and dangerous.
As for Social Security Reform, something will need done as the Boomerâ€™s hit 67 and start drawing on what we have paid into the system since 1966. Since we actually paid into the system it is not an entitlement but rather an investment system and folks are not looking at it that way. Once the government got the money, it became theirs in their mind. Hard to get it back.
Anyway, here are two articles that point out some of the layoff numbers that show differences from the DoL numbers and point to references. Other references are splattered all over the net. I will dig through my links over the next bit.