This is Not the Time to Pop the Corks

Posted: June 5, 2009, 10:54PM

Great news!  Unemployment hit a 25-year high today at 9.4% as 345,000 more jobs were lost in May.  This is the fourth straight month that the trend of layoffs declined!

"The tide is turning," said Richard Yamarone, economist at Argus Research.  “We expect this trend of slower job loss to continue throughout the year.”

Pop the corks and read all about it!

Job Loss Numbers Better Than Expected

U.S. sees fewer job losses than expected

539,000 Job Losses in April, "Better Than Expected" Of Course....

Unemployment Rate Jumps but Job Losses Are Lower Than Expected

Look.  Regardless of how the media tries to spin it there is nothing good about 345,000 people losing their jobs in one month with no end in sight. There is nothing good about unemployment climbing over nine percent now and steadily approaching double digits.

This is an economy spiraling out of control with a radical liberal administration recklessly and knowingly adding fuel to the fire.  President Obama announced this week that on Monday he plans to ramp up even more spending with a new stimulus plan.

Is he serious?

One of the key selling points that President Obama heralded while promoting his first failed and useless stimulus package to the American people was that it was needed as soon as possible to prevent unemployment from reaching eight percent and to create or save (whatever that is supposed to mean) thousands of jobs. Trillions of dollars later we are knocking on 10 percent's unemployment's door.

President Obama's economy has lost over 2.8 million jobs since he took office.

A more frightening contention, however, is not the layoffs but rather the lowering of our expectations as a society.  Have we come now to a point in our great country where job losses rather than job growth is acceptable economic activity?  Have we come now to a point in our great country where economic progress and success is measured by hundreds of thousands of job losses in one month rather than job growth?

Remember these headlines when things were supposedly bad in this country?

Job Growth Under Bush Much Slower Than Under Clinton and Reagan

Bush's Job Growth WORST in 50 Years

Bush Job Growth Poor

Bush job creation (not)

Now, please indulge me as I think out loud here for a moment.  The word “growth,” which is in every President Bush headline, but missing from every President Obama headline means “good” when talking about jobs.  Right?

The word “lost” which is in every President Obama headline, but missing from every President Bush headline means “bad” when talking about jobs.  Right?

The media somehow doesn’t see it that way.  Well, it isn’t that they don’t see it that way, rather they don’t want to see it that way.  Reporting accurately would mean negative news for President Obama.  That goes against their template.

The media has too much invested in President Obama right now for him to fail.  As Rush Limbaugh says in his nationally syndicated radio show, President Obama is too big to fail.  The media must protect their investment.

As free Americans in the greatest free country in the history of the world, we set our standards and expectations much higher than those attempting to create low standards and low expectations for political expediency.  Neither the President nor his media has the right to establish and impose those expectations onto us.

At The Conservative Foundry we'll celebrate when headlines once again say, “job growth” rather than "job losses.”  Until then, this is not the time to pop the corks.

Chuck

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