Whatever you do, don’t blame President Gutsy Call:
In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000. This is the highest on record. . . . [T]he labor force participation rate just dipped to a new 30 year low of 64.3%.
Surely, Americans will be aghast when they learn this dreadful news. I mean, not even the liberal media can deny that this is bad, right? But there’s always The Department of Dishonest Headlines:
Economy adds 115,000 jobs;
unemployment drops to 8.1 percent
The good news: By concealing the grim economic reality, the liberal media save Democrats the trouble having to blame Bush again.
So the jobless but no longer unemployed increased by a ratio of 4.5 to one over new jobs, we’re saved.
so you want us to go back to the policies that got us into this mess?
Yeah, that 5% unemployment under Bush sure sucked! Fortunately, the Democrats put the Community Reinvestment Act into play starting under the Carter Administration, and it was finnaly enough to bring down the Economy! Why shouldn’t we leave the Democrats in charge? They’ve done such a bang-up job so far…
I’m guessing public schools, union teachers – am I right?
There is some growth in job creation in the private sector over the last year, although not enough to match the natural increase in the labor force. The American engine is still powerful – in spite of Obama’s best efforts to take us down a peg with insane regulations.
We need to repeal ObamaCare if the Supreme Court doesn’t fully overturn it, and get rid of the anti-growth, anti-energy regulations and edicts issued by this neo-socialist regime, and make the necessary cuts in federal spending and reforms to entitlements to avert fiscal disaster, but once we do those things, we can be strong again.
They can spin this all they want, but eventually the markets will catch up with the BS and there will be a correction. And it will likely be before the first week of November.
[…] the Obama Depression, Stupid Posted on May 4, 2012 11:30 am by Bill Quick BREAKING: Economy Craters, Unemployment Soars, Obama Begins Desperate Search for Scapegoats : The Ot… Whatever you do, don’t blame President Gutsy Call: In April the number of people not in the […]
Which policies would that be, pray tell? And do be specific in showing how said policies led to this mess. Just saying “it’s Bush’s fault” (or even better, “it’s Reagan’s fault”) will not carry much weight.
[…] rate dropped to 8.1%. That however is an artificially positive number. The economy added a paltry 115,000 jobs in […]
It’s like they think if all these people are working they won’t vote…
Some financialists are opining that the markets do better on bad but not catastrophic jobs news because the Fed will continue some form of easing. Tis a truly sick system we’ve got here.
Almost none of the new jobs were in manufacturing, for there to be prosperity there must be a base of wealth creation not just services.
Yes that is true, in the short term. In the long term, the invoices all become due. And they will, the case of the United States over spending on programs and entitlements, be a whopper.
Let’s ask ‘Julia’.