Posts Tagged ‘Unemployment’
Obama: American people too ‘skittish’ to realize economy is recovering
Someone needs to explain to President Barack Obama one key phrase – “It’s the economy, stupid.” This axiom seems to have fallen on deaf ears within the administration as today Obama blamed ‘skittish and nervous’ Americans and the ‘trauma’ that came before he took office. Stagnant unemployment. Exploding debt. An expanding deficit. An analysis released by [...]
Quick hit – The unemployment numbers behind the reasoning for change
Doing some browsing around today I somehow ended up on the Bureau of Labor Statistics website. On there was some pretty compelling evidence to indicate that the failure not only of the Democrat-led national government but also those that work within our state. Certainly the national unemployment rate makes the headlines. President Barack Obama and [...]
Latest stimulus failure – $111 million spent, 55 jobs “saved or created”
This falls into the “You can’t make this stuff up” category. The failure of the so-called stimulus plan has been well documented and there are plenty of examples. The latest, courtesy of the city of Los Angeles, is the revelation that after spending $111 million, a mere 55 jobs were “saved or created.” The $814 [...]
467,000 more Americans join the unemployed with no end in sight
The latest unemployment numbers from the Labor Department provide sobering numbers and continue to be a referendum on President Barack Obama’s economic policies. Yesterday it was announced 467,000 more Americans joined the ranks of the unemployed in June as the unemployment rate shot up to 9.5 percent – a rate not seen since 1983. Adding [...]