Illustration GOP Busting Obama by Linas Garsys for The Washington Times

August’s abysmally weak job growth proved yet again that President Obama’s economic policies are a miserable failure that will continue to undermine our country until he leaves office.

The government’s report that the economy added just a minuscule 96,000 jobs last month came at the end of the Democrats’ defensive national convention, where the president, Bill Clinton and other party luminaries made extravagant claims that things will get better if Mr. Obama is re-elected to a second term.

But analysts at the Federal Reserve Board, economists and business leaders say Mr. Obama’s declining economy is not going to get significantly better this year, next year or the year after that, until there are dramatic changes in the nation’s fiscal policies. Changes Obama Democrats refuse to make.

The deepening weaknesses in the employment picture also were underscored by revisions in the June and July job numbers, which found 41,000 fewer jobs were created than was reported previously.

Not only is the rate of job growth shrinking fast in the fourth year of Mr. Obama’s presidency; the economy’s growth rate also is slowing this year to a snail’s pace: 1.7 percent in the third quarter.

But he didn’t say anything about the weak job-creation rate or declining economic growth in his speech last week. Instead, he rattled off a long list of specious claims, taking credit for things for that were not true.

He told convention delegates and the nation at large that he had saved the automobile industry and boosted overall manufacturing, too. But auto-industry employment was still 12 percent below pre-recession levels, and employment data show we lost 15,000 manufacturing jobs last month, after a string of previous job losses in that sector.

Mr. Obama was playing fast and loose with the facts throughout his speech, as in his statement that “over the last three and a half years, we have focused on righting the ship … creating 4.5 million new jobs.”

But the Labor Department says job creation during Mr. Obama’s presidency has been several hundred thousand at best. In fact, “Obama is on track to have the worst jobs record of any president since World War II,” says Washington Post Fact Checker Glenn Kessler.

Mr. Obama claimed in his convention speech that he’s had to deal with an economic recession that is the worst since the Great Depression. But Ronald Reagan similarly faced a severe recession in which unemployment rose to 10.8 percent in November 1982. (Mr. Obama’s peaked at 10 percent.)

But Reagan “put in place a very different set of stimulus measures — emphasizing private-sector leadership — and when he faced the voters in 1984, the jobless rate had fallen to 7.3 percent,” economist Peter Morici points out.

Reagan’s across-the-board tax cuts — which Democrats ridiculed at the time — injected needed capital liquidity into every part of the nation’s economic bloodstream, and the economy took off like a rocket. Quarterly economic growth rates in 1984 were 8.5 percent, 7.9 percent, 6.9 percent and 5.8 percent. Compare that to Mr. Obama’s quarterly economic growth rates this year: 2.0 percent and 1.7 percent.

Mr. Obama told the country to be patient and the economy would improve under his infrastructure spending policies. But that hasn’t happened, and forecasters are predicting growth rates in the 2 percent range at best, far too weak to create the millions of jobs needed to bring unemployment down to 6 percent or less.

Unemployment fell last month, from 8.3 percent to 8.1 percent. (It’s been over 8 percent for 43 months.) But that’s because 581,000 workers stopped looking for jobs and thus were not counted among the unemployed.

To put last month’s 96,000 jobs into sharper perspective, the economy must add 377,000 a month, or 13.6 million over the next three years, to shrink unemployment to 6 percent. That will require economic growth rates in the range of 4 percent to 5 percent — levels Mr. Obama’s anti-growth, anti-capital-investment policies cannot produce now or ever.

There is more to Mr. Obama’s bleak economy than just the shrinking number of available jobs. A devastating list of other statistics, ignored by the nightly news shows, reveals a nation struggling to make ends meet. Among them:... REST OF IT



Views: 28

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

tjdavis posted a video

In 1994, He Exposed Their Entire System… and Predicted 2026 Perfectly. | Jordan Maxwell

In 1994, He Exposed Their Entire System… and Predicted 2026 Perfectly. | Jordan Maxwell#jordanmaxwell #knowledge #technology #history #facts✅ Explore Jordan ...
yesterday
Doc Vega posted a blog post

Halloween Story No. 4 “The Curse”

 Arnold Yates had spent 20 years in big city law enforcement. Ten years as a Cop and 10 years as an…See More
yesterday
tjdavis favorited cheeki kea's photo
Saturday
tjdavis posted a video

Rock Hudson - " Seconds " Trailer - 1966

Along "Giant" , "Seconds" remained one of Rock's favorite of his movies.The film was based on David Ely' s novel.Rock was finding himself pigeonhelded in co...
Saturday
Doc Vega posted blog posts
Thursday
tjdavis posted a video

A Disturbing Pattern Happened Again... Explain This

#strange #video #strangevideos #scary #scaryvideos #creepy In this video we dig into strange, disturbing, and odd stories that sit just outside nor...
Thursday
Doc Vega posted a blog post

Halloween Story Number Three- “They Came from the Sky!"

 Werner was from Westphalia, Germany-the Northwest Region. He had been in America for a few months…See More
Wednesday
Sandy posted a video

🚨 THEY SILENCED HIM! Barrie Jennings' SHOCKING 9/11 Testimony… Then He MYSTERIOUSLY DIED! (RIP)

‼️ WARNING: This Story Will Make You Question Everything…Barry Jennings was a key witness to the UNEXPLAINED explosions inside WTC Building 7 on 9/11—long be...
Tuesday
cheeki kea commented on cheeki kea's photo
Thumbnail

message approved

"Yip damn right. t"
Tuesday
cheeki kea posted a photo
Tuesday
cheeki kea favorited Doc Vega's blog post The Fantasy Clown World I Wake Up to Everyday
Tuesday
tjdavis posted a video

NAZA Official Trailer | Mongrel Media

The trailer for NAZA, a new documentary from Yuval Abraham and Rachel Szor, two of the Oscar®-winning filmmakers behind NO OTHER LAND.Shot at night on the ro...
Oct 17
Doc Vega posted blog posts
Oct 17
Sandy posted a video

Pentagon's LifeLog vs. Facebook: Same Day Shutdown? #shorts

LifeLog, the Pentagon's ambitious data collection program, was shut down by DARPA on February 4th, 2004. Coincidentally, Facebook was registered as a busines...
Oct 16
Doc Vega posted a blog post

The Fantasy Clown World I Wake Up to Everyday

 I never could have seen this coming before I was awakened by all the BS that I became aware of…See More
Oct 15
Doc Vega posted a blog post

Why Was the Movie “The Bedford Incident” Such a Threat?

 With wars looming in the Middle East and Vladimir Putin making more threats of using nuclear…See More
Oct 14
Doc Vega posted a blog post
Oct 13
tjdavis posted videos
Oct 12
cheeki kea commented on cheeki kea's photo
Thumbnail

Oil News ( not good )

"~ Amendment. New hope on the horizon. Quick updates. Diesel sanctions on Russia Lifted ! by…"
Oct 10
Doc Vega posted a blog post

The Death Doll-Halloween Story Two

 Retired Major Lionel Eldridge was browsing items in a bazaar of relics, antiques, and curios when…See More
Oct 9

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted