Aug 262012
 

obama unemployment graph aug 2012

Heard the latest claim that The One has created more jobs than Reagan? (from the mouth of Obama’s deputy campaign manager Stephanie Cutter)

Well, I think that worker probably has a good understanding of what’s happened over the past four years in terms of the president coming in and seeing 800,000 jobs lost on the day that the president was being sworn in, and seeing the president moving pretty quickly to stem the losses, to turn the economy around, and over the past, you know, 27 months we’ve created 4.5 million private sector jobs. That’s more jobs than in the Bush recovery, in the Reagan recovery, there’s obviously more we need to do, and as I said to Mika at the at beginning of the program, I think that unemployed worker probably sees one person in this race trying to move the country forward and that’s the president.

Just got one question with this claim.  If there were 4.5 million jobs created because of the Obama stimulus, then why do the unemployment numbers look like this?

Usually, if there are more people working now than before, the math would work out so that the number of people not working now would be lower than before, not higher.  Yet somehow the unemployment rate is higher now than it was when Obama was sworn in (and yes, I swore a lot that day).  To give you more exact numbers:

Unemployment when Obama took office – 7.8%

Unemployment now – 8.3%

Of course, we all know why unemployment is higher today than when Barry O took over.  More people are out of work.  It doesn’t matter if 4.5 million private sector jobs were created, as is being claimed.  More . . . . . people . . . . . are . . . . . out . . . . . of . . . . . work.

Pretty much explains why the lefties don’t want to talk about the number of American’s out of work, eh?

Now you’ll notice on the nice chart above the green dot in the upper right corner with the green words saying “Unemployment rate if labor force participation was the same as when Obama took office in Jan. 2009″ right after the figure 11%.  This should make you take pause, scratch your head, drop your eyebrows a bit and say “whaaaaaaaa??????”

The labor force is actually 365,000 workers smaller today than it was in June, 2009 when the recession supposedly ended. Counting population growth since then, the economy is actually missing 7.7 million workers that would be in the work force if the labor force participation rate had remained the same since the supposed end of the recession three years ago.

As Investor’s Business Daily reported on May 7, “That’s in stark contrast to every other post-World War II expansion, which saw the labor force climb by the millions at this point in their recoveries, even as unemployment rates were driven down.” Indeed, if labor force participation had stayed the same as it was when the recession supposedly ended in June, 2009, the unemployment rate would be 11%, as Investor’s Business Daily also reported on May 7. That is a more realistic number because those millions of workers missing from the work force still exist and still do not have jobs.

That is the only way that the unemployment rate has been falling at all, working people giving up and dropping out of the work force. As the Wall Street Journal reported in their weekend edition of May 5-6, “Nearly three years into the [Obama] recovery, the U.S. still employs five million fewer workers than before the recession.”

Not only is the unemployment rate higher now than it was when Mr. Hopenchange took over, but the “actual unemployment rate” doesn’t represent the real difference in unemployment between now and then because of the drop in participation.

Can you say DOHHHHH!!!!?

I don’t care what Team Obama and the progressive liberal lefties say when it comes to the job he is doing.  Obama has done nothing to help move America out of the recession we were in in when he took over, and in reality because he was unable to do anything except increase the national debt and cause uncertainty in the private sector, the very sector that made America great, Obama has done a tremendous amount of harm to America and if re-elected in 2012 he promises more of the same.

So, about that super awesome Obama stimulus…

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