Posted on 02/18/2012 7:03:08 AM PST by Kaslin
Three years ago yesterday Barack Obama signed his $800 billion Stimulus into law in Denver, Colorado.
He said would save or create 4 million jobs and that the unemployment rate would be below 6% by now. He failed.
Obama’s spending didn’t stop with the Stimulus of course. In fact he’s piled up more than $4 trillion of new debt during his first three years with more than a trillion of additional red ink expected this year.
Still the question remains, where are the jobs? Today more than 13 million Americans that want a job can’t find one. Another 4 million Americans have given up even trying to find work. Five million jobs lost in the recession have yet to return. This has already been the deepest and longest lasting recession since the Great Depression. Barack Obama squandered trillions of dollars and American’s still wonder, “Where are the jobs?” he promised.
The following graph is courtesy of the House Republican Study Committee (RSC). It charts the steep decline of the Labor Participation Rate (LPR) from January 2005 to the present. The LPR represents the number of people employed or looking for a job out of the total age-eligible workforce. It is an indication of the confidence level in the state of the economy. It’s not a very encouraging picture, and yet another serious indictment of the failed policies and wasteful spending of this Administration.
From the Republican Study Group:
Democrats said their costly plan ($1.2 trillion, including interest) would “save or create” up to 4 million jobs and bring the unemployment rate down to about 6% today. The unemployment rate has not fallen below 8% at any point in the last 36 months. Furthermore, the official unemployment rate does not actually count unemployed people who have given up looking for work.
The above chart shows the “labor force participation rate.” This statistic represents the share of working-age Americans who are either employed or unemployed but looking for work. It is not a pretty picture. Only 63.7% of working-age Americans are currently in the workforce – the lowest in almost 29 years!
To put it another way, 36.3% of working-age Americans do not have a job and are not even looking.
It makes a person want to sing the blues (to “Where is the Love” by Roberta Flack).
Where are the jobs
you said you’d give to us
as soon as Bush was gone
will it ever be
Where are the jobs?
You said you didn’t love those Marxists
And you had told them all goodbye
But if you really didn’t mean it
Why did you have to lie?
Where are the jobs
You said was ours all ours
Till the end of time
Was it just a line
Where are the jobs?
If you had planned to kill free enterprise
I wish that you had told us so
Don’t leave us hangin’ on the promises
You’ve got to let us know
(insturmental)
Oh, how I wish we’d never met you
I guess it must have been our fate
To elect a foreign agent President
All we can do is wait
(That’s all I can do)
Until you’re out of office
Where are the jobs?
Where are the jobs?
Where are the jobs?
Where are the jobs?
(fade out)
“We are living on debt.”
Only for a little more time...
“We are living on debt.”
Only for a little more time...
That’s right. It can’t last for too much longer.
“Free trade” has squandered our national inheritance.
All of it.
The factories. The jobs. The technology, the money. The military budgets. Space program.
Gone.
All of it.
The factories. The jobs. The technology, the money. The military budgets. Space program.
Gone.
That's true. Obama has borrowed 5 trillion to buy more china products and to pay for the healthcare of 40 million illegals. Outsource Obama and make things in the U.S.A again.
Obama says:”I'll borrow 10 trillion my 2nd term ,send the rest of our manufacturing base to China. It didn't work my fist term but trust me it will work this time” And the media and democrats shill for him.
We are living on debt.”
Only for a little more time...
That’s right borrowing trillions more now instead of reducing government spending will only make the U.S. collapse a thousands times worse than Greece’s. Then the liberals/democrats government checks won’t be worth squat.
“That’s right borrowing trillions more now instead of reducing government spending will only make the U.S. collapse a thousands times worse than Greece’s. Then the liberals/democrats government checks won’t be worth squat.”
This is why the FR is trying so hard to spark inflation. Essentially transferring the debt to the responsible members of society.
If we had legitimate economic growth we might have a chance. But despite the propaganda their is no growth. If the economy grew at 1.7% (their figures) and the inflation rate is 3% (again their figures and likely much higher), the economy actually shrank.
Plus we currently have the captain of the exxon valdez at the helm....
Where are the jobs? They are in China. Jobs have been on the exit lane during both administrations. Bush making China a preferred permanent favorite trading partner put job exporting on steroids. It’s not ‘regulations’, ‘high taxes’ or other smoke screens. It’s cheap labor that produces the incentives. Americans have to either live with 3rd world wages and living conditions to exist in a world-wide economy or find a way to equalize the wage differential.
“Free trade” has squandered our national inheritance.
All of it.
The factories. The jobs. The technology, the money. The military budgets. Space program.
Gone.”
Yes and that’s sad and scary. Politicians are idiots and many sold us Americans and America out with this “free trade”.
The jobs remain in China.
End of story.
Now when consumption picks up, China’s employees benefit, not U. S. employees.
Our recover is sluggish because of this. Who knew?
Well, there are thousands of jobs in Newt’s Energy Plan alone.
Well, there are thousands of jobs in Newt’s Energy Plan alone.
The answer is simple, immediate and effective:
Import tariffs.
Significant import tariffs. Perhaps 100% - enough to actually drive decision makers to make the decision to build things in the United States of America.
Tariffs which will effectively incent making things here, and will bring in tariff revenue we can replace taxation with.
Lower taxes. American jobs. Sorry anyone who simply insists on buying imported crap will pay more at Walmart.
Aww.
People who buy things made in America won’t pay more. That’s how things should have been all along.
Build it here. Grow it here. Drill it out of the ground here.
Or pay a tariff.
You got that RIGHT.
The NEXT bubble to EXPLODE will be the CREDIT BUBBLE.
I believe it will make the housing bubble look small by comparison.
Obama has sent most of our manufacturing base to China. Obama then borrows trillions from China to buy more china products, pay for the healthcare of 40 million illegalsChina devalues their currency to steal our manufacturing base. Then China secures U.S. debt to keep U.S propped up and buying more China products.
We are living on debt.
Obama, Bernanke, Geithner - The Three Stooges of the financial world.
Not only do they have us living on borrowed money, they are borrowing money to pay the interest on the money they borrowed last month to pay the interest on the money they borrowed the month before that ......
The important piece of information that isn’t charted on that graph is passage of Obamacare in March 2009. In facts, hiring had started & then tanked again right after that.
Every Republican running in every state, county or city should be stating that repeatedly. Jobs will not come back until Obamacare is repealed!
That cartoon most ably captures the reality of the situation now.
“In the Peoples Republic of China.”
We have a winner!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
