In May of 2004, midway through the Bush presidency, with the unemployment rate at 5.6 percent, the economy created 310,000 jobs (at last we find something Obama didn’t inherit from Bush).

Barack Obama was running for Senate then, and he didn’t think this was any reason to break out the champagne:

Fast forward to summer of 2012. Unemployment is 8.2 percent, the economy created 80,000 jobs in June — around 50,000 short of what needs to be created just to keep pace with the people entering the job market — and this is a “step in the right direction”?

Obama has since dropped that line much like he was forced to backtrack after claiming the private sector is “doing fine.”

The administration is becoming increasingly frustrated with the country because we’re just unable to make our reality match their rhetoric (Biden’s recent “so called job creators” line mocking the private sector being a recent example).

Comments

16 Responses to “May 2004: 310,000 Jobs Created Nothing to Celebrate — June 2012: 80,000 Jobs Created a ‘Step in the Right Direction’”

  1. SignPainterGuy on July 7th, 2012 6:18 pm

    But, but, isn`t Romney the rich elitist who is "out-of-touch" with America ?

  2. backwoodsconsr on July 7th, 2012 6:50 pm

    At least Romney grew up here.

  3. SignPainterGuy on July 7th, 2012 7:17 pm

    Romney has a record of biz success and Loves America and her people ! He is on record as going the extra mile to help in times (plural) of emergency (on record because OTHER people recorded it, Romney sought no publicity or recognition) !

    Obummer helped others, unions and cronies who he knew would return the favors.

  4. SignPainterGuy on July 7th, 2012 7:20 pm

    If it takes 125,000+ new jobs just to keep up with the pace of people entering the job market, and only 80,000 jobs were created, how can the unemployment rate remain at 8.2% ?

  5. backwoodsconsr on July 7th, 2012 7:41 pm

    It won't. If I'm not mistaken, the unemployment rate has been a little lower, maybe 8.1%. The 45,000 difference may not have been enough to move the numbers this month (we are talking about millions of people) but if the trend continues the percentage of unemployed will go up.

  6. SignPainterGuy on July 7th, 2012 8:02 pm

    Yes, but we`re talking 31 straight months now. The sieve isn`t filling up, BUT, we`re moving in the right direction ! Ppfffffft !!

  7. backwoodsconsr on July 7th, 2012 8:13 pm

    That's what it is. I misunderstood him. Obama promised to SIEVE the economy, not save it.

  8. SignPainterGuy on July 7th, 2012 8:16 pm

    Spelling is important; words do have meanings. In too many cases, they mean other than their dictionary definitions !

  9. SignPainterGuy on July 7th, 2012 9:32 pm

    Oh yeah, now it`s all coming together; by "in the right direction", Zero was referring to the fact that more people went on disability than found jobs in June.

    Doug did mention that yesterday !

  10. backwoodsconsr on July 7th, 2012 9:44 pm

    Exactly. You'd better vote for Democrats if don't want anything happening to those checks.

    I'm currently reading a book called New Deal or Raw Deal? It's about FDR's economic policies during the Great Depression. The parallels between what he did and what Obama is doing are astonishing.
    http://www.amazon.com/New-Deal-Raw-Economic-Damag

  11. SignPainterGuy on July 7th, 2012 9:53 pm

    Speaking of checks; How do you tell a Romney supporter from an Obama supporter ?

    The Romney supporter signs his checks on the front, the Obama supporter signs his on the back !

    (my brazen thievery grows by the day) ;-)

    I haven`t read that book, but I have heard much about FDR`s stretching out the depression to give it its "Greatness" ! His economic adviser said (to the effect), "We have spent money like never before and it does not work !"

    It`s Obummer`s level of arrogance that makes him believe that though this has been tried here and abroad many times and has never worked ONLY because, HE was not the one trying it !

  12. Marshall_Will on July 8th, 2012 1:17 am

    Um… then SUBTRACT out all the newbie gibment 'jobs', not to mention the EXPLOSION in 6 fig. + gibment 'jobs' and we're looking Full Speed Astern…

  13. Marshall_Will on July 8th, 2012 1:20 am

    Oh, you mean like "food deserts" right? You know, those ones in the MIDST of densely POPULATED areas that only have retail grocers and fast food rest's that cater to what locals WANT to eat..?

  14. SignPainterGuy on July 8th, 2012 1:41 am

    Yep, those stores that satisfy your hunger like nothing else will, or the grocery that has everything under the sun (and prices to match) AND convenience stores on every corner and one in the middle of the block !

    Otherwise, if I assume Moochelle really does mean what the dictionary defines, there`s the warehouse district, the docks, or in the middle of an Iowa corn field !

  15. jeffythequick on July 8th, 2012 5:40 am

    O/T, but Huckabee's show on Friday (I think) had an interesting take. Obama hasn't brazenly shown his haul for June, and there may be a reason. His donations weren't that much.

    They have to release them by the 20th, so expect a friday, July 20th dump at 5pm EDT, or if there's a big news story, they'll drop it then.

    Must be a fun job… look for human misery to release your own miserable donation news, just so others' misery can cover up yours.

  16. naqash899 on November 5th, 2012 7:07 am

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