People have began again to look for work. The participation rate has recent risen to 62.9%. However, The Labor Department’s unemployment rate of 4.4% does not tell the true story. A huge number of people have simply dropped out of the job market and are not counted.
Great Recession of 2008
The depth and severity of the Great Recession after the 2008 financial crisis pushed millions of Americans to the sidelines and discouraged them from looking for work and none of President Obama’s policies helped. In fact, it made the situation worse.
The type of jobs available has been part-time jobs-- less than 30 hours per week due to Obamacare. This reflected a provision in the law that defined “full- time employees” as those working 30 hours or more.
Destructive Obamacare Mandate
Under Obamacare’s employer mandate, companies with 50 or more “full-time” employees will be required to offer health insurance to their workers or pay a penalty if at least one of their employees purchases a plan through the healthcare marketplace with a federal subsidy.
Obamacare raised the cost of hiring along with the minimum wage controversy. Moreover, the average working person hasn’t had a raise in the last 15 years.
The national deficit now stands at $603 billion, but is predicted to go down to $440 billion this next fiscal year. The national debt doubled over the eight years of the Obama administration to now close to $20 trillion. This was more debt accumulated, in those eight years, than all the previous 43 presidents combined. This was total recklessness on the part of Obama. Fortunately, this increase of the national debt is now slowing down.
The economy has now experienced a growth of 3.0% this past quarter.
Eliminate Waste, Fraud, and Abuse
There is no new money available for programs, social or otherwise, unless unspent funds are found in the budget or waste, fraud, and abuse are eliminated and the funds redirected.
However, with the elimination of waste, fraud, ,and abuse in the government’s agencies, no truly beneficial programs need to be cut.
All federal employment should be frozen and any cost-of-living increases should be pegged to the inflation rate. The pensions should be equalized rather than income. All employees should be either on Social Security or on a 401k plan.
Rationally Choose Your Candidates
By knowing the state of the economy, you can rationally choose the candidates with the best policies to address these issues and not get hung up on party labels, or the race or sex of the candidate. And, most of all hold them accountable.
Our country is teetering on the brink of self destruction. President Trump is now in office. Now regularly contact your Representatives and Senators and let them know how you want them to vote.
Under Obamacare’s employer mandate, companies with 50 or more “full-time” employees will be required to offer health insurance to their workers or pay a penalty if at least one of their employees purchases a plan through the healthcare marketplace with a federal subsidy.
Obamacare raised the cost of hiring along with the minimum wage controversy. Moreover, the average working person hasn’t had a raise in the last 15 years.
The national deficit now stands at $603 billion, but is predicted to go down to $440 billion this next fiscal year. The national debt doubled over the eight years of the Obama administration to now close to $20 trillion. This was more debt accumulated, in those eight years, than all the previous 43 presidents combined. This was total recklessness on the part of Obama. Fortunately, this increase of the national debt is now slowing down.
The economy has now experienced a growth of 3.0% this past quarter.
Eliminate Waste, Fraud, and Abuse
There is no new money available for programs, social or otherwise, unless unspent funds are found in the budget or waste, fraud, and abuse are eliminated and the funds redirected.
However, with the elimination of waste, fraud, ,and abuse in the government’s agencies, no truly beneficial programs need to be cut.
All federal employment should be frozen and any cost-of-living increases should be pegged to the inflation rate. The pensions should be equalized rather than income. All employees should be either on Social Security or on a 401k plan.
Rationally Choose Your Candidates
By knowing the state of the economy, you can rationally choose the candidates with the best policies to address these issues and not get hung up on party labels, or the race or sex of the candidate. And, most of all hold them accountable.
Our country is teetering on the brink of self destruction. President Trump is now in office. Now regularly contact your Representatives and Senators and let them know how you want them to vote.
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