Obama officials claimed manufacturing would produce growth. Most sector jobs created were managerial, supervisory and professional.
In 2012 Q II, net rank and file job creation declined by 170,000. It shows contraction, not growth. Expect acceleration ahead. New factory orders slumped in June at the worst rate since 2009.
Public workers have been declining for over three years. State and local governments have been especially hard hit.
Construction also shows contraction. In Q I, 13,000 jobs were lost. In Q II, another 42,000 were eliminated. Ahead things look worse.
Putting a brave face on dark times doesn't wash. Sooner or later even cockeyed optimists will come around. Weather expertise isn't necessary to know which way the wind is blowing.
GE chairman/CEO Jeff Immelt also serves as Obama's Council on Jobs and Competitiveness head. His idea of a jobs creation program, said Rasmus, is "more free trade and deregulation in exchange for hiring a couple thousand jobs temporary status workers in the US at half pay."
America's duopoly power enforces this and other destructive policies. Imagine if current or future leaders go too far, especially on issues affecting world peace.
Evolutionary biologist Ernst Mayr (1904 - 2005) expressed concern. He said human intelligence doesn't guarantee survival. He believed beetles and bacteria stand a better chance.