Still going the wrong way thanks to hopey changy:
That's three months in a row that the economy has lost net jobs. Coincidentally, Obama has been barnstorming to tout himself as savior of the US economy. The state-run, Obama-approved AP puts a hilariously positive spin on the current jobs losses, saying that even though there is a net jobs loss, it's good news because there is this teeny weeny bit of jobs growth in the private sector. It's funny but about 4 or 5 months ago when all that positive jobs growth was all public sector census workers the AP touted that number and ignored that the private sector wasn't adding hardly anything to that number. From the AP via The Detroit News, check out this headline: Companies add 67,000 workers, but jobless rate rises. After 3 paragraphs of cheerleading for the regime, we finally get to the meat of the issue:
In the bigger picture, Obama promised that 3.5 million NEW private-sector jobs will be created by the $1.2 trillion stimulus bill ($800 billion + interest over 10 years since the US is bankrupt) by 2010. Instead, 3 million jobs have been lost. Here is what has been happening with Biden's 3-letter word since last year:
Note that the blue lines are the numbers that Obama's team came up with. So the actual unemployment rate is not only worse that what would happen with porkulus, but even worse than was predicted without it. And the jobs picture:
The stimulus bill was and is a fraud perpetrated by Obama on the American people to pay back his union hacks that got him elected.Nothing more, nothing less.
That's three months in a row that the economy has lost net jobs. Coincidentally, Obama has been barnstorming to tout himself as savior of the US economy. The state-run, Obama-approved AP puts a hilariously positive spin on the current jobs losses, saying that even though there is a net jobs loss, it's good news because there is this teeny weeny bit of jobs growth in the private sector. It's funny but about 4 or 5 months ago when all that positive jobs growth was all public sector census workers the AP touted that number and ignored that the private sector wasn't adding hardly anything to that number. From the AP via The Detroit News, check out this headline: Companies add 67,000 workers, but jobless rate rises. After 3 paragraphs of cheerleading for the regime, we finally get to the meat of the issue:
Overall, the economy lost 54,000 jobs as 114,000 temporary census positions came to an end. For the first time this year, the manufacturing sector lost jobs -- down a net total of 27,000 for the month. State and local governments shed 10,000 positions.And it's not until the very last paragraph, after more whitewashing, that the AP is forced to admit this:
...The jobless rate rose to 9.6 percent from 9.5 percent in July.
Way to wrap up the propaganda piece AP!The unemployment going back up to 10%? But... Obama promised!:Still, hiring has now been weak for four straight months. That deprives consumers of cash and reduces their ability to spend. That is one of the main reasons economic growth is likely to be so weak for the rest of this year that the jobless rate could keep rising and hit 10 percent in the coming months.
In the bigger picture, Obama promised that 3.5 million NEW private-sector jobs will be created by the $1.2 trillion stimulus bill ($800 billion + interest over 10 years since the US is bankrupt) by 2010. Instead, 3 million jobs have been lost. Here is what has been happening with Biden's 3-letter word since last year:
January US jobs lost: 598,000 jobs3.7+ million fewer jobs to lose, and that's neglecting the corrections that were made to the jobs numbers from last year that showed even bigger losses. Recall that the stimulus package was supposed to stop the unemployment rate at 8%! A crisis could become a calamity? Remember that? Here's how that looks (via Michael's Comments):
February US jobs lost: 706,000 jobs
March US jobs lost: 742,000 jobs
April US jobs lost: 545,000 jobs
May US jobs lost: 345,000 jobs
June US jobs lost: 467,000 jobs
July US jobs lost: 247,000 jobs
August US jobs lost: 216,000 jobs
September US jobs lost: 263,000 jobs
October US jobs lost: 190,000 jobs
November US jobs lost: 11,000 jobs
December US jobs lost: 85,000 jobs
January US jobs lost: 20,000
February US jobs lost: 30,000
March US jobs lost: -162,000
April US jobs lost: -290,000
May US jobs lost: -431,000
June US jobs lost: 125,000
July US jobs lost: 131,000
August US jobs lost: 54,000
Total US jobs lost under Obama: 3,892,000 jobs
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