Worst. Jobs. President. Ever.
President Obama is out campaigning in an attempt to explain why this month’s jobs figures are pathetic:
U.S. payrolls expanded by just 80,000 net jobs in June keeping the unemployment rate flat at 8.2 percent, new data from the Bureau of Labor Statistics shows. The private sector only expanded by some 84,000 positions.
Those jobs figures are pathetic. This post on the White House blog attempts to explain the pathetic job numbers away:
While the economy is continuing to heal from the worst economic downturn since the Great Depression, much more remains to be done to repair the damage from the financial crisis and deep recession that followed. It is critical that we continue the policies that build an economy that works for the middle class and makes us stronger and more secure as we dig our way out of the deep hole that was caused by the severe recession. There are no quick fixes to the problems we face that were more than a decade in the making. President Obama has proposals to create jobs by ending tax breaks for companies to ship jobs overseas and supporting State and local governments to prevent layoffs and rehire hundreds of thousands of teachers.
It’s insulting to hear this administration claim that the economy is “continuing to heal.” It isn’t. It’s still badly broken.
There’s never been a recovery in modern times that’s created this few jobs.
Here’s the only thing that’s right in this post:
There are no quick fixes to the problems we face…
With this administration, that’s undeniably true. Four more months or four more years with this administration won’t improve the monthly jobs reports. We don’t have to ask this administration the question that got Earl Weaver kicked out of so many games:
Time was, the Baltimore Orioles’ manager was Earl Weaver, a short, irascible, Napoleonic figure who, when cranky, as he frequently was, would shout at an umpire, “Are you going to get any better or is this it?”
After 4 years, it’s reasonable to assume that this is the best this administration will do.
No White House post would be complete without this in it:
Today’s report from the Bureau of Labor Statistics (BLS) shows that private establishments added 84,000 jobs last month, and overall non-farm payroll employment rose by 80,000. The economy has now added private sector jobs for 28 straight months, for a total of 4.4 million payroll jobs during that period. Employment is growing but it is not growing fast enough given the jobs deficit caused by the deep recession.
Creating 75,000 jobs a month isn’t an accomplishment. It’s a disgrace:
This is pathetic, too:
Adding further pressure to President Obama heading into the election, Hispanic and Latino unemployment remained essentially unchanged at 11.0 percent.
The unemployment rate for white men and women was unchanged at 7.4 percent, while 184,000 more black American’s went without a job in June, for an unemployment rate of 14.4 percent.
President Obama shouldn’t expect enthusiastic support from these minority communities. With that many people unemployed, it’s inconceivable that minorities will give this administration a pass.
A measure of unemployment that includes discouraged workers ticked higher to 14.9 percent, its highest level since February, while the labor force participation rate stayed near a 30-year low at 63.8 percent.
The ‘official’ unemployment rate doesn’t tell people just how bad things are. The bad news for this administration is that people are living through the ‘real’ unemployment rate, which is stuck at 14.9%. That’s why likely voters give this administration a failing grade on the economy:
A new Rasmussen Reports national telephone survey shows just 31% of Likely Voters believe President Obama is doing a good or excellent job handling economic issues, including 12% who say he is doing an excellent job. Forty-eight percent (48%) believe Obama is doing a poor job in this area.
To adapt a line from President Reagan, a recession is when your neighbor is unemployed, a depression is when you’re unemployed and a recovery is when President Obama is unemployed.
This quarter’s jobs reports are proof of that.