Obama job facts August 5, 2012, Obama lies about jobs created, Fewer jobs since Obama and Democrats took control, Higher unemployment, Lower labor force participation
“The United States economy has lost more jobs than it has added since the recovery began over a year ago.”…NY Times Sept. 20, 2010.
“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011
“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. His heart sank as he thought of the enormous power arrayed against him, the ease with which any Party intellectual would overthrow him in debate, the subtle arguments which he would not be able to understand, much less answer. And yet he was in the right! They were wrong and he was right. The obvious, the silly, and the true had got to be defended. Truisms are true, hold on to that! The solid world exists, its laws do not change. Stones are hard, water is wet, objects unsupported fall towards the earth’s centre. With the feeling that he was speaking to O’Brien, and also that he was setting forth an important axiom, he wrote:
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984”
Obama is the biggest liar to ever occupy the Oval Office. One of his big lies is misleading the American Public on job creation. He only touts the jobs created, not the net impact of his policies. Not the jobs lost. Not the people dropping out of the labor force.
Here is a simplified example that explains what is happening.
Smallville USA, a fictional town, has five companies.
During the last month company A hires 2 people and company B hires 3. The mayor, interviewed by the local newspaper, brags about job growth in the town and states that 5 jobs were added.
What the mayor fails to mention is that company C dismisses 7, company D dismisses 5 and company E dismisses 3.
Smallville has a net loss of 10 jobs. The local economy is impacted. The mayor failed to mention that. So has Obama.
The misleading information, the lie, that Obama has been touting in his speeches can be found at BarackObama.com. Everything about the presentation of job creation leaves one with the impression that Obama has netted job gains.
4.5 million private sector jobs added in past 29 months.
The graph indicates many jobs lost prior to Obama taking office and the Recovery Act being signed.
The net jobs gained is not provided and no mention of the fact that the Democrats controlled congress beginning in January of 2007 until the Republicans took the House in 2011.
Here is the acid test, the bottom line on Obama and the Democrats impact on jobs.
When the Democrats took control of congress in January 2007, the unemployment rate was 4.6 percent.
When Obama took control of the White House in January 2009, the unemployment rate was 7.8 percent.
The stated current unemployment rate is 8.3 percent.
That is job creation???
And that is not all.
The Labor Force Participation Rate has dropped. If that rate had not dropped, the unemployment rate would have been significantly higher.
When the Democrats took control of congress in January 2007, the Labor Force Participation Rate 66.4 percent.
When Obama took control of the White House in January 2009, the Labor Force Participation Rate was 65.7 percent.
The Labor Force Participation Rate currently is 63.7 percent.
My reason for quoting Orwell’s “1984” should be crystal clear.