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'''''[[Conservapedia]]:''' Over '''180 million''' Views & Over <!--as of 10/22/10-->'''795,000''' Edits.''  '''October had a record-breaking total of unique visitors here'''.  Email us at conservapedia@zoho.com to request an account here.   
<br>'''ENTRY OF THE DAY: [[Conservative parables]].  Enjoy!'''
 
  
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== '''Today Is [[Veterans Day]]''' ==
 +
[[File:Washington Crossing the Delaware by Emanuel Leutze, MMA-NYC, 1851.jpg|center|300px]]
 +
'''Today we honor and remember all the veterans who risked their lives to keep America safe and free and the many who died in the service of their country.
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{{cquote|'''Our young friends -- yes, young friends, for in our hearts you will always be young, full of the love that is youth, love of life, love of joy, love of country -- you fought for your country and for its safety and for the freedom of others with strength and courage. We love you for it. We honor you. And we have faith that, as He does all His sacred children, the Lord will bless you and keep you, the Lord will make His face to shine upon you and give you peace, now and forever more. <small>--[[Ronald Wilson Reagan|Ronald and Nancy Reagan]], November 11, 1988</small>'''}}
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== [[Essay: Are atheists smarter than the average bear?|Are atheists smarter than the average bear?]] ==
 
== [[Essay: Are atheists smarter than the average bear?|Are atheists smarter than the average bear?]] ==
  
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'''<big>[[Western atheism and race]]</big>'''
 
'''<big>[[Western atheism and race]]</big>'''
 
<br />
 
<br />
 
==Personal Income takes a dive==
 
[[File:Real Disposable Personal Income.JPG|375px]]<br>
 
 
The [[United States Department of Commerce]] in a press release Monday announced '''Real Disposable Personal Income''' [http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm declined $16.8 billion] in the most recent reporting period.  Consumer spending which accounts for 70% of all economic activity, job creation, and '''[[Unemployment]]''' are all expected to be affected by the results.
 
 
Further declines in personal takehome pay also may occur after January 1, 2011 if the Obama tax increase is allowed to take place.
 
----
 
[[File:Social Security in deficit.jpg|375px]]<br>
 
 
One of the first problems the GOP inherits from the Democrats is the fact the Government made too many promises to people it was incapable of delivering fully, namely '''[[Social Security]]''' benefits for retiring [[baby boomer]]s. This year marks the first year the Social Security payroll tax is not enough to pay the promised benefits.
 
 
In the past, longterm solutions were kicked down the road by simply raising the payroll tax on working people. The Government then milked the overwithholding in the Social Security Trust Fund to create ''other'' programs. Many of these new government programs -- '''permanent spending''' programs that require a permanent revenue source, or means of support -- now also require new sources of funds or revenue, being that the payroll tax no longer supports those programs. Other government programs financed by the Social Security payroll tax were '''temporary spending''' programs -- temporary, like the cost of the '''[[Vietnam War]]''', for example.
 
 
Many await recommendations from the '''Presidential Deficit Reduction Commission''' study due December 1st. The Democratic controlled Congress ''voted down'' creating a Deficit Reduction Commission to make binding recommendations, so it remains to be seen if the Presidential Commission created to do Congresses job will have any impact, or whether it was just another wasteful '''temporary government spending''' program intended to give Democrats cover from the real issues and hard choices in an election year.
 
 
Meanwhile, in addition to workers being squeezed next year by higher Social Security payroll taxes, the Obama across the board income tax increase is still slated to take effect January 1st. And less takehome pay means less consumer spending which means less employment which means more poverty and unemployment. It's not rocket science.
 
 
==Projected deficits==
 
[[File:Obamunismdeficts.jpg|375px]]<br>
 
The above chart represents projected '''[[Federal Budget Deficit|deficit]]s''' under '''[[110th Congress|Congressional Democrat]]s''' and President Obama's leadership.
 
 
Persistent deficit financing, along with tax increases in hard economic times, are known job killers that stifle growth and choke job creation, '''''even according to [[Keynesian]] economic theory.'''''<br><br>
 
[[File:Obama deficit.JPG|375px]]<br>
 
''Source: White House Office of Management and Budget''<br><br>
 
The Obama '''[[Federal budget deficit|deficit]]s''' are unquestionably the largest on record and represents an explosion of debt owed to foreign investors -- '''[[capital]]''' that must be exported in the future. The most recent deficit under President Obama for the year ending September 30, 2010 has been reported by the administration as $1,290 billion dollars (or $1.29 trillion).
 
