How to Reduce Unemployment Without Jobs

The labor Department reported the unemployment rate ticked up from 7.8% to 7.9% in January.  Most of the media marched in lockstep with the White House, emphasizing the other headline statistic, 157,000 jobs created in January.  While not enough to keep up with population growth that number was, as the loyal reporters chanted, “moving in […]

Year 5 of an Historic Jobs Crisis Begins

Another month of anemic job growth as the weakest post-recession job market ever recorded grinds on. Employers added 157,000 jobs in January, fewer than needed to keep up with growth in the working age population and replace the jobs lost during the recession.   The unemployment rate ticked up from 7.8% to 7.9% and has hovered […]

Obama’s New Years Eve Duplicity

President Obama decided that New Years Eve, as the Senate was considering the fiscal cliff bill, would be a good time to mock Republican voters and the Representatives they elected.  So he organized a campaign style rally complete with a cheering audience of White House staffers.  He claimed the purpose of this media event was […]

Jobs: Political Happy-Talk Vs Grim Reality

The Obama Administration and its media friends proclaim good news without disclosing that it masks bad news. “The Employment Emergency is Over,” announced Reuters News Service when the December Jobs report was published.  The White House bragged: …the unemployment rate declined from 7.9 percent in October to 7.7 percent in November, the lowest since December 2008. But it […]

Politics Vs Economic Principles

At his news conference Wednesday President Obama insisted on tax increases for “the wealthy” a strategy that directly targets small and medium sized businesses that are most likely to create jobs.  He was reminded by a reporter that he had agreed in 2010 to give up fighting for tax hikes and keep all the Bush […]

Last Jobs Report Before the Election

Measured by President Obama’s own criteria, his economic initiatives failed.  The November jobs report was released Friday.  The unemployment rate ticked up slightly to 7.9%.  Compared with the President’s predictions and promises this number represents massive failure. As Barack Obama assumed office in January 2009 America was suffering from a severe recession.  Rahm Emanuel, his […]

ObamaNomics Vs The Little Guy & His Family

President Obama’s reelection campaign was based almost entirely on allegations that Mitt Romney was morally disqualified for office because he was “for the rich” while Obama was “for the little guy and his family.”  But since the first day of the Obama Administration it has been “the little guy” who needs employment, and his family, […]

Obama’s Only Jobs Boast Is a Jobs Failure

If you’ve heard a campaign speech by President Obama or Vice President Biden or you’ve heard their cheer leaders in the media, you’re familiar with the one employment statistic they bellow at every opportunity: Over the last thirty months we’ve created 4.6 million private sector jobs! They hope voters will think 4.6 million, the net […]

Unemployment Rate Is Much Worse Than It Looks

The September Jobs report published Friday by the labor Department was a deep disappointment. Only 96,000 jobs created in August, a pathetically small number, about a third fewer jobs than the monthly increase in the working age population. President Obama and his supporters, hoping for a positive response from recession weary voters, rushed to the […]

Obama Campaign Numerically Challenged

In an appearance on MSNBC Obama spokseperson Stephanie Cutter asserted that job creation during the Obama “recovery” from recession that began 28 months ago has been better than either the Bush recovery or the Reagan Recovery.  As a service to Ms. Cutter and the Obama Campaign we compiled the data from the Bureau of Labor […]

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