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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Yeah but the rich keep getting richer!!!!
Obama will put all comers on the government dole. That is one of his greatest legacies. #OnWelfare
Thanks to the crappy politicians that tax us to dealth
Renate Noland, we need more people like you that can articulate the problem and solutions like you can. Thanks for being bold and brave enough to state your convictions
Cathy this is every where, my house in on the street that people line up on to gather kids from school, guess who drives the new cars and trucks, same ones who are on all free programs.
I am a part of a church outreach ministry. We hand out free food every Friday night and my church has a trailer full of kids clothes and diapers for those in need. Alice if you have a church, go to them and tell them what is happening with you. If not, reach out to a few and let them know your situation. Also, seek help from the gov’t for what they might have. Life is tough but there are folks out there that want to help, we just need to know. Also, maybe start a go fund me for help with replacing things. God bless.
Well I wish I new how to work the system like that wow!!! Because I never had that opportunity. But I also know folks don’t tell the truth and add others to their benefits that should’t count. Have no idea how that happens but yes I do see it too! My neighbor lived off his father’s benefits, fathered 6+ children and never worked. How he can live off his father’s benefits, I’ll never know. I guess I”m to honest! LOL!
They cant “afford” it cuz they won’t get off their welfare queen arses and work.!!
Scream impeachment of the president