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Lifespan is added to Biblical Scientific Foreknowledge: thousands of years after Genesis 6:3 was written, the record for the longest-living man is precisely what Genesis said it would be, and the average lifespan and the lifespan for a good-living man are also as stated in the Psalms 90:10.

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So I pray that your love will still grow in knowledge and insight, so you can discern what is best and be truthful and sinless until Christ's return. -- Philippians 1:9-10 (Conservative Bible Project CB)

Thursday was the 75th anniversary of Hoover Dam, which has provided energy and water to improve and save the lives of countless people. Thomas Jefferson observed, "The care of human life and happiness, and not their destruction, is the first and only legitimate object of good government."

Unemployment claims continue to soar

Unemployment Continued claims soared to 4,519,500 last week, with an additional 465,000 first time filers, or an increase of 12,000 displaced workers from the previous week.
Source: U.S. Dept. of Labor, Bureau of Labor Statistics.

Still an average of 458,000 workers per week, nearly 100,000 per day, are added to the soup lines, 21 months into the Obama Stimulus.
The Congressional Budget Office remarks the share of unemployed workers whose previous job was permanently lost has been especially pronounced during the past two years. [1]
Percent of Unemployed workers.
Sources: Congressional Budget Office; Department of Labor, Bureau of Labor Statistics.

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

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Obama's New New Deal
(continued from above)

ADP, the nation’s largest payroll service, reports declines in U.S payrolls in both July and August, typically the peak months of hiring.

The New New Deal recalls an era when government did more to promote 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 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 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 extreme growth of the National Debt as a grave "national security threat."

Federal Reserve Board Chairman Ben Bernanke also publicly admitted "a concerted policy effort has so far not produced an economic recovery of sufficient vigor to significantly reduce the high level of unemployment."

Effects of the Bush taxcut

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

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

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, doubling the original cost of $400 billion) with 8 million jobs were created. Conclusion: taxcuts pay for themselves.

Obama deficit

Source: White House Office of Management and Budget

The Obama deficit is unquestionably the largest on record and represents an explosion of debt owed to foreign investors -- capital that must be exported in the future.

Approximately one-third of the National debt, or virtually all that President Obama and Congressional Democrats 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 the nations resources 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.

Youth Unemployment hits record high
in Obama's first two years

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 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

Creating dependency. Elder 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 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 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.

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."

Stimulus edges Unemployment higher

The U.S. Labor Department reported Unemployment rose in the ‘Summer of Recovery’ to 9.6%, or 14,900,000 workers. President Obama, rested up from an extended vacation just prior to the long Labor Day holiday weekend, called the results "positive;" Wall Street rallied on the bad news. According to the New York Times, Democrats and President Obama received 70 percent of all campaign contributions from Wall Street in 2008 elections.

Dr. Christina Romer, who last year asserted the Economic stimulus would stop Unemployment from rising above 7.8%, cleaned out her desk and resigned from the President's Council of Economic Advisers the same day the recent Jobs Report was released. Since the Stimulus became Law, an additional 3,200,000 jobs have been lost.

Obamaville's are sprouting across the United States

The total number of lives affected by Unemployment since December 2007 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 cumulative effect over 30 months is an additional 30 million plus who have been directly affected by unemployment.

By August 2010, eighteen months into the Stimulus, the 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 16.7% of the workforce.

The length of time a worker is Unemployed is more than twice as long as any time in the last 50 years.

And the workforce continues to shrink.

GDP Report shows Stimulus failed

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 7 million jobs have been lost however, affecting the lives of nearly 30 million Americans. Several trillion dollars have also been added to the National debt.

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).

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.

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 10% of the workforce to employment, 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."

Another factor affecting the Output Gap since the Pelosi/Reid Congress took office is the reported decline in Workforce participation.

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 because they need the money, for example) in the adult population are dicounted, or deemed 'ineligible' to work to arrive at the base number from which Unemployment number 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 figure. If those three million eligible workers were addded back in, the 15,000,000 unemployed figure would swell to 18,000,000 (each one percent unemployment percentage point represents roughly 1.5 million people).
Workers during Recovery Summer are making less money due to a decline in the average number of 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.

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