During Obama’s watch, 19.9% of the U.S. workforce were under employed during January, translating close to 30 million Americans, who were working less than desired.
When President Obama was pitching his Economic Stimulus package he said that it would save or create 3.5 million jobs and keep unemployment from peaking at 8% instead it stands at 9.7% and the economy has shed some 3 million jobs.
Just last week, President Obama claimed on the Anniversary of his Economic Stimulus package that his polices have saved or created 2 million jobs so far.
Huh? What’s a saved job?
The number of Americans filing first time claims for Unemployment surged 31,ooo to 473,000 the U.S. Dept of Labor reported last Thursday, where-o-where are all those jobs that Obama has taken credit for creating?
More here Via Gallup
Related: Employers made 1,761 mass layoffs in January according to Bureau of Labor Statistics
Consumer Confidence falls to worst level since 1983 Via CNBC
FDIC reports 702 problem banks, 27% increase in 4th quarter 2009 Via Yahoo Finance