Economy, heal thyself.
It would be a good slogan if Obamacare, Obama, Obama fans, Obama subjects, Obama’s White House, Obama’s news media and Obama’s comedians—including but not limited to Press Jester Jay Carney-- would just allow anything to heal.
I don’t know what it is with these guys, but their version of “healing” is tearing open old wounds and adding salt thereto. And then rinse, spit, repeat.
Nevertheless, the employment report that was recently released by the Bureau of Labor statistics was, by at least one measure, a surprisingly decent report.
And as I mentioned in an earlier column, it’s a decency that I attribute to the do-nothing Congress.
“The unemployment rate declined from 7.3 percent to 7.0 percent in November,” says the BLS, “and total nonfarm payroll employment rose by 203,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in transportation and warehousing, health care, and manufacturing.”
Forget the unemployment number. It's imaginary.
The jobs aren't though.
The jobs are just another indication that the economy is beginning to heal from the first year of Obamacare. Too bad it won't last.
Make no mistake: Obamacare has done more to distort our economy, especially jobs, than anything the government has tried since World War II necessitated conscription.
And despite the talk by liberals and those in the media about just how terrible it is that we don’t have runaway government right now-- but rather gridlock-- divided government certainly seems to be working out better then the progressive majority has.
That’s probably because it’s better to not pass bills you don’t read then pass bills that you don’t read…and worse still, don’t understand.
The bad news however is that 2014 shapes up to be the Year of Obamacare II.
How bad will Obamacare II be?
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Thursday April 17th, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Wednesday April 16th, 2014 | John Ransom