January 15, 2013
Obamanomics Update: Long Term Unemployment at Highest Level Since WWIITopics:
The long term unemployment situation in our country is bad, and to really grasp what a failure Obama's first term has been, you have to see it graphically:
Long term unemployment under Barack Obama is at the highest level since at least the end of World War II, and it's threatening to create a permanent underclass of workers who will find it difficult or impossible to obtain jobs in the future. What's more, Obama's insistence on repeatedly extending long term unemployment benefits, and Congress going along with it, is likely only helping to make the unemployment problem worse.
Via Doug Ross:
When America reelected Barack Obama they voted for higher unemployment, lower incomes, record government spending, and a stagnant under-performing economy. Barack Obama promises to bring even more pain his second term.Much more pain, indeed. The clown in the White House has not the slightest clue how to run a lemonade stand at a profit, much less successfully run our nation's economy. It's not much of a stretch to say that his financial malfeasance and financial illiteracy have the United States on a path to insolvency and bankruptcy. Beyond this, besides being economically illiterate, one could argue that the man's undoubtedly a Marxist. Our only way out of this economic mess we've got ourselves in is through economic growth, and his ideology, policies, and agenda are exactly contrary to what needs to be done.
In the US today:
- 12 million Americans remain unemployed.
- In December 22.6 million Americans were unemployed or underemployed.
- The average unemployed American is out of work for nearly 40 weeks.
Americans voted to reelect Barack Obama because of the malfeasance of the progressive media machine. Had the media reported the truth, this failed president would have lost in a landslide.
Therefore, Americans would do well to anticipate more pain. Much more pain.
In other words, one could say that Obamanomics has us, and is continuing to drive us, towards a failed economy, an insolvent nation, and possibly the end of our republic.
We'll know in four more years if I'm right or wrong. I'd much rather be wrong than right, but if I was a betting man ...
Posted by Hyscience at January 15, 2013 10:37 AM
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