 
[[File:Obama deficits 2009-2010.JPG|375px]]<br>
 
 
President Obama's record deficits include the $787 billion failed '''[[Economic stimulus]]''', the [http://www.washingtonpost.com/wp-dyn/content/article/2009/02/25/AR2009022504066.html $634 billion "down payment" on so-called [[healthcare reform]],] and the [http://www.time.com/time/business/article/0,8599,1897321,00.html $80 billion [[UAW]] [[bailout]],] which added to [[President Bush]]'s proposed [http://www.washingtonpost.com/wp-dyn/content/graphic/2009/03/21/GR2009032100104.html $700 billion deficit] in 2008. [[President Obama]]'s claim [http://www.whitehouse.gov/the-press-office/2010/09/20/remarks-president-cnbc-town-hall-discussion-jobs "I had a $1.3 trillion deficit wrapped in a bow, waiting for me at the Oval Office"] is not supported by the facts.
 
 
[[File:Foreign debt.JPG|375px]]<br><br>
 
 
Approximately one-third of the '''[[National debt]]''', or virtually all that [[President Obama]] and [[Congress]]ional [[Democrat]]s added to the existing debt, is now held by foreign investors. Two failed Stimulus packages in the past three years from the Democratic Congress were an incredible waste of resources for what the President later admitted were non-existent "shovel ready" jobs at a time they were needed for the private sector to create jobs. Rather, a large foreign debt was created which must be repaid before any benefit ever trickle's down to working families.
 
 
The Chinese credit rating agency, Dagong Global, downgraded the long term sovereign credit rating of the '''[[United States]]''' from “AA” to “A+“, which reflects the U.S. deteriorating debt repayment capability. The agency cited, [[File:Hunger in America.jpg|right|125px|thumb|"'''''There’s no such thing as shovel-ready projects'''''," President Obama later admitted as Unemployment & Debt spiraled out of control. [http://www.cbsnews.com/8301-503544_162-20019468-503544.html] ]]
 
:''[http://www.dagongcredit.com/dagongweb/uf/USARatingReport.pdf serious defects in the United States economic development and management model] will lead to the long-term recession of its national economy...Subject to the economic development model of the United States, the credit crisis is far from over, and the U.S. economy will be in a long-term recession…
 
 
The ''New York Times'' reports officials from [[China]] to [[Germany]] to [[Brazil]] suggest "[http://www.nytimes.com/2010/11/10/business/global/10global.html?_r=1&ref=group_of_20 Washington's addiction to debt has greatly diminished its credibility."] Jeffrey E. Garten of the Yale School of Management remarked, "the U.S. is reinforcing views in [[France]] and China, among others, that the [[Obama administration monetary policy|entire monetary system]] is a political toy of a dysfunctional U.S. political system."
 
  
 
==Bush era taxcuts==
 
==Bush era taxcuts==
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Workers during '''[[Recovery Summer]]''' had smaller paychecks due to a decline in the average number of payroll hours worked per week. Likewise '''fewer payroll hours''' does not bode well for the '''[[Unemployment|Unemployed]]''', as payroll hours are first to be increased before an employer hires more workers. Declining payroll hours and Workforce participation are two examples of 'under utilization of resources' contributing to the Output Gap.
 
Workers during '''[[Recovery Summer]]''' had smaller paychecks due to a decline in the average number of payroll hours worked per week. Likewise '''fewer payroll hours''' does not bode well for the '''[[Unemployment|Unemployed]]''', as payroll hours are first to be increased before an employer hires more workers. Declining payroll hours and Workforce participation are two examples of 'under utilization of resources' contributing to the Output Gap.
  
==September job loss==
 
'''September job loss continued unabated with another 95,000 Americans thrown out of work''',
 
 
[[File:September 2010 job loss.JPG|350px]]<br>
 
 
and the total workforce shrank further to 130,201,000 workers,<br>
 
 
[[File:Summer of Recovery.JPG|375px]]<br><br>
 
 
'''[http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?request_action=wh&graph_name=CE_cesbref1 down significantly since May]''' when the '''[[Obama administration]]''' declared its '''[[Summer of Recovery]]''' and 130,594,000 workers still had jobs.
 
