Obama's accomplishments, unemployment, jobs lost, redefining terms
Nancy Morgan , Bio and Archives--August 10, 2009
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"The reason is simple -- the number of people who stopped looking for work rose dramatically. 637,000 additional people no longer consider themselves looking for work. This is by far the largest drop in the number of people who consider themselves in the labor force during the last year - almost twice the 358,000 increase in the people who left the labor force during June."Using Lott's calculations, our actual unemployment rate stands at 16.3%, not the trumpeted 9.4%. Obama would have us believe this is good news. Our president would also have us believe his claim that the $1.2 trillion health care reform proposal is just the ticket to jump start the economy. (Hey, didn''t he just say he already jump started the economy?) I digress... Now I'm not an expert, but I question how adding unsustainable debt to a record deficit to supposedly fix a non-problem is going to deliver us from financial Armageddon. But Obama says he can add 12 million illegal aliens and app. 25 million uninsured Americans to government health care rolls and this will somehow result in cost savings. Oh, and despite his own words to the contrary in 2007, Obama now assures us that the public option proposal most assuredly won't put private insurers out of business. Whew. Since we all know Obama doesn't lie, Americans will, once again, just have to accept the word of our Organizer in Chief. Hey, he's entitled to some slack. After all, he just ended the war on terror.
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Nancy Morgan is a columnist and news editor for RightBias.com
She lives in South Carolina