Boy, That Laser-Like Focus Really Works, Huh

How’s that “created or saved” stuff working out for you?

In February 2009, the Bureau of Labor Statistics (BLS) reported that 141.7 million people were employed. By the end of May 2011 – the last month for which data are available – that number had fallen to 139.8 million, a difference of 1.9 million.

While the number of people with jobs has increased slightly from its low point during the recession – 137.9 million in December 2009 – those 1.9 million jobs have been lost despite $800 billion in stimulus spending.

Now you know, you just know, they’re going to say “it’s because we didn’t spend enough.”

In fact, by citing figures from the first quarter of 2006, Summers is understating the economy’s poor performance. According to BLS data, the number of people with jobs peaked at 146.6 million in November 2007, meaning that over the entire recession – which officially began in December 2007 – the number of people employed has fallen by 6.8 million.

I’m shocked Summers would cherry-pick the data.


But hey, McDonalds was hiring last month.

3 Responses to “Boy, That Laser-Like Focus Really Works, Huh”

  1. KingShamus says:

    Question: Would MickeyD’s hire anybody from Obamster’s economic team after the double-dip recession they’re about to put the country through?

  2. JeffS says:

    What about Burger King? Or Taco Bell?

    We need equal opportunity employment!

  3. Kate P says:

    Fries elevate your serotonin levels, so you feel less bad about your job (or jobless) situation.

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