South DaCola

Great SOTU address

SD-WEEK-103-BUSH-OBAMA-LAUGHING-3-24-09Probably one of the better ones I have heard in a long time. I watched the WH version and it had dual screens with statistics. As this evaluation of the facts point out, the President did exaggerate a bit, but he also has turned around the country economically in 6 years after 8 years of the worst American president ever;

Private Sector Job Growth

The president was correct when he said the U.S. has gained 11 million private sector jobs in the past five years.

Obama: And over the past five years, our businesses have created more than 11 million new jobs.

That’s true as far as it goes. The economy gained 11,215,000 private sector jobs between February 2010 and the preliminary figures for December of last year.

Of course, the president said nothing of the 4,210,000 private sector jobs that were lost during the first 13 months of his tenure as president, due to the savage recession that was raging at the time he took office.

Overall, since Obama took office, the net gain in private sector employment is just over 7 million. And the gain in total employment during his time in office is lower than that — just under 6.4 million. That’s because of a net loss in government jobs, particularly in local school systems.

Of course The Three Stooges, our congressional delegation, cried about tax credits to the middle class and increase on taxes to the rich. Big surprise.

 

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