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Obamanomics: Two Americans Added To Food Stamp Rolls For Every Job White House Says It Created…
During his speech today Obama declared “America back” after recession.
Via CNS News:
White House Press Secretary Jay Carney said yesterday that the Obama administration has pulled the nation from the depths of the “Great Recession” with the creation of 7.2 million private sector jobs.
“And what is absolutely true is that we have come a long way since the depths of the Great Recession. We’ve created over 7.2 million private sector jobs,” Carney told reporters at a press briefing.
Here’s what Mr. Carney didn’t say:
Since February of 2009, the first full month of Obama’s presidency, 9.5 million Americans have dropped out of the labor force. Nearly 90 million Americans are not working today!
That means that 1.3 Americans have dropped out of the labor force for every one job the administration claims to have created.
There are 15 million more Americans on food stamps today than when Obama assumed office.
At the end of January 2009, 32,204,859 Americans received aid from the Supplemental Nutrition Assistance Program. As of April 2013, there were 47,548,694 Americans on food stamps.
That means that more than two Americans have been added to the food stamp rolls for every one job the administration says it has created.
Report: Drop In Unemployment Rate “Almost 100 Percent Due To Decline In Labor Force Participation Rate”….
Haight Ashbury speak. Meaningless drivel...must be high.
Clearly Obama is a pusillanimous benighted jackboot talking like that.
You can't understand it, therefore you must be high?Haight Ashbury speak. Meaningless drivel...must be high.
Since you're focusing only on the last economic report with your part time jobs thing maybe you should take a look at how the labor force participation rate went up.
And it went up the month before as well.
Obama says deficit is falling at the fastest rate in 60 years
Politifact sez:
link
Spin that, bitch.
One reason Obama is able to point to an historically high decline is because the deficit as a percent of GDP had never been higher. Steve Ellis of Taxpayers for Common Sense, an advocacy group focused on taxes and spending, said the reduction is significant. But at the same time, he said, "Let’s face it, there was a lot to reduce. The deficit was morbidly obese."
Similarly, the economy took a major hit which gave it more room for improvement in historic terms. So even a moderate recovery has eased the deficit by both increasing tax receipts and reducing demand for government aid such as unemployment support.
Lastly, while the deficit might decline, the country’s accumulated debt is projected to grow.
"The future path is not captured in snapshots of what happened over the past few years, Peuquet said. "It ignores the unsustainable debt trajectory the country still faces."
Don't have to. It spells it out right in your own link.
Similar to the tactic of removing people from the employment pool to get a reduced unemployment number,
the Administration also recently rewrote the book on what should be included in the official GDP number, making it look higher than it had previously. However, I don't believe that they restated previous years' GDP to normalize methods. It ain't apples to apples, in other words.
Rob is the dumbest sum bitch on Lit.