Hillary forced to back pedal once again 3

For nearly six years, Keynesian economics has been put to the test.

The Obama administration has used “stimulus spending” with a profligacy that would even make Franklin Roosevelt blush. And yet it hasn’t worked.

Economic growth lags way behind typical economic recoveries. Same with the unemployment rate.

What is particularly damning is the employment rate which hovers around the abysmal levels of those sorry Carter years… More…

New data on Obamanomics is chilling 2

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.

A bloated “public economy” lowers middle class incomes Reply

Inflation-adjusted median household incomes fell by 2.6% during the Great Recession. Obamanomics, which has been characterized by adding $5 trillion to our deficits in the name of stimulating our paychecks, has had the exact opposite effect. Since the recession ended in mid 2009, instead of helping us, it hurt us. Inflation-adjusted median household incomes fell another 4.8%. More…