Where are the jobs? U.S. Loses Another 85,000 Jobs In Dec; Unemployment At 10%

Wait, didn't Obama argue that the stimulus must be passed to avoid double-digit unemployment? Why yes! Yes he did!

How's that stimulus working out for you all? Here is what has been happening with Biden's 3-letter word last year:

January US jobs lost: 598,000 jobs
February US jobs lost: 706,000 jobs
March US jobs lost: 742,000 jobs
April US jobs lost: 545,000 jobs
May US jobs lost: 345,000 jobs
June US jobs lost: 467,000 jobs
July US jobs lost: 247,000 jobs
August US jobs lost: 216,000 jobs
September US jobs lost: 263,000 jobs
October US jobs lost: 190,000 jobs
November US jobs lost: 11,000 jobs
December US jobs lost: 85,000 jobs

Total US jobs lost under Obama: 4,415,000 jobs

4.42 million fewer jobs to lose. Thus why be surprised that there are less job losses as time goes on anyway? Remember that the stimulus package was supposed to stop the unemployment rate at 8%! A crisis could become a calamity? Remember that? Here's how that looks:

Note that the blue lines are the numbers that Obama's team came up with. So the actual unemployment rate is not only worse that what would happen with porkulus, but even worse than was predicted without it. From Reuters via Yahoo! Finance: Economy sheds 85,000 jobs in December

U.S. employers unexpectedly cut 85,000 jobs in December, government data showed on Friday, cooling optimism on the labor market's recovery and keeping pressure on President Barack Obama.

...The unemployment rate was unchanged at 10 percent in December.

...Unemployment remains the Achilles heel of the economic recovery that started in the third quarter of 2009 following the worst recession in 70 years. Creating jobs is critical to sustaining the economic recovery when government stimulus fades.

For the whole of 2009, the economy shed 4.2 million jobs, the department said.

Still the job market continued to show broad improvements last month, with a number of sectors showing gains.

Uh - when sector A loses 10 jobs, but sector B gains 9, it's still a bad economy regardless of what sector B did, no? As for the recovery - WHAT RECOVERY??? If they are talking about the GDP being positive in the 3rd quarter, that was due to increased government spending of money that we don't have and are printing and borrowing. It's not real! That "robust" 3.5% GDP growth rate in Q3 that the AP heralded as the end of the recession sans actual jobs? That got reduced. A lot. As in down to 2.8%. Even that is deceiving as consumer spending, which comprises 70% of the economy, declined 0.5% during the same period (Positive GDP Fraud! Consumer Spending DOWN 0.5%. GDP Up Because Of MASSIVE DEBT!). So how is it that the GDP increased in the 3rd quarter after consumer spending decreased? Well, that's got everything to do with the 'G' in the GDP - gross. That includes consumer spending, business spending, and government spending. So if the consumer spending is down, one way to artificially inflate the GDP number is to increase government spending with money that the government doesn't, by the way, have. In essence, the GDP number is positive due to increased debt! It's purchased on a government card that has no credit limit. Yet, the MSM has trumpeted the end of the recession after 4 straight quarters of negative GDP:And that bump in GDP came at the expense of this:And there is much more pain to come. This is unsustainable to the nth degree.

UPDATE: Linked by Instapundit! Thanks!

UPDATE #2: More over at memeorandum, with commentary from Cold Fury, Scared Monkeys and Hot Air