Worst. President. Ever. Obama ‘Recovery’ Results in One Million Fewer Jobs

How does he do it?
The Obama “recovery is the worst ever.
One million fewer Americans are working today than before Barack came into office.
labor participation rate obama

And it’s only going to get worse…
Obamacare will cost 2.5 million jobs.
And, the CBO reported this week that Obama’s minimum wage hike will cost the country another 500,000 jobs.

Investor’s Business Daily reported:

January’s labor report confirmed yet another month with over 100 million Americans not working. In fact, more than 100 million Americans have not been working in Obama’s workers’ paradise for all of 2012 and 2013, a unique achievement in American history.

White House spokesman James Carney hailed this as a milestone on the path toward the ultimate complete liberation of the American worker from the drudgery of work.

The 101.7 million Americans not working in January reflected the employment-population ratio for the month of 58.8% , compared to — to put it in proper perspective — 62% in a good year. By the fifth year of Reagan’s recovery, the employment population ratio was up to 61.5% , on its way to 63.0% in 1989. That represented an increase of 17 million jobs since the Carter recession started.

Today, after five years of Obama as president, we still have not recovered the jobs lost since the latest recession began in December 2007. The economy then was employing 146.273 million Americans.

More than six years later, in January 2014, the number of Americans employed was still only 145.244 million, or about 1 million fewer jobs. By now in the normal recovery there would be 6 million more jobs.

Obama is not the only president to be challenged by a recession while in office. Since the Great Depression, there have been 10 other recessions before this last one. On average, all the jobs lost in those recessions were recovered within two years after the recession started.

Read the rest here.

Photo of author
Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

You can email Jim Hoft here, and read more of Jim Hoft's articles here.


Thanks for sharing!