 
==Unemployment claims continue to soar==
 
[[File:Continued claims.JPG|350px]]<br>
 
'''[[Unemployment]]''' continued claims soared to 4,519,500 at the end of '''[[Recovery Summer]]'''. An additional 462,000, first time filers, or an increase of 13,000 displaced workers [[Unemployment|joined the soup lines]] in mid October.  White House Chief of Staff '''[[Rahm Emanuel]]''', and three forths of the President's key economic advisers, have left the government prior to what appears to be an impending disaster for the Administration and [[Democrat]]s in the [[2010 Midterm elections|November 2 midterm elections]].
 
 
[[File:Weekly UC Claims 21 Aug 2010.JPG|375px]]<br>''Source: U.S. Dept. of Labor, Bureau of Labor Statistics.''<br><br>
 
An average of 457,000, workers per week, nearly ''100,000 per day'', are still being laid off 21 months into the Obama Stimulus.<br>
 
 
The [[Congressional Budget Office]] observes the share of unemployed workers whose previous job was ''permanently lost'' has been ''especially pronounced'' during the past two years.  [http://www.cbo.gov/ftpdocs/108xx/doc10871/Chapter2.shtml#1103316]<br>
 
[[File:Permanent job loss.JPG|375px]]<br>
 
''Percent of Unemployed workers.''<br>
 
''Sources: Congressional Budget Office; Department of Labor, Bureau of Labor Statistics.''<br>
 
  
 
== Conservative Quotes ==  
 
== Conservative Quotes ==  
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"Too much of what is called 'education' is little more than an expensive isolation from reality." - [[Thomas Sowell]]
 
"Too much of what is called 'education' is little more than an expensive isolation from reality." - [[Thomas Sowell]]
 
----
 
----
<big>'''Obama's New New Deal'''</big><br>
 
(continued from above)
 
 
ADP, the nation’s largest payroll service, reports [http://www.adpemploymentreport.com/pdf/FINAL_Report_September_10.pdf another decline in U.S payrolls] in September, confirming "a pause in the economic recovery
 
already evident." The "deceleration of employment occurred in all the major sectors."
 
[[File:Depression era soup kitchen.JPG|175px|right|thumb|'''The [[Obamanomics|New New Deal]] recalls an era when government did more to promote [[New Ordeal|Party interest]] and [[class war]] than to encourage Economic Recovery and the wellbeing of its citizens.''']]
 
 
The '''[[Obama]]''' Stimulus was modeled after the '''[[New Deal]]''', which modern scholars believe did more to deepen, and prolong, the '''[[Great Depression]]''' than provide relief. Great Britain in the 1930s [[New_Ordeal#Stagnant_growth:_Britian_recovers_while_U.S._remains_ensnared|recovered in four years]], whereas the United States remained mired with persistent high unemployment, recession, and the New Deal for another twelve. Germany today, with a smaller stimulus, has regained virtually all jobs lost since the '''[[Financial Crisis of 2008|Recession of 2008]]''' and reports the largest growth since reunification.
 
 
One factor '''[[Obamanomics]]''' did not consider is, the '''[[Keynesian]]''' New Deal of the 1930s was designed for a predominately industrial economy reliant on production and manufacturing, not a debt ridden and service driven consumer economy.
 
 
Also, the borrowing of the New Dealers to finance government spending came mostly from domestic, and not foreign investors.  The repayment of a large foreign debt, ''both'' interest ''and'' principal primarily to [[China]], defeats the entire purpose of a stimulus: to produce the [[capital]] necessary to create, and sustain employment. [[U.S. Secretary of State]] [[Hillary Clinton]] recently cited the [[Extremism|extreme]] growth of the [[National Debt]] as a grave [http://thehill.com/blogs/on-the-money/budget/117723-clinton-us-deficit-sends-qmessage-of-weakness-internationallyq "national security threat."]
 
 
[[Federal Reserve]] Board Chairman [[Ben Bernanke]] also publicly admitted "a concerted policy effort has so far [http://online.wsj.com/article/SB10001424052748703499604575512242273196062.html not produced an economic recovery] of sufficient vigor to significantly reduce the high level of unemployment."
 
 
==Youth Unemployment hits record high<br> in Obama's first two years==
 
[[File:Crime Scene.jpg|175px|right|thumb|'''Loss of [[Hope]] of ever finding a job leads many disillusioned youth turning to [[drugs]] and [[crime]].''']]
 
