Friday, April 5, 2013

Obama's Dismal March Jobs Numbers

Unemployment fell in March from 7.7% to 7.6% because another 600,000 Americans dropped out of the labor force.   In fact, we have the worst labor participation rate since Jimmy Carter was President.   It should be no surprise because Socialist President Obama is Jimmy Carter II.   During the month of March, just 88,000 new jobs were created when 200,000 were expected.   We need more than 100,000 new jobs a month just to keep up with population growth.   Don't forget, Obama promised us that if he borrowed and spent a Trillion Dollars on his SwindleUS Plans that it would lead to prosperity and instead we have the highest poverty rate since the early 1960's.  Obama is officially the Poverty President. 

To make any dent in real unemployment, up around 14%, when all are included, those that are unemployed, those that are working part time that want full time work and those that have just given up looking for work altogether, we need at least 300,000 new jobs a month to deal with the more than 20 million Americans, out of work, in these categories.  Even then, at our current GDP growth rate it would take more than 10 years to get to a full employment economy. 

Obama and his Socialist pals in government are all job killers.   The Fiscal Cliff Deal and ObamaCare already raised taxes by $1.6 Trillion over the next ten years, mostly on small business.  Obama cries about the Sequester Cuts as the reason for poor economic growth and the lack of job creation.   Most of the Sequester Cuts have not even kicked in and when they do, they will amount to a paltry $85 Billion a year out of the roughly $3.6 Trillion federal budget.   It is all just more Obama Baloney. 

The fact is that new taxes, stifling regulations and pending ObamaCare are all killing jobs.  American companies are sitting on more than $2 Trillion in cash that is on the sidelines.   That money will not be invested in the US, as long as Obama is President and either House of Congress is controlled by Socialists.   Shortly, Obama will finally put a budget on the table that proposes to raise taxes by another $700 Billion, in exchange for meaningless Entitlement Reform.  If the Republicans in Congress fall for that stupid idea, they all deserve to be Tea Partied out of office during the primaries. 

WE HAVE A SPENDING PROBLEM, NOT A REVENUE PROBLEM.  Local, state and federal governments collect plenty of our hard earned money in various taxes, fees, penalties etc. that they turn around and waste on redundant programs, commissions, departments, agencies and compensation and benefits for government employees that are 40% higher than typical in the private sector.   Now Obama wants to hire several hundred thousand more government workers as "Navigators" to help Americans understand ObamaCare.   Just think, wouldn't it just be smarter to REPEAL ObamaCare. 

We will not see robust economic growth and job creation again as long as Obama keeps pushing his Socialist big government schemes that do not work.   We have just one chance left to get our country back on track and it is the Energy Sector.  For the first time in years, we can make the United States energy independent if Obamanistas would just get out of the way.  This does not mean dirty air or water; but real solutions to make all forms of energy safer, cleaner, cheaper and more readily available.  

This is the only way out of the fiscal insanity we face that is going to lead to the economic collapse of the United States if we don't get our country back on track.  Cards talk and numbers don't lie.  Creating just 88,000 new jobs in the month of March was dismal.   Thanks for nothing Mr. President. 

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