ITâS OFFICIAL: Barack Obama Is Worst Jobs President Since Great Depression Posted by Jim Hoft on Tuesday, August 3, 2010, 9:24 AM Thanks Barack â Thanks Nancy â Thanks Harry (Source: US Misery Index) And, it only took him 18 monthsâ¦ Another record! Barack Obama is the worst jobs president since the Great Depression and possibly is the worst jobs president in US History. The US unemployment rate has not fallen below 10.8 percent in the last 12 months. This is unprecedented. Common Dreams reported: Donât expect to see this on the nightly news. Today Treasury Secretary Timothy Geithner announced that the U.S. unemployment rate could rise for two months before it drops.