Today the New York GOP released the following statement on President Obama’s failed economic policies and the dismal August jobs report:
Last month’s jobs numbers are out, and they spell bad news for Barack Obama and worse news for the American people.
368,000 more Americans have dropped out of the workforce, bringing the total number of Americans not in the labor force to 88,921,000. The unemployment rate of 8.1% remains above the 8% threshold that Obama promised the Stimulus Package would prevent us from reaching.
The graph below demonstrates the plummeting rate of participation in our workforce since Obama’s inauguration.
These numbers are devastating, but don’t take our word for it: the President had access to this data before his speech last night, and purposefully left it out, without so much as a cursory mention of America’s unemployed.
The debate over this President’s economic record is over. When Barack Obama should have been focusing on jobs, he was wasting time and money on Obamacare and the failed $800 billion stimulus package, passed with the votes of Dan Maffei, Bill Owens, Louise Slaughter, Nita Lowey, Tim Bishop and Kirsten Gillibrand.
The President is out of time. In November, Barack Obama will join America’s swelling ranks of unemployed when voters send Mitt Romney and Paul Ryan to Washington.