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 have 5 kids and work at McDonald’s!
Obomba’s Amerika. Yet Another Obomba Failure!
And the obamas waisted n continue to waist billions of our money on their lavish selfish needs,
But they have an iPhone..!!
I don’t think that one-third statistic is accurate.
Very true
Someone should ask why
Are you kidding me,why are all prices going up while many get no salary increases while congress wants to give it self a raise ? All prices should have been frozen in a recession . Of course obama wants an increase in retirement.
Thanks Obama, — As for the criminal Obama: We, legal law abiding citizens of The United States of America, are demanding the arrest and conviction of Barack Hussein Obama for High Treason, under Article 3 of the United States Constitution for aiding and giving comfort to our enemies… OBAMA FORGOT ABOUT THIS LAW …… Islam, by law, is prohibited from US immigration. The Immigration and Nationality Act passed June 27, 1952 revised the laws relating to immigration, naturalization, and nationality for the United States. That act, which became Public Law 414, established both the law and the intent of Congress regarding the immigration of Aliens to the US and remains in effect today. Among the many issues it covers, one in particular, found in Chapter 2 Section 212, is the prohibition of entry to the US if the Alien belongs to an organization seeking to overthrow the government of the United States by “force, violence, or other unconstitutional means.” This, by its very definition, rules out Islamic immigration to the United States, but this law is being ignored by the White House.Islamic immigration to the US would be prohibited under this law because the Koran, Sharia Law and the Hadith all require complete submission to Islam, which is antithetical to the US government, the Constitution, and to the Republic. All Muslims who attest that the Koran is their life’s guiding principal subscribe to submission to Islam and its form of government. Now the political correct crowd would say that Islamists cannot be prohibited from entering the US because Islam is a religion. Whether it is a religion is immaterial because the law states that Aliens who are affiliated with any “organization” that advocates the overthrow of our government are prohibited. To contact The White House or The United States Congress, Call this # 202-224-2341 Between 8:30 am and 4:00 pm EST. M-F. Be nice, tell them “Obama MUST BE arrested, convicted, and Impeached for High Treason”.
None of his bums on welfare are in that 1/3. Only struggling tax payers supporting his parasites.