The Conservative Cave
Current Events => Economics => Topic started by: marv on January 11, 2014, 01:30:49 PM
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Here’s just a sample from Investors Business Daily (http://news.investors.com/ibd-editorials/011014-686041-counting-the-ways-obama-policies-have-failed-to-create-jobs.htm)...
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6.3 million: Net new jobs created since Obama’s recovery started in June 2009
13.8 million: New jobs that would have been created had Obama’s kept pace with the average of the previous 10 recoveries.
3.6%: Growth in private jobs since Obama took office.
43%: Growth in the number of temp jobs.
91.8 million: Number of people not in the labor force as of December.
525,000: Increase since November.
11.2 million: Increase since Obama took office.
6.7%: Jobless rate 54 months into Obama’s recovery.
5.1%: Unemployment rate 54 months into George W. Bush’s “jobless†recovery.
13.1%: Jobless rate in Dec. using a broader measure — U6 — which includes people marginally attached to labor force or working part time for economic reasons.
9.2%: Average U6 rate in Bush’s eight years in office.
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One of the additional stats which is extremely important, but particularly dismal, is the drop in median household income. During the height of the recession from 2007 to 2009, household income dropped $1,006 annually, as you might expect during such a crisis. But during the “recovery†from then until now, how much did it bounce back? It dropped an additional $2,535 per household.
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If you thought things were bad, you’re right. But you might not have realized just how bad they are. Democrats have cooked up this "income inequality" meme. But the real inequality is not too many rich people, but too many jobless poor people.
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Obama will have a bloodless coup.....we will all starve to death.....just like his hero, Stalin.