US Action News

Current participation at its lowest level in almost 35 years.

“That’s a kind of ugly secret of the American labor market,” [] “Part of the reason our unemployment rates have been low, until recently, is that a lot of people who would have trouble finding jobs are on a different program.”

Unemployment claims jump again showing a continuation of Obama’s failed jobs policies and record spending. Wall Street and banks thrive on Federal Reserve action of creating more money out of thin air. The Fed’s policies have wiped out income from retirement accounts and savings. Gas and grocery prices continue to rise despite the government insistence that there is no inflation. Lower incomes, more in poverty, more inequality, more government dependence all show Obama’s policies are destroying the middle class. Can we afford four more years of national suicide?

Why can’t people just open their eyes and look at the evidence of economic collapse that is all around us? Yes, there are wealthy enclaves all over the country where things may seem better than ever, but that is not the reality for most Americans.

In 1994 the government changed the way it counted unemployment. If it still counted long term unemployed it would be 22.9%. The real concern is also that the trend is getting WORSE not better. Tom Sullivan interviews ShadowStats.com Creator John Williams.

[T]here is a hidden economic depression running along the underbelly of the country. … The government may say this is not the 1930’s where bread lines formed outside the corner soup kitchen, however, for many American’s the only difference is that they are found at the mailbox and online instead. – Streettalklive

Too many Americans love their entitlements and have a difficult time giving them up (see Fink and Clayton), or even accepting the slightest reforms.

Rising first time unemployment claims, fewer new jobs and record numbers of underemployed after trillions of dollars wasted on Obama’s Utopian dreams bodes ill for Obama’s 2012 campaign. Expect the campaign and the puppet press to steer clear of facts about Obama’s record and continue the divisive politics and personal attacks.

Is there anyone who thinks disability fraud is less than 10%? If not, then the unemployment rate would be at least 9.9% assuming those in fraudulent claims started looking for work.

We’ve been reporting the truth for weeks. Fox News anchors Lou Dobbs and Megyn Kelly seem genuinely shocked that the administration would hide the facts on unemployment in a holiday weekend Friday night document dump.