The report's weak tenor was also underscored by revisions to June and July data to show 41,000 fewer jobs created than previously reported. The labor force participation rate, or the precentage of Americans who either have a job or are looking for one, fell to 63.5 percent -- the lowest since September 1981.
In other words, between the 9/11 attacks and their effects, Bush's mistakes (yes, he made some big ones), and Obama's anti-American policies, we have lost all the gains since the start of Ronald Reagan's presidency. Those who accuse Obama of being incompetent should look at Obama's goals and accomplishments. Obama is celebrating. As the community organizer says: "our plan is working!"