Obama recovery: At July’s ‘job growth pace’ all lost jobs would return to American in 2025
Obama bragged that the unemployment rate wasn’t really 8.3% but rather 8.254%. Yes, this is how pathetic the Obama regime is. But at July’s “growth” pace, that the pink slime media is creaming themselves over, is even worse than you thought. At July’s ‘growth rate’, we would be back to 2007 unemployment levels by the year 2025. Getting excited?
July’s disappointing jobs numbers won’t lower employment to 2007 levels until 2025, according to The Hamilton Project, a Democratic-affiliated advocacy group.
Even if President Barack Obama’s policies immediately doubled the economy’s creation of new jobs to 310,000 jobs a month, the “jobs gap” would not be closed until the end of 2016, according to an online calculator at the group’s website.
The group is supported by an establishment think tank, the D.C.-based Brookings Institution.