"The Friday job report confirms all my preconceived notions about the way government and the economy interact and proves that my political party has been right all along," said every single politically conscious news junkie this morning when the Department of Labor announced that nonfarm payrolls increased 163,000 last month even as the unemployment rate rose to 8.3%.
From Mitt Romney came news that a .1% uptick in the unemployment rate represented "a hammer blow to struggling middle-class families." The White House said the jobs report "provides further evidence that the U.S. economy is continuing to recover." And Newt Gingrich probably pointed out that the unemployment rate would be twice as high if poor children, who should be working as janitors, were included in the Bureau of Labor Statistics figures.
As it happens, this morning's job report also confirms my preconceived notion that Obama is the worst socialist president, ever. As seen on the FRED graph, public sector employment steadily rose during the George W. Bush administration. But since Barack Obama imposed his Kenyan anti-colonialist thinking on the U.S. economy, 648,000 public jobs (i.e., the sum of state, local, and federal employment) have been eliminated. Were it not for a 9,000 job reduction in government employment, payrolls would have increased by 172,000 positions last month.
Future generations are probably going to wonder how a Sharia socialist presided over the lowest level of public-sector employment in over 30 years, but it will be difficult to explain this to them with no teachers left.
Tags: Barack Obama, Economy, Unemployment