‘Real News From The Blaze’: Stagnation Nation
- Posted on May 4, 2012 at 7:43pm by
Christopher Santarelli
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The jobs numbers came out Friday and as has been the case in recent weeks – the gains were disappointing.
The U.S. unemployment rate has fallen to 8.1 percent,down from 8.3 percent, according to official figures from the U.S. Labor Department. However, American employers reported to have added fewer workers than forecasted in April and the jobless rate unexpectedly declined as people left the labor force. With this, The Blaze’s Becket Adams notes that the decrease in unemployment can only be attributed to the fact that people have left the labor force:
Bottom line: the economy created only 115,000 jobs in April, 522,000 people left the labor force, the “official” unemployment rate is 8.1 percent, and total employment for the month actually fell 169,000, according to CNBC.
Rather than focusing on yet another week of anemic numbers, the “Real News” panel opened Friday examining the big picture.
Earlier in the week, James Pethookoukis of the New York Post notes that “even if you believe the garbage-in-garbage-out economic models that say Obama’s trillion-dollar stimulus averted a 1930s repeat, it’s sadly apparent we’ve stumbled from the Great Recession into the Great Stagnation.”
Stagnation has been thrown around a lot by commentators this week. On “Real News” Friday Will Cain aimed to put the label into context, assessing that when judging the economy we often talk about growth and contraction, put forth as we are either going forward or going backward. Cain described stagnation as when we are either barely moving forward or standing still. From 2007 to 2012, Cain notes that for the most part the U.S. economy grew each year by only two percent or less.
From 1970 to 2010 we grew at an annualized pace of over three percent a year.
Cain explains that after examining the economic growth of both countries, we may be on course for the Japanese “lost decade” of the 1990s.
Matt McCall said we may very well be on the same path.
“The path that Japan took did not lead to growth,” said McCall of the Keynesian economic measures applied by the Japanese government after the bubble burst. “What scares me is the path that we’re going down now, with the FED and the U.S. government, we’re going down a similar path in that we do not see growth.
“We‘re putting a band aid on the situation where it’s not getting any worse, we’re going to have probably slow growth; stagnate growth, but I do not see where the ultimate growth will come from.”
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big45kimber
Posted on May 7, 2012 at 2:23pmFor every job I apply for, there have been between 200 to as high as 1200 people also applying for the SAME JOB!
Report Post »If our economy is in such a recovery, then WHY are there MORE people applying for the same jobs I am, NOW, than what there were in November of 2011?
DON’T BELIEVE WHAT THE GOVERNMENTS (State and Federal) ARE TRYING TO TELL YOU, ALONG WITH THE COMPLICIT LAME-STREAM MEDIA CIRCUS!!! It’s all part of their plan to DUPE the American people into becoming SHEEPLE!!!
big45kimber
Posted on May 7, 2012 at 2:20pmLet me give everybody some FACTS about the LIES we are told, DAILY by our Federal and State Governments, when they make the claims that the unemployment rates are falling!
Report Post »Of course, the LAME-STREAM MEDIA circus is complicit in this DECEPTION, as they always are!
I have been unemployed since November 4th, when I was fired from a company for no just cause (as determined by a court hearing!), and since that time, I have had to jump through so many HOOPS that I felt like a circus dog! I did receive my unemployment benefits, in the form of a whopping $428/wk, and ineligible for any of the State’s other benefits, because I didn’t fit into any of the categories that the State is giving benefits to, such as having a bunch of illegitimate children under the age of 18, I’m a U.S. citizen, and not an ILLEGAL immigrant, so I can‘t receive any of the State’s benefits because this is who the State is now supporting!
So, my unemployment ran out in the middle of April, and since the State had manipulated the unemployment numbers to show a ‘low’ unemployment rate, that made me ineligible for continued benefits! Coincidentally, both the State and Federal Government reported that the unemployment rate had once again dropped! Funny, I and about 30 other people I know are still unemployed! We’re just not being carried on the roles!
