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?
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I know GWB lost more jobs than Barack Obama and a lot of the reasons there are jobs lost under Obama is because of Bush's coddling Wall Street and the 'free marketers'. Give me a break–what a rag this is.As of June, 2010, 7.9Million jobs have been lost since December 2007 (while George Bush was in office where he remained to preside over the biggest financial meltdown since the Great Depression. Incidentally, GWB convened the first 'summit' with McCain and Obama to come up with the basic TARP plan and the first BIG BAILOUT, engineered by GWB's Treasury Secretary. And they did it on purpose to destroy confidence in the financial system and leave the mess for Obama so he would be hamstrung and unable to do anything else. It was all part of the plan. But it backfired. There were 99.8 M full time workers in June, 14.6 M persons unemployed. All economists know that unemployment is a lagging indicator and most business cycle downturns last at least two years, so we are just now beginning to see some positive signs. But all the negative nellies out here are not helping since their fearmongering only feeds the fears and makes folks afraid to hire new workers. So shut up already, you bunch of babies, and get back to work.
Comment by Cynthia Adams — July 26, 2010 @ 1:50 AM