Jim Pethokoukis gives conservatives and other residents of Reality-ville a great Christmas present: seven charts to flash in the face of liberals (and other unicorn-chasers) when they try to spoil Christmas dinner by talking up Obama. Here’s the one that jumped out at me, the real unemployment rate:
The official (U-3) unemployment rate is 8.6 percent. But the labor force has been shrinking as discouraged workers have been disappeared by government statisticians rather than counted as unemployed. But what if they weren’t? What if the Labor Department added those folks back into the numbers? Well, you would get this.
Remember, Obama and the Smartest Economic Team Ever(tm) promised us that unemployment would go below eight percent if we agreed to his stimulus program. Instead, it’s higher than the White House projected if we didn’t approve the stimulus package. (See Jim’s diagram 1) In fact, the only way it comes even close to White house projections is by not counting people who’ve given up.
Real clever, that.
And once you’re done educating your liberal family members, ask them what possible reason is there is for reelecting Barack Obama?