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  Topic: The current economic recovery is a fraud
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The current economic recovery is a fraud
Fox News, by Lanny Ebenstein

Original Article

Posted By:markinalpine, 12/29/2012 1:10:36 PM

For those who would see recovery in current economic data, there are these facts to ponder. The first is that most of the decline in the unemployment rate has been a result not of more people working, but of more people leaving the labor force. In November, unemployment went down to 7.7 from 7.9 percent in October, the lowest unemployment rate since late 2008. But at the same time unemployment declined, so did labor force participation--which fell to 63.6 in November from 63.8 percent in October. Half a million Americans have left the labor market in recent months.

Comments:
But does anybody really expect the sycophantic media to criticize obumble and his corrupt Labor Department´s lies?

      


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Reply 1 - Posted by: Coy860, 12/29/2012 1:15:12 PM     (No. 9088809)

Obama is a fraud as are those around him.
We are being betrayed by our own government, and the opinionists aka msm.

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Reply 2 - Posted by: TheMotherCO, 12/29/2012 1:16:54 PM     (No. 9088813)

Unemployment is up, but I am sure bammykins will just say that Americans are lazy and do not want to work. s/o

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: august9, 12/29/2012 1:19:27 PM     (No. 9088817)

Remember the old saw ----

The CEO of Widget Industries tells the executive board members:

We´re losing money on each widget we sell, however, we´ll make it up in volume!

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Reply 4 - Posted by: ruready?, 12/29/2012 1:21:07 PM     (No. 9088820)

If the criteria for our social welfare were based upon what gave the poorest the most income - not what provides the smallest ratio between high and low incomes, we could crush Obama and tear down his cliffs (which are not cliffs, but stair steps into demise).

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Reply 5 - Posted by: NorthernDog, 12/29/2012 1:41:26 PM     (No. 9088857)

What can you say? This is what 51% voted for. It must be what they want.

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Reply 6 - Posted by: djcdjc, 12/29/2012 1:44:33 PM     (No. 9088860)

The anemic "recovery" is at the expense of $6T of deficit spending.

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Reply 7 - Posted by: otronome, 12/29/2012 2:06:19 PM     (No. 9088876)

According to Keynesian economics, we should welcome disasters that can lead to the government spending even more money. Remember the magic multiplier when TARP and all the other programs were launched? Pelosi and Co. were debating whether the magic multipler was 1.3 or 1.4.

For every dollar the gubbermint would spend, the magic multiplier would turn it into $1.3 in GDP. Wow, it didn´t matter how you spent it. Give it way to fake farmers by the billions, crush perfectly good cars and give the owners money, subsidize burning our corn crop, send money to non existent entities aas part of Wreckovery Summer, food stamps, fake Medicare claims; they all grow the economy! that is why our standard of living is soaring, I guess.

The piper is at the door and wants his money.

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Reply 8 - Posted by: jalo1951, 12/29/2012 2:35:52 PM     (No. 9088897)

There is no recover and we know it.

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Reply 9 - Posted by: TakeBackAmerica, 12/29/2012 2:37:28 PM     (No. 9088900)

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." –Thomas Jefferson

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Reply 10 - Posted by: Pearson365, 12/29/2012 2:39:16 PM     (No. 9088903)

"This is not economic recovery. This is long term economic stagnation."

Once again the racist Faux News is using white president standards to judge Obama. Obama has to be judged by how he has healed the planet and how he has stopped the waters from rising, and not by such petty things as stagnant GDP, sickening unemployment, increased use of food stamps, and declining family incomes. Those old measurements applied to Bush, Clinton and Reagan, and not the Messiah.

Jobs are just not that important when you can have Barack as your president. (Psst, if you do know of a job opening, let me know. I beg of you.)

All hail Barack the Magnificent.


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Reply 11 - Posted by: dman, 12/29/2012 3:01:24 PM     (No. 9088930)

We´ve known this for a while. This is one reason while NerØbama is desperate to pin blame on the Republicans, using the fiscal cliff Kabuki theater as the vehicle.

