Sunday, March 11, 2012

Jobs Data: Reelection Optimistic Exuberance

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Roanoke Times, 3-10-12, Pg 1: Jobs data indicate recovery taking root
Obama touting job growth in Virginia.
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Job growth in Virginia is in spite of Obama, not because of him! Yet more Obama plagiarism (taking credit for the work of others). Virginia has a business-friendly government, Virginia has a balanced under-control budget, Virginia has reasonable and prudent taxes, Virginia is a right-to-work state, and Virginia has lots of “one-percenters” who are investing in Virginia’s economy.
Absolutely none of these important attributes can be credited to Obama and his minions.
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Obama’s claims about jobs and recovery are indeed interesting.
According to Obama the US added 227,000 jobs in February.
HOWEVER:
The Labor Department revised the prior week’s first-time claims applications to 354,000.
The number of people continuing to collect jobless benefits rose by 10,000 in the week ended Feb. 25 to 3.42 million.
Those who’ve used up their traditional benefits and are now collecting emergency and extended payments increased by about 26,800 to 3.4 million in the week ended Feb. 18.
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http://www.bloomberg.com/news/2012-03-08/initial-unemployment-claims-in-u-s-increase-more-than-forecast-to-362-000.html
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The net jobs data Obama neglected to share was plus 227,000 but minus 354,000.
And the unemployment rate of 8.3% and the underemployment rate of 15% are a major national challenge.
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To make a real improvement to jobs and economic growth Obama and the Congressional Democrats need to pass the pro-growth bills passed by the Republican members of Congress that now are languishing in the Democrat Controlled Senate; Click for a partial list:
http://roanokeslant.blogspot.com/2011/12/capitol-hill-productivity-slides.html
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http://roanokeslant.blogspot.com/2011/10/obama-campaigner-and-manipulator-in.html
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http://roanokeslant.blogspot.com/2012/01/obama-we-dont-need-no-energy.html
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