WebsterMark
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The number of part time workers has skyrocketed to a high of 20.1% in Jan 2010, has come down slightly since then, but will leap upwards when Obamacare is implemented even further. Growing part time workers are devastating to a nation’s economics as it sets up even more government assistance funded by more borrowing which further weakens the economy and continues the cycle. Part of the part time growth has been a Obamacare no doubt, but the other part is a fear of hiring full time workers because confidence is not there. That is the exact reason our CEO said why he was hesitant to hire in a couple of areas, because he has no confidence right now. (note: a word of caution; on one hand you can’t blame evil corporates who are so selfish they would sell their mother’s for a buck and on the other hand say they are purposely trying to make Obama look bad. You can only use one of those arguments)
The U.S. labor force is still shrinking rapidly. Back in 2007, 66 percent of Americans had a job or were actively seeking work. Today, that number is at 62.8 percent — the lowest level since 1977: The unemployment number is misleading, the real number the participation rate. Gee; who was President in 1977?.....
In January 2005 at the end of Bush’s first term, 25 million people rec’d food stamps, up from 17 million when he took office. When he left, it was at 32 million. Today under Obama, it’s 47 million. Again, that’s a reflection of so many not even looking for a job and so many only on part time which is only going to grow higher thanks to Obamacare. In one half the time, Obama has matched this number.
Here’s an interesting number; During President Bush’s first term, the average duration of unemployment was 17 weeks. During President Obama’s first term, the average duration of unemployment was 34 weeks.
Another one: DEBT - At the end of President Bush’s first term the U.S. national debt was 64 percent of gross national product. The U.S. national debt was $7.6 trillion or roughly $26,000 per person. At the end of President Obama’s first term in office the U.S. national debt was more than 100 percent of gross domestic product. The U.S. national debt was more than $16.4 trillion, more than $52,000 per person.
So before we go back and forth, pick one topic and we’ll beat it to death. And yes, this is where I keep you from pulling a Jog/Rat and bounce all over the place. Pick one.
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