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:
Not a new story.
Exactly, citizens first
Obuma n his goons n all dont care bout true Americans but if your illegal they all will bend over backwards to help , BUNCH OF PURE BS
The rest are illegal or refugees on the dole. I will not give to anything that helps people other than Americans. Screw the UN>
THEY CARED SOMEWHAT TIL SCUMOBUMA GOT IN
They only have themselves to blame. How many of those people are poor because of poor choices and laziness?
THEY ALL BELONG IN PRISON N ROT , NOT CARING BOUT AMERICANS , THEY NEED A BIG CUT IN THEIR PAY
AND IT,S MOSTLY THE WHITE PREVELAGED ONES NOT THE POOR BLACK WHINE$#%&!@*SS
Sadly our American government is more concerned with sending millions to other countries so that their leaders can become richer and our American people suffer.
But the$#%&!@*in the WH wants a 18 percent raise. Tell him to get real, suck on your thumb and$#%&!@*your pants. Should be put on trial for treason and hung by neck until his head comes off without cutting the rope.