I know these days most of us are truly focused on the next treasure trove of emails from Wikileaks or more scandal from the “Weinergate” revelations. However, there are very serious issues that show just what bad shape we’re in when it comes to our economy. We know Obamacare is now in open enrollment and premiums are on the rise, and I mean anywhere from 25 to 60 percent. But there’s also some other news that gives witness to just how anemic the recovery has been under Barack Obama.
As reported by CNBC.com, “Private sector employment rose by 147,000 jobs in October, falling short of estimates on Wednesday. This marks the smallest increase since May and the third worst report in the past year.
Companies in the private sector were expected to create 165,000 jobs in October, according to economists polled by Reuters. ADP also revised job creation numbers for other months as part of a new measuring model. For September, the number of total jobs added was revised up to 202,000, from a previous estimate of 154,000. Over the course of a year, the new model subtracted a net of 15,000 jobs. The new ADP model also shows 32,000 fewer jobs than the number the Bureau of Labor Statistics reported in the private sector over the same period. The old ADP model showed 17,000 fewer jobs than reported by the BLS.
Mark Zandi, chief economist of Moody’s Analytics, described job growth in the private sector as “strong,” even if the pace of growth appears to be slowing. “Behind the slowdown is businesses’ difficulty filling open positions,” Zandi said in a release. “However, there is some weakness in construction, education, and mining.” During the month, small businesses accounted for 34,000 new jobs. “Job growth appears to be shifting from small to large companies due to the lessening impact the global economic environment had on large companies earlier in the year,” Ahu Yildirmaz, vice president and head of the ADP Research Institute, said in a release. “This is also true because large companies often have the resources to attract workers with better pay and benefit packages.”
Here is the issue: small businesses are the economic engine of the United States. Anywhere from 70 to 75 percent of the U.S. economy rests with small business entrepreneurs. And the abysmal economic polices of Barack Obama have pummeled small business growth. His uber regulatory environment has just beaten down those who operate on very small profit margins — heck, the word profit is a curse word to Obama and his progressive socialist acolytes.
Dodd-Frank has severely hampered our small community banks and their relationships with small businesses. But worst of all, ask yourself, why do we have trouble getting positions filled? Because highly esteemed economists like Nancy Pelosi believe extending unemployment benefits is the means by which an economy is stimulated. Yep, that’s what she said, along with “we have to pass the bill in order to find out what’s in it” — and really, Barack Obama is talking about how great it would be to have Pelosi back as Speaker of the House? Insane.
Here is Obama in the final months of his eight-year reign as president, and this once great nation is only producing 147,000 private sector jobs a month? That’s unconscionable, and Obama rants that he would be personally insulted if Hillary Clinton isn’t elected president in order to save his “legacy.”
Dude, are you back smoking the whacky tobacky? What doggone legacy are you talking about? President Obama, Donald Trump arose because of your incompetence, and intended destruction of the American economic, healthcare, foreign policy, and national security systems. Yours sir, is a legacy of failure and policies that are better served as story time in a kindergarten class…you know, “The Empty Suit Emperor.”
What we’re experiencing in America right now is the result of eight years of rampant corruption, corporate cronyism, deceit, and political elitism that has our republic reeling — and the coronation of one Hillary Clinton ain’t gonna happen.
Somehow, the pathetic little serfs rose up against their lords to let them know this is a constitutional republic, not a constitutional monarchy. The people have arisen against the political establishment which has given them anemic economic growth, saddled them with massive debt, and made them less safe in their own country — and that’s been a bipartisan endeavor! I mean c’mon, small businesses only accounting for 34,000 new jobs in the month of October? And be advised, these numbers will probably be revised downward when we’re not watching.
We are less than a week away from a seismic shift in America. It’s about the restoration of this republic, but namely about the recommitment to the American ideal. We the people have had enough with the masters of Washington D.C. We’ve had eight years of progressive socialism, and we don’t like it, nor do we embrace the disciples of Saul Alinsky.
The facts, the data is clear, hope and change has been an abject failure…and yes, therefore, it’s time to “make America great again,” and it starts with getting Americans back to work. It starts with producing, consuming, and exporting our natural energy resources. It starts with sending a message to the Islamo-fascists and our enemies that we’re back, and ready to kick butt when and where it’s necessary. It starts with having a foreign policy rooted in respect and regard — not being liked, a childish emotion.
The house of cards for the progressive socialist left in America is collapsing…we see your voter fraud and will speak up. We know of your corrupt nature, and shall not accept it. We realize you do not love, admire and cherish the America that we do…and therefore, take your fundamental transformation and shove it!