Saturday, January 8, 2011
Still glowing from his multi-million dollar Hawaiian vacation, Barack Obama happily announced that the unemployment rate dropped to 9.4% last month... but was a little skimpy on the details.
And small wonder; although jobs increased by 103,000 last month, experts had expected the number to rise by as much as 300,000. Additionally, the jobless rate went down statistically because a surprisingly large number of people simply gave up on the Obama economy once and for all, and decided to just accept the fact that they'll be watching the Oprah Network 24 hours a day for the rest of their hopeless little lives.
Which, in Obama's world, is viewed as a success. Not to mention a profitable kickback to Oprah for all of her invaluable political support.
Economists say that the tepid job numbers indicate that it will be at least five years before the economy can restore all of the jobs lost in the current downturn.
Or nine years in the tragic event that Mr. Obama is re-elected.