Weekly Opinion Editorial
by Steve
Fair
Yesterday, we
celebrated Labor Day. Founded by the
organized labor movement (unions) it recognizes the contributions workers have
made to the strength, prosperity, and well- being of the U.S. In 1894, Congress passed a law making the
first Monday of September a legal holiday and creating a Labor Day holiday. Labor unions seem to be a thing of the past
in the U.S. Only eleven percent of wage and salary
workers belong to them. This is just half the percentage of union members there
were in 1983.
Traditionally a ‘jobs report’ is released
on or near Labor Day by the Bureau of Labor Statistics. This year’s report shows there are 149
million Americans out of work.
Unemployment in August was at 5.1%, a seven year low, but according to
U.S. News and World Report, that number is deceptive. “The
number of unemployed people dropped, but many of these Americans were those who
were actively searching for work but have now dropped out of the
job-hunting process,” U.S. News reported.
When someone stops actively searching for a job, they are no longer
counted as unemployed. In other words, there are fewer unemployed Americans,
but it could just be because many people have given up hope and stopped looking
for a job. Congressman Bernie Sanders,
who is a candidate for the Democrat Presidential nomination believes that. Sanders said, “There is another set of government statistics and that real
unemployment if you include those people who have given up looking for work and
the millions of others who are working part-time 20, 25 hours a week when they
want to work full-time, when you put all of that together, real unemployment is
10.5 percent.”
Wall Street reacted negatively to the jobs
report. The Dow Jones Industrial Average
dropped 273 points on the news that the economy created just 173,000 jobs last
month when it was anticipated there would be 218,000 created. Wall Street believes the jobs report will
trigger an interest rate increase by the Fed next month which would slow the
economy down.
An interesting development revealed by the
report is that Millennials (18-34 year old) are now over one third of the
American workforce, beating out Generation X (35-50 year old) by a slim
margin.
The Obama administration will point to the
unemployment rate and crow that it is down to the lowest level since the
President took office, but as mentioned above the reason may be people giving
up hope. Consider these statistics:
A record 46.3 million Americans are
receiving food stamps. That is nearly
50% more recipients than when the President took office. The rate of home ownership has slipped to its
lowest point in more than 20 years. Only
64% of Americans own their own homes.
That is the lowest percentage since 1994 and down 3.5% since President
Obama took office. The national debt has
nearly doubled under this president. It
is over $18 trillion dollars. That is an
increase of $7.4 trillion since 2009, when the president took office. Just the ‘increase’ is $65,443 per household! Rest assured, the president didn’t do this by
himself. He had help from Congress,
whose unwillingness to make some tough decisions have put America on the
path to bankruptcy.
Last week during a stop in Duncan, U.S.
Senator James Lankford said, “Washington DC(Congress)
is a mirror of our society. If we don’t
like what we see, we need to change it.
The key to changing America
is for us to have strong families. I
would encourage you to mentor a young family and to encourage young
families. They are the future of America.” Lankford is absolutely right. When an avowed socialist (Sanders) can fill
stadiums with his message of wealth redistribution, it is apparent that today’s
America
is much different than what it was just twenty years ago. Can we ever go back? While the good ole days weren’t always good,
they did give some hope for hard workers to better themselves. The only way we improve our current situation
is for Americans need to take equity in this self-governing experiment called a
democratic republic. Citizens need to
pay attention to what is going on in their government and get involved. How do you do that? Show up at city council meetings, go to
school board meetings, attend your county
GOP meetings, research
the issues, visit with your elected representatives. In short, simply show up! The world is ruled by those who show up!
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