The Real Unemployment Rate Is 16.2% Not 9.2%

Barack Obama promised change in 2008 while he was campaigning.  Obamanomics is giving us change.  It's hard to believe people thought 25.3 million unemployed Americans was the change they thought they would get.

The unemployment rate climbed to a six-month high of 9.2 percent, even as jobseekers left the labor force in droves, from 9.1 percent in May. Employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months.  Nonfarm payrolls rose only 18,000, the weakest reading since September, the Labor Department said on Friday, well below economists' expectations for a 90,000 rise.

YouTube: The Obama Legacy

The government revised April and May payrolls to show 44,000 fewer jobs created than previously reported.  So did we even get the 18,000 in June they are telling us.

"Today's report is more evidence that the misguided 'stimulus' spending binge, excessive regulations, and an overwhelming national debt continue to hold back private-sector job creation in our country," House of Representatives Speaker John Boehner said in a statement.

This is the change Obama had in mind.  As he has said many times there is no American exceptionalism in his world view.  More people or on food stamps than every before.  Obama's socialism is destroying America and the American dream.

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