Monday, December 5, 2011

Unemployment 8.6%: Deceiving or For Real

The unemployment dropped to 8.6% in November from 9.0% the previous month. Don’t let the numbers fool you.  This one month decrease does not signify a recovery and we must view this with skepticism.  We have to look inside the numbers.  In November 312,000 people stopped their job searches as compared to the 120,000 positions that were created, and were no longer counted as unemployed. That contributed to the drop in the unemployment rate. The number of new unemployed still tops 400,000 most weeks.  So many people have stopped looking for jobs that it makes the rate look better.  There are still over 13 million Americans unemployed and that should tell you everything.  Only 64% of the people eligible to work are currently employed.

Obama will tell you that the new numbers are an indication that the economy is recovering, the strong job numbers prove this and that his policies are working. This is farthest from the truth. This President has done everything you do when you want to kill an economy. There so many factors to be taken into consideration when looking at the alleged recovery. The main stream media will try to convince you that everything is fine. It’s not. This is just an anomaly and nothing else.

Let’s look at the big picture and then you can decide for yourself.  We are all for seeing people back at work and providing for themselves and their families, but this President is still doing nothing.  In recent weeks we have heard from many CEO’s who are afraid of what is happening.  They have blasted the president in growing numbers.  They are not investing and they are not hiring because they are do not know where this economy is going. 

They see a national debt that has ballooned in the past three years from $10 billion to $15 billion.  This takes money away from the private sector and stalls growth.  Let’s not also forget that more than half the jobs added last month were by retailers, restaurants and bars which typically hire additional employees for the holidays.  But that’s the tip of the iceberg.

In the past few months we have seen Obama delay the XL pipeline which would have created over 20,000 new jobs not to mention the 700,000 additional barrels of oil a day, “delayed” due to additional “environmental” concerns.  The real reason is Obama wants to wait until after the election to decide is all political. Another 200,000 Ohio based jobs would have been created with the activities of the Utica shale reserve which was also blocked by the Obama Administration. He is also blocking oil production in the Gulf which would also create thousands of jobs that were lost during the BP oil spill.  

Obama pledged that he would create 5 million new “Green Energy” jobs.  Pelosi promised 800,000 new jobs with Obama Care when in fact 800,000 health care jobs will be lost when the bill becomes fully implemented in 2014.  This is only a fraction of the jobs that Obama promised us when he became President.  In fact this country has lost 2.9 million jobs since the stimulus bill was signed and the unemployment rate has not decreased below 8%.

Do not be fooled by what is going on.  It is Obama’s strategy to turn this country into a vision of his socialistic ways where everyone is either working for the government or dependent upon government.  Let’s do what needs to be done to reverse this trend. We need to get people back to work in the private sector permanently. This is no time to be lulled into a false sense of security with the decrease of the unemployment rate in November.  Numbers can be deceiving and this sums up this presidents record in job creation. It is non-existent and we won’t be fooled again.

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