July 2 (Bloomberg) — Employers in the U.S. cut 467,000 jobs in June, the unemployment rate rose and hourly earnings stagnated, offering little evidence the Obama administration’s stimulus package is shoring up the labor market.
The payroll decline was more than forecast and followed a 322,000 drop in May, according to Labor Department figures released today in Washington. The jobless rate jumped to 9.5 percent, the highest since August 1983, from 9.4 percent.
What do term limits and the 2009 economic recession have in common? They are both past their due date in the eyes of MCVPAC.
Most readers will recall the recession of 1992 that struck during President George H.W. Bush’s reelection campaign. Many factors played a role in his unsuccessful bid for a second term, but none greater than the economy. Everybody will remember the famous James Carville slogan, ‘It’s the economy, stupid.” The recession of 1992 is largely seen by politicians as an event that crippled the reelection of a politician with previous approval ratings ranging from the mid 50’s to upper 80’s.
Because of that, and because no politician in Congress wants to lose their precious seat, our Congressional leaders have done anything and everything to prevent a recession since 1992. From rewriting banking and accounting laws to pumping trillions of your tax dollars into the economy, they have spared no expense, at our expense, to ensure that the dreaded R word doesn’t inflict their hopes of returning to Washington.
Because of their actions, many top economists now believe this recession has been years in the making, years overdue. Perhaps, if the Federal Reserve hadn’t printed more money to pump into the economy and regulations existed for the security of our financial system, not the security of a politician’s reelection, this recession would not be as severe as it is.
For this reason, MCVPAC believes term limits for Congress are not only in order, but mandatory to true reform. With term limits in place, perhaps our leaders would tackle the pressing issues of our day, instead of protecting their campaign coffers.
According to Politico, Obama’s closest advisor, White House chief of staff Rahm Emanuel starts off his day on a conference call with Democratic strategist James Carville, ABC News Correspondent George Stephanopoulos, and CNN commentator Paul Begala. These are the people behind the demonizing of Rush Limbaugh for saying
“I want Barack Obama to fail,
if his mission is to restructure and reform this country so that capitalism and individual liberty are not its foundation. Why would I want that to succeed?”
MCV-PAC finds it incredible how anyone could not challenge the objectivity of news networks like ABC and CNN, whose leading correspondents spend their time on phone calls with the Obama administration. CNN and ABC have simply become a part of the Obama propaganda machine that is making sure citizens stay uneducated on Obama’s policies and hypocrisy.
Now this is nothing new for Emanuel, Carville, Begala and Stephanopoulos, they have been doing this their whole career. These calls reportedly take place at 6AM, which means they won’t interfere with any of Emanuel and Obama’s work, since reportedly Obama doesn’t read the morning briefing until almost 11:00.
It’s OK though, Obama has capped Emanuel’s taxpayer salary at $100,000. So it’s only 100 Grand we pay him to sit and figure out new ways to divide the country. What happened to President HopeChange, the Great Uniter?
MCV-PAC readers can be assured that the Obama Administration is on top of things. Today, the Obama Administration invited Twitter founder Ev Williams to the White House for an economic summit. In Williams’ own words on Twitter, ‘[this] must mean they’re *really* out of ideas.”
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Posted by aaron