Unemployment Smoke and Mirrors

Unemployment Smoke and Mirrors

“A government big enough to give you everything you want, is big enough to take away everything you have.” (Thomas Jefferson)

Based on mainstream media reports and liberal pundit commentaries, one would think that America’s economy had turned a corner, that massive numbers of people were getting back to work, that the re-recession was over, that God’s in His heaven and all’s right in Obamaworld.

Much as all Americans would love to believe that rosy picture, it would be as accurate as believing Obama reveres the United States Constitution.

The Bureau of Labor Statistics released data on Friday showing that 120,000 jobs opened up in March and that the official unemployment rate declined from 8.3% in February to 8.2% last month, the lowest rate in over three years.

That was the good economic news, deceptively good and the only good news.

In point of fact, those 120,000 jobs represented a 107,000 decrease from February’s numbers and far less than the expected 205,000 and were the fewest jobs added in five months, people are leaving the workforce in droves with a record 88,000,000 now not employed at all, the Institute for Supply Management’s factory index was 53.4 in March, down from a high of 59.9 in January, 2011, and Americans are working fewer hours and earning less money.

If this is a recovery, what’s a recession?

CNBC’s voice of reason, Rick Santelli, . . .
(Read more at http://www.genelalor.com/blog1/?p=20864.)