Looks like the answer is "YES." 2012 had the highest percentage of increase in Jobs in the recent history. And the percentage of housing expenses (mortgage payment) to median income (annually), went from 34.83% in 2006 to 24.4% in 2011.
With all the political ads I began to wonder, what is the truth. I felt whatever person took over President in 2008, that person would probably go down in history as the "biggest loser" because of the fiscal cliff we were on. I did not see how anyone could make any "in roads" back to financial wellness. The Jobs numbers have become a mantra for some as to why things are so "BAD" and yet, it seemed to me, that the jobs were inflated along with the Real Estate prices, during Real Estate Bubble. Attempting to compare the jobs to that timeframe is not just unrealistic, but returning to the environment would be dangerous, we would be back in another "Bubble."
So I did some research on the Labor Force and the chart below are my findings. I did something the politicians don't do, I stuck with consistant numbers to compare oranges to oranges to see what the outcome would be, rather than trying to support my suspicions. I did a range of time in order to get a good overview of trends, more easily spotting those things that are out of the ordinary. Sure enough, job peaked in 2006, many, many jobs were created by the enormous depth of job connections involved in the real estate industry, which then dissintegrated when the Bubble burst. I have come to believe that the center of the Universe is Real Estate....it makes millionaires, creates wealth, and jobs. So it seemed to me that before the Bubble, the Labor Force was never as large (%) than previous years. Therefore, since then, the economy shrinking has also reduced the need for the 2nd and 3rd incomes in the upper income families. So, I did a spreadsheet and sure enough, there it was. The highest increase in the Labor Force was in 2006 55.94% up from the previous 2 years. Prior to the "After Bubble" the highest reduction in Labor Force was in 2002 at 55.16% (Bush II), 2nd highest was in 1992 at 47.5% (Bush I) and the 3rd highest was in 2008 at 30.89% (Bush II). Obama inherited this percentage and then the economy took it to the highest reduction at 113.66%, but by 2012 the highest percentage of increase in Recent History at 143.33%. If you look at the % of Household or Per Capita Income to Housing Prices (the largest expense to the middle class), we have gone from 68.9% in 2006 (the peak of the bubble) to 45.5% in 2011 based on current income & the lower interest rates we currently have. The need for more household income goes down as the cost of living day to day goes down. I don't believe we will get back to the "Bubble" employment numbers, it just won't be necessary.
Whether we are financially better is not based on one or two numbers pulled from here and there to create a desired result. I had to work very hard to find numbers I could use that were consistant. I think it is hard to find and then compulate to keep us confused, and make it easy for politicians to paint the picture they want us to see. With the population we now have, and our global reach, we need a large, strong, efficient government that meets the needs of its people. The government is us. Getting rid of fat, fraud & those living off the government is essential. Having people on welfare is not a crime, keeping them there is. We need a pro-active system, that does not require they go out and "search" for a job, not very effective for someone out of work with skills that may be lacking or outdated. Wouldn't it be better for those who receive a government check, work for the government, gaining, experience, improving skills, and last but certainly not least, building self-esteem. Using this "Work force" for infrastructure, child care, manufacturing, construction, landscaping, the list goes on. Creating jobs can be so much more than just the empty promises of those who have no clue what it is like to really work a day in their life, and I truly mean even the wealthy, their money works not them. Lets look at the Big Picture and create real solutions. We may not be where we want to be, but the recovery appears to be a steady, healthy pace. When you fall into a hole, it is quick and painful, you don't just jump out of the hole, you climb out slowly and deliberately, trying not to make the same mistakes that got you into the hole.
With all the political ads I began to wonder, what is the truth. I felt whatever person took over President in 2008, that person would probably go down in history as the "biggest loser" because of the fiscal cliff we were on. I did not see how anyone could make any "in roads" back to financial wellness. The Jobs numbers have become a mantra for some as to why things are so "BAD" and yet, it seemed to me, that the jobs were inflated along with the Real Estate prices, during Real Estate Bubble. Attempting to compare the jobs to that timeframe is not just unrealistic, but returning to the environment would be dangerous, we would be back in another "Bubble."
