The Truth: Obama’s Net Gain in Jobs Is a Negative 14 Million

the gateway pundt ^ | 7/06/16 | Jim Hoft

[blueyon]

President Obama claimed on Tuesday during his campaign rally with Hillary Clinton that the US economy is in great shape and that he created 14 million jobs. As usual, with Obama, know that the opposite is probably closer to the truth.

First of all, the US economy is not in great shape. If it was the Fed would be raising interest rates. Because the economy is not in great shape the Fed has again decided to delay raising rates. Obama will probably not raise interest rates through the end of his term with some estimates that the US will be in a recession by August.

As far as the claim that the US has gained 14 million jobs during his reign, this is not accurate for a number of reasons.

First – When Obama makes this claim he begins his calculation in February of 2010, nearly two years after he took office. If Obama would begin his count in January 2008 — which is how job growth is normally measured — the number of private-sector jobs has increased just 5.6 million.

Second – When considering the number of new entrants into the country since he took office of more than 20 million, then Obama actually lost 14 million jobs. When compared to Reagan, for the six years starting in 1982, the population grew by 12.4 million but the number of jobs grew by 18.4 million

[blueyon]

Just some FACTS to use when liberals tell you how great the economy is and Hillary is going to continue this great growth.......Just like Hillary, they are lying!

[TakebackGOP]

The author said January of 2008. He meant 2009.

[TomGuy]

I saw a clip of Obama patting himself on the back for the ‘greatest economy in 40 years.’

I took it as a direct shot to Clinton on the economy: Hands off my legacy.

Clinton had been campaigning on how bad the economy is and refering to how great the economy was under BJ.

It is difficult for her to run against the Obama economy and seem plausiable, because she was a part of the Obama administration for 4 of its 8 years.

[Paine in the Neck]

Employed Per Cent of US Population, Aged 16 yrs and Over

[vette6387]

“First of all, the US economy is not in great shape. If it was the Fed would be raising interest rates. Because the economy is not in great shape the Fed has again decided to delay raising rates. Obama will probably not raise interest rates through the end of his term with some estimates that the US will be in a recession by August.”

Actually, though it would be yet another bitter pill for the nation to swallow, going into a good old-fashioned recession in August might be the “cheapest way” out of our economic dilemma, because it would insure the election of Donald Trump.

[mcshot]

I had a meeting at an American Legion known to be very liberal. Soon a guy said the economy was the best ever as his 401K was now close to.5 mill. He attributed that to 0 and H. He also bragged about 0 care. My name was called just after he called me a “tea bagger”.

[vette6387]

“Soon a guy said the economy was the best ever as his 401K was now close to.5 mill. He attributed that to 0 and H. “

Well, I guess somehow he managed to “corral” the $300,000. that Bush/Obola managed to take from my 401K. Before the “Boosh Market Crash,” we could not spend the annual gain we were getting from our combined 401k’s. We probably “earned” at least $20,000 more than we withdrew. Now when you combine the exceptionally low return rates with the losses, our 401K’s will not last us for the rest of our lives and we are in our mid-70’s.