Friday, September 07, 2012
The "recovery" that wasn't
Last month's job numbers came out today and a piddling 96,000 jobs were added. With the sole exception of Sandra Fluke who was still agitating about having taxpayers fund her consequence-free sexcapades, nearly every speaker at the DNC touted the "recovery" that is supposedly taking place with the US economy, but what recovery?
The democrat media got the vapors as they reported that the unemployment rate dropped to 8.1%, but a mere 96K jobs added wouldn't account for that. What the democrats won't tell you is that 368,000 Americans dropped out of the work force, having given up looking for work. As you know, unemployment is calculated based on the number of people working and the number of people looking for work. If 368K quit looking, of course the unemployment rate went down.
I hate to point out the obvious, but despair and hopelessness in the workforce isn't exactly the recovery we were hoping for.
Meanwhile, during the Obama presidency the US economy was hyper-regulated at a rate 5X greater than during Bush. And there are another 1,400 some odd new regulations still in the pipeline. The economy is being regulated to death and this administration knows it. It's intentional, purposeful, and hostile. Obama believes if he can damage the economy enough, eventually everybody will be on some sort of government dole....and then his socialist/Marxist vision of America will have been realized.
We're not in a recovery, we never were.