Questions for Obama

August 3, 2011
By

About his latest jobs “pivot”:

During your remarks yesterday on the debt-ceiling deal you promised that you would now pivot and focus on job creation.

After your inauguration, you also vowed to focus on job creation. Immediately thereafter, unemployment rose from 7.6 percent to 7.8 percent.

You then promised that if Congress passed the $812,000,000,000 stimulus package, unemployment would fall to 6.2 percent by now and, in any case, would never rise above 8 percent. The next month unemployment rose to 8.8 percent.

You spent the next year focused on passing Obamacare. When it passed, you pledged to return your attention to job creation. Unemployment then rose to 9.8 percent.

The unemployment rate fell a few ticks to 9.5 percent in late spring 2010.You again promised to devote yourself to job creation during “Recovery Summer” of 2010. Unemployment ticked up to 9.6 percent.

After the mid-term elections in November 2010 you swore to pivot once again toward creating jobs. Unemployment rose to 9.8 percent.

The unemployment rate declined to 9.1 percent in late winter/early spring 2011. Then, after embarking on the Libyan operation, you dedicated yourself once again to job creation. Unemployment ticked up to 9.2 percent — three points higher and millions of jobs fewer than you promised when the stimulus passed.

Why will your latest pivot toward job creation be any more successful (or less damaging) than the previous half dozen?

What will you do differently this time that will actually create jobs? Why didn’t you do those things in January 2009?

One Response to Questions for Obama

  1. unclefred on August 3, 2011 at 10:09 am

    Worth noting that the only reason that unemployment ticked down so far in January and since is that they changed how the number is calculated. I am unable to the exact changes to correct the numbers so that they can be accurately compared to those prior to 2011. When the January numbers were published there was a notation that they “could not be compared against numbers for the prior month”.

    In any event it is a safe bet that if they calculated unemployment in the same way as was done in 2010, they would be at least a couple of tenths of a percent higher.

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