On December 5th the Department of Labor (BLS – or should we say BS) continued the unemployment charade by posting a rate of 5.8%. But they might as well have said it was 5% or 3% because that number no longer means anything. Almost 12 million people have given up looking for work since Obama took office, and despite the Democrats and Obama spending almost 25 trillion dollars in just 5 years (on job creation).
It is as if entire populations of Wyoming, Vermont, North Dakota, Alaska, South Dakota, Delaware, New Hampshire, Rhode Island, Maine, Nebraska, and the District of Columbia, (plus any uncounted illegal immigrants) all had to give up looking for work since Obama become president, because they could not find it.
