THE 'OBAMA ECONOMY' IS DESIGNED TO DESTROY AMERICA!

Obama’s Economy

President Obama believes that his economic policies are working, which begs the question: What are the goals of his policies? If his goals have been job creation, leveling of the trade imbalance, and economic growth and stability, his policies have been a huge failure. If however, his goals has been the opposite, he is correct…they have been amazingly successful. Unemployment Touting the recent Labor Department report that 114,000 new non-farm jobs were created last month, bringing the unemployment rate down to 7.8 % (the level it was when Obama took office) Obama says this is evidence that his policies are working and that, “We are moving forward again.” Using a more traditional model, the actual unemployment rate stands at approximately 15%, and is by no means demonstrative of Obama’s policies putting people back to work. Mitt Romney has been right to criticize Obama’s assessment, noting the fact that this number has only recently dropped, and it dropped in large part due to people ceasing to look for work. In order for job creation to merely keep up with population growth, our economy needs to add approximately 125,000 jobs each month. In reality what was added to the economy was yet more unemployed workers, albeit at a slower rate than over much of the last 3.5 years. I know how this may sound to some, but I believe that this number has been massaged for Obama’s political benefit, is only truly reflective of Obama’s dreams rather than reality, and that the timing of this “increase” is pure political theatrics. While I have no evidence of this “conspiracy,” at least I am not alone in questioning the accuracy of the data. In a piece dated October 16, 2012, Christopher Matthews of Time Business News says that, “The Unemployment Report Wasn’t Rigged, but It’s Not Accurate, Either.”