After an unimpressive performance during Wednesday night’s Presidential debates, Barack Obama has just received some good news. The unemployment rate has dropped below 8%, clocking it at 7.8%. This is big news for a guy called out for a lack of job creation over his term as President. So it seems that Barack Obama did have a good September, along with the 114,000 other people who were able to get jobs.
But Romney no likey likey a 7.8% unemployment rate.
You think this is all good news? Well, sure, for 114,000 people it is, but it’s not necessarily good news for America. Romney countered the aesthetic statistic by stating, “This is not what a real recovery looks like. We created fewer jobs in September than in August, and fewer jobs in August than in July, and we’ve lost over 600,000 manufacturing jobs since President Obama took office.”
According to the Friday report from the Bureau of Labor Statistics, there were 181,000 jobs created in July, and 142,000 in August. Those are certainly far more impressive than the 114,000 last month. And if you use the Romney calculator, the 7.8% isn’t accurate anyway. Romney refers to the “real unemployment rate,” citing those who have dropped out of the labor force.
And House Speaker John Boehner reminded everyone that the White House previously, “said unemployment would be as low as 5.6% by now if Congress passed their ‘stimulus’ spending bill – instead, after four years of spending, taxing, and red tape, millions of Americans remain jobless, underemployed, or have simply given up looking for work.”
If you got bored during any of this, or you zoned out, please allow me to summarize with the following paragraph:
Spin spin, spinning spinners spin, spin spin spin! Spin! Spin. Spin? S. P. I. N. Spiiiiiiiiiin. Spin spin spin. Spin. Spin this way. Spin that way. Spin this and that. Spin and spin and spin. We take this, and we spin it this way, or this way, and spin spin spin. Barf.
Question: Do you think that a 7.8% unemployment rate bodes well for our sitting President?