Remember when 310,000 new jobs & 5.6% unemployment just wasn’t enough? Barack Obama does….
Yesterday we learned that the economy created 80,000 jobs and was at 8.2%, which President Obama called “a step in the right direction”. Back in 2004, coming out of a recession, the economy created 310,000 new jobs and unemployment was at 5.6%. But that wasn’t good enough–wasn’t the real story–for a little-known state legislator running for the U.S. Senate. Instead, then-State Senator Barack Obama criticized then-President George W. Bush and his administration for travelling around celebrating the economic progress indicated by the 310,000 new jobs and 5.6% unemployment rate (h/t).
310,000 new jobs and 5.6% unemployment = “too early to celebrate”
80,000 new jobs and 8.2% unemployment = “step in the right direction”