How Obama created 22 million jobs
I have been forced to concede that Barack Obama is one of the foremost and accomplished economic minds in the US today. Yesterday he claimed he has created 22 million jobs since becoming president, yet those of little faith quickly belittled him and his claim. But they simply do not understand how a truly brilliant mind operates and that he is infallible and incapable of admitting a mistake.
Therefore he must have created nearly 22 million jobs. He just didn't say where or how. So there must be an explanation for his statement -- and there is.
The answer is overseas. Since January of 2009 the US has purchased $1.03 Trillion dollars (average of $342.5 Billion per year) worth of goods from the Peoples Republic of China. Over the same period of time their annual Gross Domestic Product has increased by an average of $466.6 Billion per year.
But more importantly the Chinese have created an average of 11 million jobs per year over this time. Since the US purchases from China averaged 73.4 per cent of their GDP growth it is only logical to assume the US is responsible for creating an average of 8.0 million jobs per year for a total of 24.0 million new jobs created.
When the loss of 1.6 million jobs in the US since he became President is factored the result: job growth of: 22.4 million.
See, our brilliant and fearless leader is incapable of making a mistake or error so it is reassuring to know that his record remains intact. It is just that the rest of us are too ignorant to appreciate his unique gifts.