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Old 11-02-2012, 01:53 PM   #74
lonestar
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Default Unemployment Is Up -- Will Obama Be Out?

Quote:
Unemployment Is Up -- Will Obama Be Out?

"No country upon earth ever had it more in its power to attain these blessings than United America. Wondrously strange, then, and much to be regretted indeed would it be, were we to neglect the means and to depart from the road which Providence has pointed us to so plainly; I cannot believe it will ever come to pass." --George Washington

Is Obama sunk?

The much-awaited and final pre-election Bureau of Labor unemployment numbers were released this morning, and, for what that malleable number is worth, the rate ticked back up to 7.9 percent, taking some of the wind out of Barack Obama's "road to recovery" rhetoric.

Though Obama will find a way to take credit for private sector job growth with his socialist "we've created jobs" mantra, the fact is that job creation is more accurately a reflection of how resilient the private sector is despite Obama's interventionist economic policies.

As you recall, a few weeks before the Republican Convention in Tampa, Obama declared, "The private sector is doing fine," and insisted that we really need more government [read "union"] jobs. His Senate lap dog, Harry Reid, reiterated, "It's very clear that private sector jobs have been doing just fine. It's the public sector jobs where we've lost huge numbers." Actually, it's the public sector that's "doing just fine." That unemployment rate has fallen precipitously this year, and is now just 4.2 percent.

And tell black workers that things are "just fine." Unemployment among blacks was 13.4 percent in September but jumped to 14.3 percent in October -- almost a full percentage point.

As more Obama supporters remove their heads from their, er, sandboxes, Obama's propaganda machine is running full steam, endeavoring to complete a colossal makeover to maintain his "jobs president" fašade in the remaining days of the campaign. That pig will require a lot of lipstick, given that four years of Obama's "stimulus programs" have produced 23 million unemployed or underemployed Americans and tens of millions more who are working but haven't received sufficient pay increases to even keep up with inflation.

Of course, (Memo to Mitt -- might want to mention that a couple times over the next few days.)

All of those economic indicators would be much worse if not for the aforementioned private sector resilience.

Read more of this on the Web at http://patriotpost.us/editions/15288/
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