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:
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Looking at the cost of government that is built into big government. Not just the direct cost taxes but also the cost of compliance and the cost of lawyers that we all pay. It is a nickel here and a dime there but since 2011 Ramen the cheapest food went from 11c to 20c. That is that prices on every daythings have doubled and many other things cost more to make government happy like thousands more for new Cars to meet the Obama global warming scare.
This is true
Because of obama
Once again I would love to read your article but I’m not going to get a magnifying glass to do it
RIGHT AGAIN!!!!
This is because all the things that cost business more to comply costs us more to pay for. We are also at historic lows for new business creation to true path to wealth and job creation engines. These costs and regulatons protect business because competition is priced out and profits assured.
Illegals have it..
Some use this to increase governemtn to jump on businesses to provide things affordable but that only costs more squelches competition and protects those who are currently profiting.
Slightly overstated. However, people are sure poorer since the idiots elected Ovomit, twice.