Saturday, January 9, 2010
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As the US workforce shed yet another 85,000 jobs in December, only one thing kept economic experts from declaring this to be a "jobless recovery"...and that's the fact that along with the joblessness, there doesn't seem to be a recovery, either.
Many experts do agree, however, that the policies of the Obama administration and the economic uncertainties associated with the Democrat's healthcare bill are combining to actually kill jobs in unprecedented numbers.
In fact, over 3.2 million jobs have been lost since the alleged "stimulus bill" was passed, and the only reason the unemployment rate is currently shown at 10% instead of 17% or more is because the "Hope and Change" administration no longer bothers to count the unemployed who have given up all hope and stopped looking for work. But the news isn't all bad. The government has been on a huge hiring spree, and nearly 1-in-5 government workers now earns $100,000 or more a year!
On second thought, maybe the news is all bad.