Friday, March 5, 2010

Good News on the Jobs Front

The numbers are out for February and 36,000 more jobs were lost last month.

And that's good news, according to Harry Reid (D-Nevada). The Senate majority leader thinks that more job losses is a good thing. Yes, to be fair, he is referring to the reduction in the increase in the jobless rate.

What Reid doesn't want you to know is that it is the policies of Obama and Congress and the push for more anti-business policies, taxes and regulations that is preventing the private sector from creating jobs.

A little over a year ago, Obama promised that the unemployment rate would not go over 8 percent because of all the "shovel-ready" jobs that would be created. Of course, those jobs did not materialize. According to to those who track such things, much of the so-called stimulus money has not been used to create new jobs, but rather the funds have been used to make up for a decrease in tax revenues because of the recession.

The unemployment rate is still officially near 10 percent and is likely to stay over 9 percent for the remainder of the year. However, the number of "discouraged unemployed workers" is increasing, and the "real" unemployment numbers are over 17 percent, and likely approaching 18 percent. (These numbers are considered "soft" and are hard to track.) Virtually all economists are suggesting that the jobless rate is the worst it has been since the Great Depression of the 1930s, and is not likely to improve in the foreseeable future.

The administration is touting the great "economic recovery," but those who are out of a job with no prospects in the future are not feeling the recovery.

Maybe in a few months, Harry Reid will join the ranks of the unemployed. Of course, with all the perks a former US Senator has, he won't feel the pinch in the same way other unemployed citizens do.

4 comments:

Chuck March 5, 2010 at 8:37 PM  

Sounds like he has become a YouTube hit with this one. Wonder how is fellow Nevadans think about it?

Euripides March 5, 2010 at 9:07 PM  

Reid's gaff going viral on YouTube has got to be a good thing for conservatives and Nevada voters!

WoFat March 7, 2010 at 4:36 PM  

Harry Reid, a forceful and historic figure. Right.

Carol............. March 9, 2010 at 4:36 PM  

Harry Reid (eye roll)! He needs to do something for Searchlight, Nevada, where he comes from. (We drive through there occasionally on our way to Las Vegas.)

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