Thursday, February 11, 2010
Obama promotes his job loss strategy
The White House is claiming jobs growth of 95,000 per month on average in 2010.This from the same group that has claimed the stimulus saved between 1.5 to 2 million jobs.That's a nice round estimate.Makes you wonder how they can claim the stimulus put 42,640 Michiganders back to work.Exactly 42,640.Sure thing.
Even if you buy into that line of bull,the new projections have a problem.We need to create,not save,at least 125,000 new jobs each and every month just to keep up with the birth rate and immigration into this country.So,Obama is telling you that despite the original stimulus package and the upcoming jobs bill,he can't create enough jobs just to keep up with our growth rate.30,000 short every month means 360,000 added to the unemployment roles this year.Of course,it's not calculated that way and the problems the Bureau of Labor Statistics has with it's forecasting models are well documented.
By dumb luck,he has taken office with a census taking place so he'll be able to fudge the numbers with the temp workers involved in the census this summer.Normally,we see an increase in the unemployment number around April every year to account for discrepancies in the BLS models.We'll see if the census workers can offset that this year.Any salvation is only temporary as the factors against growth are stacked up and getting worse with each day that we continue to follow our anti-business policies.Be forewarned,D-day is coming.Maybe not this year,but we have to account for our staggering debt and Obama is not taking any steps to do so.All of the toxins in our system that we've heard so much about won't just evaporate.They must be flushed out.We can delay the pain,but we can't avoid it.More to come...