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.