The unemployment rate rose to 9.2% as hiring slowed to a near-standstill last month, the government said today—as employers added the fewest jobs in nine months.
The Labor Department said the U.S. economy generated only 18,000 net jobs in June. And the number of jobs added in May was revised down to 25,000. The nation’s unemployment rate ticked up to 9.2 percent.
“The economy is not producing nearly enough jobs,” said Obama, stating the obvious. He added that Congress should not wait to act on measures to boost job growth.
But what are those “measures?”
Neither Obama, nor anyone else in government (or the media) has dared to say what it will take to boost job growth.
This is because Big Business is vehemently opposed to the only steps that can really create jobs.
Jobs cannot be created out of thin air. Jobs cannot be created by tax breaks. Jobs can only be created by increased demand.
Since 70% of the U.S. economy is based on American consumer consumption, and many of those consumers are out of work, what can be done?
The solution is simple—bring back the jobs to America—bring financial power back to the American consumer. This is the only way the American economy can revive, or even survive.
Big Business makes huge profits through the use of cheap foreign labor. However, this is a short sided approach which has led us to the disaster of high unemployment—and the decline in the force that drives the American economy—the consumer.
Bringing the jobs back to America means more than curbing imports—it means taking jobs away from America’s large illegal immigrant workforce and giving those jobs back to Americans. Only 25% of the jobs held by the illegal alien workforce are agricultural or working in restaurants—the illegals have taken a lot of higher level jobs from Americans.
As we wrote in our prior article, Bernanke Puzzled – here’s why, just getting rid of illegal alien workers alone would solve the problem:
According to the U.S. Census, there are 8 million illegal immigrants that are employed.
If the 8 million illegal immigrants were to lose their jobs and be replaced by Americans, there would be only 5 million unemployed Americans, and the unemployment rate would drop to 3.7%.
Of course there are difficulties involved in getting rid of the illegal alien workforce. There may be even more difficulties in curbing the import of foreign labor.
Whatever those difficulties may be, the biggest difficulty of all is the greedy and un-American combination of Big Business, Big Government, and Big Media.