Saturday, June 5, 2010

431,000 Jobs Added In May - Not So Fast

Socialist President Obama credited his trillion dollar SwindleUS Plan with adding 431,000 jobs in the month of May. That would be great and signal economic recovery, except for the fact that 390,000 of those jobs were temporary $10 an hour census jobs that will be eliminated in a few months. The private sector only added 41,000 new jobs in the month of May, which was 170,000 less than in the month of April. This bad jobs report is the reason that the stock market immediately fell 323 points on the news.

Most important, the US needs to add 100,000 new, real jobs a month just to absorb the kids coming out of school. In order to put any dent in the 9.7% unemployment rate, the highest rate since the Jimmy Carter recession, the US economy must be growing by 4% or more a year adding several hundred thousand jobs a month to absorb the 15 million unemployed. The real number is actually much higher if the under employed, those working part time who want full time work and those who have just given up looking for work are counted.

Obama can spin the news all day; but the fact is that his SwindleUS Plan has been a complete failure. The only jobs created or "saved" have been public employee union jobs that are bankrupting our country. Employers are hesitant to hire because they are factoring in all the Obama tax increases on the horizon including the end of the Bush tax cuts that will occur on January 1, 2011. The end of the Bush tax cuts will result in the biggest tax increase in American history. In addition, the increasing cost of health care as a result of Obama's HealthScare Plan and potentially higher energy costs that will occur when Obama's CAP & TAX bill is enacted by the Socialist controlled Congress are all job killers. When SwindleUS I was passed, Obama promised the American people that unemployment would not rise above 8%. The fact is the President either lied, or simply has no understanding of Economic 101, or both.

Keynesian economics, the basis for the President's SwindleUS Plan, has never worked anywhere in the world it has been implemented to produce prosperity and overall growth. Government growth, that usually results in higher taxes and more regulation, is always at the expense of the private sector. Only the private sector can grow real jobs. If private sector growth is retarded by government growth, the job machine stops. That is exactly what is happening today.

President Obama, the lawyer and law professor, is incompetent, not stupid. The President does not understand Economics 101 and free market capitalism. The President does not understand International Relations 325; hence the reason our foreign affairs are in disarray and our border has not be secured. And, it is pretty obvious, from the oil spill disaster in the Gulf, that President Obama is not capable of managing a crisis. Obama is the Ditherer in Chief.

We must take back our country in 2010 and 2012 by electing competent Conservatives who support free market capitalism to grow our economy, limited government, lower taxes and less regulation, a balanced budget, term limits, a strong national defense, including securing our border and fighting Terrorism, real energy independence and health care reform, the right to bear arms, the sanctity of life and family values. Most important, we must elect Conservatives who support the Constitution, as written by our Founding Fathers, not as contrived by our current Socialist President, former Presidents, Congresses or the Courts. This is the winning platform and litmus test. We can do it. We must sweep these Socialists out of office and make Obama a one term President. We will do it for the sake of our children and grandchildren.

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