The US jobless rate fell unexpectedly to 8.6% the lowest rate since March 2009. For the next month we are going to be treated to a barrage of Obama lies, spin and rhetoric about how this is proof that his terrible economic policy is turning around the economy and why he deserves another four year in The White House.
Of course the Liar in Chief will neglect to mention the real facts behind this short term small drop in the jobless rate. Hiring always surges somewhat this time of year as retail business hires a great deal of temporary employees for the Christmas shopping rush. These are only temporary jobs and most will be out of work again in January or February.
In addition to the Christmas temp hiring the report states that 315,000 people have left the work force which also causes the rate to drop because the number of workers available for employment has dropped. 315,000 more workers have given up looking for non existent jobs in the Obama economy.
If one takes into account the actually number of workers no longer looking for work and add that to the 8.6% still looking the real unemployment number is closer to 16% or 17%. This too will never be mentioned by Obama as he spins the new numbers as proof of his ,"success," in improving the economy.
When the numbers rise again in January and February as the temp workers are let go and back in the unemployment line, Obama will either be quiet about unemployment, blame Republicans or the, "evil, rich employers," who are refusing to hire as the reason for the surge in unemployment. When the reality is, this is Obama's economy. Its failure is a result of his failed economic policy, massive failed stimulus spending and left wing agenda which stifles business and kills employment!
Ken Taylor
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