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:
Yes, make it the presidents fault.
Ya that may be true but they afford cable the new iPhone internet nice cars packs of cigarettes a day etc… Live within your means strive to be better wait to have kids till you can afford them.
What do you think Obama care act was for you don’t have or can’t afford to pay for you insurance then they take your hard sweat tears tax money Guy is pc not believing in Christ pc garbage
All people suffer Susan Richards Tremble……you Dems never take claim to anything
You liberala begged for it.Now put on your big boy pants and deal with it.
Govt steals from worker’s taxes and instead of passing to others, they keep passing laws to increase their wages for life! BO is giving OUR money away to illegals, Muslims, refugees, immigrants, etc etc etc!
An organized invasion orchastrated from within…
I am on SSDI, disabled. I worked my whole life assisting others. I EARNED IT! I have not had a $10 raise in all the years obummer has been in office. Having to count pennies to afford toilet paper each month sucks. Meanwhile, Ilegals get it all!
Kick out the Ilegals, close our borders, and let’s give America back to Americans!
WAKE UP PLEASE!
Yes we are dying with hunger.
He sure killed off the middle class, never to return.