Labor Dept. Numbers Incomplete : 77% Are Part -Time

Why would we think that a consensus opinion is a good way to decide the fate of the country rather then actual facts? The only way to believe that a consensus is a good ideal is if those that were survived have the same ideology but which would negate the outcome as factual.

Given that nearly all information that comes out of the government or in the mainstream media is biased in favor of the progressives socialist Democrats, it stands to reason that the information is designed to move the population in a particular direction that will benefit the agenda of the Democrats. The best example is the unemployment rate showing 7.4% but doesn't explain that 77% of those that were employed were part-time workers or that the U6 unemployment number is nearly 14%.

So why would the labor department leave this information out of the just released figures? Are you still confused as to just what the name of the game is? Well, for the low information voter it's called managed information, skewed figures, massaged numbers, bias or just plain lies.

WOW - For the claim of being the most transparent administration in history, it seems that statement is just another example of how this administration uses throw-away lines to manage information. Who Knew?

Another Recession by Early 2014?
Source: John H. Makin, "Third Time Unlucky: Recession in 2014?" American Enterprise Institute, July 30, 2013.
August 2, 2013

The current post-crisis economic recovery, though punctuated so far by two "swoons" (growth scares in early 2011 and late 2012), has passed its 48th month. These past swoons notwithstanding, virtually no one is thinking of deflation or recession, even though second-quarter 2013 growth looks to be below 1 percent, perilously close to stall speed, says John H. Makin, a resident scholar at the American Enterprise Institute.
The past two post-swoon recoveries have not gotten the economy entirely back on track, but markets and, more notably, the Federal Reserve are betting on the third time being lucky. Instead of resting on this wishful thinking, Congress and the Fed need to start exploring measures that will prolong the expansion.

• Many casual observers would argue that all is well with the U.S. economy. Consensus and the Fed are predicting robust 2.5 to 3 percent growth over an extended period with no deflation.
• Housing is "back" and U.S. stocks are at record highs. The "bond bubble" has burst as investors sell bonds in the face of the rising interest rates that will inevitably accompany recovery.
• The United States seems to be in the best economic position in the world.

Or so goes the consensus view. There is another possible scenario: Suppose the financial crisis and the Great Recession have returned the United States to a more normal sequence of business cycles. Suppose we are closer to the long-run (33 cycles between 1854 and 2009) average where expansions were shorter (about three years as opposed to the post-1961 average of  six years) and contractions a bit longer (18 months) than the 12-month contractions that are the post-1961, seven-cycle norm?

• Economic indicators and long-term business cycle patterns suggest that the United States may be in another recession by early 2014.
• Two post-financial crisis economic swoons have been curbed with easy money and fiscal stimulus, but flat retail sales, slowing employment growth and a faltering housing sector may prevent these strategies from working again.
• To prolong the expansion, Congress and the Fed should enact near-term fiscal stimulus, lower tax rates and broaden the tax base, deregulate the financial sector, and focus on maintaining low and stable inflation.