Posted by Andrew Roman on June 4, 2010
And just think … ObamaCare hasn’t even taken effect yet. And the Bush tax don’t expire until after this year.
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.
Note to the President: Why not have a census every year? We’ll be down to 8.5% unemployment quicker than you can say, “We are the ones we’ve been waiting for.”
Posted in Big Government, Economy, Unemployment | Tagged: 9.7% unemployment, census workers, economic recovery, job growth, jobs, Obama economy, public-sector jobs, recession, stimulus bill, Unemployment | Leave a Comment »
Posted by Andrew Roman on April 13, 2010
From the, “No, Really?” file …
The Washington Times is reporting today that real personal income in the United States has dropped 3.2% since Barack Obama became the Big Cheese fifteen months ago. (It’s only been fifteen months?) This figure excludes government payouts (e.g., Social Security, food stamps, welfare in general) – all the things Democrats rely on to keep a sizeable chunk of the citizenry dependant and, thus, in their corner.
Not that it should actually come as any shock to anyone.
“This is hardly surprising,” said Douglas Holtz-Eakin, an economist and former director of the nonpartisan Congressional Budget Office. “Under President Obama, only federal spending is going up; jobs, business startups, and incomes are all down. It is proof that the government can’t spend its way to prosperity.”
Joseph Curl at the Washington Times points out that when the Messiah was still a mere campaign-trail cliché machine, the soon-to-be President “often derided (President George W.) Bush for what he said were dramatically falling incomes for workers.”
“American families, since George Bush has been in office, have seen average family incomes go down $2,000,” Mr. Obama said in a September 2008 speech on the economy in Green Bay, Wis.
It isn’t my wont to rain on people’s parades, but an insertion of the truth right about now seems to be in order. Real income increased almost 13% during the eight years of Bush – which included an inherited Clinton-era recession and the attacks of September 11, 2001.
I can almost guarantee you won’t hear that coming out of Obama’s mouth.
The bureau, which doesn’t compile statistics on “family” income, reported that per capita income rose during Mr. Bush’s two terms, from $29,159 to $32,632 (using 2005 dollar values as a base). During Mr. Obama’s 15 months in office, per capita income has dropped nearly 1 percent to $32,343.
It must be a plot.
In fact, it probably wouldn’t surprise anyone to find out that a certain well-organized segment of the population – specifically the racist, caucasion-loving, diety-digging anti-Obama ranks – have voluntarily taken pay cuts, or agreed to leave their jobs altogether, in order to make the President look bad.
No one on the left would put it past them.
Just one question for the President and Crew: How exactly does increasing taxes help this situation?
Posted in Big Government, Economy | Tagged: 3.2% drop, Bad economy, Douglas Holtz-Eakin, drop in American income, Obama economy, real income, recession | Leave a Comment »