Debbie Wasserman Schultz claims that unemployment has never went up under the Obama administration! I am still in shock that the Democrats has appointed this woman as the DNC chair. At such an important and hard re-election effort for the Liberal messiah Barack Obama!
Here are the facts about the unemployment rates:
“Real” (U-6) unemployment rate when President Obama took office: 14.1 percent.
Current “real” (U-6) unemployment rate: 15.6 percent.
Civilian participation rate when President Obama took office: 65.7 percent.
Current civilian participation rate: 64.0 percent.
Approximately two million fewer jobs exist in America today than when President Obama took office, even as millions of discouraged worker have abandoned the labor force. This sobering phenomenon is what accounted for much of the illusory drop in the November unemployment rate; nearly three times as many people fled the workforce as added jobs last month. Righty Jim Pethokoukis from AEI and WaPo Lefty Ezra Klein agree: If the labor force had simply remained static since January 2009, the current unemployment rate would be 11 percent. As for the promise vs. reality stimulus comparison (the narrative DWS insists “doesn’t work” anymore), let’s review the actual data: