Tuesday, June 19, 2012

Pandering takes precedence

Just a quick point about priorities, utilizing a few current articles: Obama's failed polices hold us in a prolonged recessive limbo, especially the citizenry's younger households and employment seekers...

CNBC: Job openings fell to a five-month low in April and showed their sharpest percentage decline in about seven and a half years, according to a government report Tuesday that helped confirm a slowdown in the labor market.

The Job Openings and Labor Turnover Survey, or JOLTS, indicated 3.4 million job openings at the end of April, an 8 percent decline from the previous month.

The pace of total hiring also slowed, with 160,000 fewer jobs filled during the month.

Moreover, the drop showed weakness across the employment spectrum, with manufacturing seeing 62,000 fewer job openings and construction dropping by 2,000.

NewYorkPost: Young US households — those aged 35-to-44 — lost a stunning 59 percent of their wealth during the recession, a government report released yesterday revealed.

That’s the stiffest hit of any age group, said the report from the US Census Bureau.

The age group — typically struggling with mortgages, tuition bills and rising tax bills — makes up the backbone of America’s middle class.

The losses were mainly due to the drop in the value of their homes during the 2005 through 2010 period, the report said.

“Lower- and middle-income households got especially creamed because their biggest asset is their home, and that got crushed,” said Mark Zandi, chief economist at Moody’s Analytics.

Overall, the average family lost 35 percent of its household wealth, composed largely of home values and stock investments.

But remember, the private sector is doing fine...



...so Obama's solution is to exacerbate the issue with another executive overreach, issuing an illegal alien amnesty on last week that will place more pressure on an already unstable job market and the overall bruised economy that still hasn't recovered? This is no solution.

TheWashingtonPost: Opponents of illegal immigration warned that the policy could create significant new competition for jobs and university slots at a time of nationwide recession and numerous states’ efforts to curb public spending.

“I see a tidal wave coming,” said Brad Botwin, president of Help Save Maryland, a group that opposes legalization for undocumented immigrants. “Half of our college graduates today can’t find jobs, and the unemployment rate for high-school-aged Americans is extremely high. This is unfair to U.S. citizens and legal immigrants who are out there struggling to get ahead.

Bottom line: For the statist, pandering for votes, from illegal sympathizers or illegals themselves (to hell with VoterID laws, this administration says), takes precedence over the immediate improvement of our nation's citizens and their finances. Anything to reshape the nation into a one party rule, even if it's to their own detriment. And some still wonder why so many have come to view Obama as an unAmerican or post-American president?