Well done President Obama, Canada is now producing more actual jobs than the entire US economy based on the statistics from June. The US created just 18,000 jobs, a disappointing number and one which the Obama administration is absolutely clueless on how to change. US unemployment edged up to 9.2%. Meanwhile, Canada created 28,000 jobs and the unemployment rate held steady at 7.4%.
One thing is true: Obama is an absolute and compete failure as a President on economic matters. His only solution is to increase taxes and government spending and has no real interest in cutting spending to reduce size of government relative to the GDP. This is the main reason the economy is stuck in neutral. The government eats up far too much of the country's wealth and resources and burdens the private sector with regulations and obstacles that prevent ingenuity, creativity and investment.
The housing market in the US remains extremely weak as does manufacturing. California is bleeding jobs and NY is heading for bankruptcy along with Michigan and Illinois. The inept President looks more and more like Jimmy Carter every day and has no new solutions on how to fix the problems that confront the country.
2 comments:
Forget Canada: Alberta created more jobs than the entire USA!!
Thank You
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