Among the issues most commonly discussed are individuality, the rights of the individual, the limits of legitimate government, morality, history, economics, government policy, science, business, education, health care, energy, and man-made global warming evaluations. My posts are aimed at intelligent and rational individuals, whose comments are very welcome.

"No matter how vast your knowledge or how modest, it is your own mind that has to acquire it." Ayn Rand

"Observe that the 'haves' are those who have freedom, and that it is freedom that the 'have-nots' have not." Ayn Rand

"The virtue involved in helping those one loves is not 'selflessness' or 'sacrifice', but integrity." Ayn Rand

03 May 2014

The Obama Jobs "Recovery"

Let us update the extent of the Obama jobs "recovery."  The most important datum informing us of the health of the economy to provide Americans a means to earn a living is the employment to population ratio.  When many people work, the economy is more likely to hum along fine and operate to raise our standard of living.  When fewer people work, there are more demands for high government extractions of wealth from the productive private sector, the standard of living stagnates or worse, and the people become more dependent upon the Big Government parasite.  So here is the non-seasonally adjusted data on the employment to population percentage according to the Bureau of Labor Statistics:

The fraction of the American non-institutionalized population over 16 which is employed has risen somewhat through April 2014 from a downward drop in the latter half of 2013.  However, this all-critical employment to population ratio is still well below the already very low ratio when he first took the oath of office of the presidency in January 2009.  More critically for Americans, the usual pattern of a recovery from recession within a couple of years to return to a similar employment to population ratio as that prior to the recession is in no way evident.  It is far more accurate to call this employment stagnation in the depths of a never-ending depression than to call this a recovery.

Yet many are shouting harrahs because the so-called unemployment rate dropped in April, even as 800,000 people left the workforce.  Many Americans are in the depth of despair at finding a decent job.  The reports are that most of the jobs that were created in April were relatively low-paying and unskilled jobs.  This is hardly surprising to me given the assertively anti-private sector policies of the Obama Oligarchy Gang of his dictatorial, individual rights trampling, Constitution ignoring, anti-energy, anti-business, micromanaging, lawless, and self-ownership denying regime.  In such a chaotic environment, the private sector does not invest in new business ventures and does not hire.  Obama's claims that money spent by government, which it removes from the private sector, is an investment has been tested many times throughout history.  That experiment always fails to back the statist theory and has failed once again under the Obama Regime.

This remains the never-ending Great Socialist Recession.  Although, given its duration and the degree of human misery it has caused, it is becoming more and more nearly correct to upgrade this condition to the Great Socialist Depression of the 21st Century.  The low employment, the huge transfer of wealth from the private to the government sector, the lawlessness of the government, and the rate of implementation of new socialist programs is very akin to the Great Depression of the 20th Century.  This is what you get when you put government in the hands of the Progressive Elitists.  For all their pretense to know better than most Americans how their lives should by micro-managed by this Progressive Elitist clique, they always manage to mess our society up royally.

We Americans do much better when we insist on controlling our own lives and living them in accordance with our self-chosen values.  Our standard of living is highly dependent upon our rejection of the Progressive Elitist claim that we did not make that.  It is each of us as an individual who must make our own lives and must honor and protect the right of every other individual to do the same.  We must fight off the usurpation of power over our lives by a power-lusting Progressive Elitist cabal.  That cabal refuses to recognize our highly individualistic natures, rich in complexity and highly differentiated.  It refuses to recognize our self-ownership as ObamaCare especially makes clear.  It refuses to recognize our ability to use reason to improve our own lives while exercising our individual rights to life, liberty, property, and the pursuit of our own happiness.  As the Declaration of Independence asserts the protection of such broad individual rights as the sole legitimate justification for a highly limited government and thereby defines the American Principle, the Progressive Elitist movement is profoundly anti-American.

1 comment:

Charles S. Opalek, PE said...

Everything Obama does is aimed at weakening the US Republic and transforming it into a Socialist State. Everything. Once you understand this, all this goals make sense.

Obama knows global warming is a scam. But since it will weaken the US economy, it deserves a special place on his agenda.

But there is hope. 2014 and 2016 are coming. Let's hope this will be enough to stop the transformation.

Charles S. Opalek, PE