MUCH IS MADE OF THE US "JOBS NUMBER"
THE BIZARRO NOTION THAT JOBS ARE "STRONG" IS STILL AFOOT IN MANY ECONOMIC CIRCLES...
BUT IF JOBS ARE SO STRONG WHY DO THOUSANDS LINE UP FOR A CHANCE AT A COUPLE OF HUNDRED MINIMUM WAGE/NO BENEFIT JOBS AT A NEW WALMART?
WHY IS THE LABOR FORCE PARTICIPATION RATE SO LOW?
WHY ARE AMERICANS LIVING OFF SAVINGS FOR THE FIRST TIME SINCE THE GREAT DEPRESSION?
THE REAL TRUTH IS THAT THE ECONOMY IS STAGNATING AND JOBS HAVE BEEN STAGNANT FOR A LONG TIME... THE ONLY REAL SPENDING IS BEING DONE BY THE HEDGE FUNDS, CORPORATIONS, AND THE BI-COASTAL FINANICAL SECTOR ELITES... FLY OVER COUNTRY IS NOT SPENDING!
THE BOTTOM HALF OF THE INCOME DISTRIBUTION IN THE US IS BASICALLY OUT OF THE CASH/CONSUMER ECONOMY AND HAS BEEN FOR A WHILE...AND THE NEXT HIGHER 25% IS STRUGGLING PAYCHECK TO PAYCHECK WITH HIGH DEBT THAT THEY CAN'T DISCHARGE IN BANKRUPTCY BECAUSE OF THE NEW PRO-CREDTOR BANKRUPTCY LAWS
