Dismal August Jobs Report Comes Out. Where is this Economic Improvement We’ve All Been Hearing So Much About?

This wasn't the change America signed on for

Whenever you see a movie about some dystopian future with society still intact, there’s always the beginning that illustrates what has gone wrong and signs of the trouble the world is facing. The movie always begins with a montage of news channels with various reporters saying things like, “In other news today, the Dow Jones continued on it’s downward plunge and the housing market continues to be in the gutter. Unemployment is above 8% for the 43rd straight month as 23 million are still looking for work and not finding it. Furthermore, gas is still over $4 a gallon, leading analysts to speculate that economic recovery just may not happen any time soon…”

It has recently occurred to me that with President Obama at the wheel, we currently find ourselves not too dissimilar from the characters that suffer an economic crisis in a dystopian future. And he wants to keep his job?

The White House reported yesterday the latest job report for August. The report stated that the economy saw 96,000 jobs added last month. The expectation was for 125,000 jobs to be added. While the report tried to put a positive spin on that number, it comes with a serious asterisk; while 96,000 people did join the workforce last month, 368,000 were dropped from the calculations as they have been out of work for so long, they are considered to have left the workforce.

The White House, which is apparently located in La-la Land, tried to play up the number by saying,

“Today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression. It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007.”

Seriously? Continuing to recover? The unemployment rate hit 8.3% in August and today it was announced that with the 96,000 jobs added, the unemployment rate dropped to 8.1%. However, can you really claim success when your number drops because things have gotten so bad that 368,000 people have given up looking for work? Can we really count that as a victory?

Furthermore, how can the Obama administration honestly declare that our economy is continuing to recover when the average number of jobs added each month in 2011 was 153,000 and this year’s average monthly jobs addition is down to 139,000? As 139,000 is less than 153,000, I think basic arithmetic indicates that things are getting worse, not better.

The New York Times, The Washington Times, The Washington Post and even The Huffington Post had nothing nice to say about the disappointing jobs report. The biggest cheerleaders for the Obama Campaign had to admit with varying levels of enthusiasm, the disappointment in the jobs growth for August. These are the same people that try to spin Eric Holder as a “victim” of a witch hunt. If even they couldn’t put a positive spin on this, Obama is truly in trouble.

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6 Responses to Dismal August Jobs Report Comes Out. Where is this Economic Improvement We’ve All Been Hearing So Much About?

  1. Jim Varney says:

    I have to say that I am glad that I am retired and do not have to be out there looking for a job. I am a retired Fire Captain and my pension is well protected by the Police and Fire Retirement of NYS. Now that said I feel sorry for the young people today trying to find a good paying job that has a future with it. The work force has no gaurantees today. Pensions have no protection and medical plans for retirees have been taken away from them. I feel the republicans should be jumping all over this with all the figures counting all the people that have ran out of unemployment or gave up looking for work. Jobs use to be a career with security and pensions but not any more. It’s a sad state of afares what is happening in this great country of ours at the hands of the democratic socialist form of government that Obama wants.

  2. Larry Clutz says:

    The unemployment rate is a victory for Obama. This is exactly what he wanted to change. A higher unemployment rate equals more government benefits. More benefits, more wealth redistribution. The more redistribution the more voters. How can anyone not see what they are giving up to for the government benefits.
    Look at it like this.
    On a mountain top, there is a herd of wild hogs running free. The (Government) puts out some corn, along with a peace of fence, the hogs gobble it up. The next day more free corn, with another side to the fence. Love those government freebies. The next day more free corn and a 3rd side to the fence. Can we get health care? The next day even more free corn the hogs are so busy gobbling it up the don’t notice the 4th side of the fence and all the freedom is gone. Now they can eat and get their freebies when the government says they can.

  3. Todd Christensen says:

    You are ignorant.

    • barru says:

      No, Todd, you are ignorant

    • Marie says:

      No, you are. Is that the best argument you can come up with? When you Obummer worshipers are at a loss for a common sense response, you resort to name calling. How can anyone have an “adult” conversation with someone so “mature” that you resort to name calling. You guys claim to be so “tolerant”, but the truth is you can’t stand an intelligent opinion that doesn’t align with your liberal views.

  4. Horseflesh says:

    Just cause the Government is tasked with doing whats in the peoples best interest doesn’t mean thats what they will always do. Theres a darkside to every person place thing and institution. There are truely greedy sociopathic narsassistic people in power who DO NOT GIVE A FUCK , just cause u might doesn’t mean they do. Remember the best trick the DEVIL ever pulled was convincing every1 he didn’t exist.

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