Biden Flashback-“200,000 New Jobs A Month.”
Anyone remember last spring? Vice President Joe Biden's bold prediction about the Stimulus Plan?
He claimed the US would be creating hundreds of thousands of new jobs each month. Well, the latest unemployment figures are out, and once again the unemployment rate is hovering at 9.0% a figure that shows some improvement over previous months under the current administration. But the point being missed is that after over two years in office, and the 2012 election starting to loom on the horizon, the unemployment rates under Obama are still well above the 6.4% rate when he took office-that rate includes the financial and real estate "crisis." Bush's average unemployment rate hovered around 5.2-5.4 and similar numbers for Clinton. Notice on the US Department Of Labor chart the spike reflecting current rates.