Posts Tagged ‘unemployment rate’
With everything from the Kentucky Derby, to Cinco de Mayo, to the next tweet from Lindsay Lohan, keeping up on the economy takes focus. We’re so distracted by a plethora of side issues that it’s hard to focus on the real ones. Like the talking dog from the movie “Up” we can…
…get distracted. Allow me to pull you back to reality where we’re dealing with defective policies, excessive unemployment, and a stagnant economy.
Back in 2009, the Obama Administration predicted that today’s unemployment rate would be just over 5%. The president said his plan would save or create millions of jobs by increasing spending to the tune of $831 billion. That “stimulus” plan, with its shovel-ready jobs, failed miserably and became the laughing stock of his first term.
On Friday, the Department of Labor reported that the economy added 165,000 jobs in the month of April, while unemployment dropped slightly to 7.5%. The private sector added 186,000 new jobs, while government jobs decreased by 11,000. On the surface – and according to the media – this seems to somewhat resemble the “recovery” Obama described. They want us to believe this “recovery” has been consistent, the economy is growing, and unemployment is declining steadily – which is not the case.
Let’s look beyond the numbers, starting with this four-year low 7.5% unemployment rate. To be completely clear, the employment rate didn’t fall because of any uptick in hiring. Instead, it fell because frustrated Americans gave up looking for work. The number of Americans in the labor force has dropped to a record 63.3%. How does that 7.5% sound now?
Seemingly, this administration lacks the capacity to perform the task at hand. They still hope for recovery, but continue to pursue and implement bad policies. The economy should be number one, two, and three on the list of tasks for this administration. Instead, they’re focused on taking guns away from law-abiding citizens, giving morning-after pills to children, and pretending – again – that they’re going to close Guantanamo.
We’ve blinked and lost focus on the critical issues.
The “spring swoon” is in effect and we’ve got to pay attention. We can blame our distractions on the media for its lack of proper reporting, but what about the president? He has no excuse for his negligence and utter disregard for the real issues. Eyes front, Mr. President!