Values Voter News

This is key as to why even though Job losses are slowing down and jobs have been "created or saved" by the stimulus package unemployment continues to spiral. Hopefully this will evidence forth the very point at which the Obama administration errored in their prediction that the stimulus package would bring unemployment below 8% by now. Obama claimed that with the passing of his stimulus package that unemployment would be below 8% by now but it is above 10.2% (see chart to the left). They claim they misjudged the severity of the recession. Which is possible but doesn't prove a whole lot. How exactly does one evidence forth the severity of a recession accept as time goes along and so it is quite convenient to use that argument but none the less possible?

However, there is another possibility and a little more measurable and evidential. Newly released data from the very Bureau of Labor Statistics that we get our unemployment figures from released information on Job gains which takes 8 months to process reveals possibly just how they errored.

Notice the second graph to the left. Even if no job losses occurred unemployment would have still risen because no new gains in jobs were occurring but actually dramatically decreasing. This means that business owners are not expanding and investing in new business opportunities that create new jobs which the economy needs to create some 100,000 new jobs a month to keep pace with the growing labor force. For more on that see this excellent blog titled Slow Job Creation, Not Job Losses, Driving Unemployment from The Heritage Foundation where I found the graphs to the left at.

Tax decreases in times past has been the vehicle that encourages owners to expand and invest in new business opportunities which result in new jobs. But instead of tax decreases to encourage new jobs the Obama administration went on a spending spree in continuation of the Bush adminstration's resolve in the last quarter of '08 which increases taxes and discourages business owners to expand or invest in new business opportunities. (By the way many of these new business's not only benefit employment but also society as a whole as we become the beneficiary of new products worthy of our buying because they benefit society enough in some way to do so.)

So the bailouts of the Auto industry were designed to save jobs but at tax paying expense which is at new job creating expense necessary to keep unemployment low. And the stimulus package was designed to stimulate the economy in hopes that new jobs were "created or save" many of which were probably more saved then created but even if they were this too was at tax payers expense which is at new job creation expense. But even the figures headlined from a little while ago of 640,000 jobs "saved or created" by the stimulus package are in understandable dispute see California Republican Issa exposes 640,000 jobs created headline as mere propaganda in recent committee hearing for a reasonable argument for why but for a more unbiased discussion to get both sides on the issue and the congressman's comments all in context with his opposition's comments see avoidthebias.com.

So the flaw behind government spending which is that spending always comes at new job creating expense is possibly the very flaw in the failed predictions of the Obama administration which may better explain why the figures are so far off than a claimed misjudgment of the recession or at least provide another possible reason if more than one reason exists which is very possibly the case to.

See related video's below from politician in the UK and also see an unbiased fair debate on this very issue at avoidthebias.com for both sides of the argument before the stimulus package was passed and for a better understanding of the issue from both sides.





This one has gotten over 2.5 million hits since March 09. In which Daniel makes a prediction that the voters will soon have their say in the upcoming elections and the voters proved Mr Hannan to be correct. See First Canada, then UK and EU, then Japan and now Germany's recent elections give another all time worst blow to liberal politicians and UK's labour party takes the worst showing since 1918 as conservatives gain ground. YouTube video of Daniel Hannan MEP for one reason why.