Economy Recovered?
Monday, February 6th, 2012Unemployment is down according to the media, so we should all rejoice and praise Obama. But what is there to be overjoyed about? The rate is only down by a miniscule amount and unemployment still hangs around the 8% line. These unemployment numbers released by the government should always be taken with a grain of salt.
For the past three years the federal government has not been honest about the unemployment rate. When it was around 9% according to them, it was probably closer to 11% or 12%. But Barack Obama and the Democrats needed us to believe that his stimulus package was working, when it truth it has crippled the economy causing it to stagnant.
The government only counts people who are recently unemployed. They stopped counting those who have been out of work for over six months, have given up looking for a job, and the amount of people forced to take part time jobs instead of full time work. There are also a lot of people who manage to find temporary work. But when it is over, they are back in the unemployment line. However, you won’t find them included in the latest unemployment statistic.
Even if unemployment is around 8%, give or take a few percentage points, it is still an abysmal number. The government claims that there were 240,000 jobs created last month. What they fail to mention is that in prior months we have probably lost three times that amount and that doesn’t include 2009 or 2010 job losses. The other thing the unemployment rate does not tell you is the rise in the cost of living. Even if the amount of people out of work has decreased, most have settled for low wage or part time work, when they used to have high paying, full time jobs. Add that to the increase in the cost of living. If you’ve bought gas lately, or groceries, you have probably noticed that prices have increased. In many places gas is around $4 a gallon and milk is close to $4 a gallon. Produce prices have gone up as well as the price of bread and eggs. Add this all together, Americans are not better off now than they were three years ago. But the Democrats and Obama want you to believe differently.
This is an election, so politicians will do anything to get elected, especially incumbents. Obama loves the perks of being he president. He won’t give that up. You can bet that he will tout the latest unemployment numbers as proof that his policies are working. Under Obama unemployment has reached and remains close to double digits, the economy has stagnated, consumers are spending less meaning they have little confidence in the economy, and the deficit has increased by $4 trillion dollars. What does it matter if unemployment goes down when the government spends money like water?
In truth, the economy is not on the road to recovery. People have little confidence in it and in their leaders. Prices on basic consumer goods continue to rise while the number of full-time well-paying jobs decrease Obama and the Democrats want us to settle with what we have, instead of striving to achieve better results.