August
10, 2009
What's Cooking? Obama's Books!
Last
week the jobless rate was announced as 9.4 percent. The media went wild. The month
before, it was 9.6 percent. Not much of a change, but Obama claimed that it was
proof that the recession is over. Still, Obama tried to lower expectations saying
that the unemployment numbers will hit 10 percent. During his rush to pass the
"Porkulus" spending bill, he told us that unemployment would hit 8 percent,
if his stimulus bill wasn't passed immediately. It was passed so fast that no
one had a chance to read it and unemployment skyrocketed past his 8 percent prediction
to where it is today; and it isn't 9.4 percent. The true unemployment number is
now well over 16 percent. Obama is cooking the books.
If Obama truly believed
that the recession is over, there is no way that unemployment would continue its
rise at a rate only matched by Obama's falling poll numbers. The 9.4 figure he's
touting is really an increase. What's happened is that a hundreds of thousands
of unemployed people just had their benefits exhausted. They are no longer counted
as unemployed as they are no longer getting benefits. If they were counted, the
true unemployment figure would be well on its way to 17 percent!
At the same
time that Obama and the media were announcing the 9.4 percent figure and claiming
that unemployment was lower, the media also reported that the number of unemployed
were at a new record high. If the number of unemployed has increased, the percentage
can't be lower. What they are doing is cooking the books so badly that it smells
like someone had burned the popcorn. What they are doing is akin to having 100
people in a job market and 10 lose their jobs leaving 90 still employed. That's
an unemployment rate of ten percent. The next month there are 5 more jobs lost.
While the rate has slowed, there are truly now 15 percent unemployed. However,
this is Obama math and he's only looking at the 90 percent that had jobs and is
now claiming that there is only 5.5 percent unemployment.
No matter how much
Obama cooks the books, the reality is that we're on the verge of a new Great Depression.
Inflation is just starting to raise its ugly head. Gasoline prices have started
their creep upwards and so has food. Obama has printed trillions of phony dollars
and that is about to hit us like an economic tsunami.
Obama and the democrats
have created this economy. We had record growth and historically low unemployment
under George W Bush. That all started to change when the democrats took over control
of both houses of congress in 2006; when Obama was a US senator. It took just
about two years for them to cause economic damage and then Obama took only another
six months to destroy the American economy. He's not finished, yet. He wants to
control your very existence by controlling healthcare. If that happens, we'll
be looking at the death rate climb.
