Unemployment Drop Masks Ongoing Decline

Posted at 1:38 PM (CST) by & filed under Greg Hunter, USAWatchdog.com.

Last Friday, the Bureau of Labor Statistics (BLS) said 200,000 new jobs were created which dropped the unemployment rate to 8.5%.  Break out the party hats and champagne, we’ve finally hit bottom and are heading back up!  That’s the way the mainstream media (MSM) reported it, and in a campaign year, President Obama took a victory lap.   Reuter’s reported Obama said, “We’re making progress. We’re moving in the right direction. And one of the reasons for this is the tax cut for working Americans that we put in place last year. . . .When Congress returns they should extend the middle class tax cut for all of this year, to make sure we keep this recovery going.”

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