Saturday, January 11, 2020
Millions of older workers aged 55-64 have also been driven out of the labor force in the last 20 years by greedy corporations hungry for cheap, foreign labor, aided and abetted by Bush, Obama and now Trump
Average number aged 55-64 "not in labor force"
1999: 9.382 million
2019: 14.638 million
-------------------------
+5.256 million in the last 20 years
There's plenty of labor available, Mr. Trump.
We don't need your cheap foreign scab labor.
Trump insists to Laura Ingraham that we don't have enough workers even though over 3 million more prime age workers aged 25-54 aren't even in the labor force 20 years on from 1999
Average number "Not in labor force" aged 25-54
1999: 18.785 million
2019: 22.102 million
--------------------------
+3.317 million after 20 years, despite recent declines
The last 20 years have been a disaster for American workers with Bush and Obama outsourcing good middle class jobs to cheaper labor markets around the world, especially China.
Trump was supposed to fix this, and now he's parroting the arguments of the people he ran against.
It's pitiful and awful.
Watch Ingraham grill Trump here. Unfortunately Laura's command of the data is merely derivative and shallow, which leaves her simply to argue against Trump that he didn't campaign on bringing in foreign labor, which is an excellent political point by itself, but she didn't own the president on this one the way she could have with the facts. She's smart enough to understand that lack of wage pressure refutes the idea of a labor shortage, but didn't dig deeper to find the surplus labor.
Friday, January 10, 2020
Rush Limbaugh's biggest lie yet: When Trump came down the elevator and gave that speech, I was all in
Just now.
Rush Limbaugh was Ted Cruz' best friend on radio in 2015 and 2016, just like Levin and Hannity.
These shape-shifting grifters flipped on the dime. They know a cash cow when they see it.
Rush Limbaugh, June 16, 2015:
And the Drive-By Media, by the way, they’re already scoffing, they’re already discounting it, already calling it a circus act and this kind of thing. And it was.... You know me, I’m not endorsing, haven’t endorsed. I’m nowhere near any of that. I’m not even jazzed yet, folks. I have to tell you that this is all so premature, and it’s all so early, that whatever polling numbers there are just do not interest me because where we are right now is nowhere near where we’re gonna end up. ... I just ask people to remember that when Trump gets going here today, because what if Trump goes third-party?
Rush Limbaugh, June 16, 2015:
And the Drive-By Media, by the way, they’re already scoffing, they’re already discounting it, already calling it a circus act and this kind of thing. And it was.... You know me, I’m not endorsing, haven’t endorsed. I’m nowhere near any of that. I’m not even jazzed yet, folks. I have to tell you that this is all so premature, and it’s all so early, that whatever polling numbers there are just do not interest me because where we are right now is nowhere near where we’re gonna end up. ... I just ask people to remember that when Trump gets going here today, because what if Trump goes third-party?
Ah, Pelosi delayed sending the impeachment to the Senate to rig Iowa for Joe Biden
Senators Pocahonky and Bernie Stalin gonna be conspicuously absent from either Iowa or Senate because Speaker of the House spun her evil web.
Under Trump the big jobs growth has been for 55s and over
Importing cheap labor immigrants only hurts young Americans who need work experience. Older Americans are actually working longer to support their kids who can't get adequate employment.
This is insane.
Employment levels since Trump election in November 2016 through December 2019, seasonally adjusted:
55+: +8.9%
25-54: +3.4%
20-24: +0.4%
18-19: -0.2%
Actual increases in levels:
55+: +3,086,000
25-54: +3,335,000
20-24: +55,000
18-19: -7,000
Fake jobs boom: Core working age employment in 2019 finally and just barely overcame the average level from 2007
Up just 0.53% after 12 years.
Fake jobs boom: After 8 slow years of full time jobs recovery we're STILL not back to where Reagan got us in 4 years
Full time jobs are the sine qua non for family formation, births, homeownership, car sales, durable goods orders, retail, tax revenue and good schools.
You wanna know why all that sucks? Joe Biden's THREE LETTER WORD, J.O.B.S., right here:
You wanna know why all that sucks? Joe Biden's THREE LETTER WORD, J.O.B.S., right here:
Thursday, January 9, 2020
Housing update: Case Shiller National Home Price Index hit 212 in October 2019, 51% above 140
The Case Shiller National Home Price Index hit 212 in October 2019, 51% above 140. The full data at the new iteration of the index since February 2018 is behind a registration wall.
The 140 level was the level around which the index tracked for most of the post-war until the year 2000, in a range between 120 and 160.
Since then it's been as high as 235 in 2005 and 2006 during the housing bubble, and as low as 151 in February 2012 after the bubble sort-of popped. A real correction might have taken prices to 120 or even below.
Clearly the index never returned to the post-war experience, which was mostly slightly below 140. Keeping housing prices high became a Federal Reserve objective and bragging point after the Great Financial Crisis of 2008, achieved by manipulating interest rates lower.
The median sales price of an existing home in the US is currently $271,300 through November 2019, a price which is traditionally considered affordable to any individual making $104,346 per year and up.
Seeing that's just 8.5% of individual wage earners in 2018, the median sales price of an existing home is currently UNAFFORDABLE to 91.5% of wage earners.
Most people have to put together two incomes to afford such a house. But in a country where the median wage is south of $33,000 per year in 2018, two incomes only gets you to $66,000, which affordably buys you a house worth about $171,600 or so, $100,000 less than the current median sales price.
In my immediate vicinity, there's exactly two such single family homes on the market right now which are affordable to a couple making $66,000. Everything else costs much, much more.
This is a picture of declining equal opportunity.
Ann Coulter endorses the dumb libertarian hide-your-head-in-the-sand take on Iran
Oh look! A deer!
They're Muslims. Kill 'em all. Let God sort 'em out. Like you said in 2001.
What a shock: Former Obama voter says we should have voted for Hillary
Trump didn't destroy the Republican Party. He's shattered the right wing into 449,181 pieces.
Wednesday, January 8, 2020
Unaccepted for tribal membership because failed the rain dance requirement
Hula not allowed without a hoop.
Democrats will sing it to the tune of "America" from West Side Story
We say Death to America!
O.K. for Meth in America!
No babies' Breath in America!
No more Macbeth in America!
Drudge Report is just phoning it in anymore, gonna need to learn to code
08:06 Eastern Time. Time to wake up.
Tuesday, January 7, 2020
Missing you, Ann: We should invade their countries, kill their leaders and convert them to Christianity
This is war
|
Posted: Sep 14, 2001 12:00 AM
The nation has been invaded by a fanatical, murderous cult. And we
welcome them. We are so good and so pure we would never engage in
discriminatory racial or "religious" profiling. People who want our country destroyed live here, work for our airlines,
and are submitted to the exact same airport shakedown as a lumberman
from Idaho. This would be like having the Wehrmacht immigrate to America
and work for our airlines during World War II. Except the Wehrmacht was
not so bloodthirsty. ... We weren't punctilious about locating and punishing only Hitler and his
top officers. We carpet-bombed German cities; we killed civilians.
That's war. And this is war.
Monday, January 6, 2020
Subscribe to:
Posts (Atom)