I am surprised at how much the liberals want to continue to make Bush look bad. You would think that after all this time these “libs” would give up. I am sure by now you have seen the headlines “unemployment takes its worst leap in twenty years” or some thing like that.
I followed the following article from the Yahoo home page web site: [AP,Biggest jobless jump since '86 -- Wall Street sinks
Friday June 6, 4:17 pm ET
By Jeannine Aversa, AP Economics Writer
Jobless rate zooms to biggest increase in decades; stocks plunge nearly 400 points]
Now, notice the key words Biggest, jobless, and, jobless rate zooms to biggest increase in decades. These are words used to strike fear in people. They are all negative.
The reality is that the unemployment rate was at 5%. It is now at 5.5%. This is an increase of 1/2 a percentage point. In actual numbers the jobless rate for May was around 860,00. However not all of these were actual job losses. Part of the number of new unemployment cases is young people looking for work for the first time.
Now, tell me what happens every year around these months? That is right! High school and college graduates enter the job market. Read the story and you will see the first time job seekers contributed to the unemployment figures for May 2008 increasing.
Here is another interesting fact. Though unemployment grew by 860, 000, for the year there has been only around 300,000 jobs lost. This means to me that there have been gains in jobs in other months of the year. Otherwise, how can you have 860,00 jobs lost in May but for the year only 300,000 job lost. In addition, I read the stats reported and they just did not make sense, to me.
Another interesting fact is the report of wages going up. In the story it is reported that uncertainty of the economic future led to some job losses. However, if your uncertain about the future do you increase your employees wages?
Moreover, this actually makes the point I was going to make today. There are forces out there that want to create negative sentiment by misleading the public. I call these forces the liberal news and democrats.
Yes people lost their jobs. Another fact is that fuel prices are having a negative impact on the American economy. Another, fact is the George W. Bush is the only president to of had 72 months of continuous job growth.
My point for today was going to be on how most of us do not pay enough attention and only support candidates we know on a superficial level. I am willing to bet that people who read the above named story will not venture from the head line. In addition, I am willing to bet more that the key words I mentioned will leave most readers with a negative impression of the economy and of Bush.
However, in the story itself it reports that this job losses are seen as overstated and “low by historical standards”. Plus and increase to 18% of teens, which I believe would be first time job seekers, looking for work contributed to the jobless rate increasing.
Personally, I can tell you that as a taxi driver in a border town I have gone from making and average of $85 dollars a day to only making around $40 as day since the start of May 2008. However, what I read in this story does not warrant striking fear in Americans with negative key words such as , biggest, job loss, and zoom.
In addition, up until now Bush has had good job numbers. I know that because of the “global economy”, America will transition from this economic evolution and keep growing. It is impossible to keep an economy down when new markets are opening every day. Most people want to participate in the new “global economy”.
Yes I am still convinced that the new “global economy” will mean extreme economic hardship for some people. However, I am also convinced that those who will suffer most will be those who refuse to adapt to new economic demands.
ALEGRIA MALL