#1 When Barack Obama entered the White House, 60.6 percent of working age Americans had a job. Today, only 58.7 percent of working age Americans have a job.
#2 Since Obama has been president, seven out of every eight jobs that have been "created" in the U.S. economy have been part-time jobs.
#3 The number of full-time workers in the United States is still nearly 6 million below the old record that was set back in 2007.
#4 It is hard to believe, but an astounding 53 percent of all American workers now make less than $30,000 a year.
#5 40 percent of all workers in the United States actually make less than what a full-time minimum wage worker made back in 1968.
#6 When the Obama era began, the average duration of unemployment in this country was 19.8 weeks. Today, it is 36.6 weeks.
#7 During the first four years of Obama, the number of Americans "not in the labor force" soared by an astounding 8,332,000. That far exceeds any previous four year total.
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33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama | Zero Hedge - 0 views
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"Barack Obama has been running around the country taking credit for an "economic recovery", but the truth is that things have not gotten better under Obama. Compared to when he first took office, a smaller percentage of the working age population is employed, the quality of our jobs has declined substantially and the middle class has been absolutely shredded. If we are really in the middle of an "economic recovery", why is the homeownership rate the lowest that it has been in 18 years? Why has the number of Americans on food stamps increased by nearly 50 percent while Obama has been in the White House? Why has the national debt gotten more than 6 trillion dollars larger during the Obama era? Obama should not be "taking credit" for anything when it comes to the economy. In fact, he should be deeply apologizing to the American people. And of course Obama is being delusional if he thinks that he is actually "running the economy". The Federal Reserve has far more power over the U.S. economy and the U.S. financial system than he does. But the mainstream media loves to fixate on the presidency, so presidents always get far too much credit or far too much blame for economic conditions. But if you do want to focus on "the change" that has taken place since Barack Obama entered the White House, there is no way in the world that you can claim that things have actually gotten better during that time frame. The cold, hard reality of the matter is that the U.S. economy has been steadily declining for over a decade, and this decline has continued while Obama has been living at 1600 Pennsylvania Avenue. It is getting very tiring listening to Obama supporters try to claim that Obama has improved the economy. That is a false claim that is not even remotely close to reality. The following are 33 shocking facts which show how badly the U.S. economy has tanked since Obama became president... #1 When Barack Obama entered the White House, 60.6 percent of working
My Way News - Report: Employers to see 2011 medical costs jump - 0 views
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"INDIANAPOLIS (AP) - Companies that offer employee health insurance expect another steep jump in medical costs next year, and more will ask workers to share a bigger chunk of the expense, according to a new PricewaterhouseCoopers report. For the first time, most of the American workforce is expected to have health insurance deductibles of $400 or more, the consulting firm said in a report released to The Associated Press. Deductibles are the annual amount a patient pays out of pocket for care before insurance coverage starts. They are generally separate from co-payments and coinsurance. Two years ago, only 25 percent of companies participating in the annual survey said they asked employees to pay deductibles of $400 or more. That grew to 43 percent in 2010 and is expected to pass 50 percent next year. Employees who are asked to pay more through things like higher deductibles help keep cost growth in check because they use less health care. The health care reform law passed by Congress and then signed by President Obama in March has just started to unfold and will have little impact on costs next year, said Michael Thompson, a principal with PricewaterhouseCoopers. "In general, it's a continuation of a fairly high rate of medical inflation," he said."
The gathering revolt against government spending | Washington Examiner - 0 views
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Now the political scientists' maxim seems out of date. The Democrat who won the Pennsylvania 12th Congressional District special election opposed the Democrats' health care law and cap-and-trade bills. The Tea Party-loving Republican who won the Senate nomination in Kentucky jumped out to a big lead. The defeat of the three appropriators, who among them have served 76 years in Congress (and whose fathers served another 42), is the canary that stopped singing in the coal mine
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Democrat victories were by those who oppossed Obamacare and the Cap and Trade bills.
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"This month three members of Congress have been beaten in their bids for re-election -- a Republican senator from Utah, a Democratic congressman from West Virginia and a Republican-turned-Democrat senator from Pennsylvania. Their records and their curricula vitae are different. But they all have one thing in common: They are members of an Appropriations Committee."
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