Daily Archives: 2012/08/03

It is nothing short of shameful that folks like the portly pundit Bob Beckel are touting 163,000 jobs as if that were nearly enough to dent the real unemployment number of over 15 percent in this country. Even more disturbing, is their “purposeful ignorance” when it comes to other factors like last month’s jobs numbers being revised from 80,000 to 60,000, as if 80,000 were not bad enough. And then we read that 153,000 people simply left the work force entirely last month. So what does that mean? It means the net gain of jobs is actually a net loss of (-30,000 jobs), in terms of contributing revenues.

Any economist with credentials beyond those of a classroom twerp will tell you, that an economy with the breadth and scope of the United States economy, requires consistent job creation in the range of 225,000 to 375,000 jobs per month to constitute tangible, albeit average recovery. The simple truth is that our nation remains wounded and staggering without hope of stabilization short of unleashing the “power to prosper”, by way of massive across the board tax incentives and a complete restructuring of the U.S. tax code. Realistically, we are actually sitting at the best possible juncture to push the reset button on years of reckless feel good spending and income tax nightmares.

These numbers today spell real trouble for an incumbent President, and believe me the Obama Team knows it. Oh, and message to WH Harry Reid: Mitt Romney has paid far more taxes in his working career than your entire family generationally has “earned” in all of its history. What a complete imbecile….