Posted on 12/27/2016 10:30:46 AM PST by james59
When President Obama took office, the economy was losing 800,000 jobs per month. Today, we are in the midst of the longest streak of job growth on record. U.S. businesses have added 15.6 million jobs since early 2010. The unemployment rate has been cut by more than half from its peak. Rising home prices have brought millions of homeowners back above water. We’re less reliant on foreign oil than we have been in nearly three decades. We’ve cut our budget deficit by two-thirds as a share of the economy. Last year, the poverty rate fell by more than any year since 1968, and median household income rose at the fastest rate on record, with the typical family earning an additional $2,800. That’s a record of progress.
When President Obama took office, the economy was losing 800,000 jobs per month
the first line is a lie, we were losing 216,000 jobs per month according to US Dept of Labor
” the poverty rate fell by more than any year since 1968”
I knew it was BS right there. Obamatons have simply redefined all the metrics used. Obama is the “deporter in chief” is a lie. He simply redefined deportation to include everyone turned away and returned at the border. That wasn’t counted pre-Obama. “Incomes are up” BS. His uber wealthy cronies have certainly made lots of money, but they include their rise in the stagnation of the rest of ‘us’ to give the appearance that all have risen. Poverty rate fell because handouts count as income. Obama has given more welfare handouts than,,, anyone. More jobs created? BS. A person who has to take two or three part time temp jobs is counted as 3 total jobs. Removing millions of people from the labor pool and NOT counting illegal immigrants gives the appearance that employment is extremely low. Housing market up? Perhaps. But zero interest rates for nearly 8 years has inflated prices. Plus Chinese money is fueling the coastal property booms while Californians pay cash out of state to screw up their new hosts.
It’s all lies, damned lies, and statistical manipulation
about 60% of what is needed to break even
oh, they’re part time jobs too
It wasn’t just a WH Economist. It was economists from Harvard and Princeton.
Not that such credentials mean much these days but it does indicate some formality to the study and might not be “fake news”
Sure he did.
But what kind of jobs? Are they those part time jobs that allow employers to get out of having to provide healthcare benefits?
Sure he did.
And all of the jobs require you to ask “Would you like fries with that?”
Saying Obama has created 15 million jobs without the caveat that 95% are service industry/part time jobs is like saying the unemployment rate is 5%, without mentioning 90+ million have given up looking for work and are not part of the official count. Total delusional fabtasy...
They call it the “gig economy” - that’s Obama’s legacy.
800,000 jobs per in one month.
Let’s say for the sake of argument 15.6 million new jobs is true (not factoring in jobs eliminated or moved overseas). Over almost 8 years, that’s 165,000 new jobs per month. How is this a bragging point? I seem to recall GWB getting ripped when the number of new jobs in a month dropped below 275,000.
And one hundred of these new jobs pay more than minimum wage.
Lost 50 million + jobs, BUT gained 15.6 million part time jobs! WooHoo!!!! obunghole the great leader in his own mind! lol
Welcome to FR.
Oh wait.
Lies, lies and more lies.
I noticed that too.
Or in other words it hasn’t even kept up with a meager population growth of under 1% ... and 95% of those jobs have been temp or part time.
Fake news.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.