85,000 Jobs Lost in December, Unemployment Remains at 10%
The Bureau of Labor Statistics released its report this morning that shows employers cut jobs by 85,000 during the month of December and that the slight increase of 5000 jobs in November was indeed seasonal. Barack Obama can no longer use his “blame Bush” tactic to excuse himself and his administration from this indefensible catastrophe. Long-lasting unemployment can cause great suffering and have devastating effects on families. In our current state we have MILLIONS of family dealing with the strains of unemployment. But somehow how our government thinks it’s more important to waste time, energy and money at stopping unproven global warming by getting a huge (yet insignificant) number of cars off the road, among other misguided priorities.
We have great reason to be upset at the trillions of dollars that were spent by this government in the name of “stimulating” the economy. Instead the money was thrown at pet projects that have yielded an immensely low return on investment and have inflated our government.
Stimulate the Economy, Not the Government!
(quote from Mitt Romney)
The Wall Street Journal reports that the job losses were “higher than expected”. How many times have we heard that? It seems to be a recurring theme. Also from the WSJ article:
Fed officials have predicted the unemployment rate will average between 9.3% and 9.7% in the fourth quarter of 2010 due to a slow recovery.
Is that what a trillion dollars buys us? When real recovery happens, and it will, it will be because of the entrepreneurial spirit and free markets that exist in this country. How long that recovery takes to get here will most likely depend on how much the federal government disturbs the markets’ confidence by threatening job-killing legislation and increased taxes. The threat of the unknown is a great burden on our economy right now. Investors aren’t willing to use their capitol for business ventures (the source of jobs) when there is so much uncertainty in the air.
Solution:
- Take back congress in 2010
- Mitt Romney for President in 2012!
~Nate Gunderson
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Thanks for the article, Nate.
Yes, we do have a right to be upset.
Livid is more like it.
Where are the jobs?
Mitt was right.
If our government can’t prevent three uninvited guests from crashing a White House lawn party and is unable to connect-the-dots regarding a terrorist whose own father blew the whistle long and loud on him, how in the world can they WISELY manage, handle, oversee, distribute billions of confiscated dollars to supposedly create jobs?
Obama’s job stimulus?
Job stymieing.
Obama just graced America with six minutes on TV outlining his next idea to stimulate job growth.
He’s going to save the planet. He’s going to alter global warming. He’s going to reduce our dependence on foreign oil. He’s going to get America working again.
How?
Behold! The “Clean Energy Manufacturing Initiative.”
Our money from the stimulus fund (2.3 billion to be exact) will be used to bestow tax credits on the green manufacturing sector to build wind turbines, solar panels, and electric car batteries.
Hallelujah. The recession is over.
I should add that the green jobs created by the government initiatives are being created mainly in China, and not in the USA.