Thursday, May 31, 2012

I Don't Think That Word Means What You Think It Means

The Obama Administration is out touting all the great jobs they've "created or saved".  Except that the jobs reports haven't been that great.  I'm sure someone had to tackle and duct tape Joe Biden's mouth before he declared "Summer of Recovery III: Now we really mean it".  The jobs report for May estimates 133,000 jobs added from April to May.  Analysts had expected to see at least 150,000 jobs added.  In addition, the April jobs report was revised down from 119,000 jobs added to 113,000 jobs added. 

House Republicans have sent 28 jobs bills to the Senate only to watch Senate leader Harry Reid (D-NV) table them.  Of course, I'm sure the Senate is busy working on the federal budget...oh wait:


Keep in mind as of late 2010, Obama needed to add 230,000 jobs per month through his second term to return to the breakeven point. Even the New York Times dives into an analysis of the jobs numbers and concludes that he needs to add 151,000 jobs per month to avoid being an underdog to Romney. So maybe this "jobs recovery" doesn't mean what they think it means.