Dismal Jobs Report Courtesy Of Team BO
The jobs report came out this morning and it was more of the same, with unemployment perched above 8 percent and minimal jobs added. We need to upwards of 150,000 jobs per month just to hold steady, we’re told by economists, but we added just 80,000 in June. Toss underemployment into the mix and the U6 unemployment rate jumps to nearly 15 percent, making the second quarter of 2012 the worst hiring period in two years. And of course, we all know that these numbers get adjusted downwards a few weeks later.
Let’s be brutally honest. The economy is in the tank. It stinks to high heaven. The occupier in the oval office continues to tell us that someone else is to blame. For three and a half years the naked emperor claims that it was all Bush’s fault. Now the dear leader claims that Mitt Romney and his Swiss bank accounts are to blame. Sorry, it is time to man up and stand up.
This is Barack Obama’s economy. This is the result of almost four years of Obamanomics at work. The unemployment rate holds steady at 8.2 percent officially, but we know that unofficially it is much higher.
No more hope and change; now I just hope for change.
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The Jeff Katz Show, twice named Best Talk in Boston by the Associated Press, can be heard on talk1200.com or by downloading i heart radio.
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