September 7, 2012
The liberal attempt to convince Americans that President Obama’s policies have created jobs has hit another snag. This morning the Labor Department released August’s jobs report– and the numbers were dismal. Unemployment remains above eight percent.
The Heritage Foundation’s Amy Payne asks, “Have 4.5 million new jobs been created under President Obama, as several speakers in Charlotte have claimed this week?”
The answer is no:
A fact check shows that under President Obama, the U.S. economy has created a net 415,000 private-sector jobs—less than 0.2 percent of the 155 million-member American workforce. But even that statistic does not tell the full story, since the workforce itself has shrunk dramatically in size since Obama took office. Labor force participation is at 63.5 percent, its lowest level since 1981. In other words, a large chunk of Americans have simply given up looking for work. A significant number are collecting disability insurance instead, according to new research from Heritage’s James Sherk.
Earlier this year, Heritage’s David Addington outlined five steps conservatives can take to boost job growth.
Do you think President Obama’s policies, including the $1 trillion “stimulus” legislation, have led to job-creation?
Butch Smith - September 7, 2012
What about the lateswt bill Obama signed to have the Chinese build our infrastructure? What was the amount, $50 million?