President Obama has successfully conned the American public on a number of things, none more egregiously than the American economy and labor rates. His solution for the great recession that began at the start of his first term was to spend massive amounts of borrowed money on what he called “shovel ready jobs.”
It turns out that most of the money went to short term union jobs, and although unemployment is now reported to be at about 5% nationally, many experts are saying that the real rate is perhaps at 10% to 15%. The difference is ascribed to the huge number of people who have given up and are no longer in the labor force and therefore not counted, and the number of people who are working only part time or at low income jobs below their skill level.
This is not the America we have come to expect, and the Obama administration’s blatant antagonism towards business has worsened the problem considerably. These economic facts do not exist in a vacuum, and it is clear that American households are suffering as well. New economic research shows some dire consequences of Obama’s mismanagement of the economy, and a “cool” explanation from Obama is not going to change the economic reality that U.S. families are now suffering.
See page 2 for household income analyisis:
Tell that to Obama!
That’s because the elite have all of the tools necessary to take full advantage of the social-economic situation that we have in this country ! It’s called economic slavery .
And it’s the ones born here that work!
We are in sad state of affairs. Win Trump to correct all the wrongs and make them right.
it seems we know what is wrong and have let the sorry asses in washington keep on giving to everyone else but americans. Washingotn has no clue about the USA the only they worry about is their own pockets
Is that because they don’t work? What is happening in our country that so many people are out of work? Vote Trump!!!
That’s how it seems to be.
You are so right.
THIS IS THE BLAME OF POLITICIANS THAT HAVE DRIVEN BUSINESSES OUT OF THIS COUNTRY AND KILLED BUSINESSES THAT ARE STILL HERE!! THERE ARE FEW JOBS AND NO INCENTIVE TO WORK ANYMORE!!
And they want more illegal immigrants brought in for the freebies?????!??