Unemployment at 7.6%

[Saltie]

On its face value that sounds great doesn't it? After 5 years in office with jobs as his number one priority, the president and his administration have gotten the unemployment rate down to 7.6%, but what's the reality?  Since President Barack Obama was first inaugurated in January 2009, 9,460,000 people have dropped out of the labor force. A record 89,967,000 Americans were not in the labor force in March, that is an increase of 663,000 from the 89,304,000 Americans who were not in the labor force in February.

The main stream media, which is a wing of the Democrat re-election team, will spin the numbers that isn't it great that we added 88,000 new jobs in March. We added 88,000 and just last week lost 380,000 jobs. How is this an improvement.

What's causing the continued bad employment numbers? What has changed? OBAMACARE. Small business is being forced to reduce employment hours or simply lay off employees because all the regulations make it very hard for them to stay in business.

Imagine where we could be if we elected a businessman? This is only going to get worse, but you won't be told that anywhere on the MSM.

 

 

[ProblemAgain]

oh and by the by....i haven't seen conservatives do a f'ing thing to reduce unemployment..in fact they seem to be seeking to layoff as many as possible and demand more work from fewer workers...remember the republican answer to unemployment was to do away with the equal pay acts and minimum wage laws?? great idea,....cut the salaries of bachman et al by 50 per cent....

[exedir]

There is much to blame and many involved to point fingers at, but this economy won't be solved by government.  What has to be involved is confidence, incentives and a will to take risks that will create jobs and that has to do with both how Wall Street and Main Street feel about what is going to happen.

We are now coming through the "Spring" crisis with little done to cause either great enthusiasm or great consternation of what the US economy will be like in the next 12 to 18 or so months.  The Continuing Resolution has funded the feds until the end of September and with the budget proposals already presented there appears to be little interest in getting real with the budget and kicking the can down the road is being setup again.  As we move into late spring congress is tied up with social issues of gun control and immigration that will push any discussion on the budget, spending and taxes into fall with serious third-rail issues that will make the 2014 campaign positions which means nothing until the shifting of the entails of the November results, November 2014 that is.

As to the economy, waves are still running against job creation with the implementation of the Affordable Care Act the next impediment to risk taking.  And yes, there is, of course, world events that include North Korea, Syria and Iran, further EuroZone instability is also a continuing story that impacts what risks investors want to make.