The New Jobless Claims Show Obama's Spread the Wealth Plan is Working Just Fine, For Obama that Is

Here is a little scary food for thought. The new jobless claims numbers came out today for the previous week as they do every Thursday. They went back up by about 6000 new claims to come in at approximately 402,000. This number represents the number of people filing first time unemployment insurance claims. These people fall into what is called the Obama spread the wealth plan and its seems to be working just fine. Go ahead and ask him.

Here is the scary part. If the numbers keep moving in the direction they are they will fall to about 318,000 which is where the numbers were in 2007 before the recession hit. Sounds good right? The problem is that it will take about 2 years to get there. To keep this in perspective the economy needs to create 125,000 to 150,000 news jobs every month just to keep up with the growth in the work force.

In simple English, it could take approximately seven years to regain the lost jobs if the economy started producing 250,000 jobs a month. So when was the last time the economy created those kind of numbers? Back in the bad old Bush days, before Obama arrived to save us all. I know, maybe we could have another Stimulus Bill or two, yea, that should fix it. Somebody get the White House on the phone.