PreviewThe people shape their own destiny
-- either as free people or as slaves.

If they remain self-reliant, they stay free.
Ever expanding state power destroys lives.

Government panacea is a defective idea.
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Monday, December 8, 2014

More happy face recovery

"Total nonfarm payroll employment increased by 321,000 in November, and the unemployment rate was unchanged at 5.8 percent."  (BLS.gov)

Employment increased, but the unemployment rate was unchanged.   Statements like this make is clear that the official unemployment rate is political rather than an economic indicator.

You can feel it in the air; the actual economic picture is unchanged and uncertain.  The civilian labor force participation rate hangs at 62,800,000, up by 100,000 since September.  The graph gives a more accurate picture  of the muddle through economy we are having.

At the beginning of 2014, the economy found a bottom and it is staying there.  Big government micromanagement is clumsy and inefficient.  The people are still suffering from the damage the control-freak Democrats did years ago.  You should note the Democrats are in control of the Senate for another two weeks, and in control of the Presidency for another 2 years.)

Its going to get worse in 2015.  Obama and his henchmen in the EPA have promised to impose new regulation on industry that is estimated to add more than $350 billion dollars cost per year -- some estimates put the cost nearly a trillion dollars per year, and cost more than 442,000 jobs.  This ought to be a crushing blow.  Obama is working well for enemies of the United States.

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