- My Fellow Americans,
- I am delaying my tee time by an hour this morning and may also have to delay my fundraIsing appearance at Buddy's Back Door Bar and Grill on Fire Island tonight by an hour in order to make this important address to you concerning last Friday's job data for the month of July.
- I first of all want to sincerely thank the 155,000 Americans who gave up looking for work in July because if they had not done this the unemployment rate would be higher than it is. If 155,000 Americans will only give up looking for work every month for the next four years or so, we should be able to get unemployment to within two percent of the average unemployment rate during the Bush administration. I am counting on your co-operation in this regard.
- I also note that unemployment went up in July from 8.2% to 8.3% and that the so called real unemployment rate composed of the officially unemployed plus those who have given up and dropped out of the work force increased from 14.9% in June to 15% in July.
- But let us focus on the one piece of good news from the July jobs report which is that the number of new jobs increased by 165,000 instead of the 100,000 new jobs that were predicted for July. Yes, this figure may have to be revised downwards just as the figures for most of the past six months have had to be revised downwards and yes this is less than half the number needed to make a serious dent in the unemployment rate and yes it is far lower than the monthly job creation rate in any recovery during the past 60 years and yes we are growing at an anemic 1.5% when we need to grow at nearly 4%. But by the time my Chicago spin doctors and con artistes get through dissembling on this, it will look to the average voter like we are turning the corner on the economy and unemployment and that it is all Bush and Romney`s fault anyway.
- OK, I`m heading out to the golf course and I suggest you guys get back to thinking about the real issues of this campaign which are Mitt Romney`s tax returns for the past ten years and how much Ann Romney`s sweater really costs.
- In closing, let me again give a special shout out to those co-operative 155,000 Americans who stopped looking for work in July and thereby made my unemployment numbers look better than they might have. And let me also give you struggling Americans out there a priceless piece of advice from your Dear Leader: always use your long irons instead of your fairway woods when you have a choice between the two.
- Thank you and may God help America.
- I am delaying my tee time by an hour this morning and may also have to delay my fundraIsing appearance at Buddy's Back Door Bar and Grill on Fire Island tonight by an hour in order to make this important address to you concerning last Friday's job data for the month of July.
- I first of all want to sincerely thank the 155,000 Americans who gave up looking for work in July because if they had not done this the unemployment rate would be higher than it is. If 155,000 Americans will only give up looking for work every month for the next four years or so, we should be able to get unemployment to within two percent of the average unemployment rate during the Bush administration. I am counting on your co-operation in this regard.
- I also note that unemployment went up in July from 8.2% to 8.3% and that the so called real unemployment rate composed of the officially unemployed plus those who have given up and dropped out of the work force increased from 14.9% in June to 15% in July.
- But let us focus on the one piece of good news from the July jobs report which is that the number of new jobs increased by 165,000 instead of the 100,000 new jobs that were predicted for July. Yes, this figure may have to be revised downwards just as the figures for most of the past six months have had to be revised downwards and yes this is less than half the number needed to make a serious dent in the unemployment rate and yes it is far lower than the monthly job creation rate in any recovery during the past 60 years and yes we are growing at an anemic 1.5% when we need to grow at nearly 4%. But by the time my Chicago spin doctors and con artistes get through dissembling on this, it will look to the average voter like we are turning the corner on the economy and unemployment and that it is all Bush and Romney`s fault anyway.
- OK, I`m heading out to the golf course and I suggest you guys get back to thinking about the real issues of this campaign which are Mitt Romney`s tax returns for the past ten years and how much Ann Romney`s sweater really costs.
- In closing, let me again give a special shout out to those co-operative 155,000 Americans who stopped looking for work in July and thereby made my unemployment numbers look better than they might have. And let me also give you struggling Americans out there a priceless piece of advice from your Dear Leader: always use your long irons instead of your fairway woods when you have a choice between the two.
- Thank you and may God help America.