One of the primary claims at the Democratic National Convention held in Charlotte, NC, (you remember: the one where President Barack Hussein “kill list” Obama’s nomination acceptance speech was moved indoors because of a 30 percent chance of rain) is that Obama has created 4.5 million private sector jobs during his presidency. While that may be true (I cannot dispute that claim), there is more to the job creation story, or as Paul Harvey used to say, “The rest of the story.” The rest of the story? While 4.5 million jobs have been created with Obama as president, there have been 5 million jobs lost during the same period with Obama as president. Let’s see, my conservative math may need some help here from Obamaphiles, Democrats, progressives, and liberals. Five million jobs lost minus 4.5 million jobs created means a loss of 500,000 private sector jobs! That is the same private sector that Obama said on June 8 was “doing fine.”
That assessment comes from CNN, hardly a bastion of conservatism. The CNN video features Erin Burnett and Tom Foreman, so call them liars. I just found the video. At the 1:32 mark, the situation of public sector jobs lost is discussed, and 600,000 jobs were lost. At the 2:48 mark of this video, Foreman discusses the fact that about 60 percent of the 4.5 million jobs created are low-wage jobs, while about 80 percent of the jobs lost were high-wage jobs. And, at the 3:15 mark, Burnett pointed out that what Michelle Obama said in her speech was, “not necessarily true.”
Let’s not forget this little winner from Obama, who said this on September 6:
“I’ll use the money we’re no longer spending on war to pay down our debt and put more people back to work – rebuilding roads and bridges, schools, and runways. After two wars that have cost us thousands of lives and over a trillion dollars, it’s time to do some nation-building right here at home.” [emphasis mine]
Obama is last in job creation (since 1945), with a net loss of jobs. Presidents Kennedy, Ford, and Carter (all of whom served less time in office than Obama) had positive job creation. This fact means that Obama’s (net) job creation numbers are much worse than Kennedy’s, Ford’s or Carter’s.
Veronique de Rugy, senior fellow at the Mercatus Center, says:
“It is the slowest recovery ever. I would claim that there’s really no recovery at all. The last twelve months have seen the slowest wage growth ever. We also have the slowest economic growth compared to any other recovery.”
We get this from FactCheck.org:
- “Maryland Gov. Martin O’Malley challenged Louisiana Gov. Bobby Jindal’s statement that the U.S. ‘lost nearly half a million jobs’ under Obama. O’Malley interjected: ‘Not true.’ But Jindal is right. The U.S. has lost 473,000 jobs since January 2009.” [Personal observation: Does anyone remember when Obama took office? Another personal observation: Jindal said “since”]
- DNC spokesperson Debbie Wasserman Schultz, appearing on the July 8, 2012, edition of Fox News Sunday, said:
“… all three automakers have actually had record increases in job creation. They had a record June – a month of June, 7,000 auto jobs created. We’ve – we have begun to move in the right direction.”
The problem with Wasserman Schultz’s statement is that it simply isn’t true.
Not to worry. Despite the fact that 119,000 fewer Americans were working in August than in July, the “official” U-3 unemployment fell from 8.3 percent to 8.1 percent. Could the fact that (a record) approximately 88,921,000 Americans are “not in the civilian labor force” have anything to do with that drop? Or that the civilian labor force participation rate fell from 63.7 percent in July to 63.5 percent in August (BTW, the lowest rate in thirty years).”
For perspective, George W. Bush’s highest unemployment rate was 7.8 percent as he was leaving office in 2009, while Obama’s was 10 percent in October 2009. That means that, even after Obama’s entire presidency, his entire time in office, he couldn’t get the unemployment rate below Bush’s worst rate. And that after he got his 2009 “jobs stimulus” package passed by Congress, so y’all can’t complain that “Wascally Wepublicans” filibustered it. Well, y’all can complain, but y’all would be wrong.
And here’s more good news for all you “more government is the answer” fans. The unemployment rate among government workers is only 5.1 percent. That is the lowest rate among all industries.
But none of the above will even faze all you Obama Kool-Ade drinkers because y’all don’t want to hear any context, or anything unflattering about Obama. Y’all will do just like Obama: blame Bush. But, as John Adams said, “Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
But that’s just my opinion.Powered by Sidelines