U.S. needs to trim government spending
Shame on President Obama, the Democrats and the media for lying to the American people. The unemployment rate dropped by 0.2 percent, but that is not an indication of an “improving” job market or economy. You think lying is too strong a word?
According to the federal Bureau of Labor Statistics (www.BLS.com), 542,000 people stopped looking for work in November while 146,000 people found jobs. The work force participation rate dropped 0.2 percent. The 542,000 weren’t counted because the unemployment rate is based only on the number of people looking and does not include those who could and should be working. The truth is for every person who got a job — three stopped looking! That is not an improving job market.
If this situation continues at these same rates, then more and more people will stop looking for jobs, the unemployment rate will continue to drop, and the federal deficit will continue to rise as fewer people are employed and the population grows every day. Economic history shows that in an improving job market and economy, unemployment rises initially. It rises because discouraged workers come back into an improving job market and start looking again.
The U.S. needs to trim government spending and get serious about living beyond our means. The tax code needs to support job growth, not government spending. The president, the Democrats, and the media need to start acting like adults and stop lying.
Gary EllisCedar Rapids