The economy needs to create at least 150,000 new jobs every month just to keep the ship from sinking any further (and the ship is already in pretty deep). That 150,000 keeps us where we are, wherever that may be. With the lowest labor participation rate in decades here is not so great.
But Democrats would rather talk about the 27 month scenario in which Mr. Obama’s economy (that is not his economy) has created private sector jobs for 27 consecutive months. Under the best of circumstances his tenure has seen the creation of maybe 158,000 jobs every month–in 27 months. But he’s been President a lot longer than that.
If we start with the salvation-stimulus and its promises–like we’ll never see 8% unemployment which is true if by that you mean we haven’t been able to get down to 8% since the stimulus–and include all the months in the Obama Presidency he has only created 87,000 jobs per month. After stimulus, jobs bills, mortgage bills, car loan bills, TARP 2.359, Bride of stimulus, and every bill was a jobs bill bill, we added five trillion to the deficit, grew every department there was by 30-50%, and still can’t come up with an economy that doesn’t’ run 100,000 jobs short every month Obama is in office just to tread water. And maybe water will give you a better perspective of how bad this really is…
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