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The April jobs report is a Bernie Madoff-like scam

Hi. I'm Wayne Allyn Root for Personal Liberty. It's getting really embarrassing. It's hard to believe this is America. The media no longer print the truth; they just print whatever lies make President Obama look best. Are we living in a banana republic, where the media covers up for a tin-pot dictator named Obama?

What Obama is doing to the economy, to jobs, to free markets, to capitalism, to the greatest middle class in world history is a crime so vile it makes Bernie Madoff look like a small-time, amateur pickpocket.

The economy is a disastrous mess. But you wouldn't know it from the headlines released by the mainstream media. For instance, take the jobs report that came out on Friday. This could be the biggest case of fraud and misrepresentation since Obamacare.

Let's pick Friday's jobs report apart, piece by piece.

First, the headlines in most every newspaper in the country reported the "great news" of 223,000 jobs created. No one mentioned that this number was below expectations and, therefore, a disappointment.

No one mentioned that the stock market went up in response to this bad news, because Wall Street analysts now expect the Federal Reserve to keep interest rates at zero (in response to such bad news). In other words, bad news is great news on Wall Street. Instead, the media simply reported that the stock market went up, leaving average Americans to think it was in response to good news about jobs.

Second, while the headline screamed about 223,000 new jobs created, it never mentioned that last month's jobs figure was revised downward by more than 30 percent. Yes, I said 30 percent from 126,000 new jobs to 85,000.

If the media were doing their job, they'd ask why anyone should believe this month's figure. Why should we not assume a 30 percent downward revision next month? If so, 220,000 jobs would be revised down to only 160,000 - a disaster that you can count on being reported on page 96 in the back of the newspaper (where no one ever reads).

The third lie is the mother of all fraud. How did the government arrive at that figure of 223,000 new jobs created? It was composed of 252,000 full-time jobs lost and 437,000 part-time jobs gained.

Did you know that? Of course not. Because the media never reported it. Tell me what's good news about 252,000 full-time jobs being eliminated, while they are replaced by 440,000 horrible low-wage, part-time jobs (the kind that cannot feed a traditional family without food stamps)?

By the way, those 252,000 full-time jobs lost were the biggest drop in full-time jobs in a year. How is this reported as "good news?" How is this reported as proof of a "recovery?" Why aren't the media reporting we have an economic disaster on our hands? Why isn't it the story of the year that the prospects of getting a full-time job have declined dramatically from one year ago?

Also, why is there no investigation by the mainstream media about why we are so quickly transforming into a low-wage, part-time economy? Isn't that the perfect cover for Time magazine? But I haven't seen it, have you? Why? Because the media is afraid of the obvious answer: Obamacare.

I've seen no headlines reporting on the results of Federal Reserve Bank surveys in Philadelphia, New York and Atlanta all finding that in response to Obamacare, few - if any - full-time jobs are being created, part-time jobs are the norm, and higher costs for health insurance are being passed on to employees.

There it is. Two mysteries are solved at once. This is why we see only part-time jobs being created and why consumer spending is weak despite lower gas prices. Obamacare is wrecking the economy. Who says so? The Fed. Who did they ask? The only people whose opinions matter: employers.

Lastly, how can the media justify touting 223,000 jobs created without mentioning that in the same month we hit a record low for Americans not in the labor force? Some 93,194,000 of our fellow citizens of working age are not working. That's the record for the most-ever not working.

You mean this stat isn't significant enough to mention? Yes, unemployment is going down. The reason is clear: People are dropping out of the workforce and either living on welfare, food stamps or disability. Or if they're lucky enough to be older, they're going straight to Social Security and Medicare (meaning they'll never work again). No country can survive this kind of entitlement burden. Under Obama, a majority of the country is surviving on a government check of some kind.

Recovery? "Good" jobs report? Folks, this is a slow-motion disaster. If a Republican were president the media would blame him for what I called in my bestselling book, "the murder of the middle class."

But with Obama as president, the mainstream media refuses to tell the truth. In the private sector that's called fraud. People go to jail for this kind of misrepresentation and omission. Someday, a decade or two from now, history books will report that Obama destroyed the greatest economy, the greatest middle class and the greatest country in world history. And he did it with the full cooperation of the mainstream media. This criminal conspiracy and cover-up of a dying economy have turned America into a banana republic.

I'm Wayne Allyn Root for Personal Liberty. See you next week. God bless America.