Update: September saw the addition of 248,000 jobs. Byt, 315 Americans dropped out of the workforce, altogether, and that has been standard fare for all of Obama's job recovery.
The media, incapable of doing its investigative job (whether FoxNews or NBC), will report that the nation hit 5.9% unemployment last month, the lowest such number since late 2008. Obama will run to the first mic available (I am certain he has already done so, today), and pretend that his ideas have finally paid off as to job creation.
Of course, he will go nowhere near the decline of the American workforce. The size of our workforce is the lowest number of Americans working or looking for work, in 38 stinking years, but, again, Fox will often forget to mention the number and the major network media probably does not know the workforce number exists.
Out of the 52 months of supposed job growth, in 47 of those months, more people left the workforce than found jobs, but the economy is doing just fine.
Understand that anyone who makes this claim does not care about the working poor, or the economic health of this once great nation. They are only partisans, and nothing more . . . . and them are the facts.
Mission Statement: This blog reviews the news of the day in light of 242 years of American history. "Nationalism," a modern day pejorative, has been our country's politic throughout history, until 2008. Obama changed that narrative. Trump is seeking a return to our historical roots. Midknight Review supports this return to normality.
Obama changed the way unemployment was counted several years ago and, now. this deception seems to be working for him. It was pure deception that brought ObamaCare into law, ended Al Qaeda, lowered the debt, and brought peace to the world. Forget about reality. Let's all pretend, and things, obviously, will be "good."
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The article cited above, is a rather silly attempt as smearing the late, great, President Reagan. Most of the economic bad news took place in the first two years of his 8 year term in office. Here is a summary of his last six years:
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He gave amnesty to 3 million illegals with the Democrat promise that they would fix the border problem. They lied and the amnesty solved nothing. Spending tripled during his 8 years to 3 billion dollars. Of course, Obama spent that much money in his first 2.5 years in office. And while Reagan’s spending is a chief complaint of the Libs, it is the Progressive Marxist community who believes that “all federal spending is stimulus.” So why the complaint? He did exactly what they preach..
Do you know who Jack Welch is? He was the CEO of General Electric. During his time at GE, he grew the value of that company by 4000% . . . . . can you even pronounce "four thousand?" There is nothing invented in the laborforce numbers, the smallest labor force in 38 years. There is nothing invented in the fact that more people left the labor force last month than found jobs . . . . . and that is consistent event defining Obama's economic failures. Do you deny that food stamps have nearly doubled? Why is that, genius? Do you deny that GPD has averaged 2.2% for all of Obama presidency? And what makes you and the Obama's more informed than a man like Jack Welch? Try to keep up and answer these questions.
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