The difference between 47.6% of population with full time jobs in Nov 2020 and 52% is 11.5 million

 Think of each of those 11.5 million full-time units forming a household, buying a house, buying a car, buying a washing machine, raising some kids, paying taxes for good schools to which to send them, etc.

That's what's missing.

Sad! 

Just a reminder that the harrowing nature of full time employment in the United States hasn't changed much as of Nov 2020

 As a percentage of population, full time in Nov 2020 remains in the basement digging holes at 47.6%, reminiscent of the historic lows pre-Reagan and the double Reagan recessions of the early 1980s.

Full-time never recovered after the Great Financial Crisis of 2008, if you mean a return to pre-GFC1 levels. Under Obama and continuing under Trump full time after eight long years finally clawed its way up to 50.4% in 2019 on an average annual basis, only to be felled again by a lousing, stinking virus.

But don't make the mistake of blaming the virus. Conditions were long too weak to support pre-GFC1 levels of full time employment. Contrast this with the vigor of the Reagan/Bush surge in which full time went from 47.3% to 52.2% in just six years.

That missing vigor is the irreducible fact of the present economic malaise now in its twelfth year which very few acknowledge let alone understand.

  

Fake News from Drudge vs. Trump reminds me of Fake News from Rush Limbaugh for Trump: "Economy in same place as Great Recession..."

 Anyone with any brains can see that the economy is about where it was at the beginning of 2019, not where it was in 2009, at least on paper.

Rush was telling us for months that businesses were being destroyed by the lockdowns and that they would not recover. Now he's telling us "we can survive a massive unknown hit like this thing by the coronavirus" and calling for "even more stimulus", i.e. what Democrats always call for, spending money we don't have, which is anything but conservatism from "The Big Voice on the Right".

The entire GOP signed off on the massive deficit spending to purchase this V-shaped recovery Drudge doesn't want to recognize, but 8.4 million still don't have the full time work they had just a year ago. That's a massive hit which will take years to recover. As in 2009, however, older workers who lost their full time jobs this time around won't recover them either. Full time will recover only as population grows. 

Neither Drudge nor Rush Limbaugh think too much of the intelligence of their patrons. Their understanding is thimble-deep.

But neither do Democrats nor Republicans. They go into panic mode to preserve as much of the status quo as possible with bailout gimmicks, same as ever. And when the bailouts end, the dispossessed will face what they always face: disillusionment. 

Sad!

Things to remember from the week that was, Sep 19-26, 2020, and none of it is about COVID-19

Democrat Senator Chucky Schumer tweeted on Feb 22, 2016: Attn GOP: Senate has confirmed 17 #SCOTUS justices in presidential election years. #DoYourJob.

But now that they're about to do just that, he's saying Ruth Bader Ginsburg "must be turning over in her grave up in heaven". RBG is actually on ice right now, until her burial this week at Arlington. The Senate Minority Leader, like a lot of Democrats, has problems with spatial, temporal, dimensional and proportional imagination, not to mention the American idiom.  

Democrat Senator Harry Reid tweeted on Nov 21, 2013: Thanks to all of you who encouraged me to consider filibuster reform. It had to be done.

In 2013, Reid was then asked if he was worried the GOP could change the filibuster on #SCOTUS, too. His response: "Let 'em do it".

So Mitch McConnell did, sooner than Reid was imagining.

The cannibal Reza Aslan was so hungry for human BBQ he called for the whole thing to be burned down if the GOP replaced RBG, who died at home and "lied in state" according to NBC News. That's one way of putting it. Democrats threatened riots if they didn't get their way, like that was something new.

Like the George Floyd protests which were mostly peaceful, except for the $1-$2 billion in damages caused so far, most of the fires out west recently have been wild except for at least four major ones caused by 13 people arrested for arson.

Ann Coulter tweeted that Amy Coney Barrett would be a "disastrous pick" for the Supreme Court because Barrett has stated that her Catholicism would require her to recuse herself on e.g. immigration and death penalty cases. Yes, what are we paying you for? Not to recuse yourself but actually to issue opinions. Plus it would set a terrible precedent for an appointee to add to the prohibition on religious tests such a prohibition of religion itself from the public square, as if religion has no legitimate contribution to make to our public life. 

This must come as quite a shock to the Catholic integralists of the "right" who seek an explicit Catholic hegemony over the Americas, because Amy is not their man, so to speak. It's probably more disappointing to such Catholics than to the millions of US Protestants who still don't have one justice on the court, completely dominated by Catholics and Jews as it is, even though Protestants still constitute the largest, though splintered, Christian group in America.

