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08-10-2009, 02:08 PM #1
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Obama Has Saved America! unemployment, jobs lost, redefining
Obama's accomplishments, unemployment, jobs lost, redefining terms
Obama Has Saved America!
By Nancy Morgan
Monday, August 10, 2009
Thank God! Oops, I mean, thank Obama. The economic crisis is almost over, the ‘war on terror’ is a thing of the past and, by his own words, Obama and his administration have saved America from catastrophe.
President Obama used the occasion of a 1/10 of 1% drop in the nation’s unemployment rate to claim both success and validation for his economic policies. He has valiantly brought America back from the brink of the economic chaos that was caused by his predecessor. But as is often the case with Obama, the devil is in the details.
In July, 247,000 jobs were lost. Inquiring minds question how the unemployment rate could experience even a slight drop when the stats show Americans are still losing their jobs. John Lott gives us the answer:
“The reason is simple—the number of people who stopped looking for work rose dramatically. 637,000 additional people no longer consider themselves looking for work. This is by far the largest drop in the number of people who consider themselves in the labor force during the last year - almost twice the 358,000 increase in the people who left the labor force during June.â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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