Today is the first Friday of the month, which means that usually we get a jobs report from the Labor Department. But because Barack Obama and the Democrats insist on keeping the government partially shut down in order to fund ObamaCare, the Labor Department was unable to put together September’s report.
But that’s OK. It doesn’t take a rocket scientist to figure out what is generally happening in our country and our economy. Unless there was some sort of dramatic turnaround in September that I’m unaware of, the following facts remain true.
- The fact remains that there are still fewer people working today than when Barack Obama was inaugurated in 2009, despite population growth.
- The labor force participation rate remains at record lows, with millions of Americans simply giving up looking for work. According to James Pethokoukis, “If the labor force participation rate were back at January 2009 levels, the unemployment rate would be just shy of 11%.”
- The real unemployment rate is far higher than the rate touted by the administration, because of the labor force participation rate AND because of underemployment. Millions of Americans have taken jobs simply to get by, but many of them are part-time and do not truly reflect a growing society.
- Most of the jobs being created these days are part-time. We are becoming a part-time society. This is for a number of reasons, but ObamaCare is absolutely accelerating this trend and solidifying it as the new-normal.
In other words, our economy continues to limp along and liberal policies like ObamaCare add to the weight of the anchor holding America down. We’ve got some serious spending issues it Washington that need to be solved quickly. Within the next few weeks we are going to see a battle over the debt ceiling. Can you believe that we have accumulated close to $17 trillion in debt? That is only expected to grow exponentially if we don’t get serious about spending and entitlement reform. But one other important factor in getting our finances under control is growing the economy. This isn’t the only solution, but it is an important one that Barack Obama doesn’t have a clue how to achieve. That’s a problem.
Month after month, year after year, a few key issues remain at the top of America’s mind: Jobs, the economy and the national debt. Yet what has Obama and the Democrats proposed to do about it? Grow the size of government. We’ve been doing that for years now and look how that’s working out for us?