Tag Archives: Obamanomics

Is Obamacare The Final Nail In The Coffin Of The Middle Class?

If there were any shreds of hope left that the stunning decline of the middle class could be turned around, Obamacare has absolutely destroyed them.  Over the past decade or so, the middle class in the United States has been absolutely eviscerated.  The number of working age Americans without a job has increased by 27 million since the year 2000, median household income in the U.S. has fallen for five years in a row, and the poverty numbers in this country are spiraling out of control.  And now here comes Obamacare.  As you will see below, Obamacare is causing millions of Americans to lose their current health insurance policies, it is causing health insurance premiums to explode to absolutely ridiculous levels, and it is systematically killing jobs even though the employer mandate has been delayed for a while...

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Obamanomics: Wall Street Thrives, Main Street Dies

There is a plethora of evidence to back up Huszar’s assertion. While Wall Street continues to flirt with record highs, Main Street is stagnating. Despite the happy talk that constantly emerges from the Obama administration and its media cheerleaders, a record-setting 91,541,000 Americans were not participating in the labor force as of October,according to the Bureau of Labor Statistics (BLS). Between the time Obama entered office in 2009 and last month, more than 11 million Americans have left the labor force. If the trend continues, the number of idle Americans will top the number of working Americans in four years...

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Obamanomics: The ‘Real’ Unemployment Is 13.8%

The U-6 rate captures the fuller picture of people who are willing and able to work, but cannot find a job.

Since President Barack Obama has been president, the  U-6 unemployment rate rose from 14.25% in January 2009 to a high of 17.1% in October, November and December 2009 and the same rate in February, March, and April 2010.  The U-6 rate did not fall below 14% under Obama until March 2013, when it hit 13.8%, the same rate for October 2013...

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Obamanomics, RIP

AN OLD SAYING sometimes attributed to Mark Twain goes: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” And so it is with the current view that government spending stimulates the economy. It doesn’t. Government stimulus spending, paid for by running up the federal credit card, is why we have the never-ending Great Recession, though the left keeps fantasizing that spending “saved us from a second great depression.”...

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Putin works Obama shirks

"Mr. Transparency" shoved his health care bill down Americans throats without even posting it on the internet before congress could vote on it.  The promise of transparency is as lame as his game. Like Superman's Bizarro World where everything is backwards, Obama says one thing and the opposite happens. I'm not sure if Americans have figured that out but that's the way it is.  If he says unity, he means division, peace, he means war. You get the picture. I think you do or did you vote for Obama? He actually meant not to vote for him or support him. Barry, Barry, quite contrary. Didn't you get that memo?...

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