Tuesday, May 10, 2011

U.S. Economy Continues To Worsen As Not Enough Jobs Are Being Created


Barack Obama

U.S. unemployment data released this week reveals, the economy is still in peril, as job creation is moving at a very slow place. While the economy did ad jobs, ironically, it lost more than it gained, in a very disturbing and stubborn pattern that has not relented.

The Judiciary Report has maintained for over two years, the Obama Administration is not addressing the problem of unemployment in the correct manner. Money is being doled out with very little controls, which has led to slack job creation practices and outright financial theft. A competitive bidding system with strong follow up, should have been instituted, to properly monitor the progress of the economy.

Instead, the corporations of campaign donors have received the lion's share of the job creation money and are not doing enough with the funds, to make any substantial headway in the unemployment crisis. The whole nation suffers under said scenario, which continues to happen. Washington needs to correct that.

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STORY SOURCE

High unemployment in battleground states could hamper Obama's campaign

Economy adds 244k jobs, rate ticks up to 9 pct.