Paper Moon

Even I was beginning to feel good about the recent government new-jobs report (up over 300,000 jobs) until I read the following CNBC article that puts its numbers in a more sobering perspective: CNBC Analysis. Apparently actual employment growth was only by 4,000 while full-time jobs declined by 150,000 and part-time jobs increased by 77,000. Even when things are looking up for Americans, it seems only a statistical illusion. 

One can surmise that we are now living in an Obamacare economy where job security and middle-class expansion is a thing of the past. First Senator Chuck Schumer and now the Obamacare co-sponsor, Senator Tom Harkin, is saying that the Obamacare law was a gigantic mistake … as it is far too complicated … see: USA Today Article/. (He still wants a single-payer health-care system however.)

So, once again, we see that we are living in a nation of make-believe numbers to gloss over legislative and administrative incompetence. What’s that old song, “It’s only a paper moon hanging over a cardboard sea …”?