He will blame the Pubs regardless. In that case, just do what´s best for the country and not worry about the blame. Go over the cliff, and no more debt ceiling hikes or CRs. No more $$$ without a proper budget out of Dingy Harry. The military and conservatives will share the pain, but they know how to get through it. Those depending on unemployment, disability, Medicaid, AFDC, food stamps, the "Obama-stash", and "Obama-phones": not so much. This is as far as we´ll get from the next election. Plenty of time to wake up the electorate.

If not now - when?

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Reply 12 - Posted by: Heraclitus, 12/29/2012 3:10:02 PM     (No. 9088948)

And people fall off the employment rolls into the loving --delete that-- into the suffocating, crushing embrace of the government, which tumesces, burgeons, foams and bubbles like the Witches´ brew into an increasingly fetid totalitarian swamp.

Fox reports on these things. This is why the Left is constantly trying to undermine with the aim of eliminating Fox.

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B-G1


 
Reply 13 - Posted by: janylou, 12/29/2012 3:48:30 PM     (No. 9088992)

When W was in office, the pressitutes did everything they could to talk the economy down even with the unemployment at 5%. Now with the economy tanking, they are doing everything they can to paint a rosy picture.

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Reply 14 - Posted by: pickle1, 12/29/2012 3:49:50 PM     (No. 9088993)

That´s because they have stolen our money. It´s there; but they have it hidden.

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Reply 15 - Posted by: DCGIRL, 12/29/2012 4:16:38 PM     (No. 9089016)

Thank you Fox News. I thought I was losing my mind. I was talking to my husband today about the unemployment benefits. Why are they extending the benefits when everyone is saying that the economy is improving.....the unemployment has fallen and there are jobs to be filled. I knew that something smelled. This administration is a big fraud.

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Reply 16 - Posted by: Theeo, 12/29/2012 4:33:40 PM     (No. 9089032)

O why can´t we see
That bankrupt are we
America´s broke
And that´s no joke.

$666,666 PER PERSON IN THE RED.

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Reply 17 - Posted by: jackburton, 12/29/2012 5:07:10 PM     (No. 9089065)

FTA: If the labor force participation rate were now at its January 2009 level, unemployment would be 10.7 percent.



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Reply 18 - Posted by: nonsense, 12/29/2012 6:31:53 PM     (No. 9089144)

We have been in a Depression since the One took office. The only thing he has managed to grow is the Misery Index.

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Reply 19 - Posted by: grounded, 12/29/2012 6:40:53 PM     (No. 9089157)

Six-seven years ago, the Sunday help-wanted classifieds took up an entire eight to ten page section in the local fishwrap. These days there might be four pages and will include commercial advertisements as well. Private construction is at a near standstill, and the people who design projects for construction, engineers and architects, are hanging on by their fingernails. Yet they tell us that unemployment is below the national average. Then why do I see so many EBT cards being swiped everytime I am in line at the local supermarket? And why do ten to fifty people show up for each opening when somebody announces job fair? Its´ still true that figures lie and liars figure. Stagnation indeed.

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Reply 20 - Posted by: bob913, 12/29/2012 7:27:23 PM     (No. 9089204)

My older sister has been out of work for about 1 year. She is 57 and was an executive secretary at a home building company for over 20 years. The company was started over 40 years ago and shut down due to the economy.
Why buy a new house when there are thousands of homes in foreclosure around you.

She should be able to get a job but no one is hiring.... at least older workers.

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Reply 21 - Posted by: Butch, 12/29/2012 7:43:24 PM     (No. 9089217)

Once we do get an actual recovery, we´ll see huge inflation caused by the wildly excessive growth in the money supply. If businesses and individuals weren´t sitting on some $5 trillion in cash, we´d be seeing 20-30% inflation.

The Great Inflation is coming. No one knows exactly when, but at this point it is unavoidable absent drastic measures such as 20% interest rates and huge, immediate budgetary cuts.

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