Obama hoots about all the jobs added during his reign of error, but fails to mention that 94% of all jobs added since 2004 were either temporary or independent contractor jobs. Low wage, part-time, no benefits, Obama jobs don’t pay the bills. That’s why a record number of Americans have to work multiple jobs to survive.
The narrative about an improving economy, thriving jobs market, and glorious future is bullshit. I know it. You know it. And your establishment puppeteers know it. But only “fake news” sites would dare reveal these inconvenient truths. The willfully ignorant public doesn’t want to know the truth, because that would require critical thinking and making tough choices.
If the unemployment rate is really 4.6% and GDP is really growing, why are retail sales in the dumper, even with auto makers giving their cars away at 0% interest for six years if you can sign an X on a loan document? At the same time, the establishment reports soaring consumer confidence, while consumers don’t act confident at all. Do you believe these propaganda surveys or your own eyes.
This Christmas (we’re allowed to use that word again now that Trump is on his way) shopping season is going to be atrocious. Retail sales over the last three months have grown at a pitiful 1.5%. If you adjust that for a true inflation rate of 5% or so, real retail sales are in decline. The bricks and mortar retailers are dying, as Amazon and other on-line outlets eat their lunch. The store closing announcements in February should be robust. More ghost malls coming to a neighborhood near you.