13 Facts That Reveal How Americans Are Suffering Under Obama’s Crappy Economy

obama_economy

by Yvette Carnell

If you listen to the talking heads, then you probably think that America’s economy is on the upswing. Funny thing is, much of the available economic data is pointing in the opposite direction. Record numbers of Americans are either unemployed or underemployed and conditions aren’t improving at a rate that will make a measurable difference. To better make the point, here are 13 facts that speak to America’s current economic position. Straight. No chaser.

 1) 91,541,000 Americans are not in the labor force.

2)  More than 1 million people will see their extended unemployment benefits immediately cut off at the end of the month if Congress doesn’t act.(NPR)

3.) Detroit’s bankruptcy is likely to gut pensions and the livelihoods of workers who had nothing to do with the Wall Street engineered recession. (Common Dreams)

4.)  The number of American women with a job fell by 357,000 during the month of October.

5.) Research firm ShopperTrak reported that Thanksgiving and Black Friday only produced $12.3 billion dollars for the entire industry, only a smidgen higher than 2012. Is that how we define growth?

6.) Overworked Americans are so desperate for jobs that they aren’t using their vacation days. (Forbes).

7.)  The average length of time that people remained unemployed as of October 2013 was nearly three times as long as it was in October 2000.

9.) A whopping 68 percent of Americans believe the country is on the wrong track.
10.) One out of every four part time workers lives below the poverty line.
11.)  The U.S. labor participation rate is at a 35 year low.
12.)  This is the first time in the post-World War II era that the employment-population ratio has not rebounded after a recession.
13.) And even when people find work, they’re learning that good jobs have been replaced with McJobs.

“But I want you all to know, I will not rest until anybody who’s looking for a job can find one — and I’m not talking about just any job, but good jobs that give every American decent wages and decent benefits and a fair shot at the American Dream.”– President Obama

 

 

 

20 comments
DickieVee
DickieVee

Obama is a disaster.

If he were white Jesse Jackson would be all over him but since he is black he gets a free pass. I just hope we can survive to 2016 and he can pack up and leave and we can pretend like he did a good job as president.

missingpieces
missingpieces

Ok granted things aren't grand but you can't blame it on Obama. How is he supposed to change anything if the congress won't work with him? The republicans made it there mission from day one to make him look like an incompetent failure. Note the stock market is reaching all time highs and the rich a getting richer. It's the tax breaks for the rich and other trickle down economic (Reaganomics) bull crap that the republicans won't let go that's trashing our economic recovery not Obama

BlackheywoodHeywood
BlackheywoodHeywood

All of this and President Obama wants amnesty for 11 + illegal aliens, worse is the Blacks who support him.

ROBERT@atx
ROBERT@atx

@engageathomas


YOU can also add 20 - 30 million illegal aliens legalized that will suck up more of the social services and resources that black people claim to need so much.

OBAMA is doing decades worth of damage to us!

engageathomas
engageathomas

Before i begin this post ...

let me thank the Most High God for his Grace, Mercy and a JOB ......

Under president hobama we live in a nation where Poverty is exploding ........

102 Million working age A-merry-cans do not have a job ......

The number of Americans on food stamps has grown from 17 Million in the year 2000

to more than 47 Million today.

Household income has been declining for the last five years

When Barack hobama took office, the average price of a gallon of regular gasoline

was $1.85.  Today, it is $3.53 

Since Obama has been president,SEVEN out every EIGHT jobs that have been "created"

in the U.S. economy have been part-time jobs.

FINALLY ......

since president hobama took office more than a MILLION public school students

in the United States are homeless.

This is the first time that has ever happened in our history.

That number has risen by 57% since the 2006-2007 school year.

TAKE OFF UR BEDROOM SLIPPERS AND PUT ON UR MARCHING BOOTS

AND CHANT HOPE AND CHANGE, HOPE AND CHANGE !!!!!!!!!!!!

DedrickLewis
DedrickLewis

The whole time he has been in office, he has had to fight for everything and when he has done anything he had to make consesions. No matter what he does, people are going to complain even if its not his fault. He is expected to fail and we all know the reason why.

missingpieces
missingpieces

You do realize that the stats you use include Bush's term in office.( You are probably one of the people who blame Obama for the poor responce to Katrina. ) You do realize the financial meltdown happened under Bush. The price of gas may have to do with the fact the we have already reached peak oil (look it up) or the refineries that were destroyed during Katrina

AlanCarter
AlanCarter

@Watchful I wonder what your congressman and rep are doing about jobs.

