As I speculated in my post last night, the winds was out of Obama’s sails during his now-widely panned convention speech. Not only was it a mere rehash of all of the speeches he’s given since 2008, Obama knew about this morning’s awful jobs reports. It’s not just awful, it is downright disastrous. It is the worst jobs report of the year and continues a backwards slide.
FACT: We had entered a Recovery BEFORE the 2009 Stimulus was passed. Ever since that law was implemented, and Obamacare was passed, our economy has been in a long, slow slide into oblivion. Today’s news confirmed it. These are the facts, folks. It cannot be denied. Obama had full control of the goverment from 2009 to 2011 and so we are living in HIS economic infrastructure.
The number of Americans whom the U.S. Department of Labor counted as “not in the civilian labor force” in August hit a record high of 88,921,000.
In July, there were 155,013,000 in the U.S. civilian labor force. In August that dropped to 154,645,000—meaning that on net 368,000 people simply dropped out of the labor force last month and did not even look for a job.
There were also 119,000 fewer Americans employed in August than there were in July. In July, according to the Bureau of Labor Statistics, there were 142,220,000 Americans working. But, in August, there were only 142,101,000 Americans working.
NINETY MILLION AMERICANS ARE NO LONGER IN THE WORKFORCE? And someone will try to defend the economic & Obamacare policies as HELPING? I call “bullshit” from now to November.
But wait, folks…. there’s more!!! Obama has completely gutted the future of those who believed in him the most in 2008: Young Americans.
For most Americans, today’s jobs report was merely bad. For young people, though, the news was just downright awful.
After declining for most of the summer, the unemployment rate for workers between the ages of 16 and 19 popped up again, rising from 23.8 percent to 24.6 percent. Among 20-to-24 year olds, it hopped to 13.9 percent from 13.5 percent in July.
I honestly was NOT expecting the news to be THIS bad. I figured another middling employment gain of 150-200K which could bolster the phantom idea that “things are getting better.”
Today, the bottom fell out of Obama’s re-election. He was already standing on a rotted platform.