Ann Coulter also said Trump would lose if he picked Amy Coney Barrett to fill the vacancy of RBG. I say, only if they let her talk in public. The woman's a bot. And a Karenbot to boot. I don't think she's going drinking with Brett Kavanaugh.

The New York Times is playing fast and loose with its own so-called 1619 Project, stealth-editing-out its claims that the "true founding" of America was in 1619, not 1776, after taking sustained in-coming from critics about it.

Senator Lindsey Graham of South Carolina is in re-election trouble according to the polling. The guy flaps his gums about many things and so gets caught flipping and flopping quite a bit, which apparently is wearing thin down there.

Democrats like David Axelrod are basing many of their arguments for and against everything these days on what has the "popular vote" and what doesn't, saying things which don't have the popular vote create a tyranny of the minority.

In a republic like America the popular vote has always been subsidiary in order to prevent the tyranny of the majority. Representation in a republic means that you can have a voice to persuade, not a guarantee that you can get your way and impose. But rather than argue the principle head on, of course, they'd rather assert the claim that the majority wants this, the majority hates that, is what counts, as if all the republican institutions and the republican framework itself have no legitimacy any longer, almost as if they don't even exist. This is the ideological habit of mind in action: Denial of reality.

The reality is Trump won in 2016. His position in the Senate strengthened in 2018 and the impeachment trial failed in 2020, which means the voters have already expressed their assent to the president's prerogative to make judicial appointments and to Republicans' Senate role in approving or disapproving of those appointments.

The filibuster issue, however, is a fraught matter.

Some are saying about the issue of filling the current Supreme Court vacancy that the Court's legitimacy is on the line. Many of us already thought the Court lost its legitimacy in 1973 in Roe v Wade. We thought that again in 2003 in Lawrence v Texas. We thought that again in 2012 in National Federation of Independent Business v. Sebelius. We thought that again in 2013 in United States v Windsor. We thought that again in 2015 in Obergefell v Hodges. We don't think that in 2020 per se, but I mean, look at the thing. It's a mess. Liberals are only upset because for the first time in decades their ability to impose their undemocratic will on the American people is in jeopardy.

Meanwhile it's good to remember in the first place that RBG was appointed to the Supreme Court by a president who received just 43% of the popular vote. Talk about a tyranny of the minority, eh David Assholerod?

Speaking of minorities, RBG had just one black clerk in all those years from 1993-2020. A Jew practicing tokenism? I'm shocked. She was also a eugenicist, like the Nazis: "at the time Roe was decided, there was concern about population growth and particularly growth in populations that we don’t want to have too many of."

Oh really? 

In 2014 RBG told Reuters she wasn't going to retire because she didn't trust Obama to appoint a true liberal like herself to replace her, but she thought rather that he would appoint a compromise candidate. RBG must have reckoned in 2014 that Hillary would win in 2016, allowing her to retire safely knowing HRC would appoint another true liberal. Says a lot about RBG, but also about Obama, who by the end of 2009 had already alienated the far left. Yet by 2016 the far left supported Bernie, not Hillary.

And they say the Republicans are cracking up. The Democrats haven't finished cracking up.

We learned this last week that in April the USPS and HHS were prepared to distribute 650 million face masks to Americans but that never happened because the Trump administration didn't want to cause a panic. Like we hadn't panicked already.

Senator Chuck Grassley used Twitter to identify the numbers on a tagged pidgin he found dead on his farm. Thank you, Chuck.

Video of RBG warning against court-packing emerged, but you probably won't see that.

As recently as July Ann Coulter was hashtagging #DefeatMcConnell in support of his Democrat challenger in Kentucky. In September she was appealing to McConnell to talk up someone other than Amy Coney Barrett to Trump.

Well make up your mind, lady.

In a September Quinnipiac poll McConnell has a comfortable 12 point lead and appears headed to another term in the Senate representing the Bluegrass State. They should change that to Badass State, in honor of Cocaine Mitch.

McConnell did join Republicans in voting 96-3 to confirm RBG in 1993.

Sad!

In Minneapolis a charter amendment to defund the police failed to get on the ballot. Crime is up dramatically in the wake of the riots . . . because police are afraid they'll be prosecuted for doing their jobs. Maybe next year the reality will sink in: George Floyd wasn't "killed by the police". He was killed by an overdose of illegal drugs he took.

In Seattle the Seattle Times is lying about why 126 businesses have closed downtown. The paper says it's due to COVID when it's really due to the rioters. Looted businesses are boarded up everywhere as law and order has broken down and riff raff own the streets. Who would shop there now?

