In 2012, President Obama was heard, by Whitehouse assistants, bragging to his lackeys about his ability to kill people with drones and that he was really “good at it”. I am sure if we ask Michael Hastings, he would agree that this President is outstanding at killing people with drones.
Move over Andrew Breitbart, Tom Clancy and of course, Michael Hastings, the President and his skill with drones has not gone unnoticed by economic expert, Jim Clifton. Clifton, the chairman & CEO of Gallup, a performance consulting company, told the host of a CNBC show on unemployment the following:
That he was worried that he might “suddenly disappear” and that he “not make it home that evening if he disputed the accuracy of the government’s stated unemployment rate“.
Clifton slammed the cheerful spin put out by the government’s propagandists as Obama and his minions said the unemployment rate 5.6%. Clifton referred to Presidential statements to this effect as “The Big Lie”, saying “the real Obama unemployment rate has never recovered and is still above 10% and it’s the worst it’s been in 30 years.”
Jim Clifton, forgot to mention that after unemployment benefits are cut off after six months, that person is counted as employed. If one holds a teaching credential, a license to cut hair or a real estate license, that person is counted as being employed even though there is no proof to support the assertion.
At the end of fiscal year 2013, Shadow Stats conducted a large scale analysis related to the effectiveness of Obama’s economic policies and found the following:
Obama’s Income and Employment Opportunities: “Hear No Evil, See No Evil, Speak No Evil”
First and foremost, Americans no longer live in the highest salary paying country in the world. In fact, the United States does not even crack the top ten list of the highest salary paying countries on the planet in which Switzerland, Germany, Denmark, Japan, Norway, Austria, Belgium, Ireland, the Netherlands, and the United Kingdom round out the top ten and pay their workers more than workers in the United States. In fact, the United States only ranks 20th in terms of overall gross pay!
Young adults who are degreed and/or skilled in fields such as engineering or information technology skills, are really wasting their time by working in the United States. Eight of the world’s ten highest-paying countries for information technology (IT) managers are in Western Europe, according to a new survey by Mercer Human Resource Consulting. The survey found that Swiss managers are paid the most, followed by those in Germany and Denmark. In fact, IT management is another field where U.S. workers fail to crack the top ten in income, theUnited States ranks 14th in IT management compensation. Even debt ridden Spain, Italy and Greece pay their IT managers more than what Americans earn on average and these three nations are currently on the edge of economic collapse.
Unfortunately, the public does not know what the true unemployment rate is in America because the Department of Labor plays games with the numbers as was noted above.
The “Alternate Unemployment Rate” more accurately reflects the current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were eliminated from official existence by the Federal government back in 1994. That estimate is added to the Bureau of Labor Statistics (BLS) estimate of U-6 unemployment, which includes the previously short-term discouraged workers.
The “U-3″ unemployment rate is the monthly headline number. The U-6 unemployment rate is the BLS broadest unemployment measure, “including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment” as this group would be categorized as the underemployed. When all figures are combined, the Shadow Stats calculations are staggering as the unemployment and underemployment rate is approaching 24%!
Shadow Stats is one of the most interesting financial websites that I have found in recent memory and they are worthy or a hearty recommendation as they give the public an accurate way to compare real unemployment to the government contrived games that are played with the unemployment numbers.
The actual unemployment/underemployment rate, nearly 24%, is more than three, and almost four times the government’s figures for unemployment. Shadow Stats calculations clearly tell us that we are in a very serious depression, or what Gerald Celente often refers to as the “Greatest Depression”. And when we isolate the numbers and only include young adults, the picture goes from bleak to hopeless and these statistics are the fertile breeding ground for revolution.
The segment of the population which needs have the most opportunity in the economy is literally getting killed. Consider the following statistics gathered from various sources:
During 2011, 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed.
At this point about half of all recent college graduates are working jobs that do not even require a college degree.
The number of Americans in the 16 to 29 year old age bracket with a job declined by 18 percent between 2000 and 2010.
Incomes for U.S. households led by someone between the ages of 25 and 34 have fallen by about 12 percent after you adjust for inflation since the year 2000.
In the United States today, 317,000 waiters and waitresses have college degrees.
One poll discovered that 29 percent of all Americans in the 25 to 34 year old age bracket are still living with their parents.
Young men are nearly twice as likely to live with their parents as young women the same age are.
Overall, approximately 25 million American adults are living with their parents according to Time Magazine.
Workers in modern nations have always had retirement as an incentive to work towards. Soon, the government will control all retirement accounts. Furthermore, if you live in America, you are not getting the best pension package compared to other Western nations as America ranks last in overall pension benefits. And this is in the backdrop of the Obama Administration, and as I have recently discussed, there are clear plans to seize your 401k pensions.
This planned theft by the Obama Administration will prove to be a devastating blow to the American middle-class and will provide a knockout punch to any hope that the middle class clings to when it comes to transmitting wealth to their children and we are only a couple of short years from realizing this inevitability. At least in Greece, the people rioted when the government stole the people’s pensions to pay down the bankers part of the derivatives debt. Conversely, Americans are merely acquiescing and passively accepting the fact that Obama and his minions are planning to steal your bank accounts, your social security, your public pensions and your 401k accounts and the process has already begun with Treasury Secretary Lew as he is borrowing against select Federal retirement accounts. Now, the man who brags he’s good at killing people with drones has found one more thing to begin stealing.
I used to enjoy reading the Adventures of Robin Hood when I was a child. I never dreamed I would be living it. Unlike the time of Robin Hood, we now live in a time when the Sheriff of Nottingham is armed with drones.
Annie DeRiso contributed to this article.
Dave Hodges is the Editor and Host of The Common Sense Show.