I like what Jim Hoft called Barack Obama, the “Unemployment President.” I thought the 70’s and early 80’s were bad, under Obama and fellow Democrats it could get even worse.

More jobs have been lost under Barack Obama than any other President in the modern era. The unemployment rate for December 09 was 10%. In just 11 months 4 million jobs have been lost, but that wasn’t supposed to happen with the failed stimulus plan, remember that promise?

USA Today has this write up:

Even before Barack Obama took the oath of office, his economic advisers projected that without hundreds of billions of dollars in government spending, the U.S. economy could lose another 3 million to 4 million jobs on top of the 3.1 million lost in 2008.

It turns out they were optimistic. Even with the $787 billion stimulus package that Obama signed in February, more than 4 million jobs have been lost in 2009, the worst year for job losses since World War II. The jobless rate that advisers projected would peak at 8% has topped 10%.

This President wouldn’t know what it takes to create jobs, because after all he’s never owned a business, never ran a business, the only thing to his credit is “community organizer.” It’s going to be LOOONG three years. Is it safe to say Obama has “Out-Jimmied” Jimmy Carter?

Related posts:

1. Has Barack Obama Lost His Democratic Base?
2. Harry Reid: “It’s a Good Day. Only 36,000 People Lost Their Jobs” (Video)
3. Mark Levin: Obama ‘Biggest Disaster in Modern American History’
4. Obama’s One Big Accomplishment: Shatters Spending Record for First-Year Presidents
5. Karl Rove: Obama Versus Bush on Spending