Saturday, September 08, 2012

Liberal Lies About the Obama Economy

On the heels of the most convoluted Democratic National Convention in history (and that's saying something) with one of the worst acceptance speeches on record -- same old crap different campaign -- we have one of the main reasons why Barack Hussein Obama needs to be booted out of office on his ass: The fake, phony made up unemployment number that even Barry can't deny is piss poor:

U.S. jobs growth slowed sharply in August, setting the stage for the Federal Reserve to pump additional money into the sluggish economy next week and dealing a blow to President Barack Obama as he seeks re-election.
Nonfarm payrolls increased only 96,000 last month, the Labor Department said on Friday. While the unemployment rate dropped to 8.1 percent from 8.3 percent in July, that was because so many Americans gave up the hunt for work. The survey of households from which the jobless rate is derived actually showed a drop in employment.

Meanwhile, the labor-force participation rate, or the percentage of Americans who either have a job or are looking for one, has plunged to 63.5 percent — the lowest since September 1981. A total of 368,000 people gave up looking for work in August.
 So we have a smaller percentage of people in the workforce today with a population of 310 million than we did in 1981 with a population of 230 million -- 80 million MORE people, fewer eligible Americans in the workforce. If the labor-force participation rate were as high as it was when Barack Obama took office, unemployment would be 11.2%. Yet the claim is that unemployment DROPPED from 8.3 to 8.1%. The economy added 96,000 jobs -- a number that will no doubt be revised down when no one is looking as June and July's numbers were -- and 368,000 Americans STOPPED LOOKING FOR WORK. In real math terms this is a NET LOSS of 272,000 Americans from the labor force. And these types losses have occurred every month during the Obama Administration. Even with the unemployment number tricks, Barry's legacy is and unemployment rate that has NEVER been below 8% for his entire term.

Gas prices are double what they were when Barry took office, food prices are through the roof, yet we are told inflation is low and the number of food stamp recipients is at an all-time high. Shiftless Joe Biden tells us we've "turned the corner" and in his speech Barry asks for more time and that recovery from the "worst recession since the Great Depression" will require a little more time. How the hell long do you need Barry?????

As Charles Krauthammer pointed out on Special Report with Bret Baier tonight, this recession officially Barry whines constantly about ended in July of 2009 -- barely six months after he took office. He can't lay claim to turning the country around because he hadn't been in office long enough to have an impact. Nothing that he has done has improved economic conditions in our country for his entire presidency. All we have from him are broken promises and lies. Enough of this.There are those of us who knew this was a mistake before he was elected and there should be enough Americans who now know they made a mistake to join with us and boot Barry out of office in November. No less than our survival as a country depends on it. 

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