My Weekly Obama Jobs Report, Our Dickensian Future Edition

Ebenezer Scrooge, please call your office: Collection Agencies Now Want Deadbeats Arrested.

The practice is especially popular in Illinois. Presumably the workhouses in that state are full.

Maybe one reason folks can't pay their debts is because there are no jobs?

When there is a conflict between jobs and public employee unions, or a conflict between jobs and the environmentalist lobby, jobs lose every time under this Administration.

Hot on the heels of nixing the Keystone XL pipeline project, Obama's EPA put the kibosh on oil shale drilling in Ohio.

No drilling means no new jobs, and no new jobs means no economic recovery for one of the states hardest hit by this recession.

And the econuts scored another anti-fracking "victory" this week when the governor of Delaware punted on a decision to open up Delaware River basin for natural gas extraction operations. NJ governor Chris Christie is also waffling on the project, ensuring it won't see the light of day any time soon.

It's almost like these guys don't want to create jobs.

I don't know why Jillian is smiling the week, not unless she hasn't seen the latest trifecta of bad economic news. And when I say "bad," I mean bad.

New unemployment claims, initially "worse than expected," were then revised upward. Durable goods orders are down again, meaning the final Q3 GDP will be revised even lower and Q4 GDP rebound hopes have been all but dashed. Consumer spending is also down as the savings rate creeps up. Folks are retrenching, hunkering down for the long, bleak winter ahead.

There's at least one Georgia company which isn't buying Obama's promise to focus on job creation. Bill Looman, a former US Marine, posted signs on his company's trucks — "New Company Policy: We are not hiring until Obama is gone."

Then in what's gotta be the most chilling aspect of Dear Leader's reign of terror yet, Mr. Looman was subsequently investigated by the Secret Service as as potential threat to National Security. Really.

Do you know where else the government harassed employers who refused to hire workers? The Soviet Union. And of course, Red China and Castro's Cuba too. Role models all, for dyed-in-the-wool Marxist Barack Hussein Obama.

What will you do when the government assigns a Zampolit to your office?

Finally for today, ask yourself this: Aer you better off than you were 4 Trillion Dollars Ago? Because according to the Congressional Budget Office Barry's "Stimulus" had virtually no meaningful effect on growth and employment despite its massive price tag. So what does he propose doing? More of the same! Which of course has worked out so well for the Europeans…

Posted at 16:52 by Chris Wysocki   [/economy]   Comments | Perm Link |
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