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:
It’s sad and I don’t know if there is any relief in site.
Thank you democrats, hope your one of the starving!
Some hide behind skin color. .like that makes it alright to cheat if your skin color is the same as mine..
This is a result of the jobs killing economic depression from 7 years of radical policies of Obamasama and his babe Hillary the criminal wants to continue the same.
That’s a lot of people
So.. food stamps n housing for FREE TO OVER 4 MILLION ILLEGALS
But keep sending jobs to other countries
Americans go hungry while the President wants to bring in Muslim refugees and give them free housing, food and health care. And not to mention our veterans who need a place to live medical care and food. Democrats must love that cool aid.
You mean “THEY” are just now figuring that out ??????? !!!!!!!
if our government would stop giving trillions of dollars to foreign countries ours wouldn’t be in such a mess. Charity should begin at home.