10/7 Quote Of The Day: Jobs Deficit

"Here’s the big picture. Today 12,088,000 Americans are officially unemployed (down from 12,544,000 in August). Another 6,427,000 are unemployed and want jobs, but have dropped out of the labor force and are not officially counted (down from 7,031,000 in August). Still another 8,613,000 are employed part-time for economic reasons (up from 8,031,000 in August). What this means is that 27,128,000 American[s] are still unemployed or underemployed, an amount essentially unchanged since August. The truth is that if Barack Obama’s trickle-down-government approach had worked, then the jobs deficit wouldn’t be worse today than it was in December 2009, when it registered in at 11,479,000, yet it is. In light of September’s minuscule improvement, how many jobs must now be created each month in order to reach full-employment? How long will this take? And, in light of the answer, is another four years of Obamanomics the cure?" — Larry Walker Jr., conservative accountant and blogger