9 reasons why the economy is not moving “forward” under Barack Obama


Originally posted on Wintery Knight:

From the American Enterprise Institute.

Here’s the summary of the list of 9 items:

  1. Unemployment rate
  2. Declining U.S. labor force (structural unemployment/government dependency)
  3. Labor force participation rate
  4. Unemployment/population ratio
  5. Average hourly earnings of workers
  6. GDP growth
  7. Economic competitiveness
  8. Federal debt crisis
  9. Risk of renewed recession

And here’s the detail of one that I haven’t mentioned much before on this blog:

5. Average hourly earnings were unchanged in the August jobs report, and are up just 1.7% over the past year. Not only does that match the slowest pace on record, but one you account for inflation, wages are flat to down.

The graph:

According to Forbes magazine: (H/T Gateway Pundit)

New income data from the Census Bureau reveal what a great job Barack Obama has done for the middle class as President. During his entire tenure in the oval office, median household income has declined by 7.3%.

In January, 2009…

View original 447 more words

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