UPDATE: Via Instapundit: READER KENNETH STRUMPF REMINDS US that in October of 2006 — just before the Democrats took Congress — unemployment was 4.4%. That's considerably less than half the current number.
Still going the wrong way thanks to hopey changy at the wheel:
That's four months in a row that the economy has lost net jobs. Coincidentally, Obama has stopped barnstorming to tout himself as savior of the US economy. Gee - what could have happened? 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 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 the spin: Economy loses 95K jobs due to government layoffs
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, more than 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.
Still going the wrong way thanks to hopey changy at the wheel:
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| Drunk on liberalism, driving our economy |
A wave of government layoffs last month outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 jobs.The unemployment hovering around 10% for 14 straight months? But... Obama promised!:
The Labor Department says the unemployment rate held at 9.6 percent. The jobless rate has now topped 9.5 percent for 14 straight months, the longest stretch since the 1930s.
The private sector added 64,000 jobs, the weakest showing since June.
...Nearly 14.8 million people were unemployed last month...
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, more than 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
September US jobs lost: 95,000
Total US jobs lost under Obama: 3,987,000 jobs
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