Friday, April 1, 2011

Make a Bet

The dinosaur media announced breathlessly yesterday that the job situation was improving in the United States of America. Would you not wager that before the next Presidential election Barack Hussein Obama will be crowing that he has fulfilled his promise that unemployment will be under eight percent? Do not forget that Obama said that he would not permit the jobless rate to rise to 8% if he were elected President- a pledge that he has already failed to keep. In any event, the positive new job creation and jobless numbers should be taken with a grain of salt. They seem to be massaged (read as deliberately manipulated) as a propaganda tool for the administration. How many readers sense any general confidence in the US economy with costs for everything soaring due largely to the surge in the price of oil? Whether you trust the numbers or not, would you not concede that the American economy is more fragile now than at any point since the Jimmy Carter malaise years?

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