Tag Archives: Youth Unemployment

Richard Clark, owner of Supreme Janitorial Services in Jacksonville was speaking on one of the weekend news programs Saturday, and described his company as the “proverbial poster child” for the impending disaster that is “Obamacare”. A typical small business owner about to be pummeled by the mandates, taxes and fines of the “Affordable” Care Act, was very candid about not being able to hire full-time workers because of the staggering costs associated with the President’s signature law. He went on to say the recent implementation “delay” was nothing more than a political stunt, fueling the uncertainty which any economist worth his paycheck would tell you is kryptonite to small business.

I watched that segment while digesting some of the jobs and growth data which came out at the end of the week, and I was struck by a couple of ironies. The unemployment rate remains a reflection of how the numbers are calculated, persistent “underemployment”, and a critically high youth unemployment number of about 16 percent. Moreover, those same numbers continue to drive the market as the “Fed stimulus” lives or dies by any fluctuation. Make no mistake, our economy is a shadow of its former being, sputtering on fumes in the tank of ideological foolishness. The notion that it is somehow showing “resilience” is unrealistic and a fools play to be sure. Repeal “Obamacare” now, and unchain our nations free market economy so “We the People” may have real recovery! This classroom experiment has failed…