Tags: unemployment

Watch Out for Unemployment, the Silent Killer

Monday, 31 Aug 2009 10:25 AM

It’s the silent killer. No, it’s not tobacco; it’s not AIDS; it’s not even cancer. This silent killer is less scary than those mentioned above, but may be even deadlier.

It’s unemployment.

While everybody is focused on stimulus, bailouts, TARP, and billions and trillions of dollars being spent, nobody is talking about unemployment.

When Atlanta Fed Chief Dennis Lockhart said that the real U.S. unemployment rate is 16 percent instead of the reported 9.4 percent, nobody paid attention. In fact, the media didn’t even cover the news.

Unemployment is actually 60 percent higher than we thought it was. That’s not news?

Then what is news? Maybe Kate Gosselin guest hosting on ABC’s The View? Or maybe Miley Cyrus? I hear she has a new album coming out.

The media has totally dropped the ball on this one. Jobs and opportunity are what drives a capitalistic society. If there are no opportunities, there are no jobs. If people don’t have jobs, that means families won’t pay their bills and parents won’t have the ability to put food on the table for their loved ones.

That’s a story of interest to the American people.

But let’s look into that 16 percent unemployment number and see how Dennis Lockhart got there.

Lockhart doesn’t just look at the number of people who are filing for federal unemployment. He also looks at people who have stopped looking for jobs and people who work less hours than they desire.

What does working less hours mean? That refers to people who have what I call “faux employment.”

The $787 billion Obama stimulus has created many of these faux jobs that only last for several hours.

In Oregon, where Obama stimulus dollars have run aplenty, overzealous politicians have been bragging that they’ve created 3,236 new jobs in the program's first three months. What those overzealous politicians neglected to mention was that the average job lasted only 35 hours — total, not per week.

But hey a job, is a job, is a job. Right?

Not really, those 3,236 workers in Oregon are just as unemployed as when they started their stimulus jobs.

But hey, a job is a job. We can now go on the PR tour and tell everyone about how many jobs our over-bloated stimulus has created. We won’t mention that families can’t pay their mortgages or put food on the table.

Overall the Obama administration claims that the $787 billion-stimulus has created 150,000 jobs as of July. How long those jobs last for, three hours or three days, nobody really knows and the administration won’t tell us.

But it seems that bad news isn’t part of the agenda for the Obama media networks. Turn on the channel and you won’t see that under the Obama administration America has lost 32 percent more jobs since Obama took office.

When Obama came into office, the national unemployment rate was 7.1 percent. The reported national unemployment rate is currently 9.4 percent, a 32 percent increase from Obama’s inauguration day, and a new 25-year high.

That’s based on the low 9.4 percent government number, not the real 16 percent unemployment rate. When you factor that in, the results are even worse.

Also, the sad thing about the 16 percent unemployment figure is that it gets pushed up by people who have stopped looking for work. The last time the unemployment rate was 16 percent, we were in a little thing called The Great Depression.

How sad it is that, in a capitalistic society, people have no opportunity or no incentive to go out and find or create an opportunity or a job.

So what are these people doing that aren’t looking for a job? You guessed it, they are living off of the government, or in other words, the taxes that you and I pay. And because there are more people who are not looking for jobs anymore, that means that there will be more people living off the government, which means that you and I will have to pay higher taxes.

Ever look at where the stimulus money is going?

According to the government’s Web site — recovery.gov — only $60.4 billion of the stimulus money has been paid out so far, the majority of which has been spent on short-term projects, Social Security recipients, selective tax relief, and entitlement programs.

Entitlement programs is a nice way of saying that the government is taking your tax dollars and giving them away to people who have decided that they should stop looking for a job. So you are essentially paying for them to sit at home and watch American Idol reruns, Oprah, or CNN.

Bottom line is you are paying for them to not look for a job. After all, it’s too burdensome to look for a job and work for a living. People should be allowed to get free money, the thinking goes.

I don’t know about you, but the last time I checked the Declaration of Independence and the Constitution, I didn’t read about free money, entitlement programs, or Obama stimulus.

What I did read about was life, liberty, and the pursuit of happiness. We are a free people here in the United States of America. We are endowed by our creator with certain unalienable rights.

It’s these tenets that have proven America to be so great. It is under the rights guaranteed to us by our Constitution that America produced things like the industrial revolution, the airplane, and the automobile. These things were not the result of government entitlement spending.

So I say, America stand up. Remember the Wright Brothers. Remember John D. Rockefeller. Remember Henry Ford.

Remember that the only opportunity out there is the one that you create. If you look hard enough there is work out there. If there is no work doing what you like, then create your own company, create your own opportunity. Dare to dream.

And once you’ve found that job, started that business, we must make sure that our government doesn’t try to tax us out of our wealth and success. Give us incentive. Give us an opportunity. Give us a free-market America.

After all, the one entitlement program that we do have in the Constitution gives us life, liberty, and the pursuit of happiness.

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
DanMangru
It’s the silent killer. No, it’s not tobacco; it’s not AIDS; it’s not even cancer. This silent killer is less scary than those mentioned above, but may be even deadlier.It’s unemployment.While everybody is focused on stimulus, bailouts, TARP, and billions and trillions of...
unemployment
1043
2009-25-31
Monday, 31 Aug 2009 10:25 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved