By Michael Master
This is one more time that the Obama administration has been lying to America.
As just discovered and carried on the Rush Limbaugh show of September 2, 2011, the Obama administration has been lying to America about the unemployment rate.
The amount of created jobs was just downgraded for the months of June and July. Fewer than 100,000 total new jobs were created in those 2 months. It was announced that no (zero) new jobs were added to the economy for the month of August and that is the first month since 1945 that no new jobs were created. That is the first time in 66 years.
Through many other recessions in the last 66 years, never before now has there been a month when no new jobs were created. The Obama recovery is a failure. Obama spent $1.75 Trillion on the wrong stuff. And his increased regulations are strangling business. His lack of economics understanding is killing the economy.
150,000 new people entered the work force in each month of June, July, and August (450,000 total). So that means that 450,000 new people entered the work force with less than 100,000 new jobs for them. Yet, the unemployment number stayed at 9.1%. It should have increased to 9.5%.
Why didn’t the unemployment rate increase? So how could that happen? The numbers don’t jive. How could 150,000 new job seekers enter the work force each month with fewer than an average of 33,000 new jobs be created each month, and yet the unemployment rate stay at 9.1%?
Easy, the administration has been reducing the number of people available for jobs each month in their calculations. They claim that fewer people are looking for jobs so they have been reducing the number of those who are available to work that they use to calculate the unemployment rate.
That is dishonest.
Hmmmmm. As pointed out by Limbaugh, if you only use the same number of people available for work in Bush’s last month in office when unemployment was 7.6%, then the current unemployment rate would be 11.4%. If you increase the number available for work by 150,000 per month since Obama took office, then the unemployment rate is more like 14%. That also means that the combination of unemployment and underemployment is more like 28%. And 28% means that one out of every 4 Americans is unemployed or underemployed.
This economy is every bit as bad as the Great Depression especially when you consider that the decrease in home values is more than that of the 1932 downturn.
Consider that GDP growth was just downgraded to less than 1% for the first six months of this year with an inflation rate of 3%, then the inflation adjusted growth to GDP is minus 2. It is obvious that the USA is in another recession and that Obama’s recovery is a total failure. And that is the result of 4 years of a Democrat controlled Congress, 5 years of a Democrat controlled Senate, and almost 3 years of a Democrat controlled White House who incurred a $1.75 trillion deficit without ever producing a budget.
All job losses to America in the last 20 years happened when the Democrats controlled the Senate.
This administration continues to lie. They will say or do anything to maintain power. That is all that is important to them … the well being of America is certainly not as important to Democrats as their socialist agenda. How much time did they waste on Obamacare when they should have been working on the economy? How much money did they spend on government services and infrastructure and unions with no benefits to the general economy?
The administration announced that Obama’s speech about jobs will not be a complete plan to increase jobs and decrease the deficit as it was originally advertized. It will be a call to start the dialog on how to increase jobs … but not the plan to do it.
So why in the world is Obama getting prime time on TV and calling a joint session of Congress for an incomplete recommendation? What has he been doing for the last 32 months? He is politicking. While he might be good at giving speeches from a teleprompter and convincing people to vote for him, Obama is a failure as a leader. And he is deceitful.
How much more can America endure of Obama? It is time to impeach him now before he does any more damage.
Impeach Obama for what?
– forged/altered birth certificate.
– use of dual citizenship which negates his natural born status.
– attacking Libya without authorization from Congress.
– lies about the costs for Obamacare.
– executive order for the Dream Act in conflict with a standing law.
– Fast and Furious.
– lies to America about the economy.
– wasting $1.75 trillion.
In 2008, America proved that it is not a racist nation by electing a black man as president. Now, can America prove that it believes in equality for all people by firing that black man for actions that would get any white man fired?
Michael Master is the author of “Save America Now!” and “Rules for Conservatives.” To order them, go to: www.saveamericanow.us.com
