Obama Fails on Jobs (Overseas and Campaigning Most of the Time)--Wolf Blitzer, Liar, Part II

Yes, President Obama has LOST 2.5 million jobs since he took office. The unemployment rate not only went UP to 9.1% in May, but this is the WORST level in four months. We added very few jobs in May---not enough to even come close to handling the jobs needed to stay even. The "explanation" is that the Associated Press is right (for once), and that the unemployment rate is really 11.5% (meaning that more lpeople wo have given up lookng for jobs raise the unemployment rate when they "reappear" in the job market). Yes, the monthly employment figures---soft and questoniable as they are--came out today, ad the news was BAD (as expected by me from the terrible economic news this week and in prior weeks---see yesterday's articles, and this week's blog articles).


What is the Obama reactio? You already know that from partisan political hack, and LIAR, Wolf Blitzer. See last night's article. The Obama reactioni is that we are "headed in the right directioin", even though recent economic news has all been headed in the WRONG direction. Q.E.D. Wolf Blitzer is a liar and political propagandist, which is true of all of CNN (The Liar Network). It is lucky you are already boycotting CNN, without even realizing you are doing so, as it saves me the trouble of calling for such a boycott. Boycott YAHOO instead--fully as bad as CNN in its relizaance on propaganda from the despicable Associated Press.


Again, see my article last night, and articles this week, on whether we are really "headed in the right direction", even though the economy is not crfeating enough jobs to stay even, and even hought the housing market is at its LOWEST ebb (yes, as low or lower than in the WORST of the recession, even if credit is a little easier to get, as the government continues to interfere in both the credit and housing markets to disastrous effect).


Ben Bernanke has been promoted to the WROST failure in the history of world finance (promoted from second worst failure). The Federal Reserve has made a recovery IMPOSSIBLE by "quantitative easing" (printing money), which is largely responsible for the rise in gas prices, in other commmodities, and in FOOD prices.


As I have told you in previoius articles, and now am proven correct, we have a huge poblem created by Obama, Democrats and the Federal Reserve. We have an overwhelming debt that we cannot handle. To keep interest rates from spiralling out of control Bernanke has printed money. That eventually SHUTS DOWN the economy, as people get hit by INFLATIION in the things they need to exist (even as the "bottoom line" inflation number conceals it). As the economy WEAKENS, and the Fed acts, interest rates go down and those high commodity prices come down a LITTLEW. But the moment the economy shows any signs of picting up, there is an immediate ACCELERATION in the same things that shut down the economy in the first place. Q.E.D. It is IMPOSSIBLE to have a real "recovery" here. That is why the only real economic "growth" was in the second half of 2009. Since then, the economyh has SPUTTERED. Obama's 862 billion dollar "stimulus" plan did nothing but make a real recovery impossible (the "recovery" in the second half of 2009 already being in process before the "stimulus" could have had any effect). Thus, we only had 1.8% "growth" last quarter--really zero, or less, when yu take into account inflation in oil, energies, commodities and food, and take into account that the Fed is directly subssidizing banks and Wall Street with printed money.


No, we are NOT "headed in the right direction". As I stated last night, you might as well argue that the fact we are better off now than in the DEPTS of the Great Depressioni, as argue that we are better off now than in the DEPTS of the recession. If we were not at least a little better off than in the depts of the recession, then we would already be in a depression . The problem is NO RECOVERY. For 25 consecutive months, the unemployment rate has been essentially at 9% or ABOVE. Yes, the rate "ticked down" to 8.9% and 8.8% the two months previious to April, but the neext two months have shown that to be a FALSE indication of where we really are. Remember, the unemployment rate FELL from 9.5% to 9.4% in July of 2009, and we were already in a supposed RECOVERY at that point (as shown by better GDP growth the second half 9f 2009 than at any time since). In other owrds, since the "recovery" began in full swing, there has been NO IMPROVEMENT in the unemployment rate. That has NEVER happpened over this legnth of time since World War II.


Right direction? Is black white? As of now, the evidence is overwhelming that we are headed in the WRONG direction. Yes, this could change, as the monthly and weekly figures bounce around (partly because they are not the concrete, objective figures they are reported to be). June might well see an apparent "improvment", IF the weather gets better AND Japan improves. But even those things could be offset by events in the world, and the housing market disasster. In other words, the prediction game is a fool's game on a month-to-month (or week--to-week) basis. Over time, however, the Obama Administration has FAILED to make a real recovery possible, and has probably made a real recovery IMPOSSIBLE. Saying that we are not YET in a depresson--which is all Obama is really saying, although with asserting we have him to "thank" for that--is hardly very convincing.


By the way, do you realize that when Obama takes credit for the "bailouts" of banks, Wall Street and big business, that it was PREWSIDENT BUSH (to his discredit) who really came up with those policies? Obama is merely continuing the BUSH politices. In fact, the FIRST FAILED STIMULUS was lthe Bush/Obmaa/Democrat "stimulus" of 2008, which did us no good at all. Do you also realize that Obama---far from being outside of Washington--was part of the Democratic MAJORITY in Congress that got us into this mess. Democrats took control onf Congress in January of 2007. It took them a year to COLLAPSE the economy. Obama was part of that majority. Thus, Obama policies--also Bush politices in those last two years of the Bush Administration--have FAILED for FOUR and ONE HALF YEARS, and not for just two and one half years (not counting the same policies of big spending and ever mor Big Government in effet even while Repubicans were in control of the government).


P.S. No proofreading or spell checking (bad eyesight makng it effectively impossible for me, for which I blame President Bush--hey, if Obama can do it so can I). Is it not interesteing that Obama now acts like he was not part of the government that was there when our economy COLOLAPSED? Is it not even more interesting that Obama is still following the same course: acting like he is not PART of any problem until he thinnks he can claim "credit" for some result that he basically claims to have had no direct part in. And people like Bill Maher have a problem with the virgin birth of Jesus!!!!!!!!