America under Obama has become a vast wasteland of lousy part-time jobs with low pay and no benefits. If we had a Republican President, don’t you think the media might be mentioning this? Is it possible the “good news” in Friday’s jobs report is actually terrible news? It isn’t actually 236,000 Americans returning to work. It’s simply about 100,000 desperate American workers each taking three part-time jobs, plus dipping into their 401K, plus maxing out their credit cards, to survive for another month.
Or didn’t you hear earlier in the week that Americans are dipping into their retirement accounts in record numbers?
This story has been totally ignored for four long years under Obama. The only jobs being created in this terrible Obamageddon economy are crappy jobs with poor pay.
According to a report released in February by the National Employment Law Project, higher-wage industries are accounting for 40 percent of the job losses in America, but only 14 percent of the job growth. Lower-wage industries are accounting for 49 percent of the job growth.
Back in 1980, less than 30 percent of all jobs in the United States were low-income jobs. Today, more than 40 percent of all jobs in the United States are low-income jobs.
Lastly, why does the media trumpet the drop in February’s unemployment (based on part-time jobs), but ignore the fact that under Obama the overall employment picture looks similar to a Great Depression? The real figure we should all be discussing is an all-time record 89,304,000 able-bodied, working age Americans no longer in the labor force.
Incidentally based on that figure America actually lost 296,000 jobs since January.
Friday’s report is actually horrible news, if only the Obama Kool-Aid drinking media would report the truth.
Wayne Allyn Root is known as "the Capitalist Evangelist." Wayne’s latest book is "The Power of RELENTLESS.” Wayne is a former Libertarian Vice Presidential nominee, bestselling author, international business speaker, serial entrepreneur and conservative media personality – appearing on over 5,000 interviews in the past five years. Wayne’s web site: ROOTforAmerica.com.