Skip to comments.Lackluster Jobs Report Underscores Epic Failure Of Obamanomics
Posted on 10/23/2013 7:03:33 AM PDT by SeekAndFind
Jobs: Here we go again, another employment report showing "unexpectedly weak" job growth. Pretty soon Americans are going to figure out, as computer geeks like to say, "It's not a bug it's a feature."
Across Wall Street, the consensus was 180,000 net new payroll jobs in September. But some investment houses had quietly raised the bar to 200,000, believing the economy had "firmed up" in recent months.
But just like Charlie Brown trying to kick the football, only to have Lucy pull it away at the last second, our nation's pre-eminent economic thinkers keep having their predictions dashed on the rocks of Obamanomics.
Indeed, the number of jobs actually created in September 148,000 is barely enough to sop up the 130,000 who enter the workforce each month, much less cut into the 11.3 million officially unemployed.
The average, by the way, for the last year is 185,000 jobs a month.
The "good news," we are told, is that the unemployment rate "ticked down" to 7.2% from 7.3%. Well, OK. But no reputable economist we know of would say joblessness north of 7% is even remotely satisfactory four years and three months into a "recovery." But that's where we are. And remember: Obama promised an unemployment rate of 5% by September of this year if we only passed his "stimulus." We did, and it isn't even close.
For individual groups that form the core Obama's voting constituency, the news is almost entirely bad. As CNSNews noted, 154,000 women lost jobs in September alone, and female participation in the labor force hit a 24-year low.
Young Americans especially minorities remain stuck in recession. The jobless rate for 18- to 29-year-olds is 11.2%, but for African-Americans it's a whopping 20.9%.
(Excerpt) Read more at news.investors.com ...
So.....since this Magic Negro has been in office, has there ever been a jobs report that did not include the word “unexpected.”
I tried to tell all of yinz Under 30’s out there.
The economy failed just as bad under Jimmy Carter.
Though only for half as long.
A word the history books will use to sum up this presidency and the socialistic model being advanced.
So, with the most generous estimate, we have 1/3 of the country with jobs. Of those, there are a significant number of government workers and, even if you do a good job at your work, you are still pulling FROM the wealth of the nation, not adding to it.
And of the private sector workers, a significant number are not earning enough to pay taxes.
So, we’re probably down to 50 million, or 1/6th of the population, supporting the other 5/6ths.
Leftie greenies are always touting their own righteousness for supporting “sustainable living”... is this “sustainable”, lefties?
If destroying western civilization is your goal, 0bamanomics is a screaming success.
Right, and amazingly even though the msm loved him a lot too, they told the truth about what was going on at the time and he got smoked for re-election.
Anyone with half a brain and a history book can clearly see the failure of ‘Obamanomics’ since it’s already been tried, and has failed, in the USSR, Communist China, Cuba, Vietnam, and on and on and on ad nauseum.
Clearly, the lessons of the past have failed to impress themselves on Americans, with results that can easily be foreseen - absolute national disaster.