DON‘T BELIEVE THE ’GOOD’ NEWS THESE PEOPLE KEEP TRYING TO PUSH!!!
15-25 applications EVERY WEEK, and still no job!
Hickory
Posted on May 5, 2012 at 9:06amYour wonderful president is now conniving to get rid of even more jobs: http://www.huffingtonpost.com/2012/05/03/obama-trade-congress-buy-american_n_1475277.html?ncid=edlinkusaolp00000009
Report Post »trueamerican40
Posted on May 5, 2012 at 2:10amThe Federal Reserve Bank has alot of power…don’t they? They should become our 4th. branch of guberment. Google this evil power and find out for yourself.
Report Post »Hollywood
Posted on May 6, 2012 at 5:23pmJust a little PRIVATE Bank, that also holds 20 million ounces of the American Publics GOLD, for safekeeping of course! Funny, I though that was what Fort Knox was for. Then again, I understand the Gold this facility was holding, has gone bye, bye!
Report Post »trueamerican40
Posted on May 5, 2012 at 12:35amFolks. I blame the Federal Reserve Bank for the collapse of our country. Shameful and soulless POS.
Report Post »Chromo200
Posted on May 4, 2012 at 11:51pmI heard some official number that 88 million people are not in the workforce. If the USA has 250 million adults that could work, this put the unemployment at 35%. I figure half of those maybe retired, sick, challenged, and OWStreeters and still the unemployment will be at 17% not 8.1 percent. What really bugs me is that the MSN does not want to report the truth. MSN can‘t or won’t believe why they are not trusted.
Report Post »psadie
Posted on May 4, 2012 at 9:59pmNo surprise here! Things will continue to be this way until the election. Companies are worried about what they don’t see coming, so no hiring. Obama has no intention of throwing off the chains of the EPA and letting our energy sources soar along with the jobs while this nation is held back. My worry is if Obama is re-elected, he will do an end run around Congress and push his radical agenda further. Isn’t that what he asked the Russians to do, WAIT. What can Congress do then? How can they stop this dangerous un-American President? WHAT THE HELL ARE WE GOING TO DO???
Report Post »marcus_arealius
Posted on May 4, 2012 at 9:15pmThe lying POS GDMFSOB speaks! Again!
Report Post »timelesstruths
Posted on May 4, 2012 at 8:59pmCorruption and fraud the one world trade cente, the new world order, free trade is great,ah
Report Post »soybomb315
Posted on May 4, 2012 at 8:57pmfirst comes stagnation, then comes stagflation
Report Post »Individualism
Posted on May 4, 2012 at 8:16pmFree Market or death of America coming.
Report Post »chips1
Posted on May 4, 2012 at 9:13pmDitch the muslim and his minions and the U.S. will show the world what we can do!!!!
Report Post »Individualism
Posted on May 4, 2012 at 9:41pmYeah President Paul!
Report Post »trueamerican40
Posted on May 5, 2012 at 12:36amNo thanks!
Report Post »blackyb
Posted on May 4, 2012 at 8:02pmIt could be working for their agenda, but they have not factored in God’s power to heal this nation, so pray mightily. We are going to win, but we want to give them back some of the discomfort they are renderin upon this nation. The way to fight them is pray and let God do His works.
Report Post »lukerw
Posted on May 4, 2012 at 7:50pmThe Socialist Plan… is “working”!
Report Post »soybomb315
Posted on May 4, 2012 at 8:08pmtime for an anti-socialist president….ron paul
Report Post »blackyb
Posted on May 4, 2012 at 9:58pmWhat has Ron Paul got that facinates you so, soybom? Tell Mr. Blackyb all about your Ron Paul thing so I can understand.
Report Post »soybomb315
Posted on May 4, 2012 at 10:33pmron paul hates washington. thats all i need to know
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