American Elephants

Here’s How it Works Out in the Real World! by The Elephant's Child
December 3, 2010, 11:03 am
Filed under: Capitalism, Economy, Law, Taxes | Tags: , ,

U.S. employment barely grew in November, and the jobless rate unexpectedly jumped to a seven-month high.  The jobless rate rose to 9.8 percent.  Nonfarm payrolls rose by only 39,000 the Labor Department said today.  Economists had expected payrolls to  increase by 140,000 last month and the unemployment rate to be unchanged.

The experience of small businesses like these folks is being replicated across the country.  Departments of the Obama Administration are continuing to issue regulations — increasing government control of the economy — yet the regulators can’t figure out why the private sector is not creating more jobs.  It’s simply a mystery.

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