Unemployment Numbers Tomfoolery

Posted: 06/28/2012 in Economics
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According to Bloomberg, Jobless claims decreased by 6,000 to 386,000 in the week ended June 23.  So let’s look at the reality of this folks.  If new jobless claims are averaging over 300,000 each week, that’s a loss of over 1.2 million jobs per month.  In one year, that translates to 12 million jobs lost under Obama, just in the past 12 months.  So let’s assume Obama’s claim of creating 4 million jobs is accurate.  That means that America lost 8 millions jobs just in the past year under Obama’s economic policies.  It’s simple math:  12 mil jobs lost – 4 mil jobs Obama thinks he created = 4 mil jobs that have disappeared during Obama’s tenure.

Any way you look at it, it means that Obama’s economic policies are a complete and total failure!  And how any thinking American could vote to re-elect this type of politician, this charlatan, this empty suit, is beyond pale.  It means they are voting because of his race and ideology alone, and not on his record, which is a record of failures.

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