So I did some research on the Labor Force and the chart below are my findings. I did something the politicians don't do, I stuck with consistant numbers to compare oranges to oranges to see what the outcome would be, rather than trying to support my suspicions. I did a range of time in order to get a good overview of trends, more easily spotting those things that are out of the ordinary. Sure enough, job peaked in 2006, many, many jobs were created by the enormous depth of job connections involved in the real estate industry, which then dissintegrated when the Bubble burst. I have come to believe that the center of the Universe is Real Estate....it makes millionaires, creates wealth, and jobs. So it seemed to me that before the Bubble, the Labor Force was never as large (%) than previous years. Therefore, since then, the economy shrinking has also reduced the need for the 2nd and 3rd incomes in the upper income families. So, I did a spreadsheet and sure enough, there it was. The highest increase in the Labor Force was in 2006 55.94% up from the previous 2 years. Prior to the "After Bubble" the highest reduction in Labor Force was in 2002 at 55.16% (Bush II), 2nd highest was in 1992 at 47.5% (Bush I) and the 3rd highest was in 2008 at 30.89% (Bush II). Obama inherited this percentage and then the economy took it to the highest reduction at 113.66%, but by 2012 the highest percentage of increase in Recent History at 143.33%. If you look at the % of Household or Per Capita Income to Housing Prices (the largest expense to the middle class), we have gone from 68.9% in 2006 (the peak of the bubble) to 45.5% in 2011 based on current income & the lower interest rates we currently have. The need for more household income goes down as the cost of living day to day goes down. I don't believe we will get back to the "Bubble" employment numbers, it just won't be necessary.
Whether we are financially better is not based on one or two numbers pulled from here and there to create a desired result. I had to work very hard to find numbers I could use that were consistant. I think it is hard to find and then compulate to keep us confused, and make it easy for politicians to paint the picture they want us to see. With the population we now have, and our global reach, we need a large, strong, efficient government that meets the needs of its people. The government is us. Getting rid of fat, fraud & those living off the government is essential. Having people on welfare is not a crime, keeping them there is. We need a pro-active system, that does not require they go out and "search" for a job, not very effective for someone out of work with skills that may be lacking or outdated. Wouldn't it be better for those who receive a government check, work for the government, gaining, experience, improving skills, and last but certainly not least, building self-esteem. Using this "Work force" for infrastructure, child care, manufacturing, construction, landscaping, the list goes on. Creating jobs can be so much more than just the empty promises of those who have no clue what it is like to really work a day in their life, and I truly mean even the wealthy, their money works not them. Lets look at the Big Picture and create real solutions. We may not be where we want to be, but the recovery appears to be a steady, healthy pace. When you fall into a hole, it is quick and painful, you don't just jump out of the hole, you climb out slowly and deliberately, trying not to make the same mistakes that got you into the hole.
JOBS - JOBS - JOBS
(2012 Highest % of Jobs creation in recent history)
| |||||||||||||
Year/President
|
Labor Force
|
Un-employment %
|
% Change Labor Force
|
% Increase or Decrease
|
Median Housing Prices
|
Median Per Capita Income
|
% of PC income/ Housing Prices
|
Median Housing hold Income
|
% of HH income/ Housing
|
Mtg
Rates Yrly Hi
|
House Costs Mo.
|
% PC Income/ Housing Costs Yrly
|
% HH Income/ Housing Costs Yrly
|
1980 - Carter
|
106,940,000
|
7.1%
|
4.3%
|
-27.6%
|
$67,000
|
$7,787
|
11.6%
|
$44,616
|
66.6%
|
13.7%
|
$780
|
120.2%
|
21.0%
|
1982 - Reagan
|
110,204,000
|
9.7%
|
3.1%
|
-28.6%
|
$71,700
|
$8,980
|
12.5%
|
$43,758
|
61.0%
|
15.6%
|
$939
|
125.5%
|
25.8%
|
1984
|
113,544,000
|
7.5%
|
3.0%
|
-0.7%
|
$78,300
|
$10,328
|
13.2%
|
$44,802
|
57.2%
|
12.5%
|
$837
|
97.3%
|
22.4%
|
1986
|
117,834,000
|
7.0%
|
3.8%
|
24.7%
|
$95,000
|
$11,670
|
12.3%
|
$47,256
|
49.7%
|
10.5%
|
$867
|
89.2%
|
22.0%
|
1988
|
121,669,000
|
5.5%
|
3.3%
|
-13.9%
|
$121,000
|
$13,123
|
10.8%
|
$48,216
|
39.8%
|
9.3%
|
$1,001
|
91.5%
|
24.9%
|
1990
|
125,840,000
|
5.6%
|
3.4%
|
5.3%
|
$127,000
|
$14,387
|
11.3%
|
$48,423
|
38.1%
|
9.9%
|
$1,100
|
91.7%
|
27.3%
|
1992 - Bush 1
|
128,105,000
|
7.5%
|
1.8%
|
-47.5%
|
$126,000
|
$14,847
|
11.8%
|
$46,646
|
37.0%
|
8.3%
|
$947
|
76.5%
|
24.4%
|
1994 - Clinton
|
131,056,000
|
6.1%
|
2.3%
|
28.0%
|
$135,000
|
$16,555
|
12.3%
|
$46,937
|
34.8%
|
7.8%
|
$967
|
70.1%
|
24.7%
|
1996
|
133,943,000
|
5.4%
|
2.2%
|
-4.4%
|
$144,900
|
$18,136
|
12.5%
|
$49,112
|
33.9%
|
7.9%
|
$1,050
|
69.5%
|
25.7%
|
1998
|
137,673,000
|
4.5%
|
2.8%
|
26.4%
|
$152,500
|
$20,120
|
13.2%
|
$51,994
|
34.1%
|
7.1%
|
$1,024
|
61.1%
|
23.6%
|
2000
|
142,583,000
|
4.0%
|
3.6%
|
28.1%
|
$162,000
|
$22,346
|
13.8%
|
$53,164
|
32.8%
|
8.1%
|
$1,199
|
64.4%
|
27.1%
|
2002 - Bush 11
|
144,863,000
|
5.8%
|
1.6%
|
-55.2%
|
$197,600
|
$22,794
|
11.5%
|
$51,398
|
26.0%
|
6.9%
|
$1,295
|
68.2%
|
30.2%
|
2004
|
147,401,000
|
5.5%
|
1.8%
|
9.6%
|
$229,600
|
$23,857
|
10.4%
|
$51,174
|
22.3%
|
6.0%
|
$1,371
|
69.0%
|
32.1%
|
2006 (Bubble Peak)
|
151,428,000
|
4.6%
|
2.7%
|
55.9%
|
$244,700
|
$26,352
|
10.8%
|
$52,124
|
21.3%
|
6.3%
|
$1,513
|
68.9%
|
34.8%
|
2008
|
154,287,000
|
5.8%
|
1.9%
|
-30.9%
|
$229,600
|
$26,964
|
11.7%
|
$50,939
|
22.2%
|
6.5%
|
$1,445
|
64.3%
|
34.0%
|
2010 - Obama
|
153,889,000
|
9.6%
|
-0.3%
|
-113.7%
|
$241,200
|
$26,487
|
11.0%
|
$49,445
|
20.5%
|
5.1%
|
$1,302
|
59.0%
|
31.6%
|
2011
|
154,617,000
|
8.9%
|
0.5%
|
160.0%
|
$212,300
|
$27,546
|
13.0%
|
$51,413
|
24.2%
|
3.8%
|
$982
|
42.8%
|
22.9%
|
2012
|
154,818,571
|
8.4%
|
0.1%
|
143.3%
|
$187,300
|
$31,025
|
16.6%
|
$51,413
|
27.5%
|
3.2%
|
$809
|
31.3%
|
18.9%
|
http://www.census.gov/const/uspricemon.pdf - http://www.nidataplus.com/lfeus1.htm - http://www.census.gov/const/uspricemon.pdf - http://www.erate.com/mortgage_rates_history.htm - http://www.census.gov/hhes/www/income/data/historical/people/ http://www.usatoday.com/money/economy/story/2012-02-09/income-rising/53033322/1 (Per Capita 2012 est)
| |||||||||||||
PAID FROM OUR TAX DOLLARS:
Senate Leadership
Majority Party Leader - $193,400
Minority Party Leader - $193,400
House Leadership
Speaker of the House - $223,500
Majority Leader - $193,400
Minority Leader - $193,400
Congress: Rank-and-File Members' SalaryThe current salary (2006) for rank-and-file members of the House and Senate is $165,200 per year.
