SEARCH BLOG: ECONOMY
The U.S. Bureau of Labor Statistics published monthly data on employment going back quite awhile... more than enough to track from the end of George Bush's administration to March of 2012 for this post.
U.S. Unemployment rates:
While it is true that unemployment rates are falling, there is little to indicate that anything President Obama did was of significance because it has taken over three years to get back to near the unemployment rate that existed at the beginning of his term... near, but not yet there and still over his promise to keep the rates below 8.0% And these numbers don't count those who have given up looking for work.U.S. Employment numbers (000):
Disregarding the rates for unemployment, if we simply look at the absolute number of people employed, we can see that the numbers are still below those when Obama took office. That is despite an increasing population.
So, is this another example of Obama's creative accounting? Especially if you see that 2 years after taking office there were more than 2,000,000 less people employed? Given that, Obama must be claiming that if he hadn't done what he did, there would be 6,000,000 more people unemployed than when he took office. Of course, it's hard to argue with make-believe numbers.
There are so many other misrepresentations in Obama's video that it would take much long than I'm willing to go into today. But this is a start. It's good enough to say that there is nothing in Obama's policies that have really turned the economy around. It's more realistic to say that his policies have been a major impediment to recovery.