Traffic map
Article posted: 4/18/2013 4:40 AM

Worst spending binge in history

  • Article
text size: AAA

Worst spending binge in history

In February, with a jobs number of 236,000, our bias media celebrated with great fanfare and eager to prove to voters that President Obama was indeed worthy of a second term.

Advertisement

The liberal AP claimed employers went on a postelection "hiring spree" and breathlessly described the job market as "accelerating."

The New York Times quoted Alan Kruger about the recovery "gaining traction" and warning Republicans not to screw things up.

Chris Mathews, with a thrill going up his leg, lambasted Republicans for not giving Obama "credit for this amazing economy that's coming back," He said, "if you want to live like a Republican, vote like a Democrat." "It's not true that people have better times, better life existences under Republicans."

But, the economy's not coming back; the jobs recession continued in March, as employers hired merely 88,000 more workers. More people are signing up for disability benefits and food stamps than taking new jobs.

Both the number of unemployed persons, at 11.7 million, and the unemployment rate, at 7.6 percent, were little changed in March. Instead, the number of Americans in the labor force -- those who have a job or are looking for one -- fell by nearly half a million people from February to March. Also, the percentage of working-age adults in the labor force -- what's called the participation rate -- fell to 63.3 percent last month. It's the lowest such figure since May, 1979.

Even worse, the Obama administration has resided over the largest spending binge in the nation's history.

Robert Meale

Woodstock

Comments ()
We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.

This article filed under

Latest Video

MostViewed

Today
Yesterday
Most Commented
Top Jobs

    View all Top Jobs Place a job ad

    MarketsReport

    DHExtras

       
    • Newspaper next section - Newspaper next section Report card checker - report card checker
    • Dh innovation award 2 - Dh innovation award 2 Zillow /real estate page
    • Discuss refer On Guard series
    • Newspaper archives -- Monday or anyday Mike North

    FacebookActivity

    BusinessDirectory

    Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

    Don't see your town listed? Visit our full directory to begin your search.