Sunday, June 10, 2012

President Obama's Job Creation Nonsense

For the past 3 1/2 years President Obama and most liberals have depended on Americans to remain ignorant of facts so we don't know what's really going on or what really happened. Now he and they are hoping our math skills are so weak that we'll believe his claim of creating 4 Million jobs in the past 40 months of his policies is supposed to be impressive ... as if that amount of jobs represents an economic and employment policy success.

Problem is, Mr. President, that many of us can do basic math. The number of new jobs required to keep unemployment relatively stable is in the neighborhood of 125,000 per month. That is the number we hear consistently from both liberal and conservative analysts/commentators that are needed to keep unemployment steady.

We've also heard that approximately 300,000 new jobs are needed each month to pull America out of a recession of this size. 125,000 just to tread water. 300,000 would represent a successful economic policy. These are numbers we've heard consistently from reputable people.

If President Obama has created 4 Million jobs in 40 months under his policies that means he's created 100,000 jobs per month. Hmmmmm. That's well short of the 125,000/month needed just to hold unemployment relatively stable. (Note: the only reason the unemployment rate has fallen at all is because millions of people have stopped looking for work and are no longer counted as job seekers who are unemployed.)

4 Million jobs created may sound like a big number but when we've needed around three times that many to dig our way out of the recession you can't possibly expect us to believe your policies have been successful at all, much less more successful than your predecessor's (which drove unemployment down to 4.4% after 'his' recession).

We're not as stupid as you expect or want us to be sir.

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