New data on Obamanomics is chilling

By Tom Quiner

The new job numbers are out.
Senator Jeff Sessions reacted:

“Today’s jobs numbers are only enough to tread even with population growth, maintaining unemployment at 6.3 percent. When you include discouraged workers, the unemployment rate doubles to an alarming 12.2 percent. There are still 3.2 million fewer full-time employed persons than there were in 2007,” says Sessions.
“Since President Obama came into office in 2009, 7.2 million people have left the workforce entirely. One out of every six men aged 25–54 is not working. Employment in this group fell by 72,000 last month, while the number of employed women aged 25–54 fell by 37,000. Meanwhile, the workforce participation rate for women is at its lowest level in 23 years. Median household income is down almost $2,300 from what it was when the President took office. Real wages are lower than they were in 1999. Growth in the first quarter of this year was negative.
“These numbers are grim and make clear that this economy is nowhere close to performing at an acceptable level.”

It’s getting tougher and tougher for the president to blame Bush.

2 Comments

  1. Tom Maly on June 6, 2014 at 2:59 pm

    Tom,
    I think we have a “Euromerica” going here!! Put a different way, we are being “Europeanized”.
    For a long time, Europe has had higher chronic unemployment, anemic growth rate in their economies, young people who can’t find work and live with their parents, high gas prices. We are moving quickly to meet them on these and, I am sure, other measures!! Oh woe is us!! :o(



    • quinersdiner on June 6, 2014 at 3:02 pm

      This has truly been his goal from the outset.