President Obama said we are going to continue to make progress on the economy. We have not made progress on the economy. In fact President Obama’s economic policies have made the economy worse. When Obama took office in 2009 the unemployment rate was 7.8%. After his economic stimulus was passed on a partisan vote and the money from the stimulus went into the economy the very next month the unemployment rate went up to 8.2%. The following month the unemployment rate went up again to 8.6%. In the first half of 2011 economic growth after the money from Obama’s stimulus package was used up was only 0.1%. This is very weak economic growth. Obama’s stimulus package only create 500,000 permanent jobs in almost 4 years so President Obama’s stimulus package has not created a lot of permanent jobs. The only this Obama’s stimulus package did was add more money to the debt. Obama will say well the unemployment rate dropped from 9% to 8.5%. That is good news. Well that is not good news because the reason why the unemployment rate dropped to 8.5% is because 315,000 people left the work force in November and were not looking for a job. The Department of Labor does not consider anyone who does not have a job and not looking for a job unemployed so when 315,000 people left the workforce in November and were not looking for a job they were not consider unemployed so the unemployment rate went down.
