THE TRUTH COMES OUT – AT 11:21 A.M. ET: The Obama administration is boasting that we've now made up for all the jobs lost during the recession. As we noted recently, the figures are deceptive. Many of the new jobs "created" under Obama are part-time, and far below the level that the job holder was at before. From CBS:
NEW YORK -- The U.S. economy has regained all the private-sector jobs it lost in the Great Recession; it took six years. The Labor Department said Friday that America added 192,000 jobs in March. The unemployment rate remained 6.7 percent.
After five years of being in and out of work, Tara Dublin found a job a few weeks ago as a hostess at a restaurant in Portland, Ore..
"I've been hired by this restaurant I absolutely love, but it's a part-time position," Dublin says.
She makes $11 an hour, plus tips.
In March, of the 192,000 jobs created, 30,000 were in food services. Restaurants and bars have added 323,000 workers over the past year, but Dublin is earning a fraction of what she used to make.
"The first time I came home and saw a foreclosure notice taped to my front door and my sons saw it, that was a really bad day," Dublin says.
COMMENT: The fact is, working Americans aren't really doing well at all. The quality of jobs has declined. The middle class is shrinking. The requirements of Obamacare are forcing many companies to drop some of their work force to part-time status.
This isn't the American dream.
April 5, 2014 |