(NationalSentinel) President Obama has consistently worried about how he will be remembered during his time in office. Let’s hope historians will document what a lousy job he did keeping Americans employed.
He blamed George W. Bush for the 2007-2009 recession repeatedly during his two terms in office, but he has yet to take responsibility for his economy: A record 95,012,000 Americans, or roughly one-third of the country (and roughly 40 percent of all adults) not in the labor force.
Barack Obama’s presidency began with a record number of Americans not in the labor force, and it’s ending the same way.
The final jobs report of the Obama presidency, released Friday, shows that the number of Americans not in the labor force has increased by 14,573,000 (18.09 percent) since January 2009, when Obama took office, continuing a long-term trend that began well before Obama was sworn in.
In December, according to the Labor Department’s Bureau of Labor Statistics, a record 95,102,000 Americans were not in the labor force, 47,000 more than in November; and the labor force participation rate was 62.7 percent, a tenth of a point higher than in November.
The participation rate dropped to a 38-year low of 62.4 percent on Obama’s watch, in September 2015. It was only 3-tenths of a point higher than that last month.
The fact is, the Obama presidency has been a disastrous failure on so many fronts, but jobs creation is just one. And to be honest, if Obama had been such a successful jobs creator, Hillary Clinton would have run on that issue and Donald Trump’s “Make America Great Again” message would not have resonated so loudly.