The Great Obama Depression

The White House says we are in an economic recovery. The data say the opposite. Photo: AP Photos

WASHINGTON, August 3, 2013 — A White House spokesman called July’s 7.4 percent unemployment rate proof that “the U.S. economy is continuing to recover from the worst downturn since the Great Depression.” He said it with a straight face. 

The data tell another story: America remains mired in the Great Obama Depression. 


SEE RELATED: June Swoon: Unemployment claims refuse to drop


The unemployment rate that the administration trumpets is a liar’s number. The formula for the unemployment figure that is released every month is rigged to look favorable to the administration in power. 

This is nothing new. President Bill Clinton had the formula reworked in his first term so he could point to declining unemployment when he ran for reelection. 

The true numbers from the Bureau of Labor Statistics show a far different picture. They show an America that is in economic collapse.

The unemployment rate did not drop because there were more jobs in July. It fell because there were fewer people looking for jobs. The civilian labor force fell by approximately 37,000 workers. The people who are not in the labor force has climbed to 89,957,000; almost ninety million American adults are not in the workforce.


SEE RELATED: Ben Bernanke’s legacy: The looming contraction he only delayed


The workforce participation rate — the percentage of adults who are participating in the work force — dropped again in July. It is now 63.4 percent, down from 63.5 percent; over one third of American adults are not in the labor force.

Even worse, the number of discouraged workers rose to almost one million. “Discouraged worker” is the term for people who want to be in the workforce but have given up on looking for jobs because they believe no jobs are available.

Those numbers and statistics typically trigger a response in most people called MEGO: My eyes glaze over. Numbers like that put most people to sleep. The government counts on it. Rush Limbaugh uses the term, “low information voter.” A lot of people are low information voters.  Far too many people rely in the drive by media for their news, and with the liberal bias of the news, all they hear is, “unemployment is down.”

The story they never hear but need to, is that the books are cooked.


SEE RELATED: The hazards of gloating over Detroit


There is one other devastating figure that most people are not talking about. In June, the Bureau of Labor Statistics reported that only 47 percent of American adults had full-time jobs.

Fewer than half of Americans are working full time!

That should be a headline.  Instead it is ignored.  It is an indictment of the failure of Obamanomics and the economic policies of the current administration. 

The one area of the economy that is growing is in temporary employment: 2.7 million Americans are working in temp jobs.

Beneath the numbers that make up the headlines is the horrifying truth of the Great Obama Depression: Prosperity is rapidly fleeing America. As Obamacare punishes companies for having fulltime employees, it encourages only part time employment. Part-time employment makes the American dream an impossibility.

Remembering where we were less than ten years ago: Unemployment was below 5 percent.  Economists generally regard 5 percent as full employment. Jobs were chasing people. Today people are chasing jobs, and often not finding them.

America is rapidly dividing into two parts. One part is those fortunate enough to have a job, and the other is those who are looking for work, looking for welfare, or simply praying they survive.

A prosperous society cannot survive this.

This is the indictment of Obamanomics and it is the cold, hard truth about the Great Obama Depression.


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More from Judson Phillips: Cold, Hard Truth
 
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Judson Phillips

Judson Phillips is the founder of Tea Party Nation, one of the largest Tea Party Groups in the country and the number one national tea party site on the Internet.

A lawyer by profession, Judson has been involved in politics since his teens. “Ronald Reagan inspired me,” he says.

Judson became involved in the Tea Party movement in February 2009 after hearing Rick Santelli’s rant on CNBC.   “I heard there was going to be a Tea Party in Chicago inspired by Santelli, but didn’t know if anyone was doing a rally in Nashville where I was based.  Finally I emailed Michelle Malkin and asked her if there was a Tea Party in Nashville.  Malkin sent an email back saying, ‘No, why don’t you organize one?’  I did.”

The first Tea Party in Nashville was held late February 2009 which drew a crowd of about 600. Judson then organized the Tax Day Tea Party in Nashville, which drew over 10,000 people into downtown.   It was at this time that Tea Party Nation was formed.  Later that year, Judson decided to bring activists from across the country together, so he organized the first National Tea Party Convention in February 2010, which featured Alaska’s former Governor and Republican Vice Presidential Nominee, Sarah Palin as it’s keynote speaker.

He currently manages the Tea Party Nation website, writes several daily columns and is working on more projects than any one person should.  He is a frequent guest on cable and broadcast news shows, including on Fox, MSNBC, CNN and others.

Contact Judson Phillips

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