‘ ‘Are you better off today
than you were four years ago? If not, then you are just like most other
Americans. According to a CBS News/New York Times poll that was
released a few days ago, 80 percent of Americans say that their financial
situation is not "better today" than it was four years ago. But
if you turn on the television and listen to what the "pundits" are
saying, you would be tempted to think that we were in the midst of a robust
economic recovery. You would be tempted to think that the
Yes, the stock market is doing really
well for the moment, but the truth is that more than 50 percent of all stocks
and bonds are owned by just 1 percent of the
Good for them. It looks like the trillions of dollars that the Federal Reserve poured into the big Wall Street banks is really paying off nicely for the financial community.
Meanwhile, much of the rest of the country is deeply suffering.
It was recently reported that 1.5 million American families live on less than two dollars a day (before counting government benefits).
That is horrifying.
According to the
All across this country poverty is exploding. Food banks are experiencing more demand than ever before and those offering free healthcare are absolutely swamped.
And every single measure of government dependence has gone way up since Barack Obama entered the White House.
For example, since Barack Obama became president the number of Americans on food stamps has gone up by 45 percent.
Just think about that.
At this point the federal government is helping to feed an all-time record 46.5 million Americans every month.
Oh yeah, times are good.
According to the
That is much higher than it has been historically.
For example, back in 1983 less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.
The big problem is that there are simply not enough jobs for everyone.
Listening to the media, you would be
tempted to think that the
But that is simply not the case.
Right now there are 5.6 million fewer jobs than there were when the last recession began back in late 2007.
So where are the millions of jobs you promised us Obama?
The federal government is trying to convince us that the unemployment rate is going down, but that is not really true.
The key is to look at the percentage of working age Americans that actually have jobs. During the last recession that percentage fell dramatically as you can see from the chart below. After every other recession since World War II the employment to population ratio has always bounced back. But it has not happened this time. Instead, the employment to population ratio has remained between 58 and 59 percent since the end of 2009....
We have not had a jobs recovery. Hopefully we will have one before the next recession hits, but we are running out of time for that.
Tonight there are millions upon millions of hard working Americans that are staring at their television screens and wondering why they can't find good jobs. The pretty people on television are telling them that the employment situation is getting much better but they can't find work no matter how hard they try. It is a cruel joke on them.
When Barack Obama entered the White
House, the number of "long-term unemployed workers" in the
Thanks for the improvement Obama.
Meanwhile, the average duration of unemployment continues to hover near a record high. Just look at the chart posted below. Does this look like a "jobs recovery" to you?....
But of course Obama and those that support him want to make things sound like they are getting better. They want people to run out and vote for him again in November.
If things are going well for you right now, be thankful, and also remember the millions upon millions of Americans out there that are deeply hurting in this economy.
If you gathered together all of the
workers that are "officially" unemployed in the
That is a lot of people.
Obama promised us that the Wall
Street bailouts would make everything better. He promised us that if we
poured gigantic mountains of money into Wall Street that it would end up
Well, the last time I looked Goldman Sachs was doing just fine.
So where is the help for
How much wealthier do they have to get before they start creating more jobs for the rest of us?
Obama (like most of our politicians) is a complete fraud when it comes to the economy. He is all saddle and no horse. He talks a good game but he doesn't have any game.
As Wall Street has recovered, the
rest of the country has actually been in decline. Median household income
Incomes have been declining but the cost of living has not.
For example, health insurance costs have risen by 23 percent since Barack Obama became president.
Has your paycheck increased by 23 percent?
The average price of a gallon of
gasoline in the
Has your paycheck increased by 90 percent?
Millions of American families have
lost their homes while Obama has been president and millions more will soon
lose their homes. At this point there are more than 6 million mortgages
It is a horrible, horrible feeling to know that you can't pay your mortgage and that you will soon lose your home and your family will be put out on the street.
None of us would ever want to end up in that situation.
And the housing market sure has not shown any signs of recovery under Barack Obama.
Weren't home prices and home sales supposed to be turning around by now?
Under Barack Obama, new home sales in
That trend is not going in the right direction.
Of course Barack Obama is not solely
responsible for the performance of the