US Overestimates Job Growth

http://www.mediafreedominternational.org/2011/05/09/us-overestimates-job-growth/

I have gotten a lot of usefull information from that website, its a good source...

For some reason I am reminded of Soviet russia...I think they had FULL employment....even if they had six bathroom atendents for the equivelent of one of our gas stations....

Or Drug abuse in Communist China, they had almost no usage of "illegal" drugs...of course anyone could walk into any local pharmacy and buy all kinds of Uppers, downers, and sideways pills (all legally) so no problem there..

Lol Soviet Russia under Stalin.....those were the days.....some friends of ours are Latvian.....during WWII their parents ran towards Hitler away from Stalin.....terrified of Hitler but even more terrified of Stalin. Luckily they escaped Hitler & made their way to England & then to the US.

well whats missed in all this is the fact we have lost 50,000 manufacturing jobs a month since 2001 and all those companys were closing. The job loss wasnt counted right, because they saw all this coming and made a change in 1996.

theend wrote:http://www.mediafreedominternational.org/2011/05/09/us-overestimates-job-growth/

Yes it's true THEEND that the way of counting Employment was revisited in 1994 under Clinton based in part on changes proposed under Reagan in the 1980s. (Much like SS will have to be revisted & Immigration Law will have to be revisted. Medicare is a different animal--tied to the new Healthcare Law which takes full effect in 2014.) Maybe that's why today scientists & statisticians focus on the post-1994 Employment figures.....which (even without considering the 1994 changes) show today's unemployment & underemployment crises in the US to be truly deeply horrible.

It's a wonder that Wall Street is doing so well with all the 'uncertainty' around lack of US jobs.....oh wait there's no 'uncertainty'.....Wall Street is 'certain' that US jobs *won't come back* to pre-Recession levels anytime soon.....they've made sure of that.

Sorry I'm in a bad mood tonite.....what with all the lack of action around jobs in Congress.....& 'The Investor Class' (as Michael Kudlow calls them) getting richer & richer while the rest of America suffers.

Someone on CNN called them 'The Financial Class' & not in a negative way but just matter-of-factly like Kudlow did when he said 'The Investor Class'.....as if the 90% of ordinary Americans who have nothing but debt should just accept the fact that the top 10% is busy collecting up all the nation's wealth for themselves. The rest of us are suffering in fear & frustration.....with a large part of the workforce having NO FRIGGIN F/T JOBS.

Only one Democratic member of the US Senate has any balls--which is Bernie Sanders. He's the *only Senate member* of the Congressional Progressive Caucus which has many House members who have put forth the job-creating bill THE PEOPLE'S BUDGET. But the majority of US Senators are *silent* on The People's Budget. It comes to the point where an ordinary American like G has to go face-to-face on Fox News with the Soylent Green guy. Thanx to God for G standing up for average Americans.