Translate

Monday, May 11, 2009

No Economic Recovery in Sight, Only Inflation

Sounds like the Obama Administration is cooking the books on employment figures, according to the National Inflation Association.

From the group:
"Jobs data released on Friday shows that U.S. employers cut 539,000 jobs in April, the fewest since October. However, these numbers were artificially strong due to the U.S. government increasing their payrolls by 72,000, which included the hiring of about 60,000 temporary workers in preparation for the 2010 census.

"Government jobs are non-productive jobs that normally get paid for by taxpayers. However, because the U.S. already has a huge budget deficit with tax revenues likely to decline substantially, these jobs will be paid for through inflation. An increase in government jobs is not a sign that the economy is improving, but only a sign that we are digging our economy into a deeper hole that will ultimately lead to the U.S. dollar collapsing.
Read the full release at the link below:
No Economic Recovery in Sight, Only Inflation

No comments: