"WASHINGTON (MarketWatch) -- U.S. nonfarm payrolls declined for the 25th time in the past 26 months, falling by 36,000 in February to a seasonally adjusted 129.5 million, the Labor Department estimated Friday"
The above is a MarketWatch subheadline today. This is a follow up to my previous article today.
Note that the economy has been losing jobs for 26 MONTHS. The one month in those 26 the economy did not lose jobs was--as stated in my earlier article--last November. And the economy did not really CREATE net jobs in that month, but we came out even.
Note that--poetic justice here--the 26 straight months of NO job growth represent 13 months under President Bush and 13 months under President Obama (depending on what month you start counting). Also, President Obama was in the Senate, and pretty much controlling Congressional policy (if he wanted to) as the Democratic Presidential nominee/electee for the months he was not President.
It is not unfair to say that Bush and Obama share JOINT responsibility for this whole disaster. Yes, I know that Obama likes to act like he suddenly arrived in Washington after Bush had messed things up, but that is not true (except, perhaps, for the "Bush messed things up"--in COMBINATION with Obama and the Democratic Congress--part).
Obama, since he has formally become President, has done no better than Bush. He has merely continued the Bush/Democrat policies of the last year (really two or four years) of the Bush Presidency. Indeed, Obama has been WORSE--not because he has been any worse on unemployment but because he has BANKRUPTED the contry in the process of failing to accomplish anything on unemployment..