CRAP!!!
I was writing up this really nice piece about the nation's true unemployment numbers when I accidentally lost all my work.
So, instead of trying to rewrite everything, I think I will just post links to everything and see if you can get the gist.
I recently showed you how
Obama has overseen the loss of 3.5 million jobs since January.
June unemployment numbers fell another 467,000. That means nearly 4 million people out of full-time work since Obama took office.
His
stimulus bill should be revised. Instead of creating or saving 3.5 million jobs, it needs to be correctly edited to state, ".. will lose or destroy 3.5 million jobs.."
Remember,
this bill is working as intended.
However, that
index does not count the underemployed. When you factor in the underemployed, total underemployed could reach
16.5%. And the economy is not going to get any better any time soon.
Michigan has now approached
15.2% regular unemployment.
Things look much worse
when you look at individual metropolitan areas.
Obama's own numbers tell us a story. CBO estimates that the $787 Billion
stimulus bill will actually cost us $838 Billion over an 11 year period. And according to that report, this stimulus bill is not even expected to create or increase revenue.
Meanwhile, his
budget deficit will swell towards $2 Trillion dollars by the end of this year with the National Debt load upon every American citizen
will now approach $11 Trillion dollars. That equals nearly $37,000 in tax burden for every man, woman, child and illegal in this nation right now. Now, if you only count that portion of the population that actually pays taxes, say about a third, then their tax burden now goes up to $110,000.
So, it is a good thing that the rich are the ones that are left paying the tab. 'Cause when it comes to paying that debt load or hiring someone to fill a job.... guess which decision wins out.
And don't expect the unemployment picture to get any better now that the
Federal Minimum Wage is going to JUMP to $7.25 in the next few days. Good Idea!! Let's put more stumbling blocks to reducing unemployment. How's that living wage working for ya?
Oh yeah, and don't forget the new taxes to pay for all this stimulus, health care and bailout expenditures.
Welcome to Obama's world.
How's that
hope and
change working for out for you?