Friday, June 11, 2010

Obama Prevaricates about Jobs

The spectacular loss of American jobs is devastating to more Americans than the oil spill in the Gulf, but Barack Obama still doesn't get it. This month he bragged to an audience of truckers in Hyattsville, Maryland, that our economy is "getting stronger by the day."

The U.S. Labor Department reports a very different picture. The number of long-term unemployed, defined as Americans out of work for 27 or more weeks, is at its highest level since the Labor Department began collecting such data in the 1940s.

More bad news comes from the Labor Department. In May, 431,000 jobs were added, but nine-tenths of them were government jobs.

Unemployment of young men is the highest in 61 years of record-keeping, according to the Center for Labor Market Studies at Northeastern University in Boston. The numbers for minority teenagers are tragic.

Obama's $787 billion federal stimulus program was packaged in mental images of construction workers in hard hats. However, most of those hired with Stimulus dollars were government employees.

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