With his election, one of the first things Obama promised was that the stimulus would create “shovel-ready” jobs that would put people to work on infrastructure, housing, construction, etc. That it would create millions of jobs, but those hopes were dashed quickly. At one point, Obama even made jokes about how “shovel-ready” wasn’t so “shovel-ready.”
Obama also claimed that all of the stimulus money would be tracked and the information would be accessible for all Americans to see on Recovery.gov. He said that the number of jobs created would be posted there so that the success of the stimulus.
As I had mentioned in a previous article, the problem is that Recovery.gov stopped tracking the total number of jobs created, but instead focused on the number of jobs created or saved in the previous quarter. The other problem is that the way they calculated the number of jobs impacted by the stimulus was changed as well to be able to greatly pad the numbers.
Then there was the promise that the stimulus would keep unemployment under 8%. It never did.
In fact, the Obama recovery has been called the worst economic recovery since the Great Depression.
However, the Obama campaign has recently put out an ad concerning job growth in America over the last four years –
You have to wonder where they got the 4.6 million jobs from, but we’ll go with that for the time being. During the Obama presidency, the workforce has shrunk by approximately 7.5 million people who have simply given up looking for a job. So, we are currently down a net 2.9 million.
The current unemployment rate is 8.1% which equates to about 23 million Americans. So, right now we are at 25.9 million people who are unemployed – if you subtract the number of jobs they are claiming to have created. Do realize that this is with 27 straight months of private sector growth. So, using that rate of 4.6 million jobs created every 27 months as a constant, those 25.9 million people would all be back to work in the year 2025. (If you’re unemployed, do you want to wait that long to find work?)
The number of underemployed Americans is also increasing as many people simply take whatever job they can find. Overall, the percentage of people actually participating in the workforce is at its lowest in the past 30 years.
Meanwhile, dependency on the federal government has grown dramatically –
• 50 Million Americans are on Medicaid
• Number of able-bodied adults on food stamps doubled after Obama suspended work requirement
The USDA even went as far as to actively promote being on food stamps in Spanish soap operas for non-citizens and citizens alike. They even developed a coordinated array of strategies to push people into signing up for food stamps.
• Unemployment Benefits Available Up To 99 Weeks
But the Obama Administration wants you to believe that there are millions of jobs out there that they created.
Question – Why should people work when they can get paid to do nothing for almost two years? Better yet, why work when collecting unemployment benefits would create 600,000 jobs as stated by Nancy Pelosi?
The idea that things are getting better is laughable if it wasn’t so pathetically sad. Let’s continue…
• An additional 1.5 million people are now collecting disability insurance – A good article to read on how this is keeping the unemployment rate artificially lower than it should be.
So, under Obama, 20% more of us (now 8.7 million) are now classified as disabled and unable to work. But why work if you can collect disability for the rest of your life at a constant rate?
Also, of those jobs that Obama created, the majority are low-paying jobs that cost the taxpayer more money to create than the job will pay out to the employee after years and years of work.
Last, but certainly not least, Obama’s own “Life of Julia” makes it more financially sound to live off the government and strive for mediocrity and not individual success.
So, tell me — How have things gotten better in the last four years?