If the economy continues to improve like this, we ought to reach “sick” by Christmas. Lucky us, the Messianic Age will be shifting into overdrive soon.
The “good” news, as peddled from the top, is: Unemployment is down (from 9.9% to 9.7%) and over 430,000 new jobs hit the books in May.
But numbers can be very deceptive.
Many Americans have simply given up looking for work all across Obamanation; And of the 431,000 jobs created, a little more than 90% of them were government census jobs.
Only 41,000 private sector jobs were created in May – about 150,000 less than expected.
The President, in Maryland (on his way to Louisiana), spewed optimistic: “This is the fifth month in a row that we’ve seen job gains. And while we recognize that the recovery is still in its early stages, and that there are going to be ups and downs in the months ahead – things never go in a completely smooth line – this report is a sign that our economy is getting stronger by the day.”
If he wants to see a “smooth line,” he ought to look at his poll numbers.
The President believes the economy is getting stronger by the day, but in May, private sector job growth dropped by 81% from the previous month.
I’d hate to see what “getting worse” looks like.
The sad fact is that the temporary census-taker jobs responsible for Obama’s “stronger economy” were literally unproductive. Nothing was created. The economy was not made stronger by paying temporary government workers to count people. Taking private money out of the economy and (in effect) redistributing it to government employees has stimulated nothing.
The creation of government jobs is never – repeat never – an indication of how well the economy is doing. How can it be? Private businesses haven’t the ability to print money. Private businesses haven’t the ability to expand the tax burden on the rest of us. With each government job created, that’s more private sector money being removed from the economy. While the private sector has the ability to create genuine wealth, the government only has the ability to confiscate and redistribute it.
That’s what the Obama Stimulus Bill was all about: creating government jobs.