Economists and Obama’s Progressive team of dreamers, ideologues, and academics have been wrong about the economy from day one, to which I would say,, “had enough yet?” The May jobless rate rose to 9.1 %. I wonder, should we call Obamanomics a man-caused disaster?
pResident Obama and his team are strong on rhetoric (big hats & no cattle) and strong on job destruction! All these academics, people almost to the last one who have never created a real job are shocked, shocked I say that the economy isn’t recovering! We are faced with record breaking deficits, debt, and spending and this group is shocked! In what parallel universe do they reside? No, it’s the ideological blinders they wear that keeps them from seeing reality!
People are losing ground.
Food and gasoline prices are up. Wages are either down or stagnant. Only 54,000 jobs were created in May, not the 150,000 jobs that were projected; no, make that hoped for! American companies are firing people. In order to recover, we need to be creating 250,000 to 300,000 jobs EVERY month make a dent in the pool of 14 million unemployed. BTW, the Labor Department is also reporting that the atrocious weather we experienced had nothing to do with the lack of jobs being created.
The truth is companies large and small do not want to hire because they have no confidence in Obama and his team of economic hacks! Jobs are being eliminated in companies both large and small. The Wall Street Journal is reporting that, “The jobless rate, which is obtained from a separate household survey, unexpectedly rose to 9.1%.” The job rate unexpectedly rose, really? No, really?
Under Obama’s watch jobs have been destroyed in the Gulf and in the San Joaquin Valley (40% unemployment) with the help of the EPA and with outrageous over regulation. Virtually every job sector has shrunk and declined under Obama; hospitality. manufacturing, housing and home pricing, retail all down. But on the bright side, foreclosures and abandoned houses are up.
Here’s a shock, government jobs were also down in May. In fact, there are more government jobs that will be lost in the coming months because local and state governments, faced with their economic reality, will be forced to lay off workers in order to meet their state mandated balanced budgets!
One story the MSM isn’t reporting is the job growth in Texas for the last 5 years.
Texas created more jobs than the other 49 states combined! If you want a job move to Texas. Banks and businesses are booming. In 2010 while the rest of the country suffered,
the Dallas Federal Reserve noted this week that Texas exports rose 20.3% in the second half of 2009 and 7.6% in February 2010, Texas home sales are again on the rise, Texas retail sales have grown for eight straight months, and March job growth in Texas was twice the national rate (while the foreclosure rate in Texas is half the national pace.)
And why aren’t we hearing this story. The answer is simple, Texas economic policies are diametrically opposed to Obamanomics. Texas has a business friendly environment with lower taxes and intelligent business regulation.
HAD ENOUGH YET? HOW MUCH DESTRUCTION MUST WE ENDURE BEFORE THE FRAUD IN THE WHITE HOUSE IS EXPOSED?
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