It would seem that Barry "Almighty" can now be said to have been very successful in his efforts to guide this country to what is yet another less than impressive, yet highly significant and major milestone. You see, since that very dark day back in January of 2009 when he was first inaugurated as our president, the United States has now been made to face 54 consecutive months with the unemployment rate at 7.5 percent or higher. Which, by the way, just so happens to be the longest period of unemployment at or above that rate since 1948, when, also by the way, the Bureau of Labor Statistics (BLS) first started calculating the national unemployment rate. So you can see how his having been able to accomplish such a feat is so remarkable. It simply has never been done before and it took a guy like Barry to do it.
So today, the BLS reported that the seasonally adjusted national unemployment rate for the month of June was 7.6 percent, which is the same as it was in May. Now if you were to look back to December 2008, the month after Barry was first elected and the month before he was inaugurated, you would see that the unemployment rate then stood at 7.3 percent. In January 2009, it climbed to 7.8 percent. In February, the very month that Barry signed into law the much heralded, yet deceptively bogus, $830 Billion economic 'stimulus' law that we were told would ensure that unemployment would never go above 8 percent, the unemployment rate climbed to 8.3 percent. And it kept going up, and yet, as I recall, we were constantly being told about the millions of jobs that were being created and/or 'saved' by that very piece of legislation.
So it has been then, that during the very nightmarish period of time referred to as being the 'Age of Obama', we saw as the unemployment rate actually peaked at 10.0 percent. That was in October 2010. Then in October 2011, courtesy of some rather creative number-crunching on the part of Barry's Labor Department, the unemployment rate would, as if by magic, at least appear, to dip below 9 percent. And then from August to September 2012, through even more 'trickery', since the election was nearing, it would be made to appear to drop even further to 7.8 percent, the first time during Barry’s tenure that it had been under 8 percent. Since then, the lowest it has gone has been 7.5 percent, the rate it hit in April. But after April, it ticked back up to 7.6 percent in May and remained there for June.
It was on January 10, 2009, Christina Romer, who was then president-elect Barry "Almighty’s" top economic adviser, and Jared Bernstein, who was vice president-elect 'Slow Joe’ Bidens' top economic adviser, got together and published a very interesting work of fiction, one that actually made the prediction that if Barry’s proposed stimulus plan were enacted, that the unemployment rate would not top 8 percent. In a February 2013 report on the impact of Barry’s 'stimulus' law, the Congressional Budget Office (CBO) said that it estimated the law would increase federal budget deficits by $830 billion between 2009 and 2019 and estimated that the stimulus had the impact in the last quarter of 2012 of lowering "the unemployment rate by between 0.1 percentage points and 0.4 percentage points."
So the bottom line here is that it doesn't take a genius to figure out that not much was gained by Barry’s spending, or shall I say wasting, of nearly a Trillion dollars. And the unemployment figure has now, under Barry, become essentially pretty much meaningless. It simply no longer has any basis in reality. Since Barry first assumed office, 10 Million people have simply decided to leave the workforce, having finally just given up even looking for a job. So if the workforce of today was of the same size it was on January 20, 2009, the unemployment rate today would actually be somewhere around 16 percent. So you can pretty plainly see that the 7.6 percent number that's being thrown around today as if it actually means something, in realty means absolutely nothing. Everything we're being told, is a lie.
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