An Ol' Broad's Ramblings
Archive for 4 May 2012
Obama is a liar. His administration is made up of liars. There has been NO truth spoken about the economy, and no, this is NOT Bush’s fault! Dude, pull up your big boy pants, and admit it……. YOU SUCK! You have NO idea how to run a lemonade stand, much less the economy of the United States of America! Socialism does not work. It has never worked, and it will never work. Wake up people! If this is the “change” you were looking for, there is no “hope”!
Weak Economy Disappoints Again
Every day, America waits for a brighter future to arrive — the promise of change that President Barack Obama made in 2009 when he set a benchmark for his success on the economy, remarking, “If I don’t have this done in three years, then there’s going to be a one-term proposition.” More than three years later, very little has changed. As today’s jobs report shows, the U.S. economy only added 115,000 jobs in April — well below expectations and far, far below what is necessary to drive the economy back to full employment.
Lackluster employment results dominate today’s report. It’s been three years under the Obama policies, and 12.5 million Americans remain out of work. No demographic group except black workers saw an improvement in their unemployment rate, and 13 percent of black workers remain unemployed. What’s more, the labor force participation fell to the lowest level since 1981 at 63.6 percent. Americans are fleeing this economy when at this stage workers should be returning to the labor force.
This shouldn’t surprise anyone. While little has changed with the economy, little has changed in President Obama’s failed policies. Rampant federal spending continues unchecked; the debt continues to grow; a monstrous tax hike is set to hit Americans on January 1, 2013, infecting the economy with renewed and debilitating uncertainty, and the country’s energy policy remains in shambles.