Obama’s Economy, By the Numbers

I've had all the change I can stand!

In the wake of yesterday’s jobs report, the Romney campaign sent out these statistics, which sum up the smoking ruins of the Obama administration in a nutshell:

23,136,000: The Number Of Americans Who Are Unemployed, Underemployed, Or Have Stopped Looking For Work. (Bureau Of Labor Statistics, Accessed 9/7/12)

12,544,000: The Number Of Unemployed Workers. (Bureau Of Labor Statistics, Accessed 9/7/12)

8,031,000: The Number Of Workers Working Part-Time For Economic Reasons. (Bureau Of Labor Statistics, Accessed 9/7/12)

5,033,000: The Number Of Workers Who Have Been Unemployed For 27 Weeks Or Longer. (Bureau Of Labor Statistics, Accessed 9/7/12)

1,043,000: Construction Jobs Lost Since President Obama Took Office. (Bureau Of Labor Statistics, Accessed 9/7/12)

582,000 Manufacturing Jobs Lost Since President Obama Took Office. (Bureau Of Labor Statistics, Accessed 9/7/12)

368,000: Workers That Dropped Out Of The Labor Force In August. (Bureau Of Labor Statistics, Accessed 9/7/12)

261,000: Jobs Lost Since President Obama Took Office. (Bureau Of Labor Statistics, Accessed 9/7/12)

41,000: Downward Revision Of Jobs Created Over The Last Two Months. (Bureau Of Labor Statistics, Accessed 9/7/12)

15,000: Manufacturing Jobs Lost In August. (Bureau Of Labor Statistics, Accessed 9/7/12)

1981: The Last Time The Labor Force Participation Rate Was At Its Current Level Of 63.5 Percent. (Bureau Of Labor Statistics, Accessed 9/7/12)

43: Consecutive Months The Unemployment Rate Has Remained Above Eight Percent. (Bureau Of Labor Statistics, Accessed 9/7/12)

39.2 Weeks: The Average Duration Of Unemployment – Nearly Double The 19.8 Weeks When President Obama Took Office. (Bureau Of Labor Statistics, Accessed 9/7/12)

14.7 Percent: The Real Unemployment Rate, Including Those That Are Working Part-Time Due To Economic Reasons. (Bureau Of Labor Statistics, Accessed 9/7/12)

11.2 Percent: The Unemployment Rate Had Labor Force Participation Remained Steady Since President Obama Took Office. (American Enterprise Institute, 9/7/12)

8.4 Percent: The Unemployment Rate Had Labor Force Participation Remained Steady From July. (American Enterprise Institute, 9/7/12)

8.1 Percent: The Unemployment Rate In August. (Bureau Of Labor Statistics, Accessed 9/7/12)

7.8 Percent: The Unemployment Rate When President Obama Took Office. (Bureau Of Labor Statistics, Accessed 9/7/12)

5.4 Percent: The Unemployment Rate President Obama’s Advisers Predicted If We Passed His $787 Billion Stimulus. (Christina Romer and Jared Bernstein, “The Job Impact Of The American Recovery And Reinvestment Plan,”1/9/09)

Two questions: 1) Has there ever been a more comprehensive failure than Barack Obama? 2) Why would the Romney campaign ever run an ad that doesn’t include at least a couple of these figures?

Image courtesy of Shutterstock.

UPDATE: One more thing: The Obama Economy is so bad that it is easy to lose sight of the skyrocketing prices of fuel and groceries, which, along with declining incomes, have decimated the purchasing power of those fortunate enough to have jobs. In any normal economy, stories about food, fuel and declining incomes would be dominating the news.

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