y every economic measure, we are better off now than we were when I took office. You wouldn’t know it, but we are,” the president said Friday.
That’s right, the president — the president of the United States, mind you — says Americans are better off, they just don’t know it.
That is the height to which the president has raised his level of mendacity. He has the sheer audacity to tell Americans that he has successfully turned the economy around, that things are all good, but that there are no real quantifiable indicators by which they could ever know that.
In fact, Mr. Obama says Americans have never had it so good.
“Over the past 51 months, our businesses have created 9.4 million new jobs,” he said at a feel-good stop in Minnesota. “Our housing market is rebounding. Our auto industry is booming. Our manufacturing sector is adding jobs for the first time since the 1990s. We’ve made our tax code fairer. We’ve cut our deficits by more than half. More than 8 million Americans have signed up for private insurance plans through the Affordable Care Act.”
Of course, as usual with the president, none of that is true. In 2007, there were 146.6 million Americans employed. Last month, there were 145.7 million people in the workforce. But it’s all worse than that. The labor force participation rate dropped more than 3 percentage points, which equals nearly 8 million people. Now, just 62.8 percent of working-age Americans hold jobs, a dismal number that’s the lowest in 35 years.
What’s more, Candidate Obama (is he ever anything else?) promised an unemployment rate of 5 percent as the impetus