How Many Times can a Dem Economist be Wrong and Still call Himself an Economist?

By Rob Janicki

Economist Mark Zandi, a registered Democrat and Obama supporter, saw his rosy job creation predictions fall short once again on Friday.

The Moody’s economist predicted that figures from the Bureau of Labor Statistics would show that the U.S. economy added 210,000 jobs in August. In fact, BLS said payrolls increased by just 142,000.

Zandi, a supporter of President Barack Obama’s economic policies, has previously been forced to eat crow after his optimistic economic predictions failed to pan out. Friday’s jobs numbers were so lackluster even MSNBC guests appeared unimpressed.

“It’s a disappointment—a big one,” said CNBC host Sarah Eisen on Morning Joe. Read more FreeBeacon

That information is bad enough, but then compound that with the fact that the size of the American labor force has shrunk by 7 million workers since Obama took office.  That's the real measure of the overall health of the economy.  When more people are dropping out of the labor market, that means less productivity contributing to the GDP.  It means more families are suffering reduced income.  The average American family income has shrunk by almost $4 thousand dollars a year under Obama.  How does that equate to an improving economy?  It doesn't, but that doesn't stop a liberal from telling the Big Lie over and over again.  That's just part of their plan to undermine the truth.

So the next time Obama or any other Democrat tells America that the economy is getting better, ask them why the labor market participation rate keeps falling, indicating fewer Americans are working and drawing an income  

Contrast that decline in the labor participation rate with the skyrocketing all time high numbers of people on food stamps and a rational person would have to conclude that Obama and his sycophants are just flat out lying to America.