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  • The Obama Jobs Gap: 5 Million

    jobsgapsaugust

    Defending President Barack Obama’s $787 billion stimulus package, Vice President Joe Biden said yesterday: “At the end of the day, these investments are about more than creating jobs.” There is a reason the White House is very eager to establish anything other than jobs as the metric for success that Obama’s economic policies should be measured by: they aren’t creating any.

    When the Obama administration first unveiled the stimulus plan in November they claimed it would create 2.5 million jobs by the end of 2010. At the time BLS reported that U.S. economy employed about 136.1 million jobs. But by January that number fell to 134.6 million jobs. Not so coincidentally, the Obama administration upped the job-creating magic of the stimulus to 4 million jobs by the end of 2010.

    Is there a commonality between these two sets of numbers? There sure is: 136.1 million plus 2.5 million equals 138.6 million; and 134.6 million plus 4 million equals 138.6 million. Voila: the objective, Obama administration created, BLS data verifiable, jobs accountability number is 138.6 million.

    So how is Obama’s stimulus actually performing? The Bureau of Labor Statistics reported today that the U.S. Economy lost 216,000 jobs in August, lowering total U.S. employment to 131.2 million. In other words, the Obama administration is 5 million jobs short.

    Heritage senior fellow Brian Riedl explains why President Obama’s stimulus is failing at National Review Online.

    Posted in Economics [slideshow_deploy]

    13 Responses to The Obama Jobs Gap: 5 Million

    1. Pingback: The Obama Jobs Gap: 5 Million » The Foundry : PlanetTalk.net - Learn the truth , no more lies

    2. Pingback: The Obama Jobs Gap: 5 Million » The Foundry | kozmom news

    3. Norris Hall says:

      I read this piece of outrageous news in today's Wall Street Journal

      Couldn't , wouldn't believe it
      http://online.wsj.com/article/SB12518537921847808

    4. Pingback: Monday, September 7, 2009 — ExposeTheMedia.com

    5. Bobbie Jay says:

      How many ready-filled positions in the national, neighborhood security task force (or whatever it's called today) does he have?

      …just getting ready for that opportune time…

    6. duelles, Santa Fe, N says:

      I can argue that the president has "saved" 131.2 million jobs and his deficit is only 1.3 million. Down from 132.5.

      But, I'm not as smart as the White House so I will not make that assertion

    7. Rod, Detroit says:

      Actually, he is 7 million short of the 138 million number. The 5 million shortage is against the 136 million jobs we HAD at the time the "crimulus" package was unveiled.

    8. Albert campbellsvill says:

      Just wait folks,all the so called "GREEN JOBS" are comming.We first have to find a new czar,cant do anything without a czar.Can anyone guess why young people are 25% unemployed.

    9. Brad S,, Detroit, MI says:

      Hey Norris,

      I followed that link. I really didn't want to throw the Wall Street Journal in with the likes of the New York Slime or the Washington Compost, but it looks like they "are all in" for Obama as well.

      The comments section of the article had more facts and figures in it than the "Op-Ed" piece that the skewed piece of (I use the term loosely) journalism had in it. I take some solace in the fact that most commenters on the article believe that the Stimulus bill was nothing more than political pay-back and not really intended to create (or save) jobs.

    10. Ben C, Ann Arbor says:

      Brad and Norris – I too looked at the link and to my amazement it IS "trickle down stimulus" – the antithesis of Reagan's "trickle down economics." The wisdom in Obama's approach is that they can spin results to their favor – "its not as bad as it could have been", "its worse because of Bush's policies", "its better because of our efforts." Gets a little tiresome.

    11. Lynn B. DeSpain says:

      Every promise that Obama made in his campaign he has broken. Every promise that Obam has made since election, he has broken.

      In the words of Harry S. Truman,"How many times does a man have to hit you in the head with a shovel before you figure out he ain't your friend?"

      Hozro

    12. Marsh says:

      What a Surprise!

    13. Pingback: Obama Jobs Deficit is 5 million off of Obama’s own target «YuvaBlog.in

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