Today’s news has been dominated about *jobs.* Or should I say the lack thereof. Obama has apparently not been living in the White House for the last couple of years but on Fantasy Island.
Unemployment numbers today increased to 9.2%. This is simply an unacceptable number and only indicates more the turnaround we need in this economy. As we trudge through this battle, let’s do some examination, both present and past.
Below is a look at employment today versus what it was in January of 2009.
Quite a difference here.
- The unemployment rate increased 0.1 percent to 9.2 percent while the labor force participation rate declined to 64.1 percent.
- The report shows a staggering reduction of 445,000 in employed workers.
- The labor force participation rate fell to 64.1 percent, the lowest level since 1984.
- For women 20 or older, the participation rate fell to its lowest level since 1996.
- There was also a surge in the number of unemployed individuals who have been unemployed for less than five weeks.
Most of the key items on the Presidentâ€™s agenda raise business costs and discourage expansion, such as…
- The health care reform legislation raises the costs of employer-sponsored health insurance;
- The new financial regulations make accessing capital difficult for smaller businesses;
- The pending Environmental Protection Agency (EPA) regulations of carbon dioxide and coal-fired power plants will raise the cost of energy;
- The promised tax increases on successful businesses discourage entrepreneurs from taking risks on new ventures; and
- Obamaâ€™s activist National Labor Relations Board (NLRB) seeks to foist unions on employers and employees, despite the fact that unionized businesses create fewer jobs.
But apparently Jay Carney, Obama’s White House spokesperson feels the American public doesn’t “analyze those numbers.” Maybe not everyone but this writer is confident those who are out of work most certainly do.
From the House Oversight and Reform Committee, these are a few of Obama’s tweets from his Twitter Town Hall yesterday:
Flashback to April 2010, Obama at a Celgard plant in Charlotte, N.C. which makes parts for batteries where he said “we are turning the corner” on jobs.
â€œToday is an encouraging day. We learned that the economy actually produced a substantial number of jobs instead of losing a substantial number of jobs,â€ he said. â€œWe are turning the corner.â€
And Biden drank the kool-aid in 2010 and said:
“All in all we’re going to be creating somewhere between 100[,000] and 200,000 jobs next month, I predict,” Biden said, according to a pool report, adding that he “got in trouble” for a job growth prediction last month. “Even some in the White House said, ‘Hey, don’t get ahead of yourself.’ Well, I’m here to tell you, some time in the next couple of months, we’re going to be creating between 250,000 jobs a month and 500,000 jobs a month.”
Americans aren’t buying your “recovery summer” Mr. Obama. Put them back to work. Allow drilling in the Gulf and elsewhere. Allow Boeing to build their aircraft unimpeded in South Carolina without any nooses around their necks. Embrace capitalism, the tenet this country was founded on. Don’t punish the entrepreneurs and send them overseas with your unrealistic and choking regulations.
The weather is *hot* Mr. Obama, but you’re the only person who can take the *heat* for this.