Obama’s Economic House of Cards may be falling …
There has not been an economic recovery in America. You know it and I know it. What we have had is the illusion of recovery through an artificially propped up government economy.
Do you recall the “Recovery Summer” that wasn’t? It was the summer of 2010. After a trillion dollars or more in combined stimuli the recovery summer thumped to the ground like a leaf in the autumn chill and things have not improved much since despite media and Democrat rhetoric.
The Obama Administration and the mainstream media crowed over the unemployment rate dropping from 8.5% in December to 8.3% in January and bragged that, while still too high, the unemployment trajectory was heading in the right direction. But someone may have counted their chickens before they hatched.
Let’s set aside for a moment that we know the 8.3% unemployment number was bogus because they simply waved a magic wand and removed 1.2 million Americans from the available labor pool and take a look at this recent Gallup unemployment survey.
Here are the highlights:
Gallup Finds Unemployment Climbing to Nine Percent in February
By Matt Cover
February 20, 2012(CNSNews.com) – Unemployment in the U.S. rose to nine percent in mid-February, up from 8.3 percent a month earlier, according to a new Gallup survey. The polling company said this suggests that it is “premature” to assume the economy will not feature prominently in the 2012 election season.
The survey also found that “underemployment” – those unemployed and those working part-time because full-time jobs are unavailable – rose to 19 percent, up from the 18.7 percent Gallup found in January.
That decline was consistent with an economy struggling with weak growth and rising energy prices, Gallup said, making it “premature” to think that the economy would not be a major factor in November’s presidential elections.
“Although the government seasonally adjusts the U.S. unemployment rate, and the workforce participation rate could decline – both of which could drive down its unemployment rate – it still seems likely that the BLS will report an increase in the seasonally adjusted U.S. unemployment rate for February.”
Well, that does not bode well for Democrats, especially considering the amount of money they’ve pissed away over the past three years. I know one report does not a trend make, but that isn’t the end of the good news – oh no – there’s more.
US foreclosures edge up in January
Gas Prices Already At Record Highs For This Time Of Year
(From a year ago) Cheap food may be a thing of the past in U.S.
For boomers, it’s a new era of ‘work til you drop’
Keep your arms and legs inside the ride at all times girls and boys because it’s going to get bumpy.
