So today's job numbers are out and it appears the unemployment rate has once again gone up to 7.9%, which means the unemployment rate has been above 7% for over 50 months. Add to that the GDP for the 4th quarter of 2012 dropped by .1% indicating a contracting economy. ALL working Americans have just received a 2% tax increase due to the return of the SS tax to former levels, and higher income families have started paying more for their relative success. This week the President let the Jobs Council that he formed to 'create' jobs has now been shut down. It failed to meet a single time in the last year of its existence.
Daimler/Freightliner in Winston-Salem has announced 'major' (more than 500) layoffs in the very near future. Time magazine has announced 500 layoffs and Boston Scientific announced major layoffs as well.
So what among those recent headlines tells me an economic recovery is underway? Don't new jobs and an expanding economy usually come with an economic recovery?
