Thread: Wayne Allyn Root: The Jobs Report Is A Phony - Obama propaganda. A massive cover-up

The Jobs Report Is A Phony

December 12, 2013 by Wayne Allyn Root



Hello, I’m Wayne Allyn Root (WAR) for Personal Liberty. I am a small-businessman at ground zero. I don’t need Barack Obama, the Fed, economists or the media to tell me how the economy is doing. I live it. And I’m telling you, we’re all being lied to. The economy is not getting better; it’s getting worse.

Back in late 2007 and early 2008, I publicly predicted (numerous times) that we were entering the deepest recession since the 1929 Great Depression. At the exact moment I wrote about this, Fed Chairman Ben Bernanke was testifying in front of Congress that the economy was fine, we were not in recession, and there was little threat of a serious economic decline. It turned out he was dead wrong about everything. A small-businessman always knows.

In my national bestselling book, The Ultimate Obama Survival Guide, I predicted all of this: the decline of the economy, the death of jobs, the disaster of Obamacare and the murder of the middle class. It’s all happening in front of our very eyes.

Here’s what I know. We have a jobs disaster. The numbers are sobering. Yet the mainstream media is reporting the November jobs report as if “happy days are here again.” Every media headline reports a “fantastic jobs report.” And, establishment D.C. Republicans are so dumb, they accept government manipulated numbers as “fact.”

The truth is it’s all a lie. Obama propaganda. A massive cover-up. A Ponzi scheme aided and abetted by the Obama-adoring, Kool-Aid-drinking mainstream media.

First, are the numbers real? We recently found out in that in the run-up to the 2012 Presidential election, Census Bureau employees purposely reported hundreds of thousands of new jobs that did not exist. They created a false narrative that the economy was improving to fraudulently re-elect Obama. What makes you think that’s not still happening?

Why would you believe the jobs report from the same government that told you: “If you like your health insurance, you can keep it,” “Obamacare will make your insurance rates go down” and, more recently, “The Obamacare website is fixed.” All lies.

Why would you believe anything coming from an Obama Administration so corrupt that it sent the Internal Revenue Service to intimidate a Stage 4 cancer victim within days of his appearance on FOX News criticizing Obamacare.

But let’s assume the 7 percent November unemployment number the national media has made its headline is accurate. Why isn’t the media also reporting the government’s own U6 figure of 13.2 percent? U6 measures unemployment combined with underemployment, a statistic that every expert agrees is the more accurate picture of true unemployment. If a Republican were President, the 13.2 percent figure would be trumpeted in every headline.

But this is only the start of the Ponzi scheme. Assuming that more than 200,000 new jobs were created in November, why don’t the media report on what kinds of jobs are being created? Are these jobs that pay enough to live a middle-class lifestyle and feed your family, or crummy part-time jobs that don’t even allow employees to eat without receiving food stamps? The answer, of course, is the latter.

Once analyzed in detail, November’s jobs numbers will undoubtedly be exactly the same as the rest of 2013.

Respected economist and author John Lott reported recently that 96 percent of the jobs created in this Obama economy since January are crummy part-time jobs.

Respected billionaire businessman and publisher Mort Zuckerman disagrees. He says 88 percent of the jobs created this year under Obama are crummy part-time jobs.

No matter which figure you believe, the Obama “recovery” is a mirage. This economy is doing well only if you want a job at McDonalds.

Even worse for taxpayers, of the jobs government claims to have created, almost half are government jobs.

Folks, Obama is using your taxpayer money to create government jobs that actually hurt the economy and raise your taxes. Your typical government employee collects more money in retirement than they made while working. Every government job is a gigantic net loss for taxpayers. This is a disaster. This is one of the major factors for how America wound up $17 trillion in debt — with a massive unfunded liability for government employee pensions. We desperately need private-sector jobs, not government jobs.

But this is no mistake. Obama is brilliant. He wants more and more government jobs, because government employees will always protect their jobs by doing Obama’s bidding (including reporting fraudulent jobs numbers at the Census Bureau, or persecuting Obama’s critics at the IRS). And, of course, they will always vote loyally Democrat and pay union dues (which turn into bribes that fund Democratic candidates).

How bad is the private-sector economy? A new study shows 41 of 50 States have lost private-sector jobs under Obama.

