Mark Caserta: President paints inaccurate picture of nation’s economy

9 Oct

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Oct. 08, 2014 @ 11:40 PM

With less than one month until the midterm elections, President Obama is attempting to pivot the national conversation back to the economy after months of scandal and foreign crises.

During a speech last week on the campus of Northwestern University, President Obama told Americans they were “better off” now than when he took office.

“It is indisputable that our economy is stronger today than when I took office,” Obama said. “By every economic measure, we are better off now than we were when I took office.”

It’s very telling that the president feels compelled to “convince” Americans they’re better off economically. Obviously, his advisors have their fingers on the pulse of the majority of Americans who are feeling the crunch of this president’s economic policies.

According to a recent Gallup poll, more than half of Americans said they had virtually no confidence in Obama’s ability to improve the nation’s sagging economy — the highest rate during his years in the White House. Only 42 percent said they believed Obama had the necessary economic skills to turn the economy around.

Here are some “indisputable” economic measures you’ll never hear from this administration.
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Under the ultra-liberal presidency of Obama and his progressive minions, poverty has soared while he has been president to nearly 50 million Americans, more than at any other time in the history of the Census Bureau tracking poverty.

Obama has become the food stamp president, with the number on food stamps increasing during his administration to a record high of 47.7 million, up 80 percent over the past five years as reported by the Department of Agriculture.

And while the administration boasts a recent drop in unemployment to 5.9 percent, they’re using the collapsing labor force and long-term unemployment as smoke and mirrors to deceive the American people. The number of people not participating in the labor force is the highest it’s been in 36 years, according to the Bureau of Labor Statistics. And the government stops tracking the unemployed if they haven’t looked for work in the last four weeks. Our nation’s true rate of unemployment, including the discouraged workers and those who have had to accept a part-time job for economic reasons, is 12.9 percent.

Despite calling George W. Bush “unpatriotic” for increasing the national debt by $4 trillion over eight years, Barack Obama has hypocritically increased the debt nearly $7 trillion in only six years.

And in perpetrating arguably the most nefarious scheme in history upon the American people, President Obama lied to Americans about nearly every aspect of Obamacare, which is now eroding the 40-hour work week for employees whose hours are being cut by employers who can’t afford to provide health care coverage as mandated by the president’s signature health care law.

Despite this president riding his promise to fight for the middle class all the way to the White House, the ironic truth is the rich are getting richer and the poor are getting poorer under his ineffectual economic policies.

America needs to end this failed liberal experiment in November.
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Mark Caserta is a conservative blogger, a Cabell County resident and a regular contributor to The Herald-Dispatch editorial page.

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One Response to “Mark Caserta: President paints inaccurate picture of nation’s economy”

  1. Kendal Rice October 9, 2014 at 4:29 pm #

    http://davidstockmanscontracorner.com/september-jobs-some-numbers-they-didnt-mention/

    My favorite number is right at the top of the BLS table and it’s 155.9 million. That is the civilian labor force number for September and it compares to 154.9 million reported for October 2008 way back when the financial crisis was just erupting. The reason that rather tepid gain of 1 million labor force participants over the course of six years is important is that during the same period the working age civilian population (over 16 years) rose from 234.6 million to 248.4 million—-or by 14 million in round terms.

    That’s right, the labor force grew by only 7% of the gain in adult population. That explains, of course, why the labor force participation rate of 66.0% back at the time of the crisis has plunged to a 36-year low of 62.7% in September. Or to put it another way, the employment-to-population ratio of 59.0% last month compared to just under 62% six years ago and 64.2% in the year 2000.

    Like

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