{"id":13683,"date":"2012-04-06T13:07:25","date_gmt":"2012-04-06T17:07:25","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=13683"},"modified":"2012-04-06T13:07:25","modified_gmt":"2012-04-06T17:07:25","slug":"jobs-unemployment-exceeds-8-for-record-38th-consecutive-month-under-obama","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/13683\/jobs-unemployment-exceeds-8-for-record-38th-consecutive-month-under-obama\/","title":{"rendered":"Jobs:  Unemployment Exceeds 8% For Record 38th Consecutive Month Under Obama"},"content":{"rendered":"<p>Ironically, the Obama Administration <a href=\"http:\/\/www.time.com\/time\/business\/article\/0,8599,1910208,00.html\" target=\"_blank\">projected<\/a> when he entered office that unemployment wouldn&#8217;t exceed 8% after his massive spending &#8220;stimulus.&#8221;\u00a0 Instead, the rate has exceeded 8% for 38 consecutive months, the most since the federal government began keeping records.\u00a0 Over three long years.\u00a0 Of course, Obama can at least claim something on which he has proved reliable.<\/p>\n<p>Today, the Labor Department announced that <a href=\"http:\/\/bls.gov\/\" target=\"_blank\">only 120,000<\/a> new jobs were created last month, well below expectations of over 200,000.\u00a0 That number is <a href=\"http:\/\/www.bloomberg.com\/news\/2011-10-07\/payroll-gain-probably-failed-to-cut-u-s-unemployment-as-confidence-waned.html\" target=\"_blank\">insufficient<\/a> to reduce unemployment by even a single percentage point over a year, and the only reason the rate fell from 8.3% in February to a still-miserable 8.2% in March was that more people gave up and abandoned the workforce altogether.\u00a0 Under Obama, we have witnessed record spending, record deficits, record regulation and record hostility toward private employers.\u00a0 So what does he have to show for that?\u00a0 As detailed this week by <em>The Wall Street Journal<\/em>, the <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052702303816504577311470997904292.html?mod=ITP_opinion_0\" target=\"_blank\">worst economic recovery in history<\/a>.\u00a0 Those straightforward facts speak for themselves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ironically, the Obama Administration projected when he entered office that unemployment wouldn&#8217;t exceed 8% after his massive spending &#8220;stimulus.&#8221;\u00a0 Instead, the rate has exceeded 8% for 38 consecutive months, the most since the federal government began keeping records.\u00a0 Over three long years.\u00a0 Of course, Obama can at least claim something on which he has proved [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[19,27,24,18],"class_list":["post-13683","post","type-post","status-publish","format-standard","hentry","category-posts","tag-economy","tag-jobs","tag-obama","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=13683"}],"version-history":[{"count":2,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13683\/revisions"}],"predecessor-version":[{"id":13685,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13683\/revisions\/13685"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=13683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=13683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=13683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}