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The PJ Tatler

by
Stephen Kruiser

Bio

March 5, 2013 - 9:08 pm

Ya don’t say.

U.S. job growth likely was moderate in February as higher taxes and fears of deep government spending cuts made employers cautious, suggesting there was still not enough momentum in the economy for the Federal Reserve to scale back its monetary support.

Employers are expected to have added 160,000 jobs to their payrolls last month, barely picking up from January’s 157,000 count, according to a Reuters survey of economists. That would just be enough to hold the jobless rate steady at 7.9 percent.

A 2 percent payroll tax cut ended and tax rates went up for wealthy Americans on January 1, hurting retail sales. In addition, $85 billion in federal budget cuts, known as the “sequester,” started taking hold on March 1, a prospect that may have weighed on hiring decisions.

That’s a precious bit there at the end: “Well, we know the taxes hurt but, HEY, maybe it’s the sequester’s fault!”

Yeah…no.

Stephen Kruiser is a professional comedian and writer who has also been a conservative political activist for over two decades. A co-founder of the first Los Angeles Tea Party, Kruiser often speaks to grassroots groups around America and has had the great honor of traveling around the world entertaining U.S. troops.

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Update (as they say in the biz) - ADP report prints @ 198K for Feb and revises Jan to 215K. This is NOT a gov't report so I don't think its being manipulated for political purposes. http://www.cnbc.com/id/100527350 O want bad economic news, anyway, so he can blame it on the conservatives.
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