What should you call a president who falsely keeps claiming that he’s created millions of jobs when in reality he’s annihilated more than EIGHT MILLION JOBS since taking office???
I call him a liar.
Barack Obama is a pure, distilled liar. When I heard those Jeremiah Wright sermons, and understood that Barack Obama had spent more than twenty years voluntarily submitting himself and his family to a toxic church under a racist, un-American, Marxist preacher, I KNEW that Barack Obama was a truly evil man. I had a vision of America uner this wicked man – and it looked like our present state.
Thirteen million Americans are now out of work and simply not being counted. Well under 2/3rds of the potential American labor force that ought to have jobs are working. Or, to put it another way, more than a THIRD of the American workforce has been completely shut out of the work force under this presidency and the “leadership” of a Democrat Party that hasn’t even bothered to write a budget in 1,024 days.
Where are the jobs?
Three years ago yesterday Barack Obama signed his $800 billion Stimulus into law in Denver, Colorado.
He said would save or create 4 million jobs and that the unemployment rate would be below 6% by now. He failed.
Obama’s spending didn’t stop with the Stimulus of course. In fact he’s piled up more than $4 trillion of new debt during his first three years with more than a trillion of additional red ink expected this year.
Still the question remains, where are the jobs? Today more than 13 million Americans that want a job can’t find one. Another 4 million Americans have given up even trying to find work. Five million jobs lost in the recession have yet to return. This has already been the deepest and longest lasting recession since the Great Depression. Barack Obama squandered trillions of dollars and American’s still wonder, “Where are the jobs?” he promised.
The following graph is courtesy of the House Republican Study Committee (RSC). It charts the steep decline of the Labor Participation Rate (LPR) from January 2005 to the present. The LPR represents the number of people employed or looking for a job out of the total age-eligible workforce. It is an indication of the confidence level in the state of the economy. It’s not a very encouraging picture, and yet another serious indictment of the failed policies and wasteful spending of this Administration.
From the Republican Study Group:
Democrats said their costly plan ($1.2 trillion, including interest) would “save or create” up to 4 million jobs and bring the unemployment rate down to about 6% today. The unemployment rate has not fallen below 8% at any point in the last 36 months. Furthermore, the official unemployment rate does not actually count unemployed people who have given up looking for work.
The above chart shows the “labor force participation rate.” This statistic represents the share of working-age Americans who are either employed or unemployed but looking for work. It is not a pretty picture. Only 63.7% of working-age Americans are currently in the workforce – the lowest in almost 29 years!
To put it another way, 36.3% of working-age Americans do not have a job and are not even looking.
Here’s another sobering chart that comes to the same conclusion. Only it also points out that Obama has actually manufactured a jobs holocaust by destroying EIGHT MILLION JOBS:
That prompted this exchange between Rep. Tom McClintock, R-Calif., and the CBO director. “Let me ask you, are there more people working today or fewer people working today than at the — on inauguration day of 2009?” McClintock asked.
“I believe the answer to that,” said Elmendorf, “is there are fewer people, congressman.”
Even Ezra Klein states that if the same labor force participation rate applied from the Bush years, the actual Obama unemployment rate would be at 11 percent. James Pethokoukis of Reuters calculated it at 11.3 percent. And Tyler Durden using the most recent data calculates it at 11.4%.
It’s an economy for people who love living off the government tit while working Americans struggle more and more to deal with the consequences of staggering government debt. It’s an economy for people who frankly despise America and believe it should be just one more mediocre country among all the other mediocre countries.
The real unemployment rate, according to Gallup, is over NINETEEN PERCENT.
Oh, and one other thing: after creating permanent unemployment over the Republicans’ repeated objection, Obama has created a permanently unemployed and unemployable “worker” who is now filing for disability to further weaken our collapsing Social Security system even as Obama used political demagoguery to seize another $100 billion from a system that is teatering on the verge of bankruptcy.
Obama’s only talent is blaming Bush and demonizing Republicans for everything that he’s been responsible for over the last three years and change. We’re going down hard under this failed president’s “leadership”; and we deserve to fail until we refuse to tolerate him for one more day and force him out of office.