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State of the economy

The next time some libtard tells you that the left cares about jobs and is actually concerned about employment, remember this Bloomberg report on how bad things are:

McDonald’s Corp. (MCD), the world’s biggest restaurant chain, said it hired 24 percent more people than planned during an employment event this month. McDonald’s and its franchisees hired 62,000 people in the U.S. after receiving more than one million applications, the Oak Brook, Illinois-based company said today in an e-mailed statement. Previously, it said it planned to hire 50,000.

Bold is me. Get that? 1 million people applied for work at McD’s. That’s one million. That’s one million people without jobs willing to work at McD’s and ask you if you would like fries with that. Some 62K got jobs. That’s how the demcorats create jobs for ya. Obama was too busy to comment. Joy, joy.

UPDATE: Lucky for those of us that are not insane, it looks like most Americans get it. This economy sucks. What the left believes in sucks. The dollar is in a death spiral, and they don’t care. For those of us that know history means something, there is this great article about the Reagan vs. the Obama recovery

Growth: It’s been nearly two full years since the recession officially ended, and the economy is still struggling to get off the ground. It didn’t have to be this way. When the Commerce Department released its estimate for first-quarter growth — a meager 1.8% — President Obama’s chief economic adviser, Austan Goolsbee, at least conceded that “faster growth is needed to replace the jobs lost in the downturn.”

And granted, the economy needs to expand by at least 2.5% just to keep up with growth in the labor force. So at 1.8%, we’re essentially losing ground, a fact that last week’s 429,000 initial jobless claims underscores. But what Goolsbee didn’t acknowledge is that the economy could be growing at a much faster rate, and would be if it weren’t saddled with Obama’s reckless policies. How do we know this? Compare the two worst post-World War II recessions. Both the 1981-82 and the 2007-09 downturns were long (16 months and 18 months, respectively) and painful (unemployment peaked at 10.8% in 1981-82 and 10.1% in the last one).

What’s dramatically different, however, is how each president responded.

Obama massively increased spending, vastly expanded the regulatory state, and pushed through a government takeover of health care. What’s more, he constantly browbeats industry leaders, talks about the failings of the marketplace and endlessly advocates higher taxes on the most productive parts of the economy.

In contrast, Reagan pushed spending restraint, deregulated entire industries, massively cut taxes and waxed poetic about the wonders of a free economy.

For the economic illiterates this means Reagan trusted in the ingenuity of the American people, set them free of their government bureaucracy, and they flourished. Obama on the other hand expanded government, scammed the tax payers out of over a trillion dollars for his friends, lobbyists, operatives, and the many demcorat campaign coffers, and has run the most anti-business government – unless you are one of these mega corps in bed with the left of course like GE – since the stupid demcorat imposed schemes, laws, and scams resulted in the worst economic collapse of my life time, then promptly blamed Bush for that.

4 comments

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  1. Seattle Outcast says:

    I’d be interested in seeing how many of those new McJobs are being filled with people that hold liberal arts degrees versus engineering/science degrees….

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  2. AlexInCT says:

    Would you like fries and a 13th century French poem with that?

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  3. samsgran1948 says:

    Actually, a McJob isn’t always the dead end it’s portrayed as being. Most fast food chains promote from within. If you are always on time, perform your assigned tasks to management’s satisfaction and show the least bit of initiative and ambition, your chances of promotion are pretty good. I worked in the fast food industry for many years and saw that progression occur over and over. (Yes, I made it up that ladder myself.) Most employees are kids working for gas money or saving for college and they leave without ever getting beyond their initial job. But even without a promotion, a McJob on a resume demonstrates to a future employer that they are willing to accept an entry level job and will work for their salary. And ask any professional chef: almost all of them started out as a dishwasher or bussing tables.

    Don’t let the Left’s distain for any job that doesn’t involve being paid hundreds of thousands of dollars plus big bennies to sit at a big desk and think great thoughts color your view of blue collar jobs. Just remember how much you had to shell out the last time you called a plumber or an electrician. The work might not be pretty but it sure pays a lot.

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  4. JimK says:

    Actually, a McJob isn’t always the dead end it’s portrayed as being. Most fast food chains promote from within. If you are always on time, perform your assigned tasks to management’s satisfaction and show the least bit of initiative and ambition, your chances of promotion are pretty good. I worked in the fast food industry for many years and saw that progression occur over and over. (Yes, I made it up that ladder myself.)

    In my younger days I had the exact same experience. in the mid-late 80s I was making $10.50 an hour as an assistant manager at a Wendys while still in high school, because I came in on time, volunteered for shit jobs (bathrooms and grease trap duty wins you bonus points at raise time!), worked every station and was never short on my cash drawer. Shift leader, assistant manager, then I got offered a store upon graduation, but i was 18, with my first apartment, a 21 year old friend to buy booze and a new live-in girlfriend. So that didn’t happen. :)

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