Russ Steele
Steven Green writing at the Vodkaundit has the numbers in his column The Bistromath Economy:
- 9.2% — unemployment rate for June.
- 0.1% — increase since May.
- 16.2% — underemployment rate for June.
- 0.4% — increase since May.
- 8% — conventional wisdom for the maximum allowable unemployment rate to win reelection.
- 15 — remaining BLS reporting months before Election Day.
- 255,000 — net jobs that must be created each and every month to reach 8%.
- 18,000 — net jobs created last month.
- 44,000 — downward revision to April and May job creation.
- 3,825,000 — total net jobs needed before Election Day.
- 2,100,000 — jobs created in the last fifteen months.
Where is Obama going to find, or create, 3.8 million jobs in the next 15 months? He isn't and conventional wisdom says will be chucked out, just like burnt toast.
You can read the rest of Obama's awful economic numbers here.
Exit question: Can Obama over come conventional wisdom and win re-election? How?
Update (07-10-11, 17:20) Here is an jobs verses stimulus graphic from Mercatus.
