Good news, everyone! Thanks to Barack Obama’s extraordinary leadership, the unemployment has dropped a whopping 0.5%… since “the president” took office.
Over the last 56 months – since Barack Obama became president in January 2009 – unemployment has dropped 0.5%, from a rate of 7.8% in January 2009 down to 7.3% in August 2013, according to the latest numbers from the Bureau of Labor Statistics (BLS).
During those 56 months, the unemployment rate rose substantially to a high of 10% in October 2009 and stayed in the high 9% range for 2010 and much of 2011. In January 2012, the unemployment rate was 8.3%. It crept down to 7.8% in December 2012, exactly what it was when Obama was inaugurated (and George W. Bush left office).
The unemployment rate has not fallen below 7.3% in the last 5-plus years.
That’s a riot, mostly because the Obamabots will keep voting Democrat. But wait, that’s not all:
In July, according to BLS, 89,957,000 Americans did not participate in the labor force. In August, that climbed to 90,473,000–a one month increase of 516,000.
In January 2009, when President Barack Obama took office, there were 80,507,000 Americans not in the labor force. Thus, the number of Americans not in the labor force has increased by 9,966,000 during Obama’s presidency.
Almost 10 million – ten million – joined the ranks of the unemployed during the Obama presidency. Somewhere, Herbert Hoover is laughing his ass off.