My Weekly Obama Jobs Report, the Debbie Wasserman Schultz Reality Check edition

Whatever Debbie Wasserman Schultz is smoking, I want some of that. According to DWS the unemployment rate hasn't gone up since Barry took office. Ayup, it's what she said. On national television. Apparently it's something the DNC pays her to say.

You know what? I think we all want some of that stuff! Or a job. Yeah, we'd probably prefer a job.

The jiggered BLS unemployment stats do show a decline in initial jobless claims. But as we covered last week, that's mostly due to people giving up on ever finding a job. If you count the forlorn and forgotten, the true unemployment is 11%.

I think that's called "Hope and Change."

But the Obamabots soldier on. Their Occupy Wall Street temper tantrum is finally having an effect. On the unemployment rate anyhow. This week 91 people lost their jobs on account of the Occupods screwing with their employer. No these aren't Evil Bankers or Wall Street drones. They're restaurant workers, put out on the street because #OWS is blocking access to the place where they worked, and it went out of business.

Aren't they the 99% too? Will Miley Cyrus write a song for them?

Don't count on it.

And here's another Obama employment statistics success story. With the Keystone XL pipeline "on hold," companies which had anticipated working on it are out of luck. Wellspun Tubular of Little Rock, AR furloughed 200 workers and is completely shutting down their plant for 3 weeks. At Christmas.

Will the Obamas wave to them as they fly over Little Rock on their way to spend Christmas in Hawaii? Maybe Moochelle could air-drop a few fruitcakes along the way. You know, just to show she cares.

Liberals like Obama will tell you that taxes and regulations don't affect a company's business decisions. Colt Industries would beg to differ. They've decided to pack their bags and move, from high-tax, unionized, gun-hating CT to low-tax, right-to-work, 2nd Amendment-friendly Florida.

You know, for the life of me, I can't imagine why they'd want to do that.

Cue the NLRB unfair labor practices investigation in 3… 2… 1…

Obama has managed to fulfill one campaign promise though. Remember back in 2008 when he promised us higher electric bills? He delivered!

Electricity rates have gone through the roof, mostly due to the cost of replacing coal with green technologies. Because that worked out so well with Solyndra.

I think that's Hope and Change too.

Next up, the EPA is setting its sights on new car prices. Apparently they're too low. Not to worry though, pending regulations will add between $2,000 and $3,100 to the sticker price of every new car. Vehicles which cost $15,000 or less will essentially be regulated out of existence thanks to a new 54.5 miles per gallon fuel economy standard being phased in over the next decade.

It's small wonder then that shoppers are returning Black Friday purchases to raise cash. This year, more so than ever. What looked like a great deal during that post-Thanksgiving tryptophan haze turns out to be a white elephant we couldn't really afford.

Which of course now puts retailers' seasonal sales figures on the edge, as returns cut into already razor-thin profit margins.

Santa's bag is gonna be a little light this year.

Meanwhile across the pond downgrade fever is downright contagious. Moody's cut Belgium's credit rating by two notches. And Fitch warned Spain and Italy that they're next.

Why? Because a "comprehensive solution to the eurozone crisis is technically and politically beyond reach," that's why.

Meaning the Euroweenies are going down the tubes. And they could very well drag us down with them.

Spread the misery; it's Obamanomics!

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Previously:
My Weekly Obama Jobs Report: the Lies, Damned Lies, and Statistics edition
My Weekly Obama Jobs Report, the Incredibly Shrinking Labor Force edition
My Weekly Obama Jobs Report, Our Dickensian Future Edition
My Weekly Obama Jobs Report, the Thanksgiving dinner is gonna cost you 13% more than last year edition
My Weekly Obama Jobs Report, the tax breaks for hiring veterans edition
My Weekly Obama Jobs Report, the Jillian Barberie can't find you a job edition

Posted at 22:32 by Chris Wysocki   [/economy]   Comments | Perm Link |
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