The '''[[Unemployment]]''' rate for youths reached a record 19.1 percent in July 2010. According to the US Bureau of Labor Statistics, it was the highest midsummer jobless rate for 16-to-24-year-olds since record keeping began in 1948. The youth unemployment rate has nearly doubled over the past two years, according to the '''''[http://www.democracynow.org/2010/8/30/headlines Democracy Now]''''' website.  A prominent economist from the University of Maryland is warning the US economy could experience painfully slow growth and high unemployment for another decade.
 
 
==Unemployed over 50 may never work again==
 
[[File:Elder workers.jpg|150px|right|thumb|'''Senior workers may be the first written off and forgotten as a result of the [[American Recovery and Reinvestment Act of 2009]].''' ]]
 
The '''''[[New York Times]]''''' has reported older [[unemployed]] workers over 50 years of age [http://www.nytimes.com/2010/09/20/business/economy/20older.html?_r=1 may never work again] in their lifetimes.  Of the 15,000,000 who are now unemployed since President Obama took office, 2,200,000 are 55 or older. The unemployment rate in this group is 7.3 percent, an all time high, and more than double what it was at the beginning of the latest recession.
 
Nearly half of them have been unemployed six months or longer, according to the [[U.S. Department of Labor|Labor Department]].
 
 
In today's job market, because it will take years to absorb the giant pool of unemployed at the pace set by current  [[Washington]] policymakers, many of these older people may simply quit looking for work and begin an early, impoverished, retirement.
 
[[File:Shanty town.jpg|175px|right|thumb|'''More than 43 million Americans now live in [[poverty]], up nearly 4 million just since [[President Obama]] took office, according to the Census Bureau.''']]
 
 
==Poverty rate explodes==
 
 
At the very moment an economic Recovery was needed, the [[U.S. Census Bureau]] reports 43.6 million people, or one in seven Americans, fell into '''[[poverty]]''' in 2009, up from 39.8 million the year before. ''[[USA Today]]'' reports, "The number of people in poverty reached its highest level in 51 years."
 
 
[[File:Census poverty report figure4.jpg|375px]]<br><br>
 
 
==Stimulus edges [[Unemployment]] higher==
 
[[File:Unemployment Rate August 2010.JPG|375px]]<br>
 
 
The '''[[U.S. Labor Department]]''' reported '''[[Unemployment]]''' rose in the ‘'''[[Summer of Recovery]]'''’ to 9.6%, or 14,900,000 workers. '''[[President Obama]]''' [http://www.whitehouse.gov/blog/2010/09/03/president-obama-august-jobs-numbers-positive-news-not-nearly-good-enough called the results "positive"] and [[Wall Street]] rallied to record levels on the bad news. The ''[[New York Times]]'' has reported [http://www.nytimes.com/2010/08/31/business/31sorkin.html 70 percent of all campaign contributions] from Wall Street in [[United States Presidential Election, 2008|2008 elections]] went to President Obama and the [[Democrat]]s.
 
 
More than 120 banks and financial institutions who took money from the $700 billion [[Financial Crisis of 2008|Troubled Assets Relief Program]] which then [[Senator Barack Obama]] voted for have failed to make their scheduled repayments. Five others failed altogether making it unlikely the [[U.S. Treasury]] will ever recover the money poured into those institutions. Wall Street banking giants '''Goldman Sachs''', '''JP Morgan''', '''Citigroup''' and '''Morgan Stanley''', which recieved $70 billion in '''[[bailout]]''' funds, are among the [http://edschultz.invisionzone.com/index.php?showtopic=36796 Top 20 largest donors] to President Obama's political campaigns.
 
 
Key administartion advisers '''[[Rahm Emanuel]]''', '''[[Larry Summers]]''', '''Peter Orzag''' and '''Christina Romer''' all announced thier departures just before the abysmal performance of President Obama's economic program was made public.  3,200,000 despairing workers have now lost thier jobs since the President's economic stimulus became law. The '''[[Democrat]]ic''' controlled Congress acted with the assurance Unemployment would never reach above 7.8%.
 
