The Jobless Decade

Forbes reports:

When the Bureau of Labor Statistics reports employment figures Thursday morning, economists expect the U.S. to take a big step toward an ugly milestone.

If, as expected, 363,000 jobs were eliminated last month, it will mean 131.8 million people are working in the U.S.--the same as May of 2000. If another million jobs disappear by the end of the year--likely, without unexpected improvement--an entire decade of employment gains will have been wiped out. In January of 2000, there were 130.8 million jobs in the country. "It's not that those jobs weren't needed. The labor force has grown by nearly 13 million people," says Heidi Shierholz, an economist for the Economic Policy Institute.

The Bush-Obama- John Maynard Keynes spending binge doesn't produce jobs. What better proof than this that Keynesian economics is a complete fraud?