Obama Supposed Recovery Has Bigger Income Decline Than Recession Did?
How can this be? We here all about Obama has done this great (unfinished, of course) job of steering us through the recovery since he took over in 2009.
We hear commercials telling us he created 4.5 million new jobs in last four years. Of course there is no way to prove that.
But we can prove with governments own statistics from the Dept of Labor that right NOW 2 million LESS people are working than when Obama took over.
So if Obama did create 4.5 million new jobs, he lost 6.5 million during the same time period.
We hear Obama does have the unemployment rate down to close to 8%. But he promised 2% less than that if he got the stimulus program he wanted. Who’s talking about the stimulus failure?
Oh, by the way, did you wonder how the unemployment rate seemed to drop suddenly from over 9% to 8%? I mean it happened earlier this year, as the economic growth declined – somehow less output of goods and services generated more jobs? huh? No, what was done was over 2 million people were just zeroed out of the labor force looking for work – just taken away from the total of unemployed. So, ZAP, unemployment goes down as fewer are looking for work (by the magical pencil).
Now comes another stat from the government that shows that income during the last four years (the recovery, right?) dropped about TWICE as much as during the recession before it. Huh? We are having a recovery that is resulting in income decreases for people? Yep, we are. That’s success?
People, if you want you economic well being to go further into the pooper scooper, vote for Obama and the Democrats. The facts don’t lie. Obama and his people do, very careful lies that mislead and use numbers they cook up and manipulate. But the real numbers tell the truth, Obama has been a disaster!!!!!!!!!!
U.S. Incomes Fell More in Recovery, Sentier Says
American incomes declined more in the three-year expansion that started in June 2009 than during the longest recession since the Great Depression, according an analysis of U.S. Census Bureau data by Sentier Research LLC.
Median household income fell 4.8 percent on an inflation- adjusted basis since the recession ended in June 2009, more than the 2.6 percent drop during the 18-month contraction, the research firm’s Gordon Green and John Coder wrote in a report today. Household income is 7.2 percent below the December 2007 level, the former Census Bureau economic statisticians wrote.
“Almost every group is worse off than it was three years ago, and some groups had very large declines in income,” Green, who previously directed work on the Census Bureau’s income and poverty statistics program, said in a phone interview today. “We’re in an unprecedented period of economic stagnation.”