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Monday, September 7, 2015

Unemployment isn't working

The administration released the unemployment figures last Friday.  They claimed unemployment was at on 5.1%, an historic low. 


How does the Bureau of Labor Statistics, a government department, publish the obvious happy face unemployment rate and in the same report mentions the labor participation rate which show low and falling employment, stated as a percentage of the whole population.  How is it possible to have a declining labor force participation (fewer people working) and a declining unemployment rate? 

The answer is - It Isn't.  Someone is so distorting the truth about Obamanomics that it amounts to a lie.  The truth is the United States has not had such a low labor participation rate since 1978.  The current "unemployment rate" is an imaginary figure dreamed up by politicians who owe their allegiance to the present political regime.  Meanwhile millions of Americans suffer.

The Left claims corporations are to blame for unemployment, which is a difficult position given that the administration claims such a rosy employment picture. Why the divergence between reality and the giant mentalities of the administration?

50 years ago President John Kennedy stated, "The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus."  Obama wants to tax America.  Obama knows that increased taxes increase unemployment and misery, so he and his gang of economic thugs just imagine that it ain't so.

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