“Every other employment indicator is worse today than it was in January 2009.”
Editorial: Investor’s Business Daily
November 02, 2012
President Obama holds up a printed copy of his jobs plan at a campaign event at Burke Lakefront Airport in Cleveland on Thursday
President Obama wants four more years because, he says, things are getting better and this is no time to turn back. And the latest jobs report to be released before the election appeared to hold good news, showing the economy created 171,000 jobs in October.
But you don’t have to look very hard to see that Obama has the worst jobs record of any president in modern times.
Despite 40 months of economic recovery, the number of payroll jobs today is just 0.1% above where it stood when Obama took office, and it’s still 4.3 million below the previous peak. Continue reading