How has the U.S. economy done in the 12 months since Seal Team 6 double-tapped OBL? I size up the data in my New York Post column:
… the economy has grown just 2.1 percent. With growth so miserably slow, it’s no wonder worker take-home pay, adjusted for rising prices, has been flat over the last 12 months. (And over the last two years, for that matter.)
Sure, the unemployment rate has dipped to 8.2 percent today from 9 percent back then. But that’s only because Washington number-crunchers quit counting some 1 million unemployed Americans who’ve finally called off their job hunts. If the official size of the labor force was the same as in May 2011, the unemployment rate would be 8.8 percent.
Consider: In the 11 quarters of the spending-led Obama Recovery, the economy has grown 7 percent total, creating 3.9 million jobs. Unfortunately, if we’re going to restore the job market to the state it was in back in 2007, before the financial crisis, it will require the creation of 14.8 million jobs in today’s terms, according to JPMorgan. A daunting task to say the least.
Oh, by the way, during the first 11 quarters of the tax-cut-led Reagan Recovery of the 1980s, the economy grew 18 percent, more than twice as much as during the Obama Recovery, creating a whopping 9.4 million jobs.
I can’t speak for all business people they can tell their story. I own 4 building material warehouses in Ks, Ok, Tx. I walk around all day wanting to throw up everytime I hear something on the news. Last weekend to show the country the annointed one knows how to lead I mean campaign he is going to pay for student loans by taxing small businesses. He did not even flinch. Then going to work I listen to msnbc so I will throw up early & try to getit out of the way.They said how he was pro small business. He really doesnt get it. I just hope and pray we can come back. We have already downsized & it is now becoming the new normal. Our business on a national level is down over 50%. They are telling us we will probably only ever get back 25%. He has not done anything meaningful to help the business community. He looks at us like your teenage son or daughter looks at you needing gas money. You know the look. They had an agenda I’m talking him and her, their only problem is community advisor & wife of community advisor don’t get you very far when combined both IQ’s don’t add up to room temperature. Pray this guy doesn’t get re-elected. You will remember me saying this when unemployment gets to 13% figuring it the U-3 way. BO is trying through his stupidity to destroy this country. God bless our country & and pull Mitt for Preezy
There is no doubt that we should better build schoolrooms for “ the boy,” than cells and gibbets for “the Man” learn to get a degree from High Speed Universities article in few months and get a job
All the class rooms in the universe will not replace parents, family, church and community. More money into the current educational system simply results in more uneducated graduates who will still end up in jail. How many more years of unacceptable results purchased at exorbitant costs will it take for the lydiadangerfields among us to learn what they were not taught when younger? Can these old dogs learn new tricks?
Steve