Friday, November 2, 2012

Uptick or Stagnation?

The Obama press is making a concerted effort to give the latest jobs report a positive spin. The Huffington Post says, "U.S. Adds 171,000 Jobs As Unemployment Rate At 7.9 Percent." The MSNBC Obama Network gleefully proclaims, "U.S. Adds 171,000 Jobs As Unemployment Rate At 7.9 Percent."

If I were Mike Meyers I'd be very verklemmt at the moment. How can this be spinned as good news for the economy? President Barack Obama has had four years to turn this economy around and the best he can show for it is a 7.9% unemployment rate and a paltry 171,000 new jobs added to the roles since the last jobs report? This isn't something to be lauded or praised as a great accomplishment but every headline should be reading "Economy Remains in STAGNATION with a return UPWARD to the UNEMPLOYMENT RATE!"

That reality headline isn't anything you are likely to ever read from a liberal media that is so in bed with and invested so heavily for an Obama reelection. So, what we get instead is a very watered-down version of what is really happening and thankfully candidate Mitt Romney has called it for what it is. It would seem that Romney is the only person out there willing to live in the real world. After the release of this latest jobs report he correctly stated that the U.S. economy is at a "virtual standstill." Sadly, the majority of so-called news outlets are either ignoring this fact or relagating his comments to page 2 of their political sections while at the same time plastering their great lie all over their front pages. One thing is a reality: If this same kind of a jobs report appears during Romney's watch as President it's a guarantee MSNBC, CBS, ABC, Politico, The Huffington Post and CNN will plaster it all over every page of their media and be in non-stop conversation over the abject failure of the Romney economic plan from day one.

Numbers from the Bureau of Labor Statistics

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual

2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0

2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7

2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4

2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9

2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4

2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0

2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3

2009 7.8 8.3 8.7 8.9 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9

2010 9.7 9.8 9.8 9.9 9.6 9.4 9.5 9.6 9.5 9.5 9.8 9.4

2011 9.1 9.0 8.9 9.0 9.0 9.1 9.1 9.1 9.0 8.9 8.7 8.5

2012 8.3 8.3 8.2 8.1 8.2 8.2 8.3 8.1 7.8 7.9

Unemployment numbers in bold print reflect unemployment rates under President Obama's first 4 year term in office. They are the highest recorded in over 10 years. The left's great Satan and nemesis George W. Bush kept the rates below 7.0% during his 8 years as President. Sometime, the buck simply stops at your desk Mr. Obama, so stop trying to pass that buck.

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