Wednesday, July 13, 2011

Unemployment Up--But That's OK--We don't Understand those Numbers Anyway!

 
Unemployment rose to 9.2%.

Not only that, but the number of jobs was decreased by 25,000 for April and 217,000 in May.  So those months were worse off, job-wise, than previously thought.

Manufacturing added only 6,000 jobs; professional and business service jobs rose by 12,000 jobs; education and medical jobs added no jobs.  Construction jobs and financial service jobs fell.

According to President Obama, We, the People, aren't able to understand these numbers and shouldn't worry about them anyway.

It's the job of the professional politicians according to Obama"Well, let me distinguish between professional politicians and the public at large.  The public is not paying close attention to the ins and outs of how a Treasury option goes.  They shouldn’t."

So, folks, don't worry.  Your professional politicians (something our founding fathers were totally against!!) are taking care of things!

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