Saturday, April 4, 2009

More Jobs Lost on Obama's Watch

The same day the job-killing Obama budget is passed by a partisan Democrat-support-only vote in Congress, the job numbers on Obama's watch continue to plummet:

In a sign the recession is spreading unemployment woes, private sector employers cut 742,000 jobs from payrolls in March, according to ADP’s national employment report released Wednesday.

The unemployment rates continued to trend upward in March for adult men (8.8 percent), adult women (7.0 percent), whites (7.9 percent), and Hispanics (11.4 percent). The jobless rates for blacks (13.3 percent) and teenagers (21.7 percent) were little changed over the month. The unemployment rate for Asians was 6.4 percent in March, not seasonally adjusted, up from 3.6 percent a year earlier.

Since Obama has been elected, over two million US jobs have been lost. Perhaps they are small businesses trimming back in the knowledge that their taxes will go up next year. Perhaps they are power companies that see a dim future due to the cap-and-trade-and-tax CO2 plans that Obama put forward. Perhaps they see the faux stimulus as not much of a stimulus at all. What is perfectly clear is that Obama's team has no plans for private sector job growth. And bankrupting the country with trillion dollar deficits doesn't count as a 'plan' for anything except our future bankruptcy.

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