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Wow even the liberal media is starting to admit that their boy Obama can't get the job done. He's economic plan is a joke, its not working.
"It isn't supposed to be this way. After a recession, an improving economy is supposed to bring people back into the job market."
"Unemployment dropped for all the wrong reasons," says Craig Alexander, chief economist with TD Bank Financial Group. "It dropped because more workers stopped looking for jobs. It signaled less confidence and optimism that there are jobs out there."
Democrat operatives in the media are quickly spinning the bad economic news as the fault of the sequester, i.e. automatic government spending cuts. The excuses, however, are running out.
The data show the cuts had almost no impact on the job market. Although there will be some impact it will be minimal. The report is showing evidence that we’re feeling the effects of the recent payroll tax increases, as the retail sector shed 24,000 jobs.
The sector of the economy most impacted by government contracts, increased hiring by 51k last month, in line with previous growth. A pullback in government spending would likely have seen this sector shed jobs.
A liberal advocacy group found that a majority of jobs lost during the recent recession were in the middle range of wages, while a majority of those added during the recovery had been low-paying jobs.
7.6 million workers who want full-time work can find only part-time work, and their missing work hours do not count toward the official unemployment rate.
It was never supposed to work. The idea is to have an excuse for the Fed to continue feeding the big banks forever. They continue to grow while taxpayers and the poor fall further and further behind.
The actions being taken by the federal guv i.e. inflating the money supply, subsidizing unemployment, bailing out failed businesses , price controls, wage controls, discouraging saving, encouraging spending are all having the cumulative effect of stalling any real recovery, while creating unsustainible bubbles in isolated areas.
Non interference in the market is the best rx for the economy.
Maybe the AP should pick up Shadowstats which uses the pre 1994 method of calculating UE.
They put UE at about 23%.
Let's face the facts though, Obama or his minions will hold the presidency forever. In Geo Bush II, one of the worst republicans of all time, was the last republican president we will ever see.
With the acceptance of illegal immigration and ACORN type voting fraud we could see 75% unemployment yet democrats will still remain in power and idiots like Obama can golf on the public dollar.
When they crash hard, they normally come back roaring..
It doesnt take a rocket science to understand this isnt normal
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