No Jobs At No Wages

....that's the Democrat economic philosophy in a nutshell - at least no entry level jobs, anyway:

The government reported the U.S. lost 49,000 jobs in May as the unemployment rate rose by the largest amount since February 1986.

The Labor Department reported the fifth consecutive month of declines in nonfarm payrolls. The decline was better-than-expected however, as economists had been expecting a 60,000 job decline for last month.

The unemployment rate, which is calculated separately by a survey of households, soared to 5.5% in May. Wall Street had only been expecting a slight rise to 5.1%. It’s the highest the rate has been since October 2004.

Oooooh, sounds like a report that couldn't be any doomier and gloomier if it came from Obamanation itself, huh? Now go one 'graph further:

The government reported that the number of people classified as unemployed jumped by 861,000 last month to 8.5 million. According to the Bureau for Labor Statistics, the increase in unemployed people is a reflection of job cuts as well as new and returning job seekers. It also said the unemployment uptick was “disproportionately large” among 16 to 24-year olds. [emphasis added]

Next questions: Which jobs do members of that demographic tend to disproportionately seek? Minimum wage, or entry level, jobs. What did the Donk Congress pass last year? A huge minimum wage hike. What is the end result of this particular economic correlation? Ask Jerry Bower:

Ask yourself a few questions: Why did unemployment surge at a time when unemployment compensation claims are historically low? More to the point, how could unemployment spike this much without a coinciding spike in corporate lay-offs?

The answer to all of these questions is same: because very few people lost jobs last month. This huge jump in the size of the unemployed comes from new entrants to the economy – hundreds of thousands of them. In short, well over 600,000 people who were not job-seekers in April became job-seekers in May. And who starts looking for work at the end of spring? That’s right – students. Hundreds of thousands of students are looking for work right now, and they’re not finding it.

Annnnnd who is to blame for this economic injustice? THE DEMOCRATS:

Congress is to blame. Last year Congressional Democrats (along with some Stockholm-Syndromed Republicans) passed the Fair Minimum Wage Act of 2007, which started a phased hike of the minimum wage from $5.15 an hour to $7.25. Free market economists warned them that this would increase unemployment – that rapid increases in unemployment compensation hit teens and minorities the hardest. But the class-warriors are running the people’s house now, and they would hear none of that, so they took to the floor, let loose the dogs of demagoguery, and saddled America’s pizza parlors, municipal swimming pools, house painting businesses and lawn mowing services with a huge cost increase.

Which they're offsetting by the straightfoward implement of cutting 600,000 entry level jobs this summer.

What does this little exercise illustrate? That the only thing Democrats produce is scarcity, and the only thing they increase besides the federal debt and their own skimmed personal fortunes is everybody else's costs, while forbidding us from recouping them. Here the Dems drove up the cost of entry-level labor, and the result was MANY fewer entry-level jobs. They tried to drive up the cost of energy even further with Lieberman-Warner, which would have (and eventually will) lead to energy price controls and the return of those twin 1970s phenomenons, gas lines and freezing to death in the winter. And they can't wait to roll out another Health Security Act, which will precipitate the equivalent debacle in medical care, and perhaps even reverse the Mexican influx into the U.S. after our safety hammock collapses.

Libs religiously adhere to the stubborn antithesis of the TANSTAAFL principle, known as, er, TITSTAAFL: There IS TOO such thing as a free lunch!

And there is, you know - as long as we, the taxpayers, can be syphoned to pick up the tab. And if we, the taxpayers - including all those unemployed youngsters who are free to go volunteer for Lucifer's Triumphal Procession - keep voting for the syphoners, they'll get more and more powerful as more and more Americans go on the dole, and become less and less able to keep the gravy train rolling as fewer and fewer taxpayers will be left to tap - until, eventually....