9/07/2012

My newest op-ed at Fox News: Do the math, Mr. Obama, you've run out of excuses on jobs

My newest Fox News piece starts this way:
Despite a growing population, fewer Americans have jobs today than when Obama took office. And the jobs pay less, too. 
With the release today of the August job numbers, there are still 261,000 fewer Americans employed than when Obama became president. Almost a million -- 822,000 -- fewer Americans have permanent jobs. 
And we have fewer jobs despite there being many more Americans than four years ago. There are now over 8.4 million more working age Americans. Normally about 60 percent of the working age population have jobs. Thus, it would have been necessary to add about 130,000 jobs each month just to keep the share of the working age population employed from falling. 
The middle and upper income jobs lost during the recession are being replaced lower-wage jobs during Obama’s recovery. Middle income occupations accounted for 60 percent of the jobs lost from the first quarter of 2008 to first quarter of 2010, but 58 percent of the jobs created since then have been in lower-wage occupations. While we have lost jobs in skilled construction, real estate, and supervisors, most new jobs are in retail sales and food preparation. . . .



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5 Comments:

Blogger Unknown said...

Does it bother you that Fox pressures you too write such intellectually dishonest articles as this? I mean PhD in Economics, I would think you would care more about the integrity of your work.

9/07/2012 6:16 PM  
Blogger matt kapp said...

John..as was said in DNC which you ould have bad-mouthed, Repubs messed it up, now they want back in.. nice try..
If Twitt had the magical dust, he would have brought it out.. all he has generics ..his only job creation would probably be wars and more death/destruction..

nice try though, 4 more for OBAMA

9/07/2012 6:37 PM  
Blogger Chas said...

The stock market is running on hopes of QE3. They've given up on jobs, on earnings, on GDP. We're down to welfare for Wall St. That's how low we've sunk as a nation. Capitalism is crawling on its hands and knees, begging for scraps from the government. What degradation! What a deplorable condition for this once proud nation!

9/07/2012 10:37 PM  
Blogger John Lott said...

Dear Unknown:
If you can actually point to something that I have written that is inaccurate, please let me know.

Dear Matt:
The issue of forcing banks to make loans that they didn't want to make to people who would have a hard time paying back the mortgages is something that started in the 1990s under Clinton. Bush didn't change this and in my book Debacle I fault his administration for that. But Bush at least tried to clean up Fannie Mae and Freddie Mac, both organizations that the Democrats have tried to protect from being fixed. There is blame to go around, but most of the blame is borne by the Democrats.

Dear Chas:
I thought that the bailouts were wrong.

9/08/2012 1:16 AM  
OpenID DougHuffman said...

Is a "professional" (those are scare-quotes) with visible tattoos counted as in or out of the job market. I would think he has removed himself from consideration for professional employ.

9/08/2012 7:17 AM  

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