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:
Because they made bad life choices!
Obama wants America to be a 3rd world nation , & eat insects ,
Epidemic Proportions, homeless and poverty has grown out of control, mushroomed under the Obama Admin. Plus U.S. VETS are ignored. But Obama is only concerned about taking care of illegals and Muslim immigrants with homes, food, medical, jobs,etc. Why?
Blessed are the meek,lest they make you bend, on your knees and beg!
But all those giant corporations need those Federal Govt subsidies. Let the poor people pull themselves up by their own bootstraps.
More like 40% thanks Obummer
Cool I like
Yeah, so let’s keep funding our enemies, allowing foreign countries to dump their junk here without being taxed on it, keep tuning our backs on the truly needy here in America including our veterans! … TRUMP – 2016!
And we are giving immigrants money when our own need help!! If the immigrants manage to get here they can manage to get back. Why do we have to take care of them???
” Americans would rather die on their feet than serve on their knees.” G. Washington