Saturday, February 04, 2012
Americans are giving up on jobs
The Bureau of Labor Statistics announced yesterday that a staggering 1.2million Americans dropped out of the employment statistics just last month. That means their outlook is so bleak, they aren't even looking for work at this point. It also explains the slight drop in unemployment that Obama and the democrat media are crowing about. Even a government-school graduate knows that when the number of people looking for work drops, the unemployment rate, measured based on the number of people actually looking for a job, goes down regardless of whether any actual jobs were added.
Don't let the media and the Obama regime fool you this election year. The unemployment rate is awful, hovering around 11%, and Obama doesn't have a clue what to do about it because he's just a community agitator in a nice suit. His pretend jobs initiatives are just political payoffs from the last election that he must do reflexively if he wants their money for this election.