The media is telling people people that the economy is booming and that we will have massive job growth. As we all know, this is just progressive lies and spin. The reality is that the economy is stagnant and that job losses continue.
Forget a jobless recovery. The economy may be entering a recovery with job losses.
Third-quarter estimates this week are expected to show that the economy grew for the first time since the quarter ending in June 2008. Despite the estimated 3 percent expansion and a stock market that has been on a tear since March, hundreds of thousands of people are still being laid off each month.
Eight million jobs have been lost nationwide since the recession began two years ago, and by some measures workers face the worst job market since the Depression. The average laid-off worker has been without a job for 61/2 months, a post-World War II record. Many of those workers will never recover financially.
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The stock market is growing, but it is not benefiting anyone as the growth is due to government bailouts. Oil prices are sky rocketing and the dollar is down against the euro. This has squeezed wages and is one of the first signs of Inflation. The $700 Billion Stimulus borrowed from China and others has resulted in nothing.
The media can spin it all they want but Americans are hurting. Obama’s policies are for growth, but for government control. Progressives want people hurting economically so they depend on the government.
Tags: Economic, Economic Collapse
