Daily Archives: May 5, 2012

Out Of Touch With Reality #1

“We should be seeing numbers in the 500,000 jobs created per month. This is way, way off from what should happen in a normal recovery.” – Mitt Romney criticizing Obama regarding the latest job numbers.

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“To the casual observer, notching 500,000 jobs might sound high but not unreasonable, considering the economy was shedding more than 800,000 jobs in some months during the depths of the recession.

Still, it seems high. So we checked: how many times has the economy generated 500,000 net nonfarm jobs in one month?

The answer: not many. Since 1970, it’s only happened five times. Presidents Ronald Reagan and Bill Clinton, amid strong economic times, only logged one 500,000-plus month each, in 1983 and 1997 respectively. President Obama had one in May 2010, thanks to temporary hiring related to the decennial census. (And remember, regularly hitting 500,000 should get easier over time as the population grows.)

Presidents George H.W. Bush and son George W. Bush had no months with more than 500,000 jobs gained. Neither did Presidents Gerald Ford or Richard Nixon.

In fact, the president with the most since 1970? Jimmy Carter, who racked up a gain of 513,000 jobs in March 1978 and 702,000 in April 1978.” –Source? None other than the Wall Street Journal.

But millions of people driving rusted out 15 year-old cars will vote for this guy in November who builds elevators for HIS cars. There’s no accounting for STUPID!

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