The economy

Obamanomics costing U.S. Jobs

By Julie Crawshaw

Despite claims from the White House that economic stimuli and bailouts have "saved or created" 2.5

million to 3.6 million jobs, statistics from the Bureau of Labor show that U.S. businesses have shed 3.1 million jobs since President Obama took office, The Investors Business Daily reports.

Despite close to $3 trillion in "stimulus," bailout spending, and Fed money-creation over the last two years, official unemployment is at 9.5 percent, not below 8 percent, as White House advisers promised over a year ago.

Continued: http://www.moneynews.com/Economy/obama--unemployment--economy--jobs/2010/07/23/id/365477?s=al&promo_code=A580-1