Monday, June 13, 2011

Obama's unemployment line

Despite any possible way this administration tries to spin it, the truth of what’s really going on with unemployment can’t be so easily hidden. Even though May’s unemployment rate rose to 9.1 percent, the situation is increasingly dire when considering those no longer counted because they’ve been out of the workforce for an extended period, as well as the underemployed. In many other countries, these groups are added into the unemployment numbers, and when we do so, our unemployment rate is sadly pushing 20 percent! You’ll never hear the administration quote that, much less admit it, but the cracks of the faux recovery continue to show the sham for what it really is.

An American Thinker ‘graph of the day’ points out the stark reality of how rapidly unemployment has skyrocketed in the first couple of years of the Obama Administration:

Randall Hoven also picks out a few other deteriorating statistics that contrast Obama’s entrance into office and the current state of affairs. They don’t paint a pretty picture of recovery…

Various employment statistics when President Obama entered office, January 2009:
Unemployment rate: 7.8%
Unemployment rate for blacks or African-Americans: 12.7%
Unemployment rate for teens: 20.8%
Average length of unemployment: 19.9 weeks
Civilian employment-population ratio: 60.6%

Same statistics as of May 2011:
Unemployment rate: 9.1%
Unemployment rate for blacks or African-Americans: 16.2%
Unemployment rate for teens: 24.2%
Average length of unemployment: 39.7 weeks
Civilian employment-population ratio: 58.4%

A powerful new ad created by the Romney camp focuses less on the candidate (which is a good strategy considering) and perfectly encapsulates the shear neglect that the Obama Administration has inflicted on Americans of all walks of life. This is a message that ALL presidential contenders should drive home without hesitation...

...particularly when Obama, GE's Jeffrey Immelt and other wealthy cronies the president surrounds himself with find time to joke about the so-called recovery at the expense of his unemployment lines...

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