But even that doesn’t tell the full story. I’ll make an educated guess that 80 percent of the few private-sector jobs actually created under Obama belong to big business. Obama’s policies have purposely rewarded his backers in big business, while gutting small business — the economic sector where Americans can achieve upward mobility. If you want people to be self-sufficient, reward and encourage small business. If you want people to become dependent on government, create a “crony capitalist” system that puts government in bed with big business.

Small business drives the American dream. Like my father, who went from butcher to butcher-store owner, and then put his two children through Ivy League university. Jobs at McDonald’s, Home Depot and Wal-Mart are a place to get a start. But only a socialist like Obama (whose goal is to make everyone dependent on big government by wiping out the middle class) would consider creating low-paying jobs for big business a success. Next, of course, Obama dreams of giving amnesty to 10 million to 15 million illegal immigrants, guaranteeing (due to competition) nothing but low-wage jobs for decades to come.

Lastly, the biggest media scam of all is allowing Obama to report unemployment as “improving,” when the major reason for an improved unemployment number is due to people dropping out of the labor force to go on welfare, food stamps and disability. In October, a record 932,000 people simply stopped looking for work.

That’s what causes each month’s “drop” in unemployment. It isn’t jobs; it’s lost souls giving up because it’s impossible to find a job in Obama’s America, or because it pays more to sit at home collecting welfare.

Facts don’t lie:

• Along with the U6, the real unemployment number that matters is the Labor Force Participation Rate. It is at the lowest level since the 1970s.
• The population of America has increased by 16 million in the past 7 years, but there are 1.1 million fewer people working.
• More Americans now receive entitlements than work full time.
• More Americans are on food stamps than there are people in Spain or Greece.
• The 46 million Americans in poverty is twice as large a number as the population of Syria.

The truth is America is experiencing an “Obama Great Depression.” Obama is the greatest jobs killer in U.S. history. And things will only get worse from here. Or did you think a bad economy with no jobs would get better now that Obamacare has been unleashed on the Nation?

Obama has attacked business with $1.8 trillion in new regulations for 2014, massive new Obamacare taxes and dramatic increases in the cost of health insurance. And, to top it off, millions of individuals and small businesses are losing their insurance altogether. And in the midst of this, you thought the economy would improve? You believed the lies, fabrications and manipulations coming from this Administration? I have a bridge to sell you in Brooklyn.

Things are getting worse, not better. But Obama, the Fed, government economists and the Obama-adoring mainstream media can’t tell you the truth. Otherwise, we’d have rioting, unrest and perhaps even revolution in the streets. So they just keep lying and denying, while sending out government checks like candy to soothe the masses.

So the greatest Ponzi scheme in world history continues unabated.

I’m Wayne Allyn Root (WAR) for Personal Liberty. Enjoy your family and friends for the next three weeks. Rest up.

We’ll fight to save America in the New Year 2014. Until then, merry Christmas, happy holidays and God bless.

http://personalliberty.com/2013/12/1...t-for-america/

Mises Daily: The State Causes The Poverty It Later Claims To Solve

December 10, 2013 by The Ludwig von Mises Institute

This article, written by the Ludwig von Mises Institute’s Germany executive director Andreas Marquart, was originally published on the Institute’s website on Dec. 7.

If one looks at the current paper money system and its negative social and social-political effects, the question must arise: where are the protests by the supporters and protectors of social justice? Why don’t we hear calls to protest from politicians and social commentators, from the heads of social welfare agencies and leading religious leaders, who all promote the general welfare as their mission?

Presumably, the answer is that many have only a weak understanding of the role of money in an economy with a division of labor, and for that reason, the consequences of today’s paper money system are being widely overlooked.

The current system of fractional reserve banking and central banking stands in stark opposition to a market economy monetary regime in which the market participants could decide themselves, without state pressure or coercion, what money they want to use, and in which it would not be possible for anyone to expand the money supply because they simply choose to do so.

