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:
It will be fixed once Obama and Clinton bring in a million Muslim refugees.
Daniel Litz that my friend is an absolute lie. Poor white scum down the street from me are on welfare and have free phones…Three families of lazy good for nothing white loafers…most of them making and selling meth…on welfare.
Carolanne Howell Gurley The government is not supposed to help the middle class…Tru Patriots look after themselves, crave small government and would rather die than accept help from the commie government. You must be a dirty commie…
not to mention that if you had any brains you would have saved money for a rainy day…stupid conservative oakies….jesis christ you’re a mess…
The true theory of our Constitution is surely the wisest and best, that the states are independent as to everything within themselves, and united as to everything respecting foreign nations. Let the general government be reduced to foreign concerns only, and let our affairs be disentangled from those of all other nations, except as to commerce, which the merchants will manage the better, the more they are left free to manage for themselves, and our general government may be reduced to a very simple organization, and a very inexpensive one; a few plain duties to be performed by a few servants.” That is a great Thomas Jefferson quote, but what country is he talking about? I certainly don’t recognize it.
“A wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.”
– Thomas Jefferson
There are many without food. and you can’t get welfare unless you have an address so that leaves out humdreds of thousands and about 1/2 of those are children. There is another group that won’t ask for help even thought they need it and they try to make do these people don’t have electric, food, shelter,clothing,safety. So yes there are many and many more I HAVE NOT MENTIONSED
actually up here we are cutting cables even the ones with money. I bought a fire stick because I have amazon prime so I get to watch shows and two day shipping for 100.00 per year. less then ten dollars a month. We get a lot of tv stations that some people don’t even know exist with an antenna. Also many of us already have Netflix. Now if enough people do this they will sooner or later have to get better deals going. Oh yeah and this is why Verizon residential is hurting so bad. Those higher wages make higher priced luxuries. As far as the rents we keep allowing more and more illegals, refugees, and others coming into the country which makes housing demands rise which makes the cost rise as well. Gas comes down groceries are still up there.
This is not true
The government right now is giving everything to the so-called refugees. And the illegal immigrants. If you’re American you’re s*** Outta luck. I am on SSD after 43 years of working. My wife has had 3 heart attacks. On food stamps we received $15 a month. And for that lousy $15 they want to know your whole freaking history every move you make so I said no.
while dumbo just gave himself a raise for life . better get back in the woodpile!!!