Bottomed Out Economy

This graph shows the state of the U.S. economy: working populationfive years of absolutely flat employment as a percentage of the population [Bureau of Labor Statistics]. No recovery exists. The U.S. economy is at what at best can be called “flat bottom,” though even that is of course delusional, since it could get much worse. Indeed, the rising level of food stamp distributions suggests that it is getting worse. Covering this reality is the stock market bubble, the result of an Obama Administration policy of corporate welfare. This policy, aside from paying off those who fund the increasingly private electoral system (one dollar, one vote, thanks to the Supreme Court), has the additional virtue of making an economic disaster look positive.

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