Skip to comments.ECONOMIC REPORT CARD – FAIL
Posted on 07/08/2012 9:19:04 PM PDT by Errant
We are now three and one half years into Barack Obamas presidency. I thought a few pertinent charts would help us assess the success of his economic policies. Upon his election he demanded an $800 billion stimulus package in order to keep the unemployment rate from surpassing 8%. The $800 billion was to be spent over two years we were told and then government spending would be scaled back to pre-stimulus levels. There were 145 million Americans employed when Obama was elected. There are 9 million more working age Americans today than there were in 2008. There are now 142.4 million employed Americans. So, weve added 9 million potential workers and still have 2.6 less Americans employed. We have the same number of Americans employed as we did in early 2006, when there were 17 million less working age Americans.
(Excerpt) Read more at theburningplatform.com ...
That's the FACT Jack!
Excellent post! Another way to say it is that the “participation rate” keeps dropping and we are STILL at 8.2% unemployment. 10.9% unemployment if the same unemployed Americans were counted in the Gov employment scheme. Clearly Obama’s policies have failed and no amount of wait and see is going to change that reality.
Also keep in mind Great Britain had decades as the reserve currency for the world. Our reign of printing of money as a reserve currency is coming to an end. While that may relegate us to disregard and ridicule it is unlikely to wreak a catastrophe beyond bringing us to the standards of living like the rest of the world.
It’s a little funny. We constantly hear about report gards, what grade we give Obama,,what grade he gives himself,,etc etc.
,,but we never get to see his real grades.
Great point! :) Maybe someday...
I completely agree! But our printing of money has only begun. Obama has our economy on a roller coaster to hell. Our last chance to get off was when our GOP controlled Congress failed to cap the spending.
We're going down; prepare to eject!
Oh puhleaze can’t we just have 4 more years of Blah Blah blaming George?????
What’s with the support the Occupy movement banner in the upper left hand corner of the web page ?
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