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Obama Economy in Reverse – Jobless Rate Rises to 8.2%

The anti-business Obama Administration is seeing it’s policies damage the jobs market. After fudging the math by removing large numbers of out of work people from the count, the fuzzy math is proving to be too much to hide the dire condition of the US economy.

The figures for May 2012 were just released and the US created only 69,000 jobs – the lowest number in a year. This translated to an increase in the jobless rate from 8.1% to 8.2%.

So the Obama economy is officially going in reverse just as the election season gets fully underway.

The real unemployment numbers are far worse, some estimates approach 20% if you count the under employed and those who have simply given up.

Socialism, spreading the wealth, “green” energy and Obamanomics simply do not work.

Despite pumping trillions of dollars into the economy, there is no economic recovery, only more debt.

The fallout from Obama picking the winners and losers is showing. Obama has wasted over $5 million per “green” job of taxpayers money and most of that has wound up in the hands of his supporters as they managed to pocket millions as their companies filed¬†bankruptcy.

 


About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog. Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

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Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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