Telling it like it isn’t

90-million

How do we get 90 million jobs back?   Labor Participation statistics were dropping during Bush Administration too- but Fox doesn’t mention this.   Labor participation is more a measure of the aging of our population and does  not  correlate with unemployment and  other common measures of our economy.   If more young people are enroll in higher education, the  Labor Participation go down.  They don’t tell you this!.

While housing starts went up during Obama term,  home ownership has declined.   The National Review is a magazine dedicated to conservative and generally conservative  Republican idealogy.   But,  one of their articles takes on Sean Hannity from Fox News on the home ownership statistics, as being meaningful measures because he comparing the situation now to yer 2008, just when the housing bubble burst causing worldwide recession:

http://www.nationalreview.com/article/443010/sean-hannity-barack-obamas-economic-record-what-his-criticism-gets-wrong

The author makes a real good point- the last thing we need is a return to  2008 and lower lending standards which encourages people to buy houses they can ill afford.  This may not be shared with Donald Trump, as housing busts are  terrific opportunities for people with cash to profit from foreclosures.   Way too early to know Trump’s economic program includes relaxed lending regulations.

My advice to anyone who is struggling to make car,  credit card and student loan payments is to rent.   For those who believe they have extra money, my advice if they are young to invest it in education.

I try not to watch Fox News, as there are much better sources of  solid news reporting.

Stay tuned,

Dave

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