President's Salary
Effective January 1, 2001, the annual salary of the president of the United States was increased to $400,000 per year, including a $50,000 expense allowance.
Members of Congress receive retirement and health benefits under the same plans available to other federal employees. They become vested after five years of full participation.
Members elected since 1984 are covered by the Federal Employees' Retirement System (FERS). Those elected prior to 1984 were covered by the Civil Service Retirement System (CSRS). In 1984 all members were given the option of remaining with CSRS or switching to FERS.
As it is for all other federal employees, congressional retirement is funded through taxes and the participants' contributions. Members of Congress under FERS contribute 1.3 percent of their salary into the FERS retirement plan and pay 6.2 percent of their salary in Social Security taxes.
Members of Congress are not eligible for a pension until they reach the age of 50, but only if they've completed 20 years of service. Members are eligible at any age after completing 25 years of service or after they reach the age of 62. Please also note that Members of Congress have to serve at least 5 years to even receive a pension.
The amount of a congressperson's pension depends on the years of service and the average of the highest 3 years of his or her salary. By law, the starting amount of a Member's retirement annuity may not exceed 80% of his or her final salary.
According to the Congressional Research Service, 413 retired Members of Congress were receiving federal pensions based fully or in part on their congressional service as of Oct. 1, 2006. Of this number, 290 had retired under CSRS and were receiving an average annual pension of $60,972. A total of 123 Members had retired with service under both CSRS and FERS or with service under FERS only. Their average annual pension was $35,952 in 2006 that is $4,422,096 per year we the tax payers are paying out.
WELFARE:
Majority Party Leader - $193,400
Minority Party Leader - $193,400
House Leadership
Speaker of the House - $223,500
Majority Leader - $193,400
Minority Leader - $193,400
Congress: Rank-and-File Members' SalaryThe current salary (2006) for rank-and-file members of the House and Senate is $165,200 per year.
President's Salary
Effective January 1, 2001, the annual salary of the president of the United States was increased to $400,000 per year, including a $50,000 expense allowance.
Members of Congress receive retirement and health benefits under the same plans available to other federal employees. They become vested after five years of full participation.
Members elected since 1984 are covered by the Federal Employees' Retirement System (FERS). Those elected prior to 1984 were covered by the Civil Service Retirement System (CSRS). In 1984 all members were given the option of remaining with CSRS or switching to FERS.
As it is for all other federal employees, congressional retirement is funded through taxes and the participants' contributions. Members of Congress under FERS contribute 1.3 percent of their salary into the FERS retirement plan and pay 6.2 percent of their salary in Social Security taxes.
Members of Congress are not eligible for a pension until they reach the age of 50, but only if they've completed 20 years of service. Members are eligible at any age after completing 25 years of service or after they reach the age of 62. Please also note that Members of Congress have to serve at least 5 years to even receive a pension.
The amount of a congressperson's pension depends on the years of service and the average of the highest 3 years of his or her salary. By law, the starting amount of a Member's retirement annuity may not exceed 80% of his or her final salary.
According to the Congressional Research Service, 413 retired Members of Congress were receiving federal pensions based fully or in part on their congressional service as of Oct. 1, 2006. Of this number, 290 had retired under CSRS and were receiving an average annual pension of $60,972. A total of 123 Members had retired with service under both CSRS and FERS or with service under FERS only. Their average annual pension was $35,952 in 2006 that is $4,422,096 per year we the tax payers are paying out.
WELFARE:
On welfare 15,000,000 Receive $131.9 billion (not including Food Stamps or unemployment)
Average: $8800 per year. It various depending on individual family size etc. To receive assistance you cannot make any more than $1000 per month that is $12,000, so your grand annual total will be $20,800 plus food stamps $1,606 = $22,406....and how do you ever get off welfare ????
(Total on food stamps: 46,670,373 - total annual cost: $71,800,000,000 - average monthly benefit $133.85)
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