"Fiery but mostly peaceful protests" has been trending but will be replaced soon by "no evidence of meaningful fraud" in the fall elections. Analysis that's a little bit pregnant from the Mother of Idiots, the media.

After ~17 weeks of $600 federal unemployment checks, a Trump executive order has resulted in follow-up checks for $300 for six weeks. Democrats filibustered a Republican relief bill for the unemployed in the Senate which would have made that superfluous. Another opportunity to make Trump appear small, squandered.

The stock market in the 20 years since the August 2000 peak has underperformed the previous 20 years by almost 68%, so No, this is not a bull market.

Joe Biden said 200 million have died from COVID so far, which makes it a good thing hundreds of millions of Americans in 57 states have Obamacare now. In 1991 he said that he'd probably be dead by 2020. Just pointing out that there's still time . . .

Not to be outdone, Kamala Harris on Friday night said 2Pac is the best rapper alive. This is the second time she's pandered on 2Pac, who was shot and killed in 1996.

Glenn Beck wants 1 billion Americans. We want fewer Glenn Becks.

The Chicoms, who have over 1 billion Chinese, are imposing Xi Jinping thought on private businesses and sending warplanes to buzz Taiwan.

We learned Hunter Biden got $3.5 million from a Putin stooge, but it's still "Trump-Russia!" 24/7.

Robert Curry pointed out that John Locke 'had made what philosophers call a “category mistake.” Property is alienable; unalienable rights are not property'. So among the unalienable rights, life, liberty and the pursuit of happiness are not to be thought of as property of which you can be deprived.

We were reminded that in late August Hillary urged Biden not to accept the election result under any circumstances. Well, if Trump wins and stays in the White House, Trump won't be wrong, but Hillary already is.

An article attempting to tout the benefits of the 2017 tax bill for the middle class contained this unfortunate line: "The average tax liability of millionaires was reduced by roughly $54,000 between 2017 and 2018", which way overtops the 2018 median wage of $32,838.05, meaning your average millionaire saved a minimum of $21,000 more than half the country's workers make in a year.

If we're going to have a limitation on SCOTUS power by limiting the terms of Supreme Court justices, it had better include limitations on House and Senate power, too, by limiting their terms of office. This hamstringing of the judiciary is in the service of the present Legislative Tyranny, where representatives and senators keep seats warm forever. It is a devious end run aimed really at the executive, which appoints the judiciary, to further weaken it.

Think about it. In 1929 the Congress grabbed power by stopping growth of the US House and limiting it to its then 435 members. In 1947 the Congress grabbed power by limiting the president to two terms. In 2020 Congress wants to limit the term of SCOTUS justices to 18 years.

The Congress does a lot of limiting, except of itself.

We have $27 trillion in debt for crying out loud! Congress has picked our pockets, our children's pockets, and the pockets to the third and fourth generation of them that hate the government of the United States. Debt is servitude. Debt is slavery. Debt is tyranny. And that debt is the secret of the Legislative Tyranny's success.

A tyranny of 218.

Brutus tried to warn us in 1787:

[I]n reality there will be no part of the people represented, but the rich, even in that branch of the legislature, which is called the democratic. — The well born, and highest orders in life, as they term themselves, will be ignorant of the sentiments of the midling class of citizens, strangers to their ability, wants, and difficulties, and void of sympathy, and fellow feeling. This branch of the legislature will not only be an imperfect representation, but there will be no security in so small a body, against bribery, and corruption — It will consist at first, of sixty-five, and can never exceed one for every thirty thousand inhabitants; a majority of these, that is, thirty-three, are a quorum, and a majority of which, or seventeen, may pass any law — so that twenty-five men, will have the power to give away all the property of the citizens of these states — what security therefore can there be for the people, where their liberties and property are at the disposal of so few men?

It will literally be a government in the hands of the few to oppress and plunder the many. You may conclude with a great degree of certainty, that it, like all others of a similar nature, will be managed by influence and corruption, and that the period is not far distant, when this will be the case, if it should be adopted; for even now there are some among us, whose characters stand high in the public estimation, and who have had a principal agency in framing this constitution, who do not scruple to say, that this is the only practicable mode of governing a people, who think with that degree of freedom which the Americans do — this government will have in their gift a vast number of offices of great honor and emolument. The members of the legislature are not excluded from appointments; and twenty-five of them, as the case may be, being secured, any measure may be carried.

The rulers of this country must be composed of very different materials from those of any other, of which history gives us any account, if the majority of the legislature are not, before many years, entirely at the devotion of the executive — and these states will soon be under the absolute domination of one, or a few, with the fallacious appearance of being governed by men of their own election.

