The Bureau of Labor Statistics has put out the Job Growth Report for The United States for May, 2012 and it shows a net growth in jobs of somewhere around only 69,000 new jobs as opposed to what were a lot more optimistic figures.
It is reported in many areas that this lousy job growth performance is due to fears about what might be happening with The European Economy and that people who may have normally invested in stocks are running to the safety and shelter of The Bond Markets.
I thought that the United States Job Market was the one that most of the world watched – – – in the days before Reaganomics . . . “Trickle Upward Economics” and Free Globalized Trade began to decimate much of the former glory of American International Industrial Standing.
(You remember – – – before all that Right Wing greed mongering, union busting, etc. Before all the shipping of good American Jobs overseas… all that malarkey.)
Because of the May, 2012 report, I guess the U.S. unemployment rate percentage has now ticked upward to 8.2%.
It is at time like these that I would wager that Americans are probably not happy with the fact that some of the crazies in Congress – – – the obstructionists and the intransigents – – – killed President Obama’s Jobs For America Act – – – a piece of legislation that could have propelled the U.S. Economy to a much greater rate of recovery.
But no – – – I think it makes the Far Fringe Righties feel really good whenever they can do or say anything at all to make America fail in any respect so they can blame “Obama” for all of whatever goes wrong.
I think that has been their pattern ever since they announced that their greatest ambition in life is to make sure that Obama does not inhabit the White House again in 2012 and I am of the personal opinion they will say or do anything to see that dream come true up to and including throwing the country off a cliff.
(Posted by John Liming as part of his continuing diaries of Political Opinions.)
Let’s Not Jump Too Quickly! (theamericanliberaljournal.com)