Skip to comments.Creative Use of Jobs as Prop in Obama Comedy Hour
Posted on 04/06/2013 7:51:08 AM PDT by Kaslin
The number of people employed in the United States dropped by 496,000 in March, according to the Bureau of Labor Statistics, yet somehow, miraculously, the unemployment rate dropped a full basis point from 7.7 percent to 7.6 percent.
Thats because while the White House, the media and assorted economists kept saying Hooray! Things are FINALLY getting better- and this time we MEAN it, another 663,000 people dropped out of the workforce.
Its amazing how discouraged people are during the Greatest Recovery Ever, led by the Greatest Chief Executive since Jon Corzine took over MF Global.
Consumer confidence tumbled in March, reports Reuters, as Americans turned more pessimistic about economic prospects in the short term, according to a private sector report released on Tuesday. The Conference Board, an industry group, said its index of consumer attitudes fell to 59.7 from a downwardly revised 68 in February. The figure fell short of economists' expectations of 68.
Economists want us to believe Americans are upset because Washington, DC cut spending.
"The recent sequester has created uncertainty regarding the economic outlook and, as a result, consumers are less confident," Lynn Franco, director of economic indicators at The Conference Board, said in a statement.
Snort! Ha, ha!
While the financial markets are getting $85 billion a month courtesy the Federal Reserve Bank - chasing up stock prices, oil prices, and gold prices - and Americans are paying for Obama & Companys economic comedy show, employers added an anemic 88,000 jobs, more than 100,000 jobs worse than consensus forecasts.
95,000 private jobs were added while government shed 7,000.
Weve hit a wall when it comes to the job situation, said Nariman Behravesh, chief economist at IHS Inc. in Lexington, Massachusetts according to Bloomberg. The U.S. labor market had been doing very well, but its going back into a soft patch. One worry is that this is an early warning of the impact of the sequester, and businesses may be anticipating its full impact. Its not going to last forever, but we could see a few months of weak job numbers.
Ha! See what I mean? Comedy.
I hear soft patch and immediately whatever Im drinking comes spewing out of my nose.
These bozos wants us to believe that $85 billion in automatic budget cuts by the government, spread over the next two years, are driving job creation down at a time that the federal government is throwing $85 billion a month of fresh money into the economy?
Seriously, this has to be a stand-up comedy routine.
Or heres an idea: Maybe people are getting wise to the fact that the government has absolutely no idea what it is doing.
It could be that rising healthcare costs- that by now were supposed to be going down courtesy healthcare reform- are to blame for the lack of hiring. Or maybe its the trillion dollars in tax hikes and 20,000 pages of regulations- so far- courtesy Obamacare that are responsible for the lack of consumer confidence. Or maybe its the $6.2 trillion that Obamcare will add to the deficit.
Or maybe its the payroll tax increase, high gas prices or heres another funny one: Maybe its semi-automatic, high capacity debt ceiling negotiations that are damping down confidence by consumers, small business owners and the rest of us who drive on Elizabeth Warrens government-built Trail-of-Tears.
Or maybe this is where the jobs are going, via National Review:
At an aviation conference today, the founder and CEO of FedEx suggested that he would not be able to create his delivery company in todays regulatory climate. Frederick Smith, who started FedEx in Arkansas in 1971, told Fox Newss Bret Baier that his company is a creature of the government getting out of the way of business because regulations in the transportation industry were steadily rolled back after he founded it, which allowed his company to grow.
I dont think theres any question about the fact that its much more difficult to start an industrial company today, Smith added. The regulatory environment is very tough today.
Naw. Its much more likely that its those awful, evil, terrible Republicans, who insisted that the federal government, finally, miraculously and grudgingly cut the governments budget by 2 percent who are causing jobs to dry up.
None of that ever happened before these budget cuts, right?
employers added an anemic 88,000 jobs
87,000 of which were probably minimum wage jobs.
It's probably more the impact of Obamacare - that is a giant wild card in figuring costs of employees.
That’s what the Libs always said when Unemployment was 5% under G.W. Bush. There were jobs, just not the right kind of jobs.
That 4.0 GDP growth under Bush was also terrible as I recall.
The result was Pelosi and Reid taking over in 2007. The Media did their job, just as they are doing it now.
“There were jobs, just not the right kind of jobs.”
We really have to return the term “McJobs” to the public discourse.
Bump to J Ransom.
After the democrats take back the house everything will turn around. /s
Excellant as always.