Washington announced today that 290,000 Americans found jobs during this past month and then released the news that unemployment in our nation had risen from 9.7% to 9.9% during that same time period. Doing some quick math, instead of 15,159,948 Americans being out of work there are now officially 15,463,146 +/- of our fellow citizens looking for but not being able to find a job.
Obama called a press conference and proudly called attention to the "fact" that his administration had promised positive results in reemploying Americans and here was proof that he was doing the job. What a con-man, which is just another term for politician and more so for a liberal/progressive/socialist! Americans are not that dumb, can do the math and can well see that although 290,000 jobs were created and filled another 303,198 citizens joined the ranks of the officially unemployed.
Going one step further, if 290,000 jobs were created and filled with the unemployed but the ranks of the unemployed rose by 303,198, then in reality 593,198 Americans became newly unemployed. Good job, President Obama!
Continuing on the idea that Washington thinks that Americans are idiots, is it really possible that the stock market plunged 1000 points because a technician "accidentally" hit the wrong button?
If the real answer is yes, then Wall Street is pathetic in its internal control. More likely there was a sudden sell off because of the economic turmoil in Greece and other Euro countries such as Portugal, Spain, Italy, Ireland and Britain followed by a quick rebound.
Unfortunately, the powers of Wall Street and the national news media are often much like Obama and believe that the American public is naive.
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