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…
The ship is sinking. The new captain comes on board and spends a trillion to fix it; “it” being a bailout to protect public sector union jobs so they can keep donating to Democrats. In the process of adding five trillion to the deficit in forty months and another trillion for every year for the foreseeable future the water keeps coming in, the boat keeps sinking.
Every month he is the Captain, another 150,000 gallons of water fills the sinking ship as more people join the workforce. All he has to do is get that new water out of the boat, and then maybe a little more. The more he gets out the faster the ship rights itself. But Captain Obama and his crew of Czars can’t get more than about 87,000 gallons of water back out of the boat each month over the tenure of his service. For those keeping score that’s means he is leaving 63,000 gallons in the boat every month, or a shortfall of 2.5 million gallons since he took office…and that number has been climbing no matter what number the BLS announces as the official unemployment figures.
Would you pay your boat-bailer five trillion plus to add 2.5 million gallons more water to your boat? Probably not. So there you go. Draw all the graphs you want. The ship is still sinking and Obama has no idea how to stop it, even if he wants to.
