THE BIG FAIL: Four Years Of Obama Has Left America Facing A Cruel New Normal Of Chronic Unemployment And A Stagnant Labor Market

OBAMA CAME INTO OFFICE PROMISING A RECOVERY BUT NOW ASKS FOR ANOTHER FOUR YEARS AFTER FAILING TO LOWER THE UNEMPLOYMENT RATE

“Obama, Who Came Into Office Promising To Bolster The Middle Class And Reduce Inequality, Has Presided Over A Turbulent Economy That So Far Has Done Neither.”“Analysts call continuing high levels of joblessness a prime factor in the income and wealth declines that have continued for most Americans even after the recession ended. Obama, who came into office promising to bolster the middle class and reduce inequality, has presided over a turbulent economy that so far has done neither.” (Michael A. Fletcher, “Obama’s Record: Struggling To Bring Back Jobs,” The Washington Post, 10/18/12)

Since Obama Took Office, The Unemployment Rate Has Increased From 7.8 Percent To 7.9 Percent. (Bureau Of Labor Statistics, Accessed 11/2/12)

• Obama’s Advisers Predicted The Stimulus Would Lower Unemployment To 5.4% By Today. (Christina Romer and Jared Bernstein, ” The Job Impact Of The American Recovery And Reinvestment Plan,” 1/9/09)

• James Pethokoukis: “10.6%: Unemployment rate if labor force participation rate was the same as when Obama took office” (James Pethokoukis, Twitter Feed, 11/2/12)

Since Obama Took Office, The Nation Has Lost 1,019,000 Construction Jobs And 586,000 Manufacturing Jobs. (Bureau Of Labor Statistics, Accessed 11/2/12)

• In October, Motor Vehicle And Parts Manufacturers Lost 2,100 Jobs. (Bureau Of Labor Statistics, Accessed 11/2/12)

There Are 23 Million Americans That Are Unemployed, Underemployed Or Marginally Attached To The Labor Force. (Bureau Of Labor Statistics, Accessed 11/2/12)

• In October, The Number Of Unemployed Workers Increased By 170,000 To 12.26 Million. (Bureau Of Labor Statistics, Accessed 11/2/12)

There Are 8.3 Million Americans Working Part-Time For Economic Reasons. (Bureau Of Labor Statistics, Accessed 11/2/12)

• 813,000 Discouraged Workers Have Given Up Looking For Work. (Bureau Of Labor Statistics, Accessed 11/2/12)

In October, The Unemployment Rate For 20 To 24 Year Olds Increased To 13.2 Percent From 12.4 Percent. (Bureau Of Labor Statistics, Accessed 11/2/12)

In October, The Hispanic Unemployment Rate Increased From 9.9 To 10.0 Percent.(Bureau Of Labor Statistics, Accessed 11/2/12)

• The African American Unemployment Rate Increased From 13.4 Percent To 14.3 Percent. (Bureau Of Labor Statistics, Accessed 11/2/12)

Via: GOP.com

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