Where are the jobs?

Townhall.com ^ | February 18, 2012 | Bob Beauprez

[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.

[Democrat_media]

The factories. The jobs. The technology, the money. Gone.”

Yes what you say is true, and that’s sad and scary

They destroyed the greatest nation ever. I am seeing the suicide of the U.S. Some realize it's bad but I guess because democrat Obama has borrowed so many trillions that these borrowed trillions give the illusion that we still have some civilization left. But that borrowing is just kicking the can down the road AND making the eventual collapse 1000x worse, Amazing that so many smart people even on this site don't realize that free trade is destroying America and our technology.( and that they are actually shilling for free trade and for communist China)
. Politicians are idiots and many sold us Americans and America out with this “free trade”. Roemer is running for president and the GOP nomination. He's saying the right things about China. but the media has hidden Reomer from the public. the media knows that free trade will destroy the U.S. and that's what he media wants.

[anglian]

How Latinos Won the Race Back to Pre-Recession Employment

The Atlantic ^ | February 6, 2012 | Derek Thompson
Although Latinos make up only a seventh of the population, they have “racked up half the employment gains posted since the economy began adding jobs in early 2010”, the Los Angeles Times reported this morning. In 2011, the trend accelerated. Of the 2.3 million jobs added in 2011 according to the Household Survey of the Bureau of Labor Statistics, 1.4 million, or 60 percent, were won by Latinos.
http://www.freerepublic.com/focus/f-news/2843097/posts

[Nowhere Man]

The only reason I am "better off" is that my car has managed to run well (Ford) and I quit spending as much in restaurants and on stuff. In the past two years I have taken on an additional duty and I LOVE the work. Outside of the poorly run unit at my company, I pretty much need to wait for someone else to retire or die to get the full time positions. And then I am competing with the good people in the poorly run unit. Prior to 2009, there was usually one of these positions open quarterly in my company and between the local "competitors" there was always one of these positions open.

I'm not better off myself, maybe one exception. We had to cut back ourselves and I'm trying to pay off some debts down and get rid of them. There are nights I eat soup for dinner. I was better off in 2008. My exception, I did get a newer car, a 1999 Blazer, although my father had to help me a lot on that one. AS in some cases, it is better to bide some time in your job and wait until something bett4er comes along. I'm looking for a better job myself, at least I'm working so I'm not panicking, but it is very hard out there and we are generally doing better than most of the country here in the Pittsburgh area. We took our hits but we are oe of the few areas doing relatively OK.

[Democrat_media]

Great cartoon. It shows exactly what is going on.

[P.O.E.]

Propaganda tactics work best among the dumbest. This guy probably couldn’t give you one fact or extended thought.