Sunday, March 31, 2013

How Obama Goosed the Jobs Numbers

 

There have never been more people (net number or as a percentage of any ratio you can think of) on disability.  It’s simple, if you don’t want to work or can’t find work, but want to collect a check, just claim you’re disabled.  In this economy, where the only jobs are crappy ones, you can appreciate why people are incentivized to do this.  If you don’t believe me,  just read about the facts – it’s a giant scam. There’s an example of a whole county in Alabama where 1 in 4 (yes, a full 25% of the population) receives disability checks.  That is insane.  And the states love it.  They actually pay firms to find people they can shift off their own welfare rolls into the federal disability assistance system.  It’s shocking, shameful, and it’s in full-swing.  If people were already not counted, no change, but when people see everyone around them living off disability, they decide to throw in the towel and join up as well – after all, it pays about the same as a crappy minimum wage job anyway.  So, by jumping onto the bandwagon, these people all drop out of the numerator of the equation, artificially improving the reported jobs number as well.

How Obama Goosed the Jobs Numbers

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