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Obama printed trillions of dollars to keep the Amerit-tanic afloat.
Economic growth benefitted Americans up and down the income distribution until the Great Recession. Since then, Americans have struggled considerably.
Obama argued his policies have brought the economy back. While labor market conditions have certainly improved from the depths of the recession—the official unemployment rate has even returned to pre-recession levels—these numbers do not tell the whole story.
Millions of working-age Americans stopped looking for work during the recession. Many have not returned to the labor market. The working-age labor force participation rate remains 2 percentage points below pre-recession levels. The government does not count these ex-workers as unemployed— even if they would have jobs in a stronger economy.
This explains why the unemployment rate has officially recovered in the Elkhart metropolitan area despite it still having fewer jobs today than in 2007.
Workers also take significantly longer to find new jobs today. The average jobless worker still spends over six months unemployed. This recovery has gone far slower than the White House promised when proposing Obama’s recovery plan.
Obama printed trillions of dollars to keep the Amerit-tanic afloat.
Economic growth benefitted Americans up and down the income distribution until the Great Recession. Since then, Americans have struggled considerably.
Obama argued his policies have brought the economy back. While labor market conditions have certainly improved from the depths of the recession—the official unemployment rate has even returned to pre-recession levels—these numbers do not tell the whole story.
Millions of working-age Americans stopped looking for work during the recession. Many have not returned to the labor market. The working-age labor force participation rate remains 2 percentage points below pre-recession levels. The government does not count these ex-workers as unemployed— even if they would have jobs in a stronger economy.
This explains why the unemployment rate has officially recovered in the Elkhart metropolitan area despite it still having fewer jobs today than in 2007.
Workers also take significantly longer to find new jobs today. The average jobless worker still spends over six months unemployed. This recovery has gone far slower than the White House promised when proposing Obama’s recovery plan.
It makes me sad to see how some people give up quickly when it comes to finding quality employment. If I had given up easily my dad would have lost respect for me. I also dislike seeing how quickly people quit jobs instead of staying for 35 years like I did. Loyalty is a value that should be ingrained into the American psyche.
The Labor Force Participation Rate is much more a demographic measure than anything else. It was projected to increase (and did) through 2000 as the result of increasing numbers of women getting post-secondary education and then working before, during, and after having and raising kids. Now with that trend having peaked, the LFPR is projected to DECLINE through at least the middle of the next decade. In significant part this is because of the increasing rates of retirement among baby boomers, the youngest of which are now 52. It also assumes that normalizarion of immigration does not occur in the meantime.
Furthermore, the White House did not make any quick-fix promises at all when proposing the so-called stimulus bill. They were instead quite frank about dark days still lying ahead. From Obama's first inaugural address --
"Today I say to you that the challenges we face are real. They are serious and they are many. They will not be met easily or in a short span of time. But know this America: They will be met."
Obama printed trillions of dollars to keep the Amerit-tanic afloat.
Assuming you believe Obama runs the Federal Reserve, you must also believe he ran it before he was even sworn in as President since Fed announced QE in 2008.
Assuming you believe Obama runs the Federal Reserve, you must also believe he ran it before he was even sworn in as President since Fed announced QE in 2008.
It's useless, the crazies are going to stay crazy.
.
As I've said many times: There has been no recovery. None whatsoever. As long as there are 95 million Americans who continue to be out of the labor force, this nation's economy is down.
As I've said many times: There has been no recovery. None whatsoever. As long as there are 95 million Americans who continue to be out of the labor force, this nation's economy is down.
Don't throw figures at the Obama apologists, makes their heads explode.
The entire American economy had become a giant ponzi scheme for decades and is on the verge of crashing. We have no real economy anymore. Once the guys on top can no longer be fed by the guys on the bottom, it will crash.
Ask anyone, who is out looking for a job how the economy really is. Sure, you can find a "job" within a few months if you look daily. But it will be 29 hours per week, with no chance for more and 2-3 days a week, broken up shifts in some crap service industry position. That is really all that is out there. Even the big companies are now piecing up employment. And then if you are lucky enough to land one of these lovely positions, they make you work "open schedules" and be available to them at their beckoning call, (beggars can't be choosers mentality) so you can;t even get a second job to supplement the capped $900 per months you're lucky to make.
There are no more 40 hours per week positions that pay well.
You have two choices. Join the ponzi scheme and play the game by trying to form your own business ideas, or work in the above environment.
Obama and this administration trying to convince us things are so much better is laughable and totally insulting. WE CAN SEE THE TRUTH MR. OBAMA, WE SEE IT EVERYDAY!
THIS IS WHY TRUMP WILL WIN THIS ELECTION, BECAUSE PEOPLE SEE WHAT IS REALLY HAPPENING! NOT WHAT THE CLINTON MEDIA TRIES TO TELL US.
I predict Trump will win and win big. And for the record, I am not that excited about Trump, I just believe people believe he will create jobs more that Hilary and they are sick of the establishment and sick of being told how things are when they can see the truth.
Assuming you believe Obama runs the Federal Reserve, you must also believe he ran it before he was even sworn in as President since Fed announced QE in 2008.
Obama doubled down on stupid.
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