Saturday, February 02, 2013

Another jobs report that raises lots of questions about the stimulus that did not stimulate

The "Kool Aid Obama voters" may not realize it but we are weeks from the 4th anniversary of the stimulus.  

We are also witnessing the worst recovery in recent memory and today's jobs report is further proof.

The rate is 7.9% up a bit from 7.8%.  However, you have to look inside the numbers to understand how bad it really is. 

Yes, the overall rate should be understood in the context that there are less people looking for work.   The labor participation is down.  In fact, unemployment would be over 10% if we had the same labor participation that we did when Pres BO came in.

Do you understand now why Pres BO would rather talk about gun control than jobs? 

 Click to hear our chat with Dr Ileana Johnson Paugh:


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