Monday, September 10, 2012

43 Months of Depressing Misery

PJ Media » 43 Months of Depressing Misery
Mort Zuckerman accurately contended in a Friday evening Wall Street Journal op-ed, “we are experiencing, in effect, a modern-day depression,” where “dependent millions” relying on food stamps and swelling the disability rolls “are the invisible counterparts of the soup kitchens and bread lines of the 1930s.”
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  • Full-time employment only increased by 43,000 in August. It’s down (yes, down) by 902,000 since March, and by over 1.4 million since Obama took office.

  • 562,000 fewer married men and 700,000 fewer married women were employed in August than were when the recession officially ended in June 2009.

  • 22% of the 3.47 million private-sector jobs created since the recession’s end have been at temporary help services.

  • What about what the new jobs created actually pay? The National Employment Law Project recently reported that “Lower-wage occupations were 21 percent of recession (job) losses, but 58 percent of recovery growth. Mid-wage occupations were 60 percent of recession losses, but only 22 percent of recovery growth.” The leftists at the NELP wouldn’t state the obvious, so I will: Their research proves that the Obama administration’s economic policies are gutting the middle class.

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