Here are the "real" facts. For 42 consecutive months, the unemployment rate has been above 8%. In the last 4 months, the rate has gone "up" from 8.1% in April to 8.2% in May; and, from 8.2% in June to 8.3% in July. That's the wrong direction. When Obama took office, the unemployment rate was 7.6%. At the same time, the workforce size was 154.2 million and there were 11.6 million unemployed. Today, the workforce size is 155 million workers and the unemployed number is 12.8 million. Net those numbers all together and you would find that the economy actually lost 400,000 jobs since Obama took office; not created them. The bottom line is that you couldn't have created x-million jobs when, on a net basis, our economy actually lost jobs.
Finally, let's not forget this propagandist chart that the President's economic team put together to justify a near trillion dollars in stimulus spending:
Click on graph for enlarged view
Here's a Daily News story on the jobs report: http://www.nydailynews.com/news/national/weak-hiring-expected-fourth-straight-month-article-1.1128191
No comments:
Post a Comment