Tuesday, December 09, 2014

COTW: The Smoke and Mirrors Economy

The propagandists of the corporate mass media (CMM) were blowing their horns furiously about the November jobs report showing a lot of new jobs created and an officially manipulated unemployment rate of only 5.8%. Besides the holiday season being a traditional time when business hire extra workers, US Person thinks these charts tell the real story (of course he is officially a Debbie Downer so perhaps you will want to ignore these):


We are talking an overall labor participation rate not seen since the Regan recession of '82. Many people have been out of work for so long, they simply are no longer counted in the statistics, i.e., the don't officially exist. Those workers that have been lucky enough to find jobs in this so-called 'recovery' are working for less. But then Wall Street just chalked up another all-time record high, so why worry?


You do have a choice in America: feel good and swallow the Kool-Aide®, or face the real facts of economic oppression.