I posted yesterday on the low weekly IUC numbers (which came in better than analyst expectations). Today we see the economy added only 162,000 jobs, (well under analyst expectations). We also learn that 21,000,000 young folks are living with their parents (a record). We also are witnessing a shift to a part-time workforce(thanks to regulations within Obamacare).
I have to remind readers from time to time that one simply cannot take one aspect of the jobs picture, and hold that up as "proof" that the economy is strong or weak.
Remember that when you see pundits and trolls today pointing to the "drop" in unemployment as an indicator the Country is headed in the right direction under Obama's policies.
The reality is that this most recent iteration of Obama's "Recovery Summer" is about as effective as the ones that came before it. The Obama Stimulus didn't do anything, except transfer wealth from taxpayers to connected Obama cronies. Failed experiments with connected "green" firms threw taxpayer money to poorly managed, verge of bankrupt companies. Taxpayer money went to only hold off the inevitable in Detroit. The President has promised us a "laser-like" focus on jobs for several years, with little appreciable results.
This Administration clearly has no idea what they are doing.
