The August jobless numbers came out
yesterday and for once the results were not unexpected (at least not
to anyone not in the Obama Administration).
Job growth for the month of August was
zero. Nada. Zip. A Goose Egg. Nil. Bupkus.
The stock market reacted negatively,
again not unexpectedly, dropping over 200 points and wiping out the
week's gains.
Obama and his 'advisers' wonder why the
job numbers are bad when anyone with a lick of sense could tell them that
everything they've been doing has discouraged job growth, just the
opposite of what they claim they want.
I expect the final job numbers will
actually be worse, with a negative growth and an increase in the
official unemployment rate to 9.2%. (Remember, the unofficial rate –
approximately 19% - includes those who have run out of unemployment
benefits or have given up looking for work altogether.)
That ought to help Obama get
re-elected.