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Posted: 7:37 a.m. Monday, Sept. 10, 2012

Obummer's Pathetic Recovery 

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By Neal Boortz

The unemployment report on Friday was an unfortunate display of Obama’s failure as a president to help our nation recover.  I say unfortunate, because millions of people remain unemployed or under employed and millions more have simply given up.  Want the specifics?  We’ve put together this handy guide to help breakdown how bad things truly are under the ObamaRecovery, considering the latest report.

  • 5.1% - The current unemployment rate for government workers, which is the lowest unemployment rate for any of 17 different categories and subcategories of industries for which employment is tracked and published on a month-to-month basis by the Department of Labor.
  • 8.1% - The current national unemployment rate, which dropped .2% because 368,000 Americans dropped out of the labor force in August.  Do you understand what you just heard?  These people –368,000 of your neighbors and friends – just said the hell with it and gave up. 
  • 8.4% - What the unemployment rate would be if the labor force participation rate had stayed the same as just last month – if those people had stayed in the job market and kept looking for work. 
  • 11.2% - What the unemployment rate would be if we had the same number of people either working or looking for work now as we did when Obama took office.
  • 14.7% - The U-6 unemployment rate, which includes all of those who are unemployed and under-employed (part-time workers who want full-time work).
  • 39 - The average number of weeks that workers find themselves out of the jobs market (the long-term unemployed).
  • 43 - The number of consecutive months with joblessness above 8%.
  • 63.5% - The current labor participation rate, which is the lowest share of Americans over age 16 in the workforce since September 1981.
  • 2025 - If we continue to create jobs at a rate of just 96,000 per month, it will take until 2025 just to return to pre-recession unemployment levels.
  • 41,000 – The number of jobs created for the prior two months were revised lower by 41,000 jobs.
  • 96,000 - The total number of nonfarm jobs created in August.
  • 119,000 - There were 119,000 fewer Americans employed in August than there were in July.
  • 173,000 – The increase in the number of food stamp recipients for the last month for which we have data (June).  Compare that to the number of jobs being created …
  • 250,000 - The number of jobs per month needed to have significant job creation impact and bring down the unemployment rate.
  • 368,000 - The number of Americans who dropped out of the labor force in August.
  • 5 million – The number of jobs still needed to get back to the point where we were in the end of 2007.
  • 20 million - The number of unemployed, underemployed and discouraged workers who’ve left the labor force altogether.
  • 31 million – That’s the population growth since 2000, yet fewer Americans are working today than in April 2000.

This is a record of crushing and stupefying mismanagement and failure.  But what do you expect from a rule who has made it clear throughout his life that he believes capitalism and free enterprise are evil and must be destroyed. 

Oh .. to be sure … now that he’s on the campaign trail he loves to talk about the wonders of free enterprise.  The trouble here is that the voters are simply too ignorant to remember his words and actions prior to the conventions and the campaign. 

 

Neal Boortz

About Neal Boortz

Neal Boortz chronicles his 42 years of talk radio in his book "Maybe I Should Just Shut Up and Go Away" Available on line and printed from Barnes and Noble and Amazon.

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