The American economy is slowly turning the corner as evidenced by the latest job statistics announced today. As President Obama stated last night, they still have a long way to go but the nation is starting to recover. America like Canada does not exist in a vacuum and both our economies are influenced by the enormous debt load of other nations overseas.
- Mowich ... Don't ever change, you're hilarious!
The job data announced today revealed that 368,000 more Americans gave up looking for work to bring the labour participation rate down to just 63.5% which is the lowest since 1981. This .2% reduction in the labour force is the only reason unemployment went down .2% to 8.1% and the real unemployment rate declined by .3% to 14.7%. A shockingly low 96,000 net jobs were created in August while the prediction was at least 120,000, the hope was 200,000 and the need if the economy was to actually grow and support new job seekers was over 300,000. Only an idiot or someone so brainwashed that he parrots the Democratic line at all times will claim the data today shows the US economy turning the corner.
As to the comparison with Canada, that is another laugher on your part because Canada under the focused, disciplined, expert leadership of a conservative economist rather than a left wing management trainee like Obama is actually doing much better than the US on every significant economic indicator. So your argument actually supports those like myself who believe the US will do better under the leadership of a conservative person who understands business.
Keep making us laugh Mowich.