Worst spending binge in history

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.

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