Re: Workforce participation rate decline worse under Obama
posted at 8/5/2014 11:12 AM EDT
In response to ComingLiberalCrackup's comment:
In response to high-road's comment:
Congratulations ... you've found the needle in the haystack ... the one statistic which has been in decline for close to 15 yrs ... the one statistic out of dozens of measures for the employment situation that has not turned around since Obama took office.
... bullheadeness like that is truly amazing.
yes, someone is bullheaded, alright. The recession ended in 2009, yet the pathetic anemic recovery and bad economy have persisted throughout Obama's tenure. Worst recovery from a recession since WW2.
In a recent interview with the Economist, President Barack Obama made the following statement: “I think you’d have to say that we’ve managed the economy pretty well and business has done okay.” He said: “Since I have come into office, there’s almost no economic metric by which you couldn’t say that the U.S. economy is better and that corporate bottom lines are better. None.”
Wrong. Since Mr. Obama took office, the median family income rate has continued to decline, according to Census Bureau data through 2012.
Another measure that does not point to an improving economy is enrollment in the Supplemental Nutrition Assistance Program, commonly known as food stamps. Even though the recession officially ended in mid-2009, the number of people collecting food stamps continued to climb until recent months, and participation in the program remains far higher than any other point over the past 30 years. Close to 50 million !
The poverty rate has climbed since Mr. Obama took office. Through 2012, the most recent year available, the number of people in poverty had risen by 2.9 million.Studying presidents by their job creation record, also places Mr. Obama near the bottom of the pack. Since the presidency of Harry Truman, only three presidents have seen the level of employment grow by a smaller percent than Mr. Obama: the brief presidency of Gerald Ford, the one-term presidency of George H.W. Bush, and that of his son, George W. Bush which ended in the recession.
As we know, the unemployment rate as calculated is a fraud; the true chart that should be displayed is the number of FULLTIME jobs created, which would show Obama in a dismal position since this administration is the king of part-time jobs. Obama is not good for the economy. Period.
The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation's existence--from 1776 through 2003.....
The claims of the deficit being 'cut" and spending under control are nohing but spin.
He was talking to his base, the progressive elite. They are doing well in the Obama economy.