Obama white house lies exceed orwellian levels, Monthly jobs reports, Labor force participation blamed on older workers retiring, Blame falls on Obama and lack of jobs for younger Americans

OrwellQuote05Truth

Obama white house lies exceed orwellian levels, Monthly jobs reports, Labor force participation blamed on older workers retiring, Blame falls on Obama and lack of jobs for younger Americans

 

The lies emanating from the Obama White House are on a scale unimaginable by George Orwell when he wrote “1984.”

Yesterday, April 7, 2015 we exposed the lies from the Obama White House  Council of Economic Advisers about the labor force participation rate and the impact of the aging population.

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From WhiteHouse.gov February 6, 2015.
“The Employment Situation in January”

“Posted by Jason Furman”

“2. The labor force participation rate rose to 62.9 percent in January, and has been relatively stable, on balance, since October 2013—during which time the unemployment rate has fallen by 1.5 percentage point.The recent stabilization in the participation rate suggests that all of the decline in the unemployment rate over the past fifteen months has been due to employment gains. Over the recovery as a whole, the participation rate has fallen, in large part because of two simultaneous events that hit in 2008: the worst economic crisis since the Great Depression, and the beginning of a retirement boom as the first Baby Boomers became eligible for Social Security. Last summer, the Council of Economic Advisers released a report elaborating on these and other factors driving the decline in the participation rate. Updating the analysis to account for today’s data, CEA estimates that of the 3.0 percentage-point decline in the participation rate from 2007:Q4 to January 2015, 1.8 percentage point is due to the natural aging of the population and 0.5 percentage point is due to standard business-cycle effects. The remaining 0.8 percentage point is a “residual” that could reflect either less-well-understood pre-existing trends or lingering after-effects from the unusual severity of the Great Recession. (Components do not sum to total due to rounding.) Although the effect of an aging population is likely to exert downward pressure on the participation rate for years to come, the President has proposed a number of policy steps that can help support labor force participation and the economy’s long-run potential output. An updated discussion of the labor force participation rate and policy implications will appear in the forthcoming Economic Report of the President.”

ParticipationRateWH
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From the Citizen News article above:

“The decline accelerated with the 2008 recession and the rate fell to a 36-year low of 62.8% at the end of 2013 and, he says, “has hovered around that level since.” The rate was at 62.9% in January 2015.
There’s been a sharp decline in labor force participation among younger workers (aged 16 to 24) and prime-age working adults (aged 25 to 54), according to the most recent Bureau of Labor Statistics figures, while older workers have been holding on to their jobs. “Coincidentally, a larger share of baby boomers, an exceptionally large cohort, continues to participate at historically high levels,” O’Keefe says. “Fewer Americans have or are seeking jobs and that has long-term implications for the U.S. economy and economic policy.”
In the fourth quarter, the labor force participation rate of younger workers was just 55.5% after holding steady at about 66% from 1998 to 2000,”
As you can see, it is not the retiring of older workers, as the White House would have you believe, but younger workers.

From Zero Hedge April 3, 2015.

“No Country For Young Workers: Only Americans 55 And Older Found Jobs In March”

“And the real kicker: since the start of the Second Great Depression, only the 55 and older age group has seen job increases. Those 55 and younger are still 1.2 million jobs below the level they were are on December 2007.”

55OlderA

“And just in case there is any confusion, here is just the number of workers aged 55 and older. At 33.1 million they just hit a new all time high.”

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Here are some passages from George Orwell’s “1984.”

They should remind you of the Obama propaganda.

“‘Comrades!’ cried an eager youthful voice. ‘Attention, comrades! We have glorious news for you. We have won the battle for production! Returns now completed of the output of all classes of consumption goods show that the standard of living has risen by no less than 20 per cent over the past year.”
“The phrase ‘our new, happy life’ recurred several times. It had been a favourite of late with the Ministry of Plenty. Parsons, his attention caught by the trumpet call, sat listening with a sort of gaping solemnity, a sort of edified boredom. He could not follow the figures, but he was aware that they were in some way a cause for satisfaction. He had lugged out a huge and filthy pipe which was already half full of charred tobacco. With the tobacco ration at 100 grammes a week it was seldom possible to fill a pipe to the top. Winston was smoking a Victory Cigarette which he held carefully horizontal. The new ration did not start till tomorrow and he had only four cigarettes left. For the moment he had shut his ears to the remoter noises and was listening to the stuff that streamed out of the telescreen. It appeared that there had even been demonstrations to thank Big Brother for raising the chocolate ration to twenty grammes a week. And only yesterday, he reflected, it had been announced that the ration was to be reduced to twenty grammes a week. Was it possible that they could swallow that, after only twenty-four hours? Yes, they swallowed it. Parsons swallowed it easily, with the stupidity of an animal. The eyeless creature at the other table swallowed it fanatically, passionately, with a furious desire to track down, denounce, and vaporize anyone who should suggest that last week the ration had been thirty grammes. Syme, too-in some more complex way, involving doublethink, Syme swallowed it. Was he, then, alone in the possession of a memory?
The fabulous statistics continued to pour out of the telescreen. As compared with last year there was more food, more clothes, more houses, more furniture, more cooking-pots, more fuel, more ships, more helicopters, more books, more babies — more of everything except disease, crime, and insanity.”
“How could you tell how much of it was lies? It might be true that the average human being was better off now than he had been before the Revolution. The only evidence to the contrary was the mute protest in your own bones, the instinctive feeling that the conditions you lived in were intolerable and that at some other time they must have been different.”

 






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