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Townhall
Finance
24 Million Martyrs
by
John Ransom
I
wish Obama and the Democrats could be as passionate about jobs
as they are about, say, the contents of Happy Meals. Or the dust from
cement
factories. Or the habitat of the red-cockaded woodpecker.
While
the wizard of DC remains a master of illusion and delusion,
focusing everyone’s attention on the man behind the curtain- and his 20
Little
Martyrs- the jobless recovery now enters its fifth year with no signs
that
hiring will be picking up soon.
So
instead of worrying about the peckers, I wonder about the 12
million martyrs who remain unemployed. And the 3.6 million martyrs who
are not
in the labor force. And the 8 million martyrs who can only find
part-time work.
That’s almost 24 million martyrs, plus their families.
Jobless
claims went up fractionally last week, showing little
progress in tackling unemployment. Jobs numbers for December weren’t
even
enough to cover those entering the workforce.
This
is exactly what we’ve come to expect under Obamanomics, which
has dumbed-down our economy like it was Greece or California.
According
to the BLS household data, 192,000 people entered the
workforce in December while only 155,000 jobs were created. Those
numbers are
consistent with trends established in 2011 and in 2012.
“December's
overall figures were only slightly better than 2012's
average growth of 153,000 per month,” says CNN Money, “which mirrored
the 2011
pace. That's not enough to make a significant dent in the unemployment
rate,
economists said.”
And
that has a negative effect on the net economy...
Read
the rest of the article at Townhall Finance
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