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Politics : Politics for Pros- moderated

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To: Sr K who wrote (505201)8/30/2012 9:24:09 AM
From: J.B.C.4 Recommendations  Read Replies (1) of 794310
 
I'm still not sure why you post here, but here are some economics for you:

Morning Update: Two Months OutAugust 29, 2012

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So here’s where we are, a little over two months out from the election. Let’s talk unemployment. Almost half of those who lost their jobs from January, 2009, to December, 2011, are still looking for work. Among those lucky enough to find another job, over half had to take a pay cut. A third took a deep pay cut -- losing over 20% of their income.

If you added in all the people who’ve only found part-time jobs, all of those figures would be much higher. This is the worst job market since the government began measuring the job market. This is the worst economic “recovery” since we began measuring economic recoveries.

And there’s a reason we’re in the worst economic funk since the Great Depression. When it comes to economic policies needed to put Americans back to work, we’ve got the worst Administration in place.

Who in the Obama Regime can you point to with a history of private sector success? Nobody. How can a guy who never made payroll, with a Cabinet who never made payroll, understand what it takes to make payroll? Impossible, especially since this President shows contempt for those who do make payroll!

Even AP reports that employee paychecks aren’t keeping up with inflation. Consumer spending is down; record lows. Unemployment is horrific. Obama took a mild recession and turned it into the worst in our history. With no signs of improving.

We can’t afford four more years of this, or him!
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