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:
Thx to ofuckhead and his minon
And yet King OBAMA wants to give it all to the Muslims and other illegal [and every one fears TRUMP thats funny]
And the republicans want to tax the poor…you know these guys who don’t make enough money to even file taxes..the very poor taxed at the same rate as the very rich?…screw that..
yet obama has a 52% approval ratings go figureters on welfare are happy.
That’s impossible unless they refuse to leave their town.
You are a just a person that sells America down the toilet
They pay more in taxes.
But, our government gives Israel $10 million dollars a day.
This is silly… have them leave America and return as refugees, they will be WELL taken care of. BUT ! Don’t mention if you’re a veteran or a senior, you’ll be DOOMED !
Another Obama legacy.