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:
How much of this is a result of poor choices, getting ripped off as schools with worthless degress and not the skills that are in demand. How many are also the poor choices of divorice and breaking up or not forming families which are the natural support structures and burden sharing systems?
. . . but illegals and foreigners get free hand outs paid for by Americans!!!! What’s wrong with this picture?!
A sorry state when our govt. does not take care of our own!!
This will continue if Clinton or Sanders is elected
Cloward piven and more democrat voters!!!
Too many people die unnecessarily in this country because of Washington, greed, corruption and that POS in the white house. I am praying extra hard for an end to the insanity and to get America back.
Cut Obama and GOP pay until every nickel stolen from social security is paid back with interest, not their cookie jar
u right peewee jackson i agree with u
I’m not really a fan of Obama (especially with the recent questionable things he’s trying to pull) but stating our last recession started right when he entered office? Sigh… Cmon…
AMERICANS FIRST…….AMERICAN CHILDREN FIRST