The more I reflect on this subject, the more firmly am I persuaded, that the representation is merely nominal — a mere burlesque; and that no security is provided against corruption and undue influence. No free people on earth, who have elected persons to legislate for them, ever reposed that confidence in so small a number. The British house of commons consists of five hundred and fifty-eight members; the number of inhabitants in Great-Britain, is computed at eight millions — this gives one member for a little more than fourteen thousand, which exceeds double the proportion this country can ever have: and yet we require a larger representation in proportion to our numbers, than Great-Britain, because this country is much more extensive, and differs more in its productions, interests, manners, and habits. The democratic branch of the legislatures of the several states in the union consists, I believe at present, of near two thousand; and this number was not thought too large for the security of liberty by the framers of our state constitutions: some of the states may have erred in this respect, but the difference between two thousand, and sixty-five, is so very great, that it will bear no comparison.

Hey look at that, Trump finally got his 40% unemployment rate in April 2020

Trump's greatest US economy ever suddenly has 25 million people on insured unemployment compensation

Somebody must have been asleep at the switch for something that bad to happen so quickly.

Who was that?

The only thing Trump has accomplished at "warp speed" is ruining the US economy because he ignored a deadly virus until it was too late

Trump, the supposed savior of US manufacturing, has presided over the utter collapse of manufacturing capacity utilization to a level in April 2020 never experienced in the post-war. The president could lawfully and easily order this unused capacity to make masks which would in fact protect everyone, and other PPE for hospital workers and care-givers to protect our front line workers, but he has not. Were he serious about re-opening the country, he would have made this JOB 2 on Feb 1, after JOB 1, which was hard-stopping all passenger air travel, the primary vector for the pandemic. Trump didn't do JOB 1, either.

Industrial production generally has imploded to levels never seen since 1919. The so-called America first president has done nothing in three years to make America strong enough to prevent this from happening. Remember Ann Coulter said long ago already that Trump was a lazy ignoramus. 

Motor vehicle production annualized has tanked 11 million units in just two months to fewer than 72,000 annualized. That's the typical monthly sales figure for a single popular car. 

Oh, I've forgotten unemployment, which also is unprecedented, though understated, at 14.7%. It's actually closer to 20%. North of 33 million not-seasonally-adjusted have made first time claims for unemployment from March 19th inclusive.

Trump's numbers are truly great, as in "you great oaf!"

Yes the government has "bailed out" the workers and the businesses, but with a Rube Goldberg machine which has been completely unfair in its results, picking winners by virtue of their established access to bankers or savvy state systems of unemployment administration. Bank or live somewhere not up to speed? Dats tuff, Anwar. You're a loser anyway.

Meanwhile coronavirus infections are set to soar again because our president is throwing a tantrum to open the country but hasn't made it safe to do so. He's had two months for that but has produced BUPKIS. If you want people to go back to work, they need masks. Where are the masks? Oh well, you were on your last legs anyway.

How anyone can vote to re-elect this level of horrific incompetence and reptilian danger is beyond me.

The S&P 500 closed tonight at 2,488.65

That's down only 23% year to date.

Pretty remarkable, that. I mean, look at these first time claims for unemployment over the last two weeks: 8.7 million not-seasonally-adjusted, 9.9 million seasonally-adjusted.

The market in the past has often risen on bad jobs numbers, but this is ridiculous. It's a total disconnect. These are apocalyptic numbers, yet the market is holding on just 23% down.

There's trillion$ of aid in the pipeline to bail out businesses and individuals, but how long can that last? And to what effect? At some point the laws of supply and demand and inflation will have their say, and it isn't going to be pretty, especially if a 4th bill is passed in the Congress, which now seems likely. Had economics ever been susceptible of replacement by passing bills, we would have done it long ago and enjoyed prosperity without work all this time!

Yeah, right.  

The coronavirus infection is a momentous turning point for America. 

Politically speaking about coronavirus . . .

The virus and the economic problems themselves have basically drowned out the Democrat race for the presidency. Trump is front and center in all of it, dominating the news cycle.

The news is very bad for Trump, but the focus is on him and the problems, not the Democrats.

Neither Biden nor Sanders have much going for them personality wise or policy wise. Their voices sound frail and small in the face of these enormous challenges.

Trump is clearly in his element . . . for now.

But wealth destruction, massive unemployment and death now stalk him politically as much as they do the rest of us in reality. It's not going to help him to insist he knew this was a pandemic all along as he did yesterday when he's on camera denying it was not long ago. Besides, if he already knew, he should have taken drastic action like canceling jet travel on Feb 1. Instead he simply canceled the jet travel of a few Chinese nationals. Had he been knowledgeable, he would have known too that all those travelers by jet from China had asymptomatic spreaders in their midst. That's in part why we have an explosion of cases everywhere. They also came from other hotspots on jets to America. Trump bungled this badly and allowed the pandemic to come here.

