Saturday, May 3, 2014

The Obama Recession And Unemployment

Six years into the Obama Presidency and Recession, unemployment has fallen from 6.7% to 6.3% in the month of April.   288,000 jobs were added in April, which does not even keep up with population growth.  Perhaps more important, Gross Domestic Product growth in the first quarter of 2014 was non-existent.   We need 3% or greater GDP growth to see any real improvement in our economy.   There are about 3.5 million long term unemployed and millions more who have just given up looking for work altogether, which is the reason unemployment is falling.  Those that have dropped out of the labor force are not counted as unemployed.  Further, there is no one working at all in 20% of families.  Those Americans are receiving government benefits, one way or another. 

It is very clear that Obamanomics, based on Socialist Schemes, has failed miserably to create economic growth and jobs in our country.  Add to that all the new taxes and Executive Orders that have negatively impacted business and Obamanistas at various federal agencies doing everything they can, through regulations, to kill jobs and business growth; so is it any wonder that the economy is not really growing.  ObamaCare is the icing on the cake that is hurting economic growth in our country. 

If Obamanistas would just get out of the way, we could use our new found oil and gas energy resources to create an industrial renaissance in our country, which would lead to high paying jobs; not more part time work and low paying jobs at Wal Mart and McDonalds that are the basis for any job growth we are seeing in the Obama numbers.   We can only count the days until we have both a Pro-Growth Congress and President.  If Conservatives do not regain control of the federal government in 2014 and 2016, we will see more of the same retarded economic growth.   If that happens, we will end up adding to the 50 million Americans that are already on the dole.  Of course, this is the Socialist game plan because adding more people to the dole allows them to win elections to continue feeding at the trough.   Sadly, it is what it is.      

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