Socialism will be growing. Here it comes…bend over and kiss your behind goodbye.
President Barack Obama has called for action to remedy what he described as profound income inequality and a lack of social mobility in the US. He said the country had accepted higher levels of economic inequality than other developed nations because Americans “were convinced that America is a place where even if you’re born with nothing, with a little hard work you can improve your own situation over time”.
"The idea that so many children are born into poverty in the wealthiest nation on Earth is heartbreaking enough. The idea that a child may never be able to escape that poverty because she lacks a decent education or healthcare, or a community that views her future as their own, that should offend all of us and it should compel us to action."
Of course, he didn’t say anything about the economic situation under his presidency which has caused most of the problem. Or the 47% that are already being supported by the taxpayers and those that expect the government to hand them something for nothing.
Our Economy Under b.o.
thanks to b.o. for this
The telling tale of how well a country’s economy is doing is the labor statistics. If employment is up the economy is robust. If employment is down it is not.
So, let’s not listen to the b.o. administration but instead look at the statistics.
The chart below shows the historical Participation Rate (employment) of people in the USA since 1978. There was a drastic fall when the b.o. administration took over.
The inactivity rate (unemployment) of males in the USA. While trending down in 2006 it started a steep upward shot after 2008.
The amount of time that a person is unemployed is also indicative of a poor/stagnate economy. The chart below shows a steep growth in unemployment time under the b.o. administration.
The following graph compares the USA participation rate with other countries.
As can be seen our economy probably ranks right along with that of Greece and the other PIIG countries of Europe who are taking economic blood baths.
So the b.o. administration plan to get out of this is??? Tax the hell out of the 53% so the government can give more to the 47%. Why don’t we adopt the policy that George Wallace had as governor of Alabama (don’t shut down your thinking because of who he was, he actually had some good ideas). He implemented a program that those on any form of welfare (including unemployment) had to show up every work day for assigned duties around the towns and counties that needed doing. This included picking up litter, painting bridges, etc. Everyone had to show up and do 40 hours of the “community service” or they didn’t get their welfare or unemployment. It got the lazy up off their butts and gave people a feeling of confidence and accomplishment. If a person could not work any of the assigned tasks there were other tasks that considered those with disabilities, etc. The feds shut this program down since welfare and unemployment had government funds attached and you couldn’t force people to work for their handouts (the rule that doesn’t allow this definitely needs to be changed ).