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It must be just me. I see today’s U.S. Bureau of Labor Statistics (BLS) monthly job report reflecting an increase in the unemployment rate from 7.8% to 7.9% as another stake in the heart of America’s unemployed struggling to find work and ultimately to find their way back to a normal life again.
The October numbers indicate the U.S. is not on the right track with another month added to the string of months of unacceptable high unemployment and weak growth the last four years. I must be a real Brenda Bummer to be incapable of being happy with the October jobs news.
Add to this the BLS September new jobs report reflecting the unemployment drop to 7.8% was revised down earlier this week to reflect an almost 50% decrease in new jobs originally reported. This has not been in the headlines, but even so, millions of unemployed Americans are left wondering, “Are you kidding me?”
In its pressrelease today, the BLs notes, “the unemployment rate was essentially unchanged at 7.9 percent.” Whew, how many unemployed or underemployed Americans are happy to hear this? Is the new employment reality for them to simply have an attitude of being grateful the unemployment rate did not go down, but it did not go up more significantly?
We have seen the main stream media in the tank for President Obama’s reelection throughout this election season, so no one would be surprised to see them spinning the “unemployment increase” in a positive way.
- USAToday’s headline reads “Analysis: Evenat 7.9%, mostly good news for Obama.”
- Reuters headline reads “U.S. jobsreport may help Obama in tight election race.”
- NYT’s headline reads "Latest JobsReport Shows Persistent Economic Growth.”
- Yahoo! News’ headline reads “October’ssolid jobs report – and what it means for the presidential rate.”
CBS News seems to be straddling a line of being liberal but wanting to report more on the line lately with some actual coverage of the truth around the September Libyan terror attack the past couple of weeks as well as their headline today on the October’s jobs report - “New jobsreport, same spin.”
The bottom line is the unemployment rate is higher than it was when President Obama took office, and the economy remains at a standstill and is not in a true recovery. Millions of Americans are unemployed, underemployed, have given up, and are struggling like never before in their lives. No amount of understatements or positive spin from the BLS or main stream media outlets can take that sting away
No amount of “too little too late” from the President can either. Obama started a new reelection strategy position on the stump this week saying he would create a “Department ofBusiness” in his second term.
Does anyone believe at this point in the game Obama’s new DOB would be any different than the current President’sCouncil on Jobs and Competitiveness? They have met once in 2012 on January 17 and three times in 2011. I do not think anyone could see this as a group that has been “focused like a laser beam on job creation” for Americans. The irony of having it chaired by General Electric CEO Jeffrey Immelt, an exporter of jobs to China, is not lost on many.
Would the new DOB hold a more business friendly philosophy than the current Environmental Protection Agency (EPA), Department of Justice (DOJ), and the U.S. Department of Labor (DOL) under Obama in his first term? Ask The Boeing Company or the U.S. coal industry in general.
Is there any problem facing America Obama does not believe is best solved by more and bigger government? Can the U.S. even afford more bureaucrats and departments with trillion dollar annual deficits as far as the eye can see?
Aren’t bureaucrats that do not understand private sector business a big part of the problem? Aren’t government positions filled by academia and those that have not worked in the private sector a bigger part of the problem?
Perhaps a president who does not understand the private sector and demonizes business success is the biggest part of the problem – along with an insulated government industry and a bubbled main stream media industry that are not affected by the recovery that never happened yet.