Stephanie
Diamond Member
- Jul 11, 2004
- 70,230
- 10,864
Hope and change, trickle up poverty
links and graph at site
SNIP:
How does he do it?
The Obama recovery is the worst ever.
One million fewer Americans are working today than before Barack came into office.
labor participation rate obama
(Heritage)
And its only going to get worse
Obamacare will cost 2.5 million jobs.
And, the CBO reported this week that Obamas minimum wage hike will cost the country another 500,000 jobs.
Investors Business Daily reported:
Januarys labor report confirmed yet another month with over 100 million Americans not working. In fact, more than 100 million Americans have not been working in Obamas workers paradise for all of 2012 and 2013, a unique achievement in American history.
White House spokesman James Carney hailed this as a milestone on the path toward the ultimate complete liberation of the American worker from the drudgery of work.
The 101.7 million Americans not working in January reflected the employment-population ratio for the month of 58.8%, compared to to put it in proper perspective 62% in a good year. By the fifth year of Reagans recovery, the employment population ratio was up to 61.5%, on its way to 63.0% in 1989. That represented an increase of 17 million jobs since the Carter recession started.
Today, after five years of Obama as president, we still have not recovered the jobs lost since the latest recession began in December 2007. The economy then was employing 146.273 million Americans.
More than six years later, in January 2014, the number of Americans employed was still only 145.244 million, or about 1 million fewer jobs. By now in the normal recovery there would be 6 million more jobs.
Obama is not the only president to be challenged by a recession while in office. Since the Great Depression, there have been 10 other recessions before this last one. On average, all the jobs lost in those recessions were recovered within two years after the recession started.
Read the rest here.
Worst. President. Ever. Obama ?Recovery? Results in One Million Fewer Jobs | The Gateway Pundit
links and graph at site
SNIP:
How does he do it?
The Obama recovery is the worst ever.
One million fewer Americans are working today than before Barack came into office.
labor participation rate obama
(Heritage)
And its only going to get worse
Obamacare will cost 2.5 million jobs.
And, the CBO reported this week that Obamas minimum wage hike will cost the country another 500,000 jobs.
Investors Business Daily reported:
Januarys labor report confirmed yet another month with over 100 million Americans not working. In fact, more than 100 million Americans have not been working in Obamas workers paradise for all of 2012 and 2013, a unique achievement in American history.
White House spokesman James Carney hailed this as a milestone on the path toward the ultimate complete liberation of the American worker from the drudgery of work.
The 101.7 million Americans not working in January reflected the employment-population ratio for the month of 58.8%, compared to to put it in proper perspective 62% in a good year. By the fifth year of Reagans recovery, the employment population ratio was up to 61.5%, on its way to 63.0% in 1989. That represented an increase of 17 million jobs since the Carter recession started.
Today, after five years of Obama as president, we still have not recovered the jobs lost since the latest recession began in December 2007. The economy then was employing 146.273 million Americans.
More than six years later, in January 2014, the number of Americans employed was still only 145.244 million, or about 1 million fewer jobs. By now in the normal recovery there would be 6 million more jobs.
Obama is not the only president to be challenged by a recession while in office. Since the Great Depression, there have been 10 other recessions before this last one. On average, all the jobs lost in those recessions were recovered within two years after the recession started.
Read the rest here.
Worst. President. Ever. Obama ?Recovery? Results in One Million Fewer Jobs | The Gateway Pundit
