Z Deconstructs Pelosi

*Hat tip to Z...
Z deconstructs Pelosi's comments (in red). His corrections to her comments are in green below based on the Bureau of Labor statistics.

-Pelosi: Where Are the Jobs, Mr. President?
August 1, 2003
Washington, D.C. --
House Democratic Leader Nancy Pelosi released the following statement today on the
Bureau of Labor Statistics' announcement that 470,000 people abandoned their job searches in July and that 3.2 million private sector jobs have been lost since President Bush took office: “The fact is that President Bush’s misguided economic policies have failed to create jobs. Since President Bush took office, the country has lost 3.2 million jobs, the worst record since President Hoover. And today we learned that in July nearly half a million people gave up looking for a job. “Job losses are taking a real toll on the financial security of American families. While Democrats are fighting for opportunity, jobs, and economic security for working families, Republicans continue to focus on helping those who need help the least.

“According to today’s survey, while the national unemployment rate dropped slightly, it still stands at a near record high. In addition, the unemployment rate for African Americans was still over 11 percent in July, and the unemployment rate for Hispanics was 8.2 percent in July.
“It is time for President Bush and the Republicans to get to work for all Americans, not just the elite few.”
http://www.house.gov/pelosi/press/releases/Aug03/prWherearetheJobs080103.html

Since President Obama took office, the country has lost 7.6 million jobs.

Since President Obama took office an average of 524,000 have lost their jobs each month.

Unemployed African Americans is at 43.8% in January, 2010

Unemployed Hispanic Americans is 37.2% in January, 2010

08/01/2003 U3 Unemployment 6.2%; U6 Unemployment 10.3%

02/01/2010 U3 Unemployment 10.3%; U6 Unemployment 16.5%

*See the U.S. Department of Labor, Bureau of Labor Statistics February 1, 2010 release.