Unemployment improved to 7.4 per cent in July -- good news? No. Jobs created totaled only 162,000, with unemployment dropping slightly as more and more people left the labor force, some giving up hope of finding work.
Obama, with his policies and biases, will continue to put more and more people out of work. Even if a person finds work today, it is likely to be part-time like 103,000 of the jobs gained in July.
The president seems determined to take every action possible to keep the country growing slowly. Take a look at growth rates for different periods--
1929 to 2012 -- 3.2
1959 to1992 -- 3.5
1992 to 2007 --3.2
2007 to 2012 -- .8
That last number of less than one per cent is the period of Obama's first term.
Obama, with his policies and biases, will continue to put more and more people out of work. Even if a person finds work today, it is likely to be part-time like 103,000 of the jobs gained in July.
The president seems determined to take every action possible to keep the country growing slowly. Take a look at growth rates for different periods--
1929 to 2012 -- 3.2
1959 to1992 -- 3.5
1992 to 2007 --3.2
2007 to 2012 -- .8
That last number of less than one per cent is the period of Obama's first term.
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