1) A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8% and that's according to the BLS.
2) 109,631,000 living in households taking federal welfare benefits as of the end of 2012, according to the Census Bureau, equaled 35.4% of all 309,467,000 people living in the United States at that time.
3) More than a third of the country is in trouble when it comes to paying debts on time; 35% of Americans have debt in collections, according to a study out Tuesday from the Urban Institute, which analyzed the credit files of 7 million Americans.
I am an old geezer, and I've seen boom and bust economies. This is not a boom economy. It may not all be the presidents fault, but he has done very little to help it grow. Some areas of the country are doing well, but at least half the country is flat or declining. If we continue to pass and support government policies that encourage manufacturing companies to move overseas, restrict energy production, and punish success, and crush business and individuals with red tape and regulation, then I don't see a boom economy anytime soon. We get what we vote for, and that's what we have, what we have voted for in the past.
First of all most of the jobs created are part-time jobs which aren't enough to gain any real income. There are way too many people on welfare and other government benefits which is a sign of an unhealthy economy. Businesses are moving out of the country because they are tired of paying so many taxes. Why do you guys think our President wants to raise the minimum wage? Because there are so many part-time jobs in this country. When he actually creates real jobs for people then I will say otherwise.
Obama stepped in after a pathetic president drove us into the ground with voodoo economics and premature foreign policies that created trillions in USA national debt. Since Obama has became president he has made America recover from this recession CAUSE by unregulated capitalism, faster than any other nation. That's a fact. Credit is rising, house prices are rising (as well as buying), and the economy is beginning to stabilize, people are getting hired again and he fixed SO MUCH that bush created.
Fox News and other right wingers have just spewed a lot of lies. The exact opposite of what they are saying is actually the truth. Obama is not the worst modern president of our time in terms of economy. The exact opposite is true. He is the best president of modern times in terms of economy.
Not to mention our inflation is on track. More Americans are working. More people are leaving "poverty" levels than under previous administrations.
Home and business loans are up. Interest rates are still competitively low. Home pricing is up, meaning real estate values are increasing.
Capital gains investment has never been more profitable. American oriented corporations are making record profits.
The only thing we need conclude from the above statistics, is that the economic structure of this nation is weighted in favor of those who already hold capital.
We need to level the playing field, through the use of regulations on imports and tax punishments on corporations which choose to invert.
Statistics randomly stated are not evidence of anything. 100% of Americans will die. Does this mean that Obama's health care reform has completely failed? The answer is of course "Yes" and to add to that not only has it failed but you should be ashamed for not voting for the party that supports whatever-opposing-concept there is.
You cannot blame all of society's problems on one president, especially when it come to the economy. There are many actors in the national economy's health including companies, trade agreements/treaties, stock markets, corporations, international markets, regulatory bodies, social opinion ect. A single president at best can try to direct the economy.
Hypothetical example: No amount of government policy will create jobs if there isn't a consumer market to buy those goods and services.
Also the policy of previous Presidents, and Congresses can make a President that has nothing to do with cause end up trying to find a solution.
Example: The Bush Tax cuts that were enacted right before he left office, leaving Obama with less revenue to pay for two wars, and stopping a Recession from becoming a collapse.
The world isn't as black and white as, "I'm under employed, thanks -insert current president-"
Ore than a third of the country is in trouble when it comes to paying debts on time; 35% of Americans have debt in collections, according to a study out Tuesday from the Urban Institute, which analyzed the credit files of 7 million Americans. United States at that time. To the Census Bureau