Friday, December 19, 2014

Economy

Ohio's jobless rate fell to lowest level since dot.com bubble. Bubble bubble, toil and trouble.

Housing bubble in Miami.

Dominated by government, Americans aren't working.
"Fewer Americans born in the U.S. have jobs now than were employed to November 2007, despite a working-age population growth of 11 million.
The amazing drop in employment highlights President Barack Obama’s slow recovery from the deep 2008 shock, but also spotlights many companies’ growing reliance on foreign migrant labor.
Almost one in every two jobs added since 2009 have gone to foreign-born workers."
Ouch.

Immigrants get all the new jobs.
"All of the net gains in in jobs since 2007 have gone to immigrants — both legal and illegal — according to a new report from the Center for Immigration Studies, meaning that fewer native-born Americans are working today than were at the end of 2007."
The US doesn't work for Americans any more.

US debt continues to skyrocket while production remains low.

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