By: the Common Constitutionalist
John Williams was on Fox News Sunday Morning Futures with Maria Bartiromo. Williams is the chief of the San Francisco Federal Reserve.
Maria asked him about job growth in the United States. She asked: “Where are the jobs in this country?” Williams started, right out of the gate, as if towing the Obama/democrat party line by saying: “Last year was an amazing year for job growth,” proudly proclaiming that there were 3 million jobs created.
I don’t know whether he actually believes this to be an “amazing” accomplishment, but his tone sure gave every indication.
Breaking that yearly 3 million number down – that’s an average of 250,000 jobs created per month. He then claimed that not all were low paying jobs either. These were also good paying jobs.
I have no doubt that some were high paying jobs, but we all know that percentage is minuscule. Sadly there was no question or push back of that claim by Bartiromo.
What he also neglected to mention is that number, 250,000 falls far short of what’s needed just to maintain, much less grow. That number is about 350,000 per month – 400,000 or more to catch up to pre-recession levels. Remember the recession? Possibly not, being that we are supposedly 6 years removed.
Aren’t these Fed Governors are supposed to be the smartest guys (and gals) in the room? read more