<<< As to GDP and job creation, this "recovery" is without either. We discuss "joblessness" in this brief.
Update: you should know that last months negative 2% figure for GDP ended the Obama claim to fame for consecutive months of economic growth at 49 months. The Bush economy has the record of 52 consecutive months of GDP expansion.
Original content begins here:
Update: you should know that last months negative 2% figure for GDP ended the Obama claim to fame for consecutive months of economic growth at 49 months. The Bush economy has the record of 52 consecutive months of GDP expansion.
Original content begins here:
According
to the Bureau of Labor Statistics, there were 142,152,000 million people
employed in January 2009. In May 2014,
the latest month on record, there were 145,814,000 people employed–an increase
of 3,662,000 million.
He brags
about 7/8 million jobs created, since
his inauguration. What he does not
bother to tell anyone is this: his “7 or
8 million jobs created” does not include the number of jobs lost, during this same period of time, a critical omission.
Understand
that the so-called “recovery” has produced only 3,6662,0oo (million) net
jobs, not 7 to 8 million. “people employed” and “net jobs created” are
terms that deal with the very same circumstance.
In the
end, we are in the midst of a jobless
recovery, with the lowest percentage of
the workforce employed, since the late
1970’s. Obama knows this. Consequently,
all Obama statements presenting the notion of a vibrant recovery, are as false as a Russian lie.
Approximately
7 million NET jobs were lost over the years,
many of them (several million)
lost due to the heavy tax and regulation burden of this Administration. This stat,
the 7 million NET jobs lost, is
not offset with the number’s Obama spouts.
His “7 million” translates to 3.6 million folks put back to work.
Anyone
see the problem?
