Real unemployment is at 23% Labor Participation Rate is at 62.7% – a 36 year low. Zero Hedge reported a record 92.6 Million Americans are not in labor force. The US labor participation rate has fallen behind Great Britain for the first time in 36 years thanks to Obama’s failed big government policies. ** The number of long-term unemployed Americans has more than doubled since 2007, from 18.4% to 39.3% Under Barack Obama American households are worth two-thirds of what they were in 2009. The median household net worth under Obama is one-third what it was during the Bush years. ** Under Obama – One-Fifth of Middle Class Falls into Poverty Gas prices up – Incomes down The number of Americans who consider themselves middle class has fallen by nearly a fifth over the past five years. 260,000 College Graduates in Minimum Wage Jobs The number of minimum wage workers with college degrees is still more than double what it was during the Bush years. $17.3 Trillion: The Current National Debt After Five Years Of State Of The Union Promises To Tackle The Problem. (U.S. Treasury Department, Accessed 1/24/14) $6.6 Trillion: Added To The National Debt Despite Obama’s Declaration In His 2009 Address To Congress That He Didn’t Want To Leave “A Mountain Of Debt.” (U.S. Treasury Department, Accessed 1/24/14; President Barack Obama, Remarks by The President In State Of The Union Address , Washington, D.C., 1/27/10) $4 Trillion: The Amount Of Debt That Obama Once Called “Irresponsible” And “Unpatriotic.” (Sen. Barack Obama, Remarks At A Campaign Event, Fargo, ND, 7/3/08) $1.8 Trillion: Cost Of ObamaCare’s Coverage Provisions From 2014 To 2023. (CBO, 7/30/13) $1 Trillion: The Total Student Debt Held By Americans. (Josh Mitchell, “Student-Loan Debt Slows Recovery,”The Wall Street Journal’s Real Time Economics, 12/30/13) $819.3 Billion: Total Taxes In ObamaCare. (CBO, 3/12;JCT, 6/15/12; CBO, 5/14/13; CBO, 7/30/13) $494 Billion: Amount Of Regulatory Burden Since Obama Took Office. (American Action Forum, 1/8/14) $174 Billion: Federal Budget Deficit For The First Three Months Of FY2014. (U.S. Treasury Department, Accessed 1/17/14) $32.6 Billion: The Increased Cost To Pay Interest On U.S. Debt Since 2009. (U.S. Treasury Department, Accessed 1/17/14) 47. 6 Million: Americans Receiving Food Stamps In 2013. (Department Of Agriculture, Accessed 1/24/14) 46.5 Million: Americans Living In Poverty – A Record Number – Despite Obama Calling Income Inequality “The Defining Issue Of Our Time” In His 2012 State Of the Union Address. (U.S. Census Bureau, Accessed 1/24/13) 19.4 Million: The Number Of Americans That Have Joined The Food Stamp Program Since Obama Took Office. (Department Of Agriculture, 1/24/14) 10.4 Million: The Number Of People Unemployed At The End Of Obama’s Fifth Year As President. (BLS, 1/24/14) 7.8 Million: The Number Of People Working Part-Time That Would Like To Work Full-Time. (BLS, 1/24/14) 6.7 Million: The Number Of People That Have Entered Poverty Since 2008. (U.S. Census Bureau, Accessed 1/24/14) That's the thing about facts.....there are lots of them and even Harvard can teach someone how to use them to your advantage.
Way too long of a copied list to address every point, I''ll just take the first few. Unemployment is at 5.1%. It has always been calculated the same way. There is also an established way to calculate the "total unemployed, plus all marginally attached workers plus total employed part time for economic reasons" and that humber is 10%, not 23% http://www.cnbc.com/2015/07/02/chart-whats-the-real-unemployment-rate.html Mostly because they are housewives, retired, or disabled. Say, have you ever heard of the Baby Boom? Boomers are retiring in huge numbers and it is influencing the curve . . . for a while. Many companies are already having trouble filling the jobs left by retiring Boomers. http://www.usnews.com/news/articles...-big-part-of-labor-participation-rate-decline And under a Republican Congress, you mean. Yet household wealth last year rose 1.7% to record levels. How can this be? Because an immense amount of new wealth is concentrated at the top. And what party is responsible for moving wealth to the already wealthy? When have the Republicans every cared much about median net worth? Any member of the middle class that votes republican is voting for more of this. http://www.usatoday.com/story/money...ift-us-household-wealth-to-a-record/15830331/
You are whiffing a lot today. It isn't about going point-by-point. It's about abusing statistics. Obama earns summa cum laude at that.
Speaking of Trump, in the RCP polls (the one Red uses) Trump opened up a +5 lead over Clinton in the General Election. He also is garnering 25% of the black vote in another poll. Just a fwiw. http://www.realclearpolitics.com/epolls/latest_polls/president/
unemployment is at 5.1%. the formula hasn't changed. when you say 23% you are talking about the U-6 numbers and, frankly, even our U-6 unemployment rate sits at barely over 10% right now. the number you are offering is from 2013. you might want to check the dates on those articles before you quote them. And do you know why? Because Baby Boomers are retiring. http://www.factcheck.org/2015/03/declining-labor-participation-rates/ Yes, and it was false net worth because their houses were not worth nearly what that big fat housing bubble said they were worth. Not to mention that the stock market took a pretty good beating in 2008 when the economy crashed and the House of Representatives refused to back a stimulus bill and the American people lost 1.2 Trillion dollars because of the ensuing crash. Further you act as though Obama was handed a budget surplus, 5% unemployment, cheap gas and households who were brimming with savings and out spending like it. But I think I have finally discovered the problem here....you are thinking about the economy that George W Bush took over in 2001. It's all I can figure.....