 
The total number of lives affected by Unemployment since the [[110th Congress]] when the '''[[Recession]]''' began is well above the constant 15,000,000 unemployed reported. As roughly 2,000,000 newly unemployed enter the jobless ranks monthly, and another 2,000,000 finding jobs are rotated out, the cummulative effect means over 30 million people have directly suffered unemployment.
 
 
By September 2010, nineteen months into the Stimulus, the [http://www.bls.gov/news.release/empsit.nr0.htm Labor Dept claimed the number of "marginally attached"] underemployed (part time workers seeking full time work and workers taking employment beneath their skill set) reached over 2,800,000 persons ([http://townhall.com/columnists/RichGalen/2010/10/29/relapse_summer 18.2% of the workforce]), up from 2,200,000 in President Obama's first year.
 
 
Among the marginally attached, there were 1,200,000 discouraged workers, an increase of 503,000 since Obama's first year in office. Discouraged workers are defined as persons who have lost [[hope]] of finding work because they believe no jobs are available.
 
 
[[File:Total Unemployed.jpg|375px]]<br>
 
 
The length of time a worker is Unemployed is now ''more than twice'' as long ''as any time'' in the last 50 years.<br>
 
[[File:Median-longterm-unemployment.JPG|375px]]<br>
 
 
And the workforce continues to shrink.<br> 
 
[[File:Total workforce.JPG|375px]]<br><br>
 
 
==Unemployment in the Pelosi/Reid Congress==
 
[[File:Unemployment-chart-july-7-2010.png|375px]]<br>
 
Approximately 8 million jobs have been lost, many of them permanently, since the '''[[110th Congress]]''' under Speaker '''[[Nancy Pelosi]]''' and Senator [[Harry Reid]] initiated their budget and spending priorities in January of 2007.<br>
 
 
[[File:CBO Forecast Unemployment by State.JPG|375px]]<br>
 
 
The [[Congressional Budget Office]] (CBO) [http://www.cbo.gov/ftpdocs/108xx/doc10871/Chapter2.shtml has forecasted] [[Unemployment]] as a national average to rise above 10% late in 2010 and early 2011. The above chart from the CBO shows the varying  Unemployement rates throughout the 50 states after two years of [[Economic stimulus|Stimulus]].
 
 
Three factors now threaten the Economic Recovery and expose the United States to another Recession:
 
:*The '''Foreclosure Freeze''': one half trillion dollars in unsold housing inventory needs to be liquidated before demand for new housing construction, and hence new housing construction jobs, picks up. The Foreclosure Freeze also threatens banks that recieved [[bailout]] money and now are faced with more losses since the homes foreclosed on cannot be sold.
 
:*'''Questions about the legality of foreclosures and land transfers''';
 
:*'''The Obama Tax increase''' slated for January 1st. Less take home pay means lower consumer spending. Consumer spending accounts for 70% of all economic activity.
 
  
 
== Conservative resources ==
 
== Conservative resources ==

Revision as of 07:45, 11 November 2010

Welcome to Conservapedia!

Conservapedia: Over 180 million Views & Over 795,000 Edits. October had a record-breaking total of unique visitors here. Email us at conservapedia@zoho.com to request an account here.


Today Is Veterans Day

Washington Crossing the Delaware by Emanuel Leutze, MMA-NYC, 1851.jpg

Today we honor and remember all the veterans who risked their lives to keep America safe and free and the many who died in the service of their country.

Our young friends -- yes, young friends, for in our hearts you will always be young, full of the love that is youth, love of life, love of joy, love of country -- you fought for your country and for its safety and for the freedom of others with strength and courage. We love you for it. We honor you. And we have faith that, as He does all His sacred children, the Lord will bless you and keep you, the Lord will make His face to shine upon you and give you peace, now and forever more. --Ronald and Nancy Reagan, November 11, 1988

Are atheists smarter than the average bear?

Cinnamon black bear.jpg

Biblical scientific foreknowledge adds a new insight: the possibility of quantum tunneling was illustrated nearly 2000 years before scientists discovered it.

Bible Verse

"You've sown much grain, but don't harvest much. You eat, but don't have enough to eat. You drink, but are still thirsty. You dress yourselves, but can't get warm. And the man who earns a wage puts them in a bag full of holes."

Haggai 1-6 (Conservative Bible Project CB).

Historical quote

"We all know art is not truth. Art is a lie that makes us realize truth." Pablo Picasso.

