Friday, April 6, 2012

Job Numbers Are Pitiful

It's interesting how news organizations put a jobs spin on their headers. This morning the jobs numbers came in for March. A radio dude announced that 120,000 jobs had been created. For folks who haven't yet received a GED they might say, "Shucks, that's great". Further analysis tells us the White House expected 240,000 jobs to grow the economy. What this number tells us is that unemployment dropped from 8.3% to 8.2%. If my calculations are correct this means it's down one-tenth of one per cent. What a joke. Do you know what these jobs numbers are comparable to? Let's say I played Major League baseball and got one hit in 500 at bats. That's some kind of jobs record isn't it? The real story is, and you won't hear this from the MSM is the actual unemployment hovers between 14-16%. People who have just given up looking but aren't counted as unemployed for some silly reason. E.g. My golfing buddy had 30 years in as a salesman for Anheuser-Busch but lost his job when the company was sold to the Dutch. He's 55 years old and quit looking for work. This guy is talented but he's 55 years old and is considered non-hireable even though he's brilliant.
The current administration has an excuse for these numbers, according to economic adviser, Gene Sperling: "Blame it on the Republican congress", he said this morning.
Let's go back to school a few years. When the Dumbocrats held both Houses of Congress and the stimulus and Re-Invest in America programs were initiated how did that work out for us? Billions of dollars went into the toilet that's how. We were promised that if Obama's stimulus was passed unemployment would go under 8%. During Bush II's term unemployment was at 5%(considered to be full employment) and he was chastised by the NY Times for running a terrible jobs program.
Obama jumped into the jobs fray yesterday saying he's had to clean up the mess left him three and a half years ago. What a wuss. Barack H. Obama leads the world in excuses. My old coach, Mr. Paar, used to say, "excuses only satisfy the ones who give them". And he was right.

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