Bank of America Up to Their Old Tricks Personal Insolvency Surges and Tax Revenues Decline
Nov 17

This goes beyond ridiculous. Each month we have to deal with the nonsense that comes from this government regarding job creation. The government reports “estimated” jobs that have been created that the Department of Labor doesn’t count. Thus far, they have added 86,000 jobs.

Then Fox News and ABC News reported some more disturbing news this morning. President Obama has claimed over a million jobs that have been saved as a result of his stimulus package. Of course, he thinks we need another round of stimulus money. Well, let’s take a look at how well that first found is going. After all, it has saved all of these jobs right?

The government website that tracks the so called “recovery” states the number of jobs that were created in the 15th district of Arizona, the 86th district of Arizona, the 42nd district of Connecticut, the 1st district of the Virgin Islands, the 99th district of Puerto Rico, and the list goes on. The problem is that NONE of these districts even exist.

Another illustration created by this administration. They are doing nothing to create jobs in this country. They are making up statistics to make them look as if they are creating jobs. The administration states this was caused out of human error. Really? Did they hire a 7 year old to compile the data? Pardon the conspiracy theorist in me…this was no error. This is what this government does with statistics.

Remember that a struggling jobless economy fits in very well with a socialistic agenda. Of course, while Americans are having a tough time and out of work, our President is flying all over the world getting photo ops with world leaders and holding town hall meetings. We need to open our eyes.

I want to go back to what I wrote in my stock market outlook. The stock market is going gangbusters based on the notion of recovery and an administration that is fixing the unemployment problem in America. The reality appears to be far from that reality. This is the risk to investors today when the markets wake up from the fantasy dream and take a look at reality.

I hope that I am wrong. I also don’t like writing so much that is negative. At the same time, it just doesn’t add up.

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