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:
thanks to obama, illegal immigrants and companies taking jobs over seas!
Back to basics! Been saying this for years!
But yet Obama wants to keep flooding this country with illegals and refugees. We cannot afford anymore until we can feed the people who are here already. It is just insanity to bring more and more people into this country and not fair to the ones who are here already.
and fine people who can’t afford medical insurance
This is no joke!
Some of our elected officials should have to live on what some of us seniors live on 10,000 a year do. Its eat give up medicine. Always make choices for essentials. Maybe they wouldn’t be so quick to raid our social security.
It’s because Mr. Monkeyboy wants to give the money to the Syrian refugees and the precious illegals. Never mind the homeless veterans and the elderly who need it most!! Bastard!!
96 million out of work all caused by Barak Hussien Soetoro Obama for 7 years.
Funding wars. Funding illegals. Funding refugees. Funding corrupt fraud Obamacare . All cost trillion a year.
Hope and change issues destroying America. Congress hides. Left wing communist socialists pro Islam Congress destroying USA.
Hey but you can be here illegally and We’ll take care of you !!!
because washiongton dose not care about the people of america they get richer we get poorer so for year now people on ssi or ssdi get no raise only rep.and dem.did because they only care for them self and obama i feel that washingtomn should give all people on ssi or ssdi a rase of 50 percent for the next 25 years and after that a 25 percent for life of the person