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:
how many of the one third are living on the government handout?
I believe that this trend is going to continue at an alarming rate especially with the increase in population, illegals, food and fewer and fewer jobs. In addition, people are living and working longer. I also think that the increase in the minimum wage will force a lot of small companies to eventually close their doors. This is coming from someone whose family owned a business in the 60, 70, and early 80s and I started working at the age of twelve at 25 cents an hour.
Still think Reaganomics was good for Murika….Don’t tell me it’s Trickle Down Economics while you peeing on my ankle
all planned to destroy this nation and world so they can CONTROL THE PEOPLE…PEOPLE ITS ALL ABOUT CONTROLLING ALL THE SHEEPLE?
The Cloward and Pevin. Strategy is working as planned..
YET ALL ILLEGALS GET IT ALL FOR FREE SICKENING ITS THE DEMOCRATS RINOS ESTABLISHMENT RNC ROVE ELITES FOREIGN MONEY CORRUPTING OUR GOVT FOR NEW WORLD ORDER TIME TO END IT IT IS TOO CLOSE TRUMP FINALLY JUMPED IN HE KNOWS HE CAN DO IT SO DO THE REST . WE NEED DONALD J TRUMP VOTE TRUMP FOLKS WISCONSIN YOU CAN END CRUZ AND KASICH TODAY AND NO BROKERED CONVENTION VOTE FOR TRUMP TODAY AMERICAN S COUNTING ON YOU TO VOTE FOR TRUMP https://www.youtube.com/watch?v=LSLMf7Itmjw
because of this black person who is in the white house under false pretenses
thats true,to much give away to illegal aliens and refugees
how can that be true Obama is President and the democrats are for the working HaHa
unless you just came up illegally from Mexico and get onto the welfare system. Then you are free to breed gang members and steal jobs away from American citizens. Then you whine and cry that no one speaks your language…your illegal children need to be taught in spanish speaking schools and you can’t buy a house because your fifty relatives share your two bedroom apartment.
Well, Boo-freaking-Hoo! Go back to the country that you helped destroy and we will be just fine without your kind of terrorism!