Friday, September 6, 2013

Phony Recovery: 97% of New Jobs Are Part-Time

09/06/13


Jay Leno joked several nights ago that, “[I]n his speech about the economy, President Obama said we’ve all been distracted by phony scandals, and it’s time we started getting distracted by the phony recovery.”
Unfortunately, a “phony recovery” is exactly what it is. Wayne Allen Root wrote an article several days back explaining what’s wrong with the US economy. Collapsing jobs, fall in income, falling wages, rising poverty — the “recovery” doesn’t exist. Things are worse today than they were before.

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