Starting his second term with the exact same unemployment rate (7.8%) as the day he started his first term, Obama has given up. “President Barack Obama will let his jobs council expire this week without renewing its charter.”
Hilariously, the Obama Administration hopes that the American people believe it’s ‘mission accomplished’: “Officials said the president always intended for the council to fulfill its mission and then wind down.” If true, then Obama’s “mission” was to stagnate the U.S. economy.
After Obama manipulated the unemployment numbers so he could win the November election, the unemployment rate has shot back up to over 8%. However, Obama has ensured that his devoted followers– who have sacrificed their values for a few extra dollars (the value of which continues to plummet)– will not suffer under this new Obameconomy: he has hired 101 new federal employees per day, using American taxdollars, since taking office in January 2008.
Many news stories are emerging about layoffs and firings occurring immediately after Obama won re-election: Among other news stories, one Las Vegas employer fired 22 employees because as a business “at the end of the day, I need to survive” and Boeing has now announced massive layoffs in its defense division.