Wednesday, January 29, 2014

OBLIMINATION: OBAMA'S SPECIOUS UNEMPLOYMENT MATH IN HIS STATE OF THE UNION SPEECH

Past Presidents have pursued a “trickle-down approach,” “stimulus spending,” “supply-side economics,” “Keynesian theory,” “Reaganomics,” “demand-side spending,” and various other economic policies. Economists, politicians, and business leaders argue about the merits of each of these policies, arguing they are or are not “fuzzy math.” Scot Vorse/Breitbart

However, there is nothing fuzzy about Obama’s policy of “Oblimination.”

Tuesday night, President Obama in his State of the Union address said, “Here are the results of your efforts: The lowest unemployment rate in over five years,” touting the “success” of his policies in reducing the unemployment rate down to 6.7%.

Concluding that this drop in the unemployment rate is a good development is not only false, but it is also outright mean to the millions of Americans who can’t find a job because of his failed economic policies.

The most recent employment report clearly illustrates his insensitive deception....