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:
Oh dear we all know who he is ..a lot of the people just don’t care. Or don’t want to believe.. May GOD help them..
Jim Conager, that’s true Jim, and even though it ain’t much, it’s do much more gratifying to make your own $$ even if it ain’t that much.
And that is why so many people have it against. The Obama’s. From other nations. They see what he is doing to America and world.. $#%&!@*s brother…and Hitlery is$#%&!@*s sister..the same will happen to them that happen to$#%&!@*in time they will have to disappear. Foever..
HEY why Don”t you and those who think people are all lying go around and visit. These people. . it is very hard to make it for a lot of people.. . Not every one is privileged. Believe me.. GOD help us..
but Obama claims our economy is the best I laughed so hard ,yeah for him because tax payers are paying for his millions in vacation and golf
its sad when we go grocery shopping and you see older people buying day old meat or stuff not good for them but they have no choice when they have very little money ,,,but Obama gets to feed his family the best this is bs
To get all the free stuff you have to be an illegal!!
tried to dispel this as false , researched the hell out of it , tis true , poverty rate when bush left office 13% , tis 15% now … btw it was only 11% when Bill Clinton left office
This is socialization
But they have cable