There's a reason. His re-election depends on the below numbers going into full reverse--and they won't.
This continues to be the longest streak — 41 months — of unemployment of 8% or higher since the Great Depression. And recall that back in 2009, Team Obama predicted that if Congress passed its $800 billion stimulus plan, the unemployment rate would be around 5.6% today.
It gets worse....
...If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office—65.7% then vs. 63.8% today—the [top-line] U-3 unemployment rate would be 10.9%.
Oh yeah? What about the Boomer Retirement thing??
Even if you take into account that the LFP should be declining as America ages, the unemployment rate would be 10.5%.
The labor force is growing at ~150,000/month, and 'jobs' is growing at ~75,000/month since Obozo took office. You can toss out the first two years and blame Bush--but that doesn't account for now, does it?
2 comments:
Romney is the perfect successor to Obama-Bush. The few remaining US jobs can be outsourced and Mitch and his buddies can offshore the rest of their liquidity to the Caymans...and you're worried Obama's ruining America?
Stop buying ammo and start smelling the toast.
Yah, that (D) dominance works real well.
Ask the municipal employees of Scranton, PA.
I'll take my chances with an honest businessman any day over the lying scumsucker in the White House.
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