Obamanomics Four Years Later: Unemployment Was at 7.8% Now It’s at 7.9%

FacebookGoogle+RedditTwitterPinterestTumblrEmailShare

What a difference 4 years makes.

Or not.

Looking at the unemployment number (7.8%) from January 2009, the month Obama became president, next to the unemployment number (7.9%) from this January it doesn’t appear that any of the Democratic Party’s economic plans have done anything positive.

Liberals will argue – stretching credibility now – that had Obamanomics not been in force the economy would be in much worse shape however there are most than 1.5 million people who are no longer considered to be “unemployed” (they’re on disability) and 8.5 million people, in general, left the labor force:

Lost in these headline numbers was another rise in the number of people not in the labor force.

This number now stands at a staggering 89 million, up from 80.5 million when President Obama took office.

This means that there are currently 8.5 million more Americans not in the labor force than just four years ago.

Add to this the fact that the Democrat-controlled U.S. Senate has not passed a budget since Barack Obama became president and we have more debt ($787 billion from the “stimulus” alone).

Obama has been furiously added regulations to the economy that hurt growth, 68 per day as of November 2012 not to mention job killers such as turning down the Keystone Oil pipeline not to mention the Obamacare medical taxes set to hit this year.

Here is how the numbers shake out:

US_EmpStatsBLS_Jan09-Oct12

Since WWII this nation has never seen such a slow recovery.

 

 

 

 

About Harrison
Owner and operator of Capitol Commentary.

4 Comments on Obamanomics Four Years Later: Unemployment Was at 7.8% Now It’s at 7.9%

  1. The Obama administration and the liberal media are continuing their push to spin all of this news as something positive. I am somewhat surprised that they haven’t found a way to blame George W. Bush for poorly the Obama economy has performed. Give them time and they will probably come up with something.

    I honestly wonder how much longer they can continue to deny reality.
    LD Jackson recently posted..Immigration Reform – Reality That Can Not Be Denied

  2. It takes the willing suspension of disbelief–and ignoring the fact that people are dropping out of the workforce–to make the claim that the economy is any better now than it was four years ago, yet that is precisely what the Democrats, Barack Obama, and the MSM would have us believe.
    Steve Dennis recently posted..The Obama regime makes the case for using drones against American citizens

  3. …and whatever growth we have is in large part due to growth in industries the executive branch hates, like oil and gas.
    edge of the sandbox recently posted..No Country for R&B

Comments are closed.