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:
Prices are going to go way up just to cover costs, and a lot of jobs will be gone.
That’s because they give to the wrong people !
Obama does not care. He wants every citizen to be totally dependant on the government
Let um just keep giving it to the refugees!!!
Seven years of Obamas failed economy and Hillary said She will continue Obamas Policies. Obama and His EPA are the reason we still have a failed Economy. Liberals are Politicians and not business Persons.
Especially for the young people and families just starting out. The rents and mortgages are very high.
I’m sorry Nate when you get to the point of getting a job and breaking your back to give your family or yourself whatever you need. And people out there use the system and are given money for Various reason my comments are directed towards the lazy asses capable of working but don’t or have kids they can’t afford to pay for just BC the government gives more money if u have another
life isn’t fair all the people that need safe places BC someone voiced a opinion that they didn’t like need to put their big boy pants on BC life isn’t all unicorns and rainbows ( love that saying)
but seriously I know people need help and I’m OK with helping hell I do it every chance I get its just the percentage that need it BC they are lazy or refuse to live within their means that aggravate me.
SO TRUE
AND THE F**K**G BAS*AR* wants to bring more immigrants into america when one out of every four are hungry..
Must be buying drugs with food stamp money