Obama, Spike This: 9 Percent Unemployment

Posted by on May 8, 2011 8:15 am
Tags: , , , , ,
Categories: Featured Entries

The Obama Victory tour rolls on and will roll into Texas next week at Fort Bliss, near El Paso. For someone who didn’t want to “spike the football” in celebrating the demise of you know who, President Obama sure has got his end zone dance going on. Hey everybody, Tango Down!

In the midst of the Won’s celebration we got some new unemployment numbers and yep, unexpectedly, the number spiked to 9%. There sure seems to be a lot of unexpected and unintended results to Obama’s policies. Actually, they are not unexpected to most conservatives but man-o-man the dinosaur media is constantly surprised disappointed. Could the mainstream be wearing a little thin trying to rush in with excuses for the bad numbers? Not so much. What was I thinking?
.

Listen to the AP:

The Labor Department says the economy added 244,000 jobs last month. Private employers shrugged off high gas prices and created 268,000 jobs — the most since February 2006.

The gains were widespread. Retailers, factories, financial companies, education and health care and even construction companies all added jobs. Federal, state and local governments cut jobs.

The data suggests businesses are confident in the economy despite weak growth earlier this year.

Well now, business is suddenly enthused and putting folks to work. So, how come the unemployment number spiked? Well, if you listen to the smart people that’s because folks without a job got all excited and started looking again. Huh? Yeah, I know, it’s fuzzy to me too but that’s the best they can come up with because dealing with these big numbers is complicated. Or something. If you can’t dazzle them with the numbers then baffle them them with bullfeathers. Or something.

Bottom line, unemployment is tragically high but there’s a silver lining in there somewhere. Right? Guess so because even the conservative Washington Times is pimping good news:

Long-term joblessness among those out of work for more than six months — which has been a particularly big problem since the Great Recession — actually declined by 283,000.

Please. Nearly 300,000 chronically unemployed suddenly found work? How many 99ers finally maxed out and fell off the rolls. Or maybe they became new-hires at McDonalds and Home Depot. You remember they announced their hiring spree last month. Have you ever heard of such a joint announcement before? Chrony capitalism is all the rage. Wait a minute . . . the LA Times wants you to know that the 62,000 new McDonalds employees hired in the middle of April wont count until May.

Confused? Well, I told you this stuff is complicated.

9 responses to Obama, Spike This: 9 Percent Unemployment

  1. EastBayLarry May 8th, 2011 at 11:43 am

    Same old story, unemployment is up again, but it’s really good news.
    Wednesday May 11, 2011 I will ‘celebrate’ 4 years since my last full time job. The government unemployment numbers have not counted me since early 2009.

    Now there’s some numbers to think about…

  2. streetwise May 8th, 2011 at 12:36 pm

    Retirement is another factor largely ignored by the media. When the financial crisis broke, many boomers contemplating early retirement delayed their plans. Now the first sliver of boomers, born in 1946, is now 65- full retirement age. The recovery in the stock market may now rekindle the plans of somewhat younger boomers.

    So if you were an unemployed boomer living on unemployment and drawing on the nest egg while trying to find another job, or doing contracting, you may well decide to pack it in, take Social Security and take the Winnebago down to Florida.

    • texasgalt May 8th, 2011 at 1:23 pm

      I had not thought of that. I wonder how many of the Boomers are participating in the market these days.

      I’ll say again it’s amazing how the media is trumpeting the job growth. ON FOX this morning they were extrapolating the latest number through the summer of 2012 and guess what? We’ll be UNDER 8% unemployment.

      Color me doubtful.

Leave a Reply