Big Government: Job Growth — What Job Growth?
For the first time, the unemployment rate has dropped below 8 percent under Obama, but that is no victory to crow about. 7.8 percent unemployment is still unacceptable. Remember, President Obama promised that with his stimulus, the unemployment rate would be about 5.5 percent at this time.
President Obama’s failed policies have led us down this road of high unemployment, where 23 million people are still out of work. Most of last month’s job “growth” comes from people resorting to part-time work. That’s one reason why the underemployment rate did not drop and instead remains stagnant at 14.7 percent.
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