The jobless rate has dropped a bit over the last month and we are bombarded with stories about how the Obama recovery plan is working. This is proof (though when it continued to rise it was not proof that the recovery plan was a failure) and we should all be thankful that we have the fourth greatest prez ever running the country (his own assessment, not mine).
The jobless rate is down for several reasons. The seasonal hiring for Christmas helped and the number of people looking for work decreased as people became disparaged and stopped actively looking. These people are not counted. The rate will go lower if the denominator is smaller.
Now that Christmas is over and companies have let the temps go the number will rise again. Once people start actively looking again, the number will go up. How will the regime spin those numbers.
You can be sure that the very people who ignored the people who stopped looking when the number went down will be jumping up and down telling us that the number is only higher because of those very people.
Things are not good and they are really not any better than when King Barack Hussein took office. The economy is sinking, the national debt is rising rapidly and crushing us under its weight. We have plans for cutting that amount to the effect of spitting in the ocean and saying the level had risen. They are pathetic and will not bring us back to fiscal responsibility.
We need to get a handle on social welfare programs. We need to cut spending across the board and we need to eliminate redundant government programs. Lacking this, we will be Greece in no time.
Our debt is now more than 100% of our GDP and that is a very bad sign of things to come.
While Rome burns Nero Obama is fiddling. He is playing class warfare to let us know he will not let the 50% who pay no federal taxes be burdened by the 50% who don’t pay their fair share…
November is our chance to get things back on track by throwing the Socialist and his regime out one their ears.
Related:
Bloomberg
Cave canem!
Never surrender, never submit.
