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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: zax who wrote (728210)	7/22/2013 1:19:14 AM
From: i-node	3 Recommendations Recommended By FJB jlallen joseffy Respond to of 1580032

This reminds of the Obama gimmick of citing "jobs saved or created" -- a truly evasive statistic if ever there was one. The question that ought to asked is, "Where would we have been had we had competent management during this period?" -- and the answer is quite different from the one your graphic suggests. The real unemployment rate (U6) stands at 14.3%, a tenth of a point higher than when Obama took office. Worse, as a result of incompetent policy, we are seeing a transition away from full-time work and toward part-time, which means that average hours worked are on the decline. You can paint this anyway you want but the fact is that ordinary people are being hammered by Obama policy. And the worst of it is that the problem is getting worse by the month. The markets are up because of the pumping by the Fed, which has created trillions in dollars that have to go somewhere, and it goes into the market. But the poor and middle class are hobbling worse than they ever did before Obama got here. Anyone who thinks this economy is doing well -- particularly on the basis of this fog of the Fed printing trillions of dollars -- is just getting sucked in by the absurd campaign rhetoric coming out of the Democrat party.