Disaster: No jobs added in August, unemployment above 9% 30 months after Obama promised it wouldn't go above 8, June and July job gaines revised sharprly downward, and we owe $4 trillion more than when Obama came into office

Hurricane Irene was all hype, but Hurricane Obama is devastating the US economy. From the AP, the August jobs numbers are an utter disaster: Employers add no net jobs in August

Employers added no net workers last month and the unemployment rate was unchanged, a sign that many were nervous the U.S. economy is at risk of slipping into another recession.

Worse yet, 120,000 - 150,000 jobs need to be created each month just to keep up with population growth as teenagers age into the job market.  So a goose egg on paper is a huge net negative.

The Labor Department said Friday total payrolls were unchanged in August, the weakest report in almost a year. It's the first time since February 1945 that the government has reported a net job change of zero. The unemployment rate stayed at 9.1 percent.

Here's perhaps the most infuriating part though - we're being lied to:

...Job gains in June and July were revised lower, to show 57,000 fewer jobs added. ...

Enron has nothing on Uncle Sam. The real unemployment rate by the way is 16%, not 9.1%. The way the government calculates the unemployment rate makes Enron look honest by comparison. That's in addition to the almost obligatory downward revision of prior numbers. Obama promised that 3.5 million NEW private-sector jobs would be created by the $1.2 trillion stimulus bill ($800 billion + interest over 10 years since the US is bankrupt) by 2010. Instead, more than 3 million jobs have been lost. Here is what has been happening with Biden's 3-letter word since Obama took over:

Obama is the halfway through the 2nd term of Carter

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
January US jobs lost: 20,000
February US jobs lost: 30,000
March US jobs lost: -162,000
April US jobs lost: -290,000
May US jobs lost: -431,000
June US jobs lost: 125,000
July US jobs lost: 131,000
August US jobs lost: 54,000
September US jobs lost: 95,000
October US jobs lost: -151,000
November US jobs lost: -39,000
December US jobs lost: -103,000
January US jobs lost: -36,000
February US jobs lost: -196,000
March US jobs lost: -216,000
April US jobs lost: -244,000
May US jobs lost: -54,000
June US jobs lost: -18,000
July US jobs lost: -117,000
August US jobs lost: 0

Total US jobs lost under Obama: 2,813,000 jobs

Essentially 3 million fewer jobs to lose, and that's neglecting the corrections that were made to the jobs numbers from 2009 and more recently that showed even bigger losses. Recall that the stimulus package was supposed to stop the unemployment rate at 8%! A crisis could become a calamity? Remember that? Obama promised the unemployment rate would not exceed 8% if Congress gave him a $1.2 trillion (including interest) slush fund in the form of the stimulus boondoggle:

Here's what he has to show for all that debt:

And 2011 isn't looking any better than 2010.