Reeling from California’s lack of jobs
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California’s unemployment rate fell to 8.5% in April 2013. This is down from 10.3% one year ago. Over 12 months, the labor force participation rate increased slightly to 62.6%.
While the participation rate remains low, any positive movement indicates prospective employees are re-entering the labor force or entering it for the first time as they perceive jobs becoming available. As Californians become more confident a job is attainable (or retainable), the housing industry will experience increased buyer-occupant participation. The rest of this content is only available to first tuesday Members. If you are a current first tuesday Member, please login above. To sign up, visit firsttuesday.us! is the writing staff comprised of legal editor Fred Crane, In-House Broker Consultant Fernando Nunez and writer-editors Connor P. Wallmark, Giang Hoang-Burdette, Jeffery Marino, Carrie B. Reyes, Sarah Cantino, Matthew Taylor, Matthew Shade and Nicole Jessen.
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It is too bad that California cannot declare bankruptcy and just start over, because that appears to be the only way of the hole dug over so many years by vested interests.
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As we all know by now, those persons who have ceased looking for employment are NOT counted in the statistics, and those persons are great in number.
That means the TRUE unemployment figures are MUCH higher than the mere 11% the government loves to quote. Some sources place it between 16 and 20%, possibly more.
Add to that the massive numbers of non-documented aliens in California who work in the shadow economy—or now, who DON’T work in that shadow economy, because they cannot find much work—and you get figures rivaling the Great Depression of the 1930′s.
The banking elite planned it all, caused it all, and sought to crush the common man into financial subservience. The whole system they have in place is based on fractional reserve banking—the biggest ponzi scheme in the history of the world—where money is created out of thin air.
The contrived “housing collapse” played a significant role in achieving their ends.
Do their methods serve the common citizen? They DO NOT! They serve to enrich the banking elite and its inner circle while impoverishing the people of America.
But, due to the growing LIBOR scandal, hundreds of lawsuits are being brought against the Banking Cartel by local, state, and federal authorities. These vile parasites whose only interest is in enriching themselves, will be brought to justice finally, but not after having almost collapsed the entire economy of the Western world.
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37 Economic Facts of Obama’s 1st term
1. Americans on food stamps increased by an average of about 11,000 per day.
2. 32 million Americans were on food stamps. Today, 47 million Americans!
3. That’s more than=Alaska+Arkansas+Connecticut+Delaware+District of Columbia+Hawaii+Idaho+Iowa+Kansas+Maine+Mississippi+Montana, Nebraska+Nevada+New Hampshire+New Mexico+North Dakota+Oklahoma+Oregon+Rhode Island+South Dakota+Utah+Vermont+WVirginia+Wyoming
4. FED BENEFITS has grown from 94 million (2000) to 128 MILLION today.
5. 146 MILLON AMERICANS ARE either “poor” or “low income” at this point.
6. 7.8% IS WHAT UNEMPLOYMENT IS TODAY & ON January 2009! NO CHANGE!
7. 61% HAD A JOB IN USA & TODAY ONLY 58% HAVE A JOB UNDER OBAMA!
8. Under Obama, Labor force drop outs amounted to 8,332,000.
9. Obama=Americans collecting disability insurance rose by more than 18 percent.
10. #/startup jobs per 1000=Bush Sr11.3 Clinton11.2 BushJr10.8 & Obama=7.8
11. Median Income has dropped $1000/year while Obama is in Office=$4000+ Total!
12. 53% College Grads under 25 are either unemployed or underemployed in 2011.
13. 58% of the jobs after the recession have been low paying jobs.
14. The Working poor was 28% & has now increased to 32%
15. 24.6% of all American Jobs are good paying jobs…
16. The middle class is taking home a smaller % than has ever been recorded before.
17. USA is losing half a million jobs to China every single year.
18. We have fallen in the global economic competitiveness rankings 4 years in a row! 19. USA was 32% of Global business, now we are at 21%!
20. Obama decreased drilling permits 36%!! Bill Clinton=+58% & Bush2=+116%
21. Obama increased gasoline almost 100% in 4 years!
22. Obama eliminated more than 300,000 education jobs.
23. Homeless students broke 1 million under Obama! Up 57% since 2008
24. Households under 30 now have a poverty rate of 37 percent.
25. 3x more homes sold in 2005 as were sold in 2012.
26. Electricity bills ROSE faster than the overall rate of inflation for five years in a row.
27. Health insurance costs ROSE 30%+ since Barack Obama became president.
28. 77% of all Americans live paycheck to paycheck at least part of the time.
29. Obama-care will add 16 million more Americans to the Medicaid rolls.
30. The total amount of money that the federal government gives directly to the American people has grown by 32 percent since Barack Obama became president.
31. Obama spent $600,000 on why monkeys throw poop!
32. Obama’s cost 20x as much as British taxpayers spend on the royal family.
33. Obama’s budget deficit=trillion dollars+ every single year
34. Us Debt ratio was under 70%, today, it is up to 103 percent.
35. Obam’s Fed debt spending beat all other 42 presidents COMBINED!
36. Obam’s Debt spending is about $54,000 per person in his 1st term!
37. To pay your share of Obama Debt@ $dollar/second would take 184,000 years+.
What do you expect in the 2nd term?
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To John Jason Chun…When are people going to get over Obama and stop disrespecting the president of the United States. I’m fed up with all the nasty articles that come around the web over and over. I was taught “if you can’t say something nice about someone, then don’t say anything.” I’m sick of the complaining about Obama and Nancy Pelosi as if they were the only two people existing in the government. People seem to be getting meaner and nastier than ever before…Someone voted this man into office, so get over it!!!!! Pick yourself up and get on with what you have to do. If you don’t respect the man, respect the office. What in the world do other countries think about the way we talk about the president? The economy was going downhill before Obama became president…blaming him is like trying to stop a freight train by jumping in front of it…This forum is supposed to be helpful to those who post on it…I find Mr. Chun’s article offensive.
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I sent Obama 236 hardback business books in his 1st year.
No thanks whatsoever! P0S!
2 weeks before voting 4Nov2012 he sends a thanks!
I spit on it and trash it!
I read 5 hardback books on Obama!
He deserves to be in Prison for ****ing up USA’s economy and people!
Just like most “nasty felons”…… Hint hint hint… FBI statistics!!!
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