The Obama Economy Numbers

It’s been five years since our Dear Leader started his “Occupy the White House Golf Tour” and four and half years since the second worst recession since the great depression ended.  Now history tells us that the deep the recession, the stronger the recovery.

So where the recovery that should have started four and half years ago?  An actual recovery would involve replacing the jobs lost and creating news one.  Instead of that, what we have under the economic guidance of our Dear Leader is over ten million people less in the workforce than we had at the start of the recession.

The U3 unemployment rate fell to 6.7% from 7%, which normally would be a good thing.  In this case, not so much.  Let’s look at the numbers.  The economy only added about 70,000 new jobs in December.  If you have been paying attention over the past four and half years, you would know that the economy needs to add 120,000 new jobs every month just to keep up with population growth.   The drop in the BLS U3 number is explained by the 520,000 people “leaving the workforce.”  A better indicator of the health of the workforce is the BLS U6 rate.  The average U6 rate during our Dear Leader‘s reign has been 13.1%.  To compare, the average U6 rate during President George W. Bush’s two terms was 9.2%.

To further highlight just how much the current administration’s policies are negatively effecting Americans, let us review the progress made on the “War on Poverty” started 50 years ago by LBJ.







 So, as the nice man said, “Obama’s economic program of tax, spend, and regulate has been a dismal failure.”

Here is a graph from the Federalist, which points out that if ten million workers haven’t dropped out the workforce because the lack of economic growth, the U3 unemployment level would be almost 11%.   This is Jimmy Carter recession level territory, in what should be a robust recovery.


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