Anecdotally people in my orbit are heeding the call to stay home. Commuter trains into Chicago are nearly empty, says a close friend. Road traffic is very light on workdays here in Michigan. Work orders have dried up and employees are on-call, if they haven't been furloughed outright. Work-from-home for the $40k or less crowd is estimated to be possible for just 17% of all individual wage earners in the US. Higher earners have more opportunity for that, but it will probably not last long for some as the economy nose dives. Many will soon be underwater, if they aren't already. This is going to cost an enormous sum and do tremendous damage to the people and the economy.

And to think it was mostly preventable with a little common sense, something neither party seems capable of providing.

This is a catastrophe, a pathetic display of human incompetence.    

Still waitin' for Trump to lockdown the country, eh?

The full time jobs deficit in Feb 2020 in the US is enormous, in the many millions

Bernie Sanders isn't wrong about being worse off than in 1975: Real median earnings of full-time men in 2018 are worse than in 1973 according to the US Census Bureau

VDARE's Ed Rubenstein tries to put lipstick on foreign born pig, but their population and employment both are up 1.7 million under Trump, their labor force is up 1.4 million: There is no "Trump effect" suppressing The Great Replacement

Here.

OK geezer

Whatever happened to 65 and out? ... Can you name a single institution of American life that’s functioning better today than it was before the boomers took over?

Matthew Hennessey must be like 120 years old to know how things were before the boomers took over.

Someone really should tell this guy full retirement age is 66-67, not 65, for people born in 1943 and later. To get what people used to get at 65, THEY MUST WORK LONGER.

There are 10.347 million 65 and older working in 2019 on average. The 65s were born in 1954. There's 4.07 million right there. They hit full retirement age this year, at 66. But after that it starts stretching out: 66 years 2 months if born in 1955, then 66 years 4 months, and so on until 1960 when full retirement age is 67 years old. And there's over 4 million in each of those years, too. So you think it's bad now, just you wait Henry Higgins, just you wait.

Go ask these people if they wish they could retire already. A majority of them would rather be among the 42 million their age who are no longer in the labor force. And that will become more true with every passing year. Believe me.

Meanwhile 48 million GenXers are employed. They are not being stifled by 10 million who refuse to retire.

Story.

Missing full-time jobs in January 2020: 6.3 million

Previous peak for average full-time as a percentage of population: 2006

Percentage @ peak: 52.3%

Percentage in Jan 2020: 49.85%

Full-time in Jan 2020: 129.379 million

Full-time in Jan 2020 @ 52.3% of 259.502 million: 135.719 million

Missing full-time: 6.34 million

I don't mind if you steal my Trump/Limbaugh BFI Unemployment Rate chart, just don't call it the Big Fat Idiot Unemployment Rate, PLEASE

Just think of all those girls 40 years ago: They were at home, eating but not working, and they just threw it all away (what WERE they thinking? and what on earth are they thinking NOW?)

Introducing the Trump/Limbaugh Big Fat Idiot Unemployment Rate, and the good news is in January 2020 we're back on track to more people not working but still eating, just like under the Carter Administration 40 years ago

Bernie was right in 2015 and it's even worse now: Real wages of men are lower than they were 45 years ago, a fiasco

Wolf Richter:

The median earnings of men working full time year-round in 2018 ticked up to $55,291. Adjusted for inflation, this was below the amount they earned in 1973, according to the annual data trove released by the Census Bureau today. In other words, there has been a “real” income decline for men over the past four-plus decades! ... [M]en’s real earnings are a fiasco.

LOL: Donald Trump's crackpot 35% unemployment in February 2016 is 37% today

Jeffrey Snider:

In February of 2016, then-candidate Trump deployed his typical grandiose, exaggerated style after his win in the New Hampshire primary.

“Don't believe those phony numbers when you hear 4.9 and 5 percent unemployment. The number's probably 28, 29, as high as 35. In fact, I even heard recently 42 percent.

[T]he once fake unemployment rate has become his primary campaign symbol.

Big Fat Idiot Rush Limbaugh 2/5/2016:

We have an audio sound bite here from Obama ... He was heralding first-time unemployment rate as being under 5% for the first time in seven years ... Well, there’s a reason he said it. It’s because it’s the only way you can ignore the 94 million Americans not working, not in the labor force ... This is an abject joke. It’s a total joke.