"We are heading in the right direction"

-...so says pp about the 1Q12 new jobs report. Yes, the recent quarter was higher than average, but if you take the monthly additions the trend is in a diminishing rate. Jan 275K, Feb 200K, and Mar 120K. That sucks! But look the unemployment rate, it dropped from 8.3% to 8.2% says the big bopper. Dude, its because of the shrinking employment work force. (there is at least another 14.5M of underemployed workers also). The current GDP is drifting along at +1.7%/avg./mo. but if has to get to >+2.5%/avg/mo. to support new hires at a rate of 250K avg/mo to get back to the Bush era. It should be interesting when the June surge of college grads hit the market place. Another problem: the jobs that are opening up in the US of A the people don't have the proper skill sets. We will need to increase immigration rate of highly trained, but legal folks, which will impact our minorities groups. Another looming problem...the Fed printing money 7/24, major inflation issues can not be far behind. The biggest fear to the business world is all of pp's new laws where regulations have not been write yet that makes investment for the long term almost impossible. The new Dodd-Frank Law makes getting loan money up and down the economy food chain harder to obtain. Those two dudes above should be in jail doing hard time for creating the problem during the LDP-Clinton years. The deep routed family/individual financial foundation of saving money and collect compound interest also became unnecessary during the Clinton-Greenspan years, (zero interest) and still continues today, hence the birth of imaginary money that has the nation on a financial glide path to almost $ 16T national debt and default.