President Obama had a press conference today to talk about the latest jobs report, and naturally his focus was on the unemployment rate:
— The White House (@WhiteHouse) February 5, 2016
However, the labor force participation rate remains extremely low:
The labor force participation rate, which peaked a generation ago, little
changed at 62.7% pic.twitter.com/bvtqvs7bsE
— West Wing Reports (@WestWingReport) February 5, 2016
Jan '16 Labor Force Participation Rate 62.7%. pic.twitter.com/D5i7L21Q8L
— Joe Saluzzi (@JoeSaluzzi) February 5, 2016
Obama did acknowledge that today, but in the 8th year of his presidency, he tried to explain that it’s still due to a preexisting condition:
Obama calls labor participation rate a “hangover” from what happened in 2008
— Charlie Spiering (@charliespiering) February 5, 2016
Obama: we're still at a point where labor participation rate is lower than where it's been. Some of this is still the hangover of 2007/08
— Gavin Jackson (@GavinJacksonPC) February 5, 2016
He’s only been in office since 2009, so give him a little time!
Hangover now in its 8th year. Incredible. https://t.co/96pcOxOZe8
— Matt Mackowiak (@MattMackowiak) February 5, 2016
And you know what that means:
— The 57th State ℅EF™ (@EF517_V2) February 5, 2016
After ALL these Obama years, it's still Bush' fault! @charliespiering
— Carole Gilman (@CaroleGilman) February 5, 2016
#Obama impromptu press conference mentions "hangover from 2007-08" Still blaming Bush!!! Statute of limitations expired!
— Frank Furter (@FrankFFurter) February 5, 2016
“Blame Bush” should have its own legacy wing in Obama’s presidential library.
— Kathleen McKinley (@KatMcKinley) February 5, 2016
— B(Rad) (@dweezil620) February 5, 2016
@charliespiering Good grief! Does he ever tire from blaming everyone & everything else for his failures?
— PoliticalCommunique (@PCommunique) February 5, 2016
— Miguel de Los Santos (@iMikeBustamante) February 5, 2016
Because once someone is out of work they stay in bed for the next 8 years before trying to find a job. https://t.co/IupkJlJl3Y
— Zachary O'Gafford (@Zach_Gafford) February 5, 2016
President from 2009-2016 blames current state of economy on a time when the first Iron Man movie was in theaters. https://t.co/HzRoY95yDx
— Razor (@hale_razor) February 5, 2016
@charliespiering Analysis: True, if by "what happened in 2008" refers to Obama's election.
— Robert Scott (@rjs9696) February 5, 2016
@charliespiering this is how you teach youth to be irresponsible and unaccountable.
— Donna Deal (@dealio24) February 5, 2016
Obama: "The economy is still on a hangover and recovering from what happened in 2007." ITS FREAKING 2016 OBAMA
— Wes (@weston_price) February 5, 2016