More JO BS

Joe Biden 2008 --

"As Barack says a three letter word jobs...J-O-B-S"!

Using Joe's math, lies is a three letter word too and the scientific community is united in that fact.

Biden told people at a Pittsburgh fundrasier --

"All in all, we're going to be creating somewhere between 100,000 and 200,000 jobs next month, I predict."

His mouth wouldn't let him stop there as he went on --

"...Well I'm here to tell you some time in the next couple of months we're going to be creating between 250,000 jobs a month and 500,000 jobs a month."

Lies?

Per financial writer John Maudlin -- Over the last decade we've experienced just one year when the economy gained more than 250,000 jobs a month every month, and that was 1999: the height of the tech bubble.

That had a happy ending...POP!

David Smick, editor of International Economy magazine, says the average monthly job growth rate over the past 20 years has been 90,000.

The U.S. needs to add about 100,000 to 125,000 jobs a month just to keep up with the new folks entering the workforce.

Stephen Moore, senior economic writer for The Wall Street Journal, says it's going to take about 250,000 new jobs a month for the next three years just to get the unemployment rate down to 8 percent, which is still a very high unemployment rate for the United States.

If the U.S. economy created 250,000 jobs per year, it would take 4.6 years to replace the 8.4 million jobs lost during the recession, considerably longer if the goal is putting all 15 million unemployed adults back to work in full-time jobs.

Biden is only slightly more optimistic than his boss, who believes the United States is likely to average 95,000 more jobs each month this year.

CLOSE!

Rocket Man?

At a $15,000 per family fundraiser Monday, President Obama told contributors --

“This is not rocket science in terms of how we can create more jobs in this country.”

Big words, and the scientific community is united in that fact, from the man who has presided over 30 consecutive months in which the unemployment rate has been 8% or higher.

This from an administration that believes JOBS is a three letter word!

More JO BS

Hopeless

Three years after promising HOPE and CHANGE, over two years after taking office and one year past recovery summer, Barack Obama now tells us -- I didn't say 'change we can believe in tomorrow.' Not change we can believe in next week.

This is the one we've been waiting for?

Actually, Obama never gave a timeline because it was just a slogan and the scientific community is united in that fact.

If you believe Iowa State Treasurer Michael Fitzgerald, it's going to take a while -- “It took 10 years to get out of the Great Depression. You can’t turn this thing around that fast...".

Although, earlier this year Obama told a gathering of top donors and Democratic officials "...that I think it's fair to say the promise we made to the American people has been kept, that we have delivered in change that we can believe in".

Now comes word that "The White House doesn't create jobs", with a 9.1% unemployment rate you're not just whistling Dixie with a mouth full of oreo cookies, but you told us the stimulus would save or create about 6.8 million job-years by the end of 2012.

More JO BS

"As Barack says a three letter word jobs...J-O-B-S"!