Sunday, January 12, 2014

Sick Obama Economy - Dismal Jobs Report

After borrowing, taxing and spending over a Trillion dollars on Obama's SwindleUS Plans and implementation of various Socialist Schemes during 5 years of the Obama Presidency, we saw a dismal jobs report in the December, 2013.   Only 74,000 new jobs were created.   We need about 300,000 or more new jobs each and every month to deal with population increases and actually bring down real unemployment.  Though the fake unemployment rate fell to 6.7% from 7%, it is because more and more Americans are just dropping out of the Labor Force.  The Labor Participation Rate in 2013 fell from 63.6% to 62.8%, the lowest number since 1978 when Jimmy Carter was President.   This means that an additional 2 million Americans just stopped looking for work in 2013 and as a result, they are no longer counted as the officially unemployed.   The real unemployment rate if all are counted, those that are unemployed, those that are under employed working part time that want full time work and those that have just given up looking for work altogether exceeds 13% in this sick Obama economy.   

Obamanistas love to brag that they have created 8 million new jobs in the last five years.  The reality is that since 2007 when the Recession began, 8.7 million jobs were lost.  As such, our country is just 700,000 jobs ahead of where we were in 2007, not nearly enough to keep up with population increases.   This is the reason so many people have dropped out of the workforce and that 50% of kids coming out of university cannot find work.  It is also the reason Black unemployment is double the national rate.  We now have about 50 million people on Food Stamps and 10 million people collecting Disability Benefits, often fraudulently.  One out of six Americans are now officially living in poverty, the highest rate in three decades, again since Jimmy Carter was President.  Thanks for nothing Mr. President. 

Pinocchio Obama, who preached Hope and Change when he ran for President, has given us the longest Recession in American history.  Clearly, raising taxes, ObamaCare and more burdensome regulations that hurt business have all been job killers and we see it in the numbers.  Wall Street is definitely not Main Street.  Wall Street is doing just fine because of cheap money and massive lay-off's.  Main Street has suffered under Obama as Middle Class income in real terms is less today than 30 years ago.  ObamaCare is the icing on the cake as those that do not qualify for subsidies are paying more for health insurance and getting less in benefits. 

By any measurement standard, Obama's Socialist Schemes and Economic Policy, if you can call it that, have been a disaster for the American people; kind of like a Katrina that has struck us all.   Obama's incompetence, Socialist ideology and arrogance make it impossible for the Liar In Chief to change course.   Unfortunately, we are stuck with Obama for three more years.  The only hope and it is just a hope is that if the Republicans retain the House of Representatives and take over the Senate in 2014, maybe we will see a modest change of course.  But don't count on it.  Obama is too stuck in his Socialist ways to allow the Republicans to save him from himself.  If anything Obama will use unconstitutional Executive Orders, which should be challenged in court, to double down on his Socialist Schemes.   We won't see real positive change in America, if feasible at all, until all three branches of government are controlled by Republicans.  It certainly will not happen any other way.  In the mean time, we face this sick Obama Economy.  It is what it is.

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