Tread carefully when parsing the latest jobs report from the Bureau of Labor Statistics. The real picture is much different from the headlines.
The announcement July 30 that the economy grew at a four-percent annual rate for the second quarter of 2014 has financial analysts wondering if the Federal Reserve Bank will end earlier than expected the “quantitative easing” and interest rate suppression it has engaged in since 2008.
More and more Americans are working part-time, including many who desire a full-time jobs. But ignoring the difference between part-time and full-time employment, the administrations is boasting about businesses hiring at historic rates.
This is a setup from the start. The rail line will never make money, so it's being funded with gifts in the hopes that taxpayers can be gulled into paying for its expansion in the future.