Welcome to the “new normal” under Obamanomics. Â In Europe, where Keynesian economics and Democratic Socialism has dominated for decades, unemployment rates are in the 20’s. Â For the younger generation, they’re even higher. Â Â Yet, instead of learning from their mistakes, Obama and the Democrats insist on repeating them. Â Â Millions of innocent people are being hurt in the process.
After a full year of fruitless job hunting, Natasha Baebler just gave up.
She’d already abandoned hope of getting work in her field, working with the disabled. But she couldn’t land anything else, either â€” not even a job interview at a telephone call center.
Until she feels confident enough to send out resumes again, she’ll get by on food stamps and disability checks from Social Security and live with her parents in St. Louis.
“I’m not proud of it,” says Baebler, who is in her mid-30s and is blind. “The only way I’m able to sustain any semblance of self-preservation is to rely on government programs that I have no desire to be on.”
Baebler’s frustrating experience has become all too common nearly four years after the Great Recession ended: Many Americans are still so discouraged that they’ve given up on the job market.
Older Americans have retired early. Younger ones have enrolled in school. Others have suspended their job hunt until the employment landscape brightens. Some, like Baebler, are collecting disability checks.
It isn’t supposed to be this way. After a recession, an improving economy is supposed to bring people back into the job market.
Sadly, until we get rid of Obamanomics, the jobs won’t be coming back. Â Business aren’t hiring because they never know when they’re going to be hit with a costly new regulation or tax. Â Â EntrepreneursÂ aren’t willing to take the risk to start a new business in such a hostile business climate.
Donald Lambro at Human Events predicts that we’re in for “Four More Years of Pain“:
President Obama heads into the third month of his second term, still unable to find a cure for a sluggish economy, weak employment numbers and his own slipping job approval scores.
Second terms are usually challenging for presidents who have won re-election without having the slightest idea about what they will do over the next four years. And thatâ€™s what we are witnessing now with Obama, whose biggest problem is the anemic, job-challenged economy.
[…] Â The depressing headlines of the past few days tell a sad tale of what the economy is like under his presidency:
â€“ â€œWeekly Jobless Claims Get Weaker as Outlook Dimsâ€ was the gloomy headline over a Reuters news wire story Thursday morning on the CNBC website.
â€œThe number of Americans filing new claims for unemployment benefits rose to its highest level in four months last week, suggesting the labor market recovery lost some steam in March,â€ Reuters reported.
â€“ â€œHiring Is Weaker at Private Companies,â€ a Washington Post headline blared Thursday.
â€œCompanies hired at the weakest pace in five months in March as recent strong demand for construction jobs evaporated and growth in the vast services sector slowed, signs that the economic recovery could be hitting a soft patch,â€ the newspaper reported.
Thatâ€™s the conclusion of the ADP National Employment Report Wednesday, which showed â€œthat private employers added 158,000 jobs last month.â€ The ADP job survey said â€œthe gain was the smallest since October.â€
A separate report Wednesday on the services industry, the economyâ€™s largest job sector, showed that employment growth â€œpulled back in March.â€
You do not hear any of these reports on the nightly TV news because the networks cherry-pick reports that feed the White House line of a continuing economic recovery.
[…] Â Thankfully, there are economic reporters who resist touting the White House line that everything is rosier under Obamaâ€™s policies.
â€œWeâ€™re approaching the four-year anniversary of the economic recovery, and it still doesnâ€™t feel like much of one, what with the unemployment rate at 7.7 percent and wages stagnant over the past five years,â€ Neil Irwin, the Postâ€™s veteran economic analyst, recently reported.
Obama is so blinded by ideology that the tragic results of his policies on display all around him aren’t enough to convince him that his policies need to change.