Saturday, July 28, 2012


Many people who rely on network or cable news think the big economic issue is the 8.2% unemployment rate.  Nothing could be further from the truth.  Many months, the rate is misstated anyway, and later corrected.  That rate does not include college graduates,. 1099 workers, the underemployed, the self-employed, or those who have given up.   Here are some facts for you:

If you add the college students and those who have given up, the rate is double that, about 1 in 6.   If you count the self employed and 1099 workers such as architects. contractors, musicians, insurance agents, Realtors, many sales people, etc., that goes up to about 25%.

Then consider jobs that used to pay $12 per hour that now pay $8. People who used to work 35-40 hours now work 20-24 hours.  How about those who used to get health care who now have to pay it out of their own pockets or do without? Many small businesses have lost 25% to 75% of their business and are hurting badly.  Many businesses have closed.  22,000 architects have left the profession in the last two years.  People are taking contracts with no profit and in some cases working "under the table." In Bucks County, you can buy luxury homes for 50-60 cents to the dollar. 75% of Architects are underemployed.  In the Home Depot in Mickleton, NJ, an area where they are still building homes, the Commercial Sales dept. at Home Depot said 8 out of 10 contractors are hurting.  55% of African American men are underemployed. IT IS ALMOST THE SAME WITH RECENT COLLEGE GRADUATES.  It is not a matter of three or four percentage points in the unemployment rate, trust me!

It is WORSE than the Great Depression.  Yet Canada is doing far BETTER than we are.  It is FAILED LEADERSHIP here, not Europe that is to blame! If people knew the truth, Obama would lose 75-25 (25% would vote for Mickey Mouse), As it is, even Fox does not tell the whole story.  Those of us on the front lines know the real skinny. 

P.S. And tell your liberal friends that after Route 73 in NJ was vastly improved, a whole shopping center went out of business.  Failing businesses dot the roads of our communities.  Including gas stations owned by "the greedy oil companies".  60 to 80 hour weeks and taking huge risks cannot always overcome the force of nasty economic policies.  Other than licensing, I cannot think of even ONE way government has helped our business - it simply gets in the way and obstructs good ideas with inane policies that are thought up by those with no knowledge of the real world.  And that extends to the White House.


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