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Western atheism and race

Bush era taxcuts

After the Bush Taxcuts of 2001 and 2003 took effect, taxes collected by the government rose $800 billion dollars, according to the Office of Management and Budget

Federal Reciepts after Bush Taxcuts.png

and 8 million jobs were created, according to Labor Department statistics.

Jobs created after Bush Taxcuts.png

Initially the deficit swelled to $400 billion but by 2008 it narrowed to $160 billion. Taxes collected by the government increased from $1,800 billion to 2,600 billion (or $800 billion, recouping the original cost of $400 billion) and 8 million jobs were created. Conclusion: taxcuts more than pay for themselves.

Effect of Bush taxcuts on deficit.JPG

Obama tax increases on the Middle class

On September 12, 2008 while campaigning in Dover, New Hampshire, then candidate Obama made this solemn promise to the American people:

I can make a firm pledge: under my plan, no family making less than $250,000 will see their taxes increase - not your income taxes, not your payroll taxes. [1]

As of January 1, 2011, income taxes and payroll taxes are slated to increase on all working people in the United States, including the poor and those least able to afford it. A working family with four children, for example, will pay $215 more per month under President Obama and the Congressional Democrats economic program.

Obama tax increases.JPG

GDP Report Shows Stimulus Failed

375px

The U.S. Commerce Dept. reported Gross Domestic Product has not responded adequately to the one trillion dollars in stimulus passed since Speaker Nancy Pelosi took control of the U.S. House of Representatives in early 2007. More than 8 million jobs have been lost however, affecting the lives of 30 million workers. Several trillion dollars have also been added to the National debt. Analysts for the New York Times anticipate another downward revision when 3rd quarter estimates are released Friday.

By contrast, the 3.0%+ growth rates sustained by the Reagan era tax cuts as the United States emerged from the 1982 recession provided the necessary stimulus to maintain a growing population and declining unemployment (below chart).
GDP Q2 1983.JPG

The Congressional Budget Office reports the GDP output gap (the difference between actual GDP and potential GDP if all labor and capital were fully employed) is about 6.5 per cent, and economic growth for the next few years "will probably be muted." The US economy has no recent experience of living with an output gap of anywhere near this level.

Output Gap Q2 2010.JPG
The Output Gap: a reflection of actual vs potential output. The U.S. economy is operating 6.5% below its productive capacity. At 1% growth, it will take the better part of a decade to return the 10% Unemployed back to the workforce, barring no other unforseen disasters. The two Stimulus packages, since the Democrats took control of Congress in January 2007, represent an incredible waste of precious resources which could have been used to foster job creation rather than add to a colossal foreign debt.

The original term Keynesian New Dealers used for the unemployed was "wastage."

Declining workforce participation is another factor affecting the Output Gap since the Pelosi/Reid Congress took office. Workforce participation.JPG

Workforce participation constitutes the total number of eligible working age adults. Some workers (women who drop out of the workforce for child rearing purposes, or seniors who work to remain active rather than they need the money, for example) in the adult population are discounted, or deemed 'ineligible' to work to arrive at the base number from which the Unemployment rate is calculated. Prior to the recession, more than 66% of working age adults were considered to makeup the workforce. Nearly two full percentage points, or 3,000,000 workers have been shaved off the statisitcs by government number crunchers, to arrive at the base number used to calculated a 9.6% Unemployment rate. If those three million eligible workers were addded back in, the 15,000,000 unemployed figure would swell to 18,000,000 (each one percentage point of the Unemployed represents roughly 1.5 million people).

Underemployment is said to be another 7%, or 11,000,000 people, bringing the entire group total to 29,000,000 unemployed, underemployed, or 'ineligible' currently. Not counted in this figure are new hirees, persons who recently experienced Unemployment. The turnover rate (for whatever reason) of new hirees is much greater than more established workers.
Average weekly hours.JPG
Workers during Recovery Summer had smaller paychecks due to a decline in the average number of payroll hours worked per week. Likewise fewer payroll hours does not bode well for the Unemployed, as payroll hours are first to be increased before an employer hires more workers. Declining payroll hours and Workforce participation are two examples of 'under utilization of resources' contributing to the Output Gap.


Conservative Quotes

"Nothing is easier than spending the public money. It doesn't appear to belong to anybody." - Calvin Coolidge

"Too much of what is called 'education' is little more than an expensive isolation from reality." - Thomas Sowell


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