Stop Calling it an Economic Recovery!Submitted by Smaulgld.com on Sat, 06/21/2014 - 10:27
Is There a Jobs Recovery?
16:40-18:18 According to the U.S. Bureau of Labor Statistics the economy added 217,000 nonfarm payroll jobs during May. Doctor Paul Craig Roberts disputes these statistics as being overstated by the entire amount and being derived using faulty data collection methodology.
Assume, however, the non farm payroll numbers are correctly calculated and the jobs are full time well paying ones, - they are still not enough for a real recovery according to Rep. Kevin Brady (R-TX), chairman of the congressional Joint Economic Committee who claims 371,000 new jobs are needed.
Using the Word "Recovery" is an Insult to the Unemployed and Struggling Workers
18:18-20:45 discussion of the insistence of the narrative that there is a economic and labor market recovery when in reality there is just a recovery in stock prices.