If you even know who they are. 

missingpieces
missingpieces

@watchful

The entire political system is broken. Lobbyist run the government. If you really think the majority of politicians are concerned with the middle/working class people or black people you are joshing yourself. If you don't have money or aren't a cooperation with money because by law cooperations are considered people most political decisions wont be in your best interest. We have to protect ourselves against the government. I'm not saying Obama has done what he promised what I'm saying is you can't lay all the blame on him.

missingpieces
missingpieces

The national economy has recovered but the main people seeing the benefits aren't black. The are the same rich white people who f'ed up the economy in the first place. The system has been broken. It was broken way before Obama got in office and he doesn't have a magic wand to make it go away. And anyone who thought having a black president would suddenly fix anything needs to come back to reality. And once again to blame it entirely on Obama is an egregious mistake. What has been the republican controlled congress sole purpose since Obama took office? Not cooperate and make him look as bad as possible even if it ruins the nation

missingpieces
missingpieces

Oh wait they are probably part of the problem like the asinine representatives that shut down the government because the couldn't repeal the affordable care act (that's based off something Mitt Romney did in MA)

soul60
soul60

@Watchful@missingpieces- ?? I wonder  since  it will be 2014 soon.

How many black's are going to keep rehashing some dream of MLK Jr. when it's obvious that certain people are listening no more to the moral cries of black people in this country. A prime example look how many black's  that have beet and killed by racist police.

Also,look how many black men are being held unjustly on these fake,made up twisted crack cocaine laws. The whole thing was a set up design to do exactly what we are seeing now genocide,eugenics and disempowement of black people as a massive collective.

Making sure to roll back all the so-called gains from the civil right's era.

missingpieces
missingpieces

Very true. But the black community in suffering from both external and internal forces. The youth wanna emulate people like Jay-Z who has done little to support his on people and has done more to destory it. How many aspire to be a successful business man like "pretty boy" Floyd who promotes his own fights has a mostly black staff and gives back to the community? We have been divied and poisoned. Until we can come together and respect ourselves nobody else has a reason to do so. But we all know since we were brought over here with nooses on our necks we were never supposed to be successful or equal. We have to get back to Martin Luther King's dream of having and achieving equality politically socially and economically. We can't be so focused on the trees we can't see the forest!!

soul60
soul60

@missingpieces - They all crooks and racist that black's have been forced to live under for years. Out of all the dying in wars,marching during the 60's,getting beat dogs put on black people top leaders being killed off. Black's of today still get no justice.It's mainly good sounding talk and deception right in our faces.

We cant' even stop these police from targeting us for fake criminal charges,beatings and being killed by gun fire. The point of departure  of trying to be the moral voice to these people who run this country has been a tragic mistake which has led black people into the unknowned   concerning what the future will uphold for black youth once they become grown.

Will anything be left for them or will be a some type of povery pimp program,drugs,homelessness,a grave,prison or insanity waiting  for them in the future once all the older black's are gone

missingpieces
missingpieces

So I guess you've never been between a rock and a hard place. What does religion have to do with the price of tea in China? And fyi religion, history, the media and everything has been white washed. If you really think Jesus his disciples or anyone in the bible is a blond haired, blue eyed, person of Nordic or European decent you might be part of the problem.

missingpieces
missingpieces

Yes I do believe that. According to your logic we might as well be back under bush or Reagan. Maybe if a good portion of the black population were more knowledgeable about what was going on and wasn't obsessed with buy all these frivolous stuff like rims,fake hair, the newest Jordan's...etc and tried to help the black community we might be in better shape. But I guess that has nothing to do with the media portrayal of successful blacks and not portraying the successful business men who help our community. But I guess that's Obama's fault too

soul60
soul60

@missingpieces - I wonder why do so many black's who go to church and believe in god or  jesus would let the white media push this non-sense about the idea of some lessers of two evils.

That is some real stupid stuff that clearly came from some type of white people media trickery. The average  black does not  even realize that they have been 

misled into thinking an idea is really a great idea. How about  organizing a real black indepedent party period

missingpieces
missingpieces

Some times the lesser of the 2 evils I'd a better choice. No politicians is ever 100% honest transparent or keeps all campaign promises but id rather Obama be president than Romney or Bush then we'd really be in trouble. And since you are being so critical do you help support the black community and black owned businesses?

AcidRayne
AcidRayne

@missingpieces Republicans do not control congress, and they have not controlled congress during any time since Obama was first elected...The Democrats control the Senate and the Republicans control the House, so congress is split...Before congress became split, Democrats had complete control of congress, they controlled the Senate AND the House when Obama was elected...Why didn't Obama do something then?...I know it helps to believe the excuses that the left makes, but the rest of us are not comforted because we know it isn't true...

missingpieces
missingpieces

Hello!! That's what politicians always do borrow ideas from each other. Oh my word it is so horrible he wants the insurance companies to not drop or jack up the rates on people with preexisting conditions. That's just despicable. How dare everyone have access to affordable quality healthcare. I have a little cousin with sickle cell anemia who now can't be denied insurance coverage because of it. And my cousin who had a stoke before he was 20 cant be charged exorbitant prices because he's high risk. What about them not being able to tell cancer patients you've reached your coverage limits and dropping them because they lose money insuring them. Worse idea ever especially since medical cost drive alot of people into bankruptcy. Completely insane right? Btw Obama never called the affordable care act obamacare. That's what the media dubbed it and people who don't do their homework believe that it's a novel idea Obama came up with. When in fact it just further shows how crazy republicans are that they don't back something they originally came up with because Obama supports it just like the ban on assault weapons.