Unemployment has fallen to 5.9% based on the Census Bureau's Household Survey showing 329,000 fewer people responding that they were unemployed. The employer survey shows 248,000 new jobs created in September. The 80,000 difference between these two numbers will mean that the employer hiring number will be adjusted upward as more employer data is processed. Both July and August numbers were adjusted upward by 31,000 and 38,000 respectively.
The Conservative take on the falling unemployment rate is that it's because Obama's IRS Death Panels have infected White Conservatives with the Benghazi Strain of Ebola, and UN troops have moved them to FEMA camps. Once they get to the Saul Alinsky FEMA camps, the White Conservatives only get ObamaCare and die. This is freeing up jobs for illegal immigrants who bring more disease. Conservatives are doomed unless they buy gold from Glenn Beck.
It's not that you can give Obama any direct credit for the recovery other than holding the GOP crazies at bay. If they had been able eliminate safety net spending, totally deregulate everything, eliminate the minimum wage and on and on, we'd be living in 1932, except back then half the population lived on farms and had food. The dystopia the Republicans would have created as the country began to spiral toward the drain is hard to imagine. Their goal of course was to create a Fascist State, but the problem is that these people aren't half as smart as they think they are. Who knows how that would have turned out.
It's not that they've given up on their goals but the opportunity has been lost for now. They are however still actively engaged in the slow decline of America. You've probably heard that former Federal Reserve Chairman Ben Bernanke was refused a re-fi on his home loan. Rumor is that he's standing on a street corner wearing a sign that says, "Will manage financial markets for food". A report from one of the big banks says that half the people with Student Loan debt don't qualify for a home loan.
In the olden days a college a degree or a union job was the basis for the American Dream. Anymore if you want the American Dream you need to be born in China. They have more middle class then the US has people and are planning to bring another 300 million up to that level in ten years. In ten years will there be any middle class in the US?
Twitter @BruceEnberg - where you can keep up on reports from the FEMA camps
in case your Conservative relatives disappear.