Posted on 08/31/2009 8:43:18 AM PDT by bs9021
Whither American Jobs?
by: Bethany Stotts, August 31, 2009
Since the start of the recession in late 2007, American jobs seem to have gone the way of the wind. According to the Bureau of Labor Statistics August report, unemployment has increased by 3.3% since December 2007, with a loss of 6.7 million “payroll employment” jobs since the same month.
Could the current Administration’s labor policies, and not just deficit spending, be exacerbating the recession? On August 25, Former Labor Secretary Elaine Chao criticized the Obama Administration for hindering job creation.
“The Department of Labor is not usually a department that many conservatives gravitate to, and I think that’s a shame because the Department of Labor is one of the largest regulators in the federal government,” she said at the conservative Bloggers Briefing. “In fact, the Department of Labor is one of the biggest regulators of our economy,” argued Chao, asserting that the role government regulations play in “dampen[ing] the rate of job creation” was “one of the most critical points you all need to take a look at when you look at the actions of this administration.”
“Not only is it spending at the fastest rate in recent history, this government is also coming out with the largest number of regulations, both of which will have impacts, adverse impacts on the vitality of our recovery and also the rate of job creation,” she asserted.
In addition, Chao argued that the Obama Administration was ignoring federal legislation by abridging comment periods for new regulations. “At the start of this Administration, we have found that this Administration basically is bypassing the Administrative Procedures Act,” she argued....
(Excerpt) Read more at campusreportonline.net ...
Whether unemployment is 10% or 16% it’s a problem that Baraq is gonna have a very difficult time explaining away in Nov 2010.
It has only just begun. Printing TRILLIONS of dollars and watching unemployment skyrocket will DO NO GOOD for Obama and will only serve to further expose the fraud!
But....There will be GREEN JOBS to offset these losses!!!!
.........Oh, wait.
You Betcha!
We are all waiting...and waiting....and waiting..
P.S. In the meantime?
More like..........Wither American Jobs.
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