Economic stagnation: Obama’s baby

Today the American unemployment rate remains unchanged at 8.2 percent. The economy is still five million jobs shy of the breakeven point as America continues to drown in a sea of growing government red ink while struggling to tread water under the overburden of oppressive big government regulations.

Since the start of the seemingly never ending “great recession”, the nation has lost 8.8 million jobs. It has regained only 3.8 million, less than 44 percent. According to the most recent Labor Department report, employers added only 80,000 jobs in June. The economy averaged 75,000 jobs a month in the second quarter, one-third the pace of the first quarter. This marks the third straight month of weak hiring, clearly showing that the economy is still struggling under the weight of the current administration’s failed economic policies.

Thanks to the brilliance of Obama’s economic plan, over the course of the past two years, America’s alleged recovery has gone from adding an average of 161,000 jobs per month to 150,000 per month, and now to 75,000 per month. If a recovery was actually taking place, those numbers would be going up instead of down, right? Instead, a sinkhole is swallowing up hope for millions of Americans of finding a job.

Was there not a pledge made in 2009 by the self-imagined, self-appointed intellectual elites working in the White House that if American taxpayers funded the $878 billion “stimulus” package, unemployment would not go above 8 percent? Was there not a promise that the “stimulus” would have unemployment down to 5.5 percent by now? As it turns out the “stimulus” wasted taxpayer dollars, making little dent in the jobless rate.  But it did reward the White House’s political cronies within the inefficient, unproductive, largely imaginary “green energy industry.”  Obama’s claims that millions of jobs were “created or saved by the stimulus” must be met with severe skepticism. The unemployment numbers have never reflected that.

There are far too many people who know the real story because they are living it. Claims made to the contrary by the Obama re-election campaign don’t matter as they fail to reflect the reality people are living. Regardless of what is loaded on the teleprompter, reality cannot and will not be explained away. In short, people living in the real world are not buying the administration’s theoretical “cash for clunkers” economics approach. Taxing successful businesses, taking a cut for DC, then sending the remainder back to your favorite campaign bundlers running phony business fronts is not an economic recovery plan.  That’s money laundering, Chicago style.

How long is it going to be before the current White House occupant and/or his surrogates start popping up like Whack-a-Moles on the Sunday morning political talk shows blaming all of this on George W. Bush?

Did someone say this Sunday?

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Michael Fell is a former MCA recording artist from the seminal punk rock era who toured America from coast to coast. Today, he’s a leading voice in the L.A. Tea Party movement, active since the February 2009 inception. Mr. Fell currently chairs the Westwood Tea Party, is a founding member of the L.A. Metro Tea Party Coalition, serves as the Vice Chairman of the Westside Republicans Club in L.A. CA, and is an elected Republican delegate to the L.A. 47th AD Central Committee. He’s been Campaign Manager for a primary winning Congressional candidate, as well as Santa Monica and L.A. City Council candidates.  Mr. Fell is a contributing writer for http://conservativedailynews.com/, http://rightwingnews.com/, http://www.hollywoodrepublican.net/, http://beforeitsnews.com, http://www.redcounty.com/, http://www.uspatriotpac.com and, http://westsiderepublicans.com/.  His opinions on today’s news events and political climate can be found on his blog: http://mjfellright.wordpress.com/