The Slow-Motion Manufacturing Jobs Disaster July 5, 2013Posted by geoff in News.
When Organizing for America first published their “1 Million Manufacturing Jobs in 4 Years” promise in April 2012 (a promise the President repeated in September 2012), we were gaining about 25K manufacturing jobs per month. 48 months x 25K = 1.2 million manufacturing jobs: “1 million with a little to spare!” they thought.
But then the administration’s reverse Midas touch took effect and since April 2012 we’ve been gaining ~3K jobs per month. That means that after 48 months we’ll have added 151K manufacturing jobs. You can see the difference between OFA’s (and President Obama’s) rosy predictions and reality below:
But wait!, you say, what if we start the clock in September 2012 when the President made that promise personally? You’re right – we’ve added 4.3K jobs/month since September, which means in 4 years we’ll have 208K manufacturing jobs.
Either way, it’s a disaster for manufacturing, which has lost 2.5 million jobs in the last 10 years, and for the President, who can’t keep even this inadequate promise to America.