Another Month of Data Re-Confirms Obama’s Horrible Record on Jobs – Daniel J. Mitchell – Townhall Finance Conservative Columnists and Financial Commentary

Another Month of Data Re-Confirms Obama’s Horrible Record on Jobs – Daniel J. Mitchell – Townhall Finance Conservative Columnists and Financial Commentary.

Remember back in 2009, when President Obama and his team told us that we needed to squander $800 billion on a so-called stimulus package.

The crowd in Washington was quite confident that Keynesian spending was going to save the day, even though similar efforts had failed for Hoover and Roosevelt in the 1930s, for Japan in the 1990s, and for Bush in 2008.

Nonetheless, we were assured that Obama’s stimulus was needed to keep unemployment from rising above 8 percent.

Well, that claim turned out to be quite hollow. Not that we needed additional evidence, but the new numbers from the Labor Department re-confirm that the White House prediction was wildly inaccurate. The 8.2 percent unemployment rate is 2.5 percentage points above the Administration’s prediction.

Defenders of the Obama Administration sometimes respond by saying that the downturn was more serious than anyone predicted. That’s a legitimate assertion, so I don’t put too much blame the White House for the initial spike in joblessness.

But I do blame them for the fact that the labor market has remained weak for a lengthy period. This chart, which I just generated this morning on the Minneapolis Fed’s interactive website, shows employment data for all the post-World War II recessions.

The current business cycle is the red line. As you can see, some recessions were deeper in the beginning and some were more mild. But the one thing that is unambiguous is that we’ve never had a jobs recovery as anemic as the one we’re experiencing today.

Job creation has been extraordinarily weak. Indeed, the 8.2 percent unemployment rate actually masks the bad news since it doesn’t capture all the people who have given up and dropped out of the labor force.

By the way, I don’t think the so-called stimulus is the main cause of today’s poor employment data. The vast majority of that money was pissed away in 2009, 2010, and 2011.

Today’s weak job market is affected by things such as the threat of higher taxes in 2013 (when the 2001 and 2003 tax cuts are scheduled to expire), the costly impact of Obamacare, and the harsh regulatory environment. This cartoon shows, in an amusing fashion, the impact of these policies on entrepreneurs and investors.

P.S. Click on this link if you want to compare Obamanomics and Reaganomics. The difference is astounding.

P.P.S. Obama will probably continue to blame “headwinds” for the dismal job numbers, so this cartoon is definitely worth sharing.

P.P.P.S. Since I’m sharing cartoons, I can’t resist recycling this classic about Keynesian stimulus.

Blog: Labor Department Declares War on Phantom Discrimination – American Thinker

Blog: Labor Department Declares War on Phantom Discrimination – American Thinker.

Chuck Roger

“Pay discrimination continues to plague women and people of color in the workforce,” claims  Patricia A. Shiu, a member of President Obama’s National Equal Pay Enforcement Task Force. There is some difficulty with the claim: an utter absence of data proving that the stated problem is an actual problem. Ms. Shiu has committed a logical error common to ideologues–declaring something true because the ideology dictates that it must be true.

Lower pay plagues women the way in which they are plagued by a slower climb up the corporate ladder due to spending less time climbing in favor of spending more time birthing and caring for youngsters. But any intelligent discussion of genetically-programmed behavior is wasted on gender fairness zealots.

Liberals have decided that alleged pay discrimination must be fixed. And Shiu has a proposal, but not a proposal for a fix, a proposal to “[gather] better data, which will allow us to focus our enforcement resources where they are most needed.” Shiu adds, “We can’t truly solve this problem until we can see it, measure it and put dollar figures on it.”

Oh-oh, did Shiu really say what it appears that she said? Our government needs data to decide how to solve a problem which it believes must exist but which current data suggests doesn’t exist? To better comprehend this technique, imagine one of those glassy-eyed alternative medicine gurus grinning at you with that air of enlightenment, channeling “chi” through his gall bladder meridian, and saying, “I know that what I am telling you is true. Knowing is enough for me. When simply knowing becomes enough for you, then you too will have found enlightenment.”

Labor Secretary Hilda Solis supports Shiu’s plan to generate data that defines a problem which liberals have already declared a problem. Solis proclaims, “Today, almost 50 years after the Equal Pay Act became law, the wage gap has narrowed, but not nearly enough. The president and I are committed to ending pay discrimination once and for all.”

Now we feel the love.

Our Messiah-in-Chief once promised to stop the rise of the oceans. We await the stoppage. Once and for all, naturally-occurring climate phenomena will be forbidden to act naturally against Homo sapiens. With the Labor Department’s promise to eliminate women’s inborn desire to birth and raise children instead of jockeying for the board room, we will also wait with bated breath as Ms. Shiu, Ms. Solis, and Mr. Messiah deliver us from other nefarious natural laws.

Ah, the smell of liberal sanctimoniousness. Smells like victimhood.


A writer, physicist, former high tech executive, and Cajun, Chuck Rogér invites you to sign up to receive his “Clear Thinking” blog posts by email at http://www.chuckroger.com/. Contact Chuck at swampcactus@chuckroger.com