The expansion of the money supply, made possible through central banks and fractional reserve banking, is in reality what allows inflation, and thus, declining income in real terms. In The Theory of Money and Credit Ludwig von Mises wrote:

The most important of the causes of a diminution in the value of money of which we have to take account is an increase in the stock of money while the demand for it remains the same, or falls off, or, if it increases, at least increases less than the stock. … A lower subjective valuation of money is then passed on from person to person because those who come into possession of an additional quantity of money are inclined to consent to pay higher prices than before.[1]

When there are price increases caused by an expansion of the money supply, the prices of various goods and services do not rise to the same degree, and do not rise at the same time. Mises explains the effects:

While the process is under way, some people enjoy the benefit of higher prices for the goods or services they sell, while the prices of the things they buy have not yet risen or have not risen to the same extent. On the other hand, there are people who are in the unhappy situation of selling commodities and services whose prices have not yet risen or not in the same degree as the prices of the goods they must buy for their daily consumption.[2]

Indeed, in the case of the price of a worker’s labor (i.e., his or her wages) increasing at a slower rate than the price of bread or rent, we see how this shift in the relationship between income and assets can impoverish many workers and consumers.

An inflationary money supply can cause impoverishment and income inequality in a variety of ways:

1. The Cantillon Effect

The uneven distribution of price inflation is known as the Cantillon effect. Those who receive the newly created money first (primarily the state and the banks, but also some large companies) are the beneficiaries of easy money. They can make purchases with the new money at goods prices that are still unchanged. Those who obtain the newly created money only later, or do not receive any of it, are harmed (wage-earners and salaried employees, retirees). They can only buy goods at prices which have, in the meantime, risen.[3]

2. Asset Price Inflation

Investors with greater assets can better spread their investments and assets and are thus in a position to invest in tangible assets such as stocks, real estate, and precious metals. When the prices of those assets rise due to an expansion of the money supply, the holders of those assets may benefit as their assets gain in value. Those holding assets become more wealthy while people with fewer assets or no assets either profit little or cannot profit at all from the price increases.

3. The Credit Market Amplifies the Effects

The effects of asset price inflation can be amplified by the credit market. Those who have a higher income can carry higher credit in contrast to those with lower income, by acquiring real estate, for example, or other assets. If real estate prices rise due to an expansion of the money supply, they may profit from those price increases and the gap between rich and poor grows even faster.[4]

4. Boom and Bust Cycles Create Unemployment

The direct cause of unemployment is the inflexibility of the labor market, caused by state interference and labor union pressures. An indirect cause of unemployment is the expansion of the paper money supply, which can lead to illusory economic booms that in turn lead to malinvestment. Especially in inflexible labor markets, when these malinvestments become evident in a down economy, it ultimately leads to higher and more lasting unemployment that is often most severely felt among the lowest-income households.[5]

The State Continues to Expand

Once the gap in income distribution and asset distribution has been opened, the supporters and protectors of social justice will more and more speak out, not knowing (or not saying) that it is the state itself with its monopolistic monetary system that is responsible for the conditions described.

It’s a perfidious “business model” in which the state creates social inequality through its monopolistic monetary system, splits society into poor and rich, and makes people dependent on welfare. It then intervenes in a regulatory and distributive manner, in order to justify its existence. The economist Roland Baader observed:

The political caste must prove its right to exist, by doing something. However, because everything it does, it does much worse, it has to constantly carry out reforms, i.e., it has to do something, because it did something already. It would not have to do something, had it not already done something. If only one knew what one could do to stop it from doing things.[6]

The state even exploits the uncertainty in the population about the true reasons for the growing gap in income and asset distribution. For example, The Fourth Poverty and Wealth Report of the German Federal Government states that since 2002, there has been a clear majority among the German people in favor of carrying out measures to reduce differences in income.

Conclusion

The reigning paper money system is at the center of the growing income inequality and expanding poverty rates we find in many countries today. Nevertheless, states continue to grow in power in the name of taming the market system that has supposedly caused the impoverishment actually caused by the state and its allies.

If those who claim to speak for social justice do nothing to protest this, their silence can only have two possible reasons. They either don’t understand how our monetary system functions, in which case, they should do their research and learn about it; or they do understand it and are cynically ignoring a major source of poverty because they may in fact be benefiting from the paper money system themselves.

http://personalliberty.com/2013/12/1...aims-to-solve/

Obama - Formerly a Community Organizer

Boehner - Formerly a Bartender

Reid - Who Frikken Knows; he's so damn old I think he worked in the Garden of Adam and Eve

None of these Goof Balls know JACK about Micro Economics

None of these Goof Balls know JACK about Macro Economics

Matter of fact, I' don't think they know JACK about Economics 101 and apparently know little about calculators

BUT ... you Elected these people that have ZERO Experience on balancing check books year after year and wonder why in the hell we are DIRT BROKE

These are the People working the Check book of America... your kids and grandkids are going to pay the cost from your mistake