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scottw · 07-10-2011, 07:35 AM

July 10, 2011
Progressive Unemployment
By Clarice Feldman

The great political philosopher P. J. O'Rourke said, "You can't get rid of poverty by giving people money." If anyone doubted that, the present inhabitant of the White House has proven it by tossing away trillions of dollars on projects that had no lasting effect on eradicating poverty, creating employment, or improving the nation's purse or infrastructure. Indeed, his initiatives have increased unemployment, will continue to do so, and must be reversed if we are ever to get back on track. He has given us all a clear picture of the devastating effect progressive policies have on employment.

As the week drew to a close, the President and his advisers surely were gasping at the figures. It is what my friend Rick Ballard calls Wreckovery Summer. Most especially 9.2 percent unemployment, a figure significantly higher than what we'd been led to believe, and a figure higher than the 8 percent we were warned we would face if we didn't open the doors of the treasury to create those promised "shovel ready "jobs. Jobs which today the President laughingly admits were not exactly shovel ready.

As Bloomberg reports:

"U.S. employers added 18,000 workers in June, less than forecast and the fewest in nine months, while the unemployment rate unexpectedly climbed, indicating a struggling labor market." Plus this: "The so-called underemployment rate - which includes part- time workers who'd prefer a full-time position and people who want work but have given up looking - increased to 16.2 percent from 15.8 percent."

Both Obama and his party look like fools or liars. Just last year, then-Speaker of the House Pelosi promised if we passed ObamaCare we would create 400,000 jobs almost immediately.

I'd say she is an economic nincompoop, but for the fact that in the past few years her already lavish financial holdings increased by 63%. Alas, for some reason her economic genius seems to work only for herself and her family.

But, she was certainly not alone in peddling the snake oil Obama was producing. His vice president Joe Biden also promised voters a booming economy. Just last April he said:

"All in all we're going to be creating somewhere between 100[,000] and 200,000 jobs next month, I predict," Biden said, according to a pool report, adding that he "got in trouble" for a job growth prediction last month. "Even some in the White House said, 'Hey, don't get ahead of yourself.' Well, I'm here to tell you, some time in the next couple of months, we're going to be creating between 250,000 jobs a month and 500,000 jobs a month."

"We caught a lot of bad breaks on the way down," Biden added. "We're going to catch a few Friday' good breaks because of good planning on the way up."

"good planning"??

good planning produces 18,000 jobs a month rather than as many as 500,000 jobs a month guaranteed by the assistant dumbass...I wonder what constitutes "bad planning"?

07-10-2011, 07:35 AM	#1
scottw Registered User iTrader: (0) Join Date: Nov 2007 Posts: 12,632	Progressive Unemployment July 10, 2011 Progressive Unemployment By Clarice Feldman The great political philosopher P. J. O'Rourke said, "You can't get rid of poverty by giving people money." If anyone doubted that, the present inhabitant of the White House has proven it by tossing away trillions of dollars on projects that had no lasting effect on eradicating poverty, creating employment, or improving the nation's purse or infrastructure. Indeed, his initiatives have increased unemployment, will continue to do so, and must be reversed if we are ever to get back on track. He has given us all a clear picture of the devastating effect progressive policies have on employment. As the week drew to a close, the President and his advisers surely were gasping at the figures. It is what my friend Rick Ballard calls Wreckovery Summer. Most especially 9.2 percent unemployment, a figure significantly higher than what we'd been led to believe, and a figure higher than the 8 percent we were warned we would face if we didn't open the doors of the treasury to create those promised "shovel ready "jobs. Jobs which today the President laughingly admits were not exactly shovel ready. As Bloomberg reports: "U.S. employers added 18,000 workers in June, less than forecast and the fewest in nine months, while the unemployment rate unexpectedly climbed, indicating a struggling labor market." Plus this: "The so-called underemployment rate - which includes part- time workers who'd prefer a full-time position and people who want work but have given up looking - increased to 16.2 percent from 15.8 percent." Both Obama and his party look like fools or liars. Just last year, then-Speaker of the House Pelosi promised if we passed ObamaCare we would create 400,000 jobs almost immediately. I'd say she is an economic nincompoop, but for the fact that in the past few years her already lavish financial holdings increased by 63%. Alas, for some reason her economic genius seems to work only for herself and her family. But, she was certainly not alone in peddling the snake oil Obama was producing. His vice president Joe Biden also promised voters a booming economy. Just last April he said: "All in all we're going to be creating somewhere between 100[,000] and 200,000 jobs next month, I predict," Biden said, according to a pool report, adding that he "got in trouble" for a job growth prediction last month. "Even some in the White House said, 'Hey, don't get ahead of yourself.' Well, I'm here to tell you, some time in the next couple of months, we're going to be creating between 250,000 jobs a month and 500,000 jobs a month." "We caught a lot of bad breaks on the way down," Biden added. "We're going to catch a few Friday' good breaks because of good planning on the way up." "good planning"?? good planning produces 18,000 jobs a month rather than as many as 500,000 jobs a month guaranteed by the assistant dumbass...I wonder what constitutes "bad planning"?