It's Official… Obama Loses More Jobs In One Year Than Any President In Modern History

Worst. President. Ever. President Obama is the “Unemployment President.”

The unemployment rate was at 10.0% in December.

As we look back over 2009 we can now report that Barack Obama lost more jobs in his first year in office than any president in modern history. Barack Obama lost over 4 million jobs alone since his failed stimulus was passed in February.
USA Today reported:

Even before Barack Obama took the oath of office, his economic advisers projected that without hundreds of billions of dollars in government spending, the U.S. economy could lose another 3 million to 4 million jobs on top of the 3.1 million lost in 2008.

It turns out they were optimistic. Even with the $787 billion stimulus package that Obama signed in February, more than 4 million jobs have been lost in 2009, the worst year for job losses since World War II. The jobless rate that advisers projected would peak at 8% has topped 10%.

And it took him until December to hold a jobs summit to address the problem.

And Doug Ross reports that things are likely to get much worse before they get better.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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