Who is responsible for this?!

It's interesting to note the unemployment rate begins to increase in February, 2008 - when Øbama announced his candidacy...

Comparison: Unemployment rate from each year from Jan 2000 to present

Well! Now that I’m over my case of Roberts-induced depression, I see that YADNER has come out! And, with it, YAAFOTII.

I know, I know. My work in the manufacturing industry has made a fool for acronyms. Let me help you out, there: Yet Another Disappointing National Employment Report and Yet Another Admonition From Øbama To Ignore It. I’d think, by now, most of you should have been able to guess the acronym. I mean, this has happened once a month since January 2009 – that OTHER day that will live forever in infamy. With each disappointing report, we were admonished by The Øne not to make too much out of it. The same disclaimer is published at the bottom of every month’s report. Why? Because the numbers have consistently been pretty disappointing, and those that offered a glimmer of “hope” turned out to be based more on happenstance than any grand plan involved in actually steering the economy to correct its course.

I hear again and again how Øbama isn’t responsible for this economy, that he inherited it. Really? REALLY?! Take a look at the chart above. The data is the Gummint’s own unemployment  data taken from their very own Department of Labor Statistics. Pretty stark, when you look at it in this context.; the Øbama years vs the eight years of Bush – the last year of which was under a Democrat-controlled congress.  Yes, it’s a stark difference.

Because of this inconvenient truth, Øbama and his administration would rather focus on job creation than on the actual unemployment numbers. He and his minions will crow about the 12 million jobs created since the start of his administration. Remember the “jobs created or saved” mantra? That can’t be used anymore. Why? because the 12 million jobs created figure they like to bandy about is not net of the millions of jobs destroyed; it is gross. Don’t doubt it? Then ask yourself this: why haven’t the unemployment numbers improved? Why is the U6 number, which includes folks who have simply dropped out of the race, so dismal? Why have more people jumped on the disability rolls than at any other time in history?

Back to the chart. All of the red lines – the first that showed the unemployment rate begin to increase, to the group that is soaring so much higher than the remainder of the charted years – coincide with that famously Democratic-controlled congress mentioned above.

So mayber you’re right Maybe Øbama did inherit this economy. But he inherited it from Pelosi and Reid; definitely not from Bush.

-Pateratic

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