Obama's Economic failure can be summed up in these two posts. These are the facts. This will not deter the Liberal Progressives from bragging about his fantasy economic success. Keep this and somebody repost it every time they claim what a great economic President Obonzo has been
Here is Obonzo's GDP growth rate as President.
2007 +1.8 this was Bush's last year.
2008 -.03 this was Obonzo's first year
2009 -3.1
2010 +2.6
2011 +1.8
2012 +2.2
2013 +1.8
2014 +2.4
2015 +2.6
2016 first half +1 He will not make +3% when final count for 2016 is in.
Obonzo is the first President since Herbert Hoover to not have one single year at +3 or above.
Obonzo has been an abject failure.
Then add this:
Investing.com -- A new study by economists from Harvard and Princeton indicates that 94% of the 10 million new jobs created during the Obama era were temporary positions.The study shows that the jobs were temporary, contract positions, or part-time "gig" jobs in a variety of fields.
Female workers suffered most heavily in this economy, as work in traditionally feminine fields, like education and medicine, declined during the era.
The research by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University shows that the proportion of workers throughout the U.S., during the Obama era, who were working in these kinds of temporary jobs, increased from 10.7% of the population to 15.8%.
Krueger, a former chairman of the White House Council of Economic Advisers, was surprised by the finding.
The disappearance of conventional full-time work, 9 a.m. to 5 p.m. work, has hit every demographic. “Workers seeking full-time, steady work have lost,” said Krueger.
Under Obama, 1 million fewer workers, overall, are working than before the beginning of the Great Recession.
The outgoing president believes his administration was a net positive for workers, however.
"Since I signed Obamacare into law (in 2010), our businesses have added more than 15 million new jobs," said Obama, during his farewell press conference last Friday, covered byInvesting.com. Lies, Lies, Lies |
