Latest jobs report is pure fraud

Posted by on October 8, 2014
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Here we go again. The latest jobs report came out last week- and it’s pure fraud and fantasy. Lies and propaganda passed off as “good news.” The reality is this new jobs report is a DISASTER for America and our middle class.

The “facts” released by our “honest and transparent government” report 248,000 new jobs created, beating expectations by a mile. The “facts” report unemployment dropping to 5.9%, the lowest rate since 2008.

It’s as if Obama is saying, “If you like your job, you can keep it.”

But you can’t. It’s no more truthful or realistic than “If you like your insurance, you can keep it.” Same fraud. Same lies. Same propaganda. Same “Banana Republic” mainstream media reporting lies, fantasy and propaganda as truth.

Here’s the REAL facts about the latest jobs report:

First the reason unemployment dropped to the fantasy level of 5.9% is that 315,000 more Americans dropped out of the Labor Force last month.

Where did they go? Most of them dropped off unemployment to get on welfare, food stamps or disability. Job categories used to be listed as policeman, fireman, scientist, butcher and baker. Now we should add “government dole.” Millions of people get up late, watch Judge Judy and Dr. Phil and get off the couch for the first time all day to open the mail to find their government check. This is the Obama economy. Obama uses the fact that millions of Americans are not working as a reason to lower the unemployment rate.

Where will America get the money to pay for all these welfare, food stamp, disability and Social Security checks for citizens who will never work again? We’re already broke. This just adds to the crushing unsustainable $18 trillion debt.

This isn’t good news. It’s a disaster.

Adding to the misery, the Labor Force Participation rate just dropped to the lowest in 36 years. There are now 92.6 million working-age Americans NOT working.

This isn’t good news. It’s a disaster.

Like those late night infomercials say- “But wait. There’s more!”

How can 248,000 new jobs be a good thing if average hourly wages are stagnant or dropping? Because they are. That fact was buried in the latest jobs report.

Even the Americans lucky enough to have a job are drowning in quicksand. As Democrat Bill Clinton just admitted, “The average American is making less, adjusted for inflation, the day I left office.”

The middle class isn’t getting richer, it’s getting poorer. Even Bill Clinton understands that under Obama the middle class is struggling to survive…and struggling to pay bills…that’s if they still have a job.

This isn’t good news. It’s a disaster.

The bad news is coming in waves. The media forgot to tell you that inside last week’s jobs report was this nugget of reality- the only people being hired are your grandparents. 230,000 of the new jobs went to those in the 55 to 69 year old age group. In the prime working age group of 24 to 54 years old, 10,000 jobs were lost.

Holy freaking batman! What is happening? It means grandma and grandpa are desperate and willing to take grandson’s low wage job to survive until Social Security kicks in…or perhaps they need to work until the day they die, to supplement Social Security. But that’s very bad news. The U.S. workforce is now the oldest in history. If grandpa or grandma has to work (out of desperation) until the day he or she dies, there will never be any decent jobs for the grand-kids.

This isn’t good news. It’s a disaster.

But I’ve saved the two worst bits of news for last. What good is the news of 248,000 new jobs, if they are all part-time or low wage jobs? 4 of the 5 new jobs were in the lowest quality categories.

Obama is creating a nation of desperate, government-dependent minimum wage workers. If you lose your $100,000 job, get ready to clean toilets, flip burgers, mow lawns, or work at The Gap. Because that’s all that’s available among the new jobs.

That’s if there are any jobs at all. I believe the numbers of new jobs are pure fraud. Made up out of thin air. Want proof? The government’s own JOLT report came out on Tuesday. It says that monthly hiring has plummeted. Dropped off a cliff.

It was down 294,000 positions last month- that’s the worst drop since 2010…and the third worst number since the Lehman Brothers collapse in 2008.

So now I ask you…how could there be good news about jobs created…at the same time the government’s own report shows a severe halt to hiring? Somebody’s cooking the books folks.

And how come the mainstream media only reports on the fraudulent report showing jobs created…but never mentions the other report showing plummeting hiring? Good question. The media is obviously in on the fix. The media has a conflict of interest. The media is big business.  The media is owned by billion dollar companies. Their advertisers are billion dollar companies. Their own media companies are publicly traded on Wall Street. They are in on the fix. They desperately want you to believe all is well, so their advertisers keep spending…and so their stock prices don’t plummet. They need to keep the Ponzi scheme going. Can you spell “BANANA REPUBLIC”?

Welcome to Obama’s America- where up is down…where bad news is reported as good news…where old is the new young (because only old people work anymore)…where minimum wage is this President’s obsession because minimum wage jobs are the only jobs in the Obama economy…where it’s good news that people stop working and join the welfare rolls because they are now more likely to vote Democrat…where as Nancy Pelosi claims, “Food stamps, unemployment and welfare are the best ways to grow the economy.”

Oh…my…God. This Obama crowd is pure crazy. Either idiots, insane or communists. My educated guess is…a combination of all three.

This folks is an unmitigated disaster. This folks is “the murder of the middle class.”

And…

This latest jobs report is pure fraud.


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Wayne Allyn Root
Wayne Allyn Root is the author of the new book The Murder of the Middle Class and The Ultimate Obama Survival Guide. Wayne is a former Libertarian Vice Presidential nominee, successful entrepreneur, small business defender, business speaker, Capital Evangelist, and media personality – appearing on over 5,000 interviews in the past five years. Wayne’s web site: ROOTforAmerica.com.