OBAMA CLAIMS HE IS HELPING THE JOBLESS RATE…WRONG!…

Posted on August 18, 2009. Filed under: News And Politics... |

 
Obama is stating, "We’re losing jobs at less than half the rate we were when I took office."
 
He is, in essence, saying that only 247,000 jobs were lost in July, but according to Forbes.com, he is incorrect.  They say that the Labor Department adds jobs in the summer months (like July) to compensate for temporary factory shutdowns.  Forbes estimates that the actual number of jobs lost last month is probably closer to 600,000.  In July 796,000 people were taken off the Labor Department’s definition of "work force" because they’ve stopped looking for work.  This makes for a heck of a lot of discouraged workers.  Normally, kids get summer jobs, yet unemployment for kids aged 16 to 19 is at 23%!  Kids can’t get summer jobs because adults have to take them just to survive.
 
You’ll have to try again to make yourself look like a hero, Obama.  Next time, though, don’t stretch the truth…
 
QueenBee
 
 
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