Third Party & Independents Archives

The Job Recovery Throwdown

It’s simple math of addition and subtraction when it comes to job loss, and the numbers are fact not figure. More jobs have been lost following Obama’s taxpayer funded bailout of GM’s illegal bankruptcy than in the Bain Capital acquisitions. Obama has really opened a can of worms he should have left untouched. When so many Americans are jobless today, he brings up something that happened 20 years ago and doesn’t affect or help unemployed Americans today.

Obama is prancing all around the whole country, boasting about his so-called accomplishment with the recovery of the auto industry, when in fact, it hasn't recovered. Within the first six months of the auto bailout, the auto industry lost 140,000 jobs, followed by the economic crash in Detroit and other suburban areas in the Midwest. Three years later, 20,000 of those jobs have still yet to be recovered.

In the same amount of time, more than 10 percent of auto dealerships around the country have shut down, so those jobs will not be recovered. Before the bailout there were approximately 20,000 dealerships, and we are down to about 17,500 auto dealers. The reason being that the auto industry was struggling and weak, and never regained strength even with the taxpayer bailout. Nothing was done to rebuild the strength of the companies; therefore a magnitude of people lost their jobs. With all of the resources tools available for really bailout the auto industry, they still lost an astronomical 140,000 jobs.

For Obama to use Romney's involvement with private equity firm, Bain Capital, is not even close to comparable. Not only was it 20 years ago, but also the numbers don't even come close to the job loss endured from Obama'a bailout of GM. It's plain stupid for the President to even raise such an argument. He's the President. Where's the logic? Pot, meet kettle.

Posted by MichaelMears at July 25, 2012 5:44 PM
Comment #349359

More people are going on welfare monthly than there are people finding jobs.

Has nothing to do with Mitt or the President. Has to do with Corpocracy and globalism.

Otherwise, we have the corpocracy we deserve.

Posted by: Roy Ellis at July 27, 2012 9:43 AM
Comment #349428

Read disability versus welfare. A couple of Maryland counties are known for their police/firefighters jumping on to disability as retirement age draws near.

Now, it seems disability is a fast spreading disease.

Consider that you are in your late fifties and rumors are that a layoff is in your future - - - and, you do have that sore back - - -

Posted by: Roy Ellis at July 27, 2012 8:12 PM
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