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Old 05-19-2012, 06:20 PM
 
Location: Maryland
18,563 posts, read 15,783,502 times
Reputation: 6259

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So after a few years of stimulus all the Obama economy has to show for itself is dejected workers.

Obama's 'Less Economy': Americans Facing Less Work, Less Reward - US News and World Report

Quote:
The political season has begun in earnest, with each side putting forth facts and figures hoping that the persuasive power of statistics will bolster the weaker argument. It was Mark Twain who popularized the comment attributed to Disraeli, to wit, that there are three kinds of lies: lies, damned lies, and statistics. So don't be impressed by the fact that the most popular unemployment rate being bandied about dropped to 8.1 percent in April from 8.2 percent in March.

Progress? Not so. Paradoxically, the reason for the drop is negative, not positive. It is due solely to the fact that 342,000 discouraged workers who were seeking employment dropped out of the labor force and are no longer counted as unemployed. Without that withdrawal, the unemployment rate would have risen to 8.4 percent in April. In fact, if the labor force participation rate had remained where it was in June 2009, when the recession officially ended, the headline jobless rate would be north of 11 percent.

The irony is that the Obama administration expended its political capital on healthcare and its social welfare agenda in lieu of a range of policies to nurture strong, durable economic growth. We have instead what might be called the "Less Economy." Unemployment and under*employment mean that as many as a stunning 30 million Americans are now facing less work and less reward for the work they can get.
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Old 05-19-2012, 06:22 PM
 
4,433 posts, read 3,811,100 times
Reputation: 1354
Democrats don't care.
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Old 05-19-2012, 06:24 PM
 
Location: Holiday, FL
1,577 posts, read 1,670,873 times
Reputation: 1151
Are you surprised? Unfortunately, Romney won't be any better.
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Old 05-19-2012, 06:28 PM
 
Location: Honolulu, HI
4,937 posts, read 5,073,988 times
Reputation: 6175
Quote:
Originally Posted by the_windwalker View Post
Are you surprised? Unfortunately, Romney won't be any better.
So true!
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Old 05-19-2012, 06:42 PM
 
Location: Maryland
18,563 posts, read 15,783,502 times
Reputation: 6259
Quote:
Originally Posted by the_windwalker View Post
Are you surprised? Unfortunately, Romney won't be any better.
He'll be better for the USA just like Scott Walker has been better for Wisconsin.
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Old 05-19-2012, 06:53 PM
 
3,064 posts, read 2,162,318 times
Reputation: 967
Quote:
Originally Posted by EdwardA View Post
He'll be better for the USA just like Scott Walker has been better for Wisconsin.
Tis true. Tis true.
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Old 05-19-2012, 06:55 PM
 
3,064 posts, read 2,162,318 times
Reputation: 967
Guess Obama's "Hope" has turned into "Hopeless."
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Old 05-19-2012, 07:13 PM
 
4,572 posts, read 2,862,319 times
Reputation: 3261
So what the left is now reduced to is saying Romney won't be any better than obama? Well, hell, I'll take my chances on Romney. So will a huge majority of Americans this November.
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Old 05-19-2012, 07:16 PM
 
Location: Warren County and loving it!
5,079 posts, read 7,251,101 times
Reputation: 2557
I know it upsets me when I see people that were once doing well, as in making ends meet, now struggling to get groceries. The same ones that are currently unemployed whose benefits have run out and their spouses are underemployed. There is one company I know of that for the third straight year are making their employees take a pay cut.
It's sickening.
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Old 05-19-2012, 07:39 PM
 
Location: Honolulu, HI
4,937 posts, read 5,073,988 times
Reputation: 6175
Quote:
Originally Posted by Jerseyt719 View Post
I know it upsets me when I see people that were once doing well, as in making ends meet, now struggling to get groceries. The same ones that are currently unemployed whose benefits have run out and their spouses are underemployed. There is one company I know of that for the third straight year are making their employees take a pay cut.
It's sickening.
I hear you! My wife took a 60% pay cut. It's total BS!!!
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